Last updated April 20th, 2023
In order to participate in the PIP Bounty Program, eligible participants should submit PIPs in accordance with the PIP Purpose and Guidelines. PIPs that have already been submitted by another user are not eligible for bounty awards. In order to be eligible to participate in the PIP Bounty Program you must:
be of legal age in the jurisdiction in which you reside and you must have the legal capacity to enter into, and be bound by, these PIP Bounty Terms if you are participating in the PIP Bounty Program as an individual;
have the legal authority to accept these PIP Bounty Terms on the applicable entity’s behalf, in which case “you” (except as used in this paragraph) will mean the foregoing entity if you are participating in the PIP Bounty Program as an entity;
not be a current or former (within 6 months) employee, vendor, contractor, or agent for Polygon Labs;
not be a resident, national, or agent of Crimea and Sevastopol, Luhansk, Donetsk, Cuba, Iran, North Korea, Sudan, Syria, or any other country to which the United States, the United Kingdom, or the European Union embargoes goods or imposes similar sanctions; and
not be a member of any sanctions list or equivalent maintained by the United States government, the United Kingdom government, the European Union, or the United Nations.
Payment amounts for selected PIPs will be at the sole discretion of Polygon Labs and will be payable in USDC to a wallet address provided by the PIP submitter in writing. Factors considered in determining the payment amount may include but are not limited to, the quality of the proposal, the complexity of the PIP, and whether an implementation of the PIP is provided.
5. PIP BOUNTY PROGRAM ADMINISTRATION
Polygon Labs reserves the right to administer the PIP Bounty Program in its sole discretion. In addition:
Polygon Labs hereby reserves the right to amend, suspend or terminate the PIP Bounty Program at any time with or without prior notice or consent.
Any questions relating to eligibility, these PIP Bounty Terms, or the PIP Bounty Program will be resolved by Polygon Labs in Polygon Labs’ sole discretion and its decision will be final and binding with respect thereto. If it is determined by Polygon Labs that you have violated these PIP Bounty Terms, then Polygon Labs may disqualify you from any PIP Bounty Program payments or benefits in its sole discretion.
Polygon Labs reserves the right to make awards that do not comply with every requirement herein, such as your failure to provide a PIP which meets all the criteria of the PIP Purpose and Guidelines or your failure to submit your PIP through the correct channel. Awards made pursuant to such exceptions made by Polygon Labs do not constitute any waiver by Polygon Labs of any other terms and conditions set forth herein.
7. RELEASE AND PUBLICITY
YOU AGREE TO RELEASE AND HOLD HARMLESS POLYGON LABS AND ITS OFFICERS, DIRECTORS, EMPLOYEES, PARTNERS, AFFILIATED COMPANIES, SUBSIDIARIES, SUPPLIERS, DISTRIBUTORS, ADVERTISING AND PROMOTIONAL AGENCIES, AGENTS, SUCCESSORS AND ASSIGNS FROM AND AGAINST ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF YOUR PARTICIPATION IN THE PIP BOUNTY PROGRAM AND/OR ANY DETERMINATION MADE ABOUT YOUR ELIGIBILITY IN THE PIP BOUNTY PROGRAM OR ANY PAYMENT THEREUNDER THAT MAY OR MAY NOT BE DUE TO YOU. YOU AGREE THAT POLYGON LABS AND ITS OFFICERS, DIRECTORS, EMPLOYEES, PARTNERS, AFFILIATED COMPANIES, SUBSIDIARIES, SUPPLIERS, DISTRIBUTORS, ADVERTISING AND PROMOTIONAL AGENCIES, AGENTS, SUCCESSORS AND ASSIGNS ARE NOT LIABLE FOR INJURIES, LOSSES OR DAMAGES OF ANY KIND ARISING FROM YOUR PARTICIPATION IN THE PIP BOUNTY PROGRAM AND ACCEPTANCE, POSSESSION AND USE OF THE BENEFITS OR PAYMENTS RECEIVED UNDER THE PIP BOUNTY PROGRAM. POLYGON LABS IS NOT RESPONSIBLE FOR ANY TYPOGRAPHICAL OR OTHER ERROR IN THE PUBLICATION OF THESE PIP BOUNTY TERMS OR ADMINISTRATION OF THE PIP BOUNTY PROGRAM OR ANNOUNCEMENT THEREOF.
You will be solely responsible for all income tax liabilities that arise from or in any way relate to any benefit or payment that Polygon Labs conveys to you, including income taxes, sales, personal property, use, VAT, excise, withholding and self-employment taxes. Polygon Labs has the right to withhold from any amounts payable to you such foreign, federal, state or local taxes as may be required to be withheld under any Applicable Law. You agree to report the value of the benefit or payment you receive from Polygon Labs to all applicable legal and local authorities, and complete any required tax forms that Polygon Labs requests be completed prior to receiving your benefit or payment.
Polygon Labs may, without or without notice, revise these PIP Bounty Terms, including any benefits or payments, and publish amended versions thereof from time to time. Your participation or continued participation in the PIP Bounty Program constitutes your acceptance of any amendments to these PIP Bounty Terms.