Terms and Conditions of Participation in the “Hold SCM” Promotion
The Organizer of the Promotion is UAB Clear White Technologies, a company duly incorporated under the laws of the Republic of Lithuania with the registration number LT-03224. The registered office address of the company is located at J. Basanaviiaus g. 26, Vilnius, Republic of Lithuania.
The Promotion period will commence on the 5th of September, 2023, at 12 p.m. (UTC) and conclude on the 1st of March, 2024, at 12 p.m. (UTC).
The Promotion is open to Participants from all countries worldwide, except for the citizens of the following jurisdictions: Afghanistan, American Samoa, U.S. Virgin Islands, Territory of Guam, Iran, Yemen, Libya, State of Palestine, Puerto Rico, Somalia, the Democratic People’s Republic of Korea, The Northern Mariana Islands, USA, Syria, Russian Federation, Republic of Belarus, Republic of Sudan, Transnistria, temporarily occupied territories of Georgia, Turkish Republic of Northern Cyprus, Western Sahara, Federal Republic of Ambazonia, Kosovo, South Sudan, Canada, and temporarily occupied territories of Ukraine.
It is the responsibility of Participants to ensure that their participation is not prohibited or restricted by the laws or regulations of their jurisdiction. The Organizer reserves the right to verify the eligibility of Participants and may request proof of residency or location if necessary.
The Promotion is organized with the primary objective of promoting the services provided by WhiteBIT.
The Promotion is not considered a game of chance, lottery, gambling service, or contest. These Terms and Conditions do not represent a public commitment to reward participants.
Information about the Promotion is communicated in accordance with the Organizer’s advertising rights.
Participants of the Promotion are adult citizens (persons over the age of 18 years) of non-prohibited countries who have met the following conditions:
- Signed up for the website https://whitebit.com/ and passed the identity verification (KYC);
- Participated in WhiteBIT Launchpad and supported the Scamfari (SCM) project by voting for it;
- Held the SCM tokens received during the initial allocation on WhiteBIT Launchpad, on their Main balances on the WhiteBIT exchange during the time frame of the Promotion since the start of SCM trading on the https://whitebit.com/ website.
The Conditions of the Promotion must be met within the designated time frame of its duration.
Participants’ personal data in the Promotion will be processed to ensure their participation in the Promotion and establish marketing relations, advertising relations, tax relations, and accounting relations.
Participants who are employees, representatives, or agents of the Organizer, as well as their relatives (up to the second degree of kinship), are ineligible to participate in the Promotion. If, at the time of awarding the Prize, it is determined that Participants do not meet the eligibility criteria set forth in these Terms, they will not be entitled to receive the Prize.
Participants of the Promotion who have met all the Conditions of the Promotion will become Winners and win one of the Prizes from the Main Prize Fund — an additional 20% of SCM tokens to the amount of the initial SCM allocation.
Participants who not only hold the initial SCM allocation from the Launchpad but also double it by purchasing new SCM tokens on the https://whitebit.com/ website during the Promotion Period have the opportunity to win one of the Prizes from the Additional Prize Fund— an additional 40% of SCM tokens to the amount of the initial SCM allocation.
The Promotion allows an unlimited number of Winners.
All participants who have met the conditions of the Promotion are considered to be Winners of the Promotion.
Winners of the Promotion will be notified about their Prize via an email sent to the address provided during registration on https://whitebit.com/ within the first business day after the announcement of the Winners.
The Organizer will deposit the Prizes to the Winners’ Main balances on WhiteBIT within 5 business days following the announcement of the Winners.
The Winner receives the Prize free of charge. The Prize is non-replaceable, and the Promotion Winner is not entitled to demand any additional compensation from the Organizer. The Organizer assumes no warranty obligations for the Prize received within the ambit of this Promotion and under the conditions specified in these Terms.
In the event that the Winners do not receive the Prize, assuming they were eligible for it, or encounter any other difficulties, it is required for the Winners to contact the online support at https://whitebit.com, email email@example.com, or engage in a chat conversation by no later than the 18th of March 2024, inclusively. If the Winners fail to make contact regarding the issue of non-receipt of the Prize by the specified date, they will forfeit their right to receive the Prize.
By participating in the Promotion, Participants confirm their consent to the use of their surnames and first names without any financial compensation. Participants also agree to comply with all other Terms of the Promotion. Winners additionally confirm their agreement to participate in advertising interviews regarding their participation in the Promotion, including media platforms such as radio and television, and to be photographed for the creation of graphic materials without receiving any monetary compensation. All exclusive intellectual property rights to such interviews and photographs will be owned by the Organizer.
Winners determined by the results of the Promotion are not permitted to transfer the rights to receive the Prize to any third parties.
The Winner of the Promotion has the right to refuse the Prize.
The Organizer does not provide compensation for any additional expenses arising from the Winner’s receipt of the Prize. The taxation of the Prize income received by the Winners shall be carried out in accordance with the prevailing legislation.
The Organizer reserves the right to amend or modify the Terms and Conditions of the Promotion. In the event of any such changes, information regarding the modifications will be provided on the WhiteBIT website and the Organizer’s official social media platforms.
The Organizer does not involve itself in the resolution of disputes that may arise between Participants of the Prize Promotion. In situations where there are ambiguities in the interpretation of these Terms and/or matters that are not specifically addressed by these Terms, the Organizer of the Promotion will make the final decision in accordance with the applicable legal requirements. It is essential to recognize that the Organizer’s decision is considered final and is not subject to appeal.
In the event of any discrepancies or inaccuracies arising from translation across multiple languages utilized in the Promotion, the English rendition shall be deemed authoritative and shall supersede all other versions.
The Organizer of the Promotion is not responsible for the operation of telecommunication companies, postal services, including email, for any errors made by employees of any enterprises/institutions/organizations that facilitate the exchange of information between the Participants of the Promotion and the Organizer, or for circumstances under which mailings did not arrive, arrived late, were lost or damaged; or as a result of which the Participant of the Promotion did not receive the corresponding Prize.