Written by
Kosma Wilk
Published on
In this post, you will find the full rules of our weekly competition. Episodes of Kanga Crypto News wouldn’t be the same without our regular game of proposing the price of Ethereum. To ensure the safety of all participants, we have prepared the competition rules, which you will find below.
Rules
Rules of the Competition “Propose the Value ETH/USDT May Reach on Our Exchange”(hereinafter referred to as the “Rules”)
I. General Provisions
These Rules define the conditions under which the “Propose the Value ETH/USDT May Reach on Our Exchange” competition (hereinafter referred to as the “Competition”) is conducted, as well as the rights and obligations of the Organizer and the participants.
The terms used in these Rules should be understood as follows:
- Competition: The competition titled “Propose the Value ETH/USDT May Reach on Our Exchange,” conducted under these Rules.
- Individual: An adult natural person with full legal capacity.
- Organizer, Founder, Kanga Exchange: Good Solution Investments Limited, Cromwell House, Ground-Floor, 117 Albert Street, Belize City, Belize; Incorporation number: 176,380, which is the organizer of the Competition.
- Exchange: The platform for exchanging, among others, virtual currencies and tokens, operated at kanga.exchange by the Organizer.
- Participant: Any Individual who meets the eligibility criteria described in the Competition Rules and participates in the Competition as specified in these Rules.
- Task: “Propose the value ETH/USDT may reach on our exchange at 9:00 AM (CET) on the day of the next episode of Kanga Crypto News.”
- Jury: A group of individuals collaborating within the Kanga Exchange project to evaluate competition entries.
- Prize: KNG tokens, the number of which corresponds to 10% of the “likes” under the latest episode of Kanga Crypto News broadcast on YouTube.
The Competition is not created, administered, or sponsored by YouTube, through which it is conducted. The Organizer releases YouTube from any liability arising from the Competition.
This Competition does not constitute a contract or provision of services by the Participant nor any obligation to perform a paid specified task, except as described in these Rules. Participants do not act on behalf of or at the risk of the Organizer.
II. Participation in the Competition
Participation in the Competition requires familiarity with the Rules, described in this article. By entering the Competition, the Participant accepts these Rules.
Only Individuals who have a YouTube account enabling comments and an active, unblocked account on the Exchange may participate.
By accepting the Rules, Participants also consent to the Organizer using their submitted comments for marketing purposes within the Competition.
The Competition involves submitting a comment with a proposed solution to the Task under a Kanga Crypto News episode video. The winner will be determined by the Jury during Kanga Crypto News. The proposed value must be closest to the actual value, within a margin of no more than 10 USDT. If no Participant is within this range, the Prize pool will carry over to the next week.
Participants may submit an additional comment to expand the error margin to 20 USDT. Submitting additional comments or multiple shares does not multiply the Prize.
Comments must be submitted, and the video shared, on the day the episode is published or the following day. Participation in the Competition is voluntary and free of charge.
Employees of the Organizer, persons directly involved in organizing or conducting the Competition, and their family members are not eligible to participate.
False or incorrect information, violations of these Rules, or repeated comments will result in disqualification. Participants declare they are the authors of submitted comments and that their entries do not infringe third-party rights. In case of duplicate entries, priority will be given to the earliest submission.
Participants agree to the publication of their pseudonyms (nicknames) on the Organizer’s social media (Facebook, Twitter, YouTube, Instagram, Telegram).
III. Competition Duration
The Competition is held weekly, as outlined in section I.5. Results will be announced during Kanga Crypto News, streamed on the Organizer’s social media.
IV. Liability
The Organizer is not responsible for the content of submitted entries. However, entries violating applicable laws or platform rules may be removed.
The governing law for this Competition is the law of Belize unless otherwise mandated by applicable law.
Participants are responsible for adhering to YouTube’s terms of use.