SonicSwap 2.0 - transition from a simple yield farm to a complex mini-ecosystem within Harmony!

Hey guys,

Hope everyone is having a fantastic start of the week!

Please find our walkthrough for NFT Cloud Mining Passes attached!

We’ve just finished another raffle, so I’ll explain it in a couple of words here without creating a video. SonicSwap.IO NFT Raffle is one of our original tools created from scratch by our co-founder & lead solidity, backend, & frontend developer Sonicstar. The primary goals of SonicSwap NFT Raffle are:

  • to incentivize participation in SonicSwap & Harmony Ecosystems (winners get 25% of the SONIC prize pool’ & raffled NFT);
  • to acknowledge, involve, promote, & reward local HarmonyONE artists & collectors (beneficiaries gets 25% of the SONIC prize pool);
  • to reduce total SONIC supply by burning 50% of each SONIC prize pool.

Entry barrier for our raffle is very low, so everyone has a chance to join at a very affordable cost - one ticket costs 100 SONIC tokens only! The more tickets users purchase, the higher chances are to win the raffle. Once a raffle gets launched, community spreads the word via social media channels. Winner gets drawn 3 days after participants surpass 1000 tickets purchased in total. Once the threshold of 1000 tickets is reached, users have a 3-day window to purchase more tickets before winner gets drawn by executing a smart contract. Once the raffle is over, everyone can go to the raffle page & find out who winner is & txhash attached to the raffle draw.

This concludes our first major milestone:

Bear in mind that we will keep improving all of the tools above because that’s simply what we’re here for! The community already loves what SonicSwap offers, however we strive to make SonicSwap, as well as Harmony as a whole, more sustainable, intuitive, & affordable for everyone willing to join!

Once this post is live, we’ll be submitting 2 more Google forms to the Harmony team for the completed milestones. At this point, we believe we’ve done everything that’s needed to be done in order to receive the funding for our completed milestones @jbeltran. Feel free to let us know should anyone have any questions or concerns! Thank you, once again, for this great opportunity. We’re looking forward to continue BUIDLing full-force & expanding our target markets to reach more & more Harmony adoption globally!

3 Likes