We are launching this giveaway campaign to celebrate the listing of Squid Game(SQUID), Immutable X (IMX), and Ethereum Name Service (ENS) on Poloniex, and to give back to both new and existing users. Trade now to grab a share of 10,000 USDT!
Campaign period: 7 days, November 10, 2021 at 07:00 - November 17, 2021 at 06:59 (UTC)
[Hold SQUID, IMX, and ENS for 7 Days to Enjoy a 300% APY]
During the campaign, new and existing users whose total balance of the three tokens reaches 200 USDT will enjoy an APY of 300%. The longer you hold, the higher yield you will get. The system will take the closing prices of the three tokens at 07:00 (UTC) on November 17 as the standard exchange rates for the calculation of users' share of the 4,000 USDT prize pool. Each participant can win up to 200 USDT in total.
[Trade to Win from 6,000 USDT]
Incentive Prize: All other qualified users can win from 500 USDT in proportion to their trading volume; each user can win up to 50 USDT.
Rules and Terms:
- Campaign period: 7 days, November 10, 2021 at 07:00 - November 17, 2021 at 06:59 (UTC)
- The eligible trading pairs of the three tokens in this campaign are SQUID/USDT, IMX/USDT, and ENS/USDT.
- The cumulative trading volume of SQUID, IMX, and ENS will be calculated according to the following formula: Trading volume = Sum (executed buys in the trading pairs of the three tokens) + Sum (executed sells in the trading pairs of the three tokens).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold SQUID, IMX, and ENS to Enjoy a 300% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' three-token balance at around 18:00, 00:00, 06:00 and 12:00 (UTC) each day. Please make sure you have sufficient SQUID, IMX, or ENS in your wallet during this time. SQUID, IMX, or ENS in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Rewards calculation: USDT reward for a user = (Total SQUID the user holds * Number of the snapshots showing that the user holds SQUID * Exchange rate of SQUID + Total IMX the user holds * Number of the snapshots showing that the user holds IMX * Exchange rate of IMX + Total ENS the user holds * Number of the snapshots showing that the user holds ENS * Exchange rate of ENS) *300% (APY)/365 days/4 (number of snapshots taken each day).
- Users can choose any of the three tokens to participate in the campaign. Each participant can win up to 200 USDT in total.
- For example: User A has an ENS balance of 100 ENS after depositing/trading on the second day of the campaign (with no SQUID or IMX balance), and holds the same amount until the end of the campaign. User A has 6 days of snapshots (6*4=24 snapshots in total), and suppose the exchange rate of ENS to USDT is 30:1 at that time, then it translates into a prize of 100*300%*24/365/4*30=147 USDT.
- Rewards are calculated based on the APY 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 4,000 USDT. 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.
- Poloniex Plus Silver or higher-level members are not eligible for this campaign.
- Reward distribution: All rewards will be distributed in ten business days after the campaign ends. You can login to your account and check 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. Prohibited locations include: American Samoa, Cuba, Guam, Iran (the Islamic Republic of), Democratic People's Republic of Korea, Northern Mariana Islands, Puerto Rico, Seychelles, Syrian Arab Republic, United States minor outlying islands, the United States, and Virgin Islands (U.S.).
- 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.
November 10, 2021