Fan Token Reward Program

Fan Token Reward Program

Fan Token Reward Program - Terms & Conditions

The Fan Token Reward Program allows Bitexen Global users to earn rewards by locking their fan tokens based on team performance, with no risk of losing the locked tokens.

Through this program, users can show support for their favorite teams by locking fan tokens of clubs and/or teams from the major European leagues listed on the Bitexen Global platform.




Rewards are distributed based on the following team performance parameters:
1.Number of goals scored by the teams
2.Match points earned by the teams

Users earn rewards proportional to the amount of tokens they lock, according to the above criteria.

Info
Reward Calculation:

  1. Goal Reward = Goal Rate × Number of Goals Scored × Amount Locked for Goals
  2. Point Reward = Point Rate × Number of Points Earned × Amount Locked for Points

Example:
Let’s say User X locks 100 CITY Tokens for Manchester City in the "Goal" category. If Manchester City scores 3 goals in their first league match after the locking date, and the reward rate per goal is 0.5%, then:
Reward = 100 × 3 × 0.5% = 1.5 CITY Tokens

In addition to the main league regular fixtures, any other games of these teams (like Manchester City (CITY), Juventus (JUV), Inter Milan (INTER), Paris Saint-Germain (PSG), and Atletico Madrid (ATM) from these major leagues (such as English Premier League, Serie A, Ligue 1, and La Liga) allow users to lock tokens based on team performance and earn rewards accordingly.



Additional Information

  1. Users wishing to evaluate team performance and participate in the program must complete their token locking at least 15 minutes before the scheduled match start time.
  2. If locking is done less than 15 minutes before the match, the transaction will apply to the team’s next match, and rewards will be calculated accordingly
  3. Tokens distributed as rewards will be immediately usable and not locked.
  4. Locked tokens must remain locked for the entire duration specified for the selected parameter.
  5. Users can lock a maximum of 10,000 tokens per fan token to participate in Fan Token Competitions.
  6. There will be minimum and maximum limits for each locking action. These limits will be displayed during the transaction process.
  7. Users can lock tokens in separate transactions, as long as they remain within the allowed limits. (For example: if the max limit is 1,000 tokens, a user can lock 500 now and another 500 later.)
  8. In case of match cancellations, postponements, or abandonments, no rewards will be distributed, as the match is considered incomplete.
  9. Goals scored during regular and extra time are valid. Penalty shoot-out goals in cup matches are not valid for rewards.
  10. Users can lock tokens for multiple parameters simultaneously, i.e., both “Goals” and “Points.”
  11. Tokens will be automatically unlocked within one week following the match.
  12. Rates for locking parameters are not fixed and may vary. The reward calculation will use the rate valid at the time of locking, and this rate will remain valid for that lock duration, even if rates change later.


 

Info
Participation Terms
  1. All participants to be included in the system must be registered on the Bitexen Global platform with a verified active account. (The Customer Identification Form must be completed.)
  2. The awarded prize amounts will be credited to the Bitexen user accounts. In case of any delay, the user cannot claim any rights or compensation from Bitexen Global.
  3. This program cannot be combined with other campaigns, cannot be used as payment to any account, cannot be transferred or assigned to any person/account, and requests for changes will not be accepted.

 

General Event Terms

Bitexen Global applies the following general rules to all its events:

  1. Participants must be registered on global.bitexen.com and have completed all Know Your Customer (KYC) procedures.
  2. Participants are responsible for the accuracy and completeness of the information provided during registration. Bitexen Global is not liable for any inaccuracies.
  1. Participants must be at least 18 years old. Accounts found to be operated by individuals under 18 or by unauthorized users will be disqualified.
  2. Entries submitted before the competition's start time or after its end time will not be considered.
  3. Bitexen Global is not responsible for technical issues that may arise during the event.
  4. This event cannot be combined with other promotions or campaigns.
  5. By participating, users agree to these general rules. All event monitoring and evaluations are conducted by Bitexen Global.
  6. Participants attempting to manipulate the event results through fraudulent means, including but not limited to system interference or violating Anti-Money Laundering (AML) policies, may be disqualified and subject to legal action.
  7. Self-trading (matching one's own buy and sell orders) does not count towards the competition's trading volume.
  8. Bitexen Global may announce winners on its social media platforms. By participating, users consent to this disclosure.
  9. Risk Warning: Cryptocurrency markets are volatile. Participants should assess risks independently. This announcement does not constitute investment advice.
  10. Participants are responsible for any tax obligations arising from their winnings.
  11. By entering the competition, participants agree to receive related emails.
  12. Bitexen Global is not liable for damages caused by force majeure events.
  13. Bitexen Global reserves the right to modify or terminate the competition at any time. Participants are responsible for staying informed about any changes.
  14. In case of disputes, the courts and enforcement offices in jurisdictions through which Bitexen Global entity your account has been created as seen in your User Agreement will be in force.
  15. Bitexen Global records are decisive in resolving any disputes arising from the competition.
  16. Participation implies acceptance of all the above terms.
  17. For inquiries or feedback, please contact: globalsupport@bitexenglobal.com.

Bitexen Global reserves the right to amend these terms or terminate the event at its discretion.




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