Kava Labs Swap Testnet Competition

Detailed information 

Before the testnet starts:

• Users can check this list to confirm their address is registered.
• Make sure your TrustWallet or Ledger is ready for connecting to the testnet.
• If you are using a ledger for the first time, please complete this configuration.

How to access the testnet:

• Visit app.swap-testnet.kava.io (coming soon) and connect your TrustWallet or ledger.
• When the testnet launches on July 28th @ 17:00PST, all users will already have the same starting balance. Unlike past testnets, there is no need to get coins from a faucet
• All users will start with an equal amount of coins, totaling ~10k USD. Users will receive a combination of all available coins on Kava platform ( KAVA, HARD, USDX, BUSD, BTCB, BNB, and XRPB)

Swap Between Different Coins

Add Liqudity to an Existing Pool

Create a New Pool and Set the Initial Prices

What to watch for when the testnet starts:

• Initially, there will be no pools, so pools will be created by contestants after the launch. Any user can create a pool (must be quick to act), or wait for them to appear in the web app.
• Users will be able to swap between coins, add/remove liquidity from an existing pool, or create a new pool.
• Be vigilant for arbitrage opportunities when pools are created — these could be a great opportunity to increase the USD value of testnet funds. Frequently check asset prices on testnet to take advantage of arbitrage opportunities.
• At launch, all pools will have the same SWP rewards. After launch, Kava Labs alter the APYs at random intervals, so check the web app to maximize your SWP reward earnings.
• Post launch, Kava Labs will also cause price dislocations in the pools. This will lead to profitable arbitrage opportunities for those who are watching closely.
• USDX minting will be included in the testnet — that is another option to consider in attempt to maximize SWP rewards.

Payouts 

• Users can only win one prize:
• Tier 1 — top 1% of participants are entered in random drawing for one of five 10,000 USD prizes
• Tier 2 — top 5% of participants get entered in random drawing for one of twenty 2,500 USD prizes
• Payouts will be priced 14 days (12:00 UTC) after successful Kava Swap mainnet launch and distributed the following business day.

Bonus

Up to 3 additional $10,000 prize pools will be awarded to the next 100 top-performing users for each additional 5,000 participants beyond 30,000.

• 30,000 Registrants: $110,000 total, 125 winners
• 35,000 Registrants: $120,000 total, 225 winners
• 40,000 Registrants: $130,000 total, 325 winners

More

• Competition Period
• Important URLs
• Competition Details
• Tips to Win