We listed Synthetix (SNX) earlier this month and want to thank everyone who has participated in celebrating the listing with us! With over 16 million SNX traded since listing, we’ve seen a lot of excitement around SNX and want to provide another way for our customers to support this asset. Later today, we’re beginning our SNX Earn Campaign where customers who hold SNX will earn interest on their balance over the next 28 days.
Campaign Period: April 24, 2020 at 18:00 UTC to May 22, 2020 at 17:59 UTC
Earn an annual yield of up to 25% during our SNX Earn Campaign:
- For the next 28 days, earn an annual yield of up to 25% simply by holding your SNX on Poloniex
- With a total prize pool of 20,000 SNX for the SNX Earn Campaign, there is a chance that participants will receive less than 25% APR. Please read the Terms & Conditions below for more information
- Deposit SNX into your Poloniex account by the campaign start later today at 18:00 UTC to maximize your earnings! We’ll snapshot your SNX balance four times every day
How to Receive Rewards:
- Deposit SNX into your Poloniex account (if you’ve already been holding or trading SNX on Poloniex this past week, you just need to continue holding it in your account)
- Hold at least 100 SNX to be eligible for rewards
- We’ll take four daily snapshots of your SNX balance around 00:00, 06:00, 12:00, and 18:00 (UTC) each day
- Rewards will be distributed into your Poloniex account within 2 weeks of the campaign end date on May 22, 2020
In order to receive your SNX rewards, your Poloniex account must meet the following criteria at the time of the distribution:
- Your account must be in good standing (not closed or frozen)
- You must not be located in any of the prohibited countries or jurisdictions that are highlighted in the Poloniex User Agreement
Terms & Conditions
- Promotion Period: 28 days - 18:00 UTC on 24th April 2020 to 17:59 UTC on 22nd May 2020.
- To be eligible for rewards, you must hold at least 100 SNX 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 from April 24, 2020 at 18:00 UTC until May 22, 2020 at 17:59 UTC
- SNX included in pending orders, pending deposits, and pending withdrawals are not counted towards your SNX balance snapshots.
- There is a total prize pool of 20,000 SNX 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 25%, participants will receive less than 25% and the total prize pool will be distributed proportionately across participants based on the balance they held and the number of snapshots where they had an SNX balance.
- Rewards will be distributed within two weeks after the promotion ends on May 22, 2020.
- 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.