Ripple Trading Contest Terms & Conditions

  1. This promotion contest (“Contest”) is sponsored by Hatio Innovations India Private Limited, a having its registered office address at 801, Supreme Chambers, 17/18 Shah Industrial Estate, Andheri West, Mumbai - 400053 (“Sponsor”). Participation in the contest constitutes a Participant's (defined below) full and unconditional agreement to and acceptance of these terms and conditions (“Terms and Conditions”) and the decisions of the Sponsor which shall be final and binding. Winning a Prize (defined below) is contingent upon fulfilling all the requirements as stated in these Terms and Conditions. Participating in the Contest is voluntary. These Terms and Conditions shall be bound by all applicable national, state and local laws and regulations.

  2. The Sponsor is holding the Contest which is valid throughout India except in the States where prohibited under Applicable Law. This campaign will be managed and run by the Sponsor.

HOW TO PARTICIPATE

  1. The participant (the “Participant”) is required to engage in trading of Ripple (“XRP”) in the XRP/INR market on the Sponsor’s cryptocurrency exchange platform, Coinome, at www.coinome.com

  2. The Participant shall engage in at least one trade on Coinome during the Contest Period (defined below) to be considered an eligible entry under this Contest (“Entry”) pursuant to the Participant fulfilling the eligibility criteria as described below.

  3. The Sponsor will choose ten Participants who have traded the highest volumes of XRP in the XRP/INR market during the Contest Period as the winner of the Prize (defined below) (“Winners”). It is clarified that the volume of trades to determine the highest volume will be calculated as the aggregate value of XRP bought or sold with INR on Coinome. For example - Mr. X sells 10 XRP for INR 400 to Mr. Y. The trade volume for Mr. X and Mr. Y will be INR 400 each.

  4. The Winners stand a chance to win the following:

    1. First Prize – INR 50,000 (Rupees Fifty Thousand)
    2. Second Prize – INR 25,000 (Rupees Twenty Five Thousand)
    3. Third Prize – INR 10,000 (Rupees Ten Thousand)
    4. Fourth & Fifth Prize – INR 5,000 (Rupees Five Thousand) each
    5. Sixth to Tenth Prize – INR 1,000 (Rupees One Thousand) each (Collectively, “Prize”).

RULES

  1. The Participant shall make at least one XRP/INR trade on Coinome to be considered eligible to enter this Contest.

  2. The Participants shall provide all details accurately which are required to be entered prior to Entry to the Contest.

  3. By participating in this Contest, each Participant agrees to these Terms and Conditions and warrants that his or her Entry complies with all the requirements as set out in these Terms and Conditions.

  4. Each trade successfully executed by the Participant shall be considered towards calculating the aggregate volume of trade to determine the Winners. Notwithstanding anything contained in these Terms and Conditions, trades executed between the same Participant shall not be eligible in total towards calculating that Participant’s volume of trades for the purposes of this Contest.

  5. Each Participant is eligible to win only one Prize.

ELIGIBILITY

  1. The Contest is open to all individuals residing in India of the age of 18 years and above as on May 30, 2018.

  2. The Participants should register or be registered users on Coinome. The registration with Coinome should be complete in all aspects for the Participants to commence trading and using the services of Coinome.

  3. Officers, directors, and employees of Sponsor, and the Sponsor’s parents, subsidiaries, affiliated companies, agents, advertising and promotion agencies, those involved in the execution and administration of the Contest and their immediate family members are not eligible to enter, participate or win any Prize under the Terms and Conditions of this Contest.

TIMING

  1. This Contest begins on May 30, 2018, at 06:00 PM and ends on June 6, 2018 at 06:00 PM (“Contest Period”). The Winner will be intimated by email to his registered email id, on or before June 12, 2018.

  2. The Winner will be required to share his/her personal details such as email address, residential address, and phone number within forty eight (48) hours of the announcement of the Winners.

  3. The Sponsor reserves the right to remove any Participant during any given point of the Contest Period, if deemed inappropriate.

  4. After the contest period, ten Participants would be selected as Winner(s) and the Winner(s) may each win a Prize.

  5. The Sponsor reserves the right to select the Winner. The decision of the Sponsor shall be final and binding.

  6. The Prizes are non-transferable and such option shall be made available to any Winner.

  7. No substitutions or exchange of the Prize, other than what is detailed in these Terms and Conditions shall be allowed. However, the Sponsor reserves the right to substitute and/or change the Prize without any intimation or notice, written or otherwise to the Winner.

WINNER NOTIFICATION

  1. Administrator will contact the Winner through the information associated with the Entry and the Prize will be credited to the Winner’s registered account on Coinome.

  2. The Sponsor shall not be liable in the event that the Prize described above does not reach such Winner on any account whatsoever. Further, any complaint/grievance/Claim, whether legal or commercial, with regard to the established distribution of the Prize as described above, shall not be entertained by the Sponsor.

