AVA Spot 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.
By participating in the Promotion, you agree to these Official Rules and the Kraken Terms of Service applicable to your jurisdiction of residence (EEA residents: https://www.kraken.com/legal/eea-terms; all other eligible residents: https://www.kraken.com/legal/global-terms), which together form a binding contract between you and the Sponsor. Please read them carefully before entering.
2. Overview
The AVA Trading Challenge 2026 is a promotional incentive designed to reward eligible Kraken users for executing AVA spot trades on Kraken Pro during the Promotion Period.
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' AVA trading volume rank relative to all other eligible participants, as described below.
3. Eligible Areas
The Promotion is open to eligible customers residing in the European Economic Area ("EEA"), the United States (excluding Maine and New York), and other jurisdictions where Kraken services are available.
Residents of the United Kingdom are not eligible to participate.
Void where prohibited.
Travala Voucher redemption availability may vary by jurisdiction and booking destination and may be subject to additional geographic restrictions imposed by Travala.
4. Eligibility
To participate, you must:
Reside in an Eligible Area listed above; 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 June 4, 2026 and ends at 23:59 UTC on June 18, 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 AVA Trading Challenge.
- Tap Enroll Now.
From Kraken Pro web:
- Go to https://pro.kraken.com
- Sign into your account
- In the left sidebar, click ‘Promos’
- On the Trading Competitions card, click ‘See all competitions’
- Click ‘AVA Trading Challenge’
- Click ‘Enroll now’
To participate in the Promotion and qualify for a share of 100,000 AVA, Eligible participants must trade a minimum of 500 AVA during the Promotion Period. Qualifying trades are AVA spot trades on Kraken Pro. Only spot trading is required to participate.
Each participant's Reward is determined by their AVA trading volume rank relative to all eligible participants during the Promotion Period. Rewards are allocated as follows:
Tier 1 · Rank 1 · 10,000 AVA
Tier 2 · Ranks 2–3 · 7,500 AVA each
Tier 3 · Ranks 4–10 · 2,000 AVA each
Tier 4 · Ranks 11–20 · 1,000 AVA each
Tier 5 · Ranks 21–100 · 250 AVA each
Tier 6 · Rank 101+ · Share of 31,000 AVA proportionally, based on each participant's trading volume relative to all Tier 6 participants
Trading volume will be calculated based on the executed notional value of completed AVA spot market transactions 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 AVA spot trades on Kraken Pro executed during the Promotion Period.
In addition to the AVA token rewards described above, the top 1,000 eligible participants by qualifying AVA trading volume during the Promotion Period will each receive one (1) Travala discount voucher with a stated promotional value of $100 USD (the “Travala Voucher”), subject to these Official Rules and the Travala Discount Voucher Terms and Conditions.
Participants may qualify for both AVA token rewards and a Travala Voucher.
If multiple participants are tied at the cutoff rank for Travala Voucher eligibility, ties will be resolved based on the earliest enrollment timestamp into the Promotion.
Travala Vouchers are subject to the following conditions:
- Valid only for eligible hotel bookings made through Travala;
- Minimum booking value of $800 USD applies;
- Recipient must maintain a registered Travala account;
- Limited to one (1) Travala Voucher per person;
- Non-transferable and not redeemable for cash;
- Void if the associated booking is cancelled;
- Subject to additional restrictions, limitations, expiration dates, and terms imposed by Travala.
Recipients of Travala Vouchers are additionally subject to Travala’s Discount Voucher Terms and Conditions available at:
https://help.travala.com/hc/en-us/articles/27247760869529
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.
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, based on the participant's AVA trading volume rank among all eligible participants, subject to meeting the minimum trade volume requirement.
Reward Calculation: Determined using the formula above.
Reward Distribution: Rewards will be credited to eligible users’ Kraken accounts within 30 days after the Promotion Period ends.
Number of Prizes: Variable, dependent on the number of qualifying participants.
Transferability: Rewards are non-transferable or 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.
Travala Voucher Distribution:
Eligible Travala Vouchers will be distributed by email to qualifying participants within 30 days after the Promotion Period ends.
Each Travala Voucher may contain its own expiration date or redemption validity period as determined by Travala. Kraken is not responsible for expired, unused, lost, deleted, blocked, or undeliverable Travala Vouchers. No replacement, substitution, cash compensation, or alternative benefit will be provided for expired or unused vouchers.
Kraken does not guarantee the availability, acceptance, redemption, continued validity, or performance of any Travala Voucher or any services provided by Travala.
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, 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.
10. Taxes
U.S. participants receiving total rewards valued at $600 USD or more will be issued IRS Form 1099 and must complete all required tax forms prior to receipt.
Participants outside the U.S. are responsible for reporting and paying any taxes or duties associated with their rewards in accordance with local law.
Kraken does not provide tax advice.Rewards will be valued at fair market value at the time of crediting for tax reporting purposes.
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") that may arise from your acceptance, possession, and/or use of any Prize or your participation in this Promotion, regardless of whether 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 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; (2) YOU WAIVE ALL RIGHTS TO SEEK PUNITIVE, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, OR LOST PROFITS; AND (3) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES ONLY.
Travala Vouchers are issued, administered, and fulfilled solely by Travala. Kraken is not responsible for the availability, redemption, usability, modification, suspension, cancellation, expiration, or fulfillment of any Travala Voucher or for any acts, omissions, products, services, content, or policies of Travala. Travala may modify, suspend, or cancel voucher programs or applicable terms at any time without notice. Any disputes relating to Travala Vouchers or related bookings must be resolved directly with Travala.
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 (including US and ROW): 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.
15. General Terms
Kraken reserves the right to modify, suspend, or terminate the Promotion at any time, for any reason, without prior notice.
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.