When Testnet, When Whitelist?
Find the answers in the article. Participate and Earn Palm tokens!
We are excited to welcome 750 users to the launch on the BSC-Testnet on January 15th. The BTC and ETH perpetual market launches on the Testnet and will be available to all test users. The goal of the release on the Testnet is to work out all kinds of bugs and gather early product feedback. Upon completion of the Testnet round, the product will be released to further users on the Mainnet.
A total amount of 1,000,000 PALM tokens will be allocated among all participants. The entire tokens will be released 100% at TGE, without vesting.
How can you participate in the trial on the testnet?
You can sign up for Whitelisting. You will find the link in our Community Channels and on the website directly on the start page from the 07th of January. Make sure to maintain the BEP20 wallet address you have entered for Whitelisting, as participation will only be valid with this address.
The process is as follows:
- You will receive BEP20 USDT tokens sent to your wallet (Test Tokens).
- You must place a minimum of 2 trade
- If you find errors or have suggestions for improvement, you can share them with us on Discord in the section “Testnet Feedback”.
- You will receive your tokens from the prize pool at the TGE (Token generation event) on the address you have registered.
Trials on Testnet will start on January 15th (SAT) and are expected to end on February 10th (THU).
The Perpetual Market on the Testnet
The BTC & ETH Perpetual offers 10x leverage on both assets (long or short). A periodic funding rate paid between long and short positions keeps the contract price tied to the underlying asset. Some important things to keep in mind on the Testnet:
The spread on the Testnet will be significantly higher than later on the Mainnet, so arbitrageurs can easily spot their price impact.
The price of the particular asset may differ from the real price on Testnet, as market making and arbitrage is done with few Test Tokens and not actively.
Please do not forget to submit your feedback to us, only this way we can create the best product for you.