VALR’s Year of the Snake Crypto Challenge
Celebrate Chinese New Year & Unlock Your Fortune
Complete your KYC
Simply complete your KYC and have a fully-verified account to stand a chance to earn a Mystery Gift from a weekly crypto reward pool worth $888.
Year of the Snake Trading Challenge!
At the close of Chinese New Year, we’re giving away a reward pool of up to $3,308 USDT
Deposit crypto into your account and keep a net deposit value of at least $50 until the end of the promotion period.
Trade at least $100 during the promotion period on any trading pairs across Simple Buy/Sell, Spot and/or Futures.
Rank in the Top 8 Year of the Snake Traders leaderboard by trade volume to share in the reward pool.
HOW IT WORKS
Refer and earn!
Refer a friend and when they trade, you could earn rewards!
Your referred friend must sign up using your unique code during the promotion period, fully-verify their account, and trade at least $50 on any Simple Buy/ Sell and/or Spot pair on VALR for you to qualify for crypto rewards.
Rewards are based on the trading volume of your referred friends during the promotion period.
ELIGIBILITY
If you are among the Top 8 Referrers ranked by your referred friends’ combined trading volume during the promotion period, you will get a share of the $1,764 reward pool.
In addition, the top 8 traders by trading volume who have newly joined VALR using a referral code during this promotion period stand to earn a share of an $888 reward pool.
REWARDS
Join Telegram!
Join Telegram and participate in fun activities to stand a chance to earn lucky red packets. 10 lucky winners will receive red packets worth $8.80 in crypto every week.
Year of the Snake Trading Challenge Top 8
| Rank | Alias | Volume | Expected Prize |
|---|---|---|---|
| 1 | TBD | $- | 668 USDT |
| 2 | TBD | $- | 548 USDT |
| 3 | TBD | $- | 468 USDT |
| 4 | TBD | $- | 428 USDT |
| 5 | TBD | $- | 368 USDT |
| 6 | TBD | $- | 328 USDT |
| 7 | TBD | $- | 268 USDT |
| 8 | TBD | $- | 232 USDT |
Top 8 Referrers
| Referrers Ranked | Alias | Successful Referrals | Combined Trading Volume of Referred Friends |
|---|---|---|---|
| 1 | TBD | - | $- |
| 2 | TBD | - | $- |
| 3 | TBD | - | $- |
| 4 | TBD | - | $- |
| 5 | TBD | - | $- |
| 6 | TBD | - | $- |
| 7 | TBD | - | $- |
| 8 | TBD | - | $- |
Top 8 Newly Referred Traders
| Newly Joined Friends Ranked | Alias | Trade Volume |
|---|---|---|
| 1 | TBD | $ - |
| 2 | TBD | $ - |
| 3 | TBD | $ - |
| 4 | TBD | $ - |
| 5 | TBD | $ - |
| 6 | TBD | $ - |
| 7 | TBD | $ - |
| 8 | TBD | $ - |
Terms & Conditions
Promotion Ts & Cs (“Rules”)
- This promotion ("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 Competition.
- The Promotional period ("Promotional Period") begins at 00:00 am UTC, January 27th 2025 and ends at 23:59 pm UTC, February 14th 2025 ("closing date").
- This Promotion is available to both VALR's existing customers and any qualifying new customers on VALR.
- Registration for this Promotion is not necessary and this Promotion is available to all qualifying Participants, save for those excluded from participating in this Promotion in accordance with these terms.
- Rewards for weekly promotional activities (Telegram Activities & KYC Activity) will be distributed within 7 South African business days of the respective weekly promotional activities.
- The final rewards based on the overall ranking of Participants in the Year of the Snake Trading Challenge and Referral Activities will be distributed within 7 South African business days after the relevant Promotional Activity closing date.
- Winners of weekly activities, as well as winners of the final rewards will have their respective rewards automatically credited into their VALR account within the specified timeframes. Reward winners may also be highlighted in VALR marketing emails such as newsletters and on VALR’s social media pages.
- Winners will be notified via push notification through the VALR app upon receiving a reward, provided notifications have not been disabled.
- Any decisions regarding trading volumes, ranking and prize payouts will be made by VALR in its sole and absolute discretion and the Participant agrees to accept any decisions made by VALR in terms of the Promotion as final and binding.
- Rewards are not guaranteed, may differ per Participant and promotional activity, could amount to zero and are distributed on both a qualifying and/or first-come, first-served basis.
