Thinking of adding some XSGD to your crypto collection? There’s no time like the present – we’ve teamed up with StraitsX to reward you for topping up your XSGD account!
You could get your hands on as much as 500 XSGD just by depositing and transacting a minimum amount of XSGD within the next 12 days. Check out the requirements below:
You can deposit XSGD by transferring it from another crypto wallet or buying it in-app with your credit or debit card. Eligible transactions include making an exchange, moving it into an X-Account or spending it with your Wirex card.
New to XSGD? Launched in 2020 by pioneering payments platform StraitsX, XSGD was the world’s first Singapore Dollar-pegged stablecoin. It’s pegged at 1:1 to a reserve of Singapore Dollars and can be used as a stable store of value or to remove cross-border transaction fees.
Read on to find out how to get some of your own!
How to add XSGD to Wirex
Here’s how to transfer XSGD from an external wallet into Wirex:
Open the app and select your XSGD account.
Tap Add Funds.
Select On-chain deposit. You’ll see your crypto address and QR code, which you can copy, scan or share.
That’s it - once the transaction has been made, you’ll receive your XSGD!
Want to buy XSGD with your credit or debit card instead? Just follow these steps:
Open the app and select your XSGD account.
Tap Add Funds.
Select your preferred card.
Verify your linked card by entering the 4-digit code. This can be found next to the transaction on your bank statement, and should look something like this: WIREX0000.
Enter the amount you want to add and confirm.
You’re all set – now it’s time to make a transaction!
Terms and Conditions Governing XSGD Deposits Promotion
The following terms and conditions (“Terms”) shall apply to the XSGD Deposits Promotion (the “Promotion”) which is offered by Wirex Pte Ltd (“Wirex”) in the Asia Pacific (“APAC”) region.
“Wirex App” means the Wirex mobile application which allows users to buy, store, exchange and spend a wide variety of traditional and digital currencies.
“Working Days” means Monday to Friday, excluding weekends and public holidays when the banks of England or Singapore are closed for business.
“Qualified Transaction” means exchanges (except XSGD <> SGD, USDC/USDT <> USD, DAI<> USD, USDP<> USD, EURS <> EUR), card spend and X-account deposition “XSGD” means the Singapore Dollar stablecoin, powered by open-source blockchain protocols.
“APAC Region” means Singapore, Hong Kong, Taiwan, New Zealand, Australia, Thailand, Philippines.
1. The Promotion will run from 10:00 (GMT+8) on 14 September 2022 until 23:59 (GMT+8) on 26 October 2022 (the “Promotion Period”).
2. This Promotion is open to users of the Wirex Service only (as defined by the applicable Wirex General Terms & Conditions) resident in the APAC Region (“Eligible Participants”, “they”, “user or users”). No other users of the Wirex Service are eligible for this Promotion.
3. Promotion Mechanics
3.1 A user who performs the following activity during the Promotion Period is entitled to the reward up to 500 XSGD (“the Reward”) if the user:
(i) deposits a single or cumulative sum of XSGD based on the Minimum Deposit tiers (as indicated in the table under 3.2.) (with a minimum deposit of 300 XSGD) within the first 12 days of the Promotion Period (from 14 September 2022;10:00 (GMT+8) to 25 September 2022; 23:59 (GMT+ 8)) (“the Deposit Period”);
(ii) meets the corresponding Minimum Balance tier (as indicated in the table under 3.2.) at the end of the Promotion Period;
(iii)makes a single or cumulative Qualified Transaction(s) meeting the Minimum Total Transaction amount (or more) according to the corresponding Minimum Deposit & Minimum Balance tier (as indicated in the table under 3.2.) ; and
(iv) the Personal or Total Reward Limit (as defined under 4.1 and 4.2 ) is not exceeded.
3.2 Minimum requirements for the Reward:
3.4. Only deposits made within the Deposit Period) (“the Deposit Period”) will qualify for the Reward. Deposits can be made via debit or credit card (for purchasing XSGD) or XSGD transfers from external wallets supported by the Wirex App. The calculation of the Reward tier will be based on the total cumulative deposit amount made during the Deposit Period. Any additional deposit made during the Promotional Period but after the Deposit Period will not be counted towards the Reward tier.
3.5. XSGD can be exchanged, deposited in X-Accounts, (not applicable to Wirex Singapore users) and spent via Wirex Card to meet the Minimum Total Transaction.
3.6. To be eligible for the Reward, the user must ensure that the user’s XSGD balance meets the Minimum Balance based on the tiers under section 3.2 at the end of the Promotion Period. The Minimum Balance does not include any XSGD balance held in the User’s account before the start of the Promotion Period. The Reward tier will be adjusted based on the user’s Minimum Balance tier at the end of the Promotion Period, subject to the corresponding Minimum Deposit requirements being met.
3.7. For the avoidance of doubt, any transactions which do not fall within the definition of a Qualified Transaction, including, without limitation, ATM withdrawals, X-accounts withdrawals, transfers to an external wallet, and send money to contacts transactions (transfers between Wirex users), are excluded from the calculation of the Reward.
4.1 The Reward will be paid to the users who are the first to fulfil the above requirements at the completion of the Promotion Period, subject to the conditions herein. Each user can only receive a maximum of 500 XSGD (“Personal Reward Limit”).
4.2. The total amount of Reward that Wirex will distribute will be 20,000 XSGD (“Total Reward Limit”). Once the Total Reward Limit has been distributed to the first users who meet the criteria of section 4.1, no further Rewards will be distributed.
4.3 The user’s eligibility to receive the Reward (if applicable) shall be determined at the absolute discretion of Wirex. Wirex reserves the right to disqualify any transactions it deems fraudulent in nature, where a promotion abuse is suspected, or where the user breaches the Wirex General Terms of Service. Users found to engage in such activity within this Promotion may also be disqualified from future Wirex promotional offers and may be required to forfeit or return/repay any Reward paid out under this Promotion (where applicable).
4.4 No person or user shall be entitled to any payment or compensation from Wirex should any Reward be forfeited withdrawn, or reclaimed by Wirex, or a where a user is asked to repay or compensate Wirex the value of the received Reward for a breach of these Promotion Terms and Conditions.
5.1 Each user can participate once, and this Promotion shall not be combined with other offers or promotions unless otherwise stated.
5.2 Wirex reserves the right at its absolute discretion to terminate the Promotion or to vary, delete, or add to any of these terms and conditions at any time without notice, including, without limitation, the eligibility of any user, the dates, and/or the duration, of the Promotion. The decision of Wirex on all matters relating to this Promotion shall be final and binding on all participants. Wirex shall entertain no correspondence or appeal.
5.3 If there is any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions shall prevail.
5.4 These terms and conditions shall be governed by the laws of England, and the participants irrevocably submit to the non-exclusive jurisdiction of the courts of England unless any direct rule applies in a particular jurisdiction.
5.7 Subject to applicable law, Wirex will not under any circumstances be liable to compensate Wirex users, Eligible Participants or any other third parties for any losses or damages resulting from their participation in, or engagement with this Promotion.
5.8 Failure by Wirex to enforce any of these Terms at any time shall in no manner affect its rights to enforce them at a later time.