Requirements

This contest (hereinafter referred to as the “Contest”) is open to all persons over the age of eighteen (18) who meet the requirements specified in these terms and conditions (hereinafter referred to as the “Terms and Conditions”), which will be available to the participant at all times so that they may consult them in advance.

Contest organiser and manager

• CRYPTO BIRDS PLATFORM S.L. (hereinafter referred to as «Crypto Birds»)
• Registered office: Calle Hermosilla, 48, 1D. 28001, Madrid
• Tax ID: B-88009360

Registration and contest phases

The contest consists of two phases, the registration phase, for which users will register on the platform and create a virtual portfolio with 4 to 6 blockchain projects, which they can modify until the end of this phase. The start and end dates of the registration phase, usually with a duration of 2 weeks, are clearly displayed on the contest's website.

Immediately after the registration phase, the contest phase begins, when no more participants will be accepted and users will no longer be able to modify their virtual wallets. The start and end dates of the contest phase, usually lasting 2 weeks, are displayed on the contest’s website.

Entries received after the deadline will not be accepted under any circumstances.

Participation requirements and contest mechanics

Once the contest phase begins, the Crypto Birds platform will take the starting prices of all the projects chosen by the contestants. At the end of the competition phase, the final prices of all the projects chosen by the contestants will be recorded. The platform will automatically calculate the performance obtained by each contestant's virtual portfolio, taking the initial and final prices as well as the distribution of the weight of each project within the competing virtual portfolios.

Following the end of the contest phase, the performance of the competing virtual portfolios will be calculated and ranked from highest to lowest performance for the classification of the winning portfolios. A manual review phase will then begin, where the Crypto Birds team will verify that all the winners have complied with the rules and that there have been no technical errors in the data collection process carried out by the Crypto Birds platform.

Once the manual review phase has been completed, the winners of the contest will be announced on Crypto Birds' social networks, a countdown will then be started on the platform's dashboard, indicating when the prizes can be claimed.

The following types of projects will not be eligible for the creation of virtual portfolios:

• Wrapped Tokens (Cryptoassets pegged to other cryptoassets or traditional market values)
• Overflow tokens (special cryptoassets where the number of tokens in the portfolio increases or decreases without investor intervention, e.g., the “PUMPETHER” project)

In addition, in order for a project to be selected, it must pass the following filters in order to ensure that its market is not easily manipulated:

• BirdBrain score of at least 20
• Accumulated weekly volume of 500,000 USD

Furthermore, there are projects where several versions of their token/cryptoasset coexist on the market, where it is clearly stated by the project that the valid version is the most recent one. If contestants choose an obsolete version of a cryptoasset, either by mistake or intentionally, at the end of the contest, during the manual review phase, the Crypto Birds team will be able to change the obsolete cryptoasset for the latest valid version.

Prizes

Prizes vary from contest to contest and are stated clearly on the contest website. Prizes are usually awarded to the top 25 virtual portfolios, in addition to a number of special prizes.

The type of prize may vary depending on the contest, but the prize will usually consist of a large discount when purchasing either the “XCB” platform incentive token or the user level NFTs from Crypto Birds Platform S.L.

Prize-giving mechanics

The prizes are deposited in a smart contract developed by Crypto Birds, once the contest is over, the addresses of the winning contestants' wallets and the prizes awarded will be automatically entered into the smart contract. It is up to the winning user to connect their wallet (using the address linked to the platform user) to the smart contract via the platform and claim the prize.

AWhen claiming the prize, the user must make a small payment (a commission for executing the smart contract), this payment will be considered as the purchase price of the amount of crypto-asset received, that is why, for tax purposes, it is considered that the user receives the crypto-asset with a big discount as a prize.

The user will have 3 months to claim their prize, after which time any unclaimed prize will be “burnt” (destroyed).

General conditions

Crypto Birds reserves the right to cancel, suspend and/or modify these Terms and Conditions, in whole or in part, in the event of fraud, technical failures, or any other factor beyond Crypto Birds' reasonable control that, in Crypto Birds' sole discretion, prevents the integrity or proper functioning of the Contest.

Likewise, it reserves the right to disqualify any person who, in its opinion, manipulates the participation process or the operation of the Contest or acts in violation of these Terms and Conditions in a prejudicial manner or in the absence of good faith.

Free participation

Participation in the Contest is open to all and there is no cost for participating users.

Limitations

Persons who have an employment relationship with Crypto Birds are not eligible to participate in the Contest.

If it becomes evident that any of the participants does not comply with the requirements set out in the Rules, or the data provided to participate is not valid, their participation will be considered null and void and they will be automatically excluded from the Contest, losing all rights to the prizes awarded under this Contest.

The prize awarded will not be transferable or subject to change, alteration or compensation.

Crypto Birds reserves the right to make any changes, suspend or extend the Contest if there is just cause and prior notice is given.

A period of fifteen (15) calendar days from the date of the awarding of the prize is established in order to make any justified claim.

Crypto Birds reserves the right, if necessary, to substitute the prize for another of similar characteristics.

Limitation of liability

Crypto Birds shall not be liable for any problems of a technical, communication, response, Contest disruption or any other nature that are not attributable to or are beyond the control of Crypto Birds:

(1) incorrect or inaccurate information, whether caused by participants or third parties external to Crypto Birds;

(2) technical failures of any kind beyond the control of Crypto Birds, including, but not limited to, malfunctions, interruptions, disconnections in telephone lines and computer hardware or network software;

(3) unauthorised human intervention at any time during the Contest entry;

(4) any claims for prizes after the deadline or claims with a wallet whose keys have been lost or compromised;

(5) any damage to persons or property that may be caused, directly or indirectly, in whole or in part, by the candidates' participation in the Contest or receipt of the prize or the due or improper use thereof.

Data protection

All personal data of participants and winners will be processed for the sole purpose of managing the Contest and communicating the results of said Contest on Crypto Birds' social media.

For more information, please refer to the Crypto Birds Privacy Policy.

Applicable law and jurisdiction

These legal bases shall be governed in accordance with Spanish law. The Courts and Tribunals of Madrid will have jurisdiction to resolve any claim or dispute that may arise in relation to the validity, interpretation or fulfilment of these legal bases, without the application of any other rule on conflict of laws (whether of Spain or of any other jurisdiction), which could lead to the application of the laws of any other jurisdiction than Spain.

Acceptance of contest rules

Participation in the Contest implies full acceptance of these Terms and Conditions, which may be consulted by the interested parties prior to their participation.

Failure to comply with any of the clauses contained in these Terms and Conditions by the participant will result in immediate disqualification.