Qountdown Phase 2: Use Threebalance & Qonstant to win a share of 1 million QODA tokens

We are excited to announce a new event with an allocation of 1,000,000 QODA tokens for its participants. Welcome to the second phase of the Qountdown campaign for active users of Qonstant and Threebalance.

What is Qountdown?

Qountdown to the QODA token launch is a (huge!) campaign in the lead-up to the Token Genesis Event in May. Phase 1 takes place on Galxe, so be careful and interact only with our verified space. Join here: https://galxe.com/qodafinance.

You can read more about Qoda, our ecosystem, the token, and the mechanics of Phase 1 here.

Phase 2: Trading Volumes

Our Qommunity is the core part of our ecosystem. We are delighted to see the fantastic interest in the Qountdown, which almost 20,000 participants have joined since its launch!

Today, we are launching the second phase of the event, which sets up a hefty reward for active users of our ecosystem DApps. All you need to participate is to use Qonstant and/or Threebalance.

Here are the detailed terms and conditions:

1. 1,000,000 QODA tokens will be distributed among the participants of the event who fulfill these conditions.
2. The period of Phase 2 is from April 25to May 25. The event can be ended earlier at the team’s discretion.
3. The minimum volume for participation in the event is $200. It can be achieved in one or more transactions.
4. The trading volumes by Qonstant (Arbitrum One) and Threebalance users who made transactions before the start of this event will be counted in the final leaderboard. Thank you for your support in the early days!
5. The reward pool will be distributed in proportion to trading volumes. For example, if a user generates $100,000 volume and this is 2% of the total volume of all participants in the event, this user will receive 2% of 1,000,000 tokens, i.e. 20,000 QODA.
6. In order to avoid the concentration of a large number of tokens in one hand, we set an upper limit of 50,000 QODA tokens as a maximum reward per single participant. Any leftover tokens, in this case, will be redistributed in subsequent campaigns at the team’s discretion.
7. Only the top 1000 participants (according to their total rebalanced volume) will be eligible to share in the 1,000,000 token prize pool.
8. The QODA token does not exist at the moment and is not traded anywhere. All details related to the launch of the token and the TGE will be announced on ALL of our official channels simultaneously. Be careful and beware of scammers.
9. Details regarding tokenomics, token price, listing, reward distribution, and so on will be announced later.
10. The team reserves the right to change the terms and conditions of this event or cancel it at its sole discretion.
11. These terms and conditions are subject to change or amendment at any time without prior notice.
12. By participating in the Qountdown, you automatically agree to these terms, and the terms associated with using each of Qoda’s products and ecosystem DApps.
13. Nothing written in this blog post or for campaigns related to the Qountdown campaign is a financial recommendation. Do your own research.
14. Any attempts to violate or circumvent these rules or gain an advantage over other participants in ways that the team, at its sole discretion, considers unacceptable (including but not limited to multi-accounting, using bots and fake accounts, wash trades, and so on and so forth) may result in exclusion from the list of winners. The team does not accept any claims in this regard; any decision is final and will not be subject to review.

Why should I use Qoda ecosystem DApps and participate in the event?

Qonstant is a first-of-its-kind orderbook-style decentralized loan exchange with fixed rates. It provides more predictability, as you always receive the APR you see in the interface when you open your position. No floating rates.

We support altcoins as collateral: you can use ARB, GMX, LINK, and liquid-staked ETH (wstETH, rETH, and cbETH) on Arbitrum One to borrow against.

Lending is a great way to let your idle capital work and receive a fixed income. Borrowing allows you to leverage your portfolio by using your existing assets as collateral. Borrowed assets can be traded, held, or used to farm yield or participate in retrodrops.

Qonstant was independently audited by Halborn Security.

Threebalance is a top-of-DEX tool built on the 1inch API. No matter how good you are at the science of portfolio management, the DApp enables you to rebalance (change portfolio allocation), reposition (sell one token and buy another), or trade multiple tokens through its interface in one flow. Think of it as a portfolio tracker with an advanced swapping flow.

Threebalance uses the 1inch API, which means users have access to the best on-chain liquidity pools. All the tokens supported by 1inch are available for trading on Threebalance. What makes it more advanced, then? We offer an interface with automated calculations to improve your trading experience. You don’t need to switch between tokens, check contract addresses, manually calculate your exposure, etc. Just select all the tokens you want to trade on a specific chain (we support Ethereum, BSC, Arbitrum One, Optimism, and Base at the moment), set up your desired allocations as percentages of your portfolio, and the DApp will create routes for the corresponding trades. All you need to do is to approve and confirm all the transactions in your wallet.

Threebalance is fully self-custodial. This means we don’t hold any of your tokens, and all the interactions with a blockchain happen through 1inch. Consider all associated financial, security, and smart contract risks.

QODA is the only token that governs and earns rewards from the Qoda DAO. All of Qoda’s ecosystem DApps share their revenue with the Qoda DAO, which is paid to QODA stakers. This means that token stakers benefit from, and shape, the future of all DApps that are part of the Qoda ecosystem.

How to track my progress?

For Qonstant users:

• Join our Discord server.
• Go to the #grand-prix channel.
• Use the following commands: /points [wallet address] shows the points for the current month. /ranks [wallet address] shows the points for all the months when you participated. /top-overall shows the 25 most active users for the cumulative loans traded.

Please note that the bot shows the amount multiplied by 100, i.e. to get the real amount in USD, you need to divide the amount you see by 100.

For Threebalance users:

• There is currently no way to check your rebalanced volume. We are working on developing the rebalance history in the DApp interface. Until the release, you can track your volume through blockchain explorers.
• Aggregated data for all participants will be collected on-chain and published at the end of the event.

Final leaderboard (aggregated data across both Qonstant and Threebalance):

• Within 1–2 weeks after the event, we will summarize the results, including the overall leaderboard with the traded volume in USD, and share it publicly.