Komodo is excited to announce that a total of more than 1,500 KMD in prizes will be given away in a community stress test of AtomicDEX on October 31 from 12pm GMT to 6pm GMT.
AtomicDEX was recently moved into a public beta phase, which means that AtomicDEX is now available to everyone.
As AtomicDEX is in a beta phase, bear in mind that the application is still in development. While AtomicDEX is already a cutting-edge application, there are still many new features and options to come in future releases.
A Prize Pool Of Over 1,500 KMD
The Komodo team has a prize pool of 1,554 KMD to give away to AtomicDEX stress testers. It will be a lottery-style giveaway, where 10 testers will win 77.7 KMD each, plus one lucky grand prize winner will receive 777 KMD!
Here’s what you need to do to participate in the AtomicDEX stress test and be eligible to win prizes:
- Download AtomicDEX and set up a new wallet or restore an existing wallet.
- Get 7.777 of the test coin called RICK for free from the faucet.
- Get 7.777 of the test coin called MORTY for free from the faucet.
- Complete at least 30 atomic swaps between RICK<->MORTY (or vice versa) during the scheduled stress test time.
That’s it! Once you’ve successfully completed at least 30 swaps during the designated time frame, you are automatically entered to win prizes.
Please note that you don’t need to wait for one swap to finish before starting another one. In fact, you can have multiple swaps running at the same time. After one swap is initiated, simply go back to the DEX screen and place new trade orders to make numerous atomic swaps simultaneously.
Please also note that you don’t need to stop at 30 swaps! The more swaps you make, the better your chances of winning a prize.
Every swap is equal to one ticket in the prize pool, as long as you've met the minimum requirement of 30 swaps. If you complete 50 swaps, you will have 50 tickets. If you complete 500 swaps, you will have 500 tickets. There is no limit to the number of tickets that a single address can have, so make as many swaps as you can during the set stress test hours to maximize your chances of winning a prize.
The Komodo Dev Team will be monitoring and recording the RICK and MORTY networks so all addresses that complete a minimum of 30 swaps will be automatically added to the prize pool. There’s no need to confirm with the Komodo team directly.
The 10 winners of 77.7 KMD and the 1 grand prize winner of 777 KMD will be chosen at random from the pool of eligible participants. The KMD prizes will be sent directly to the winning addresses. So make sure to backup your seed phrase and store it carefully— you may win prize money and you will surely want to have access to your wallet if you do!
Lastly, the Komodo team encourages everyone who participates in the AtomicDEX stress to post about it on social media. To help spread the word about AtomicDEX, you can post on Twitter with a screenshot of a completed swap and the following hashtags:
Please tag the official Komodo Twitter account (@KomodoPlatform) and the Komodo team will retweet all posts that use the hashtags above. Let’s raise awareness about AtomicDEX!
How To Participate In The AtomicDEX Stress Test
First, if you haven’t already done so, you need to download AtomicDEX mobile on your phone.
Once you have the app downloaded on your phone, you need access to a wallet. You have two options:
After you have a wallet set up, you can draw 7.777 of the two test coins known as RICK and MORTY for free. This is possible by activating the RICK and MORTY coins in your portfolio, opening either RICK or MORTY in AtomicDEX to view your address, and tapping the “FAUCET” button. Then simply paste your address into the faucet and draw the coins for free.
Watch this short animated GIF to see how to draw RICK and MORTY from the faucet from within AtomicDEX.
Here are the links to the faucets, in case you have any trouble completing this step from within the app.
Once the RICK and MORTY coins have arrived in your wallet, it’s time to start making atomic swaps! Just make 30 swaps from RICK to MORTY and/or from MORTY to RICK during the designated stress test time frame.
Remember that there is no limit to the number of swaps that you can run simultaneously. You can have 10 or more swaps running at the same time. This will help send as many atomic swaps as possible to the Market Maker 2.0 network during the stress test, which will help the Komodo team gather valuable data.
It will also help you to complete your 30 swaps as quickly as possible! Just make sure that you have at least 30 successfully completed atomic swaps between RICK and MORTY (or vice versa) during the scheduled stress test hours.
If you need a little guidance on how to start swapping, please follow these steps to make an atomic swap with the AtomicDEX mobile application.
You can also watch this tutorial video on how to make atomic swaps with AtomicDEX. This video will show you everything you need to know.
Check out all of the AtomicDEX support guides for additional help and information.
Finally, you can join the Komodo community on Discord to get help in the #support channel and chat with other AtomicDEX testers in the #atomicdex-beta channel.
Details Of The AtomicDEX Stress Test
The AtomicDEX Stress Test will take place on October 31, 2019 from 12:00 GMT to 18:00 GMT. The Komodo team originally intended to hold the stress test a little sooner but several unforeseen issues arose. Now that all of these issues have been resolved, it’s time to put the AtomicDEX to the test!
The goal of the AtomicDEX stress test is to identify potential bottlenecks in the underlying AtomicDEX infrastructure (i.e. seed nodes, SPV servers, and market-maker nodes). This will help the team understand how to scale the user base up without running into issues or infrastructure limitations.
Rather than focusing on the volume of coins exchanged, the goal of the test is to maximize the number of individual trades. Thus, small trades are ideal. It’s also best if you make as many swaps as possible simultaneously. You can run 10 or more swaps at the same time.
Please note that this stress test is designed to help the Komodo Dev Team understand where any and all potential issues and bottlenecks. As such, some of your attempted swaps may fail. Not to worry! This is just a test and the Komodo team will be collecting data on how many swaps do not execute successfully, thus helping the team iterate and improve upon AtomicDEX in future releases.
For the purposes of testing the AtomicDEX infrastructure, we only encourage swapping between RICK and MORTY, two test coins with no market value. There’s no need to swap with real assets for the purposes of this stress test.
Of course, the public beta release of AtomicDEX does support 25 real assets:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Dash (DASH)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Digibyte (DGB)
- QTUM (QTUM)
- Ravencoin (RVN)
- VerusCoin (VRSC)
- Zcash (ZEC)
KMD and Komodo Smart Chain coins:
- Komodo (KMD)
- Hush Coin (HUSH)
- Chainzilla (ZILLA)
- RedFOX Labs (RFOX)
- Utrum (OOT)
- KMDLABS (LABS)
- Commod Coin (COMMOD)
Ethereum and ERC tokens:
- Ethereum (ETH)
- USDC (USDC)
- Dai (DAI)
- Paxos (PAX)
- TrueUSD (TUSD)
- Atomic Wallet (AWC)
- Basic Attention Token (BAT)
While it is possible to make real atomic swaps between any of these listed assets, it’s important to remember that AtomicDEX is still in a beta phase. That means many trading pairs might not have any liquidity. In addition, the Komodo team advises users to not use large sums of money. If you’d like to make atomic swaps with real assets, just use a small amount of funds to try it out.
Future AtomicDEX Stress Test Planned
Since the first AtomicDEX Stress Test is focused exclusively on the RICK and MORTY test coins, the team is already planning another stress test that will involve swapping real assets. Expect a bigger prize pool and participation from other communities and ecosystems.
Stay tuned for more details! If you want to be among the first to learn about future releases, stress tests, and developments, sign up for the AtomicDEX email list here.
Join us as we continue to revolutionize decentralized trading technologies.