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Akamon — Reward Distribution & Beta Transition 🔀

300k MELD, and Akagado Tokens distributed as the Akamon gateway shifts into Beta testing! 💰💸

Akamon Series

Akamon Alpha Testnet Live 🌉
Akamon Alpha — Update 1 ⏫
Akamon Alpha — Update 2⏫
Akamon Alpha — Update 3 + Rewards Announcement⏫

Akamon — The native gateway between Cardano and Polygon 🌉

Akamon Alpha ends, and Beta begins! Thank you, to each and every one of you who tested out the gateway, swapped ADA and MATIC to and from Polygon and Cardano, and left your feedback.

Please be aware that the Beta testnet is still a highly WIP, and many more fixes and improvements are coming soon (stated below). Instability could possibly be an issue on Cardano when the next hard fork hits the public testnet in the coming few days — where much of the off-chain infrastructure & tooling needs to be updated.

But for now, the time has come to announce the reward distributions and to begin Beta testing of Akamon! 🚀

Content

Akamon Alpha Rewards
Beta Testnet
Conclusion

💸🎫 Akamon Alpha Rewards

We had 300k MELD and Akagado25 Tokens (25% discount for Akamon transactions) as rewards allocated for the Akamon Alpha Rewards Program. These were distributed to the best feedback providers, those that completed 100+ transactions, and to 9 record holders. Winners + transactions are listed below:

Best Feedback Providers

We are gathering the address of the best feedback providers on Discord to distribute the 125k MELD feedback rewards. Winners are listed below:

Carax#8813
Rudianos#6033
Serotonin#8812
wen (sarcasm) nft#4805
chanate#7839
cryptonaut#9424
$OpeloBig#5744
jiojiu#8732
jAleksey#8784
lidia#0943
G1adiy#2427
AletM#0405
sergeu#6028
Gennadiy#0842
alexey trovo#2881
Artem1#8120
Adanaire#2761
AlexYam | Chiko & Roko#9124
ℑgøℜ#9623
buray#7013

100+ Transactions

We have distributed 125k MELD to 1502 users who have completed over 100 transactions. We have also distributed some tMELD (on testnet) to these people to further test our Beta testnet — wrapping MELD to Polygon and back. The mainnet transactions for reference are listed below:

https://cardanoscan.io/transaction/22b4f20ad8b2405876365574e4f71945acef0b964af207daae26706eb0b748c5
https://cardanoscan.io/transaction/df27f6470e87292ace440085d355cf5c62ea0f172283873bb0081df10d5fcafa
https://cardanoscan.io/transaction/50d30ada2afa15c4bcd1c60902b459651c85696a3fd8449598711df1ea5e022f
https://cardanoscan.io/transaction/1e841814fdb2fdb7046a7c9fa3bf6be95416fac19b07c93a4a90d8db79d60be3
https://cardanoscan.io/transaction/970eea9b698fdb23accea690f1130b88265bf0fad4cbb1f43ad685789a162afc
https://cardanoscan.io/transaction/f31e94ab01a4ac953ca9c2909433b6fa6797673595e97073a20d5cab52c990ff
https://cardanoscan.io/transaction/aa24ba0d27de35e6b1271d313d0fb1159ae0eaf8967ec58a795d575d21dcfc0b
https://cardanoscan.io/transaction/19216afe8925473d5983d4d7043697aa718410bb283d4e3720ae1c89c6beee06
https://cardanoscan.io/transaction/c6f4ba5e9c59ec21472501112cb556c64a436bc0c7e117c229eb58dc0bb1dff1
https://cardanoscan.io/transaction/102aac819d1eaa643b7090a538a4a2944798a8d0c4a0b315966712bb46bef974
https://cardanoscan.io/transaction/96d583621eeae1ec49e930b670a388131875192c9bb5382f0d59c5ffefe37997
https://cardanoscan.io/transaction/86b7fab902e9b767686bc66d0807873f6a9d7fe98f799e25fa26a56a7a9f133e
https://cardanoscan.io/transaction/44acf3aa5216cbc9aee6a1f2aea15b2d0048e66103f385dd7edb2357401bd373
https://cardanoscan.io/transaction/0d1f417d2bdf5d1c340778b8254ceed1b8cbf36bf9906da6b7b8f584cdf2227a
https://cardanoscan.io/transaction/99d7e748640a38730277ce3af5747eb12719a0e130f95094c668d7e0f5e5f759

9 Record Holders

45k MELD was shared among 9 record holders:

Most number transactions (4519):
addr1qx82uafrfx9zvnklr9k6hk224c56yulvmm0xnjlda0fxqm4uearmn45t8af5n563cpv96whth2etnaq7zptcvaxhtx6scvhv4z

