1. The “S$10,000 Singpass Giveaway” Campaign (the “Campaign”) is conducted by Quoine Pte. Ltd. (the “Quoine”) during the period from 25 October 2021, 12:00 to 8 November 2021, 23:59 (SGT) or when the Prize (as hereinafter defined) has been fully redeemed, whichever occurs earlier (the “Campaign Period”).

  2. The Campaign is open to both Singapore citizens who have not signed up for/have an individual account with Quoine on Liquid prior to the commencement of the Campaign Period (each, a “Participant”), AND Singapore citizens who have existing, unverified accounts with Quoine on Liquid, subject to these terms and conditions.

  3. This Campaign is not open to (1) users that are residing, located or domiciled in the United States of America, Japan or other restricted countries as may be notified by Quoine from time to time or (2) non-natural persons.

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

    1. The first 300 Participants to fulfil the following criteria will be rewarded with S$20 deposited into their Liquid Account wallet with Quoine (after it is open) (the “Prize”):

      1. Signs up for a Liquid account with Quoine;

      2. Uses their Singpass to complete their KYC;

      3. Is granted a Verified Account on the Liquid platform by Quoine (please refer here for information on Verified Accounts);

      4. Deposits a minimum of SGDe 200 into their Liquid account wallet within 7 days of their Liquid Account becoming verified];

      5. Maintains a minimum wallet balance of greater than SGDe 200 until the conclusion of the Campaign Period

    2. The first 200 Participants to fulfil the following criteria will be rewarded with S$20 deposited into their Liquid Account wallet with Quoine (after it is open) (the “Prize”):

      1. Has a pending, unverified Liquid account with Quoine;

      2. Uses their Singpass to complete their KYC;

      3. Is granted a Verified Account on the Liquid platform by Quoine (please refer here for information on Verified Accounts);

      4. Deposits a minimum of SGDe 200 into their Liquid account wallet within 7 days of their Liquid Account becoming verified];

      5. Maintains a minimum wallet balance of greater than SGDe 200 until the conclusion of the Campaign Period

    3. Winners will be selected on a first come, first served basis

    4. Only Participants who are verified during the Campaign Period will be eligible for the reward

    5. Participants who are on-boarded organically or via paid marketing efforts will be eligible for the Prize

    6. Participants need to be fully KYC approved via Singpass

    7. Limited to one prize per unique Participant.

  5. Quoine will distribute all Prizes in SGDe to recipients’ respective Liquid accounts no later than 7 days after the end of the Campaign Period. Quoine may revise the foregoing schedule in its sole discretion.

  6. Quoine reserves the right, in their 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 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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