Dear users,

Ethereum Classic (ETC) production is expected to be reduced on April 26, 2022, upon which there will be a 20% reduction in ETC block rewards from 3.2 ETC per block to 2.56 ETC. In response to ETC supply control, AscendEX will roll out the 5th round of the LuckyDrop program between Apr. 29 2 AM and 11 AM UTC, offering users a limit-time opportunity to subscribe for ETC worth 100,000 USDT with a 50% discount. Details are as follows: 

For Web clients: Click HERE to join the ETC LuckyDrop
For App clients: Click LuckyDrop on the homepage of the app

1.  Warm-Up Period: Apr. 22, 12 AM – Apr. 29, 12 AM UTC

Users who meet the requirements for account holdings or trading volume will be eligible to participate in the LuckyDrop and buy discounted ETC based on their subscriptions available. The higher their account holdings or trading volume, the more discounted ETC users can subscribe. Users can also refer their friends to register on the platform via their exclusive referral links to increase their chance of winning.

OverviewBuy Ethereum Classic (ETC) at 50% off
EligibilityVerified users with average account holdings or total trading volume of 10,000 USDT or more will be eligible to participate.
How to gain a maximum of 6 subscriptions?A subscription will be added upon an average account holding or a total trading volume increase of 10,000 USDT, with a maximum of 6 subscriptions for each user.
How to increase the chance of winning?An extra 2% winning chance will be increased upon an eligible referral (a referee signs up on AscendEX via the referrer’s exclusive referral link), with a maximum of a 40% increase.

2.   Subscription Period: Apr. 29, 2 AM – 11 AM UTC

Users can select the number of subscriptions based on their maximum subscriptions available and pay for their subscriptions with USDT available in their cash accounts. The USDT users used for payments will be deducted accordingly after they completed their subscriptions.

The number of maximum subscriptions6
Subscription price

50% off the market price

(The subscription price will be calculated based on the average closing price of the token at 12 AM UTC during the eligibility period and will be updated before the start of the LuckyDrop.)

Payment tokenUSDT

3.  Lucky Raffle Period: Apr. 29 11:01 AM -11:10 AM UTC

The lucky raffle will start after the conclusion of the subscription. Lucky raffle winners will receive their LuckyDrop quota. Users who don’t win in the lucky raffle will be eligible to share in the pooled participation rewards.

LuckyDrop Total Supply2,800 ETC (worth $100,000)
LuckyDrop ModeLucky Raffle + Participation Rewards
Total Allocation for Lucky Raffle2,400 ETC (800 subscriptions available, 3 ETC per subscription)
Total Allocation for Participation400 ETC

4. Token Distribution Period: Apr. 29, 11:11 AM – 12 PM UTC

ETC tokens won in a lucky raffle will be fully distributed to winners’ accounts by Apr. 29, 12 PM UTC without lockup. The tokens users paid for the portion of subscriptions that did not win in the lucky raffle will be refunded to users’ accounts by Apr. 29, 12 PM UTC.

Please note:

1. Users are required to complete account verification to participate in the LuckyDrop.

2. The number of subscriptions users can apply for will be calculated either based on their account holdings or their trading volume. The system will select the maximum number for users by default.

  • Users’ trailing 7-day average holdings in a Cash Account, Margin Account, Futures Account and Investment Account will be calculated every day from Apr. 22, 12:00 a.m. to Apr. 29, 12 a.m. UTC, 2022.
  • Users’ trailing 7-day total trading volume (including cash trading, margin trading and futures trading) will be calculated in USDT between Apr. 22, 12:00 a.m. and Apr. 29, 12 a.m. UTC, 2022.
Trailing 7-Day Average Holdings (USDT)TypeTrailing 7-Day Total Trading Volume (USDT)Max. Number of Subscriptions per Account
≥ 1,000or≥ 10,0001
≥ 2,000or≥ 20,0002
≥ 3,000or≥ 30,0003
≥ 4,000or≥ 40,0004
≥ 5,000or≥ 50,0005
≥ 6,000or≥ 60,0006

3. If the shares that users win from the pooled participation rewards exceed the users' subscription value, users can only receive participation rewards shares worth up to the amount of their subscription values.

4. Referrers must use the exclusive referral link on the event page to increase their chance of winning.

5. Users are required to agree to and acknowledge LuckyDrop T&Cs.

6. Sub-accounts cannot participate as an independent account.

7. Users from the following countries and regions are prohibited from participation: the United States, Balkans region, Belarus, Myanmar, Côte d'Ivoire, Cuba, the Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syrian Arab Republic, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal, Afghanistan, Burundi, Central African Republic, Malaysia, Ethiopia, Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, and Yemen.

AscendEX will strictly enforce all the related rules. Any participants found violating AscendEX’s rules, such as the use of duplicate or false accounts, will be removed from the events. AscendEX reserves the final rights to interpret and adjust these Terms and Conditions. 

Thank you for your continued support!

The AscendEX Team

Website: https://ascendex.com
Twitter: https://twitter.com/_AscendEX
Telegram Group: https://t.me/AscendEXEnglish