Terms and Conditions of the “Team Start” Promotion

WhiteBIT
Published 29 January 2024
464
Terms and Conditions of the “Team Start” Promotion

Content

Look, this is how you can compete for the prizes:

  1. Sign up for the WhiteBIT exchange and confirm your identity (KYC); if you have already done all that, you can also participate;
  2. Fill out this Google form;
  3. Invite friends using your referral link;
  4. Make sure your referrals have signed up and confirmed their identities.

Depending on the number of referrals, receive from 1 to 2 USDT for each friend who registers on the WhiteBIT exchange using your referral link and passes the identity verification procedure (KYC).

You can invite up to 300 friends and, if they fulfill the conditions of the promo, receive up to 600 USDT! Invite the greatest number of friends (minimum 50) who complete the registration and identity verification, and you’ll receive 10 WBT!

Your referral can participate in the drawing of 10 WBT for registration and identity verification and have a chance to win 1 WBT. Also, your invited friends can compete for 10 WBT by making a first deposit of at least 100 USDT equivalent and trading on the WhiteBIT exchange on the spot or margin market on any pair with a volume exceeding 1000 USDT.

Promotion period: January 29, 2024, to February 29, 2024.

Find the details below.

Terms and Conditions of Participation in the “Team Start” Activity:

The organizer of the Promotion is the WhiteBIT company (https://whitebit.com).

Promo period: 11:00 a.m. (UTC) 29.01.2024 to 11:00 a.m. (UTC) 29.02.2024.

The territory of the Promotion: the Promotion takes place in all countries except: the Islamic Emirate of Afghanistan, American Samoa, the Virgin Islands of the United States, Guam, the Islamic Republic of Iran, the Republic of Yemen, the State of Libya, the State of Palestine, the Commonwealth of Puerto Rico, the Federal Republic of Somalia, the Democratic People’s Republic of Korea, the Commonwealth of the Northern Mariana Islands, the United States of America, the Syrian Arab Republic, the Republic of the Sudan, the Republic of South Sudan, the “Pridnestrovian Moldavian Republic,” the French Republic, the Federal Republic of Germany, the Russian-occupied territories in Georgia, the Turkish Republic of Northern Cyprus, Western Sahara, Ambazonia, the Republic of Kosovo, the Kingdom of Spain, Canada, the Republic of Belarus, the Russian Federation, and the Russian-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 campaign is held to popularize WhiteBIT services.

You can contact the Organizer of the Promotion at support@whitebit.com or via the chat on the website https://whitebit.com.

The Promotion is not considered a game of chance, lottery, gambling service, or contest. These Terms and Conditions do not constitute a public commitment to reward participants.

Information about the Promotion is communicated based on the Organizer’s advertising rights.

Participants of the Promotion are adult citizens of non-prohibited countries (that is, all except those mentioned above) or other persons who are legally present in the territory of such countries and have fulfilled the following conditions:

  1. Signed up for the WhiteBIT website for the first time or are already users of the WhiteBIT exchange and have passed the identity verification (KYC) procedure;
  2. Filled out the Google form using the link, where they indicated their nickname on the WhiteBIT exchange;
  3. Sent their referral link to new potential users, who will use it to register on the website https://whitebit.com, pass the identity verification process (KYC) and therefore, become Referrals.

The Conditions of the Promotion must be met within the designated time frame of its duration.

Any personal data of the Promotion Participants is processed to ensure participation in the Promotion, marketing relations, advertising relations, tax relations, and accounting relations.

Employees, representatives, or agents of the Organizer and their relatives (first and second degrees of consanguinity) are not entitled to participate in the Promotion. If, at the time of awarding the Prize, it is established that the person who participated in the Promotion cannot be a Participant of the Promotion by these Rules, such a person shall not be granted the right to receive the Prize.

IMPORTANT! During participation in the Promotion, it is forbidden to register on the exchange several times (use several accounts). Participants with multiple accounts will be disqualified. Unless otherwise agreed in writing, each Participant may register only once (have only one account). Using multiple accounts (multi-accounts and/or sub-accounts) or cooperation with affiliated users and/or users from sub-accounts belonging to the Participant to manipulate orders is prohibited. It will result in the closure of all accounts without the owner’s consent. In case of detecting the creation of multiple accounts, the Organizer reserves the right to close the second created account and any subsequent multi-accounts.

Participants of the Promotion who have fulfilled the Main Conditions of the Promotion become Winners and win a part of the Main Prize pool, depending on the number of Referrals invited by the Winner according to the following assignment:

1–50 Referrals: 1 USDT per Referral;

51–100 Referrals: 1.20 USDT per Referral;

101–150 Referrals: 1.40 USDT per Referral;

151–200 Referrals: 1.60 USDT per Referral;

201–250 Referrals: 1.80 USDT per Referral;

251–300 Referrals: 2 USDT per Referral.

