We’re holding a 7 day Swingby Trading Competition to celebrate our recent Swingby (SWINGBY) listing.
Competition Period: August 21, 2020 at 19:00 UTC to August 28, 2020 at 18:59 UTC
During this competition, every SWINGBY trader with trading volume (as defined in the Terms and Conditions below) at or above 3,500 SWINGBY across all SWINGBY pairs will win from a total prize pool of 38,000 SWINGBY.
Prizes will be distributed within two weeks after the competition ends on August 28th.
Terms & Conditions
- Promotion is subject to the Swingby Trading Competition Official Rules available at https://support.poloniex.com/hc/en-us/articles/360052520334 (the “Official Rules”).
- Promotion Period: 7 days - 19:00 UTC on 21st August 2020 to 18:59 UTC on 28th August 2020.
- Some users will be able to monitor their position and rank on a page hosted on the Poloniex site. The requirements to be able to receive a Trading position and ranking position are as follows:
- Users who have traded greater than or equal to 150 SWINGBY in trading volume will be ranked among other qualifying users and will be able to see their cumulative trading volume.
- To qualify for any prize pool, users must trade greater than or equal to 3,500 SWINGBY in trading volume during the competition period.
- While the leaderboard data is scheduled to be updated on an hourly basis, there could be latency delay.
- “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 all SWINGBY pairs) + Sum (executed sells of all SWINGBY pairs)
- Depositing or withdrawing via Poloniex will not be factored into the Trading Volume calculation.
- Valid SWINGBY markets that will count towards the SWINGBY trading volume are SWINGBY/USDT, SWINGBY/BTC, and SWINGBY/TRX.
- For the “1st - 5th Places,” “6th - 20th Places,” “21st - 50th Places,” and “51st - 100th Places” prize pools, users that come in 1st through 100th place will receive a portion of the pool based on their rank as outlined below:
- 1st - 5th Places: The prize pools will be distributed to users based on their rank within their pool. 1st place in the pool will receive 22% of the pool, 2nd place will receive 21%, 3rd place will receive 20%, 4th place will receive 19%, and 5th place will receive 18%.
- 6th - 20th Places: The prize pools will be distributed to users based on their rank within their pool. 1st place in the pool will receive 10.5% of the pool, 2nd place will receive 9.5%, 3rd and 4th places will each receive 8%, 5th, 6th, and 7th places will each receive 7%, 8th, 9th, and 10th places will each receive 6%, and 11th - 15th places will each receive 5%.
- 21st - 50th Places: The prize pools will be distributed to users based on their rank within their pool. 1st - 5th places in the pool will each receive 4% of the pool, 6th - 15th places will each receive 3.5%, and 16th - 30th places will each receive 3%.
- 51st - 100th Places: The prize pools will be distributed to users based on their rank within their pool. 1st - 5th places in the pool will each receive 3.5% of the pool, 6th - 10th places will each receive 3%, 11th - 20th places will each receive 2.5%, 21st - 27th places will each receive 2%, 28th - 38th places will each receive 1.5%, and 39th - 50th places will each receive 1%.
- Users in 1st through 100th places are not eligible for the “All Traders” prize pool.
- For the “All Traders” prize pool, all eligible users will receive an evenly split amount of the pool among other users that qualify for this prize pool.
- Reward distribution: rewards will be distributed within two weeks after the Promotion ends.
- 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 Official Rules.
- 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. For further details, please refer to our Official Rules.