Terms and Conditions - Kenya KYC And Win Competition

Yellow Card Financial is a company whose mission is to bring financial inclusion to everyone. As we do this, we are committed to protecting the integrity of our company by ensuring that no one carries out illegal or illicit activity on our platforms. This is why we require KYC (Know Your Customer) information from our users - to ensure that our customers can easily buy, sell or store cryptocurrencies safely on our platform. 

While our KYC process is straightforward, we are making it even fun for you through the “Yellow Card Complete KYC and Win Competition” - a giveaway competition where every customer in Kenya stands a chance to win up to Kes 5,000 or more in the months of May and June. All you need to enter the competition is simply verify your Yellow Card account to at least Tier 1. 

Competition Period: 16 May to 15 June 2022. 

Prize: 130 Winners, Kes 130,000 to be Won in 4 pools as listed below: 

1. Ten (10) customers will win Kes 5,000 each - If you verify your account and deposit a minimum of Kes 5,000, you stand a chance to win Kes 5,000. 

2. Ten (10) customers will win Kes 2,000 each - If you verify your account and deposit between Kes 1,000 and Kes 2,000, you stand a chance to win Kes 2,000. 

3. Ten (10) customers will win Kes 1,000 each - If you verify your account and deposit between Kes 500 and Kes 1,000, you stand a chance to win Kes 1,000. 

4. One hundred (100) customers to win Kes 500 each - Every user that completes KYC verification up to Tier 1 gets a chance to win Kes 500 

Note: Each winner will receive their reward in USDT payable directly to the winner’s Yellow Card wallet.

Terms and Conditions: The following terms apply to your participation in the competition. 

1. How to Participate 

To participate in the Competition, you must register for a Yellow Card account and complete a minimum of Tier 1 verification if you don’t have one already. To be part of Pool 1, you must complete KYC and transact over Kes. 5000 to win a prize of Kes 5,000; in Pool 2, you must complete KYC and transact over between Kes. 2,000 and Kes 1,000 to win a prize of Kes. 2,000; and Pool 3, you must complete KYC and transact between Kes 500 - Kes. 1,000 to win a prize of Kes. 2,000 Pool 4, complete KYC and win a prize of Kes. 500. 

2. Eligibility criteria 

Participation in the competition is limited to Kenyan residents with a registered Yellow Card account. You must be 18 years or older. We will exclude any account created using fake or fraudulent details from the Competition. Employees of Yellow Card or any of its subsidiaries are not eligible to enter this Competition. 

3. Agreement to these Terms 

Without limiting the applicability of Yellow Card’s User Agreement and Privacy Policy to customers who sign up, you agree to be bound by these additional Terms when participating in the Competition. You represent and warrant that you meet the eligibility criteria, and you agree to accept any decision made by Yellow Card in terms of these Terms as final and binding.

4. Selecting the winners 

Yellow Card will select 15 winners from Pool 1, 10 winners from Pool 2, 10 winners from Pool 3 and 100 winners from Pool 4. The winners will be entrants who meet the eligibility requirements and trade any cryptocurrency on the platform.

5. Contacting a winner 

Yellow Card will contact the winners by email within 5 (five) business days of the competition closing. Yellow Card is not liable for any winner’s failure to receive notices due to spam, junk email or other reasons. If a winner fails to reach out to Yellow Card within 48 hours from when the congratulatory message was sent to the winner via email, the prize will be forfeited, and an alternate winner will be selected. Should you be identified as a winner, Yellow Card will verify your identity against your Yellow Card account to award you your prize.

6. Announcing the winner 

We may announce the winners across any of Yellow Card’s social media pages, including but not limited to Facebook, Instagram & Twitter. If you are selected as a winner, you agree to Yellow Card publishing your competition Username (created in the registration form for the competition).

7. Personal data 

Yellow Card shall use the personal information supplied by the entrants for the competition and in line with its privacy policy. 

By participating in the competition, the entrant agrees to the collection, retention, usage, and distribution of their personal information by Yellow Card. 

The winner’s consent to the use of their photograph, name, or details for advertising, marketing, or promotional activities relating to the contest and Yellow Card’s products and services without additional compensation or prior notice and, in participating in the contest, all entrants consent to the same.

8. Limitation of liability 

Yellow Card does not accept any liability for any damage, loss, injury, or disappointment suffered by any entrant as a result of either participating in this contest or being selected as a winner. 

Also, Yellow Card shall not be responsible for any damage or loss suffered by an entrant due to the publicity associated with the contest or any promotional activity by the Company. 

Subsequent ownership and trade in bitcoin by the winner is beyond the company’s control; therefore, we do not accept any liability to the entrant or a third party resulting from the entrant’s future dealings.

9. Account information 

You acknowledge that you will safeguard your login and account information and be the sole operator/accessor/transactor of your account. Yellow Card Financial shall not be liable for any loss you may incur if you expose or disclose your login or account credentials to a third party, whether intentionally or by your negligence. And in the event Yellow Card incurs any loss as a result of your negligence or willful disclosure to a third party, you shall indemnify Yellow Card Financial to the extent of their loss.

10. Nature of Business 

Yellow Card Financial is neither an investment company nor an investment advisory. Yellow Card Financial is a crypto-asset exchange platform. We do not operate, participate in or promote any form of multi-level marketing scheme. We do not accept any responsibility for any loss in the event you engage in such transactions.

11. General 

Yellow Card reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, this contest with or without prior notice due to any reason, including, without limitation, in the case of anticipated, suspected, or actual fraud, or where it considers it necessary to do so. Our decision in this instance is final and binding, and no correspondence will be entered. 

Yellow Card shall not be liable for any failure to comply with its obligations where the failure is caused by something beyond its reasonable control. 

This contest will be governed by the Laws of the Republic of Kenya, and Entrants to the competition submit to the exclusive jurisdiction of the Kenyan courts. 

Yellow Card reserves the right to update these Terms and Conditions from time to time, and any revised version will be effective as soon as it is published on the website or our social media page.

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