Primit × Avalanche Season 1 “On-Chain Perp Frenzy” is now officially live on the Avalanche network. With a total prize pool of 100,000USDT equivalentin AVAX and four simultaneous reward mechanisms, this marks the first large-scale on-chain perpetual trading incentive event in the Avalanche ecosystem.

Full Mechanism Overview

1. Daily Random User Rewards ($7,000 pool)
   • Every day, 20 users with ≥$200 trading volume are randomly selected to share a $500 pool. 280 total winner slots over 14 days. Draws execute automatically via script daily, with off-chain public verification.
2. Twitter Contributor Rewards ($5,200 pool)
   • For community content creators. Post high-quality Primit tutorials, strategy analysis, risk management, or reward breakdowns on Twitter/X with #PrimitAvalanche. Human + Agent review. Top contributors earn $300–$500 each.
3. Referral Rebate Mechanism ($50,000 pool)
   • Every user receives an auto-generated unique Referral Code. A referred user must register via the code and achieve ≥$500 cumulative volume with ≥5 trades during the event to count as valid. After the event, the $50,000 pool is distributed proportionally by valid referral volume. No individual cap.
4. Volume Leaderboard ($37,800 pool, Top 120)
   • Ranked by cumulative volume after the event:
     1. Top 1: $4,000
     2. Top 2: $2,500
     3. Top 3: $1,800
     4. Top 4–10: $1,000 each (total $7,000)
     5. Top 11–30: $450 each (total $9,000)
     6. Top 31–60: $250 each (total $7,500)
     7. Top 61–120: $100 each (total $6,000)

Avalanche Multiplier

Volume from AVAX-related pairs or using native gas receives a 1.5x weighting. This design directs traders toward Avalanche’s core ecosystem assets while providing quantifiable on-chain activity data for the Avalanche Foundation.

Founder Quote

“Season 1 is not a simple airdrop event. It’s a product stress test. We aim to prove that on-chain perpetual trading is ready to carry real, high-frequency, professional demand. Avalanche’s infrastructure makes this possible.” — Team Primit

About Primit & Avalanche

Primit is a next-generation on-chain perpetual contract trading platform focused on low-latency, low-fee, fully transparent on-chain derivatives. Avalanche is a high-performance Layer 1 blockchain known for sub-second finality and minimal gas costs.

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Event Portal:

Event Period: July 15 — July 28

Source: BeInCrypto