AFX Launches High-Performance Sovereign L1 Testnet: A community-First Revolution
00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. AFX launches high-performance sovereign L1 TestNet, a community first revolution by Blockman PR and marketing. Roadtown, BVI, April 7, 26, AFX, a high-performance sovereign layer 1 purpose built for decentralized derivatives, has officially launched its test net, signaling a major leap in on chain trading infrastructure. Engineered to deliver sub 100 misfinality and a capacity exceeding 50,000 transactions per second, AFX utilizes a custom execution layer and DAG-based consensus to solve congestion inherent in general purpose chains. The protocol is founded on a strict community-first
00:44 philosophy, intentionally eschewing venture capital and private rounds to ensure total community sovereignty. To refine the platform through real-world stress testing, AFX has introduced a comprehensive test net campaign featuring a prize pool of more than 28,000 points, which will be eligible for eventual conversion into native tokens. This initiative ensures that rewards are earned through tangible contributions rather than insider allocations, inviting global traders to shape the future of the protocol. The incentive structure is partitioned into two primary tracks designed to reward both depth of engagement and critical technical insight. The activity pool, which represents 70% of the total prize pool, utilizes a multi-dimensional,
01:25 scoring system to reward genuine trading behavior. Participants earn their share not just through cumulative volume, but by demonstrating diverse execution strategies across multiple margin modes, various trading pairs, and complex position life cycles. In tandem, the remaining 30% of rewards are dedicated to the feedback pool. This track incentivizes the submission of high quality bug reports and product suggestions via the official Discord channel, where the tech and product communities evaluate each entry based on its severity and utility. This test net launch serves as a critical proving ground for the effects infrastructure, including its native fix protocol support and sub-millies con-risk auditing engine. Traders are encouraged to join this
02:08 collaborative effort to build and test together. For more details, users can visit the official trading portal. About AFXAFX is a high-performance sovereign L1 purpose built for decentralized derivatives. Featuring native fix protocol support and sub-millissecond risk auditing, AFX provides the speed of a centralized exchange with Fennon custodial sovereignty of the blockchain. This story was published as a press release by Blockmanwire under Hackernoon Business Blogging Program disclaimer. This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices, volatility and potential loss of your initial investment.
02:50 You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The Hacker Noon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. Hashtag DYOR thank you for listening to this Hacker Noon story, read by artificial intelligence. Visit hackernoon.com to read, write, learn and publish.
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