pSTAKE is a multichain liquid staking protocol that lets its users enjoy staking rewards and DeFi yield simultaneously.
After staking a supported PoS token, they’ll receive a 1:1 derivative token that increases in value relative to the staked amount. They can then put the derivative token to work in various DeFi protocols within the pSTAKE ecosystem. PSTAKE is used for governance and incentivisation.
This week in the Crypto.com App, we’re giving away US$5,000 worth of PSTAKE to 1,000 users.
Campaign Period: 11 October 2023, 07:00 UTC – 18 October 2023, 00:00 UTC
Net Buy Challenge (US$5,000 Prize Pool)
1,000 eligible users who perform at least US$10 worth of PSTAKE Net Buys* will be randomly selected to win US$5 of PSTAKE each. Users must hold the Freshman Trader Badge or a higher rank to be eligible to win.
*‘Net Buys’ as stated herein shall mean the total US$ value of purchases and deposits of PSTAKE, which can be expressed as follows: Net Buys (PSTAKE) = Buys (PSTAKE) + Deposits (PSTAKE)
Participation in the campaign is strictly optional.
In addition to the following rules, please refer to the Giveaway Official Rules for further rules regarding eligibility and participation in the campaign.
The PSTAKE App Campaign is offered by Crypto.com to Crypto.com App users who have successfully completed the identification process and all other onboarding procedures specified in the Crypto.com App by the end of the campaign period.
Any trades that are executed through bad trading practices in Crypto.com’s absolute opinion, including but not limited to wash trades, false trading, self-dealing, or trades that display any attributes of market manipulation (‘disqualified trades’), will not be counted towards the participant’s transaction volume.
Crypto.com will disqualify any entry from participants who do not meet the eligibility requirements as solely and absolutely determined by Crypto.com.
The PSTAKE rewards will be credited to the recipients’ Crypto.com App account in PSTAKE tokens within 90 days after the campaign ends.
Recipients will be notified via email 14 days after the reward distribution is completed for confirmation.
The PSTAKE/USD exchange rate used to administer the campaign will be determined around the time of reward distribution at the sole discretion of Crypto.com.
Crypto.com reserves the right to cancel the campaign or amend the campaign mechanics or rules at any time at our sole discretion.
By participating in the PSTAKE App Campaign, participants acknowledge having read the Global Marketing Privacy Notice of Crypto.com, which is published at https://crypto.com/privacy/marketing and understand that we may use their personal information for the purposes of assessing their eligibility to participate in the campaign, identity verification and reward redemption.
In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the campaign.
Nothing contained herein shall be construed to be financial advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy or sell any digital assets. Purchasing cryptocurrencies involves a high degree of risk and there is always the possibility of loss, including the loss of all or a substantial amount of your purchase price. Please seek professional advice before making any financial, investment, or trading decisions
