Overview
OKX Technology Services Pte. Ltd. ("OKX") presents a two-tiered NFT drop commemorating its partnership with McLaren Racing Limited ("McLaren"). The Sweepstakes features race-specific NFTs for McLaren’s 2024 season and a year-end collectible series. Select NFTs include prizes, detailed below. Participation is prohibited in restricted jurisdictions (Section 2).
Eligibility
- Age Requirement: Participants must be 18+ and meet their country’s age of majority.
Restrictions:
- Residents of Australia, Bahamas, Bangladesh, Belgium, Brazil, Canada, China, Crimea, Cuba, Hong Kong, India, Iran, Iraq, Italy, Malaysia, Mexico, North Korea, Philippines, Russia, Singapore, Syria, Thailand, Ukraine, US Minor Outlying Islands, and others listed in Section 2.
- Employees of OKX/McLaren, their affiliates, or immediate family members.
Entry Periods
The Sweepstakes runs from 7 June 2024 to 23 December 2024, divided into:
- 16 Race Periods: Opens Friday 10:00 AM GMT before each race; closes Monday 10:00 AM GMT post-race.
- Post-Season Period (17th Entry): 13–23 December 2024.
👉 View McLaren’s 2024 race schedule for exact dates.
How to Enter
- Access OKX Web3 Wallet: Log in via OKX Web3 Wallet. New users can create a free wallet.
Mint NFTs:
- Mint during any Entry Period. Early participants (Entry Period 1) receive airdropped NFTs from prior 5 races.
- Collect all 24 NFTs to qualify for the final Entry Period mint.
- Prize Redemption: Winners have 3 weeks post-minting to claim prizes via the OKX marketplace.
Example:
- Race 1 (Canada GP): Mint 7–10 June 2024; prizes revealed by 12 June; redeem by 1 July 2024.
Winner Selection
- Process: All eligible NFT minters are entered into a randomized draw per Entry Period.
- Odds: Depend on participant numbers per Entry Period.
- Notification: Winners contacted via email within 30 days of redemption.
Prizes
| Entry Period | Prize | Quantity | ARV (USD) |
|--------------|--------------------------------|----------|-----------|
| 1 | MTC Race Watch | 7 | $600 |
| | Shadow Cap | 20 | $50 |
| 3 | 2 Grandstand Tickets + $1,000 Travel | 2 | $2,025 |
| 17 | Signed Driver Overalls | 1 | $100 |
| 20 | 2025 Paddock Club Experience | 1 | $22,500 |
Total Prize Pool: ~$74,070.
Key Prize Details:
- MTC Race Watch: Live Belgium GP screening at McLaren HQ (26–28 July 2024).
- Virtual Driver Briefing: Zoom session with McLaren drivers (2024 only).
- Travel Prizes: Include flights/accommodations; subject to expiration if unclaimed.
FAQs
Q: Can I participate if I’m in a restricted country?
A: No. Check Section 2 for the full list of excluded jurisdictions.
Q: How are winners notified?
A: Via email within 30 days of prize redemption.
Q: Are there fees for minting NFTs?
A: Gas fees are covered by OKX/Polygon. No cost to create a wallet.
Q: What happens if I don’t redeem my prize?
A: Prizes expire 3 weeks after the minting window closes.
Terms & Conditions
- Blockchain Risks: OKX isn’t liable for third-party blockchain failures or hacking.
- NFT Ownership: Participants own NFTs but not underlying intellectual property.
- Taxes: Winners responsible for income taxes and additional prize-related costs.
Sponsor: OKX Technology Services Pte. Ltd., Singapore.
👉 Full terms and privacy policy apply.
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