What Is Binance Pay Red Packet Giveaway and How to Participate?

1. Acceptance of terms and conditions

1.1 These terms and conditions govern your participation in the Binance Pay Red Packet Campaign organized by Binance Pay. By participating in or playing the Binance Pay Red Packet Campaign, you (“you” or “User”) agree unconditionally and irrevocably to be bound by, and shall be deemed to accept, these terms and conditions, and the following additional terms : (a) Binance Terms and Conditions for Prize Promotions (https://www.binance.com/en/pp-terms); (b) Binance Pay Terms of Use (https://pay.binance.com/en/terms); (c) Binance Terms of Use (https://www.binance.com/en/terms); and (d) Binance Privacy Policy (https://www.binance.com/en/privacy); all of which are incorporated by reference into these terms and conditions. If you do not agree to these terms and conditions, please do not access, participate in or play the Binance Pay Red Packet Campaign. For the avoidance of doubt, capitalized terms used and not defined herein have the same meaning as given to such terms in the Binance Terms of Use.

1.2 In the case of any inconsistency or conflict between these terms and conditions, and any other incorporated terms, the provisions of these Campaign Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Pay Terms of Use; (c) Binance Terms of Use; and (d) Binance Privacy Policy.

1.3 The rights and protections afforded to Binance under these terms and conditions are in addition and supplemental to the rights and protections afforded to Binance under all the other incorporated terms and conditions mentioned in paragraph 1.1 above (including, without limitation, the Binance Terms and Conditions for Prize Promotions).

2. Eligibility

2.1. For all Binance Pay Users: All Binance Pay account holders ("Pay Users") who visit the Campaign landing page (or such other landing page as may be specified by us from time to time), log in to their account and click the “Claim” button, will be eligible to receive one free red packet ("Pay Red Packet"). Each red packet consists of up to 3 USD worth of crypto rewards. These Pay Red Packets are limited, and will be distributed on a first-come, first-served basis.

2.2. Extra Red Packets for successful invitations ("Invitation Red Packet"): If a Binance Pay User invites another User to sign up and successfully complete the KYC for a Binance Pay account ("Invited User"), and that Invited User thereafter also participates successfully in this Campaign ("Successful invitation"), then both the Binance Pay User and the Invited User will each receive an Invitation Red Packet. Each red packet consists of up to 3 USD worth of crypto rewards. These Invitation Red Packets are also limited, and will be distributed on a first-come, first-served basis. Additional rules mentioned in paragraph 2.3 below also apply in respect of the distribution of rewards for Successful Invitations.

2.3. Additional rules in respect of Successful Invitations

(a) You can share the Campaign activity link or poster with your friends through social media. Invitation Red Packets will only be distributed if there are “Successful Invitations”. You can check the status of invites that you have sent in "Reward Details". Each Invited User can only be invited once during the Campaign Period.

(b) In respect of the distribution of Invitation Red Packets involving:

(i) Invites of users to this Campaign: The successful user entitled to a red packet shall be the one who had provided the link through which the user had clicked on and successfully received a Pay Red Packet. Example:

User A sends user B an invitation link to access the Campaign page. User B accesses the Campaign page through user A's invitation link, but did not complete all the required steps to (and therefore did not) receive the Pay Red Packet. User A will not receive the Invitation Red Packet.

Subsequently, another user (user C) sends the same user B another invitation link to the same Campaign page. This time, user B completes all the required steps and successfully receives a Pay Red Packet. Both users B and C are entitled to each receive an Invitation Red Packet, as a Successful Invitation has been concluded.

3. Users are, under no circumstances, permitted to:

(i) Create or use cheats, mods and/or hacks, or any other third-party software products that may change the result of the Binance Pay Red Packet Campaign;

(ii) Use software that allows the mining of data or otherwise intercepts or collects information in connection with the Binance Pay Red Packet Campaign; and

(iii) sell, buy or trade user accounts or impersonate any other individual in connection with user accounts, and the foregoing shall include all circumventions, similar actions or actions that produce an effect that matches the aforementioned prohibitions.

(iv) Without limitation to any other rights or remedies that Binance may have under law, Binance may do any one or more of the following if Binance suspects or determines that You (whether alone or with others) have engaged in fraudulent, suspicious or unauthorized activity in connection with this Binance Pay Red Packet Campaign (such activity referred to as “Fraud Action”):

(a) Suspend or terminate your Binance account;

(b) Disqualify You from any this Campaign and claw back all points, entitlements and rewards issued by Binance in connection with the Fraud Action;

4. Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Campaign, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users and participants shall be bound by these amendments. For clarity, Binance's decisions with respect to all aspects of this Campaign are final and non-appealable.

5. Risk reminder: Users confirm that they understand the risks involved in the trading or holding of digital assets (digital currencies, their derivatives or other types of digitalized assets with a certain value) and are recommended to exercise prudence and trade responsibly within their own capabilities. Binance does not take responsibility for any trading behaviors resulting in direct or indirect losses.