- Weekly activities start and end dates:
- 0:00 am UTC January 27th, 2025 until 23:59 am, January 31st, 2025
- 0:00 am UTC February 1st, 2025 until 23:59 am, February 7th, 2025
- 0:00 am UTC February 8th, 2025 until 23:59 am February 14th, 2025
Eligibility and Rewards
Telegram Activities
- During the Promotional Period, 10 eligible Participants stand to receive $8.80 airdrops weekly by taking part in certain activities which may include quizzes, social media posting and other activities as published by VALR.
- In order to stand a chance to receive the $8.80 airdrops, Participants must, during the Promotional Period:
- Achieve fully-verified (KYC) status on VALR;
- Join the official VALR Telegram community;
- Send their Telegram alias to the admin of the official VALR Telegram group via Direct Message (DM); and
- Take part in the activities posted by VALR every week during the Promotional Period.
- Activities may be posted by VALR via VALR's official Telegram community
- Rewards will be distributed randomly. Further, rewards will be distributed either in full or in part to reward winners. VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion
- A total reward pool of $88 will be available each week during the Promotional Period for 10 qualifying Participants, with each Participant receiving $8.80 worth of crypto. Over the course of the Promotional Period, the total reward pool will amount to $264 worth of crypto.
KYC Activity
- In order to be considered for a Mystery Gift reward, Participants must both:
- Create a VALR account; AND
- and Complete KYC (fully-verified status) on VALR.
- The rewards inside the mystery gifts are random values of cryptocurrency.
- Rewards are not guaranteed, may differ per Participant, and could amount to zero.
- VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
- A weekly reward pool of $888 in various crypto currencies will be available to qualifying Participants, with a total reward pool of $2,664 worth of crypto over the Promotional Period.
- Rewards ranging from $2 to $8 in cryptocurrency will be allocated within 6-hour blocks on a first-come, first-served basis and will be paid out weekly.
Year Of The Snake Trading Challenge
- Participation is open to all new and existing VALR account holders that have completed KYC 2 and have a Fully-verified status on VALR before or during the Promotional Period and who Deposit and Trade the minimum amounts during the Promotional Period as set out below:
- Deposit crypto into your account and keep a net deposit value (against withdrawal value) of at least $50 until the end of the Promotion Period.
- Trade at least $100 during the Promotion Period on any trading pairs across Simple Buy/Sell, Spot and/or Futures.
- A reward pool of $3,308 USDT will be distributed among the Top 8 qualifying Participants. Rewards will be allocated based on each Participant’s net deposit value (against withdrawal value) relative to other eligible deposits at the end of the Promotion and by trade volume during the Promotion Period.
Refer & Earn Activity
- Each Participant may share their unique VALR referral code with anyone, including their friends and family during the Promotional Period.
- In order for a Participant to stand a chance to earn a referral reward (“Referral Reward”), the referred users are required to:
- Sign up for a VALR account during the Promotion Period using the Participant referrer’s unique VALR referral code,
- achieve at least a Fully-verified (KYC 2) status on VALR during the Promotional Period; AND
- trade at least $50 on any Spot pair including simple buy/sell and Margin on VALR during the Competition Period.
- The Top 8 Participants with the highest number of qualifying referrals who have achieved a Fully-verified (KYC 2) status on VALR, and also traded at least $50 on any trading pairs across Simple Buy/Sell or Spot during the Promotional Period will share a $1764 USDT prize pool based on the trading volume of their referred Participants.
- The Top 8 newly referred qualifying Participants who meet the eligibility criteria will share a $888 USDT prize pool, distributed based on their trading volume.
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
- 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 key persons resident in VALR's list of prohibited countries.
- Participation by all Participants constitutes acceptance of these Rules, VALR's Terms of Service and 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 is final and binding irrespective, and 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.
- For the purposes of this Competition, each day will be considered to run from 00:00 - 23:59 UTC.
- 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 notice to you, including but not limited to 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.
- VALR reserves the right, in its sole and absolute discretion, to disqualify any Participants from participating in the Competition and/or rewards or disqualifying specific trades:
- Where VALR finds the Participant to be party to any anticipated, suspected or actual:
- 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
- For any other reason as determined by VALR.
- Where VALR finds the Participant to be party to any anticipated, suspected or actual:
- 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.
- 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.
- 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).
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.