NO PURCHASE, PAYMENT, OR TRADE OF ANY KIND IS NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED BY LAW.
ELIGIBILITY: The Crypto For Good Challenge (the “Challenge”) is open to (i) individuals who are legal residents of the United States (including the District of Columbia but excluding Hawaii) (“Eligible Countries”) between the ages of 18-24 and currently or previously enrolled in an HBCU at the time of entry. Employees, temporary workers, interns, officers, and directors of Coinbase, Inc., the Center for Innovation and Education, or their affiliated companies, subsidiaries, advertising and promotion agencies, any and all other entities, directly associated with this Challenge (“Released Parties”), and the immediate family members and members of the same residing in the household of any of the above are not eligible to enter or win. Employees or officials of any government entity are not eligible to enter or win a prize. Failure to meet the eligibility requirements will result in an entry being invalid and forfeiture of any prize.
AGREEMENT TO OFFICIAL RULES: By participating, individual entrants or a team of no more than five (5) eligible individuals (collectively “Entrants”) agree to abide by and be bound by these official rules. Winning a prize (as defined below) is contingent upon fulfilling all requirements set forth herein.
HOW TO ENTER: Eligible Entrants may enter the Challenge by (i) signing-up and registering for a Base 11 Digital account, and (ii) submit your solution on the URL: https://www.base11.com/CryptoForGood (“Website”) within the Entry Period.
All required information must be provided to enter and to be eligible to win. Incomplete entries will be disqualified and void.
JUDGING: All eligible submissions will be judged by a panel of judges based on the judging criteria for both Rounds One and Two as list on the Website
Round One: Up to three (3) Eligible Entrants with the highest scores will be selected as a finalist (each individual or team a “Finalist”). The judging and final determination of the Finalists will be in the sole discretion of the judges. Finalists may be required to provide additional information at any time to remain eligible, as requested by The Released Parties.
Round Two: The Finalists selected in Round One will then present their solution submitted during the Contest Period via a live three (3) to five (5) minute presentation and an opportunity to answer questions from the same panel of judges as Round One for approximately ten (10) minutes. The judging and final determination of the winner(s) will be in the sole discretion of the judges. The Released Parties also reserve the right to award other prizes, including related to stated categories, at their discretion.
In the event of a tie in either Round One or Round Two, the tied Entrant or Finalist with the higher score in the Appropriate Use of Cryptocurrency criterion will be the winner. In the event of any conflict between the criteria stated on the Website and the criteria stated above in these official rules, the criteria on the Website shall control.
Limit one (1) entry per person or if a team entry, limit one (1) entry per team; a team may consist of up to five (5) people, all of whom must be Eligible Entrants. In no event shall more than one person, whether on a team or as an individual, submit more than one (1) entry. Any person or email address, or person who is on more than one team, that submits more than one entry will be disqualified. The Released Parties are not responsible for: lost, late, incomplete, invalid, unintelligible, illegible, misdirected entries.
INTELLECTUAL PROPERTY: All Intellectual Property (IP) in Entrants’ submission remains the property of Entrants. Entrants may choose to enter into a separate IP License agreement at the point of winner selection.
Entrants agree that: (1) their submission contains content created by Entrants and does not incorporate any unlicensed third party intellectual property; (2) Released Parties may use or redistribute the submissions for any purpose and in any way on an unrestricted basis in connection with the Challenge; (3) there is no obligation to keep any submission confidential.
Entrants understand that nothing in this Agreement will impair the Released Parties’ rights to develop, acquire, license, market, promote, sell, or distribute products, technologies, or services that compete with your submission and/or perform the same or similar functions as your submission.
WINNER SELECTION NOTIFICATION: All potential prize winners with the highest score will be selected in accordance with the Judging Criteria among all eligible entries received by Sponsor, whose decisions are final and binding. The potential prize winners selection will be on or about September 20, 2025. Prize winners need not be present to win. All prize winners may be required to sign an Affidavit of Eligibility, Release of Liability, IP License and Publicity Release form, unless prohibited by law, prior to accepting a prize. Failure to comply with any of the requirements set forth in these official rules may result in disqualification or forfeiture of the prize.
