Does SafePal's Collaboration with Jasper Vault Put Users at Risk?

Does SafePal’s Collaboration with Jasper Vault Put Users at Risk?

Summary: SafePal launches an exclusive giftbox campaign in collaboration with Jasper Vault, offering USDT trading credits to users from August 6-13, 2024. Participants can earn rewards by completing tasks, with top performers receiving additional USDT prizes. Jasper Vault aims to revolutionize DeFi options trading with high-leverage, no-liquidation risk options. The campaign emphasizes transparency, community engagement, and offers support via SafePal’s Discord community. SafePal also outlines its rights to disqualify participants and provides disclaimers regarding investment advice and third-party endorsements.

SafePal x Jasper Vault Giftbox Exclusive

Dear SafePal community,

SafePal is thrilled to announce the launch of a giftbox campaign as part of collaboration efforts with Jasper Vault, a peer-to-peer interoperable options protocol from 6th-13th August, 9 AM UTC,2024

The campaign will provide exclusive benefits for SafePal users in the form of trading credits (USDT) which can be used on Jasper Vault.

To get started, download the SafePal App here and visit the Questhub section to participate and learn more. 

Giftbox Rewards and Requirements:

Reward 1:  $20,000 USDT Trading Credit Reward Pool

The first 2,000 users who complete all Giftbox tasks will be eligible for 10 USDT trading credit, which will expire at the end of the campaign. Users will receive the 10 USDT trading credit within 15 minutes of completing all the tasks.

Reward 2: Top 5 Leaderboard Reward

  • 1st Place: 500 USDT
  • 2nd Place: 300 USDT
  • 3rd Place: 200 USDT
  • 4th Place: 150 USDT
  • 5th Place: 100 USDT

The top 5 users in the SafePal leaderboard will receive their rewards within 48 hours of the end of the campaign. Jasper Vault will send the rewards to the wallet address which was used to participate in the Giftbox campaign. Check the SafePal leaderboard here.

Reward 3: Additional Perks

Users trading for at least 3 days during the campaign will receive 5 USDT worth of trading credit within 48 hours after the campaign ends.

Jasper Vault will distribute the rewards to the wallet address which was used to participate in the Giftbox campaign and winners can still use the trading credit after the campaign through Jasper Vault Dapp on SafePal Dapp Center.

More about Jasper Vault: 

Jasper Vault is a peer-to-peer interoperable options protocol. Their mission is to revolutionize the DeFi options space by making Zero Days to Expiration (0DTE) options simpler, safer, and more efficient to trade than ever before – making 0DTE Options for the 99%.

Jasper Vault’s 0DTE Options gives users up to 300x leverage with no liquidation risk on WBTC, dlcBTC, ETH, ARB, and wSOL options – much higher than 100x leverage offered by perps today.

FAQs

1. How to trade in Jasper Vault?

Here is a guide for trading in the Jasper Vault. Please note that if you are the first 2000 participants who complete all Gfitbox tasks you will get 10 USDT trading credit automatically and do not need to pay the option premium with your own USDT, and still can earn the profit until you run out of the 10 USDT trading credit.

2. Where to check the trading credit?

The first 2,000 participants, after finishing all tasks and seeing three green check marks in the Giftbox, can click the link in the final task to get reward 1 by connecting the SafePal wallet. You will get 10 Jasper Vault trading credits within 15 minutes.

To check the credit, go to the “Asset” section and find the “Trading Credit” column.

3. Where to check the leaderboard?

After completing the Giftbox, users can enter the campaign page via the link provided on the final task, and then follow the guidelines below to find the leaderboard and earn reward 2 and 3 during the campaign.

4. How is the leaderboard ranked?

All eligible participants will be first ranked by the number of trading days during the campaign, followed by  the total option premium contributed during the campaign. The leaderboard is updated every 5 minutes. You can check your ranking on the SafePal leaderboard here.

5. How can I ask for assistance?

For any questions or problems regarding this activity, please go to the SafePal Discord community and raise your enquiries in the #WHO-AND-EVENTS channel here.

Full Disclaimer

Activity Rules
SafePal reserves the right to disqualify participants that are deemed to be spammers or illegally bulk-registered accounts, as well as activities that display attributes of exploitation or market manipulation.

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

Not Investment Advice

This activity does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you.

Cryptocurrency investment is subject to high market risks. Please invest cautiously. SafePal will not be responsible for any investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities.

Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Non-Endorsement

The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal.

Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.

About SafePal:

Founded in 2018, SafePal is a comprehensive crypto wallet suite backed by industry leaders such as  Animoca Brands, Binance and Superscrypt. SafePal empowers users to own their crypto adventure by accessing opportunities securely in the decentralized world via its hardware wallet, mobile app, and browser extension wallet solutions.

The SafePal platform serves over 13 million users globally across 200+ regions and countries, supporting 15 languages, 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools, and even a CeDeFi banking gateway and Visa card for users.

SFP is a decentralized BEP-20 and ERC-20 utility token serving as the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs.Stay informed about SafePal here

Link: The post “SafePal x Jasper Vault Giftbox Exclusive” first appeared on SafePal.

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