Sports – Lebanese Business Headlines http://www.lebanesebizheadlines.com Fri, 08 Mar 2024 05:01:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 WTA Foundation and Gates Foundation launch new campaign—Women Change the Game—to urge action on women’s health and nutrition http://www.lebanesebizheadlines.com/2024/03/08/?p=317141/ http://www.lebanesebizheadlines.com/2024/03/08/?p=317141/#respond Fri, 08 Mar 2024 05:01:00 +0000 http://www.lebanesebizheadlines.com/?p=317141 St. Petersburg, Fla. and Seattle, March 08, 2024 (GLOBE NEWSWIRE) — Today, on International Women’s Day, the WTA Foundation and the Bill & Melinda Gates Foundation unveiled Women Change the Game, a new campaign uniting the power of women’s tennis and philanthropy to elevate women’s health and nutrition as a global priority. A key component of the campaign is the first–of–its–kind WTA Foundation Global Women’s Health Fund. With an inaugural donation from WTA Tour title sponsor Hologic, in its first year, the Fund will focus on a key aspect of preventive care: It aims to support at least one million women with prenatal vitamins in low– and middle–income countries where access to adequate nutrition for maternal health is limited.

“Throughout my life, tennis has given me a pathway to pursue my dreams, and I know first–hand how important it is to have access to the right health care and nutrition,” said Caroline Wozniacki, former WTA World No. 1 champion, and mother of two. “On International Women’s Day and beyond, I am proud to shine a light on women’s health and nutrition in the hopes that all women can reach their full power and potential.”

Women spend 25% more of their life in poor health than men, according to a 2024 report by the World Economic Forum. This significant health gap impacts women’s quality of life and limits their ability to engage in the workforce and earn a living for themselves and their families. And in the face of global crises—humanitarian disasters, war, and climate change—women and girls suffer the worst consequences.

“Every woman and girl deserves an equal opportunity to be her best—whether in school, at work, or on the tennis court,” said Naomi Osaka, four–time Grand Slam singles champion and new mom. “We are stepping up for women in need, because when we champion each other, we all win.”

Today, more than 1 billion women and girls lack access to the good nutrition and healthy diets they need to survive and thrive, with dire consequences for themselves and their children. Across the world, the gender nutrition gap is worsening. Women and girls are 50% more likely to suffer from malnutrition than boys and men. While the majority of expectant mothers in high–income countries take prenatal vitamins throughout their pregnancies, most women in low– and middle–income countries lack access to this simple, lifesaving resource. Prenatal vitamins provide key nutrients that dramatically reduce the risk of stillbirth, infant mortality, and babies born small and vulnerable, and they improve women’s health.

“It is unacceptable that so many women and girls don’t have access to adequate nutrition and basic care,” said Melinda French Gates, co–chair of the Bill & Melinda Gates Foundation. “The WTA Foundation was founded on the idea of equal opportunity, and that’s exactly what Women Change the Game is about. Nowhere is it more important to level the playing field than women’s health.”

Women Change the Game
Women Change the Game will engage global audiences through tennis—translating the power of elite athletes on the court into elite influence off the court—to take on some of the most pressing and urgent issues for women and girls. A critical component of the campaign is the new WTA Foundation Global Women’s Health Fund, which will mobilize resources for lifesaving women’s health and nutrition products and services that are readily available in high–income countries but are difficult to access or altogether unavailable in low– and middle–income countries.

The campaign features creative assets, including video, digital, and social content, that elevate the voices of elite women athletes in service of women’s equality and better health and nutrition for women worldwide. A series of activations across the Hologic WTA Tour will engage corporate sponsors, tournaments, philanthropic partners, athletes, and fans to raise awareness and funding for women’s health and nutrition. The campaign drives audiences to womenchangethegame.com to engage on the issues and donate.

