HBAR Trading Challenge 2026
1. Sponsor
This promotion ("Promotion") is sponsored by Tulip HoldCo Ltd., known as Kraken ("Sponsor" or "Kraken"), located at 2nd Floor, Water's Edge Building, Wickhams Cay II, Road Town, Tortola, British Virgin Islands.
Rewards under this Promotion will be paid by Tulip HoldCo Ltd. or an affiliate of Tulip HoldCo Ltd. acting on its behalf.
By participating in the Promotion, you agree to these Official Rules and the Kraken Terms of Service applicable to your jurisdiction of residence (see Section 13 below), which together form a binding contract between you and the Sponsor. Please read them carefully before entering.
2. Overview
The HBAR Trading Challenge 2026 is a promotional incentive designed to reward eligible Kraken users for executing HBAR spot trades on Kraken Pro during the Promotion Period.
The Promotion features a milestone-based prize pool. The prize pool begins at 200,000 HBAR and increases as Community Trading Volume (defined in Section 6) reaches set milestones, up to a maximum of 2,300,000 HBAR.
This Promotion is not a sweepstakes or game of chance. No random drawing or alternative method of entry applies. Rewards are determined solely by participants' HBAR trading volume rank relative to all other eligible participants and by the final prize pool, as described below.
3. Eligible Areas
The Promotion is open to eligible customers residing in the United States (excluding Florida, Maine, New York, Rhode Island, and Washington), and other jurisdictions where Kraken services are available.
Residents of the United Kingdom, Canada, and Australia are not eligible to participate.
Void where prohibited.
4. Eligibility
To participate, you must:
- Reside in an Eligible Area listed above;
- Enroll in the Promotion as described in Section 6; and
- Agree to these Official Rules and the Kraken Terms of Service.
Kraken reserves the right to verify all eligibility requirements and may disqualify participants found in violation of these Rules or applicable laws.
5. Promotion Period
The Promotion begins at 11:00 UTC on October 5, 2026 and ends at 23:59 UTC on November 5, 2026. All qualifying trades must be executed during this period to be eligible.
6. How to Participate
From the Kraken Pro app:
- Open the latest version of the Kraken Pro app.
- Tap More in the bottom navigation bar.
- Under Promotions, tap Promos.
- Scroll to the Competitions section and tap See all.
- Tap HBAR Trading Challenge.
- Tap Enroll Now.
To enroll on web (Kraken Pro):
- Go to Kraken Pro in your browser.
- In the top menu, click Loyalty.
- Select the Trading competitions tab.
- Select SomeName Trading Challenge.
- Click Enroll now.
Participants must enroll before trading. Only trades executed after a participant has enrolled will count toward that participant's trading volume and toward Community Trading Volume.
To participate in the Promotion and qualify for a Reward, eligible participants must trade a minimum of 2,500 HBAR during the Promotion Period. Qualifying trades are non-margin HBAR spot trades on Kraken Pro. Margin trades and Instant Buy trades are not qualifying trades. Only spot trading is required to participate.
Prize pool milestones
The prize pool begins at 200,000 HBAR and increases when Community Trading Volume reaches each milestone below. The final prize pool is the highest milestone unlocked by the end of the Promotion Period. Once a milestone is unlocked, it remains unlocked.
|
Milestone |
Prize pool |
Unlocks when Community Trading Volume reaches |
|
1 |
200,000 HBAR |
Available from the start of the Promotion Period |
|
2 |
500,000 HBAR |
1,800,000,000 HBAR |
|
3 |
800,000 HBAR |
2,500,000,000 HBAR |
|
4 |
1,200,000 HBAR |
3,500,000,000 HBAR |
|
5 |
1,700,000 HBAR |
4,800,000,000 HBAR |
|
6 |
2,300,000 HBAR |
6,300,000,000 HBAR |
"Community Trading Volume" means the combined HBAR spot trading volume, executed on Kraken Pro during the Promotion Period after enrollment, of all participants who meet the minimum trade volume requirement of 2,500 HBAR.
