Kava Swap Announcement

Testnet Award Details

Score Calculation

When Kava Swap testnet closes on August 5th @ 00:00 UTC, each participant will receive scores for the following:

1️⃣ Testnet assets = (assets supplied in Hard) + (collateral locked in Kava CDPs) + (assets supplied to Swap pools) + (assets in available balance)

2️⃣ Claimed SWP Rewards

Users will receive a ranking for each score. Final rankings are determined by averaging those two rankings. The value of assets supplied to Swap pools will be based on the pool price at the final block height of testnet. Note that KAVA/HARD rewards are not counted toward either score.

Remember to claim any earned SWP rewards before the end of the contest. A snapshot of claimed rewards will be taken at the end of the contest and unclaimed rewards can not be applied after that time. Users will be cross-checked against registration criteria before receiving competition rewards.

Payouts 🏆

• Users can only win one prize.
• Tier 1 — top 1% of participants are entered in random drawing for one of five 10,000 USD prizes
• Tier 2 — top 5% of participants get entered in random drawing for one of twenty 2,500 USD prizes
• Bonus 💰💰💰 — 2 additional $10,000 prize pools will be awarded to the next 200 top-performing users
• This $20,000 bonus we be drawn from 2 rounds of 100 contestants
• Payouts will be priced 14 days (12:00 UTC) after successful Kava Swap mainnet launch and distributed the following business day via Discord.

Random Selection of Winners

Users whose scores qualify for entry in a drawing will be given a number for the award drawing. This list of numbers will be published in an addendum to this article after the end of the contest and before the drawing takes place. The drawing will use the last 2-digits of the Kava Chain Block Hash after block height 100000 to determine the winning tickets.

Any questions? Hop into Kava SWAP Telegram group and get them answered! https://t.me/KavaSwap

Stay in touch!

• Follow us on Twitter: https://twitter.com/kava_labs
• Join the conversation on Telegram: https://t.me/kavalabs
• Checkout our code: https://github.com/kava-labs
• Subscribe to our YouTube: https://www.youtube.com/c/Kavalabs/videos

Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.