Monthly Drawing Sweepstakes — PoolStake LLC
NO PURCHASE, PAYMENT, OR OTHER CONSIDERATION IS NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING ON A PER-ENTRY BASIS, BUT WILL INCREASE THE TOTAL NUMBER OF SWEEPSTAKES ENTRIES YOU RECEIVE. VOID WHERE PROHIBITED BY LAW.
The Monthly Revenue Drawing Sweepstakes (the "Drawing") is sponsored and operated by PoolStake LLC, a Tennessee limited liability company, located at [INSERT REGISTERED ADDRESS], Knoxville, Tennessee ("PoolStake" or "Sponsor").
Each calendar month constitutes one Drawing Period. At the close of each Drawing Period, one (1) eligible participant will be selected as a winner through a random weighted drawing based on accumulated Sweeps Entry balances.
The Drawing is open to registered PoolStake account holders who are at least eighteen (18) years of age and are legal residents of an eligible jurisdiction.
Ineligible jurisdictions include the State of Idaho, the State of Washington, and any jurisdiction where this Sweepstakes is prohibited by applicable law.
Employees, officers, directors, and agents of PoolStake LLC, and their immediate family and household members, are not eligible to enter or win.
Each Drawing Period runs from 12:00:00 AM Coordinated Universal Time (UTC) on the first day of a calendar month through 11:59:59 PM UTC on the last day of that calendar month.
Important: Sweeps Entries accumulated during a Drawing Period are eligible for that period's Drawing only. Unused Sweeps Entries do NOT roll over to the following Drawing Period. All Sweeps Entries expire at the close of each Drawing Period.
IMPORTANT: A purchase is not required to enter or win. The purchase of any commercial product does not affect and will not increase your statistical probability of winning on a per-entry basis. Additional Sweeps Entries obtained through purchase increase your total entry count only.
To receive Sweeps Entries via mail at no cost, participants must:
No participant may accumulate more than five thousand (5,000) Sweeps Entries in any single Drawing Period across all earning methods combined. Entries earned in excess of this cap will not be credited. This cap is designed to ensure fair participation and may be adjusted by PoolStake with reasonable notice.
The prize for each Monthly Drawing is five percent (5%) of PoolStake LLC's gross membership subscription revenue actually received during the applicable Drawing Period, with a minimum guaranteed prize value of five hundred dollars ($500.00 USD) regardless of actual subscription revenue. PoolStake will maintain a reserve fund sufficient to cover the minimum guaranteed prize amount.
An estimated prize amount for the current Drawing Period will be displayed on the PoolStake platform and updated periodically. The final prize amount will be calculated and officially disclosed after the Drawing Period closes and all subscription revenue for that period has been received and reconciled.
Prizes will only be processed if the winner's redeemable Sweeps Coins balance is at least one hundred (100) Sweeps Coins (equivalent to a minimum prize value of $100.00 USD).
At 12:01 AM UTC on the first day of each calendar month, PoolStake will conduct the Drawing for the prior month's Drawing Period. The Drawing uses a cryptographically secure weighted random selection process in which each accumulated Sweeps Entry represents one (1) equal chance of being selected.
The decision of the Sponsor regarding the Drawing outcome is final and binding. The potential winner will be notified via email and in-app notification within forty-eight (48) hours of the Drawing.
The potential winner must respond within ten (10) days of notification and must complete all required verification within that period. Failure to respond or complete verification will result in disqualification and selection of an alternate winner.
All potential winners are subject to verification. To claim the prize, winners must:
For US winners, prizes will be paid via Stripe ACH transfer, PayPal, or gift card at winner's election. All prize payments are subject to applicable tax withholding. PoolStake will issue IRS Form 1099-MISC for prizes valued at $600 or more in a calendar year.
By participating, each entrant agrees to be bound by these Official Rules. PoolStake reserves the right to cancel, suspend, or modify the Drawing in the event of fraud, technical failures, or other circumstances beyond its reasonable control.
These Rules are governed by the laws of the State of Tennessee. Disputes are subject to the arbitration and class action waiver provisions in the PoolStake Terms of Service.
For questions contact: hello@poolstake.app