Frax is a DeFi ecosystem that supports multiple stablecoins, protocols, and two unique governance & utility tokens. Among them is Frax Share (FXS), which oversees the ecosystem’s stablecoins** and infrastructure protocols.
From now until 6 March, you have the chance to earn an FXS bonus when you grow your FXS balance. Only the top 8,000 participants will win an even share of the US$40,000 FXS rewards pool, so start scaling the leaderboard today!
Campaign Period: 20 February 2025, 07:00 UTC – 6 March 2025, 00:00 UTC
Net Buy Challenge (US$40,000 Prize Pool)
The top 8,000 eligible users ranked by FXS Net Buys* will win US$5 of FXS each.
How to participate?
If you wish to participate in the campaign, you may consider completing the following actions:
- Sign up or sign in to the Crypto.com App (Guide)
- Go to the campaign section on the home screen and tap FXS App Campaign > Join Now
- Perform at least US$50 worth of FXS Net Buys* during the Campaign Period (Deposit Guide, Purchase Guide)
*FXS Net Buys = Buys (FXS) + Deposits (FXS) – Sells (FXS) – Withdrawals (FXS)
**Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Useful Links:
- Join us on Telegram to discuss with the Crypto.com Community
- Guide to completing account verification
- Guide to purchasing crypto in the Crypto.com App
Notes:
- Participation in the FXS App Campaign (“Campaign”) is strictly optional.
- In addition to the following rules, please refer to the Limited Offer Official Rules for further rules regarding eligibility and participation in the campaign. Users residing in the United States should consult the United States Specific Official Rules for Limited Offer.
- The Campaign is offered by Crypto.com to Crypto.com App users who have successfully completed the identification process and all other onboarding procedures specified in the Crypto.com App by the end of the Campaign Period.
- Any trades that are executed through bad trading practices in Crypto.com’s absolute opinion, including but not limited to wash trades, false trading, self-dealing, or trades that display any attributes of market manipulation (‘disqualified trades’), will not be counted towards the participant’s transaction volume.
- Crypto.com will disqualify any entry from participants who do not meet the eligibility requirements as solely and absolutely determined by Crypto.com.
- The FXS rewards will be credited to the recipients’ Crypto.com App account in FXS within 90 days after the Campaign ends.
- Recipients will be notified via email 14 days after the reward distribution is completed for confirmation.
- The FXS/USD exchange rate used to administer the Campaign will be determined around the time of reward distribution at the sole discretion of Crypto.com.
- Crypto.com reserves the right to cancel the Campaign or amend the Campaign mechanics or rules at any time at our sole discretion.
- By participating in the Campaign, participants acknowledge having read the Global Marketing Privacy Notice of Crypto.com, which is published at https://crypto.com/privacy/global/html and understand that we may use their personal information for the purposes of assessing their eligibility to participate in the campaign, identity verification and reward redemption.
- In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the Campaign.
- In the event of a tie, the reward shall be awarded to the participant whose trading volume was achieved first, as determined solely by Crypto.com.
- Nothing contained herein shall be construed to be financial advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy or sell any digital assets. Purchasing cryptocurrencies involves a high degree of risk and there is always the possibility of loss, including the loss of all or a substantial amount of your purchase price. Please seek professional advice before making any financial, investment, or trading decisions.
- CANADIAN USERS: Crypto.com’s Main App is offered through Foris DAX, Inc. Foris DAX, Inc. has filed an application for registration as a restricted dealer in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Foris DAX, Inc. obtains registration, Foris DAX, Inc. has agreed to abide by the terms of an undertaking available at the following link.
