We are launching this giveaway campaign to celebrate the listing of LatteSwap (LATTE) on Poloniex, and to give back to both new and existing users. Come and grab a share from 20,000 LATTE!
Campaign period: 5 days, October 27, 2021 at 07:00 - November 1, 2021 at 06:59 (UTC)
[Hold LATTE to Enjoy a 500% APY]
During the campaign, Poloniex users with a balance of no less than 400 LATTE can enjoy a 500% APY. The longer you hold, the higher yield you will get. The prize pool totals 10,000 LATTE. Each user can win up to 800 LATTE.
[Trade and Win from 10,000 LATTE]
During the campaign, users who trade (buys + sells) no less than 200 USDT in LATTE are eligible for a share from the 10,000 LATTE prize pool in proportion to their trading volume. Each user can win up to 800 LATTE.
Rules and Terms:
- Campaign period: 5 days, October 27, 2021 at 07:00 - November 1, 2021 at 06:59 (UTC)
- The eligible trading pair of this campaign is LATTE/USDT.
- We calculate the cumulative trading volume of LATTE in the following way: Trading volume = Sum (executed buys of the LATTE trading pair) + Sum (executed sells of the LATTE trading pair).
- Deposits or withdrawals will not count towards the trading volume.
- Trading volume will be calculated in USDT.
- Reward calculation: LATTE reward for a user = Total LATTE the user holds *500%* Number of snapshots showing that the user holds LATTE/365 days/4 (number of snapshots taken each day).
- For example: User A has a balance of 5,000 LATTE 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 4 days of snapshots (4*4=16 snapshots in total), which translates into a prize of 5,000 LATTE*500%*16/365/4 = 273 LATTE.
- Rewards are calculated based on the APR of the stage and start to accrue when the first snapshot of the account's balance is taken. The total prize pool of this campaign is 10,000 LATTE. At the end of the campaign, if we determine that the total prize pool is not enough to offer an APR as specified, we will distribute the prize to users in proportion to their balance and days of participation.
- For example, User A has a trading volume of 2,000 USDT during the campaign, while the total trading volume of all eligible users is 50,000 USDT. In this case, User A's reward = 10,000LATTE * 2,000/50,000 = 400 LATTE.
October 27, 2021