Equito Finance Testnet V2
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Reward pool
USDC
NFTs, EQI
Expected profit
up to 550 USDC
NFTs, EQI
Max participants
∞
No limit
DropsEarn score
Neutral
Normal, Low Risks
Details
Equito Finance is a cross-chain decentralized exchange built on the Algorand blockchain allowing users to swap and earn on a true cross-chain Dex. They aim to create a fully decentralized and open market for DeFi users. They are motivated by a desire to create a strong, open, and trustless financial market where bids and asks meet without the involvement of third parties.
What Does the Testnet Aim to Achieve?
The goal for the launch is to test and abuse their code not only for their DEX but also for their bridge to Ethereum. The more these aspects are tested, the stronger Equito Finance will be.
What are the Incentives?
The incentives will not only include USDC rewards but the testers will also be rewarded with special Equito Finance NFTs which hold unique value.
How the incentives work.
The incentives are formatted as follows: The first tier of incentives only includes a common NFT. This will be available to receive for the first 3,000 testers. If you are not part of this first group of 3,000 testers, then do not worry because you will still have a chance to receive one or both of the next two tiers. The second tier includes a rare NFT and $150 worth of USDC. Only the tester who bridges the most liquidity, the tester who adds the most liquidity to the liquidity pool, and the tester who swaps the most will be granted these rewards. Finally, tier 3 will be granted to the single tester with the best average score over all three areas of tier two. Tier three includes the rarest NFT as well as $550 of USDC.
What is the NFT's unique value?
The value of the NFTs is not just for looks. When someone possesses an NFT, they will automatically be eligible to receive Equito Finance’s EQI governance token, which is set to release late this year. Each holder will receive EQI at its launch late this year. At any point, the owner is free to sell their NFT and anyone can buy more from Equito’s collection posted on the ALGOxNFT marketplace.
NFT Overview:
The Equito Finance NFT collection (named “the Protocol Origins”) takes inspiration from the comics “The Equito Protocol.” The comics, made and posted by Equito Finance, follow their main character “Nova” and her “Revolutionaries” along their mission to restore balance to the city of Netcity by defeating the evil and corrupted Lock Capital corporation.
Structured with a 5-rank rarity, the NFT rewards will be as follows:
Rank: Common
Name: “Headless” Hat
Total unit: 4.000,00
EQI value: 100,00
Rank: Non-common
Name: “Police Officer”
Total unit: 1,000.00
EQI value: 400.00
Rank: Rare
Name: Dante
Total unit: 250.00
EQI value: 1,600.00
Rank: Epic
Name: Henry Locksman
Total unit: 50.00
EQI value: 8,000.00
Rank: Legendary
Name: Nova Litner
Total unit: 10.00
EQI value: 40,000.00
How will the NFTS be distributed?
Once the testnet contest is over, the team will check all the whitelist participants, their eligibility, and rank. Please note that you must participate in testing the testnet and fill out the Whitelist.
To redeem the NFTs, the eligible participant must join with the shared link into the ALGOxNFT shuffle.
Links
About
Equito Finance has launched its second Testnet. The Testnet will include incentives for the first 3,000 testers with opportunities to earn even better incentives for participation.
Activity Type
Registration
Open
When Reward:
None
Event Status