OpenSwap x GMX: Bridge Founder Testnet Side Quest!
For those who have been following us, you’d be aware that GMX joined the OpenSwap Bridge Founder Program. Unlike how we traditionally reward Bridge Founders’ community through AMA rewards, this time we wish to try something new, more interactive, more rewarding, and super exciting!
For better user education on how OpenSwap’s ANY-to-ANY Single Asset Crosschain Bridge can help $GMX tap into additional liquidity upon mainnet rollout, this time we will distribute $OSWAP rewards through a Side Quest event!
Side Quest terms are as follows:
- Submit both Twitter and Telegram Handles
- Follow us on Twitter, Telegram, and Medium
- Comment on this Tweet by tagging @openswapdex, @GMX_IO, @avalancheavax, @ethereum, @BNBCHAIN, and #crosschainbridge #bridgefounder
- Conduct a crosschain swap (with $GMX token) on our testnet site and submit your txn.
- (Optional) Tell us what you think about our technology
- Support OpenSwap by joining our communities
You can fill in the form here after you have completed all the tasks. We will be randomly picking 50 winners to split the 25000 $OSWAP rewards!
* In case of disputes or unpredicted events, OpenSwap reserves the right to change, amend, reinterpret, suspend, and/or terminate this Side Quest event at any time with or without prior notice.
Tutorial for Crosschain Swapping $GMX:
Step 1. Adding the network to Metamask
Simply click the network button on the top bar and select a network; a prompt will pop up on Metamask. Click approve and the network will be added to your Metamask automatically. Change the network to Avalanche Fuji C-Chain testnet so that no real funds are used.
Currently, our bridge supports Kovan (ETH testnet), BNB ChainTestnet and Avalanche FUJI C-Chain (AVAX testnet). Other wallets might not be supported as of this moment so Metamask is recommended for trial.
Step 2. Getting testnet tokens from faucets
Simply go to these sites and get testnet tokens. We recommend getting some testnet BNB to get started. You will also need these tokens for gas fees later on.
Step 3. Select “BSC” as the Source chain and “AVAX” as the Destination Chain
Step 4. Select GMX Token from the destination chain token list
Step 5. Approve and confirm the transaction
Step 6. Review the record
GMX is a decentralized on-chain spot and perpetual exchange that supports low swap fees and zero price impact trades, Users can trade BTC, ETH, and AVAX with up to 30x leverage and fair chainlink priced liquidations directly from their Avalanche and Arbitrum Metamask wallets. The platform is supported by GLP, our diversified multi-asset Liquidity pool which earns high passive yields by providing liquidity to traders. The GMX token provides governance for the platform and when staked earns a share of 30% of protocol fees.
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and a single asset cross-chain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a greater OpenSwap ecosystem that will become every crypto project’s BFF through a set of key offerings that will empower teams to establish funding and sustained token health, allowing teams to focus on what they do best — BUIDL.