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

TheNewsCryptoPublicado a 2026-07-15Actualizado a 2026-07-15

Resumen

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

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.
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.
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.
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.

Preguntas relacionadas

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.

Lecturas Relacionadas

Ripple CEO Brad Garlinghouse Urges Senate to Back CLARITY Act, Says Trades “Weren’t Small”

Ripple CEO Brad Garlinghouse urges the U.S. Senate to support the revised CLARITY Act ahead of a crucial September 15 vote. He argues the bipartisan crypto market structure bill is not a mere compromise but the result of significant policy negotiations, stating the "trades weren't small." Garlinghouse endorsed Treasury Secretary Scott Bessent's push for the bill, which includes new tools to protect community banks from potential harm caused by stablecoins. The revised act, containing 126 changes to gain Democratic support, heads to a procedural cloture vote. Garlinghouse emphasized global and voter attention, calling on senators to vote yes. Concurrently, XRP's price saw a roughly 5% increase.

TheNewsCryptoHace 5 hora(s)

Ripple CEO Brad Garlinghouse Urges Senate to Back CLARITY Act, Says Trades “Weren’t Small”

TheNewsCryptoHace 5 hora(s)

Shenzhen Chip 'Little Giant' Restarts IPO, with Lei Jun, Huawei, and BOE Holding Shares

"Cloud Valley Technology, a Shenzhen-based 'little giant' specializing in AMOLED display driver chip design, has restarted its process for an A-share IPO by filing for listing tutoring with the Shenzhen Securities Regulatory Bureau on September 10th, with GF Securities as the tutoring institution. Established in May 2012 and listed on the Hong Kong Stock Exchange in May 2025, the company is a leader in its field. According to its prospectus, founder Gu Jing serves as Chairman and CEO. Major investors include Xiaomi's Yangtze River Fund and Tianjin Jinmi (controlled by Lei Jun), Huawei's Hubble Technology, BOE Technology, and Qualcomm China. Despite continuous revenue growth from 5.51 billion yuan in 2022 to 11.06 billion yuan in 2025, Cloud Valley has yet to achieve profitability, reporting net losses in the same period. R&D expenses have remained substantial, reaching 2.66 billion yuan in 2025. The company specializes in two product lines: AMOLED display driver chips primarily for smartphones, and Micro-OLED display backplanes/drivers for AR/VR devices. Frost & Sullivan data positions the company as the world's fifth-largest and China's largest supplier of AMOLED display driver chips by 2024 sales volume. It also holds a significant 40.7% market share in the global Micro-OLED display backplane/driver market. Notably, it was the first Chinese mainland company to supply AMOLED driver chips to major consumer electronics brands and has cumulatively sold over ten million chips to downstream brand customers. This marks Cloud Valley's second attempt for an A-share listing after withdrawing an application for the STAR Market in 2023."

marsbitHace 5 hora(s)

Shenzhen Chip 'Little Giant' Restarts IPO, with Lei Jun, Huawei, and BOE Holding Shares

marsbitHace 5 hora(s)

Ethereum, Base wallet standards talks fail, Ethlabs researcher says

Efforts to establish a shared account abstraction (AA) standard between Ethereum and Base have ended without agreement, leading each platform to pursue its own path. According to Ethlabs researcher Derek Chiang, interoperability took a backseat to each chain's core priorities, a decision that places the integration burden on wallet developers. They may now need to support separate transaction formats to maintain a consistent user experience across networks. Ethereum is advancing its "Frame Transactions" proposal (EIP-8141) as part of the upcoming Hegotá upgrade, focusing on native AA and future post-quantum security. Meanwhile, Base is developing its own native AA implementation via "Keystore" under EIP-8130, already active on its devnet. This divergence reflects differing focuses: layer-1 networks like Ethereum prioritize censorship resistance and security, while scalability-oriented layer-2s like Base align more with standards like EIP-8130. Despite the split, Chiang suggests it allows both chains to innovate freely according to their visions. Ethereum's Hegotá upgrade is tentatively slated for late 2026, following the major Glamsterdam upgrade aimed at improving scalability and usability.

cointelegraphHace 6 hora(s)

Ethereum, Base wallet standards talks fail, Ethlabs researcher says

cointelegraphHace 6 hora(s)

Zcash Price Forecast: Can ZEC Surpass $1,250 Amid Sharp OI Surge?

Zcash (ZEC) price extended its bullish run, supported by rising derivatives activity and market participation. It traded near $1,166 after reaching the $1,250 zone and pulling back slightly. The token remains well above key daily moving averages, indicating a strong bullish trend, though signs of weakening buying pressure have emerged. Technically, ZEC maintains a robust structure, holding above the $1,061 support level. A sustained hold here could see buyers challenge the $1,200-$1,250 resistance zone, with a break above targeting $1,297. However, a drop below $1,061 could lead to a retreat toward the $990-$1,000 area. Open Interest (OI) for Zcash derivatives surged, exceeding $2.17 billion, signaling increased speculative positions that could amplify price volatility. In contrast, spot flows showed instability, with a net outflow of approximately $1.05 million on September 15th, indicating uneven demand. Key levels are defined: Upside resistance at $1,200-$1,250 and $1,297; downside support at $1,061, followed by $990-$1,000, $873, and $800. The forecast hinges on whether buyers can defend $1,061 and break through the $1,250 resistance. While the broader trend is positive, caution is warranted due to easing buying pressure and high leveraged speculation.

cryptonews.ruHace 6 hora(s)

Zcash Price Forecast: Can ZEC Surpass $1,250 Amid Sharp OI Surge?

cryptonews.ruHace 6 hora(s)

Bitcoin short-term holders hit 30-day profit streak as bull-market odds improve: CryptoQuant

According to CryptoQuant analysis, Bitcoin short-term holders (STHs) have maintained a profit streak for 30 consecutive days as of mid-September 2026, marking the longest such period of the year. STHs, defined as wallets holding Bitcoin for less than six months, currently hold $168.2 billion in profit versus $102.6 billion in loss. Analysts view this sustained profitability as a key historical indicator for a potential bull-market reversal, similar to patterns seen at the end of the 2022 bear market. The broader Bitcoin investor base has also been in net profit since August 19. Data shows the cost basis for newer STHs (1-3 month holders) is $63,372, while for more mature STHs (3-6 month holders) it is $73,190, suggesting investor confidence is clustering above the $70,000 level as Bitcoin retains most of its gains from a 25% August rally.

cointelegraphHace 6 hora(s)

Bitcoin short-term holders hit 30-day profit streak as bull-market odds improve: CryptoQuant

cointelegraphHace 6 hora(s)

Trading

Spot