Euro Coin (EURC) is Circle’s second stablecoin, issued under the same full-reserve model as USD Coin (USDC). Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros. Each month, Grant Thornton LLP, one of America's largest audit, tax and advisory firms, provides third-party assurance as size of the Euro Coin reserve.
You can find more info about the project and the attestation reports here.
It’s a giveaway campaign – celebrating our listing of EURC – with two parallel promotions to distribute a EUROC reward pool of 75,000 EUROC.
The two independent promotions are:
Buy & Win 100 EURC with a 25,000 EURC prize pool for the first 250 participants who buy EURC and reach at least 1,000 EURC balance in their Qovex account.
Trade & Win up to 10,000 EURC with a 50,000 EURC prize pool for participants (10,000 EURC max for each) who generate trading volume on EURC/EUR and EURC/USDC pairs during the giveaway period.
A user who participates in both promotions can therefore win a maximum of 10,100 EURC.
EURC Giveaway Part 2 will be active from August 8, 2023, at 12:00 UTC to November 8, 2023, at 11:59 UTC.
To be able to participate in the EURC Giveaway Part 2, you must be a retail client with a verified Qovex account.
You can’t participate in EURC Giveaway Part 2 if you are:
A resident of the United States of America, the or Singapore.
A legal entity or you are registered for a corporate Qovex account
Disqualified from the EURC Giveaway.
Not keeping your Qovex account in good order and in accordance with the provisions of the applicable Qovex Terms of Use.
You are not eligible to participate in Buy & Win 100 EURC, if you have already received a prize for Deposit & Win 100 EURC in a similar EURC giveaway organized by Qovex between 2 March 2023 and 2 June 2023 (“Previous Deposit & Win 100 EURC Giveaway”).
If you're eligible to participate, you'll see the EURC Giveaway Part 2 promotional visual in your dashboard. Please note that if you have already won 100 EURC in the previous Deposit & Win 100 EURC campaign that took place from March 2, 2023, until June 2023, you will not qualify to receive the Buy & Win 100 EURC reward. However, this restriction does not impact your eligibility for the Trade & Win up to 10,000 EURC promotion.
To participate in Buy & Win 100 EURC you must complete the following steps:
Opt-in for EURC Giveaway Part 2 and accept the Terms;
Purchase EURC and reach at least 1,000 EURC balance in your Qovex account at any point in time during the EURC Giveaway Part 2 period.
Please note that the order of Buy & Win 100 EURC winners will be determined based on the time of completion of criteria 2.
Any purchases and/or trades made during the giveaway period but before opt-in will also count towards fulfilling criteria 2. if a user opts-in during the giveaway period.
To participate in Trade & Win up to 10,000 EURC, you must follow these steps:
Opt-in for EURC Giveaway Part 2 and accept the Terms;
Generate trading volume on any EURC eligible trading pairs (i.e., EURC/EUR and EURC/USDC) listed on Qovex exchange.
If you are an eligible verified Qovex user, you should see the visual for both Buy & Win 100 EURC and Trade & Win up to 10,000 EURC promotions in your dashboard. If you don’t see it, you're either not eligible to enter the promotions, i.e., your country of residence is not on the list of supported countries or any other eligibility exclusions apply, or you can send us an email at to check.
As an eligible user, you can participate in both Buy & Win 100 EURC and Trade & Win up to 10,000 EURC with one entry each but please note that if you have already won 100 EURC reward in the Previous Deposit & Win 100 EURC Giveaway, you will not be eligible to participate in the Buy & Win 100 EURC. However, this restriction does not impact your eligibility for the Trade & Win up to 10,000 EURC promotion.
There is a single-opt in for Buy & Win 100 EURC and Trade & Win up to 10,000 EURC, meaning that once you opt-in for EURC Giveaway Part 2, you may participate in both if you follow the participation steps required.
No, if you have already won 100 EURC in the previous Deposit & Win 100 EURC campaign that took place from March 2, 2023, until June 2, 2023, you will not be eligible to participate in the Buy & Win 100 EURC. However, this restriction will not impact your eligibility for the Trade & Win up to 10,000 EURC promotion.
Yes, if you have received a reward in the previous Trade & Win up to 10,000 EURC campaign that took place from March 2, 2023 until June 2, 2023, you can still qualify for the current promotion.
Eligible trading pairs are EURC/EUR and EURC/USDC.
The fees are discounted by 80% on both EURC/EUR and EURC/USDC pairs over our standard fees as they are with all other stablecoin/fiat pairs (more here).
Yes, all purchases made during the campaign period are valid, even if done before your opt-in.
Yes, all trading volume during the campaign period will count, even if done before your opt-in.
Don’t worry, the data on new volumes and balance will be reflected in Qovex databases and visible the next day.
Yes, of course. You can purchase EURC in multiple transactions. You just need to reach at least 1,000 EURC balance on your Qovex account at any point in time during the campaign (and fulfill the other criteria - be among the first 250 eligible clients).
You will receive a share of the prize if you:
Opt-in for EURC Giveaway Part 2 and accept the Terms;
Satisfy the eligibility requirements & you’re not subject to eligibility exclusions (check the EURC Giveaway Terms);
Meet the minimum cap (10 EURC) for receiving the prize.
All prizes will be awarded in the form of EURC tokens to your Qovex account.
For Buy & Win 100 EURC: The 25,000 EURC prize pool is reserved for the first 250 users who complete the necessary participation steps. Each will receive 100 EURC.
For Trade & Win up to 10,000 EURC: Your reward is calculated as the result of your EURC trading volume divided by the total EURC trading volume of all participants in Trade & Win up to 10,000 EURC during the giveaway period, (“Eligible Volume”) then multiplied with 50,000 EURC. The prize is capped at 10,000 EURC per participant. Minimum cap for receiving the prize is 10 EURC.
Example 1: User A traded 2.578% of total Eligible Volume. They will get 2.578% x 50,000 EURC = 1,289 EURC.
Example 2: User B traded 23.522% of total Eligible EURC trading Volume. They would get the maximum reward of 10,000 EURC since 23.521% x 50,000 EURC =11,761 EURC and exceeds the cap.
Example 3: User C traded 0.006% of total Eligible Volume. They will not get any reward because 0.006% x 50,000 EURC = 3 EURC, meaning that it is below the minimum threshold of 10 EURC.
You can increase your chances of winning by participating in both promotions.
For Buy & Win 100 EURC, you must hurry up since only the first 250 participants of Buy & Win 100 EURC will be awarded the 100 EURC prize.
For Trade & Win up to 10,000 EURC, you'll see the percentage share of total eligible volume you generated by the previous day. Remember that your trading volume gets updated daily (with a 1-day delay), so the more you trade, the more you win!
Winners will be informed about the prize(s) received via winners' notification email by 24 November, 2023.
If you win, you’re responsible for reporting and paying any potential taxes related to the prize acceptance on your side. We encourage you to contact an accountant or tax professional for their advice to determine if there are any potential tax implications for you.
If you would like to withdraw from the EURC Giveaway Part 2 send an email to our support team at or create a support ticket.