Masternode Competition — Part One

Alayne
ShareRing
Published in
7 min readFeb 18, 2019

Exciting news for our ShareRing community. We’ve had a huge amount of interest and been inundated with messages from the Masternode competition we recently announced. In order to be fair to all the suggestions made, we have decided to spice things up!

ShareRing has five Masternodes up for grabs.

But there is a catch…

Every competition is going to run a little differently with all announcements to be made across socials so be sure to stay tuned!

To kick things off, our first Masternode up for grabs will include $40k USD worth of SHR based on token sale price (2,000,000 SHR) to operate the Masternode.

This competition is open to anyone, whether you have 1 SHR or 100,000 SHR! All you have to do is hold onto your SHR in an Ethereum address where you control the private key.

Every day you hold your SHR without selling you get one entry into the draw. Hold for the whole seventy-one days and you get the maximum amount of entries of seventy-one days!

Competition commences 18th Feb 2019–30th April 2019 = 71 days! During this time you must register your entrance into the competition by emailing hello@sharering.network with your wallet address.

But here is the real twist…

- If you choose to sell any SHR during these seventy days, your number of entries goes back to zero.

- Number of entries is calculated from the day you last sold tokens until closing date of 30 April 2019.

- The winner will be drawn randomly. Just remember the longer you hold = more entries = more chances of winning!

- This is an extremely rare opportunity to own a fully loaded Masternode.

Good luck!

Must know:

1. Entrants must email their wallet address to hello@sharering.network before 30 April 2019

2. Competition opens 18 February 2019 at 13:00 GMT+2

3. Competition closes 30 April 2019 at 13:00 GMT+2

4. ShareRing will look into each individual wallet entered into the competition.

5. Holding SHR on Dx.Exchange will not qualify, you must transfer your purchased SHR to your Ethereum address where you own the private key.

6. The winner must complete KYC (know your customer) if they win.

7. ShareRing will randomly select the winner.

8. Winner to be announced across socials.

9. Masternode is awarded.

10. The 2,000,000 tokens will be locked to the Masternode. You will not be able to withdraw these tokens at all.

11. You will be entitled to all earnings from the Masternode, based on a staked amount of 2,000,000 tokens.

12. You may choose to stake additional tokens on your Masternode.

13. Your Masternode will be supplied within 3 months of the competition end date.

14. If purchased SHR on DX.Exchange, you must transfer your SHR to ETH wallet address

Terms and Conditions:

  • The Promoter is ShareRing Holdings, Malta.
  • Information on how to enter and prizes forms part of the terms of entry. Entry into the competition is deemed acceptance of these terms and conditions.
  • If there is any inconsistency between these Terms and Conditions and anything else that refers to this competition, these Terms and Conditions will prevail.

Who can enter:

  • Those who are holding their ShareToken (SHR) in their Ethereum wallet address where the owner owns the private key.

When to enter:

  • Enter the competition via the instructions provided.
  • Entries must be received within the duration of the competition at the specified time given.
  • Time of entry will be taken into consideration based on each specific campaign.
  • The promoter accepts no responsibility for any late, lost or misdirected entries including incorrect ETH address, GAS limit, or delays in the functionality of the token sale smart contract or Ethereum network.

How to enter:

  • Entrants may enter the competition by holding their SHR in an Ethereum address they control.
  • Entrants may enter the competition by already holding SHR in their Ethereum wallet.
  • If entrants purchased SHR on DX.Exchange, they must transfer their SHR to their Ethereum wallet address.
  • Entrants must email their Ethereum wallet address to hello@sharering.network before 30 April 2019.
  • Competition runs from 18 February 2019 13:00 GMT+2 to 30 April 2019 13:00 GMT+2.
  • Number of entries is calculated from the day you last sold tokens until close date of 30 April 2019.
  • If you choose to sell any SHR during these seventy days, your number of entries goes back to zero.
  • Winner to be drawn at random and to be announced across socials.
  • The 2,000,000 tokens will be locked to the Masternode. You will not be able to withdraw these tokens at all.
  • You will be entitled to all earnings from the Masternode, based on a staked amount of 2,000,000 tokens.
  • Your Masternode will be supplied within 3 months of the competition end date.
  • Entrants are required to take full responsibility for the content of their entry and for ensuring that their entry complies with these Conditions of Entry. For the purposes of these content requirements, “entry content” includes any content (Ethereum wallet address etc.) that entrants submit, upload, transmit, publish, communicate or use in connection with their entry into this competition.
  • The promoter reserves the right to disqualify any entrant who tampers with the entry process, who submits an entry that is not in accordance with these Terms & Conditions of Entry or who has, in the opinion of the promoter, engages in conduct in entering the Promotion which is fraudulent, misleading, deceptive or generally damaging to the goodwill or reputation of the competition or promoter. This includes, but not limited, to entrants and households using multiple email addresses, postal addresses, PO Box addresses or SIM cards to register single or multiple purchases.

