Overview of the EZ project
EasyFi (EZ) is a DeFi or Decentralized Finance lending protocol, enabling collateralized lending by using Plasma to enhance user experience. The Ethereum-based EZ network is Blockchain agnostic and allows cross-chain settlements of assets. This Ethereum-compatible network is secured using the popular consensus mechanism of Proof–of–Stake.
One of the user identity protocols of EasyFi is TrustScore. The TrustScore analyses all the activities of the borrowers on different lending platforms and decides the collateralization ratio needed for every individual.
EASY, the native EasyFi utility token, was introduced for the reasons mentioned below:
- Governance: The EASY coin holders are allowed to cast their votes on the network’s governance decisions.
- Protocol incentivization: EASY coin holders can earn additional EASY coins as rewards while lending and borrowing on the EZ platform.
- Staking: Different projects that want to introduce their lending and borrowing platforms on the EZ network must stake the EASY utility tokens.
- Network consensus: EASY users are allowed to stake their tokens to operate validator nodes and participate in the network consensus.
- Dual farming: EASY users can also farm EASY coins of other decentralized finance (DeFi) project tokens through EASY token staking.
EasyFi Network offers a Layer 2 Decentralized Finance Lending protocol backed by the Matic Network. The network has taken a community-oriented robust governance approach with its native token, $EZ. EasyFi acts as a true catalyst in the DeFi adoption with structured lending instruments in order to speed up liquidity development at exceedingly low cost and super-lightning speed.
The main benefits of EasyFi Network are –
- EasyFi runs on the most friendly and popular Layer 2 network that allows one of the fastest transactions at the lowest possible costs.
- EasyFi allows frictionless onboarding of their users with a built-in gasless transaction for NO GAS FEE.
- It is a multichain money market network on BSC, Ethereum, Polygon and other cryptos.
EasyFi has partnered with WazirX, a popular cryptocurrency exchange, to provide the most generous giveaways of $47,510. The Grand Giveaway schedule is provided in the following section.
WazirX is a popular cryptocurrency trading platform in India that offers a simplified trading application with multiple exciting features. WazirX is user-friendly and enabled with strong security features. The integration of WazirX with Binance has introduced the WRX utility coins while the innovative peer-to-peer trading exchange has contributed to the platform’s extensive adoption and popularity.
EasyFi and WazirX have come together to provide a host of amazing giveaways and activities for their users. Interested participants can join the event by participating in the most awaited giveaway of a net worth of $47,510.
The giveaway is scheduled for Tuesday, 4th January. Sign up at any time between 4th January and 7th January on WazirX to win 0.5 EZ coins for free.
Here is a detailed Giveaway Schedule:
- 4th January, Tuesday – Participate in the Trivia event on the WazirX official Instagram page and win $50 prizes. Participants will get to play exciting trivia about the EZ platform and win.
- 4th January, Tuesday – 5th January, Wednesday – Participate in a Quiz event on the WazirX official blog page and win $500 prizes. Participants will get to show off their EZ knowledge, play exciting quiz sessions and win.
- 5th January, Wednesday – Participate in the AMA session with the VP of Growth and Marketing, Shantanu Sharma, learn about EZ inside-out, and win $300 total prizes.
- 6th January, Thursday – Attend a YouTube Live session with the CEO and Founder of EasyFi Network, Ankitt Gaur.
- 10th January, Monday – 13th January, Thursday – Participate in the 72-hour Highest Trader Kaun Marathon and win prizes of ₹27,82,375 or $35,000 worth of EZ tokens for the top 350 traders.
- 14th January, Friday – Participate in the Trading Lucky Draw on EZ. The lucky ones will get to draw bonus prizes from a Prize Pool worth $10,000.
To sign up on the WazirX platform, use the ‘EASYFI’ coupon code to get free ₹150 worth of EASY tokens. The coupon code is valid from 4th January, Tuesday, 9 PM till 7th January, Friday, 9 PM IST. The code will be valid only for the first 650 new registrations or signups.
If you want to know more about EZ Network, participate in the EZ trivia contest on 4th January, Tuesday from 12 PM IST, on the official WazirX Instagram profile.
How to participate?
To participate in the EZ trivia contest, Follow their official WazirX Instagram profile, where WazirX will share five questions on their Instagram story. Five lucky winners will get to win 2.91 EZ each.
Participants can show off their EZ knowledge by participating in an exciting quiz session. The quiz session will be held between 4th January, Tuesday, 6 PM, and 5th January, Wednesday, 6 PM IST.
How to participate?
To participate in this exciting quiz session, participants should visit the official Wazirx Blog page to participate in this exciting quiz session, where 10 questions will be posted. Players must choose the correct answer, and only one entry will be allowed for every player.
The generous and exciting giveaway prizes include:
- $100 for the 1st prize
- $50 each for the 2nd–5th prize
- $20 each for the 6th–10th prize
- $10 each for the 11th– 20th prize.
Users can participate in a live AMA session with Shantanu Sharma to learn more about the EZ network. The live session will be held on 5th January, Wednesday at 5 PM IST on the WazirX Telegram account.
How to participate?
The AMA session will be divided into two parts –
In the first part, 10 questions collected from Twitter followers will be asked about the EZ network to Shantanu Sharma.
In the second part, the participants will ask questions live to him. He will try to answer as many questions in the given 3 minute time.
The grand giveaway will include prize money of $150 to the top 10 questions collected from Twitter and another $150 for the top 5 questions asked in a live session on the Telegram Group.
To learn more about the EZ tokens, participate in an enriching live interview of the CEO and Founder of EasyFi Network, Ankitt Gaur, interviewed by Archit Sinha. The interview will be held on 6th January, Thursday, at 5:30 PM IST, on the WazirX YouTube channel.
Highest Trader Kaun Marathon: EZ/INR
Get set for an enthralling, non-stop 72-hours trading contest with additional prizes and chances to win big prizes in the Highest Trader Kaun Marathon.
How to participate?
The Highest Trader Kaun Marathon will begin from 10th January, at 9 AM, and it will continue till 13th January, 9 AM IST. Users can participate in this challenging contest at any time between Monday and Thursday.
The total prize money for this contest is ₹27,82,375 (~$35,000) worth of EZ coins. Players can win the prizes depending on their trading performance for the whole.
|Trader Rank||Prizes/ Person (EZ)||INR Worth|
|4 – 10||305.63||83471|
|11 – 20||163.00||44518|
|21 – 30||50.94||13912|
|31 – 40||40.75||11130|
|41 – 50||33.62||9182|
|51 – 100||20.38||5565|
|101 – 150||12.23||3339|
|151 – 200||7.54||2059|
|201 – 250||6.11||1669|
|251 – 350||5.09||1391|
EZ Trading Lucky Draw
Users can grab their chances to win a bonus EZ reward in a lucky draw contest starting 10th January, 9 AM till 13th January, 9 PM IST. The lucky winners will be drawn randomly on 14th January.
How to participate?
Participants need to make a minimum trade worth $250 EZ during the 72-hour Highest Trader Kaun Marathon to participate in this lucky draw. Those who participate in the Marathon event will automatically be entered into this lucky draw list. Only a single entry is allowed for a user.
100 lucky winners will get to draw $100 worth of EZ each.