Calling all AKT token holders to join the AKT Flash Rewards campaign, where each user can allocate up to 3,500 AKT! Get an attractive reward of 20% p.a. on USDC for a 14-day allocation. The promotion ends on 8 August 2024, or when the aggregate campaign cap of 281,700 AKT is met — so don’t miss out!
What is Flash Rewards?
Flash Rewards is a feature within Crypto Earn that allows users to get a promotional reward on a specified token. The Flash Rewards amount for that token will only be available for a limited time, and users only have to lock up their allocations for specified term lengths (e.g., seven-day or 14-day terms).
USDC Flash Rewards Campaign
The campaign is only available for Crypto.com App users in select jurisdictions*. More details below:
- Campaign Coin: AKT
- Campaign Period: 25 July 2024, 10:00 UTC – 8 August 2024, 10:00 UTC
- Lockup Term Length: 14 days
- Rewards Rate: 20% p.a.
- Max. Allocation Per User: 3,500 AKT
- Min. Allocation Per User: 21 AKT
- Aggregate Campaign Cap: 281,700 AKT
- Campaign Eligibility:
- Flash Rewards allocations will not count towards the tiered rewards quota; users who have reached their Tier 1 quota, but have not surpassed the Earn allocation maximum, are eligible for the Flash Rewards promotional rate.
- However, users who have reached the Earn allocation maximum will not be eligible to participate.
- Users are allowed one active Flash Rewards program at a time.
*The AKT Flash Rewards campaign is not available for residents of the United States, Canada, United Kingdom, Australia, Korea, Japan, France, Netherlands, Germany or Belgium, and is not available for residents of countries in which Earn is not available. (See here for more information.)
To find out more about the campaign, visit our Help Centre.
About AKT
Akash Network is a decentralized open source cloud computer. Unlike the big cloud providers, such as Amazon, Google, and Microsoft, Akash Network provides a marketplace that comprises various providers, giving users complete control over the price they pay and the attributes they receive. AKT is the utility native token powering the Akash Network. It serves as the network’s primary means of governing, securing, incentivizing, and providing a default method of storing and exchanging value. The core utility of AKT is that it acts as a staking mechanism to secure the network and acts as a reserve currency in Cosmos’ multi-currency and multi-chain ecosystem..
Tap the ‘Flash Rewards’ banner on your App’s home screen and start earning now!
Notes:
- The AKT Flash Rewards Campaign is offered by Crypto.com to Crypto.com App users only.
- The AKT Flash Rewards Campaign is not available for residents of the United States, Canada, United Kingdom, Australia, South Korea, Japan, France, Netherlands, Germany or Belgium or countries in which Crypto Earn is not available. (See here for more information.)
- The Campaign commences on 25 July 2024, 10:00 UTC and ends on 8 August 2024, 10:00 UTC, or when the aggregate Campaign cap of 281,700 AKT has been reached, whichever occurs earlier.
- Users must have successfully completed KYC verification and all other onboarding procedures specified in the Crypto.com App to be eligible.
- Users who have already reached or exceeded their Earn allocation limits are ineligible.
- The principal and reward amounts will be automatically credited to the user’s Crypto.com App USDC Wallet upon maturity.
- The links provided above to helpful information are for reference only.
- Crypto.com reserves the right to cancel the Campaign or amend the Campaign mechanics or rules at any time at our sole discretion without prior notice to you.
- By accepting the rewards, winners agree to the Privacy Notice of Crypto.com, which is published at https://crypto.com/en/privacy/global.html.
- In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the Campaign.
- For Canadian Customers: Please note that Foris DAX, Inc. has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Foris DAX, Inc. obtains registration, Foris DAX, Inc. has agreed to abide by the terms of an undertaking available at the following link: here. Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
