1. The 15,000USDe Liquid Earn Giveaway (the “Campaign”) is conducted by Quoine Pte. Ltd. ( “Quoine”) during the period from 15 September 2021, 3:00 PM (JST) to 05 October 2021, 3:00 PM (JST) (the “Campaign Period”).

  2. The Campaign is open only to individual users of the Liquid platform who have a Verified Account with Quoine on Liquid and are active Liquid Earn subscribers (each, a “Participant”), subject to these terms and conditions (please refer here for information on Verified Accounts).

  3. This Campaign is not open to (a) users that are residing, located, domiciled, incorporated or established in the United States of America, Japan or other restricted countries as may be notified by Quoine from time to time or (b) corporate account holders.

  4. The mechanics of the Campaigns are set out below:

    1. Quoine will give away 1,000 USDe weekly to 5 lucky winners. A total of 5,000 USDe to be given away each week.

    2. The winners will be selected based on the following procedure:

      1. The top 50 Participants with the highest total amount subscribed to the Liquid Earn product as of Monday 23:00pm JST weekly during the Campaign Period will automatically be added into a weekly raffle.

      2. 5 unique winners will be randomly selected from the above raffle each week. A total of 15 winners will be selected during the Campaign Period.

    3. Each individual winner will get 1,000 USDe.

    4. Any Participant who has been selected as a winner will be automatically excluded from any subsequent raffles. A maximum of 1,000 USDe can be won by each Participant.

  5. Quoine will distribute all prizes to the winners’ respective Liquid accounts by Tuesday 7:00PM (JST), weekly. Quoine may revise the foregoing schedule in its sole discretion.

  6. Quoine reserves the right, in its sole and absolute discretion, to disqualify or prohibit any person from participating or qualifying in any aspect of the Campaign for any reason, including without limitation if Quoine deems or suspects that such person:

    1. has acted in violation of these terms and conditions, the Liquid Terms of Use, the Liquid Trading Rules or any other agreement entered into with Quoine (whether in relation to this Campaign or otherwise);

    2. has damaged, tampered with, abused or corrupted the operation of the Campaign; or

    3. has engaged in conduct that the Quoine consider inappropriate or unacceptable, which includes (without limitation) conduct inconsistent with the intended operation or purpose of the Campaign as determined by Quoine.

  7. For avoidance of doubt, Participants who engage in prohibited trading conduct through their Liquid accounts (including without limitation wash trading) will be automatically disqualified from all aspects of the Campaign.

  8. If any person is discovered or deemed to be ineligible for the Campaign for any reason, or is prohibited or disqualified under Clause 6 above, Quoine is entitled at any time:

    1. to forfeit, withdraw or withhold any prize; or

    2. where the prize has been paid out and/or utilised, to reclaim such prize and/or deduct the value of the utilised portion of such prize from the winner’s Liquid account in any currency.

  9. In such an event, no person shall be entitled to any payment or compensation from Quoine.

  10. Employees of Quoine or their related corporations may not participate in the Campaign and will be ineligible to receive any prizes under the Campaign.

  11. Quoine’s decisions in any matter in relation to the Campaign will be final and conclusive. All valuations and calculations for the purposes of the Campaign will be determined by Quoine and are final and binding.

  12. Quoine does not take any responsibility for any circumstance or event that may prevent a person from participating in the Campaign as a result of technical restrictions, issues or other limitations such as force majeure, which include (but are not limited to) regulatory considerations, government directives and government intervention of whatsoever nature.

  13. Quoine will not assume any liability for any loss incurred or suffered by any person in connection with the Campaign, howsoever arising, including without limitation, any error in computing prizes due, and any subsequent changes to the prize value (if any).

  14. This Campaign is not valid in conjunction with other campaigns, offers or promotions unless otherwise stated.

  15. 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 prevail.

  16. Quoine reserves the right to cancel, withdraw or amend any aspect of the Campaign or these terms and conditions at their sole and absolute discretion without liability to any person.

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

  18. This Campaign and these terms and conditions are governed by the laws of Singapore and are subject to the exclusive jurisdiction of the Singapore courts.

  19. Each person who enters or participates in any aspect of the Campaign represents and acknowledges that he or she has read, understood, and agree to be bound by these terms and conditions and by all decisions of Quoine without limitation or qualification.

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