Rewards by rank
Each participant's Reward is determined by their HBAR trading volume rank relative to all eligible participants during the Promotion Period and by the final prize pool. Rewards are allocated as follows (all amounts in HBAR):
|
Tier |
Rank |
200,000 pool |
500,000 pool |
800,000 pool |
1,200,000 pool |
1,700,000 pool |
2,300,000 pool |
|
1 |
1 |
20,000 |
50,000 |
80,000 |
120,000 |
170,000 |
230,000 |
|
2 |
2 |
12,000 |
30,000 |
48,000 |
72,000 |
102,000 |
138,000 |
|
3 |
3 |
8,000 |
20,000 |
32,000 |
48,000 |
68,000 |
92,000 |
|
4 |
4 |
6,000 |
15,000 |
24,000 |
36,000 |
51,000 |
69,000 |
|
5 |
5 |
4,000 |
10,000 |
16,000 |
24,000 |
34,000 |
46,000 |
|
6 |
6–10 |
2,400 each |
6,000 each |
9,600 each |
14,400 each |
20,400 each |
27,600 each |
|
7 |
11–50 |
1,000 each |
2,500 each |
4,000 each |
6,000 each |
8,500 each |
11,500 each |
|
8 |
51–200 |
300 each |
750 each |
1,200 each |
1,800 each |
2,550 each |
3,450 each |
|
9 |
201–500 |
80 each |
200 each |
320 each |
480 each |
680 each |
920 each |
|
10 |
501+ |
Share of 29,000 |
Share of 72,500 |
Share of 116,000 |
Share of 174,000 |
Share of 246,500 |
Share of 333,500 |
Tier 10 participants share the Tier 10 amount for the final prize pool in proportion to their qualifying HBAR trading volume. Each Tier 10 participant's Reward equals the Tier 10 amount multiplied by that participant's qualifying trading volume, divided by the total qualifying trading volume of all Tier 10 participants, rounded down to two decimal places.
Trading volume will be calculated based on the executed quantity of HBAR in completed HBAR spot trades on Kraken Pro during the Promotion Period. Trading volume generated by subaccounts will not be counted toward a participant's total trading volume. Cancelled, reversed, self-matching, or otherwise invalid transactions may be excluded at Kraken's sole discretion. This is a rank-based reward structure. No element of chance is involved.
Trading activity will be measured using valid, completed HBAR spot trades on Kraken Pro executed during the Promotion Period after enrollment.
Where two or more participants record identical qualifying trading volume, the higher rank will be awarded to the participant who first reached that volume during the Promotion Period.
7. Prohibited Conduct
The following behaviors will result in immediate disqualification and forfeiture of eligibility:
- Wash trades, self-dealing, or coordinated trading among participants;
- Any form of manipulative, fraudulent, or abusive trading activity;
- Use of multiple accounts, VPN circumvention, or any method designed to artificially inflate volume;
- Violation of the Kraken Terms of Service or these Rules.
Kraken reserves the right, in its sole discretion, to determine whether conduct is prohibited and to disqualify participants accordingly. Kraken's determinations are final and binding.
Trading volume excluded under this Section will not count toward Community Trading Volume.
8. Rewards
To receive a Reward, a participant must, before reward fulfillment, have: (a) a Kraken Pro account in good standing; and (b) completed at least Intermediate KYC verification, plus any additional verification required by Kraken or applicable law in the participant's jurisdiction.
If a participant does not satisfy these requirements at the time of distribution, Kraken reserves the right to withhold the Reward.
- Reward Type: Fixed per tier for Tiers 1–9, based on the final prize pool; Tier 10 is a proportional share of the Tier 10 amount for the final prize pool, based on trading volume relative to all Tier 10 participants.
- Reward Calculation: Determined by the participant's rank tier and the final prize pool as set out in Section 6 above.
- Reward Distribution: Rewards will be credited to eligible users' Kraken accounts within 30 days after the Promotion Period ends.
- Number of Rewards: Every eligible participant who meets the minimum trading requirement in Section 6 and satisfies the requirements of this Section 8 will receive a Reward. The number of Rewards therefore equals the number of qualifying participants.
- Transferability: Rewards are non-transferable and non-assignable prior to crediting to the participant's Kraken account and are not redeemable for cash.
Kraken reserves the right to substitute a reward of equal or greater value if necessary.
9. Disqualification and Enforcement
Kraken may, at its discretion, withhold or revoke any reward, or disqualify a participant, if:
- Eligibility criteria are not met;
- Fraud, manipulation, or gaming behavior is detected; or
- The participant's account is closed, suspended, or restricted during or after the Promotion Period.
