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With high security and scalability potential, Aptos token (APT) has attracted the attention of many investors despite not being officially listed on the exchange.
The Testnet experience on Aptos network offers many opportunities to make profits without fees which is very suitable for beginners.
Let’s join the testnet on Aptos to find your own investment opportunities in the article below!
Aptos overview
Aptos is a layer 1 blockchain that offers the optimal solution in terms of reliability, scalability and usability.
Aptos is developed by Move programming language with the ability to verify and manage resources on the blockchain to ensure the safety of transactions and avoid cyber attacks.
Aptos’ outstanding advantages are low fees and fast transaction speed with 130 thousand Transactions Per Second thanks to the block-STM feature.
Using a wallet on Aptos
In the previous article, Ecoinomic instructed you to install several wallets on the Aptos network.
If you do not know how to install, you can refer to the article Get to know wallets on Aptos – The gateway to the ecosystem for more details. In this article, we will use Pontem Wallet to join the testnet.
APT testnet token claim guide
Step 1: Go to the following link https://aptoslabs.com/testnet-faucet and select [Sign in]. You can choose to use gmail, discord or github accounts to log in to the system.
Step 2: Select [Connect wallet] to connect the wallet you created on Aptos.
Step 3: Select [Activate faucet] to get 10 APT. Aptos has a token with the symbol APT. You will have to use this token to make transactions by paying fees to the network.
See also: What Is Wrapped Tokens?
Instructions for sending/receiving assets
Step 1: Go to potem wallet, select [Sent] to start the token transfer. Step 2: Enter the wallet address to transfer. Step 3: Select the number of tokens. Step 4: Click [Confirm] to complete the transaction.
LiquidSwap Testnet
What is LiquidSwap?
LiquidSwap is the first AMM on Aptos to enable secure and decentralized token swaps. The protocol uses smart contracts developed by the Potem Network team, with outstanding features such as:
- Multi-asset enabled (similar to Uniswap v2)
- Stable swaps
- Treasury to receive transaction fees of the DAO administered protocol, used to develop the protocol
- Fast transaction speed thanks to Aptos mechanism
>>> Related: What is an AMM?
LiquidSwap Testnet Join Guide
Step 1: Click on the 4 dots icon, then select [Liquidswap]
Step 2: Click [Select coin] to select the coin you want to swap. In the following tutorial, Ecoinomic.io APT swap in exchange for BTC. Then, enter the required amount of APT and select [Register BTC and swap].
Step 3: At this step, LiquidSwap will ask the user to allow BTC to be stored in the wallet. Select [Next]→[Send Transaction]→[Confirm]→[Close] to make the transaction.
Step 4: Select [Confirm Swap] and the same steps as above to complete the transaction.
Conclusion
Aptos promises a lot of potential in the future, overcoming the limitations of layer 1 blockchains such as Ethereum and Solana. Hopefully, through the above article, Ecoinomic.io has helped you understand how to claim APT tokens and swaps in Aptos testnet to catch up with the trend, prepare when the network mainet.