VALR Pay & PnP Promotion
Promotion Ts & Cs (“Rules”):
- This promotion (“Promotion”) 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 Promotion.
- The Promotional period (“Promotional Period”) begins at 00:00 am UTC, April 14th, 2025 and ends at 23:59 pm UTC, May 18th, 2025 (“closing date”).
- This Promotion is available to new VALR customers who sign up for a VALR account using the referral code VA******, and complete their KYC2 (Fully-verified status) on VALR during the Promotion Period, as well as existing, fully-verified (KYC2) VALR customers, where applicable.
- Registration for this Promotion is not necessary and this Promotion is available to all qualifying Participants, save for those excluded from participating in this Promotion in accordance with these Rules.
- Rewards are distributed daily at the end of each business day, but may not be credited on the same day as account signup and verification.
- For this Promotion, spending amounts are recorded based on the market price (ZAR/USDT) at the time of the transaction on VALR, while reward values are determined by the market price on VALR at 8:00 AM UTC.
- Winners of the weekly random draw will have their respective rewards automatically credited into their VALR account within 7 South African business days after the end of each week.
- Reward winners may also be highlighted in VALR marketing emails such as newsletters and on VALR’s social media pages.
- Winners will be notified via push notification through the VALR app upon receiving a reward, provided notifications have not been disabled.
- Any decisions regarding reward payouts will be made by VALR in its sole and absolute discretion and the Participant agrees to accept any decision made by VALR in terms of the Promotion as final and binding.
- Rewards are not guaranteed, may differ per Participant and promotional activity, could amount to zero and are distributed on both a qualifying and/or first-come, first-served basis.
Rewards:
- Participants who sign up for a VALR account using the special referral code (VA******), and who fully verify (KYC2) their account within the Promotion Period may receive R25 worth of USDT (at the end of the business day). This reward is limited to 100 new customers per business day, per store where promotional activities take place, and is awarded on a first-come, first-served basis. Rewards may not be paid out on the same day as sign up, verification and/or transaction.
- New VALR customers, using the same referral code (VA******), who proceed to spend R50 in USDT using VALR Pay at any Pick n Pay store during the Promotion Period will receive an additional R75 in USDT. This reward is also limited to 100 new customers per business day, per store where promotional activities take place, and is awarded on a first-come, first-served basis.
- Every seven days, 1 randomly selected new or existing fully-verified (KYC2) VALR customer who has spent R150 in USDT at any Pick n Pay store using VALR Pay, within any of the set weekly periods, will stand a chance to earn R5,000 in USDT. This incentive is open to all VALR customers, including existing customers of VALR, and is not restricted to any referral code.
These weekly periods are divided as follows:
- 0:00 am UTC, April 14th, 2025 until 23:59 am, April 20th, 2025
- 0:00 am UTC, April 21st, 2025 until 23:59 am, April 27th, 2025
- 0:00 am UTC, April 28th, 2025 until 23:59 am, May 4th, 2025
- 0:00 am UTC, May 5th, 2025 until 23:59 am, May 11th, 2025
- 0:00 am UTC, May 12th, 2025 until 23:59 am, May 18th, 2025
Personal information:
Any personal information provided to VALR by a Participant for purposes of this Promotion will be treated in accordance with VALR’s Privacy Policy.
The nitty gritty:
1. The Promotion 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 Promotion, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Promotion in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Promotion 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 Promotion and VALR may freeze or block such Participant's VALR account.
3. For the purposes of this Promotion, 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 Promotion without prior notice, including but not limited to cancelling, extending, terminating or suspending the Promotion, 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 Promotion 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 Promotion 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 Promotion 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 Promotion, or while in any way engaged with activities related to the Promotion, 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 Promotion 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 Promotion 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.