Rules of “Nexo Fixed Term Welcome Bonus Promo”

1. General Rules

1.1. The Nexo Fixed Term Welcome Bonus Promo (hereinafter referred to as “the Promo”) shall be conducted within the period from 00:00 UTC on December 1, 2023, until 23:59 UTC on December 31, 2023 (“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 theNexo Services General Terms and Conditions, and the Nexo Earn Interest Product General Terms (“General Terms”), available on the Nexo Platform.

2. Right of Participation

2.1. Clients, who comply with the Rules and the General Terms, (i) have not previously opened a Nexo Account, or (ii) have not previously topped up any Digital Assets in their Nexo Account, 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. To be eligible for a Reward, the Participant shall meet all of the conditions in this section cumulatively:

3.1.1. has to complete one or more Digital Assets top-up transactions during the Promo Period, using the available methods on the Nexo Platform;

3.1.2. create one or more Fixed Terms, with a length of at least three months, before the end of the Promo Period, where the cumulative amount of Digital Assets locked in a Fixed Term shall be within one of the three predefined thresholds for the Promo (“Promo Eligible Amount”). Each Fixed Term is taken into consideration based on the USD value at the time of its creation, indicated in the transaction history in the Nexo Account. Interest accrued during the Promo Period will not be considered part of the three predefined thresholds.

3.2. Top-ups from other Nexo Accounts will not be eligible for participation in the Promo.

4. Rewards

4.1. Subject to fulfilling all requirements stated in Article 3, the Participant shall receive a reward in USDC (“the Reward”) no later than January 15, 2024.

4.2. The Reward will be determined using a tiered system, as presented on the Nexo Platform, with minimum thresholds and awarded based on the Participant’s Promo Eligible Amount. All Rewards are pre-determined and are not proportional to the amount in Fixed Terms.

4.3. If the Participant qualifies as a Referred Client under the meaning given in the General Terms and receives an incentive for topping up Digital Assets between December 1, 2023, and January 15, 2023, under the Nexo Referral Program, the Reward under Article 4.2. shall be reduced by the amount of incentive received, as stated in the Transaction History.

5. Rights Reserved by Nexo

5.1. 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.

5.2. 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.

6. Others

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

6.2. 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.

6.3. 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.

6.4. 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. 

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