The first DEX of a public chain launches a permanent Testnet to make final preparations for the Mainnet launch.

On April 27, a non-custodial decentralized trading platform based on a Layer 1 public blockchain announced the release of a permanent Testnet version on the public Testnet of that blockchain. The blockchain is scheduled to officially launch its Mainnet on May 3, 2023.

With the support of major technical contributors and a well-known cryptocurrency investment firm, this trading platform is committed to becoming one of the first protocols to deploy a functional centralized liquidity platform on this public chain.

The launch of the Permanent Testnet provides users with the opportunity to familiarize themselves with the platform's unique features and the user experience of the public chain, while collecting feedback to improve the product. The permissionless access Testnet applications showcase the advantages of the trading platform's centralized liquidity market making (CLMM) model.

This trading platform allows users to set custom ranges for providing liquidity, concentrating it within the desired price range, and collecting a larger share of fees with less capital. The liquidity provided by this approach is more advantageous than the standard liquidity model based on the invariant xy=k.

In addition, users can also obtain tokens from the permanent Testnet on the platform, such as SUI, BTC, ETH, and USDC, to try trading and provide liquidity. The platform also offers a comprehensive tutorial to guide users through the Testnet experience, covering wallet connection, Testnet token funding, and application navigation.

In order to obtain feedback on the Testnet, the platform encourages users to join its community and share insights on the Testnet feedback channel.

"We are ready for the Mainnet launch, and the release of the permanent Testnet is the final stage," said the co-founder and CEO of the trading platform. "This is a perfect time, as the public chain Mainnet is set to launch in early May, and we expect to reach it almost immediately. Through strategic cooperation with major technical contributors and investment companies, we anticipate a smooth launch on the public chain Mainnet soon."

This trading platform is a DEX aimed at everyone, built on a public chain supported by a well-known cryptocurrency investment company and major technical contributors of the public chain. It offers an efficient and composable automated market maker (AMM) decentralized exchange with centralized liquidity market-making model (CLMM) and derivatives trading capabilities.