The PENGU Trade and Earn campaign is a limited-time opportunity for crypto enthusiasts to boost their holdings by trading and referring others to the OKX platform. Centered around the $PENGU token—linked to the popular Pudgy Penguins NFT collection—this promotion rewards active participation with a massive prize pool. Whether you're a seasoned trader or new to digital assets, this guide breaks down everything you need to know to qualify, participate, and maximize your rewards.
Understanding the PENGU Trade and Earn Promotion
The PENGU Trade and Earn campaign runs from December 18, 2024, at 12:00 PM UTC to January 8, 2025, at 11:59 PM UTC. During this period, eligible users can earn a share of an 80,000,000 $PENGU prize pool by meeting specific deposit and trading volume requirements.
To participate:
- Click “Join Now” on the official campaign page.
- Complete KYC verification.
- Meet both the deposit and trading volume thresholds within the promotion window.
Only fully KYC-verified users in non-restricted jurisdictions are eligible. You can check your verification status directly in your OKX account settings.
👉 Discover how easy it is to start trading $PENGU and boost your rewards today.
Deposit Requirements for Eligibility
To qualify for the Trade and Earn rewards, participants must make a net deposit of at least 100 USDT worth of any cryptocurrency and maintain that balance until the end of the promotion.
Accepted Deposit Methods:
- Crypto deposits via external wallet transfers
- Direct deposits using OKX Wallet (including on-chain deposits)
- Purchasing crypto through the fiat gateway, credit card, or P2P transactions (via P2P Express or Marketplace)
Excluded Methods:
- Internal transfers between OKX accounts
- P2P transactions made using shared links or QR codes
Deposits are valued at the market rate at the time they are recorded. If you deposit multiple eligible assets, their combined value will be used to determine qualification. However, you must keep at least 100 USDT equivalent in your account throughout the entire campaign period.
Trading Volume Criteria
Eligible trading activity includes all trades made on $PENGU trading pairs during the promotion. Your total trading volume will be accumulated across all such pairs.
Key points:
- Only trades executed between December 18, 2024, and January 8, 2025, count.
- Wash trading, spoofing, or any form of manipulative behavior will disqualify participants.
- Transactions that benefit from other OKX promotions (e.g., zero-fee USDC trades) may not count toward this campaign.
Rewards will be distributed within 30 working days after the campaign ends.
Refer and Earn: Invite Friends, Multiply Rewards
In addition to trading rewards, OKX offers a Refer and Earn PENGU incentive. This tiered bonus program allows users to earn additional $PENGU tokens by inviting new traders to join and trade on the platform.
How It Works:
- Successfully refer up to 5 friends.
Each referred user must:
- Sign up via your referral link during the campaign.
- Complete KYC.
- Deposit more than 100 USDT worth of assets.
- Execute trades totaling over 100 USDT in $PENGU.
- The total prize pool for referrals is 20,000,000 $PENGU, allocated on a first-come, first-served basis.
This means early action increases your chances of securing referral rewards before the pool is exhausted.
👉 Start sharing your referral link now and turn connections into crypto rewards.
General Terms and Important Conditions
While the rewards are attractive, it’s essential to understand the rules governing eligibility and disqualification.
Key Rules:
- Only main accounts are eligible; sub-accounts cannot participate.
- Users from restricted jurisdictions (as defined in OKX’s Terms of Service) are excluded.
- Multiple account registrations, fake KYC data, or wash trading will lead to immediate disqualification.
- OKX reserves the right to convert rewards into platform vouchers or USDT if necessary due to regulatory or logistical constraints.
Additionally:
- Prize values may fluctuate due to market conditions.
- All tax liabilities related to received rewards fall on the recipient.
- OKX may modify or cancel the campaign at any time without prior notice.
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These terms reflect common user queries related to token-based promotions, referral incentives, and exchange-specific campaigns.
Frequently Asked Questions (FAQ)
What is the $PENGU token?
$PENGU is a cryptocurrency associated with the Pudgy Penguins NFT project. It enables community engagement, governance, and access to exclusive digital experiences within its ecosystem.
Can I use a sub-account to participate?
No. Only main accounts are eligible for both the Trade and Earn and Refer and Earn components of this campaign.
When will I receive my rewards?
Rewards will be distributed within 30 working days after the campaign ends on January 8, 2025. Make sure your account remains in good standing during this period.
Does P2P trading count toward volume?
Yes—but only if conducted through the official P2P Express or Marketplace. Transactions via shared links or QR codes do not qualify.
Is there a risk of losing money?
Yes. Cryptocurrency trading involves high volatility. While rewards are possible, asset values can drop quickly. Always assess your risk tolerance before trading.
What happens if I withdraw my deposit early?
Withdrawing below the required 100 USDT threshold before January 8, 2025, will disqualify you from receiving any rewards.
👉 Secure your spot in the campaign before it ends—start trading $PENGU now.
Final Thoughts
The PENGU Trade and Earn campaign presents a timely opportunity for users to engage with a trending digital asset while earning substantial incentives. By combining deposit activity, trading volume, and social referrals, OKX has created a multi-layered reward system that benefits both new and experienced traders.
However, success depends on timely action and strict adherence to rules. From maintaining minimum balances to avoiding prohibited trading behaviors, every detail matters. With a total prize pool of 100 million $PENGU tokens across both promotion tracks, early participation significantly improves your reward potential.
Remember: market conditions change rapidly, and digital assets carry inherent risks. Always conduct your own research and never invest more than you can afford to lose. Use tools like stop-loss orders and position sizing to manage exposure while pursuing promotional gains.
By aligning strategic trading with responsible practices, you can make the most of this exciting OKX initiative—turning activity into real value.