The Notcoin "Trade and Earn" promotion offers a fantastic opportunity for traders to earn rewards by engaging with the NOT token on a major exchange. This guide provides a clear overview of the event's structure, eligibility criteria, and the steps required to claim your potential 10,000 NOT token reward.
Promotion Overview and Key Dates
The promotional event commenced on May 16, 2024, at 05:00 (UTC+3) and will conclude on May 31, 2024, at 18:59 (UTC+3). All trading volume and deposit requirements must be completed within this period to qualify for rewards.
It is crucial to note that residents of certain jurisdictions are excluded from participating. This includes mainland China, Hong Kong, Taiwan, and Macao.
Eligibility and Participation Requirements
To be eligible for the rewards, users must meet several specific conditions.
Step 1: Registration and KYC Verification
First, you must officially join the promotion by clicking the "Join" button on the dedicated event page. Secondly, you must complete the platform's Know Your Customer (KYC) verification process. You can check your current KYC status directly on the exchange.
Step 2: Deposit and Hold Requirement
A critical step involves depositing and holding assets. Participants must fulfill one of the following deposit conditions:
- Deposit a minimum of 100 USDT or USDC and use it to purchase NOT tokens worth at least 100 USDT.
- Accumulate a total deposit of at least 100 USDT/USDC and NOT tokens combined during the promotion period.
Eligible deposit methods include:
- Crypto transfers from an external wallet.
- Purchasing crypto via the fiat gateway, credit card, or P2P transaction on the P2P Market or via P2P Express.
Deposits are calculated based on the asset's price at the time of deposit. Importantly, you must maintain a minimum account balance of 100 USDT worth of assets until the end of the promotion. Internal transfers and certain P2P transactions are not counted towards this requirement.
Step 3: Achieve the Trading Volume Target
The final requirement is to achieve a cumulative trading volume greater than 500 USDT in NOT trading pairs. This volume can be generated from both spot and derivatives trading. It's important to understand that this is an independent condition from the buying activity in Step 2.
Remember, participation is only allowed from your main account; sub-accounts are not eligible for this event.
Reward Distribution and Important Notes
Rewards will be distributed among eligible participants within 30 days after the promotion ends on May 31, 2024. The prize pool will be allocated on a first-come, first-served basis.
The exchange meticulously monitors all trading activity for any signs of fraudulent or suspicious behavior. This includes, but is not limited to, multi-accounting, using false information, wash trading, market manipulation, or any activity that violates the promotion's terms. The platform reserves the right to disqualify any user caught engaging in such activities.
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Please be aware that the value of digital assets like NOT can be highly volatile. The market value of the 10,000 NOT reward at the time of distribution or withdrawal may differ significantly from its value at any other point due to market fluctuations.
In certain circumstances, the platform may, at its sole discretion, convert rewards into platform vouchers of equivalent or lesser value in USDT, using the opening price on its exchange.
All recipients are solely responsible for any taxes, fees, or additional costs associated with claiming and using their rewards.
Frequently Asked Questions
What is the minimum trading volume needed to qualify?
You need to accumulate a total trading volume of more than 500 USDT in NOT trading pairs through spot or derivatives trades during the promotion period.
I bought NOT as part of the deposit requirement. Does that count toward the 500 USDT trading volume?
No. The trading volume requirement is independent. The purchase of NOT for the deposit requirement (Step 2) is separate. You must execute additional trades to meet the 500 USDT volume target (Step 3).
When will I receive my 10,000 NOT reward if I qualify?
Rewards will be distributed to eligible users within 30 days after the promotion concludes on May 31, 2024, at 18:59 (UTC+3).
Can I use a sub-account to participate?
No, participation is only permitted from your main exchange account. Any activity from sub-accounts will not be counted towards the promotion's requirements.
What happens if the value of NOT changes?
The value of digital assets is volatile. The fiat value of your 10,000 NOT reward will fluctuate with the market price from the time you qualify to the time you receive it and decide to sell or hold it.
Are there any restricted regions for this promotion?
Yes, residents of mainland China, Hong Kong, Taiwan, and Macao are not eligible to participate in this event.
Key Disclaimer
This promotion should not be considered financial advice or a recommendation to buy or sell any digital asset. Digital assets are inherently risky and susceptible to market fraud; their value can increase or decrease rapidly and may even become worthless. Using leverage can magnify losses beyond your initial deposit. It is essential to assess your personal risk tolerance and financial situation before engaging in any trading activity. Past performance is not indicative of future results, and you are responsible for understanding your local tax obligations regarding digital asset transactions.
The exchange reserves the right to interpret, amend, or cancel the promotion and its terms at any time without prior notice. For full details, always refer to the platform's official Terms of Service.