The maximum possible number of Main Prize pool Winners is unlimited.

Participants who invite Referrals can receive a Prize of from 1 to 2 USDT per Referral.

Each Participant can invite a maximum of 300 Referrals inclusive.

Participants who have fulfilled the Main Conditions of the Promotion to receive the Main Prize Pool and invited the largest number (at least 50) of Referrals can win the Prize of the Additional Prize Pool, which is 10 WBT.

The maximum possible number of Winners of the Additional Prize pool is 1 person.

Referrals can become Winners and win part of the Special Prize Pool, which is 10 WBT, namely 1 WBT each.

The maximum possible number of Winners of the Additional Prize Pool is 10 people.

Also, Referrals who have fulfilled all the Special Conditions of the Promotion can become Winners and win a part of the Separate Prize Pool, which is 100 WBT, 10 WBT each.

To receive a Prize from the Separate Prize Pool, Referrals must fulfill the following conditions:

  • Top up the balance on the WhiteBIT exchange by at least 100 USDT equivalent;
  • Have a trading volume in the spot or margin market on the WhiteBIT exchange equal to or greater than 1000 USDT equivalent during the Promotion period.

According to the results of the Promotion, in the period from 29.02.2024 to 07.03.2024 inclusive, the Organizer forms 4 lists of Participants who meet the Promotion Terms and Conditions and apply for the Main, Additional, Special, and Separate Prize Pool.

The Winners of the Additional, Special, and Separate Prize Pool will be determined on March 12, 2024, using the random.org service, automatically among the Promotion Participants from the list according to the Prize Pool. Winners are determined by rating (place in the list on the https://www.random.org/ service). The list of Winners for each Prize Pool will be published in this article, along with a video of the Winners being determined.

The Organizer shall credit the Prizes of the Main, Additional, Special, and Separate Prize Pools to the Main balances of the Winners on the WhiteBIT exchange within 5 business days from the day after the publication of the list of Winners.

Winners of the Main, Additional, Special, and Separate Prize Pools will be informed about the accrual of Prizes by letter to the e-mail address specified during registration on the website https://whitebit.com/, within five business days after they are credited to the Main balances of the Winners on the WhiteBIT exchange.

The Winner receives the Prize for free. Replacement of the Prize with its monetary equivalent is not envisaged. The Winner of the Promotion has no right to demand any other compensation from the Organizer.

The received Prize cannot be exchanged or returned.

The Organizer bears no warranty obligations regarding the Prize received within the scope 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 Organizer via support@whitebit.com no later than 26.03.2024, 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.

Winners determined by the results of the Promotion may not transfer the right to receive the Prize to third parties.

The Winner of the Promotion has the right to refuse the Prize.

The Organizer does not compensate the Winner for the additional expenses related to receiving the Prize. The current legislation of the countries of residence of the Participants carries out taxation of the income of the Winners who received the Prize.

By participating in the Promotion, the Participant understands and agrees that any information voluntarily provided to them, including personal data of the Participant, may be processed by the Organizer or third parties engaged by it to conduct the Promotion, carrying out all necessary actions related to it (in particular, but not exclusively, informing about the results of the Promotion both in advertising and in other ways), as well as the subsequent possible sending to the Participant of information, in particular, of an advertising nature, about the Organizer’s next events/competitions/promotions/draws. By accepting the requirements of these Terms, Participants hereby consent to the following processing of personal data for use by the Organizer and/or other persons authorized by the Organizer and confirm their full understanding and necessary awareness of the purposes of processing the information provided, as well as the privacy policy: https://whitebit.com/ua/privacy-policy.

At the same time, by participating in the Promotion, the Participants of the Promotion confirm their consent to the use of their surnames and names without any financial compensation, as well as their agreement to comply with other rules of the Promotion. The Winners confirm their consent to give promotional interviews about participation in the Promotion in mass media, particularly on radio and television, as well as to be photographed for the production of graphic materials without paying them any monetary compensation. All exclusive intellectual property rights to such interviews and photographs shall belong to the Promoter.

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 website https://whitebit.com and the Organizer’s social networks.

The Organizer does not enter into disputes that may arise between the Participants of the Promotion regarding the Prize. In situations that allow an ambiguous interpretation of these Rules and/or issues not regulated by these Rules, the Promotion Organizer makes the final decision in accordance with the requirements of current legislation. At the same time, the decision of the Promotion Organizer is final and cannot be appealed.

The Organizer of the Promotion is not responsible for the work 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 for 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.