GRC-20 Hackathon Event Terms and Conditions
These Terms and Conditions (“Terms”) govern your participation in The Graph Foundation’s GRC-20 Hackathon (“Hackathon”). By participating in the Hackathon, you agree to be legally bound by these Terms. Please read these Terms carefully before participating in the Hackathon. For purposes of these Terms: “Foundation,” "us," "our," or "we" refers to The Graph Foundation and/or our affiliates; and “Participant” and “you” shall refer to you, the participant in the Hackathon.
- The Hackathon.
- Application. To participate in the Hackathon, you must first timely submit a complete application form by January 31, 2025, through an online form provided by the Foundation. Please see the official Hackathon website at [INSERT LINK TO LANDING PAGE W/FORM] for the registration form. Submitting an application form does not guarantee entry into the Hackathon. The Foundation reserves the right to accept applications beyond the January 31, 2025 deadline for good cause.
- Eligibility. To be eligible to participate in the Hackathon, you must not be a core contributor or an employee of The Graph Foundation or any core developers of The Graph. If your application is approved, you will be invited to join a Hackathon kickoff call.
- Milestones and Weekly Submissions. Throughout the course of the Hackathon, the Foundation will invite participants to complete various tasks called milestones (“Milestones”). The Foundation will announce the requirements for each Milestone and any deadlines for completing the Milestone. To be eligible to be considered for a prize at the end of the Hackathon, you must timely fulfill each Milestone’s requirements and submit satisfactory proof of completion in the manner provided by the Foundation. The Foundation may at any time, in its sole discretion, change the requirements or the completion deadline for a Milestone, stop accepting new submissions for a Milestone, end a Milestone early, or cancel a Milestone altogether. Late submissions will not be considered.
- Prizes. The Foundation is making a total of one hundred and fifty thousand (150,000) GRT tokens available to distribute to participants in the Hackathon as prizes (“Prize Pool”). The Prize Pool is subject to change at the Foundation’s sole discretion and the Foundation has no obligation to utilize the entire Prize Pool. Prizes will be awarded by the Foundation in its sole and final discretion to Participants who meet a minimum standard of quality, based on factors including, but not limited to, the quality of submissions, overall utility of the submission to the ecosystem, accuracy of knowledge, and open-sourcing of scripts or tools for organizing knowledge. The Foundation reserves the right to distribute the Prize Pool among winning Participants at its discretion. You acknowledge and agree that the Foundation’s determination of prizes shall be final and you agree not to contest the Foundation’s determination.
- Disqualification of Submissions. The Foundation may disqualify your submission for a Milestone if it finds, in its sole discretion, that the submission: is deceitful, fraudulent, low-effort, plagiarized, or made in bad faith; fails to comport with the stated requirements for the Milestone; was completed using bots; is part of a Sybil attack; or violates these Terms. If your submission for a Milestone is disqualified, then you will not be eligible to earn a prize for the Hackathon.
- Payment of Prizes. After the Hackathon has concluded, if you are awarded a prize, the Foundation will send your prize to you at an Arbitrum wallet address provided by you through an online form to be provided by the Foundation. Prizes will be sent within a reasonable time following conclusion of the Hackathon. You acknowledge and agree that the Foundation’s determination of your prize (if any) shall be final and you agree not to contest the Foundation’s determination. You acknowledge and agree that the Foundation has no obligation to provide you with any information explaining how it calculated your prize or any other participant’s prize.
- KYC Compliance. To ensure compliance with applicable laws and regulations, all prizewinners must complete Know Your Customer (KYC) verification process before receiving their share of any prize. The KYC process will require winners to provide valid identification documents and any additional information deemed necessary to verify their identity and eligibility. Failure to complete the KYC process or provide accurate and timely information may result in disqualification and forfeiture of the prize. By participating in the Hackathon, you agree to comply with the KYC requirements if selected as a prizewinner. Please note that the Foundation reserves the right to withhold prizes until the KYC verification is successfully completed.
- Official Communications. The Foundation will communicate with Hackathon participants primarily via email at the email addresses they provided in the registration process. The Foundation may also, at times, communicate Hackathon information through The Graph’s official Discord server and X account. It is your responsibility to frequently check for updates on the Hackathon. You are encouraged to check your spam inbox frequently in case your email provider marks Hackathon messages as spam.
- Removal of Participant. The Foundation may remove you from the Hackathon if it determines, in its sole discretion, that: you fail to meet eligibility requirements of the Hackathon; you have breached any term, covenant, representation, or warranty in these Terms; or you have otherwise acted in bad faith to the detriment of The Graph Network, users of The Graph Network, the Hackathon, or other Hackathon participants. In the event the Foundation removes you from the Hackathon pursuant to the foregoing sentence, you shall not be entitled to receive any prize.
