Equation, a decentralized perpetual DEX, announced the launch of its long-awaited Interactive Ranking Tournament, allowing crypto enthusiasts to explore the protocol’s features and capabilities.
The Interactive Ranking Tournament is a Testnet Campaign that invites participants to complete their share of the 25,000 USDC prize pool Member NFTs and exclusive Testnet VIP roles. Notably, this Testnet campaign represents a significant milestone for Equation as it ushers in a new era of perpetual DEXs. This initiative encourages users to explore the Equation Testnet actively by participating in liquidity provision, limit orders, placing market, and engaging with others across various social media channels.
The campaign is reportedly designed to unite the DeFi community, allowing them to immerse themselves in Equation’s community and features. Particularly, the campaign allows DeFi users to gain an in-depth understanding of the Equation’s innovation Balance Rate Marketing Maker (BRMM) model. The Interactive Ranking Tournament will be done in two ways: social media tasks and Testnet-related interactions.
Commenting on the campaign, the Equation team stated:
“We are excited to launch this Interactive Ranking Tournament for our Testnet Campaign. Our goal is to encourage influencers and their communities to engage with our platform and explore the innovative features we offer, particularly testing out the leveraged liquidity model. We believe that by incentivizing users to explore the Testnet, we can create a more vibrant and actively involved community that will help shape the future of Equation.”
For the campaign, the Equation team is offering 25,000 USDC, Member NFTs, and exclusive Testnet VIP. From the total reward, 20,000 USDC will be distributed to the top 1000 participants, ranked based on the total number of entries they accumulated. In addition, the team will select 50 random users from all valid participants who will be awarded a prestigious Testnet VIP role in Discord. Also, top DeFi influencers will get the opportunity to earn exceptional rewards from the ‘Equation Promotion Ambassador’, which offers a 5,000 USDC bonus and 30 member NFTs.
To qualify for the testnet tokens, participants must connect their wallet and verify their Twitter account. They also need to provide liquidity or engage in perpetual trading. Participants can also engage in other additional challenges to earn more rewards, including providing leverage liquidity, open position, higher leverage trading, and inviting new users to earn the invitation bonus. The social tasks include following Equation on Twitter, retweeting and tagging friends, joining Discord, viewing the testnet tutorial, submitting the wallet address, introducing Equation to other communities, and creating content.
