To continue our celebrations of our 7th anniversary and TrueUSD (TUSD) being listed on Poloniex, we’re beginning a new TUSD staking campaign. Deposit and hold TUSD on Poloniex and earn up to 50% APR over the next two weeks!
Campaign Period: January 19, 2021 at 14:00 UTC to February 2, 2021 at 17:59 UTC
During each day of the campaign, we will take four TUSD balance snapshots around 00:00 UTC, 06:00 UTC, 12:00 UTC, and 18:00 UTC. Hold at least 100 TUSD to be eligible for prizes. You can deposit more, withdraw, or trade TUSD throughout the campaign but the longer you hold TUSD on Poloniex, the more TUSD you’ll earn!
Prizes for our Hold TUSD and Earn Campaign will be distributed within two weeks of the campaign end date.
Terms and Conditions:
- Promotion Period: 14 days - 14:00 UTC on January 19, 2021 to 17:59 UTC on February 2, 2021
- To be eligible for rewards, you must hold at least 100 TUSD in your Poloniex account during at least one of the balance snapshots throughout the promotion period.
- Balance snapshots will occur around 00:00, 06:00, 12:00, and 18:00 (UTC) each day of the campaign
- TUSD included in pending orders, pending deposits, and pending withdrawals are not counted towards your TUSD balance snapshots.
- During the campaign, staking rewards will accrue at an annualized yield of up to 50% starting from the first snapshot of the Promotion according to the following formula:
- Rewards per User = Sum of user’s TUSD held * (50% / 365 days / 4 snapshots per day) * Number of snapshots with a TUSD balance
- For example: User A deposits 20,000 TUSD on Day 2 of the campaign and holds it until the end. That means User A stakes their TUSD for 13 days (52 snapshots) and thus is eligible for a reward of: (20,000*(50%/365/4)*52)=356 TUSD
- There is a total prize pool of 50,000 TUSD for this Promotion. If at the conclusion of the Promotion, we determine that the total prize pool will be exceeded by providing an annual yield of 50%, participants will receive less than 50% APR and the total prize pool will be distributed proportionately for participants based on their TUSD balance and the number of snapshots that they had a TUSD balance.
- Rewards will be distributed within two weeks after the promotion ends on February 2nd.
- We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based out of a country in our prohibited countries list. For further details, please refer to our User Agreement.
- If we determine that an individual has used multiple accounts in order to win multiple prizes, we will distribute only one reward to that individual. We will distribute the most valuable of the rewards, as determined by the USD value.
- The rules of the promotion shall be subject to Poloniex’s final interpretative decision and 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.