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GOPAX challenge description and rules

The GOPAX Challenge is a special competition for users from South Korea containing questions about major crypto assets and the Korean financial market. Prizes include ₩8,000,000 in crypto, job interviews with Cindicator and GOPAX, and more!

Organisers

This special challenge is organised by two parties:

Dates

The competition starts on 18 February 2019 and ends on 10 March 2019. During this period, registered users (i.e. you!) will answer special questions.

After the competition ends, you will have until 17 March 2019 to withdraw the prizes.

Eligibility

Only residents of South Korea are eligible to participate in this special challenge.

Please note: to withdraw the prizes, you will need to have a verified account on the GOPAX exchange.

How to participate

The first step is simple: enter your email in this simple form. After that, you will need to install the app, sign up, join the challenge, and answer questions. We will send you detailed instructions once you have provided your email address.

Questions

For this special challenge, you will be asked about 30 questions a week concerning major cryptocurrencies, South Korean crypto projects, and the Korean financial market. All special questions will be marked with a GOPAX logo. For each question, you will gain (or lose) between 1 and 200 points, depending on the question – just like with regular questions on the Cindicator platform. You can find out more about the different types of questions in the FAQ.

Points gained or lost in the special challenge will not affect your ratings in the main challenges.

Prizes

The main prizes are:

  • ₩8,000,000 in CND;
  • Job interviews with Cindicator and GOPAX.

The CND/KRW exchange rate will be fixed as an opening rate at 00:01 Korean time (UTC+9) on 11 March on the GOPAX exchange.

Additional prizes include:

  • Official certificates for the top 100 users;
  • Exclusive group for top analysts to monetise your skills;
  • Private dinner with Cindicator’s founders in Seoul;
  • GOPAX and Cindicator merch;
  • Tickets to a crypto-related conference in Seoul;
  • … and more!

The full list of prizes will be announced later.

Prize distribution

The prize fund will be distributed among all users who have: 1. completed the challenge with a balance point of at least 1 point and; 2. proved that they have a GOPAX account.

The more points you have and the higher you are in the ranking, the bigger the share you’ll get. The top users will get up to ₩1,000,000 in crypto!

How to claim your prize

To receive the reward, you will need to have a verified GOPAX account. Your personal GOPAX CND deposit address should be entered as the ETH address in the settings section of Cindicator. (The Cindicator team will send detailed instructions on how to do this.)

On 11 March, the Cindicator and GOPAX teams will check the addresses provided by the challenge participants using hash encryption (encryption will keep all sensitive data secure). Participants whose ETH addresses on Cindicator don’t match the CND deposit addresses on GOPAX will be excluded from the ratings and the prize fund distribution.

If you don’t have a verified GOPAX account yet, you can still sign up on GOPAX even after the challenge has started – it’s important that you do it before 10 March. The prizes will be distributed after the results have been announced, between 11 and 17 March.

Withdrawal threshold

To withdraw the prize, you will need to have at least in 150 CND in rewards. If you earn less than that, your reward will stay on your balance. You can simply continue to participate in Cindicator’s main challenges and withdraw your rewards once you reach the minimum threshold.

Referral programme

You can increase your reward by participating in the referral programme.

How the codes work

You join the challenge and get your referral code; You give your referral code to a friend; Your friend enters your referral code when they join the challenge; Your friend will now get 10% on top of their rewards AND you will get 10% of their rewards!

How to share your code to a friend

After you join the challenge, your own unique four-symbol code will immediately be generated for you and displayed on the challenge screen. Press the ‘copy to clipboard’ button (in the web application) or the share button (in the mobile application) located right next to the code to share it with your friends over any social media or messenger. The more people participate in the challenge with your code, the bigger your reward can be!

How to enter your friend’s code

Just enter your friend’s four-symbol code when you join the challenge. If you have already joined the challenge, you will no longer be able to enter the code. Also, please note that you can enter just one code.

DISCLAIMER: THIS PAGE CONTAINS THE MOST RECENT VERSION OF THE RULES AND TERMS OF THE GOPAX CHALLENGE. THE ORGANISERS RESERVE THE RIGHT TO UPDATE THE RULES AT ANY TIME. YOU UNDERSTAND AND ACKNOWLEDGE THAT THE CHALLENGE IS PROVIDED “AS IS”, “WITH ALL FAULTS”, AND “AS AVAILABLE” WITHOUT ANY WARRANTY. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SPONSOR AND ITS AFFILIATES EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. THE SPONSOR MAKES NO WARRANTY OR REPRESENTATION REGARDING ANY INFORMATION, MATERIALS, GOODS, OR SERVICES OBTAINED THROUGH THE SPONSOR’S SERVICE REPRESENTATIVES OR WEBSITES, OR THAT THE CHALLENGE WILL MEET ANY OF YOUR REQUIREMENTS OR EXPECTATIONS, OR BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE. PARTICIPATION IN A CHALLENGE IS AT YOUR SOLE RISK. THE SPONSOR IS NOT LIABLE FOR ACTS OR OMISSIONS OF THIRD PARTIES, FOR INFORMATION OR CONTENT OF COMMUNICATIONS, THIRD-PARTY SERVICES, EQUIPMENT FAILURE OR MODIFICATION, OR CAUSES BEYOND THE SPONSOR’S REASONABLE CONTROL.

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