Terms of Use and Risk Notifications of the LTC winner website

1. Introduction

These terms and conditions (hereinafter the“Terms”) describe information applicable to the use of the https://ltcwinner.com website and its services. By using the Website or its related services, including Referral Program and Ticket purchase process, you expressly agree to be bound by all of the terms and conditions set forth. In accepting this agreement, you acknowledge that you have read this agreement, understand it, and had an opportunity to seek independent legal advice prior to agreeing to it. You also warrant that you are at least 18 years old and have full capacity to contract under applicable law; only transacting on https://ltcwinner.com with legally-obtained funds that belong to you; not furthering, performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your relationship with us or through your use of https://ltcwinner.com; and, comporting with and obeying all applicable laws. At any point, if you do not agree to any portion of the current Terms, you should not proceed to use the Website, the Referral Program or participate in the Ticket purchase. LTC Winner has the right to review and amend the current agreement at any time without notice.

2. Terms and Definitions

In the present document, the following terms shall have the meaning specified below:
“Litecoin” or “LTC” means the digital currency and payment system using peer-to-peer transactions verified by network nodes and recording in a public distributed ledger.
“Blockchain” – a distributed database that maintains a continuously growing list of ordered records called blocks. By design, blockchains are inherently resistant to modification of the data — once recorded, the data in a block cannot be altered retroactively.
“Escrow” – money held by a third-party entity on behalf of transacting parties.
“Player”(“User”) – a person participating in the lottery for the purpose of entertainment, including but not limited to winning a prize. Once a Player creates an account on the LTC Winner Website and confirms his email, he or she becomes a “Registered Player”.
“Purchaser” – legal or natural person participating in the Ticket purchase.
“Referred player” – someone who has been referred to LTC Winner by a Registered Player. A person becomes a Referred Player by clicking on a Registered Player’s unique referral link and creating a new account on the LTC Winner Website (“Referred Account”).
“Service” (“System”) – LTC Winner blockchain lottery platform at https://ltcwinner.com
“Ticket” – a record of participation in the System with a range of functionalities programmed in the Smart Contract System.
“Ticket sale” – a process in which a new ticket is purchased for the competition.
“Website” – the website on the Internet at  https://ltcwinner.com

3. General provisions

The Service provides the Players with the opportunity to participate in a lottery by transferring their money to a Litecoin wallet and purchasing Tickets. The aforementioned relationships between the Service and Players as well as the development, programming and issuance of the Smart Contract System, managing and executing marketing programs, operation of user interfaces by the company and/or individuals providing services (“Workshop”) and its advisors and affiliates as well as any use and allocation of funds transferred to the Smart Contract System are regulated exclusively by the Smart Contract System to the Workshop and / or third parties and no other terms shall be relevant or can be relied upon.

4. Status of these Terms

4.1. The purpose of these Terms is to explain the functionality Service and to notify the persons who intend to enter into the relations with Service about the risks connected with the use of Service, as well as about the risks connected with participation in the lottery.
4.2. The list of risks specified in these Terms is not comprehensive, as well as it may not contain those risks which cannot be predicted at the present moment. If you are not sure that you can estimate the probability of occurrence of such risks by yourself, you are advised to contact an appropriate specialist (a lawyer, an auditor, an adviser or a programmer) before making a decision about entering into the relations with the Service.
4.3. Reviewing these Terms does not substitute reviewing the Blockchain system. By transferring Litecoins to the Service you confirm that you have read the Blockchain system instructions and fully and unconditionally agree with the conditions hereof.
4.4. You may not take legal actions against any Players and/or the Service connected with using of Service, including, but not limited to claims based on the fact that you did not read nor did not understand the terms and conditions of the Blockchain system.
4.5. These Terms might be amended and/or updated in the future. The relevant Terms are the ones showed on the Site. In order to obtain the most complete and current information regarding the Service you should periodically review this section.

5. Guarantees of the Player

By using the Service the Player guarantees that:

5.1. By purchase of Tickets using Litecoin the Player expressly agrees to all functionality set forth in Service Code and the notification made in these Terms, which is incorporated by reference herein. The Player further confirms to have carefully reviewed the Service Code and these Terms and fully understand the risks and costs of contributing into the Service;
5.2. The Player has a deep understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with Litecin (LTC) and blockchain-based software systems;
5.3. The Player waives the right to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the creation of Tickets;
5.5. The Player understands that the transfer of Litecoins to the Service and the operation of the Services carries significant financial, storage, regulatory and reputational risks as further set forth in the Terms;
5.6. The Player understands that Litecoins transferred to the Service can be transferred to individuals and/or entities which provide services for the development of Services, for marketing and operation of the Services;
5.7. The Player understands that the Player has no right against any party whatsoever to request any refund of the Litecoins submitted to the Service for the creation of the tickets under any circumstance;
5.8. The Player understands that Tickets are not designed to form any form of currency, that no market liquidity may be guaranteed and that the value of Tickets over time may experience extreme volatility or depreciate in full; he/she has sufficient legal capacity in accordance with the law to enter into Service;
5.9. The Player understands that he/she is not going to enter the Blockchain System and/or to use Player`s wallet or Tickets for the purpose of avoidance of bans and/or restrictions put on it by the law, as well as not to use the Blockchain Systems with the aim of creating speculative, misleading and/or fraudulent schemes;
5.10. Player understands that he/she has no right to create more than one account on Service. If Player is found out creating more than one accounts or creating a referral network of their own accounts, or any other cheating, all his accounts will be blocked and winnings are transferred to the prize Fund.

