Primit Season 1 Officially Launches: $100,000 Avalanche On-Chain Perp Trading Incentive Event Now Live

TheNewsCryptoPublished on 2026-07-15Last updated on 2026-07-15

Abstract

Primit, in collaboration with Avalanche, has officially launched "Season 1: On-Chain Perp Frenzy," a large-scale incentive event for on-chain perpetual trading on the Avalanche network. The campaign features a total prize pool equivalent to 100,000 USDT in AVAX, distributed across four concurrent reward mechanisms. Key components of the event include: * **Daily Random User Rewards ($7,000 pool):** Over 14 days, 20 users daily with at least $200 in trading volume are randomly selected to share a $500 daily pool. * **Twitter Contributor Rewards ($5,200 pool):** Rewards of $300–$500 for high-quality community content about Primit on Twitter/X using #PrimitAvalanche. * **Referral Rebate Mechanism ($50,000 pool):** A proportional share of the pool is distributed based on valid referral volume, with no individual cap. Referred users must register via a code and achieve ≥$500 cumulative volume with ≥5 trades. * **Volume Leaderboard ($37,800 pool):** Top 120 traders by cumulative volume receive rewards ranging from $100 to $4,000. The event runs from July 15 to July 28. Trading volume from AVAX-related pairs or using native gas receives a 1.5x multiplier, incentivizing engagement with Avalanche's core ecosystem. According to the Primit team, the season serves as a product stress test to demonstrate the readiness of on-chain perpetuals for high-frequency, professional trading demand, facilitated by Avalanche's high-performance infrastructure. Relevant links to the official ...

Primit × Avalanche Season 1 “On-Chain Perp Frenzy” is now officially live on the Avalanche network. With a total prize pool of 100,000USDT equivalentin AVAX and four simultaneous reward mechanisms, this marks the first large-scale on-chain perpetual trading incentive event in the Avalanche ecosystem.

Full Mechanism Overview

  1. Daily Random User Rewards ($7,000 pool)
    • Every day, 20 users with ≥$200 trading volume are randomly selected to share a $500 pool. 280 total winner slots over 14 days. Draws execute automatically via script daily, with off-chain public verification.
  2. Twitter Contributor Rewards ($5,200 pool)
    • For community content creators. Post high-quality Primit tutorials, strategy analysis, risk management, or reward breakdowns on Twitter/X with #PrimitAvalanche. Human + Agent review. Top contributors earn $300–$500 each.
  3. Referral Rebate Mechanism ($50,000 pool)
    • Every user receives an auto-generated unique Referral Code. A referred user must register via the code and achieve ≥$500 cumulative volume with ≥5 trades during the event to count as valid. After the event, the $50,000 pool is distributed proportionally by valid referral volume. No individual cap.
  4. Volume Leaderboard ($37,800 pool, Top 120)
    • Ranked by cumulative volume after the event:
      1. Top 1: $4,000
      2. Top 2: $2,500
      3. Top 3: $1,800
      4. Top 4–10: $1,000 each (total $7,000)
      5. Top 11–30: $450 each (total $9,000)
      6. Top 31–60: $250 each (total $7,500)
      7. Top 61–120: $100 each (total $6,000)

Avalanche Multiplier

Volume from AVAX-related pairs or using native gas receives a 1.5x weighting. This design directs traders toward Avalanche’s core ecosystem assets while providing quantifiable on-chain activity data for the Avalanche Foundation.

Founder Quote

“Season 1 is not a simple airdrop event. It’s a product stress test. We aim to prove that on-chain perpetual trading is ready to carry real, high-frequency, professional demand. Avalanche’s infrastructure makes this possible.” — Team Primit

About Primit & Avalanche

Primit is a next-generation on-chain perpetual contract trading platform focused on low-latency, low-fee, fully transparent on-chain derivatives. Avalanche is a high-performance Layer 1 blockchain known for sub-second finality and minimal gas costs.

  • Follow Twitter : https://x.com/primitforall
  • Event Portal: https://app.primit.io/campaigns
  • Event Period: July 15 — July 28

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

TagsPress ReleasePrimit

Related Questions

QWhat are the four reward mechanisms in the Primit Season 1 "On-Chain Perp Frenzy" event?

AThe four reward mechanisms are: 1) Daily Random User Rewards with a $7,000 pool, 2) Twitter Contributor Rewards with a $5,200 pool, 3) Referral Rebate Mechanism with a $50,000 pool, and 4) Volume Leaderboard with a $37,800 pool for the top 120 traders.

QHow does the Avalanche Multiplier work in this event?

ATrading volume generated from AVAX-related pairs or when using native gas for transactions receives a 1.5x weighting. This design incentivizes activity with Avalanche's core assets and provides the Avalanche Foundation with quantifiable on-chain data.

QHow much can the user who finishes in first place on the Volume Leaderboard earn?

AThe user who ranks first on the cumulative volume leaderboard after the event can earn $4,000.

QWhat is the purpose of the Primit Season 1 event according to the founder's quote?

AAccording to the founder, Season 1 is not a simple airdrop but a product stress test. The aim is to prove that on-chain perpetual trading is ready to handle real, high-frequency, professional demand, made possible by Avalanche's infrastructure.

QWhat are the start and end dates for the Primit Season 1 event?

AThe Primit Season 1 "On-Chain Perp Frenzy" event runs from July 15 to July 28.

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