Bitcoin Halving Trading Competition

Name of the Competition: “Bitfinex Halving 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 prohibited. Double entries will be disqualified.

Description of the Competition: The competition will take place on the official Bitfinex website (https://bitfinex.com) and will 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: Neither Bitfinex nor anyone from the official Bitfinex team will ever contact you on 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 spot markets for XAUt/BTC. Participants in the competition will be selected based on their trading volume during the Competition Period. All Participants who trade the aforementioned pair during the Competition Period will be included in the Competition.

The Competition Period is APR 15TH 2024 - 00:00 UTC till MAY 3RD 23:59 UTC. At the start of the Competition Period and regularly throughout it, 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. The final selection of winning Participants and any decision to include certain Participants is solely at the discretion of Bitfinex.

1. Eligibility Threshold:

• Participants who trade spot markets of XAUt/BTC during the Competition Period will automatically participate in the competition.
• Participants must trade spot markets of XAUt/BTC during the Competition Period.
• Participants must have at least 3000 USD worth in trading volume in XAUt/BTC  to be eligible.
• Participants who are eligible and win the competition will receive their prizes directly in their Bitfinex account.
• Algo traders and Market Makers are excluded from the winner selection process.

2. General Provisions:

• Bitfinex will verify the authenticity of trades with reference to the Bitfinex Trading Rulebook.
• Any manipulation or deviation from the competition criteria may lead to disqualification.
• For any clarifications, the participant should contact Bitfinex Support HERE
• Bitfinex’s decision will be final and binding in case of any dispute.

3. Prize Pool and Distribution:

The overall prize of this competition is USD 10.000 worth of Bitcoin, distributed in the following way:

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 publicise 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