El Dorado Exchange Alpha Test Net Event

By El Dorado Exchange | El Dorado Exchange | 28 Sep 2022

In order to showcase a viable proof of concept to the market, El Dorado Exchange (EDE) is hosting a public alpha-test for all those wanting to participate. Whilst there are no requirements for participating in the test net, EDE will airdrop $alphaEDE tokens to participants with the discord role of ‘OG’.

Test Net Details

The alpha test net will be conducted on the Test Net Network on the 30th of September, 2022. Participants will be able to access a faucet in order to collect relevant tokens required for trading, minting ELP, and accessing other functions available on the DApp.

As per our roadmap, the initial Perpetual Contract Exchange will be the subject of the alpha test net event. Participants will be able to test all features of the exchange and provide feedback & get acquainted with relevant offerings of the EDE protocol.

Note: The test net will either be conducted on the BNB or AVAX test network. We will notify you in the next few days when this decision has been made.

Participation Rewards

As mentioned earlier, we wish to encourage members of our community with the rank ‘OG’ to participate in testing.. Therefore, we will be collecting wallet addresses of those with the rank ‘OG’ in our discord, and members who participate in the public test net event will be airdropped $alphaEDE tokens shortly after the official launch of the project.

In addition, for those who participate in the test net and create relevant tutorials or informational videos about the protocol, we will appraise the quality of their work and provide additional $alphaEDE airdrops for their submission.

Bug Bounty Reward

To further incentivize testing and ensure any relevant security flaw at the contract level is identified, any participant who identifies a significant security flaw with the protocol will be rewarded $alphaEDE tokens, depending on the severity of the issue identified.

How to become an OG?

For those who don’t currently possess the discord rank ‘OG’, there are several ways this can be easily obtained. These are:

Discord Server Booster — The next 50 members to boost the server will be granted the rank ‘OG’.
Level 10 discord rank — Active server members with a discord rank of 10 or higher will be granted the ‘OG’ role.
Discord invites — The top 15 users with the highest invites by Thursday 29th of September will receive OG.
TikTok or Youtube shorts promoter — Any individual who releases a short TikTok or Youtube shorts video about EDE will receive the rank ‘OG’ after submitting proof. Standout & exceptional videos will be rewarded with additional $USDC tokens ($20 — $500).

Note: If you are caught abusing either the inviting using J4J tactics or incessantly spamming the discord to level up, you will receive consequences for your actions and be disqualified from the OG role.

More details will be released over the following days regarding our test net event. Stay tuned for more details and we look forward to showcasing stage one of the El Dorado Exchange protocol!