Primit Season 1 Launches: $100K Avalanche Perp Trading Event Live
Kartik Sharma
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:
Top 1: $4,000
Top 2: $2,500
Top 3: $1,800
Top 4–10: $1,000 each (total $7,000)
Top 11–30: $450 each (total $9,000)
Top 31–60: $250 each (total $7,500)
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: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Participation in digital asset and perpetual trading activities involves risk. Readers should conduct their own research and carefully assess their risk tolerance before participating in any campaign or trading activity.
