Testnet is always a fertile land for newcomers in the crypto market who want to earn a portion of income without having to pay fees when there are projects that have airdropped thousands of dollars. In this article Weakhand will provide everyone with instructions to participate in the ParaDEX testnet, an Appchain using Starknet Stack technology.
Some other projects that can also be airdropped in the future that everyone should refer to:
- Retroactive DeBank Hunting Guide
- Retroactive Linea Network Mainnet Hunting Guide
- Retroactive LayerZero Hunting Guide
- Retroactive Hunting Guide Project zkSync Era
ParaDEX Overview
ParaDEX is a Layer 2 blockchain built on Ethereum and uses the Stacknet Stack tool to develop its project as an Appchain dedicated to derivatives trading activities. All user activities will be executed on Layer 2 and stored Off-chain, a transaction proof will be sent to Layer 1 for verification.
Although at the present time ParaDEX is being developed as a Layer 2 on Ethereum, in the future according to the direction initially set by StarkWare, it is likely that the project will move to a Layer 3 for Starknet, thereby reducing costs. transactions and transaction speed will be greatly reduced.
Because this is the first Appchain to use Starknet Stack technology, ParaDEX also receives very enthusiastic support from the Starknet construction team, so we can also expect that the project will inherit the tradition. from the StarkWave family with huge airdrops.
Instructions for Joining the ParaDEX Testnet
Step 1: Create an account on Layer 2
- Visit: https://app.testnet.paradex.trade/futures
- Connect to the Metamask wallet and sign the transaction to create a private key for L2.
Step 2: Deposit USDC testnet
- After creating an L2 account, everyone will have to wait until they receive a notification saying “Deposit to Paraclear available”.
- Access Portfolio -> select Deposit/Withdraw -> select Deposit to Paraclear to deposit USDC testnet into L2.
Step 3: Trade futures on ParaDEX
- Visit: https://app.testnet.paradex.trade/futures
- Conduct trading on this platform at least 10 different transactions.
Step 4: Send feedback to ParaDEX
- Access the form here.
- Submit feedback about errors or ParaDEX product experiences through the form.
Summary
Above are detailed instructions for participating in the ParaDEX testnet from Weakhand. Hopefully, through this article, everyone will receive an airdrop from the project in the future.
