Palmswap v1 is live on Testnet!

Palmswap
2 min readFeb 6, 2022

Our testnet is actively used for testing - expect to see bugs, errors and/or catastrophic loss of monopoly money

The goal of the launch on Testnet
The ETH-USDT Perpetual Market is live on Testnet since the start of February. The goal of the Testnet is to fix all weaknesses and to collect product feedback at an early stage and if necessary to implement new ideas.

We release the product for more users gradually. The testing phases have been divided into 2 stages. What exactly is tested in which phase you are able to find here: Test phases & Bug reports

Test with us v1 on Testnet:
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Market Buy / Sell
- Ordertypes (Limit Order, Take Profit, Stoploss)
- Leverage
- Liquidations
- ADD/REDUCE Margin
- Fundingpayments

What do I have to do to participate in the testnet?
1. Integrate Binance smart chain test network with Metamask
2. Apply for test tokens and import tokens
3. Deposit on DEX and trade with leverage

👉 Step by step guide (click)

Palmswap builds on your feedback
Behind every piece of advice there could be a thought-provoking push for a gigantic idea. During the testnet we will take a close look at all suggestions and wishes and implement those that are important for us perpetual traders.

Is there a reward?
In the past weeks a whitelist competition was held and 750 wallets were whitelisted. Those wallets will be rewarded with 1333 PALM tokens per wallet at TGE.

When will v1 be launched?
We aim to release the mainnet at the beginning of April. Here all features like tradingcycles and tokenomics will be available. We are trying to make all minor interface adjustments in the testing phase and launch on the mainnet as soon as possible.

We invite the community to get involved in the early development of Palmswap and participate on Testnet.

We are incredibly excited for you to try it out! Now let’s build the future of Perpetuals.

Join us now: Telegram | Discord | Twitter

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Palmswap

Palmswap is a decentralized perpetual protocol built on Binance Smart Chain.