Terms and Conditions for Zebpay Promo Q4-2018 from 28th November 2018 (UTC) to 31st December 2018 (UTC)
Awlencan Innovations Malta Ltd [C-88318], a Maltese Registered Company with Office Address situated at: 48, Triq Stella Maris, Sliema, SLM 1765, Malta (hereinafter for sake of brevity referred to as Zebpay is organizing a promotion (“Zebpay Promo Q4 2018”) open to all the Users having an active account with Zebpay (“Participant”).
These terms, rules, eligibility are incorporated herein for participating in Zebpay Promo Q4 2018. Words capitalized and not defined hereunder shall have the meaning ascribed to them under the “Zebpay policies” referred above.
1. Zebpay Promo Q4-2018 offers a reward of 0.25% of BTC or Fiat on each maker transaction to all our users. By adding liquidity at zero fees, you get an extra maker fee rebate of 0.25%. Users will receive a transactions statement end of the day with details of the maker rebate/rewards given along with all other transaction, summaries and fees.
i. The Participant shall be a user of Zebpay having an active account.
ii. The Participant shall only use his own account registered with Zebpay.
iii. The Participant shall not be an employee of Zebpay, employees’ relative or an officer, Board member, independent contractor, or person in a special relationship with Zebpay, such as its auditors, consultants and outside counsel.
3. Program Period: The program will be effective from 28th November 2018 (UTC) to 31st December 2018 (UTC). However Zebpay at its discretion may alter or cancel the program at anytime and shall update these terms and conditions accordingly..
4. Calculation Reward: During the program period, every day, from midnight-to-midnight (UTC), all makers trades will be charged zero (0) fees and shall be rewarded 0.25% BTC or Fiat. For trades with BTC pair, maker reward would be in BTC form, for trades with EURO pair, maker reward shall be given in EURO . The rewards will be evaluated based on the trade value of the User. For calculating the trade value in this program, the value of all eligible trades by participant(s) on a given day will be considered.
Example for calculating BTC rewards: If a participant has the following trades:
i. 10 ETH buy at BTC 0.02836980 – total settlement of 0.283698 BTC – Maker
ii. 10 EOS sell at BTC 0.00083324 – total settlement of 0.0083324 BTC – Taker
iii. 100 XRP buy at BTC 0.00009381 – total settlement of 0.009381 BTC – Maker
At the end of the day,
Total settlement of maker trades = 0.293079 BTC
Maker rewards at 0.25% of total settlement = 0.00073270 BTC
Example for calculating Fiat rewards : If a participant has the following trades:
i. 10 BTC buy at 3400 EURO – total settlement of 34000 EURO – Maker
ii. 10 ETH sell at 95 EURO – total settlement of 950 EURO – Taker
iii. 100 BCH buy at 122 EURO – total settlement of 12200 EURO – Maker
At the end of the day,
Total settlement of maker trades = 46200 EURO
Maker rewards at 0.25% of total settlement = 115.5 EURO
5. Exclusive offer: During the Program Period, Zebpay shall levy Zero trade-fees on all maker trades on the Zebpay app and shall give rebate/reward of 0.25% (effective fees -0.25%) to all the makers in BTC or Fiat. For sake of clarification Maker trade shall mean and include orders that are placed on Zebpay exchange those are not matched immediately and are placed in the order book as pending orders.
6. Rewards: The reward is non-transferable, non-negotiable, and final. Zebpay reserves the right to change or substitute the reward in any manner, at any time in any manner of its choosing and reserves the right to withhold the reward, at its sole and absolute discretion, and shall not be liable in any manner whatsoever regarding the same.
7. Release: Each Participant hereby releases and discharges Zebpay from any and all claims and/or cause of action, known or unknown, arising from or relating to the reward and/or their participation in the program. The reward of such BTC or Fiat will be computed based on the price at which the eligible maker trades are executed..
9. Promotional Event: You acknowledge that the Zebpay Promo Q4-2018 is only an event for promoting trading on its app and participation in the program is completely optional. Participation does not confer any rights or privileges, whether contractual or otherwise, on you. It is clarified that participation in this program does not constitute an offer, or an invitation to an offer, nor in any way does your participation in this program constitute a legally binding contract. Zebpay at its own discretion, reserves the full right to withdraw and/or alter any of the Terms at any time, without prior notice.
10. Taxes: Zebpay shall not be responsible for any tax liability on the participant(s) that may imposed on the reward to winners under applicable law. The Participant shall bear all responsibility of payments of all taxes towards their rewards. Zebpay in no manner shall provide any tax guidance or advice on this matter to any Participant and the Participant may engage independent consultants/advisors to seek any advice in this regard in their sole discretion.
11. Liability and Indemnity:
a) Zebpay, its parents, affiliates, employees, officers, agents and directors are not responsible or liable for any damages, loss, claims in actual or otherwise or in tort related to the Participants’ participation in the Program. Participant hereby releases Zebpay, its parents, affiliates employees, officers and directors from any and all claims, including claims arise as result of any acts or omissions by Zebpay, resulting in any damages, loss related to the Participant’s participation in the program.
b) Participant hereby indemnify Zebpay and its parents, affiliates, directors, officers, employees against all liabilities, damages, losses, costs, fees (including legal fees), and expenses relating to any claim or any proceeding to the extent arising from Participant’s acts or omissions in relation to the Program including but not limited to participant’s use or acceptance of any reward and breach of these Terms and conditions.
12. Dispute: In the event of any dispute regarding the Terms and conditions, rules, conduct, results and all other matters relating to the program, the decision of Zebpay shall be final and binding. No correspondence or discussion or dispute shall regarding such dispute shall be entered into.
13. Disclaimer: Trading in crypto is subject to market, technical and legal risks. Prices of Crypto in Zebpay app may differ from international prices due to local demand and supply. Please note that Zebpay does not regulate prices crypto/virtual financial asset. Zebpay doesn’t guarantee any returns or profits by trading in crypto/virtual financial asset. Participant(s) shall use Zebpay services to participate in program or to trade in crypto/ virtual financial asset at their own risk and discretion.