Celebrate MetalSwap's second anniversary with the "Anniversary Celebration" Competition! Take part in a month-long contest and win exciting rewards!
Originally written on MetalSwap’s Official Blog: MetalSwap Competition- Happy birthday XMT
Celebrate With Us: The “Happy Birthday XMT” Competition Awaits!
We are close to XMT’s second birthday! As the “Galxe Evolution” competition closes, a new exhilarating chapter awaits in the lore of MetalSwap. To commemorate the anniversary of our cherished XMT token, the governance token that empowers our community in making DAO decisions, we proudly present the “Happy Birthday XMT” Competition! This contest unfolds at 23:59 GMT on the 3rd of November, igniting a month-long celebration filled with opportunities to win enticing rewards.
The “Happy Birthday XMT” Competition is a toast to the unparalleled support and active participation of our elite swappers. With a grand prize pool of 1000 USDC, we’re set to reward the adeptness and strategy of the top 20 contenders, honouring their commitment and prowess in the MetalSwap ecosystem.
Competition Details
The festivities commence on 3rd of November, 23:59 GMT, and will extend till the end of the month. To partake, step into the MetalSwap dApp and establish your position within the given timeframe. Your journey towards mastering the MetalSwap arena continues!
Rules and Rewards
We’ve allocated a splendid prize pool of 1000 USDC for the Top20 swappers, distributed as follows:
- 1st Place: “Golden Sovereign of the Swappers” will receive 150 USDC
- 2nd Place: “Silver Guardian of the Swappers” will receive 100 USDC
- 3rd Place: “Bronze Shield of the Swappers” will receive 75 USDC
- 4th and 5th Place: 60 USDC each
- 6th-9th Place: 50 USDC each
- 10th Place: 30 USDC
- 11th-15th Place: 25 USDC each
- 16th-20th Place: 20 USDC each
Calculating the Winners:
The traditional formula to ascertain the winners remains intact:
R1/C1 + R2/C2 + R3/C3 + ….. = Gain%
R1,R2,…=Swap Result, either positive (Profit) or negative (Loss), contingent on the operation’s success.R1,R2,…=Swap Result, either positive (Profit) or negative (Loss), contingent on the operation’s success. C1,C2,…=Cover used for the Swap, normalized in USDC.C1,C2,…=Cover used for the Swap, normalized in USDC.
🎉 The Anniversary Adventure Begins!
With the “Happy Birthday XMT” Competition in full swing, now’s the prime time to dive deeper into MetalSwap’s functionalities, making the most out of the XMT token’s governance capabilities while navigating through the digital asset volatility strategically. We’re thrilled to see the heights you will reach in this celebratory competition.
Embark on the “Happy Birthday XMT” Competition, and may the most skilled swapper reign victorious!
Warmest Wishes,
- DeFi Foundation
✎ What is MetalSwap?
MetalSwap is a decentralized platform that brings Hedging Contracts on financial markets with the aim of providing coverage to those who work with Digital Asset and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators.
With MetalSwap we enable Hedging Contracts on the DeFi field, AMM style.
RISKOFF HEDGING CONTRACTS with MetalSwap dApp!