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Meme ContestTerms and conditions
Kekobank hereby declares that a percentage of the cash prize shall be retained by the organizers for purposes of remuneration and compensation for the expenses incurred in the organization and execution of the contest.
It should be noted that the retention of the said percentage is neither arbitrary nor capricious, but rather an essential and integral part of the operational costs that are incurred by the organizers in ensuring that the contest is conducted in an efficient and effective manner. Such operational costs include but are not limited to, the cost of procuring and maintaining the requisite technological infrastructure (a 2% fee), the cost of advertising and promoting the contest on various social media platforms (an additional 2% fee), and the cost of compensating the experts involved for their services services (a 1% fee).
Moreover, it is incumbent upon the organizers to ensure that the contest is conducted in accordance with the highest standards of professionalism and ethical conduct and abuse of the said contest is perpetrated. The retention of the said percentage is a means of ensuring that the contest is conducted in a fair and impartial manner, and that the integrity and credibility of the contest are maintained.
Said percentage does not in any way diminish the value of the cash prize that shall be awarded to the winner(s) of the contest. Rather, it is a necessary measure that is required for the smooth and efficient conduct of the contest.
We trust that this explanation suffices to address any concerns or queries that the participants of the contest may have with respect to the retention of the said percentage of the cash prize.