  3. In the event that any Winner (i) cannot be contacted directly by Sponsor within seventy two (72) hours subsequent to the announcement of results; (ii) declines to accept the Prize; or (iii) is otherwise determined to be ineligible, the Sponsor in its sole discretion may disqualify that Participant. Alternate Winners are subject to all eligibility requirements and restrictions of these Terms and Conditions. The Sponsor may choose to not select any alternate Winner.

  4. The Sponsor shall not be held liable for any delay or loss which may be caused in respect to the transfer of the Prize.

ENTRY CONDITIONS

  1. Sponsor reserves the right, in its sole discretion, to cancel, terminate or suspend this Contest or any part of this Contest without assigning any reasons or without any prior intimation whatsoever, or should any non-authorized intervention, network failure, data storage failure, telecommunications failure, malfunction or other such default caused beyond Sponsor’s reasonable control corrupts or impairs the security, administration, fairness or operation of this Contest. The Sponsor will select a Winner from all the eligible, non-suspect Entries prior to such action.

  2. Sponsor reserves the right to correct any typographical or clerical errors in these Terms and Conditions.

  3. Sponsor reserves the right to prohibit any Participant from participating in the Contest if, in its sole discretion, Sponsor finds such Participant to be tampering with the Entry process or the operation of the Contest, or if the Participant has repeatedly shown a disregard for, or attempts to circumvent, these Terms and Conditions. Any Participant attempting to defraud or tamper with this Contest in any way will be ineligible for Prizes and may be prosecuted to the full extent under Applicable Law. Any failure by Sponsor to enforce any of these Terms and Conditions shall not constitute a waiver of these Terms and Conditions.

  4. The Sponsor make no commitment, express or implied, to respond to any feedback, suggestion and, or queries of the Participant in any form whatsoever.

CAUTION

  1. ANY ATTEMPT BY ANY INDIVIDUAL TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THE CONTEST MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS APPLICABLE AND SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES FROM ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW OR SEEK ANY ADDITIONAL APPLICABLE LEGAL RECOURSE, SHOULD SUCH AN ATTEMPT BE MADE. LIMITATION OF LIABILITY & RELEASE

  2. The Sponsor shall be under no liability whatsoever in respect of all actions, Claims, demands, proceedings, losses, damages, personal injury (including actual or perceived loss or the like) (hereinafter “Dispute”) and costs, charges and expenses whatsoever, arising directly or indirectly out of:

i. the exercise by the Sponsor of its right to terminate the Contest; ii. any mis-statement, mis-representation, error or omission in any details of the Entry, as disclosed to the Sponsor; iii. delayed Entry; iv. telephone, electronic, hardware or software program, network, Internet or computer malfunctions, failures or difficulties of any kind; v. failed, incomplete, garbled, or delayed computer transmissions; vi. the cancellation of this Contest or if a Prize cannot be awarded due to cancellations, delays or interruptions due to acts of God, acts of war (declared or undeclared), natural disasters, weather, acts of terrorism, riot or civil disturbance, satellite or equipment failure, federal, state or local law, order or regulation, public health crisis, or order of any Court of law or any condition caused by events beyond the reasonable control of Sponsor which may cause the Contest to be disrupted or corrupted; vii. any injuries, losses or damages of any kind arising in connection with or as a result of the Prize, or acceptance, possession, or use of the Prize, or from participation in the Contest.

  1. SPONSOR MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND EXPRESS OR IMPLIED, REGARDING ANY PRIZE OR THE PARTICIPANT’S PARTICIPATION IN THE CONTEST. BY PARTICIPATING IN THE CONTEST, EACH PARTICIPANT AGREES TO RELEASE AND HOLD SPONSOR AND ITS EMPLOYEES, OFFICERS, DIRECTORS, SHAREHOLDERS, AGENTS, REPRESENTATIVES OF SPONSOR, ITS AFFILIATES, SUBSIDIARIES, ADVERTISING, PROMOTION AND FULFILLMENT AGENCIES HARMLESS FROM ANY AND ALL LOSSES, DAMAGES, RIGHTS, CLAIMS AND ACTIONS OF ANY KIND IN CONNECTION WITH THE CONTEST OR RESULTING FROM THE ACCEPTANCE, POSSESSION, OR USE OF THE PRIZE, INCLUDING WITHOUT LIMITATION, PERSONAL INJURY, DEATH, AND PROPERTY DAMAGE, AND CLAIMS BASED ON PUBLICITY RIGHTS, DEFAMATION, OR INVASION OF PRIVACY. EACH PARTICIPANT ALSO AGREES TO RELEASE AND HOLD SPONSOR HARMLESS FROM ANY AND ALL LOSSES, DAMAGES, RIGHTS, CLAIMS AND ACTIONS OF ANY KIND IN CONNECTION WITH THE CONTEST OR RESULTING FROM THE ACCEPTANCE, POSSESSION, OR USE OF THE PRIZE, INCLUDING WITHOUT LIMITATION, PERSONAL INJURY, DEATH, AND PROPERTY DAMAGE, AND CLAIMS BASED ON PUBLICITY RIGHTS, DEFAMATION, OR INVASION OF PRIVACY.

