"Terms and Conditions for Million-Dollar Sprint Activity "

1.Activity time:

01/04/2023 00:00 --31/05/2023 23:59 (UTC+8)

2.Participation eligibility:
1): All users please click the links to become a spot exclusive user : https://www.bibvip.net/register?inviteCode=0N49kp
2)Agents and their directly invited users will receive high rebates, and the contribution value of this activity will be multiplied by a factor of 0.3;

3.Reward value acquisition methods, examples and announcements：
1)Basic reward value: 1 USDT handling fee of expenditure value = 1 reward value；
2)Calculation rules and examples of activity reward value:

Note: Taking items 4 and 5 as examples, suppose the direct invitee has contributed 10 points so far. If the direct invitee now completes KYC, the previous 10 points will be multiplied by 1.5, resulting in 15 points. Subsequent new reward values from direct invitees will also be multiplied by 1.5.

4.Users accumulate reward value to share transaction fees and participate in ranking rewards:
1)Handling fee sharing activity: the sum of individual reward values in the event/the sum of all user reward values in the event* 50% of the net income from spot handling fees, which will be distributed to users in the form of various token values；
2)Leaderboard rewards:

5.Users participating in the activity are deemed to have agreed to the "Terms and Conditions forMillion-Dollar Sprint Activity".

6.All rewards cannot be transferred, exchanged, or altered in any way. If the winning user requests a change in the form of the reward, BIB Exchange has the right to refuse.

7.Users can receive bonus credit during the activity period, with conditions:
1)New users can get 1000 USDT bonus credit upon registration;
2)Users can get a bonus credit equal to the value of their deposit at a 1:1 ratio.

8.Users must agree to the "Terms and Conditions for Million-Dollar Sprint Activity ”.

9.Winning users must complete standard identity verification (KYC).

10.Reward distribution:
1)Transaction fee sharing: Will be distributed to the user's BIB trading account before June 10th.

2)Physical rewards: Winning users need to confirm the prize within two months after the winning list is announced. They can choose to receive the physical item or cash out. If the user does not confirm within the specified time, the platform will deem the user to have given up the right to the prize and will take it back.
 a. Physical item collection: After the user chooses to receive the physical item and leaves their contact information and address, the platform will place an order and ship it;
 b. Cash-out: If the user chooses to cash out, the first prize will be cashed out at 50% of its value, the second prize at 80%, and the third prize at 80% in USDT, which will be distributed to the user's BIB trading account;
 c. Give up: If the user does not confirm within the specified time, they will be deemed to have given up their rights.

11.Data privacy and protection:
1)The platform will strictly protect users' personal information and data generated during the activity and ensure its security without disclosure;
2)Users agree that the platform collects, processes, and uses their personal information for the purpose of the activity;
3)The platform will not disclose users' personal information to third parties unless required by law.

12.Handling of violations:
1)If the user is found to be violating the activity rules or engaging in cheating, the platform has the right to cancel the user's participation, deduct rewards, or take other appropriate measures;
2)Users must not abuse the activity or violate its rules; otherwise, the platform will deduct the user's reward value and/or cancel their participation and/or take action to recover the relevant amount without further notice;
3)Users must comply with relevant laws and regulations. If violated, the platform has the right to cancel their participation.

13.Disclaimer:
1)The platform is not responsible for any disputes and losses incurred by users during the activity;
2)BIB reserves the right to determine, modify or change these terms and conditions at any time without further notice, including but not limited to canceling, extending, terminating, or suspending the activity, eligibility terms, and standards, the selection and number of winners, and the timing of any actions taken. All participants shall be bound by these revised terms;
3) BIB has the final interpretation and decision-making authority for any situation not covered by these terms and conditions.

14.Tax liability:
1)The winning users should bear any tax liability that may arise, and the platform will not be responsible for any tax-related issues;
2)Winning users must report taxes in accordance with the tax regulations of their country or region.

15.Customer service and complaints:
1)If you have any questions or complaints about the activity, please contact the platform's customer service;
2)The platform will do its best to resolve any issues you encounter during the activity, but it does not promise a specific resolution time;
3)Users' complaints to the platform should provide reasonable and conclusive evidence; otherwise, the platform has the right to refuse to handle the complaint.

16.Intellectual property rights:
1)During the activity, the intellectual property rights of all related content, such as text, images, and videos published by the platform, belong to the platform;
2)No individual or organization may copy, reproduce, disseminate, or use the platform's intellectual property content in any other way without written authorization from the platform. Otherwise, the platform has the right to pursue legal responsibility.

17.Others:
1)The platform reserves the final interpretation of this activity, as well as the rights to modify, interpret, and terminate the activity terms;
2)If the activity is affected by force majeure factors (such as natural disasters, government actions, changes in laws and regulations, etc.), the platform has the right to cancel, postpone, or adjust the activity, and it does not bear any responsibility for the consequences arising therefrom;
3)Participants in the activity should abide by national laws and regulations and the platform's rules. If violated, the platform has the right to cancel their participation.

Thank you for your consistent support and help to BIB Exchange!

BIB Operations Team

March 31 , 2023

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