Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today.
Staking Rewards Overview – Hifi Finance is giving away $30,000.00 worth of MFT Tokens!
- Rewards paid out daily, weekly and once at the end of the month, May 20th
- Daily Reward - $200 in MFT split between all daily qualifying MFT holders.
- To qualify for the daily reward you must purchase and hold a balance of 20,000 MFT.
- Weekly Reward - $1,000 in MFT split between all daily qualifying MFT holders.
- To qualify for the weekly reward you must purchase and hold a balance of 20,000 MFT.
- End of Month Reward (end of contest) - $20,000 in MFT split all daily qualifying MFT holders.
- To qualify for the end of month reward you must purchase and hold a balance of 20,000 MFT.
To qualify, you must have a KYC verified CoinZoom account and an MFT Balance of greater than 20,000 MFT during the Staking Rewards.
The Hifi Finance (MFT) Staking Rewards is open to anyone 18 years of age or older as of one day prior to the start date with a KYC verified CoinZoom account and an MFT Balance of greater than 20,000 MFT during the Staking Rewards period. Void where prohibited or otherwise restricted by law. Employees of CoinZoom Inc., and their respective subsidiaries, affiliates, agents, representatives, officers, directors, shareholders and employees (collectively, “Releasees”), and each of their immediate family members (spouse and parents, children and siblings, and their respective spouses, regardless of where they live) and individuals living in the same households of each of these individuals, whether related or not, of the above are not eligible. Staking Rewards are subject to all applicable laws and rules.
- Staking Rewards Timing/Description:
Entries – 8AM EST April 20, 2021 – 8 AM EST May 20, 2021Staking Rewards calculated weekly.
- How to enter:
In order to qualify, you must have a KYC verified CoinZoom account and an MFT Balance of greater than 20,000 MFT during the Staking Rewards period.
- Determination of winners:
The winners will be selected for the daily weekly and monthly rewards based on a pro rata basis on the number of entries at the end of 24-hour period at 5 PM EST daily and weekly.Notice of deposited Staking Rewards will be made via email to the address associated with the corresponding CoinZoom account.
All taxes, and any other costs and expenses associated with reward acceptance and use not specifically stated within these Official Rules as being provided, are the sole responsibility of the winner, including, without limitation, all federal, state, and local taxes. If winner is at least 18 years of age but still considered a minor in his/her state or place of residence, reward may be awarded in the name of his/her parent or legal guardian, who will be responsible for fulfilling all requirements imposed on winner set forth herein.
- Conditions of Participation:
By entering, each entrant agrees to be bound by these Official Rules including all eligibility requirements and the decisions of the Sponsor and Judges, which are final and binding. By entering the Staking Rewards, each entrant consents to the use of his/her uploaded content, tweets, comments, likes, associated social media testimonials or endorsements, their name, image, likeness, photograph, voice, and biographical material for advertising, publicity, and promotional purposes by Sponsor, or party designated by the Sponsor, in any and all media now or hereafter devised, including but not limited to, any online announcements, worldwide in perpetuity, without additional compensation, notification, or permission, except where prohibited by law. Each entrant releases, indemnifies and holds harmless from any claims, actions, injury, loss, or damage of any kind, including but not limited to, any property damage, personal injury or death, resulting, directly or indirectly, in whole or in part, from participating in this Staking Rewards or any Staking Rewards-related activity or from the acceptance, possession, or use or misuse of a reward (including any travel/activity related thereto) or any claims based on publicity rights, defamation, invasion of privacy, breach of contract or merchandise delivery. Releasees shall not be liable for damages of any kind, including (without limitation) compensatory, direct, indirect, incidental, punitive or consequential damages; loss of data, income or profit; loss of damage to property; or any claims of third parties. Each entrant agrees that Releasees have not been made nor are in any manner responsible or liable for any warranty, representation, or guarantee, statutory, express or implied (including but not limited to, the implied warranties of merchantability, title, and fitness for a particular purpose), in fact or in law, relative to the Staking Rewards.
