Uphold $25,000 XRP Sweepstakes - Official Sweepstakes Rules

NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED.

Please read these Sweepstakes terms (the "Sweepstakes Terms") carefully for important information about your rights and obligations in the Uphold $25,000 XRP Sweepstakes (the "Sweepstakes"). The Sweepstakes is administered by Uphold HQ Inc. (together with its affiliates, "Uphold", "us," "our," or "we"). The purpose of the Sweepstakes is to reward Eligible Users (as defined below) who make any Qualifying Actions (as defined below) on the Platform (as defined below).

Uphold.com is a platform providing various products and services to global customers, which are subject to different laws and regulations in different jurisdictions. By making the Program available on Uphold.com and/or any other Uphold websites and applications, including but not limited to mobile applications (collectively, the "Platform"), Uphold is not making, and shall not be regarded as having made or intended to make, an invitation or inducement to you to invest in any Uphold products or services.

These Sweepstakes Terms (as updated from time to time) govern your access to and participation in the Sweepstakes, and form a legally binding agreement between you (hereinafter referred to as "you" or "your") and Uphold.

By accessing, using, or attempting to use the Sweepstakes in any capacity, and/or by clicking on "I agree" to accept any Uphold products or services provided by Uphold in connection with this Sweepstakes, you acknowledge and agree that: (a) you have read, understood, accepted, and agree to be bound by these Sweepstakes Terms, your Uphold User Agreement (the terms of which shall be fully incorporated by reference into these Sweepstakes Terms), and our Privacy Policy accessible on the Platform; (b) you are aware of, and shall assume all risks associated with transactions involving cryptoassets; and (c) Uphold shall not be liable for any such risks or adverse outcomes relating to the same.

1. Who Can Enter

The Sweepstakes is open only to natural persons who (each, an "Eligible User"):

• Are legal residents of the United States, excluding New York and Florida, and any other jurisdiction where prohibited by law;
• Are 18 years of age or older at the time of entry;
• Have successfully completed identity verification (IDV) on the Uphold platform;
• Have a valid and current W-9 TIN form on file with Uphold;
• Have received a promotional invitation from Uphold and opted into the Sweepstakes via the Uphold app or email link or by submitting a mail-in entry; and
• Are customers of Uphold in good standing at the time Prizes (as defined below) are awarded.

Employees of Uphold, its agencies, and members of their respective immediate families are not eligible to participate in the Sweepstakes.

The above-mentioned promotional invitations will be sent at random to those users who meet all the other criteria for this Sweepstakes. Only those users who receive the promotional invitation will be deemed Eligible Users.

2. How the Sweepstakes Works

This Sweepstakes runs for a single Sweepstakes Period, commencing on 5 August at 00:00 ET and ending on 31 August at 23:59 ET (the "Sweepstakes Period"), unless Uphold otherwise extends or shortens the period at its sole discretion and upon an update to these Sweepstakes Terms.

3. Opt-In

For Platform Participants: Eligible Users must complete the opt-in process via the Uphold app or email to be eligible to earn Sweepstakes Entries (as defined below) via Platform activity. Any Qualifying Action completed during the Sweepstakes Period prior to opting in will be credited to your total Sweepstakes Entries once the opt-in is completed.

For AMOE Participants: Submitting a mail-in entry as described in Section 5 below constitutes your agreement to these Sweepstakes Terms and acts as a valid opt-in for the Sweepstakes Period. Eligible Users do not need to opt into the Sweepstakes via the app or email if they are only entering via mail.

There are no bonus entries awarded solely for the act of opting in.

4. Sweepstakes Entries

For Platform Participants: Eligible Users earn entries ("Sweepstakes Entries") on the Platform upon the completion of any of the following qualifying actions during the Sweepstakes Period (collectively, the “Qualifying Actions”):

• Two hundred and fifty (250) Sweepstakes Entries will be awarded for an Eligible User's first deposit of the promo period of ten dollars ($10) or more (“First Deposit”).
• Two hundred and fifty (250) Sweepstakes Entries will be awarded for an Eligible User's first Eligible Trade of the promo period (as defined below) (“First Eligible Trade”).
• Two hundred and fifty (250) Sweepstakes Entries will be awarded for an Eligible User's first Qualifying Recurring Product Transaction of the promo period (as defined below) (“First Qualifying Recurring Product Transaction”).
• Ten (10) Sweepstakes Entries will be awarded for each Eligible Trade after an Eligible User's First Eligible Trade of the Sweepstakes Period (“Subsequent Eligible Trades”).

The 250 Sweepstake Entries bonuses earned for an Eligible User’s First Deposit, First Eligible Trade and First Qualifying Recurring Product Transaction are each a one-time bonus awarded only once per Sweepstakes Period, regardless of how many times an Eligible User repeats that action within the period. An Eligible User may earn all three 250 Sweepstake Entries bonuses above in the same Sweepstakes Period by completing all three qualifying actions. For the avoidance of doubt, the number of days on which an Eligible User is active does not affect the number of Sweepstakes Entries granted to that Eligible User.

