Thea + PolkaIDO Public Testnet Release

Go from Ethereum to Polkadex and back with Thea and PolkaIDO: now available on the Polkadex public testnet

PolkaIDO

Polkadex’s answer to the broken IDO model, PolkaIDO intends to make IDOs fairer. Currently, IDOs are exclusive, expensive (for project teams and investors alike), and over-reliant on manual processes. PolkaIDO is a truly decentralized IDO platform which makes IDOs more inclusive, and affordable. It is an efficient one-stop-shop solution for all IDO activities; from creating a round, to distributing tokens, and all the way to listing on Polkadex Orderbook.

Thea

Thea, Polkadex’s revolutionary interoperability layer, is the underlying decentralized technology that makes ‘deposits’ and ‘withdrawals’ to and from Polkadex feel like they do in a CEX. A unique combination of Threshold Signature Scheme (TSS) and light client technologies at an unprecedented scale, Thea will first connect Polkadex and Ethereum and will continue to add support for more blockchains in the future.

Testing: What to look for

PolkaIDO and Thea are rolling out in a testnet release for a reason. The purpose is to test all possible scenarios, find and fix any potential bugs, and improve the overall user experience before an eventual mainnet rollout. In order for the testing to be as smooth and successful as possible, testers should focus on the following:

How to start testing

Here’s everything you will need to start getting hands-on with PolkaIDO and Thea:

Things to keep in mind

While the product is nearing the end stages in its development cycle, you may encounter some issues inherent to the testnet. Mainly, it’s important to keep in mind that the testnet is where most of the development work is taking place as of right now, which means restarts and balance wipes can occur at any time. If this happens, don’t freak out. It’s part of the testing process. The only thing you’ll have to do is fill up your accounts using the token faucets above and the Bridge feature.

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