VALR’s Guess The Bitcoin Price Competition

🏆 Competition Closed 🏆

Thank you for your participation. Winners have been announced on X (Twitter) @VALRdotcom.

Visit our Competitions & Promotions page to stay updated on all ongoing and upcoming competitions at VALR.

Guess the opening price of Bitcoin on VALR's Spot market (BTC/USDC) at the time of the Bitcoin Halving for a chance to win a share of BTC worth $888 USD!

Competition period:

• 22 March, 2024 -  (i) 15 April, 2024 at 20:59 pm (UTC); or (ii) 1 hour before the halving, whichever occurs first (“closing date”)

How to Participate:

1. Create your VALR account and verify your ID.

2. Follow @VALRdotcom on X.

3. Guess what the Opening Price will be at the Halving Time. For reference, check here.

4. Post your price prediction on X as a comment under this post and tag 2 friends before the closing date.

5. Fill in the competition form below with the link to your comment.

Please note that you can submit your price predictions more than once before the closing date. However, only the most recent prediction will be considered in the final ranking.

Prizes:

The prize pool will be distributed to the top 3 Participants with the closest guess:

• 1st prize: 50% of prize pool 

• 2nd prize: 30% of prize pool 

• 3rd prize: 20% of prize pool

Follow VALR on X (@VALRdotcom ) to stay updated with the Competition.

Ts & Cs

VALR’s Guess The Bitcoin Price Competition

Competition Ts & Cs (“Rules”):

Competition:

1. This promotional competition (“Competition”) is run by VALR Pty Ltd (“VALR”).

2. This offer may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition or promotion prohibits or excludes winning in this current Competition.

3. The Competition begins on 22nd March 2024 09:00 am (UTC) and ends at: (i) 15th April, 2024 at 20:59 pm UTC; or (ii) 1 hour before the halving, whichever occurs first (“closing date”).

4. Winners will be announced within 3 South African business days after the closing date.

5. Prizes will be distributed within 7 South African business days after the closing date.

6. The Competition is only available to participants (“Participants”) who have onboarded and completed Fully-verified status on VALR.

Prizes:

1. The prize pool for this Competition stands at $888 USD worth of BTC which will be distributed to the 3 Participants with the closest guess to the Opening Price.

2. The Participant with the closest guess to the Opening Price wins 50% of the prize pool. The Participant with the second closest guess to the Opening Price wins 30% of the prize pool and the Participant with the third closest guess to the Opening Price gets 20% of the prize pool.

3. If two Participants have made the exact same guess, the Participant who made the guess first during the Competition and before the closing date (calculated based on the UTC time that the guess was made, via that Participant’s Opening Price prediction comment post on X) will be rewarded as the first, second or third place prize winner, as applicable.

4. Participants can submit their price predictions more than once before the closing date, but only the most recent prediction will be considered in the final ranking.

5. VALR will only consider price predictions that are made prior to the closing date, being: April 15th, 2024 at 20:59 pm (UTC); or (ii) 1 hour before the halving, whichever occurs first. Predictions made after this time will not be eligible for entry or prizes.

6. VALR reserves the right to make a determination on the ranking and winner in its sole and absolute discretion.

7. Prizes will only be awarded to qualifying Participants that can display, in VALR’s sole and absolute discretion, that: (i) their Opening Price prediction post is linked to their handle on X, which handle must be listed in the Competition registration form; and (ii) they have posted their Opening Price prediction before the closing date.

8. The Halving Time will be based on the UTC timezone.

Personal information: 

Any personal information provided to VALR by a Participant for purposes of this Competition will be treated in accordance with VALR’s Privacy Policy.

The nitty gritty:

1. The Competition is open to all VALR customers, except VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers as well as any persons resident in VALR’s list of prohibited countries.

2. Participation by all Participants constitutes acceptance of these Rules, VALR’s Terms of Service, VALR’s Futures Terms of Service and the Risk Disclosures. By entering the Competition, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Competition in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Competition as final and binding including but not limited to any decisions regarding rewards, the Reward Pool and reward payouts. Any participants found violating this clause will be removed from the Competition and VALR may freeze or block such participant's VALR account.

3. VALR reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary the Rules and the Competition without prior notice, including but not limited to cancelling, extending, terminating or suspending the Competition, the Rules, the reward parameters, the Reward Pool, the eligibility terms and criteria as well as the selection and/or number of winners.

4. VALR reserves the right, in its sole and absolute discretion, to disqualify any Participants from participating in the Competition and claiming rewards or disqualifying specific trades or referrals:

   4.1 Where VALR finds the Participant to be party to any anticipated, suspected or actual:

• Fraud;

• Inappropriate, dishonest or abusive activities;

• Use of fake or fraudulent accounts; 

• Manipulation or violation of these Rules, or

• Market manipulation, self-dealing, wash trading or illegally bulk registered accounts; or

  4.2 For any other reason as determined by VALR.

5. If you are selected as a prize winner, you agree and consent to VALR publishing your name, your VALR reference number / tag and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any prize winner(s), provided that any prize winner(s) may expressly elect to decline this.

6. VALR will announce on its social media pages when the Competition has ended. No further rewards will be awarded once VALR has made such an announcement. The Participant should visit VALR’s social media pages regularly for updates.

7. These Rules will be governed and interpreted in accordance with South African law and any disputes arising from the Competition will be subject to the exclusive jurisdiction of the courts of South Africa.

Risk Disclosure

Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.

Futures trading on VALR is high risk. Depending on market movements, your position may be liquidated and you may sustain a total loss of your Cryptocurrencies or Fiat that you have supplied as Collateral.

Please refer to VALR’s full set of risk disclosures found here.

Waiver

The Participant hereby releases, waives and discharges VALR and its affiliates from any and all liability, costs or expenses, claims, demands, actions and causes of action whatsoever for any loss or damages, that may be sustained by the Participant arising out of or relating to the Participant’s participation in the Competition, or while in any way engaged with activities related to the Competition, wherever, whenever, or however the same may occur, regardless of who is at fault and including as a result of the negligence or fault of VALR or its affiliates.

Disclaimer

The Competition and its content should not be construed as investment advice or an offer or an invitation to make an offer, to buy or sell crypto assets, or an inducement to enter into any agreement or commitment with VALR or any of its affiliates in respect to any products or services for any persons, including those who are prohibited from receiving such content under the laws applicable to their place of citizenship, domicile, or residence.

VALR and its affiliates give no warranty, express or implied, including with respect to the fitness for a particular purpose of any information provided, or assume any legal liability or responsibility for the accuracy, completeness or usefulness of any information, product, practice, service or process presented, or represent that its use would not infringe any rights. VALR accepts no responsibility for, and shall have no liability in respect of, any loss or damage, whether direct, indirect or consequential, which may arise from reliance on or in connection with, the information presented herein.

The Competition content contained herein does not constitute investment or financial advice (or any advice whatsoever), should not be used as the basis for any investment or financial decisions, and does not purport to provide any legal, tax, or accounting advice.

All VALR's rights are expressly reserved.