How To Interact With Story Protocol Testnet

BitBlog

Published: Oct 30th, 2024



Introduction

In this guide, we will explore Story testnet and learn how to interact with it for a potential future airdrop.


What is Story?

Story Network is a specialized blockchain designed to streamline the legal management of creative intellectual property (IP) by making IP programmable and tradable on the blockchain. As a Layer 1 blockchain, Story Network combines Ethereum Virtual Machine (EVM) compatibility with Cosmos SDK to handle complex IP data structures efficiently. Its key features include:

  • Precompiled primitives for fast, low-cost processing of IP data structures.
  • CometBFT-based consensus for quick transaction finality and cost-effectiveness.
  • Modular architecture using Ethereum's Engine-API to separate consensus from execution.

Through the Proof-of-Creativity Protocol, creators can register IP as "IP Assets" (IPA), which consist of on-chain NFTs paired with an IP Account for metadata and ownership details. The platform supports modules for licensing, royalties, and disputes, allowing IP owners to set terms for derivative use, earn royalties, and address conflicts.




Step 1

First, head over to the faucet: story.faucetme.pro, connect your Discord account & Join the STAKEME Discord server.

Now we can insert our wallet address and press "Send me" to receive some IP tokens.




Step 2

Now let's take a look at the available Validators: staking.story.foundation





Step 3

Choose one of the Validators & connect your wallet.



Now press "Stake", insert the minimum required amount of IP and hit "Stake IP".

If you don't have enough IP to stake, keep claiming from the faucet anyway to boost your network activity!




Step 4

Now let's go to the Unleash Protocol Faucet & connect wallet.

Here we can claim test tokens for wBTC, wETH, SUSDT, SUSDC.




Step 5

Now head to: app.unleashprotocol.xyz

On the right, we can select which tokens to supply.

Select a token and supply any amount from the available balance.

Approve & confirm transaction. Repeat this for each asset to maximise your network activity.




Step 6

Now go to the Borrow tab & borrow a small amount of each asset.





Step 7

Now let's perform some swaps.

Head over to: app.storyhunt.xyz & connect wallet.

Now just select any tokens to swap between, input amounts and press "Allow Token Spending", when the wallet pop-up appears set the spending cap to the amout you want to use, so in our case it would be 1,400 because in our example below we are swapping 1400 USDT.

Now hit "Swap" & confirm transaction with wallet.

It's a good idea to repeat swaps weekly to maximise your network activity.





Step 8

Now let's contribute to some Pools: app.piperx.xyz/#/pools

Choose a pool and press "Add Liquidity".



Now just insert insert any amount. (amounts should be the same in value)

Hit "Submit" then set the spending cap slightly higher than the amount you want to swap, then confirm transaction.




Step 9

Now head over to: app.piperx.xyz/#/swap & connect your wallet.

Here we can also perform swaps between tokens.

Try to perform swaps regularly to increase your network activity.




Step 10

We can also acquire OG status by completing the tasks here: og.piperx.xyz




Outro

That's all for this guide!

If you found this tutorial helpful and informative, consider sharing it on social media. You can also stay updated on the latest content and discussions by following us on X (formely Twitter): @BitBlogxyz

Disclaimer: This guide is provided strictly for educational purposes and should not be considered financial advice. The content is designed to offer insights into various web3 topics & projects.

We do not recommend putting real money into random projects without conducting plenty of your own research first. It is crucial to make informed decisions based on your own understanding and risk tolerance.




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