VALR Futures and Spot Trading Competition
NB: This competition has officially ended. The winners have been announced here.
Join VALR’s Futures and Spot Trading Competition this February for a chance to win your share of $25,000 USDC!
Trade your favourite Futures or Spot trading pairs on VALR and compete with fellow traders to make it into the top 10. Remember, the higher your trade volume, the greater your chances of winning.
Key Details
Trading Competition Period:
8 February 2024, 09:00 UTC - 29 February 2024, 20:59 UTC
How to Enter?
Complete the registration form to join the competition.
Ensure you have a verified VALR account and, if trading Futures, have Futures enabled on a subaccount.
Make at least one trade of any size on any Futures or Spot trading pairs available on VALR.
Relevant Markets:
Futures: BTC/ZAR-PERP, USDT/ZAR-PERP, and BTC/USDT-PERP
Spot: All ZAR, USDC, USDT, and BTC quote trading pairs
Futures Volume Multiplier:
Participants trading Futures will receive a 5x multiplier on their Futures volume.
Dynamic Prize Pool Distribution:
The prize pool dynamically adjusts based on the number of participants who register, and execute at least one trade on either Futures or Spot during the Competition period.
Make sure to follow VALR on X (@VALRdotcom) to stay updated with the campaign and see where you stand on the leaderboard.
NB: The more participants who register and trade, the larger the prize pool grows!
Prize distribution based on participation (up to $25,000 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%) (BTC) |
|---|---|---|---|---|---|---|---|
| 1-74 | 500 | 150 | 125 | 75 | 62.5 | 37.5 | The next five participants ranked 6-10 each receive 2% of the prize pool |
| 75-99 | 1,000 | 300 | 250 | 150 | 125 | 75 | |
| 100-199 | 2,000 | 600 | 500 | 300 | 250 | 150 | |
| 200-499 | 3,000 | 900 | 750 | 450 | 375 | 225 | |
| 500-999 | 4,000 | 1,200 | 1,000 | 600 | 500 | 300 | |
| 1000-1999 | 5,000 | 1,500 | 1,250 | 750 | 625 | 375 | |
| 2000-2999 | 10,000 | 3,000 | 2,500 | 1,500 | 1,250 | 750 | |
| 3000-3999 | 15,000 | 4,500 | 3,750 | 2,250 | 1,875 | 1,125 | |
| 4000-4999 | 20,000 | 6,000 | 5,000 | 3,000 | 2,500 | 1,500 | |
| >5000 | 25,000 | 7,500 | 6,250 | 3,750 | 3,125 | 1,875 |
Final Rank & Trading Volume Calculation:
The top 10 final ranks are determined by participants with the highest trade volume of Futures, Spot, or both during the Competition period.
Futures and Spot trading volume will both be counted and combined during the Competition period. Participants trading Futures will receive a 5x multiplier on their Futures volume.
Final trading volume = Spot trading volume + (Futures trading volume)x5
Example:
If participant A traded BNB/ZAR for $500 and ETH/BTC for $1,500 on Spot, and additionally traded BTC/USDT-PERP for $300, and BTC/ZAR-PERP for $1,000.
The final trading volume for participant A will be: $500+$1,500+($300+$1,000)x5= $8,500
Support Guides
Ts & Cs
Futures Trading Competition Ts & Cs (“Rules”)
Competition:
This promotional competition (“Competition”) is organised by VALR Pty Ltd (“VALR”).
Participation in this Competition cannot be combined with any other competition or promotion offered by VALR.
The Competition begins at 09:00 UTC on February 8th, 2024, and ends at 20:59 UTC on February 29th, 2024 (“closing date”).
Winners will be publicly announced within 7 South African business days after the closing date.
Rewards will be distributed within 10 South African business days after the closing date.
The Competition is open to Entrants who have completed the registration form, completed their KYC verification on VALR and have Futures enabled on a subaccount if trading Futures.
How to Enter:
To participate, Entrants must complete the campaign registration form here.
Entrants must execute at least one trade of any transaction size on any Futures or Spot trading pairs available on VALR during the Competition period.
Volume calculations are based on overall participation on each VALR Futures or spot market.
The Prize:
Entrants with the top 10 trading volumes on Futures, Spot or both, over the Competition period, will share a reward pool of up to $25,000 USDC, depending on the number of Entrants.
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; or
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 an 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.
