To celebrate our new multi-chain deposit and withdrawal support for Bitcoin on TRON (BTCTRON), we’re beginning a 30-day net deposit campaign for Bitcoin where users can earn APR rewards based on their total net deposits over the campaign period. The top 40 net depositors over the campaign period will earn additional prizes. At the end of the campaign, we will convert the total net deposits from this campaign from BTC to BTC on TRON.
Campaign Period: October 26, 2020 at 21:00 UTC to November 25, 2020 at 20:59 UTC
Promotion 1: Earn Rewards on your Bitcoin Net Deposits
During the campaign period, users with a minimum of 0.01 BTC in Net Deposits (as defined in the Terms and Conditions) on Poloniex will earn an annual yield up to 40% on their Net Deposits.
Over the 30 days, customers can increase the annual yield they will receive in two ways:
- By depositing more Bitcoin into their Poloniex account
- By depositing a minimum of 0.01 BTC each week of the campaign.
Example of earnings for Promotion 1:
A customer deposits:
- 0.02 BTC on the third day of the first week and holds it to end of the campaign
- 0.02 BTC on the first day of the second week and holds it to end of the campaign
- 0.02 BTC on the first day of the third week and holds it to end of the campaign
- 0.05 BTC on the first day of the fourth week and holds it to end of the campaign
In this case, the maximum rewards calculation is:
(0.02 * (27 * 30% / 365)) + (0.02 * (23 * 30% / 365)) + (0.02 * (16 * 30% / 365)) + (0.05 * (9 * 30% / 365))
Promotion 2: Top Net Depositors Earn Bonus Prizes
The customers who have the highest net deposits at the end of the campaign period will receive bonus prizes from a pool of 8 BTC! You can track your rank on our Bitcoin Net Deposit Leaderboard.
All rewards will be distributed within two weeks after the campaign ends on November 25th.
Terms & Conditions
- Promotion is subject to the Bitcoin x TRON Net Deposit Campaign Official Rules available at https://support.poloniex.com/hc/en-us/articles/360058176753 (the “Official Rules”).
- Promotion Period: 30 days - 21:00 UTC on 26th October 2020 to 20:59 UTC on 25th November 2020.
- Users can participate in both promotions simultaneously.
- “Net Deposits” are defined as a user’s total BTC deposits on Poloniex minus the user’s withdrawals. We calculate Net Deposits in the following way:
- Net Deposits = Sum (deposits of BTC or BTC on TRON) - [ Sum (withdrawals of BTC or BTC on TRON) + Sum (completed sells of BTC) ]
- Buying BTC via Poloniex markets will not be factored into the Net Deposit calculation.
- For Promotion 1, the “weeks” are counted from the start of the campaign, as outlined below:
- Week 1: October 26, 2020 at 21:00 UTC to November 1, 2020 at 23:59 UTC
- Week 2: November 2, 2020 at 00:00 UTC to November 8, 2020 at 23:59 UTC
- Week 3: November 9, 2020 at 00:00 UTC to November 15, 2020 at 23:59 UTC
- Week 4: November 16, 2020 at 00:00 UTC to November 22, 2020 at 23:59 UTC
- Week 5: November 23, 2020 at 00:00 UTC to November 25, 2020 at 20:59 UTC
- Some users will be able to monitor their position and net deposit score on a page hosted on the Poloniex site. The requirements to be able to receive a position and score position are as follows:
- Users who have a total net deposit amount greater than or equal to 0.005 BTC will be ranked among other qualifying users and will be able to see their cumulative trading volume.
- To qualify for any rewards or prize pool, users must have a total net deposit amount greater than or equal to 0.01 BTC during the competition period.
- While the leaderboard data is scheduled to be updated on an hourly basis, there could be latency delay.
- For Promotion 2, the “5th - 10th Places” and “11th - 40th Places” prize pools, users that come in 5th through 40th place will receive an evenly split portion of their relevant prize pool.
- There is a total prize pool of 17 BTC for Promotion 1. If at the conclusion of the Promotion, we determine that the total prize pool will be exceeded by providing the annual yields outlined, participants will receive a portion of the total prize pool distributed proportionately based on their BTC net deposit amount and the number of days that they had an eligible net deposit amount. The total prize pool is allocated to each group as outlined below:
- Participants in the “1 Week with at least 0.01 BTC in net deposits” category will receive from a total prize pool of 1.7 BTC;
- Participants in the “2 Weeks with at least 0.01 BTC in net deposits” category will receive from a total prize pool of 3.4 BTC;
- Participants in the “3 Weeks with at least 0.01 BTC in net deposits” category will receive from a total prize pool of 5.1 BTC;
- Participants in the “4 Weeks with at least 0.01 BTC in net deposits” category will receive from a total prize pool of 6.8 BTC.
- 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.