Terms & Conditions

Pyth Community Hackathon
1

Pyth Playground — Terms & Conditions

1. Overview

1.1 Main Parties

  1. Pyth Playground (the “Hackathon”) is a community-driven event organized by PYTH DAO LLC, PO Box 852, Long Islands Rd Majuro, Marshall Islands MH 96960 (the “Organizer”, the “DAO” or “we”). The Hackathon encourages participants to build open-source projects utilizing Pyth Network capabilities.

  2. “Participant” or “you” refer to any individual taking part in the Hackathon and agreeing to these Terms & Conditions as part of their participation.

  3. The Pyth Community Council (the “Council”) is an elected body of the Organizer responsible for the management of community platforms, initiatives, campaigns and other programs which develop community engagement within the DAO. The Council operates with its own allocated budget and governance structure. The Council is the corporate body within the DAO responsible for organizing the Hackathon.

1.2 Independence of Other Pyth Legal Entities

  1. The DAO operates independently from the Pyth Data Association, Grabenstrase 25, 6340 Baar, a non-profit association incorporated under the laws of Switzerland, under registration number CHE-325.103.020 (“PDA”). The Hackathon, these Terms and Conditions, any other contractual or other legal obligations entered into by the Participant are not entered into with the PDA, nor does the PDA sponsor, organize or participate in the Hackathon.

1.3 Binding Effect of Terms & Conditions

  1. These Terms and Conditions constitute a legally binding agreement between the Organizer and each Participant. By registering for, accessing, or participating in the Hackathon, the Participant confirms their full acceptance of, and agreement to be bound by, these Terms and Conditions.

  2. If the Council determines that a Participant has breached these Terms & Conditions, the Council may, with immediate effect, disqualify the Participant (or their team) from the Hackathon and/or revoke prize eligibility.

2. Participant Eligibility Requirements

  1. Participation in the Hackathon is subject to the Participant’s compliance with the requirements set out in this Section 2, which apply at the start of, during, and at the end of the Hackathon.

2.1 Age

  1. The Participant must be 18 years of age or older at the time of registration.

2.2 Excluded Jurisdictions

  1. Participants located in, ordinarily resident in, or nationals of countries or territories subject to comprehensive sanctions are not eligible to participate. This includes, without limitation:

  • North Korea

  • Iran

  • Cuba

  • Crimea region

  • Myanmar

  • Donetsk People’s Republic

  • Luhansk People’s Republic

  • Syria

  • Any other jurisdiction subject to OFAC comprehensive sanctions

  1. By participating, the Participant represents and warrants that they are not located in, ordinarily resident in, or a national of any such restricted jurisdiction.

2.3 Teams

  1. Participation is permitted individually or in teams of no more than two participants. All team members must individually satisfy the eligibility requirements set out in Section 2 of these Terms and Conditions. Each Participant may be a member of only one team per Hackathon.

2.4 Participants Making a Contribution to the DAO

  1. Participants who regularly contribute to the DAO (a “Contribution” meaning any recurring or ongoing provision of services or work product to or for the DAO, whether paid or unpaid, including as an employee, contractor, advisor, service provider, contributor, staker or volunteer) are permitted to participate in the Hackathon; however, they are excluded from eligibility to receive any prize.

  2. Each Participant must disclose at the application stage whether they make, or reasonably expect to make during the Hackathon, a Contribution.

  3. For the avoidance of doubt, participation in the Hackathon does not create any employment, contractor, partnership or agency relationship between the Organizer and any Participant.

3. Project Submission and Requirements

3.1 Submission Requirements

  1. Each project must be submitted no later than April 1st, 2026. Late submissions may be rejected. The Organizer will provide a submission process, further set out in the Hackathon announcement (the “Official Submission Process”).

