CLOSING TESTNET Phase 2

Published in

MetalSwap

2 min readApr 28, 2022

Dear Swappers!
It is with great pleasure that we declare the conclusion of MetalSwap’s Testnet Phase2!
Next week, precisely on May the 3rd, every swap will be reset and the testnet will be freezed for a while, preparing for Phase3 and and taking the snapshot of the XMTt2 distribution state!
Before that date, it will be a very good idea to close all open swaps to collect as many XMTt2 as possible (and the other test commodity tokens such as KETH, WBTCt and USDTt)!
The XMTt2 token will be changed to real XMT on Polygon, with a ratio that the team will decide based on the total number of distributed XMTt2!

We would like to thank our Testers right away, it is thanks to them that our algorithms have been put to the test, and we count on you to participate in the next phase as well!

Don’t miss next week’s updates, coming soon the official statistics of Phase2 and some alpha about Phase3!

What a time to be in DeFi!

⚠️Warning⚠️

❗ METALSWAP ‘s admins or moderators will NEVER contact you directly on any social under any kind of circumstances.

❗ Everything concerning $XMT ‘s smart contracts and addresses is shared by our official channels (list below), do not trust any different info from any different source.

To the MetalSwap!

… and beyond

✎ What is MetalSwap?

MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators.

With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.