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 information and analysis supplier, SoSoValue introduced the activation of the testnet for its new SoDEX buying and selling chain, inviting customers to hitch the whitelist for early entry.Â
SoDEX is designed to facilitate on-chain order guide 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 remove the limitations between liquidity and market insights. It options an intuitive order guide consumer interface designed to help first-time customers. The platform prioritizes asset safety by way of alignment with present regulatory frameworks and partnerships with institutional-grade custodians. As a totally on-chain resolution, SoDEX affords clear, decentralized, and cross-border buying and selling powered by blockchain expertise.
Positioned as a demand-driven resolution, SoDEX is promoted as greater than only a high-performance buying and selling platform; it’s offered as a foundational utility meant to broaden entry to next-generation monetary infrastructure. The underlying ValueChain is optimized for financial-grade functions and is engineered with capabilities similar to excessive throughput, compatibility with a number of blockchain networks, and modular scalability. It’s composed of an EVM-compatible system chain and high-performance utility chains, which collectively help a safe, environment friendly, and scalable infrastructure tailor-made to satisfy 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 will probably be allotted to contributors within the testnet section. Participation within the testnet is proscribed to people who’ve been authorised by way of the whitelist course of. Rewards will probably be distributed based mostly on a factors system, which tracks consumer exercise all through the testing section.
Factors will be amassed by way of numerous means, together with the completion of assigned take a look at duties and the submission of legitimate bug studies. Moreover, customers who display increased buying and selling volumes and optimistic revenue and loss (PnL) metrics will probably be eligible to extend their level totals.
Rewards are scheduled to be distributed upon the conclusion of the testing section. To be thought of for whitelist approval, potential contributors are suggested to hitch the designated official Telegram group for candidates. Throughout the group, people might want to full and submit the whitelist utility type, which is out there as a pinned message.
In the course of the testing section, contributors will probably be required to finish a number of onboarding and trading-related steps. These embrace connecting a appropriate cryptocurrency pockets and configuring it to help the ValueChain community in accordance with the supplied setup directions. Check tokens can then be claimed by way of the designated faucet mechanism. As soon as the tokens are acquired, customers should switch them from their Funding Account to their Spot Account.
With a purpose to start accumulating factors, customers should have interaction in buying and selling exercise involving a minimal of ten completely different spot buying and selling pairs, with the full transaction quantity exceeding the equal of 100,000 USDC. Figuring out and reporting bugs by way of the official submission type can also be inspired, because it contributes to level accumulation. Rankings on the leaderboard will probably be decided based mostly on each buying and selling quantity and realized revenue and loss efficiency all through the take a look at interval.
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on 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 have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on 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 have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
