Quote from: docthusinh on May 04, 2019, 09:27:52 AM

Hi,

Please post a T&C section on the Lambo event, especially on the payment of prize, some questions I have in mind and probably other users too:

All terms are already displayed on the site as it is a no catches contest.

Quote from: docthusinh on May 04, 2019, 09:27:52 AM

1. Can the winner stay anonymous? Assume it is a yes, then what is the reward if he post that in this forum (proof of winning/ proof of payment made).

Of course, they can stay anonymous. This is Bitcoin.

Quote from: docthusinh on May 04, 2019, 09:27:52 AM

2. If the answer for above question is NO then how do you verify the winner, is that only by the account name, account id and email should be enough or it need some kinds of KYC?

See above.

Quote from: docthusinh on May 04, 2019, 09:27:52 AM

3. How long in time should be legit for the winner to claim his win, starting from the result announcement date? i.e: I am purchasing one ticket now, and by the time it has result I am away from the site and will not check my email for months after that...and if I win (just an example). And finally, if the winner did not claim his lambo after the deadline, then how will the prize upto? Will be there another draw conducted to get the new winner or where it will go, since the prize is huge I assume the site would do that (repeat the drawing processing) until there is a legit winner claim his prize.

We'll send them an email telling them they have won and asking how they would like the prize delivered. If after a few days they haven't answered we'll credit the BTC equivalent of the Lambo to their account.

Quote from: docthusinh on May 04, 2019, 09:27:52 AM

4. Assume payment made in Bitcoin instead (probably everyone will choose this option), what is the exchange and time of payment/time of winner announcement to base on to get quote for conversion from USD to BTC and it that amount pay in full or it shall less the transaction fee?

It says on the Golden Ticket page.

Quote

The winner can also opt to receive US$200,000 in lieu of the car, paid in bitcoins using the exchange rate after the lottery drawing has been done.

That means the Bitstamp rate at the time the Bitcoin network mines the block that picks the winner.

As for the transaction fee if the winner decides to withdraw, are you being serious?

Quote from: docthusinh on May 04, 2019, 09:27:52 AM

5. Will the ticket price & wagering requirement will increase/decrease as if BTC price drop below $5000/$2500 or will decrease if the BTC price jump upto $10000/$20000 (as what is applied to free claim / wagering RP award)? i.e 500k sat & 25k sat per ticket with current price of $5000 or above shall be 1000k & 50k sat per ticket as if the BTC price drop below $5000 mark.

No. Everything is set for the duration of the contest.