Introduction
The world of cryptocurrency is buzzing with exciting opportunities, and the Hamster Kombat (HMSTR) event is a prime example. This initiative offers participants a chance to earn valuable rewards simply by engaging in various trading activities. Whether you are a seasoned trader or new to the crypto space, understanding the mechanics of this event can help you maximize your potential gains. This guide provides a detailed overview of the event, its requirements, and how you can participate effectively.
Event Overview and Key Dates
The promotion period for this event runs from 26 September 2024 at 12:00 UTC to 24 October 2024 at 11:59 UTC. It is crucial to complete all tasks within this timeframe to be eligible for rewards. The event is designed to incentivize trading activity, offering a substantial reward pool for participants.
Eligibility Criteria
To participate in this event, users must meet specific eligibility requirements:
- This promotion is available to new or existing eligible users from several countries, including Russia, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Ukraine.
- Participants must complete the KYC (Know Your Customer) identity verification process to claim any rewards. You can check your verification status on your account dashboard.
- Registration is mandatory. Users must click the "Enroll" button on the official event landing page. Once enrolled, the button will change to display "Enrolled," confirming your registration.
- Only main accounts are eligible to participate. Sub-accounts cannot participate, and their trading volume will not be counted towards the main account's total.
How to Earn Rewards
The event features multiple tasks, each with its own reward structure. Rewards are distributed on a first-come, first-served basis, so early participation is encouraged.
Task-Based Rewards
- 25 USDT Reward: Complete the designated tasks. Trading volume generated from spot trading, derivatives, copy trading, and trading bots is included in the calculation.
- 1,500 HMSTR Reward: Fulfill the required tasks. Similar to the USDT reward, trading volume from all eligible sources (spot, derivatives, copy trading, bots) counts towards this goal.
Additional Prize Pool
There is an additional opportunity to share an 80,000,000 HMSTR prize pool in a separate event. Furthermore, super traders can compete for a share of $60,000 in USDT and HMSTR.
Specific Task Breakdown
- 500 HMSTR Reward: Achieve a trading volume of 500 USDT on the HMSTR/USDT trading pair. This reward is limited to the first 2,000 new and existing users.
- 1,000 HMSTR Reward: Achieve a trading volume of 5,000 USDT on the HMSTR/USDT pair. This reward is limited to the first 1,000 new and existing users.
- 5 USDT Reward: Make your first deposit if you are a user who has not yet done so. This reward is limited to the first 1,000 eligible users.
- 5 USDT Reward: Achieve a trading volume of 20,000 USDT on any trading pairs. This reward is limited to the first 5,000 new and existing users.
- 5 USDT Reward: Achieve a trading volume of 50,000 USDT on any trading pairs. This reward is limited to the first 4,000 new and existing users.
- 5 USDT Reward: Achieve a trading volume of 100,000 USDT on any trading pairs. This reward is limited to the first 1,000 new and existing users.
The maximum reward a single user can earn is 1,500 HMSTR and 25 USDT.
Understanding Trading Volume Calculation
It is essential to understand how your trading volume is calculated to ensure you meet the criteria.
- Eligible trading volume is calculated based on volume generated strictly from the user's own funds. The use of platform rewards, such as rebate cards or contract vouchers, is excluded from this calculation.
- Trading volume from other platform benefits, including but not limited to USDC fee waiver trades, will not be counted towards this activity.
- 👉 Check your real-time trading volume and progress
Reward Distribution and Rules
The total reward pool for this activity is 2,000,000 HMSTR and 60,000 USDT.
- Rewards will be distributed in the form of USDT and HMSTR tokens.
- Token rewards are designed to be distributed instantly to your account after each task is completed.
- Reward data is updated hourly. If your rewards are not updated immediately, please check back later on the activity page. You can contact Support if your rewards do not update after a few hours.
- OKX reserves the right to convert any rewards into platform vouchers or USDT of equivalent or lesser value if deemed necessary.
- All applicable taxes, fees, and additional expenses related to the acceptance and use of any reward are the sole responsibility of the individual recipient.
Important Platform Rules and Disclaimers
Participants must agree to the platform's terms and conditions, which include important legal and risk disclosures.
- This campaign does not constitute investment advice. Digital assets are speculative, highly volatile, and can become illiquid. Investors could lose their entire investment.
- The value of prizes may fluctuate due to market conditions. OKX is not responsible for these fluctuations.
- OKX reserves the right to disqualify any participants who engage in dishonest or abusive activities, including bulk-account registrations to farm bonuses or any unlawful, fraudulent, or harmful behavior.
- The platform reserves the right to amend the rules of the campaign at any time without further notice, including canceling, extending, or terminating the event.
- For the most accurate information, always refer to the original English version of the terms, as it shall prevail in case of any discrepancies with translated versions.
Frequently Asked Questions
Q: Who is eligible to participate in this event?
A: The event is available to new and existing users from a specific list of countries who have completed their KYC verification and have enrolled via the official landing page.
Q: How is my trading volume calculated for the tasks?
A: Volume is calculated from your own funds on spot, derivatives, copy trading, and bot trades. It excludes volume from platform rewards like vouchers or fee waivers.
Q: When will I receive my rewards?
A: Rewards are typically distributed instantly after a task is completed. Data is updated hourly, so there might be a short delay. If rewards don’t appear after a few hours, contact support.
Q: What is the maximum I can earn from this event?
A: A single user can earn a maximum of 1,500 HMSTR and 25 USDT from the various tasks combined.
Q: Can I use a sub-account to participate?
A: No, only main accounts are eligible for this event. Sub-accounts cannot participate, and their trading volume will not be counted.
Q: What should I do if I encounter an issue with the event?
A: Your first point of contact should be the platform's customer service team for assistance with any event-related issues or questions.