FTX Hosts AVAX Deposit & Trading Pro to Get Your Share of $800,000 Total Rewards in AVAX! To Celebrate FTX Integration with AVAX C-Chain
Promotion period: 10 Dec 2021 00:00 – 24 Dec 2021 00:00 (UTC)
Award calculation period: 24 December 2021 00:00 – 31 December 2021 00:00 (UTC).
*Users can participate in both Promotion A and Promotion B.
Promotion A: Deposit AVAX to get your share of $640,000 in AVAX!
This promotion offers a total prize pool of $640,000 in AVAX tokens for new FTX users to be eligible for a share of the total prize pool. The user has to perform only 3 simple tasks.
- Task 1: Register on FTX.com and verify your Level 2 identity during the “Promotion Period”.
- Task 2: Make a net deposit of at least 1 AVAX to FTX during the “Promotion Period”.
- Task 3: Users must obtain Level 2 Authentication approval on FTX.com before the end of the “Reward Calculation Period”.
reward
- New users who complete all 3 tasks above will be rewarded with $25 AVAX tokens.
- Winners will be determined based on the user’s AVAX token deposit time on a first-come, first-served basis until the prize pool is exhausted.
Note:
- AVAX Net Deposit = Total AVAX Deposits in Period “Promotion period” – all AVAX withdrawals during the period. “Promotion period”
- The FTX will use the price of the AVAX/USD trading pair as the exchange rate used for the prize distribution.
- This activity only counts net deposits deposited to your FTX Wallet. If you fund your OTC Wallet, be sure to transfer it to your FTX Wallet.
Promotion B: Trade for AVAX Tokens (AVAX $160,000 Prize)
All Tier 2 verified users trading in eligible AVAX trading pairs on FTX will share $160,000 AVAX tokens! The more you trade, the more money you earn!
Note:
- Trading pairs eligible for this activity are AVAX/USD, AVAX/USDT and AVAX/BTC on FTX.com.
- AVAX Spot Trading Volume is the sum of AVAX/USD, AVAX/USDT and AVAX/BTC market volumes during the “Promotion Period”.
- Each user’s reward is calculated based on their AVAX spot trading volume during the period. “Promotion Period”, where each user’s reward = (user’s AVAX spot trading volume during “Promotion Period” / AVAX Total Spot Traded Volume during “Promotion Period”) x $160,000
- The reward for each user is limited to $10,000 in AVAX tokens.
- Only FTX users with fees level 1-6 can participate.
- Example of award calculation:
- Total AVAX spot volume in range “Promotion period” is 2,000 AVAX.
- User A trades 1000 AVAX and the remaining 1000 users trade 1 AVAX each.
- User A Reward = Minimum ($10,000, (1000 / (1000 + 1 x 1,000)) x $160,000) = $10,000
- Each user’s remaining prize = Min ($10,000, (1/(1 x 1000)) x (160,000 – $10,000)) = $150
Terms and Conditions:
- All prizes will be distributed to the FTX account within 7 days after the “prize calculation period”.
- FTX reserves the right to disqualify trades that are considered wash trades, illegally registered large number of accounts. The same is true for trading with the feature of self-dealing or market manipulation.
- FTX reserves the right to modify or change or cancel this Contest at any time and for any reason. without prior notice
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