[2020 Thanksgiving Carnival] SRK Net Buying Competition & Lending - 5,000,000+ SRK in Prizes!

Dear BitMart Users,

Thanksgiving marks the official start of the holiday season! Want to get a head start on crypto holiday shopping before Black Friday hits? Check out BitMart’s annual Trading Carnival promotion event with SparkPoint. Join SRK Net Buying Competition  to win your share of 5,000,000 SRK in prizes, and subscribe SRK Lending Phase I to earn SRK interest with 50% APY. Besides, you will have a chance to hit 1 BTC reward if you complete multiple tasks. Please invite your friends to join us, binge trading and win more together!

Campaign Period: 11/23/2020 10:00 AM to 12/4/2020 10:00 AM (EST)

I. Net Buying Competition - 4,500,000 SRK Giveaway!

Users will be ranked in terms of the total net buying volume (buy - sell) of SRK on their BitMart account during the competition period. The top 10 users with the highest net buying volume will be rewarded with the following prizes:

• 1st: 1,350,000 SRK

• 2nd: 900,000 SRK

• 3rd:  675,000 SRK

• 4th-10th: 225,000 SRK each

Campaign Period: 11/23/2020 10:00 AM to 12/4/2020 10:00 AM (EST)

Trade & Win Now: SRK/BTC, SRK/ETH 

II. SRK Lending - Earn Up to 50% APR

To give back to our global communities for continued support in BitMart and SparkPoint, we will offer a selected financial product “SRK Lending” November 23, 2020. Users who lend SRK on BitMart Lending can earn interest with 50% APR.

>>>Participate Now: https://www.bitmart.news/lending-detail/en?id=65

• Product Name: SRK 15Days
• Listing Time: 11/23/2020 10:00 AM EST
• Subscription Period: 11/23/2020 10:00 AM to 11/25/2020 10:00 AM EST
• Redemption Date: 12/10/2020 10:00 AM EST

Product Details

Currency	Lock-Up Period	Sub Cyrle Starting (EST)	Sub Cycle Ending (EST)	Interest Calculation Starting Time	Total Amount	Minimum Investment Amount	Individual Hard Cap	Estimated APY
SRK	15 Days	11/23/2020 10:00 AM	11/25/2020 10:00 AM	11/25/2020 10:00 AM	50,000,000 SRK	120,000 SRK	1,200,000 SRK	50%

For example, User A has subscribed for 500,000 SRK with a 15-day lock-up period. According to the above list, after the product matures, the interest earned by user A is 500,000 * 50% * 15/365 = 10,273.9726 SRK.

What is BitMart Lending?

BitMart Lending is a financial product based on digital assets. Each project has its corresponding investment term and yield. After subscription, the principle will be locked, and the interest will be calculated according to the agreed time. After the product matures, the principal and interest will be unlocked and distributed into the user's wallet on the redemption date.

How to use BitMart Lending?

• Each project will have a subscription period and users can subscribe within the period with limited volume, first come first served.
• Please make sure there are enough available funds in the account when subscribing. Our system will calculate the interest of the expected return after redemption according to the subscription volume.
• After the successful subscription, our system will change the status of account assets from available to locked. Users can check the details of the assets held on their assets page.
• When the product matures, it will be redeemed automatically, and the principal and investment return will be paid in once. Users can check the balance status in the assets list, and the income will be notified by SMS or email after distribution. Users may also check it in their distribution records.

Terminology Explanation

• Annualized interest rate: annualized interest rate refers to the rate of return gained during the investment period of one year;
• Subscription cycle: the period from the beginning of subscription to the end of the subscription. If the period of subscription is not over, the product will not be counted into interest calculation;
• Cycle: cycle refers to the time when their assets are locked. During this period, the fund is locked and cannot be traded or withdrawn by the user;
• Total amount / Total subscription amount: it refers to the total amount of financial products issued;
• Time of interest accrual: the time of interest (return) accrual after subscription;
• Expected revenue:  expected revenue refers to the revenue based on known information if there are no unexpected events happened. The platform calculates the income formula with subscription amount * annualized interest rate * lock-up days / 365.
• Redemption date: the ending date of the investment product when the payback automatically returns to the available balance.

Please Note That...

• Only registered BitMart users can subscribe to the products.
• Users will be given 48 hours to subscribe and the lock-up periods of SRK will be 15 days.
• For this lending product, the total available subscription volumes of SRK are 80,000,000 SRK .
• BitMart reserves all rights for the final explanation.

III. Complete Tasks to Win 1 BTC Entry

Details: The 500,000 SRK will be distributed in a reward pool together with other tokens. This part will be used to reward users who complete trading tasks in the whole Thanksgiving Trading Carnival. Users will receive a random amount of SAND with some other tokens, which is similar to a “blind box”.

>>>Enter the “Complete Task to Win 1 BTC” event page click here

>>>Fill out the form to participate click here

Note:

1. By trading SRK on BitMart, users are automatically enrolled in the SRK Net Buying Competition.
2. Users who use multiple accounts to join will not be qualified for any rewards.
3. Rewards will be distributed within 10 business days (not including CN & US national holidays, and weekends) after the competition concludes.
4. All trades that we deem to be “wash trades” will not count towards for this competition. BitMart reserves the right to freeze any suspected accounts.
5. Participation is subject to BitMart User Agreement and the terms and conditions applicable to this Thanksgiving Trading Carnival. Any questions relating to the offer will be resolved in BitMart’s sole discretion and its decisions related to the offer will be final and binding.

ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. BitMart will make its best effort to list only high-quality coins, but will not be responsible for your investment losses.

Thank you for supporting BitMart!

We wish you a Happy Thanksgiving and a joyous crypto holiday season!

BitMart Team

November 20, 2020