1. Contest Overview

Hiro Hacks is a challenge in which winners are determined solely on the basis of skill. The objective of the Contest is to engage developers eager to build at the intersection of Bitcoin and Stacks.

2. Definitions

• “Administrator” means the Hiro Systems PBC.
• “Content” means all materials, submissions, information, code, or otherwise submitted by the Entrant.
• “Contest” means ‘Hiro Hacks’.
• “Entrant” means an individual that meets the applicable eligibility requirements set forth in Section 3 of these Official Rules and agrees to the Official Rules by participation in the Contest.
• “Profile Information” means the information, including personal information, required to enter the Contest. This information may be used to identify an individual.
• “Released Parties” means the Administrator, and their respective subsidiaries, affiliates, suppliers, and each of their respective parent companies and each such company’s officers, directors, employees and agents.

3. Eligibility

The Contest is open to individuals who meet all of the following requirements:

a. Individuals who are the age of majority in their country or residence or at least 18 years of age, whichever is older as of the start of the contest.

b. Exclusions: The following are not eligible: (i) persons located or ordinarily resident in: Afghanistan, Belarus, Cuba, Iran, North Korea, Russia, Somalia, Syria, the Crimea/Sevastopol, Donetsk, Luhansk, Zaporizhzhia and Kherson regions of Ukraine, Venezuela, and Yemen, or temporary or permanent residents of any country in which the Contest participation is prohibited by law; (ii) an individual subject to U.S. or other applicable sanctions, including those imposed by the U.S. Office of Foreign Assets Control; (iii) an individual employed by an entity which is subject to U.S. blocking sanctions, Entity List restrictions, or other applicable sanctions; and (iii) employees, contractors, directors and officers of the Administrator, or any of their subsidiaries, affiliates and agents, as well as the Immediate Family of each such employee.

c. Employer/Entity Permission/Acknowledgement – Individuals represent and warrant that their participation in the Contest will not violate any third-party rights or obligations, including without limitation policies an employer or contractual obligations to or restrictions of an employer or other third party.

d. Void where prohibited.

4. General Conditions of Participation

a. By entering the Contest, Entrant signifies Entrant’s acceptance of these Official Rules in their entirety. Receipt of any prize offered in this Contest is dependent upon Entrant’s compliance in with the Official Rules.

b. Entrant agrees that Administrator’s decisions as to the determination of winners are final and binding.

c. By entering the Contest, Entrant represents and warrants that Entrant’s participation in the Contest – including acceptance of any prize – will not violate any law, regulation, policy or rule in Entrant’s country, state, province, or local municipal location.

d. To the extent permitted under applicable law, Entrant agrees that Administrator may cancel, suspend and/or modify the Contest if any fraud, technical failures, error or any other factor impairs the integrity or proper functioning of the Contest.

e. Administrator is not responsible for incorrect or inaccurate entry information or Content submitted by Entrant.

f. Entrant agrees that Administrator may change or modify these Official Rules at any time in its sole discretion. Administrator will use reasonable efforts to notify Entrants of such changes and modifications.

5. Timing

Starting Friday, December 1, 2023, for three consecutive weeks, the Entrant can participate in the Contest by submitting a weekly entry of the relevant coding challenge listed below:

• December 1, 2023: Build a Friend.tech clone
• December 8: 2023: Build a decentralized grants program
• December 15, 2023: Build a custom blockchain API

The entry period starts at 3pm ET on each Friday for the relevant coding challenge, and the entry period for each challenge ends on 11:59pm ET the following Wednesday. The winners will be contacted within 48 hours of the end of each entry period.

6. Prizes (values stated before taxes, if applicable):

a. Three Hiro Hacks Prizes: 300,000 Satoshis each for the best 10 projects submitted to each weekly Hiro Hack;
b. Grand Prize for most consistent projects across all three hacks: 3,000,000 Satoshis;

7. Registration and Submission:

In order to participate in the Contest, each individual must complete the form providing project details prior to closing of the entry period of the relevant coding challenge.

8. Confidentiality:

Entrants should not assume any right of confidentiality in any data or information divulged related to a project submission, including Profile Information.

