THE £50 EXPERIMENT

GIVEAWAY TERMS & CONDITIONS

Version 1.0Draft pending legal and regulatory review
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These giveaway terms are a draft. The bracketed items must be completed, and the complete terms must receive UK legal and regulatory review, before launch.

1. Promoter

The promoter of The £50 Experiment giveaway is:

Promoter: [FULL LEGAL NAME] Brand: ORION RICH Website: orion-rich.com Contact: [CONTACT EMAIL]

ORION RICH is the public-facing brand used in connection with The £50 Experiment.

2. The £50 Experiment

The £50 Experiment is a promotional experiment funded entirely using £50 of the Promoter's own money.

The Promoter will privately select an undisclosed cryptocurrency for the experiment. The underlying cryptocurrency will remain undisclosed while the experiment is active.

The public website may display information including:

The identity of the underlying cryptocurrency, quantity held, entry price and private exit conditions will remain undisclosed while the experiment is active.

  • Starting GBP value
  • Current GBP value
  • Historical GBP value
  • Percentage change
  • Progress towards the experiment target
  • Days running
  • Experiment status

3. Starting Amount

The starting amount for The £50 Experiment is: £50

The £50 is provided entirely by the Promoter. Entrants do not contribute money to the experiment.

4. Experiment Target

The public experiment target is: £500

The experiment therefore tracks the journey from: £50 → £500

The £500 figure is an experiment target only. It is not:

The value of the experiment may rise or fall. The experiment may never reach £500. The experiment may therefore conclude at a value below £500.

  • A guaranteed return
  • A promised return
  • A guaranteed prize
  • A representation that £50 will become £500
  • A guarantee that the underlying investment will increase in value

5. Experiment Duration

Experiment start date: [DATE]

The experiment has a maximum duration of 10 years.

Experiment end date: [DATE - 10 YEARS AFTER START DATE]

The experiment will conclude on the earlier of:

Reaching £500 is not guaranteed. If the £500 target is not reached within the 10-year period, the experiment will conclude on the stated end date.

  1. The experiment reaching the £500 target in accordance with its predetermined rules; or
  2. The 10-year experiment end date.

6. Free Entry

Entry into the giveaway is completely free. No purchase or investment is necessary.

Entrants are not required to:

Making a payment or investment does not increase an entrant's chance of winning.

  • Purchase cryptocurrency
  • Purchase another investment
  • Send money or cryptocurrency to the Promoter
  • Open a cryptocurrency exchange account
  • Create a cryptocurrency wallet
  • Use an affiliate or referral link
  • Purchase any product or service

7. Eligibility

The giveaway is open to:

Individuals directly involved in administering the giveaway are not eligible to enter. The Promoter may request reasonable evidence of age and UK residency from the selected winner.

  • Residents of the United Kingdom
  • Individuals aged 18 or over at the time of entry

8. How to Enter

To enter the giveaway:

The required comment will be clearly stated in the giveaway post. No purchase is necessary. Only valid entries received during the stated entry period will be included.

  1. Follow the designated official ORION RICH social-media account.
  2. Like the designated giveaway post.
  3. Leave the specified giveaway comment on the designated giveaway post.

9. Entry Period

Opening date and time: [DATE/TIME]

Closing date and time: [DATE/TIME]

Entries received after the closing date and time will not be accepted. The entry period is separate from the duration of The £50 Experiment. The experiment may continue for up to 10 years after entries have closed.

Once the entry period closes, the eligible entrant pool will be finalised. No additional entrants will be accepted after the closing date.

10. Entrant Pool

Following the closing date, the Promoter will create and retain a record of valid eligible entries. This entrant pool will be used for the eventual random winner selection.

The Promoter will take reasonable steps to maintain an accurate record of eligible entrants for the duration required to administer the giveaway. Entry into the giveaway does not mean that a winner has already been selected.

11. No Winner Selected Until the Experiment Ends

No winner will be selected when entries close. The entrant pool will remain on record while The £50 Experiment continues.

A winner will only be selected after the experiment concludes: when the £500 experiment target is reached or the 10-year experiment end date is reached. Only after this occurs will the random winner-selection process take place.

