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Monad Testnet Launch: How to Interact?
Original Title: A Step-by-Step Guide to Interact with the Monad Testnet
Original Author: Asher, Odaily Planet Daily
In April last year, Monad, a mega-project that received a $225 million investment led by Paradigm, is finally open for interaction. Last night, Monad made an announcement on the X platform that the Monad Testnet is now officially live and has distributed test coins to over 8.8 million active Ethereum addresses.
The Monad Testnet is now officially live
Next, Odaily Planet Daily will guide everyone through an overview of Monad and how to participate in the Monad Testnet interaction promptly.
Project Introduction
Monad, developed by the Pyth and Solana teams over more than two years, is a high-performance EVM-compatible L1 public chain. According to the official documentation, Monad defines itself as a PoS-based EVM-compatible high-performance L1 chain that aims to pioneer new public chain possibilities through the execution pipeline of Ethereum transactions. Its key innovations include MonadDB (a database designed specifically for Ethereum state access) and Optimistic Parallel Execution (ensuring high TPS with minimal overhead). By separating the consensus layer from the execution layer, Monad further enhances scalability, enabling developers to build applications that require outstanding performance and low latency.
Monad's groundbreaking progress has positioned it as a robust platform for enterprise-level applications, providing developers with the tools needed to create high TPS DApps while maintaining compatibility with Ethereum, embracing the future of blockchain innovation.
On the evening of April 9, 2024, Monad Labs announced a $30 billion valuation and completed a $225 million funding round led by Paradigm, with participation from Electric Capital and Greenoaks. As one of the most promising projects in the Layer 1 space, Monad, which emphasizes the concept of "Parallel EVM," aims to introduce a "parallel processing" execution layer scaling solution to significantly improve network execution efficiency while remaining 100% EVM bytecode compatible.
Monad Funding Status
Nexus: A Parallelized Proof-of-Stake Mining Network
STEP 1. Add the Testnet (Link: https://testnet.monad.xyz/): Upon visiting the link, click on "Manually add network," then click on "Add Testnet to MetaMask," and finally click "Continue."
STEP 2. Claim Test Coins and Bind Discord Account: Click on "Connect Wallet," then fill in the test coin address in the dropdown and click "Get Testnet MON." Next, click on "Connect Discord" to authorize your Discord account. (Please note that the test coin claim process is still not fixed, but you can continue reading to understand the interactions you can perform after receiving the test coins.)
STEP 3. Proceed to the next screen and complete your first transaction on the testnet: Enter the desired amount of tokens to purchase in the three respective input boxes, buying DAK, YAKI, and CHOG tokens.
STEP 4. Continue to the next screen and complete the "Spotlight" task: Click on "Play Now," then click on "Register and Play for free" to log in using your Google account.
STEP 5. Upon successful login, keep clicking "Continue" until you see "Claim 100 $fMON."
STEP 6. Click on "Shop," then click "Claim" to perform your daily check-in.
STEP 7. Visit the website (Link: https://testnet.lilchogstars.com/) and mint an NFT.
STEP 8. Click the website (link: https://app.nad.domains/), and register a domain name.
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