Xpool protocol is thrilled to announce the launch of its alpha testnet on the Binance Smart Chain. This version will enable users to borrow by collateral asset and get interest in deposit asset on Xpool Protocol. Users must test the product and complete all the required tasks to receive the potential airdrop reward from the Xpool project.
Details of Xpool Testnet airdrop campaign
- Total XPO reward: Up to 2,100,000 XPO (This fund is used for all of Listing/Airdrop campaigns, this Xpool alpha testnet is one of those). Depending on the amount and price of XPO token, the amount of XPO released for each Airdrop will be decided at the end of campaign).
- Airdrop time: March 31st, 2021 to 10:30 PM (GMT+8) on April 04th
- Reward timeline: 3 days after XPO IDO program, we will check and summarize the result of Xpool alpha testnet. Then lucky users who receive reward from the Airdrop campaign will be SELECTED RANDOMLY among those following exactly the testnet instructions below.
- Reward method: We will send the Airdrop reward for you to the BNB wallet address that is connected with Xpool testnet. The testnet wallet address is the same as the mainnet one, so when we release the reward, you only need to switch the network from BSC testnet to BSC.
Guideline to test and claim XPO
First you will need the following:
- Chrome browser
- Metamask connected to Binance Smart Chain –> add from extensions on chrome browser
- Utilize our testnet & faucet
- You have to complete all of the steps in this instruction, which help you meet requirements to receive the reward from Xpool Airdrop campaign!
- If you intentionally create multiple wallet addresses to spam or cheat, Xpool protocol will take your wallet address to blacklisted on the Xpool mainnet.
- The parameters on the testnet may deviate from the actual data on the market, therefore you need to check the data to ensure accuracy when operating on the system.
- All these actions are performed in a testnet environment, please do not deposit real tokens into the system. We will not be responsible for any transaction error.
Step 1: Add the BSC Testnet to Metamask
1. Get BNB testnet
First you need to have BNB on Binance’s testnet platform to be gas in all Xpool transactions.
Open your Metamask on Chrome and click the dropdown where it says “Main Ethereum Network” on top of the Metamask popup and change to BSC testnet network
2. Click on “Custom RPC” and enter the following information:
Click on the currency you want to borrow.
Please enter the amount you would like to borrow, then click [Continue]. The system will show you the health factor index of the loan.
You can choose either [Stable Rate] or [Variable Rate] for your loan, then click [Continue].
Click [Borrow] and confirm on your Meta Mask wallet to complete the borrow process.
Now you have borrowed successfully.
To repay your asset, you need to go to the [Borrow] section in the dashboard and snap on [Repay].
Please input the amount of borrow asset you want to repay, then click [Continue]
The system will show you the statistics about the transaction, please check it carefully and make sure that it is correct, then click [Approve] to confirm your transaction.
Click [Repay] to finish your repay process.
After confirming the transaction on your Meta Mask, you have repaid your loan successfully. You can check your transaction hash at BscScan.
Step 7: The last step is withdraw your assets from Xpool. You need to click [Dashboard] on the menu bar, then in [Deposit information] section, click [Withdraw].
Select the amount to withdraw and click [Continue] to process the withdrawal transaction
You can check your transaction hash at BscScan and manage your new balance in XPool at Dashboard section.
Your transactions arising on Xpool will be saved and stored on Binance smart chain that helps the Xpool team check all of the cases which meet their requirements. Rewards from Xpool Airdrop campaign will be given to those who complete all of the step-by-step testnet introductions.
In general, we hope that with this detailed tutorial you can join this program easily and get more XPOs from the Airdrop reward campaign.
- 1 Details of Xpool Testnet airdrop campaign
- 2 Guideline to test and claim XPO
- 3 Conclusion
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