As more companies consider allocating corporate treasury balances to Bitcoin, and institutional investors increasingly deploy funds to crypto as the fastest growing alternative asset class, the finite supply of Bitcoin and other cryptocurrencies, means there is a race on now to own crypto assets. We are launching our own Race for Crypto competition (“Campaign”) Subject to the General Terms and Conditions of the Campaign:

The Campaign will start on Monday, February 22nd, 2021, 00:00 UTC and ends on Thursday, March 4th, 2021, 00:00 UTC (“Campaign Period”),

The Campaign is open to all EQUOS customers who have reached KYC level 2 (“Participants” or “Qualified Participants”)).

The Campaign is also open to all customers of Margin.de. The first 50 participants who use any of the Margin.de suite of trading algorithms and reach a minimum of 100,000 USDC equivalent worth of trading volume on EQUOS during the campaign period will win an additional 250 USDC each.

There are four races (the “Tiers”) to enter:

The Sprint

  • Prize Pool: 10 ETH
  • Enter the Sprint by being among the first 50 runners to trade more than 50,000 USD of volume.
  • Once you are in the Sprint, you can get a volume-proportionate share of 10 ETH with other runners with up to 950,000 USD of your subsequent volume generated.

The Middle Distance Race

  • Prize Pool: 1 BTC
  • Enter the Middle Distance race by being one of the first 25 runners to trade more than 1,000,000 USD of volume.
  • Once you are in the Middle Distance race, you can get a volume-proportionate share of 1BTC with other runners with up to 2,000,000 USD of your subsequent volume generated.

The Marathon

  • Prize Pool: 1 BTC
  • Enter the Marathon by being one of the first 15 runners to trade more than 3,000,000 USD of volume.
  • Once you are inside the Marathon, you can get a volume-proportionate share of 1BTC with other runners with ALL your subsequent volume generated above 3,000,000 USD.
  • Individual rewards are capped to 0.5 BTC per individual for the Marathon.

The Ultra

  • Prize Pool: 1 BTC
  • Enter the Ultra by being one of the first 10 customers to trade more than 7,000,000 USD of volume.
  • Once you are inside the Ultra, you can get a volume-proportionate share of 1BTC with other runners with ALL your subsequent volume generated above 7,000,000 USD.
  • Individual rewards are not capped for the Ultra.

Trading volume is calculated as the execution price of the asset multiplied by the amount of asset bought or sold.

Individual rewards for each tier will be calculated as your individual trading volume within each tier’s volume threshold/ total trading volume generated within each tier’s volume threshold by all Qualified Participants multiplied by the tier’s allocated prize pool.

For example: If you generate 10,000,000 USD of volume within the campaign period:

  • 950,000 USD (generated between 50,000 - 1,000,000) of your volume will be counted towards the first race, to share 10 ETH with everyone else qualifying for the same race.
  • 2,000,000 USD (generated between 1,000,000- 3,000,000 USDC of volume) will be counted towards the second race, to share 1 BTC with everyone else qualifying for the same race.
  • 7,000,000 USD (generated between 3,000,000 - 10,000,000 USDC of volume) will be counted towards the third race, to share 1 BTC with everyone else qualifying for the same race, capped to 0.5 BTC per individual.
  • 3,000,000 USD (generated between 7,000,000 - 10,000,000 USDC of volume) will be counted towards the fourth race, to share 1 BTC with everyone else qualifying for the same race, with no cap per individual.

All trading volumes generated across spot and perpetual pairs will qualify. Total rewards available to Participants will be capped to an overall maximum of 10 ETH, 3 BTC, and 12,500 UDSC.

The winners of the Campaign need to have completed KYC level 3 by Thursday, March 4th, 2020, 00:00 UTC to qualify for his/her winning rewards.

Employees of Diginex and EQUOS.io, a Diginex Group Brand who have onboarded to Margin.de will not be eligible for the additional 250 USDC reward.

Reward recipients will receive an email in the week of March 8th announcing your winning status (“winning announcement email”).

The pay-out process will start within 1 week of the delivery of your winning announcement email. EQUOS Customer Support will reach out to the winners to collect your BTC, ETH, and/or USDC wallet information during this process. If you cannot provide/confirm your wallet information within 5 days of receiving communications from EQUOS Customer Support, you will not be eligible for your rewards.

Campaign General Terms and Conditions

EQUOS refers to Diginex Capital Pte. Ltd. (“EQUOS”, which term shall include its affiliates). For the purpose of this Campaign, “you”, “your”, or “users”, “customers” refers to you or any agent, contractor, employee, or person authorized to act on your behalf. “We”, “us”, and “our” refer to EQUOS.

