EGLD Referral Trading Challenge

Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, DeFi and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost.

The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators.

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.

Advantage:

  • 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.

Target

  • Increase the number of users and the adoption of Binance Smart Chain.
  • Increase transaction volume and liquidity for EGLD.
  • Help users get the best swap rate when swapping trading pairs with EGLD.

Form of implementation

  • The Referral Trading Contest organized by LaunchZone SwapX

Location of implementation:

Details:

  • 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

  • 5.48 EGLD

Time period of implementation

  • 1 week.
  • Date & Time: From 22nd April 2021, 10:30 PM (Hongkong Time) to 29th April 2021, 10:30 PM (Hongkong Time).

Ranking reward structure:

  • 1st Place: 0.38 EGLD (7% total reward pool)
  • 2nd Place: 0.27 EGLD (5% total reward pool)
  • 3rd Place: 0.22 EGLD (4% total reward pool)
  • 4th Place: 0.16 EGLD (3% total reward pool)
  • 5th-10th Place: 0.08 EGLD (1.5% total reward pool)
  • 11th-100th Place: 0.043 EGLD (0.8% total reward pool)

Campaign rules:

  • 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 $EGLD 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 EGLD.
  • Participants need to follow LaunchZone’s Twitter: https://twitter.com/launchzoneann
  • Participants need to join our Telegram group https://t.me/bscextalk 

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