1. Eligibility
- Participation is open only to individuals who are 21 years of age or older at the time of registration.
- Employees, officers, and directors of Karabiner Growth Partners LLC; DBA Cracked Labs (“Cracked”) and event sponsors are not eligible to participate.
- The Contest is void where prohibited by law.
2. Contest Overview
- The Battle Trade Contest (“Contest”) is a one-day competitive event hosted by Cracked.
- Each participant/team will receive sponsor-funded credits in a dedicated wallet created on a designated Sponsor platform (“Platform”).
- Participants may trade any permitted assets on Platform during the Contest period.
- Certain asset classes (e.g., meme tokens) are restricted.
- Perpetual contracts (“perps”) are permitted. Participants acknowledge these involve high financial risk and may result in liquidation of their Contest wallet.
3. Wallets and Credits
- Cracked does not custody or transmit digital assets on behalf of participants.
- Wallets are self-created by participants through referral links provided by Platform.
- Sponsor-funded credits are seeded into each participant wallet by Cracked or Platform at the start of the Contest.
- Once eliminated or liquidated, the wallet remains under the participant’s control, regardless of balance.
- Reporting and tax liability is under the responsibility of the participant.
4. Judging Criteria
- Winners are determined based on net Profit and Loss (PnL) performance of their Contest wallet during the official Contest window.
- Rankings are calculated from on-chain data and verified by Cracked and/or by a third party.
- When a participant’s Contest wallet is fully liquidated or is the worst in performance for the window, the participant is removed from the Contest.