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Orlando Incentive (Brazil) - Official Rules

Orlando Incentive (Brazil) – 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 ENTERING. THIS PROMOTION IS AN INCENTIVE PROGRAM AND IS NOT A GAME OF CHANCE, SWEEPSTAKES, OR LOTTERY.

 

1. Sponsor

The sponsor of this Promotion is Payward, Inc., a company incorporated in Delaware with registered number 5017249 and registered address at 1209 Orange Street, Wilmington, Delaware 19801 (“Kraken”).

2. Eligible Area

This Promotion is open only to legal residents of Brazil who are eligible to create and maintain a valid Kraken account under the Kraken Terms of Service, and who satisfy the other eligibility requirements set out in these Official Rules. The Promotion is void in any other jurisdiction and wherever prohibited by law.

3. Promotion Period

The Promotion begins at 00:00 UTC on September 12, 2024, and ends at 23:59 UTC on October 12, 2025 (the “Promotion Period”).

4. How to Participate

To qualify for a reward under this Promotion, participants must complete all of the following steps during the Promotion Period:

  1. Maintain a verified Kraken account at the Intermediate level.
     
  2. Submit a valid Kraken Public Account ID via the designated submission form so Kraken can verify and credit the reward. Failure to submit accurate details may result in disqualification or forfeiture of the reward.
     
  3. Deposit funds using BRL or USD through a fiat-only deposit method (crypto deposits do not qualify).
     
  4. Complete eligible trading transactions during the Promotion Period according to one of the following tiers:
     
    • Tier 1: Deposit at least USD $1,000 (or BRL equivalent) and trade at least USD $2,000 (or BRL equivalent) in crypto (excluding stablecoins) to receive $30 in Kraken Fee Credits (“KFEE”).
       
    • Tier 2: Deposit at least USD $10,000 (or BRL equivalent) and trade at least USD $50,000 (or BRL equivalent) in crypto (excluding stablecoins) to receive $100 in KFEE.
       

Trading volume is calculated based on prevailing market values on Kraken at the time of the transaction. Transactions involving stablecoins, zero-fee trading pairs, or trades by market makers are excluded.

5. Limitations

  • Limit one reward per participant.
     
  • This Promotion is capped at 100 eligible participants. Once the cap is reached, no further rewards will be issued, even if participants complete the qualifying criteria.
     
  • Rewards are non-transferable and non-exchangeable, and may not be redeemed for cash.
     
  • Participants who register for multiple new user promotions during the same period will only be eligible for the first promotion successfully tracked; subsequent registrations will be void.

6. Reward Delivery

Qualifying participants will receive the applicable KFEE reward credited to their Kraken account within 14 days after the Promotion Period ends, provided that Kraken has received and verified a valid Public Account ID. The value of the KFEE reward is determined at the time of crediting.

7. Eligibility

You are eligible to participate if, at the time of entry and throughout the Promotion Period, you:

  • Are a legal resident of Brazil;
     
  • Are at least 18 years of age;
     
  • Have successfully created and verified a Kraken account at the Intermediate level;
     
  • Have deposited eligible fiat funds and completed qualifying transactions; and
     
  • Are not a “Kraken Related Party” as defined below.
     

You are not eligible to participate if you are: (A) an employee, officer, director, manager, agent, consultant, or representative of Kraken or its affiliates; (B) an immediate family member of any of the foregoing; or (C) otherwise restricted from participating under the Kraken Terms of Service or applicable law. For the purposes of this Promotion, “immediate family member” includes spouse, parent, child, sibling, grandparent, and step-relations.

8. Disqualification

Kraken reserves the right to disqualify participants it determines, in its sole discretion, have: (A) engaged in prohibited trading activity (including wash trading, self-dealing, or market manipulation); (B) violated these Official Rules or the Kraken Terms of Service; or (C) otherwise acted in a manner inconsistent with the fairness or integrity of the Promotion.

9. Notification and Verification

Rewards will be credited automatically to eligible participants’ accounts after Kraken verifies compliance with these Official Rules. Participants may be required to provide additional documentation or information to confirm eligibility. Participants who fail to provide accurate Public Account ID information through the submission form may be disqualified.

10. Consents and Approvals

By participating in this Promotion, you consent to Kraken and its affiliates processing and using your personal information for the purposes of administering the Promotion, communicating with you about Kraken products, and complying with applicable laws. Winners acknowledge that their identifying information may be disclosed to third parties as required for tax reporting or legal compliance. Kraken’s Privacy Policy (https://kraken.com/legal/privacy) applies.

By responding to the survey or submission form, you are consenting to our use of your information in accordance with our Privacy Notice.

11. Disclaimers

Kraken is not responsible for: (A) network failures, internet outages, or other technical errors that prevent participation; (B) disqualifications due to incomplete or inaccurate information; or (C) any taxes or fees arising from the value of the reward.

12. Limitation of Liability

By participating, you release and hold harmless Kraken and its affiliates from any claims, damages, or liabilities arising out of your participation in the Promotion or receipt of a reward, except to the extent liability cannot be excluded under applicable law.

13. Modification and Termination

Kraken reserves the right to modify, suspend, or terminate this Promotion at any time for any reason, including in the event of fraud, technical issues, or regulatory changes.

14. Governing Law

These Official Rules and any dispute arising hereunder shall be governed by the laws of England and Wales. Any dispute shall be resolved by binding arbitration in London, England under LCIA rules, except that Kraken may seek injunctive or equitable relief in any court of competent jurisdiction.

15. General

Failure by Kraken to enforce any term shall not constitute a waiver. If any provision is found invalid, the remaining provisions remain enforceable. Kraken’s decisions regarding interpretation of these Official Rules are final.