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.
- 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 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:
- 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:
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)
- 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