Algorand (ALGO) Innovation Competition: A New Way to Transfer USDT/USDC: $35,000 to be Won!
02/17/2021, 15:38:23
To celebrate Algorand (ALGO)-based USDT-ASA and USDC-ASA now being supported on KuCoin, we will launch a listing campaign together with the Algorand project to give away a reward pool of $10,000 in ALGO and $25,000 in USDT/USDC to qualified KuCoin users. The campaign will run from 10:00:00 on February 17, 2021 to 10:00:00 on February 24, 2021 (UTC).
Learn more about Algorand (ALGO): https://www.algorand.com
Activity 1: Exclusive Rewards for Loyal ALGO Traders, Win a Share of $15,000!
During the campaign period, KuCoin users who have at least one deposit of any amount of USDT or USDC will be rewarded with $10 in ALGO + 5 USDT (approximately $15).
To successfully claim your rewards, you must:
- Complete your deposit using the Algorand blockchain (View Guidelines).
- Hold at least 100 ALGO on KuCoin before February 17, 2021 (a snapshot was taken at 16:00:00 on February 16, 2021 (UTC) to verify the holdings of each participant).
Reward for first 1,000 qualified users = Each user will receive $10 in ALGO + 5 USDT
Activity 2: Deposit Algorand Standard Assets (ASA) to KuCoin, Win a Share of $15,000 in USDT/USDC
During the campaign period, users who have net deposit volume (deposit - withdrawal) that reaches 100 USDT/USDC or more on KuCoin will have a chance to share a $15,000 prize pool! (only the deposits made through the Algorand chain will be counted)
- The top 10 users with the highest net deposit volume will get 1,000 USDT each.
- All users (other than the top 10 net deposit users) who reach a net deposit volume of 100 USDT-ASA/USDC-ASA or more will evenly share the 5,000 USDT/USDC prize pool.
Activity 3: Innovation Rewards: Trade ALGO and Share a $5,000 Prize Pool!
Users who have an ALGO trading volume (buys + sells) that reaches 500 ALGO or more on KuCoin of the trading pairs ALGO/USDT, ALGO/ETH and ALGO/BTC, will win a share of a 4,000 USDT/USDC prize pool.
First Buy Bonus: Users who complete their first trade of ALGO trading pairs during the campaign period and reach 500 ALGO of trading volume, will receive an extra 2 USDT bonus (limited to the first 500 users).
Note:
- Net deposit volume = deposits - withdrawals;
- Trading volume: buys + sells volume;
- We will randomly distribute USDT or USDC rewards for Activity 2 and Activity 3;
- Deposits from a KuCoin address will not be included in the net deposit volume (this includes internal transfers and transfers via blockchain);
- The Sub-Accounts and Master Account will be treated as the same account when participating in the activity;
- The quantity of rewards in ALGO will be calculated based on the average price of ALGO/USDT over the course of campaign period;
- Rewards will be distributed within 7 working days of the campaign ending;
- The trading activity on the platform will undergo rigorous inspection during the activity. For any malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc., the platform will cancel the qualification of the participants. KuCoin reserves all rights to exercise at its sole discretion to define if the transaction behavior is counted as cheating behavior and determine whether to cancel the participation qualification of a user. The final decision made by KuCoin is with legal binding force to all participants who participated in the competition. Users hereby confirm that their registration and use of KuCoin is voluntary and are not forced, interfered with, or influenced by KuCoin in any way.
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