Stake SUI to enjoy airdrop rewards from a 10,000 SUI prize pool

OKX is launching an exclusive airdrop campaign for SUI On-chain Earn users on April 19, 2024 at 6:00 am UTC.

Campaign details

1. Eligibility

• Complete identity verification

• Stake at least 1 SUI to be eligible to receive airdrop rewards

2. Rules

• Before the campaign starts, we'll take a snapshot of your SUI On-chain Earn subscriptions on April 19, 2024 at 6:00 am UTC. This snapshot will determine your baseline holdings.

• We'll take daily snapshots at 6:00 am UTC of your On-chain Earn subscriptions during the campaign period. The average increased subscription amount from the baseline snapshot, or "average increment" will determine the size of your rewards. This means you should stake as much as possible as early as possible during the campaign period to maximize your rewards.

3. Reward calculations

• Your airdrop rewards = (Your average increment / Total average increment) × Prize pool

• Example (for illustrative purposes only):

  • User A has 5 SUI staked during the initial snapshot taken on April 19.

  • He stakes 5 SUI on the first day of the 14-day campaign, giving him a total of 10 SUI.

  • He stakes another 5 SUI on day 7 of the campaign, giving him a total of 15 SUI. He does nothing else for the remainder of the campaign.

  • User A's average increment is calculated as follows:

    • (10 + 10 + 10 + 10 + 10 + 10 + 10 + 15 + 15 + 15 + 15 + 15 + 15 + 15) / 14 - 5 = 7.5 SUI

  • Assuming that the total average increment of users participating in the campaign is 1,000 SUI, and the prize pool is 10,000 SUI. User A's airdrop rewards will be calculated as follows:

    • User A's airdrop rewards = (7.5 SUI / 1,000 SUI) × (10,000 SUI) = 75 SUI

4. Schedule and prize details

5. Reward distribution

• You'll receive your airdrop rewards within 7 working days after the campaign period ends.

• All On-chain Earn staking interest will be distributed to your funding account depending on each token's on-chain mechanism.

• OKX has the discretion to convert any rewards into platform vouchers or USDT of equivalent value or less value. This may happen in cases where platform restrictions in certain jurisdictions cause participants to be ineligible for certain campaign rewards, where OKX is unable to procure the prizes for the participants, or in any case that OKX deems in its full discretion that it's necessary for the rewards to be converted.

Disclaimer

• OKX and collaborated third-party providers provide node setup, operation, and maintenance services for On-chain Earn product staking, and bear all related costs. On-chain Earn product staking rewards are subject to fluctuations, and will be distributed based on on-chain conditions.

• Participation with sub-accounts is forbidden.

Terms & Conditions

1. By default, users who enter the campaign page and participate in this campaign have read and understood the Terms & Conditions of this campaign.
2. Participation in this campaign is restricted to the main account only. Sub-accounts are not eligible to participate. The earnings of sub-accounts will not be included in the calculation of the earnings of the main account.
3. According to local laws and regulations, users from the following countries or regions (subject to verification information) may not be eligible to participate in this campaign: please refer to clause 2.2 of OKX's Terms of Use.
4. This campaign does not constitute or shall not be considered as a recommendation to deal in any products or investment advice. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.
5. Please note that the value of prizes may fluctuate. Due to such price fluctuations, the value of your prize may increase or decrease in value at any given moment. OKX is not responsible for fluctuations in the value of prizes due to market fluctuations. All applicable taxes, costs, and additional expenses associated with the acceptance and use of the prize are the sole responsibility of the campaign prize recipient.
6. Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of the reward are the sole responsibility of the individual reward recipient.
7. During the campaign period, OKX will closely track the behaviour of traders to avoid any form of cheating or abnormal behaviour, including but not limited to: registering multiple accounts, using other people's accounts, using other people's information to register accounts, false identity information, maliciously increasing trading data, engaging in laundering trades or wash trades, violating the terms and conditions of the campaign, violating local regulatory rules for transaction and any other campaigns related to illegal, fraudulent or harmful purposes. If any of the above acts are deemed to be discovered by OKX, OKX reserves the right to disqualify the user from the prize.
8. Notwithstanding anything to the contrary herein, OKX reserves the right to exclude any participant from participating in this campaign without notice.
9. Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions and OKX is not liable for any losses that may arise. Past performance also does not constitute a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your own investment experience, financial situation, investment objectives and risk appetite and consult an independent financial adviser before making any investment. This document should not be regarded as financial advice. Please refer to the OKX Terms of Use and Risk Warning for further details.
10. The value of digital assets, including but not limited to stablecoins, can and do fluctuate greatly from time to time. The value of any reward under this campaign at the time a participant qualifies for such reward may not be equal to the value of such reward at the time of distribution to the participant. Due to such fluctuations, users may experience a significant increase or decrease in the value of their assets at any given moment.
11. OKX reserves the right to determine and amend the rules of the campaign at any time without further notice, including but not limited to cancelling, extending or terminating this campaign, modifying the eligibility conditions for users participating in the campaign, and adjusting the campaign and Reward rules. All participants shall be bound by these revised terms.
12. OKX reserves the right of final interpretation of this promotion. Please contact the customer service team if you have any questions.
13. OKX has always taken its compliance obligations seriously and has always complied with the requirements of local regulators. We ask that you comply with the relevant laws and regulations of your country or region.
14. OKX is not responsible for technical, graphic, typographical or editorial errors or omissions. For more information, please visit www.okx.com © OKX
15. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

OKX team
April 19, 2024