Leveraged Tokens Online Carnival! Win a Share of Leveraged Tokens Worth 30,000 USDT With Only 0.1 KCS
Dear KuCoin Users,
KuCoin has been striving to bring more benefits to users and provide more trading options. KuCoin has officially launched the Leveraged Tokens on April 20, 2021 (UTC).
KuCoin Leveraged Tokens are tokens with the added benefit of leverage. Traders also amplify their investment returns with leverage by simply buying and selling leveraged tokens (it’s essentially the same as trading in the Spot Market) without paying any principal. Leveraged Tokens effectively increase profit and avoid liquidation risk through the automatic adjustment of leverage. Their features include no risk of liquidation, no need to pay margin, and automatic compound interest.
To reward new and existing users and celebrate the launch of Leveraged Tokens, KuCoin will be launching the activities to give away a reward pool of 50,000 USDT.
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Activity 1: Exclusive Benefits for KCS Users
Activity Period: 08:00:00 on April 22, 2021 – 15:59:59 on April 24, 2021 (UTC)
Rule: During the period from 16:00:00 on April 16, 2021 to 15:59:59 on April 21, 2021 (UTC), users with an average KCS holding of ≥ 20 can withdraw 0.1 KCS to the address LoveKuCoinETF for a chance to win a share of leveraged tokens worth 30,000 USDT.
Reward: KuCoin will randomly select 2,000 qualified users to get 1 BTC3L and 1 BTC3S airdrop each.
Notes
① Each user can only transfer 0.1 KCS. Transfer amounts exceeding 0.1 KCS will be regarded as an invalid transfer.
② After the activity period ends, the KCS transferred to LoveKuCoinETF address will be returned to users’ Main account if they’re not selected to get the airdrop.
Activity 2: Trade To Share 20,000 USDT
Activity Period: 08:00:00 on April 22, 2021 - 15:59:59 on April 27, 2021 (UTC)
Rule: Users with a leveraged token trading volume (buys + sells) of ≥ 1,000 USDT will receive the corresponding reward based on their ranking.
The details are as follows:
| Ranking | Reward Pool (USDT) |
| Top 1 | 6,000 |
| Top 2-5 | 5,000 in total |
| Top 6-10 | 4,000 in total |
| Top ≥ 11 | 5,000 in total |
Notes
① The top 1 ranking user will solely receive the reward, and the other users will share the corresponding reward in proportion to their trading volume.
② The users who participate in Activity 1, whether they are selected to get the airdrop or not, their transaction volume will be multiplied by 1.5 to participate in the ranking of Activity
Activity 3: Time-Limited Trading Fee Return!
Activity Period: 08:00:00 on April 22, 2021-15:59:59 on April 27, 2021 (UTC)
Rule: During the activity, all users who trade leveraged tokens will have the chance to receive a return of their trading fees. The details are as follows:
| 7-day Average Trading Volume (USDT) | Return Ratio |
| 2,000 ≤ X < 15,000 | 20% |
| 15,000 ≤ X < 30,000 | 35% |
| X ≥ 30,000 | 50% |
Note
1, Trading Volume: buys + sells;
2, The Sub-Accounts and Master Account will be treated as the same account when participating in the activity;
3, Rewards will be distributed within 7 working days of the campaign ending;
4, The trading activity on the platform will undergo rigorous inspection during the activity. For any malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc., the platform will cancel the qualification of the participants. KuCoin reserves all rights to exercise at its sole discretion to define if the transaction behavior is counted as cheating behavior and determine whether to cancel the participation qualification of a user.
5, The final decision made by KuCoin is with legal binding force to all participants who participated in the competition. Users hereby confirm that their registration and use of KuCoin is voluntary and is not forced, interfered with, or influenced by KuCoin in any way.
Risk Warning：Leveraged Tokens investment (trade) is a risky one. Compared with derivatives and leveraged tokens issued and managed by other institutions, KuCoin Leveraged Tokens bears lower risks and costs, however, it does not mean that it has no risks. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. Please do not trade or invest any products that are beyond your financial abilities.
Regards,
The KuCoin Team
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