Flip OSWAP to Avalanche and get Rewarded
The OpenSwap team wishes to thank the trolls of you who assisted us by taking part in our last governance poll which helped us decide Avalanche as the next chain to extend to!
Avalanche is a thriving blockchain that supports smart contracts. It is a chain that is fast, cost-efficient and has shown its capability to accommodate a whopping 800k daily users. AVAX is the 4th biggest chain in terms of TVL, just behind Ethereum, Terra, and Binance Smart Chain. We applaud our Trolls for making this great choice!
In light of this upcoming transition, we wish to call upon our loyal trolls to give us one final push by locking and flipping your OSWAP tokens from BSC to AVAX on OpenSwap.
Our target is to reach 700,000 OSWAP locked, and once this target is achieved, we will bridge over to Avalanche!
The process is easy, simply:
- Connect to the OpenSwap DApp and click on ‘Flip OSWAP’
- Approve OSWAP tokens
- Insert the amount of OSWAP you wish to lock
- Submit your request by clicking on ‘Lock’
In return, the first 700,000 OSWAP tokens locked in the contract will be rewarded 5% of USD value in AVAX.
Please note that this event is on a first-come first-served basis, and only the first 700,000 tokens locked will be rewarded. Additional OSWAP tokens on top of the target amount will be flipped to Avalanche without any additional rewards.
Campaign Details
Start: 23 Feb 2022 (20:00 SGT)
Target Block: 15655300
Target Amount: 700,000 OSWAP
Rewards: 5% of USD value in AVAX
Important Date:
All locked OSWAP tokens will be flipped to Avalanche after the campaign period.
Reminder:
Please be reminded that locked tokens are not withdrawable. If the target amount is not reached, the tokens will be returned to participants on BSC after the target block.
*Disclaimer — In case of disputes, OpenSwap reserves the right to change, cancel, suspend the campaign with or without prior notice.
What to Expect from this Extension
This is the first step in our expansion to Avalanche, and there are many more exciting developments to come!
With the AVAX rewards you trolls are getting from this campaign, why don’t you try using our DEX Aggregator and Hybrid Smart Router that are already deployed on Avalanche? See how it compares to the one on BSC, and give us your feedback in OpenSwap Official Community.
We will soon port our Liquidity Queues to Avalanche so be sure to stay tuned to that! In addition, we may also test out some of our latest OS Pro offerings on Avalanche, if you trolls identify any promising projects on AVAX that you deem worthy of being our first cohort, let our core team know! Enjoy your stay at Avalanche, and when our single asset crosschain bridge launches, rest assured AVAX will be among the first batch of chains made available.
About OpenSwap
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and a single asset crosschain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a greater OpenSwap ecosystem that will become every crypto project’s BFF through a set of key offerings that will empower teams to establish funding and sustained token health, allowing teams to focus on what they do best — BUIDLing.
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