The two-week campaign brought thousands of traders on-chain, with daily $500 prize pools and fully transparent, publicly verifiable winner selection.
Singapore, July 30th — Primit, the decentralized perpetual exchange built on Avalanche, today announced the successful conclusion of its Season 1 trading campaign, a 14-day event that rewarded traders with daily prize pools and marked the platform’s first major community milestone since launch.
Running from July 15 to July 28, the campaign invited traders of all sizes to participate with a deliberately low barrier to entry: anyone generating at least $200 in daily trading volume was automatically entered into that day’s draw. Each day, 20 winners split a $500 prize pool, with rewards distributed directly to their wallets.
By the Numbers
Over the course of Season 1, Primit recorded:
- 10,000+ participating wallets across the campaign
- Over 500 wallets qualified for every single one of the 14 daily actions
- 14 daily draws completed, with 280 total winners
- $100,000 will be distributed directly to traders’ wallets
In a space where campaign fairness is often questioned, Primit published every day’s winner list — with masked wallet addresses — on its official blog, allowing anyone to verify results on-chain. This transparency-first approach became a defining feature of the campaign and a foundation of trust with its early community.
“Season 1 was about proving one thing: that a new perpetual DEX can give everyday traders a fair shot at real rewards, not just whales,” said Primit Team. “The response exceeded our expectations — traders came for the prizes, and stayed for the product.”
Built on Avalanche
Primit’s deployment on Avalanche played a central role in the campaign’s accessibility. Sub-second finality and near-zero gas fees allowed participants to reach the $200 volume threshold in minutes, at a cost of pennies — removing the friction that typically keeps retail traders away from on-chain derivatives.
What’s Next: Season 2
With Season 1 complete, Primit confirmed that Season 2 is already in development, featuring a larger prize pool and new participation mechanics. Details will be announced through Primit’s official channels in the coming weeks.
“This is the end of Season 1, but the beginning of Primit’s community story,” the team added. “Everything we learned from our first traders goes directly into what we build next.”
About Primit
Primit is a decentralized perpetual futures exchange deployed on Avalanche, offering fast, low-cost on-chain derivatives trading without KYC. Primit is building the next generation of accessible on-chain trading infrastructure.
Website: https://primit.io | X: https://x.com/primitforall
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