The Great Lending War
Goledo, in partnership with Nucleon and Swappi, are proud to present the Conflux eSpace event The Great Lending War. The name of the game is simple. Long, or short xCFX. In this campaign, users will bet if they think the price of xCFX will be higher or lower by the end of the event by borrowing tokens on Goledo to begin a long or short trade on Swappi.
To help users learn more about creating short and long trades using Goledo, and Swappi, Goledo made an educational step-by-step guide.
The event will be using TaskOn to track the event.
Event Summary
Notice: Due to circumstances beyond our control, the end date of the campaign and the xCFX price date were delayed by one week. We apologize for the change in plans.
Objective: Complete the objectives on TaskOn. Declare what you think the price direction xCFX will be on Oct 21st. Then, borrow tokens on Goledo to support your strategy. Trade those tokens on Swappi to complete the strategy.
📆 Event Length: Sept 1st -through Oct 15th.
💲 Beginning Price of xCFX: $.1320
💵 xCFX price date: Oct. 21st
🎯 Make xCFX token price direction call before Oct. 15th
💰 Prize pot: $2,500 which increases to up to $9,000 as more tokens are borrowed
🏆 Prize Winners: 40 Winners based on who declared the correct price direction during the event. The first 7 winners are based on the number of tokens borrowed on the Tx submitted. The rest are randomly selected.
🎯 Instructions 🎯
Users will have the month of September to make a decision on whether they think xCFX will be higher or lower than October 21st− Two weeks after the event ends.
Here is the step-by-step process to complete the bet:
1. Declare if you think the price of xCFX will be higher or lower Oct. 21st than it is Sept. 1st.
2. Borrow tokens on Goledo (users will need to supply tokens to be able to borrow tokens for the event) Please see our guide on advanced strategies to borrow the proper tokens.
3. Trade the tokens borrowed on Goledo to complete the trade.
4. Each step must have the Conflux Scan URL with the Tx number submitted on TaskOn
💰 Prize Pot 💰
The prize pot is a progressive prize pot. That means that as the number of tokens borrowed grows, the prize pot will also grow. The prize pot will be $2,500 to start. The prize pot will increase as the total amount borrowed grows. The baseline of Loans borrowed will be noted in this article at the beginning of the campaign. As you can see in the prize pool picture, the pool will grow after it hits certain thresholds.
🏆 Winners 🏆
Winners will be based on who correctly determines the price direction of xCFX. From that list, the first 7 prizes will be based on the most tokens borrowed via the TaskOn quest Tx to borrow tokens. Additionally, 8th through 40th place winners will be randomly selected from the rest of the winners.
Terms & Conditions for the Contest
· $2,500 in token amount is based on the value of the combined GOL, NUT, and PPI on Oct 21st, 12:00 (ET).
· Any increase in the prize pot will use GOL tokens.
·Total borrowed baseline for any prize pot increase is $1,261,965.95.
· Users must submit all transactions on TaskOn to qualify.
· The contest starts on Sept. 1st, 1:00 (ET). The contest will end on Oct. 15th, 1:00 (ET).
· Final xCFX price will be based on the price as of 12:00 (ET) on Oct 21st.
· Only entrances within the event date will be considered valid entrances.
· To be qualified for the rewards, participants must submit TaskOn quests before Oct. 15th, 1:00 (ET)
· Rewards will be distributed to eSpace wallet addresses (0x address).
· Winners will be announced on Goledo’s Twitter account and Medium in a dedicated article.
· TaskOn permits one submission per task.
· Goledo reserves the right to the final interpretation of the activity. Goledo reserves the right to change or modify these terms at its discretion at any time.
· Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
