Primit today announced its official deployment on the Avalanche network, with the launch of Season 1: Primit × Avalanche “On-Chain Perp Frenzy” set for July 15. The 14-day trading incentive event features a total reward pool of 100,000 USD equivalent in AVAX, open to all on-chain perpetual contract traders.
Strategic Significance
Primit selected Avalanche as its launch chain based on its sub-second finality and minimal gas costs. For perpetual trading, every millisecond of latency impacts liquidations and position safety. Avalanche’s architecture is inherently suited for high-concurrency, low-latency DeFi scenarios, while Primit’s orderbook and funding rate mechanisms deliver a CEX-grade experience on-chain.
Avalanche’s Snowman consensus protocol enables deterministic finality within one second, a critical requirement for perpetual trading where mark prices and funding rates must update in near real-time. Primit’s on-chain orderbook matching engine is designed to leverage this finality, ensuring that order execution, position updates, and liquidation triggers remain synchronized with minimal network delay.
“We’re not simply deploying a frontend on Avalanche — we’re bringing the full perpetual infrastructure onto the chain,” the Primit team stated. “Season 1 has a clear objective: prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.”
Season 1 Mechanism Preview
The event features four reward mechanisms covering the full spectrum from retail to professional traders:
– Daily Random User Rewards: 20 users with ≥$200 daily trading volume randomly selected each day to share a $400 pool. 280 total winners over 14 days.
– Twitter Contributor Rewards: $3,000 pool rewarding high-quality tutorials, strategy analysis, and risk management content posted with #Primit #Avalanche.
– Referral Rebate Mechanism: $50,000 total pool distributed proportionally by valid referral trading volume. No individual cap.
– Volume Leaderboard: Top 120 traders share $37,800, with Top 1 receiving $4,000. AVAX-related pairs receive a 1.5x volume weighting multiplier.
All Season 1 rewards are distributed through transparent on-chain contracts, with daily random draws and leaderboard settlements executed via verifiable mechanisms. Participants can track reward distribution status directly on-chain, eliminating manual claim delays and ensuring full auditability throughout the 14-day event period.
Long-Term Value: Tiered Fee Structure
Primit is simultaneously launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche’s low gas costs to form a sustainable competitive advantage.
The tiered structure features multiple cumulative volume thresholds, with Maker fees starting at standard rates for retail users and scaling down to zero for top-tier participants, while Taker fees adjust proportionally across tiers. Combined with Avalanche’s consistently low transaction costs, active traders retain a significantly larger portion of their P&L compared to standard on-chain alternatives.
About Avalanche
Avalanche is a high-performance, interoperable Layer 1 blockchain platform achieving high throughput and rapid finality through its unique consensus mechanism — a preferred infrastructure for DeFi and institutional-grade applications.
About Primit
Primit is a next-generation on-chain perpetual contract trading platform focused on delivering low-latency, low-fee, fully transparent on-chain derivatives trading. The platform supports both cross-margin and isolated margin modes, with real-time funding rate displays and adjustable leverage. The interface is optimized for professional trading workflows, featuring advanced order types including limit, market, stop-limit, and trailing stop orders.
Following Season 1, Primit will introduce additional AVAX ecosystem trading pairs and expanded margin assets, alongside continuous matching engine optimizations to further reduce latency. The platform’s roadmap prioritizes deep integration with Avalanche’s infrastructure layer, including native subnet compatibility for future scalability.
Event Portal: https://primit.io/ or https://app.primit.io/trade
Event Period: July 15 — July 28, 2026
Twitter: https://x.com/primitforall | https://x.com/avax
