Terms and conditions: L1X Airdrops

Please read these Terms and Conditions carefully before entering into a Layer One X Airdrop ("Airdrop"). By participating in the Airdrop, you agree to be bound by these Terms and Conditions.

Competition Overview:

The Layer One X Airdrop is organised by the L1X Foundation, a blockchain technology foundation based in Zug, Switzerland ("Organizer" or “Layer One X”). The Competition aims to incentivise participants to create L1X Tokens for a chance to grab some L1X Coins from a total Pool of +250,000 L1X Coins. Participants may enter as many times as they like. Every purchase or token created is an entry in the Airdrop.

Eligibility:

1. The Competition is open to individuals older than 18 years old, or more at the time of entry.
2. Employees, contractors, and affiliates of Layer One X, as well as their immediate family members, are not eligible to participate.

How to Enter:

1. To enter the Airdrop, participants must purchase an L1X Username, create a Token and share the Token on Twitter.

Competition Period:

The Competition period begins on 2nd May, 2024, and ends on 31st May, 2024. All entries must be received by Layer One X during the Competition Period.

Prizes:

1. The prize pool for the Competition is +250,000 L1X Coins distributed to according the following structure.
   1. 100,000 L1X Coins as 1st Prize
   2. 75,000 L1X Coins as 2nd Prize
   3. 50,000 L1X Coins as 3rd Prize
   4. Random Winner of 25,000 L1X Coins
   5. Daily 500 L1X Coin Airdrop: Every Token created and shared on Socials will also enter into a daily draw to win 500 L1X Coins. Daily Winners are drawn from participants who do the activity within the previous 24-hour cycle.
2. The prize winner will be selected through a random draw from all eligible entries received during the Competition Period.
3. The prize winner will be notified via email.
4. Prizes are non-transferable and may not be exchanged for cash or any other form of compensation.
5. Daily L1X Coins received for winners will be airdropped and vested daily over 4 months to the recipients.
6. Other winners will get their L1X Coins on a 3-month cliff and 24-month vesting schedule.

Winner Announcement:

1. The winners of the distributed 150,000 L1X Coins will be shown on the leaderboard screen after the competition closes. However, the L1X team will corroborate that all the rules were followed and conditions were applied. Otherwise, the winner can be disqualified, and the prize will be for the following token that got the most amount of votes.
2. The winner will also be announced on the Layer One X official website and official social media channels and invited to a live event to showcase their token.
3. If the winner does not respond to the emails informing them of their win within 14 days of the second email, they forfeit their right to the prize, and Layer One X reserves the right to select and notify a new winner.

General Conditions:

1. The Organizer reserves the right to disqualify any participant found to be in violation of these Terms and Conditions or engaged in fraudulent activity.
2. The Organizer reserves the right to modify, suspend, or terminate the Competition at any time without prior notice.
3. Participants acknowledge and agree that cryptocurrency investments carry inherent risks, and the Organizer is not responsible for any financial losses resulting from such investments.

Data Protection and Publicity:

1. Entrants agree that any personal information provided when entering the competition will be used by Layer One X to administer the competition and for other purposes as specified in our Privacy Policy.
2. The winner's public wallet address will be announced on the website and social media channels (with some numbers covered). The winner's token will also be shown.

Release and Limitations of Liability:

1. Layer One X accepts no liability for any damage, loss, injury, or disappointment suffered by any entrants as a result of participating in the competition.
2. By entering the Competition, participants release and hold harmless Layer One X and its affiliates from any and all liability for any injuries, losses, or damages of any kind arising from participation in the Competition or acceptance of any prize.

Governing Law:

These Terms and Conditions shall be governed by and construed following the laws of Switzerland, without regard to its conflict of law principles. By participating in the L1X Mint and Win Competition, participants indicate their acceptance of these Terms and Conditions.

General:

Layer One X reserves the right, at any time and without prior notice, to cancel the competition or amend these terms and conditions.

Contact:

Email: Marketing@l1x.foundation