TrustSwap , a DeFi project offering smart contract services is launching a lottery-based program, called FlashDrop. TrustSwap is collaborating with YIELD App to reward 3,000 lottery winners with 500 YLD tokens each. The participants need to stake the specific amount of 500 SWAP tokens to receive a lottery ticket.
Some minor requirements shall be followed by interested participants, whereas the participation procedure is quite more simple than alternative services in the DeFi ecosystem.
How can I participate in a FlashDrop
Applicants have to stake at least 500 SWAP tokens before April 22nd in order to participate. The users need to be successfully registered and verified, meaning that they must pass the KYC procedure after creating the account on the YIELD App.
The process needs to be completed by April 22nd, which is the snapshot date for the FlashDrop.
Once the snapshot is taken, every address that has 500 SWAP tokens will receive 1 entry ticket. The only exception will be users who also own at least 1,000 Yield Tokens (YLD) alongside 500 SWAP, as they will be eligible to receive 2 entry tickets.
On top of that, any users who hold a TrustSwap Golden Ticket will be eligible to receive 500 YLD upfront, and if they also happen to be among the 3,000 winners at the end of the lottery, they will also receive a 500 YLD reward, so they can get a total of 1,000 YLD. The 3,000 victors can expect the funds to arrive within 10 business days.
The Program Also Includes Some Restrictions
As mentioned, in addition to the requirements, there are also a few restrictions. For example, users from the United States will not be eligible to participate in the event, due to jurisdiction limitations. The same is true for those who do not complete the KYC procedure, and for those who already claimed a YLD airdrop earlier, in the SwapDrop round.
The lottery itself will last for 12 hours, starting at 9 AM PST on Friday, April 23rd, and ending at 9 AM PST on the same day.
More Details About YIELD App
As mentioned in the requirements, users interested to participate will have to own a YIELD App account, as the lottery will take place via this platform. YIELD App is a platform that launched its token, YLD, on December 7th, 2020, using TrustSwap’s Launchpad, and accumulated growth of over 1700% since launch.
The Launchpad was created to help new projects take off in the DeFi sector by sharing the burden of conducting launch. Essentially, by taking care of things like marketing and technicalities regarding the token sale, the launchpad allows developers to continue focusing on perfecting the project, instead of wasting time and resources for things they are not proficient in.
YIELD App is a DeFi-based wealth management platform that offers users the opportunity to earn up to 20% APY on several cryptocurrencies, including Bitcoin, Ethereum, Tether, and USD Coin. The platform’s mission is to make investments easy, cheap, and available for everyone in the world within minutes, thereby revolutionizing the investment industry.
Disclaimer: This is a paid post and should not be treated as news/advice.