Singularity Finance
  • Singularity Finance
  • Introduction
  • Background
    • Merger
  • Market Opportunity
    • Tokenise, Monetise and Decentralise the AI Economy
      • Hardware Layer
      • Platforms
      • Foundation Models and Knowledge Graphs
      • Model Hubs
      • Applications
      • Services
      • Data: Monetising Data Contributions
  • SFI Value Proposition
    • Dedicated Layer-2 for AI Economy
    • Core Pillars of the SFI L2
      • AI-Centric dApp
        • Singularity Rep Points
      • Tokenisation Framework
      • Identity Solutions
      • SFI Vaults
        • Architecture
        • Profit Framework
        • Operational Flow
        • Use Cases for SFI Vaults
        • Features
          • Strategies
          • Vault Management Dashboard
          • Risk Engine
          • Execution Engine
          • Fee Infrastructure
          • Governance
          • Router
          • Oracles
          • Zapper Framework
          • Keepers
      • Auxiliary Features
        • AI-Driven Market Making and Liquidity Provisioning
        • Prediction Markets
        • On/Off Ramps
    • Tokenised Data Centres
  • SFI L2
    • Introduction
    • L2 Architecture
      • Operational Model: Optimistic Rollups
      • Data
      • Sequencer
    • Core Features
      • Bridges
      • Indexers
      • Oracles
      • Relays
      • Verifiable Random Function (VRF)
      • Account Abstraction
      • Automation and Offchain Data Integration
  • LAunch
    • Testnet
      • Setup Guide
      • How to Participate in the SFI Testnet
      • FAQs
    • Mainnet
  • Tokenomics and Utility
    • Token Merge & Allocations
      • Allocation & Distribution
    • Token Utility
    • SFI Nodes
      • Details
    • Roadmap
    • Leadership Team
    • Conclusion
    • Appendix
  • Legal
    • SFI Token Terms & Conditions
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  1. LAunch
  2. Testnet

FAQs

FAQs for SFI Testnet Launch

1. What is the purpose of the SFI Testnet?

The SFI Testnet allows users and developers to explore the functionalities of the Singularity Finance ecosystem, provide feedback, and participate in gamified challenges. It’s a vital step in preparing for the mainnet launch, ensuring the platform is robust, secure, and user-friendly.

2. Who can participate in the testnet?

The testnet is open to everyone, including developers, crypto enthusiasts, and users interested in testing decentralized financial solutions.

3. Do I need real funds to participate in the testnet?

No, the testnet uses test tokens that have no real monetary value. These tokens can be acquired through our faucet

4. How do I earn rewards during the testnet?

Participants can earn rewards by:

  • Completing tasks in the gamified challenges (e.g., streaks, points).

  • Reporting bugs or providing valuable feedback.

  • Actively testing features like swaps, bridging, and transfers.

Top contributors will receive special recognition and possible incentives in future mainnet launches.

6. What gamification elements are included in the testnet?

Gamification features include:

  • Points for activities

  • Leaderboards to showcase top performers.

  • Exclusive testnet-only rewards for participation milestones.

8. What blockchain standards and protocols are supported?

The SFI Testnet is built on OP STack and supports ERC standards to ensure compatibility and flexibility within the Ethereum ecosystem and Layer-2 scalability.

9. Will my testnet activity impact the mainnet?

No, your testnet activity will not affect the mainnet. However, active and constructive participation in the testnet will help us do a smooth mainnet launch.

10. What is the timeline for the testnet?

The testnet will run for 3 months, starting on 30th Dec. The timeline may be changed based on user engagement and the other needs.

11. Where can I get updates about the testnet?

Stay updated through:

  • The official Singularity Finance website.

  • Our Twitter and Telegram channels.

12. Will there be a Grant Program ?

Yes, a grant program will reward builders who commit to building on the network. Details will be announced on our website and social channels.

13. Can I invite others to join the testnet?

Absolutely! We encourage you to invite others to participate. Building a strong community is essential for the success of the testnet and future ecosystem.

14. How will the testnet help prepare for the mainnet?

The testnet allows us to:

  • Identify and fix bugs.

  • Gather user feedback for improvements.

  • Test scalability, security, and performance.

  • Ensure all core features are functioning as intended.

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Last updated 4 months ago