DAI is the native stablecoin for the Maker protocol. It is the world’s first crypto-collateralized and decentralized stablecoin, whose value is soft pegged to the US Dollar. The collateralized assets backing DAI are other cryptocurrencies instead of fiat and are held within smart contracts rather than in institutions.
What is SwapX:
- SwapX is an AMM Aggregator protocol developed by the LaunchZone team. This protocol automatically helps users acquire the best swap rate available on all BSC’s AMMs.
- Obviously, our swapx.launchzone.org offers better swap rates than other AMMs because it finds the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders.
- Increase the number of users and the adoption of Binance Smart Chain.
- Increase transaction volume and liquidity for DAI.
- Help users get the best swap rate when swapping trading pairs with DAI.
Form of implementation:
- The Referral Trading Contest organized by LaunchZone SwapX
Location of implementation:
- Users who connect his/her wallet to SwapX shall have a unique referral link. The user copies the link and sends it to his/her friends. The winner of the contest will be the one with the highest total of friends’ trading volume.
Price and reward:
- 990 DAI
Time period of implementation:
- 1 week.
- Date & Time: From 11th April 2021, 10:30 PM (Hongkong Time) to 18th April 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 69.3 DAI(7% total reward pool)
- 2nd Place: 49.5 DAI (5% total reward pool)
- 3rd Place: 39.6 DAI (4% total reward pool)
- 4th Place: 29.7 DAI (3% total reward pool)
- 5th-10th Place: 14.85 DAI (1.5% total reward pool)
- 11th-100th Place: 7.92 DAI (0.8% total reward pool)
- LaunchZone reserves the right to disqualify traders that are deemed wash trades or showing any kind of self-dealing.
- LaunchZone shall only calculate the total buy & sell volume of $DAI token overall trading pairs.
- LaunchZone reserves the right to cancel or amend any activity or activity rules at our sole discretion.
- The rewards will be contributed directly to the wallets of winners within 1 month after the campaign ends.
- All the rewards will be paid in DAI.
- Participants need to follow LaunchZone’s Twitter: https://twitter.com/launchzoneann
- Participants need to join our Telegram group https://t.me/bscextalk