Dear Poloniex Users,
To celebrate the listing of KING (KING) on Poloniex and give back to our customers for their trust and support, Poloniex is launching the "29,500,000 Airdrop to Celebrate the Listing of KING (KING)" campaign together with the KING (KING) team. Details are as follows:
Campaign period: 8 days, May 11, 2023 at 11:00 – May 19, 2023 at 10:59 (UTC)
Promotion 1: [Hold KING to Share 9,500,000 KING]
During the campaign, Poloniex users with a valid KING balance of at least $10 (15,000 KING) will receive an airdrop of $10. The rewards from a prize pool totaling 9,500,000 will first be airdropped to KING holders with greater valid KING balances until the prize pool runs out.
Note: A snapshot of users' KING balances will be taken at a random time every day for eight days during the campaign. The valid KING balance of a user is calculated in the following way:
- A user's valid KING balance = Sum (The user's KING balance recorded on each snapshot)/8
Promotion 2: [Trade and Split 20,000,000 KING ]
During the promotion, all traders whose cumulative spot trading volume meets the minimum requirement are eligible to share an airdropped prize pool of 20,000,000 KING based on the ranking of their trading volumes. Details are as follows:
| Ranking by Trading Volume |
Reward (KING) |
Minimum Trading Volume Required (USDT) |
Maximum Reward for One Single User (KING) |
| 1st | 7,000,000 | 5,000,000 | 7,000,000 |
| 2nd | 5,000,000 | 4,000,000 | 5,000,000 |
| 3rd | 4,000,000 | 3,000,000 | 4,000,000 |
| 4th - 10th | Share 2,000,000 in proportion to their trading volume | 100,000 | 500,000 |
| All other qualified users | Evenly share 2,000,000 | 100 | 2000 |
Rules and terms:
1. The valid trading pair of this campaign is KING/USDT.
2. The rewards airdropped in this campaign are in KING.
3. The cumulative trading volume and rewards of this campaign are calculated in the following way:
- Cumulative trading volume = Executed buys + Executed sells
- The reward for a user ranked 4th–10th = The corresponding prize pool * Cumulative trading volume of the user / Total trading volume of all users qualified for this pool
4. This campaign is not open to market makers.
5. Reward calculation during the campaign will be based on the price of $0.0006780 per KING.
6. Reward distribution: All rewards will be distributed within 20 working days after the campaign ends. You can log in to your account and view the rewards in Activity > Wallet.
7. Users deemed to have used multiple accounts in an attempt to win multiple prizes will be disqualified from this event.
8. 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 (Canada), Crimea, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, North Korea, Palestine, Syrian Arab Republic, Somalia, Sudan, Zimbabwe, Afghanistan, Côte d'Ivoire, Yemen, Myanmar, the Chinese Mainland, Cuba, the United States of America and all U.S. territories.
9. Poloniex employees who, in the course of their duties, become aware of inside information, whether intentionally or unintentionally, are considered insiders. Likewise, non-Poloniex employees who are informed of such information are also considered insiders. Insiders must abide by the following rules to avoid and prevent any insider trading:
- The insider information must be kept strictly confidential and not disclosed to non-insider personnel (including family & relatives) inside or outside of Poloniex.
- Insiders are not permitted to use their corporate or personal accounts to trade on Poloniex.
10. The rules of the campaign 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.
The Poloniex Team
May 11, 2023
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