1. Preamble

The following terms and conditions (“Terms”) set forth the rules for participating in the respective Blockpit Promotion Event (“Promotion”) of the Blockpit AG, FN 477383i, with its corporate seat in Peter-Behrens-Platz 9, 4020 Linz, Austria (“Blockpit”), and the legal relationship between Blockpit and the participants arising thereof. By participating in the Promotion, all Participants (as defined below) confirm and accept these Terms as well as the applicable terms and conditions of Blockpit in its current version which are an integral part of these Terms. 

During the Promotion Period (as defined herein), only fully verified and registered Blockpit users that (i) acquire or have already acquired a Blockpit License for 2022, and (ii) accept these Terms are allowed to participate in the Promotion as long as such Blockpit user is not a person or legal entity performing market making services or any similar services (“Participant”). Blockpit reserves any right to exclude, at its sole discretion, Participants depending on their country of residence, due to regulatory or statutory reasons.

For clarity, any translation of these Terms shall only be deemed as a point of reference and therefore the English version shall prevail in any case.

2. Promotion Period and Winners

The Promotion Period starts on the 24th of November, 2021, at 00:00 CET and ends on the 31st of December, 2021, at 23:59 CET (“Promotion Period”). 

After the Promotion Period ends, Blockpit will randomly select 3 (three) Participants (each of them referred to as “Winner” and collectively the “Winners”) from all eligible Participants who meet the above criteria and place them in first, second and third place using a random selection process. If a Winner claims their respective prize (all together the “Prizes”), Blockpit will forward them based on their place the following:

Participants who have been declared winners in accordance with this Section 2 will be notified via email (under which they are registered on Blockpit.io) between January 10th and 15th, 2022 and will have 1 (one) week to claim their prize via this registered email.

All Participants acknowledge and accept that Blockpit, at its sole discretion, may amend and/or call off the Promotion at any time and that they have no legal claims against Blockpit arising out of or in connection with this Promotion. 

3. Promotion Prizes

All Participants acknowledge and accept that only such Participants who (i) meet all the requirements set forth in Section 2, and (ii) provide a valid Bitcoin-wallet-address (the “Participant Wallet”), and (iii) were not, for whatever reason, disqualified by Blockpit in accordance with Section 4, shall be eligible to be selected as Winners.

The EUR value of the Prizes is determined by the market value according to the Bitcoin/EUR trading pair on coinmarketcap.com at the time of transfer to the Winners. Blockpit will strive to transfer the payment of the Prizes in Bitcoin to the Participant Wallet as soon as possible after the end of the Promotion Period. All Participants acknowledge and agree that said transfer may be delayed and Blockpit shall not be liable for any losses arising out of or in connection with any such delay (e.g., losses due to price changes).  

4. Disqualification

Participants hereby acknowledge and accept that Blockpit may at its sole discretion disqualify a Participant from the Promotion at any time for whatever reason, including but not limited to cases where Blockpit suspects collusion between the Participants aimed at manipulating the Promotion or any other action by the Participants deemed unfair by Blockpit.

Participants hereby acknowledge and accept that any breach of these Terms and/or any other terms and conditions of Blockpit may result in disqualification.

If disqualified, Participants hereby acknowledge and accept that they will not have any claim against Blockpit including, but not limited to, any direct or indirect losses they might have accumulated in connection with the participation in the Promotion.

5. Blockpit’s Liability

Participants hereby acknowledge and accept that Blockpit is not responsible for the correctness and/or accuracy of the data provided by any Participant. Moreover, Participants hereby acknowledge and accept that Blockpit will not be liable for any direct or indirect losses they may accumulate in connection with their participation in the Promotion and that no right or claim against Blockpit can arise thereof. Also, Participants will have no rights or claims against Blockpit regarding the procedure or its results.

6. Data Protection

Blockpit collects Participants’ personal data on the basis of their respective consent in accordance with Article 6 (1) lit. a General Data Protection Regulation 2016/679 (“GDPR”) and insofar as this is necessary for the establishment of the legal relationship with the Participant and for the subsequent implementation and handling of the Promotion.

For more information regarding Blockpit’s privacy policy, in particular on how, why and how long personal data is processed and which rights Participants have according to the GDPR, please visit here: https://blockpit.io/en/privacy/ 

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