The WTA Foundation Global Women’s Health Fund
The fundraising component of the partnership is the Global Women’s Health Fund, with the kick–off donation of $1.5 million coming from Hologic, title sponsor of the WTA Tour and one of the world’s top medical technology innovators focused on improving women’s health and well–being. Collaboration on the Fund marks the latest expansion of the WTA’s and Hologic’s comprehensive, multiyear alliance to elevate women’s well–being. The Fund leverages data insights from sources like the Hologic Global Women’s Health Index, which shows the interlocking importance of preventive care, access to adequate food and shelter, strong educational opportunities, and other critical resources for women and girls of all ages.

“Whether it’s prenatal vitamins for expectant mothers or routine screenings for breast and cervical cancers, we know that early intervention is pivotal to helping women live longer and better,” said Stephen P. MacMillan, chairman, president, and CEO of Hologic. “As the first donor to the Global Women’s Health Fund, we’re teaming up with the WTA Foundation and the Bill & Melinda Gates Foundation in urging others—businesses, foundations, governments, tennis fans—to join us in this crucial movement of improving women’s health.”

For at least the first year, every dollar raised through the Fund will be directed toward the Child Nutrition Fund, a global initiative aimed at ending child wasting led by UNICEF, with support from the U.K. government, the Children’s Investment Fund Foundation, the Bill & Melinda Gates Foundation, and other partners. UNICEF, a leader in global health and nutrition, has the worldwide footprint and local partnerships necessary to bring products and services directly into the hands of women in need around the world.

For more information about Women Change the Game and the WTA Foundation’s Global Women’s Health Fund, visit www.womenchangethegame.com.

About the WTA
Founded by Billie Jean King in 1973 on the principle of equal opportunity, the WTA is the global leader in women’s professional sports. The WTA is one of the world’s most recognizable and high–profile sports organizations, consisting of more than 1,600 players representing over 80 nations, all competing to earn WTA rankings points and prestigious tournament titles. The Hologic WTA Tour is comprised of over 70 events and four Grand Slams, spanning 30 countries and regions across six continents with a global audience of more than 1 billion. Further information on the WTA can be found at wtatennis.com.

About the WTA Foundation
Serving as the philanthropic arm of the leading women’s professional sport globally, the WTA Foundation empowers girls and women to live fully and supports our WTA communities worldwide through initiatives promoting equality, education, leadership, and health and wellness.

About the Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of Co–chairs Bill Gates and Melinda French Gates and the board of trustees.

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Gamer Pakistan Subsidiary K2 Gamer Announces Super Mega Pakistan Universities Esports Championship 2023-24 http://www.lebanesebizheadlines.com/2023/11/30/gamer-pakistan-subsidiary-k2-gamer-announces-super-mega-pakistan-universities-esports-championship-2023-24/ Thu, 30 Nov 2023 13:31:00 +0000 http://www.lebanesebizheadlines.com/?p=316465 HENDERSON, Nev., Nov. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer has launched the Super Mega Pakistan Universities Esports Championship 2023–24, a groundbreaking event poised to captivate the nation's gaming community. Set to kick off in the first week of December, this 45–day spectacle features an impressive 1 million PKR prize pool, promising intense competition among the country's top student gamers.

K2 Gamer Pakistan is registered with the Security and Exchange Commission of Pakistan (SECP) and a wholly owned subsidiary of the Gamer Pakistan Inc., the first USA based Pakistan esports company. It is dedicated to advancing esports across educational levels. Through strategic partnerships, the organization has signed Memorandums of Understanding (MOUs) with over 120 universities, collaborating with its affiliate, Elite Sports Pakistan (ESP), to promote esports throughout academia.

The championship follows a meticulously designed format, spanning 16 conferences in the qualifier round, progressing through group stages, zonal qualifiers, quarterfinals, semifinals, and culminating in the grand finals. All matches will be live–streamed, with the event anticipating the enthusiastic participation of over 1500 student gamers from universities across the nation.

The Super Mega Pakistan Universities Esports Championship 2023–24 unfolds in a series of competitive stages. It all begins with 256 teams in the Qualifiers, where the top 128 advance to the Group Stages. From there, only the top 64 move on to the Quarterfinals, and then the top 32 secure a spot in the Semifinals. The final showdown narrows down to the top 16 teams, competing for supremacy in the Grand Finals. This structured format ensures an exciting and challenging journey for participants, culminating in the crowning of the ultimate esports champion.

