Blinko Terms & Conditions
General:
Blinko, a promotion (“Promo”) offered by Choice (“Choice”), is exclusively available to Eligible Current Customers of Choice residing in the 50 United States and Guest Users aged 18 or older.
Definitions:
- Eligible Current Customer: A Participant who holds a current and in-good-standing account with Choice and meets the eligibility criteria for the Blinko promotion.
- Guest User: An individual Participant who does not have a current account with Choice but has been assigned an internal Choice ID and a “claims account” for participation in the Blinko promotion.
- Participants: Individuals who qualify as either “Eligible Current Customers” or “Guest Users” and are thereby eligible to receive rewards through the Blinko promotion.
- Claims Account: Also referred to as a recreational account, this is a designated account for Guest Users within the Blinko promotion, where rewards are accumulated.
- Rewards Inbox: A designated section within the Participant’s account, serving as both a rewards inbox and a recreational account, where rewards earned through the Blinko promotion are stored for Eligible Current Customers to claim immediately or at a later time.
Playing Blinko:
To start a Blinko session, eligible Participants log in and select “play Blinko.” They release a chip onto the board, earning ‘satoshis’ based on where it lands. Rewards can be claimed immediately or later, with a 13-month claim period. Participants confirm eligibility for IRA contributions if claiming immediately. Guest Users’ rewards are held until they establish a Choice Retirement Account. They must also meet IRS requirements for IRA eligibility.
Claims Accounts:
Claims Accounts, also referred to as recreational accounts, are exclusive to Guest Users. Eligible Current Customers must use their Choice Retirement Accounts rewards inbox and are prohibited from creating claims accounts. Any Eligible Current Customer found with a claims account will have it closed, and any rewards within invalidated.
Guest Users are limited to one claims account, and creating multiple accounts is considered fraudulent. In such cases, the Guest User will retain the account with the highest balance, and any additional accounts will be closed with associated rewards invalidated.
It’s important to note that if a Guest User logs in from multiple devices or a shared device, there’s a risk of losing rewards. While Choice endeavors to maintain the link between Guest Users and their claims accounts, technical limitations beyond its control may result in lost rewards.
Claiming Eligibility:
To claim rewards, Participants must meet the eligibility criteria to establish and contribute to an Individual Retirement Account (IRA). Rewards can only be claimed in a retirement account with Choice that has not reached its annual contribution limit. Rewards are intended for current Choice customers and prospective customers interested in establishing and maintaining a retirement account with Choice in the future.
Choice reserves the right to deem any rewards in accounts established solely to receive rewards and subsequently closed or transferred out without any additional significant non-promotional funding activity within 36 months of claiming any reward as fraudulently earned (defined as contributions exceeding $100 or the amount of rewards earned, whichever is higher).
Furthermore, Choice reserves the sole discretion to disqualify any Participant from Blinko eligibility for violating these terms. Disqualification may result in the Participant being blocked from accessing Blinko and Blinko-related sections of the Choice application.
Claims Process:
To claim rewards, Participants must follow the instructions provided in the Choice application. In order to claim accrued rewards within a calendar year, Participants must be capable of contributing to their Choice Retirement Account. If unable to contribute at present, Participants may opt to “claim later,” deferring the reward to the following calendar year. Choice may or may not send reminders to Participants regarding available rewards.
All rewards will be first deposited into Participants’ Choice Retirement Accounts as US Dollar contributions, complying with IRS regulations that require IRA contributions to be in cash. These funds will then be promptly converted into Bitcoin at no cost to the Participant. The value of rewards upon claiming is subject to Bitcoin’s current value, which may vary over time.
Promotion Period:
Each Participant is limited to playing Blinko and receiving Blinko rewards once within a 24-hour period, unless additional drops are authorized by Choice. The official timekeeping device for all matters concerning the Promo is Choice’s computer system. Choice reserves the right, at its sole discretion, to grant participants additional drops within a 24-hour period. Should a participant, without authorization from Choice, claim more than one reward within a 24-hour period, Choice will consider the additional reward fraudulent and invalidate the lower-valued reward.
