The OKX exchange is hosting a special promotional event for the PENGU token, offering users the chance to earn a share of a massive prize pool. This guide provides a clear overview of the campaign's structure, eligibility requirements, and key dates.
Campaign Overview
The PENGU token "Trade & Earn" campaign is a limited-time event designed for both new and existing OKX users. By completing specific trading and deposit tasks, participants can qualify for a portion of the generous rewards on offer.
Campaign Period: The event begins on December 18, 2024, at 12:00 PM UTC and concludes on January 8, 2025, at 11:59 PM UTC.
Who Can Participate?
To be eligible for this promotion, users must meet the following criteria:
- Have a fully verified OKX account (KYC completed).
- Be a resident of a supported jurisdiction (users from restricted regions are not eligible).
- Click the "Join Now" button on the event page to officially register as a participant.
- Fulfill all the campaign requirements during the promotional period.
It is crucial to complete your identity verification. You can check your KYC status directly on the platform.
How to Earn Rewards
Qualified users who deposit the equivalent of 100 USDT or more in $PENGU or other supported assets AND achieve a cumulative trading volume of 100 USDT or more in $PENGU trading pairs will be eligible for a share of the total prize pool of 80,000,000 $PENGU.
Detailed Deposit Requirements
- Net Deposit: Participants must achieve a net deposit of 100 USDT or more in any supported cryptocurrency and maintain this balance until the end of the promotional period on January 8, 2025, at 11:59 PM UTC.
Eligible Deposit Methods: Qualified deposits include:
- Crypto deposits transferred from an external wallet.
- Direct deposits via the "Wallet" section (using the buy crypto/deposit in-network option).
- Crypto purchases via cash gateway, credit card, or P2P transactions through Quick Trade P2P or the P2P Marketplace.
- Internal transfers and P2P trades made via a share link or QR code are not considered eligible deposits.
- The value of your deposit is calculated based on the asset's price at the time of deposit. If you deposit multiple eligible assets, your reward will be based on the total value of all qualified deposits.
- Balance Maintenance: You must maintain assets worth at least 100 USDT in your account until the promotion ends.
- Trading Volume: Only trading volume from any $PENGU trading pair during the campaign period counts toward the requirement.
- Volume Calculation: All eligible trading volume is accumulated solely during the promotional period.
Refer a Friend to Earn More PENGU
There is a separate referral component to this campaign, allowing you to earn additional rewards.
Referral Campaign Period: This segment runs concurrently with the main event, from December 18, 2024, at 12:00 PM UTC to January 8, 2025, at 11:59 PM UTC.
Eligible users who make a minimum deposit of 100 USDT, achieve over 100 USDT in cumulative $PENGU trading volume, and successfully refer a friend can earn extra $PENGU rewards for up to 5 successful referrals.
The total prize pool for the "Refer & Earn" segment is 20,000,000 $PENGU, distributed on a first-come, first-served basis.
What Counts as a Successful Referral?
A referral is deemed successful when a new user you invite does all of the following:
- Uses your unique referral link to join OKX during the campaign period.
- Successfully joins this specific promotion.
- Deposits more than 100 USDT in value (in $PENGU or other assets).
- Completes trading volume exceeding 100 USDT in $PENGU trading pairs.
👉 Explore more strategies to maximize your referral earnings
Reward Distribution
Rewards for both the "Trade & Earn" and "Refer & Earn" campaigns will be distributed within thirty (30) working days, starting from January 8, 2025, at 11:59 PM UTC.
General Terms and Conditions
- Participation is limited to main accounts only; sub-accounts are not eligible.
- Transactions that have benefited from other platform perks (e.g., USDC zero fee) will not count toward the qualifying performance for this event.
- OKX will closely monitor all trading activity for any signs of fraudulent or abusive behavior, including but not limited to: multiple account registrations, using another person’s account, false KYC information, wash trading, and market manipulation. OKX reserves the right to disqualify any user from receiving rewards at its sole discretion.
- The value of the reward is subject to market fluctuations and may not be equivalent to its original value by the time it is withdrawn.
- OKX retains the right to convert any rewards into platform vouchers or an equivalent (or lower) value in USDT at its discretion, often due to regional restrictions.
- Reward recipients are solely responsible for any and all applicable taxes and additional fees.
- OKX reserves the right to cancel or amend the campaign and its terms at any time without prior notice.
Frequently Asked Questions
Q: I completed a deposit and trade, but it was through a sub-account. Will it count?
A: No, participation is strictly limited to main accounts. Any activity on sub-accounts will not be considered for this promotion.
Q: What happens if the value of my deposited assets falls below 100 USDT before the campaign ends?
A: You must maintain a net deposit value of at least 100 USDT until the end of the promotional period. If your balance drops below this threshold, you may become ineligible for rewards.
Q: Are there any regions excluded from this campaign?
A: Yes, users from certain restricted jurisdictions are not eligible. It is best to review OKX's terms of service for a detailed list of supported and restricted regions.
Q: When exactly will I receive my PENGU token rewards?
A: Rewards will be distributed to eligible users within 30 working days after the campaign concludes on January 8, 2025.
Q: Can I participate in both the "Trade & Earn" and the "Refer & Earn" parts simultaneously?
A: Absolutely. Eligible users are encouraged to participate in both segments to maximize their potential rewards from the total prize pool.
Q: What types of trades count towards the $PENGU trading volume?
A: All trades involving any $PENGU trading pair (e.g., PENGU/USDT) on the OKX exchange during the campaign period will contribute to your cumulative trading volume.
Disclaimer
This promotion should not be interpreted as a recommendation or an offer to buy or sell digital assets or any other financial products. Digital assets are subject to high market risk and volatility. Their value can increase or decrease significantly, and investors could lose all their capital. Participants should carefully assess their risk tolerance and financial situation before engaging in trading. Past performance is not indicative of future results. Local tax regulations may apply to transactions involving digital assets.
All campaign details are subject to the final interpretation by OKX. For the most accurate information, please refer to the official OKX website and its terms of service.