Trading Competition Terms And Conditions
Last updated June 16, 2022
OUR PERPETUAL CONTRACTS AND ALL TRADING COMPETITIONS ARE NOT OFFERED OR MADE AVAILABLE TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA (COLLECTIVELY, “US PERSONS”) OR TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN ANY RESTRICTED TERRITORY (AS DEFINED BELOW) (ANY SUCH PERSON OR ENTITY FROM A RESTRICTED TERRITORY, A “RESTRICTED PERSON”). MOREOVER, NONE OF OUR OTHER SERVICES ARE OFFERED TO US PERSONS OR RESTRICTED PERSONS. WE DO NOT MAKE EXCEPTIONS; THEREFORE, IF YOU ARE A US PERSON OR A RESTRICTED PERSON, THEN DO NOT ATTEMPT TO USE OUR PERPETUAL CONTRACTS OR PARTICIPATE IN ANY TRADING COMPETITIONS, AND IF YOU ARE A RESTRICTED PERSON, THEN DO NOT ATTEMPT TO USE ANY OF THE SERVICES (AS DEFINED BELOW). USE OF A VIRTUAL PRIVATE NETWORK (“VPN”) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS PROHIBITED.
To be eligible to participate in a Competition, at the time and date of entry and during the entire length of the Competition:
if you are participating in the Competition as an individual, then you must be of legal age in the jurisdiction in which you reside and you must have the legal capacity to enter into these Competition Terms and the applicable Rules and be bound by the foregoing;
if you are participating in the Competition as an entity, then you must have the legal authority to accept these Competition Terms and the applicable Rules on such entity’s behalf, in which case “you” (except as used in this paragraph) will mean that entity;
you must not be a US Person;
you must not be a resident of Belarus, Bosnia and Herzegovina, Greece, Kosovo, Latvia, Macedonia, Italy or Portugal;
you must not be a resident, citizen or agent of, or incorporated in, and do not have a registered office in Iran, Cuba, North Korea, Syria, Myanmar (Burma), the regions of Crimea, Donetsk or Luhansk, or any other country or region that is the subject of comprehensive country-wide or region-wide economic sanctions by the United States (collectively, “Restricted Territories”);
you are not the subject of economic or trade sanctions administered or enforced by any governmental authority or otherwise designated on any list of prohibited or restricted parties (including the list maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury) (collectively, “Sanctioned Person”);
you must not intend to transact with any Restricted Person or Sanctioned Person;
you must not, and will not, use VPN software or any other privacy or anonymization tools or techniques to circumvent, or attempt to circumvent, any restrictions that apply to the Services;
only one (1) account per person may be used to participate in any Competition; and
you must meet all additional eligibility requirements set forth in the applicable Rules.
2. COMPETITION START AND END TIMES AND CONDITIONS
Each Competition will start and end as described in the applicable Rules (“Competition Period”). Engaging in any trading activity before or after the Competition Period will not result in receiving any benefits or rewards from the Competition. dYdX determines in its sole discretion when a Competition Period is deemed to have started and ended.
3. HOW TO PARTICIPATE
To participate in a Competition, during the Competition Period, subject to eligibility, you must follow the instructions in the applicable Rules. dYdX reserves the right to limit participants based on IP addresses, Ethereum network addresses, email addresses or other factors dYdX decides at its sole discretion.
4. COMPETITION ADMINISTRATION
6. RELEASE AND PUBLICITY
YOU AGREE TO RELEASE AND HOLD HARMLESS DYDX AND ITS OFFICERS, DIRECTORS, EMPLOYEES, PARTNERS, AFFILIATED COMPANIES, SUBSIDIARIES, SUPPLIERS, DISTRIBUTORS, ADVERTISING AND PROMOTIONAL AGENCIES, AGENTS, SUCCESSORS AND ASSIGNS FROM AND AGAINST ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF PARTICIPATION IN A COMPETITION. YOU AGREE THAT DYDX AND ITS OFFICERS, DIRECTORS, EMPLOYEES, PARTNERS, AFFILIATED COMPANIES, SUBSIDIARIES, SUPPLIERS, DISTRIBUTORS, ADVERTISING AND PROMOTIONAL AGENCIES, AGENTS, SUCCESSORS AND ASSIGNS ARE NOT LIABLE FOR INJURIES, LOSSES OR DAMAGES OF ANY KIND ARISING FROM PARTICIPATION IN A COMPETITION AND ACCEPTANCE, POSSESSION AND USE OF THE BENEFITS OR REWARD OF A COMPETITION. DYDX IS NOT RESPONSIBLE FOR ANY TYPOGRAPHICAL OR OTHER ERROR IN THE PUBLICATION OF THE OFFER OR ADMINISTRATION OF THE COMPETITION OR ANNOUNCEMENT THEREOF.
You will be solely responsible for all income tax liabilities that arise from or in any way relate to any benefit or reward that dYdX conveys to you, including income taxes, sales, personal property, use, VAT, excise, withholding and self-employment taxes. dYdX has the right to withhold from any amounts payable to you such foreign, federal, state or local taxes as may be required to be withheld under any Applicable Laws. You must report the value of the benefit or reward you receive from dYdX and complete any required tax forms that dYdX requests be completed prior to receiving your benefit or reward.