Alisa Davidson
Printed: June 16, 2025 at 10:25 am Up to date: June 16, 2025 at 10:25 am
Edited and fact-checked:
June 16, 2025 at 10:25 am
In Temporary
SoSoValue has launched the testnet for its new on-chain buying and selling platform SoDEX and opened whitelist registration for a rewards-based incentive program providing 1 million SOSO tokens to contributors.
Cryptocurrency knowledge and analysis supplier, SoSoValue introduced the activation of the testnet for its new SoDEX buying and selling chain, inviting customers to affix the whitelist for early entry.Â
SoDEX is designed to facilitate on-chain order ebook buying and selling throughout each spot and derivatives markets and is developed on ValueChain, SoSoValue’s proprietary Layer 1 blockchain. The platform goals to ship a streamlined buying and selling expertise suited to skilled market makers and customers with conventional buying and selling expertise, whereas remaining accessible to people new to decentralized finance.
SoDEX integrates buying and selling and analysis right into a unified interface, aiming to eradicate the obstacles between liquidity and market insights. It options an intuitive order ebook person interface designed to help first-time customers. The platform prioritizes asset safety via alignment with present regulatory frameworks and partnerships with institutional-grade custodians. As a completely on-chain answer, SoDEX provides clear, decentralized, and cross-border buying and selling powered by blockchain know-how.
Positioned as a demand-driven answer, SoDEX is promoted as greater than only a high-performance buying and selling platform; it’s offered as a foundational software meant to broaden entry to next-generation monetary infrastructure. The underlying ValueChain is optimized for financial-grade functions and is engineered with capabilities resembling excessive throughput, compatibility with a number of blockchain networks, and modular scalability. It’s composed of an EVM-compatible system chain and high-performance software chains, which collectively assist a safe, environment friendly, and scalable infrastructure tailor-made to fulfill the wants of decentralized buying and selling platforms like SoDEX.
SoSoValue Launches SoDEX Testnet Incentive Program With 1M SOSO Tokens For Whitelisted Contributors
A complete of 1,000,000 SOSO tokens might be allotted to contributors within the testnet part. Participation within the testnet is proscribed to people who’ve been authorized via the whitelist course of. Rewards might be distributed based mostly on a factors system, which tracks person exercise all through the testing part.
Factors may be accrued via varied means, together with the completion of assigned check duties and the submission of legitimate bug reviews. Moreover, customers who show increased buying and selling volumes and optimistic revenue and loss (PnL) metrics might be eligible to extend their level totals.
Rewards are scheduled to be distributed upon the conclusion of the testing part. To be thought-about for whitelist approval, potential contributors are suggested to affix the designated official Telegram group for candidates. Throughout the group, people might want to full and submit the whitelist software kind, which is accessible as a pinned message.
Through the testing part, contributors might be required to finish a number of onboarding and trading-related steps. These embrace connecting a appropriate cryptocurrency pockets and configuring it to assist the ValueChain community in accordance with the supplied setup directions. Take a look at tokens can then be claimed via the designated faucet mechanism. As soon as the tokens are acquired, customers should switch them from their Funding Account to their Spot Account.
As a way to start accumulating factors, customers should interact in buying and selling exercise involving a minimal of ten totally different spot buying and selling pairs, with the entire transaction quantity exceeding the equal of 100,000 USDC. Figuring out and reporting bugs by way of the official submission kind can be inspired, because it contributes to level accumulation. Rankings on the leaderboard might be decided based mostly on each buying and selling quantity and realized revenue and loss efficiency all through the check interval.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
