Eligibility
New VALR account holders that signed up and have a Fully-verified account between 00:00 am UTC, January 13th 2025 and 23:59 pm UTC, January 19th 2025 (“Competition Period”) as well as existing Fully-verified VALR (KYC 2) customers.
How to enter:
- Create a VALR account: https://www.valr.com/signup during the Competition Period if you do not have one already.
- Fully-Verify (KYC 2) your account.
- Deposit SWEAT to the value of at least $50 during the Competition Period.
Rewards:
You stand to become eligible to share in a reward pool of 134,880 SWEAT based on your net deposit amount (against SWEAT withdrawals) at the end of the Competition Period. Rewards are distributed on the basis of your net SWEAT deposit value (against SWEAT withdrawal value) relative to all other eligible SWEAT deposits and capped at a maximum of 6,744 SWEAT per eligible Competition participant (“Participant”)
Rewards Specifics
- Rewards will be distributed within 7 South African business days after the Competition closing date.
- Rewards are not guaranteed, may differ per eligible Participant, may be based on trading volume, and could amount to zero.
- Rewards will be distributed in SWEAT only and will be distributed either in full or in part to reward winners on a first-come, first-served basis. VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
Competition Ts & Cs (“Rules”):
- This promotional competition (“Competition”) is run by VALR Pty Ltd (“VALR”).
- This offer may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition or promotion prohibits or excludes winning in this current Competition.
- The Competition period (“Competition Period”) begins at 00:00 am UTC, January 13th 2025 and ends at 23:59 pm UTC, January 19th 2025 (“closing date”).
- This Competition is available to both VALR’s existing customers and any qualifying new customers on VALR.
- There is no need to register for this Competition.
- VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
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Rewards are not guaranteed, may differ per Participant and could amount to zero.
Personal information:
Any personal information provided to VALR by a Participant for purposes of this Competition will be treated in accordance with VALR’s Privacy Policy.
The nitty gritty:
1. The Competition is open to all VALR customers, except VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers as well as any persons resident in VALR’s list of prohibited countries.
2. Participation by all Participants constitutes acceptance of these Rules, VALR’s Terms of Service and Risk Disclosures. By entering the Competition, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Competition in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Competition as final and binding including but not limited to any decisions regarding rewards, the reward pool and reward payouts. Any Participants found violating this clause will be removed from the Competition and VALR may freeze or block such Participant's VALR account.
3. For the purposes of this Competition, each day will be considered to run from 00:00 - 23:59 UTC.
4. VALR reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary the Rules and the Competition without prior notice, including but not limited to cancelling, extending, terminating or suspending the Competition, the Rules, the rewards, the reward parameters, the reward pool, the eligibility terms and criteria, the selection and/or number of rewards or winners.
5. VALR reserves the right, in its sole and absolute discretion, to disqualify any Participants from participating in the Competition and claiming rewards or disqualifying specific trades:
5.1. Where VALR finds the Participant to be party to any anticipated, suspected or actual:
- Fraud;
- Inappropriate, dishonest or abusive activities;
- Use of fake or fraudulent accounts;
- Manipulation or violation of these Rules, or
- Market manipulation, self-dealing, wash trading or illegally bulk registered accounts; or
5.2. For any other reason as determined by VALR.
6. If you are selected as a reward winner, you agree and consent to VALR publishing your name, your VALR reference number / tag and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any reward winner(s), provided that any reward winner(s) may expressly elect to decline this.
7. VALR will announce on its social media pages when the Competition has ended. No further rewards will be awarded once VALR has made such an announcement. The Participant should visit VALR’s social media pages regularly for updates.
8. These Rules will be governed and interpreted in accordance with South African law and any disputes arising from the Competition will be subject to the exclusive jurisdiction of the courts of South Africa.
Disclosure:
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Please refer to VALR’s full set of risk disclosures found here.
Waiver
The Participant hereby releases, waives and discharges VALR and its affiliates from any and all liability, costs or expenses, claims, demands, actions and causes of action whatsoever for any loss or damages, that may be sustained by the Participant arising out of or relating to the Participant’s participation in the Competition, or while in any way engaged with activities related to the Competition, wherever, whenever, or however the same may occur, regardless of who is at fault and including as a result of the negligence or fault of VALR or its affiliates.
Disclaimer
The Competition and its content should not be construed as investment advice or an offer or an invitation to make an offer, to buy or sell crypto assets, or an inducement to enter into any agreement or commitment with VALR or any of its affiliates in respect to any products or services for any persons, including those who are prohibited from receiving such content under the laws applicable to their place of citizenship, domicile, or residence.
VALR and its affiliates give no warranty, express or implied, including with respect to the fitness for a particular purpose of any information provided, or assume any legal liability or responsibility for the accuracy, completeness or usefulness of any information, product, practice, service or process presented, or represent that its use would not infringe any rights. VALR accepts no responsibility for, and shall have no liability in respect of, any loss or damage, whether direct, indirect or consequential, which may arise from reliance on or in connection with, the information presented herein.
The Competition content contained herein does not constitute investment or financial advice (or any advice whatsoever), should not be used as the basis for any investment or financial decisions, and does not purport to provide any legal, tax, or accounting advice.
All VALR's rights are expressly reserved.