Poloniex is launching a trading competition of Verasity (VRA) in the following week. All new and existing users are welcome to join and share the 1,700,000 VRA prize pool!
Campaign period: 7 days, March 9, 2022 at 13:00 - March 16, 2022 at 12:59 (UTC)
[Hold VRA to Enjoy a 700% APY]
During the campaign, users who have 10,000 VRA or more in their balance will be eligible for a 700% APY. The longer you hold, the higher yield you will get. The prize pool totals 700,000 VRA. Each participant can win up to 20,000 VRA.
[Trade to Win from 1,000,000 VRA]
During the campaign, users whose total trading volume of VRA reaches 200 USDT will be eligible for a share from 1,000,000 VRA based on their rankings. Details are as follows:
Rules and Terms:
- Campaign period: 7 days, March 9, 2022 at 13:00 - March 16, 2022 at 12:59 (UTC)
- Registration Form: https://forms.office.com/r/veQeSp0Qyh
- The eligible trading pair of this campaign is VRA/USDT.
- We calculate the cumulative trading volume of VRA in the following way: Trading volume = Sum (executed buys of the VRA trading pair) + Sum (executed sells of the VRA trading pair).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold VRA to Enjoy a 700% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' VRA balance randomly on a daily basis. Please make sure you have a sufficient VRA balance in [Wallet > Asset Balance > VRA] during this time. VRA in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Reward calculation: VRA reward for a user = Total VRA the user holds *700%* Number of snapshots showing that the user holds VRA/365 days/4 (number of snapshots taken each day).
- For example: User A has a VRA balance of 150,000 VRA 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 150,000*700%*24/365/4=17,260 VRA.
- 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 700,000 VRA. 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.
- [Trade to Win from 1,000,000 VRA] Reward Calculation: Reward for a user = Total rewards of the corresponding prize pool / Number of all qualified users for the pool
- For example, User A trades 80,000 USDT in VRA during the campaign and is ranked No.14 by trading volume. In this case, User A is eligible for a share of the 210,000 VRA prize pool, and User A's reward =210,000 VRA/14=15,000 VRA.
- Market makers, 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.
- Users deemed to have used multiple accounts in an attempt to win multiple prizes will be disqualified 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, the Chinese Mainland, 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.
March 9, 2022