Trading Competition Terms

Last modified: 06 January 2025

Javsphere - LeverageX Trading Competition

Current Trading Competition (Base Mainnet)

Prize Pool: 10,000 USDC. - Community Trading Volume Winners: 3,000 USDC. - Single Traders: 7,000 USDC.

Participation Requirements: - No tokens will be provided in this round; participating traders must use their own funds as collateral.

Community and Team Setup

- Participants can set up trading communities or participate in an existing one; the first person to set up the community will be the community leader. - To be part of a community is necessary to participate in the competition. - Minimum Team Size: Each community must have at least one member. - Maximum Team Size: Each community cannot have over 100 members. - Team Setup: A community owner leads the community, and the other participants are team members. - Prize Allocation: The Community Owner can decide how to split the prize money between the team and themselves. Once the percentage split is set, it cannot be changed. - Once a participant chooses a trading community, he cannot change to another community with the same address.

Competition Timeline

• Start: Wednesday, January 8th, 2025, 10:00 AM (UTC)

• End: Sunday, January 28th, 2025, 10:00 AM (UTC)

Competition Information

The official competition leaderboard at https://leveragex.trade/competition, contains all relevant information about the competition, including the leaderboard and updates. Participants are encouraged to check the leaderboard regularly for updates regarding standings and prize distribution.

Trading Rules

Trading Bots

Using trading bots or any automated systems to place or manage trades is strictly prohibited. Any participant found using such methods will be disqualified from the competition. Javsphere and LeverageX reserve the right to investigate and take necessary actions if suspicious trading activity is detected.

The total trading volume of a community is calculated as the sum of all individual trades within that community.

Eligibility

The competition is open to all users of leveragex.trade and app.leveragex.trade who meet the platform’s general terms of service. Javsphere and LeverageX reserve the right to disqualify any participant found violating the rules or engaging in unfair practices.

Prize Distribution

Prizes will be distributed to the Base address the winners have used within the trading competition. Community and individual prizes are split as outlined in the competition structure.

Legal Disclaimers

Javsphere and LeverageX are not responsible for any loss or damage incurred during the competition. Participants are responsible for ensuring their eligibility to participate in the competition under their jurisdiction’s laws. The value of USDC prizes may fluctuate, and Javsphere and LeverageX are not liable for any potential changes in value.

Decentralized Platform Disclaimer

Javsphere and LeverageX are decentralized projects, and as such, there is no official customer support or direct contact. Participants are responsible for managing their own trades and accounts. All information, including updates and competition details, will be provided through the platform's official communication channels.

Amendments

Javsphere and LeverageX reserve the right to amend these terms and conditions at any time. Participants will be notified of any significant changes.

Eligibility Requirements

In addition to meeting the platform’s general terms of service, participants must meet the following eligibility requirements: - Certain geographical restrictions apply. Please refer to the excluded jurisdictions outlined in the general terms and conditions of Javsphere and LeverageX. - Participants must comply with any local age restrictions or other legal requirements based on their location. - Javsphere and LeverageX reserve the right to disqualify participants from jurisdictions where trading competitions are not legally permitted.

Risk Disclosure

Leveraged trading involves a significant risk of loss, and participants should only trade with funds they can afford to lose. Javsphere and LeverageX are not responsible for any losses incurred during the competition, including those arising from technical issues, platform downtime, or internet interruptions.

Tax Obligations

Participants are solely responsible for reporting and paying any taxes due on prize winnings in accordance with the laws of their country of residence. Javsphere and LeverageX are not liable for any tax-related issues that may arise from a participant’s prize winnings.

Data Usage and Privacy Policy

By participating in the competition, participants consent to the use of their trading data for marketing, reporting, or analytical purposes. Javsphere and LeverageX will ensure that all data usage aligns with the platform’s privacy policy, and user data will be securely protected in compliance with applicable data protection laws.

Dispute Resolution Process

In the event of a dispute, participants may file a complaint by contacting Javsphere and LeverageX. Javsphere and LeverageX will review all complaints and take reasonable steps to resolve the issue. The decisions made by Javsphere and LeverageX regarding disputes are final and binding.

Governing Law

These terms and conditions are governed by the laws of the British Virgin Islands (BVI), and any disputes arising from this competition will be subject to the exclusive jurisdiction of the courts of the British Virgin Islands.