[LIVE] 🐬SoonSwap launching Final PUBLIC Testnet
FINAL ROUND of SoonSwap Public Testnet has finally arrived. This event will be the last opportunity for users to experience SoonSwap NFT marketplace and test its features while earning $SOON rewards before the mainnet launches.
Rewards
The Zealy/Crew3 XP will be representing a certain amount of $SOON tokens. The completion of the testing tasks on SoonSwap Testnet determines the actual amount of $SOON tokens represented by your earned XP.
Rules
To earn rewards in this testnet event, users need to accumulate XP on our partner platform Zealy/Crew3. In addition, users are required to test 11 specified tasks. Please try to complete all testing tasks to win full $SOON represented by the XP you have accumulated on Zealy.
How to participate?
Below is full Guide/Tutorial how about to participate in SoonSwap testnet.
1. Go to https://zealy.io/c/soonswapofficial/invite/-6G7SE0ROC5JP7KL-o0nW
2. Complete Zealy quests to accumulate XP
3. Go to https://test.soonswap.xyz/
4. Complete the specified 11 testing tasks. Details👇 https://medium.com/soonswap/soonswap-testnet-user-guide-2690b734c4a4
5. Check your task progress here https://test.soonswap.xyz/publicTest
Deadline of FINAL testnet
8 May, 2023 at 10AM UTC
Full details: https://medium.com/soonswap/the-final-round-of-soonswap-public-testnet-is-live-cedc4de288aa
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Introduction About 🐬SoonSwap
SoonSwap is a decentralized AMM NFT marketplace with high community participation and leadership, using the matching mechanism of order-book and AMM liquidity pool to introduce optimized liquidity markets to NFT assets to enable better pricing discovery mechanisms and make trading of NFT assets easier and more efficient. $SOON is the only certificate for community participating in governance and rewards its holders with a protocol revenue buying back model.
Functions of SoonSwap
1. Collection Trading Pairs
2. Sell NFTs
• Sell NFTs directly to the liquidity pool
• List NFTs as limit orders
3. Buy NFTs
• Buy NFTs directly from the liquidity pool
• Make a collection offer
4. Pools
5. Add / Remove Liquidity from the Pools
6. Farms
7. Launchpad
Full details: https://medium.com/soonswap/soonswap-introduction-a-decentralized-amm-nft-marketplace-a78a3928de37
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Token Utility of $SOON Token: the Native Token of SoonSwap
Utility
1. Governance
2. Transaction Fees
3. Earning Protocol Revenue
4. Liquidity Incentives
Details
SoonSwap is a decentralized AMM NFT marketplace with high community participation and leadership, and $SOON is a certificate for community participating in governance and rewards its holders with a protocol revenue buying back model.
1. Governance
In addition to governing the protocol, $SOON holders can also enjoy additional rewards.
~ $SOON holders can vote on governance proposals and on the allocation of liquidity incentives.
~ $SOON holders can initiate upgrade proposals, such as adjusting transaction fees, auction rules, incentive of liquidity pools, and long-term incentive plans for $SOON.
~ For creators, if they intend to launch a new collection on SoonSwap, the collection needs to be voted by $SOON holders and meet the minimum number of votes before officially online.
2. Transaction Fee
Users who provide liquidity to any $SOON-NFT pairs can earn swap fees from the associated pool(s). At least 2.5% of the transaction fees is deducted from the payment in the Liquidity Pool(Liquidity Pool owners can set swap fees themselves when creating Liquidity Pools).
3. Earning Protocol Revenue
SoonSwap is a community based NFT marketplace and participants can stake $SOON to earn more $SOON as rewards. To control the inflation of $SOON token, 30% of all transaction fees generated by the SoonSwap marketplace will be used to buy back and burn $SOON tokens until the total amount of $SOON tokens is reduced to half of the total supply(Total supply of $SOON:1 billion).
4. Liquidity Incentive
Users can add liquidity to the LP pools to get LP tokens, and they can stake their LP tokens into corresponding farms to earn additional revenue.
Full details: https://medium.com/soonswap/token-utility-of-soon-the-native-token-of-soonswap-84f786a129fb
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📒Official Links
Website: https://www.soonswap.xyz/
Twitter: https://twitter.com/soonswap
Telegram: https://t.me/soonswap_official
Discord: https://discord.gg/soonswap
Youtube: https://m.youtube.com/channel/UCKrWjg-p90XHJ5NAqNhCTZw
Linktree: https://linktr.ee/soonswap
Created/Edited By:
Cryptoairdropstoday/CH/CorneliusHansel
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