Terms and Explanatory notes
Bitpanda ONT Competition
1. General

The following Terms (“Terms”) govern the rules for participating in the Bitpanda ONT Competition (“Competition”) of Bitpanda GmbH, with its corporate seat in Campus 2, Jakov-Lind-Straße 2, A-1020 Vienna (“Bitpanda”) and the legal relationship between Bitpanda and the Participant (as defined in Section 3. or “you”) arising thereof.

By participating in the Competition, you confirm and accept these Terms and the applicable Terms and Conditions of Bitpanda which are an integral part of these Terms.

2. Competition period and prizes

This Competition begins on the 5th of June, 2020, 00:00 CEST (Central European Summer Time) and ends on the 18th of June, 2020, 23:59 CEST (“Competition Period”).

The top 10 Participants with the net highest amount of Ontology coins (“ONT”) after the Competition Period measured by the number of ONT coins they have purchased on the Bitpanda Broker during the Competition Period (each of them referred to as the “Winner” and together the “Winners”) will be forwarded the prizes as set forth in the table below (“Prize”).

The total ONT coins purchased is the highest net amount. For example, if you first purchase 2,000 ONT coins, and then sell 1,999 ONT coins before the end of the Competition Period, then only 1 ONT coin is held at the end of the Competition Period. Therefore, the net amount purchased is 2,000 ONT coins.

Rank

Prize

1-5

5,000 BEST + EUR 800 in ONT each

6-10

EUR 800 in ONT each

Additionally, Bitpanda will randomly select 10 Participants outside the top 10 rank, who are BEST VIPs level 1 or higher (each of them referred to as the “VIP-Winner” and together the “VIP-Winners”), who traded any amount of ONT on the Bitpanda Broker during the Competition Period and award them EUR 200 in ONT each (referred to as the “VIP Prize”).

You acknowledge and accept that the price of ONT is predetermined for the whole Competition Period and will match the price for ONT on the 29th of May, 2020 at 11:07 am (CEST), in the amount of EUR 0.4643 for 1 ONT-Coin, meaning that the fluctuations in the price of ONT during the Competition Period will not be taken into account when calculating and paying out the Prize and VIP Prize.

You acknowledge and accept that only Participants who (i) meet all the requirements described in Section 3. and (ii) were not, for whatever reason, disqualified by Bitpanda in accordance with Section 5. are eligible to be selected as Winners.

Bitpanda will strive to transfer the Prizes and VIP-Prizes to the Winners and VIP-Winners respectively within a week after the Competition Period has ended. You acknowledge and agree that such transfer may be delayed and Bitpanda shall not be liable for any losses arising out of or in connection with a late transfer (e.g. losses due price changes).

The Prizes and VIP-Prizes will be credited directly to the Winners and VIP-Winners respective Bitpanda Broker Wallet.

3. Requirements for Participation


Only fully verified and registered Bitpanda Clients that accept these Terms are allowed to participate in the Giveaway (“Participant”). For the avoidance of doubt, a Participant must make a trade on the Bitpanda Broker as described in Section 2. to qualify for the Prize.

You are aware and accept that Bitpanda, at its sole discretion may amend and/or call off the Giveaway as described herein at any time and you do not have any legal claim against Bitpanda arising out of or in connection with this Giveaway.

4. Notification of the Winners

You hereby acknowledge and accept that Bitpanda may in its sole discretion disqualify a Participant for the Competition at any time for whatever reason, including but not limited to cases where Bitpanda suspects collusion between the Participants aimed at manipulating the results or any other manipulation by the Participants deemed unfair by Bitpanda.

You hereby acknowledge and accept that any breach of these Terms or any other Terms and Conditions of Bitpanda and/or its subsidiaries may result in disqualification.

5. Bitpanda’s liability

You hereby acknowledge and accept that Bitpanda is not responsible for the correctness of the data provided by you.

You hereby acknowledge and accept that Bitpanda will not be liable for any direct or indirect losses you might have accumulated in connection with your participation in the Competition and that no right or claim against Bitpanda can arise thereof.

The randomly selected VIP-Winners will be selected by an internal procedure of Bitpanda and Participants will have no rights or claims against Bitpanda regarding this procedure or its results.

6. Data protection

Bitpanda collects your personal data on the basis of your consent in accordance with Article 6 Section 1 letter a of the General Data Protection Regulation 2016/679 (“GDPR”) and insofar as this is necessary for the establishment of the legal relationship with the Participant and for the subsequent implementation and handling of the Competition.

For more information regarding your personal data, how, why and how long it is processed and which rights you have according to the GDPR, please click here.

6. Contact

For further questions regarding this subject, please contact Support.

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