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.

Related Reads

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit1h ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit1h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

South Korean stock market sees a dramatic shift in fund flows. On July 31, foreign investors made a record net purchase of approximately KRW 7.2 trillion in KOSPI stocks, marking a fundamental reversal from the persistent large-scale net outflows seen in previous months. This contributed to a significant narrowing of foreign net selling in July to KRW 9.8 trillion, down sharply from KRW 48.4 trillion in June and KRW 44.5 trillion in May. Simultaneously, domestic institutional pressure eased. South Korean pension funds and asset managers turned to a net buying position in July, purchasing KRW 1.0 trillion worth of KOSPI shares, contrasting with net sales in May and June. Market volatility is expected to be dampened by new financial regulations. Effective July 31, the Financial Services Commission tightened access for retail investors to single-stock leveraged ETFs by raising the minimum cash deposit requirement. Trading volumes for these products subsequently dropped to about 50% of their monthly average. Citigroup Research maintains its year-end KOSPI target of 10,000 points. The firm cites several supportive factors: the substantial easing of headwinds from capital outflows, a robust fundamental outlook for the semiconductor sector, historically low market valuations, strong economic fundamentals, and the potential for policy support from financial authorities if needed.

marsbit1h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

marsbit1h ago

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

OpenAI's next-generation AI model Astra achieves breakthroughs in 10 long-standing mathematical conjectures. The results, including constructing the first known infinite, finitely presented non-sofic group—resolving a major question since 1999—and advancing the high-dimensional sphere packing problem beyond a 46-year-old barrier, are detailed in a 249-page paper. Key proofs have been formally verified using Lean 4. The AI also refuted a rigidity conjecture by Fields Medalist Alain Connes. According to OpenAI, generating these proofs cost under $2,000. Experts describe the findings as potentially Fields Medal-worthy and a landmark moment for both mathematics and AI, showcasing the model's ability to produce profound, human-like reasoning across diverse fields like group theory, geometry, and operator algebras.

marsbit3h ago

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

marsbit3h ago

How to Make Yourself Irreplaceable by AI Forever

This article argues that the primary threat from AI is not job replacement, but remaining trapped in "wage slavery"—financial dependence on employers. The path to becoming irreplaceable is not resisting AI, but becoming an "unemployable" individual who builds their own meaningful enterprise. The author identifies five key elements for this: Agency (acting without permission), Taste (judging what's worthwhile), Persuasion, Persistence, and Iteration. The solution is to stop being a "pawn" in someone else's game. To start, you must fundamentally change your identity and environment, then engage in rapid, real-world trial and error. While both coding and creating media (content) are powerful, content is more crucial. AI can generate assets, but true value lies in subjective, human-driven content that builds trust and narrative. The actionable advice is to carve out 15 minutes to answer foundational questions: 1) Uncover your "raw material"—what you know deeply or solve effortlessly. 2) Define your contrarian perspective—what common beliefs you think are wrong. The intersection of these answers is your direction. Finally, you must launch by publishing your first core idea immediately, using the feedback to iterate and develop the skills needed for a self-directed life and career.

marsbit3h ago

How to Make Yourself Irreplaceable by AI Forever

marsbit3h ago

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

The article discusses using dice rolls to generate secure Bitcoin wallet seeds, providing entropy independent of potentially flawed hardware random number generators. It explains that each fair dice roll offers about 2.585 bits of entropy, with around 50 rolls needed for a standard 12-word seed phrase and 99+ recommended for higher security. This method gained attention after a vulnerability was revealed in some Coldcard hardware wallets, where a faulty firmware RNG (dating back to 2021) compromised generated keys. The analysis notes that while a dice-generated main seed was safe from this specific flaw, other Coldcard functions (like creating paper wallets, backup keys, or passwords) could still be vulnerable if they used the defective RNG. The piece argues that while dice-based entropy is technically robust, the manual process is error-prone, tedious, and unrealistic for most new users, who might make mistakes in recording or inputting rolls. It concludes that while manual entropy generation should remain an option for advanced users, the long-term goal is to develop reliable, user-friendly hardware and software that securely generates randomness without requiring specialized knowledge. Coldcard users are advised to check their firmware version and replace any secondary secrets (like paper wallet keys) created with vulnerable devices, while also considering multi-signature setups with devices from different manufacturers for added security.

cryptonews.ru6h ago

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

cryptonews.ru6h ago

Trading

Spot
活动图片