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Terms & Conditions for Bake’s 90-Day Comeback Campaign
Terms & Conditions for Bake’s 90-Day Comeback Campaign
Updated over a week ago

Terms of Use (the “Campaign Terms”) govern your participation in Bake’s 90-Day Comeback Campaign (the “Campaign”).

These Campaign Terms supplement, and form part of, our standard terms of use, the current version of which is located at: (“Terms of Use”). Accordingly, capitalised terms used, but not defined in these Program Terms, have the meanings set out in the Terms of Use.

Please refer to our Privacy Policy for information on how we collect, use and disclose information from our customers. You acknowledge and agree that your use of the Services is subject to our Privacy Policy.

As used herein, “Cake Pte. Ltd” refers to a specific company of the Bake Group of companies (hereinafter - “Bake/we/us”) mentioned below, depending on Participant’s residence, place of registration and/or nationality.

1. Description

1.1 The Comeback Campaign seeks to encourage more active engagement in our Products and Services in keeping with Bake’s 90-day Comeback Campaign. The Campaign allows you to elect to participate in receiving rewards when you engage with our Services in accordance with the requirements and manner as set out herein.

2. Campaign Period

2.1 The Campaign will begin on 29 May 2024, GMT +8, and will conclude on 26 August 2024 GMT +8.

3. Eligibility

3.1 The Campaign is open to all users of Bake (“Bake”, we”, or “us”) who has an active account (meaning it is not suspended or restricted), and who is not a resident of jurisdictions excluded from Bake’s services.

3.2 The following individuals are not eligible to participate in the Campaign:

a. Permanent and contract employees of the Cake Group; and

b. Former permanent and contract employees of the Cake Group.

3.3 To remain eligible for the Campaign, you must follow these Terms at all times.

3.4. If you are disqualified from the Campaign, your participation will be terminated, and we reserve the right to receive from you a full refund of any rewards you have attained by deducting the same from your account balance accordingly. In such an instance, we will give you prior written notice of a period of our determination before effecting any such refunds.

4. Participation

4.1 To qualify as a participant (referred to individually as a "Qualified Participant" and collectively as "Qualified Participants"), the User must successfully engage in the following activities and take the following steps during the Campaign Period:

a. Users must engage in Trading, Staking, and Smart Bundle buys on the Bake platform.

b. Meet the minimum Staking, Trading and Smart Bundle purchase thresholds as stipulated in these Terms and Conditions.

4.2 Volumes transacted on our Platform will be tracked from 27 May 2024 GMT +8 and will conclude on 26 August 2024 GMT +8.

5. Rewards

5.1 As part of the Campaign, Qualified Participants will be entitled to participate in a Weekly Draw where a chance will be given to win rewards.

5.1.1 To qualify for the weekly draw as well as a chance to win $500, Participants must do the following:

a. Stake at least $500 worth of digital assets, and keep it staked until the end of the Campaign period.

b. Generate $500 in transaction volume on Bake, including swapping, buying, and selling single assets, smart bundles, custom bundles, as well as setting up of recurring buys.

5.1.2 Winners will be informed every week via email (“Redemption Notification”).

5.1.3 Any Rewards granted will be automatically credited to the Winners’ Bake accounts in DFI without a lockup period without qualification, and no other arrangements will be made in respect of the crediting of the Rewards.

5.2 Qualified Participants will also be entitled to participate in a chance at winning a Grand Prize.

5.2.1 At the end of the Campaign, the top 10 users by transaction volume will win a share of Bake’s campaign earnings.

5.2.2 The prize distribution is as follows:

- 1st place: 15% of Bake’s campaign earnings.

- 2nd place: 10% of Bake’s campaign earnings.

- 3rd place: 5% of Bake’s campaign earnings.

- 4th to 10th place: 1% of Bake’s campaign earnings each.

6. Transaction Volume

6.1 Transaction volume refers to the total value of assets traded on Bake, including swapping single assets, buying and selling single assets (FIAT and digital assets), buying and selling smart bundles, custom bundles, and setting up recurring buys.

