$MYSTMYSTpaymentsupdates

Switch to Polygon & join our QuickSwap liquidity campaign

April 7, 2021
By April 7, 2021 April 29th, 2021 No Comments

$MYST token is now listed on QuickSwap. You can trade MYST with a number of coins and cryptocurrencies at a fraction of the cost and speed, compared to other Ethereum-based DEXs like Uniswap.

Even though trading on QuickSwap is simple, many users will still need to transfer their funds from the Ethereum blockchain to the Polygon one. You can check our blog post here for the step-by-step guide on how to do this. 

When you are transferring funds from one network to the other, two transactions must occur. At current prices, it’s approximately $25-30 USD to make the switch. To celebrate our listing on QuickSwap DEX and support our growing community, we are covering the costs of transferring your funds from Ethereum to Polygon.

Note that Polygon recently rebranded and is formerly known as Matic Network. We refer to Matic at times, as their wallet, token and blockchain are still labelled in this way.

Campaign timeline

The campaign will start on 8th of April and will finish on the 14th of April. Participants will be paid their rewards between 22th and 28th of April, after the campaign ends.


How can I participate?

You need to transfer funds from Ethereum to Polygon (Matic) and/or conduct at least one MYST/USDC trade on QuickSwap between the 8th and 14th of April. Save the links to the two transactions that occurred during the transfer process, and the link to your trade on QuickSwap, so we can confirm your participation.

Please note that you will need to submit all links via this form between the 15th and 21st of April. 

Since QuickSwap uses an automatic algorithm to swap tokens at the best possible price, you don’t exactly need MYST or USDC to trade the MYST/USDC pair. If you have funded your wallet on Matic mainnet with tokens other than USDC or MYST, you can still participate in the campaign, as QuickSwap can convert the tokens for you. 

 

Requirements of participants

  1. You performed at least one MYST/USDC trade between the 8th and 14th of April.
  2. You have filled in this form between the 15th and 21st of April, with the links to your transfer and trade confirmed on the blockchain, as well as your Matic wallet address that supports WETH.

Your compensation

You will receive compensation in WETH for the costs of the transfer, up to a maximum of $30.

For example, Alice transferred funds from Ethereum to Matic and paid 0.005678454 ETH for the fist and 0.01024992 ETH for the second transaction.

In total, Alice paid: 0.005678454 + 0.01024992 = 0.015928374 ETH

Therefore, we will deposit 0.015928374 WETH into her Matic address. If the total value of the two transfers exceeds $30, we will compensate Alice $30 in WETH based on the current exchange rate. 

How should I fill the form?

When you transfer funds from the Ethereum to Matic blockchain, usually two transactions must occur. You need to submit proof of these transactions. You can use a blockchain explorer like Etherscan.io  which shows the transaction confirmations on the Ethereum blockchain. See the example in the screenshots below:

After that you will need to submit a link showing your confirmed trade on QuickSwap. Since Quickswap is a decentralized exchange, all transactions are displayed on the public blockchain. Please use the Matic blockchain explorer links to prove your confirmed trade: https://explorer-mainnet.maticvigil.com/

Check the screenshot below for an example:

Please do not submit links to your liquidity contribution in this field. Only users that have transferred their funds and performed at least one trade are eligible to receive compensation.

In the last step you need to submit your wallet address used for Polygon (Matic) trading, where you will be able to receive your compensation in WETH. 

 

QuickSwap campaign for liquidity miners

Liquidity miners can also benefit from Mysterium’s listing on QuickSwap. We encourage everyone to add funds to the MYST/USDC liquidity pool between the 8th and 14th of April and hold them for at least 30 days.


Campaign timeline

The campaign will start on the 8th of April. Users should add liquidity to the pool between the 8th and 14th of April. Rewards will be paid between 14th and 20th of May, after the campaign ends.

 

How can I participate?

Add funds to the MYST/USDC liquidity pool between the 8th and 14th of April and hold them for 30 days. We’re putting 10.000 MYST bounty pool and you will receive a proportional part to your size of the pool (our own liquidity will be excluded from calculations).

 

Requirements for participants

  1. You added liquidity to the MYST/USDC liquidity pool between the 8th and 14th of April.
  2. You have held the funds in the MYST/USDC liquidity pool for at least 30 days. Liquidity providers don’t need to fill out the form mentioned before. Each participant will receive a part of 10.000 MYST rewards pool in the MYST wallet address that was used to add liquidity.

 

Your compensation

You will receive a percentage of the 10,000 reward MYST allocated for this campaign. For example, Bob added 5,000 MYST to the pool and held the funds for 30 days. The total size of the QuickSwap pool reached 100,000 MYST, so Bob occupies 5% of the total pool.

Consequently, Bob will receive:
10.000 MYST * 5% = 500 MYST

We will deposit Bob’s wallet with 500 MYST.

Want to get involved in Mysterium Network today?

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions of Android, Mac and Windows apps free to try and easy to use.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.