Gate News message. On April 11, RWA Layer1 public chain SimpleChain announced that its testnet went live officially yesterday, and it also simultaneously launched an early ecosystem airdrop program. Users can obtain points by participating in testnet tasks, and the points will serve as the core basis for future public chain token airdrops. SimpleChain’s core team members come from former executives of Qianshinh Technology and Ant Group. Previously, SimpleChain had completed a $15 million seed round of financing, led by traditional family offices and industry investment institutions. SimpleChain is a Layer1 infrastructure public chain built specifically for RWA. In the testnet phase, it will focus on validating its core capabilities, including the full end-to-end link of Trusted Data Services (TDS), a Compliance Engine (CaaS), and the asset issuance protocol DataIPO.
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