An example of the calculation of the Transaction Volume is as illustrated below:

Buying $200 worth of digital assets with Fiat currency, swapping $200 of Fiat currency into another digital asset, and selling $100 worth of a digital asset will then generate $500 in transaction volume.

7. Referral Boost

7.1 As part of the Campaign, the Participants are also encouraged to refer new users, the terms and methodology of such referrals are as set out in the main Terms and Conditions. When a Participant refers new users to Bake, the transaction volume generated by the new users will be added to the referrer’s total transaction volume, which is intended to boost the referrer’s chances of climbing the leaderboard and winning rewards.

8. Disqualification

8.1 The Participant acknowledges and agrees that if they unstake or remove their funds, they will be disqualified from the weekly draw until they restake $500 worth of any digital asset.

8.2 Only new funds added to staking from 29 May 2024 GMT +8 qualify for the lucky draw. If funds were staked before the campaign, an additional $500 worth of assets must be added to qualify.

8.3 The Participant acknowledges and agrees that if they are deemed by Bake to have tampered with the entry process, engaged in any fraud or material abuse of this Campaign, or the operation of the Campaign, we may in our sole discretion take any actions we see fit in the circumstances, which would include, but not be limited to the disqualification of any Participant without notice or recourse in relation to the same.

8.4 The Participants acknowledge and undertake that they will not share the bundle builder beta link during the beta testing phase. In the event that the Participant has been deemed to have shared the bundle builder beta link during the beta testing phase, clause 8.3 will apply and the Participant may be disqualified, and may be subject to any other recourse to be determined at the sole discretion of the Company.

9. Communication

9.1 Participants must enable notifications in the Bake app under settings to receive updates and announcements related to the Campaign.

9.2 Bake undertakes to send across weekly emails to inform Participants about their task completion status as well as the Participant’s transaction volume.

10. Changes

10.1 We may update or amend the Terms of Use, Campaign Terms, Site, Services, any Campaign Rewards, fees charged in connection with the Services or other elements of the transactions contemplated by these Campaign Terms at any time and from time to time (“Changes”). We may make Changes for any reason or no reason. These Changes may make your participation in the Campaign more or less valuable to you and may result in you no longer being eligible to participate in the Campaign. Please be informed that your continued participation in the Campaign following a Change will constitute your binding acceptance of the Change.

11. Liability

11.1 In addition to the Limitation of Liability set out in the Terms of Use, Bake also assumes no liability or responsibility for and shall have no liability or responsibility for any losses directly or indirectly arising out of or related to:

11.1.1 these Campaign Terms;

11.1.2 the 90-day Comeback Campaign and your participation in it;

11.1.3 any breach of these Campaign Terms

11.1.4 any failure by you to comply with applicable laws (including laws governing privacy or electronic messaging, disclosure laws, etc.);

11.1.5 any negligent or intentional acts or omissions by you;

11.1.6 any technical issues or failures that may affect your ability to participate in the Campaign.

11.2 You hereby agree to release the Bake from liability for any and all losses, and you shall indemnify and save and hold the Bake harmless from and against all losses. The foregoing limitations of liability shall apply whether the alleged liability or losses are based on contract, negligence, tort, unjust enrichment, strict liability, violation of law or regulation, or any other basis, even if the Bake have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.

12. Term

12.1 Your participation in the Campaign, and the application of these Campaign Terms commence when you sign up for the Campaign and Stake, Trade or purchase the Smart Bundles. These Campaign Terms will apply indefinitely after that, until your participation in the Campaign ends. If your participation in the Campaign ends, all Rewards will end on the same date. These terms will continue to apply after your participation in the Campaign ends.

12.2 The Terms of Use apply in their entirety to these Campaign Terms.

13. Contact Information

13.1 For any questions or concerns regarding the Campaign, please contact Bake support at: [email protected]

By participating in the 90-Day Comeback Campaign, you acknowledge that you have read, understood, and agree to these Terms & Conditions.

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