👋 We’re gearing up to launch our V2 Testnet Event over the next week or so! Read this article to find out why you should get involved and some of the things you can expect, with a sneak preview of how you’ll be able to make your own leverage markets for any token and immediately earn 10% of all trading revenue generated by your market!
Testnets play a crucial role in the development of decentralized applications (Dapps) by providing a cost-effective and secure environment ready for testing - over the next week or two we’ll be launching ours!
In this comprehensive article, we will introduce the upcoming PRINT3R V2 testnet, its purpose, how you can create your own markets and how to can sign up for the whitelist so you can be among the first to make markets for anything and truly trade anything, anywhere in our PRINT3R V2 environment!
Are you ready to learn more about how we’re preparing to change the DeFi trading landscape and start trading anything with up to 1000X leverage and benefit from multiple faucets of revenue sharing in the PRINT3R testnet? Let's begin.
What is PRINT3R V2?
The new PRINT3R upgrade is a first of a kind in the crypto space, using the cutting edge tech of chainlink we’ve created an app where you can create leverage trading markets for any token on any chain! Want to trade the latest Solana memes, or the latest ETH tokens on Base with up to 1000X leverage? You can do just that!
🤔 How? Meet the market creation dashboard!
The Custom Market Dashboard is where all the action happens! This is where YOU a PRINT3R user can create a market, tradeable up to 1000X leverage for ANY token you can imagine. The best part? Every market you create you’ll automatically earn 10% of all revenue generated from trading it on PRINT3R!
Here’s how you can create your own market and start earning trading revenue:
1️⃣ When you visit the custom market dashboard for the first time, you’ll see a button that will let you ‘Create a new Market’
2️⃣ Once you click the create market button, you’ll see the create new market pop up, this will guide you through all of the simple steps required to get your market live and available on the PRINT3R dApp!
3️⃣ The first step is to pick an asset you want to create a market for, click on the ‘Select Asset’ drop down and you’ll see that you can search and select the asset you want to make a market for by typing it in and picking it from the list. For this tutorial we’ll pick the classic ‘PEPE’ memecoin.
4️⃣ Once you’ve found your token, click on it on the list and enter a few extra details and you’re almost ready to trade!
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The first piece of information you need to provide is the name of the market. This is your unique identifier for the market you’re creating. For the sake of this tutorial we’ve called it ‘PEPE 1000X’ as we’re going to make this market tradable with up to 1000X leverage!
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The second bit of information you need to enter is the ‘Custom LP Symbol’ this is what will be used for your liquidity and earning vault for your newly created market. In this instance we’ll call it ‘PEPE-LP’
5️⃣ The penultimate step is to simply enter the leverage you want the market to be tradable with, so for this example we’ll set it to 1000X by just typing in 1000 into the field!
6️⃣ Once you’ve decided your leverage you’re good to go! Hit the big ‘Create Market’ button and watch the magic happen! Here you can also get a preview of the revenue you would generate per 100K traded on your new market!
What’s next?
Once you’ve created your market you’ll see it in a few places:
- The earn vaults - When you create a market the protocol will automatically create a vault for it. This is where other users can become liquidity providers by staking ETH or USDC which will get used to facilitate trading. Any user who supplies tokens here will get to mint your LP tokens & automatically share 80% of all the trading fees generated by the market.
- Your market dashboard this is where you can view and manage the market - all while tracking the volume and of course any of your earnings for being a vault creator!
- The trading markets! Now your market is created you’ll see it as a live trading market! Once there’s sufficient liquidity provided to the earn pool anyone will be able to trade your token!
🎉Now you’re a PRINT3R Pro and ready to start creating markets and securing a lucrative stream of revenue from our protocol!
Hopefully you’re now as excited as us! PRINT3R will be the first protocol to create a truly permissionless trading experience and we can’t wait for you to try it!If you want to learn more about V2 check out the article below, if you want to learn more about the benefits of joining our testnet keep reading!
Alongside our permissionless markets the PRINT3R V2 upgrade will significantly enhances transaction speeds, introduce new ways to share revenue created by the protocol and of course introdduce some exciting things for our Airdrop and TGE event.
Why should you join the testnet event? - Giveaways & Airdrop Bonuses!
Throughout the testnet event we’ll be offering you the chance to join us and select launch partners in a few exclusive competitions, so getting involved and completing basic tasks might win you some extra $s! Not to mention we’ll also be awarding 2M+ Points to users who participate that will go towards our first major Airdrop and TGE event!
📋 Things we’ll want you to test!
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Longing or Shorting Tokens up to 1000X Leverage in our new Trading Dashboard
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Creating your own custom markets
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Testing the earn vaults and lockers
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Making sure all revenue sharing faucets are working! (Market creation, earning vaults and referrals!)
Ready to get involved with the future of Trading? ✅ Get whitelisted now!
If you're inspired to get involved with our upcoming V2 testnet event, please get whitelisted today. By getting whitelisted and signing up for the PRINT3R testnet, you’ll get early access to the future of onchain trading and can help ensure the protocol is robust and ready for the mainnet! Get whitelisted on Galxe by completing simple tasks here 👇
What is a Testnet?
First of all, what exactly is a testnet? Well, essentially, it is a clone of the yet-to-be-deployed on mainnet PRINT3R dApp. The point of running a testnet primarily for development and testing purposes at scale rather than real transactions involving actual value.
This allows our users to simulate a live network environment and enables the creation, design, and testing of markets and smart contracts without incurring high transaction costs or the potential of losing real value.
Testnets are invaluable for our team and everyone who wants to take a sneak peek at the new PRINT3R ecosystem. It will mirror the protocol coming to Base mainnet and serve as experimental platforms, providing a secure, controlled environment to:
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Test our smart contracts and applications: We can see how the the protocol function in real-world conditions without any financial risk for our users.
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Examine upgrades: Before updates are applied to the mainnet, they can be thoroughly tested on testnets to ensure they don't disrupt the network. Any areas we spot in need of optimization can be made before we go live.
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Gather feedback: Throughout our testnet we’re encouraging YOU to share your thoughts and suggestions, which may enhance the final product.
Conclusion
As we approach the exciting launch of the PRINT3R V2 testnet, the anticipation within our community is mounting. This upgrade represents a quantum leap forward for decentralized trading, introducing the capability to trade a vast array of assets—from the latest memecoins to eventually the most prestigious NFTs—entirely onchain. With PRINT3R V2, trading up to 1000X leverage across diverse markets becomes not just a possibility, but a seamless reality, powered by the robust technology of chainlink.
Thank you for your continued support as we prepare to launch PRINT3R V2. Together, we are not just participants in the DeFi space—we are pioneers, setting new benchmarks and redefining the boundaries of what is possible in decentralized trading.
Stay tuned for more updates, our official testnet launch date and prepare to be part of a historic shift in the DeFi landscape with PRINT3R V2.🔥