“EUROC Giveaway Part 2” Terms

Acceptance of Qovex “EUROC Giveaway Part 2” Terms

By participating in the Qovex EUROC Giveaway Part 2 promotion (the “EUROC Giveaway Part 2”) you (“you, your, yourself”) agree to accept and comply with the terms and conditions of this EUROC Giveaway Part 2 Terms (the “Terms”) and other applicable conditions communicated to you before participation in the EUROC Giveaway Part 2.

You should read the entire Terms carefully before participating in the EUROC Giveaway Part 2.

Organization of the EUROC Giveaway Part 2

Each of the following entities are involved in the organization of the EUROC Giveaway Part 2:

  • Qovex Europe S.A., registered with the Luxembourg Trade and Companies Register under the number B196856 and with its registered address at 40, avenue Monterey L-2163 Luxembourg, Grand Duchy of Luxembourg (“Qovex S.A.”);
  • Qovex Limited, registered with Registrar of Companies for England and Wales with registration number 8157033 and with registered office at 1300 E 9TH ST STE 1205 CLEVELAND OH 44114, , (“Qovex Ltd”);
  • Qovex Global Ltd, registered with Registrar of Corporate Affairs of the British Virgin Islands with registration number 2086429 and with registered office at Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands (“Qovex Global”).

“Qovex” in each case refers to either Qovex S.A. or Qovex Ltd or Qovex Global - the entity which you are the customer of. Depending upon the context, “Qovex” may also refer to the services, products, website, content, or other materials (collectively “Qovex Services”) provided by Qovex S.A. and/or Qovex Ltd and/or Qovex Global.

Promotion of the EUROC Giveaway Part 2

Qovex will promote and communicate the EUROC Giveaway Part 2 only through Qovex-owned channels such as the Qovex website () and Qovex official social media accounts. All communication via Twitter shall be performed from the Qovex Twitter Account with Twitter handle @Qovex available at: https://twitter.com/Qovex. Do not respond to any request from other websites and/or social media accounts and do not send any amount of crypto assets to any account in order to verify your address or register for this EUROC Giveaway Part 2.

EUROC Giveaway Part 2 Period

EUROC Giveaway Part 2 will be active from 8 August 2023 at 12:00 UTC to 8 November 2023 at 11:59 UTC (“EUROC Giveaway Part 2 Period”).

Access

You can access EUROC Giveaway Part 2 through your Qovex Pro App, or your web browser.

Eligibility Criteria

To be able to participate in the EUROC Giveaway Part 2, you must fulfil the Eligibility Requirements and not be subject to the Eligibility Exclusions.

Eligibility Requirements:

To be able to participate in the EUROC Giveaway Part 2, you must be a retail client with a verified Qovex account.

Eligibility Exclusions:

You do not satisfy the eligibility criteria and cannot participate in EUROC Giveaway Part 2 if you:

  • are a resident of the United States of America, the and/or Singapore;
  • are a legal entity and/or you are registered for a corporate Qovex account;
  • are disqualified from the EUROC Giveaway Part 2;
  • do not keep your Qovex account in good order and in accordance with provisions of applicable Qovex Terms of Use.

You are not eligible to participate in Buy & Win 100 EUROC, if you have already received a prize for Buy & Win 100 EUROC in a similar EUROC giveaway organized by Qovex between 2 March 2023 and 2 June 2023 (“Previous Deposit & Win 100 EUROC Giveaway”).

A person who fulfils all the above eligibility criteria is hereafter referred as the “Participant”. If, however, the term Participant refers to only one of the independent promotions as specified below, “Participant A” and/or “Participant B” shall be referenced in line with the specifics of such independent promotion.

Duality of the EUROC Giveaway Part 2

EUROC Giveaway Part 2 consists of two (2) independent promotions:

  • Promotion A: Buy & Win 100 EUROC; and
  • Promotion B: Trade & Win up to 10,000 EUROC.

You can participate in both promotions subject to satisfying the eligibility criteria. There is a single opt-in for Promotion A and Promotion B within EUROC Giveaway Part 2, meaning that once you opt in for EUROC Giveaway Part 2 you may participate in both.

All references to EUROC Giveaway Part 2 refer to both (i) Buy & Win 100 EUROC and (ii) Trade & Win up to 10,000 EUROC, whereby specific reference to only one of them applies solely to the specifically referred one. The same applies for Participant, Winner, Prize and Participation Process, all when not limiting their reference to one specific promotion, apply to both.

