Earn Higher Yields on AVAX Staking – Limited-Time Offer on VALR
Quick Summary:
Stake AVAX on VALR and enjoy a boosted yield of 15% p.a. for a limited time.
Stand to share in a total reward pool of 500 AVAX.
This promotion runs throughout the month of October 2024 or until the reward pool is fully distributed.
We’re excited to introduce a special promotion for AVAX staking on VALR! For a limited time in October, you can earn an enhanced yield of 15% p.a. (up from the usual 5.79%) on your AVAX staking.
To ensure fair distribution, there will be a maximum benefit of 30 AVAX per qualifying promotion participant (“Participant”), and the total reward pool for this promotion (“Promotion”) is capped at 500 AVAX. Don’t miss your chance to stake AVAX and boost your rewards!
Promotion Details:
When: October 1, 2024, 12:00 UTC – October 31, 2024, 12:00 UTC, or until the 500 AVAX reward pool is fully distributed (“Promotion Period”), whichever occurs first (the first occurring being the “Promotion End Date”).
Yield: 15% p.a. on AVAX staking (vs. the current 5.79%) during the Promotion Period.
Maximum benefit per qualifying Participant: Up to 30 AVAX each in additional rewards.
Total reward pool: 500 AVAX.
How to Participate:
To take part in this exclusive Promotion, simply stake your AVAX on the VALR platform during the Promotion Period, or continue to stake if you’re already staking AVAX on VALR.
In order to participate, Participants must have fully verified their VALR accounts. If you’re new to VALR, go to https://www.valr.com/signup to create an account, make sure your account is fully verified and start staking.
Once the Promotion End Date has occurred, the 15% p.a. Promotion yield will revert to the regular rate as published on VALR’s website.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Please refer to VALR’s full set of risk disclosures found here.
Ts & Cs apply - please see VALR’s applicable Promotion Ts & Cs
Ts & Cs
VALR’s AVAX Yield Staking Promotion
Promotion Terms and Conditions (“Rules”):
Promotion:
This Promotion is run by VALR Pty Ltd (“VALR”).
This offer may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition or promotion prohibits or excludes winning in this current Promotion.
The Promotion begins at 12:00 UTC, October 1, 2024, and ends at the Promotion End Date.
Only fully verified VALR customers that stake AVAX on the VALR platform during the Promotion Period are eligible to participate in this Promotion and qualify for rewards..
The promotional yield solely during the Promotion Period is set at 15% p.a. for AVAX staking, up from the regular rate of 5.79% p.a.
Rewards:
The total reward pool for this Promotion is capped at 500 AVAX. Once the 500 AVAX pool is depleted, or after the Promotion End Date (whichever comes first) the promotional yield will revert to the standard rate as published on VALR’s website.
The maximum reward each eligible Participant can receive under the Promotion is capped at 30 AVAX each. VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion,and may manually adjust or intervene if any Participant exceeds this cap.
Staking rewards are paid out on an hourly basis in line with VALR’s Terms of Service for the applicable terms and conditions for Staking on VALR.
How to Enter:
The Promotion is only available to existing VALR customers, as well as new VALR customers who sign up for a VALR account, that have completed their KYC 2 (Fully-verified status) on VALR.
To enter, simply complete your Fully-verified status on VALR and stake AVAX on the VALR platform during the Promotion Period.
VALR reserves the right to modify or cancel the Promotion at any time in its sole and absolute discretion.
Personal information:
Any personal information provided to VALR by a Participant for purposes of this Promotion will be treated in accordance with VALR’s Privacy Policy.
The nitty gritty:
1. This limited-time Promotion is open to all VALR customers, except persons resident in VALR’s list of prohibited countries.
2. Participation by all Participants constitutes acceptance of these Rules, VALR’s Terms of Service and Risk Disclosures. By participating in this limited-time Promotion, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Promotion in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Promotion as final and binding including but not limited to any decisions regarding prizes, the reward pool and reward payouts. Any Participants found violating this clause will be removed from the Promotion and VALR may freeze or block such Participant's VALR account.
3. VALR reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary the Rules and the Promotion without prior notice, including but not limited to canceling, extending, terminating or suspending the Promotion, the Rules, the rewards, the reward parameters, the reward pool, the eligibility terms and criteria, the selection and/or number of rewards or winners.
4. VALR reserves the right, in its sole and absolute discretion, to disqualify any Participants from participating in the Promotion and claiming rewards or disqualifying specific trades:
4.1. Where VALR finds the Participant to be party to any anticipated, suspected or actual:
Fraud;
Inappropriate, dishonest or abusive activities;
Use of fake or fraudulent accounts;
Manipulation or violation of these Rules, or
Market manipulation, self-dealing, wash trading or illegally bulk registered accounts; or
4.2. For any other reason as determined by VALR.
5. If you are selected as a reward winner, you agree and consent to VALR publishing your name, your VALR reference number / tag and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any reward winner(s), provided that any reward winner(s) may expressly elect to decline this.
6. VALR will announce on its social media pages when the Promotion has ended. No further rewards will be awarded once VALR has made such an announcement. The Participant should visit VALR’s social media pages regularly for updates.
7. These Rules will be governed and interpreted in accordance with South African law and any disputes arising from the Promotion will be subject to the exclusive jurisdiction of the courts of South Africa.
Notice:
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate. VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Disclosure:
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Please refer to VALR’s full set of risk disclosures found here.
Waiver
The Participant hereby releases, waives and discharges VALR and its affiliates from any and all liability, costs or expenses, claims, demands, actions and causes of action whatsoever for any loss or damages, that may be sustained by the Participant arising out of or relating to the Participant’s participation in the Promotion, or while in any way engaged with activities related to the Promotion, wherever, whenever, or however the same may occur, regardless of who is at fault and including as a result of the negligence or fault of VALR or its affiliates.
Disclaimer
The Promotion and its content should not be construed as investment advice or an offer or an invitation to make an offer, to buy or sell crypto assets, or an inducement to enter into any agreement or commitment with VALR or any of its affiliates in respect to any products or services for any persons, including those who are prohibited from receiving such content under the laws applicable to their place of citizenship, domicile, or residence.
VALR and its affiliates give no warranty, express or implied, including with respect to the fitness for a particular purpose of any information provided, or assume any legal liability or responsibility for the accuracy, completeness or usefulness of any information, product, practice, service or process presented, or represent that its use would not infringe any rights. VALR accepts no responsibility for, and shall have no liability in respect of, any loss or damage, whether direct, indirect or consequential, which may arise from reliance on or in connection with, the information presented herein.
The Promotion content contained herein does not constitute investment or financial advice (or any advice whatsoever), should not be used as the basis for any investment or financial decisions, and does not purport to provide any legal, tax, or accounting advice.
All VALR's rights are expressly reserved.
