TrustSwap and YIELD App to grant 500 YLD to Everyone Who Stakes SWAP Tokens
(Photo : TrustSwap and YIELD App to grant 500 YLD to Everyone Who Stakes SWAP Tokens)

TrustSwap, a popular DeFi project that focuses on various types of crypto payments, has decided to launch a new big event that will result in 3,000 of its users winning 500 YLD tokens each. The YLD token itself is a native cryptocurrency of another platform known as YIELD App, but the two are closely connected, as YIELD App launched YLD on TrustSwap's own platform in December 2020.

Now, the two are joining forces once again to provide rewards for smaller SWAP coin stakers by granting them an incentive to lock up at least 500 SWAP tokens and receive rewards, as well as win the upcoming event.

What is the Event About?

The event in question is a lottery known as the FlashDrop. It will be completely transparent and provably fair, meaning that anyone who fulfills the necessary requirements has a chance at being among the 3,000 winners who will receive 500 YLD tokens.

The lottery itself will take place on Friday, April 23rd, starting at 9 AM PST and ending 12 hours later, at 9 PM PST. However, users will need to meet the event's requirements before the event starts. In fact, this needs to be done by April 22nd at 9 AM PST, because this is when the snapshot for the event will be taken, and only those who have fulfilled the requirements will be allowed to participate in the lottery. 

If you buy and stake SWAP tokens after 9 AM on April 22nd, you will not be included.

Apart from the timing, there are a few more necessary requirements, such as having 500 SWAP tokens staked. Of course, the event will take place via YIELD App's platform, so users have to own an account there, and have it fully verified, meaning that they need to complete the KYC procedure. Those who register but don't complete KYC will also not be considered eligible to participate in the event.

Unfortunately, the event will also not include anyone living in the United States, due to the jurisdictional restrictions. It also won't include those users who already claimed a YLD airdrop during the SwapDrop round. Other than these, there are no other restrictions. So, if you did not already claim YLD during the previous event, and you are not from the US, you can participate as long as you stake 500 SWAP and verify your account, and do it all before Thursday morning.

Every address that stakes SWAP tokens in time for the snapshot will receive 1 entry ticket, and that is all they are eligible to receive. There will be one exception which will include the users who also own at least 1,000 YLD tokens, as they will receive 2 entry tickets due to their dedication to the partnered projects.

Another thing to note is that users who hold TrustSwap Golden Ticket will automatically receive 500 YLD, regardless of whether or not they count themselves among the event's 3,000 winners. If they do win, they will receive the 500 YLD reward too, making them the winners of 1,000 YLD in total.

What is YIELD App?

YIELD App is a wealth-management platform based on blockchain technology. It is a decentralized finance project that aims to make investing easier and more available for everyone around the world. Investing is already pretty affordable these days, which was not the case a few decades ago. But, the internet going mainstream changed things, and while once you could only invest if you were a wealthy businessman or a financial institution, these days, you can do it as a regular retail investor, as well.

However, YIELD App believes that there is still more to be done in order to make investing cheaper, more accessible, and easier for those who are not financial and technological experts. It aims to do it by turning its own platform into a go-to platform for novice and expert investors alike, providing advanced tools that are easy to use, as well as extremely helping in making the right call.

The project hopes to build a bridge between traditional and decentralized finance, and revolutionize investing and trading, allowing everyone to benefit from all emerging opportunities.

As mentioned, it launched its own Yield (YLD) token via TrustSwap's launchpad - a platform dedicated to allowing new projects to start off with ease, by taking care of technical and other issues that surround token launch events. The Launchpad handles marketing, distribution, and other details of the token sale, while project developers are left alone to focus on development, and not worry about these other details.

YIELD App is a great place to earn funds through investing, as it offers up to 20% APY on several cryptos, including two stablecoins - USDT and USDC - as well as crypto industry giants, Bitcoin and Ethereum.

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