LuaSwap’s Limit Order Trading Event
To celebrate the launch of our new Limit Order feature on TomoChain platform, we are pleased to announce our new event for all users who experience that function on LuaSwap with a total prize pool of 60,000 LUA.
Read below to find out the multiple ways that you could get involved!
- Competition period: 2021/06/22 10:00 AM (UTC) to 2021/06/28 10:00 AM (UTC)
- Approved trading pairs: TOMO-USDT, LUA-USDT, TOMO-LUA, TOMO-ETH, TOMO-SRM, WBTC-TOMO and TOMO-FTT on the TomoChain version.
All users who successfully trade a limit order across all the approved trading pairs will share a pool of 60,000 LUA. A successful trade means a limit order must be created and filled during the promotion period.
Promotion A: Place a limit order and share 40,000 LUA
40,000 LUA will be split equally among users who successfully trade at least 1 limit order during the campaign period. To be eligible, participants MUST trade at least 50 USD value across the approved trading pairs during the competition period.
Promotion B: Top trader — 20,000 LUA to win
An additional 20,000LUA will be split among the top 3 users based on their limit order trading volume (in USD).
- Top 1: 10,000 LUA
- Top 2: 6,000 LUA
- Top 3: 4,000 LUA
To be eligible, participants MUST trade at least 2,000 USD value across the approved trading pairs during the competition period.
Tutorial: How to place a limit order on LuaSwap
Terms & conditions
- LuaSwap reserves the right to cancel or amend the Competition or Competition Rules at its sole discretion.
- During the competition, the trading volume of each currency in any liquidity pool is denominated in USD and will be calculated based on the exchange rate at the time of the transaction. All users who swap in any approved trading pairs will be ranked by their trading volume, excluding any wash trades
- Trading from smart contract address is not allowed in the competition
- Trading volume refers to the filled volume of all the limit orders placed throughout the campaign, including both buys and sells across the approved trading pairs. Trading across other pairs is not eligible for this competition.
- Users are not eligible for multiple rewards in the trading competition.
- LuaSwap reserves the right to disqualify wallet addresses for trades that are deemed to be wash trades or display attributes of market manipulation.
- LuaSwap reserves the right of final decision in case of disputed cases.
- Rewards will be distributed to all winner wallet addresses within 7 working days after the trading competition ends.
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. LuaSwap will not be held responsible for any investment losses.
About LuaSwap
LuaSwap is a multi-chain liquidity protocol with no seed investment, founder’s fees, or pre-mining. At the core, LuaSwap delivers a community-governed, multichain protocol via the LUA token. LUA’s token economics is re-designed with a vesting schedule to not only reward early adopters but also incentivize them to stay and participate in governance for a longer period of time.
LuaSwap now operates independently on both the TomoChain & Ethereum Blockchains, taking advantage of each chain’s capabilities. On the TomoChain blockchain, LuaSwap allows you to purchase tokens nearly instantly, at near-zero gas fees without network congestion.
