The “ZUSD Buy, Earn & Win” Campaign (the “Campaign”) is conducted by Quoine Pte. Ltd. (the “Quoine”) during the period from 24 November 2021, 12:00 to 15 December 2021, 23:59 (SGT) or when the Prize (as hereinafter defined) has been fully redeemed, whichever occurs earlier (the “Campaign Period”). Quoine may revise the foregoing campaign schedule in its sole discretion.
The 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.
The mechanics of the Campaigns are set out below:
The first 100 Participants to fulfil the following criteria will be rewarded with the equivalent of 10% of the ZUSD used to satisfy the criteria set out below during the Campaign Period credited into their Liquid Account wallet with Quoine (after it is open), subject to a maximum reward of 100 ZUSD (the “Prize”):
Has a Verified Account on the Liquid platform by Quoine (please refer here for information on Verified Accounts);
Buys a minimum of 50 ZUSD using our Liquid Buy product (Existing ZUSD holders will need to Buy ZUSD during the Campaign Period to be eligible);
Subscribes a minimum of 50 ZUSD into our Liquid Earn product where you may enjoy 10.02% APY; and
Maintains the subscribed ZUSD referred to in (iii) above in Liquid Earn for a minimum of 14 days
Winners will be selected on a first come, first served basis
Participants need to be fully KYC approved
Limited to one prize per unique Participant.
Quoine will distribute all Prizes in ZUSD 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.
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:
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);
has damaged, tampered with, abused or corrupted the operation of the Campaign; or
has engaged in conduct that Quoine considers inappropriate or unacceptable, which includes (without limitation) conduct inconsistent with the intended operation or purpose of the Campaign as determined by Quoine.
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.
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:
to forfeit, withdraw or withhold any prize; or
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.
In such an event, no person shall be entitled to any payment or compensation from Quoine.
Employees of Quoine or their related corporations may not participate in the Campaign and will be ineligible to receive any prizes under the Campaign.
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.
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.
Quoine will not assume any liability for any loss incurred or suffered by any person in connection with the Campaign, however arising, including without limitation, any error in computing prizes due, and any subsequent changes to the prize value (if any).
This Campaign is not valid in conjunction with other campaigns, offers or promotions unless otherwise stated.
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.
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.
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.
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.
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.