Astar Network is the fastest growing defi ecosystem on the Polkadot defi space.

Link to the star swap listing: https://coinmarketcap.com/currencies/starswap/

It is only a week ago Dapp Radar and DefiLlama also listed the project.

https://defillama.com/protocol/starswap

https://dappradar.com/astar/exchanges/starswap

Twitter: StarSwap

Discord: https://discord.gg/dqyJQ7gUkb

Transparency and fair launches positively impact users’ trust, purchase intent, and general attitude within a target community. While most DeFi teams who launch with ICO/IDO concepts take most of the invested funds if not all to themselves, StarSwap introduces a community driven system to launch.

A Liquidity Generation Event (LGE) is an innovative launch mechanism that ensures plenty of early liquidity, and a free and fair participation process. It is 100% community oriented, and the entire funds acquired are used to seed the initial liquidity. LGE participants will be able to get a fair price gain to reward their early support.

The Star Swap team has a few strategies in place to preserve the price and community sentiment to hold:

• Platform fee distribution: StarCards NFT holders will need to acquire a good amount of Star tokens in order to get maximum benefits (the fee distribution is calculated based on 3 factors; the number of Star Cards + The rarity + The number STAR tokens).
• TAX system: The platform has a tax system that encourages users to hold instead of dumping. The longer users hold, the lower the tax becomes. At the same time, the system allows users to harvest in case they really need it, with a tax cut.
• Treasury: StarSwap is building a treasury which intends to provide a buyback price guarantee for STAR token holders
  

The liquidity generation event of StarSwap started this Monday and ends on the 7th of July at 7 am UTC. The DEX goes live at the same time at 7am UTC on the 7th. StarSwap is the only DEX on the entire DeFi space with NFT governance and 100% of the platform fee is distributed to the community.

More details about the platform can be found at https://starswap.net

They have mentioned it is not a simple contest, but a championship with two rounds. 20 Winners from the first round will be selected and they compete against each other in the final round.

In the final round participants can win:

1. First prize 2000 $ASTR tokens.
2. Second prize one StarCards NFT
3. 5 Third prizes of one Samui NFT each.

Star Swap MEME Contest Dates:

First round begins at 3PM UTC Monday (June 13th) and ends at 3PM Thursday. Results at 4PM UTC Thursday.

Final Round begins at 4PM UTC Thursday and ends at 4PM Saturday. Results at 5PM UTC Saturday.

How to participate?

• Follow StarSwap on Twitter and join our Discord
• Simply create a StarSwap or Astar-themed meme (or many memes, participants are allowed to create as many memes as they like) and post it on your twitter using the hashtag #StarSwapMeme
• Share the link to that twitter post (the meme post) in the #memes-fan-art channel in our discord.

Winners are selected according to the total engagement their memes get (number of likes, shares and replies on twitter ~ number of reactions on discord). If you post multiple memes (which will increase your chances to win), your score will be the score of the meme with the best engagement.

First round winners will be selected 72 hours after the event starts, and the final round winners will be selected after the next 48 hours.

Tips: Your meme can be about StarSwap or  Astar in general, but you’ll probably want to flatter the StarSwap community because they will account for a lot of the votes. Votes on Twitter AND Discord count for winning so you’ll want to increase your reach with hashtags, tagging friends etc. So make sure to invite your friends now so they can help you win after the elimination round!

*Participants must be following @StarSwap on Twitter and be a member in our Discord to be eligible.

Source: StarSwap Blog.
URL: https://starswap.net/blog/astar-meme-championship-with-prizes-in-astr-starcards-and-samui-nfts/

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• Remove term: Astar DEX Astar DEX