Terms & Conditions - First 500

Terms & Conditions


1.1. The promoter is: Trac Sales & Marketing, Level 5, 57 Rathbone Place, London W1T 1JU.


2.1. The title of the competition is The First 500.

2.2. The First 500 is a referral competition whereby entrants register for a Learn & Earn account, an 11 part educational series developed by Kinesis. Participants can then use their unique referrer link to invite friends, family, other referrers and colleagues to participate.

3.1. The competition will run from 15th OCT, 2019 (the “Opening Date”) to FEB 29th 2020, (the “Closing Date“) inclusive. Please note: US non accredited investors are not elegible to receive KVT prize.

3.2. All competition referrals and task completion must be received by the Promoter via the website set out at condition 1 by no later than 23:59 on the Closing Date. All competition entries received after the Closing Date are automatically disqualified.

3.3. To enter the competition:

3.3.1. There are 4 tasks a participant must complete to qualify;
Sign up to a Kinesis Money account, in order to receive a referrer link
Sign up to create a Learn and Earn account at my.kinesis.money, where you can access the educational videos
Refer 10 people using your my.kinesis.money account referrer ID, which you will receive when you signed up in step 2 at https://my.kinesis.money . The 10 people must complete the video series for them to qualify as a successful referee.
Login to your Kinesis Money account at https://kms.kinesis.money/login and purchase 1 KAU on the Kinesis Exchange, you can see the how to video here , by the Closing Date.

3.4. KAU purchase on the Kinesis Exchange is necessary and the KAU is held by title to the participant and can be used or exchanged with no lock up restrictions.

3.5. The Promoter will not accept:

3.5.1. responsibility for competition entries that are fraudulent, mislaid, incomplete or delayed, regardless of cause, including, for example, as a result of any equipment failure, technical malfunction, systems, satellite, network, server, computer hardware or software failure of any kind; or

3.5.2. proof of transmission as proof of receipt of entry to the competition.

3.6. By submitting a competition entry, you are agreeing to be bound by these terms and conditions.

3.7. For help with entries, please contact the consumer helpline on first500@kinesis.money

3.8. Please see https://my.kinesis.money for a copy of these competition terms and conditions.

3.9. Each competition entrant who has correctly completed the competition terms in accordance with the requirements at my.kinesismoney.com will be assessed against their position on the 500 leaderboard. Subsequent to the competition closing date all entrants will be assessed for compliance and to ensure all parameters have been met. We will then start to announce the final leaderboard.

4.1. The competition is open to all residents in eligible countries where participation is not restricted for individuals aged 18 years or over, except:

4.1.1. employees of the Promoter or its holding or subsidiary companies;

4.1.2. employees of agents or suppliers of the Promoter or its holding or subsidiary companies, who are professionally connected with the competition or its administration; or

4.1.3. members of the immediate families or households of (4.1.1.) and (4.1.2.) above.

4.2. In entering the competition, you confirm that you are eligible to do so and eligible to claim any prize you may win. The Promoter may require you to provide proof that you are eligible to enter the competition.

4.3. The Promoter will not accept competition entries that are:

4.3.1. automatically generated by computer;

4.3.2. completed by third parties or in bulk;

4.3.3. illegible, have been altered, reconstructed, forged or tampered with;

4.3.4. photocopies and not originals; or

4.3.5. incomplete.

4.4. There is a limit of one entry to the competition per household OR one entry per person. Entries on behalf of another person will not be accepted and joint submissions are not allowed.

4.5. The Promoter reserves all rights to disqualify you if your conduct is contrary to the intention of the prize competition.

4.6. Competition entries cannot be returned.

5.1. Leaderboard takes into account the number of people you have referred, the highest referrer who satisfies the parameters of the competition takes the grand prize of 10 KVTs.

Place on leaderboard KVT Reward Total
1 10 10
2 – 5 5 20
6 – 10 4 20
11 – 25 3 45
26 – 100 2 150
101 – 500 1 400

5.2. The prizes are provided by Kinesis Cayman Registered address: C/O Stuarts Corporate Services, 36A Dr. Roy’s Drive, Grand Cayman, Cayman Islands, KY1-1104 Company No: 338455

5.3. Prizes are subject to eligibility. There is no cash alternative for the prize. The prize is not negotiable or transferable.

All KVT allocations are final and are subject to a lock up period, where they will be held by Kinesis until FEB 10th, 2021.

5.4. In order to claim the prize you must provide full details to the promoter including but not limited to; Full name, Residential Address, proof of ID and proof of address upon request. Please note KVTs are unavailable to US Citizens who are non Accredited Investors.

6.1. The decision of the Promoter is final and no correspondence or discussion will be entered into.

6.2. The Promoter will notify the winners as soon as practicable after the Announcement Date, using the telephone number or email address provided with the competition entry. The Promoter will not amend any contact information once the competition entry form has been submitted.

6.3. The list of winners of the competition will be announced in the social channels and my.kinesis.money website on 10th March 2020. Winners can be viewed on my.kinesis.money from the Announcement Date for a period of 10 days.

7.1. Please allow 60 days for delivery of the prize. The prize may not be claimed by a third party on your behalf. You must pass Kinesis KYC in you kms.kinesis.money account in order to receive you KVTs.

7.2. The Promoter will make all reasonable efforts to contact the winner. If the winner cannot be contacted or is not available, or has not claimed their prize within 30 days of the Announcement Date, the Promoter reserves the right to offer the prize to the next eligible entrant selected from the correct entries that were received before the Closing Date.

7.3. The Promoter does not accept any responsibility if you are not able to take up the prize.

8.1. Insofar as is permitted by law, the Promoter, its agents or distributors will not in any circumstances be responsible or liable to compensate the winner or accept any liability for any loss, damage, personal injury or death occurring as a result of taking up the prize except where it is caused by the negligence of the Promoter, its agents or distributors or that of their employees. Your statutory rights are not affected.

9.1. All competition entries and any accompanying material submitted to the Promoter will become the property of the Promoter upon receipt and will not be returned OR The Promoter does not claim any rights of ownership in your competition entry

By submitting your competition entry and any accompanying material, you agree to:

9.1.1. assign to the Promoter all your intellectual property rights with full title guarantee; and

9.1.2. waive all moral rights, in and to your competition entry and otherwise arising in connection with your entry to which you may now or at any time in the future be entitled under the Copyright, Designs and Patents Act 1988 as amended from time to time and under all similar legislation from time to time in force anywhere in the world.

9.2. You agree that the Promoter may, but is not required to, make your entry available on its website my.kinesis.money and any other media, whether now known or invented in the future, and in connection with any publicity of the competition. You agree to grant the Promoter a non-exclusive, worldwide, irrevocable licence, for the full period of any intellectual property rights in the competition entry [and any accompanying materials], to use, display, publish, transmit, copy, edit, alter, store, re-format and sub-licence the competition entry [and any accompanying materials] for such purposes.

10.1. The Promoter will only process your personal information as set out in the Privacy Policy

11.1. If there is any reason to believe that there has been a breach of these terms and conditions, the Promoter may, at its sole discretion, reserve the right to exclude you from participating in the competition.

11.2. The Promoter reserves the right to hold void, suspend, cancel, or amend the prize competition where it becomes necessary to do so.

11.3. These terms and conditions shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.

The First 500 competition has concluded

Please note: The First 500 competition has concluded and the winners being processed.

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