All Kraken determinations regarding eligibility, calculations, milestone attainment, and rule violations are final and non-appealable.
Kraken reserves the right to reverse, reclaim, or adjust any Reward credited if prohibited conduct or ineligibility is identified after distribution.
Nothing in these Rules limits any rights you may have under mandatory consumer protection law in your country of residence.
10. Taxes
- U.S. participants: Rewards with a fair market value of USD 2,000 or more may be reportable to the IRS (Form 1099), and Kraken may request additional tax information (e.g., Form W-9) before distributing your Reward.
- Participants outside the U.S. are responsible for reporting and paying any taxes or duties associated with their rewards in accordance with local law.
- Rewards will be valued at fair market value at the time of crediting for tax reporting purposes.
- Kraken does not provide tax advice.
11. Privacy
By participating, you consent to the collection and processing of personal information for purposes of administering the Promotion and fulfilling rewards.
Personal information will be processed in accordance with the Kraken Privacy Policy and may be shared with service providers as needed to comply with applicable laws, regulations, and reporting obligations.
Where required by applicable law (including for participants in the European Economic Area), consent to receive marketing communications from Kraken is separate from participation in this Promotion and will be sought through a separate opt-in mechanism. Participation in this Promotion does not constitute consent to receive marketing communications.
12. Limitation of Liability
By participating in this Promotion, you agree to and hereby release and hold harmless Tulip HoldCo Ltd. and its affiliates, officers, directors, employees, and agents (collectively, "Kraken") from any damage, injury, death, loss, claim, action, demand, or other liability ("Claims") arising from or related to your participation in this Promotion or your receipt or use of any Reward, regardless of whether such Claims, or knowledge of the facts constituting such Claims, exist at the time of entry or arise at any time thereafter.
TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION THAT CANNOT BE RESOLVED BETWEEN YOU AND KRAKEN ARISING OUT OF OR CONNECTED WITH THE PROMOTION WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (2) ANY AND ALL CLAIMS, JUDGMENTS, AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED, IF ANY, NOT TO EXCEED TWENTY-FIVE US DOLLARS (USD $25.00). ATTORNEYS' FEES ARE NOT RECOVERABLE; (3) YOU WAIVE ALL RIGHTS TO SEEK PUNITIVE, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, OR LOST PROFITS; AND (4) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES ONLY AND YOU IRREVOCABLY WAIVE ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF.
13. Dispute Resolution and Governing Law
Dispute resolution and governing law are governed by the Kraken Terms of Service applicable to you based on your jurisdiction of residence:
- EEA residents: https://www.kraken.com/legal/eea-terms (including Section 15).
- All other eligible residents: https://www.kraken.com/legal/global-terms.
By participating, you agree to those provisions as they apply to your relationship with Kraken. If you are uncertain which Terms of Service apply to you, please visit https://www.kraken.com/legal.
14. Force Majeure
Kraken is not responsible for any delay, suspension, or cancellation of this Promotion caused by acts of God, natural disasters, epidemic, government order, labor dispute, war, terrorism, or any other event beyond its reasonable control.
Kraken is not responsible for, and assumes no liability arising from, any technical or operational failures affecting the Promotion, including but not limited to platform outages, downtime, latency, interruptions or errors in trade execution or order matching, loss or corruption of data, network or connectivity failures, or any hardware, software, or telecommunications malfunction. Trading volume that cannot be validly recorded or verified as a result of such events may be excluded from a participant's total, and from Community Trading Volume, at Kraken's sole discretion.
Kraken does not guarantee uninterrupted or error-free operation of the Kraken platform during the Promotion Period and is not liable for any inability to participate, trade, or qualify for a Reward arising from such failures.
15. General Terms
- Kraken reserves the right to modify, suspend, or terminate the Promotion at any time, at its sole discretion.
- Participation constitutes acceptance of these Official Rules.
- Failure to enforce any term does not constitute a waiver.
- If any provision of these Rules is held invalid or unenforceable, the remaining provisions remain in full force and effect.
- In the event of conflict between these Rules and any marketing materials, these Rules shall control.
Sponsor:
Tulip HoldCo Ltd.
2nd Floor, Water's Edge Building, Wickhams Cay II, Road Town, Tortola, British Virgin Islands