Red Packets on Base Terms and Conditions

How to Create a Red Packet

1. Sign In and Connect: Land on the homepage and sign in using Twitter/X (OAuth 2.0). Connect a compatible wallet (e.g., Coinbase Wallet).
2. Configure Your Packet: Navigate to the create page and set your parameters:
   • Total Amount: Deposit between $0.01 and $2,000.00 USDC.
   • Recipients: Choose between 1 and 200 total claims.
   • Split Type: Select either an equal split or a random split (bounded between 20% and 200% of the average share).
   • Expiration: Choose an expiration window of 1h, 6h, 12h, or 24h.
3. Finalize On-Chain: Approve the USDC spending and submit the transaction to the smart contract.
4. Share Your Link: Once created, you will receive a unique link or 8-character short code to share on X or copy directly.

How to Redeem a Reward

1. Access the Link: Click a shared Program link to view the packet info.
2. Open and Authenticate: Tap to open the packet. If prompted, sign in with Twitter/X and connect your wallet.
3. Eligibility Check: Your Twitter/X account must be at least 180 days old with a minimum of 100 followers to qualify. This can be variable as the Creator of the Red Packet has the ownership to adjust this at their discretion.
4. Claim Your USDC: After passing verification, submit the claim transaction to the smart contract. Each unique Twitter account and wallet address may claim a specific packet only once with a max of claiming 5 specific packets in a 24 hour period.

How to Withdraw Remaining Funds (Refunds)

1. Check Status: Navigate to “My Packets” to view the progress of your created packets.
2. Initiate Refund: For any packet with a remaining balance that has reached its expiration time, click the “Withdraw” button.
3. Close the Packet: Submit the refund transaction to the smart contract to transfer remaining USDC back to your wallet. Once refunded, the packet is closed and no further claims can be made.

Additional Terms

• Governing Agreements: This Program is subject to these Terms, the Coinbase User Agreement, and the Base Account and Base App Terms of Service.
• Privacy: Your data will be processed per the Coinbase Global Privacy Policy and the Base Account and Base App Privacy Policy.
• Eligibility: You must be 18+. The Program is not available in Cuba, Iran, North Korea, Syria, Russia, Dominican Republic, or any sanctioned OFAC countries.
• Gas Fees: Users are responsible for all on-chain transaction costs (ETH gas fees) for creating, claiming, or initiating a refund.

Limitation of Liability

Coinbase Bermuda Technologies Limited and their parent, affiliates, subsidiaries, program agencies and each of their respective directors, officers, employees, and assigns (collectively “Released Parties”) are not liable for any losses arising from smart contract bugs, blockchain network failures, third-party service outages (including Twitter/X and the Base network), or unauthorized access to your wallet or credentials.

Disclosure

The Red Packets on Base Program is provided by Coinbase Bermuda Technologies Limited. Users must be 18+ and not in excluded jurisdictions, see terms for eligibility. Requires Twitter/X OAuth and a compatible wallet. Use of the Program is subject to the Base Terms of Service and Privacy Policy. Deposits limited to $0.01–$2,000.00 USDC. Packets expire within 24 hours; unclaimed funds must be manually refunded by the creator after expiry. Total liability capped at $100 or 12-month deposit total. Void where prohibited.

Contact

For inquiries, contact @coinbase_au on X.