Reward Selection and Verification:
During the Promotion Period, Participants have the opportunity to receive a reward by dropping a Blinko chip on the virtual Blinko Board. The odds of receiving a specific reward at any location on the Board are 1 in 7. Choice retains the right to adjust the rewards available on the Blinko Board at any time, and the odds of any particular reward type appearing on the Board may vary.
Receiving a reward is subject to a Participant’s compliance with all Official Rules and any instructions in the reward notification, including completing and returning any required affidavit of eligibility and/or release of liability/publicity. If a reward cannot be granted in the form of a contribution to an IRA, if a participant cannot be reached, fails to respond to the reward notification within the specified time, does not redeem the reward before the claim period expires, or fails to meet any other requirements outlined in the reward notification, the reward will be forfeited or invalidated if it was erroneously awarded.
Limitations:
Participants must have a Choice Account in good standing or be Guest Users, as defined herein. Choice reserves the right to refuse to grant a reward if, in its sole discretion, it determines that: (1) a participant did not meet the requirements and qualifications of the Promo; (2) there may have been fraudulent activity; and/or (3) there is a violation of these Terms.
Expiration:
All rewards must be claimed within 13 months after initially becoming claimable. Blinko rewards are non-transferable and will expire if not claimed promptly. Any reward not claimed within 13 months from its initial claimable date is considered forfeited and cannot be claimed thereafter.
Reps & Warranties:
The Promo is provided “as is” without any representation, warranty, or condition, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. If you have mandatory consumer rights in your resident state that cannot be waived, these terms will not affect those rights.
Release:
By participating, you agree to defend, indemnify, release, and hold harmless Choice by Kingdom Trust and its respective parent companies, subsidiaries, affiliates, partners, representatives, agents, successors, assigns, employees, officers, and directors (collectively, the “Released Parties”) from and against any liability, loss, claims, or causes of action arising from participation in the Promo, including, but not limited to: unauthorized intervention, technical malfunctions, errors in administration, injuries, or damages caused by participation, or the awarding, receipt, or use of the Reward. You further agree that in any cause of action, the Released Parties’ liability will be limited to the cost of entering and participating in the Promo, and you waive the right to claim any damages whatsoever, including punitive or consequential damages. The Released Parties shall not be liable for failure to supply a Reward due to circumstances beyond their control.
Indemnification:
By playing Blinko, you agree to indemnify and hold the Released Parties harmless from any and all third-party claims, demands, liabilities, costs, or expenses arising from any breach of these Terms or violation of applicable law.
Dispute Resolution:
All disputes related to this Promo, including those concerning Rewards, shall be resolved through binding arbitration in Las Vegas, Nevada. The laws of the State of Nevada will govern the Promo and any disputes arising from it.
Notices:
Choice reserves the right to change the terms of the Blinko program at any time. By participating, you acknowledge that receiving payouts is not guaranteed. Please check for updates periodically.
General:
The Promo may run alongside other Choice promotions. Choice may decline requests to enroll or award Rewards at its discretion. Choice may delay Rewards for investigation purposes and may refuse transactions deemed fraudulent or suspicious. All decisions by Choice are final. Consult with a tax advisor about tax implications. The Promo is void where prohibited by law and subject to all applicable regulations. Choice may modify, suspend, or terminate the Promo at its discretion.
Choice is a platform that connects consumers with a qualified custodian and alternative assets. While Choice facilitates access to these financial products, it is not a custodian/trust company, a digital wallet provider, funding portal, a cryptocurrency exchange, and does not act as a fiduciary, in the United States or elsewhere. Choice is not FDIC-insured, does not function as a bank, and is not a licensed broker, dealer, broker-dealer, investment advisor, investment manager, and is not SIPC-insured.
Choice’s self-directed investment opportunities are not reviewed, approved, endorsed, or recommended by the IRS or any other government agency. IRA trust and custodial services are offered by Digital Trust LLC, a regulated qualified custodian and Nevada chartered trust company.