Announcing 1,000,000 $ARSW Distribution Campaign for ArthSwap Liquidity Providers!
Hello Arthers! We are the ArthSwap team, One-stop DeFi on Astar Network.
Today, we’re happy to announce to all of you that we launched ArthSwap!!!
We are celebrating ArthSwap’s launch with a new campaign in which we provide users with 1,000,000 $ARSW tokens!
Index
- What is the ArthSwap liquidity providers’ Campaign?
- Rewards of the campaign
- Who is eligible for this campaign?
- How do we determine how much each pool is worth in $USD?
- When will this campaign end?
- When will be the rewards paid?
- How to enter
- FAQs
What is ArthSwap Liquidity Providers’ Campaign?
The ArthSwap Liquidity Providers’ Campaign will support ArthSwap to scale DeFi and create a more accessible, decentralized, and cost-effective ecosystem by providing bonuses to users who contribute to ArthSwap’s ecosystem so much.
Rewards of the campaign
We prepared $1,000,000 ARSW tokens for this campaign.
The reward will be divided among those who meet the requirements.
If there are 500 members who meet the requirements,
then each member can get rewards of 2,000 $ARSW tokens.
Who is eligible for this campaign?
To ensure the steady growth of the ecosystem, we need users who create liquidity pools and keep them for a long time, so the requirements are as follows.
- Create the pool of the amount of $10,000 USD each.
(This means if you are to create wASTR — wETH pair, you need to provide wASTR tokens worth $5,000 USD as well as to provide wETH tokens worth $5,000 USD.) - Keep the pool that meets the first requirement for more than 1 week.
There will be 5 pairs of liquidity pools and the total amount must meet the requirement. It is not necessary to meet this requirement with 1 pair.
How do we determine how much each pool is worth in $USD?
We will judge the amount of each pool based on the tokens’ price at the end of this campaign.
When will this campaign end?
At the end of January.
When will be the rewards paid?
We will transfer the rewards of this program after enabling token transfer.
In our roadmap, it is planned to be at the beginning of Q2.
How to enter
To enter this campaign you need to fill in this form with the address of the wallet with which you create the pool.
URL is here.
Of course, it is possible to calculate and identify the address that meets the requirement from on-chain data, but we would like to keep it easy to calculate so that campaign participants can get their rewards as soon as possible.
FAQs
- If I make pools of the amount 2 times higher than the requirement, then can I get twice as many rewards as normal?
⇨ No, you can’t. You can enter this campaign only once and the rewards will be divided equally among those who join this campaign. - If I keep pools of the amount of the requirement for more than 2 weeks, then can I get twice as many rewards as normal?
⇨No, you can’t.
Final words
This campaign is aimed not only for our sustainable growth but also to build the infrastructure of the Astar network ecosystem. Without a solid financial ecosystem, ecosystems cannot grow that much. Here, we aspire to be the financial infrastructure of Astar Network, and we need the community’s support to achieve this.
Additionary, Astar Network released their roadmap explaining that ArthSwap is going to be on their portal in Q2.
We are keeping in great collaboration with the Astar Network team.
Thank you!
About ArthSwap
ArthSwap is a one-stop DeFi protocol aiming to become a leading DEX on Astar Network.
Its main functions are swapping, staking, liquidity mining, and we plan to have more functions on the way!
We are focusing on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar.
ArthSwap is to Astar, as what Trader Joe is to Avalanche,as what QuickSwap is to Polygon,as what Uniswap is to Ethereum!
Our key features: Simple UI/UX | Very High APY
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