Wow! What a week. The spike in the crypto market has seen some significant alterations to our minimum amounts.
But the basic premise remains the same – trade around $50 worth of crypto to receive one entry. The more you trade, the more chances you have to win.
The fourth and final airdrop period begins today (April 8) and concludes on Sunday April 14 at 11.59pm.
The rules in detail
The rules are pretty simple: All you need to do is trade a minimum of AUD$50 to be eligible.
Now, $50 worth of trade will give you one entry in the competition, and every $50 afterwards will give you another entry. So trading $100 will give you two entries, trading $500 will give you ten entries and so on.
To make things easier, we have fixed the minimum amount for each crypto that you need to trade to receive an airdrop entry. Each multiple of the minimum will get you another entry.
Those amounts won’t change this week, even if the price moves up and down. We may alter them next week however, so remember to check back here.
The min amounts are:
LTC – 0.39
So, to take a random example, if you trade 100 XRP, you’ll get one entry, 200 will give you two entries, 1000 will give you ten entries.
ENTRIES ARE DECIDED ON ‘INCOMING’ CURRENCY
We determine the amount you have traded based on the currency you receive after the trade (and after fees).
So if you sell some BTC and end up with AUD in your account, we base your entry on the amount of AUD.
So if the exchange rate changes and you trade 0.0065 BTC for $49, that trade wouldn’t be eligible for an entry, because we’re only looking at the currency you receive.
But if you trade 0.38 Litecoin for $51 Australian, that would be eligible.
The number of entries will be based on the TOTAL amount you have traded at the end of the eligible period. So if you made both those trades I used as examples (trading BTC for $49 and LTC for $51) during the period, that would still add up to $100 and therefore 2 entries.
The winners will be selected at random from the pool of entries. Airdrop amounts and numbers of winners will vary from week to week.
Please note that Nauticus Employees are not eligible for the airdrop.