A small cap altcoin more than doubled its price in just a week after hitting a major milestone.

Polymath (POLY) informs its 50,500 Twitter followers that its Polymesh Incentivized Testnet (ITN) has been updated to a new version. The update paves the way for the availability of decentralized applications (DApps) in the test network of the protocol.

The Polymesh Incentivized Testnet has been updated to version 3.2. All dApps are now available. pic.twitter.com/PRth4sxNYz

– Polymath (@PolymathNetwork) September 1, 2021

Polymath is a securities token platform that enables users to create, issue and manage digital securities on the blockchain.

According to a Polymath blog post, the Polymesh Incentivized Testnet will bring them closer to the mainnet launch later this year.

“The Polymesh Incentivized Testnet marks the next step on the way to launching the Polymesh Mainnet.

From Polkadot to Cosmos, ITNs are a proven way to kill two birds with one stone, encourage community engagement and participation, while testing on-chain functionality. “

The project is in the midst of orchestrating Running With the Bulls, a series of challenges where participants can earn rewards by testing key Polymath features and functionality.

POLY, which was added to U.S. Coinbase last July, rebounded from a seven-day low of $ 0.34 to a high of $ 1.25, a massive 267% increase in just one week . The crypto asset has since withdrawn and is now trading at $ 1.15.

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Selected image: Shutterstock / korrakot sittivash / Vladimir Sazonov