Trading Campaign Terms and Conditions
1. Applicability
These Terms and Conditions (also “Agreement”) shall govern the commercial relationship between you, us, and our official partner exchange. Where used in this Agreement, references to: (a) “we”, “our”, “us” mean Bitsgap Holding OÜ, registry code 14004763, and, as applicable, any of its directors, officers, shareholders, employees, advisors, contractors, subsidiaries, and any of its affiliated corporate entities providing certain Services (as defined below) and access to the Applications and Data (as defined below) through the Website (as defined below), (b) “you” and/or “your” mean the individual or entity who wishes to participate in the Bitsgap Trading Campaign, and (с) the official Bitsgap partner exchange that provides financing for the Trading Campaign.
By participating in the Trading Campaign, you (a) confirm that you are aware of and comply with the present Agreement,general Terms and Conditions, Privacy Policy and other relevant agreements regulating your relationship with Bitsgap and (b) represent and warrant that you are authorized and lawfully able to enter into this Agreement. It is your sole duty to determine if you can participate in the Trading Campaign.
Additional terms or service conditions may apply and be shown separately. These additional terms become part of your Agreement with us, and all the policies made available to you therein must be followed. If you do not agree to all the terms and conditions of this Agreement, you may not participate in the Trading Campaign.
We reserve the right to change, modify, add, or remove portions of any part of these terms and conditions at any time at our sole discretion. We will notify you about the changes to the terms and conditions either by e-mail, your Account (if any), or through the Website. Your continued participation in the Trading Campaign means that you accept and agree to the changes.
2. Definitions and interpretations
References to the following words shall have the meanings set out below:
Trading Campaign: A competition among Bitsgap users to run Bitsgap bots on a partner exchange.
Trading Campaign Winner: The participant who ranks among the top performers based on average bot profit percentage in accordance with section 5 below.
Partner Exchange: The collaborating exchange that provides the prize pool and hosts the bots used by Bitsgap trading campaign participants. The Partner Exchanges are displayed on the dedicated Bitsgap webpage of the Trading Campaign. The Partner Exchanges are subject to change and can be added, replaced or removed without notice.
Prize Pool: The funds supplied by the partner exchange, held in a Bitsgap wallet, from which winners receive their rewards at the conclusion of the trading campaign.Otherwise, terms described in the Terms and Conditions shall apply in full to your relationship with Bitsgap.
3. Participation
To participate in the Trading Campaign, you must have a Bitsgap Account and comply with the general Terms and Conditions.
Any Bitsgap user who launches Bitsgap bots on the partner exchange during the Trading Campaign is considered a Trading Campaign participant. By default, all clients with a valid Subscription, including under Free Trial, are enrolled into the Trading Campaign.
Trading Campaign Winners are determined automatically by calculating the average bot profit percentage.
Current leaders are displayed in a leaderboard table on the Trading Campaign page with partially hidden User IDs (e.g., ***123)."
A user can be removed from the current leaderboard and completely excluded from the Trading Campaign by sending an email request to support@bitsgap.com.
Any fraudulent activity will result in disqualification and will be subject to investigation.
All users who have launched any futures or spot trading bots during the campaign are eligible to participate.
Bitsgap shall not be liable for any direct or indirect losses, including loss of profits incurred as a result of participation in the Trading Campaign.
4. Prize pool distribution
Trading Campaign Winners will receive their rewards directly in their Bitsgap accounts. Each user is limited to one Bitsgap account and one exchange account for participation. Bitsgap will distribute all prizes within 7 business days after the campaign ends.
Prize pool distribution details are disclosed on the Trading Campaign page on the Bitsgap.com website. Bitsgap acts solely as an intermediary for the payouts out of the prize pool. Bitsgap shall not be liable for failure of the Partner Exchange to fulfill their obligations related to this Trading Campaign.
Rewards are automatically credited to the user’s Bitsgap balance, from where they can be withdrawn to a wallet or exchange if the amount exceeds 25 USDT.
5. Determining the Trading Campaign Winners
The trader with the highest average cumulative bot profit percentage will secure first place. Other Trading Campaign Winners will be ranked according to their average bot profit relative to the first-place winner's average bot profit.
In the event of a tie (two or more users having the same average bot profit), ranking will be determined by User ID in alphabetical order. For User IDs starting with numbers, the first letter following the number will be considered.
The criterion for determining rankings is the average bot profit percentage over the campaign period. Only bots launched during the campaign are considered; bots launched before the campaign's start are excluded. Bots do not need to be closed at the campaign's end; the profit of open bots at the campaign's conclusion will be included.
The average bot profit (in percentage) is calculated using the following formula:
Average Bot Profit = (Total profit in USD / Total investment in USD) * 100
Bitsgap/Partner Exchange will withhold all applicable taxes from the winnings. You may be liable to declare the prizes in your country of tax residence. Bitsgap shall not be liable for such tax liabilities, losses related to failure to declare such information to the relevant tax authorities.
6. Complaints
In case you have any complaints, or require additional support, please contact us by email at support@bitsgap.com. Our support team will get back to you within 48 working hours. If your inquiry requires a more detailed answer, it might take up to 30 working days to process your request.