Primit announced on July 8, 2026 its official deployment on the Avalanche network, with Season 1: Primit × Avalanche 'On-Chain Perp Frenzy' launching July 15. The deployment leverages Avalanche's sub-second finality and minimal gas costs to support high-frequency perpetual contract trading. The 14-day event features a $100,000 USD equivalent AVAX reward pool distributed across four mechanisms targeting retail and professional traders. Primit selected Avalanche to address latency and liquidation safety challenges inherent in on-chain derivatives trading, positioning the platform as infrastructure for professional-grade DeFi perpetual contracts.
Primit Selects Avalanche for Sub-Second Finality Infrastructure
Primit selected Avalanche as its launch chain based on its sub-second finality and minimal gas costs. The Primit team stated, "We're not simply deploying a frontend on Avalanche — we're bringing the full perpetual infrastructure onto the chain." The platform's orderbook and funding rate mechanisms are designed to deliver a CEX-grade experience on-chain. Season 1's objective is to prove on-chain perpetual trading can handle professional-grade demand through real trading volume.
Season 1 Distributes $100,000 AVAX Across Four Reward Mechanisms
The event runs July 15-28, 2026 and features four reward mechanisms:
Daily Random User Rewards
20 users with ≥$200 daily trading volume are randomly selected each day to share a $400 pool. 280 total winners over 14 days.
Twitter Contributor Rewards
$3,000 pool rewards high-quality tutorials, strategy analysis, and risk management content posted with #Primit #Avalanche.
Referral Rebate Mechanism
$50,000 total pool distributed proportionally by valid referral trading volume. No individual cap.
Volume Leaderboard
Top 120 traders share $37,800, with Top 1 receiving $4,000. AVAX-related pairs receive a 1.5x volume weighting multiplier.
Primit Introduces Permanent Tiered Fee Structure
Primit is launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche's low gas costs to form a sustainable competitive advantage.
FAQ
What is the total reward pool for Primit's Season 1 on Avalanche?
The total reward pool is $100,000 USD equivalent in AVAX, distributed across four mechanisms: Daily Random User Rewards ($5,600 total), Twitter Contributor Rewards ($3,000), Referral Rebate Mechanism ($50,000), and Volume Leaderboard ($37,800).
When does Primit's Season 1 trading event run?
The event runs from July 15 to July 28, 2026, spanning 14 days. Primit announced the deployment on July 8, 2026.
Why did Primit choose Avalanche for its perpetual contract platform?
Primit selected Avalanche for its sub-second finality and minimal gas costs. The Primit team stated these technical characteristics are inherently suited for high-concurrency, low-latency DeFi scenarios required for professional perpetual trading where millisecond latency impacts liquidations and position safety.