9. Winner Determination:

Each Project Submission will be judged by the Administrator in accordance with the following criteria:

a. Functionality: How well does this project submission work? What is the quality of the code?

b. Creativity: How well does the project submission break outside of the mold and show something new?

c. UX: How well does this project submission utilize great UX for downstream users?

10. Intellectual Property Retained by Entrant:

Administrator does not claim ownership of any projects submitted. At all times during and after the Contest, Entrants retain any intellectual property rights they may have that are contained in and to their project.

11. Intellectual Property Retained by Administrator:

Administrator shall, at all times, retain all rights, title, and interest, in and to any content created related to the promotion of the Contest.

12. Entrant’s Personal Information:

Except as set forth herein, all information submitted by Entrant in the Contest will be treated according to the Administrator’s Privacy Policy, available for review online at hiro.so/privacy. BY EXPRESSLY AGREEING TO THESE OFFICIAL RULES AND BY PARTICIPATING IN THIS CONTEST, YOU ARE OPTING IN TO RECEIVE EMAILS FROM THE ADMINISTRATOR. Additionally, Entrant agrees that Entrant’s personal information may be transferred and stored on servers outside Entrant’s country of residence, which may not provide the same level of protection for personal information as in Entrant’s own jurisdiction and that it may also be processed by staff operating in the United States who work for Administrator or for one of Administrator’s third party agents or suppliers for the purposes outlined in these Official Rules. Entrant agrees to this transfer, storing or processing, and acknowledges that Administrator is taking reasonably necessary steps to ensure that such information is treated securely and in accordance with Administrator’s Privacy Policy. If Entrant has any questions/concerns about the processing of Entrant’s personal information, or wishes to exercise Entrant’s rights in connection with such personal information, Entrant may contact the Administrator at: legal@hiro.so.

13. Content Guidelines & Restrictions:

All content provided by an Entrant must comply with the guidelines and restrictions stated below.

a. Technical Guidelines and Restrictions:

I. All content must be in English;

b. Content Restrictions:

I. Entrant owns or otherwise has all rights in the Profile Information necessary to participate in this Contest and to grant the rights to Administrator required herein;

II. All content must not contain material that violates or infringes another’s rights, including without limitation, intellectual property rights infringement, privacy, or publicity;

III. All content submitted must not contain any viruses, worms, spy ware, or other components or instructions that are malicious, deceptive, or designed to limit or harm the functionality of a computer;

IV. All content must not contain material that is inappropriate, indecent, obscene hateful, tortious, defamatory, slanderous or libelous; and

V. All content must not contain material that is unlawful, in violation of or contrary to the laws or regulations in any country where content is created or that violates the terms and conditions of any third-party video platform to which content has been uploaded.

14. Restrictions and Limitations:

a. We reserve the right to stop using Bitcoin as a method for distributing rewards at any time without liability to you, in our sole and absolute discretion.

b. We reserve the right to pay you either a specified Bitcoin reward amount, as selected (such selection, the “Selected Cryptocurrency”) or an amount of USDC or U.S. Dollars that is equivalent to the U.S. Dollar price of a reward or prize.  THE PRICE OF BITCOIN AND USDC CAN BE VOLATILE AND THE VALUE OF BITCOINOR USDC RELATIVE TO U.S. DOLLARS MAY DECREASE OR INCREASE BETWEEN THE TIME THAT WE DETERMINE TO PROVIDE YOU A REWARD OR PRIZE AND THE TIME WE SEND AND YOU RECEIVE A REWARD OR PRIZE.  THE VALUE OF SUCH AMOUNT OF THE SELECTED CRYPTOCURRENCY RELATIVE TO U.S. DOLLARS MIGHT BE SIGNIFICANTLY LESS THAN THE VALUE OF SUCH AMOUNT OF THE SELECTED CRYPTOCURRENCY RELATIVE TO U.S. DOLLARS AT THE TIME WE DETERMINE TO MAKE A REWARD OR PRIZE. YOU ASSUME THE RISK OF PRICE DEPRECIATION AND APPRECIATION OF THE SELECTED CRYPTOCURRENCY AND WILL HAVE NO RIGHT TO SELECT AN ALTERNATIVE METHOD OF PAYMENT. YOU ARE NOT ENTITLED TO RECEIVE ANY APPRECIATION ON THE VALUE OF THE SELECTED CRYPTOCURRENCY.

