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INDODAX Trading Fest 2023

Terms and Conditions

    WE’VE UPDATED
    GENERAL TERMS AND CONDITIONS
    TRADING FEST OCTOBER 2022
    Period : October 11 - November 10, 2022

    These General Terms and Conditions (“T&C”) are terms, procedures and conditions regarding participation in the Trading Fest October 2022 Competition, organized by PT. Indodax Nasional Indonesia (“INDODAX”), as part of the INDODAX General Terms and Conditions; Before participating in the Trading Fest October 2022 Competition, you are advised to read carefully the entire contents of this T&C. By registering for the competition, you declare that you have READ, UNDERSTOOD, COMPREHENDED, RECOGNIZED, AGREED and ACCEPTED to be effective and legally bound by all of the terms and conditions set forth in this T&C; INDODAX may revise and/or update this T&C periodically in its absolute discretion. Any changes to the terms will apply on the date that they are made and it is your responsibility to check these T&C periodically for changes. In the event that you do not consent and agree to the revision and/or updated T&C, you must cancel your registration for the competition. INDODAX cannot and will not be liable for your failure to review and approve to the revision and/or update of this T&C.
    Terms and Conditions of the Trading Fest October 2022 Competition:

      DEFINITION

    1. Email is an email registered on an Indodax account as Verified Member and has gone through registration process for the Trading Fest October 2022 Competition
    2. Competition is the Trading Fest October 2022 Competition organized by INDODAX and is subject to this T&C
    3. Know Your Customer Principles (“KYC”) is an assessment process of prospective Members and Members to find out the background and good faith of the actions to be carried out in a Crypto Asset trading activity, in this case included in the assessment process of the participants of the Trading Fest October 2022 Competition
    4. Member is a person (an individual who has registered on the INDODAX platform, thus obtaining authorization from the INDODAX platform to carry out Crypto Asset trading, and can carry out the registration process for the Trading Fest October 2022 Competition
    5. Registration is a process of registering to be participant in the Trading Fest October 2022 Competition, which is part of the initial verification in obtaining information and statements as participants
    6. Bank Account is a bank account registered by a Verified Member that carry the same name with the name of the account holder and the name of the Verified Member as a competition participant
    7. INDODAX T&C is the Indodax General Terms and Conditions stated at the link Terms and Conditions
    8. Additional Verification is the process of evaluating participants and information related to participants, including but not limited to ensuring personal data and information included in the registration process to be validated by INDODAX in the eligibility of Verified Members participation in the Trading Fest October 2022 Competition
    9. Verified Member is a member who has gone through and completed and validated in the Verification and/or additional Verification process carried out by INDODAX.

      REGISTRATION

    1. Participants of the Trading Fest October 2022 Competition are INDODAX Members who have been verified and have an INDODAX account and are subject to the INDODAX T&C, where 1 (one) member can only process 1 (one) e-mail registration, 1 (one) ) mobile phone number, and 1 (one) identity card and other legal documents required in the registration process in accordance with the INDODAX T&C
    2. Participants of the Trading Fest October 2022 Competition are required to register for the competition via the link: Register here : Registration
    3. The Trading Fest October 2022 Competition Registration Period opens on 26-09-2022 (twenty-sixth September two thousand and twenty-two) at 00.01 WIB and closed on 10-10-2022 (tenth October two thousand and twenty-two) at 24.00 WIB.

      TRADING FEST OCTOBER 2022 COMPETITION MECHANISM

    1. The Trading Fest October 2022 Competition period starts on 11-10-22 (eleventh October two thousand and twenty-two) at 00.01 WIB and closed on 10-11-2022 (tenth November two thousand and twenty-two)
    2. Calculation of the trading volume only applies to trading with Rupiah (IDR) pairing
    3. Trading on the stable coin market will not be included in the competition and its trading volume will not be taken into account in the competition.

      WINNING TERMS OF THE TRADING FEST OCTOBER 2022 COMPETITION

    1. Leaderboards of the INDODAX Trading Fest Oktober 2022 will be published on Indodax.com/trading_fest2022
    2. Winners are determined based on trading volume during the Trading Fest October 2022 Competition period, by a jury appointed by INDODAX
    3. Winners will be announced and contacted no later than 14 (fourteen) working days after the event ends via registered email, and if necessary INDODAX has the right to carry out additional verification process to ensure the accuracy of winners’ data and information, including but not limited to sending ID cards, NPWP and Account number
    4. If the confirmation process of a winner cannot be carried out by either they cannot be contacted and/or cannot complete additional Verification within 3 (three) working days after being contacted, the winner will be deemed void and the prize will be forfeited
    5. A participant can only win this Competition once (one) time.

