In a recent shimmering announcement for the crypto realm, 1inch and Trust Wallet introduced the “Need for Swap” competition, accentuating the crypto space with promises of enticing prizes.
A Grand Integration Celebration
The 1inch Network, in a strategic collaboration with Trust Wallet, celebrates their recent milestone: the successful integration of the 1inch Swap API into the Trust Wallet Browser Extension. To commemorate this synergy, they’re showering a generous 25,000 USDC upon the winners.
The Path to Participation
To dive into the contest, enthusiasts first need to download the Trust Wallet Browser Extension. The gates for this contest will remain open from September 21, 16:00 (UTC), stretching until October 4, 16:00 (UTC).
As part of the competition, participants can engage in a swap within the Trust Wallet Browser Extension. By doing so, they open up the opportunity to claim their share of the 22,500 USDC prize pool. The winnings are segmented as such: 1 winner will grab 2,500 USDC, 4 winners will receive 1,250 USDC each, 20 winners get 500 USDC each, 25 winners are set to pocket 100 USDC each, and 50 winners will enjoy 50 USDC each.
But what are the guidelines to ensure a fair play? Firstly, participants need to be on the Trust Wallet Browser Extension’s latest version. The swap should be a minimum of 50 USDC, with freedom in the choice of swap pairs. Importantly, the swaps must wrap up within the contest window. Participants can enter only once per wallet address. Even if large swaps lead to refunds because of slippage tolerance issues, they’re still in the game. At the end of the day, winners will be those with the largest volume swapped.
Social media aficionados aren’t left out. By retweeting the competition announcement from both 1inch and Trust Wallet, they get a shot at being one of the 10 winners to bag 100 USDC each. For those inclined towards a deeper engagement, submitting the best 15 questions for the CMC Live session can net them 100 USDC.
Setting the Ground Rules
For a shot at the rewards, participants need to use the Trust Wallet Browser Extension as their addresses undergo a stringent cross-verification process. Divergence may lead to disqualification. As the qualifying period concludes, winners from social media engagements will be notified, with the prizes reaching their wallets by October 16. Interestingly, each wallet can win only once. In scenarios where participants qualify for multiple rewards, they’ll walk away with the highest-valued prize. Bulk registered accounts or sub-accounts will face disqualification.
Trust Wallet’s Swapping Evolution with 1inch
Trust Wallet, after this integration, has soared to new heights in its swapping functionality. Previously leaning on Uniswap and PancakeSwap, Trust Wallet’s swaps will now be solely powered by the 1inch API. This shift underscores the merits of DeFi projects adopting 1inch over specific DEXes. The move ensures users can access a spectrum of DEXes, all while making tech support more streamlined.
This transition brings a plethora of benefits to Trust Wallet’s user base. From facilitating swaps across ERC20 and BEP20 tokens to granting access to a wider range of swappable assets, the advantages are abundant. Users can also look forward to reduced slippage, more favorable rates, and pocket-friendly fees. Not to mention, the much-anticipated addition of Polygon asset swaps in the near horizon.
Sergej Kunz, 1inch Network’s co-founder, eloquently highlighted the efficiencies the integration offers. He emphasized the user-centric approach that gives users access to profound liquidity, top-tier swap rates, robust security, and a passport to multiple chains.
With this blend of integration and competition, the crypto universe is undoubtedly buzzing with excitement. As 1inch and Trust Wallet deepen their collaboration, users worldwide stand to gain, ushering in a new era for crypto enthusiasts.
