Alisa Davidson
Revealed: 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 e-book 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 get rid of the obstacles between liquidity and market insights. It options an intuitive order e-book person interface designed to help first-time customers. The platform prioritizes asset safety by alignment with present regulatory frameworks and partnerships with institutional-grade custodians. As a totally on-chain resolution, SoDEX presents clear, decentralized, and cross-border buying and selling powered by blockchain know-how.
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 equivalent 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 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 will probably be allotted to contributors within the testnet section. Participation within the testnet is proscribed to people who’ve been accredited by the whitelist course of. Rewards will probably be distributed primarily based on a factors system, which tracks person exercise all through the testing section.
Factors may be accrued by numerous means, together with the completion of assigned take a look at duties and the submission of legitimate bug studies. Moreover, customers who reveal larger buying and selling volumes and constructive 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 affix the designated official Telegram group for candidates. Throughout the group, people might want to full and submit the whitelist utility kind, which is on the market as a pinned message.
Through the testing section, contributors will probably be required to finish a number of onboarding and trading-related steps. These embrace connecting a suitable cryptocurrency pockets and configuring it to help the ValueChain community in accordance with the supplied setup directions. Take a look at tokens can then be claimed by the designated faucet mechanism. As soon as the tokens are obtained, customers should switch them from their Funding Account to their Spot Account.
With a purpose 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 also be inspired, because it contributes to level accumulation. Rankings on the leaderboard will probably be decided primarily based 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 Writer
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 tendencies 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 tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
