Rules of "Dive into Futures" Promo

1 General Rules

1.1. The "Dive into Futures" Promo (hereinafter referred to as “the Promo”) shall be conducted within the period from 14:00 UTC on February 21, 2024, until 23:59 UTC on March 5, 2024 (“the Promo Period”).

1.2. The organisation and conduct of the Promo, as well as the participation therein, shall be governed by the terms and conditions of the present rules (“the Rules”) and the Nexo Services General Terms and Conditions and Nexo Crypto Credit General Terms and Conditions (“General Terms”), available on the Nexo Platform.

2. Right of Participation

2.1. Clients, who comply with the Rules and the General Terms and are not (i) citizens or residents of the USA, or (ii) residents of Canada, UK or any other jurisdictions where we have restricted our services can participate in the Promo (separately referred to as “Participant” and collectively as “Participants”).

2.2. By participating in the Promo, every Participant declares full and unconditional consent to the Rules and agrees to accept as final and binding all Nexo’s decisions with regard to the Promo.

3. Mechanism

3.1. The Participants need to open one or more Futures Contracts for the BTCUSDT Perpetual on the Nexo Platform, with the total sum at the equivalent of at least USDТ 1000, before the end of the Promo Period. Each Futures Contract shall be taken into consideration based on the USDТ value at the time of its creation, as indicated in the transaction history in the Nexo Account, where the cumulative amount of the Futures Contracts shall be used to determine the eligible entries for the reward draw (“Promo Eligible Amount”).

3.2. For the purposes of calculating the Promo Eligible Amount, Nexo will exclude any:

3.2.1. deferred Futures Orders for opening Futures Contracts and not executed during the Promo Period; and

3.2.2. Futures Contracts opened on the Nexo Pro Platform during the Promo Period.

4. Rewards

4.1. The Promo comprises twenty (20) rewards (“the Rewards”) at the total amount of 1 Bitcoin (BTC) and will be paid in USDT, based on the current market price at the date of payment. Subject to fulfilling all requirements stated in Article 3, the winning Participant (separately referred to as “Winner” and collectively as “Winners”) shall receive a Reward at the amount of 0.05 BTC (“Applicable Reward”), whose USDT equivalence will be transferred to their Nexo Account in the Futures Wallet.

4.2. All Applicable Rewards will be paid out by March 18, 2024.

4.3. Requests for cash or another reward substitution (including Digital Asset’s type), as well as requests for transfer or assignment of the reward to third parties, shall not be allowed, nor considered by Nexo.

4.4. The Winner shall be fully and solely responsible for (i) any and all reward-related expenses, including without limitation any and all federal, state, and/or local taxes, any fees or sanctions imposed in this regard; (ii) ensuring his/her compliance with any and all applicable federal, state, and local laws and regulations in regard to the reward receipt.

5. Winners Selection and Notification

5.1. The Winners will be randomly selected by Nexo from all entries eligible for the Promo, where the Promo Eligible Amount, divided by 1000, shall indicate each Participant's eligible entries. There is no limit on the number of entries one Participant can obtain under the previous sentence.

5.2. Winners will be notified via e-mail no later than March 18, 2024, and their Rewards shall be made available in their Nexo Account in the Futures Wallet. Nexo shall have no liability or responsibility in case the event is cancelled, changed or modified, regardless of any reason.


6. Rights Reserved by Nexo

6.1. Nexo reserves the right, at its sole discretion, to cancel, terminate, modify or suspend the Promo should virus, bug, non-authorized human intervention, fraud, or other cause beyond Nexo’s control corrupt or affect the administration, security, fairness, or proper conduct of the Promo.

6.2. Nexo reserves the right, at its sole discretion, to disqualify, revoke or deny the Promo’s Reward, block access to products, or exclude from future promotional offers any client who tampers or attempts to tamper with the entry process or the operation of the Promo, including but not limited to engaging in dishonest or abusive activities, bulk-account registrations to obtain additional Rewards, using the same top-up/withdrawal addresses or generate activity from the same IP address and any other activity that is unlawful, fraudulent, or harmful or such that violates the Rules or the General Terms. Nexo has the right, at its sole discretion, to maintain the integrity of the Promo, including, but not limited to, the use of bots, macros, scripts, or other technical means for entering. Any attempt by a Participant to undermine the legitimate operation of the Promo may represent a violation of criminal and civil laws. Should such an attempt be made, Nexo reserves the right to seek damages to the fullest extent permitted by law.

7. Others

7.1. Nexo, at its sole discretion, at any time during the Promo Period, can amend the Rules.

7.2. Any notice required or made under these Rules by any Participant to Nexo shall only be made via e-mail in English to [email protected]. Any notice required or made under these Rules from Nexo to any Participant shall be considered validly received when addressed to the Participant’s last provided email address, mailing address or phone number.

7.3. Nexo shall have no liability for any Participant’s failure to receive notices therefrom regarding the Promo due to spam, junk e-mail or other security settings or any Participant’s provision of incorrect or non-functioning contact details. If a Participant cannot be contacted or is ineligible, Nexo, at its sole discretion, may invalidate any Reward under Art. 4.

7.4. All relations between Nexo and the Participants will be governed by the present Rules, the General Terms and the Applicable Law, as defined by the General Terms.

7.5. By entering the Promo, the Participants declare that they have reviewed, accepted, and consented to all terms and conditions of the Rules.