Announcing our Convergence Staking Airdrop Rewards Program with BitFinex
We are pleased to announce our ‘Convergence Staking Airdrop’ program with BitFinex. For 10-weeks, Convergers will be airdropped up to 6,700,000 CONV every week by holding a minimum eligible amount of CONV tokens on BitFinex.
Airdrop Reward Details
To join the airdrop program, you must have a verified BitFinex account to at least a Basic Plus level. You will also need to ensure you have a CONV wallet address set up on your account so that you will be able to receive airdrop rewards.
In order to be eligible for airdrops, you must ‘hodl’ at least 5000 $CONV tokens during the 10-week period in your exchange wallet on BitFinex. Convergers can simply deposit or buy 5000 $CONV on the exchange to be automatically enrolled onto the program.
The event rewards will be distributed proportionately on a weekly basis, based on the number of CONV tokens held in individual user exchange wallets at the time of the snapshot. The maximum payout of CONV token rewards is capped at 75,000 $CONV per week per user.
Note that selling or trading of CONV tokens is permissible during the campaign period, but eligibility for the staking airdrop awards are only valid if a user has at least 5000 CONV tokens in their Exchange wallet.
Decisions made by BitFinex in respect to this program shall be final and binding.
Event Dates: 25 August 2022 at 00:00 UTC — 2 November 2022 at 23:59 UTC
Event Prizes: All users that held at least 5,000 CONV will receive WEEKLY AIRDROPS based on their contribution to the total amount of CONV TOKENS deposited on BitFinex. (Max. 75,000 $CONV per week per user)
Weekly Airdrop Rewards Pool: 6,700,000 CONV
Total Airdrop Rewards Pool: 67,000,000 CONV
- Only users with a minimum balance of 5,000 CONV in their exchange wallets on Bitfinex are eligible to receive rewards.
- All eligible users must either deposit the minimum balance into a BitFinex wallet or acquire them on the exchange.
- The distribution of rewards will be calculated and distributed weekly as follows:
- Rewards will be distributed based on the total amount of eligible CONV held by each user as a proportion of the total amount of CONV deposited on the platform.
- You can receive up to 2.5 times the staked CONV amount as an airdrop reward each week.
- There’s a 75,000 CONV airdrop reward cap per user per week.
- The cycle for the weekly rewards will be closed every Wednesday, and the airdrop rewards will be processed up to the following Friday after the cycle closes.
This Campaign is open to all eligible users who have completed at least Basic Plus verification process on their account and hold 5,000 CONV on their Exchange wallet on Bitfinex. Eligible participants must at all times comply with these terms as well as BitFinex’s Term of Service. Void where prohibited or restricted by law.
Bitfinex is a full-featured spot-trading platform for major digital assets & cryptocurrencies. It offers leveraged secure margin trading through a peer-to-peer funding market and is owned and operated by iFinex Inc., which is headquartered in Hong Kong and registered in the British Virgin Islands.
The company was founded in December 2012 by Raphael Nicolle, as a Bitcoin exchange, offering digital asset trading services to users around the world, later adding support for more cryptocurrencies. It was one of the first professional platforms built to accommodate the booming interest in cryptocurrency trading.
About Convergence Finance
Convergence is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.