Official Rules for Submissions
Please note that there are specific rules for each program, but the following rules apply to all SCF programs and initiatives.
Participant Eligibility
1.1 Each SCF Award Program or Initiative is open to:
Teams of Eligible Individuals, as defined below in Section 1.3 (“Teams”); and
Organizations (including corporations, not-for-profit corporations, and other nonprofit organizations, limited liability companies, partnerships, and other legal entities) that consist of Eligible Individuals and that are duly organized or incorporated and in good standing at the time of submission (“Organizations”).
(the above Teams of Eligible Individuals and Organizations are referred to collectively as “Participants”).
In any given SCF Award Program or Initiative, an Eligible Individual may not join more than one Team or Organization, and an Eligible Individual who is part of a Team or Organization may not also enter submission for other SCF Awards on an individual basis.
1.2 If a Team or Organization is entering an SCF Award Program or Initiative:
The Team or Organization must appoint and authorize one Eligible Individual (the “Representative”) to represent, act, and enter a submission on their behalf. By entering a submission to the SCF Award Program or Initiative on behalf of a Team or Organization, you are representing and warranting that you are the Representative authorized to act on behalf of your Team or Organization.
Your Team or Organization must appoint and authorize at least 2 Eligible Individuals to be available during the preparation webinars, actively participate in bootcamp activities, and should you be interested and get selected as one of the finalists, present during the investor demo day.
1.3 An “Eligible Individual” is a natural person who:
Is 18 years of age or older;
Is not a citizen of, located in, or otherwise normally residing in Cuba, Iran, North Korea, Syria, any Russian-controlled region of Ukraine, or any other country or region subject to sanctions by the US Department of Treasury Office of Foreign Asset Control (“OFAC”), as may be updated from time to time;
is not identified on the Specially Designated Nationals or Blocked Persons list provided by OFAC; and
Does not reside in a jurisdiction where the transfer and holding of cryptocurrency is illegal or would require a special license or authorization that the such person does not possess.
Submission Eligibility
Applicable law and our internal policies restricts SDF from providing lumens (“lumens” or “XLM”) awards to certain categories of teams and companies. A team or company will be ineligible to participate in an SCF Initiative or receive an SCF Award if they are or offer products/services that:
violate any applicable laws, regulations, orders, judgements or rules; infringe or violate any proprietary right of any party, including patent, trademark, trade secret, copyright, right of privacy, right of publicity, or other rights;
involve, facilitate, support, or promote unlawful activities, including, but not limited to: fraud, drug trafficking, purchases on dark web markets, theft, illegal arms trafficking, human trafficking, abduction, extortion, embezzlement, corruption of public officials, acts of terrorism or terrorist financing, and intellectual property violations;
involve, facilitate, or promote gambling;
are offensive, deceptive, harmful, or libelous;
are or contain sexually obscene content;
are discriminatory or abusive toward any individual or group;
contain, transmit, or instill malware or phishing pages or devices;
are primarily focused on promoting a specific token or a specific NFT or NFT collection with no real-world use case;
are primarily focused on use cases that do not contribute to the growth and development of Soroban, the Stellar network, ecosystem, and protocol (e.g., relying on Stellar for arbitrary data storage).
If you are unsure whether your company or team falls into one or more of these categories, please contact us. SDF reserves the right, in its absolute discretion, to disqualify any Participant, without warning, from any SDF programs, and to ban them from future SDF funding programs, if they breach these Rules and Eligibility Guidelines (the “Official Rules”) or any applicable law, or otherwise act in a way that is inappropriate, not in the best interests or spirit of the SDF programs or otherwise in bad faith, including, without limitation, any direct or indirect tampering with or manipulation of the entry, or abusive behavior towards mentors and other participants.
General Rules
Publicity
By participating in an SCF Award Program or Initiative, Participants consent to the use of their personal information by the SDF and third parties acting on behalf of SDF. Such personal information includes, but is not limited to, Participant’s name, likeness, photograph, opinions, comments, and hometown and country of residence (“Participant Profile”). Participant Profiles may be used for advertising and promotional purposes and in any existing or newly created media, worldwide without further payment or consideration, or right of review, unless prohibited by law. The duration of this consent is for a period of three years following the conclusion of the SCF Award Program or Initiative in which the Participant participated. This consent applies, as applicable, to all members of the Participant that participated in any winning Submission.
Disclaimers & Limitations of Liability
Participants acknowledge and understand that XLM is a highly risky and volatile asset, and that SDF does not provide any representations, warranties, or guarantees of its value.
In addition to the disclaimers, limitation of liability, and indemnities agreed to in the main SDF Terms of Service, Participants also specifically agree to release and hold harmless SDF and its respective affiliates, employees, and agents from any and all liability or any injury, loss or damage of any kind arising from or in connection with the SCF Award Program or Initiative and its promotion, or any SCF Awards granted in connection with SCF Kickstart, SCF Build or any other SDF program.
General Conditions
SDF reserves the right, in their sole discretion, to cancel, suspend and/or modify any SCF Award Programs or Initiatives, or any part of it including any or all Awards or the Official Rules for any reason.
All SCF Award Programs or Initiatives are governed by the SDF Terms of Service and the Official Rules. If there is any conflict or inconsistency between the SDF Terms of Service and the Official Rules, the Official Rules will prevail. If there is any discrepancy or inconsistency between the terms and conditions of the Official Rules and disclosures or other statements contained in any SCF Award Programs or Initiatives, and any SCF Award Program or Initiative materials, including but not limited to any SCF Award Program or Initiative Submission Form and /or the SCF website, then the Official Rules shall prevail.
The terms and conditions of the Official Rules are subject to change at any time, including the rights or obligations of the Participants and SDF. SDF will post the terms and conditions of the amended Official Rules on the SCF Website. To the fullest extent permitted by law, any amendment will become effective at the time specified in the posting of the amended Official Rules or, if no time is specified, the time of posting.
SDF’s failure to enforce any term of the Official Rules shall not constitute a waiver of that provision. Should any provision of the Official Rules be or become illegal or unenforceable in any jurisdiction whose laws or regulations may apply to a Participant such illegality or unenforceability shall leave the remainder of the Official Rules, including the Rule affected, to the fullest extent permitted by law, unaffected and valid. The illegal or unenforceable provision shall be replaced by a valid and enforceable provision that comes closest and best reflects the SDF’s intention in a legal and enforceable manner with respect to the invalid or unenforceable provision.
Data Privacy
SDF collects personal information from Participants when they enter any SCF Award Programs or Initiatives. The information collected is subject to the privacy policy located here: https://www.stellar.org/privacy-policy.
Contact
Join the Stellar community on Discord. If you have any specific questions or concerns you can also email SDF at communityfund@stellar.org.
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