TrustSwap, a DeFi project that provides a variety of different services, recently announced the launch of a new program designed to incentivize smaller stakeholders. The program is called the FlashDrop program and will actually reward users with a certain amount of SWAP tokens up to $3,000. In this way, it will create opportunities for the loyal SWAP community and is expected to attract new users who are interested in participating in the program.
What do you need to know about FlashDrop?
The crypto industry has various projects, and there are millions of people who may still not know about TrustSwap. The plan will help bring the project to attention and show them all the advantages and advantages of this emerging DeFi project.
There are some important things to note about FlashDrop.
1) Where is it launched?
First of all, it will be conducted by YIELD App, another DeFi-based platform, which was actually launched on TrustSwap’s Launchpad at the end of 2020. The platform provides generous returns (up to 20% APY) for Bitcoin, Ethereum and two stablecoins-tether and dollar coins.
The platform believes that everyone in the world should have the same opportunity to obtain emerging opportunities in the investment world, which has not been for a long time. Initially, only wealthy individuals and financial institutions could invest in projects. With the invention of the Internet, a centralized investment platform emerged and expanded the possibilities including retail investors.
Now, with the takeover of the era of decentralization, projects like YIELD App aim to use it to promote more investment capabilities and create an easy-to-use system that everyone in the world can understand and use.
As mentioned earlier, the platform was launched on the launchpad of TrustSwap, which was created by TrustSwap to help the new token stand up and provide its community with the best investment opportunities.
Since launch Trust exchangeThanks to its innovative technology and growing community, YIELD App’s YLD tokens have soared, rising by approximately 1,700% from the issue price.
2) What is FlashDrop about?
As mentioned earlier, FlashDrop’s goal is to incentivize stakeholders by granting 3,000 users the opportunity to win 500 YLD tokens per opportunity. There is no need to compete to increase your trading volume score or get the best revenue through trading-the entire event will be treated as a completely transparent lottery, and users only need to meet some specific requirements to qualify.
Some users may already be eligible to participate and win rewards, and new users who are only arriving now will have to make some preparations within the next few days of the event.
Having said that, the event will be held on April 23, and the time will be from 9 am to 9 pm Pacific Standard Time (PST).
3) How will the activity be carried out? What do you need to participate in the event?
The first thing to note is that the project will take a snapshot of the event at 9 a.m. Pacific Standard Time on April 22nd. Therefore, you must complete all preparations before then.
When the snapshot is taken, every address with 500 SWAP tokens can participate in the lottery and will get 1 ticket. The only exception is the address holding the TrustSwap gold coupons, because they will automatically receive 500 YLD. However, these users are still eligible to participate, so if they eventually win the lottery, they will receive a total of 500 yen.
Similarly, users who already have at least 1,000 YLD will receive a second lottery ticket, which increases their chances of winning. However, it should be noted that users need to have 500 SWAP to be eligible. Without these coins, not many YLD will help them win rewards.
Finally, all users who wish to participate need to have a YIELD App account, which has been successfully registered and fully verified. This means that in addition to loading the tokens required to receive the ticket into the account, the KYC procedure must also be passed.
The program will once again award a total of 3,000 user addresses through a completely transparent and provably fair random draw to be held on April 23. Users can apply for participation through the TrustSwap dashboard.
4) Important limitations to remember
Users also need to keep in mind some restrictions. First, anyone who previously claimed to participate in the YLD airdrop in the SwapDrop round will not be eligible to participate. Likewise, no U.S. residents and citizens can participate.
In the end, each person can only make one claim, unless the user receives a second ticket due to holding 500 SWAP and 1000 YLD in advance.
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