To celebrate FTX integrating AVAX C-Chain, FTX has teamed up with the Avalanche team to give away up to $800,000 in AVAX tokens!
Promotion Period: Dec 10, 2021 00:00 AM - Dec 24, 2021 00:00 AM (UTC)
Reward Calculation Period: Dec 24, 2021 00:00 AM - Dec 31, 2021 00:00 AM (UTC)
*Users can participate in both Promotion A and Promotion B.
Promotion A: Deposit AVAX to share $640,000 in AVAX!
The promotion features a prize pool of $640,000 in AVAX tokens for new FTX users. To be eligible for the prize pool, users only need to complete three simple tasks.
Task 1: Sign up on FTX.com and submit level 2 identity verification during the “Promotion Period”.
Task 2: Net deposit at least 1 AVAX to FTX during “Promotion Period”.
Task 3: Users must have level 2 identity verification approved on FTX.com by the end of the “Reward Calculation Period”.
Prize:
- News users who complete all three tasks above will be awarded $25 worth of AVAX token.
- Winners are determined based on users’ AVAX token deposit time, on a first come first serve basis until the prize pool runs out.
Note:
- Net deposit of AVAX = total AVAX deposit during “Promotion Period” - total AVAX withdrawal during “Promotion Period”.
- FTX will use the price of the AVAX/USD trading pair as the exchange rate used for distribution, at the time of distribution.
- The event only counts the net deposits to the FTX Wallet. If you deposit to your OTC Wallet, please make sure you transfer to your FTX Wallet.
- This campaign is only open to FTX.COM and FTX Pro users, and not FTX App users.
- This promotion is not open to existing users who already have accounts on ftx.com
Promotion B: Trade to win AVAX token ($160,000 in AVAX rewards)
All level 2 identity verified users who trade eligible AVAX trading pairs on FTX will share a pool of $160,000 AVAX tokens! The more you trade, the more you earn!
Note:
- Eligible trading pairs are AVAX/USD, AVAX/USDT, and AVAX/BTC on FTX.com.
- AVAX spot trading volume is the sum of trading volume on AVAX/USD, AVAX/USDT, and AVAX/BTC markets during the “Promotion Period”.
- Each user’s prize is calculated based on their AVAX spot trading volume during the “Promotion Period”. Each user’s prize = (User’s AVAX spot trading volume during the “Promotion Period”/ AVAX total spot trading volume during the “Promotion Period” ) x $160,000.
- Prize for each user is capped at $10,000 in AVAX token.
- This campaign is only open to FTX.COM and FTX Pro users, and not FTX App users.
- Reward calculation example:
- Total AVAX spot volume during the “Promotion Period” is 2,000 AVAX.
- User A traded 1,000 AVAX and the remaining 1,000 users traded 1 AVAX each.
- User A’s reward = min ($10,000, (1000/ (1000 + 1 x 1000)) x $160,000 ) = $10,000
- Each of the rest of the users’ reward = min ($10,000, (1/(1 x 1000)) x ($160,000 - $10,000)) = $150
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. It is blazingly fast, low cost, and eco-friendly. It is compatible with Ethereum smart contracts and tooling, enabling Ethereum users and developers to quickly access high-performance decentralized apps.
Terms & Conditions:
- All rewards will be distributed to FTX accounts within 7 days after “Reward Calculation Period”.
- Only FTX users with fee tier 1-6 are allowed to participate.
- FTX reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- FTX reserves the right in its sole discretion to amend or change or cancel this competition at any time and for any reasons without prior notice.
- For complete terms of service please see below.