Oolong Trading Incentives 5.0

Hello Oolongans!

Hope you guys are doing well! You might be wondering what the hold-ups are for announcing the Trading Incentives of the month this late. That’s because we were planning on announcing our new plans for Oolong together with this announcement! But since there’s a slight delay in the process of the new plan, we’ve decided to go ahead and announce the Trading Incentives first anywayyy — but just know that this *might* be one of the last few Oolong Trading Incentives we will be hosting (at least in the near future) because we have new things coming up!

For last month’s trading competition, we’ve grown our PCV with around $1395 worth of trading fees!

For November, we will be continuing the trading incentive and allocate a small portion of OLO to incentivize users to trade on Oolong🎉

We will allocate 2.5M of OLO (approximately $750 worth) to incentivize trading on Oolong. Just like the previous trading incentives, this time only the top 50 traders of the month will receive trading rewards, and the rewards will be evenly distributed among the top 50 traders ($15 per person).

Below is the list of tokens that will qualify for the Oolong Trading Incentive (for swaps to be eligible for rewards, tokens on both sides of the trade need to be included in this list):

OLO

BOBA

WETH

WBTC

OMG

AVAX

BNB

USDC

DAI

USDT

BUSD

FRAX

eg:

swap WBTC for BOBA- yes ✅

swap USDC for WAGMI- no ❌

How are users rewarded?

1st — 50th place

#1-#50 50000 OLO per person

Important disclaimer:

• The reward recipients HAVE TO BE EOA.
• Any non-EOA participants will be disqualified and transaction fees will not be refunded.
• Since devs will need to check to see if any participant has broken the rule stated above before we can give out rewards, it will take approximately 1–2 week to distribute the rewards after the end of the competition.

About OoolongSwap

OolongSwap is the biggest DEX on Boba Network, a layer-2 blockchain scaling and augmentation solution. As Boba’s first native AMM, it is Oolong’s mission to create the best exchange, best user experience, and deepest liquidity on Boba as our motto is “more to earn, less to spend”. Aside from the regular DEX features, we have also introduced features such as dynamic pair fees to offer users lower trading slippage, multea farm for users to earn double the rewards with the same investment capital and PCV and bonding to offer a sustainable future for Oolong. Our vision is to become the gateway between Boba and the rest of DeFi world, expanding the Boba ecosystem and help new and experienced DeFi users alike find their crypto home.

Website: https://oolongswap.com

Twitter: https://twitter.com/oolongswap

Discord: https://discord.gg/savwHHXsmU

Telegram: https://t.me/oolongswap

Medium: https://oolongswap.medium.com

Gitbook: https://docs.oolongswap.com

Github: https://github.com/OolongSwap/oolongswap-deployments/