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

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. 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 410: $1,000 each (total $7,000) Top 1130: $450 each (total $9,000) Top 3160: $250 each (total $7,500) Top 61120: $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 Avalanches core ecosystem assets while providing quantifiable on-chain activity data for the Avalanche Foundation. Founder Quote Season 1 is not a simple airdrop event. Its a product stress test. We aim to prove that on-chain perpetual trading is ready to carry real, high-frequency, professional demand. Avalanches 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. Event Period: July 15 July 28