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What are the functionalities of Plasm Testnet? On top of all the existing modules for Substrate, Plasm Testnet has three additional features.

  • Operator Trading
    • This focuses on managing the Contract owner. Additionally, it can tokenize Contracts, which means it allows the transfer of ownership of the Contract!
  • dApps Rewards
    • As the name suggests, this focuses on the reward system for dApps (including Plasm Applications) developer. This is a blockchain-specific monetization model for the Web3.0. We dare say it is the monetization model for the next generation.
  • Multi-Lockdrop
    • Lockdrop is a method for distributing tokens. Participants lock their tokens from existing blockchains (like DOT or ETH) for a certain duration. Next, we distribute the tokens to the locked participants and take the opportunity cost that comes from locking a token as collateral. A Multi-Lockdrop is when we repeat this multiple times to distribute the native token with value to a massive number of token holders.