RELAI CONTEST TERMS

OFFICIAL RULES

PARTICIPATION IS LIMITED TO LEGAL RESIDENTS OF SWITZERLAND.

VOID WHERE PROHIBITED.

THIS CONTEST SHALL BE CONSTRUED ACCORDING TO AND GOVERNED EXCLUSIVELY BY SWISS LAW.

1. Contest Description: This is a promotional contest (the “Contest“) organized to engage participants in predicting the future price of Bitcoin.

2. Eligibility: the Contest is open only to legal residents of Switzerland, who are at least 18 years of age or older and legal age of majority in their jurisdiction of residence. Relai AG, a company organized and existing under the laws of Switzerland, under company registration number CHE-340.229.036 whose registered office is located c/o Westhive AG, Hardturmstrasse 161, 8005 Zurich Switzerland (the “Sponsor”), their parent, affiliates, subsidiaries, promotion agencies and each of their respective directors, officers, employees and assigns (collectively “Released Parties”) and their immediate family members and/or those living in the same household of each (whether related or not) are not eligible. For purposes of this Promotion, the term “family member” is defined as spouse, partner, parent, legal guardian, in-law, grandparent, child, or grandchild. The Relai Contest is subject to all applicable federal, state and local laws and regulations. Void where prohibited. Participation constitutes entrant’s full and unconditional agreement to these Official Rules and Sponsor’s decisions, which are final and binding in all matters related to the Relai Contest. Winning a prize is contingent upon fulfilling all requirements set forth herein.

3. Timing: The Contest begins at 5 pm, November 21, 2024 and ends when Bitcoin hits a price of $100,000 (Price determined from https://bitbo.io/ (the “Contest Period”).  

4. How to Enter: Participants must predict the exact date and time (in Central European Time – CET) when Bitcoin will first reach $100,000. Only one entry per participant is allowed. Entries must be submitted through x.com.

ALL POTENTIAL WINNERS ARE SUBJECT TO VERIFICATION BY SPONSOR, WHOSE DECISIONS ARE FINAL AND BINDING.  A PARTICIPANT IS NOT A WINNER OF ANY PRIZE UNLESS AND UNTIL THAT PARTICIPANT’S ELIGIBILITY AND COMPLIANCE WITH ALL REQUIREMENTS TO CLAIM A PRIZE HAVE BEEN VERIFIED AND FULFILLED, AND THE PARTICIPANT HAS BEEN NOTIFIED THAT VERIFICATION IS COMPLETE. Participants must comply with these Official Rules. Determination of compliance will be in the sole discretion of the Sponsor.

Limit: Limit one entry per person/email address no matter the means of entry. Entries received from any person in excess of the stated limitation will be void, and that person may be disqualified from entry and/or winning.  Entries received from any person who attempts to cancel and create a new account, or who attempts to create an additional account, during the promotion period will be disqualified. Any attempt by any entrant to obtain more than the stated number of entries by using multiple/different email addresses or any other methods will void that entrant’s entries and that entrant may be disqualified. Use of any automated system to participate is prohibited and will result in disqualification. In the event of a dispute over the identity of a potential winner, the entry will be declared made by the authorized account holder of the email address associated with the entrant’s Relai account (“Entrant’s Email Address”), and potential winner may be required to provide identification sufficient to show that he/she is the authorized account holder of the email account. The “authorized account holder” is the natural person assigned to the applicable email account.

5. Winner Notification: Winners will be announced on Relai’s social media channels and contacted via personal message.

6. Prizes:  All our participants can win the following prizes:

1. Place: one (1) winner will receive 100 EUR

2. Place: one (1) winner will receive 50 EUR

3. Place: one (1) winner will receive 50 EUR

4. Place: one (1) winner will receive 50 EUR

All prize values stated herein are in EUR.  All prizes will be fulfilled via BTC to winner’s wallet of choice. Access to Bitcoins is subject to the Relai Terms & Conditions limited to what is necessary to liquidate the prize Restrictions may apply. Restrictions may apply.

DISCLOSURE: THE VALUE OF BITCOIN IS SUBJECT TO CHANGE, IT CAN GO UP OR DOWN AND THERE CAN BE A SUBSTANTIAL RISK THAT IT COULD LOSE VALUE (POSSIBLY ALL VALUE) AS A RESULT OF BUYING, SELLING, OR HOLDING BITCOIN.

Prizes are non-transferable and no substitution will be made except as provided herein at the Sponsor’s sole discretion. Sponsor 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. Prizes consist of only the items specifically listed as part of the prize. In no event will more than the stated number of prizes be awarded. Winners are solely responsible for any/all applicable federal, state and local taxes and any other expenses related to the acceptance and use of a prize not specified herein. Prize details not specifically stated in these Official Rules will be determined in Sponsor’s sole discretion. Sponsor is not responsible for, and will not replace, any lost, damaged or stolen prize or prize component or any prize that is undeliverable. Participants waive the right to assert as a cost of winning a prize, any costs associated with claiming or seeking to claim a prize, or using a prize.

