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Singapore, Singapore, September 28th, 2023, Chainwire
Equation, the decentralized perpetual DEX, is excited to announce the launch of its Interactive Ranking Tournament, a Testnet Campaign that invites all crypto enthusiasts to explore the protocol's features and capabilities. Participants have the opportunity to compete for a share of the 25,000 USDC prize pool, exclusive Testnet VIP roles, and Member NFTs. This initiative encourages users to actively explore the Equation Testnet by participating in liquidity provision, placing market and limit orders, and engaging with Equation's community across various social media channels. The Testnet Campaign represents a significant milestone for Equation in ushering in a new era of perpetual DEXs, showcasing its innovative approach.
Interactive Ranking Tournament
Equation's Interactive Ranking Tournament is a groundbreaking event designed to bring the DeFi community together through various incentivized activities. The primary objective of this event is to extend a special invitation to DeFi influencers and their communities, encouraging them to immerse themselves in the Equation Testnet experience and thoroughly explore the product's features. The campaign comprises two distinct components: social media tasks, as well as Testnet-related interactions. Participants can easily earn entries by familiarizing themselves with Equation’s mechanism and completing basic social media tasks via Gleam. Furthermore, participants can amplify their chances of winning by engaging in various Testnet activities to delve deeper into exploring Equation’s impressive capabilities.
Exploring the Equation Testnet
To be eligible for the substantial reward pool, participants are required to complete at least the following tasks: connect their wallet and verify their Twitter account to claim Testnet tokens (1000 eUSD), provide liquidity, or engage in perpetual trading. Beyond the initial tasks, Equation's Testnet also offers a wide range of additional challenges for participants to explore even further and earn additional entries, including:
- Provide leveraged liquidity: Offer more than 10,000 eUSD in total (leveraged).
- Open position: Experience the open position feature at least once.
- Higher leverage trading: Open a position with ≥ 50x leverage.
- Invitation bonus: Invite valid new users through the Testnet referral link.
These Testnet interaction tasks offer users the opportunity to gain an in-depth understanding of Equation's innovative Balance Rate Market Maker (BRMM) model through hands-on user experiences.
Social Media Engagement Tasks
The Interactive Ranking Tournament also features a comprehensive set of social media tasks aimed at engaging a diverse range of crypto enthusiasts. These tasks not only grant participants additional entries but also ensure successful event registration by submitting their ARB wallet address through Gleam. This guarantees their inclusion in the final entry rankings. The social media tasks include:
- Follow Equation on Twitter: Stay updated with Equation's latest announcements.
- Retweet and tag friends: Spread the word by sharing Equation's Testnet event.
- View the testnet tutorial: Follow Equation's Medium and read the Testnet tutorial.
- Join Discord: Become part of the Equation community on Discord.
- Submit the wallet address: Register your wallet address for Testnet participation.
- Introduce Equation: Share Equation with other DeFi communities and provide evidence of your outreach.
- Create content: Produce articles or videos introducing Equation and share them on your social media platforms.
Equation's Interactive Ranking Tournament presents an alluring array of rewards, boasting a substantial total of 25,000 USDC, along with exclusive Testnet VIP Roles and Member NFTs. Out of the total reward pool, 20,000 USDC will be distributed to the top 1,000 participants based on their event rankings, determined by the total number of entries they've accumulated. Additionally, 50 fortunate users will be randomly selected from all valid participants, each of whom will be awarded with a prestigious Testnet VIP role in Discord.
Moreover, Equation has reserved a special place for top DeFi influencers with its "Equation Promotion Ambassador" rewards. The top 30 influencers who successfully encourage the most valid users to join the Interactive Ranking Tournament will enjoy an exceptional reward. This special package includes not just the 5,000 USDC Bonus Pool but also 30 Member NFTs, making it a truly remarkable offering.
This initiative showcases Equation's dedication to fairness in reward distribution, underscoring its commitment to fostering a thriving and inclusive community of enthusiastic DeFi supporters.
"We are excited to launch this Interactive Ranking Tournament for our Testnet Campaign," says the Equation team. “Our goal is to encourage influencers and their communities to engage with our platform and explore the innovative features we offer, particularly testing out the leveraged liquidity model. We believe that by incentivizing users to explore the Testnet, we can create a more vibrant and actively involved community that will help shape the future of Equation."
Equation is a decentralized perpetual contract built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to establish larger and unrestricted positions while enhancing capital efficiency for LPs. As one of the DeFi protocols advocating for the resurgence of the 'Fair Launch', Equation stands as a testament to the power of community-driven innovation in shaping the future of decentralized finance. It prioritizes security and transparency, providing traders with a reliable and secure environment for perpetual trading participation.
For more information on Equation's Testnet Event (Interactive Ranking Tournament), please visit https://equation.org/event
Equation Media Team
Disclaimer: Press release sponsored by our commercial partners.