Solana Summer Kicks Off on VALR with 300 SOL in Prizes

VALR has announced the launch of “Solana Summer on VALR,” a thrilling event running from August 1st to September 31st, 2024. This initiative will distribute a total of 300 SOL in rewards and lucky airdrops, making VALR a prime destination for trading Solana and other Solana ecosystem tokens.

During Solana Summer, VALR will hand out 300 SOL in rewards and lucky airdrops. Each day, one lucky participant will receive 1 SOL. Top traders across Spot, Futures, and combined volume rankings will share significant prize pools weekly. In the event’s grand finale, the top five traders by combined volume will split a final reward pool of 100 SOL.

Joining the event is simple and requires no additional registration. Any user with a fully-verified VALR account can participate by trading Solana or any SPL-native token available on VALR. Traders will be ranked on a public leaderboard, with rewards distributed based on these rankings.

Special Events and Engagement Opportunities

Solana Summer on VALR will coincide with various in-person events in South Africa and Asia, along with special Solana-themed podcasts and online events. These events will feature notable figures from the Solana ecosystem, key opinion leaders, and the trading community, providing participants with valuable insights and opportunities. The following are the eligible trading pairs:

• Spot: SOL/USDC, SOL/USDT, SOL/ZAR, JUP/USDT, BOME/USDT, PYTH/USDT, W/USDT, WIF/USDT
• Simple Buy/Sell: NEON, JITO, SOL, JUP, BOME, PYTH, W, WIF, BONK
• Futures: SOL/USDT-perp, 1MBONK/USDT-perp, WIF/USDT-perp

Ben Caselin, Chief Marketing Officer at VALR, expressed enthusiasm for the event, stating, “We are excited to bring this Solana Summer activity to our user base. This initiative was organized 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 catering to 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, affiliated with Fidelity Investments’ parent company. 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.