Tuesday, May 14

SFX Coin Airdrops Terms & Conditions

§1 General Provisions

  1. The organiser of this airdrop is SimpleFX Ltd, registration number 22361 Suite 305, Griffith Corporate Centre Beachmont, Kingstown VC0100, St. Vincent and the Grenadines.
  2. The airdrops take place on the SimpleFX trading platform.
  3. These airdrops aim to accelerate the community around the newly issued coin – SFX Coin.

3.1. SFX Coin giveaway will be the first step of SimpleFX launching new features on the online platform which will be available soon with the use of our coins.

3.2. Privilege SFX Coin Users will benefit with upcoming features such as:

    • Optimising trading costs, 
    • Spread discounts,
    • Staking rewards,
    • Scarcity premium due to the token’s decreasing supply,
    • Withdrawal fee rebates,
    • Early access to new products and features,
    • Exclusive privileges and experiences,
    • VIP services and voting rights for large token holders,
    • Gaining greater decision-making power within the platform through the SFX Coin. 

3.3. SimpleFX does not guarantee the implementation of all the above features as the SimpleFX platform is still evolving. However, SimpleFX’s target is to provide exclusive opportunities, such as the above, to SFX Coin holders.

  1. Before entering the airdrops, the Participant is obliged to read the general terms and conditions of use of the SimpleFX platform.
  2. Participant’s participation in the airdrops means that he/she accepts the rules of the airdrops contained in this document.
  3. The airdrops will be available from May 10, 2023, to April, 2024, or until revoking or the end of the supply of SFX Coin.
  4. The total amount of SFX Coins is 100 000 000 SFX Coins.
    7.1. Amount for airdrop will be no more than 30 000 000 SFX Coins.
  5. SimplFX reserves the right to give away SFX Coins in other airdrops organised by the company.

§2 Definitions

  1. “Airdrops” is an event described in these terms and conditions.
  2. “Prize” means SFX Coin.
  3. “SFX Coin” means SimpleFX Coin
  4. “User” means a person who has an active account on the SimpleFX platform.
  5. “Rewarded User” means a person rewarded with SFX Coin regarding these airdrops.
  6. “Affiliate Program” means the  affiliate program described on the SimpleFX website- https://simplefx.com/affiliate/
  7. “Active account” is a User account on the SimpleFX platform currently in use and has not been deactivated or deleted. In the context of a giveaway, the rewarded User must have an active account with SimpleFX to be eligible for rewards.

§3 Airdrops Program

  1. SFX Coins will be granted in situations where:

a) When a new User makes his first deposit in the minimum amount, Simplefx Ltd. will grant the User an SFX Coin.

b) Every day, when a customer closes any trades, we multiply the total amount they have spent on spreads by the applicable compensation coefficient in SFX Coin.

c) User closes his first trade on the SFX platform.

d) User invites a new User to the SimpleFX platform using the Affiliate Program, and the referred User will:

    • deposit funds in the SimpleFX platform account in the minimum amount,
    • make his first trade for the minimum value,
    • Trade and generate spreads. Every day, affiliates receive an SFX Coin for a specific amount earned in the SFX affiliate program (revenue).

1.1. Minimum amounts, values, and amounts of SFX Coins to be given will be precise on the SimpleFX website.

§4 Final Provisions & Restrictions

  1. The User shall not be entitled to receive the Prize (or may forfeit the Prize received) if he/she violates, tampers with, or fails to comply with the provisions of these Terms and Conditions or has violated the rules of these airdrops.
  2. In the event of any dispute or misinterpretation of this Offer’s Terms and Conditions, such dispute or misinterpretation shall be resolved by SimpleFX, acting in good faith and as it shall, at its sole and absolute discretion, deem fit and proper. The decision of SimpleFX shall be final and binding.
  3. Detailed conditions and restrictions of these airdrops can be found on the SimpleFX website.
  4. The requirements may be adjusted as the market conditions change.
  5. The Organiser shall not be liable for any losses incurred by the Customer, including indirect or consequential losses or costs of lost opportunities or profits, which arose in connection with the Customer’s failure to fulfill the terms and conditions of participation in the airdrops.
  6. No third parties, including but not limited to Apple Inc., are associated with, sponsored, endorsed, or administered this contest.
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