Promotion A: Buy & Win 100 EUROC

1) Participation Process A

To participate in Buy & Win 100 EUROC you must within the EUROC Giveaway Part 2 Period complete the following steps (“Participation Process A”):

  1. Opt in for EUROC Giveaway Part 2 and accept the Terms;
  2. Reach at least 1,000 (one thousand) EUROC balance in your Qovex account.

Steps in Participation Process A do not have to be satisfied in any particular order as long as all of them are performed within the EUROC Giveaway Part 2 Period.

Requirement to reach at least 1,000 (one thousand) EUROC balance under point 2) of the Participation Process A is satisfied if Participant A reaches the required amount at any time during the EUROC Giveaway Part 2 Period, irrespective of the number of purchases or deposits performed to reach the required amount. There are no requirements with respect to EUROC holding duration.

2) Prize

Buy & Win 100 EUROC prize pool is 25,000 (twenty-five thousand) EUROC tokens (“Prize A”). Prize A will be distributed to up to 250 unique Participants A (the “Winners A”) in the amount of 100 (one hundred) EUROC per Winner A. Winners A will be determined on a first-come-first-serve basis, i.e., the first 250 Participants A that complete the Participation Process A. Winners A will be determined based on time of completion of either step 2) of the Participation Process A irrespective of the time of opt-in.

If there will be less than 250 Participants A satisfying the eligibility criteria for Buy & Win 100 EUROC, Qovex reserves the right not to distribute the whole prize pool reserved for Buy & Win 100 EUROC.

Promotion B: Trade & Win up to 10,000 EUROC

1) Participation process

To participate in Trade & Win up to 10,000 EUROC, you must during the EUROC Giveaway Part 2 Period complete the following steps (“Participation Process B”):

  1. Opt in for EUROC Giveaway Part 2 and accept the Terms.
  2. Generate trading volume on any EUROC eligible trading pairs (i.e., EUROC/EUR and EUROC/USDC) listed on the Qovex exchange.

Steps in Participation Process B do not have to be satisfied in any particular order as long as both of them are performed within the EUROC Giveaway Part 2 Period.

2) Prize

Participants B will share a prize pool of 50,000 (fifty thousand) EUROC tokens (the “Winner(s) B”).

Share of each Winner B (the “Prize B”) depends on (i) Winner B’s EUROC spot trading volume during the EUROC Giveaway Part 2 Period (the “Winner B’s EUROC Trading Volume”) irrespective of the time of the opt-in; and (ii) EUROC total spot trading volume as the sum of trading volume of all Participants B on EUROC/EUR and EUROC/USDC trading pairs on the Qovex exchange during the EUROC Giveaway Part 2 Period irrespective of the time of the Participants B opt-in (the “EUROC Total Trading Volume Of Participants B”). Each Prize B is calculated based on Winner B’s EUROC Trading Volume divided by EUROC Total Trading Volume Of Participants B and multiplied with the prize pool of Promotion B (i.e., 50,000 EUROC tokens).

Prize B = (Winner B's EUROC Trading Volume / EUROC Total Trading Volume Of Participants B) × 50,000 EUROC

Maximum cap: Prize B has a cap for each Participant B at 10,000 (ten thousand) EUROC.

Minimum cap: In order to receive Prize B, Participant B needs to be eligible to receive at least 10 (ten) EUROC based on the above calculation.

If any residual of the Promotion B is left undistributed after the calculation in line with rules as described above, Qovex reserves the right not to distribute the reminder of the prize pool reserved for Trade & Win up to 10,000 EUROC.

Eligibility checks & Prize calculation

Qovex will perform the eligibility checks and calculate the Prize for each Winner in 14 (fourteen) days following the end of the EUROC Giveaway Part 2 Period.

Winners Notification & Prize Distribution

Winners will be informed about the Prize(s) via email no later than on 24 November 2023 (“Winners Notification”). Qovex may inform Winners A earlier at its own discretion if the threshold of 250 Winners is achieved earlier.

Winners might be subject to additional verification of eligibility by Qovex. Any Winner might be sent additional documentation or requested to provide additional information (e.g., tax number) via Winners Notification email, and will be required to complete and return it or provide requested information within ten (10) days of the date of notification. Failure to respond within the ten (10) days may result in forfeiture of the Prize. If a Winner cannot be contacted, fails to sign and return the required documentation or provide information, the Winner forfeits their Prize. Qovex may split their share of Prize equally between other eligible Winners or decide not to distribute the forfeited prize.

EUROC tokens will be transferred to the Winners’ Qovex account as soon as practicably possible after additional verification of eligibility of all Winners is concluded, if required (the “Prize Distribution”). Winners will be informed about the Prize Distribution via email.