      PRIZES OF THE TRADING FEST OCTOBER 2022 COMPETITION

    1. A total of 3 (three) participants will be declared winners of Individual Category with prizes are as follow:
      • First winner will get IDR 75,000,000 (seventy-five million Rupiah)
      • Second winner will get IDR 50,000,000 (fifty million Rupiah)
      • Third winner will get IDR 25,000,000 (twenty-five million Rupiah)
    2. A total of 1 (one) Winner of the Favorite Category is determined based on the highest Return on Investment (“ROI”) and they will get IDR 25,000,000 (twenty-five million Rupiah)
    3. A total of 3 (three) participants will be declared winners of Priority Category with prizes are as follow:
      • First winner will get IDR 125,000,000 (one hundred and twenty-five million Rupiah)
      • Second winner will get IDR 75,000,000 (seventy-five million Rupiah)
      • Third winner will get IDR 50,000,000 (fifty million Rupiah)
    4. Prizes will be distributed on 07-12-2022 (seventh December two thousand twenty two) or after the winner has completed the confirmation and additional Verification process
    5. Prizes are in the form of Rupiah, non-convertible and non-transferable to a party other than participants who have registered in accordance with this T&C
    6. Prizes will be distributed through a registered account number in the name of the winner who has been verified and has been declared a Verified Member and approved by INDODAX, in accordance with this T&C and INDODAX T&C
    7. Tax of the prizes will be borne by INDODAX.

      OTHERS

    1. Employees and family members of INDODAX employees are ineligible to participate in the Trading Warrior 2022 Competition.
    2. INDODAX is not liable for negligence and/or errors and/or losses suffered by participants; and the participants hereby declare to release Indodax from responsibility if there are parties on behalf of INDODAX or the Trading Fest October 2022 Competition who contact the winners or participants other than through the announcement method stated in this T&C
    3. The decision of the jury and the management of INDODAX is final and cannot be contested.
    4. With the Update to the Terms and Conditions of the Trading Fest October 2022 Competition, the previously existing Terms and Conditions will remain valid as long as they do not conflict with this T&C.

    THESE TERMS AND CONDITIONS OF THE TRADING FEST OCTOBER 2022 COMPETITION ARE PART OF INDODAX`S GENERAL TERMS AND CONDITIONS THAT HAVE BEEN CONSTRUED IN LAW