Most ADA wrapped in a lifetime (2,001,740.295094)
and in a single transaction (2,001,405.295094):
addr1q8mwdfunvzsdj2mzzlkyhlhe0deet8nqerkg9747m7wsyu9nel3fpeta7fhp7tx9d209uxatwnhlmscv73wmgre0x9fq6ws9c0

Most MATIC wrapped in a lifetime (26,738)
and in a single transaction (999):
addr1q8c66eca4d4twsa85xq7sskh6j2x0u08s59pe3zjtmpqat70vlq3w6r4rzwaxk6503m8qa6u7r633fs6tztw3pjcnn2q2dp7xt

This address with thousands of transactions wins the longest total waiting time of nearly 6000 days:
addr1qx4zczw73cvsfuhl2a2feha0pfhs43ggx70m3d479ulg359cu0893l6vl0urtfgh6wry6hpazuvdwd9rhrrs8ze7d34q3t5fdk

Longest waiting time of a transaction at 14 days 21 hours 39 minutes and 6.755166 seconds:
addr1q8falgm9aenk5wvq0sxqa5dq3f2tackckqmpr4r5pfp75g4kaqdhda07xu4r2ul83hyg55cuqqruutuvg7qfjpy2pl9sp8zsu8

Shortest waiting time of a transaction at 6.974791 seconds:
addr1qxruayfl0kx3hwkcx4mztqueca9lupa9dwmx8cxwhsj3qz9hg2jkyhv2e8l97yu697n66teyw8yhw2sgt474yy43v2ys6llc9j

20,000th unique address:
addr1q86yzzc890l06y7dj64nmgna20ncu23gsv6pchpzrw6zfc4nqj8y23nq045recqwv38q68v97v2v9jj7t6f9zgjlestqeglnw3

We narrowly missed the 25,000th unique address at 24,805. The 5k MELD for this metric will be shared among good feedback providers that didn’t meet the top 20.

Akagado25 Tokens

We have distributed 2,748 Akagado25 Tokens to the 916 testers who have submitted their address. These tokens can be used once Akamon hits the mainnet to reduce bridging transaction fees.

👨‍💻 Beta Testnet

The Beta version of Akamon is LIVE and can be accessed through the same URL as Alpha: https://testnet.app.meld.com/akamon

Changes from Alpha thus far:

  • More decentralized with multi signatures for different node operators going forward.
  • Much more advanced contracts with whitelisting to wrap many more native tokens from both chains, a powerful fee system that enables discounts and paying fees in MELD (Babel fees at the application level), and much more advanced indexing and migrations.
  • Staking locked tokens at the contracts on both sides to reduce user fees as TVL increases.
  • Wrap MELD to Polygon and back!
  • Much higher throughput on Polygon with batching.
  • Much smaller throughput on Cardano due to the much more complex contracts.
  • More secure with much more on-chain guarantees and better chain rollback handling.

Changes coming to Beta:

  • Announce node operating partners and other integration plans.
  • UX improvements and community feedback handling.
  • More MELDapp functionalities for paying fees in MELD and discounts with Akagado.
  • Wrap stablecoins like USDT, USDC, and DAI to Cardano with detailed economic and dApp integration analysis.
  • Much higher throughput on Cardano with many planned optimizations from Alonzo to Babbage (coming to testnet on July 3rd).
  • Proper security analysis and audits.
  • A technical third white paper.

While we have already transitioned into the Beta era, we are still leaving an Alpha node up and running to process the remaining 60,000+ transactions from the backlog!

❤️️ Conclusion

Contribute to Akamon Beta

If you wish to contribute to the Akamon gateway, help improve the UI/UX, earn rewards, and help the greater MELD ecosystem, then come join our Discord! We have a dedicated channel to discuss Akamon, as well as a dedicated channel to request test MATIC tokens to take part in the Polygon side of the Akamon token transferring.

🔗Akamon Links

Akamon FAQ
Detailed step-by-step user experience of an Akamon transfer Akamon Public Issue Tracker

MELD — Be Your Own Bank

We think it’s essential for everyone to gain control of their financial lives and have equal access to financial instruments used by professionals, not just centralized institutions, governments, or the 1%. We want to provide financial freedom and control to the masses, including the unbanked.

We have a long-term goal to enable the $15 trillion that is currently locked out of the global economy, including 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever, access to these tools. These are the people that are paying the highest fees, getting the worst customer service, and they are the ones that are having the most problems.

Our vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.

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Stuart

Stuart

MELD is the future of DeFi. DeFi is life.