DX25's $100,000 Reward-Packed Testnet Awaits Its Users
DX25, the decentralized exchange built on top of the MultiversX blockchain is inviting users to test the platform under its ongoing incentivized testnet
DX25 is a suite of trading features designed to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi) within the MultiversX ecosystem.
The DX25 public testnet offers an opportunity for traders to explore and experiment with the platform's diverse features. Among the functionalities available for testing are swapping assets and creating liquidity pools, which harness the power of concentrated liquidity and multiple fee levels.
DX25 is running the DX25 Rewards Program under its testnet, a campaign that will distribute a total of 100,000 USD in $DX25 tokens. The program will remain active until the platform launches its mainnet, ensuring users have ample time to participate and earn rewards.
The DX25 Testnet Rewards Program is divided into two categories, each offering enticing incentives. First, the Early Bird Rewards category is open to all users who sign up for the rewards program. The first 10,000 participants will be rewarded with a minimum of 5 USD worth of $DX25 tokens, and the total prize pool allocated to this segment amounts to 50,000 USD.
The second category, the Builder Rewards, focuses on early users of the DX25 devnet. Participants in this category will have a shot at claiming a portion of the 50,000 USD prize pool. The Builder Rewards category is further divided into two subcategories. The first one is based on activities conducted on the devnet, such as executing swaps, opening liquidity positions, and closing positions, among others. The second subcategory involves completing various quests on Zealy, primarily centered around social media engagement, with new quests introduced weekly. A comprehensive step-by-step guide on how to take part in the campaign can be found here.
DX25's architecture is built upon the highly scalable, secure, and decentralized MultiversX blockchain, formerly known as Elrond. The platform offers a comprehensive suite of trading features, including concentrated liquidity, multiple fee levels, true margin and derivatives trading, all packaged within an intuitive, user-friendly interface.
Designed to be the ideal gateway for MultiversX users into the world of DeFi, DX25 provides a novel market that supports staking, swapping, and derivatives trading, ushering in a new era of decentralized finance.
Behind the development of DX25 is Tacans Labs, the DeFi builder arm of Switzerland-based Tacans AG, comprising a dedicated team of over 40 professionals dedicated to refining and promoting the platform.
The project successfully secured initial funding of $750,000 from private investors specializing in decentralized finance (DeFi).
