New BSC Swap Contest is Live - Receive your share of 100,000 USDT Reward fund!

2021-06-10T14:55:43.157Z

As a sign of gratitude to the immense support from our community, and to celebrate Nimbus's integration on Binance Smart Chain (BSC), we have decided to organize a Swap Contest on the Nimbus Swap on BSC. The Contest will last only for 14 days, and the total prize pool is 100,000 USDT.

The main beauty of the content is that ALL participating users will receive their proportionate rewards!

1) How to receive rewards?

In a nutshell, there are 2 participation models:

Simply swap a minimum of a total of at least 1,000 NBU (BEP-20) on Nimbus Swap.
Swap a minimum of 2,500 NBU (BEP-20) on Nimbus Swap and then hold at least some of these NBU until the end of the contest.

The main difference is in the minimum amount that should be swapped and the consequent prize that the user will be eligible for. The more you swap and/or hold —the more rewards you receive!

Note that your total swap volume is calculated based on NBU/GNBU, NBU/BNB, GNBU/BNB, and NBU/BUSD pair swaps on the BSC network.

2) What’s the Reward fund?

The overall reward fund is 100,000 USDT worth of NBU (BEP-20).

However, this fund will be divided between the two participation models in the 40/60 ratio. This means, 40 000 USDT (in NBU) will be distributed proportionally between the participants of the first participation model and the remaining 60 000 USDT worth of NBU - between the second participation model participants.

3) How much time do you have?

You only have 14 days to swap as much as you can! Today, June 10, the contest has officially started and will run until June 24, 2021 (inclusive).

4) How will your reward be calculated?

For the first participation model, here’s the calculation:
Your Reward = (Your total swap volume / Cumulative total swap volumes of all participants of the 1st participation model) * 1st participation model reward fund, i.e. 40,000 USDT worth of NBU
Here’s the calculation for the second model:
Your Reward = [(Your total swap volume / Cumulative total swap volumes of all participants of the 2nd participation model) + (NBU token balance in your wallet at the end of the contest / Cumulative NBU token balances in the wallets of all 2nd participation model participants at the end of the contest)] / 2 * 2nd participation model reward fund, i.e 60,000 USDT worth of NBU

Important: your participation will count in only one of the two participation models and you can receive only one reward.

Your reward will be airdropped to your wallet in NBU (BEP-20) based on the exchange rate at Nimbus BSC Swap at the end of the contest. Also, please note that the airdrops will have a vesting period of 2 months followed by a gradual investing process of 20% per month. This helps protect the Nimbus community from the so-called “pumps and dumps”.

What are you waiting for? The Contest has already started! Go to Nimbus Swap, switch to BSC network, and start swapping NOW!

P.S. Not sure how to switch to the BSC Swap of the Nimbus Platform? Simple! We have a brief guide for you here!