OKX BONK Airdrop Announcement
OKX is launching the BONK campaign – BONK airdrop – on November 7, 2024, at 06:00 UTC, and for you to earn extra BONK rewards.
About BONK airdrop
Eligibility
Complete identity verification
Stake at least 10,000 BONK to be eligible to receive airdrop rewards
How to participate?
The campaign is available on the OKX app and web.
Note: Using a sub-account to participate in the campaign is ineligible.
Rules
Before the campaign starts, we’ll take a snapshot of your BONK On-chain Earn subscriptions on November 7, 2024 at 06:00 UTC. This snapshot will determine your baseline holdings.
We’ll take daily snapshots at 6:00 am UTC of your On-chain Earn subscriptions during the campaign period. The average increased subscription amount from the baseline snapshot, or “average increment” will determine the size of your rewards. This means you should stake as much as possible as early as possible during the campaign period to maximize your rewards.
Campaign details
Campaign period | Prize pool | Reward Token |
[November 7, 2024, 06:00 UTC – December 7, 2024, 06:00 UTC] | 2,129,500,000 BONK | BONK |
Rewards distribution
Your airdrop rewards = (Your average increment / Total average increment) × Prize pool
Example (for illustrative purposes only):
User A has 5 BONK staked at the initial snapshot taken on November 1.
He stakes another 5 BONK on the first day of the 31-day campaign, giving him a total of 10 BONK.
He stakes another 5 BONK on day 15 of the campaign, giving him a total of 15 BONK. He does nothing else for the remainder of the campaign.
User A's average increment is calculated as follows:
(10 x 15 + 15 x 16) / 31 - 5 = 7.58 BONK
Assuming that the total average increment of users participating in the campaign is 1,000 BONK, and the prize pool is 10,000 BONK. User A's airdrop rewards will be calculated as follows:
User A's airdrop rewards = (7.58 BONK) / (1,000 BONK) × (10,000 BONK) = 75.8 BONK
Terms & Conditions
The "BONK Airdrop" promotion starts at 06:00 UTC on November 7, 2024, and ends at 06:00 UTC on December 7, 2024. (the "Promotion Period").
By default, users who enter the campaign page and participate in this campaign have read and understood the Terms & Conditions of this campaign.
Participation in this campaign is restricted to the main account only. Sub-accounts are not eligible to participate. The earnings of sub-accounts will not be included in the calculation of the earnings of the main account.
The promotion is only available on the OKX app and web.
According to local laws and regulations, users from the following countries or regions (subject to verification information) may not be eligible to participate in this campaign: please refer to clause 2.2 of OKX's Terms of Use.
Rewards will be distributed within thirty (30) days from December 7, 2024, 06:00 UTC. The platform has the right to postpone the issuance of rewards for any reason it deems necessary in its discretion, such as large-scale risk control checks and other issues.
OKX has the discretion to convert any rewards into platform vouchers or USDT of equivalent value or less value. This may happen in cases where platform restrictions in certain jurisdictions cause participants to be ineligible for certain campaign rewards, where OKX is unable to procure the prizes for the participants, or in any case that OKX deems in its full discretion that it is necessary for the rewards to be converted.
This activity is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Estimated APR rates are not guaranteed and may change without notice. Your assets in Earn are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee the repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions and OKX is not liable for any losses that may arise. Past performance also does not constitute a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your own investment experience, financial situation, investment objectives and risk appetite and consult an independent financial adviser before making any investment. This document should not be regarded as financial advice. Please refer to the OKX Terms of Use and Risk Warning for further details.
Please note that the value of the prize 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 value of your assets at any given moment.
Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of Promotion Reward are the sole responsibility of the individual Promotion Reward recipient.
OKX reserves the right to exclude any participants from this promotion and/or cancel this promotion without notice.
OKX reserves the right to interpret the terms and conditions of this promotion as it sees fit, and reserves the right to change or modify these terms and conditions at any time.
Please see the OKX Terms of Service for more information.
OKX is not responsible for technical, pictorial, typographical, or editorial errors or omissions. For more information, please visit www.okx.com © OKX. All rights reserved
OKX team
November 7, 2024