Dear SafePal Community,
As a follow up to the recent Swap and HODL Giftbox event, SafePal is excited to announce a Bonus Giftbox event starting from 18th May – 17th June 8 AM UTC 2023 with an additional $150,000 USDC reward pool for our community!
As stated previously, only users who participated in the Swap and HODL $SFP and $USDC Event,and completed the tasks before the deadline on 8th May 11AM UTC would be eligible!
To make it easy for users to verify if they qualify for this bonus reward, simply select the verify button in the Giftbox event (which will be live starting 16th May from 8AM UTC), and hold the 200 $USDC in your wallet from 18th May – 17th June 8 AM UTC 2023! The 150,000 $USDC reward pool will be distributed evenly to a maximum of 20,000 whitelisted users who hold or ‘diamond hand’ the 200 $USDC till the end of the event period.
Snapshots will be taken randomly at different points during the event period to verify that users have successfully completed the holding requirement.
Q1. Can anyone join this Giftbox campaign?
No, only users who completed the Swap and HODL Giftbox event here are eligible. Please verify if you are eligible via the ‘Verify’ button in the USDC Diamond Hands Giftbox event which will be live in the SafePal app starting from 16th May 8AM UTC.
Q2. What is the amount of rewards I can earn from this bonus campaign?
Each user who participated in the Swap and HODL $SFP and $USDC Event will earn at least an additional 7.5 $USDC, up to a maximum of 200 $USDC of total rewards for holding the $200 USDC till the completion of the campaign.
Assuming the maximum of 20,000 whitelisted users all qualify for the rewards:
150,000 $USDC ÷ 20,000 users = 7.5 $USDC
If only 1,000 whitelisted users qualify for the rewards:
150,000 $USDC ÷ 1,000 users = 150 $USDC
Q3. Can the 200 USDC be removed from my wallet balance during the campaign?
To qualify for the reward, you need to keep a wallet balance of at least 200 USDC until the end of the campaign from 18th May – 17th June 8 AM UTC 2023.
Snapshots will be taken at various intervals during the event to confirm compliance with the requirements. Failure to meet the holding requirements in any of the snapshots will disqualify you from receiving the reward.
Q4. How will the winners be notified?
After completing all Giftbox tasks, a green checkmark ✅ will appear next to “Whitelist” task. The button will change into “Completed” if you start to hold the 200 USDC. If you do not hold the 200 $USDC till the event ends on 17th June, 8 AM UTC, the button will change into “Incomplete” and the green checkmark will disappear.
You can check if you have won a prize at Giftbox’s redeem center 48 hours after the event ends on 17th June, 8 AM UTC.
Q5. How do winners claim their reward?
The winners will be airdropped the USDC rewards to their wallet address 48 hours after the event ends on 17th June, 8 AM UTC.
Q6. Can I store and hold USDC in any chain?
To fulfill the “Hold” task, the eligible tokens and smart contract for “Hold USDC” are listed below:
- USDC (ERC20): 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
- USDC (AVAX): 0xb97ef9ef8734c71904d8002f8b6bc66dd9c48a6e
- USDC (Polygon): 0x2791bca1f2de4661ed88a30c99a7a9449aa84174
- USDC (BEP20): 0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d
- USDC (Arbitrum): 0xff970a61a04b1ca14834a43f5de4533ebddb5cc8
- USDC (Optimism): 0x7f5c764cbc14f9669b88837ca1490cca17c31607
- USDC (Fantom): 0x04068da6c83afcfa0e13ba15a6696662335d5b75
USDC on other chains cannot be verified for this task.
SafePal reserves the right to disqualify participants that are deemed to be spammers or illegally bulk registered accounts, as well as activities that display attributes of exploitation or market manipulation.
SafePal reserves the right to cancel or amend any activity or activity rules at our sole discretion.
Not Investment Advice
This activity does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you.
Cryptocurrency investment is subject to high market risks. Please invest cautiously. SafePal will not be responsible for any investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal.
Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.
SafePal is a comprehensive crypto wallet suite providing hardware wallet, mobile app, and browser extension wallet solutions. As a non-custodial wallet suite, SafePal aims to allow users to own their crypto adventure, by empowering them to access opportunities securely in the decentralized world.
The SafePal platform serves more than 10 million users across the globe and supports 15 languages, 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools for users.
SFP is a decentralized BEP-20 utility token and the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs.