Multi-chain liquidity protocol Symbiosis Finance has just announced it intends to give away 35,000 SIS tokens to celebrate the launch of its veSIS mainnet.
Users will reportedly receive a reward for locking SIS tokens in a special contract for a period of 1 month to 4 years.
The reward depends on the size of the wager and the amount of commission collected from Symbiosis’ proprietary liquidity funds. Rewards are granted on a weekly basis. SIS tokens wagered remain locked in the contract and can be withdrawn after participation expires.
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The competition will run from September 5 to September 18.
Users interested in taking part in the competition must access the Symbiosis Finance app and block at least 100 SIS for a period of at least one year. The block must be valid until the end of the competition on September 18.
The project will announce the winners next September 19 and the rewards will be distributed within 24 hours thereafter. The tokens will go to addresses with blocked coins.