VALR Announces 'Solana Summer on VALR” Event With 300 SOL in Rewards and Airdrops

VALR has announced the launch of “Solana Summer on VALR,” a thrilling event running from August 1st to September 31st, 2024.

Cryptocurrency exchange VALR has announced the launch of “Solana Summer on VALR,” an exciting event that will take place from August 1st to September 31st, 2024. This initiative will see a total of 300 SOL being distributed in rewards and lucky airdrops, making VALR the ultimate destination for trading Solana and other Solana ecosystem tokens.

Throughout Solana Summer, VALR will be awarding 300 SOL in rewards and lucky airdrops. One lucky participant will be chosen each day to receive 1 SOL. Top traders will also share in substantial prize pools, based on their rankings in Spot, Futures, and combined volume. In a grand finale, the top five traders by combined volume will split a final reward pool of 100 SOL.

Participation in the event is straightforward and does not require any additional registration. Any user with a fully-verified VALR account can join by simply trading Solana or any SPL-native token available on VALR. Traders will be ranked on a public leaderboard, and rewards will be allocated based on these rankings.

Solana Summer on VALR will also feature various in-person events in South Africa and Asia, as well as special Solana-themed podcasts and online events. These events will showcase key figures from the Solana ecosystem, including opinion leaders and members of the trading community.

The following trading pairs are eligible for the event:

SOL/BTC

SOL/USDT

APE/SOL

RAY/SOL

SXP/SOL

FTT/SOL

UNI/SOL

QUICK/SOL

SAND/SOL

MANA/SOL

Speaking about the event, Ben Caselin, Chief Marketing Officer at VALR, said, “We are excited to bring this Solana Summer activity to our user base. This initiative has been designed with accessibility in mind, ensuring everyone has an opportunity to benefit. Solana Summer on VALR is inclusive of traders of all levels, while also being highly rewarding for top traders.”

Established in 2018, VALR is a global cryptocurrency exchange servicing over 1,000 corporate and institutional clients and more than 700,000 users worldwide. Headquartered in Johannesburg, VALR is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, approved to offer services in Europe, and has received initial approval from Dubai's VARA.

The exchange has secured $55 million in equity funding from notable investors such as Pantera Capital, Coinbase Ventures, and Avon Ventures, which is affiliated with the parent company of Fidelity Investments. Solana Summer on VALR is set to be a landmark event, bringing together traders and enthusiasts from around the world to engage with the Solana ecosystem.

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