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 individuals.
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 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 limitations 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 means of alignment with present regulatory frameworks and partnerships with institutional-grade custodians. As a completely on-chain answer, SoDEX presents 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 introduced as a foundational software meant to broaden entry to next-generation monetary infrastructure. The underlying ValueChain is optimized for financial-grade purposes 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 software 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 individuals within the testnet part. Participation within the testnet is proscribed to people who’ve been authorised by means of the whitelist course of. Rewards will probably be distributed based mostly on a factors system, which tracks person exercise all through the testing part.
Factors will be collected by means of varied means, together with the completion of assigned check duties and the submission of legitimate bug experiences. Moreover, customers who display greater 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 part. To be thought of for whitelist approval, potential individuals are suggested to hitch the designated official Telegram group for candidates. Throughout the group, people might want to full and submit the whitelist software kind, which is out there as a pinned message.
Through the testing part, individuals 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 means of the designated faucet mechanism. As soon as the tokens are acquired, customers should switch them from their Funding Account to their Spot Account.
So as 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 whole 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 based mostly on each buying and selling quantity and realized revenue and loss efficiency all through the check interval.
Disclaimer
According to the Belief Undertaking pointers, please be aware that the data supplied on this web page isn’t meant to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or some other type of recommendation. You will need to solely make investments what you possibly can afford to lose and to hunt impartial monetary recommendation if in case you have any doubts. For additional info, we propose referring to the phrases and situations in addition to the assistance and help pages supplied by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market situations are topic to vary with out discover.
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 traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
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 traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
