Here is a comprehensive overview of the promotional activities involving JAMBO tokens, detailing participation rules, reward structures, and general conditions. This guide provides all the essential information you need to understand how these events operate and how you can potentially benefit from them.
Overview of the Trading and Earning Campaign
The promotional campaign, which focuses on trading and earning opportunities, is scheduled to run from January 16, 2025, at 12:00 UTC until February 4, 2025, at 23:59 UTC. During this period, eligible participants can complete specific tasks to qualify for rewards.
To be eligible, users must be from supported countries and have completed full identity verification. It is important to review the platform’s list of restricted regions, as users from those areas will not be able to participate.
Participation Requirements
Qualified new and existing users can take part in the campaign by meeting the following conditions:
- Clicking the "Join" button on the promotion page.
- Completing all the required tasks within the promotional period.
- Successfully passing identity verification (KYC). You can check your current verification status through your account settings.
Deposit Rules
A key requirement for participation is making a qualifying deposit.
- Participants must make a net deposit of at least 100 USDT (or its equivalent in any supported cryptocurrency) and maintain that balance until the campaign ends at 23:59 UTC on February 4, 2025.
- Eligible deposit methods include transfers from an external wallet, direct wallet operations (such as crypto purchases and on-chain deposits), purchases via a fiat gateway, P2P platforms, P2P Express, the P2P marketplace, and bank card deposits.
- Internal transfers and private P2P transactions are not counted toward this requirement.
- The deposit amount is calculated based on the price of the asset(s) at the time of deposit. If a user deposits multiple eligible assets, the total combined value will be used to determine reward eligibility.
Trading Volume and Reward Distribution
Trading activity is a central part of this campaign.
- All trading volume in spot trading pairs that include the JAMBO token ($J) during the promotional period will be counted.
- Only the volume accumulated during the official campaign dates will be considered for rewards.
- A reward of 20 $J tokens will be distributed to the first 40,000 users who successfully complete all the required steps.
- These rewards will be distributed within thirty (30) working days after the campaign concludes on February 4, 2025.
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The Referral Program Explained
A separate but concurrent referral program also offers earning opportunities. This initiative runs during the same dates: from January 16, 2025, at 12:00 UTC to February 4, 2025, at 23:59 UTC.
Both existing and new users can participate in this program, provided they complete the conditions during the promotional period and have passed KYC verification.
How to Earn Through Referrals
Qualified users can earn JAMBO tokens by referring friends. To qualify for a reward, a user must:
- Have made a deposit of at least 100 USDT.
- Have achieved a trading volume of at least 100 USDT in JAMBO trading pairs.
- Successfully refer a friend (up to a maximum of 5 referrals).
A total prize pool of 200,000 JAMBO tokens is available and will be distributed on a first-come, first-served basis.
Defining a Successful Referral
A referral is considered successful only if the new user meets all of the following criteria:
- Registers a new OKX account during the promotional period.
- Joins the promotion explicitly.
- Makes a deposit exceeding 100 USDT in value (in JAMBO or other assets).
- Executes trades with a volume of more than 100 USDT in JAMBO trading pairs.
Similar to the main campaign, only trading volume in JAMBO pairs during the promotional window is counted toward this requirement.
General Terms and Conditions
All participants must adhere to the following general rules, which are designed to ensure fair and compliant participation for everyone involved.
- Participation is limited to a user's main account; sub-accounts are not eligible to join.
- Transactions that are part of other ongoing promotions cannot be counted toward the requirements of this campaign.
- Users from certain restricted countries or regions, as defined by OKX's Terms of Service, are prohibited from participating.
- The platform will actively monitor for fraudulent activity throughout the campaign. This includes detecting multiple account registrations, using third-party accounts or identities, providing false KYC information, wash trading, market manipulation, money laundering, or any other action that violates the rules or local laws.
- OKX reserves the right to disqualify any participant and cancel or amend the promotion at its discretion without prior notice.
- All decisions regarding the interpretation of these terms and conditions are final.
Important Considerations on Rewards
Participants should be aware of several key factors regarding the rewards:
- Market Volatility: The value of crypto rewards can fluctuate significantly due to market conditions. The value at the time of distribution may be different from the value at the time of earning.
- Reward Conversion: In certain circumstances, such as jurisdictional restrictions or delivery limitations, OKX may convert rewards into platform vouchers or USDT of equivalent or lesser value, based on the opening price on the OKX exchange.
- Taxes and Fees: Any applicable taxes, transaction fees, or other costs associated with receiving or using a reward are the sole responsibility of the recipient.
Frequently Asked Questions
Who is eligible to participate in the JAMBO campaigns?
Eligibility is generally open to new and existing users from supported countries who have completed full identity verification (KYC). It is crucial to check the list of restricted regions in the platform's terms of service, as users from those locations cannot participate.
What counts as a valid deposit for the 'Trade and Earn' campaign?
Valid deposits include transfers from external wallets, direct wallet purchases, on-chain deposits, fiat gateway purchases, and all forms of P2P and card deposits. The key is that the net deposit must be at least 100 USDT in value and must be maintained until the campaign ends. Internal transfers do not count.
How are the rewards distributed?
Rewards for both the trading and referral campaigns are distributed within thirty (30) working days after the promotion concludes on February 4, 2025. They will be credited directly to the qualified users' funding accounts.
Can I participate if I am already in another promotion?
Typically, transactions used to qualify for one promotion cannot be used to qualify for another simultaneously. You should review the specific terms of each campaign to avoid disqualification.
What happens if the market price of JAMBO changes?
The value of all cryptocurrency rewards is subject to market volatility. This means the fiat value of your distributed JAMBO tokens could be higher or lower than expected when you eventually sell or trade them.
What is considered fraudulent activity?
The platform prohibits actions like creating multiple accounts, using someone else's identity for KYC, wash trading (buying and selling to create artificial volume), market manipulation, and any other activity that violates the promotion's rules or local laws. Engaging in these activities will result in disqualification.
Disclaimer: This content is for informational purposes only and is not intended as an offer or solicitation to buy or sell digital assets or any other financial products. Crypto assets are inherently risky and can be volatile. Their value may increase or decrease significantly, and you could lose your entire investment. Always assess your financial situation and risk tolerance carefully before engaging in any trading activity. Past performance is not indicative of future results. You are solely responsible for understanding and complying with any tax obligations related to your crypto transactions.