  2. The submission must satisfy any content requirements set out in the Hackathon announcement.

3.2 Technical Requirements

  1. All submissions must:

i. Utilize at least one Pyth Network feature (Price Feeds, Entropy, or Pyth Pro); ii. Include a working demonstration or live deployment; iii. Provide source code via public repository (GitHub, GitLab, etc.); iv. Post about your project on Reddit, Dev.to, or equivalent platform; and v. Be submitted through the Official Submission Process before the deadline.

3.3 Licensing Requirements

  1. All submissions must be released under the Apache License 2.0, consistent with Pyth Network’s own licensing. By submitting an entry, the Participant represents and warrants that they have the right to license the submission under the Apache License 2.0 and agree that the submission will be publicly available and may be reproduced, modified and distributed by the public in accordance with the terms of that license.

3.4 Intellectual Property

  1. The Participant retains all ownership and intellectual property rights in their submissions and any underlying code, designs, or content created during the Hackathon, subject to the licenses granted herein.

  2. The Participant represents and warrants that their participation in the Hackathon is done in their individual capacity, and not as a representative or agent of any employer, university, or other organization, and that they are not bound by any contractual restrictions with any other third party which may limit their ability to participate in the Hackathon and to fully comply with these Terms & Conditions.

  3. The Participant is responsible for ensuring that their submission does not infringe upon the intellectual property rights of any third party. If a submission incorporates third-party code or assets, the Participant must ensure they have the necessary licenses or permissions for such use and must clearly attribute all third-party intellectual property.

  4. Use of Pyth Network branding must comply with official brand guidelines. Submissions may reference Pyth but should not imply official endorsement.

3.5 Winning & Judging

  1. If there is a winner of the Hackathon, the Organizer reserves the right to determine the winner, including the composition of the panel of judges.

4. Prize

  1. If a winner is selected for the Hackathon, such winner shall be entitled to receive a prize as determined by the Organizer. Prizes are awarded in PYTH tokens. The prize amounts and structure shall be set out in the Hackathon announcement. The Organizer reserves the right to modify the prize amount and structure for subsequent iterations of the Hackathon.

  2. The Participant acknowledges that distribution of any prize is contingent upon passing of KYC identification requirements imposed by the Organizer. If the Participant fails or refuses to provide such information or fails any required checks, the Participant may be disqualified from prize eligibility and the prize may be withheld or reallocated to another Participant.

5. Disqualification

  1. The Council may, at its sole and absolute discretion, disqualify any submission at any time for any reason, including if it determines that the submission: (i) violates any eligibility requirements; (ii) contains plagiarized, infringing or misappropriated code; (iii) includes malicious, harmful or deceptive functionality; (iv) violates any applicable laws or regulations; or (v) misrepresents Pyth integration or functionality. All determinations of the Council are final and binding.

6. Liability

6.1 No Guarantees

  1. Participation in the Hackathon does not guarantee receipt of any prize, reward, or recognition.

  2. The Council reserves the right to modify, suspend, or cancel the Hackathon at any time, for any reason, and without prior notice.

  3. Technical issues, failures, delays or limitations relating to Pyth network services (including, but not limited to data feeds, APIs, smart contracts, or infrastructure) do not constitute grounds for appeal and do not create any obligation for the Organizer.

6.2 Cryptocurrency Risks

  1. Participants acknowledge and agree that any PYTH tokens awarded or transferred in connection with the Hackathon are subject to significant price volatility and may lose some or all of their value, that token transfers and any prize distribution may be delayed, or otherwise affected by blockchain and network conditions (including congestion, forks, outages, validator or RPC issues) and may incur network fees, that the Organizer is not responsible or liable for any losses arising from wallet or address errors (including incorrect wallet addresses provided by a Participant), loss of private keys or seed phrases, compromised wallets, phishing or other security incidents, or any irreversible or failed transfer, and that the legal and regulatory treatment of tokens and token transfers (including tax reporting and liability) varies by jurisdiction and may change, and each Participant is solely responsible for ensuring their participation in the Hackathon and receipt, holding, use and/or transfer of any tokens complies with applicable laws and for obtaining independent legal and tax advice where needed.

