Tether Gold (XAUt) Deposit & Trade Campaign
Note: This campaign has officially ended, and all rewards have been distributed to eligible participants.
Visit our Competitions & Promotions page to stay updated on all ongoing and upcoming competitions at VALR.
Quick Summary:
Celebrate the launch of XAUt/ZAR on VALR by earning rewards in Tether Gold (XAUt)!
Tether Gold (XAUt) is a digital token backed by physical gold stored securely in Swiss vaults.
A total reward pool of R100,000 (~$5,700) in XAUt is available to new and existing users.
How to Participate?
Level 1 Entries
Eligibility:
Level 1 Entries are available to new VALR account holders that sign up (from South Africa only) between 00:00 am UTC, 23 October 2024 and 23:59 pm UTC, 31 October 2024 (“Competition Period”).
How to enter:
Click here to create a VALR account during the Competition Period.
Make your first fiat deposit (ZAR) or first crypto asset deposit on VALR, to the value of at least R1000 (~$57) during the Competition Period.
Buy XAUt via Simple/Buy Sell or at Spot on VALR during the Competition Period and hold on to the purchased XAUt until the Competition closing date.
Rewards:
At the end of the Competition Period you stand to become eligible to receive a reward of 20% off of your first net purchase amount of XAUt during the Competition Period, with rewards in XAUt capped at a maximum of R350 (~$20) per eligible Competition participant (“Participant”).
First come, first served – a share of R50 000 (~$2,800) worth of XAUt can be earned in the reward pool.
Level 2 Entries
Eligibility:
Level 2 Entries are available to all new and existing global VALR account holders that have achieved fully-verified (KYC2) status on VALR during the Competition Period and who trade the minimum amounts of XAUt/ZAR as set out below.
How to enter:
Trade a minimum of R1,750 (~$100) worth of XAUt/ZAR during the Competition Period to stand a chance to share in a reward pool of R17,500 ($1,000).
Trade a minimum of R17,500 (~$1,000) of XAUt/ZAR during the Competition Period to stand a chance to share in a reward pool of R32,500 ($1,800).
Rewards:
If you trade a minimum of R1,750 (~$100) worth of XAUt/ZAR during the Competition Period, you stand to share in a reward pool of R17,500 ($1,000), relative to your XAUt trading volume during the Competition Period - up to a maximum reward of R1,750 (~$100) per eligible Participant.
If you trade a minimum of R17,500 (~$1,000) of XAUt/ZAR during the Competition Period you stand to share in a reward pool of R32,500 (~$1,800), relative to your XAUt trading volume during the Competition Period - up to a maximum reward of R10,000 (~$550) per eligible Participant.
Rewards Specifics:
Rewards will be distributed within 8 (South African) business days after the Competition closing date.
Rewards are not guaranteed, may differ per eligible Participant, may be based on trading volume, and could amount to zero.
Rewards will be distributed in ZAR only and will be distributed either in full or in part to reward winners on a first-come first-served basis. VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
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 Competition Ts & Cs
Terms and Conditions: XAUt/ZAR Campaign
Competition Ts & Cs (“Rules”):
1. This promotional competition (“Competition”) is run by VALR Pty Ltd (“VALR”).
2. This offer may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition prohibits or excludes winning in this current Competition.
3. The Competition begins at 00.00 am UTC, 23 October 2024 and ends at 23:59 pm UTC, 31 October 2024 (“closing date”).
4. Winners will be announced within 7 (South African) business days after the closing date.
5. Rewards will be distributed within 8 (South African) business days after the closing date.
6. This Competition is available to both VALR’s existing customers and any qualifying new customers on VALR.
7. Any and all trading volumes and rewards are calculated and denominated in ZAR as the prevailing currency for this Competition.
Personal information:
Any personal information provided to VALR by a Participant for purposes of this Competition will be treated in accordance with VALR’s Privacy Policy.
The nitty gritty:
1. The Competition is open to all VALR customers, except VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers as well as any 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 the Risk Disclosures. By entering the Competition, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Competition in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Competition as final and binding including but not limited to any decisions regarding rewards, the reward pool and reward payouts. Any Participants found violating this clause will be removed from the Competition 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 Competition without prior notice, including but not limited to cancelling, extending, terminating or suspending the Competition, 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 Competition 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 Competition 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 Competition will be subject to the exclusive jurisdiction of the courts of South Africa.
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).
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 Competition, or while in any way engaged with activities related to the Competition, 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 Competition 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 Competition 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.
