New version — Flash Trade on swaps.io (demo)
The Kinetex Ambassador Program will consist of six parts: Media Program, Aggregation Mode Testing, Testnet, Bug Bounty, Gas Refund Program, and Gasless Testing.
Let's dive deeper into Testnet, which will concentrate on the upcoming cutting-edge mode of the Kinetex dApp - Flash Trade. This part will hopefully motivate Kinetex users to test Flash Trade, assisting the dev team in making sure that this mode is entirely functional, safe, and effective.
Testnet is an essential tool that will aid in testing Flash Trade before its deployment on the mainnet. This testing process will encourage users to create a significant load on the system, revealing any bugs or vulnerabilities the Kinetex development team must fix before the official launch. Since Testnet will take place in virtual networks, testers will not have to incur any expenses like gas fees while testing the Flash Trade protocol.
Participants will be able to test four different roles in Kinetex, which are essential for the Flash Trade protocol: Resolver, Worker, Liquidator, and User. Note that there are no restrictions on how many roles they can try.
Resolvers are market makers with their own liquidity that can also use liquidity from both DeFi and CeFi. They will fill user orders while profiting from different trading strategies.
Service workers will help to maintain protocol by setting up nodes and providing computing power for the Zero-knowledge technology used in the Flash Trade mode.
Liquidators search for unfilled orders that resolvers, for some reason, did not complete on time and fill them.
Lastly, users mint tokens and swap different assets across supported networks.
Thirty million exclusive NFTs have been created for the Kinetex Ambassador Program to reward participants and attract new members to Kinetex DAO.
Participants will complete tasks on Zealy and receive experience points that can then be exchanged for NFTs. NFT holders will be able to propose different ideas, discuss important updates and developments, collaborate with other members, and more.
Kinetex DAO has launched a special whitelist to make sure that all potential participants will be able to receive their rewards. Read more about the Kinetex DAO Programs and do not forget to sign up!
Kinetex DAO is waiting for you!
Kinetex Network: Website | Kinetex dApp