Sponsor will collect personal identity information from entrants solely for the purpose of the reward drawings and to notify winners. Sponsor will not share this information with any third party, except as necessary for the administration of the Staking Rewards or for promotional activities as described above. Releasees are not responsible for lost, late, illegible, misdirected, inaccurate, incomplete, undelivered, damaged, delayed, garbled, misdirected, or fail to enter into the processing system, or are processed, reported, or transmitted late or incorrectly; or for any other errors or problems of any kind, whether typographical, printing, mechanical, human, electronic, or otherwise, relating to or in connection with the Staking Rewards, including, without limitation, any error or problem that may occur in connection with the administration of the Staking Rewards, the processing of entries, the announcement of a reward, or in any Staking Rewards-related materials.Sponsor reserves the right, in its sole discretion, to cancel or suspend part or all of this Staking Rewards at any time without notice, if in Sponsor’s opinion there is any suspected or actual evidence of electronic or non-electronic tampering with any portion of the Staking being required for the Staking Rewards or if virus, bugs, non-authorized human intervention or other causes corrupt or impair the administration, security, fairness, or integrity and proper play of the Staking Rewards, including gaming and window dressing account balances solely for the purpos of earning the Staking Rewards. In the event of cancellation, Sponsor may void any staked balances it suspects are at issue and, at its discretion, if terminated, allocate Staking Rewards among all nonsuspect, eligible accounts received up to the date of cancellation. Caution: Any attempt by an entrant or any other individual to damage the web site or undermine the legitimate operation of the Staking Rewards may be in violation of criminal and civil laws and, should such an attempt be made, the Sponsor reserves the right to seek damages and other remedies (including attorneys’ fees) from any such person to the fullest extent permitted by law, including criminal prosecution. Sponsor’s failure to enforce any term of these Official Rules shall not constitute a waiver of that or any other provision. Sponsor’s failure to enforce any term of these Official Rules shall not constitute a waiver of that or any other provision. Sponsor reserves the right to disqualify entrants who violate these Official Rules or interfere with this Staking Rewards in any manner.
Except where prohibited, all issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of the entrant and Sponsor in connection with the Staking Rewards, shall be governed by, and construed in accordance with, the laws of the State of Utah, without giving effect to any choice of law or conflict of law rules (whether of the State of Utah, or any other jurisdiction), which would cause the application of the laws of any jurisdiction other than the State of Utah. Jurisdiction and venue shall be solely within the State of Utah.
Except where prohibited by law, as a condition of participating in this Staking Rewards, participant agrees that (1) any and all disputes and causes of action arising out of or connected with this Staking Rewards or any Staking Rewards distributed, shall be resolved individually, without resort to any form of class action, and exclusively by final and binding arbitration in Salt Lake City, Utah under the Utah Arbitration Act, Title 78B, Chapter 11 of the Utah Code. Upon notice of a timely civil claim, the parties will agree upon an arbitrator or, if unable to agree, will seek court appointment of an arbitrator pursuant to the Utah Arbitration Act, Utah Code Ann. § 78B-11-112; (2) the Utah Arbitration Act shall govern the interpretation, enforcement and all proceedings at such arbitration; and (3) judgment upon such arbitration award may be entered in any court having jurisdiction. Under no circumstances will participant be permitted to obtain awards for, and participant hereby waives all rights to claim, punitive, incidental or consequential damages, or any other damages, including attorneys' fees, other than participant's actual out-of-pocket expenses (i.e., costs associated with participating in this Staking Rewards and participant further waives all rights to have damages multiplied or increased. Participant agrees to submit to binding arbitration in the jurisdiction in which they reside if this provision is deemed prohibited for any reason.
- Sponsor and Administrator:
The Sponsor of this Hifi Finance Staking Rewards is CoinZoom, Inc., 4640 S Holladay Village Plaza #206, Salt Lake City, UT 84117.©Copyright 2021. All Rights Reserved.