12. Ownership of the Investment

The £50 used in The £50 Experiment belongs entirely to the Promoter. The underlying cryptocurrency and investment position remain owned and controlled by the Promoter throughout the experiment.

Entrants do not acquire:

The eventual winner will receive a cash prize in GBP, not ownership of the underlying cryptocurrency.

  • Ownership of the cryptocurrency
  • Ownership of an investment account
  • Beneficial ownership of the Promoter's investment
  • Control over the investment
  • Authority to instruct the Promoter
  • A right to request early withdrawal
  • A right to request that the underlying investment is sold

13. Investment Decisions

The underlying asset is selected independently by the Promoter. The Promoter will establish private predetermined rules relating to the management and conclusion of the experiment.

Entrants cannot:

The Promoter will not accept investment instructions from entrants.

  • Select the underlying cryptocurrency
  • Request private disclosure of the cryptocurrency
  • Instruct the Promoter to buy or sell
  • Alter the exit conditions
  • Request early withdrawal
  • Change the £500 experiment target
  • Control the investment

14. Public Performance Tracking

ORION RICH may publicly document the performance of The £50 Experiment. Information displayed may include:

Historical GBP values may also be displayed using charts, graphs or other visualisations. Public performance tracking documents the historical and current GBP value of the experiment. It does not guarantee future performance.

  • Starting value: £50
  • Current value: £XX.XX
  • Experiment target: £500
  • Percentage change: XX.XX%
  • Progress towards target: XX.XX%
  • Days running: XX
  • Status: Active / Concluded

15. Underlying Cryptocurrency

The underlying cryptocurrency will remain undisclosed while the experiment is active. The Promoter will not provide its identity privately to entrants on request.

The public website will display the GBP value of the experiment rather than information intended to identify the underlying asset. The Promoter may decide whether to disclose the underlying asset after the experiment concludes, subject to applicable legal and regulatory requirements.

16. Reaching the £500 Target

If the experiment reaches the £500 target in accordance with the predetermined experiment rules before the 10-year end date, the experiment will conclude. The final realised GBP value will then be determined in accordance with those rules.

The final value may differ slightly from exactly £500 due to market movement, execution price, trading fees, conversion costs, spreads and other unavoidable transaction effects. The actual final realised value will be used to determine the prize in accordance with these terms.

17. Ten-Year End Date

If the £500 target has not been reached by the stated 10-year end date, the experiment will conclude on that date. The underlying position will then be dealt with according to the predetermined experiment rules.

The resulting final realised GBP value will determine the cash prize. The winner is therefore not guaranteed to receive £500.

18. The Prize

There will be one winner. The prize will be paid in GBP cash.

The prize will be calculated according to the final realised GBP value of The £50 Experiment under the predetermined experiment rules. The prize is variable.

The £500 experiment target does not mean that the winner is guaranteed to receive £500. The final prize may be below £500, approximately £500, or different from the displayed target due to execution and transaction effects. The precise prize will be confirmed once the experiment concludes.

19. Winner Selection

After the experiment concludes and the final prize value has been determined, one winner will be selected at random from all valid eligible entries.

The winner will be selected using either:

Evidence of the random selection process will be retained. Every valid eligible entry included in the final entrant pool will have the same chance of being selected. The winner will not be predetermined during the experiment.

  • A verifiably random computer process; or
  • An independent person supervising the draw

20. Winner Announcement

The winner will not be selected, contacted or announced until The £50 Experiment has concluded: when the £500 experiment target is reached or the 10-year experiment end date is reached, whichever occurs first.

After conclusion:

  1. The final experiment value will be determined.
  2. The final GBP cash prize will be calculated.
  3. The random winner-selection process will take place.
  4. The selected winner will be contacted.
  5. The winner's eligibility will be verified.
  6. The prize will be paid.
  7. The winner may then be publicly announced where appropriate and permitted.

21. Winner Notification

The selected winner will be contacted through: [METHOD OF CONTACT], using the account or information associated with their entry.

The winner must respond within: [NUMBER] days of receiving the notification. The Promoter may request reasonable evidence necessary to verify eligibility.

If the selected winner does not respond within the stated period, cannot be contacted, cannot demonstrate eligibility, or is found to have breached these terms, the Promoter may select another winner using the same random process.

