OolongSwap Trading Competition 3.0
Hello Oolongans — this time, while we are waiting for the very excite tokenomics change to take place in Boba (something even better than WAGMI I heard 👀), we’ve decided to allocate a small portion of OLO to continue incentivizing users to trade on OolongSwap in June!
We will be allocating 15M of OLO tokens (approximately $30K worth) to this trading competition, and as usual, only the top 100 users with the highest monthly trading volume is eligible to receive the rewards. This is our thank you to our dedicated community members and loyal users for supporting Oolong and Boba through transitional phases and through thick and thin!💚
Below is the list of tokens that will be qualify for the Oolong Trading Competition (for swaps to be eligible for rewards, tokens on both side of the trade needs 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 — 10th place (account for a total of 70% of the OLO distributed to trading competition)
#1: 2700000 OLO
#2: 2100000 OLO
#3: 1500000 OLO
#4: 1050000 OLO
#5: 900000 OLO
#6: 750000 OLO
#7: 600000 OLO
#8: 450000 OLO
#9: 300000 OLO
#10: 150000 OLO
11th — 50th place (account for a total of 20% of the OLO distributed to trading competition)
#11–50: 75000 OLO per person
51st — 100th place:(account for a total of 10% of the OLO distributed to trading competition)
#51–100: 30000 OLO per person
Important disclaimer:
- The rewards 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 break the rule stated above before we can give out rewards, it will take approximately 1 week to distribute the rewards after the ending of the competition.
About OoolongSwap
OolongSwap is the biggest DEX on Boba Network, a layer-2 Ethereum scaling 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/
