Celer Network, a well-known blockchain interoperability protocol that aims to make it easy to access and send digital assets of all kinds between different networks, recently announced that it will be joining Ontology’s 4th annual Carnival celebration. Ontology is organizing the event to celebrate 4 years since the launch of its mainnet, and it has seen several other networks join the party.
🥳#Celer #cBridge launches the cBridge Cross-Chain Campaign to celebrate the 4th #Ontology Carnival event with @unifiprotocol @Wing_Finance.
🗓️Duration: 7/13 9:00 UTC – 7/20 9:00 UTC
🎁Rewards: 3000 $ONG + $1000 in $CELR
👇Click the blog to learn morehttps://t.co/9yAnyZ4pdS
— CelerNetwork (@CelerNetwork) July 13, 2022
Apart from Celer Network, Wing Finance and Unifi Protocol are also joining, as Ontology decided to involve multiple partners and make the event that much bigger and more special.
According to Celer’s announcement, the event has started yesterday, July 13th, at 9:00 UTC, and it will last for seven days, concluding on July 20th, also at 9:00 UTC. Furthermore, the partners will also distribute rewards for participants, which will include 3,000 ONG tokens, and Celer itself decided to throw in $1,000 in CELR tokens, as well.
Ontology’s 4th Carnival event
Ontology is a project created to bring some highly important qualities to Web3, including privacy, security, and trust. It does this by enabling highly secure decentralized identity and data solutions, and right now, it is in the process of building the infrastructure that will offer trusted access to Web3.
Essentially, both individuals and businesses will be able to use its technology to access Web3 and be assured that their privacy will be guaranteed thanks to regulatory-compliant digital identity solutions.
The project is quite pleased to start its 4th Ontology Carnival event, and with partners, no less. As mentioned, Celer Network has also added $1,000 in CELR to reward the event’s participants, but other protocols, Unifi Protocol and Wing Finance, also decided to provide their own contributions. Unifi is offering $10,000 in UP tokens, while Wing Finance contributed another $1,000 in WING tokens.
What do you need to do to win rewards?
In its Medium post, Ontology noted that the first 250 participants who complete at least 2 tasks will be rewarded with 10 ONG. Some of the offered tasks include using cBridge to bring assets from other chains to Ontology EVM, with at least one transaction being larger or equal to $30.
Another task is to swap and/or provide liquidity on uTrade Ontology EVM version, with the amount, once again, being equal to or higher than $30., and lastly, to supply and or Insure in Wing Flash Pool (Ontology EVM) until the event’s end. The task has the same rules regarding the amount, which needs to be equal to $30 worth of tokens or higher.
Those who complete all 3 tasks will be eligible to win prizes that include 300 ONG for the 1st prize and 100 ONG for the 2nd and 3rd prize each. The winners will be selected randomly from the pool of users who complete all of these tasks. Meanwhile, everyone who joins the event will receive EVVMER NFT.
Other projects have also provided conditions for winning their own rewards. Celer will offer $1,000 in CELR to those who use cBridge, with 20 randomly selected winners, each of which will be granted $50 in CELR. Unifi is offering $10,000 in UP for those who deposit liquidity in one of the pools, including UP/ONG, UNFI/ONG, and ONT/ONG.
Finally, Wing Finance will offer its own $1,000 worth of WING to those who supply and/or insure in Wing Flash Pool. The first place will receive $300 WING, the 2nd and 3rd $1500 in WING each, 4th and 5th place will get $100 in WING tokens, and anyone who wins any place between 6th and 10th spot will get $40 in WING.
To learn more visit our Investing in Celer Network guide.
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