- Independent Contractor. Your relationship with the Foundation is one of an independent contractor. Neither these Terms nor your participation in the Hackathon will be construed as establishing a partnership, franchise, joint venture, agency, fiduciary or employment relationship. You are solely responsible for determining and satisfying your own tax liability, if any, resulting from your participation in the Hackathon. You are responsible for any costs you incur in connection with your participation in the Hackathon, including, without limitation, any infrastructure costs or gas fees.
- Intellectual Property.
- Definition. As used herein, “Intellectual Property” means any inventions, products, designs, drawings, notes, documents, information, documentation, improvements, works of authorship, processes, techniques, know-how, algorithms, specifications, biological or chemical specimens or samples, hardware, circuits, computer programs, databases, user interfaces, encoding techniques, and other materials of any kind, whether or not they are eligible for patent, copyright, mask work, trade secret, trademark or other legal protection.
- Participant Work Product. You agree that any Intellectual Property developed by you, whether alone or with others, in connection with or related to the Hackathon (“Participant Work Product”) shall be open-sourced pursuant to the terms and conditions of the Apache 2.0 open-source license (“Open Source License”). You shall, and hereby do, irrevocably and perpetually grant to the general public all rights and licenses in and to the Participant Work Product pursuant to the terms and conditions of the Open Source License. You irrevocably waive and agree never to assert any moral rights you may have in or with respect to any Participant Work Product. You will assist and cooperate with the Foundation in all respects, and will execute documents, and will take such further acts reasonably requested by the Foundation to make the Participant Work Product available to the general public pursuant to the Open Source License grant.
- Use of Participant Trademarks. You grant the Foundation and its affiliates permission to use your name, logos, service marks, trade names and trademarks for the purpose of identifying you as a participant in the Hackathon.
- Foundation’s IP Rights. The Foundation and its licensors exclusively own all right, title and interest in and to “The Graph” logos and all other Intellectual Property pertaining to The Graph and the Hackathon. Such Intellectual Property is protected by copyright, trademark, and other laws throughout the world. You are permitted to utilize the word mark “The Graph” in order to truthfully state that you are participating in The Graph’s official Hackathon. No other uses of the Foundation’s Intellectual Property are permitted.
- Representations and Warranties. You represent and warrant:
- You have the full right, power, and authority to enter into these Terms and to perform the obligations hereunder.
- All information you provided in your registration form to the Hackathon is true, accurate and complete, and any information you subsequently provide to the Foundation or its affiliates in connection with the Hackathon shall be true, accurate and complete.
- You, and party that owns or controls you, are not subject to sanctions or otherwise designated on any list of prohibited or restricted parties, including but not limited to the lists maintained by the United Nations Security Council, the U.S. Government (e.g., the Specially Designated Nationals List and Foreign Sanctions Evaders List of the U.S. Department of Treasury and the Entity List of the U.S. Department of Commerce), the European Union or its Member States, or other applicable government authority. You will provide to the Foundation any information that the Foundation determines to be necessary or appropriate to comply with money laundering laws, anti-terrorism laws, rules and regulations and or any similar laws and regulations of any applicable jurisdiction.
- The Foundation has not provided you with any tax advice. You are fully responsible for any taxes resulting from your participation in the Hackathon.
- The Participant Work Product will not violate or infringe upon the intellectual property right or any other right whatsoever of any person, firm, corporation, or other entity. The Participant Work Product will be your original creation.
- Your conduct in connection within the Hackathon shall not violate, and shall comply with, any applicable laws.
- You have only registered for the Hackathon once, using your real identity. You will not engage in any Sybil attacks in connection with your participation in the Hackathon.
- No Harm to the Network or Users. You will not participate in: (i) any attacks on The Graph Network or its users, including but not limited to technical attacks, hacking, theft of The Graph Network’s users’ funds, or fraud, (ii) conduct reasonably anticipated to cause harm to The Graph Network or its users, or (iii) any other activity that the Foundation considers to be malicious activity, in its sole discretion.
