VALR’s API Trading Competition
NB: This competition has officially ended.
Visit our Competitions & Promotions page to stay updated on all ongoing and upcoming competitions at VALR.
Speed up your wins with automated trading! Integrate with VALR’s API and stand a chance to win your share of a dynamic prize pool of up to $50,000 USDT.
Competition period:
3rd April, 2024 at 09:00 am (UTC) - 17th April, 2024 at 20:59 pm (UTC)
How to Participate?
Create your VALR account and verify your ID.
Complete the Competition registration form below.
Integrate with VALR’s API.
Start trading on any of VALR’s Spot and Futures markets.
Please note: to trade Futures on VALR, you will need to enable Futures trading on one or more of your subaccounts.
Key Details:
Relevant Markets: All trading pairs on VALR (Spot and Futures). Trade Volume on any non-USDT quote pair will be converted to USDT equivalent for the purposes of rank calculation.
Trading fees: Per exchange standard fees, which can be found here.
Rewards: Dynamic prize pool - up to $50,000 USDT (based on participation).
Prize Distribution based on Trade Volume (max $50,000 USDT):
| Participants | Prize pool (USDT) | 1st rank (40%) | 2nd rank (25%) | 3rd rank (20%) | 4th rank (10%) | 5th rank (5%) |
|---|---|---|---|---|---|---|
| <99 | $10,000 | $4,000 | $2,500 | $2,000 | $1,000 | $500 |
| 100-299 | $20,000 | $8,000 | $5,000 | $4,000 | $2,000 | $1,000 |
| 300-999 | $30,000 | $12,000 | $7,500 | $6,000 | $3,000 | $1,500 |
| 1000-1999 | $40,000 | $16,000 | $10,000 | $8,000 | $4,000 | $2,000 |
| 2000< | $50,000 | $20,000 | $12,500 | $10,000 | $5,000 | $2,500 |
*Rank is based on total Trade Volume during the Competition period.
Follow VALR on X (@VALRdotcom) to stay updated with the Competition and see where you stand on the leaderboard.
Ts & Cs
API Trading Competition Ts & Cs (“Rules”)
Competition:
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 or promotion prohibits or excludes winning in this current Competition.
3. The competition begins at 3rd April, 2024 at 09:00 am (UTC) and ends at 17th April, 2024 at 20:59 pm (UTC) (“closing date”).
4. Winners will be announced within 3 South African business days after the closing date.
5. Rewards will be distributed within 7 South African business days after the closing date.
6. The Competition is only available to participants (“Participants”) who have completed their KYC verification on VALR and have integrated with VALR’s API.
7. Only trading volume executed through VALR’s API interface counts towards the Participants’ trading volume in this Competition.
How to Enter:
Participants must complete the Competition registration form to officially join the Competition. (Fill in form here)
Integrate with VALR’s API.
Engage in trading on any Futures or Spot trading pairs available on VALR during the Competition period.
The Prize:
Participants with the top 5 trading volumes on Futures, Spot or both, over the Competition period, will share a reward pool of up to $50,000 USDT, depending on the number of Participants.
Any decisions regarding trade volumes, ranking and prize payouts will be made by VALR in its sole discretion and the participant agrees to accept any decision made by VALR in terms of the Competition as final and binding.
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, 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 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 ranking, the prize pool and prize 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 prizes, the prize parameters, the prize pool, the eligibility terms and criteria, the selection and/or number of prizes 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 prize 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 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 prizes 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.
Notice:
Futures trading is provided by VALR DAM Pty Ltd as a Juristic Representative of CAEP 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.
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.
