VALR End-Of-Year Trading Competition
NB: This competition has officially ended.
To celebrate the launch of perpetual futures trading on VALR, we're giving away up to $10,000 USDC in rewards, and lucky participants will also receive Bitcoin airdrops.
To stand a chance to win, all you have to do is trade any perpetual futures pair on VALR within the competition period!
Key Details
Trading Competition Period:
18th December 2023 at 9 am (UTC) - 7th January 2024 at 9 pm (UTC)
Rewards:
Dynamic prize pool: $10,000 USDC (based on participation)
Bitcoin airdrops: In addition to the prize pool, lucky participants who did not make it into the top 10 ranking are eligible for Bitcoin airdrops.
Relevant markets:
Prize distribution based on participation (up to $10,000 USDC)
| Participants | Prize pool (USDC) | 1st rank (30%) | 2nd rank (25%) | 3rd rank (15%) | 4th rank (12.5%) | 5th rank (7.5%) | 6-10th rank (10%) |
|---|---|---|---|---|---|---|---|
| <24 | 500 | 150 | 125 | 75 | 62.5 | 37.5 | The next five participants ranked 6-10 each receive 2% of the prize pool |
| 25-49 | 1,000 | 300 | 250 | 150 | 125 | 75 | |
| 50-74 | 2,000 | 600 | 500 | 300 | 250 | 150 | |
| 75-99 | 3,000 | 900 | 750 | 450 | 375 | 225 | |
| 100-199 | 4,000 | 1,200 | 1,000 | 600 | 500 | 300 | |
| 200-499 | 5,000 | 1,500 | 1,250 | 750 | 625 | 375 | |
| >500 | 10,000 | 3,000 | 2,500 | 1,500 | 1,250 | 750 |
How to Participate?
Complete the campaign registration form to officially join the competition. (Fill in form here)
Ensure you have a verified VALR account. If you don’t have one, sign up here to complete your KYC.
Enable futures trading on one or more of your subaccounts by following these steps here.
Engage in trading any of the perpetual pairs available on VALR: BTC/USDT-PERP, BTC/ZAR-PERP, or USDT/ZAR-PERP. Remember, the higher your trade volume, the greater your chances of winning!
Follow VALR on X (@VALRdotcom) to stay updated with the campaign and see where you stand on the leaderboard.
Ts & Cs
Futures Trading Competition Ts & Cs (“Rules”)
Competition:
1. This promotional competition (“Competition”) is run by VALR Pty Ltd (“VALR”).
2. This offer may not be used in conjunction with any other competition or promotion run by VALR.
3. The competition begins at 9 am UTC, December 18th 2023 and ends at 20:59 pm UTC, January 7 2024 (“closing date”).
4. Winners will be announced within 3 (South African) business days after the closing date.
5. Rewards will be distributed within 5 (South African) business days after the closing date.
6. The competition is only available to Entrants who have completed their KYC verification on VALR and have enabled futures trading on one or more of their subaccounts.
How to enter:
1. To enter, Entrants need to fill in the campaign registration form.
2. To qualify for the trade volume dynamic prize pool and Bitcoin airdrops, Entrants must have executed at least one trade of any transaction size on the following perpetual futures markets on VALR: BTC/USDT-PERP, BTC/ZAR-PERP, or USDT/ZAR-PERP.
3. Volume calculations are based on overall participation on each VALR futures market.
The prize:
1. Entrants with the top 10 trading volumes over the Competition period will share a reward pool of up to $10,000 USDC, depending on the number of Entrants.
2. Randomly selected Entrants will receive a discretional Bitcoin airdrop. Entrants who rank in the top 10 for trade volume are not eligible for the Bitcoin airdrop.
Personal information:
Any personal information provided to VALR by an Entrant 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 as well as any designated market makers.
2. Participation by all Entrants constitutes acceptance of these Rules, VALR’s Terms of Service, VALR’s Futures 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 any decision made by VALR in terms of these Rules as final and binding. 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 without prior notice, including but not limited to cancelling, extending, terminating or suspending the Competition, the eligibility terms and criteria, the selection and/or number of winners.
4. VALR reserves the right, in its sole and absolute discretion, to disqualify any Entrants from participating in the Competition and claiming rewards or disqualifying specific trades:
4.1. Where VALR finds the Entrant 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
4.2. For any other reason as determined by VALR.
5. If you are selected as a prize winner, you agree and consent to VALR publishing your name and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any prize winner(s), provided that any prize 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 announcement. The Entrant 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.
Notice
Futures trading is provided by VALR DAM Pty Ltd as a Juristic Representative of Prime Asset Managers Pty Ltd (FSP number: 33933) an authorised financial services provider.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
Futures trading on VALR is high risk. Depending on market movements, your position may be liquidated and you may sustain a total loss of your Cryptocurrencies or Fiat that you have supplied as Collateral.
Please refer to VALR’s full set of risk disclosures found here.
