Terms of LCX Rolex Trading Competition

The following contains the official rules, terms, and conditions for the “Rolex  Sweepstakes” (the “Official Rules”), and, along with LCX AG’s Terms and Conditions and Privacy Policy, governs the relationship between you, as a Sweepstakes’ participant (“You,” or “Your”) and LCX AG, located at Herrengasse 6 in 9490 Vaduz, Liechtenstein as the sponsor and administrator of the sweepstake. The organizer of the competition is LCX AG, Herrengasse 6 in 9490 Vaduz, Liechtenstein (hereinafter called “Organizer” and “LCX”). 

All verified users at the LCX (http://exchange.lcx.com/ and https://accounts.lcx.com/) can take part in the competition. The organizer reserves the right to exclude any users from participation. Employees of the organizers and their relatives are not allowed to participate. Verified users are registered users at LCX platform who have passed the verification process (KYC) and have been approved by LCX.

Qualifying period starts April 21, 2021 and runs for 30 days until May 21st, 2021 end of day CET.

To qualify for the winning pool and to be eligible for potential winning of the prize the user needs to achieve the following: daily trading volume of a minimum of 1,000 USD at a minimum of 20 days during the qualifying period (the “sweepstake requirements”). All users who achieve the sweepstake requirements are part of the winning pool (the “winning pool”). Only trades at LCX Exchange (exchange.LCX.com) are counting for the minimum trading volume relevant to fulfill the sweepstake requirements. Trading volume outside of the LCX Exchange are not added and are not counted to your daily trading volume.

Prize Details: There are six (6) winners in total. One main winner and 5 additional winners. The main winner may choose between one (1) Rolex Model Milgauss or 100,000 LCX Token (the “Prize”). The retail value (“ARV” ) of the Prize is approximately $8,500 dollars USD. If the winner’s residency address is outside of the European Union, European Economic Area or Switzerland, the winner will get 100,000 LCX Token and will not be able to receive the Rolex Model Milgauss or and will not be able to choose between the prices. The reason for this is that the Rolex Model Milgauss can only be delivered to users in European Union, European Economic Area or Switzerland. LCX will cover the insured delivery costs of the Rolex Model Milgauss to the eligible winner.

In addition to this five (5) additional winners will be randomly selected to receive 10,000 LCX Token each, in total 50,000 LCX Token. The winners will receive the token prize delivered directly to their LCX user wallets in their verified account.

Picking of the winners: Using a random selection, the winners will be chosen from among the eligible participants. Out of all users who qualify for the winning pool, LCX will use a random selection method, in particular using the random user picker at the platform https://miniwebtool.com/random-name-picker/, to choose the final winner. This random name picker consists of a 3-step Randomness Process Certification to ensure a fair drawing of the final winner.

The Prize winners will be notified by Email or phone call and will then have to confirm acceptance of Prize. The winner will be announced on Sunday May 23rd before 8pm CET. Failure to respond within twenty-four hours to the Email or call will result in a forfeit of the prize, and the prize will be awarded to somebody else. Prize winners are responsible for all taxes and fees associated with Prize receipt and/or use.

ANY ATTEMPT TO DELIBERATELY DAMAGE ANY WEBSITE ASSOCIATED WITH THIS SWEEPSTAKES IN ANY WAY, OR UNDERMINE THE CONTENT OR LEGITIMATE OPERATION OF THIS SWEEPSTAKES, MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS AND SHOULD SUCH AN ATTEMPT BE MADE LCX WILL DISQUALIFY ANY ENTRANT RESPONSIBLE FOR THE ATTEMPT AND RESERVE THE RIGHT TO SEEK ANY AND ALL REMEDIES AVAILABLE FROM ANY SUCH PERSON OR PERSONS RESPONSIBLE FOR THE ATTEMPT TO THE FULLEST EXTENT PERMISSIBLE BY LAW.

Costs and Usage Rights: As stated above, each Prize winner is responsible for all income, federal, state and local taxes as well as any other costs or expenses associated with prize acceptance and use not specified herein as being provided. By participating, You agrees to be bound by these Official Rules and agree that LCX and each of their respective designees shall have the right and permission to use (unless prohibited by law) entrant’s name, address (limited to city and country/state/territory/province of residence), photograph, voice and/or other likeness and prize information for advertising, promotional and/or trade and/or any other purpose in any and all media or format now known or hereafter devised, throughout the world, in perpetuity, without limitation and without further compensation or consideration, permission or notification to entrants or any third parties.

Warranty Disclaimers and Limit of Liability: Released Parties make no warranty or representation of any kind concerning any Prize (or any portion thereof) and disclaim any implied warranty. Additionally, to the maximum extent permitted by law, Released Parties, and each of their respective designees and assigns, shall have no liability and will be held harmless for any liability, loss, injury or damage, including, without limitation, personal injury, death or damages of any kind to personal or real property, to entrant or any other person or entity due in whole or in part, directly or indirectly, by reason of participation in this Sweepstakes and/or the acceptance, possession, use or misuse of any Prize (or any portion thereof) and/or any travel or activity related thereto (including attendance at the respective event). 

LCX Termination Rights: LCX reserves the right, in their sole discretion, to modify, terminate or suspend this Sweepstakes (or any portion thereof) for any reason.

Odds of Winning: The odds of winning depend on the number of eligible entries received during the qualifying period.

Arbitration: Except where prohibited by law, as a condition of participating in this Sweepstakes, You agree that any and all disputes and causes of action arising out of or connected with this Sweepstakes, or prizes awarded, shall be resolved individually, without resort to any form of class action, and exclusively by final and binding arbitration under the rules of the Liechtenstein Arbitration and held at Liechtenstein court.  

Law: All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of You and LCX in connection with the Sweepstakes, shall be governed by, and construed in accordance with, the substantive laws of the Liechtenstein. 

This Sweepstake is in no way sponsored, endorsed or administered by, or associated with Rolex SA.

Any trademarks, service marks, and copyrights associated with LCX are proprietary to LCX AG. All rights reserved.