Poloniex is launching a giveaway campaign featuring 1,500 LQDR in the following week to celebrate the listing of LiquidDriver (LQDR). All new and existing users are welcome to join and share the 1,500 LQDR prize pool!
Campaign period: 7 days, March 24, 2022 at 14:00 - March 31, 2022 at 13:59 (UTC)
[Hold LQDR to Enjoy a 700% APY]
During the campaign, users who have 10 LQDR 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 800 LQDR. Each participant can win up to 20 LQDR.
[Trade to Win from 700 LQDR]
During the campaign, users who trade a total of 500 USDT or more in LQDR will be eligible for a share from the 700 LQDR prize pool in proportion to their total trading volume. Details are as follows:
Rules and Terms:
- Campaign period: 7 days, March 24, 2022 at 14:00 - March 31, 2022 at 13:59 (UTC)
- The eligible trading pair for this campaign is LQDR/USDT.
- LQDR trading volume will be calculated according to the following formula: Trading volume = Sum (executed buys of the LQDR trading pair) + Sum (executed sells of the LQDR trading pair).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold LQDR to Enjoy a 700% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' LQDR balance randomly on a daily basis. Please make sure you have a sufficient LQDR balance in [Wallet > Asset Balance > LQDR] during this time. LQDR in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Reward calculation: LQDR reward for a user = Total LQDR the user holds *700%* Number of snapshots showing that the user holds LQDR/365 days/4 (number of snapshots taken each day).
- For example: User A has a balance of 150 LQDR 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*700%*24/365/4=17 LQDR.
- 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 800 LQDR. At the end of the campaign, if we determine that the total prize pool is not enough to offer an APY as specified, we will distribute the prize to users in proportion to their balance and days of participation.
- [Trade to Win from 700 LQDR] 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 LQDR during the campaign and is ranked No.10 by trading volume. In this case, User A is eligible for a share of the 140 LQDR prize pool, and User A's reward =140 LQDR/14= 10 LQDR.
- 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 24, 2022