MetalSwap

<blockquote>Originally written on MetalSwap’s Official Blog: <a href="https://metalswap.me/Competition_Anniversary" rel="noopener noreferrer nofollow">MetalSwap Competition- Happy birthday XMT</a></blockquote><h2 id="header-0"><strong>Celebrate With Us: The “Happy Birthday XMT” Competition Awaits!</strong></h2><p>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.</p><p>The <strong>“Happy Birthday XMT”</strong> 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.</p><h2 id="header-1"><strong>Competition Details</strong></h2><p>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!</p><h2 id="header-2"><strong>Rules and Rewards</strong></h2><p>We’ve allocated a splendid prize pool of 1000 USDC for the Top20 swappers, distributed as follows:</p><ul><li>1st Place: “Golden Sovereign of the Swappers” will receive 150 USDC</li><li>2nd Place: “Silver Guardian of the Swappers” will receive 100 USDC</li><li>3rd Place: “Bronze Shield of the Swappers” will receive 75 USDC</li><li>4th and 5th Place: 60 USDC each</li><li>6th-9th Place: 50 USDC each</li><li>10th Place: 30 USDC</li><li>11th-15th Place: 25 USDC each</li><li>16th-20th Place: 20 USDC each</li></ul><h2 id="header-3"><strong>Calculating the Winners:</strong></h2><p>The traditional formula to ascertain the winners remains intact:</p><p>R1/C1 &#43; R2/C2 &#43; R3/C3 &#43; ….. &#61; Gain%</p><p>R1,R2,…&#61;Swap Result, either positive (Profit) or negative (Loss), contingent on the operation’s success.R1​,R2​,…&#61;Swap Result, either positive (Profit) or negative (Loss), contingent on the operation’s success. C1,C2,…&#61;Cover used for the Swap, normalized in USDC.C1​,C2​,…&#61;Cover used for the Swap, normalized in USDC.</p><h2 id="header-4"><strong>&#x1f389; The Anniversary Adventure Begins!</strong></h2><p>With the <strong>“Happy Birthday XMT”</strong> 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.</p><p>Embark on the <strong>“Happy Birthday XMT”</strong> Competition, and may the most skilled swapper reign victorious!</p><p>Warmest Wishes,</p><p>- DeFi Foundation</p><h2 id="header-5">✎ What is MetalSwap?</h2><p>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.</p><p>With MetalSwap we enable Hedging Contracts on the DeFi field, AMM style.</p><p>RISKOFF HEDGING CONTRACTS with <a href="https://metalswap.me/dAppOP" rel="noopener noreferrer nofollow">MetalSwap dApp</a>!</p>

METALSWAP COMPETITION - HAPPY BIRTHDAY XMT!

Table of Contents

MetalSwap

Other articles published on Nov 9, 2023

Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $3...

The U.S. House’s spending bill becomes a barrier for SEC’s Gensler in tackling crypto

Financial Supervisory Commission of Taiwan awards first securitized token license

Bitcoin Makes A Strong Attempt To Recapture The $40,000 Level

Binance CEO focused on improving defi wallets

Latest Market Overview 8th Nov: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Join our free newsletter for daily crypto updates!