MonoX Deployed to Mumbai Testnet (Polygon)
We recently announced our exciting collaboration with Ethereum’s Internet of Blockchains — Polygon. Polygon (formerly Matic Network) is a framework for building interoperable blockchain networks on Ethereum.
MonoX aims to take advantage of the increased scalability, low gas fees and faster transaction speeds that the Polygon protocol offers. In doing so, we aim to provide our community with an improved user experience.
🛬 We landed in Mumbai
Today we are thrilled to invite our users to test out our product on Polygon’s testnet; Mumbai.
A $20,000 reward pool of $MONO will be distributed amongst participants for engaging in various activities. This is the same pool as the original Kovan Pool for Mumbai testers.
Eligibility: Anybody is open to participate.
Duration: The testing period will continue UNTIL JULY 4TH. We have extended the initial period we users have enough time to participate on Mumbai.
How to use Polygon Testnet
Connecting your Metamask to the Mumbai Testnet in preparation for the MonoX Polygon Bug Bounty Program.
**EDIT** Use the below Testnet Network. Some of Polygon’s RPCs are not stable.
https://matic-mumbai.chainstacklabs.com/
Signing Up
To take part and be considered for the reward pool please sign up for the Testnet here
What is Mumbai Testnet?
Mumbai Testnet is a testnet for Polygon protocol. As MonoX is set to launch on both the Ethereum Mainnet and Polygon (Matic Network), so our bug bounty program will be available on both the Kovan Testnet and Mumbai Testnet.
Adding Mumbai Testnet to your Metamask
Mumbai Testnet is not enabled by default on Metamask. As such, you will need to add it as one of the connected networks.
To connect to the Mumbai, start by doing the following:
Step 1: Login to your wallet and click on the dropdown selection of networks
Step 2: Select on “Custom RPC” at the bottom
Step 3: Fill in the parameters as follows
· Network Name: Mumbai
· New RPC URL: Use this link, not the one in the screenshots -> https://matic-mumbai.chainstacklabs.com/
· Chain ID: 80001
· Currency Symbol: MATIC
· Block Explorer URL: https://explorer-mumbai.maticvigil.com/
Step 4: Click “Save” and it’s completed.
Alternative Way to Connect to the Mumbai Testnet
Step 1: Visit https://chainlist.org/
Step 2: Search for “Mumbai” using the search bar located at the top.
Step 3: Click on “Connect Wallet” to connect your Metamask
Step 4: Click on “Add To Metamask” and you’re good to go
Connecting MonoX with Mumbai
- Proceed to https://beta.monox.finance/
- Click on the “Connect Wallet” button located at the top right corner and select your wallet you wish to connect with.
- Upon successful connecting to your wallet, the Kovan Icon and your wallet address will be displayed.
You will need to click on the Kovan Icon and switch to the Mumbai Network.
Proceed to the Polygon Faucet in order to get some Mumbai MATIC for testing.
- Proceed to: https://faucet.matic.network/
Activities
- Adding Liquidity ($MATIC)
- Removing Liquidity ($MATIC)
- Swap $MATIC for $MONO
- Add Liquidity for a new token
PARTICIPANTS ARE NOT LIMITED TO THE ABOVE ACTIVITIES.
PARTICIPANTS ARE FREE TO EXPLORE THE TESTNET AND ENGAGE IN OTHER ACTIVITIES AND WE ENCOURAGE YOU TO DO SO.
THE ABOVE ACTIVITIES ARE BASIC KEY FUNCTIONALTIES TO HELP YOU GET STARTED
Read more about the incentivized testnet here
Scoring
Tokens will be weighted by the kind of bugs found by the community, rated from low, medium to high importance.
- Non critical Bugs (UX and UI) — LOW
- Smart Contract Related — MEDIUM
- Critical (loss of funds) — HIGH
🚨 The more rare the bug that is found the larger the share of the pool users will recieve.
To give your feedback please fill out the form here.
About MonoX
MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin, to offer a single token pool design.
MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.
📱 Stay Connected
Follow our official social media accounts and visit our website to stay up to date.
Website | Documentation | Twitter | Telegram
🚨 IMPORTANT
Be careful of fake Telegram groups, and Twitter accounts trying to impersonate MonoX. $MONO tokens ARE NOT in circulation.
Always verify that you are on our official Twitter page, Telegram group, or website.
