Overview
This exclusive Sweepstakes, organized by OKX Technology Services Pte. Ltd. ("OKX"), celebrates the groundbreaking partnership between OKX and McLaren Racing Limited ("McLaren"). Participants can acquire limited-edition NFTs commemorating McLaren's 2024 racing season, with select NFTs containing premium prizes.
Key Features:
- Two-tiered NFT collection (race-specific and season-finale editions)
- Prize-bearing NFTs with experiential and collectible rewards
- Fully digital entry process via Web3 wallet
Eligibility Requirements
To qualify for participation, you must:
- Be at least 18 years old (or age of majority in your jurisdiction)
- Reside outside Restricted Jurisdictions (see below)
Restricted Groups:
- Residents of: Australia, Bahamas, Bangladesh, Belgium, Bolivia, Brazil, Canada, China, Crimea, Cuba, Donetsk, Hong Kong, India, Iran, Iraq, Italy, Luhansk, Malaysia, Mexico, North Korea, Philippines, Singapore, Syria, Russia, Thailand, Ukraine, and certain territories
- Employees of OKX/McLaren and their immediate family members
Entry Periods Structure
The Sweepstakes runs from 7 June 2024 - 23 December 2024, divided into:
| Period Type | Duration | Quantity |
|---|---|---|
| Race Entry Periods | Friday 10:00 GMT to Monday 10:00 GMT | 16 |
| Final Entry Period | 13 Dec - 23 Dec 2024 | 1 |
👉 View full McLaren 2024 race schedule
Participation Process
Wallet Setup
- Create a free OKX Web3 Wallet
- Log in via desktop or mobile app
NFT Minting
- Mint during active Entry Periods
- Mystery box format reveals prizes post-race
Prize Redemption
- 3-week claim window post-minting
- Contact details submission required
Prize Allocation System
Winners are selected via:
- Automated rarity assignment to minted NFTs
- Computer-generated random drawing per Entry Period
- Email notification within 30 days of selection
Prize Categories:
| Tier | Example Rewards | Quantity Per Race |
|---|---|---|
| Ultra Rare | Paddock Club Tickets | 1-2 |
| Rare | MTC Tours, Signed Memorabilia | 5-10 |
| Common | Branded Merchandise | 20-30 |
Complete Prize Details
Experiential Rewards:
- MTC Race Watch: Live race screening with team communications
- Paddock Club Access: VIP 2025 race experience including hot laps
- Virtual Driver Briefings: Exclusive Zoom sessions
Collectible Items:
- Signed team caps and overalls
- Limited-edition co-branded merchandise
👉 Explore Web3 wallet features
Important Disclaimers
- Digital Ownership: NFT holders own the token but not underlying IP rights
- Tax Responsibility: Winners cover all applicable taxes
- Technical Requirements: Stable internet connection and compatible wallet required
FAQ Section
How do I know if I won?
Winners receive email notification within 30 days of minting window closure. NFT dashboard will indicate prize status.
Can I transfer my prize?
No. Prizes are non-transferable and must be accepted as awarded.
What happens if I don't claim my prize?
Unclaimed prizes expire 3 weeks after the redemption period ends.
Are there any hidden costs?
OKX covers minting gas fees. Winners responsible for tax obligations and optional experience costs (e.g., travel).
How are prize values calculated?
ARV based on local market prices at sweepstakes launch date.
What if my NFT doesn't show up?
Contact OKX support within 72 hours of expected delivery time.
Legal Provisions
- Governed by California law
- Binding arbitration required for disputes
- Void where prohibited by law
Total prize pool ARV: $74,070
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