Launching the Future: OpenEX's Long Testnet Unveils a New Era of Digital Asset Trading

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In the realm of Web3, technological iteration and innovation are key drivers propelling the industry forward. This year, the symbolic OpenEX test network "Long" officially launches, signaling the platform's rapid development in the digital asset trading domain. "Long" not only symbolizes a long-term optimism and support for the future, but its name also hints at the auspicious symbol of the Chinese dragon. At this special moment of the Chinese "Long" year, OpenEX demonstrates its profound understanding of the market and cultural sensitivity.

Core Innovations

What sets the Long test network apart is its design of the native token. Unlike the traditional approach of using the platform's own token as the native token, the Long test network chooses USDT as its native token, while deploying the OEX Token in the form of ERC20. This innovative design significantly enhances the efficiency and convenience of liquidity management for assets, making OpenEX's blockchain infrastructure more suitable for trading services, especially in building liquidity trading pools between assets and USDT.

Further reducing Gas fees is also a highlight of the Long test network. By minimizing transaction costs to a negligible level, the Long test network provides an ideal environment for various trading and payment applications. This cost-effective design is expected to attract more innovative trading protocols, payment protocols, entertainment game protocols, and AI application protocols to test and deploy on this network.

Technical Compatibility

As an EVM (Ethereum Virtual Machine) compatible chain, the Long test network ensures high compatibility with the existing ecosystem, allowing developers to easily migrate their existing dApps to Long for testing. The provided RPC service address further simplifies this process, enabling developers to easily access through mainstream Web3 wallets like Metamask.

Developer Support and Community Participation

The OpenEX team also provides a range of tools and services to support developers and users, including a comprehensive blockchain explorer for submitting and verifying smart contract codes; a simplified swap contract and user interface; and a faucet interface, allowing users to claim the test network's native token for testing. These tools not only showcase the technical capabilities of the Long test network but also reflect OpenEX's commitment to building an active and healthy community.

Future Outlook

Looking ahead, the OpenEX team plans to launch more features on the Long test network, including asset cross-chain bridges, staking reward contracts, and interfaces, to further enrich its ecosystem. At the same time, the team encourages a wide range of Web3 application and protocol developers to test on the Long test network, actively collecting community feedback to continuously optimize the network.

Safety and Value Reminder

Lastly, it's important to emphasize that the main purpose of the test network is for technical testing and verification, and the native token and various ERC20 tokens on the network do not have actual value. The OpenEX team is committed to providing a safe and reliable testing environment to help advance the development and application of blockchain technology.