🤑 ZKX launched the 2nd phase of the testnet with rewards
ZKX is a perpetual futures DEX built on Starknet. The goal of ZKX is to create a decentralized and permissionless infrastructure for derivatives trading on Layer 2.
ZKX has raised $4.5 million in investments from the following funds:
Recently, ZKX announced the second phase of the testnet, which will include more than 40 tasks. The following rewards await participants for participating in the testnet:
Deadline: 14 April 2023
Testing
1) Get test ETH in faucet 1 or faucet 2 .
2) Go to the application and connect the wallet:
3) Platform testing. If you know how to put Long, Short and perform other operations in the DEX, then you can test the platform yourself and go straight to step 9 . And if you are a beginner, then below I will tell you the basic device of a decentralized exchange.
On the left, click on the Trade tab . In the upper right corner, you can select the level of experience: Standard (Standard), Advanced (Advanced), Professional (Professional):
The standard level is designed for beginner traders and shows the chart and order book.
The advanced level is for intermediate and advanced traders and allows traders to view the order book and their trades on the left side of the screen. This feature allows traders to make informed decisions based on data analysis.
The professional level is for well-versed market-oriented traders and traders can view a larger chart with options to study and analyze losing trades.
4) When we created a testnet account using our wallet, a ZKX Layer2 account was automatically created with a balance of 10,000 USDC .
The deposit feature is not currently operational.
The order panel on the right side offers 6 different order types: Limit, Market, Stop Limit, Stop Market, Take Profit Limit and Take Profit Market.
The initial markets are BTC and ETH, but other digital assets can be added as well.
Each market allows for both long and short positions.
There is also a sliding leverage which is determined by risk and margin management, up to a maximum of 20x.
5) Below you can view your positions, orders, fillings (Orders) :
The Positions tab displays your current holdings on ZKX. There are two types of positions: Long (long) and Short (short).
Long positions make money when the price increases but lose when the price decreases. Short positions, on the contrary, generate income when the price falls.
6) In the center you can see real-time price charts (Price) :
- The toolbox on the left side of the chart allows users to add technical indicators such as trendlines and Fibonacci ratios, as well as markers.
- The top toolbar allows users to switch chart types such as candles or lines and add overlays.
- The chart can be customized by clicking the Settings icon.
7) Order Book is a digital list of buy and sell orders:
- Buy orders show price offers and the number of tokens that users would like to purchase.
- Sell orders show offers and the price at which users would like to sell tokens.
- In the order history, you can see all the transactions that took place in the past.
8) In the Details tab , you can see the key details about the market:
9) After testing the platform, we enter Discord and go through verification. After that, we perform all kinds of tasks in Zealy (former Crew3).
Although there is no information about the tokenomics yet, the level in Zealy will affect the drop.
There are 4 levels:
Rank 1 - 500 - OG L1
501 - 2500 - OG L2
2501 - 7500 - OG L3
> 7501 - no rewards
Each level represents a different role, it is best to enter the top 2500 to ensure guaranteed rewards!
You can also fill out an ambassador form .