Received an email from Blockchain.com today on this deal.
What is cEUR?
Euro stablecoin on the Celo network.
How to Participate:
Step 1: Buy €25 cEUR or more using your Blockchain.com Wallet by February 11, 2022.
Step 2: Get your €10 cEUR bonus airdropped into your account by March 11, 2022.
Step 3: In the meantime, move your cEUR to a Blockchain.com Rewards Account to earn up to 16% annually.
Bonus will arrive on or around March 11, 2022.
Terms and Conditions:
These Promotion Terms are an agreement between you and Blockchain Access UK Ltd ("Blockchain.com"). Blockchain.com’s Celo & Blockchain.com cEUR Promotion (the "Promotion") shall consist of a bonus pool allocated to the €10 cEUR Bonus (the "Bonus", and such pool the "Bonus Pool"). The Promotion, with respect to the Bonus, shall run until the Bonus Pool has been exhausted or until February 11, 2022 at 11:59 PM PST, whichever occurs earlier (the "Promotional Period").
To be eligible for the Bonus under the Promotion, you must sign up for a Blockchain.com Wallet, verify your account to Gold level, and make a qualifying purchase of at least €25 cEUR using your Blockchain.com Wallet ("Eligible Participants"). Eligible Participants who make a Qualifying Purchase during the Promotional Period shall receive €10 cEUR (the "Bonus"). The Bonus shall be deposited directly into your Blockchain.com account beginning on or around March 11, 2022.
You are solely responsible for all expenses related to the Bonus, including without limitation, any and all local, state, and federal taxes.
Blockchain.com reserves the right to cancel, extend, suspend, or modify the Promotion at any time, in its sole discretion. In addition, Blockchain.com reserves the right to review any account or transaction related to this Promotion and delay or reverse completion of the Promotion, in its sole discretion. By entering the Promotion, you represent and warrant that you are eligible to participate based on the requirements set forth above. By participating in the Promotion, you agree to these Promotion Terms. The Promotion is subject to local laws and regulations and is void where prohibited.
I have confirmed the following with support:
- this deal is eligible to existing users who had received the targeted email or new users.
- Step 3 in transferring 25 cEUR to the Rewards Account is optional. You can keep the 25 cEUR in the Trading Account and still be eligible for the 10 cEUR bonus. (Note there is a minimum transfer amount of US$100 from the Trading to Rewards Account).
- you need to keep the 25 cEUR in the account until March 11 to be eligible for the 10 cEUR bonus.
Notes:
- there is a fee of about 5% purchasing cEUR using fiat from your linked bank account (so make sure you transfer an extra 5% on top of the minimum 25 cEUR).
- once you get your bonus, you can trade it to low gas/network fees coins like XLM. Trading fee is 0.4% for lowest trading volume category (https://exchange-support.blockchain.com/hc/en-us/articles/36…).
- the last time I transferred out XLM, it costs me 1 XLM (which currently is worth US$0.20) for gas/network fee.
- still a profit if you purchase an amount close to 25 cEUR.
But are they REAL EURO stable COINS ?