Promotion Ts & Cs (“Rules”):
- This promotional campaign (“Promotion”) is run by VALR Pty Ltd (“VALR”).
- This Promotion 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 Promotion period (“Promotion Period”) begins at 00:00 am UTC, June 2nd 2025 and ends at 23:59 pm UTC, July 31st 2025 (“closing date”).
- There is no need to register for this Promotion. VALR will exclusively select eligible Participants at its sole discretion. Selected Participants will be notified by VALR via email prior to the Promotion start date.
- Only ZAR lending interest earned will count towards the rewards.
- VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
- Rewards are not guaranteed, may differ per Participant and could amount to zero.
- Rewards will be distributed within 7 South African business days after the monthly reward cycles.
Eligibility
- Participation is strictly limited to VALR customers selected by VALR at its sole discretion..
How to Participate:
- Access the lending feature via the VALR app or website.
- Select the Rand (ZAR) asset.
- Specify the amount you wish to lend and set the minimum yield rate you are willing to accept.
- Earn yield hourly, with the flexibility to unlock your funds in as little as one hour.
Monthly Reward Cycles:Cycle 1: 00:00 UTC on June 2nd, 2025, to 23:59 UTC on June 30th, 2025
Cycle 2: 00:00 UTC on July 1st, 2025, to 23:59 UTC on July 31st, 2025
Rewards:
- Participants will earn an additional 10% bonus on the yield earned during each monthly reward cycle up to a maximum of $500 USDT per participant per month.
- The top five Participants with the highest total yield earned each month will share a 2,000 USDT reward pool, up to a maximum of 400 USDT. Final reward amounts are discretionary.
- The total reward pool available under this Promotion is $12,000 in USDT.
Rewards Specifics
- Rewards will be paid out in USDT only.
- Only ZAR lending interest earned will count towards the rewards.
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 exclusively selected VALR customers, excluding VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers and 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.