Join Our Mailing List
Sunday February 05, 2023
Bitcoin (BTC) $23,327.25   Ethereum (ETH) $1,664.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Assets

PAXO Finance Launches An Incentivized Testnet: Reward 200,000 PAXO tokens

PAXO is a decentralized protocol that opens up under collateralized borrowing and lending options in the DeFi space...

Published by CryptoNinjas.net
06/14/2022
PAXO Finance Launches An Incentivized Testnet: Reward 200,000 PAXO tokens

PAXO Finance, a blockchain-agnostic and decentralized undercollateralized money market protocol, is proud to announce the launch of the first Incentivized Testnet program that will run for 30 days, scheduled to begin from May 27, 2022, to June 26, 2022, on Polygon.

In the spirit of community and decentralized governance, this Incentivized Testnet will be open to all users.

The program aims to get as many users as possible to test the protocol and submit their feedback which will go a long way in refining PAXO Finance’s core product offering, and shaping the project’s roadmap.

“PAXO Finance is building a decentralized money market protocol and ahead of its mainnet launch, getting valuable feedback from the community is critical for further enhancement in security, features, and user interface. This Incentivized Testnet is a ticket for all users to rigorously try our dApp all while getting paid to do so. More than 20,000 users have tried our testnet since the campaign launch just a few days ago,” said Pranjal Prashar, the co-founder of PAXO Finance.

Qualifying participants will receive 50 test USDC to try the protocol. To join the program is simple and requires completing simple one-minute tasks. Interested users should:

  1. Follow @paxo.finance on Twitter
  2. Retweet the PAXO Finance Testnet Competition tweet
  3. Join the Paxo Telegram community
  4. Visit Paxo testnet and request tokens on <PAXO testnet link>

After completing the above steps, qualified users will receive 50 test USDC to start the competition.

These test tokens are non-transferable, and users can’t receive test USDC from external addresses. To maximize their chances of winning, users are urged to explore and test all PAXO Finance’s functionalities during the one-month test period.

Additionally, participants are requested to create new USDC addresses for this incentivized testnet program. This ensures that the user’s address is empty and is registered as unique to the PAXO Finance testnet.

The top-200 participants will cumulatively win a total prize of 200,000 tokens.

PAXO Finance will announce winners on July 6, 2022, and distribute rewards after the protocol’s Token Generation Event (TGE).

In total, PAXO Finance will generate 200,000 PAXO tokens and distribute them to winners as follows:

  • 1st-50th place: each winner will receive 2,000 PAXO tokens.
  • 51st-100th place: each winner will receive 1,000 PAXO tokens.
  • 101st-200th place: each winner will receive 500 PAXO tokens

A PAXO Finance Referral Program will also run concurrently during the incentivized testnet period. Referrals stand to win 50 PAXO tokens rewards.

Users interested in being part of the referral program must first register and participate in the main Incentivized Testnet program. The referred person also needs to use the testnet functions in order to be eligible for a referral reward.

Each referral will receive 50 PAXO tokens set to be distributed with the competition’s prize. All referees registering for the program must submit the Twitter handle’s name of the referring account to be eligible.

Moreover, the referred user must make at least one transaction during the testnet period for the referral to receive fees.

Learn more about PAXO Finance from the white paper.

For more information about PAXO Finance, please visit:

  • Website: https://paxo.finance/
  • Twitter: https://twitter.com/paxofinance/
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder...

Read more

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered...

Read more

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages...

Read more

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy