PolkaBridge’s Transferring Contest — Win PBR Tokens By Making Transactions!

PolkaBridge — the decentralized all-in-one financial application platform and aspiring to offer a full set of DeFi products recently launched the deflationary farming initiative on March 16. This massive upgrade ushers the protocol into a new era of token utility and value accrual.

Combined with the upcoming launchpad, multi-blockchain decentralized exchange, lending, prediction and Polkadot support infrastructure, tha native PBR token will gather in value from usage and locking in of tokens, which causes reduction in available supply.

Since the PBR token and it’s liquidity was migrated to a new smart contract to support the new features, the token’s need to be migrated before April 01. After the migration deadline, all un-migrated tokens on the old contract will be burnt.To incentivize and facilitate the migration of tokens to the new contract. The PolkaBridge team has decided to launch a WEEKLY transferring contest. The first week will run from March 19 — block height 12,053,982 and end on March 24 at 4:30 AM. The prize for the first five highest mover of PBR tokens will earn handsome rewards!

It must be noted that transfers on only the new contract are accepted and old tokens aren’t eligible for any rewards. Also, this contest is expected to increase the 0.5% burning rate on every PBR transaction. Out of which 90% goes into the farming pools and the rest 10% is burnt.

Now, the minimum volume for contest eligibility is 50,000 PBR in the week. The prize rewards are 10,000, 5,000, 3,000, 2.000 and 1,000 PBR tokens for the first five winners. Happy reward hunting and we will be back with more!