X Drops Club - General Terms and Conditions (Brazil)
1. About X Drops Club
X Drops Club is an OKX promotional program that allows eligible users to participate in limited-duration campaigns (“Campaigns”) and receive promotional rewards according to each Campaign’s criteria.
Campaigns may use one or more of the following formats:
• Hold to Earn: rewards calculated based on eligible crypto-asset balances held during the applicable calculation periods.
• Trade to Earn: rewards calculated based on eligible trading volume generated during the applicable period.
• Fixed-reward tasks: predetermined rewards for eligible users who complete specified tasks, subject to availability and participant limits.
Each Campaign will have a dedicated page specifying, among other defining elements, the period, eligible audience, included assets and activities, reward pool, caps, multipliers, qualification criteria and distribution schedule, as the case may be and subject to adjustments (“Campaign-Specific Rules”).
2. Acceptance of Terms
By clicking “Join Campaign,” the user confirms that they have read and accepted these General Terms and Conditions; accepts the Campaign-Specific Rules; agrees to the Terms of Service, Privacy Notice and Risk Disclosure applicable to the OKX entity with which their account is registered; and authorizes OKX to conduct the operational and risk checks required for participation and reward distribution.
If there is a conflict, the Campaign-Specific Rules prevail over these General Terms and Conditions solely in relation to that Campaign. The applicable Terms of Service continue to prevail over both, Campaign-Specific Rules and General Terms and Conditions, where there is a conflict.
3. Eligibility
Unless the Campaign-Specific Rules state otherwise, participation requires the user to:
• be a customer of the OKX entity providing services in Brazil (“OKX”) and belong to the eligible user group;
• successfully complete the identity verification required by OKX;
• use an active, unrestricted main account;
• reside or be registered in the jurisdiction stated on the Campaign page;
• satisfy any additional requirements displayed on the Campaign page; and
• pass the risk checks conducted at enrollment, during the Campaign and before distribution.
Sub-accounts are not eligible unless expressly stated otherwise, and their balances or activities will not be aggregated with the main account. Employees, contractors, institutional accounts, market makers or other categories may be excluded under the Campaign-Specific Rules or applicable internal policies.
4. Enrollment
Enrollment is not automatic. The user must visit the X Drops Club page, select the relevant Campaign and click “Join Campaign.” Each Campaign requires separate enrollment.
Unless expressly stated otherwise, balances, deposits, trades or other activities completed before enrollment will not count. Participation is subject to Campaign availability, satisfaction of eligibility criteria and risk approval.
5. Hold to Earn
When a Campaign uses Hold to Earn:
• rewards are calculated according to the participant’s eligible balance relative to the total eligible balance of all participants;
• the Campaign page will identify included and excluded assets, the minimum value, the maximum balance cap and the reference currency;
• snapshots may occur at specified or random times within the stated period;
• a participant below the minimum balance at the snapshot will not receive a reward for that calculation;
• balances above the applicable cap will not be counted; and
• price movements may change the eligible balance value between snapshots.
The formula, snapshot frequency and distribution schedule will be defined in the Campaign-Specific Rules.
6. Trade to Earn
When a Campaign uses Trade to Earn:
• only eligible trading volume generated after enrollment counts;
• eligible products, pairs, assets and transaction types will be identified on the Campaign page;
• zero- or negative-fee transactions, zero-markup pairs, stablecoin-to-stablecoin trades, stablecoin-to-fiat trades, wash trading and other excluded activities do not count;
• volume may be converted into a reference currency using the applicable price at the time of the transaction;
• multipliers may apply to specified assets, products or user categories; and
• minimum qualifying volume and per-user reward caps may apply.
Unless the Campaign-Specific Rules state otherwise:
Participant reward = (participant’s adjusted eligible volume ÷ total adjusted eligible volume of all participants) × applicable pool.
A multiplier changes the weight of volume for pool allocation; it does not constitute yield, a guaranteed return or appreciation of the underlying asset.
7. Fixed-Reward Tasks
A Campaign may offer fixed rewards to users who satisfy specified criteria, including registration date, absence of a first trade or completion of deposit and trading tasks.
Such rewards may be limited to a specified number of users, allocated in order of valid completion, end when the quota is reached, require all tasks to be completed after enrollment unless otherwise stated, and remain subject to risk review before distribution.
Internal deposits, transfers between related accounts, reversed amounts and other excluded movements will not count where the Campaign-Specific Rules require an external net deposit.
8. Calculation and Distribution
The pool may be divided into daily amounts or other calculation periods.
Rewards shown before settlement are estimates and may be adjusted following updates to trading or balance data; cancellation, reversal or correction of transactions; application of caps; removal of ineligible activity; risk review; or correction of technical or operational errors.
Approved rewards will be credited automatically to the account specified on the Campaign page. Timing may vary by Campaign and applicable checks.
9. Prohibited Conduct
OKX may disqualify a participant, remove eligible activity, withhold or cancel rewards and restrict the account if it identifies, among other things: multiple accounts or bulk registrations, by sharing devices, for example; use of another person’s account or identity; false or misleading verification information; wash trading, self-trading or artificial volume manipulation; abuse of errors, automation or promotional mechanisms; collusion between accounts; transactions without a legitimate economic purpose; or any illegal, fraudulent or harmful activity.
OKX may request additional information. A successful review or appeal may restore eligibility, progress or a reward where technically possible.
10. Changes, Suspension and Termination
To the extent permitted by applicable law, OKX may change, suspend, extend or terminate a Campaign, including its criteria, schedule, pools, multipliers and caps, where necessary for legal, regulatory, operational, technical, security or market reasons.
Material changes will be communicated through channels considered appropriate.
11. Taxes and Expenses
The participant is responsible for determining and satisfying any tax obligations relating to rewards. Applicable taxes, fees, conversion costs and other expenses are the participant’s responsibility unless the law requires otherwise.
12. Risks and No Advice
X Drops Club is a promotion. Rewards are promotional distributions from predetermined pools and do not constitute yield, interest or investment returns.
This material is not financial, legal, accounting or tax advice, nor an offer, recommendation or solicitation to buy, sell or hold crypto assets. Crypto assets are volatile, may lose some or all of their value and may not be suitable for every user. Participation does not remove the risks associated with trading or holding crypto assets.
13. Liability
Nothing in these Terms excludes liability that cannot legally be excluded.
To the extent permitted by applicable law, OKX is not liable for losses arising from price volatility; temporary service unavailability; delays caused by risk reviews or external factors; incorrect information provided by the participant; or failure to comply with these General Terms and Conditions, the Campaign-Specific Rules or the Terms of Service.
14. Privacy
Personal data will be processed under the applicable Privacy Notice. OKX may process identity, account, balance, trading, deposit, device and risk data to administer the Campaign, prevent fraud, distribute rewards and meet legal obligations.
15. Law, Entity and Language
Responsible entity: OKX Serviços Digitais Ltda..
Terms of Service: https://www.okx.com/en-br/help/terms-of-service.
Privacy Notice: https://www.okx.com/en-br/help/privacy-policy-statement.
Risk Disclosure: https://www.okx.com/en-br/help/risk-compliance-disclosure.
Governing law and forum: These General Terms and Conditions shall be governed by Brazilian law, and the courts of the Judicial District of São Paulo, State of São Paulo, shall have jurisdiction, without prejudice to any rights and venues legally afforded to consumers..
Prevailing language: In the event of any discrepancy between the Portuguese and English versions of these General Terms and Conditions, the Portuguese version shall prevail..
16. Contact
Questions about eligibility, calculations or distribution should be directed to OKX Customer Support through official channels.