LOBSTR Kenya promo: What are the rules and conditions?

Modified on Fri, 26 Apr at 12:43 PM

Deposit KSh and get 500 KES bonus

Looking to digitise your KSh?
Now is a great time to start your journey with LOBSTR on the Stellar network.

Earn an additional 500 KSh reward in KES tokens on your deposit when you deposit and maintain 2,000.00 Kenyan Shillings or more through LOBSTR.

Download LOBSTR or sign up on the website, and redeem promo code LOBSTR500 inside the Settings.

KES token issued by ClickPesa on the Stellar Network

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of any form of money—shillings, dollars, pesos, bitcoin, and many many others. It’s designed so all the world’s financial systems can work together on a single network.
Learn more about Stellar.

ClickPesa is a fintech company that issues the KES token on the Stellar network, pegged directly to the Kenyan shilling. Learn more about ClickPesa.

KES token represents KSh on the Stellar network, allowing you to send, receive, and save KSh with near zero fees.

ClickPesa guarantees 1 KES is always equal to 1 KSh, and redeemable to any bank or mobile money account in Kenya. Learn more about KES token.

LOBSTR integrates with ClickPesa's tech to provide seamless support of deposits and withdrawals of KES token within an easy-to-use interface.

Who can join the promo?

New and existing LOBSTR users in Kenya are eligible to participate in this campaign, subject to these terms and conditions.

In order to be eligible for this promotion and redeem the code, users must successfully complete the KYC verification process with the promotion partner ClickPesa, and complete a deposit of 2,000.00 KSh or more and maintain that balance in KES for seven consecutive days.

What are the rules and conditions?

Here are some of the important details you should know:

- In order to be eligible for this promotion and redeem the code, each participant must successfully complete the KYC verification process with the promotion partner ClickPesa, and must deposit 2,000+ of KES tokens to their wallet.

- The promotion reward is 500 KES tokens.

- Participants must successfully redeem the code LOBSTR500 in the Settings of LOBSTR to receive a reward to their wallet.

- The promotion reward is sent via a claimable payment which can be collected in the 'Pending' section of the 'Transactions' page.

- There is a maximum of one reward per participant. LOBSTR will verify all participants to prevent duplicate or fake accounts and will not pay promo bonuses in the event such activity is discovered.

- In order to be able to collect the reward, each participant must maintain 2,000+ of KES token for 1 week (7 days) from the time they redeem the promotion code.

- Any funds above 2,000 KES and other non-KES tokens can be transferred and spent without any restrictions and will not affect participant reward eligibility.

- Each participant has 30 days to manually claim the promotion reward from the time they redeem the code. Any unclaimed rewards will be forfeited and collected back by LOBSTR.

- Promotion is expected to run from February 20, 2023 to May 20, 2023, 23:59:59 UTC, or until it reaches a total reward limit of 1,600,000 KES tokens.

- LOBSTR team reserves the right to change the terms of the promotion program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant.

How to participate in the promo?

Here is a short overview of the steps you should follow to participate:

- Sign up with LOBSTR using mobile app or on the website.

- Deposit 2,000+ KSh in KES token via promotion partner ClickPesa.

- Redeem the code LOBSTR500 in the 'Settings' section of LOBSTR.

- After you redeem the code, maintain KES balance above 2,000.00 KES for 7 days.

- Collect your bonus in the 'Pending' section of the 'Transactions' tab in the side menu.

Please refer to our full step-by-step guide for a detailed explanation.