Gate.io announced the listing of $EUL, trading for which will commence on June 24, 2022, at 5:00 AM UTC. The celebration has a prize pool of $1,000 that will be shared among 50 lucky winners.
Participants are only required to follow Gate.io and Euler Finance, retweet the post, like it, and share it with friends. The celebration will end on June 27, 2022, at 5:00 AM UTC. The chance to win the contest goes higher after every participant completes every step.
The prize pool depends on the number of retweets as well. Details are as follows:-
| Retweets | Prize Pool ($) |
|---|---|
| 1,000 | 200 |
| 2,000 | 300 |
| 3,000 | 500 |
| 5,000 | 600 |
| 8,000 | 800 |
| 10,000 | 1,000 |
The list of winners will be published on the official activity & giveaway channel of Gate.io. Winners can expect to receive their rewards within 14 working days. Participants must trade at least $50 in $EUL during the activity period.
There is no limit to the number of times users can participate in the content; however, they would be eligible to win the reward only once. Also, participants must complete the KYC process on the platform.
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Gate.io is bringing small things in a big package. Many newcomers in crypto trading and blockchain technology find it difficult to get first-hand learning material about the sector, making it difficult for them to progress as a professional.
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Euler Finance is an Ethereum-based non-custodial protocol that allows its users to lend and borrow any crypto asset. The aim is to democratize the assets so people can leverage them for their financial growth.
The security of Euler Finance is backed by security firms, namely Certora, Halborn, Sherlock, Omniscia, and Solidified & ZK Labs. Euler Finance stands out in the crowd for its permissionless listing, asset tiers, reactive interest rates, MEV-resistant liquidations, protected collateral, and multi-collateral stability pools.
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Gate.io shared the update through an official tweet. It followed the introduction of EulerDAO that happened on June 23, 2022. It is decentralized and on-chain governance enabling the community to participate in voting on proposals and gauges.
A prize pool of $1,000 now awaits 50 lucky winners subject to the number of retweets, or RTs, registered by Gate.io. A minimum prize pool of $200 is a sure shot; however, the community must reach at least 1,000 retweets.
