side protocol
side protocol

Side Protocol aspires to rebuild the Internet on Bitcoin. Realizing this ambitious vision requires rigorous research and significant engineering endeavors. Thus, we introduce this initial roadmap, outlining priorities that may evolve based on our progress, recognizing the potential need for adjustments as we move forward.

S2 will feature the first incentivized testnet, designed to thoroughly stress-test the network and applications, and prepare the SIDE Chain for the genesis event.

A point system will also be implemented to monitor users’ engagement and contributions. These points will serve as criteria for future airdrop eligibility. Users are required to obtain the “Insider” role in our Discord community to participate in the incentivized campaign.

Follow step-by-step instructions to participate in S2 Testnet program :

Preparation

0. Install Wallet

  • We recommend using the OKX Wallet or Bitcoin wallets such as Unisat. Download it here. In this guide, we’ll be using the OKX Wallet.

1. Become an Insider

  • To join the S2 incentivized testnet, we suggest becoming an Insider within the Side community first. Achieve Insider status by completing social quests on Galxe campaign.
  • After becoming an Insider, you can now log in the Insider Point System to track your engagement.
  • Use invite code: T0T6VW20 if you’re unable to secure the insider role.

2. Switch to Native Segwit address for enhanced user experience

  • Visit Side Station, connect your OKX Wallet, and switch your Side Chain address to Native SegWit, which starts with the prefix ‘bc1q.

After completing all the preparations mentioned above, you’re all set and ready to start earning keys. These keys can then be exchanged for boxes. By unlocking these boxes, you can earn SIDE Points. Make sure to complete the quests listed at the end of this blog.

Quests

1. Faucet

  • Enter your address on the Faucet page to receive 5 $SIDE testnet tokens. Your $SIDE balance will be visible in the wallet.
  • Alternatively, if the web faucet is inaccessible, you can access our Discord faucet channel. Please note that Insider status is required.

2. Swap

  • On the Swap page, you can exchange $SIDE for $BTCT or other assets.

3. Add Liquidity

  • Locate the liquidity pool (in this example, $BTCT/SIDE) and add liquidity using $BTCT and $SIDE tokens in your Side Chain account. Upon adding liquidity, you will receive BTCT-SIDE-CP-LP tokens in your wallet.

4. Stake Liquidity

  • Before claiming liquidity rewards, you must ‘stake’ your liquidity by locking LP tokens.
  • Expand the ‘Manage’ button in the pool page and select ‘Stake’.
  • Stake a portion of your LP tokens to become eligible for incentives provided to this pool.

5. Claim Rewards

  • Rewards from incentives are emitted every second. You can claim rewards after staking liquidity.

6. Withdraw liquidity

  • Locate your liquidity pool (in this example $BTCT/$SIDE) and withdraw some liquidity from it. After withdrawal, exchange SIDE-BTCT-CP-LP tokens to receive $BTCT and $SIDE in your wallet.

7. Submit Limit Order

  • On the Swap page, switch to ‘Limit’ mode, and try out the limit order feature by submitting a limit order. Please note that there are additional fees associated with creating a limit order, so ensure you have sufficient funds in your wallet.

8. Delegate

  • Delegate SIDE tokens to one of the active validators.

9. Undelegate

  • Undelegate your tokens from the previously selected validator.

10. Vote a governance proposal

  • Select a governance proposal and cast your vote.

Notes:

  • Holding SIDE Points does not guarantee rewards in token airdrops. We anticipate sybil activities during this stage. To ensure fair token distribution, strict eligibility rules will be enforced.
  • The total token supply allocated to this S2 testnet is yet to be determined, and the duration of the testnet remains uncertain. Please join the S2 testnet only after carefully considering the time and resources required.

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