Gate.io, one of the larger crypto exchanges out there, has announced a bitSmiley (SMILE) Listing Carnival, where traders and newbies alike can share in $20,000 of rewards. This limited-time event will be dedicated to both trading and referrals. There are several pools of rewards that will give more power to the newly listed trading pair, SMILE/USDT.

The bitSmiley Listing Carnival started on November 6, 2024, and it will end on November 13, 2024, at 17:59 UTC. In Gate.io’s campaign, the direction has been put on increasing trading activity and the user base by providing huge rewards to both new and existing participants.

Trading Rewards for SMILE Traders

The first reward category is Trading Rewards, and for the SMILE traders, it has allocated $10,000. Participants in the event need to make at least $100 in SMILE spot trades during the event period.

Its prize pool will be shared among all the qualified users according to their SMILE trading volume.

Gate.io calculates the trading volume by adding the buy volume and sell volume to ensure a fair distribution of the rewards based on the individual contribution of trading by the users.

Newcomer Rewards for Deposits and Referrals

The second component is the Newcomer Reward, basically for encouraging new registrations and deposits. Gate.io has set up a $7,000 reward pool for newcomers who deposit at least $10 in SMILE or the specified cryptocurrencies like BTC, ETH, USDT, USDC, and SOL. Deposits will be rewarded according to net deposit volume.

Additionally, users who invite new members can also share in a $3,000 referral reward pool. They need to finish the identity verification and register for the event to constitute qualified referrals. The mechanism encourages users to invite friends and associates to widen the community of Gate.io.

Participation Rules and Key Information

To join the bitSmiley Listing Carnival, users will need to fill out the form on the official Gate.io site with their identity for a reward. Rewards will be given in a total of $20,000 within 14 working days after the end of the campaign. The reward will be in Gate.io Points, which is valid for 30 days.

Gate.io hereby reminds all users that fraud is strictly prohibited. Anyone who provides false identity information, registers more than once, or creates fraudulent trading volumes will be subject to account closure and further action.
There can only be one account per user, based on the actual owner of the account. Trading volume created by subaccounts belonging to the same owner will not be counted.

Eligibility and Restrictions

Gate.io further indicates that this is not for users in restricted areas, which include the United Kingdom. The terms, restrictions, and eligibility of the event are fully outlined in the user agreement of Gate.io and on their website.

By offering such an exciting Gate.io bitSmiley Listing Carnival, Gate.io is set to go full throttle with upgraded trading activity by ensuring community growth through rewards, driving further interest in the market presence of the SMILE token.

Please Read: Gate.io to Launch GOATS Token Pre-Market OTC Trading