General Terms and Conditions of Participation in the VELTA NFT event

General Terms and Conditions for Participation in the « VELTA NFT Event »

1. Filing and Certification
These General Terms and Conditions for Participation in the NFT event organized by VELTA have been filed with the SOLEAU system of the INPI to certify the content of the rules and the correspondence of the NFTs with their respective exchange values.
The filing was completed on February 8, 2024 (Total pages: 9).

2. Eligibility Criteria
To be eligible for the event organized by VELTA on Twitter (hereinafter « X »), the participant must meet the following conditions:

  • Be of legal age according to the legislation of their country of residence.
  • Have the legal capacity and free disposal of their assets.
  • Not be an employee of VELTA or affiliated with any entity related to VELTA.

Eligibility is subject to strict compliance with these conditions before the closing date specified in this document.

3. Participation Requirements and Prize Allocation
Participants must complete the following actions:

  • Download and install the VELTA application on their smartphone.
  • Follow the instructions provided in the VELTA application, complete their profile, and/or refer new users to the application (« referred users »). The referred users must then enter the referral code in the application for the referrer to be randomly assigned a new NFT.
  • Provide a valid email address.
  • Provide a public address on the Polygon blockchain.

The winner of the $50,000 Grand Prize (the participant selected by random draw or the last owner of the corresponding NFT) will be notified via email within 30 days following the conclusion of the event. The winner will have 30 days from the receipt of the email to claim their prize. Failure to do so within this period will result in prize forfeiture.

Participants holding an NFT will also have 30 days to claim the corresponding monetary value once VELTA announces on Twitter or its website (velta.org) that the tokenization guarantee condition has been met for a total amount of $200,000,000 on its DeFi Lending platform. After this deadline, the NFT value will be considered void.

4. Sanctions and Exclusions
By participating, participants agree to be bound by these terms as well as VELTA’s decisions, which shall be final. They acknowledge that the event is exclusively governed by French law and that any dispute shall be submitted to the Tribunal de Grande Instance of Nice (Alpes-Maritimes, France).

This event is not a game of chance but is based on predetermined actions. No payment is required to participate.

VELTA reserves the right to disqualify any participant in the event of a breach of these terms, an attempt at fraud, or manipulation of the participation process. VELTA may exclude a participant at its sole discretion. In cases of force majeure, VELTA also reserves the right to modify, suspend, or cancel the event.

5. NFT Distribution and Value
The event includes a total of 200,000 NFTs from the « VELTANIMO » series. Distribution will be randomized among eligible participants.

Each NFT corresponds to one of the six categories defined in VELTA’s White Paper. Redemption is subject to the following condition: VELTA must maintain a collateralized token guarantee of at least $200,000,000 on its DeFi Lending platform for a minimum of 12 consecutive months.

NFT Categories and Corresponding Values:

  • Category 1: 127,800 NFTs at $1 each (total: $127,800)
  • Category 2: 57,800 NFTs at $5 each (total: $289,000)
  • Category 3: 12,800 NFTs at $50 each (total: $640,000)
  • Category 4: 1,000 NFTs at $100 each (total: $100,000)
  • Category 5: 500 NFTs at $500 each (total: $250,000)
  • Category 6: 100 NFTs at $1,000 each (total: $100,000)

Grand Prize:
1 unique NFT valued at $50,000 (total: $50,000)

The allocation of NFTs will depend on the actions performed by participants, with no guarantee of receipt for any given participant.

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