  2. THE SPONSOR SHALL NOT BE LIABLE TO THE PARTICIPANT OR ANY THIRD PARTY FOR DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, SPECIAL OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, LOSS OF SAVINGS, LOSS OF BUSINESS OPPORTUNITY, REGARDLESS OF THE FORM OF THE ACTION OR THE THEORY OF RECOVERY, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

  3. The total aggregate liability of the Sponsor, for any Claims asserted by a Participant or any third party in relation with the Contest, regardless of the form of the action recovery, shall be limited to the value of the Prize.

PUBLICITY

  1. Except where prohibited by Applicable Law, the Winner's acceptance of a Prize constitutes express permission for Sponsor to use the Winner's name, photograph, statements, Entry, biographical information, voice, and address (city and state) worldwide and in all forms of media, in perpetuity, without any compensation made or offered to the Winner.

COLLECTION OF PERSONAL INFORMATION

  1. Participant agrees that any personal information (“Personal Information”) provided to Sponsor or its authorized third parties may be used by Sponsor and its authorized third parties to fulfil the delivery of the Prize and such Personal Information shall be governed by the Sponsor’s privacy policy available here: https://www.coinome.com/pages/privacy_policy (“Privacy Policy”).

i. The Sponsor reserves the right to make changes to the Privacy Policy without any prior notice to the Participant. The Participant should continue to check the Privacy Policy for updates and amendments, as the Participant will be deemed to have accepted any changes to the Privacy Policy. ii. The Participant hereby agree that the Sponsor may use and retain the Personal Information for a lawful purpose and to the extent deemed necessary by the Sponsor and for any other ancillary purposes as decided by the Sponsor. iii. The Participant hereby also agrees that the Sponsor may transfer or disclose such Personal Information to such other agencies which the Sponsor may consider necessary, whether affiliates or otherwise and whether in India or otherwise. iv. The Participant hereby agrees that the “reasonable security practices and procedures” adopted in regard to the processing and protection of Personal Information shall be bound by the Privacy Policy and accordingly, the rules of the Government of India notified under section 43A of the Information Technology Act, 2000 are hereby excluded.

INDEMNIFICATION BY PARTICIPANT

  1. In consideration of the Sponsor providing the Participant with the opportunity to participate in the Contest, the Participant hereby agrees to indemnify and keep the Sponsor indemnified from and against all actions, claims, demands, proceedings, losses, damages, personal injury, costs (including legal costs) (hereinafter “Claim”), charges and expenses whatsoever which the Sponsor may at any time incur, sustain, suffer or be put to as a consequence of or by reason of or arising out of: i. any violation, breach or alleged breach of these Terms and Conditions by the Participant. ii. the negligence or mistake of the Participant (directly or indirectly); and iii. Any issues arising out of spyware/viruses/malware in the Entries submitted by the Participant.

TAXATION

  1. Any tax or other liabilities or charges payable to the Indian government or any other statutory authority/body or any participating establishment, which may arise or accrue to the Winner due to provision of the Prize, shall be to the sole account of the Winner. All Prizes are applicable to Tax deducted at source, on the monetary value of the Prize before being paid to the Winner.

GOVERNING LAW

  1. This Contest is governed by and construed in accordance with the laws of the Republic of India (“Applicable Law”) and the courts of Cochin will have jurisdiction over all Disputes that may arise out of and in relation to this Contest.

DISPUTES

  1. By entering the Contest, Participant agrees that (a) any and all Disputes, Claims, and causes of action arising out of or connected with the Contest, or any Prizes awarded, shall be resolved individually, without resort to any form of class action; (b) any and all Claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, but in no event shall include attorneys’ fees; and (c) under no circumstances will any Participant be permitted to obtain any award for and Participant hereby waives all rights to claim punitive, incidental or consequential damages and any and all rights to have damages multiplied or otherwise increased and any other damages, other than for actual out-of-pocket expenses.

  2. In all matters relating to the Contest, the decision of the Sponsor shall be final and binding in all respects.

  3. Any provision of these Terms and Conditions which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of prohibition or unenforceability but that shall not invalidate the remaining provisions of these Terms and Conditions or affect such provision in any other jurisdiction.

  4. Any reference to a singular term shall include reference to the corresponding plural term and vice versa.

  5. The Sponsor shall have the absolute discretion to amend or supplement any of these Terms and Conditions without assigning any reasons or without any prior intimation whatsoever. The Sponsor may notify / communicate the amended Terms and Conditions by hosting the same on Sponsor’s website or on the microsite or in any other manner as decided by the Sponsor. The Participant shall be responsible for regularly viewing these Terms and Conditions, including amendments thereto as may be posted on the Sponsor’s website or the microsite and shall be deemed to have accepted the amended Terms and Conditions.