Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets.
COMP is the token ticker of Compound and is mainly used for protocol governance. COMP holders can suggest, debate, and implement changes to Compound – without relying on, or requiring, the Compound team whatsoever. COMP also allows its owner to delegate voting rights to an address of their choice.
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 COMP.
- Help users get the best swap rate when swapping trading pairs with COMP.
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:
- 2.22 COMP
Time period of implementation:
- 1 week.
- Date & Time: From 2nd April 2021, 10:30 PM (Hongkong Time) to 8th April 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 0.155 COMP (7% total reward pool)
- 2nd Place: 0.111 COMP (5% total reward pool)
- 3rd Place: 0.088 COMP (4% total reward pool)
- 4th Place: 0.066 COMP (3% total reward pool)
- 5th-10th Place: 0.033 COMP (1.5% total reward pool)
- 11th-100th Place: 0.017 COMP (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 $COMP 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 COMP.
- Participants need to follow LaunchZone’s Twitter: https://twitter.com/launchzoneann
- Participants need to join our Telegram group https://t.me/bscextalk