Long have we waited and finally the time has come for us to release the first version of LICX to the public to test it out. Test it out and try to break it if possible, this will only help us improve any bugs in the code.
Summary
LICX is finally coming to a stage where we are comfortable to reveal it to the public because we want LICX to be as user friendly as possible, we have been tinkering with it for a longer period than initially expected. But now it is ready for testing so head over to licx.finance and test it out.
How to test it
- Have an ICONex wallet
- Get Yeouido testnet ICX
- Go to licx.finance and play around with it and test it out
- Report any feedback back to block42
Have an ICONex wallet
The first thing you need is your own ICONex wallet, if you don’t have it here is a guide
Get Yeouido testnet ICX
You can receive the yeouido testnet tokens at the following faucets:
Go to licx.finance
Play around with it and test it out. Note that when you want to do any transactions you’ll need to select yeouido testnet to be able to interact with the LICX smart contract. When you initiate a function on a website a pop-up window will open, please select yeouido as shown in the picture below.
ICX ➡️ LICX
When you’ll mint the LICX it will be locked for 2 terms (2 days) as you aren’t eligible for the rewards in the first two terms. After the 2 day period, you should be able to freely transfer it and receive rewards.
LICX ➡️ ICX
Because there is an unstaking period for ICX, the LICX protocol can’t get around this and needs to have an unstaking period. When transferring LICX into ICX the LICX tokens will get locked and you should receive ICX after the unstaking period
Transfer LICX
Since there is a lock-up period of 2 days, until you have transferable ICX it will be impossible for you to send LICX to another wallet, after the 2 days they are going to be fully functional. Transferable and generating rewards.
Report any feedback back to block42
Reach out to us with any feedback whether it is bugs, improvements, or just things you don’t understand. This will help us improve the protocol not only from a technical point but also from user perspective.
The best to reach us is via our telegram group, but you can also contact us through our website or via twitter.
