Soteria is a blockchain based mutual to share the risks of DeFi.
Smart Contract increased risk in the DeFi world needs a decentralized solution. Soteria is designed as a decentralized mutual. All members share the contract risk and returns for cover and capital growth.
What is SwapX:
- SwapX is an AMM Aggregator protocol developed by the LaunchZone team. This protocol automatically helps users acquire the best swap rate available on all BSC’s AMMs.
Advantage:
- Obviously, our swapx.launchzone.org offers better swap rates than other AMMs because it finds the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders.
Target:
- Increase the number of users and the adoption of Binance Smart Chain.
- Increase transaction volume and liquidity for wSOTE.
- Help users get the best swap rate when swapping trading pairs with wSOTE.
Form of implementation:
- The Referral Trading Contest organized by LaunchZone SwapX & Soteria Finance
Location of implemtation:
- On LaunchZone SwapX at swapx.launchzone.org
- Leaderboard: swapx.launchzone.org
Details:
- User who connect his/her wallet to SwapX shall have a unique referral link. The user copies the link and sends it to his/her friends. The winner of the contest will be the one with the highest total of friends’ trading volume.
Price and reward:
- 6,000 wSOTE
Time period of implementation:
- 1 week.
- Date & Time: From 5th February 2021, 10:30 PM (Hongkong Time) to 12th February 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 420 wSOTE
- 2nd Place: 300 wSOTE
- 3rd Place: 240 wSOTE
- 4th Place: 180 wSOTE
- 5th-10th Place: 90 wSOTE
- 11th-100th Place: 48 wSOTE
Campaign rules:
- LaunchZone reserves the right to disqualify traders that are deemed wash trades or showing any kind of self-dealing.
- LaunchZone shall only calculate the total buy & sell volume of $wSOTE token over all trading pairs.
- LaunchZone reserves the right to cancel or amend any activity or activity rules at our sole discretion.
- The rewards will be contributed directly to the wallets of winners within 1 week after the campaign ends.
- All the rewards will be paid in wSOTE.
- Participants need to follow LaunchZone and Soteria Finance on https://twitter.com/bscexofficial and https://twitter.com/SoteriaFinance
Participants need to join our Telegram group https://t.me/bscextalk & http://t.me/SoteriaMutual
