On February 14, the Waves.Exchange team launched a fiat gateway, enabling users to make zero-fee cryptocurrency purchases with their cards. We are now holding a staking contest with cashback and a lottery. Enter the competition and win prizes!
Staking is the process of holding cryptocurrency in a wallet to support the operations of the Waves Platform open protocol. Users lock their tokens and receive rewards for helping maintain the network. Waves.Exchange offers a USDN staking service.
USDN (or Neutrino Dollar) is an algorithmic stablecoin, pegged to the US dollar (1 USDN = $1). The token’s price stability is regulated by the Neutrino Protocol algorithm and backed by WAVES held in the smart contract.
Currently, the estimated annual return for USDN staking is 9.92%. Within the last month, the rate has been as high as 19.32%.
We are offering additional payouts for all contest participants! The monthly contest consists of one cashback payout, and a lottery with five prize draws.
All users who purchase at least 10 USDN after the start of the competition will receive an additional 1 USDN. The bonus will be automatically credited to your balance within one week of completing the conditions of the contest (see below).
Contest period: March 19 — April 20.
There will be a lottery with five separate draws, in which participants can win a total of 500 USDN. We’ll determine the winners via the Waves blockchain Randomizer, ensuring transparent and fair selection. You can find out how the Randomizer works here.
Draw dates: March 26, April 2, April 9, April 16 and April 20.
How to participate
To receive your cashback bonus and participate in the lottery, please complete the following steps:
- Buy at least 10 USDN with your debit or credit card. There are no commission fees
- Deposit USDN via the Neutrino staking dashboard
- Submit your wallet address to the Telegram bot: @waves_exchange_bot. The bot will add you to the cashback list and notify about contest updates
If you have any questions about the staking contest, please ask them in our Telegram group. You can also contact support in the Waves.Exchange desktop and web versions via chat in the bottom right corner.
UPD: This article and Terms and Conditions have been updated on March 22, 2020