Poloniex is launching a giveaway campaign featuring 20,000 USDT in the following week to celebrate the listing of ApeCoin (APE). All new and existing users are welcome to join and share the 20,000 USDT prize pool!
Campaign period: 7 days, March 18, 2022 at 13:00 - March 25, 2022 at 12:59 (UTC)
[Trade to Win from 16,000 USDT]
During the campaign, users who trade a total of 500 USDT or more in APE will be eligible for a share from the 16,000 USDT prize pool. Details are as follows:
[Hold APE to Enjoy a 700% APY]
During the campaign, users who have 20 APE or more in their balance will be eligible for a 700% APY. The longer you hold, the higher yield you will get. The system will take the closing prices of APE at 13:00 (UTC) on March 25 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.
Rules and Terms:
- Campaign period: 7 days, March 18, 2022 at 13:00 - March 25, 2022 at 12:59 (UTC)
- The eligible trading pair for this campaign is APE/USDT.
- APE trading volume will be calculated according to the following formula: Trading volume = Sum (executed buys of the APE trading pair) + Sum (executed sells of the APE trading pair).
- Deposits or withdrawals will not count towards the trading volume.
- The trading volume will be calculated in USDT.
- [Hold APE to Enjoy a 700% APY] Users may join the campaign on any given day, and Poloniex will take four snapshots of users' APE balance randomly on a daily basis. Please make sure you have a sufficient APE balance in [Wallet > Asset Balance > APE] during this time. APE in pending orders, pending deposits, and pending withdrawals will not count towards your balance.
- Reward calculation: APE reward for a user = Total APE the user hold*Exchange rate of APE*700%* Number of snapshots showing that the user holds APE/365 days/4 (number of snapshots taken each day).
- For example: User A has a balance of 150 APE 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), and suppose the exchange rate of APE to USDT is 10:1 at that time, which translates into a prize of 150*10*700%*24/365/4=172 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 APY as specified, we will distribute the prize to users in proportion to their balance and days of participation.
- 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 18, 2022