Competition Period: 10 days, April 28 at 12:00 - May 8 at 11:59 (UTC)
All new users who register for a Poloniex account and make a net deposit of no less than 20 KCS during the campaign can each get 15 USDT. The total prize pool is 4,800 USDT and will be distributed on a first-come-first-serve basis.
The prize pool grows larger as more effective traders trade KCS during the campaign. One user will get your share of the prize pool in proportion with your trading volume. The more you trade, the more you will earn. Please see below for details:
Rules and Terms:
1. Campaign Period: 10 days, April 28 at 12:00 - May 8 at 11:59 (UTC)
2. “Net Deposits” are defined as a user’s total KCS deposits on Poloniex minus the user’s withdrawals. We calculate net deposits in the following way:
- Net deposits = Sum (deposits of KCS on ERC) - Sum (withdrawals of KCS on ERC)
- Buying KCS via Poloniex markets will not be factored into the net deposit calculation.
3. “Trading Volume” is defined as the sum of a user’s total buys and sells on Poloniex. We calculate Trading volume in the following way:
- Trading volume = Sum (executed buys of KCS pairs) + Sum (executed sells of KCS pairs)
- Depositing or withdrawing via Poloniex will not be factored into the trading volume calculation.
- The valid KuCoin Token (KCS) market that will count towards KCS trading volume is KCS/USDT. Trading volume will be calculated in USDT.
4. Reward 2: The size of the total prize pool depends on the number of effective KCS traders.
5. "Effective KCS Trader" is defined as a user whose KCS trading volume is higher than 300 USDT.
6. Reward 2: Each user will share the prize pool in proportion with his/her trading volume. Reward Calculation: One user's reward = (The user's KCS trading volume / Effective traders' total KCS trading volume) * Total prize pool.
- For example, during the campaign, there are 2,000 effective traders, so the prize pool of Reward 2 should be 40,000 USDT. Use A's KCS trading volume is 5,000 USDT, and all effective traders' total trading volume is 2,000,000 USDT. Therefore, User A's reward = (5,000/2,000,000) *40,000 USDT = 100 USDT.
7. Poloniex Plus Silver or higher-level members are not eligible for Reward 2.
8. Reward distribution: All rewards will be distributed within two weeks after the campaign ends.
9. 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.
10. We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based in a prohibited country. Prohibited locations include: American Samoa, Cuba, Guam, Iran (the Islamic Republic of), Democratic People's Republic of Korea, Northern Mariana Islands, Puerto Rico, Seychelles, Syrian Arab Republic, United States minor outlying islands, the United States, and Virgin Islands (U.S.).
11. The rules of the promotion 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.