Terms & Conditions
payMe Trivia Quiz Console Ltd: “payMe”
“payMe” is an educational empowerment platform where subscribers can earn rewards for their intellectual supremacy and engagement.
A self-funded knowledge enhancement web-based application that offers rewarding benefits with the platform's native utility token accessible through decentralized crypto wallets. It is designed to subsist on liquidity pool generation of the payMe token within the ecosystem. The service is designed to engage exclusively netizens in exhibiting their general knowledge of any of sports, and academics for self-discovery/worth.
1.1 The service was activated on 28th of February 2021 and has remained validated. (hereafter referred to as “Validity”).
2.1 The service will be assessed from any part of the globe.
3. Game Target
3.1 The service is open to all adult in Nigeria and abroad. Participants must be 18 years or older. A Participant hereby warrants and represents that he/she is:
i. At least 18 years old and eligible to participate in the Game in the same manner as being eligible to enter into valid contracts under global accepable law;
ii. Participating voluntarily;
iii. Have perused and have a clear understanding of the Terms and Conditions of the Game;
iv. Fully aware & accept that information sent on the platforms in the course of participation in the Game shall only count for the purpose of this Game where same have been duly charged in accordance with this Terms and Conditions; and
v. Fully aware & accept that game entry is at a cost for engaging in any of the contests.
vi. Fully aware that rewards are not guaranteed for participation, but only for winning.
3.2 The Organizer reserves the right to verify the eligibility of participants which will also include confirmation of details of participants as registered on the platform with a government approved identification and their status as bona fide citizens of his/her country at all material times. Participants hereby agree that personal data supplied when participating in the service may be used by the Organizer to monitor participation in the service and to evaluate the service improvements.
4. Means of Participation
4.1 “payMe” Quiz/Game/Service
First register as a quizzer, using:
Confirm your email, add the public key of your private decentralized wallet.
Credit payMe token in your connected wallet from pancakeswap (subject to launch after seed sales)
Then, invite others to do so while you be enjoying the tutorial free games in preparation for the contest to master the art of winning.
Await the relaunching of the contest in 4th quarter of 2022.
Once launched, you can then enter either the weekly play-to-earn academic enhancement contest or the communal soccer contest with $0.50 equevalent in payME Token or on a single weekly subscription worth $5.
We hope you support the stages at all levels to benefit maximally!
5. Game Entry & Rules
5.1 Cost of Play - $0.50 worth of payME Token per game entry or single weekly subscription with $5 worth of payMe token.
5.2 Users who participate in the Communal Smart Quiz Contest are not obligated to participate in the ACE game and vice versa in a given week.
5.3 Participants are expected to answer correctly and swiftly within 18 seconds each of the 10 questions that make up a game. Each participant can have unlimited attempts or ten attempts in a week, provided the option of entry.
5.4 All earnings in both the ACE and COS games are paid in payME token - the native token of the platform. The Quizzer may decide to sell to other quizzers on the platform through the Q2Q exchange module, or trade in any listed exchange platform.
6. Rewards Available
6.1 PayMe weekly quiz contest will commence by 12:00AM on Mondays and close by 11:59PM on Saturdays. Results are auto displayed on Sundays. the top most 5% of the participants are declared winners weekly and they are incentivized in ranges of:
1. The topmost 20% of the Winners earn 40% of the total revenue allocation to incentivizing pool in an equal share.
2. While the remaining 80% of the Winners earn 60% of the revenue share on an equal distribution rate.
Practically, whatever revenue is generated weekly, 50% is automatically remitted to the incentivizing pool wallet and from there, the topmost 5% of the total participants are rewarded in the following ratio: 40% is equally shared to the topmost 20% while 60% is equally shared to the rest 80% of the winners.
6.2 Winners claim button would automatically turn green by 12am every Sunday and they can claim their prizes themselves from their dashboard.
6.3 Every Year, each of the 10 most intelligent Quizzers, drawn from the 52 weeks’ cumulative results of all participants in the ACE Quiz contests are rewarded with a Scholarship Award worth $1000 USDT in payME Token. Criteria is participating in every week of play.