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Understanding Unstable Coin (USDUC)

Unstable Coin (USDUC) introduces a new paradigm in cryptocurrency by thriving on market volatility. Essentially, it is a “reverse stablecoin” that invites traders to embrace the unpredictable nature of crypto assets. Rather than being pegged to stable assets, USDUC allows for dynamic price movements, appealing to those who enjoy the excitement of the crypto market.

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The vision behind USDUC is ambitious; the goal is to capture a significant share of the expanding stablecoin market, predicted to grow from $300 billion to $1 trillion. Community engagement is key, fostering a token ecosystem that grows through active participation, making it available for trading on platforms like Kraken with USDUC/USD pairs.

USDUC x Kraken Event Overview

In a collaborative effort with Kraken exchange, Unstable Coin is hosting an enticing giveaway of 3 million USDUC. This competition is set to conclude on February 15, 2025, at 00:00 UTC, offering two distinct ways for participants to join in: through social media engagement or trading activities.

Option 1 – Social Media Engagement:

  • Total prize pool: 1 million USDUC
  • Number of winners: 5,101 participants
  • Grand prize: 100,000 USDUC (awarded to 1 winner)
  • Second tier: 4,000 USDUC each (awarded to 100 winners)
  • Third tier: 100 USDUC each (awarded to 5,000 winners)

Option 2 – Trading Challenge:

  • Total prize pool: 2 million USDUC
  • Top 5 traders receive prizes
  • First place: 800,000 USDUC
  • Second place: 500,000 USDUC
  • Third place: 300,000 USDUC
  • Fourth place: 200,000 USDUC
  • Fifth place: 200,000 USDUC

To qualify, participants are required to have an active Kraken account that is KYC-verified and remain followers on social media for 90 days post-competition.

How to Join the USDUC x Kraken Competition

Option 1: Engage on Social Media

Step 1: Create or access your Kraken account

Step 2: Complete the KYC verification process on Kraken

Step 3: Go to the competition webpage

Step 4: Follow @Kraken on X (Twitter)

Step 5: Follow @USDUC_Official on X

Step 6: Share your Kraken Public ID

Step 7: Input your USDUC deposit address on Kraken

Option 2: Participate in the Trading Challenge

Step 1: Ensure your Kraken account is KYC verified

Step 2: Purchase USDUC on Kraken or transfer from another wallet

Step 3: Trade the USDUC/USD pair on Kraken or Kraken Pro

Step 4: Register at unstable.fi/krakenatcomp

Step 5: Provide your Kraken Public ID

Step 6: Enter your USDUC deposit address on Kraken

Step 7: Maintain active trading for the duration of the competition

To find your Kraken Public ID, click on “Account” in your dashboard and copy the Public ID. For your USDUC deposit address, find USDUC on Kraken, select “Deposit,” and copy the address from there.

Strategies for Maximizing Your Rewards

  • Sign up early to allow ample trading time for Option 2 participants.
  • Engage in both competition options to enhance your winning chances.
  • Consider that trading volume comprises both buy and sell transactions in the trading competition.
  • Maintain your follows on X for 90 days after the competition to remain eligible for rewards.
  • Keep an eye on the leaderboard for tracking your performance.

Common Questions Answered

When does the USDUC Kraken competition conclude?

The deadline for completion of the competition is February 15, 2025, at 00:00 UTC. All registration and trading actions must be finalized by this time.

Is it possible to participate in both options at once?

Absolutely. Participants have the flexibility to enter both the social engagement and trading challenges to maximize their chances of winning.

What if I unfollow the required accounts?

It is important to maintain follows of both @Kraken and @USDUC_Official for 90 days after the competition ends. Failure to do so before the designated period will disqualify you from receiving rewards.

How is trading volume calculated in Option 2?

Trading volume includes all buy and sell transactions of the USDUC/USD pair during the competition timeframe on Kraken or Kraken Pro.

Do I need to already own USDUC to sign up?

For Option 1 (social engagement), a verified Kraken account and a USDUC deposit address are all that is required. For Option 2 (trading), you will need to obtain USDUC to participate in trading activities.

Final Thoughts

The Unstable Coin x Kraken competition represents an exciting opportunity, featuring 3 million USDUC in rewards through both social media interaction and trading activities. With prizes that vary from 100 USDUC to an impressive 800,000 USDUC, participants can find multiple avenues that suit their preferences.

Be sure to finish your KYC verification on Kraken, follow both accounts on X, and consider trading within the USDUC/USD pair before the cut-off date of February 15.

Are you seeking more innovative projects without tokens yet but could be offering governance tokens to early users in the future? Explore our comprehensive list of potential retroactive airdrops to stay ahead in the DeFi landscape!

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Charlie Garcia
Research Analyst

Charlie is a dedicated blockchain researcher with a strong passion for exploring emerging technologies and Web3 innovations. At Bitrabo, he focuses on conducting in-depth research on new crypto projects, token utilities, and protocol mechanisms.