Dear OKEx Users,
OKEx has supported the USDT-TRC20 holder Airdrop program since 11:00 (HKT) on April 29, 2019. To qualify for rewards, complete the exchange process in your funding account.
Program Timeline
- Duration: April 30 to August 7, 2019 (100 days total)
Participation Steps
- Navigate to your funding account.
- Locate USDT and USDT-TRC20 tokens.
- Exchange USDT for USDT-TRC20.
- Hold USDT-TRC20 to qualify for daily snapshot rewards.
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Snapshot Mechanism
- Method: Random daily snapshots.
- Eligibility: Only USDT-TRC20 balances at snapshot time count toward rewards.
Reward Structure
| Phase | Dates | Daily Reward Rate | Equivalent Annualized Yield |
|--------------|---------------------|-------------------|-----------------------------|
| Phase 1 (5d) | Apr 30 – May 4 | 0.0548% | 20.00% |
| Phase 2 (5d) | May 5 – May 9 | 0.0329% | 12.00% |
| Phase 3 (5d) | May 10 – May 14 | 0.0274% | 10.00% |
| Phase 4 (7d) | May 15 – May 21 | 0.0219% | 8.00% |
| Phase 5 (10d)| May 22 – May 31 | 0.0137% | 5.00% |
| Phase 6 (14d)| Jun 1 – Jun 14 | 0.0082% | 3.00% |
| Phase 7 (54d)| Jun 15 – Aug 7 | 0.0027% | 1.00% |
Reward Formula: Daily Reward = USDT-TRC20 Snapshot Balance × Daily Reward Rate
Example: A user holding 10,000 USDT-TRC20 on April 30 earns: 10,000 × 0.0548% = 5.48 USDT-TRC20
Reward Distribution
- Rewards for each phase are distributed within 5 business days after the phase ends.
- Rewards <0.1 USDT are not distributed.
- Rewards received will be included in subsequent snapshots.
Key Notes
- Instant Exchange: USDT-TRC20 can be converted back to USDT anytime, but rewards apply only to balances held during snapshots.
- Usage Restrictions: USDT-TRC20 in funding accounts can only be exchanged. For transfers, withdrawals, or trading, convert to USDT first.
- Deposits: Direct deposits (USDT-Omni/ERC20/TRC20) credit as USDT. To earn rewards, manually exchange to USDT-TRC20.
- Program Conclusion: Remaining USDT-TRC20 balances auto-convert to USDT post-event.
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FAQs
Q1: How do I check my reward eligibility?
A: Ensure your USDT-TRC20 balance is held during random daily snapshots.
Q2: Can I withdraw rewards immediately?
A: Yes, after converting rewards to USDT in your funding account.
Q3: Why was my reward not distributed?
A: Verify if the reward met the 0.1 USDT minimum threshold.
Q4: Are rewards compounded?
A: Yes, distributed rewards participate in future snapshots.
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