Dear user,
Welcome to participate 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 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. To use this feature, please kindly download the SafePal App first.
Step 1: Download And Set Up The SafePal App
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.
Step 2: Create A SafePal Software Wallet
Create and set up a SafePal Software Wallet by following the instructions via this link.
Don’t forget to keep your seed phrase in secure locations!
Step 3: Select A Holding 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. There will be 13 holding challenges in total and everyday SafePal will announce 2-3 new challenges through our Twitter and Telegram. Select the challange that you want to join, and read through the instructions.
Here is an example of the BNB holding challenge.
Step 4: Swap The Requested Amount Of A Requested Token Through SafePal Swap Feature
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 Swap tab at the bottom of the navigation bar, and create a swap order for the holding challenge. A swap order will usually be completed in 15-30 minutes. Please wait patiently for the swap process. The holding amount of token depends on the quantity filled in at the time of swap. A step-by-step swap tutorial can be found here.
Step 5: Hold The Token In SafePal Wallet For 7 Days
Once the swap 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!
FAQ
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 exchange listing.
How is my share calculated?
15-18 partners are participating 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 1st, 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. Calculation formula is as followed:
Single Participant’s SFP Reward = [5,000,000 / Number Of Total Completed Tasks] * Number Of Tasks Completed By The Participant
My swap order is stuck. What should I do?
Swap orders might take longer when the following cases happen:
- Extreme market volatility
- Blockchain network congestion
For the first situation, your swap order might have been failed due to extreme volatile market situation and the order slippage could have exceeded the limit. In this case, please go to your swap orders, select the order that you want to process, choose whether you want to continue the order or apply for a refund, enter the security password and confirm the execution.
For the second situation, please wait patiently for the order to get through. Rest assured that the SafePal Holding Challenge will last until January 31st, hence you have sufficient time to swap and hold the asset in the wallet.
Does SafePal Swap charge any fee?
SafePal charges 0.3% service fee upon each swap order.
Follow SafePal on Twitter (https://twitter.com/iSafePal) or join the SafePal Telegram group (https://t.me/SafePalWallet) for the latest updates & announcements. For product inquiries, please visit www.safepal.io to submit a request.
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.
