Community App Competition Rules

Last Updated: 27 March 2019
Last modification: 27 March 2019

Login:

When entering the App, you are required to provide us with a valid phone number. The phone number is used to verify that you are an actual natural person by sending a 6-digit code that you must insert to access the App. Every time you login, you earn points in accordance with Appendix I. If you maintain a streak of 7 consecutive periods of 24 hours, you will get more points for each login.

Referral:

If you have been invited by a friend to use the App, you will be provided with a referral code that you must use when creating an account with us. The friend inviting you will receive bonus points on his own account in accordance with Appendix I to these Terms and Conditions.

Create a profile:

In order to create a valid account with the App, you are required to provide us with your first name, last name and email. IMPORTANT: do not use any alias or username other than the name figuring on your official ID Card, Passport and/or Driving License. For you to be able to use and redeem your rewards on the SwissBorg App, your first name, last name and email address must be the same as in the Community App.

Tutorial:

To make things easier for you, a tutorial will show a demo of how the App functions regarding the forecasting part of it. The tutorial consists of 2 different screens, 1 minute waiting time, and a dialogue screen showing the result. The tutorial is only meant as a practice round and constitutes an early mean to earn points in accordance with Appendix I. You can only play the tutorial once.

Push Notifications:

SwissBorg can keep you posted and remind you to login and forecast the price of Bitcoin by sending you Push Notifications. Notifications may include alerts, sounds and icon badges. These can be configured in the settings of your smartphone.

Forecasting rules:

When clicking “Forecast Bitcoin”, you are invited to forecast whether the price of Bitcoin will go up or down in the next 24 hours. You will then be required to determine how many points you would like to place on this forecast in accordance with your Risk Level (see Rule 5.7 hereunder and Appendix I). Pressing the “Confirm Bitcoin Going Up/Down” button will initiate a 24 hours countdown. If you have allowed us to send you Push Notifications, you will receive a notification in accordance with your settings when the countdown is over. The points you place are lost if your forecast is incorrect. The points you place are won if your forecast is correct and/or multiplied depending on the leverage you use.

Risk Level:

The number of points you can place on a given forecast is divided in 5 different Risk Levels:

  • Risk Level 1 - 200 points
  • Risk Level 2 - 500 points
  • Risk Level 3 - 1’000 points
  • Risk Level 4 - 5’000 points
  • Risk Level 5 - 10’000 points
Risk Level Points Allocation

If, in the course of the competition, the allocation of the points for each Risk Level is proven non-optimal, SwissBorg reserves the right, at its sole discretion and whenever deemed necessary by us and as many times as required by circumstances, to update the number of points allocated to each Risk Level. A Push Notification can be sent if your Settings allow for it. Should you have your Push Notifications turned off, SwissBorg may not communicate any update through any other kind of communication channel.

Badges:

Badges constitute achievements that can be unlocked by completing certain tasks or missions and therefore are another way for you to earn CHSB. There are 6 Badges in total and each Badge is divided in 3 Levels, to the exception of the last Badge:

  • Popular
  • Psychic
  • Risk Taker
  • Overachiever
  • Loyal
  • Hall of Fame - the ultimate Badge will be unlocked by completing all 3 levels of each 5 previous Badges.

For each level you reach, you will earn CHSB in accordance with Appendix I.

Hall of Fame Badge

Unlocking Hall of Fame will make you eligible for a Bonus in CHSB. The Bonus in CHSB will be redeemable in the SwissBorg App, provided that KYC process will have been completed successfully. The Bonus in CHSB is subject to Rule 7.3 hereunder and shall be redeemable. SwissBorg reserves the right to decide, at its full discretion, to not distribute any Bonus in CHSB.

Dashboard:

the Dashboard is your homepage, where you can see your forecasting history, your Points, your Rank, your Badges as well as other features of interest.

Special Promotions:

We reserve the right to create special promotions during Special Events and multiply the points you earn during the Special Event. The creation and arrangements of such Events remain at the sole discretion of SwissBorg.

Source of Data:

in order to determine the price of BTC/USD, we use external sources of data from Coinbase Pro. EUR/USD, GBP/USD, CHF/USD are extracted from the European Central Bank. SwissBorg will not be held responsible for the correct display of prices.

No Sponsoring:

Apple is not a sponsor of this Competition and is in now way affiliated with SwissBorg.