Regularly ranked among the top ten cryptocurrencies by market capitalisation, Ripple (XRP) is an open-source protocol that provides a suite of payment settlement and currency exchange solutions.
The platform facilitates fast and cost-efficient cross-border transactions for institutions, presenting itself as a disruptive alternative to SWIFT since its founding in 2012. XRP powers the XRP Ledger blockchain, enabling transactions on the network.
Ripple Labs is now making headlines for its victory over the Securities and Exchange Commission (SEC) in a years-long legal battle, causing XRP’s price to skyrocket.
Between now and 28 July, Crypto.com App users have the chance to win a share of US$20,000 in XRP simply by trading the token.
Campaign Period: 14 July 2023, 04:00 UTC – 28 July 2023, 00:00 UTC
Net Buy Challenge (US$10,000 Prize Pool)
2,000 users who perform at least US$5 worth of XRP Net Buys* will be randomly selected to win US$5 of XRP each.
How to participate?
- Sign up or sign in to the Crypto.com App (Guide)
- Perform at least US$5 worth of XRP Net Buys* during the Campaign Period (Guide)
*‘Net Buys’ as stated herein shall mean the total US$ value of purchases, sales, and deposits minus the total US$ value of a user’s withdrawals of the token, which may be expressed as follows:
Net Buys (XRP) = Deposits (XRP) + Buy/Sell (XRP) – Withdrawals (XRP)
Trading Competition (USD$10,000 Prize Pool)
The top 500 users ranked by XRP Trading Volume** can win up to US$1,000 of XRP based on the Rewards Table below.
How to participate?
- Sign up or sign in to the Crypto.com App (Guide)
- Trade (Buy/Sell) at least US$5 worth of XRP during the Campaign Period (Guide)
**‘XRP Trading Volume’ means the total USD value of a user’s purchases and sales of the token during the Campaign Period, with a minimum threshold of US$5 per transaction.
Rewards Table
| XRP Trading Volume Rank | Prizes (USD equivalent) |
|---|---|
| 1 | $1,000.00 |
| 2 | $750.00 |
| 3 | $500.00 |
| 4 | $300.00 |
| 5 | $250.00 |
| 6 | $200.00 |
| 7 | $150.00 |
| 8 | $125.00 |
| 9 | $75.00 |
| 10 | $50.00 |
| 11-20 | $25.00 |
| 21-100 | $20.00 |
| 101-250 | $15.00 |
| 251-500 | $10.00 |
| XRP Trading Volume Rank | 1 |
|---|---|
| Prizes (USD equivalent) | $1,000.00 |
| XRP Trading Volume Rank | 2 |
| Prizes (USD equivalent) | $750.00 |
| XRP Trading Volume Rank | 3 |
| Prizes (USD equivalent) | $500.00 |
| XRP Trading Volume Rank | 4 |
| Prizes (USD equivalent) | $300.00 |
| XRP Trading Volume Rank | 5 |
| Prizes (USD equivalent) | $250.00 |
| XRP Trading Volume Rank | 6 |
| Prizes (USD equivalent) | $200.00 |
| XRP Trading Volume Rank | 7 |
| Prizes (USD equivalent) | $150.00 |
| XRP Trading Volume Rank | 8 |
| Prizes (USD equivalent) | $125.00 |
| XRP Trading Volume Rank | 9 |
| Prizes (USD equivalent) | $75.00 |
| XRP Trading Volume Rank | 10 |
| Prizes (USD equivalent) | $50.00 |
| XRP Trading Volume Rank | 11-20 |
| Prizes (USD equivalent) | $25.00 |
| XRP Trading Volume Rank | 21-100 |
| Prizes (USD equivalent) | $20.00 |
| XRP Trading Volume Rank | 101-250 |
| Prizes (USD equivalent) | $15.00 |
| XRP Trading Volume Rank | 251-500 |
| Prizes (USD equivalent) | $10.00 |
Useful Links:
- Join us on Telegram to discuss with the Crypto.com Community
- Guide to completing account verification
- Guide to purchasing crypto in the Crypto.com App
Notes:
- Participation in the campaign is strictly optional.
- In addition to the following rules, please refer to the Official Rules For Net Buy Challenge and the Official Rules For Limited Offer, for further rules regarding eligibility.
- The XRP 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 XRP rewards will be credited to the recipients’ Crypto.com App account in XRP tokens within 30 days after the campaign ends.
- Recipients will be notified via email 14 days after the reward distribution is completed for confirmation.
- The XRP/USD exchange rate used to administer the campaign will be determined around the time of prize 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 XRP 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 prize 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
