Getting bored of the stale crypto markets right now? It’s time to put your passive crypto assets to work with the launch of WOO Earn!
WOO Earn is a new product that allows WOO X traders to conveniently earn a passive yield on their asset holdings stored on WOO X. In this initial launch, WOO Earn will offer a few fixed-term vaults (USDT, BTC, ETH, and BNB) with competitive yield rates.
To celebrate the launch of WOO Earn, we’re launching a time-limited promotional campaign to further sweeten the deal while traders get to try out our new product!🚀💰
Welcome to Stacktember!
Make this a productive month of gains with WOO Stacktember!
From Sep 18, 10 AM UTC to Oct 2, 10 AM UTC, earn your share of a massive 125,000 WOO rewards pool by simply subscribing to WOO Earn vaults. Here’s how.
🏃♂️ Be the first 50:
Be one of the first 50 users to subscribe to Earn vaults for a bonus 10%* return + free upgrade of your staking tier:
- First 50 users with a min. $2,000 in value subscribed to any Earn vault will share a 62,500 WOO prize pool (1,250 WOO per winner, or worth about $200 each at a WOO token price of $0.16)
- First 50 users with a min. $2,000 in value subscribed to any Earn vault will also receive a free upgrade of their staking tiers (+1) for 30 days, taking effect starting from Oct 23
Estimated minimum subscription requirements:
- USDT: $2,000
- ETH: 1.228 ETH** (about $2,000)
- BTC: 0.0777 BTC** (about $2,000)
- BNB: 9.338 BNB** (about $2,000)
*Calculation is based on winning $200 worth of WOO (1,250 WOO) at the token price of $0.16, and by subscribing at least $2,000 worth of tokens in any WOO Earn vault.
**The real value of the user's subscription amount for non-USDT vaults will be calculated based on the past 7-day TWAP of ETH, BTC and BNB on Oct 9.
🏆 Ranking bonus:
The top 5 users by their individual total amount subscribed (across all Earn vaults) will share a bonus 12,500 WOO prize pool (2,500 WOO per winner, or worth about $400 each, using WOO token price of $0.16)
🏅 Milestone Bonus:
Hit specific milestones in your total amount subscribed across all 4 Earn vaults, and share a bonus trading fee rebate (rebate has a 29-day validity period from Oct 10 - Nov 8):
- $50,000** - Share a trading fee rebate up to 5,000 WOO (worth $800*)
- $100,000** - Share a trading fee rebate up to 15,000 WOO (worth $2,400*)
- $200,000** - Share a trading fee rebate up to 30,000 WOO (worth $4,800*)
*Calculated using WOO token price of $0.16.
**The value of the user's subscription amount (non-USDT vaults) will be calculated based on the past 7-day TWAP of ETH, BTC, and BNB on Oct 9.
Note that the trading fee rebate will be shared amongst all users who’ve hit the same milestone amount in each milestone tier. The rebate will be allocated on a first-come, first-serve basis. See the example below:
- All users must be registered and successfully KYC-ed on WOO X before the campaign closing date on Oct 2, 2023.
- During the campaign period, Earn vaults are locked and cannot be redeemed.
- Users cannot perform early redemption at any time during the campaign period, i.e. must remain subscribed to the Earn vaults till the campaign end date.
- In addition, users must have a total subscription duration of at least 7 days by Oct 9, 2023, to be eligible for any and all of the rewards. This is separate from the Earn subscription lock-in period of Sep 18 - Oct 2, 2023.
- Therefore, the campaign ending date is on Oct 2, 2023 and the winner eligibility calculation date will happen 7 days later on Oct 9, 2023.
- Prizes will be distributed by Oct 23, 2023.
- Trading fee rebate value is calculated based on the WOO token price of $0.16.
- Trading fee rebate is valid only from Oct 10 - Nov 8, 2023, and will be airdropped to the winners by Nov 15, 2023.
- The amount of trading fee rebate airdropped to the winner is determined solely by the amount of trading fees that the user has paid during the validity period of Oct 10 - Nov 8, 2023.
- The value of the trading fees paid by the user will be based on a past 7-day TWAP of the token paid, calculated on Nov 8, 2023.
- Trading fee rebate will be shared amongst all users who have hit the same required milestone amount in each milestone tier and will be shared on a first-come, first-serve basis.
- Trading fee rebates will be airdropped only as WOO tokens.
- WOO Network reserves the right to change the above-mentioned timeline at its discretion, in particular to end the event earlier.
Terms and conditions
All participants of the campaign accept that:
- He/She abides by the WOO X Terms of Service
- He/she acknowledges and agrees to these Terms & Conditions, Activity Rules, and any subsequent amendments, once he/she joins the campaign. Additionally, his/her relevant information including but not limited to nickname and UID on WOO X, the total amount that he/she subscribed to in all of the available WOO Earn vaults, all the individual trades and trade amounts made during the trading fee rebate validity period, and any rankings as required by the campaign will be calculated and stored for the duration of the entire campaign, as well as may also be made publicly available. The aforementioned information cannot be removed or revoked during the campaign. Furthermore, he/she acknowledges and agrees that WOO Network has the right to access, read, and disclose his/her relevant aforementioned information.
- WOO Network reserves the right to disqualify any participant if he/she engages in any inappropriate, dishonest, or abusive activities during the campaign. The participant of the competition acknowledges and agrees that the decision regarding disqualification is at the sole discretion of the WOO X and WOO is not obliged to provide any explicit reason(s) for doing so.
- WOO Network reserves the right to modify and the final interpretation of the Terms & Conditions of this event without notifying users in advance. If you have any questions, please contact our customer service.
- WOO Network will not be responsible or liable for any losses (including, without limitation, any direct or indirect damages for loss of profits) resulting or arising directly or indirectly from your participation in this campaign.
- WOO Network reserves the right to disqualify trades that are wash trades, involve illegal bulk account registrations, self-dealing, or display signs of market manipulation or suspicious behavior, etc. The participant of the competition acknowledges and agrees that the decision regarding disqualification is at the sole discretion of the WOO X and WOO is not obliged to provide any explicit reason(s) for doing so.
- Your personal data are processed by WOOTECH Limited, on the grounds of article 6(1)f of the GDPR - legitimate interest of WOO, for the following purposes:
- Conducting the competition,
- Selecting winners of the competition, and
- Analytics assessment of data collected during the competition.
You can object to that processing at any time. You may contact us via this form. Your data are being transferred outside of the European Economic Area to the United States, Japan, and Taiwan. For more details and your rights, please visit WOO X Privacy Note.
The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.
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