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Today we will highlight @w3w_exchange, what the dApp actually is and how you can participate with in during the #VenomTestnet
Web3World DEX is a community-driven, flexible AMM powered by #Venomblockchain
2/6 A DEX, or decentralized exchange, is a type of cryptocurrency exchange that operates on a decentralized platform. Unlike centralized exchanges, where the exchange controls the user's funds, a DEX allows users to trade cryptocurrencies directly from their wallets.
3/6 These platforms have gained popularity due to their decentralized nature and ability to offer users more control over their funds while still allowing them to trade cryptocurrencies.
But now you want to participate in the #VenomTestnet to claim your W3W NFT, but how?
4/6 First you have to make sure you complete all the necessary steps to claim your Testnet tokens. Once you have done so you will be greeted by the dApp explorer of Venom.
5/6 If you scroll down and find the W3W click on the “complete tasks” button. Once that is done you’ll see all the necessary tasks you need to do in order to claim the W3W Testnet NFT.
6/6 The tasks you need to complete are as follows:
- Follow W3W on twitter
- Swap tokens
- Mint NFT
For a more detailed explanation of the steps you can read the guide made by Venom Network on their medium!
1/7 🧵
Today we will highlight @venompad, what it is and how you can participate in the Testnet with it!
Venompad it the official dApp from #Venom that acts as a launhpad dApp.
2/7 What is a launchpad dApp? 🚀💱
A launchpad dApp is a decentralized application that facilitates the launch of new blockchain projects, specifically through initial token offerings (ITOs) or initial DEX offerings (IDOs).
3/7 Its primary purpose is to provide a fair and transparent environment for project teams to raise funds and for users to participate in these fundraising events. It bridges the gap between project creators and potential investors in the blockchain ecosystem.
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What is VenomStake?
VenomStake is a platform that simplifies the staking process, making it accessible to a wider audience. Staking involves delegating digital assets to a validator, securing the network and earning rewards in return.
2/8 Instead of staked Venoms, VenomStake offers stVenoms, which represent your share in the Venom/stVenom pool. You can trade them back for your tokens along with the staking rewards you've earned.
3/8 The platform optimizes staking rewards by distributing Venoms in the correct ratio among professional validators. This maximizes rewards and ensures fair distribution. All rewards received are added to the Venom/stVenom pool, continually increasing the stVenom price.
A thread🧵 1/8
Since we have a new dApp in town we thought it might be a good idea to explain what a DeFi portfolio tracker actually entails, and the steps to minting that new @SnipaFinance TestnetNFT
2/8 First the steps to test the freshly new dApp @SnipaFinance
First you have to make sure you complete all the necessary steps to claim your Testnet tokens. Once you have done so you will be greeted by the dApp explorer of Venom.
- Follow Snipa on Twitter and click "Check"
- Go to the Snipa app and connect your Venom Wallet
- Click "Join Venom Testnet", confirm the transaction, and click "Check"
- Mint an NFT 🫡