- These terms and conditions seek to instruct users about the “BKT Liquidity Mining Program”, which aims to distribute the Blocktanium token (BKT) to users who fulfill the requirements set out in the underlying topics.
- Such action will be carried out on the Blocktane platform starting at 15:00:00h UTC on 31/05/22 and will last 50 (fifty) periods of 28 days each, known as “Epochs” of distribution of the amount of 1,000,000 (one million) BKT tokens. Blocktane will distribute the total amount of 50,000,000 (fifty million) BKT tokens over the course of the BKT Liquidity Mining Program, in accordance with these terms.
- Each Epoch will end at 15:00:00 UTC on its ending date. The next Epoch will start at 15:00:00. There will be a 24-hour break between Epochs to carry out the necessary technical review or adjustments.
- All uses of the terms, including, but not limited to: “user”, “you”, “participant”, refer in singular or as a whole to any natural person or corporation who has a valid, open, account on Blocktane, and has accepted the Terms and Conditions of the services provided on Blocktane.io.
- Any reference to the terms “Reward”, “bonus”, “incentive”, “prize”, or equivalent refers to the potential amount of BKT possible for a given user to be awarded through their successful and compliant participation in any Epoch under the Liquidity Mining Program.
- In order to participate in this program, any user must meet the following requirements:
- Be a fully verified user of the platform.
- Fully agree and comply with all of these terms and conditions
- Have a free balance of at least 501 BKT at all times during an Epoch in the user’s account.
This Liquidity Mining Program is divided into three Phases which are described in the following link, each with progressively changing conditions according to which participation counts towards rewards during an Epoch.
- If Blocktane suspects or has reason to believe that the user has abused and/or manipulated any of the Terms and Conditions of this Liquidity Mining Program or has not acted in good faith, the Company reserves the right, at its absolute discretion and without obtaining any client’s consent, to withhold any reward with immediate effect.
- The company reserves the right to disqualify any user in the event that any prohibited trading activities are undertaken within any of the users’ trading account(s) or/and in coordination with any other user including collusive and organized market behaviour.
- If Blocktane suspects or has reason to believe that any user has submitted fraudulent details and/or false identification information during registration of an account for Blocktane’s services or in participation in this program, Blocktane reserves the right at its absolute discretion to disqualify the user from this program, and if deemed appropriate, terminate that user’s access to Blocktane services with immediate effect.
- In case of disqualification, the user will not receive any reward for the period in which the violations were committed.
- In any case of disqualification, the user is prevented from participating in the next phases of this program, unless expressly authorized.
- You understand and agree that only data collected and processed by the Blocktane system will be considered for the purposes of measurement, analysis, and determination of your final reward. No data provided or offered by the participant will be considered or used for this purpose.
- Blocktane endeavours to provide access to the prevailing summary information of the users’ own points position and their relative ranking in the prize pool through a publicly accessible dashboard available via a designated, publicly accessible Blocktane leader board page. Leaderboard data is dynamic, and may occasionally have variable delays. It should be treated as indicative and your standing will vary over the course of an Epoch due to your, or all other users’ activity on the Blocktane platform.
- This leader board may, from time to time, be taken offline for periodic maintenance, which Blocktane will make every effort to communicate in advance, but may occur without notice.
- Delivery to each user any BKT rewards will be completed no later than 10 working days after the end of the first Epoch, but may be awarded by Blocktane at any time after close of this Epoch. In later phases, users may need to actively claim their rewards to retrieve them.
- Blocktane is not responsible for any transaction carried out by any user at any time. By using Blocktane.io and all services and functionality therein, you accept and are aware of the risks and volatility inherent to digital assets. Blocktane is not responsible for any implied, perceived or real loss, or any other form of diminished value of any instruments arising from a transaction conducted within Blocktane. Use of Blocktane’s services is affirmation and declaration by a user to have sufficient understanding, and awareness of the technical and commercial risks of participation in digital asset markets up to and including total irreversible loss due to market events for any reason.
- The content of this program does not constitute financial, investment, legal or tax advice. None of the information contained on Blocktane web properties constitutes a recommendation, solicitation or offer to buy or sell any digital assets, securities, or other financial instruments or assets, or to provide any investment advice or service.
- Blocktane may provide educational information about supported digital assets as well as digital assets not supported by the platform. Information may include, but is not limited to, blog posts, official social media posts, articles, links to third-party content, news feeds, tutorials, and videos. The information provided on the Blocktane website or any such third party websites, directly or indirectly related to this program, does not constitute investment advice, financial advice, business advice or any other type of advice, and none of the website content should be treated as such. Blocktane does not recommend that any Digital Assets be bought, sold or held by you and will not be held responsible for the decisions you make to buy, sell or hold Digital Assets.
- Over the course of the Liquidity Mining Program will last for a period of 50 Epochs, changes, or unforeseen circumstances may arise. Blocktane clarifies that, in case of instability or interruption of Blocktane services, Epochs will not be extended, changed, or otherwise modified to add new opportunities or additional hours for users to ****accumulate more points. The platform reserves the right to carry out scheduled and unscheduled maintenance, which Blocktane endeavours to be duly communicated to users through our official communication channels, but reserves the right for unannounced, unscheduled maintenance for any reason. Such maintenance does not confer any right to restart Phases, Epochs, or recount points, and will not affect the regular course of this program.
- For the avoidance of doubt, Blocktanium, referenced with short form BKT, is an ERC-20 format Ethereum blockchain network digital product with smart contract address of 0x9d62526f5Ce701950c30F2cACa70Edf70f9fbf0F. BKT does not confer to its possessor any rights, title, claim, or interest in the assets, income, or property of Blocktane companies, partners or affiliates of any kind. BKT is solely a rewards instrument which has utility within Blocktane services as described elsewhere within Blocktane’s web properties. The intrinsic utility of BKT may be changed from time to time by Blocktane as we endeavor to expand the appeal of BKT. As a publicly accessible and self-custody capable blockchain product, Blocktane is not responsible for, nor represents, condone, or necessarily have knowledge of any other services built by unaffiliated third parties which may involve BKT in some manner.
- These Terms have been prepared in English, and the English version thereof shall prevail and be binding even though other language translations may also be prepared for convenience.
- Blocktane reserves the right to, at its absolute discretion, unilaterally modify these Terms and Conditions or terminate this Liquidity Mining Program, at any time without user consent or consultation. Any changes will be communicated at its earliest convenience via Blocktane's official social networks and email, and will remain available on Blocktane's website.
- Acceptance of delivery of any BKT token rewards resulting from participation in the Liquidity Mining Program is deemed to be full acceptance of these terms and conditions applicable to this program. It is the user's responsibility to check this page whenever they use the website, as Blocktane may update these Terms from time to time.