A PDAX Trader’s Christmas

It’s a trader’s Christmas at PDAX! 
This December, our Top 100 frequent traders will share in a BTC prize pool worth PHP 500,000, plus weekly CELO airdrops for leaderboard qualifiers!

Promo period from December 1 - 31, 2024.

FAQs

Full Mechanics

1. Mechanics
   1. Only successful market and limit buy and sell orders with a minimum trade amount of PHP500, or its equivalent in Virtual Assets per transaction, made and completed within the promo period will be considered. Each successful qualified trade will be counted as one (1) trade. The promo period is from December 1, 2024 to December 31, 2024.
   2. The leaderboard ranking will be determined based on the number of qualified crypto trades completed by the user during the promo period.
   3. The prizes will be distributed based on the user’s leaderboard ranking with the corresponding prize amount as listed in the prize matrix in Section II found below.
   4. A weekly CELO airdrop will be credited to the top 300 leaderboard rankings every Thursday or Friday during the promo period. 
   5. The BTC prize pool winners will be notified via official email from PDAX within five (5) working days from the end of the promo period. Prizes will be reflected in the PDAX wallet of the winner within 10 (ten) working days upon notification. Prizes are awarded as-is, are non-transferable and must be accepted as awarded.

2. Prizes:
   1. The main prize pool is PhP 500,000 worth of BTC which will be distributed among the 100 winners as stated in the prizes matrix below. As applicable, the 20% tax for  winnings under Philippine law shall be shouldered by the Philippine Digital Assets Exchange (PDAX).
      1. Prizes shall be based on Bitcoin price as indicated in the PDAX Platform at the time of distribution of the prizes.
      2. A tiered rewards system will be implemented, which considers the top 100 most frequent traders during the promo period.
      3. The BTC prize pool winners will be notified via official email from PDAX within five (5) working days from the end of the promo. Prizes will be credited to the PDAX wallet of the relevant user within 10 (ten) working days upon notification. Prizes are awarded as-is, are non-transferable and must be accepted as awarded.

2. There will also be a weekly CELO airdrop for the leaderboard qualifiers

3. Terms and Conditions:
   1. All participants must be at least a verified PDAX user who is at least eighteen (18) years of age, Filipino citizen and currently residing within the Philippines. Users with institutional accounts are not eligible to join.
   2. Promo is open to both new and existing users of PDAX.
   3. All officers and employees of PDAX, its advertising agencies, and its contractors involved in the implementation of this promotion, as well as their relatives up to the second civil degree of consanguinity or affinity are disqualified from joining this promotion.
   4. Winners will be required to provide their TIN number and TIN address in order to claim their prize. Non-compliance will result in forfeiture of the prize.
   5. PDAX reserves the right to disqualify users who are found to have violated our terms and conditions
   6. PDAX reserves the right to reject a participant if he/she is unable to satisfy the conditions set out in this promo mechanics.
   7. By joining this promo, participants agree to the terms and conditions set forth above, and further consent to the use of their names in marketing and other ancillary materials which may be published in relation to this promo through PDAX’s official social media channels.
   8. General Terms:
      1. No Prizes may be assigned to any other user of the PDAX Platform or third party, except as expressly permitted by PDAX in writing.
      2. Prizes are provided on an “as-is” basis and cannot be exchanged. PDAX disclaims all warranties and representations of any kind, expressed or implied, including, without limitation, any warranty or representation of usability, satisfactory quality, merchantability or fitness for a particular purpose of the Prizes, or that any claims made in relation to such Prizes are accurate, that the Prizes will meet the eligible participant’s expectations. To the extent that Prizes are digital assets, PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.
      3. The Promo may be subject to change or additional terms and conditions (including the amount of Prizes or limitation to Prizes grant or receipt), and the qualified participants agree to comply with all terms and conditions applicable to the Promo. The modified or updated terms and conditions will be publicly posted, and deemed effective upon posting, or as otherwise dated.
      4. PDAX reserves the right to change any terms of the PDAX Platform Terms, or suspend or cease the promo, at our sole and absolute discretion, any time, and without prior notification nor liability to any participant. Your continued participation in the promo after any change in the terms or mechanics shall be deemed as your acceptance of such amended terms or mechanics. If you disagree with the amended Terms or Mechanics, please cease your participation in the promo.
      5. PDAX has the right to disqualify or remove qualified participants from the promo, or not to award any Prize, if PDAX has reasonable grounds to believe that such qualified participant: (i) has tampered with or attempted to tamper with the process or the operation of the promo; (ii) has breached the PDAX Platform Terms; (iii) have made any misrepresentations in respect of, has abused, or has employed any illegal or criminal activity (including fraud) in connection with, the promo or any use of the PDAX Platform.
      6. Except as otherwise stated in the Mechanics, any additional cost in claiming the Prizes or any taxes applicable to the promo (including the Prizes) shall be borne by the qualified participants who receive such Prizes. For the avoidance of doubt, except as otherwise stated in the Mechanics, PDAX does not undertake any responsibility to withhold taxes on behalf of the qualified participants.
      7. PDAX may notify you of any Prize received by you via Platform notifications or emails. However, PDAX is not responsible for unsuccessful efforts to notify. Please check your PDAX account and email messages regularly, including your “junk” folders.
      8. PDAX’s collection, use and disclosure of any personal data, (including that of any eligible participant) will be subject to these General Terms, and shall also include, the PDAX Platform Terms and Conditions, Privacy Policy and other policies on the PDAX Platform and such terms may be amended from time to time.
      9. PDAX may collect, use, disclose or publish qualified participant's personal information in order to process the Prizes disbursement and/or delivery, communication in connection with this promo and for the purposes of administering the promo in accordance with its Privacy Policy. If qualified participants are not willing to provide their personal information and other requested information, then PDAX will not be able to process, disburse and/or deliver the Prizes. By choosing to not provide the personal data, each qualified participant acknowledges and agrees that any of his/her entitlement to the Prizes from this promo shall be forfeited and he/she shall release and discharge PDAX from any obligations or liability in relation to it, and undertakes to not submit any claim to PDAX with respect to any matter related to this promo. 
      10. PDAX shall not be liable for any variation in the Prizes’ value, any tax liability incurred by or accrued to a participant or otherwise incurred or accrued in connection with this promo, or the use of the Prizes by the qualified participant. You shall indemnify and hold PDAX free and harmless from and against any and all liabilities, penalties, interests, surcharges, and taxes in connection with, or arising from, your participation in this promo or your use of the Prizes.

PDAX Terms and Conditions apply: This promo is subject to the PDAX terms and conditions. PDAX reserves the right to change the terms or cancel the promo at any time without prior notice. Always ensure that you are compliant with all local laws and regulations when participating in financial promotions and activities.

Disclaimer: PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems.  Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. PDAX does not endorse or approve any cryptocurrency, and assumes no responsibility for the content, accuracy or completeness of the same.

For inquiries or complaints, please contact us through the following channels: Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange  (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph;

Webchat: http://www.bsp.gov.ph (click webchat feature);

Facebook: https://www.facebook.com/BangkoSentralngPilipinas;

Direct Line: (02) 5306 2584 / (02) 8708 7087;

 Trunk Line: (02) 8708 7701 loc. 2584;  or

SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.