Swike is all about best content and creators play a key role in that. We want to demonstrate that by making our top content creators part owners in the business!
Rules
1 million users: the reward will be triggered as soon as we reach this threshold
‘Users’ is defined as ‘active’ accounts as per the Swike admin dashboard
Winners: the ‘top 20’ creators
Top 20 is defined as the 20 highest profiles on the ‘Top 100’ list. This is a list of the accounts with the most ‘Top 100’ posts on Swike
This list will be taken as at the moment that the 1m user threshold is reached
Prize: 20% of Swike Ltd. in shares
This will be split evenly amongst the winners
Shares will be issued within 90 days
Share Ownership
‘Winners’ will receive class C ordinary shares in Swike Limited
These shares will not grant voting rights
These shares will not receive dividends
These shares may be diluted during future funding rounds
Gift hold over relief will be applied
Market value – Swike Ltd. cannot guarantee that you will be able to sell these shares
Realisation of value typically occurs once the company has listed on a public exchange or been sold
Owning shares in a startup company often carries significant risks. These shares will hold no value in the event that Swike Ltd. goes into liquidation
General Terms
Swike Ltd. retains the right to change the terms or cancel this offer at any time
Swike Ltd. retains the right to withdraw this offer from anyone who has broken Swike’s ‘standards‘
Swike Ltd. will not be liable for any tax liabilities due to or from those receiving shares
Swike Ltd. may require recipients of shares to sign a shareholder agreement
This offer is only available over the age of 18 (or 16 with parental consent / custody of shares)
This offer is subject to the laws of England and Wales