This championship signifies a historic milestone in the esports landscape, spotlighting Pakistan's vibrant gaming community on a national stage. The event is a testament to K2Gamer Pakistan's commitment to fostering esports talent and providing a platform for the nation's student gamers to showcase their skills.

"We are honored to announce that K2 Gamer's Super Mega Pakistan Universities Esports Championship 2023–24 will begin in early December and run for a total of 45 days with a 1 million PKR prize pool," said Muhammad Jamal Qureshi, CEO of K2 Gamer. "The size and scope of this championship is validation and recognition of the rapidly growing Esports industry and the tens of millions of Pakistani gamers, particularly at the University level. I would like to wish all of our competitors well."

About K2 Gamer

K2GAMER is a registered entity dedicated to promoting esports growth in Pakistan. The company was founded in 2022 and is headquartered in Nowsher, Pakistan. K2GAMER organizes and hosts esports events for schools, colleges, universities, and professional gamers. The company is also involved in developing and marketing esports products and services. K2 GAMER is a 90% owned subsidiary of Gamer Pakistan.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Gamer Pakistan believes it is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level. Operations are conducted through its subsidiary, K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949–491–8235
GPAK@mzgroup.us
www.mzgroup.us


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Gamer Pakistan Announces Closing of Initial Public Offering http://www.lebanesebizheadlines.com/2023/10/11/gamer-pakistan-announces-closing-of-initial-public-offering/ Wed, 11 Oct 2023 20:52:47 +0000 http://www.lebanesebizheadlines.com/?p=315989 HENDERSON, Nev., Oct. 11, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced the closing of its initial public offering of 1,700,000 shares at a public offering price per share of $4.00. The Company's stock began trading on the Nasdaq Capital Market under the ticker symbol "GPAK".

The gross proceeds to Gamer Pakistan from the offering, before deducting the underwriting discounts and commissions and offering expenses, amount to $6.8 million. Gamer Pakistan expects to use the net proceeds from the offering to build infrastructure, organize and promote esports tournaments in Pakistan, increase staff, acquire one or more eGame developers, build an integration in to Trade Desk for the Sale of Data to Brands, and provide general working capital.

WestPark Capital, Inc. acted as the Lead Underwriter, and R. F. Lafferty the Book–Running Manager for the offering.

A registration statement on Form S–1 relating to the shares of common stock being sold in this offering was filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 28, 2023.

The offering is being made only by means of a prospectus. A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov. A copy of the final prospectus relating to this offering may also be obtained from WestPark Capital, Inc., Attn: Prospectus Department, 1800 Century Park East, Suite 220, Los Angeles, CA 90067 or by calling (310) 203–2919 or by emailing prospectus@wpcapital.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Operations are conducted through wholly–owned subsidiary K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949–491–8235
GPAK@mzgroup.us
www.mzgroup.us


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[INVNT GROUP]™ and MSM Form Strategic Partnership to Enhance Global Marketing Power of Talent and Brands across Motorsport Industry http://www.lebanesebizheadlines.com/2023/04/11/invnt-group-and-msm-form-strategic-partnership-to-enhance-global-marketing-power-of-talent-and-brands-across-motorsport-industry/ Tue, 11 Apr 2023 13:08:33 +0000 http://www.lebanesebizheadlines.com/?p=314569 New York, NY, April 11, 2023 (GLOBE NEWSWIRE) — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT and MSM, the global talent and motorsport agency announce a strategic business partnership offering best–in–class marketing and commercial solutions for talent, brands, and events across motorsports, entertainment and beyond.

With over 40 years of experience and a proven track record of building standout relationships between brands, drivers, teams, and championships at the pinnacle of motorsport, MSM has developed an approach that is tailor–made for clients to unlock their full potential across sponsorship, hospitality, and bespoke events.

MSM specializes in identifying, nurturing, and supporting partnerships for brands and racing talent, providing lifelong value across every facet of the motorsport industry.

