Primit Deploys on Avalanche with $100,000 AVAX Reward Pool, Season 1 Launches July 15

On July 8, Primit announced its official deployment on the Avalanche network, with Season 1 trading incentive program launching July 15. The 14-day event features a total reward pool of 100,000 USD equivalent in AVAX, open to all on-chain perpetual contract traders.

The reward structure includes four mechanisms: daily random user rewards of $400, Twitter content rewards of $3,000, a $50,000 referral rebate pool, and a volume leaderboard with top 120 traders sharing $37,800, where the top trader receives $4,000. AVAX-related trading pairs receive a 1.5x volume weighting multiplier. The event runs through July 28, 2026.