The Token Splash event is a platform-wide campaign designed to showcase newly listed tokens and provide users with opportunities to earn rewards. It is ideal for those interested in exploring emerging digital assets or who have confidence in the potential of newly available tokens. Participation can lead to substantial benefits through various engaging activities.
Please note that this event is not available to users residing in the European Economic Area (EEA). The list of restricted countries includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, and Norway.
How to Participate and Earn Rewards
There are multiple pathways to earn rewards through the Token Splash event. Each method involves engaging with the featured tokens in different ways.
Eligible Participation Methods
- Token Deposits: Accumulate deposits of the relevant token that meet or exceed the minimum required amount during the campaign period.
- Purchase via Spot Trading: Deposit USDT (or its equivalent) and use it to purchase the relevant token via spot trading, ensuring the total purchase amount meets the minimum requirement.
- Spot Trading Volume: Achieve a spot trading volume for the specified token that meets or exceeds the minimum requirement during the event.
Specific requirements and reward structures vary for each token event. Always check the official event page for the most accurate and current details.
Eligibility and Account Requirements
Understanding who can participate and which accounts are eligible is crucial for a smooth experience.
User Eligibility
- All users who have completed Level 1 Personal Identity Verification are eligible to participate.
- You must click the "Register Now" button on the event page to enroll.
- Institutional users and market makers are not eligible to participate in the Token Splash event.
Account Types
Currently, participation is restricted to main accounts only. Sub-accounts cannot be used to register for the event.
However, any trading volume generated through your sub-accounts or trading bots during the event will be counted towards your total activity for reward calculation.
Calculating Your Deposit Amount
Your cumulative deposit amount is the sum of all successful deposits of the relevant token made during the event period.
What Counts Towards Deposits
- Deposits made via on-chain transfers.
- Deposits completed through Peer-to-Peer (P2P) platforms.
- Deposits made using quick buy services.
Example Calculation:
- Bob deposits 100 XYZ via an on-chain transfer.
- He then buys 50 XYZ using P2P and another 50 XYZ via a quick buy service.
- His total cumulative deposit amount for XYZ is 200 XYZ.
Important Note: Internal transfers between your own accounts are not counted towards the deposit total for this event.
Effect of Withdrawals
Withdrawing tokens during the event does not affect your eligibility for rewards or reduce your cumulative deposit amount. You are free to withdraw assets as needed.
Understanding Trading Volume Calculation
Your trading volume is a key metric for qualifying for rewards and determining their size.
What Contributes to Trading Volume
All spot trades involving the relevant token during the event period are counted. This includes trades made through:
- Your main account.
- Your sub-accounts.
- Trading bots, such as Spot Grid Bots or DCA (Dollar-Cost Averaging) Bots.
Important Note: Trades executed via API are excluded from the volume calculation.
How Task Completion and Rewards Work
Successfully completing a trading task involves registering for the event and then achieving the minimum required trading volume for the specified token.
Reward Distribution Formula
Rewards are distributed proportionally based on your contribution to the total trading volume of all participants. The formula is:
(Your Total Spot Trading Volume / All Participants' Total Spot Trading Volume) * Total Reward Pool
Example Scenario:
- Total Reward Pool: 1,000 USDT
- Minimum Trading Volume Required to Qualify: 50 USDT worth of XYZ
- Individual Reward Cap: 50 USDT
Two users, Ann and Bob, qualify:
- Ann's Total Trading Volume: 100 USDT
- Bob's Total Trading Volume: 1,000 USDT
- All Participants' Total Trading Volume: 10,000 USDT
Reward Calculation:
- Ann's Reward: (100 / 10,000) * 1,000 USDT = 10 USDT
- Bob's Reward: (1,000 / 10,000) * 1,000 USDT = 100 USDT
Since there is an individual reward cap of 50 USDT for this specific event, Bob's reward is adjusted downward to the cap. He receives 50 USDT.
The reward cap varies for each token event, so always confirm the details on the official event page. To explore the details of ongoing events and their specific structures, you can view the latest opportunities here.
Receiving Your Rewards
All qualified rewards will be distributed to the funding accounts of winning users within 7 days after the event concludes. You do not need to claim them manually; the distribution is automatic.
Troubleshooting: Missing Rewards
If you believe you completed the necessary tasks but did not receive a reward, the most likely reason is that the event operates on a first-come, first-served basis. Each event has a maximum number of eligible participants. Once this limit is reached, no additional users can qualify for rewards, even if they meet all the task requirements.
Always refer to the official event announcement and landing page for all terms, conditions, and participant limits before you begin.
Frequently Asked Questions
Q1: What exactly is the Token Splash event?
A: Token Splash is a promotional event that highlights newly listed tokens. It allows users to earn rewards by depositing or achieving a certain trading volume with these specific tokens during the campaign period.
Q2: I live in a country not listed as restricted. Why can't I access the event?
A: Beyond the EEA restrictions listed, general access depends on your local regulations. The platform complies with all local laws, and some services or promotions may be unavailable in certain jurisdictions outside the EEA for regulatory reasons.
Q3: Can I use a trading bot for this event?
A: Yes, trading volume generated by approved trading bots, like Spot Grid or DCA Bots, will be counted towards your total. However, you must still register for the event with your main account first.
Q4: How is the 'minimum requirement' amount determined?
A: The minimum required deposit or trading volume is set individually for each token event. It is based on the token's market conditions and the event's goals. You must check the specific event page for these details.
Q5: Are rewards distributed in USDT or the event token?
A: Rewards are typically distributed in USDT, but this can vary per event. The official event page will always specify the currency in which rewards will be paid out.
Q6: What should I do if I think my reward calculation is incorrect?
A: First, double-check your trading volume and the event's terms. If you still believe there is an error, contact official customer support for assistance, providing your relevant transaction details. For a deeper understanding of how volumes and rewards are tracked, you can explore more strategies here.