We are launching this giveaway campaign to celebrate the listing of Radio Caca (RACA), FREN (FREN), HEX (HEX), Frax Share (FXS), and Merit Circle (MC) on Poloniex, and to give back to our new and existing users. Join and grab a share of 10,000 USDT!
Campaign period: 7 days, November 24, 2021 at 11:00 - December 1, 2021 at 10:59 (UTC)
[Hold Five Tokens to Enjoy a 500% APY]
During the campaign, new and existing users whose balance of the five tokens on Poloniex reaches 100 USDT will enjoy an APY of 500%. The longer you hold, the higher yield you will get. The system will take the closing price of the five tokens at 07:00 (UTC) on December 1 as the standard exchange rate for the calculation of users' share of the 4,000 USDT prize pool. Each participant can win up to 100 USDT.
[Trade to Win from 6,000 USDT]
Incentive Prize: All other qualified users can win from 400 USDT in proportion to their trading volume; each user can win up to 40 USDT.
Rules and Terms:
- Campaign period: 7 days, November 24, 2021 at 11:00 - December 1, 2021 at 10:59 (UTC)
- The eligible trading pairs of this campaign are RACA/USDT, FREN/USDT, HEX/USDT, FXS/USDT, and MC/USDT.
- The cumulative trading volume of the five tokens will be calculated according to the following formula: Trading volume = Sum (executed buys in the trading pairs of the five tokens) + Sum (executed sells in the trading pairs of the five tokens).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold Five Tokens to Enjoy a 500% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' five-token balance at around 18:00, 00:00, 06:00, and 12:00 (UTC) each day. Please make sure you have sufficient balance of any of the five tokens in Wallet > Asset Balance > Radio Caca (RACA), FREN (FREN), HEX (HEX), Frax Share (FXS) or Merit Circle (MC) during this time. Radio Caca (RACA), FREN (FREN), HEX (HEX), Frax Share (FXS), and Merit Circle (MC) in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Rewards calculation: USDT reward for a user = (Total RACA the user holds * Number of snapshots showing that the user holds RACA * Exchange rate of RACA + Total FREN the user holds * Number of snapshots showing that the user holds FREN * Exchange rate of FREN + Total HEX the user holds * Number of snapshots showing that the user holds HEX * Exchange rate of HEX + Total FXS the user holds * Number of snapshots showing that the user holds FXS * Exchange rate of FXS + Total MC the user holds * Number of snapshots showing that the user holds MC * Exchange rate of MC) *500% (APY)/365 days/4 (number of snapshots taken each day).
- Users can choose any of the five tokens to participate in the campaign. Each participant can win up to 100 USDT in total.
- For example: User A has an RACA balance of 100,000 RACA 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). Suppose that the exchange rate of RACA to USDT is 0.008:1 at that time, then it translates into a prize of 100,000*24*0.008*500% (APY)/365/4=65 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 24, 2021