In anticipation of the upcoming Katalyst upgrade, KyberSwap team are pleased to announce the next KNC trading contest on KyberSwap, with 300 prizes and over $10,000 to be won.
Join the contest here !
With Kyber’s new Katalyst protocol upgrade coming very soon, there’s no better time to start preparing your KNC for staking than now. KyberSwap team are happy to announce an exciting trading contest in which you can earn more KNC to stake after the Katalyst launch. The contest will run for about 9 days! From 27 June 2020 21:00 to 06 July 2020 23:59 (GMT+8).
Similar to previous KyberSwap contests, users will need to trade to accumulate points and the top winners will share a prize pool.
Users that successfully trade KNC by using the swap function in KyberSwap during the contest period will accumulate points based on their trade amount.
Top 300 traders will share the total prize pool of $10,000 worth of rewards. Please note that to accumulate points, one of the tokens traded must be KNC (any token → KNC or KNC → any token). No minimum trade amount.
Hold ≥2000, ≥5000 or ≥10000 KNC in your wallet to get 20%, 30%, or 40% more bonus points respectively for every KNC trade.
Trade KNC on Android or iOS app will yield you another 20% bonus points. Use Limit Order for your KNC swap yields another 20% extra points.
Click here to participate in this contest.
10 lucky Twitter winners will also get $30 each! Winners will be randomly selected
With 300 prizes and $10,000 ready to be rewarded, the team want to support your decision to stake KNC and help govern the growing Kyber community.
Being one of KyberNetwork’s most used DEXs, KyberSwap always makes sure that you have the best rate possible while trading KNC and other tokens.
Important: Staking carries its own set of risks, just like any other decentralized application and new technology. Be wary of scammers, phishing attempts, and fake websites. Please only stake an amount you are comfortable with and ensure that you fully understand the risks involved.
Kyber Network’s Katalyst upgrade comes with the launch of KyberDAO — a community platform that allows KNC token holders to participate in governance and earn rewards in the process.
Joining KyberDAO, you can stake your KNC to vote on important proposals for the Kyber Ecosystem. In return, you will receive rewards in ETH from part of the network fees collected through trading activities on Kyber Network.
To receive your rewards, you must vote on ongoing proposal campaigns, or delegate your KNC to a 3rd party staking pool operator so that they can vote on your behalf and send back your rewards. The more KNC you stake and the more campaigns you vote on — the bigger your rewards! Thus, accumulating KNC early on and voting on all campaigns will get you the most out of your KNC holdings.
Learn more about Staking and Voting in KyberDAO here.
Join the KNC Katalyst Trading Contest here !
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