Announcing NFT Awards for Bancor Traders with Chainlink VRF!

Bancor
3 min readMay 5, 2021

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We’re thrilled to announce the launch of a new trader rewards program that awards Bancor traders with limited edition NFTs throughout the month of May.

Once a week—for the next several weeks—one limited edition NFT trophy will be randomly awarded to a bancor.network trader in each of the following 5 categories:

The Trophies

  1. HIGH VOLUME BANCOR BULL — One random winner selected out of the top 20 highest volume trades on bancor.network.

2. BANCORIAN BNT TRADER — One random winner selected out of the top 20 BNT trades on bancor.network.

3. VORTEX MAXIMALIST One random winner selected out of the top 20 vBNT trades on bancor.network.

4. LINK MARINE — One random winner selected out of the top 20 LINK trades on bancor.network.

5. LUCKY GOLDEN BANCIE — One random winner selected out of all trades on bancor.network.

Chainlink VRF Integration

In order to insure a provably fair source of randomness for distributing the NFT awards, a script utilizing Chainlink VRF will process all weekly trades on bancor.network and randomly select one winning wallet address from each of the trader categories.

Once winners have been selected, the NFT trophies will then be transferred directly from the official Bancor Opensea account to the winning trader wallets.

Dates

  • The contest kicks off Wednesday, May 5 at 12PM UTC.
  • Winners will be drawn every Tuesday at 12PM UTC for the next four weeks (May 11, May 18, May 25 and June 1)

Bancor Trader Incentives Program

We’re launching our first trader incentives program as Bancor is doubling down on building a world-class trading venue on bancor.network, where users not only get the highest yield on their assets, but can also seamlessly trade 1000s of tokens at the best prices. Recent trader-focused releases include gasless limit orders, fiat on and off ramps, & notifications, with more coming soon!

Ready? Set? SWAP

Follow Bancor on Twitter, join our Telegram /Discord for the latest updates, or read more about us in Bancor’s docs and blog!

More resources:

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Bancor

The only DeFi trading and staking protocol with Single-Sided Liquidity