For purposes of this Sweepstakes:

• An "Eligible Trade" is defined as a single completed trade having a gross value of $10 or more (inclusive of fees) where the purchased asset is either a non-stablecoin cryptocurrency or a precious metal and is of a different asset type from the sold asset (e.g., USD → BTC, GBP → Gold, or USDC → ETH).
• A "Qualifying Recurring Product Transaction" is defined as the occurrence of any of the following events: (i) a scheduled or rule-triggered trade executed under an active Recurring Buy or Auto-Invest configuration, (ii) a monthly Vault subscription payment payment, (iii) an interest accrual transaction credited within a USD Interest Account, (iv) a deposit of $10 or more into Direct Deposit, or (v) a staking reward payment received on an asset actively staked in Flexible Staking or Boosted Staking.
• The availability of each Qualifying Recurring Product Transaction varies by state of residence and an Eligible User will only be shown, and may only earn Sweepstakes Entries from, those Qualifying Recurring Product Transactions available in their state. Only the First Qualifying Recurring Product Transaction earns an Eligible User 250 Sweepstake Entries. Subsequent Qualifying Recurring Product Transactions do not earn additional Sweepstakes Entries (except that to the extent that any subsequent Recurring Buy or Auto-Invest trades qualify as Subsequent Eligible Trades).

For AMOE Participants:

To enter the Sweepstakes without transacting on the Platform, an Eligible User may submit a legible, handwritten postcard with their full legal name, address, phone number, Uphold account email, and one of the following phrases, corresponding to the Platform action it mirrors:

• "Uphold Sweepstakes Deposit Entry"
• "Uphold Sweepstakes Trade Entry"
• "Uphold Sweepstakes Recurring Product Entry"

Each postcard properly completed with the above phrases will count as two hundred and fifty (250) Sweepstakes Entries.

An Eligible User may submit up to one postcard of each of the three types above during the Sweepstakes Period (meaning, a maximum of 750 bonus Sweepstakes Entries via mail-in entry, which mirrors the maximum available Sweepstakes Entities if an Eligible User completed all the bonus Qualifying Actions).

If (and only if) an Eligible User has already submitted a postcard of each of the three types above, the Eligible User may then submit an unlimited amount of additional postcards containing the phrase “Uphold Subsequent Trade Entry” to receive ten (10) Sweepstakes Entries per additional postcard.

All postcards must be mailed to the following address:

Uphold Sweepstakes Entry
c/o Uphold HQ Inc.
228 Park Ave. S., #600629
New York, NY 10003-1502

Only one resident per household may enter the Sweepstakes by AMOE.

Each postcard must be mailed separately, in its own envelope. Multiple postcards received in a single envelope, or bearing evidence of bulk or simultaneous mailing, will together be counted as a single valid entry.

To be counted, mail-in entries must include information sufficient for Uphold to match the entrant to a verified Uphold account in good standing, including full legal name and an Uphold account email. Uphold reserves the right to reject any mail-in entry it cannot verify against an existing Uphold account, or that it determines, in its sole discretion, originates from a resident of an excluded jurisdiction or was submitted using a false, incomplete, or duplicated identity in an attempt to exceed the postcard limits set forth above.

Mail-in entries must be postmarked no later than the last day of the Sweepstakes Period and received by Uphold no later than 7 days after the end of the Sweepstakes Period to be eligible.

5. Exclusions

The following activities do not qualify as an Eligible Trade and are therefore excluded from the Sweepstakes:

• Purchases of fiat (e.g. USD → GBP, BTC → USD);
• Withdrawals to external wallets, banks, or cards;
• Purchases of Stablecoins (e.g., USDT, USDC, DAI) or trades involving BAT;
• Transfers or swaps of the same asset (e.g., BTC → BTC);
• Automated trades executed through Trailing Stop or Take Profit; and
• Cancelled, reversed, refunded, chargeback-affected, or otherwise invalidated trades.

6. Sweepstakes Prizes

For this Sweepstakes, 111 winners will be selected via random drawing to win the following prizes (each, a “Prize” and collectively, the “Prizes”):

• One (1) Grand Prize: $5,000 equivalent payable in XRP
• Ten (10) Prizes: $1,000 each equivalent payable in XRP
• One Hundred (100) Prizes: $100 each equivalent payable in XRP

Limit one (1) Prize per Uphold account, one per household. Total ARV for this Sweepstakes is $25,000. Prize values will be calculated at the prevailing market price of XRP at the time of issuance.

Prizes will be credited in XRP to each winner's Uphold account within 30 business days of the end of the Sweepstakes Period.

7. Winner Selection & Notification

Winners will be selected via random drawing following the end of the Sweepstakes Period.

Uphold will use reasonable efforts to credit Prizes to winners' Uphold accounts, and notify winners of their Prize, within 30 business days of the end of the Sweepstakes Period.