7. Taxes:  Each winner is solely responsible for reporting and paying any and all applicable taxes related to the prize(s). Each winner will be subject to an onboarding verification process and is required to provide any requested tax reporting information before any prize is awarded including name, date of birth, address, phone numbers and social security number or taxpayer identification number. The value of any prize awarded to a winner will be reported for tax purposes as required by law. Winner should consult an accountant or tax professional to determine tax implications in accepting and using (including conducting transactions of) any Prize.  

8. Release: Entrants/winners agree to release, discharge and hold harmless Released Parties from and against any claim or cause of action or liability (including but not limited to, personal injury, death or damage to or loss of property as well as claims based on publicity rights, defamation and/or invasion of privacy) arising out of or in connection with participation in the Relai Contest or acceptance/receipt/use or misuse of any prize, and agree to be bound by the Official Rules and the decisions of the Sponsor, the Sponsor’s representatives, which are final.

9. General: ANY ATTEMPT BY AN INDIVIDUAL TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THIS PROMOTION IS A VIOLATION OF CRIMINAL AND CIVIL LAWS, AND SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES FROM ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW. Sponsor will not be responsible for lost, late, damaged, misdirected or mutilated mail, misdirected email, or for any technical problems, faulty, lost, garbled, incomplete, incorrect or mistranscribed data transmissions, incorrect announcements of any kind, malfunctions, technical hardware or software failures of any kind including any injury or damage to any person’s computer/mobile device related to or resulting from participating in or experiencing any materials in connection with this Sweepstakes. Sponsor is not responsible for malfunctions or breakdown of any network systems, unavailable service connections, lost, incomplete, faulty network connectivity of any kind, failures of any service providers, or any combination thereof, which may limit a person’s ability to participate in this Promotion. Sponsor reserves the right to suspend, cancel or modify the Promotion if it cannot be executed as planned for any reason including, but not limited to, if fraud, human error, technical failures, or any other factor impairs the integrity or proper functioning of the Promotion; or if a virus, bug or other technical problem corrupts the administration, security, or proper play of the Promotion as determined by Sponsor in its sole discretion. If the Promotion is so cancelled or modified, Sponsor may award prizes from among all eligible participants prior to such action and Sponsor shall have no further obligation to any participant in connection with this Promotion. Sponsor reserves the right to prohibit the participation of an individual if fraud or tampering is suspected or if the participant fails to comply with any requirement of participation as stated herein or with any provision in these Official Rules. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in promotional materials and the terms and conditions of the Official Rules, the Official Rules shall prevail, govern and control. Sponsor will not be responsible for any typographical or other error in the printing of the offer, administration of the Relai Contest or in the announcement of the prizes.

10. Disputes: All state and local laws and regulations apply. THE SWISS COURTS (STATE AND FEDERAL) SHALL HAVE SOLE JURISDICTION OF ANY CONTROVERSIES REGARDING THE PROMOTION AND THE LAWS OF THE STATE OF SWITZERLAND SHALL GOVERN THE PROMOTION. EACH ENTRANT WAIVES ANY AND ALL OBJECTIONS TO JURISDICTION AND VENUE IN THOSE COURTS FOR ANY REASON AND HEREBY SUBMITS TO THE JURISDICTION OF THOSE COURTS. Claims may not be resolved through any form of class action. Entrant agrees that any and all claims, judgments, and awards shall be limited to the lower of either reasonable or actual out of pocket costs incurred, including any costs associated with participation in this Promotion but in no event attorneys’ fees; and under no circumstances will entrants/winners be permitted to obtain awards for and entrants/winners hereby waive all rights to claim punitive, incidental and consequential damages and any other damages, other than for the lower of either reasonable or actual out-of-pocket expenses and any and all rights to have damages multiplied or otherwise increased. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE MAY NOT APPLY TO YOU. In addition to the tax liability disclosures in these Rules, winners are subject to abide by the income reporting and, if applicable, the payment of any taxes due per the laws, rules and regulations of the winner’s state of residence. By entering and participating in the Promotion, Entrants hereby expressly agree and accept that for all that is related to the interpretation, performance and enforcement of these Official Rules, each of them expressly submit themselves to the laws of Switzerland, expressly waiving to any other jurisdiction that could correspond to them by virtue of their present or future domicile or by virtue of any other cause.

11. Entrant’s Personal Information: Information collected from entrants is subject to Relai Privacy Policy. Sponsor assures that your information will be kept confidential in accordance with applicable data protection laws and regulations. Data will be stored in Switzerland or the EU and may be shared with a third-party fulfillment company only to administer this Promotion, verify winners, and fulfill prizes unless you have given your prior express consent to receive additional information from Sponsor or a third party. All data will be processed solely for the purpose of the Relai Contest and will be deleted upon the conclusion of the Contest Period.

SPONSOR:  Relai AG, c/o Westhive AG, Hardturmstrasse 161, 8004 Zurich Switzerland – company registration number CHE-340.229.036