Dubai, United Arab Emirates, August 15th, 2024 – Coinscribble by Coinbound / Euclid Protocol, a revolutionary modular liquidity infrastructure layer, is thrilled to announce the launch of its first incentivized testnet, Aurora, that will go live on August 25th, 2024. This milestone marks a significant step towards transforming liquidity management and interoperability across the blockchain ecosystem.
Having successfully raised over $700,000 in its pre-seed funding round, Euclid Protocol is set to redefine liquidity flows within the decentralized finance landscape. Aurora, as a part of Cosmos ecosystem, offers a robust testing environment where users, builders and even blockchain networks can engage with and evaluate new form of liquidity in a real-world setting.
Aurora is structured into three dynamic phases, each designed to attract participants with diverse skills, including developers, crypto-native users, and entire blockchain networks.
Aurora envisions hackathon and grant allocations for builders who want to integrate Euclid Protocol, alongside bug bounties to identify and fix smart contract vulnerabilities. Participants will also be able to engage in various activities and complete tasks to test different features of the platform, contribute to the community growth and earn rewards.
A standout feature of the Aurora testnet program will be Chain Wars, when different blockchains will compete for Euclid allocations to incentivize their users and developers. This phase is designed to showcase Euclid Protocol’s groundbreaking cross-chain interoperability and liquidity unification capabilities.
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Building Phase: Focused on hackathon, grants and bug bounties that allows developers to contribute to Euclid Protocol and integrate it into their applications.
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Users Phase: Users and Euclid supporters will be able to engage in quests and tasks in order to try the protocol and earn an allocation of $EUCL tokens.
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Chain Wars: Chain Wars is an exciting competitive phase where different blockchains will compete for Euclid allocation to incentivize their users and developers. This phase is designed to demonstrate Euclid Protocol’s cross-chain interoperability and liquidity unification capabilities. Chains will be ranked based on metrics such as Total Value Locked (TVL) and transaction volume. The most active and successful chains will receive additional rewards, driving further engagement and innovation.
In addition to the phased activities, Euclid Protocol has launched a campaign on Intract, allowing early supporters to gain beta access to Aurora. This initiative provides participants the opportunity to start earning allocations and testing the Euclid Protocol one week prior to the public launch.
“Our testnet will showcase the hard work that the team put in the last couple of months, and introduce users to a new form of unified liquidity never seen before. Aurora will offer plenty of quests, tasks and rewards for our supporters and anyone eager to support Euclid in ushering a new era of liquidity.” – Georges Chouchani, Founder of Euclid Protocol
About Euclid Protocol: Euclid Protocol is dedicated to building a decentralized unified liquidity layer that connects blockchains, enhances liquidity, reduces slippage, and provides a seamless trading experience across the blockchain space. By fostering interoperability and innovative liquidity solutions, Euclid aims to transform the DeFi landscape.
Contact Information
For more information or to join Aurora, please visit our website or reach out to Euclid Protocol Team:
Email: info@euclidprotocol.com
Twitter: @EuclidProtocol
Telegram: https://t.me/Euclid_Protocol
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
