The Catizen (CATI) promotion in collaboration with OKX offers participants the opportunity to earn a share of a substantial prize pool. This guide provides a clear overview of the event's key details, eligibility criteria, and important considerations for taking part.
Understanding the promotion's structure is the first step to potential rewards. We break down everything you need to know in a simple, actionable format.
Key Promotion Details
The promotional event for Catizen (CATI) tokens has a specific timeframe and a set of clear rules for participation.
- Promotion Period: The event began on September 15, 2024, at 10:00 AM UTC and concluded on September 20, 2024, at 11:59 PM UTC.
- Prize Pool: A total of 250,000 CATI tokens were allocated for distribution to eligible participants.
Eligibility Requirements for Participation
To be considered for a reward, users had to meet several strict criteria during the promotion period. These steps were mandatory for entry.
- New OKX Account: Participation was restricted to new OKX users. A qualifying account must have been created after the promotion's start time on September 15, 2024, at 10:00 AM UTC.
- Registration: Eligible users needed to click the "Join Now" button on the official campaign landing page to be registered as a participant.
- Account Linking: Participants were required to successfully bind their Catizen airdrop to their new OKX account.
- Identity Verification: Completing the KYC (Know Your Customer) verification process was a mandatory step to confirm identity and ensure compliance.
It is important to note that participation was limited to main accounts only; sub-accounts were explicitly excluded from eligibility.
Reward Distribution and Important Considerations
Following the conclusion of the promotion, the distribution of rewards commenced under specific terms.
Rewards were scheduled to be distributed to eligible users within thirty working days after the promotion ended on September 20. Participants should be aware of several crucial points regarding the prizes and the platform's policies.
- Market Volatility: The value of digital assets like CATI tokens is highly volatile. The value of the reward at the time of distribution may differ from its value at the time of withdrawal due to market fluctuations.
- Reward Conversion: OKX reserved the right to convert any rewards into platform vouchers or USDT of equivalent or lesser value. This could occur due to platform restrictions in certain jurisdictions or other reasons at OKX's discretion. Any conversion would be based on the opening price on the OKX exchange at the time.
- Tax Liability: All applicable taxes, fees, and additional expenses related to accepting and using the promotion reward are the sole responsibility of the recipient.
- 👉 Check your eligibility status and explore more opportunities
Compliance and Fair Participation
OKX actively monitored for fraudulent and abusive behavior throughout the campaign to ensure a fair process for all legitimate participants.
Prohibited activities included, but were not limited to:
- Registering multiple accounts.
- Using another person's account or information.
- Providing false KYC information.
- Engaging in wash trading or any form of market manipulation.
- Any violation of the campaign's terms and conditions or local regulatory rules.
OKX maintained the right to disqualify any user found engaging in such activities from receiving a prize. The company also reserved the right to exclude participants or cancel the promotion without prior notice and to interpret or modify these terms at its discretion.
Frequently Asked Questions
What was the Catizen (CATI) promotion on OKX?
It was a limited-time event where new OKX users could complete specific tasks, including KYC verification, to earn a share of a 250,000 CATI token prize pool. The promotion has now concluded.
Who was eligible to participate in this event?
Only new OKX users who created an account after the promotion started were eligible. They also had to click "Join Now" on the landing page, bind their Catizen airdrop, and complete full KYC verification.
How and when were the rewards distributed?
Rewards were distributed within thirty working days after the promotion ended on September 20, 2024. Users needed to have a compliant and verified account to receive their share.
Could the reward value change?
Yes, digital asset prices are volatile. The value of the CATI tokens could fluctuate between the time of distribution and the time a user decides to withdraw or trade them.
What was the most important step to qualify?
Completing the KYC verification process was a critical mandatory step. Without a verified identity, an account was not eligible to receive any rewards from the promotion.
What happened if a user was found cheating?
OKX closely monitored for fraudulent activity. Any user found cheating, such as by creating multiple accounts, was disqualified from receiving any prize, in accordance with the campaign's terms.