Name of the Competition: “Bitfinex Altcoin of the Month 2 - Trading Competition” (the “Competition”)
This Competition Description is meant to be read in conjunction with the General Rules for Competitions on Bitfinex.com.
VOID WHERE PROHIBITED BY LAW
This Competition is only available to users who are at least 18 years of age and are not a Prohibited Person as defined in the Bitfinex Terms of Service. The General Rules for Competitions and this Competition Description will govern in the event of any discrepancy in social media posts or any other description of this Competition.
Adherence to the Bitfinex Trading Rulebook is mandatory for all participants.
Prohibited Use: Entries from participants owned or controlled by the same person are not permitted. Double entries will be disqualified.
Description of the Competition:
The Competition will take place on the Official Bitfinex website (https://bitfinex.com) and be announced on our social media channels. You can always identify the official Bitfinex socials via our Help Center or by consulting the Bitfinex Social Media channels page here. Links to our social media channels can also be found in the footer of the http://bitfinex.com website.
Please note: Bitfinex, nor anyone from the official Bitfinex team will ever contact you on any social media to ask for personal account information or share any files with you.
The Competition will target top traders (the “Participants”) accounts on Bitfinex that have trading volume, during the Competition Period, on any spot Radix ($XRD), Solana ($SOL) and SEI ($SEI) pair. Participants in the competition will be selected based on their trading volume during the Competition Period. All Participants that trade the mentioned tokens during the Competition Period, will be automatically included in the Competition.
The Competition Period is 23rd Jan 2024 00:00 UTC till 15th Feb 2024 23:59 UTC. At the start of the Competition Period, and regularly throughout the Competition Period, Bitfinex will publish posts announcing the competition on all its official social channels.
To join the Competition, you must have a verified Bitfinex account at a Basic Plus level, or above. You can sign up to Bitfinex at https://www.bitfinex.com/sign-up
Competition Process for Participants:
The process for selecting and including Participants in the competition will be undertaken by Bitfinex and the final selection of winning Participants and any decision to include certain Participants is solely at the discretion of Bitfinex.
1. Eligibility Threshold:
- Users must trade spot markets of Radix ($XRD), Solana ($SOL) and SEI ($SEI), regardless of the pair during the Competition Period.
- Participants can receive prizes from all the token prize pools for their trading in Radix ($XRD), Solana ($SOL), and SEI ($SEI).
- Algo traders and Market Makers are excluded from the winner selection process
2. General Provisions:
- Bitfinex will verify the authenticity of trades by the Bitfinex Trading Rulebook.
- Any manipulation or deviation from the competition criteria may lead to disqualification.
- For any clarifications, the participant should reach out to our team by the official Bitfinex Support HERE
- Bitfinex’s decision will be final and binding in case of any dispute.
3. Prizing Pool and Distribution
The overall prize of this competition is USD4500, distributed across three pools with USD 1,500 allocated to each token $XRD, $SOL and $SEI.
20 winners for each USD 1500 pool will receive:
- 1st place - 250 USD worth of tokens
- 2nd place - 200 USD worth of tokens
- 3rd place - 150 USD worth of tokens
- 4th place - 100 USD worth of tokens
- 5th to 20th place - 50 USD worth of tokens
Prizes will be distributed according to the exchange rate on the distribution day.
4. Results Announcement:
- Following the conclusion of the competition, Bitfinex will take up to 4-6 weeks to deliver prizes to the winners.
- For security reasons, Bitfinex will never publicize personal data in any winner announcements, however except where prohibited by law, Participants grant Bitfinex and its designees the right to use their chosen trading names and trading volume(s) for purposes of selecting and broadcasting winners and for advertising and promotional purposes for the Competition and similar promotions, worldwide, and in perpetuity without additional compensation, review or approval rights, notification or permission
Disclaimer: Bitfinex reserves the right to make changes without prior notice. Keep up to date by referring to this Competition Description and the General Rules for Competitions on Bitfinex.com
Accordingly, capitalised terms used, but not defined in this Competition Description, have the meanings set out in the General Rules for Competitions: https://www.bitfinex.com/legal/general/competitions-terms