6. Entry to and Execution of Service

6.1. Tickets do not originate and do not provide any rights for participation in property, joint stock or authorized capital of any associations, partnerships, companionships or any other forms of legal entities of whatever jurisdiction. Tickets cannot be used as any kind of security.
6.2. Tickets do not provide their holders with any additional rights in material, as well as non-material nature, except for those rights that are stipulated by the Service. Tickets allows the holders to participate in lottery.
6.3. The execution is nominated in Litecoin and is provided automatically at the occurrence of the terms specified in the Blockchain. The Players of the Lottery understand and accept that they are not able to challenge the data in the System or ask for the reimbursement for the Service or any other reimbursement.

7. Formation and Distribution of the Prize fund

7.1. Every payment for purchasing ticket is distributed by the System according to the following proportion: 98 % of the ticket cost goes to the Jackpot fund;  the remaining 2% goes to the management fee and referral rewards.
7.2. Every month the Service raffles a draw among Players that bought tickets in this day. A Player wins when they are picked at random. Split table is set forth below.

Match Prize Split
1 Jackpot 1 79%
2 Jackpot 2 19%
3 Managment fee 2%

7.3. The process of determination of the winning is at random.
7.4. If a Player`s ticket wins in accordance with the table described above, the corresponding amount of LTC is transferred to the Player`s wallet address under his/her account.
7.5. For further disposal of winning amount, all Players can view the winning transaction on the Blockchain.

8. Notification About Risks

The Player understands and accepts the risks in connection with transferring Litecoins to the Service and creating Ticket as exemplary set forth above and hereinafter. In particular, but not limited, the Player understands the inherent risks listed hereinafter:
8.1. Risk of software weaknesses: The Player understands and accepts that the Blockchain System concept, the underlying software application and software platform is still in an early development stage and unproven, why there is no warranty that the process for creating tickets will be uninterrupted or error-free and why there is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of Litecoins.
8.2. Regulatory risk: The Player understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing blockchain technology-based applications, which may be contrary to the current setup of the System and which may, inter alia, result in substantial modifications of the Service, including its termination and the loss of Litecoins or tickets for the User.
8.3. Risk of abandonment/lack of success: The Player understands and accepts that the creation of the Tickets and the development of the Service may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). The Player, therefore, understands that there is no assurance that, even if the Services are partially or fully developed and launched, the User will receive any revenues through the Tickets held by him.
8.4. Risk of Loss of private key: Litecoins in account wallets can only be accessed with a wallet seed or combination of private key and password. The private key is encrypted with a password. The Player understands and accepts that if his wallet file or password respectively his private key got lost or stolen, the obtained Litecoins associated with the Player’s Wallet or password will be unrecoverable and will be permanently lost with the wallet seed.
8.5. Risk of theft: The Player understands and accepts that the Service concept, the underlying software application and software platform may be exposed to attacks by hackers or other individuals that that could result in theft or loss of Litecoin or tickets, impacting the ability to develop the Services.

9. Referral / Affiliate program

9.1. For the purpose of attracting new Players, the Service introduces Referral program (hereinafter the “Program”). The Program provides Players with the opportunity to refer other individuals to join the LTC Winner Service as new Players.
9.2. To be eligible to participate in the Referral Program as a referrer, a Player must be registered on the LTC Winner Website and confirm his email. Under the Program, the System provides a Player with a unique referral link that can be distributed to other individuals to become Referred Players. Referrers are provided with a personal “Refer-a-Friend” page to check the status of his/her Referrals and to manage his/her rewards – https://ltcwinner.com/affiliate
9.3. In order for a new Player to be registered as a Referred player in the System, he must visit the Website using a referral link and create an account in the next 72 hours. Cookies must be enabled on the computer of a new Player.
9.4. After a Referred Player creates an account on the Website and confirms his email, the Referred Player get a free lottery ticket. Rules of using free lottery tickets are set forth on the Website. The Referrer will receive 2% of the Referred Players’ winnings on an ongoing basis, including the Jackpot . Also Referrer will receive 3-7 % of tickets bought by all his/her Referral network. The percentage of bonus tickets received by Referrer is dependent on the amount of tickets bought by all his/her Referral network.
9.5. All Referral Program remunerations are added automatically to the Player’s account and can be used at his discretion in accordance with present Terms and Conditions.
9.6.When distributing, promoting or communicating their Referral Code(s) the Registered Players must agree to the following restrictions:
9.6.1. No spamming. The Registered Players agree that they will not “spam” anyone with invitations to join the LTC Winner System, and that at all times they will remain compliant with all applicable laws. The following specific activities are prohibited:

  • Mass emailing, texting or messaging people they do not personally know;
  • Use of automated systems or bots through any channel to distribute, post or respond to their Referral Code;
  • Use of scripts, programmed or automatic dialers to send invites or to communicate Referral Codes;
  • Posting referral codes on event or venue pages without express permission from the owner.

