EURCV is an ERC20 token, a stablecoin tied to the Euro, aiming to offer a stable value asset in the volatile world of digital currencies. Its launch as the first Euro-denominated stablecoin issued by a fully regulated subsidiary of a global bank marks a significant milestone. It bridges the gap between traditional fiat currency and cryptocurrency, representing a shift in the market towards more diverse currency options in the crypto market. EURCV is backed by euro deposits and cash equivalents. It is secured by a legal structure ensuring:
complete segregation of the collateral assets held to back the value of the stablecoins from the issuer,
direct access given to whitelisted token holders on the collateral assets,
the implementation of business continuity plan mechanisms in case of a market or technological event.
The EURCV Promotion is a campaign celebrating our listing of EURCV, featuring two parallel promotions to distribute a total reward pool of 50,000 EURCV.
The two independent promotions are:
Deposit, Buy & Win up to 300 EURCV: Participants can win up to 300 EURCV from a 30,000 EURCV prize pool. To qualify, participants must deposit fiat currency (USD, EUR, GBP) or a Qovex-supported crypto asset into their Qovex account. The deposit amount should be equivalent to 1,000.00 EUR, 3,000.00 EUR, or 5,000.00 EUR and participants need to reach a balance of at least 1,000, 3,000 or 5,000 EURCV balance in their Qovex account, by purchasing EURCV on the Qovex platform.
Trade & Win up to 2,500 EURCV: Participants can earn up to 2,500 EURCV, with a total prize pool of 20,000 EURCV. The maximum reward for each participant is 2,500 EURCV. To be eligible, participants must generate trading volume on the EURCV/USDT pair during the promotion period.
A participant who participates in both promotions can therefore win a maximum of 2,800 EURCV.
The EURCV Promotion will be active from January 16, 2024, at 12:00 PM UTC until February 12, 2024, at 11:59 PM UTC.
The Promotion is divided into four weeks. Week 1 begins at the exact time of the start of the Promotion period and ends at the end of the day on January 22, 2024. This is followed by Week 2, Week 3 and Week 4 which are all 7 days x 24 hours periods.
To participate in the EURCV Promotion, you must be a retail client with a verified Qovex account.
You can’t participate in EURCV Promotion if you:
are a resident of the United States of America, the and/or Singapore;
are a legal entity and/or you have a corporate Qovex account;
are a Qovex employee or immediate family member of a Qovex employee;
are disqualified from the EURCV Promotion;
do not maintain your Qovex account in good standing and in accordance with provisions of the applicable Qovex Terms of Use.
Eligible participants will see the EURCV Promotion visual in their dashboard.
To participate in the “Deposit, Buy & Win up to 300 EURCV” promotion you must complete the following steps:
Opt-in for EURCV Promotion and accept the Terms.
Deposit fiat currency (USD, EUR, GBP) or any Qovex-supported crypto asset into your Qovex account, totaling a minimum of 1,000.00 EUR (value calculated before deposit fees).
Reach a minimum balance of 1,000 EURCV in your Qovex account at any point during the EURCV Promotion period.
The rewards are structured as follows:
Earn 100 EURCV if you deposit 1,000 EUR worth of fiat currency (EUR, USD, GBP) or crypto asset supported by Qovex and reach a balance of 1,000 worth of EURCV, by purchasing EURCV on the Qovex platform.
Earn 200 EURCV if you deposit 3,000 EUR worth of fiat currency (EUR, USD, GBP) or crypto asset supported by Qovex and reach a balance of 3,000 worth of EURCV, by purchasing EURCV on the Qovex platform.
Earn 300 EURCV if you deposit 5,000 EUR worth of fiat currency (EUR, USD, GBP) or crypto asset supported by Qovex and reach a balance of 5,000 worth of EURCV, by purchasing EURCV on the Qovex platform.
Note: The order of “Deposit, Buy & Win up to 300 EURCV” promotion winners will be determined based on the time of completion of the last of either step 2 or step 3, whichever of the two will be completed last, irrespective of the time of opt-in.
Any deposits and/or trades made during the promotion period but before opting in will also count towards fulfilling steps 2 and 3 if a participant opts-in during the promotion period.
To participate in “Trade & Win up to 2,500 EURCV” promotion, you must follow these steps:
Opt-in for EURCV Promotion and accept the Terms.
