The following terms and conditions (“Terms”) apply to Crypto Challenge "10 days to become a WXT Millionaire” Competition (the “Competition”) offered by Wirex Digital Service s.r.l. except for Singapore users for whom it is offered by Wirex Pte Ltd (each separately referred to as "Wirex").
Timescale
1. The Competition will run from 09:00 am GMT on the 4th of December 2024 until 4:00 pm (GMT) on the 14th of December 2024 11:59pm (“Competition Period”).
Eligibility
2. This Competiton is only open to users of the Wirex Service (as defined by the applicable Wirex Terms and Conditions in the EEA (European Economic Area) region and Terms and Conditions in Asia Pacific (APAC) region and Terms and Conditions in Australia who have a verified Wirex account and who can sign in with an email address already linked to an active Wirex account only (“Eligible Participants”). Employees, officers, directors and contractors of Wirex are not eligible to participate in the Competition.
3. This Competition applies to purchases or sales of crypto assets (together, the “Crypto assets Transaction”).
4. The Competition applies to each Eligible Participant who completes a Crypto assets Transaction, subject to no minimum or maximum spend within the Competition Period (“Qualifying Transaction”).
5. Any Eligible Participants who complete their Qualifying Transaction prior to or after the Competition Period will fall out of the scope of this Competition.
6. Any Eligible Participant who completes their Qualifying Transaction after the Total Reward Value, as defined below, has been reached will not be eligible for the Competition Reward.
7. Any trading pairs with a 1:1 exchange rate, such as SGD<>XSGD, are excluded from this Competition.
Mechanic
8. Each Qualifying Transaction above $20 and below $100 generates 1 point during the Competition Period. Transactions over $100 generate 2 points. Transactions over $500 generate 10 points. Results are updated daily and displayed via a leaderboard on https://promo.wirexapp.com/, showing users' nick + scores (in points).
9. A leaderboard with a Crypto assets Transaction counts is accessible to anyone during the competition. For this, Users will need to opt in on the dedicated landing page to participate and see the leaderboard).
Reward
10. Eligible Participants who complete a Qualifying Transaction will be eligible to receive the Reward (“Qualifying Participants”) subject to exceptions set out in terms 5-6 above. Six Qualifying Participants with the highest accumulated points (“Winners”) will be rewarded at the end of the Competition Period.
11. The Reward entitlement in WXT (the “Reward”) is based on the quantity of earned points by each Qualifying Participant during the Competition Period and at the time of completion of the Qualifying Transaction, as set out below:
The Winner with the highest score on the leaderboard will be awarded WXT 1,000,000.
Five Winners in positions 2 to 6 on the leaderboard will be awarded WXT 10,000.00 each.
The total Reward amount to be distributed to all Winners in this Competition is WXT 1,050,000.00.
12. In case of a tie in scores at the end of the competition, the following rules will determine the winner:
a. Transaction Volume:
The Qualifying Participant with the highest total transaction volume in USD equivalent during the Competition period will be declared the Winner.
b. Lucky Draw:
If total transaction volumes are tied, a random lucky draw will be conducted among the tied Qualifying Participants to determine the Winner.
The results of the tie-breaker process are final and binding.
13. The Reward will be credited to Qualifying Participants’ WXT accounts automatically during the Competition Period. Once a Qualifying Participant has received the Reward in WXT, it can be converted to traditional currency, once the WXT balance has reached the threshold where exchange is allowed, through the Wirex Platform, at the Qualifying Participants’ discretion.
14. Wirex reserves the right to cancel the Competition and increase or decrease the Total Reward amount at any time. If Wirex cancels the Competition, users will be notified of such change.
General
15. Subject to applicable law, Wirex will not under any circumstances be liable to compensate Wirex Users, Eligible Participants or Qualifying Participants for any losses or damages resulting from their participation in this Competition.
16. Wirex may, at its sole discretion, revise any of these Terms or terminate this Competition at any time without prior notice to any users, Eligible Participants or Qualifying Participants.
17. Wirex launched this competition independently, and there are no partnerships between Wirex and any merchant or other third parties related to it.
18. The Terms of this Promotion are governed by the laws of Croatia, and the parties irrevocably agree that the courts of Italy shall have exclusive jurisdiction to hear, settle and/or determine any dispute, controversy or claim (including any non-contractual dispute, controversy or claim) arising out of or in connection with this Promotion.