Welcome back guys! Today, we're focusing on some must-join testnets that are heating up right now.
These testnets offer you a chance to be an early adopter, explore cutting-edge technology, and potentially earn some serious rewards.
So, grab your popcorn, get comfortable, and let's get started, or who doesn't want some free rewards?
By the way, if you're interested in learning about DeFi and discovering innovative projects, you may want to check out our 'Mastering DeFi' course. It's designed to help you understand DeFi in a fun and easy way, with lessons that you can access immediately. Now let's get started!
Before we dive into the specific testnets, let's quickly cover what a testnet is. A testnet is a replica of a blockchain network that's used for testing and development.
It's a sandbox environment where developers can experiment with new features, protocols, and applications without affecting the mainnet, which is the live version of the network.
Many testnets offer incentives like airdrops, tokens, or NFTs to reward early participants. Now, let's explore some of the most promising testnets currently available.
We would start with intia. Initia is a modular Rollup integrated Layer 1 public chain project founded by former LUNA employees, aiming to eliminate the fragmented experience of multi-chain systems through vertical integration of technology stacks. The project uses Cosmos SDK and Celestia data availability layer (DA).
Initia recently completed a $7.5 million seed round of financing, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, A.Capital, BigBrain Holdings, etc.
Angel investors include Cobie, DCF GOD, Zaheer Ebtikar and other well-known figures in the crypto field, when we hear investors like these, we know they are in for some serious work.
Another core element of Initia is that it has what it calls enshrined liquidity. This provides native liquidity at the heart of the Initia network, making it easier for users to swap tokens when moving between Layer 2 networks.
To engage with the Initia testnet, follow these steps: Download and install the official Initia Wallet extension from the Chrome Web Store.
Open the Initia Wallet extension and create a new wallet using either social login or a mnemonic phrase.
If you chose to use a mnemonic phrase, make sure to save it somewhere safe. This phrase is essential for recovering your wallet if you lose access to it, i'm sure you all understand.
Visit the Initia testnet faucet and follow the instructions to receive testnet tokens.
Connect your wallet to the Initia App.
Explore and interact with the testnet, so, once connected, you can start exploring the various features of the Initia testnet.
Up next we have morph L2. Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero-knowledge rollup technology to enable a user-friendly option for developers who require a chain on which to build finance, gaming, social media, and entertainment apps.
From a technical stance, Morph has focused on blockchain’s trilemma problem—how to balance decentralization, safety, and scalability.
Morph announced a $19 million seed round led by Dragonfly Capital on March 20, 2024. Participating in the Morph L2 Testnet airdrop requires no investment, and offers the potential to earn significant returns. For Morph Network Testnet Guide, get the Testnet ETH
Add Morph L2 Network to your Wallet, Bridge ETH to Morph L2, Perform Transactions on Morph L2 (Farming Airdrop Points).
Reverse Bridge ETH back to Sepolia Network but this is optional.
You can participate in the Galxe Campaign this is also optional, and you can join Ambassador Program which is also optional.
Use MoreLogin to manage multiple browser windows for interacting with the testnet more efficiently. Continue to perform transactions on the testnet regularly. Maintaining daily activity can potentially increase your airdrop earnings.
By following these steps, you can effectively participate in the Morph L2 Testnet airdrop with no initial investment.
The third testnet in this video would be Particle network. Particle Network was originally developed as a Web3 infrastructure project, providing protocols with a zero-disclosure internal wallet function.
Earlier the team presented its modular L1 network and launched the second phase of the testnet, in which we have to farm PARTI points.
The project has attracted investments worth $23.8 million from funds such as The Spartan Group, HashKey Capital, Animoca Brands and others.
Joining Particle Network, Visit Particle Pioneer Program and click ‘Join Now’, Connect via social accounts or blockchain wallets.
Link Twitter and Discord, enhance your network engagement by linking your social platforms.
Complete Tasks, you should engage in various platform tasks that might require a small gas fee.
Earn points by regular participation. Use the initial wallet to transfer to your Particle wallet address, supporting up to 100 daily transactions.
Reach certain thresholds to mint NFTs, enhancing your rewards and overall airdrop benefits.
All activities take place on the testnet, so they do not require monetary costs. The project confirmed the drop in its X (Twitter), so you should not miss the opportunity to get it for completing simple tasks. If you are enjoying this video, let us know your thoughts in the comments.
The 4th testnet project on this list is Plume network. The Plume network gives you access to parental controls, Adaptive Wi-Fi, AI-driven Optimization, advanced threat protection, and the freedom to monitor your network away from home using the Plume App. This is an innovative project actually, I'm totally blown away. Let's continue.
For the testnet, you need to complete Social Tasks:
Go to the Plume Network website and complete the social tasks listed under the " Earn Miles" tab. This typically involves following or subscribing to the project on social media platforms.
Request test ETH and Goon tokens from the provided faucets. Use a decentralized exchange like Ambient to swap Goon tokens for goonUSD.
Stake the received goonUSD tokens on the Plume Network platform and then repeat Tasks:
For maximum rewards, repeat these steps every day and complete any additional tasks listed on the Galxe platform.
Complete tasks on Galxe to earn additional miles.
Access the second phase of the incentivized Plume testnet (if available). Complete tasks to earn miles, which may be converted into tokens.
The Plume Network raised a total of $10 million in funding. This money was raised from various investors, including: Galaxy, Haun Ventures and a_capital.
These investors are known for their involvement in the blockchain and cryptocurrency space, and their support for Plume Network indicates their confidence in the project's potential.
The raised funds will be used to further develop the Plume Network platform and expand its capabilities. This includes investing in research and development, marketing, and partnerships.
The last test net project we would be discussing will be nubit. Founded by UCSB professor Yu Feng, Nubit leverages Bitcoin’s economic security to create a highly secure and scalable data availability layer.
With substantial funding, including a major seed round led by Polychain Capital, and the integration of Zero-Knowledge technology, Nubit advances blockchain scalability to support unlimited applications in AI, SocialFi, and GameFi, etc.
Nubit’s innovative solutions unlock new possibilities across various sectors, ensuring unparalleled trust and reliability. As a leader in Bitcoin Season 2, Nubit has integrated its technology with major industry players and extends support to leading Layer 2 frameworks.
To engage in their testnet, Log into the Alpha Testnet Campaign with your Nubit testnet address through Keplr or Tomo wallet.
Check your points and tasks from Phases 1 & 2.
Connect your Telegram account.
Play, enjoy, and win points! Good luck!
The entire Nubit testnet Phase 3 will span months, divided into multiple cycles. Each cycle will offer new and exciting product experiences that showcase Nubit’s top-tier adaptability as a Bitcoin-powered Data Availability Layer.
That was a whirlwind tour of some exciting testnets happening right now, make sure to check them out and don't miss out on them, we have given you all the update, its your turn to utilize the information.
These testnets offer a chance to explore cutting-edge blockchain projects and potentially earn rewards. Remember, these are testnets, so don't invest real money unless you fully understand the risks.
If you enjoyed learning about these testnets, hit that like button and subscribe for more crypto content! We'd also love to hear your thoughts in the comments below. What testnets are you most excited about?
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