The following Terms (“Terms”) govern the rules for participating in the Bitpanda Algorand Competition (“Competition”) of Bitpanda GmbH, with its corporate seat in Campus 2, Jakov-Lind-Straße 2, A-1020 Vienna (“Bitpanda”) and the legal relationship between Bitpanda and the Participant (as defined in Section 3 or “you”) arising thereof.
By participating in the Competition you confirm and accept these Terms and the applicable terms and conditions of Bitpanda which are an integral part of these Terms.
2. Competition period and prizes
The Competition begins on the 25th of February, 2021, 12:00 pm (CET) and ends on the 4th of March, 2021, 11:59 am (CET) (“Competition Period”).
The TOP 1 Participant (as described in Section 3) (referred to as “Winner”) with the highest total amount of Algorand purchased on the Bitpanda Platform by the end of the Competition Period will receive EUR 2,000.00 worth of Algorand (“Prize”).
The TOP 2-5 Participants (each of them referred to as “Winner” and together the “Winners”) with the highest total amount of Algorand purchased on the Bitpanda Platform by the end of the Competition Period will each receive EUR 1,250.00 worth of Algorand (“Prize”).
The TOP 6-10 Participants (each of them also referred to as “Winner” and together the “Winners”) with the highest total amount of Algorand purchased on the Bitpanda Platform by the end of the Competition Period will each receive EUR 800.00 worth of Algorand (also referred to as “Prize”).
The TOP 11-20 Participants (each of them also referred to as “Winner” and together the “Winners”) with the highest total amount of Algorand purchased on the Bitpanda Platform by the end of the Competition Period will each receive EUR 400.00 worth of Algorand (also referred to as “Prize”).
Additionally, Bitpanda will randomly select 100 Participants who have not been selected as Winners, are not residents of the Republic of Turkey and are BEST VIPs (level 1 or above) and who traded any amount of Algorand during the Competition Period (referred to as “VIP-Winner”) and award each of them EUR 150.00 worth of Bitcoin (“BTC”) (referred to as “VIP-Prize”).
Please note that the exclusion of the residents of the Republic of Turkey from being selected as VIP-Winners is based solely on the legal requirements of the Republic of Turkey.
You acknowledge and accept that only Participants who (i) meet all the requirements described in Section 3 and (ii) were not, for whatever reason, disqualified by Bitpanda in accordance with Section 4 are eligible to be selected as Winners/VIP-Winner.
You acknowledge and accept that the price of Algorand for the calculation of the Prize and VIP-Prize is predetermined and will match the price for Algorand on the 4th of February, in the amount of EUR 0.604525 for 1 Algorand-Coin, meaning that the fluctuations in the price of Algorand during the Competition Period will not be taken into account when calculating and paying out the Prize and VIP-Prize.
Bitpanda will strive to transfer the Prize and VIP-Prize to the Winners and VIP-Winner respectively by the 12th of March, 2021. You acknowledge and agree that said transfer may be delayed and Bitpanda shall not be liable for any losses arising out of or in connection with a late transfer (e.g. losses due to price changes).
The Prizes and VIP-Prize will be credited directly to the Winners’ and VIP-Winner’s respective Bitpanda Broker Wallet.
3. Requirements for Participation
Only fully-verified and registered Bitpanda clients that accept these Terms and purchase Algorand (according to the respectively applicable price) during the Competition Period are allowed to participate in the Competition (“Participant”). For the avoidance of doubt, a Participant must trade Algorand on the Bitpanda Broker to qualify for the Prize/VIP-Prize.
You are aware and accept that Bitpanda may amend and/or call off the Competition as described herein at its sole discretion at any time and you do not have any legal claim against Bitpanda arising out of or in connection with this Competition.
You hereby acknowledge and accept that Bitpanda may in its sole discretion disqualify a Participant from the Competition at any time for whatever reason, including, but not limited to, cases where Bitpanda suspects collusion between the Participants aimed at manipulating the results or any other manipulation by the Participants deemed unfair by Bitpanda.
You hereby acknowledge and accept that any breach of these Terms or any other Terms and Conditions of Bitpanda and/or its subsidiaries may result in disqualification.
5. Bitpanda’s liability
You hereby acknowledge and accept that Bitpanda is not responsible for the correctness of the data provided by you.
You hereby acknowledge and accept that Bitpanda will not be liable for any direct or indirect losses you might have accumulated in connection with your participation in the Competition and that no right or claim against Bitpanda can arise thereof.
The randomly selected VIP-Winner will be selected by an internal procedure of Bitpanda and Participants will have no rights or claims against Bitpanda regarding this procedure or its results.
6. Data protection
Bitpanda collects your personal data on the basis of your consent in accordance with Article 6 Section 1 letter a General Data Protection Regulation 2016/679 (“GDPR”) only insofar as this is necessary for the establishment of the legal relationship with the Participant and for the subsequent implementation and handling of the Promotion.
For more information regarding your personal data, how, why and how long it is processed and which rights you have according to the GDPR, please click here:
For further questions regarding this, please contact support.