Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development.
It is supported by a basket of fiat-pegged, seigniorage share style stablecoins which are algorithmically stabilized by its native crypto asset, Luna. UST is USD pegged Terra Stablecoin.
- 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 UST.
- Help users get the best swap rate when swapping trading pairs with UST.
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 UST
Time period of implementation:
- 1 week.
- Date & Time: From 2nd April 2021, 10:30 PM (Hongkong Time) to 9th April 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 69.3 UST(7% total reward pool)
- 2nd Place: 49.5 UST (5% total reward pool)
- 3rd Place: 39.6 UST (4% total reward pool)
- 4th Place: 29.7 UST (3% total reward pool)
- 5th-10th Place: 14.85 UST (1.5% total reward pool)
- 11th-100th Place: 7.92 UST (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 $UST 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 UST.
- Participants need to follow LaunchZone’s Twitter: https://twitter.com/launchzoneann
- Participants need to join our Telegram group https://t.me/bscextalk