Comment on page
Terms and Conditions for Loyalty Program and Locked Staking
- 1.Loyalty level will be determined based on the amount of $PARAS locked staking.
- 2.Users who stake $PARAS without locking it will be considered Bronze level.
- 3.During the determined raffle registration period, Silver, Gold, and Platinum members will have a chance to sign up and enter an exclusive raffle.
- 4.Silver, Gold, and Platinum members can log in to Paras Marketplace, and sign up for the exclusive raffle through a pop-up banner on Paras homepage or a raffle registration notification.
- 5.Silver, Gold, and Platinum members must click ‘Sign Up’ on the pop-up banner or the notification box to join the exclusive raffle.
- 6.Silver and Gold members who top up their locked staking and level up during the raffle registration period are eligible to re-register for the higher level raffle. If they do not sign up for the new level, they will be automatically enrolled in the previous level (Silver or Gold).
- 7.1 (one) user can only win 1 (one) raffle prize per month.
More details about locked staking:
- 1.Locked staking does not allow users to unlock before the end date of the locked staking period.
- 2.When users top up the locked staking amount, the period will be reset.
- 3.When users do not unstake their $PARAS after the locked staking period ends, the $PARAS will automatically move into flexible staking within 1x24 hours after the locked staking period ends.
- 4.Users can do locked staking without reducing their $PARAS on the flexible staking by using the remaining $PARAS in their wallet.
- 5.Users can directly put the existing $PARAS in their wallet into locked staking without joining the flexible staking.
- 6.The amount of 'Claimable Rewards' on the staking page is an accumulation of flexible staking and locked staking rewards. Users can claim the rewards without unlocking $PARAS.
- 7.By participating in this program, you agree to the Terms & Conditions of Paras Loyalty.
- 8.The terms and conditions of this program are subject to changes at any time without prior notice.
- 9.Paras’ decision regarding the raffle and the winner list is considered final and cannot be appealed nor contested.