The maximum lucky spin attempts to receive per user is 11.

1. Activity period: 22 August 2023 16:00 UTC - 12 September 2023 16:00 UTC

2. Enrollment eligibility:

   1. This promotion is applied to new or existing eligible OKX users from Russia, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan

   2. In order to receive the Rewards, winners must pass or have previously passed OKX's advanced identity verification (KYC2). Check your status here.

   3. Users must register by clicking the "Enroll" button on the landing page. Once a user successfully enrolls in the activity, the button will change to "Enrolled."

   4. During the activity period, users need to make a net deposit and keep at least $50 assets in any cryptocurrency in their funding accounts. Net deposit amount = Deposit amount - Withdraw amount

   5. Participation in this activity is restricted to the main account only. Sub-accounts are not eligible to participate and the earnings of sub-accounts are not included in the calculation of the earnings of the main account.

3. Reward conditions

   1. Please refer to the descriptions at the top of the page. Eligible users will receive a claim for reward based on their cumulative derivatives trading volumes, with a maximum of 11 claims. Each claim can use a maximum reward of an iPhone 14 Pro 128GB.

      1. For example, if Jim's cumulative derivatives trading volume reaches 10,000 USDT, he will receive a total of 3 claims for rewards. If Jim's cumulative derivatives trading volume reaches 500,000 USDT, he will receive a maximum of 10 claims for existing users and 11 attempts for new users.

   2. Reward and attempt data is updated hourly. If your claims are not updated immediately, please check back later on the activity page.

   3. Trading volume calculation: Cumulative valid derivatives trading volume generated during the activity period. Trading volume from using OKX's other benefits, including but not limited to USDC fee waiver trades, will not be counted for this activity.

   4. Each OKX account can only participate in one activity within the same time frame. If a qualified user enrolls in multiple activities, they will only receive the reward from the last activity that they enrolled in. We recommend that users do not join multiple campaigns during the same period.

4. Reward introduction

   1. The rewards will be distributed in the form of USDT and $PAAL tokens, except for the iPhone 14 Pro Max reward.

   2. The total reward pool for this activity is 25,000 USDT, available on a first-come, first-served basis while supplies last and until fully distributed.

   3. For the iPhone reward, OKX will contact the winner via email for confirmation of reward delivery. Should the recipient fail to respond to OKX's email within 72 hours, the recipient is deemed to forfeit the reward. The reward can be exchanged for USDT at an equivalent value of 1,300 USDT (taken from the total reward pool) should the winner elect to receive it in tokens.

   4. The $PAAL award will be credited to the web3-wallet address. To receive the $PAAL award, the winner must create a web3-wallet.

   5. For the $PAAL reward, OKX will contact the winner via email for confirmation of the user's OKX web3 wallet address for reward delivery. Should the recipient fail to respond to OKX's email within 72 hours, the recipient is deemed to forfeit the reward.

   6. Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of the reward are the sole responsibility of the individual reward recipient.

   7. Token rewards will be distributed within 21 working days after the end of the activity period.

   8. OKX reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.

   9. OKX has the discretion to convert any rewards into platform vouchers or USDT of equivalent value or less value.

5. Trading volume calculation

   1. Eligible trading volume is calculated based on trading volume generated strictly from eligible user’s own funds, excluding the use of platform rewards such as rebate cards, contract vouchers, etc.

   2. Trading volume from other platform benefits, including but not limited to USDC fee waiver trades, will not be counted for this activity.

6. This activity does not constitute or shall not be considered as a recommendation to deal in any products or investment advice. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.

7. Please note that the value of the reward may fluctuate and may not be equal in value at the time a recipient has the ability to withdraw to the actual withdrawal time based on market fluctuation. Prices of digital assets, including stablecoins, can and do fluctuate at any moment. Due to such price fluctuations, you may experience an increase or decrease in the value of your assets at any given moment.

8. Risk Warning: Digital asset prices are subject to high market risks and price volatility. The value of your investments may fluctuate and you may lose your investment amount. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. You should only invest in products you are familiar with and understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions and consult with an independent financial advisor. This document should not be construed as financial advice. For more details, please refer to the OKX Terms of Use and Risk Warning.

9. Participants who participate in this activity are regarded as having read and understood the Terms and Conditions of this activity.

10. OKX reserves the right to exclude any participant from participating in this activity and/or cancel this activity without notice.

11. If any participant is found or deemed to be ineligible, prohibited or disqualified for this activity for any reason, OKX reserves the right to confiscate, withdraw or withhold any prizes, rewards, or gifts at any time, or to recover such rewards and/or deduct the value of the used portion of such rewards from the winner's OKX account in any currency in which the rewards have been paid and/or used.

12. OKX reserves the right to cancel the eligibility of any participant who engages in dishonest or abusive behavior in this activity, including but not limited to registering multiple accounts to obtain additional rewards, engaging in laundering trades, and any other activities related to illegal, fraudulent or harmful purposes. Serious cheating may result in your OKX membership status being downgraded, account frozen or termination of membership.

13. During the activity period, OKX will closely monitor traders' behavior to prevent any form of cheating, including but not limited to malicious wash trading, bulk-account registrations, self-trading, collusion, opening multiple accounts to obtain additional rewards, and any other activities related to illegal, fraudulent, or harmful purposes. If cheating behavior is detected, OKX reserves the right to disqualify the corresponding participant.

14. OKX reserves the right to interpret, decide, modify, or change the terms and conditions, its rules and other particulars of this activity at any time without prior notice, including but not limited to canceling, extending, terminating, or suspending the activity, eligibility qualification, terms and conditions, winner criterion, quantity of rewards, and the timing of any activities. All participants shall be bound by these revised terms and conditions.

15. The final interpretation of the activity shall be exclusively vested on OKX.

16. OKX has always attached importance to compliance obligations and strictly adheres to the relevant requirements of regulatory authorities in various jurisdictions. Please comply with the relevant laws and regulations of your country or region.

17. OKX is not responsible for technical, graphical, layout, or editorial errors or omissions. For more information, please visit OKX website.