Taiko Testnet is now Live on Loopring Smart Wallet
We are excited to announce that we are rolling out Multi-network support within Loopring Smart Wallet — starting with Taiko’s brand new alpha 2 testnet! Interact with the Taiko testnet from the comfort of your mobile phone — complete tasks + get rewarded with participation NFTs.
With the recent announcement from Taiko about their new testnet, Askja, we wanted to make it as simple as possible for any users around the world to interact with this testnet, complete tasks, and earn NFT rewards.
Want to start using the Taiko testnet today? — All you have to do is:
- download the Loopring Smart Wallet from your mobile App Store
- create a Taiko testnet wallet
- complete the tasks in the checklist
- get rewarded!
Introducing Taiko Testnet task checklists
Simply follow the task checklist to ensure you will be rewarded with participation NFTs in the Taiko testnet.
(NOTE: this feature should be rolled out within 2 weeks)
The above tasks will be available to complete immediately on the Taiko test network, but more will be added in the following weeks!
NFT participation rewards
We will be distributing participation NFTs to users of the Taiko testnet who are completing tasks within the Loopring Smart Wallet.
Users who complete all tasks will be rewarded with a participation NFT after the testnet is deprecated. We will announce more details on the participation NFTs at the end of the testnet. Follow along in the app and on our socials for updates, as more tasks will be added to the checklist as the testnet progresses!
What happens after the testnet is deprecated
Once the Taiko alpha 2 testnet is deprecated, the network activity and wallet data will be gone forever, so we do not want to mint and store any NFTs on this network.
For this reason, we will be minting and transferring all rewards from the testnet to the Loopring L2 wallet associated with your same Taiko wallet address.
Don’t worry if you haven’t set this up yet, it can be activated and retrieved any time in the future, just don’t delete your Loopring Smart Wallet, as it securely stores your private key for all associated wallets locally on your device for you!
More networks coming
Taiko testnet is the first network integration as part of our new multi-network strategy with Loopring Smart Wallet, with more to follow.
Take the security of the Loopring Smart Wallet, with social recovery, to all of your favorite Ethereum L2 networks as well as potentially other L1s in the future!
Loopring is an Ethereum Layer 2 zkRollup protocol for scalable, secure DeFi and NFT applications. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 orderbook and AMM DEX. To learn more, follow us on Medium or see Loopring.org.