Led by Scott Cullather, CEO of INVNT.ATOM and President and CEO of [INVNT GROUP], the GROUP represents a growing portfolio of complementary disciplines designed to help forward thinking brands everywhere, impact the audiences that matter, anywhere, including Lamborghini, Samsung, General Motors, Meta, PepsiCo, Rolls Royce and more. [INVNT GROUP] was recently named Best Global Media Agency by Autocar for the 2023 Automotive Marcomm Awards.

[INVNT GROUP] consists of modern brand strategy firm, Folk Hero; creative–led culture consultancy, Meaning; production studio & creative agency, HEV'; events and experiences for colleges and universities, INVNT Higher Ed; digital innovation and Web3 division, INVNT.ATOM; Hypnogram, the creative multimedia experience studio; and INVNT, the original Challenge Everything live brand storytelling agency.

"Our partnership with MSM is driven by our commitment to innovation–led brand storytelling across industries including automotive and motorsports, which continue to push culture forward. The MSM team brings a dynamic and historied expertise of the motorsport and entertainment sector. Our global [INVNT GROUP] team strategically leads brands and organizations towards the next frontiers of engagement and community building, activating impactful campaigns at scale. We're excited to explore the boundless possibilities of this partnership, providing access to and opportunities with world–class experiences and brands," said Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM.

MSM take pride in their longstanding association with the prestigious SCUDERIA FERRARI, the most successful and the most legendary motorsport brand globally, as well as their role as a certified introducer for several teams across Formula 1, the FIA World Endurance Championship and MotoGP, granting unique access to next–level commercial opportunities with each brand.

Racing talent currently managed by MSM includes Ferrari stars Giancarlo FISICHELLA, Antonio FUOCO and Antonio GIOVINAZZI. Team partners also include AF CORSE, a leader in the world of Hypercar and GT racing with Ferrari."

“We are thrilled to partner with [INVNT GROUP] and fuse our expertise in motorsport with their innovative portfolio of disciplines, fueling our brand storytelling capabilities across strategy, culture, experiential, digital, and Web3. Combined with the group's geographic spread across the world – which sync seamlessly with our key regional markets – this collaboration will undoubtedly strengthen our position as the go–to agency for all things motorsport, and we look forward to delivering even greater value and success for our clients,” noted Enrico Zanarini, Founder and CEO of MSM.

###

ABOUT [INVNT GROUP]

[INVNT GROUP] was established as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well–articulated BrandStory across all platforms.

With offices in New York, Sydney, London, Singapore, Dubai, San Francisco, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT represents a growing portfolio of complementary disciplines designed to help forward–thinking organizations everywhere, impact the audiences that matter, anywhere.

The GROUP consists of modern brand strategy firm, Folk Hero; creative–led culture consultancy, Meaning; production studio & creative agency, HEV'; events for colleges and universities, INVNT Higher Ed; digital innovation division, INVNT.ATOM; creative multimedia experience studio, Hypnogram; and the original live brand storytelling agency, INVNT.

For more information visit: https://invntgroup.com/

ABOUT MSM

MSM is a leader in the world of motorsport and has been fostering standout relationships between brands, drivers, teams and championships for over 40 years.

The team specialises in individual and corporate management, offering clients their expertise across the marketing mix. MSM is active in sponsorship facilitation, commercial opportunity development and execution, client representation, tailored hospitality offerings, and managing bespoke events on and off track.

Having spent four decades in the most innovative sporting environment, MSM has developed an approach that is tailor–made for partners to unlock their full potential.

MSM's deep insight and unparalleled know–how enable their partners to connect with both new and existing audiences in an authentic way, while also delivering measurable commercial impact.

For more information, https://msmgroup.com

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OKX offers $3M total prize pool as it bridges Web3 and football http://www.lebanesebizheadlines.com/2022/11/08/okx-offers-3m-total-prize-pool-as-it-bridges-web3-and-football/ Tue, 08 Nov 2022 12:00:00 +0000 http://www.lebanesebizheadlines.com/?p=312475 The OKX Football Festival will include an NFT game, a trading competition and special staking deals through OKX's Earn platform.