Number of Entries Permitted:

  • Up to 71 entries per wallet address.

Draw and Notification of Winner:

  • The first single Masternode winner will be drawn at random.
  • The more days SHR is held, the more entries into the drawing (up to 71 individual entries).
  • As the competitions continue throughout the coming weeks, the different winners of the 5 available Masternodes will be notified in a way deemed appropriate per competition.
  • The promoters decision is final and the promoter will not enter into correspondence regarding the competition result or any other decisions the promoter makes in connection with the promotion.
  • The winner/s will be notified by their registered email address within one week of drawing.
  • Prizes will be awarded to person named in the entry. However, in a dispute, will be awarded to the account holder of the entry mechanism used to submit their entry (i.e. email address).

Prize on offer:

  • Individual prize value cannot be determined, as it is dependent on the earning power of the Masternodes.
  • One winner will receive Masternode.
  • All winners will have the ongoing option to ‘stake’ more of their own tokens into the winning Masternode.
  • Prizes cannot be transferred, exchanged or redeemed for cash.
  • It is a condition of accepting the prize that the winner must comply with all the conditions of use of the prize and the prize supplier’s requirements. It is the responsibility of the winner to confirm such conditions with the prize supplier or other relevant third parties.
  • The winner/s is/are responsible for all the expenses and associated costs of hosting the Masternode.
  • By entering this competition, entrants accept and acknowledge full responsibility for their decision to participate in this prize should they be chosen as winners. The winners release the promoter and other organizers, their related bodies of corporate, affiliates, officers, agents and employees, from all liabilities, loss and damage of any kind arising at any time out of or in connection with the acceptance of, and participation in, the prize. Without limiting the foregoing, the released parties not be liable for any injury, sickness or death, property loss or damage or other direct or indirect loss or damage of any kind, howsoever sustained or incurred, in connection with or arising out of the prize or any other aspect of the prize.

Further Terms and Conditions:

  • Subject to complying with all relevant legislation, the Promoter reserves the right to amend, cancel or suspend this competition if an event beyond the control of the Promoter corrupts or affect the administration security, fairness, integrity or proper conduct of the competition. The Promoter will disqualify any individual who has tampered with the entry process or any other aspect of this competition.
  • The Promoter ShareRing and their associated companies and employees assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorised access to, or alteration of entries, and reserves the right to take any action that may be available.
  • If for any reason this competition is not capable of running as planned, including due to infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures or any causes beyond the control of the Promoter, which corrupt or affect the administration, security, fairness or integrity or proper conduct of this promotion, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, take any action that may be available, and to cancel, terminate, modify or suspend the competition, subject to any direction given under jurisdictional Regulation.
  • Entrants are responsible for any cost associated with accessing the promotional website . Access to that site is dependent on the Internet service provider.
  • If the prize is unavailable, for whatever reason, the Promoter reserves the right to cancel the competition.
  • In the case of the intervention of any outside act, agent or event which prevents or significantly hinders the Promoter’s ability to proceed with the competition on the dates and in the manner described in these terms and conditions, including but not limited to vandalism, power failures, tempests, natural disasters, civil unrest, strike, war, act of terrorism, the Promoter may in its absolute discretion cancel the competition and recommence it from the start on the same conditions.

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