We saw increase in demand for Symmetry Swap over the last couple of months, surpassing $500 million in volume in just a few months and only by using liquidity from Serum.
Symmetry Swap has also seen increase in users, surpassing 220,000 users in less than 5 months after launching in August. For comparison, it took only 2 months for Symmetry Swap to reach $5 million daily volume and $36 million highest daily volume, while it took Uniswap over a year just to reach $1.5 million daily volume and $8 million highest daily volume.
This achievement was made possible by our incredible community and partners, including Serum and Solanium.
In October, we saw the need for aggregation functionality, as the price variance between different liquidity sources were increasing, so we decided to build an aggregation engine & separate the product, calling it PRISM.
For PRISM, we want the community to be in charge, shaping the platform through governance, open-source contributions and integrations. This is why, to achieve this goal, and to say thank you to our community, we’re distributing 1% of the supply as an airdrop to users who swapped on Symmetry, from it’s release up to November 3rd, when we posted the 📸 on PRISM Twitter — Take a look here.
We will be distributing the airdrop to users who have swapped on Symmetry Swap in the above mentioned period, with the amount calculated by swap volume per user & number of transactions.
There are a total of 6,585 users eligible to claim the airdrop.
Here’s what the airdrop requirements & distribution looks like:
For example:
If you have swapped more than $5,000 of assets in total and have done at least 100 transactions (swaps) on Symmetry Swap before November 3th, you’re eligible to claim an airdrop of 90,000 PRISM.
Claim Period for the Airdrop
Eligible users will have 1 month to confirm claim for the airdrop at https://prism.ag, starting from December 16th 2021, to January 16th, 2022. After the claim period ends, the airdrop will be distributed to users who confirmed the claim. Remaining tokens for unconfirmed claims will be burned.
Details on claiming the airdrop will be made available through our Medium, Twitter, Discord and our platform, as well as on Symmetry Twitter, Telegram & Discord.
Details about PRISM IDO
PRISM IDO will be held on StarLaunch, with whitelist opening on December 12th, 4PM UTC, and closing on December 16th, 4PM UTC, after which, FCFS (First-come-first-serve) will be enabled on December 16th, 4:01PM if there are unfilled allocations left.
For Tokenomics & full details about the IDO, please check out the following articles:
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