KyberSwap’s first ever Trading Contest exclusively on Cronos Chain with 10,000 USDC in rewards for 193 lucky winners!
For the next 10 days, Cronos users can perform any token swap on Cronos on KyberSwap and stand to win a share of the 10,000 USDC rewards pool!
New to Cronos but want to get in on the action? Check out how to bridge your assets with the Crypto.com app with this Walkthrough!
What is Cronos?
Powered by Ethermint, Cronos allows rapid porting of apps and smart contracts from Ethereum and EVM-compatible chains.
Cronos is the first blockchain network that interoperates with both the Ethereum and Cosmos ecosystems, supporting DeFi, NFTs, and the metaverse. It aims to massively scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality.
Built with IBC protocol, Cronos allows for interoperability and bridging to the Crypto.org Chain: a fully decentralized, open-source, and energy efficient public chain with high speed and low fees. It also facilitates interoperability with other IBC-enabled chains (e.g. Cosmos Hub, Terra) in a decentralized way.
Cronos’s base settlement currency is $CRO, the native token of its parallel blockchain, the Crypto.org Chain.
KyberSwap x Cronos Chain Trading Contest Details
Total rewards: 10,000 USDC for 193 lucky winners
- Contest Duration
Start: 26th Jul ~04:00 UTC
End Date: 4th Aug ~15:59 UTC - Token swaps MUST be made on Cronos chain on KyberSwap.
- Swaps must be made in a token pair. Swaps between wrapped and unwrapped tokens (Eg: CRO ➡️ WCRO, ETH ➡️ WETH, BTC ➡️ WBTC, etc) will not be eligible.
- Each wallet that trades at least $50 in total trading volume will be eligible for this trading contest
- Out of the trading prize pool, rewards will be distributed by the ranking system. Check out our ranked rewards below!
Ranking Distribution: 193 Winners in Total
- Rank 1: 250 USDC
- Rank 2: 150 USDC
- Rank 3: 100 USDC
- Rank 4 — onwards: 50 USDC per winner (190 winners will be chosen at random)
Note: Ranking system is based on points. $1 Trading Volume equals to 1 point on the Leaderboard. Example: $100 trade vol = 100 points, $500 trade vol = 500 points. The Leaderboard will refresh every 5 minutes.
The more you trade, the higher your rank and the higher your rewards!
Further Details:
- Prizes will be claimable on directly via the KyberSwap Campaigns page on Cronos Chain 3 working days after the campaign has ended. Users will have to claim the rewards on their own. There is no time limit to claim your rewards
- Traders will be able to view their ranking placement directly on the Leaderboard to know whether or not they qualify for the Trading Contest and what ranking tier they fall in
- Kyberswap reserves the right to disqualify any user that violates, cheats, or abuses the campaign at its own discretion. All decisions made by the Kyber team are final.
- Your trading ranking will appear on Leaderboard AFTER trading≥ $50 volume in the period campaign.
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap powers 100+ integrated projects and has facilitated over US$8 billion worth of transactions for thousands of users since its inception. Currently deployed across 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.
KyberSwap | Discord | Website | Twitter | Forum | Blog | Reddit | Facebook | Developer Portal | Github |KyberSwap| KyberSwap Docs
KyberSwap x Cronos Chain Trading Contest was originally published in Kyber Network on Medium, where people are continuing the conversation by highlighting and responding to this story.