Testnet Launch Announcement — Test your weapons, Punkers. (updated on June 4th)

f(slave)= Inflation x Taxation x Fees x Low Growth

f(freedom)=just do PUNK, period.

Punk’s First Powerful Weapon to Defeat Old Finance, World’s First DeFi 401k Product Saver is Launched on Kovan Testnet. We are highly thrilled to finally announce the news! However, starting today, Wall Street, the central bank, and corrupted central government officials around the world better be alarmed with some thrill.

Today is not only an important milestone for the early contributors and community, but it also marks the last step of our roadmap before our official Mainnet launch.

What is Punk protocol and $PUNK?

Punk Protocol is the world’s first DeFi 401k service (a representative pension plan from the United States) with optimal strategies, generating high yield.

To provide periodic cash flows and snowball users’ money, the deposited asset will be automatically invested in various DeFi protocols based on smart contract logic.

Punk’s annuity and Decentralized Autonomous Organization(DAO) have significant advantages that eliminate all fees, improve profitability, and hedge against inflation & systematic risk of traditional finance. $PUNK token is a governance token that allows its users to make decisions within the Punk Protocol by voting.

To become a Supreme Weapon, one always has to go through a period of intense testing. Especially for products that carry their mission to manage users’ money for a long time, such as DeFi 401K.

These are why we launch the testnet first.

• Allow anyone to test the platform without any risk
• Find bugs in the smart contracts or UI
• Collect feedback from the community

Punk Protocol, a fully decentralized protocol, needs your active support to test the protocol and review the code to apply the feedback to the mainnet. If you encounter difficulty experiencing the protocol or find something counter-intuitive, let us know! Even if you have an amazing experience, tell us what you enjoy about it!

The best place to leave your feedback is #🐛︲i-found-a-bug channel on Discord. That’s where the contributors will be hanging out to help answer questions! We hope you are as excited as we are!

Here are the details —

Things you should know beforehand:

• Make sure you follow all the instructing steps to take 100% out of this testnet.
• All these actions are performed in a testnet environment; please do not deposit real tokens into the system. We are not responsible for any transaction error.

First, you will need the following:

1. Chrome browser
2. Metamask connected to Kovan testnet

How to add KETH to your Metamask for the testnet

Warning: You get test ETH through the steps below. The ETH received are not real ETH. They have no market value.

1. Open your Metamask on Chrome and click the dropdown where it says “Main Ethereum Network” on top of the Metamask popup and change to Kovan Test Network. (other testnet will be updated)

2. To get your KETH, go to https://faucet.kovan.network/ OR https://gitter.im/kovan-testnet/faucet and paste your Kovan Test Network Metamask address.

https://faucet.kovan.network/

https://gitter.im/kovan-testnet/faucet

3. Swap to DAI, USDT, or USDC on Uniswap

DAI : 0x4f96fe3b7a6cf9725f59d353f723c1bdb64ca6aa

USDT : 0x07de306FF27a2B630B1141956844eB1552B956B5

USDC : 0xb7a4f3e9097c08da09517b5ab877f7a917224ede

or Paste this link on token lists https://raw.githubusercontent.com/PunkFinance/punk.token.list/master/token.list.json

https://app.uniswap.org/#/swap

5. Go to punk.finance

6. Connect your wallet

Now, Let’s Head Down to the Point — What You Can Experiment On Punk Protocol Testnet

• Saver — Enter the amount of token you wish to deposit, set the starting date, interval and count. You can check total payout, reward, and ROI, all calculated based on the settings.

• Radar — Radar is where you can inspect the data of Punk Protocol. You should check the data before making a deposit and decide which Saver to be the best for you.

• Inventory — Inventory is a space only for you, where you store your Saver items. Here, you can either receive your payout every count or check your current status.

Design your own DeFi401K on Punk Protocol and check Punk Protocol’s user guide for a detailed description of the app.

Rumors heard, protocols outside have executed some additional token giveaways at the event of their testnet launching. Just a friendly reminder, we will be watching how many transactions will be uploaded on the network🧐.

🤖A small but significant note from the dev team🤖

Thanks to Punkers, we updated Punk testnet as followed:

1. We have clarified the terms.
2. We have created tooltips to help you better understand.
3. We have simplified the process to claim Punk Tokens and that means less work for you!
4. We have improved the user interface of the page where you can check out the awesome TVL and APY.
5. We have polished up the PUNK-iness in design. Experience PUNK anywhere.

Punk testnet is the final step prior to the official launch of Punk Protocol.

Stay tuned for the updates on PUNK’s channels — Medium, Twitter, Telegram, and Discord.