[Round 2] Trade & Hold To Earn SFP

Welcome to participate in the Holding Challenges in SFP Airdrop Round 2!

As shared in the official announcement, a 5,000,000 SFP reward pool is allocated in Round 2 to incentivize all participants who complete the Holding Challenges within the SafePal App. Anyone who swaps and holds the requested amount of the requested token for 7 days before January 31st is able to take an exclusive share from the total reward pool. Following is a step-by-step tutorial to teach users how to participate in the reward pool within the SafePal App.

Step 1: Download And Set Up The SafePal App

For Android users, please download the latest version of the SafePal App from the SafePal download page. Then set up the App settings including security password, login pattern, etc.

For iOS users, please read through the instructions on this page before downloading the new V2.5.3 version.

Step 2: Create A SafePal Wallet

If you are using a SafePal S1 Hardware Wallet, you can learn how to set up the wallet from this article

pageSet Up Your SafePal S1 Hardware Wallet In 3 Minutes

SafePal also supports Software Wallet. You can create and set up a SafePal Software Wallet by following the instructions in the following link. Don’t forget to keep your seed phrase in secure locations!

pageHow To Create A SafePal Software Wallet

Step 3: Select A Trade & Hold Challange

Once a SafePal wallet is created, head over to the DApps Store within the App, and click the ‘Claim SFP’ DApp. By entering the DApp, you will be able to see all the holding challenges revealed so far.

In the Holding Challenge section, there are 18 holding tasks such as the Twitter task, the Super Referral Program, the Swap & Hold challenges, and the Trade & Hold challenges. This guide is to guide users through the Trade & Hold To Earn SFP task. In this guide, we will use the BTC task as an example.

Step 4: Trade For The Requested Amount Of A Requested Token Through The Binance Trading DApp Within The SafePal Wallet

Once you have read and understood the requirements of a holding challenge, now it’s time to participate and complete the challenge! In the SafePal App, click the DApp tab at the bottom of the navigation bar, and enter the Binance Trading DApp.

Create a trading order for the holding challenge. In the BTC Trade & Hold Challenge, you will need to trade for 0.006 BTC to enter the holding countdown.

A step-by-step tutorial on how to trade on the Binance DApp can be found here 👇 👇👇

pageTrade On The Binance Trading DApp

Note: The trading order should be completed in ONE order. Separate orders don't count.

Step 5: Hold The Token In SafePal Wallet For 7 Days

Once the order is completed, go back to the ‘Claim SFP’ DApp. Select the right holding challenge, and click ‘Join Now’. Once joined, you will see a 7-day countdown to the final share of the challenge reward pool.

Please note the holding countdown will lose effect if the token balance is below the swapped amount during the holding period. Once the balance is below the limit, you will have to wait until the countdown is refreshed on the countdown page and start holding again for another 7-day cycle.

Step 6: Take Your Share From The 5,000,000 SFP Reward Pool & Wait For Final Distribution

Congratulations holders! Now you have completed a holding challenge, and will be automatically credited with 1 share from the 5,000,000 SFP reward pool. Campaign data will be announced and SFP tokens will be credited to your wallet accounts on February 3rd. Follow SafePal on Twitter or Telegram for the latest announcements and updates!

When will I get my SFP?

The Holding Challenge will be ended on January 31st, 2021. Campaign data will be announced and SFP tokens will be credited to your wallet accounts on February 3rd. The SFP balance credited to your wallet account will be transferred to your BSC address before an exchange listing.

How is my share calculated?

At least 13 partners are participating in the SafePal Holding Challenge. Users can select any tasks to start holding challenge. Each task represents one share of the total SFP reward pool. The more tasks the user completes, the more shares the user can take from the total SFP reward pool.

By the time the campaign is ended on February 31st, all participants who finish the ‘Swap, Hold & Earn’ tasks will share the 5,000,000 SFP reward pool. The SFP amount each participant receives is calculated based on how many participants are sharing the pool and how many tasks the participant completes. The calculation formula is as following:

Single Participant’s SFP Reward = [5,000,000 / Number Of Total Completed Tasks] * Number Of Tasks Completed By The Participant

Disclaimer

Risk Warning

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

No 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. 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.