Welcome to Crypto Beauties TV, a reality TV show where contestants compete in a crypto trading competition for a chance to win a cash prize (the "Show"). The Show is produced by Smooth Labs LLC (the "Producer") and is open to selected contestants who will be invited to participate in an all-expenses-paid trip for 3 months to learn and live with other contestants (the "Contestants"). Viewers and community members (collectively, "Users") can also participate in the Show by voting for their favorite Contestants through a staking mechanism using Bitcoin (the "Staking Mechanism").
Eligibility
To be eligible to participate in the Show as a Contestant, you must be at least 18 years old and meet the eligibility requirements set forth in the Contestant Application Form.
To participate in the Staking Mechanism, you must be at least 18 years old and have a valid digital wallet.
Contestant Terms
By applying to participate in the Show, you agree to be bound by these Terms of Service and the rules and regulations of the Show as set forth in the Contestant Application Form.
If selected as a Contestant, you agree to participate in the Show for the full 3-month period and to comply with all rules and regulations of the Show.
You understand that your participation in the Show is voluntary and that you will not receive any salary other than the opportunity to compete for the cash prize.
Trading Capital
The Producer will provide each Contestant with a starting capital (the "Starting Capital") to trade with during the Show.
The Starting Capital will be provided to the Contestants at the beginning of the Show and will be returned to the Producer at the end of the Show, minus any profits generated by the Contestant (the "Profits").
The Contestant will have full control over the Starting Capital during the Show and will be responsible for making all trading decisions.
The Producer will not be responsible for any losses or damages resulting from the Contestant's trading decisions.
The Contestant acknowledges that the Starting Capital is the property of the Producer and that the Contestant is only entitled to the Profits, if any, generated during the Show.
Profit Distribution
If a Contestant generates Profits during the Show, the Producer will distribute the Profits to the Contestant at the end of the Show.
The Profits will be calculated based on the net gains made by the Contestant during the Show, minus any losses or fees incurred.
The Producer reserves the right to deduct any applicable taxes, fees, or other expenses from the Profits before distributing them to the Contestant.
Staking Mechanism
The Staking Mechanism allows Users to vote for their favorite Contestants by staking Bitcoin (wrapped Bitcoin) in a smart contract (the "Smart Contract").
The yield generated with the staked capital will be used to fund the expenses of the Show.
By participating in the Staking Mechanism, you understand and acknowledge that:
You are not investing in a security or expecting any profits or returns on your stake.
Your stake is used solely to support your favorite Contestant and the Show.
There is a risk that the capital staked could be lost partially or completely due to the use of decentralized finance instruments, which are high-risk instruments.
You will not receive any interest, dividends, or other benefits on your stake.
The Producer is not responsible for any losses or damages resulting from the Staking Mechanism, including but not limited to losses due to market fluctuations, smart contract errors, or other unforeseen events.
User Terms
By participating in the Show, either as a Contestant or through the Staking Mechanism, you agree to be bound by these Terms of Service.
You understand that the Show is for entertainment purposes only and that the Producer is not responsible for any losses or damages resulting from your participation in the Show.
You agree to hold harmless the Producer, its affiliates, and its sponsors from any claims, demands, or causes of action arising from your participation in the Show.
Intellectual Property
All intellectual property rights in and to the Show, including but not limited to the format, concept, and content, are owned exclusively by the Producer.
By participating in the Show, you grant the Producer a non-exclusive, worldwide license to use your name, likeness, and image in connection with the Show.
Disclaimer of Warranties
The Producer disclaims all warranties, express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
The Show is provided on an "as-is" and "as-available" basis, and the Producer does not warrant that the Show will be uninterrupted or error-free.
Limitation of Liability
In no event shall the Producer be liable for any direct, indirect, incidental, special, or consequential damages arising out of or related to your participation in the Show, including but not limited to damages for loss of profits, business interruption, or loss of data.
The Producer's liability for damages shall be limited to the amount of the cash prize.
Governing Law
These Terms of Service shall be governed by and construed in accordance with the laws of [State/Country]. Any disputes arising out of or related to these Terms of Service shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.
Changes to Terms
The Producer reserves the right to modify or update these Terms of Service at any time without notice. Your continued participation in the Show shall be deemed acceptance of the modified Terms of Service. By participating in the Show, you acknowledge that you have read, understand, and agree to be bound by these Terms of Service.
