1. QUOINE Pte Ltd (the “Organiser”) reserves the right to cancel or amend the Liquid ONT Trading Challenge Campaign (the “Campaign”) or Campaign Rules at our sole discretion.
  2. During the period from 23 January 2019 00:00 AM GMT+8 to 22 February 2019  23:59 PM GMT+8 (the “Campaign Period’), Liquid users who have a live, KYC-verified trading account on Liquid (“Participants”) will be allowed and automatically take part in the Campaign, subject to these terms and conditions. Residents of Japan will not be allowed to participate in this Campaign
  3. By entering the Campaign, the Participant represents that he or she has read, understood and agreed to be bound by these terms and conditions of entry and agrees to be legally bound by these terms and conditions and decisions of the Organiser without limitation or qualification.
  4. Organiser reserves the sole and absolute right to disqualify any Participant or to reject Participants deemed ineligible for the Campaign (be it under these terms and conditions or by having engaged in a conduct that the Organiser considers inappropriate or unacceptable).
  5. The Campaign is broken down into three sub-campaigns below:

a. Sign Up on Liquid Campaign

  • Timing: This sub-campaign period starts on 23 January 2019 00:00 AM GMT+8 and ends on 22 February 2019 23:59 PM GMT+8. 
  • Eligibility: To be eligible, a Participant must (A) sign up for an account on Liquid via a referral link provided by ONT (Ontology) during Campaign Period and (B) maintain a balance of at least 20 ONT tokens in his/her Liquid account until the end the Campaign Period on the 22 February 2019 23:59 PM GMT+8.
  • Bonus Amount: Subject to Section 9 below, each Participant who satisfies the eligibility criteria in item a.ii. above will receive a bonus of 15 ONT tokens.
  • Limitation: Participation in the Sign Up on Liquid Campaign is limited to the first 888 Participants who satisfy the eligibility criteria in item a.ii. above.

b. ONT Trading Challenge 

  • Timing: This sub-campaign period starts on 23 January 2019 00:00 AM GMT+8 and ends on 22 February 2019 23:59 PM GMT+8.  
  • Eligibility: To be eligible, a Participant must possess an already KYC-ed Liquid account and must possess a minimum of 100 ONT tokens in his/her Liquid account as of the end of the Campaign Period on the 22 February 2019 23:59 PM GMT+8. 
  • Bonus Amount: Subject to Section 9 below, each Participant (based on their ranking in the Trading Challenge) who satisfies the eligibility criteria in item b.ii. above would be eligible for the prizes. Rankings are based on ONT Trade Volume accumulated over the course of the Campaign Period. 

Prizes for Trading Challenge

1st Place: 10,000 ONT

2nd Place: 5,000 ONT

3rd Place:  3,000 ONT

4rd - 10th Place: 1000 ONT Each

11th - 30th Place: 750 ONT Each

31st to 130th: 200 ONT Each

  • Limitation: Participation in the Trading Challenge Campaign is limited to the top 130 Participants who satisfies the eligibility criteria in item b.ii. above.

c. ONT Trading Challenge Special Ranking Bonus

  • Timing: This sub-campaign period starts on 23 January 2019 00:00 AM GMT+8 and ends on 22 February 2019 23:59 PM GMT+8.  
  • Eligibility: To be eligible, a Participant must co an already KYC-ed Liquid account and must possess a minimum of 100 ONT tokens in his/her Liquid account as of the end of the Campaign Period on the 22 February 2019 23:59 PM GMT+8. Participants must also be a participant of the ONT Trading Challenge.
  • Bonus Amount: Subject to Section 9 below, each Participant who satisfies the eligibility criteria in item b.ii. above and come in at 38th, 48th, 58th, 68th, 78th, 88th, 98th, 108th, 118th and 128th rank in the Trading Challenge would be eligible for an additional bonus of 300 ONT Tokens:
  • Limitation: Participation in the Trading Challenge Campaign is limited to the top 130 Participants who satisfies the eligibility criteria in item b.ii. above.

6. Organiser will announce the bonus recipients of the Campaign by 27 March 2019. An email confirmation will be sent to all bonus recipients to complete the distribution of the applicable bonus amounts.

7. Participants who engage in Wash Trading (Selling and Repurchasing the same Digital Asset to give the impression of Trading Volume and/or Price increase, in order to make profit) will automatically be disqualified.

8.QUOINE staff may not participate in the Campaign and will be ineligible to receive bonus amounts.

9. To receive the bonus amounts, Participants must possess a live, KYC-verified trading account with Liquid. The prize will be credited to this trading account by 10 April 2019 17:00 PM GMT +8.

10. Organiser’s decisions in any matter in relation to the campaign shall be final and conclusive. Any request for appeal and review shall not be entertained.

11. Organiser does not take any responsibility in the case of an event that may prevent the Participants from participating in the campaign, as a result of certain technical restrictions or other limitations specific or force majeure, which include but are not limited to regulatory events, government directive, government intervention, and acts of God.

12. This Campaign is governed by the laws of Singapore and shall be subject to the exclusive jurisdiction of the Singapore courts.

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