AscendEX will list Sovryn (SOV) under the trading pairs SOV/USDT and SOV/BTC on Sept. 15 at 1:00 p.m. UTC, 2021. Deposit and withdrawal functions are currently enabled. In celebration of the listing, AscendEX and the Sovryn team will launch three limited-time promotional events, taking place from Sept. 15, 1:00 a.m. UTC to Sept. 22, 12 a.m. UTC. Join the following events to share pooled rewards worth up to 120,000 USDT!
Event One: Sign Up & Refer Friends to Share 20,000 USDT Rewards
10,000-USDT Pooled Rewards for Existing Users
Participants will be eligible to receive 5 USDT worth of SOV rewards for every qualified new user referred and registered on AscendEX. The maximum amount of rewards a user can earn is 500 USDT. Qualified new users are users who sign up on AscendEX through the referrer's invitation link and maintain a minimum SOV trading volume (Buy + Sell) of 100 USDT or more during the promotion period. Pooled rewards are capped at 10,000 USDT.
10,000-USDT Pooled Rewards for Newcomers
The top 5 traders ranked by their SOV trading volume who sign up on AscendEX during the promotion period will be eligible to share a 3,000 USDT worth of SOV rewards. Participants who sign up on AscendEX during the events and maintain an SOV trading volume of 100 USDT or more will be eligible to share 7,000 USDT worth of SOV rewards.
Event Two: Net Buy Contest
Earn 2% Rebate
Participants with Net Buy (Buy - Sell - Withdrawal) greater than 20 SOV will be eligible to receive a 2% rebate on their Net Buy. The rebate rewards pool will be capped at 43,000 USDT worth of SOV tokens. Each eligible account can receive a rebate of SOV tokens worth up to 600 USDT based on their Net Buy ranking. Tokens will be distributed on a first-come, first-served basis.
Get 100-USDT SOV Rewards
AscendEX will rank all orders that exceed the size of 10 SOV from high to low according to the buy prices daily. The top 10 traders based on the ranking will be eligible to receive 100 USDT SOV rewards. The prize pool is capped at 7,000 USDT.
Event Three: Fee Discount for Trading SOV/USDT and SOV/BTC
All users will be eligible to trade SOV/USDT and SOV/BTC with the following discounted fee rate: -0.015% for Maker orders and 0.035% for Taker orders.
Please note that the discounted fee rate of -0.015% for Makers indicates that users who execute SOV/USDT and SOV/BTC Maker orders will be eligible for zero trading fees and a rebate of 0.015%.
Event Terms and Conditions
1. Users must have a verified AscendEX account to be eligible to participate in the events.
2. Users cannot join this event using a sub-account. The sub-account’s trading volume will be included in the calculation of the parent account's trading volume.
3. One day is defined as 12 a.m. UTC to 12 a.m. UTC the next day, such as from Sept. 15 at 12 a.m. to Sept. 16 at 12 a.m. UTC.
4. The prize pool of Event Three is capped at 50,000 USDT.
5. Event rewards will be distributed to the winners’ accounts within 15 days after the event’s 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 events. AscendEX reserves the final rights to interpret and adjust these Terms and Conditions.
Thank you for your continued support!
The AscendEX Team