Discover the latest APT airdrop campaign by OKX, offering a 1,000 APT prize pool for On-chain Earn users.
OKX, a leading global cryptocurrency exchange, has unveiled an exciting new airdrop campaign for its On-chain Earn users, featuring a substantial prize pool of 1,000 APT tokens. This initiative is set to commence on June 3, 2024, at 6:00 am UTC, and will run until June 17, 2024, at 6:00 am UTC. Here’s everything you need to know to participate and maximize your rewards.
Table of Contents
Eligibility Criteria
To be eligible for the OKX APT airdrop, users must:
- Complete Identity Verification: Ensure your identity is verified on the OKX platform.
- Stake APT: Stake at least 1 APT token via the On-chain Earn product to qualify for airdrop rewards.
Only main account holders can join; sub-accounts and users from certain regions cannot participate due to local rules.
Campaign Rules
Participants must adhere to the following rules:
- Baseline Snapshot: A snapshot of your APT On-chain Earn subscriptions will be taken on June 3, 2024, at 6:00 am UTC to determine your baseline holdings.
- Daily Snapshots: Daily snapshots will be taken at 6:00 am UTC throughout the campaign period to track the average increment of your holdings.
Rewards calculation
- Your rewards are based on how much more you stake than everyone else.
- The formula is Your rewards = (Your average increase / Total average increase) × Prize pool.
Let’s break it down with an example:
- User A starts with 5 APT on June 3.
- On the first day, he stakes 5 more APT, making it 10 APT in total.
- On day 7, he stakes another 5 APT, making it 15 APT in total.
- He doesn’t stake anymore for the rest of the campaign.
To find User A’s average increase:
(10 + 10 + 10 + 10 + 10 + 10 + 10 + 15 + 15 + 15 + 15 + 15 + 15 + 15) / 14 – 5 = 7.5 APT.
If the total average increase for all users is 1,000 APT and the prize pool is 1,000 APT, User A’s rewards are:
(7.5 APT / 1,000 APT) × 1,000 APT = 7.5 APT.
So, User A will get 7.5 APT as his reward.
if you stake more APT early in the campaign and consistently maintain or increase your holdings, your average increment will be higher, thus maximizing your potential rewards.
Reward Distribution
The total prize pool of 1,000 APT tokens will be distributed to participants based on their calculated rewards. These rewards will be credited to your funding account within 7 business days after the campaign ends. OKX reserves the right to convert rewards into platform vouchers or USDT of equivalent value in certain situations.
Risk Considerations
OKX emphasizes the speculative and volatile nature of digital assets. Participants should have a high-risk tolerance and are advised to consult with an independent financial advisor before making any investment decisions. Detailed risk information is available in the OKX Terms of Use and Risk Warning documentation.
Conclusion
The OKX APT airdrop campaign is an exciting opportunity for On-chain Earn users to gain additional rewards. By participating early and staking APT, you can maximize your share of the 1,000 APT prize pool. This initiative not only rewards loyal users but also promotes deeper engagement with the OKX platform and the broader cryptocurrency ecosystem.
Don’t miss out on this opportunity! Start staking APT now and join the campaign to potentially earn a significant share of the rewards. Stay tuned for more updates and future campaigns from OKX.
For more details, visit the OKX Support Center or contact OKX customer service.
Disclaimer
The information provided is for informational purposes only and does not constitute financial advice. Participation in the OKX APT airdrop campaign is subject to the OKX Terms of Use and Risk Warning documentation. Always exercise caution and consult with a financial advisor before making investment decisions.