Netswap $100K Trading Competition!

Netswap
2 min readMar 2, 2022

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Last week we unveiled our ambitious new 2022 roadmap. In it, we highlighted some of the cutting-edge tech advances, product rollouts, and organizational upgrades that we have planned for the rest of the year.

But enough about all that. Let’s have some fun, embrace our inner degens, and maybe win some prizes!

Netswap is thrilled to announce its first ever Trading Competition. The event will last 30 days, starting March 7, 2022 15:00 (UTC) and ending April 6, 2022 15:00 (UTC). This will be the first of several Trading Competitions taking place between now and the end of this year.

The rules are simple. Swap any of these seven trading pairs:

  • WBTC/METIS
  • WETH/METIS
  • NETT/METIS
  • METIS/m.USDT
  • METIS/m.USDC
  • METIS/Relay
  • METIS/MINES

…during the 30-day contest period.

During the competition, all users who trade on these seven pairs will be ranked by the total effective trading volume (buy + sell) completed by the user. The top 100 users will have the opportunity to share about $100,000 worth of METIS, NETT, RELAY, and MINES tokens.

Participation requirements are also simple. No registration is required. Netswap will identify winners based on wallet addresses, ranked by most active trading of the seven spotlight pairs during the competition.

Note: The value of each token is based on the price at the time that the rewards are prepared.

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(Distributed with the equivalent value of METIS+NETT+RELAY+MINES)

1st place-5th place

#1 ~$15,000

#2 ~$10,000

#3 ~$8,000

#4 ~$6,000

#5 ~$4,000

6th place-20th place

According to the proportion of individual transaction volume to the total transaction volume of #6 — #20 users during the event, total distribution of ~$20,000

21st place-50th place

According to the proportion of individual transaction volume to the total transaction volume of #21 — #50 users during the event period, total distribution of ~$18,500

51st place-100th place

According to the proportion of individual transaction volume to the total transaction volume of #51 — #100 users during the event period, total distribution of ~$18,500

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Over the next five days, we’ll walk everyone through all the steps involved in trading on Netswap, from bridging tokens to the Metis Andromeda network to connecting your MetaMask wallet to making your first swap. We want everyone to experience Andromeda’s blazingly-fast transaction speed and low gas fees, as well as Netswap’s smooth, easy-to-use UI.

But more than that, we want everyone to dive in and have fun. Good luck to all!

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Netswap

Netswap, the first native DEX built on Metis Andromeda Layer 2 network.