Earn more from your crypto holdings by participating in special promotional campaigns through flexible and fixed savings products. This article explains how you can qualify for a share of a generous reward pool and optimize your digital asset growth strategy.
Understanding Cryptocurrency Savings Products
Cryptocurrency savings products allow users to earn yields on their digital assets. These are generally categorized into two types: flexible (redeemable anytime) and fixed-term (locked for a specific period). Both offer a way to generate passive income, often with competitive annual percentage yields (APY).
Many platforms run limited-time campaigns that provide bonus rewards on top of standard yields. These can include token vouchers, airdrops, or special ranking-based prize pools.
Current Promotion Overview
A ongoing campaign offers participants the chance to earn a portion of a $100,000 equivalent prize pool. The promotion is divided into two separate activities, each with distinct participation rules and reward structures.
Promotion Period: June 5, 2024, 08:00 to June 26, 2024, 07:59 (UTC+8)
Please note that product availability may be subject to regional restrictions.
Activity 1: Flexible Savings with USDC
This activity is designed for new users of savings platforms.
Eligibility Criteria:
- Be a new user who has not used the flexible savings product before the campaign start date.
- Successfully complete account verification.
- Subscribe to a minimum net amount of 50 USDC in the designated flexible savings product during the promotion period.
Reward:
The first 200 eligible users, ranked by the timestamp of their subscription, will receive a 20 FDUSD token voucher.
Key Notes:
- Net subscription amount is calculated as: (Total USDC flexible subscriptions) minus (Total USDC flexible redemptions) during the event.
- Rewards will be distributed within three weeks after the campaign concludes via the rewards center. These vouchers are typically valid for 30 days from distribution.
Activity 2: Fixed-Term Savings with BNB or SUI
This activity is open to both new and existing users.
Eligibility Criteria:
- Successfully complete account verification.
Subscribe to a minimum net amount of either:
- 0.5 BNB in a BNB fixed-term product, OR
- 1 SUI in a SUI fixed-term product.
Reward:
The top 500 eligible users, ranked by their total net subscription amount (converted to USDT value), will share a 90,000 SUI airdrop reward. Higher net subscriptions yield a larger share of the prize pool.
Key Notes:
- Net subscription is crucial. It is calculated as (Total subscriptions in SUI/BNB fixed products) minus (Total redemptions in SUI/BNB fixed products) during the event.
- Redeeming a pre-existing fixed product position and re-subscribing the same amount will result in a net subscription of zero for that asset.
- A live ranking leaderboard is available on the activity page and is updated every 24 hours.
- SUI token rewards are scheduled to be airdropped to winners' spot wallets before July 31, 2024, 07:59 (UTC+8).
Maximizing Returns with Fixed Savings Products
Locking assets in fixed-term products can unlock additional benefits beyond the standard APY. For instance, holding BNB in fixed savings can sometimes make users eligible for other platform rewards programs like Launchpool or Megadrop events, effectively allowing them to earn multiple streams of yield simultaneously on the same assets.
A significant advantage is that users often do not need to manually redeem their fixed-term assets to participate in these additional programs; eligibility is usually automatic. 👉 Explore more strategies for maximizing crypto yields
Key Terms and Conditions
Before participating, carefully review the official terms:
- All participants must complete identity verification and officially opt-in to the campaign.
- Product availability is subject to jurisdictional laws and regulations.
- The platform reserves the right to adjust APYs and the final rules of the promotion.
- Sub-account activity is typically merged with the master account for calculation.
- Any participant found engaging in fraudulent behavior will be disqualified.
Frequently Asked Questions
How is the 'net subscription' amount calculated?
Net subscription is your total subscribed amount minus any amount you redeem during the promotional period. If you subscribe for 100 USDC but redeem 20 USDC later, your net subscription is 80 USDC.
Can I participate if I am an existing user?
For Activity 1 (USDC flexible), you must be a new user. For Activity 2 (BNB/SUI fixed), both new and existing users are eligible.
When and how will I receive my rewards?
Rewards for Activity 1 are distributed as vouchers to your rewards center within three weeks post-event. Activity 2 rewards in SUI are airdropped to your spot wallet before the specified date. Always check the official announcement for exact timelines.
What happens if I redeem my fixed-term product early?
Early redemption is usually possible but may result in a deduction of any earned interest. The processed assets are returned to your spot wallet, and the transaction can take 48-72 hours to complete.
Does auto-subscribe affect my eligibility?
Using the auto-subscribe feature for a fixed product does not negatively impact eligibility. The net subscription is calculated based on the actual subscription and redemption actions during the event window.
Where can I check my ranking and rewards?
You can monitor your ranking on the campaign's official leaderboard, which updates periodically. Rewards from Activity 1 can be claimed in the rewards center, while Activity 2 rewards will appear directly in your spot wallet.
Always refer to the official English version of the announcement for the most accurate and up-to-date information, as translated versions may contain discrepancies.