6.3 Limitation of Liability

  1. To the maximum extent permitted by law, the Organizer, the Council, PDA, and its affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your participation in the Hackathon.

6.4 Third-Party Platforms

  1. The DAO or the Council might ask the Participant to use a third-party platform to participate in the Hackathon. Any use of a third-party platform (like GitHub, Discord, Discourse etc.) is governed solely by that third party’s applicable terms of service, acceptable use policies, and privacy policies, and participants are responsible for reviewing and accepting (and continuing to comply with) such terms. The Organizer is not affiliated with, does not control, and does not endorse any third-party platforms, and it does not provide any support, representations, warranties, or guarantees regarding the availability, security, functionality, or suitability of any third-party platform.

7. Tax Obligations

  1. Token prizes have monetary value and may constitute taxable income in the Participant’s jurisdiction.

  2. The Participant is solely responsible for compliance with their local tax obligations arising from token rewards.

8. Privacy & Data

8.1 Data Collection

  1. By registering for and participating in the Hackathon, the Participant acknowledges and consents that the Organizer may collect and process the following categories of personal data:

i. Discord handle and/or Pyth forum username; ii. Wallet address for the purpose of prize distribution; iii. Submission materials and associated metadata; and iv. Any additional information voluntarily provided by the Participant during registration.

  1. If the Participant is selected as a winner (or potential winner), the Organizer (and/or its designated KYC or payment service provider) may require the Participant to complete identity verification and screening checks in order to receive any prize, including by providing valid government-issued photographic identification and proof of address (for example, a recent utility bill or bank statement) and any other information reasonably required to comply with applicable laws and regulations (including anti-money laundering, sanctions and counter-terrorist financing requirements).

8.2 Use and Sharing of Data

  1. The data collected pursuant to Section 8.1 will be used solely for the following purposes:

i. Hackathon administration, operation and communication; ii. Verification of Participant eligibility and compliance with these Terms and Conditions; iii. Prize distribution; and iv. Public display, promotion of submissions and winners.

  1. To the extent necessary for the purposes set out above, personal data may be shared with third parties, including but not limited to service providers, partners, and competent authorities. This includes sharing relevant personal data with the PDA and/or other designated third-party providers for the purposes of conducting KYC, AML, or similar compliance checks in connection with prize distribution.

  2. All third parties receiving personal data will process such data in accordance with applicable data protection laws and solely for the purposes for which it is disclosed.

8.3 Data Retention

  1. Submission data and winner information may be retained indefinitely for record-keeping, historical and promotional purposes. Contact and registration information will be retained for the duration of the Hackathon and for up to twelve (12) months thereafter, unless a longer retention period is required or permitted by applicable law.

9. Modifications

  1. The Council reserves the right to modify these terms at any time. Material changes will be communicated through official channels. The Participant agrees that continued participation after modifications constitutes acceptance.

10. Failure to Comply

  1. Failure to comply with these Terms and Conditions may imply your immediate disqualification from the Hackathon. Additionally, we reserve the right to take any available legal action against you if you fail to comply with these Terms and Conditions, including enforcement of our intellectual property rights.

11. Governing Law and Jurisdiction

11.1 Governing Law

  1. These Terms and Conditions shall be governed by and construed in accordance with the substantive laws of Marshall Islands, to the exclusion of the principles of conflicts of laws thereof.

11.2 Jurisdiction

  1. These Terms and Conditions are intended as guidelines for a decentralized community initiative. Prior to engaging in traditional methods of dispute resolution, disputes should be resolved through the Organizer’s community governance processes where possible.

  2. Any dispute, controversy or claim arising out of or in relation to these Terms and Conditions or future non-contractual claims including the validity, invalidity, enforceability, interpretation, execution, breach, modification or termination thereof, shall be submitted to the exclusive jurisdiction of the courts of Marshall Islands.

Submission Template
Pyth Community Hackathon Official Rules