What is the Alt Rewards Program?
How Does Alt Rewards Program Works?
The Alt Rewards Program consists of three (3) reward program Tiers based on the aggregate sale or purchase transactions you make with Alt Assets, as defined below (each, a “Rewards Tier”). By reaching the designated transaction volume with Alt Assets, such as by buying or selling Alt Assets on our Services or on a secondary marketplace that permits purchases or sales of Alt Assets, you will be eligible Alt Rewards associated with your Rewards Tier. These Alt Rewards may also be subject to additional program terms, which you can read about here.
You will be eligible for a Rewards Tier based on your aggregate transaction volume of Alt Assets (“Eligible Alt Transactions”), calculated within a six (6) month interval (the “Eligibility Period). There are two Eligibility Periods in each year, the first Eligibility period begins on January 1 of the year and ends on June 30 of that year, and the second Eligibility Period begins on July 1 of the year and ends on December 31 of that year (each a “Season”). Each Season lasts six (6) months, and your Eligible Alt Transactions reset every Season. For the avoidance of doubt, this means that your Alt Asset transaction volume used to calculate and determine your eligibility for Rewards Tiers automatically resets at the beginning of each Eligibility Period or Season. Each Rewards Tier is inclusive of the previous Tier — i.e., Tier 2 rewards include all of those available, in addition to Tier 1 rewards; Tier 3 rewards include all of those available, in addition to Tier 1 and Tier 2 rewards. You will be eligible for an Alt Rewards Tier, as described below.
The Reward Tiers are as follows:
- Tier 1. For Eligible Alt Transactions that equal or exceed 1 ETH within a Season.
- Tier 2. For Eligible Alt Transactions that equal or exceed 10 ETH within a Season.
- Tier 3. For Eligible Alt Transactions that equal or exceed 25 ETH within a Season.
A description of the Alt Rewards based on the Rewards Tiers can be found here.
General Prohibitions. Alt Users may not take any means to coordinate the purchase or sale of an Alt Asset with a buyer or seller or use fictitious, multiple, or fake accounts with Alt in connection with the Alt Rewards Program. No user may use the Alt Rewards Program in a manner that is in breach of these Rewards Terms, violates any law, infringes or violates the rights of any third party, or is otherwise deemed harassing, harmful, illegal, hateful, obscene or outside the spirit and intent of the Alt Rewards Program. In addition, you may not (i) tamper with the Alt Rewards Program, (ii) act in an unfair or disruptive manner, or (iii) use any system, bot or other device or artifice to participate in or receive any benefit from the Alt Rewards Program. If we believe that your participation in the Alt Rewards Program was done so, or was furthered in violation of these Terms, we have the right to withhold all Alt Rewards and your eligibility to participate in the Alt Rewards Program, and/or terminate your account with Alt, at our sole discretion and without any recourse to you. ANY ATTEMPT TO DELIBERATELY DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THE ALT REWARDS PROGRAM OR ALT MAY BE IN VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, ALT RESERVES THE RIGHT TO SEEK REMEDIES AND DAMAGES (INCLUDING ATTORNEY FEES) TO THE FULLEST EXTENT OF THE LAW, INCLUDING CRIMINAL PROSECUTION.
No Transfer. Rewards Tiers and Alt Rewards are not transferable between accounts or members. Alt Rewards awarded to one Alt User upon or your user account on Alt, your Reward Tier and any of your Alt Rewards will be terminated when you terminate your Alt User account.
Purchased Prizes. To the extent that Alt permits any “purchase” of any Prizes in accordance with a Reward Tier, such purchase will be deemed a limited, personal, non-transferable, non-sublicensable license to use such products or receive such services, which Alt may revoke at any time, with or without notice. Alt has no obligation to provide or maintain any such Prize.
Changes to these Alt Rewards Program Terms or the Alt Rewards Program. We may update the Rewards Terms or any program terms or sweepstakes terms from time to time at our sole discretion. If we do, we’ll let you know by posting the updated Rewards Terms and/or may also send other communications. It’s important that you review the Rewards Terms whenever we update them. If you continue to participate in the Alt Rewards Program after we have posted updated Rewards Terms, it means that you accept and agree to the changes. If you don’t agree to be bound by the changes, you may not participate in the Alt Rewards Program anymore. Because our Alt Rewards Program evolves over time, we may change or discontinue all or any part of the Alt Rewards Program, at any time and with or without notice, at our sole discretion.
Termination. We may suspend or terminate your participation in the Alt Rewards Program at our sole discretion, at any time, and without notice to you. Upon any termination, discontinuation, or cancellation of the Alt Rewards Program, all then-relevant sections of these Terms will survive.
Warranty Disclaimer. YOU ASSUME ALL RESPONSIBILITY AND RISK WITH RESPECT TO YOUR PARTICIPATION IN THE ALT REWARDS PROGRAM. THE ALT REWARDS PROGRAM, TOGETHER WITH ANY AND ALL PRIZES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON- INFRINGEMENT, SECURITY OR ACCURACY, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE. Without limiting the foregoing, Alt makes no warranty that the Alt Rewards Program will meet your requirements, or regarding the quality, accuracy, timeliness, truthfulness, completeness, or reliability of the Alt Rewards Program.
Additional Terms and Conditions. Certain Prizes may be subject to additional terms and conditions, which may include, without limitation, any promotional official rules. By participating in the Alt Rewards Program, you agree to such additional terms and conditions.