The Blum community has partnered with OKX to offer a special event for both new and existing users. This guide explains how you can participate and claim various rewards, including USDT and Mystery Boxes, by completing simple tasks like making a deposit and trading.
How to Participate in the Blum Community Event
To join this event, you must be a member of the Blum community. This typically means you registered on OKX using a specific referral link or an invitation code provided by Blum. Once you've confirmed your eligibility, you can proceed with the tasks outlined below.
Ensure you complete the Know Your Customer (KYC) advanced identity verification process. This step is mandatory to claim any rewards. You can check your verification status directly in your OKX account settings.
Step-by-Step Guide to Earning Rewards
The event is structured into several tasks, each offering distinct rewards. Follow these steps to maximize your benefits.
Make Your First Deposit
New users who make their first deposit of at least $50 (or equivalent in other eligible assets) will receive 5 USDT in Futures credits and unlock their second Mystery Box. This deposit must be made during the campaign period, and internal transfers or peer-to-peer transactions are not considered valid deposits.
Execute Your First Trade
If you are new to OKX and have not traded before, making your first trade on Spot or Derivatives markets will grant you 10 USDT in Futures credits. This incentive is designed to help you get started with trading on the platform.
Complete Additional Trades
After your first trade, execute three more trades with any pairs on Spot or Derivatives markets to receive a 10 USDT airdrop directly to your Spot account. This task is open to both new and existing OKX users, making it an excellent opportunity for everyone to earn extra rewards.
Understanding the Reward Structure
Rewards are distributed in different forms depending on the task. Futures credits are provided for the deposit and first trade tasks, while the airdrop for additional trades is delivered in USDT to your Spot account.
The total prize pool for this campaign is capped at 40,000 USDT. If this limit is reached before the campaign ends, the event may conclude early, and rewards will be distributed based on user data up to that point.
Mystery Boxes contain various rewards, such as digital tokens or rebate cards, with values up to 50 USDT. These boxes must be opened within 30 days of receipt via the OKX mobile app to avoid expiration.
Important Terms and Conditions
The campaign runs from June 13, 2024, at 12:00 UTC to July 4, 2024, at 11:59 UTC. Only users who registered via Blum's referral link or used their invitation code are eligible. You must click the "Join now" button on the campaign page and receive a confirmation message to be considered a valid participant.
Users from certain restricted countries or regions, as detailed in OKX's Terms of Service, may not be eligible to participate. Additionally, sub-accounts are excluded from this event, and rewards obtained from other OKX promotions cannot be used to qualify for tasks.
Rewards are typically distributed within 21 working days after qualification. However, OKX reserves the right to delay distribution for reasons such as risk control checks.
Platform Rules and Risk Disclaimer
Participation in this campaign implies that you have read and understood all terms and conditions. This event does not constitute investment advice, an offer to buy or sell digital assets, or financial, accounting, legal, or tax advice.
Digital assets are highly volatile and involve significant risk. You should only invest based on your financial situation and risk tolerance, seeking independent advice if necessary. OKX is not liable for any investment losses.
The platform monitors for fraudulent activities, such as multiple account registrations, wash trading, or providing false KYC information. Violations may result in disqualification from the campaign.
OKX may amend the campaign rules at any time without prior notice, including canceling, extending, or terminating the event. The platform's decision on all matters related to this promotion is final.
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Frequently Asked Questions
Who is eligible for the Blum community event?
Only users who registered on OKX using Blum's referral link or invitation code can participate. You must also complete advanced KYC verification and not be from a restricted region.
What rewards can I earn from this campaign?
You can earn up to 25 USDT in total, split as 5 USDT for your first deposit, 10 USDT for your first trade, and 10 USDT for making three additional trades. You also receive two Mystery Boxes.
How are the rewards distributed?
The deposit and first trade rewards are given as Futures credits, while the airdrop for extra trades is sent in USDT to your Spot account. Rewards are distributed within 21 working days after qualification.
Can existing OKX users participate?
Yes, existing users can earn the 10 USDT airdrop for completing three trades after the first one. However, the deposit and first trade rewards are only for new users.
What is inside a Mystery Box?
Mystery Boxes may contain digital tokens or rebate cards worth up to 50 USDT. They must be opened via the OKX mobile app within 30 days to avoid expiration.
What happens if I violate the terms?
If OKX detects any fraudulent activity, such as wash trading or using multiple accounts, you may be disqualified from receiving rewards, and your participation may be voided.