Primit Season 1 has officially launched: the $100,000 Avalanche On-Chain Perp Trading Incentive Event is now live

Primit × Avalanche Season 1 “On-Chain Perp Frenzy” is now officially live on the Avalanche Network. With a total prize pool of The equivalent of 100,000 US dollars AVAX and four simultaneous reward mechanisms, this represents the first large-scale on-chain permanent trading incentive event in the Avalanche ecosystem.

Overview of the complete mechanism

1. Daily random user rewards ($7,000 total)
   • Every day, 20 users with a trading volume of more than $200 are randomly selected to share a pool of $500. A total of 280 places for winners over the 14 days. Withdrawals are executed automatically via script daily, with general off-chain verification.
2. Twitter Bonuses for Contributors ($5,200 total)
   • For community content creators. Post high-quality Primit tutorials, strategy analysis, risk management or bonus details on Twitter/X using #PrimitAvalanche. Human + agent review. Top contributors earn $300 to $500 each.
3. Referral discount mechanism ($50,000 total)
   • Each user receives a unique, automatically generated referral code. The referred user must register via the code and achieve a cumulative volume of ≥$500 with ≥5 trades during the event to be counted as valid. After the event, the $50,000 pool will be distributed proportionally depending on the valid referral size. There is no individual ceiling.
4. Volume Leaderboard ($37,800 total, top 120)
   • Ranked by cumulative volume after the event:
     1. Top 1: $4,000
     2. Top 2: $2,500
     3. Top 3: $1800
     4. Positions 4 to 10: $1,000 each ($7,000 total)
     5. Top 11-30: $450 each ($9,000 total)
     6. Top 31-60: $250 each ($7,500 total)
     7. Top 61-120: $100 each ($6,000 total)

The avalanche doubled

Volume from pairs tied to AVAX or using native gas receives 1.5x weight. This design directs traders towards core Avalanche ecosystem assets while providing quantifiable activity data for the Avalanche Foundation.

Founder Quote

“Season 1 is not a simple airdrop event. It is a pressure test of the product. We aim to prove that always-on on-chain trading is ready to meet real, high-frequency professional demand. Avalanche’s infrastructure makes this possible.” —Primate Team

About Prime and Avalanche

Primit is a next-generation on-chain perpetual contracts trading platform focused on cross-chain derivatives with low latency, low fees, and full transparency. 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

this post Primit Season 1 has officially launched: the $100,000 Avalanche On-Chain Perp Trading Incentive Event is now live appeared first on BeInCrypto.

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