Switcheo 1st Birthday — HODL Campaign

Jack Yeu
Jack Yeu
Mar 31, 2019 · 3 min read
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As part of our “Switcheo Turns One!” birthday celebration, we are happy to announce that we will be launching a Switcheo Chest event to reward our Switcheo HODLers!

This event has two tiers — Switcheo HODL Lite and Premier.


Switcheo HODL Lite

Commit to hold at least 15,000 SWTH for 90 days in Switcheo Chest to earn from a pool of 1,000,000 SWTH tokens.

Participants should lock up their SWTH tokens for 90 days, beginning on 8 April, to 7 July, 12:00 SGT (UTC+8).

Switcheo HODL Premier

Commit to hold at least 15,000 SWTH for 180 days in Switcheo Chest to earn from a pool of 3,000,000 SWTH tokens.

Participants should lock up their SWTH tokens for 180 days, beginning on 8 April to 5 October, 12:00 SGT (UTC+8).

Switcheo Chest will be available for users to commit their SWTH tokens on 8th April, 12:00 SGT (UTC+8).


Event Mechanics

To qualify for this event, participants will have to do the following:

  • Commit a minimum amount of 15,000 SWTH into Switcheo Chest
  • Committed SWTH tokens cannot be unlocked or used until the stipulated event end time
  • Users may commit tokens after the event has started, but the amount of rewards earned will be pro-rated by the lock-up start date
  • Only users who have fulfilled these criteria will be eligible to earn SWTH tokens
  • SWTH tokens earned will be credited to the user’s wallet upon the end of the each event tier

Reward Calculation: (Committed amount by user * Number of days locked) / Σ(Committed amount for each user * Number of days locked for each user) x Total pool amount

Scenario 1 — Switcheo HODL Lite:

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Scenario 2 — Switcheo HODL Premier:

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Event Rules:

  • Only users who have fulfilled all the criteria throughout the campaign period will be eligible for the rewards
  • Distribution of SWTH rewards will be conducted within 2 weeks of the end of the campaign
  • Switcheo reserves the right to amend event rules or cancel the event at our sole discretion

For more information on the steps to commit your SWTH tokens, click on the link below:

To view Switcheo’s terms and conditions, go here.


For more information on Switcheo:

Switcheo

We go forward.

Jack Yeu

Written by

Jack Yeu

Co Founder, Switcheo Network

Switcheo

Switcheo

Switcheo builds platforms that break new ground. We bring you finance without limits, for lives without limits. Whether you’re a battle-weary trader or are just making your first purchase, there’s nothing cryptic about crypto on Switcheo.

Jack Yeu

Written by

Jack Yeu

Co Founder, Switcheo Network

Switcheo

Switcheo

Switcheo builds platforms that break new ground. We bring you finance without limits, for lives without limits. Whether you’re a battle-weary trader or are just making your first purchase, there’s nothing cryptic about crypto on Switcheo.

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