In appreciation of our users’ continued support, AscendEX will launch the 10th round of the "Margin Trading Lucky Draw" event, providing users with the chance to share pooled rewards worth 25,000 USDT. Users who trade on margin daily will be eligible to win a share of 10,000-USDT rewards. Users who maintain a margin trading volume of at least 2,000 USDT will be eligible to share 10,000 USDT. Users who refer friends to complete margin trading tasks will be eligible to share 5,000 USDT. Details are as follows:
Event period: May 12, 12:00 a.m. – May 19, 12:00 a.m. UTC, 2022
Event One: Trade on Margin Daily to Win Up to 1,000 USDT in Rewards
Users who perform margin trades of any token for three days while maintaining a daily trading volume of at least 200 USDT will be eligible to participate in a lucky draw with rewards worth up to 1,000 USDT.
Event Two: Trade on Margin to Share in a 10,000 USDT Prize Pool
Users who trade on margin while maintaining a trading volume of at least 2,000 USDT will be eligible to proportionally share pooled rewards worth 10,000 USDT per their trading volume. For first-time margin traders, their trading volume will be doubled while being ranked.
|Margin Trading Volume (X)
|2,000 ≥ X <10,000 USDT
|Win a proportional share of 1,000 USDT
|10,000 ≥ X < 50,000 USDT
|Win a proportional share of 3,000 USDT
|X ≥ 50,000 USDT
|Win a proportional share of 6,000 USDT
Users who complete the margin tasks in the Rewards Center will be eligible to win AscendEX’s point cards. (1 point = 1 USDT) Point cards can be used to pay for loan interest in margin trading with a 50% discount. Complete now!
Event Three: Refer Friends to Trade on Margin to Win Up to 300 USDT
Users who sign up for the event and refer a friend to complete the required margin trading task* will be eligible to claim 5 USDT worth of rewards. The maximum rewards each referrer can receive is 300 USDT. The prize pool is capped at 5,000 USDT.
*Required margin trading task: Perform margin trades of any token for three days while maintaining a daily trading volume of at least 200 USDT.
Terms and Conditions
1. Lucky draw rules: AscendEX will take the last four digits of the hash of the first Bitcoin block after 12:00 a.m. UTC on May 19, 2022 as the lucky number. Lucky draw rewards will be based on how much the last four digits of eligible users’ UIDs are matched to the lucky number. Please see below for details:
- Fully matched, 1,000 USDT worth of rewards
- Last 3 digits matched, 100 USDT worth of rewards
- Last 2 digits matched, 30 USDT worth of rewards
- Last 1 digit matched, 15 USDT worth of rewards
- No matching, 5 USDT worth of rewards
The lucky number will be unveiled at 4:00 a.m. UTC on May 19, 2022. Lucky Number: 9170
2. One day is defined from 12 a.m. UTC to 12 a.m. UTC the next day.
3. The reward pool of Event One is capped at 10,000 USDT. Rewards winners with winnings worth 10,000 USDT or less, will receive all available rewards. Rewards winners with winnings worth over 10,000 USDT, will receive rewards based on the following proportional calculation: All Winnings * Factor N (Factor N = 10,000 USDT / All Winnings of Event One).
4. Sub-accounts cannot be used as an independent account to participate this event, but their trading volume will be credited towards their parent accounts.
5. Winners must have a verified AscendEX account to be eligible to claim their rewards.
6. Rewards will be distributed to the accounts of the winners within 15 days after the events' conclusion.
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 event. AscendEX reserves the final rights to interpret and adjust these Terms and Conditions.
Thank you for your continued support!
The AscendEX Team