c. You may be required to directly pay network fees for the Selected Cryptocurrency (“Transaction Fees”) associated with a transaction in the Selected Cryptocurrency. If your digital wallet software does not automatically generate a Transaction Fees amount for you, you may be required to calculate the amount of Transaction Fees necessary for the transaction to process on the applicable network. We have no control over the Transaction Fee and do not receive any portion of the Transaction Fee.

d. We do not own or control the underlying software protocols that govern the operation of any of the Selected Cryptocurrency networks.  We are not responsible for operation of any of the Selected Cryptocurrency network protocols. The Selected Cryptocurrency network protocols are subject to sudden changes in operating rules (e.g., forks), and such changes may materially affect the value, function, and/or even the name of such Selected Cryptocurrency. In the event of a fork of a Selected Cryptocurrency, we may, in our sole discretion, decide whether or not to suspend or discontinue providing rewards in the form of such Selected Cryptocurrency. WE WILL NOT BE RESPONSIBLE OR LIABLE FOR ANY FAILURE OF ANY NETWORK PROTOCOL THAT RESULTS IN A FAILED PAYMENT OF REWARDS TO YOU OR OTHERWISE INVOLVES YOUR REWARDS.

e. Hackers or other malicious groups or organizations may attempt to interfere with any Selected Cryptocurrency network and/or network transactions in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. You should exercise caution and care when receiving your payment in the Selected Cryptocurrency. WE WILL NOT BE RESPONSIBLE OR LIABLE FOR ANY SECURITY INCIDENT IN CONNECTION WITH ANY SELECTED CRYPTOCURRENCY NETWORK, INCLUDING A SECURITY INCIDENT THAT RESULTS IN A FAILED PAYMENT OF REWARDS TO YOU OR OTHERWISE INVOLVES YOUR REWARDS.

f. The legal and regulatory environment surrounding digital assets continues to evolve in the United States and foreign jurisdictions.  You are solely responsible for compliance with any applicable laws with respect to your Selected Cryptocurrency.

g. Stated prize values do not include taxes or other fees that may be due on winner’s receipt of a prize.

h. The prizes are non-transferable and no substitution is permitted, except at the discretion of Administrator.

i. Without limiting any of the prize exclusions set forth in this Section, winners are responsible for all tax reporting and payments that may be required under the laws of their respective jurisdictions.

j. If a prize, or any portion thereof, cannot be awarded for any reason, Administrator reserves the right to substitute prize with another prize of equal or greater value.

k. Nothing in these Official Rules is intended to exclude, restrict, or modify an Entrant’s rights under applicable consumer laws.

15. Not an Offer of Employment:

Nothing in these Official Rules is an offer or contract of employment of any kind with any individual.

16. Entrant Behavior:

Entrant shall not use, or permit others to use Administrator’s trademarks, logos or other intellectual property without the advance written consent of Administrator.

17. Limitations of Liability:

To the extent permitted under applicable law, Administrator and Released Parties are not liable for: (1) any incorrect or inaccurate information, whether caused by Entrant, printing, typographical or other errors, or by any of the equipment or programming associated with or utilized in the Contest; (2) technical failures of any kind, including without limitation, malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (3) unauthorized human intervention in any aspect of the Contest; (4) late, lost, undeliverable, OR damaged communications; (5) any other claims of damages arising from participation in this promotion or acceptance or use of prizes; and (6) any claims by an Entrant that his or her or its Profile Information or Project Submission or any Content is similar to or competitive with technologies or products independently developed by Administrator or received by Administrator from third parties, including from other Entrants.

18. Disputes:

All disputes or lawsuits arising out of or in connection to these Official Rules or the Contest shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict of law rules (whether of the State of New York or any other jurisdiction), which would cause the application of the laws of any jurisdiction other than the State of New York. The state or federal courts of New York shall have exclusive jurisdiction of all disputes arising out of the Official Rules or the Contest.

19. Severability:

If the application of any provision of these Official Rules to any particular facts shall for any reason be held to be invalid or unenforceable by a court or other tribunal of competent jurisdiction, then (a) the validity, legality and enforceability of such provision as applied to any other particular facts, and the other provisions of these Official Rules, shall remain in full force and effect; and (b) such provision shall be enforced to the maximum extent possible.