ink testnet from Kraken exchange
In late October 2024, representatives of cryptocurrency exchange Kraken announced the launch of their own blockchain called ink. The new layer 2 network is based on Optimism technology and is aimed at the DeFi segment, allowing trading, lending and borrowing of assets.
Optimism’s choice to build ink is no accident and is driven by a grant that previously came from the Optimism Foundation organization. The agreement was made in early 2024 and provides for the transfer of 25 million OP tokens.
In addition, according to the agreement, the organization will split the grant into several tranches. Kraken will receive the tokens in several stages, and the main goal of the investment is to launch the L2 solution of the ink. Kraken will also become part of the Superchain project in exchange for the infusion.
Separate investments in ink have not been announced yet, but Kraken exchange has attracted $122 million from various crypto funds.
The project team in its X (Twitter) announced the launch of early testing of the network, which anyone can join. Therefore, further in the material, let’s take a closer look at the activity in ink.
Guide to completing the activities
Note: to pass you need a Metamask wallet. If you don’t have it, you can use our guide for installation and configuration.
- If necessary, get a test ETH in the faucet.
- Connect the wallet on the site, agree to add the ink network and perform ETH transfer from Ethereum Sepolia.
Note: you can also initiate a reverse transfer and it is worth periodically recording onchain interactions, accumulating active days on the network.
- Deploy the contract to Owlto in the ink test network and Optimism, Base, Arbitrum One or BNB Smart Chain mainnet, switching to ERC20 Mode:
- Buy an NFT on Zora for the role. The cost is about $0.50 in ETH equivalent on the Optimism network:
- Go to the Guild platform and get roles for previous actions.
- Then in the Discord of the project verify the fulfillment:
Conclusion
Although the main interaction takes place with the testnet, the fulfillment of necessary tasks requires expenses in the main network. The costs are insignificant and are caused only by covering the transaction fee. It is worth subscribing to the project’s social networks so as not to miss updates.
Highlights:
- kraken exchange raised $122 million and received a $25 million OP grant;
- testnet in early stage.
Useful links: Website | X | Discord
If you have any questions about the activity, you can ask them in our X.
It will be interesting