PRIZE & PRIZE CONDITIONS: All prizes and each prize’s approximate retail value (“ARV”) are displayed on the Website. Total ARV of Prizes awarded in this Challenge: $7,500 USD. Odds of winning depend upon the number of eligible entrants who enter the Challenge. Winners are subject to all applicable terms and conditions associated with the prize. The Released Parties are not responsible for lost or stolen prize elements. Winners will receive their prizes within 90 days of the winner selection.
AN ENTRANT IS NOT A WINNER OF ANY PRIZE UNLESS AND UNTIL THAT ENTRANT’S ELIGIBILITY AND COMPLIANCE WITH ALL REQUIREMENTS TO CLAIM A PRIZE HAVE BEEN VERIFIED AND FULFILLED, AND THE ENTRANT HAS BEEN NOTIFIED THAT VERIFICATION IS COMPLETE.
ALL FEDERAL, STATE, AND LOCAL TAXES ARE SOLELY THE RESPONSIBILITY OF THE WINNERS.
Winners may be required to complete required tax forms or other documents requested within the time period stipulated by the Released Parties. Any difference between the stated estimated value of the prize and its actual value will not be awarded. Winner agrees to accept the prize “as is.”
No substitution or transfer of prize will be permitted. The Released Parties reserve the right at their sole discretion to substitute the prize with another prize of equal or greater value. If there are less eligible submissions than the number of prizes, the Released Parties may modify the distribution of prizes at its sole discretion.
If a prize or prize notification is returned as unclaimed or undeliverable to the prize winner(s), if the prize winner(s) cannot be reached by the Released Parties within fourteen (14) calendar days from the first notification attempt, if the prize Winner(s) does not comply with the prize acceptance instructions within seven (7) calendar days from the first notification attempt, or the prize winner(s) is not in compliance with these official rules, then such person shall be disqualified and, at the Released Parties’ sole discretion, alternate prize winners may be selected for the prize at issue.
RELEASE AND LIMITATIONS OF LIABILITY: By participating in the Challenge and/or accepting a prize, Entrants agree to release and hold harmless the Released Parties from and against any claim, action, injury, loss, damage or cause of action arising out of or relating to participation in the Challenge, acceptance or receipt of any prize, use or misuse of any prize, or participation in any prize-related activity. Released Parties assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, theft or destruction or unauthorized access to, or alteration of, entries. Except where prohibited by local law, Entrant further agrees that in any cause of action, the Released Parties’ liability will be limited to the cost of entering and participating in the Contest, and in no event shall the Released Parties be liable for attorney’s fees. Entrant waives the right to claim any damages whatsoever, including, but not limited to, punitive, consequential, direct, or indirect damages.
GENERAL CONDITIONS: If for any reason the operation or administration of this Contest is impaired or incapable of running as planned for any reason, including but not limited to (a) infection by computer virus, bugs, (b) tampering, unauthorized intervention, (c) fraud, (d) technical failures, or (e) any other causes beyond the control of the Sponsor which corrupt or affect the administration, security, fairness, integrity or proper conduct of this Contest, the Sponsor reserves the right at its sole discretion, to disqualify any individual who tampers with the entry process, and to cancel, terminate, modify or suspend the Contest in whole or in part, at any time, without notice and award the Prizes (defined below) using all non-suspect eligible entries received as of, or after (if applicable) this cancellation, termination, modification or suspension date, or in any manner that is fair and equitable and best conforms to the spirit of these Official Rules. Sponsor reserves the right, at its sole discretion, to disqualify any individual deemed to be (a) tampering or attempting to tamper with the entry process or the operation of the Contest website; or (b) acting in violation of these Official Rules or in an unsportsmanlike or disruptive manner.
SUBMISSION REQUIREMENTS: By entering, each Entrant agrees their submission: (i) must not include any personal information; (ii) must be in English; (iii) must not contain material that violates or infringes another’s rights, including but not limited to privacy, publicity, copyright, trademark, or other intellectual property rights; (iv) must not contain material that is inappropriate, indecent, obscene hateful, defamatory, slanderous, or libelous; (v) must not contain anything that promotes bigotry, racism, hatred, or harm against any group or individual or promotes discrimination based on race, gender, religion, nationality, disability, sexual orientation, or age; and (vi) must not contain material that is unlawful, in violation of or contrary to the laws or regulations in any jurisdiction where Entry is created.
