2021 has been a year of transformation for all Loopringers. Following the official launch of our Layer 2 protocol, relayer, DEX, and smart wallet in 2020, Loopring and its community have gone through an astonishing year of growth. L2 accounts and Smart Wallets have surged, and Loopring trading volume has grown 100x in the past year. We will continue to scale Ethereum by improving Loopring’s high speed, low fee L2 ecosystem with many new additions to come.
At the same time, the LRC token has enjoyed a period of strong growth, further strengthening the Loopring ecosystem and its community. To show our sincere appreciation for the community’s support and to encourage further onboarding onto Layer 2, we are excited to bring you a holiday trading tournament with $600,000 worth of tokens up for grabs!
During the period from December 23 0:00AM(UTC) to December 30 0:00AM(UTC), we will have an exciting one-week swap tournament, supporting seven trading pairs. The first 4 pairs will come from Loopring, and will include 50,000 LRC rewards per pair, for a total of 200,000 LRC in rewards. The rest are sponsored by the corresponding projects, with 40,000 RICE rewards for RICE/USDT, 150,000 MOVD rewards for MOVD/ETH and 1,225,000 DEP rewards for DEP/ETH.
2021/12/23 0:00 AM to 2021/12/30 0:00 AM (UTC)
- All Loopring L2 or Smart Wallet users that trade in the above seven trading pairs are eligible for the trading competition. We will rank the top 100 addresses in terms of volume (AMM+Orderbook) per pair, and provide them with a total of $600,000 rewards. If you use the Loopring mobile Smart Wallet to trade, your volume will be weighted an extra 50% higher. (i.e., Smart Wallet users will receive a 1.5x multiplier in trading volume)
- The rewards of the top 25 traders in first 4 flagship pairs will be as follows, 1st place will be rewarded with 10,000 LRC;
The users ranked 26–100 will each be rewarded with 100 LRC.
- For RICE/USDT, MOVD/ETH and DEP/ETH, the actual size of the reward will scale based on the total reward, but maintain the same function.
e.g. RICE/USDT, the rewards of the top 25 traders will be as follows, 1st place will be rewarded with 8,000 RICE;
The users ranked 26–100 will each be rewarded with 80 RICE.
e.g. MOVD/ETH, the rewards of the top 25 traders will be as follows, 1st place will be rewarded with 30,000 MOVD;
The users ranked 26–100 will each be rewarded with 300 MOVD.
e.g. DEP/ETH, the rewards of the top 25 traders will be as follows, 1st place will be rewarded with 245,000 DEP;
The users ranked 26–100 will each be rewarded with 2,450 DEP.
- Rewards will be directly distributed to winners’ Layer 2 accounts before December 31.
- Loopring reserves the right to final decisions and interpretations of the rules of the swap tournament.
Wishing you and your loved ones a very Merry Christmas, Happy Holidays and a Prosperous New Year. Thank you all for your support throughout the year and all the best going into 2022.
From the Loopring Team.
DAOSquare is building an incubator belonging to the Web3 era. It has completed two rounds of financing. It is an innovative project favored by capital, including Hashkey, Alameda, and more than 30 well-known capital institutions worldwide. At the same time, DAOSquare is also incubating the current popular NFT project. They are committed to building a resource network to benefit all participants.
To allow every participant in the DAOSquare network to better obtain and drive rights, they designed $RICE. Any $RICE holder can stake $RICE to become a member of DAOSquare Governance and participate in DAOSquare’s incubation decision-making governance. At the same time, $RICE holders also have the opportunity to participate in the DAOSquare incubation project quota subscription.
About MOVE Network
MOVE Network aims at building a decentralized GameFi and metaverse ecosystem that offers players the most convenient and secure solutions to capture value to create, collect, trade, earn, stake, and auction digital assets on multiple chains. Not only having extensive partnerships with different blockchain players, MOVE Network is also well connected with the traditional gaming and telco world, reaching a much larger user base.
$MOVD tokens can be used as a utility token and a governance token. It levels up user experience of exploring GameFi and metaverse by offering plenty of premium advantages to MOVD tokens holders, including priority listing and discovery, airdrop and blindbox, discounted platform service fee, community governance, staking and farming, exclusive sales access and auctions, etc.
DEAPcoin is a platform that will create a new economy and culture in the PlayMining gaming field where digital assets will be distributed in a new age infrastructure that compensates users by using blockchain.
The ERC20-based token DEP will be used for transaction, within which the part of it will be return to the creators. The concept of distributing cryptocurrency to users can attract a large amount of users across the world to participate in, and thereby building the DEP ecosystem.
Loopring is an Ethereum Layer 2 zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 orderbook and AMM DEX. To learn more, you can sign up for our Quarterly Update or see Loopring.org.