Terms and Conditions of the “Spot Trading Competition WBT/USDT” Promotion
The Organizer of the Promotion is WhiteBIT (https://whitebit.com).
The Promotion period: from 12:00. (UTC) on November 19, 2023, until 11:59 (UTC) on December 1, 2023.
Territory of the Promotion: the Promotion is held on the territory of all countries, with the exception of: Afghanistan, American Samoa, US Virgin Islands, Guam, Iran, Yemen, Libya, Palestine, Puerto Rico, Somalia, North Korea, Northern Mariana Islands, USA, Canada, Syria, Sudan, South Sudan, Transnistria, temporarily occupied territories of Georgia, Nagorno-Karabakh, Northern Cyprus, Western Sahara, Ambazonia, Kosovo, United Kingdom, France, Germany, Canada, Republic of Belarus, Russian Federation, temporarily occupied territories of Ukraine.
Participants are responsible for ensuring that their participation is legally possible by the laws or regulations of their jurisdiction. The Promoter reserves the right to verify Entrants’ eligibility and may request proof of residence or location if necessary.
The Promotion is held with the primary objective of promoting the services provided by WhiteBIT.
The Promotion is not a game of chance, a lottery, a service in the field of gambling business, or a contest; these Terms are not a public promise of reward.
Information about the Promotion is provided on the basis of advertising rights.
Participants of the Promotion are adult citizens of non-prohibited countries (that is, except those specified above) or other persons who are legally present in the territory of such countries and who have fulfilled the following Terms:
– Signed up on the official WhiteBIT exchange website https://whitebit.com for the first time or be already signed up and passed KYC verification;
– Clicked the Participate button on the Promotion’s page;
– Traded the WBT/USDT spot trading pair on the WhiteBIT exchange during the Promotion period.
— Achieved a minimum trading volume in the WBT/USDT pair equivalent to 2,500 USDT during the Promotion period.
The Table of Participants — is a ranking table of the Participants of the Promotion, formed according to the trading volume (where the Participant with the largest trading volume is in the first place), which is updated every 30 minutes. The final data on the volume of trades will be collected at 12:30 (UTC) on December 1, 2023. Trading volume is calculated only for WBT/USDT pair transactions during the Promotion period.
Winners of this Trading Competition are determined by their trading volume.
The Organizer reserves the right to disqualify the Participant from the trading competition if they:
- Use wash trading (execute their own orders);
- Use accounts with a 0% trading fee (except for special trading fee discounts provided to holders of the WhiteBIT Token);
- Use API bots; Use the corporate account (for example, those created for exchange services);
- Use multi-accounts (only one account per Participant is allowed);
Joint deliberate actions of a Participant with other Participants, utilizing their accounts to participate in the Promotion with insider knowledge of such accounts’ actions, strategies, and intentions in terms of order placement and execution is considered as operating a multi-account, is prohibited and, therefore, entails the disqualification of such Participants from the Promotion.
The Terms of the Promotion must be fulfilled within the conduction period.
Any personal data of the Participants of the Promotion is processed to ensure participation in the Promotion, marketing relations, advertising relations, tax relations, and relations in the accounting field.
Employees, representatives, or agents of the Organizer and their relatives (first and second degree of consanguinity) are not entitled to participate in the Promotion. If, at the time of accounting for the Prize, it is established that the person who participated in the Promotion cannot be a Participant of the Promotion in accordance with these Conditions, such a person shall not be granted the right to receive the Prize.
Participants of the Promotion have the opportunity to become Winners and win one of the Prizes of the Prize Fund of 5000 USDT.
30 Participants who fulfilled all the Conditions of the Promotion and achieved the largest trading volume at the end of the Promotion will win a Prize from the Prize fund, distributed as follows:
|1 place||900 USDT|
|2 place||800 USDT|
|3 place||600 USDT|
|4 place||500 USDT|
|5 place||400 USDT|
|6 place||300 USDT|
|7 place||250 USDT|
|8 place||200 USDT|
|9 place||150 USDT|
|10 place||100 USDT|
|11-15 place||70 USDT|
|16-20 place||50 USDT|
|21-30 place||20 USDT|
The maximum possible number of Winners who can win a Prize from the Prize fund is 30 people. One Winner can only win one Prize from the Prize Pool.
Based on the results of the Promotion, the Organizer will automatically form a list of Promotion Participants who have fulfilled its Terms, at 12:30 (UTC) on December 1, 2023, by the indicator of the trading volume of the Promotion Participants at the time of its completion, which will be available in the Leaderboard, where the Participant on the first place will have the highest trading volume. The first 30 Participants in the Table of Participants who have fulfilled all the Terms of the Promotion have the opportunity to become Winners and receive the Prize.
The Winners will be announced on page on the WhiteBIT blog on December 4, 2023.
Provided that the following marks of the total trade volume are transferred, the Organizer provides the Additional Prize Fund to all Participants of the Promotion.