Uphold reserves the right, in its sole discretion, to request an Affidavit of Eligibility and Liability/Publicity Release and/or a W-9 form from a winner as a condition of receiving a Prize; if requested, failure to provide this documentation within 7 days may result in forfeiture of the Prize and selection of a substitute winner based upon a random drawing from among all eligible entries received during the Sweepstakes Period. Where Uphold requests such documentation, the applicable Prize will not be credited until Uphold has received and verified it.

8. General Conditions

• Uphold is not responsible for any fluctuation in XRP value between the time the Sweepstakes Entries are earned and the time the Prize is delivered. The dollar value of the Prize at the time of receipt may be higher or lower than the stated USD equivalent depending on market conditions at the time of issuance.
• Uphold reserves the right to disqualify users engaging in deposit-and-withdrawal cycling (including but not limited to depositing funds solely to earn the deposit bonus and withdrawing those same funds shortly thereafter without any genuine account activity), "wash trading" (including but not limited to repeated offsetting buy/sell activity between the same or related assets executed with the intent of generating Sweepstakes Entries without corresponding genuine economic exposure), self-funding, use of automated bots, or any other activity intended to artificially generate Sweepstakes Entries. Uphold may deny or reverse any Prize granted in error or obtained through such manipulation, and reserves the right to require that a qualifying deposit remain in an Eligible User's account for a minimum holding period, as determined by Uphold, in order to count toward the deposit bonus described above.
• Uphold reserves the right to disqualify any user engaging in rapid account cycling, self-funding (including funding from external accounts owned or controlled by the same individual for the sole purpose of qualifying for this Sweepstakes), or other activity intended to generate fraudulent entries or otherwise manipulate the Sweepstakes.
• Odds of winning depend on the total number of eligible entries received, including AMOE entries.
• Creating multiple Uphold accounts to obtain additional Sweepstakes Entries is prohibited and will result in disqualification.
• Uphold reserves the right to modify, suspend, or terminate the Sweepstakes at its sole discretion.
• Uphold is not responsible for delays caused by compliance reviews or circumstances beyond its control.
• The participant receiving a Prize is responsible for any costs associated with claiming that Prize, and is solely responsible for the reporting and payment of any and all taxes that may result from claiming a Prize in this Sweepstakes.
• Prizes must be accepted as awarded with no substitutions except at Uphold's sole discretion. Prizes are non-transferrable. Uphold shall bear no responsibility whatsoever for injuries, losses, or damages of any kind that result from acceptance, possession, and/or use of any Prize.
• Uphold is not responsible for technical or computer errors, or for late, lost, illegible, damaged, postage due, misdirected, misidentified, or incomplete entries. Participation in the Sweepstakes in any way tampered with, incomplete, illegible, or mechanically reproduced, or submitted by or through fraudulent means, may be disqualified in the sole discretion of Uphold. This includes any entry that does not comply with these Sweepstakes Terms in any respect.
• Decisions of Uphold are final on all matters of fact, interpretation, eligibility, procedure, and fulfillment in respect to these Sweepstakes.
• Any personally identifiable information collected during an individual's participation in the Sweepstakes, or by Uphold, will be collected and used by Uphold and their agents for the purposes of the proper administration and fulfillment of the Sweepstakes as described in these Sweepstakes Terms, for compliance with applicable laws, rules, and regulations (e.g., winners lists), and for the purposes set forth in Uphold's Privacy Policy available at https://uphold.com/legal/privacy-policy.

9. Risks

Purchasing digital assets involves risk. Nothing in these Sweepstakes Terms or the Sweepstakes constitutes investment advice, a recommendation, or a solicitation to buy or sell any asset, and participation in the Sweepstakes does not require or encourage any specific trading strategy. Past performance of any cryptocurrency is not indicative of future results. These Sweepstakes do not constitute financial, investment, or legal advice. You should consult a qualified financial advisor before making investment decisions.

To learn more about cryptoasset investment risks, click the link here.

10. Disputes

Except where prohibited, participants agree that:

• Any and all disputes, claims, or causes of action arising out of or connected with the Sweepstakes or any Prizes awarded shall be resolved individually, without resort to any form of class action, and exclusively by arbitration or alternate dispute resolution, as selected by Uphold, to take place in Marin County, California;
• Any and all claims, judgments, and awards shall be limited to actual out-of-pocket costs incurred in participation but in no event attorney's fees;
• Under no circumstances will a participant be entitled to obtain awards for and participants hereby waive all rights to claim punitive, incidental, and consequential damages and any other damages, other than for actual out-of-pocket costs, and any and all rights to have damages multiplied or otherwise increased.

Except where prohibited, all issues and questions concerning the construction, validity, interpretation, and enforceability of these Sweepstakes Terms and the decisions of Uphold in connection with the Sweepstakes shall be governed by and construed in accordance with the laws of the State of California, without regard to conflict of laws doctrine.

11. Promoter

The promoter of this Sweepstakes is Uphold HQ Inc., 90 New Montgomery Street, Suite 412, San Francisco, CA 94105.

For a list of Sweepstakes winners or a copy of these Sweepstakes Terms, email [email protected] with the subject line 'Uphold Sweepstakes Request,' within one year of the end of the Sweepstakes Period.