  • Requirements for individual and team categories
    1. Your Indodax account must be verified.
    2. Indodax Trading Fest 2023 only applies for individual accounts
    3. One ID number (Nomor Induk Kependudukan (NIK)/KTP for Indonesian citizens or passport/KITAS/KITAP for foreign citizens) can only win 1 prize either in the individual and team category. If 2 accounts use the same ID number, only the one with the higher ranking will be considered.
    4. One ID number (Nomor Induk Kependudukan (NIK)/KTP for Indonesian citizens) can only be registered in one team.
    5. For the Team category, one member can register another member for a minimum of 2 people and a maximum of 5 (five) people. The winning team must consist of a minimum of two people.
    6. Each participant in the team and individual categories must have a volume trading of at least Rp 1,000,000.- during the trading period from October 11 - November 10, 2022
    7. Registered members must accept an invitation link (sent via email) and click the link to become a member of the registrant's team.
    8. If the invited member declines or does not receive the email, the invitation can be re-sent once.
    9. Registrants will be called Team Leaders, and members who are registered by the registrants are called team members.
    10. If there is an error in adding team members, only the Team Leader can expel members from the team.
    11. Indodax has the right to suspend and disqualify participants suspected of cheating.
    12. Indodax is not responsible for the mistakes of members who have joined a team.
    13. Participating in the Indodax Trading Fest 2023 is free of charge.
    14. Prize money in all categories will be distributed on September 26, 2022.
    15. Participants are Indonesian citizens and foreign citizens who are qualified to take part in the Indodax Trading Fest 2023
    16. Decision of Indodax management is final and cannot be challenged.
  • Requirements for Install & Review Campaign category
    1. Anyone can take part in this category.
    2. Install Indodax app from Playstore or Appstore.
    3. Give a review about the Indodax app on Playstore or Appstore.
    4. Use hashtags #IndodaxTradingFest2023.
    5. 5 (Five) best comments will be picked as winners.
    6. Each Winner will get Rp. 5.000.000, - of prize money.
    7. Prize money will be distributed on September 26, 2022.
    8. Indodax employees and their family members are ineligible to participate.
    9. Every participant who has registered in the team category, cannot take part in the individual category Trading Fest.
    10. Participants are Indonesian citizens and foreigners who are qualified to take part in the Indodax Trading Fest 2022.
    11. 1 username=1 email=1 phone number=1 ID number for KYC (KTP for Indonesian citizens or Passport and KITAS/KITAP for foreign citizens).
    12. Indodax decision cannot be challenged.
  • Prizes for Individual Category Winners
    1. Prizes for Individual Category Winners
      Category Winner Prize (Amount) Total
      Grand Prize 1 @Rp250,000,000 Rp250,000,000
      2nd Winner 1 @Rp50,000,000 Rp50,000,000
      3rd Winner 1 @Rp40,000,000 Rp40,000,000
      4th Winner 1 @Rp30,000,000 Rp30,000,000
  • Prizes for Team Category Winners
    1. Prizes will be handed over to Team Leader to be further forwarded to team members according to the agreement of each team.
    2. Indodax is not responsible if there is a problem after the prize is handed over to each Team Leader.
    3. Prizes for Team Category Winners
      Category Winner Prize (Amount) Total
      Grand Prize 1 @Rp350,000,000 Rp350,000,000
      2nd Winner 1 @Rp100,000,000 Rp100,000,000
      3rd Winner 1 @Rp80,000,000 Rp80,000,000
      4th Winner 1 @Rp50,000,000 Rp50,000,000
  • Prizes for Install & Review Campaign Winners
    1. Prizes for Install & Review Campaign Winners
      Category Winner Prize (Amount) Total
      Winner 5 @Rp5,000,000 Rp25,000,000
  • Terms for Winners in Individual Category
    1. Winners in the individual category are determined based on ROI with calculations as followed :

      ROI IDR pair Individu = (Ending balance - Initial capital when the Trading Fest begins - Deposit amount + Withdraw amount) / (Initial capital when the Trading Fest begin + Deposit Amount)

      Individual ROI IDR pair = (Ending balance - Initial capital when the Trading Fest begins - Deposit amount + Withdraw amount) / (Initial capital when the Trading Fest begin + Deposit Amount)

    2. ROI calculation starts from August 2 at 09.00 WIB to September 2, 2022 at 15.00 WIB.
    3. Winner will be announced on September 26, 2022.
    4. Indodax will pay for the tax of the prize money.
  • Terms for Winners in Team Category
    1. Winners of the team category are determined based on the calculation below :
      Team ROI IDR Pair   =   Average ROI of all team members
      Team ROI IDR pair   =   Average ROI of all team members
    2. Calculation of the average ROI starts from August 2 at 09.00 WIB to September 2, 2022 at 15.00 WIB.
    3. Winner will be announced on September 26, 2022.
    4. Prize money for this category will be distributed on September 26, 2022 and are non-transferable.
    5. Indodax will pay for the tax of prize money.
  • Terms for Winners in the Install & Review Campaign
    1. Winners in the Install & Review Campaign are selected based on the best reviews.
    2. Use hashtag #IndodaxTradingFest.
    3. 5 (Five) best comments will be picked as winners.
    4. Each Winner will get Rp. 5.000.000, - of prize money.
    5. Prize money will be distributed on September 26, 2022.
    6. Indodax employees and their family members are ineligible to participate.
    7. Participants are Indonesian citizens.
    8. The winner is only valid for 1 username=1 email=1 phone number=1 ID number for KYC (KTP for Indonesian citizens or Passport and KITAS/KITAP for foreign citizens).
    9. Indodax decision cannot be challenged.

 NOTICE Crypto Asset trading can be considered a high-risk activity, where Crypto Asset prices are volatile, and can swing wildly, from day to day. Please use your extreme judgement when making the decision to invest in, or to sell, Crypto Assets. PT. Indodax Nasional Indonesia is not soliciting for users to buy or sell Crypto Assets, as an investment, or for profit. All Crypto Asset trading decisions should be made independently by the user.

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