Dear Poloniex Users,
To celebrate the listing of VELO on Poloniex and to give back to all our users, Poloniex is launching the "$50,000 Giveaway to Celebrate the Listing of Velo (VELO)!" event. All users are welcome to grab a share from the $50,000 worth of the VELO prize pool! Details are as follows:
Event period: 10 days, November 16, 2022 at 11:00–November 26, 2022 at 10:59 (UTC)
Promotion 1: [Invite Friends and Share $10,000 in VELO]
During the promotion, new users who sign up via the referral link of the promotion or that of existing users, complete Level 2 verification, and trade at least 100 USDT worth of VELO in the spot market can evenly share a prize pool of $10,000 in VELO with their inviters, if any.
Invite your friends to share rewards>
Promotion 2: [Hold VELO and Win from $10,000 in VELO]
During the promotion, Poloniex users who hold at least $10 worth of VELO (2,000 VELO) upon each snapshot will receive an airdrop of another $10 worth of VELO. The prize pool totals $10,000. The rewards will first be airdropped to VELO holders with greater valid VELO balances until the prize pool runs out.
Note: Users' VELO balances will be snapshotted at a random time every day for ten days during the promotion. The valid VELO balance of a user is calculated in the following way:
- A user's valid VELO balance = Sum(The user's VELO balance recorded on each snapshot)/10
Promotion 3: [Trade VELO and Split $20,000 in VELO]
During the promotion, all VELO traders whose cumulative spot trading volume meets the minimum requirement are eligible to share a prize pool of $20,000 worth of VELO based on their trading volume rankings. Details are as follows:
Promotion 4: [Trade More to Grab from $10,000 in VELO]
During the promotion, users whose VELO spot trading volume reaches 100 USDT on a single day will be deemed as having a valid trading day. The $10,000 airdrop will be shared by all qualified users based on the number of their valid trading days. The more valid trading days they have, the more they are rewarded. Details are as follows:
Rules and terms:
- Valid trading pairs in this event is VELO/USDT.
- In Promotion 1 [Invite Friends and Share $10,000 in VELO], a single user can win up to $10.
- Users' VELO balances will be snapshotted at a random time every day for ten days during the promotion. The valid VELO balance of a user is calculated in the following way:
- A user's valid VELO balance = Sum(The user's VELO balance recorded on each snapshot)/10
- In Promotion 3 [Trade VELO and Split $20,000 in VELO], users ranked 4th–10th by cumulative trading volume can win up to $500 each; users ranked 11th–30th can win up to $200 each; users ranked 31st–100th can win up to $100 each. All other qualified users can win up to $10 each;
- Cumulative trading volume = Executed buys + Executed sells
- Reward for a user ranked 4th–100th = The corresponding prize pool * Cumulative trading volume of the user / Total trading volume of all users qualified for this pool
- In Promotion 4 [Trade More to Grab from $10,000 in VELO], users whose VELO spot trading volume reaches 100 USDT on a single day will be deemed as having a valid trading day. A day's trading volume accrues from 11:00 to 10:59 the next day (UTC). Users who have 4–6 valid trading days can win up to $5 each; users who have 7–8 valid trading days can win up to $10 each; users who have 9–10 valid trading days can win up to $20 each.
- This event is not open to market makers and VIP users.
- Reward distribution: All rewards will be distributed within 20 working days after the event ends. You can log in to your account and view the rewards in Activity > Wallet.
- Users deemed to have used multiple accounts in an attempt to win multiple prizes will be disqualified from this event.
- We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based in a prohibited country. The list of prohibited countries/regions is as follows: Ontario, Crimea, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, North Korea, Palestine, Syrian Arab Republic, Somalia, Sudan, Zimbabwe, Afghanistan, Cote d'Ivoire, Yemen, Lebanon, Myanmar, the Chinese Mainland, Cuba, the United States of America and all U.S. territories.
- The rules of the event shall be subject to Poloniex’s interpretations and decisions, which shall be final. We reserve the right to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Poloniex.
Poloniex Team
November 16, 2022
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