Generate trading volume on the eligible EURCV/USDT trading pair listed on Qovex exchange.
Eligible and verified Qovex customers should see the visuals for both the “Deposit, Buy & Win up to 300 EURCV” and “Trade & Win up to 2,500 EURCV” promotions in their dashboards. If you don’t see these visuals, you may not be eligible for promotions. This could be due to your country of residence not being on the list of supported countries or other eligibility exclusions. Alternatively, you can email us at for further assistance
As an eligible customer, you can participate in both Deposit, Buy & Win up to 300 EURCV and Trade & Win up to 2,500 EURCV promotions with one entry per promotion.
There is a single opt-in process for both the Deposit, Buy & Win up to 300 EURCV and Trade & Win up to 2,500 EURCV. Once you opt-in for the EURCV Promotion, you are eligible to participate in both promotions, provided you follow the required participation steps.
The eligible trading pair for this promotion is EURCV/USDT. Please note that trading volume on the EURCV/EUR pair is not considered towards the eligibility criteria.
Yes, trading fees for the EURCV/USDT pair are discounted by 80% compared to our standard fees. This discount is consistent with that offered on all other stablecoin/fiat pairs.
Yes, all deposits made during the promotion period are considered valid for the deposit criteria, even if they were made before opting in. Various payment options are available, including crypto or bank deposits, instant card purchases, and digital wallets like Google Pay, Apple Pay, and PayPal.
Yes, any trading volume on the eligible pair during the campaign period is included in your total, even if the trades occurred before you opted in.
Don’t worry. Updates on new trading volumes and deposits are processed in Qovex's databases and will be visible on your dashboard the following day.
You will receive a share of the prize if you:
opt-in for EURCV Promotion and accept the Terms;
meet all eligibility requirements and are not excluded as per the EURCV Promotion Terms;
achieve the minimum cap (10 EURCV) to qualify for a prize.
All prizes will be awarded in the form of EURCV tokens to your Qovex account.
For Deposit, Buy & Win up to 300 EURCV: The 30,000 EURCV prize pool is reserved for customers who complete the necessary participation steps.
For Trade & Win up to 2,500 EURCV: Rewards are based on your average weekly trading percentage over 4 weeks, calculated as (Percentage B in Week 1 + Percentage B in Week 2 + Percentage B in Week 3 + Percentage B in Week 4)/4, and then multiplied by the prize pool of Promotion B, which is 20,000 EURCV tokens. To determine the Weekly Percentage for each week, your EURCV spot trading volume in corresponding week of the campaign is divided by eligible EURCV total spot trading volume of all Participants. The prize is capped at 2,500 EURCV per participant. Minimum cap for receiving the prize is 10 EURCV.
Example 1: Customer A traded an average of 2.578% of total Eligible Volume across 4 weeks. They will get 2.578% x 20,000 EURCV = 516 EURCV.
Example 2: Customer B traded 23.522% of total Eligible EURCV trading Volume. They would get the maximum reward of 2,500 EURCV since 23.521% x 20,000 EURCV = 4,704 EURCV and exceeds the cap.
Example 3: Customer C traded 0.006% of total Eligible Volume. They will not get any reward because 0.006% x 20,000 EURCV = 1 EURCV, meaning that it is below the minimum threshold of 10 EURCV.
Participating in both the “Deposit, Buy & Win up to 300 EURCV” and “Trade & Win up to 2,500 EURCV” promotions enhances your chances of winning.
To maximize your reward in the “Deposit, Buy & Win up to 300 EURCV” promotion, deposit a minimum of 5,000 EUR in fiat currency (EUR, USD, GBP) or a Qovex-supported crypto asset. Then, achieve a balance of 5,000 EURCV to qualify for the top reward of 300 EURCV.
In the “Trade & Win up to 2,500 EURCV” promotion, frequent trading throughout the promotion period is key. Your reward is based on the average of your weekly trading percentages. Remember, the more actively you trade, the higher your potential winnings.
Winners of the EURCV Promotion will receive notification emails with details about their prize(s) by February 27, 2024.
If you win, you’re responsible for reporting and paying any taxes applicable to their prize(s). We encourage you to contact an accountant or tax professional for their advice to determine if there are any potential tax implications for you.
To withdraw from the EURCV Promotion, please email our support team at or submit a support ticket through our platform.