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We’re happy to announce LuaSwap’s first trading competition on the TomoChain version with 50,000 $LUA up for grabs.Competition period: 2021/04/07 10:00 AM (UTC) to 2021/04/12 10:00 AM (UTC)Approved trading pairs: TOMO-USDT, LUA-USDT, TOMO-LUA, TOMO-ETH, TOMO-SRM, and TOMO-FTT on the TomoChain version.LeaderboardPromotion A: 6 Top traders — 30,000 LUA to winThe 6 traders with the highest trading volume in each of the 6 approved trading pairs will receive 5,000 LUA each.LUA-USDT: 5,000 LUALUA-TOMO: 5,000 LUATOMO-ETH: 5,000 LUATOMO-FTT: 5,000 LUATOMO-SRM: 5,000 LUATOMO-USDT: 5,000 LUATo be eligible, participants MUST trade at least 5,000 USD across the approved trading pairs during the competition period.Promotion B: Trade to win 10,000 LUAOnly one trader with the highest trading volume across 6 approved trading pairs will receive 10,000 LUA. To be eligible, participants MUST trade at least 20,000 USD across the approved trading pairs during the competition period.Promotion C: Trade 200 USD and Share 10,000 LUAAll users that trade at least 200 USD across the approved trading pairs during the competition period will evenly split a pool of 10,000 LUA.Terms & conditionsLuaSwap 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 tradesTrading from smart contract address is not allowed in the competitionTrading volume refers to both buys and sells across 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 LuaSwapLuaSwap 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.Follow LuaSwap on Twitter | Telegram | Medium | WebsiteThe 1st LuaSwap trading competition on TomoChain was originally published in LuaSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.
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