Celestia has captured the attention of the crypto community, and many platforms are hosting events to celebrate its integration. For those new to the ecosystem, participating in a trading event can be a great way to get acquainted with the asset while potentially earning rewards. This guide provides a clear overview of how such promotional campaigns typically function, the key rules to be aware of, and important considerations for managing risk.
Understanding the structure and requirements of any trading event is the first step toward informed participation.
Event Participation Overview
Promotional campaigns for new digital assets often have specific eligibility criteria. These are designed to ensure fair participation and reward genuine users.
Typically, such events are exclusive to new users who have not traded on the platform before. All actions, including account deposits and spot trades, must be completed within a strictly defined event period. It is crucial to complete any required identity verification (KYC) processes before the campaign concludes to ensure you qualify for any rewards.
Participation is usually limited to a user's main account. Transactions made through sub-accounts or by using automated trading bots are generally not counted toward the event's requirements.
Key Rules and Requirements
Before joining any trading promotion, carefully review all the terms and conditions. Here are some common stipulations you might encounter.
Eligibility and Registration: Users often must explicitly click a "Join Now" button on the event page to be registered as a participant. There may also be geographic restrictions, excluding residents of certain jurisdictions.
Reward Calculation: Rewards are typically based on your accumulated trading volume in the specific asset during the promotion window. For example, reaching a threshold like $100 in trading volume might make a user eligible for a reward. These rewards are usually distributed in the asset itself or its equivalent value after the event concludes.
Important Limitations: Most campaigns cap the number of qualified participants, such as limiting rewards to the first 1,000 eligible users. Platforms closely monitor for fraudulent activity, including wash trading or using multiple accounts, and reserve the right to disqualify participants engaging in such behavior.
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Understanding the Risks
It is vital to approach any trading event with a clear understanding of the associated risks. The cryptocurrency market is known for its high volatility.
The value of digital assets can fluctuate significantly in a very short period. This means the value of a reward at the time it is distributed may be different from its value when you decide to withdraw or trade it. All participants must assess their own risk tolerance and financial situation before getting involved.
Promotions should never be construed as a recommendation to buy or sell any financial product. They are simply marketing events. Always conduct your own research and never invest more than you are willing to lose.
Frequently Asked Questions
Who is eligible for the Celestia new user event?
This type of event is typically exclusive to users who are new to the platform and have not executed any trades prior to the event. They must also complete identity verification (KYC) and may need to reside in an eligible jurisdiction.
Do I need to hold my TIA tokens for the entire event?
Not necessarily. Some events only require that the trading volume threshold is met during the promotion period. Withdrawals of TIA during the event may not affect eligibility, but you should always confirm this in the specific event rules.
How and when are the rewards distributed?
Rewards are generally distributed in a lump sum after the event has ended and all transactions have been verified. This process can take up to thirty working days. The reward is often calculated based on the asset's opening price on the exchange at a specified time.
What trading pairs count towards the volume?
Typically, only spot trading volume for the specific asset, like TIA/USDT or TIA/BTC, is counted towards the requirement. Trading on margin, futures, or using other derivatives usually does not qualify.
Can I participate with a sub-account?
No, participation is almost always restricted to a user's main account. Any trading or deposit activity conducted through a sub-account is not counted towards the event's goals.
What happens if the market price of TIA changes?
The value of the reward is subject to market fluctuations. The amount you receive is typically fixed in USD value but paid in TIA, meaning the number of TIA tokens you get will vary based on the market price at the time of distribution.