We are holding a giveaway campaign to celebrate the listing of Umbrella Network (UMB) on Poloniex and to give back to our new and existing customers. Join and grab a share of 35,000 UMB!
Campaign period: 7 days, October 13, at 14:00 - October 20, 2021 at 13:59 (UTC)
[Sign up and Trade for a Share of 10,000 UMB]
During the campaign, new signups whose cumulative trading volume (buys + sells) of UMB reaches 100 USDT can receive a 20 UMB airdrop. A total prize pool of 10,000 UMB is given out on a first-come-first-serve basis according to the time the order completes.
[Hold UMB to Enjoy a 300% APY]
During the campaign, Poloniex users with a balance of no less than 200 UMB can enjoy a 300% APY. The longer you hold, the higher yield you will get. The prize pool totals 12,000 UMB. Each participant can win up to 400 UMB.
[Trade and Win from 13,000 UMB]
During the campaign, users who trade (buys + sells) no less than 200 USDT in UMB are eligible for a share from the 13,000 UMB prize pool in proportion to their trading volume. Each participant can win up to 400 UMB.
Rules and Terms:
- Campaign period: 7 days, October 13, at 14:00 - October 20, 2021 at 13:59 (UTC)
- The eligible trading pair of this campaign is UMB/USDT.
- We calculate the cumulative trading volume of UMB in the following way: UMB trading volume = Sum (executed buys of all UMB pairs) + Sum (executed sells of all UMB pairs).
- Deposits or withdrawals will not count towards the trading volume.
- Trading volume will be calculated in USDT.
- [Hold UMB to Enjoy a 300% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' UMB balance at around 18:00, 00:00, 06:00 and 12:00 (UTC) each day. Please make sure you have sufficient UMB in your wallet during this time. UMB in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Reward calculation: UMB reward for a user = Total UMB the user holds *300%* Number of snapshots showing that the user holds UMB/365 days/4 (number of snapshots taken each day).
- For example: User A has a balance of 3,000 UMB after depositing/trading on the second day of the campaign, and holds the same amount until the end of the campaign. Therefore, User A has 6 days of snapshots (6*4=24 snapshots in total), which translates into a prize of 30,000 UMB*300%*24/365/4=147.9 UMB.
- [Trade and Win from 13,000 UMB] Reward calculation: Reward for a user = 13,000 UMB * The user's cumulative trading volume of UMB / Total trading volume of UMB of all eligible users.
- For example, User A has a trading volume of 1,000 USDT during the campaign, while the total trading volume of all eligible users is 50,000 USDT. In this case, User A's reward =13,000 UMB*1,000/50,000=260 UMB.
- Poloniex Plus Silver or higher-level members are not eligible for this campaign.
- Reward distribution: All rewards will be distributed in ten working days after the campaign ends. You can log in to your account and view the rewards in Activity - Wallet.
- If we determine that a user is using multiple accounts in an attempt to win prizes repeatedly, we will disqualify that user from this campaign.
- We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed or based in a prohibited country. Users in the following countries/regions will not be eligible for this campaign: American Samoa, Cuba, Guam, the Islamic Republic of Iran, the Democratic People's Republic of Korea, Mainland China, the Northern Mariana Islands, Puerto Rico, Seychelles, the Syrian Arab Republic, the United States Minor Outlying Islands, the United States and the United States Virgin Islands.
- 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.
October 13, 2021