22. Prize Payment

The prize will be paid in GBP using: [BANK TRANSFER / OTHER METHOD]

Payment will be made within: [NUMBER] days after the winner has been verified and provided the information reasonably required to make payment. The winner will not receive the underlying cryptocurrency.

23. Scam and Impersonation Warning

ORION RICH will never require the winner to:

There is no fee to claim the prize. Entrants should be cautious of impersonation accounts and fraudulent messages claiming to represent ORION RICH.

  • Send money or cryptocurrency
  • Provide a cryptocurrency wallet seed phrase or private keys
  • Purchase cryptocurrency or make an investment
  • Pay a release fee or withdrawal fee
  • Use an exchange referral link

24. Exceptional Circumstances

Circumstances outside the Promoter's reasonable control may affect the experiment. These may include:

Where such circumstances occur, the Promoter will apply the predetermined contingency provisions established for the experiment and act reasonably in administering the giveaway. Material changes affecting entrants will be communicated where reasonably possible.

  • The underlying asset becoming untradeable
  • Trading suspension
  • Exchange failure
  • Market closure
  • Technical failure
  • Loss of reliable pricing information
  • Regulatory restrictions
  • Network or blockchain failure
  • Other events preventing the experiment from operating normally

25. Fees and Costs

The final realised value of the experiment may be affected by legitimate transaction costs associated with concluding the underlying position. These may include trading fees, spreads, currency conversion costs and network fees where applicable.

The final prize will be based on the final realised GBP value determined in accordance with the experiment rules.

26. Taxes

The winner is responsible for determining whether receiving the cash prize creates any personal tax obligations. The Promoter does not provide tax advice.

27. Privacy and Data

Personal information collected in connection with the giveaway will only be processed where reasonably necessary to:

Because The £50 Experiment may continue for up to 10 years, information necessary to administer the giveaway may need to be retained for an extended period where legally permitted. Further information will be provided through the ORION RICH Privacy Policy.

  • Administer the giveaway
  • Maintain the eligible entrant pool
  • Verify eligibility
  • Select the winner
  • Contact the winner
  • Deliver the prize
  • Prevent fraud
  • Meet applicable legal obligations

28. Social-Media Platforms

The giveaway is operated independently by ORION RICH. Unless expressly stated otherwise, it is not sponsored, endorsed, administered by or associated with Instagram, TikTok, Meta or any other social-media platform on which the giveaway is promoted.

29. Disqualification

The Promoter may reasonably disqualify entries involving:

Any disqualification decision will be made reasonably and fairly.

  • Automated entry
  • Fake accounts
  • Multiple accounts used to circumvent entry restrictions
  • Fraud
  • Manipulation
  • False eligibility information
  • Attempts to interfere with the giveaway or winner selection
  • Material breaches of these terms

30. Changes to the Giveaway

The Promoter does not intend to change the material rules after the giveaway begins. If circumstances outside the Promoter's reasonable control make the giveaway impossible to administer as originally intended, reasonable changes may be made where legally permitted. Any material changes affecting entrants will be communicated transparently where reasonably possible.

31. Governing Law

These terms are governed by the laws of England and Wales. Nothing in these terms removes any mandatory rights available to entrants under applicable law.

32. Summary of the Experiment

Starting amount: £50 Experiment target: £500 Maximum duration: 10 years Underlying asset: Undisclosed while active Entry: Free Purchase required: No Investment required: No Entries close: [DATE/TIME] Winner selected: Only after the experiment concludes Experiment concludes: £500 target reached OR 10-year end date, whichever occurs first Prize: Final realised GBP value determined under the experiment rules Prize paid as: GBP cash

33. Important Notice

The £50 Experiment uses the Promoter's own money. Entrants are not required to make an investment or purchase cryptocurrency. The winner receives a cash prize rather than ownership of the underlying cryptocurrency.

£500 is an experiment target and is not a guaranteed prize, guaranteed return or promise that £50 will become £500.

The value of the experiment may rise or fall. The £500 target may never be reached. If the target is not reached, the experiment will conclude on its stated 10-year end date and the prize will be calculated according to the final realised value under the experiment rules.

These terms are currently a draft and should receive appropriate UK legal and regulatory review before the giveaway is launched.