The Campaign is (a) only open to persons that are at least 18 years old and of legal age in their jurisdiction, (b) not open to residents of Singapore or of any restricted jurisdictions, and (c) not open to residents of any jurisdiction prohibiting or limiting such campaigns. Customers not permitted to participate in the Campaign will not receive any rewards or rebates from EQUOS.

Any directors and officers of EQUOS do not qualify for any awards from the Campaign.

We will not be responsible for any lost opportunity to earn rewards or rebates due to any cause (such as technical difficulties or over-capacity, system overload or load shedding, regulatory considerations, government directives, and government intervention) preventing registration of account, accepting deposits, executing trades, closing positions, or providing any other services to customers, or any subsequent changes to the terms and conditions of this campaign.

All valuations and calculations for the purposes of the campaign shall be determined by us and are final and binding.

By participating in the Campaign you acknowledge that there is no guarantee of receiving a reward and that any reward you may receive cannot be transferred, exchanged, or converted into another form unless otherwise specified.

All trading volumes should be a result of legitimate trade transactions and Participants are reminded that wash trading, spoof trading, or other prohibited trading practices are strictly forbidden. Any related party transactions or transactions that are in concert with other traders are also prohibited.

Participants must keep one alias throughout the campaign period. Participants who change their alias within the campaign period will forfeit any reward he or she may have been the recipient of.

Participants must indicate your preference under your EQUOS account setting to be included in Leaderboard and Promotions at all times during the campaign period. If you indicate at any point during the campaign period to be excluded from Leaderboard and Promotions, you will be excluded from the campaign.

EQUOS appointed market makers and institutional customers may also not participate in the Campaign and will be ineligible to receive any prize or award under this Campaign.

If you are deemed to be ineligible for this campaign for any reason or are prohibited or disqualified, we are entitled to at any time: (i) to forfeit, withdraw or withhold any or all rewards; (ii) where the reward has been paid out and/or utilized, to reclaim any or all of such reward and/or deduct the value of the utilized portion of such reward from your accounts with EQUOS in any cryptocurrency or currency.

We reserve the right, in our sole and absolute discretion, to disqualify or prohibit a user or any other person from participating in any aspect of this campaign for any reason, including without limitation if we deem or suspect that such person: (i) has acted in violation of these terms and conditions, the EQUOS Terms & Conditions or EQUOS Trading Rules or any other agreement entered into with EQUOS (whether in relation to this campaign or otherwise) (ii) has damaged, tampered with, abused or corrupted the operation of the campaign; or (iii) has engaged in conduct that EQUOS considers inappropriate or unacceptable, which includes (without limitation) conduct inconsistent with the intended operation or purpose of this campaign as determined by EQUOS.

We may, at our sole discretion, decline anyone as a customer and suspend or terminate, in whole or in part, any account or other business relationship with any of our customers at any time, in our sole and absolute discretion.

A user who closes his or her account for any reason before the completion of the Challenge pay-out date will forfeit any reward he or she may have been the recipient of.

We reserve the right to amend or modify any of these terms and conditions, and to adjust, withdraw or cancel the Campaign, the reward from time to time without prior notice and without assigning any reasons whatsoever, notwithstanding that such amendment may be to the disadvantage to a user.

In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Campaign, these terms and conditions shall prevail.

In case of any ambiguity, doubts, or disputes arising out of or under any of these terms and conditions or any communications, our decision is final and conclusive in all circumstances without assigning any reasons whatsoever.

We shall not be responsible or liable for any direct, indirect, incidental, punitive, special, or consequential damages for any reason whatsoever related to or in connection with this Campaign, your use or inability to use our web site(s) or the materials and content of the web site(s) or any other web sites link to such web site(s) or your provision of any personally identifiable information to backend service provider or any third party under any circumstances. This limitation applies regardless of whether the alleged liability is based on contract, tort, warranty, negligence, strict liability, or any other basis, even if we have been advised of the possibility of such damages or such damages were reasonably foreseeable. Certain jurisdictions do not permit the elimination or limitation of liability for consequential or incidental damages, therefore our liability in such jurisdictions shall be limited to the greatest extent permitted by law. If any provision of this limitation of liability is found to be unenforceable, only such provision shall be removed and the remainder shall be enforced to the greatest extent permitted by law.

These terms and conditions are governed in all respects by and construed in accordance with the laws of Singapore. The parties submit to the exclusive jurisdiction of the courts of Singapore.

By participating in the Campaign, you represent and acknowledge that you have read, understood, and agreed to be bound by these Campaign terms and conditions and by all our decisions without limitation or qualification.

This page does not constitute any offer, invitation, or recommendation to any person to enter into any transactions described therein or any similar transactions.

A person who is not a party to these terms and conditions will have no rights under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce any of these terms and conditions.

Any Campaign inquiries should be addressed to our Customer Support team via help@equos.io or by clicking on the chat widget at the bottom right-hand side of the EQUOS page.

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