Primit Officially Deploys on Avalanche, Launching Season 1 Trading Incentive Program

TheNewsCryptoPublished on 2026-07-08Last updated on 2026-07-08

Abstract

Primit has officially deployed on the Avalanche network, launching "Season 1: On-Chain Perp Frenzy" on July 15. This 14-day trading incentive program offers a total reward pool of $100,000 in AVAX to on-chain perpetual traders. Primit selected Avalanche for its sub-second finality and low gas costs, which are critical for high-frequency trading. The platform aims to prove its capability to handle professional-grade demand. The event features four reward mechanisms: daily random rewards for 20 users, a $3,000 pool for Twitter contributors, a $50,000 referral rebate pool, and a volume leaderboard with $37,800 for the top 120 traders. Trades involving AVAX pairs receive a 1.5x volume multiplier. Concurrently, Primit is introducing a permanent, volume-based tiered fee structure to maintain a competitive edge alongside Avalanche's low transaction costs. The event runs from July 15 to July 28, 2026.

Primit today announced its official deployment on the Avalanche network, with the launch of Season 1: Primit × Avalanche “On-Chain Perp Frenzy” set for July 15. The 14-day trading incentive event features a total reward pool of 100,000USD equivalent in AVAX, open to all on-chain perpetual contract traders.

Strategic Significance

Primit selected Avalanche as its launch chain based on its sub-second finality and minimal gas costs. For perpetual trading, every millisecond of latency impacts liquidations and position safety. Avalanche’s architecture is inherently suited for high-concurrency, low-latency DeFi scenarios, while Primit’s orderbook and funding rate mechanisms deliver a CEX-grade experience on-chain.

“We’re not simply deploying a frontend on Avalanche — we’re bringing the full perpetual infrastructure onto the chain,” the Primit team stated. “Season 1 has a clear objective: prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.”

Season 1 Mechanism Preview

The event features four reward mechanisms covering the full spectrum from retail to professional traders:

  1. Daily Random User Rewards: 20 users with ≥$200 daily trading volume randomly selected each day to share a $400 pool. 280 total winners over 14 days.
  2. Twitter Contributor Rewards: $3,000 pool rewarding high-quality tutorials, strategy analysis, and risk management content posted with #Primit #Avalanche.
  3. Referral Rebate Mechanism: $50,000 total pool distributed proportionally by valid referral trading volume. No individual cap.
  4. Volume Leaderboard: Top 120 traders share $37,800, with Top 1 receiving $4,000. AVAX-related pairs receive a 1.5x volume weighting multiplier.

Long-Term Value: Tiered Fee Structure

Primit is simultaneously launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche’s low gas costs to form a sustainable competitive advantage.

About Avalanche

Avalanche is a high-performance, interoperable Layer 1 blockchain platform achieving high throughput and rapid finality through its unique consensus mechanism — a preferred infrastructure for DeFi and institutional-grade applications.

About Primit

Primit is a next-generation on-chain perpetual contract trading platform focused on delivering low-latency, low-fee, fully transparent on-chain derivatives trading.

Event Portal: https://primit.io/ or https://app.primit.io/trade

Event Period: July 15 — July 28, 2026

Twitter: https://x.com/primitforall https://x.com/avax

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 is the total value of the reward pool for Primit's Season 1 incentive program on Avalanche?

AThe total reward pool for the Season 1 "On-Chain Perp Frenzy" trading incentive program is 100,000 USD equivalent in AVAX.

QWhat is the primary technical reason Primit chose to deploy on the Avalanche network?

APrimit selected Avalanche based on its sub-second finality and minimal gas costs, which are critical for minimizing latency in perpetual contract trading and ensuring position safety and timely liquidations.

QAccording to the article, what is the main objective of Primit's Season 1 program?

AThe main objective of Season 1 is to prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.

QName two of the four reward mechanisms featured in the Season 1 incentive event.

ATwo of the four mechanisms are: 1) Daily Random User Rewards and 2) Referral Rebate Mechanism. (Others include Twitter Contributor Rewards and a Volume Leaderboard).

QAfter Season 1 ends, what permanent platform feature is Primit launching alongside the incentive program?

APrimit is launching a cumulative volume-based tiered Maker/Taker fee structure, which will remain as a permanent platform standard after Season 1 ends.

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