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Kraken Memecoin Showdown - Official Rules

KRAKEN MEMECOIN SHOWDOWN – OFFICIAL RULES


BY PARTICIPATING IN THE PROMOTION, YOU AGREE TO THESE OFFICIAL RULES AND THE KRAKEN.COM TERMS OF SERVICE, WHICH EACH FORM A CONTRACT. READ THEM CAREFULLY BEFORE PARTICIPATING. NO PURCHASE, PAYMENT, OR FUNDING NECESSARY TO PARTICIPATE. PURCHASE, PAYMENT, OR FUNDING WILL NOT INCREASE YOUR CHANCES OF WINNING.


Sponsor (“Kraken”)

Payward Inc., a company incorporated in Delaware with registered number 5017249 and registered address at 1209 Orange St., Wilmington, Delaware 19801.

Eligible Areas

Worldwide, excluding the United Kingdom and any other countries Kraken does not serve, as set forth on this support page . Additionally, participation is not permitted from, Singapore, Austria, Turkey, and New Zealand.

Promotion Period

12:00 AM UTC on July 8, 2025 to 11:59 PM UTC on August 8, 2025.

How to Participate

Eligible participants must trade any of the following meme coins on the Kraken Consumer platform during the Promotion Period: TOSHI, PENGU, LOFI, DOG, PONKE, BONK. The trading volume of these tokens will be tracked and measured in USD value for the duration of the Promotion Period.

Participants do not register or enter individually. Instead, the token with the highest total trading volume during the Promotion Period will be determined as the winner. No individual prize will be awarded to any participant.

Kraken reserves the right to remove from consideration any trades that Kraken reasonably believes to be manipulative, fraudulent, or otherwise in violation of Kraken’s Terms of Service or these Rules.

Determination of Winner

At the end of the Promotion Period, Kraken will calculate and verify the trading volume in USD equivalent for each eligible token. The eligible token with the highest cumulative trading volume will be declared the winner. Kraken’s determination will be final.

Prize

The winning meme coin will be featured on the rear wing of the Williams Racing F1 car during the Singapore Grand Prix race weekend, alongside the Kraken logo. There is no retail value associated with the prize and no prize is awarded to any individual.

Eligibility to Participate

You are eligible to participate in the Giveaway if, at the time of entry and during the Giveaway, you:

  • Reside in the Eligible Areas identified above;
  • Agree to the Kraken.com Terms of Service ;
  • Agree to these Rules and meet and comply with any and all applicable requirements herein;
  • Are not a Kraken Related Party (as defined below);
  • Are not otherwise ineligible to participate under the Kraken.com Terms of Service, these Rules, or applicable law.

You are not eligible to participate in the Giveaway if you are (A) a Kraken employee, officer, director, manager, agent, consultant, or representative; (B) a family member or live with any of the foregoing; (C) a Kraken corporate partner, division, subsidiary, affiliate, successor in interest; (D) an advertising, promotion, or public relations agency of any of the foregoing (each a “Kraken Related Party”). For the purposes of the Giveaway, family members are defined as spouse, mother, father, legal guardian, in-laws, grandmother, grandfather, brother, sister, children, and grandchildren (including “step” as they may apply).

Disqualification

Kraken reserves the right to disqualify any trading activity it determines, in its sole discretion, to be abusive, manipulative, or in violation of Kraken’s policies or applicable laws.

Notification of Winner

The winning meme coin will be announced on Kraken’s social media channels and via a dedicated blog post. No individual notifications will be sent, and no individual prizes will be awarded.

Consents and Approvals

Participants consent to Kraken using aggregate trade data for promotional and reporting purposes. This includes identifying the winning token and sharing aggregate statistics. No personal information of any participant will be used for such publication.

Disclaimers

Kraken is not responsible for any changes or unavailability of your internet or any other interference with your ability to access or otherwise participate in the Promotion, including your ability to timely enter, receive notices, or communicate with Kraken. Without limiting any other provision in these Rules, Kraken and Kraken Related Parties are not responsible or liable for any damage or loss by reason of any acts of God, equipment failure, terrorist acts, earthquake, war, fire, flood, epidemic, explosion, unusually severe weather, embargo, labor dispute, transportation interruption of any kind, civil disturbance, or any governmental, federal, state or local government authority action, or any other cause, whether or not specifically mentioned above.

Limitation of Liability, Disputes, and Governing Law

By participating in the Promotion, you agree to and hereby do release and hold harmless Kraken and the Promotion Related Parties from any damage, injury, death, loss, claim, action, demand, or other liability (collectively, “Claims”) that may arise from your acceptance, possession and/or use of any prize or your participation in this Promotion, regardless of whether such Claims, or knowledge of the facts constituting such Claims, exist at the time of entry or arise at any time thereafter.

BY PARTICIPATING IN THE PROMOTION, YOU AGREE THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION THAT CANNOT BE RESOLVED BETWEEN YOU AND KRAKEN, OR THE KRAKEN RELATED PARTIES ARISING OUT OF OR CONNECTED WITH THE PROMOTION WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (2) ANY AND ALL CLAIMS, JUDGMENTS AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED, (IF ANY), NOT TO EXCEED TWENTY FIVE DOLLARS ($25.00), BUT IN NO EVENT WILL ATTORNEYS’ FEES BE AWARDED OR RECOVERABLE; (3) UNDER NO CIRCUMSTANCES WILL YOU BE PERMITTED TO OBTAIN ANY AWARD FOR, AND YOU HEREBY KNOWINGLY AND EXPRESSLY WAIVE ALL RIGHTS TO SEEK, PUNITIVE, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, LOST PROFITS AND/OR ANY OTHER DAMAGES, OTHER THAN ACTUAL OUT-OF-POCKET EXPENSES NOT TO EXCEED TWENTY FIVE DOLLARS ($25.00), AND/OR ANY RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED; AND (4) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND YOU IRREVOCABLY WAIVE ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF.

Any dispute arising under or related hereto (whether for breach of contract, tortious conduct or otherwise) will be governed by the laws of England and Wales, without reference to its conflicts of law principles. By participating in this Promotion, you agree that any dispute arising from or relating to this Promotion shall be determined by confidential binding arbitration only in London, England, by and under the LCIA rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. If any provision of these rules is held to be illegal or unenforceable, such provision shall be limited or eliminated to the minimum extent necessary so that these rules otherwise remain in full force and effect and enforceable.

General Rules

Kraken reserves the right to modify these Rules in any way or at any time. Kraken reserves the right, in its sole discretion, to cancel or suspend this Promotion should viruses, bugs or other causes beyond their control corrupt the administration, security or proper operation of the Participation. In the event of cancellation or suspension, Kraken shall promptly post a notice on its website to such effect. Failure to enforce any provision of these Rules shall not constitute a waiver of that provision. Kraken’s decisions will be final in all matters relating to the Promotion. You waive any right to claim ambiguity in the Promotion or these Rules. The invalidity or unenforceability of any provision of these Rules will not affect the validity or enforceability of any other provision. If the Promotion is not capable of running as planned for any reason, Kraken reserves the right, in our sole discretion, to cancel, modify or suspend the Promotion and unilaterally select winners from eligible submissions received prior to cancellation, modification, or suspension or as otherwise deemed fair and appropriate by Kraken.

Memecoins are highly volatile and speculative digital assets. Prices may experience extreme fluctuations and are often driven by social sentiment rather than fundamentals. You may lose the entire value of your investment. This does not constitute financial advice. Always conduct your own research. Trading may be restricted or unregulated in your jurisdiction. Ensure you are eligible before participating.