Munchkin Protocol Invite Contest
Munchkin is an open protocol to create, exchange, settle, and manage synthetic assets. Built on Ethereum and the Binance Smart Chain (BSC) network, it allows issuance, trade, and management of decentralized derivative assets. Since the last few days, the team here at Munchkin has been grinding with the development of the Munchkin Protocol platform and preparing all the details for the launch event.
With the upcoming launch, we want to give the community as much of a chance as possible to participate in it and engage with our platform. We have decided to incentivize participation in our community through the ‘Munchkin Protocol Invite Contest’. This would bring a unique opportunity for users to earn more by simply inviting their trading buddies.
The invite contest will result in us rewarding a guaranteed allocation during our launch event along with a chance to win a Cashback.
The rules are simple:
Invite referrals
The first step requires participants to spread the word about Munchkin Protocol and our mission among their friends, families, trading buddies. Once you have informed them about our platform, invite at least 1 referral to the Munchkin Protocol Discord channel.
Follow our Twitter account
In the next step, proceed to our Twitter and follow the official Twitter account of Munchkin Protocol.
Join our Telegram group
After you have successfully completed the second step, proceed to Telegram and join the official Telegram chat of Munchkin Protocol. You can engage with our community and ask questions to the admins in our Telegram group.
Follow our announcement channel
In this step, follow the official announcement channel of Munchkin Protocol on Telegram. We will regularly post updates about the project, our token, partnerships, team, and more.
Follow our Medium channel
Next step is to follow the official Medium account of Munchkin Protocol. Our Medium channel would help you gather in-depth knowledge about our protocol, engage with our team, learn about our advisors, and track the progress with detailed project updates.
ReTweet the tweet about Discord Invite Contest
To make it more interesting and help others to learn about Munchkin, tweet this post from our Twitter account with $MUNCH ticker and tag any 3 friends.
This entire campaign has a total of six steps. In order to get a rank, one has to successfully complete all the six steps. To make it more interesting, we have developed auto-bots that will be assigning ranks to the participants according to their contribution to the invite contest.
What’s the catch?
We have allocated a total of $22,100 (183,333 $MUNCH tokens) for users who will participate in our invite contest. To ensure a completely fair and decentralized process, we have a bot on Discord that will give ranks to each individual participant based on his engagement.
Winners will be selected according to their rank. The first three winners will receive the guaranteed token allocation plus the Cashback as a reward for their engagement and participation in our invite contest.
The following allocation will be given to the top 3 winners:
1st Rank: $2500 + $500 Cashback
2nd Rank: $2000 + $250 Cashback
3rd Rank: $1500 + $100 Cashback
We want to reward more participants engaging in the contest. So, we also have reserved allocations for participants based on their rank:
Rank 4 to 7: $800
Rank 8 to 10: $600
Rank 11 to 25: $400
Rank 26 to 50: $200
Wild Card: $100
We are super excited to welcome you and your friends to the Munchkin Family. Let’s go Octopodes!
In the upcoming days, we have many more updates and exciting news for you. So make sure to –
A Comprehensive Overview of Munchkin Protocol Products
A glimpse of the innovative products under the Munchkin Protocol Ecosystem
As of 2020, the overall derivatives market had a market cap of $1.2 quadrillion or $1200 trillion — about 3000 times larger than the current market cap of the cryptocurrency market. Yet, the conventional derivatives market is highly restrictive in terms of geographical limitation and accessibility. Moreover, the entire system is largely trust-based and holds unfair advantages to a limited group.
Decentralized Finance or DeFi shows promising applications to disrupt the traditional derivatives industry. From enabling a decentralized network to a trustless architecture — DeFi holds possibilities for revolution of the $1.2 quadrillion derivatives industry. The potential use-cases of decentralized finance in derivatives have led to a rise in Total Value Locked (TVL) from $132 million in April 2020 to more than $2.6 billion in April 2021. Munchkin Protocol, a robust DeFi protocol, leverages technological innovations to allow issuance, trade, and management of decentralized derivative assets.
Munchkin Protocol facilitates a platform that offers unparalleled access and exposure to real-world assets thereby enabling a fair way to engage with synthetic assets and giving equal opportunities to access derivatives.
