GCash’s crypto platform, GCrypto, announced its new USDC Raffle Promo, which will give users a chance to win up to ₱1,000,000 worth of USDC by simply maintaining a balance in their wallets.
More details can be found in this article: https://new.gcash.com/promos/gcrypto-usdc-promo
How to Qualify:
To qualify, participants must purchase or transfer at least 1 USDC into their GCrypto wallets during the promo period, which runs from March 3 to April 27, 2025. Raffle entries will be awarded based on the amount of USDC held.
- GCrypto noted that USDC on Ethereum, Solana, and Base networks are eligible for participation.
- Weekly snapshots will be taken every Sunday at 11:59 PM to determine eligible participants. The grand prize snapshot is on April 27, 2025, at 11:59 PM.
How to Participate:
- Buy or transfer USDC into GCrypto wallet.
- Maintain at least 1 USDC to qualify for weekly and grand prize raffles.
Raffle Entry Allocation:
- 1 USDC = 1 entry
- 10 USDC = 5 entries
- 1,000 USDC = 50 entries
- USDC holdings are rounded down to the nearest whole number.
Prizes:
- Weekly Prizes: 50 winners each receive 20 USDC (Winners will be announced after each snapshot, with prizes credited within 7 working days).
- Grand Prize: ₱1,000,000 worth of USDC for one winner.
GCrypto noted that the promotion is open to KYC-verified GCrypto users aged 18 and above who are legal residents of the Philippines. However, employees, affiliates, agents, and their family members (up to the third degree of consanguinity) are excluded from participation.
Snapshot Dates:
- Week 1: March 9, 2025
- Week 2: March 16, 2025
- Week 3: March 23, 2025
- Week 4: March 30, 2025
- Week 5: April 6, 2025
- Week 6: April 13, 2025
- Week 7: April 20, 2025
What is Gcrypto?
GCrypto is a cryptocurrency trading product available within the GCash app, a local fintech app and mobile wallet. With GCrypto, users can browse, buy, sell, send, and receive various cryptocurrencies. The service is powered by PDAX, a licensed cryptocurrency exchange in the Philippines. Last year, the platform listed the tokens PEPE, TRX, and WIF, expanding its total listed crypto to 42.
This article is published on BitPinas: GCrypto Launches USDC Raffle Promo with ₱1M Grand Prize
What else is happening in Crypto Philippines and beyond?