Qovex assumes no responsibility for any changes in EUROC tokens’ value between the time of their purchase by Qovex and their distribution to Winners.

Prizes are non-transferable and no cash or other substitution of the Prize is permitted.

Reservations

Qovex reserves the right to impose additional restrictions related to eligibility in the EUROC Giveaway Part 2.

Qovex may at its sole discretion at any time disqualify the Participant and/or not award the Prizes and/or deactivate Participant’s Qovex account if Qovex suspects that Participant:

  • violates these Terms and/or applicable Qovex Terms of Use;
  • manipulates or undermines legitimate operation of the EUROC Giveaway Part 2 (including but not limited to bulk registration accounts or any accounts that exhibit signs of self-dealing or wash trading, including accounts that do not participate on equal terms);
  • threatens other Participants and/or Qovex;
  • performs any other action deemed unfair by Qovex.

Qovex reserves the right to adopt any other appropriate measure to protect the EUROC Giveaway Part 2 and Qovex interests.

Qovex reserves the right where lawful to substitute a Prize for one of equal or greater value if the designated Prize should become unavailable for any reason.

Qovex is not required to disclose to the Winners, Participants and/or any other parties any internal data to confirm the accuracy of Prize calculation or other proprietary information.

Qovex reserves the right to cancel the EUROC Giveaway Part 2 at any time without prior notice and without the need to indicate the grounds, especially if the EUROC Giveaway Part 2 may not be conducted due to technical causes. Qovex may demand that a Participant pays compensation for any damages incurred if Qovex deems any such termination is caused by the conduct of a Participant.

Limitation of liability

To the extent that it is permitted by law, Qovex excludes all liability whether arising in tort, contract or otherwise for any personal injury or any other loss or damage, including without limitation loss of opportunity or loss of profits, whether direct, indirect, special, or consequential, arising in any way out of the EUROC Giveaway Part 2, including, without limitation to:

  • any technical difficulties or equipment malfunction (whether or not under Qovex control);
  • any theft, unauthorised access or third-party interference;
  • any late or unsuccessful transaction thereby not qualifying for participation due to any reason beyond the reasonable control of Qovex;
  • any variation in market value to that stated in these Terms; or
  • the Prize or use of the Prize.

Tax reporting

In case a reporting obligation is imposed on Qovex on the basis of applicable local tax procedure provisions, Qovex reserves the right to such reporting. Such reporting may require additional documentation and information from Winners. Delivery of complete and signed documentation and/or delivery of information required by Qovex via “Winners Notification” email in accordance with the set deadline is required for Winners to be eligible for the Prize. Please note that such reporting (in case required by local tax legislation) will not affect the amount of the Prize received.

Each Winner is, however, furthermore solely responsible for reporting and paying any and all applicable taxes related to the Prize and for any other similar costs associated with Prize acceptance on their side. Qovex advises that Winners consult an accountant or a tax professional to determine tax implications in accepting and using, including conducting transactions of the Prize.

Data Protection

Qovex will not request any additional personal data to administer the EUROC Giveaway Part 2 that Participant has not already provided upon onboarding to Qovex, apart from the above-mentioned information required for tax reporting in case such a reporting obligation is imposed on Qovex on the basis of applicable local tax procedure provisions. However, with the acceptance of this provision, the Participant hereby consents that those data (namely name, surname, date of birth, e-mail and Qovex account) and data subsequently requested for purposes of tax reporting may be used for the purposes of (1) administrating the EUROC Giveaway part 2 and (2) distributing the Prizes to the Winners.

All personal data are processed by Qovex in accordance with applicable laws and regulations.

For any further information on how we process your personal data, please refer to our Privacy Policy.

Modification of Terms

Qovex reserves the right to change, add or remove parts of these Terms at any time and at its sole discretion. You will be notified of any changes in advance through your Qovex Account. Upon such notification, it is your responsibility to review the amended Terms. Your continued participation in EUROC Giveaway Part 2 following the posting of a notice of changes to the Terms signifies that you accept and agree to the changes, and that all subsequent actions by you will be subject to the amended Terms.

Miscellaneous

If any provision of this Terms become invalid, this shall not affect the validity of the remaining Terms.

The Participant may at any time withdraw from the participation by sending a notice to .

Complaints and claims relating to the event must be addressed exclusively to Qovex via .

For any further information on terms and conditions of use of the Qovex website platform or using any services, products, data, content or other material available through the Qovex website and provided by Qovex, please refer to the Terms of Use (available here, here or here) that are applicable to you depending on the Qovex entity you are the client of.

Contact

For any queries with respect to EUROC Giveaway Part 2 do not hesitate to contact us via .