VICTORIA, Seychelles, Nov. 08, 2022 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume, today launched the OKX Football Festival in anticipation of national football teams meeting this month in Qatar. The OKX Football Festival consists of the NFT Football Cup, the 2022 OKX Football Cup Trading Competition and the Earn Super Hatrick
fan token staking series.

Kicking off the OKX Football Festival is the NFT Football Cup1, which offers a total of $1M in spot rewards. From November 8, fans will be able to mint up to three free NFTs2 corresponding to their favorite national teams. NFT holders will split spot rewards of 20,000 USDT each time their team advances through the group stages, with the prize pools for each eliminated team being transferred to the team that knocks them out. OKX will add 10 USDT to the prize pool for each NFT minted.3 Users will be allowed to participate in the event with any ETH wallet.

Find out more about the OKX NFT Football Cup here.

From mid November, fans will also be offered the chance to pit their crypto trading skills against one another in the 2022 OKX Football Cup Trading Competition. This contest will see teams of at least 10 traders compete for a total prize pool worth up to $2M. New user rewards, quiz–based prizes, and referral rewards will also be up for grabs.4

Haider Rafique, Chief Marketing Officer, OKX, said: "OKX is here to help people find new and innovative ways to celebrate their passions. As we raise our flags in support of our national teams this year, I hope these digital experiences help bring the crypto and football communities together and show newcomers the world of opportunities Web3 and crypto can offer them. OKX is investing heavily in its already leading Web3 Wallet and NFT Marketplace platforms, and I can confidently say that this exciting festival is only the beginning of the new opportunities we'll be offering."

Launching on November 11, the Earn Super Hatrick event will see a series of staking deals for the fan tokens of Manchester City ($CITY), Portugal ($POR), Argentina ($ARG), Flamengo ($MENGO) and the Chiliz ($CHZ) token offered. Potential APYs for the staked tokens will rise as high as 300% for $CITY and 200% for $POR, $ARG and $MENGO.5 $CITY is the official fan token of the Manchester City Football Club, for which OKX is the official cryptocurrency exchange partner.

From mid–November, OKX will also be offering the chance to win special Mystery Boxes that are themed for this winter's big tournament. Mystery Box holders will be offered the chance to win $CHZ, $ARG, $CITY and $POR tokens in addition to the reward tokens already on offer.6

For further information, please contact:
Media@okx.com

Disclaimer:
By participating, you agree that OKX's Web3 Ecosystem Terms of Service and OKX Terms and Conditions apply in full. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.

Trading competition terms and conditions:
OKX reserves the right to disqualify a user if they engage in inappropriate, fraudulent, or abusive activities during the competition (e.g., wash trading, volume faking, participating using multiple accounts, market manipulation, etc.).
If our risk control system detected similar trading strategies, only the participant with the highest P&L (%) or profit will be permitted to continue in the competition.
If our risk control system detected matched trading activities, all associated users will be disqualified from the competition. Users who cancel more than 10 orders per minute may be disqualified during the competition.
If a team leader from a top 10 team is disqualified, their share of the reward will be divided by the team's top 10 qualified members with a trading volume equal or greater than 10,000 USDT.
OKX reserves the right of final interpretation of the Terms & Conditions. If you have any questions, please get in touch with our customer service.

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

_______________________________________________
1 The OKX Web3 Ecosystem Terms of Service and the OKX Terms of Service apply. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.
2 Users will be required to stake 10 USDT per NFT, with their funds being returned in full after the tournament's completion.
3 Fans can also burn their NFTs at any time after minting ends in order to claim their share of their team's prize pool.
4 The OKX Terms of Service apply. Trading Competition Terms and Conditions also apply.
5 The OKX Terms of Service apply.
6 The OKX Terms of Service apply.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a206810c–29cd–47c6–bdc8–5da04b69e2e9


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OKX offers $3M total prize pool as it bridges Web3 and football http://www.lebanesebizheadlines.com/2022/11/08/okx-offers-3m-total-prize-pool-as-it-bridges-web3-and-football/ Tue, 08 Nov 2022 12:00:00 +0000 http://www.lebanesebizheadlines.com/?p=312473 The OKX Football Festival will include an NFT game, a trading competition and special staking deals through OKX's Earn platform.

