Announcements CandyDrop x Velvet (VELVET): Share 1,000,000 VELVET in Trading

CandyDrop x Velvet (VELVET): Share 1,000,000 VELVET in Trading

2025-07-10 10:26:06 UTC 53938 Read

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CandyDrop is an airdrop platform launched by Gate, where users can win candies by completing tasks and participate in token airdrop distributions. We are now excited to introduce the VELVET token airdrop event! By completing the tasks below, you can earn candies and share in a total prize pool of **1,000,000 VELVET**. The maximum amount a single user can receive is 5,000 VELVET. Details are as follows:

- First spot trade, fixed prize pool: 300,000 VELVET, fixed reward of 1,000 VELVET per person
- Spot trading, Candy reward pool: 400,000 VELVET, individual limit 2,000 VELVET
- Alpha trading, Candy prize pool: 300,000 VELVET, individual limit 2,000 VELVET
- Candy Airdrop calculation formula: (individual candy amount / total candy amount of all users) × reward pool

**Event time: July 10, 2025 12:00 - July 17, 2025 12:00 (UTC)**

<div style="text-align: center;"><a data-type="Gate-activity" rel="" href="https://www.gate.com/candy-drop/detail/VELVET-81" target="_blank" style="text-decoration: none !important;display: inline-block;" data-index="1"><div class="Gateactivity-btn-style" style="width: 240px;height: 40px;box-sizing: border-box;padding: unset;border-radius: 99px;display: inline-flex;align-items: center;justify-content: center;background: #3377FF;cursor: pointer;"><strong><span style="color:#fff; text-decoration: none;">Participate now</span></strong></div></a></div>

**1. Spot first trading, fixed prize pool rules:**
After joining Gate, users who complete their first spot trading and have a VELVET spot trading volume of ≥ 2,000 USDT will receive a fixed reward of 1,000 VELVET on a first-come, first-served basis, with a total prize pool of 300,000 VELVET, which will be distributed after the event ends.

**2. Spot trading, Candy prize pool rules:**
During the event period, users with a cumulative VELVET spot trading volume (buy + sell) ≥ 5,000 USDT will receive Candy rewards, sharing a prize pool of 400,000 VELVET. Each user can receive a maximum of 9 Candies, with a single user able to receive up to 2,000 VELVET. The reward rules are as follows:

- VELVET trading volume ≥ 5,000 USDT: 1 Candy
- VELVET trading volume ≥ 7,000 USDT: 3 Candies
- VELVET trading volume ≥ 10,000 USDT: 5 Candies

**3. Alpha trading, Candy prize pool rules:**
During the event period, trade VELVET tokens on Gate with a cumulative volume (buy + sell) ≥ 200 USDT to receive Candy rewards, sharing a prize pool of 300,000 VELVET. The maximum reward per individual is 2,000 VELVET, and each user can receive up to 3 Candies. The reward rules are as follows:

- VELVET Token trading volume ≥ 200 USDT: 1 Candy
- VELVET Token trading volume ≥ 300 USDT: 2 Candies

**Project Introduction:**

Velvet is a DeFAI Operating System streamlining onchain research, trading & portfolio management. Velvet app is live on BNB Chain, Base, Solana, Ethereum & Sonic with 100k+ users trading & executing DeFi strategies. It's multi-agent AI Co-Pilot integrated into the app to help discover, analyze & execute new opportunities using natural language. Velvet infrastructure also allows others to create tokenized DeFi strategies & manage them via UI or APIs with 10k+ vaults already created by KOLs, traders & crypto hedge funds.

**Note:**

1. Participants must click the "Join" button on the event page. After successfully joining the event, complete the event tasks and identity verification to receive rewards.
2. Rewards will be distributed to users' accounts within 14 working days after the event ends, with a total reward of 1,000,000 VELVET.
3. It is strictly prohibited to register multiple small accounts in bulk, engage in malicious wash trading, self-buying and selling, mutual matching, and other cheating behaviors. Multiple accounts of the same verified user will be regarded as the same account. Sub-accounts cannot participate in activities.
4. Market makers, enterprises, and institutions are not allowed to participate in this event. Agent accounts cannot participate in friend invitation activities, while other activities are unrestricted.
5. In case of any discrepancies between the translated version and the English version, the English version shall prevail.
6. Gate has the final interpretation right for this event.
7. Users in restricted areas may not be able to use all or part of the services (including participation in this event, game, or competition). For detailed information on restricted areas, please read. <a href="https://www.gate.com/user-agreement" target="_blank">User Agreement</a>。
8. Risk Warning: Users must be aware that virtual coin trading is influenced by various factors such as the market and policies. The market is highly volatile, and fluctuations are difficult to predict. Please pay attention to market risks and trade cautiously.

<sp>
Gate Team
July 10, 2025
<sp>
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CandyDrop x Velvet (VELVET): Share 1,000,000 VELVET in Trading

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