Terms and Conditions of Participation in the “WhiteBIT 5th Birthday Referral Program” Promotion

WhiteBIT
Published 08 November 2023
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Terms and Conditions of Participation in the “WhiteBIT 5th Birthday Referral Program” Promotion

Content

To celebrate our fifth birthday, we have a Promotion with a 7000 USDT prize pool! How to join:

  1. Sign up for WhiteBIT exchange and confirm your identity (KYC);
  2. Invite friends using your referral link;
  3. Ensure that your referrals have registered and confirmed their identities.

Depending on the number of invites, earn from 1 to 2 USDT for each friend who registers on the WhiteBIT exchange through your referral link and completes the identity verification process (KYC).

You can invite up to 300 friends and, if they fulfill the activity conditions, receive up to  600 USDT! Additionally, earn up to 50% from the trading fees of your invited referrals. Your referral will receive 1 USDT for registering and confirming their identity.

Promotion period: 13 November 2023 – 13 December 2023

Learn details below.

Official Rules and Details of the Promotion:

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

The Promotion period will commence from the 13th of November, 11 p.m. (UTC) to the 13th of December, 12 p.m.* (UTC).

*The promotion will end earlier if the number of invited participants reaches 3000.

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, “Pridnestrovian Moldavian Republic,” temporarily occupied territories of Georgia, “Republic of Artsakh,” Turkish Republic of Northern Cyprus, Western Sahara, Federal Republic of Ambazonia, Kosovo, South Sudan, Canada, and temporarily occupied territories of Ukraine.

Participants must 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.

For any inquiries or communication with the Organizer, Participants may contact the Organizer directly via email at support@whitebit.com or via chat on the official website at https://whitebit.com.

The Promotion is organized with the primary objective of promoting the WhiteBIT brand.

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:

For the first time signed up for the website https://whitebit.com/ or are already registered users and have passed identity verification (KYC);
Received a personal referral link by clicking the “Invite Referrals” button on the promotional website.
Sent this referral link to new users, so they use it to register on the website https://whitebit.com and pass the identity verification process (KYC), becoming Referrals.
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, advertising, tax, and accounting relations.

Participants who are employees, representatives, or agents of the Organizer and 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 have the opportunity to become Winners and win a share of the Prize fund, which amounts to 7000 USDT.

The Promotion allows an unlimited number of Winners.

Each Referral will receive 1 USDT in terms of the Promotion. The maximum possible number of Referrals is 3000 persons.

Participants who invite Referrals have the opportunity to receive a Prize ranging from 1 to 2 USDT, depending on the total number of invited Referrals.

To earn the Prize, the invited Referral must register on the WhiteBIT exchange using the referral link provided by the Participant and pass the identity verification procedure (KYC).

Each Participant can invite up to 300 Referrals inclusively.

The size of the Prize is determined by the number of Referrals invited by the Winner, who in turn has registered on the WhiteBIT exchange and passed the identity verification process (KYC). The distribution of the Prize amount is as follows:

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

In addition to the Prize, Participants earn up to 50% of the trading fees from their invited Referrals.

Participants who are invited via the referral link have the opportunity to earn a Prize of 1 USDT if they register on the WhiteBIT exchange using the referral link provided by the Participant and successfully complete the identity verification process (KYC).

Based on the results of the Promotion in the period from the 13th of December 2023 until the 20th of December 2023, the Organizer forms a list of Participants who meet the Conditions of the Promotion, as well as the list of Referrals who have registered during the Promotion.

The Winners of the Promotion will be determined among all Participants who have met its Terms and Conditions. A list of the Winners with their nicknames on the WhiteBIT exchange will be published in this article on December 21, 2023.

The Organizer will deposit the Prizes to the Winners’ Main balances on WhiteBIT within 5 business days following the announcement of the Winners.

Prize Bonuses will be credited to the Referrals’ Main Balances on the WhiteBIT exchange within 5 business days following the publication of the Winners’ list.

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 5 business days after the Prizes are credited to the Winners’ accounts.

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.

If 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 support@whitebit.com, or engage in a chat conversation by no later than the 1st of January 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.

IMPORTANT! During the participation in the Promotion, it is prohibited to register on the exchange multiple times (to use multiple accounts). Participants 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 collaboration with affiliated users to manipulate orders is prohibited and will lead to the closure of all accounts without the owner’s consent. In case of detection of multiple accounts creation, the Organizer reserves the right to close the second created account and any subsequent multi-accounts.

The Organizer does not provide compensation for any additional expenses arising from the Winner’s receipt of the Prize. The tax on the Prize income received by the Winners shall be carried out per the prevailing legislation.

By participating in the Promotion, the Participant acknowledges and agrees that any voluntarily provided information, including personal data, may be processed by the Organizer or third parties engaged by the Organizer to conduct the Promotion and perform all necessary related activities. This includes, but is not limited to, informing Participants about the results of the Promotion through advertising or other means. Participants may also receive further information, particularly of an advertising nature, about subsequent events, competitions, promotions, or raffles organized by the Organizer. By accepting these Terms and Conditions, Participants explicitly consent to processing their personal data by the Organizer and/or other authorized entities. Participants confirm their full understanding and necessary awareness of the purposes for processing the provided information and the privacy policy, accessible at https://whitebit.com/privacy-policy.

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 case of any discrepancies or inaccuracies arising from translation across multiple languages utilized in the Promotion, the English rendition shall be deemed authoritative and 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.