VICTORIA, Seychelles, Nov. 08, 2022 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume, today launched the OKX Football Festival in anticipation of national football teams meeting this month in Qatar. The OKX Football Festival consists of the NFT Football Cup, the 2022 OKX Football Cup Trading Competition and the Earn Super Hatrick
fan token staking series.

Kicking off the OKX Football Festival is the NFT Football Cup1, which offers a total of $1M in spot rewards. From November 8, fans will be able to mint up to three free NFTs2 corresponding to their favorite national teams. NFT holders will split spot rewards of 20,000 USDT each time their team advances through the group stages, with the prize pools for each eliminated team being transferred to the team that knocks them out. OKX will add 10 USDT to the prize pool for each NFT minted.3 Users will be allowed to participate in the event with any ETH wallet.

Find out more about the OKX NFT Football Cup here.

From mid November, fans will also be offered the chance to pit their crypto trading skills against one another in the 2022 OKX Football Cup Trading Competition. This contest will see teams of at least 10 traders compete for a total prize pool worth up to $2M. New user rewards, quiz–based prizes, and referral rewards will also be up for grabs.4

Haider Rafique, Chief Marketing Officer, OKX, said: "OKX is here to help people find new and innovative ways to celebrate their passions. As we raise our flags in support of our national teams this year, I hope these digital experiences help bring the crypto and football communities together and show newcomers the world of opportunities Web3 and crypto can offer them. OKX is investing heavily in its already leading Web3 Wallet and NFT Marketplace platforms, and I can confidently say that this exciting festival is only the beginning of the new opportunities we'll be offering."

Launching on November 11, the Earn Super Hatrick event will see a series of staking deals for the fan tokens of Manchester City ($CITY), Portugal ($POR), Argentina ($ARG), Flamengo ($MENGO) and the Chiliz ($CHZ) token offered. Potential APYs for the staked tokens will rise as high as 300% for $CITY and 200% for $POR, $ARG and $MENGO.5 $CITY is the official fan token of the Manchester City Football Club, for which OKX is the official cryptocurrency exchange partner.

From mid–November, OKX will also be offering the chance to win special Mystery Boxes that are themed for this winter's big tournament. Mystery Box holders will be offered the chance to win $CHZ, $ARG, $CITY and $POR tokens in addition to the reward tokens already on offer.6

For further information, please contact:
Media@okx.com

Disclaimer:
By participating, you agree that OKX's Web3 Ecosystem Terms of Service and OKX Terms and Conditions apply in full. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.

Trading competition terms and conditions:
OKX reserves the right to disqualify a user if they engage in inappropriate, fraudulent, or abusive activities during the competition (e.g., wash trading, volume faking, participating using multiple accounts, market manipulation, etc.).
If our risk control system detected similar trading strategies, only the participant with the highest P&L (%) or profit will be permitted to continue in the competition.
If our risk control system detected matched trading activities, all associated users will be disqualified from the competition. Users who cancel more than 10 orders per minute may be disqualified during the competition.
If a team leader from a top 10 team is disqualified, their share of the reward will be divided by the team's top 10 qualified members with a trading volume equal or greater than 10,000 USDT.
OKX reserves the right of final interpretation of the Terms & Conditions. If you have any questions, please get in touch with our customer service.

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX's exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

_______________________________________________
1 The OKX Web3 Ecosystem Terms of Service and the OKX Terms of Service apply. Void where prohibited by Applicable Laws. Residents of Restricted Locations, Canada, Florida, and New York are not eligible to participate.
2 Users will be required to stake 10 USDT per NFT, with their funds being returned in full after the tournament's completion.
3 Fans can also burn their NFTs at any time after minting ends in order to claim their share of their team's prize pool.
4 The OKX Terms of Service apply. Trading Competition Terms and Conditions also apply.
5 The OKX Terms of Service apply.
6 The OKX Terms of Service apply.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a206810c–29cd–47c6–bdc8–5da04b69e2e9


GLOBENEWSWIRE (Distribution ID 8691200)

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