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October 15, 2024

2,500 USDT Up for Grabs — Dawnbreaker Showdown for Trading and Providing Liquidity!

Swap ELF/USDT or ACORNS/ELF token pairs and provide liquidity on AwakenSwap to share $2,500 prizes

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Portkey is excited to announce a joint event with AwakenSwap, the Dawnbreaker Showdown: Compete to Trade and Provide Liquidity!

Dawn breaks on 15 October and it will run for four weeks until 12 November. There are two parts to our Dawnbreaker Showdown:

  1. Throughout the four weeks: The Trading Competition offers a prize pool of 1,000 USDT, rewarding active traders.
  2. The last two weeks: The Liquidity Provision Competition offers a BIGGER prize pool of 1,500 USDT, rewarding committed liquidity providers.
  • Total prize pool: 2,500 USDT
  • Time: 15 October — 12 November
  • How to join:

Desktop: https://bit.ly/AwakenSwapDawnbreakerShowdown

Mobile phone: Portkey App > Discover > AwakenSwap

  • Rules:

Trading Competition: AwakenSwap Trading Page

Liquidity Provision Competition: Awaken Liquidity Provision Page

Dive into the action and earn incredible rewards by participating in the following events:

Trading Competition

Action

Trade the specified token pairs ACORNS/ELF or ELF/USDT.

Time

6:00, 15 October — 5:59, 12 November (UTC)

Prize Allocation

1,000 USDT distributed among 50 winners:

  • 1st Place: $200
  • 2nd Place: $100
  • 3rd Place: $60
  • 4th-10th Place: $20 each
  • 11th-50th Place: Share $500 equally

How to Join

You can choose to trade on your desktop or on your mobile device.

Trading Tutorial

Details

  1. Trade more, rank higher, and win bigger rewards!
  2. Only trades on ACORNS/ELF and ELF/USDT pairs are eligible.
  3. You can participate using either methods, the “Trade”, “Swap”, or “Limit” function.
  4. Trading volume is calculated in USD.
  5. For real-time rankings, please visit the event site: AwakenSwap Trading Page

Liquidity Provision Competition

Action

Provide liquidity to the specified token pairs ACORNS/ELF or ELF/USDT.

Time

6:00, 29 October — 5:59, 12 November (UTC)

Prize Allocation

1,500 USDT distributed among 50 winners:

  • 1st Place: $300
  • 2nd Place: $200
  • 3rd Place: $90
  • 4th-10th Place: $30 each
  • 11th-50th Place: Share $700 equally

How to Join

You can choose to provide liquidity on your desktop or on a mobile device.

Liquidity Provision Tutorial

Details

  1. Provide more liquidity, rank higher, and win bigger rewards!
  2. Only liquidity provided to the ACORNS/ELF and ELF/USDT pairs is eligible.
  3. Only liquidity added during the event duration will be considered.
  4. Liquidity is calculated in USD. Daily snapshots of each wallet’s liquidity will be taken throughout the event, and the final result will reflect the average liquidity during this period.
  5. For real-time rankings, please visit the event site: Awaken Liquidity Provision Page

Note

  1. Rewards will be distributed based on final rankings within 7 business days after the event concludes. Ties will result in a prize split.
  2. AwakenSwap reserves the right to interpret the event conditions. Malicious behavior to gain rewards is strictly prohibited. Cheating will lead to disqualification.

Don’t forget to stay tuned to AwakenSwap for more exciting events like this!

Hope you enjoy Portkey and have the best Web3 experience with us!

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Portkey@2024
WalletWhy It Stands OutSupported Assets
Coinbase- Publicly-listed on the Nasdaq stock exchange- Holds your assets in a 1:1 ratio and does not repurpose them200+ cryptocurrencies, including BTC, ETH, XRP, and SOL
OKX- Supports 300+ cryptocurrencies and NFTs across multiple networks- Available as a mobile or desktop app, and browser extensionBTC, ETH, XRP, SOL, and 300+ more cryptocurrencies, along with NFTs on Ethereum, Solana, BASE, and more
Crypto.com App- Rewarding if you hold and build a cryptocurrency portfolio over time- Nifty features like Crypto Earn and Recurring Buy help you grow your holding easilyMore than 350 cryptocurrencies, including BTC, ETH, XRP, and SOL
Trust Wallet- Very wide range of assets- Available as a mobile app and browser extensionOver 10 million cryptocurrencies and 600 million NFTs from Bitcoin, Ethereum, Solana, Cosmos, and more
MetaMask- Can be used to complement your main Web3 wallet- Perfect for ownership of Ethereum-based tokens and NFTsAny asset on the Ethereum blockchain
Exodus- Over 100,000 cryptocurrencies supported- Buy any of them within the Exodus walletMore than 100,000 cryptocurrencies and NFTs across 16 blockchains
Ledger Stax- 5,500+ cryptocurrencies and NFTs supported- Certified Secure Element chip to shield it from online attacks5,500+ cryptocurrencies and NFTs
Trezor Safe 5- A compact device at 23g with a 1.54-inch touchscreen- Supports over 1,000 cryptocurrencies, and has a CC EAL6+-certified chipOver 1,000 cryptocurrencies, including BTC, ETH, XRP, and SOL
SafePal S1 Pro- Slim and sleek, with a 1.3-inch colour screen to show your holdings- Can be paired with the SafePal Wallet app and browser extension to grow your portfolio30,000 cryptocurrencies and more across 100+ blockchains
ZKPsMultisig WalletsTEE
StrengthsZKPs provide wallet owners with security and privacy at one goMultisig wallets are hassle-free and secure; easy to implement for any group or organisationTEEs allow Web3 wallets to achieve a similar level of security as hardware wallets
WeaknessesTransacting parties need to interact multiple times. It’s not ideal for non-real-time applications.Transaction costs are higher due to the multiple signatures – and gas fees – needed. Transaction speeds are lower too.Cannot be easily implemented for software-based Web3 wallets as it is operating system-dependent
Wallet TypeHardware WalletBrowser ExtensionMobile App Wallet
Pros- Offers the best security for Web3 digital assets- Many brands and models to choose from- You can conveniently add it to your web browser- It doesn’t take up much storage space on your PC- You can access your assets from anywhere- You can easily transfer assets between apps
Cons- You risk losing your assets when you lose the device- The cost can be prohibitive for some- Susceptible to security breaches if your browser is compromised- Functionality may be limited for some- Vulnerable to similar security breaches as browser extension wallets- You also bear the same risk of losing your assets if you lose your mobile device
Web2 PhishingWeb3 Phishing
MethodPurely reliant on offline or Web2 platforms. For example, phone calls, SMSes, publishing fake websites, etc.Utilises a mix of Web2 and Web3 platforms. For example, hackers impersonating a key opinion leader or deploying malicious smart contracts.
PurposeTo steal cash, personal information, and sensitive data.To steal digital assets and sensitive data, and control Web3 projects.
ProsCons
MPC wallets are incredibly safe thanks to their novel security mechanism.There are relatively fewer MPC wallet solutions available, as compared to multisig wallets.
MPC wallets provide you with more flexibility in managing your assets, especially if it’s a wallet for institutions or investment groups.MPC wallets appear easy to use on the outset, but they still require a level of technical expertise and cryptography knowledge.
MPC wallets greatly reduce the risk of a single point of failure.MPC wallets can take slightly longer to execute transactions because its security mechanism is fairly resource-intensive.
MPC wallets are highly decentralised, adhering to cryptocurrency’s core principles.You’d still need to manage each private key fragment carefully. After all, each one is crucial to forming the full key.