Elys is an L1 blockchain on the Cosmos SDK. The project is trying to create new opportunities for DEX and create a low entry level for users to make DEX convenient for beginners.

At the moment, Elys is running the 4th phase of the testnet, so I recommend joining before it’s too late. The project is at an early stage, so by participating in it now, you have the opportunity to be one of the early blockchain users. Such contribution is appreciated by the project.

Step-by-step Guide:

Mission 1: Welcome Campaign

  1. Go to Elys Campaign;
  2. Connect your Keplr wallet, Twitter, Discord and Telegram;
  3. Then your first [Welcome mission] will be completed and you will receive 150 XP.
elys network welcome campaign

Mission 2: Swap your first assets

  1. First you need to get test tokens, go to Elys Faucet and claim 0.3 ELYS and 2 USDC tokens. Within a couple of minutes it will be credited to your wallet;
  2. Go to Elys Swap;
  3. Choose any pair for swap (e.g. ATOM/USDC) and enter the amount of tokens you want to exchange and click on the [Receive] button. You will see a green check mark in the top right corner, confirming that the transaction has completed. For this task you will receive 50 XP. (Usually, XP is credited to the bonusblock within half an hour. You can complete the task and after a while return to the site and check for a checkmark under the mission).
Elys network swap tokens

Mission 3: Try staking

  1. Go to Elys Staking. You can stake ELYS or USDC;
  2. Click on the [Manage] button and enter amount of tokens and click [Stake]. It is better to conduct transactions with a small amount of coins so that you have enough tokens for the future. The main thing is the presence of a transaction;
  3. You can also click [Claim Rewards] and [Claim Reward Now] on staked token section to receive EDEN token, and then stake it too. For this task you will also receive 50 XP.
elys network stake

Mission 4: Add liquidity to a pool

  1. Go to Elys Liquidity Mining to start;
  2. There are 4 pools where we can add liquidity, you can choose any of them;
  3. Click on the blue [Add Liquidity] button near selected pool and enter the amount of tokens;
  4. And then press the [Deposit] button;
  5. In the upper right corner you will again see a green check mark indicating that the transaction has completed. For this task you will receive 150 XP.
elys network add liquidity

Missions 5-6: Follow us on X and Instagram

There are also social missions where you need to follow to the project’s Twitter and Instagram. You can receive 2000 XP for them. Their completion is credited in a couple of minutes.

Mission 7: Refer-to-earn points

You can receive 300 XP for every 2 new referrals who complete the swap and stake missions. In the [Referrals] tab you can find your invite code and see who went to the site using your code and what tasks they completed.

elys network referral code

Pay attention

In the [Leaderboard] tab, you can see the amount of your XP. Your place among other participants and also mint badges when you reach the required amount of XP.

elys network leaderboard progress

All 3 testnet tasks (swap, stake, adding liquidity) must be completed daily. And every day you will receive 250 XP for them.

Conclusion

The project is quite interesting and is rapidly gaining popularity, and the testnet is not difficult. Elys belongs to the daily category, so in order to occupy a significant place in the leaderboard, you need to try not to miss it and do it every day or as often as possible. The project is cost-free, so this is a great opportunity to join.

Is it free?

Yes. It’s testnet phase.

How long does it take to complete a tasks?

~1-2 minutes to complete tasks. But you need to do it daily.

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