Changes to the Prize Fund
Provided that the total trading volume of all Promotion Participants reaches the mark of 15,000,000 USDT, the Organizer increases the size of the Prize Fund from 5,000 USDT to 7,000 USDT. Prizes from the Prize Fund will be distributed as follows:
|1 place||1200 USDT|
|2 place||1000 USDT|
|3 place||800 USDT|
|4 place||600 USDT|
|5 place||500 USDT|
|6 place||400 USDT|
|7 place||300 USDT|
|8 place||250 USDT|
|9 place||200 USDT|
|10 place||150 USDT|
|11-15 place||120 USDT|
|16-20 place||100 USDT|
|21-30 place||50 USDT|
Provided that the total trading volume of all Promotion Participants reaches the mark of 20,000,000 USDT, the Organizer increases the size of the Prize Fund from 7,000 USDT to 10,000 USDT. In this case, the Prizes will be distributed as follows:
|1 place||1500 USDT|
|2 place||1200 USDT|
|3 place||1000 USDT|
|4 place||800 USDT|
|5 place||700 USDT|
|6 place||600 USDT|
|7 place||500 USDT|
|8 place||400 USDT|
|9 place||300 USDT|
|10 place||250 USDT|
|11-15 place||200 USDT|
|16-20 place||150 USDT|
|21-30 place||100 USDT|
IMPORTANTLY! During participation in the Promotion, it is forbidden to register on the exchange several times (use several accounts). Entrants with multiple accounts will be disqualified. Unless otherwise agreed in writing, each Participant may register only once (have only one account). The use of multiple accounts (multi-accounts) or cooperation with affiliated users to manipulate orders is prohibited and will result in the closure of all accounts without the owner’s consent. In case of detection of the creation of multiple accounts, the Organizer reserves the right to close the second created account and any subsequent multi-accounts.
The Organizer accrues the Prizes to the Winners’ Main Balances on the WhiteBIT exchange within 5 working days from the next calendar day after the announcement of the Winners.
The Winners of the Promotion will be informed about the winnings by a letter to the e-mail address specified during signing up on the https://whitebit.com/ website within 5 working days after the accrual of the Prizes.
If the Winner does not comply with these Conditions, such Winner loses the right to the status of the Winner, and such right passes to the next Winner on the list.
The Winner receives the Prize for free. The Prize cannot be replaced with its monetary equivalent. The Winner of the Promotion has no right to demand any other compensation from the Organizer.
In case of not receiving the Prize, if the Winner was entitled to it, or in case of any other difficulties, the Winner should contact online support on the https://whitebit.com website, to the e-mail address email@example.com.
This should be done no later than December 15, 2023, inclusively. If the Winner does not apply within the specified period, including in the case of non-receipt of the Prize, the Winner loses the right to receive it. The received Prize cannot be exchanged or returned.
Winners determined by the Promotion results cannot transfer the rights to receive the Prize to third parties. The Winner of the Promotion is entitled to refuse the Prize. The Organizer bears no warranty obligations regarding the Prize received within the framework of this Promotion and under the conditions specified in these Terms and Conditions.
The Organizer does not compensate for the additional expenses of the Winner related to the receipt of the Prize. Taxation of the income of the Winners who received the Prize is carried out in accordance with the current legislation of the countries of Participants.
By participating in the Promotion, the Participant understands and agrees that any information voluntarily provided by him, including the Participant’s personal data, may be processed by the Organizer or third parties involved by him. The information may be processed to conduct the Promotion, to carry out all necessary actions related to it (including, but not exclusively, informing about the Promotion results both in advertising and in another way), as well as further possible sending of information to the Participant, including of an advertising nature, about the following events/competitions/promotions/draws of the Organizer.
The Winners confirm their consent to provide advertising interviews about participation in the Promotion in the media, including on radio and television, as well as to be photographed for producing graphic materials without paying them any monetary compensation. All exclusive intellectual property rights to such interviews and photographs will belong to the Organizer.
The Organizer reserves the right to change the Terms and Conditions of the Promotion. In case of any changes, information about this will be provided on the https://whitebit.com website and Organizer’s social networks. The Organizer does not enter into disputes that may arise between the Promotion’s Participants concerning the Prize. In situations that allow an ambiguous interpretation of these Conditions and/or issues not regulated by these Conditions, the Organizer of the Promotion makes the final decision in accordance with the requirements of the current legislation of the countries of Participants. In this case, the decision of the Organizer of the Promotion is final and not subject to appeal.
The Organizer of the Promotion is not responsible for the operation of the services of telecommunications companies, postal communication, in particular e-mail, for any errors of the employees of any enterprises/institutions/organizations that ensure the exchange of information between the Participants of the Promotion and the Organizer, or the circumstances as a result of which postal items did not arrive, arrived late, were lost or damaged; or as a result of which the Promotion Participant did not receive the corresponding Prize.