How to participate
Just use any service available on the platform and get your ticket. The minimum value of the transaction must be more than $1,000.
Every service you use on the platform (Multi HODL, Turbocharge, or Classic Loans) must have an input value of $1,000 or higher (total value does not count). This action gives you 1 ticket for the lucky draw.
How to monitor the status
Every participant has a unique ID. You will receive your participant ID via email when you get your first ticket. After that, you can easily find yourself on our promo page and check your total number of tickets.
The tickets are credited automatically if the promotion conditions are fulfilled. For each targeted action, we will give you a ticket, so you can easily check your stats on the promo page.
In order to ensure transparency, clarity, randomness and impartiality, we will use the power of blockchain technology. We will determine the winner of the Tesla Model Y promo based on the set of characters from the hash of the first Bitcoin block that will be mined after 00:00 UTC on May 22.
Determination of the “Tesla for crypto” winner mechanics:1. We will stop collecting tickets on May 21 at 23:59 UTC
2. At 00:00 UTC on May 22 we’ll take a hash from the next Bitcoin block.
3. The
script will analyze the hash and pick the line with the winner's ID from the
complete list of participants. Every user has as many lines with his/her ID as many tickets he/she holds.
Description of the script://count of all ticketsconst ticketsCount = fullTicketsList.length;
//last 8 symbols of hash convert to int32const partOfHash = parseInt(hash.slice(-8), 16);
//remainder of the divisionconst winLine = partOfHash % ticketsCount;
After 00:00 UTC on May 22, check this link out to see the winner’s ID.I'm a new user, can I top up my account with fiat funds?
Yes, but first you need to verify your identity (to pass our KYC process). After this step you can use any currency and convert it to a crypto of your choice, and utilise it with any service.
Can you deliver a Tesla to my country?
We are not delivering a Tesla to you, we will order it on the official website with a contactless delivery option. You can see the full list of accepted countries
here.
What if I win a Tesla but I live in the country where Tesla doesn't have a single store?
We will do our best to find a personal approach to your case.
I live in Switzerland. Can I use Multi HODL or Turbocharge?
Nope, unfortunately you can not use these services yet, only classic crypto-backed loans. But we will give a one-time single ticket for every Swiss customer who will exchange their fiat funds (more than $1,000 at once) to any crypto during the promo campaign.
Do I have to keep my crypto funds in the wallet till the end of the promo campaign?
We never lock your funds, you can withdraw it at any time. But your weekly average crypto portfolio should be more than $1,000 equivalent till the end of the promo. Also, remember that you will earn money on a crypto savings account with up to 12% APR (not available for Swiss Users).
Can I top up my account a few times for $100-$500 equivalent per transaction?
Sure, why not? All you need to do is open a Multi HODL deal, or take a loan for $1,000 in the crypto equivalent.
Can I withdraw my crypto?
Sure you can, we never lock your funds. But please keep in mind that your weekly average crypto portfolio should be more than $1,000 till the end of the promo.
Can I use money that is already on my account, or should I withdraw and then bring them back to participate?
You can use your existing crypto funds to participate in the promo, no need to withdraw and top up again.
Should I pay taxes for the prize?
Yes, if you decided to take the prize, you will have to check your local taxation laws.
How does Multi HODL work with this promo?
Your input value amount (not total volume) should be $1,000 equivalent or more.
Can I open two Multi HODL deals with 500 USDT each, or should it be one Multi HODL with the input 1000 USDT.
You automatically receive one ticket for a Multi HODL deal where the input amount is $1,000 or more. For example, if you open your first Multi HODL deal for $1,001 - you will get the ticket. You will not receive a ticket If you open two MH deals for $500 each or 10 Multi HODL deals for $100 each.
Will I get 10 tickets if I open one Multi HODL deal or take a loan for $10,000?
No, only the fact of a transaction itself counts. For example, if you open one Multi HODL deal with an input amount of $15,000 you will not get 15 tickets, because it's just one transaction. But if you open 10 Multi HODL deals with an input amount of $1,000 USDT each ($10,000 USDT total) - you will get 10 tickets.
How long should each Multi HODL deal be active?
It's up to you. Please analyze the market situation and always use Take Profit and Stop Loss.
How will you calculate the value of the input (Example. I put $1,000 worth of currency A into Multi HODL. By the end of the promo, currency A drops in price twice. Will I still be a participant? The same question if the currency grows in price).
We are calculating the value at the opening.
How do Loans/Turbo will work with the promo? Should the collateral be worth $1,000 or is it the borrowed amount?
The collateral amount should be $1,000 or more.
How long should each Loan/Turbocharge be active?
It's up to you. But please monitor the market situation. The market is highly volatile these days.
What are the exact dates of the promo campaign?
February 19, 2021 at 00:00 UTC – May 21, 2021 at 23:59 UTC.
How can I find my tickets?
We don't want to spam you with the tickets, it's not necessary. You can easily check your current number of tickets with your participant ID, which you should receive in your email inbox when you open your first Multi HODl deal or take a loan or use Turbocharge.
When and where I can see the final results?
We will determine the winner on the 22nd of May. The final results will be published on a special promo page and in the blog section of our website.
Can I buy Tesla for bitcoin?
Yes, but only if you are lucky enough :-) Just top up your bitcoin wallet on the YouHodler platform, open a Multi HODL deal with your BTC and get your ticket. If your ticket wins you get a Tesla. So in fact, you technically buy a Tesla with Bitcoin.
When will Tesla accept bitcoin or other cryptos as a payment method?
Only Elon knows. But we can't wait to buy a Tesla with Bitcoin too.