- LIMITATION OF THE FOUNDATION’S LIABILITY. THE FOUNDATION SHALL NOT BE LIABLE TO YOU FOR SPECIAL, INDIRECT, CONSEQUENTIAL, OR INCIDENTAL LOSSES OR DAMAGES OF ANY KIND OR NATURE WHATSOEVER, INCLUDING BUT NOT LIMITED TO LOST PROFITS, LOST RECORDS OR DATA, LOST SAVINGS, LOSS OF USE OF FACILITY OR EQUIPMENT, LOSS BY REASON OF FACILITY SHUT-DOWN OR NON-OPERATIONS OF INCREASED EXPENSE OF OPERATIONS, OR OTHER COSTS, CHARGES, PENALTIES, OR LIQUIDATED DAMAGES, REGARDLESS OF WHETHER ARISING FROM BREACH OF CONTRACT, WARRANTY, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGE OR IF SUCH LOSS COULD HAVE BEEN REASONABLY FORESEEN. THE FOUNDATION’S LIABILITY FOR DAMAGES HEREUNDER, REGARDLESS OF THE FORM OF ACTION, SHALL NOT EXCEED $100.
- INDEMNITY. YOU WILL DEFEND, INDEMNIFY AND HOLD HARMLESS US AND OUR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS AND AFFILIATES FROM AND AGAINST ANY CLAIMS, DISPUTES, DEMANDS, LIABILITIES, DAMAGES, LOSSES, AND COSTS AND EXPENSES, INCLUDING, WITHOUT LIMITATION, REASONABLE LEGAL AND ACCOUNTING FEES ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR VIOLATION OF THESE TERMS.
- DISCLAIMERS. THE FOUNDATION MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, NON- INFRINGEMENT, ACCURACY OR COMPLETENESS OF DATA. ACCORDINGLY, THE FOUNDATION SPECIFICALLY DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES RELATED TO THE AMOUNT OF ANY PRIZE YOU MAY BE ELIGIBLE TO RECEIVE UNDER THESE TERMS.
- WAIVER. YOU UNDERSTAND AND ASSUME ANY AND ALL RISKS ASSOCIATED WITH PARTICIPATION IN THE HACKATHON, WHICH ARE BEYOND THE CONTROL OF THE FOUNDATION AND INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: THE POTENTIAL FOR DAMAGE OR LOSS TO THE COMPUTER AND/OR OTHER HARDWARE YOU USE AS A NODE OR DATA STORED ON THAT NODE; PARTICIPATION MAY NOT BE PROFITABLE; AND RUNNING A NODE MAY NOT BE PROFITABLE. YOU HEREBY WAIVE ANY LEGAL CLAIMS, INCLUDING IN LAW OR IN EQUITY, ARISING FROM PARTICIPATION IN THE HACKATHON AGAINST THE FOUNDATION, AND ITS DIRECTORS, OFFICERS, EMPLOYEES, REPRESENTATIVES, AGENTS, AND AFFILIATES.
- ARBITRATION. ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THESE TERMS OR THE BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION OR VALIDITY THEREOF OR THE USE OF THE SERVICES (COLLECTIVELY, "DISPUTES") WILL BE RESOLVED SOLELY BY BINDING, INDIVIDUAL ARBITRATION AND NOT IN A CLASS, REPRESENTATIVE OR CONSOLIDATED ACTION OR PROCEEDING. YOU AND WE AGREE THAT THE JAMS INTERNATIONAL ARBITRATION RULES GOVERNS THE INTERPRETATION AND ENFORCEMENT OF THESE TERMS, AND THAT YOU AND WE ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION. THIS ARBITRATION PROVISION SHALL SURVIVE TERMINATION OF THESE TERMS. NOTWITHSTANDING THE FOREGOING, THE FOUNDATION MAY BRING A COURT PROCEEDING SEEKING EQUITABLE OR INJUNCTIVE RELIEF TO PREVENT THE INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS, THE DISCLOSURE OF CONFIDENTIAL INFORMATION OR THE UNLAWFUL PROCESSING OR TRANSMISSION OF DATA.
- Choice of Law. These Terms and all related documents, and all matters arising out of or relating to these Terms, whether sounding in contract, tort, or statute, are governed by, and construed in accordance with, the laws of the Cayman Islands, excluding its body of law controlling conflict of laws.
- Changes to Terms. We may update or supplement the Terms at any time, in our sole discretion. If we do so, we will notify Hackathon participants by email. If you continue to participate in the Hackathon after we have updated these Terms, you are agreeing to be bound by the updated Terms.
- Miscellaneous. You may not assign, transfer, or delegate any of its rights or obligations under these Terms. We may freely assign or transfer these Terms without restriction. If any provision of these Terms is held invalid or unenforceable by a court of competent jurisdiction, the remaining provisions of these Terms will remain in full force and effect, and the provision affected will be construed so as to be enforceable to the maximum extent permissible by law. These Terms, together with any additional requirements pertaining to the Hackathon which appear on the Hackathon website or which the Foundation may release from time to time during the Hackathon, constitute the sole and entire agreement between the parties with respect to the subject matter contained herein and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. These Terms benefit solely the parties hereto and their respective permitted successors and permitted assigns.