Terms and Conditions Explained
1. Initiative Overview
The Learn & Earn program by OKX Australia incentivizes users to expand their crypto knowledge by offering Bitcoin (BTC) rewards for completing educational quizzes. Key details:
- Organizer: OKX Australia Pty Ltd ("OKX").
- Reward: Bitcoin distributed based on quiz performance.
- Objective: Promote financial literacy while rewarding engagement.
2. Campaign Period
- Each quiz topic has a defined Campaign Period (start/end dates).
- Rewards may close early if the Total Available Reward pool is depleted.
3. Eligibility Criteria
✅ Who Can Participate?
- Legal residents of Australia with an active OKX account.
- KYC verification required (processing time: up to 5 business days).
❌ Exclusions:
- OKX employees, affiliates, or their families.
- Sub-accounts or users from other OKX regions.
4. Reward Mechanics
4.1 Total Available Reward
- Fixed AUD-denominated pool per topic, converted to BTC at distribution.
- First-come, first-served basis for perfect quiz scores (100%).
4.2 Distribution Timeline
- Credited to verified accounts within 48 hours of quiz completion.
- Delays possible due to technical issues.
General Terms & FAQs
Key Policies
- Compliance: Adherence to OKX Australia’s Terms of Service is mandatory.
- Amendments: OKX may modify/terminate the program with 3-day notice.
- Taxes: Reward recipients bear all tax liabilities.
Fraud Prevention
OKX monitors for:
- Multi-accounting, fake KYC, or wash trading.
- Violations result in disqualification without notice (if legally permitted).
Risk Disclosure
⚠️ Volatility Warning:
- Crypto prices fluctuate sharply.
- Past rewards ≠ future value at distribution.
FAQs
Q1: How do I check my KYC status?
A: Log into your OKX account and navigate to the verification dashboard.
Q2: Can I retake a quiz if I fail?
A: No. Only first attempts with 100% scores qualify.
Q3: Are rewards taxable in Australia?
A: Yes. Consult a tax advisor for reporting requirements.
Q4: What happens if OKX ends the program early?
A: Completed quizzes remain eligible per original terms.
Q5: Why hasn’t my reward arrived after 48 hours?
A: Contact OKX support for delayed distributions.
👉 Visit OKX Australia’s support page
Final Notes
OKX reserves exclusive rights to interpret these terms. Campaign errors or omissions may occur but will be addressed transparently.
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