Airpot Promotion Terms and Conditions

This promotion (“Promotion“) is promoted, operated and hosted at http://www.quizbeat.com (the “Website“), by Patrianna Limited (“QuizBeat”, “we” or “us”), a company registered in Gibraltar. These terms and conditions (“Terms and Conditions“) together with any terms and conditions included in the Website (together referred to as the “Promotion Terms“) apply to the Promotion and to each participant in the Promotion. In partaking in the Promotion the participant accepts and agrees to these Terms and Conditions. In the case of any inconsistency between the Terms and Conditions and the Website, these Terms and Conditions shall prevail.

Introduction

The Promotion shall only be open to individuals who are/have:

  • aged 18 or over
  • registered QuizBeat members
  • Successfully completed the QuizBeat KYC process
  • not resident in any sanctioned or blacklisted countries in accordance with our anti-money laundering procedures
  • The company expressly excludes any persons from the United States of America, China, Singapore and Korea – whether by residency or citizenship

Employees, their families, agents or any third party directly associated with administration of the Promotion of QuizBeat are ineligible from taking part in the Prize Draw Promotion.

The Promotion is free to enter and no purchase is necessary.

QuizBeat points

QuizBeat Members will receive Points by completing various tasks outlined on https://www.quizbeat.com/tasks/

How to Enter

QuizBeat will host several Jackpot Airdrops (”Airpot”). To be eligible to participate in an Airpot, QuizBeat members need to reach a specific Point target outlined as on https://www.quizbeat.com/welcome/

QuizBeat members can participate only in one Airpot. This Airpot is the highest one they qualify with their total amount of points earned.

The opening date for entries is 1 of June 2018. We did not decide on an end-date for the Airdrop yet, after it is set, we will announce it here: https://www.quizbeat.com/welcome/. Entries received or purported participation after the closing date will not be accepted.

QuizBeat accepts no responsibility for entries not successfully completed due to a technical fault, technical malfunction, computer hardware or software failure, satellite, network or server failure of any kind or any purchases which are not completed for any reason.

Prizes

The prizes are as follows:

Bronze Airpot: 700,000 QUIZ token prize pool
Silver Airpot: 1,500,000 QUIZ token prize pool
Gold Airpot: 2,000,000 QUIZ token prize pool
Diamond Airpot: 3,500,000 QUIZ token prize pool

Each Airpot has the following payout structure:

  • 50% of the prize pool will be shared amongst all qualified participants
  • 50% of the prize pool will be shared amongst three lucky winners of which one will get 32.5% of the prize pool, second will get 11.25% and the third 6.25%.

Token Distribution

Winners are solely responsible for any and all federal, state, provincial and local taxes, if any, that apply to their receipt of QUIZ tokens. Tokens, that cannot be distributed to a user due to fail of KYC or other reasons like fraud, will be returned to QuizBeat´s token pool.

In case QuizBeat is raising a lower amount than the hardcap´s target at the end of the token sale, QuizBeat will proportionally reduce the amount of tokens won during the AIRPOT.

For example:

  • Hardcap: $10,000,000 = GOLD AIRPOT token prize pool: 2,000,000 token (=100%)
  • Final amount raised after token sale: $7,500,000 = GOLD AIRPOT token prize pool: 1,500,000 token (=75%)

The TOP 3 winners of the AIRPOT will be bound to a vesting period of 24 months overall and receive an equal amount of QUIZ tokens won in the AIRPOT on a monthly base during this time.

For example:

  • Winner Silver Airpot: 487,500 token / 24 = 20,312.50 token per month
  • Winner Gold Airpot: 650,000 token / 24 = 27,083.33 token per month
  • Winner Diamond Airpot: 1,137,500 token / 24 = 47,395.83 token per month

The reason for this is simple, all QUIZ token are meant to be used and played within our games and on the platform. QuizBeat reserves the right to make token won during an AIRPOT only be usable on the platform and it´s games.

Prize Drawing

The draw will be conducted by a computer program that randomly chooses the winner from all participants and will be witnessed by a chartered accountant.

The usernames of all winners will be published on the Website. Any entitlement to receive a prize is non-transferable, non-exchangeable and no cash alternative is offered.

The prize will be sent to the Ethereum address of the winners as entered by them when signing up to the Promotion on the Website. The decision of QuizBeat regarding any aspect of the Promotion is final and binding and no correspondence will be entered into about it.

General

Participants are deemed to have accepted and agreed to be bound by these Terms and Conditions upon their participation in the Promotion. QuizBeat reserves the right to refuse entry, or refuse to award a prize to anyone in breach of these Terms and Conditions.

QuizBeat reserves the right to hold void, cancel, suspend, or amend the Promotion where it becomes necessary to do so.

Insofar as permitted by applicable law, QuizBeat, its agents or distributors will not in any circumstances be responsible or liable to compensate the winner or accept any liability for any loss, damage, personal injury or death occurring as a result of taking up the prize except where it is caused by the negligence of QuizBeat. its agents or distributors or that of their employees. Your statutory rights are not affected.

Personal data supplied during the course of this promotion may be passed on to third-party suppliers only insofar as required for fulfillment/delivery/arrangement of the prize.

It shall be the responsibility of participants to make their own enquiries as to whether entering the Promotion is permissible in their own jurisdiction. Each person should ensure that he or she would be acting legally in that jurisdiction in entering the Promotion. By entering into the Promotion you agree to allow QuizBeat to use your username in any publicity and marketing which may arise at any time as a result of the Promotion.

QuizBeat reserves the right to cancel this Promotion or amend the Promotion Terms without liability and without notice. QuizBeat and/or its authorized agent shall not be liable for any damages howsoever arising as a result of any such modification, alteration, discontinuance or termination of the Promotion. QuizBeat reserves the right to disqualify any participants at its sole discretion.

If the Promotion cannot be executed as planned, including due to any technical problems or circumstances beyond our control, QuizBeat shall incur no liability.

You may not assign or transfer any or all of your rights or obligation with regards to the Promotion.

In the event of any decision or dispute relating to the validity of any entry, the eligibility of any participant and the eligibility for the Promotion, the decision of QuizBeat will be final and no correspondence shall be entered into.

These Terms and Conditions are written in English. In case of any translation of the text the English text shall prevail.

These Terms and Conditions shall be exclusively governed by and construed in accordance with the laws of Gibraltar and participants irrevocably submits to the exclusive jurisdiction of the courts of Gibraltar.