Gate.io will list Scallop (SCLP) in the USDT market at 11:00 Oct 28, 2021 UTC. Besides, Gate.io is currently holding a Scallop (SCLP) deposit & trading competition. Deposit competition will start from now on, and trading competition will start from Oct 28th 11:00 UTC to Nov 4th 11:00 UTC. We have a pool of $50,000 in rewards for users who deposit & trade SCLP.
New users need to sign up Gate.io to participate.

Competition Period: From Oct 28th 11:00 UTC to Nov 4th 11:00 UTC

Activity 1: $26,000 SCLP for users with Top Deposit (Time: FROM NOW ON)
The top 300 user based on deposit volume will share over $26,000 SCLP
1st Place: 6,670 SCLP（about $1,000）
2nd Place: 5,330 SCLP（about $800）
3rd Place: 4,000 SCLP（about $600）
4th Place: 2,670 SCLP（about $400）
5th Place: 2,000 SCLP（about $300）
The 6th-300th place：will share the remaining 152,670 SCLP（about $22,900）based on deposit volume.
*Note: The 6th-300th place bonuses are capped at 2,000 SCLP

*Participants need to deposit at least 2,670 SCLP (about $400 USD). （Participate now！）
Deposit SCLP at: https://www.gate.io/en/myaccount/deposit/SCLP

Activity 2: Trade SCLP to Share $20,000 in Rewards
The top 200 users based on trading volume will share over $20,000.
1st Place: 6,270 SCLP（about $940）
2nd Place: 4,730 SCLP（about $710）
3rd Place: 3,130 SCLP（about $470）
The 4th-200th place：Will share the remaining 119,200 SCLP（about $17,880） based on trading volume.
*Note: The 4th-200th place bonuses are capped at 3,130 SCLP.

During the competition, participants need to purchase at least 1,000 SCLP.

Activity 3: New Users Register & Trade, Total of $2,000 Reward to be Shared
During the activity period, each user who registers and completes any amount of valid trades can receive 60 SCLP (about $10) reward. A total of 13,320 SCLP, first come, first served.

Participate: https://www.gate.io/en/questionnaire/989?ch=formSCLP

Activity 4: $1,000 USD for Twitter Giveaway
From now on, we will start a 7-day about 6,670 SCLP ($1,000 USD) twitter Giveaway event to complete forwarding and following tasks and get lucky draw opportunities. After the event, we will draw 20 people from them and will give 320 SCLP ($50 USD).

Activity 5: SCLP Telegram AMA, $1,000 USD Giveaway
We will launch the SCLP Telegram AMA activity in the near future, inviting SCLP project personnel to visit the Gate.io Telegram group. During the Q&A period, 6,670 SCLP (about $1,000 USD) airdrop benefits will be given out. Details of the event will be on Gate.io Twitter and Telegram announced, so stay tuned!

Rules of Competition:
1. Users’ net deposit volume is calculated as (deposit volume - withdrawal volume - sell volume) (excluding intra-site transfer)
2. The earlier you participate in trading volume the higher the weighting. User trading volume is calculated as (buy volume + sell volume) x (time bonus factor) (not counting same user buying and selling, please do not swipe trading volume). (Time bonus factor) from 1.2 times at the beginning of the campaign to 1.0 times at the end of the campaign, decreasing linearly over time.
3. Due to varied transaction costs for different VIP levels, in order to keep the competition fair, the transaction volume will be eliminated by multiplying the (actual commission/VIP10 commission) by the difference in user transaction commission.
4. Due to the difference in transaction cost for referrer rewards, in order to keep the competition fair, the transaction volume will be normalized by whether there is a referrer or not to eliminate the difference in user fee cost.

Notice*
1. Rewards will be distributed to the winning user accounts within 7 working days after the end of the campaign, which can be viewed at “My Finance” - “Billings”.
2. Only One Entry per person will be permitted (KYC must have been completed). The Sub-Accounts and Master Account will be treated as the same account when participating in the competition.
3. In order to safeguard every user’s rights and guarantee fairness, the platform will cancel entries for malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc.

Risk Warning: Please be sure to note that the virtual currency market is volatile and losses may occur in different situations, so you are strongly recommended to understand all the related information and be vigilant in regards to your investment actions.

Gate.io reserves the right to cancel or amend any activity or activity rules at our sole discretion.


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Gate.io Team

Oct 28, 2021