PUBLICITY: By accepting a prize, where permitted by law, the prize winners grant to the Released Parties and those acting pursuant to the authority of the Released Parties, the right to print, publish, broadcast and use worldwide in all media without limitation at any time a prize winner’s name, image, photograph, portrait, voice, and likeness for advertising, trade and promotional purposes without further payment or additional consideration, and without review, approval or notification.
USE OF DATA: All information submitted by Entrants will be treated according to Base 11’s Privacy Statement, available at https://www.base11digital.com/privacy.
DISPUTES: As a condition of participating in the Challenge, and except as modified herein, Entrant agrees that the following disputes, claims, and causes of action arising among the Released Parties shall be resolved individually, without resort to any form of class action, by following the Dispute Resolution Process (including binding arbitration) specified in Section 8 of the Coinbase User Agreement, which are incorporated herein by reference and available at https://www.coinbase.com/legal/user_agreement/united_states: Any and all disputes, claims, and causes of action arising out of or related to this Promotion, including any dispute, claim, or cause of action relating to any prizes awarded in this Promotion; and, any and all disputes, claims, and causes of action arising out of or related to the interpretation or application of this arbitration provision, including the enforceability, revocability, scope, or validity of this arbitration provision.
Notwithstanding this arbitration agreement, Entrants or the Released Parties retain the right to (1) elect to have any claims heard in small claims court on an individual basis for disputes and actions within the scope of said court’s jurisdiction; and (2) seek equitable relief in court for infringement or other misuse of intellectual property rights (including but not limited to trademarks, trade dress, domain names, trade secrets, copyrights, and patents).
To increase the efficiency of administration and resolution of arbitrations, Entrants and the Released Parties agree that in the event that there are one hundred (100) or more individual arbitrations of a substantially similar nature filed against us by or with the assistance of the same law firm, group of law firms or organizations within a thirty (30) day period (or otherwise in close proximity), the American Arbitration Association (“AAA”) (1) will administer the arbitration demands in batches of 100 arbitration demands per batch (plus, to the extent there are less than 100 arbitration demands left over after the batching described above, a final batch consisting of the remaining arbitration demands); (2) appoint one arbitrator for each batch; and (3) provide for the resolution of each batch as a single consolidated arbitration with one set of filing and administrative fees due per side per batch, one procedural calendar, one hearing (if any) in a place to be determined by the arbitrator, and one final award.
Entrants and the Released Parties agree that arbitration demands are of a “substantially similar nature” if they arise out of the same event or factual scenario and raise the same or similar legal issues and seek the same or similar relief. Entrants and the Released Parties agree to cooperate in good faith with AAA to implement the batch arbitration approach.
The arbitrator may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by the party's individual claim. Notwithstanding anything to the contrary in this Challenge, if a court decides by means of a final decision, not subject to any further appeal or recourse, that the limitations of this paragraph or the class action waiver are invalid or unenforceable as to a particular claim or request for relief (such as a request for public injunctive relief), Entrants and the Released Parties agree that that particular claim or request for relief (and only that particular claim or request for relief) shall be severed from the arbitration and may litigated in the federal courts located in the State of California. All other disputes shall be arbitrated. This paragraph does not prevent the parties from participating in a class-wide settlement of claims.
Entrants agree that the laws of the State of California, without regard to principles of conflict of laws, will govern the Challenge and any dispute, claim, or cause of action arising out of or related to the Challenge, except to the extent governed by United States federal law. This Challenge evidences a transaction involving interstate commerce and notwithstanding any other provision herein with respect to the applicable substantive law, the Federal Arbitration Act, 9 U.S.C. §1 et seq. (“FAA”) will govern the interpretation and enforcement of this dispute resolution process and any arbitration proceedings.
Additional Information
● By participating in the challenge, each competitor promises to submit only their original idea. Any indication of "copying" amongst competitors is grounds for disqualification.
● All applications will go through a process of due diligence; any application found to be misrepresentative, plagiarized, or sharing an idea that is not their own will be automatically disqualified.
● All ineligible applicants will be automatically removed from the competition with no recourse or reimbursement.
● No purchase or payment of any kind is necessary to enter or win the competition.
● Void wherever restricted or prohibited by law.