9.6.2. No misrepresentations. The Registered Players agree they you will not attempt to mislead anyone in connection with the Referral Program, either by affirmative representation, implication, or omission. In particular, they agree that they will not:

  • Impersonate any person or entity;
  • Create fake accounts, blogs, webpages, profiles, websites, links or messages;
  • Misrepresent their relationship with LTC Winner or any other third party;
  • Suggest that an affiliation or partnership exists with a third party where none exists.
  • Make misrepresentations with respect to the characteristics or qualification requirements for any referral rewards.

9.6.3. No prohibited content. The Registered Players agree that they will not use the LTC Winner brand in connection with:

  • Disparaging or defamatory content concerning LTC Winner or third parties;
  • Content which promotes racism, bigotry, hatred, discrimination or physical harm of any kind against any group or individual;
  • Offensive, abusive, intimidating or harassing content;
  • Content that is sexually explicit, obscene and/or contains nudity;
  • Any political and/or religious statement;
  • Content containing images or reference to drugs, alcohol, tobacco, weapons or firearms;
  • Content that violates someone else’s privacy.

9.6.4. Other restrictions. The Registered Players also agree that they will not:

  • Open accounts with their affiliate links and with a single IP address;
  • Create websites, domains, URLs, social media handles or email addresses containing the word “LTC Winner”;
  • Engage in fraudulent activity.  The Registered Players agree that they and their referrals will not defraud or abuse (or attempt to defraud or abuse) LTC Winner, the terms of the LTC Winner Referral Program, or any invited users.

9.7. The System reserves the right to disqualify any Player and/or cancel any Reward(s) it finds to be violating these Terms and Conditions. Referrals generated by a script, macro or other automated means will be disqualified.


10. Taxation

The Users bears the sole responsibility to determine if the contribution to and receipt from the Smart Contract System, including but not limited to the acquisition of Tokens, change of the Token’s value with the course of time and the receive function of the Smart Contract System shall be a taxable event for the User. The Users bear full responsibility for timely and correct calculation and payment of all taxes due in accordance with the legislation applicable to the Users. The Service is not a tax agent of the User, as well as it does not advise the User on the order of calculation and/or the payment of taxes.

11. No Forward-Looking Statements

11.1. Nothing in the Service, in the Terms or in any statements or information contained on the Website at any moment, or in any means of communication of the Service (including but not limited to the publications in social media, as well as the statements or declarations made by inter alia the representatives of the Service, notwithstanding whether they had been made personally or on behalf of the Service), notwithstanding the time of their occurrence, shall be construed as the guarantee of gaining profit or benefit in any other form. The Players understand that participating in Lottery may result in financial losses.
11.2. The Player understands and accepts that while the individuals and entities assigned to provide certain tasks to develop Service and Lottery will make reasonable efforts to develop, complete these tasks as well as operating the Services under any regulatory scheme, it is possible that such development may fail and Tickets become useless or valueless due to technical, commercial, regulatory or any other reasons.
11.3. Hence, User therefore understands and accepts that the transfer of LTC to the Service may result in a total loss and that Player shall not have any claim whatsoever to reclaim any LTC lost.

12. No Liability

12.1. The Player acknowledges and agrees that, to the fullest extent permitted by any applicable law, the Player will not hold any developers, auditors, contractors or founders of the Service, the Blockchain System liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use, Tickets, Services or Blockchain system under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that developers, auditors, contractors or founders of the Blockchain System and/or the Services shall not be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use of, or the inability to use of the Blockchain System and/or Services. The Player further specifically acknowledges that developers, auditors, contractors or founders of the Tokens, Smart Contract System and/or the Services are not liable, and the User agrees not to seek to hold them liable, for the conduct of third parties, including other creators of Token, and that the risk of creating, holding and using Token rests entirely with the User. By creating or holding Token, and to the extent permitted by law, the User agrees not to hold any third party (including developers, auditors, contractors or founders) liable for any regulatory implications or liability associated with or arising from the creation or ownership of Token or any other action or transaction related to the Smart Contract System.
12.2. The Service does not guarantee the permanent and uninterruptible operation of the Website and does not take any responsibility for direct, indirect, accidental, special, circumstantial or punitive damages, including but not limited to the losses in the form of lost profit for the mistakes and/or technical issues in operation of the Website, or restriction of the access to the Site on the territory of any jurisdiction.

13. Miscellaneous

13.1. The User understands and accepts that the network of miners will be ultimately in control of the Smart Contract System. The User understands that a majority of these miners could agree at any point to make changes to the official Smart Contract System and to run the new version of the Smart Contract System. Under such a scenario, Tokens will likely have no intrinsic value.
13.2. The User agrees that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.
13.3. The Terms govern the creation, transfer and holding of the Tokens and supersede any public statements about the launch of Tokens and/or the Smart Contract System made by anyone in the past, present and future.