Terms and Conditions
Last updated: August 4, 2023
The Quests program is offered to residents of countries where such contests, including participation in the components thereof, are allowed by the laws of those countries. To be eligible to participate in the contest you must be of the age of majority in your jurisdiction of residence. The contest is null and void in any jurisdiction where participation in any aspect of the contest is prohibited by law. By participating in the contest you agree to these terms and conditions.
Eligibility for rewards may be contingent upon providing certain identifying and related information about you. Sui Foundation and Mysten Labs reserve the right to block any participant’s access to the contest or rewards, including participants who engage in cheating, utilize bots or scripts, attempt to bypass website controls, or attempt to otherwise manipulate any element of the contest in any way.
Sui Foundation and Mysten Labs reserve the right to terminate the contest in whole or in part at any time without prior notice. We may change or modify the amounts or types of rewards and/or discontinue, or terminate, temporarily or permanently, all or any part of the Quests at any time and without notice, and we may remove or re-allocate any rewards earned by any participant or elect not to provide any rewards to any participant. We reserve the right to disqualify any individual we find to be acting in violation of these terms, to be acting in an unethical or disruptive matter, or with intent to annoy, abuse, threaten or harass any other person, as we determine in our sole discretion.
Rules and scoring details for this Quest are available here. Sui Foundation and Mysten Labs reserve the right to change the scoring methodology at any time for any reason.
Tokens for Quests will be provided by the Sui Foundation. Distribution of rewards will follow the end of the contest. Immediate or precise timing for reward distribution is not guaranteed. Following the end of the contest, Mysten Labs and/or the Sui Foundation will endeavor to provide guidance to the participants as to the schedule of the reward distribution. Individual notifications as to delivery of rewards will not be provided.
You are responsible for the payment of all taxes associated with your receipt of any rewards. You agree to provide us with any additional information and complete any required tax or other forms relating to your receipt of such rewards.
Interaction with dApps
dApps that are utilized by you during the Quests are not owned or operated by Sui Foundation or Mysten Labs, unless specified.
Trading and investing in financial markets through these dApps carry inherent risks and can result in substantial or complete loss of capital. Contest information is for informational purposes only and should not be considered as professional or investment advice. Before making any financial decisions, you should carefully consider your investment objectives, risk tolerance, and seek advice from a qualified financial professional. Past performance is not indicative of future results. You are solely responsible for your investment decisions, and you assume all risks associated with participating, trading and investing.
Restricted Jurisdictions and Users
You are not and, if applicable, none of your affiliates or direct or indirect beneficial owners is, (a) located, incorporated or otherwise established in, or a citizen or resident of any state, country or other jurisdiction that is designated by the U.S. Secretary of State as a country supporting international terrorism, or to which U.S. nationals cannot lawfully engage in transactions as designated by the Office of Foreign Assets Control (“OFAC”), including Cuba, Crimea, Luhansk and Donetsk regions of Ukraine, Democratic People’s Republic of Korea, Iran and Syria, (b) a person found on the OFAC Specially Designated Nationals, Blocked Persons List, or any other consolidated prohibited persons list as determined by any applicable governmental authority (including any such list maintained by the government of the United Kingdom), (c) a person identified as a terrorist organization on any other relevant lists maintained by any governmental authority, or (d) a senior foreign political figure, or an immediate family member or close associate of a senior foreign political figure.
You may suffer adverse tax consequences as a result of receiving, holding, exchanging, selling, staking, transferring or otherwise using SUI tokens (“Tokens”) in any way. You hereby represent that (a) you have consulted with a tax adviser that you deem advisable in connection with your receipt of Tokens or that you have chosen not to do so, (b) neither Mysten Labs or the Sui Foundation has provided you with any tax advice, and (c) you agree to be fully responsible for any taxes resulting from any purchase and use of the Tokens.
Compliance with Laws
You represent and warrant that your participation in the Quest is compliant with all applicable laws, ordinances, judgments, orders, rules and regulations that are applicable to you, including in connection with your receipt of Tokens and that your receipt, continued beneficial ownership of and any transfer of the Tokens will not violate any applicable laws of your jurisdiction.
You understand and acknowledge that this reward does not constitute a sale of virtual assets to the public.
Waiver of Warranties; Assumption of Risks
You understand and expressly accept that the Tokens will be delivered to you at your sole risk on an “AS IS” and “UNDER DEVELOPMENT” basis.
THE SUI FOUNDATION DOES NOT MAKE ANY WARRANTY WHATSOEVER WITH RESPECT TO THE TOKENS, INCLUDING ANY (i) WARRANTY OF MERCHANTABILITY; (ii) WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; (iii) WARRANTY OF TITLE; OR (iv) WARRANTY AGAINST INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF A THIRD PARTY; WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR OTHERWISE. EXCEPT AS EXPRESSLY SET FORTH HEREIN, YOU HEREBY ACKNOWLEDGE YOU HAVE NOT RELIED UPON ANY REPRESENTATION OR WARRANTY MADE BY ANY PERSON. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, YOU ASSUME ALL RISKS AND LIABILITIES FOR THE RESULTS OBTAINED BY THE USE OF ANY TOKENS AND REGARDLESS OF ANY ORAL OR WRITTEN STATEMENTS MADE BY THE SUI FOUNDATION, BY WAY OF TECHNICAL ADVICE OR OTHERWISE, RELATED TO THE USE OF THE TOKENS.
You understand that your receipt of the Tokens involve significant risks, all of which you fully and completely assume, including, but not limited to, the risks that (i) the technology and economic models associated with the Tokens will not function as intended; (ii) there may be liquidity issues with respect to the market for the Token, and (iii) parties involved in the development of the Tokens may be subject to investigation and punitive actions from governmental authorities.
Class Action Waiver
Any claim or dispute arising under these terms will take place on an individual basis without resort to any form of class or representative action (the “Class Action Waiver”). THIS CLASS ACTION WAIVER PRECLUDES ANY PARTY FROM PARTICIPATING IN OR BEING REPRESENTED IN ANY CLASS OR REPRESENTATIVE ACTION REGARDING A CLAIM. Regardless of anything else herein to the contrary, the validity and effect of the Class Action Waiver may be determined only by a court or referee and not by an arbitrator. You acknowledge that this Class Action Waiver is material and essential to the arbitration of any disputes between the parties and is non-severable from these Terms.