Tournament Participation, Marketplace & RGP Coin Transaction

Last Updated: 06/03/2025

This section of the Terms & Conditions outlines the rules for tournament participation, prize distribution, the Racing Gym Marketplace for buying/selling RGP Coins, and the Racing Gym Wallet System for withdrawals. By participating in tournaments or using the marketplace, users agree to these terms.

1. Tournament Rules & Prize Distribution

1.1 Tournament Participation

Racing Gym tournaments are skill-based competitions, where winners are determined by player performance, not chance.
Players enter tournaments using IC Coins, which are distributed monthly by Racing Gym or earned through gameplay.
IC Coins cannot be purchased, traded, or withdrawn; they are only used for tournament and practice game participation.
If a user runs out of IC Coins and wants to continue playing, they must acquire RGP Coins from other users in the Racing Gym Marketplace.

1.2 Tournament Entry Fees & Prize Distribution

Racing Gym operates on a Fixed Prize Model to ensure fair play and legal compliance.
The total prize pool is pre-determined and does not fluctuate based on the number of players in the tournament.
A portion of entry fees is allocated for tournament management costs, ensuring the sustainability of Racing Gym events.

Example Tournament Prize Breakdown

Entry Fee per Player: 100 IC Coins
Total Players: 21
Total Entry Fees Collected: 2,100 IC Coins
Total Prize Pool: 1,500 IC Coins (pre-set)
Management Fee: 600 IC Coins (retained by Racing Gym for platform operations)

Fixed Prize Distribution

1st Place: 40% of 1,500 = 600 IC Coins
2nd Place: 30% of 1,500 = 450 IC Coins
3rd Place: 20% of 1,500 = 300 IC Coins
4th Place: 10% of 1,500 = 150 IC Coins

2. Selling & Withdrawing RGP Coins

2.1 Selling RGP Coins via the Marketplace (No Fee)

Users may list RGP Coins for sale on the Racing Gym Marketplace, provided they meet the minimum listing requirement of £30 worth of RGP Coins.
Racing Gym does not charge a transaction fee for sales conducted via the marketplace; however, Stripe’s standard transaction fees may apply.
Buyers may purchase RGP Coins using Stripe-supported payment methods, including bank cards and PayPal.
Upon successful purchase, the seller will receive the payment directly to their Stripe account after standard processing times.

2.2 Withdrawing RGP Coins via Racing Gym (20% Fee)

Users who prefer to withdraw RGP Coins directly, rather than selling them via the marketplace, may request a withdrawal.
A minimum withdrawal amount of £30 applies, and a 20% transaction fee will be deducted from the withdrawal amount.
Withdrawals are processed on a weekly or monthly basis, subject to Racing Gym's payment schedule.
Funds will be transferred to the user's Stripe account following completion of all security and compliance checks.

3. Marketplace Rules & Verification Requirements

3.1 Seller Verification

To activate a seller account and list RGP Coins for sale, users must:

Complete identity verification (KYC) using government-issued identification.
Verify their Stripe account before making any sales.
Agree to the Racing Gym Marketplace Terms.

3.2 Buyer Verification for Large Purchases

Buyers who purchase more than £100 worth of RGP Coins must:

Complete identity verification (KYC) before completing the purchase.
Ensure that their payment method (bank card or PayPal) is valid and authorized.
Comply with Racing Gym’s fraud detection and transaction monitoring policies.

4. How the Marketplace Works

Users who win RGP Coins through tournaments may list their RGP Coins for sale in the Racing Gym Marketplace, provided they meet the minimum listing amount of £30.
Buyers may purchase RGP Coins using Stripe-supported payment methods.
Upon successful transaction, RGP Coins will be transferred to the buyer’s account, and the seller will receive funds directly into their Stripe account.
Racing Gym does not facilitate external transactions or peer-to-peer exchanges outside of the marketplace. Any attempt to conduct sales outside of Racing Gym’s platform may result in account suspension.

5. Engagement Rewards & VIP Benefits

5.1 Weekly High-Stakes Tournaments

Racing Gym may host special high-stakes tournaments with larger prize pools to allow users to earn RGP Coins more efficiently.
Certain tournaments may feature guaranteed prize pools funded by Racing Gym, providing additional earning opportunities.

6. Fair Play & Compliance

Racing Gym operates as a skill-based competition platform and does not facilitate gambling or games of chance.
Only verified sellers are permitted to list RGP Coins for sale within the Racing Gym Marketplace.
All marketplace transactions must be conducted within Racing Gym’s platform and processed via Stripe.
External trading is strictly prohibited.

7. System Failures, Technical Issues, & Player No-Shows

7.1 System Failures & Technical Issues

(a) Server or Game Crashes

If Racing Gym servers experience a major failure affecting multiple players, the race will be rescheduled.
If a race is interrupted midway due to a system error, results will be reviewed and a rematch may be scheduled.
If the issue occurs near the race’s end, results will be based on the last recorded standings.

(b) Player Disconnects & Game Crashes

If a player disconnects within the first 30 seconds, they are allowed one rejoin attempt if the system supports it.
If they disconnect after 30 seconds, their race will be considered forfeited unless the issue is caused by Racing Gym’s system.
If multiple players experience simultaneous disconnections due to a system-wide issue, the race may be restarted.

(c) Equipment & Sensor Malfunctions

Players are responsible for ensuring their bike sensors and devices are working properly before the race.
If a sensor fails before the race starts, players may request to switch devices or reschedule.
If a sensor fails during the race, the player must continue; no restarts will be given unless the issue affects multiple players.

7.2 Player No-Shows & Late Joins

(a) Grace Period

Players must join their assigned race at least 2 minutes before the scheduled start time.
A 1-2 minute grace period will be given for late joiners, after which the race starts.

(b) Failure to Join a Race

If a player fails to join before the race begins:

They will be marked as "Did Not Start" (DNS) and will not advance to the next round.
If backup players are available, they may take the missing player's spot.

Players who miss two races without valid reasons may be disqualified from the tournament.

(c) Race Start with Fewer Players

If a race has at least 15 players, it will continue as scheduled.
If fewer than 15 players show up:

The race may be rescheduled at the discretion of Racing Gym admins.
Qualification slots may be adjusted (e.g., instead of top 10, only top 8 may qualify).

7.3 Dispute Resolution for Technical Issues

Players who believe a technical issue unfairly affected their performance may file a dispute within 10 minutes after the race.
Disputes must include proof (game logs, screenshots, or video evidence).
Racing Gym officials will review each case and make a final decision, which is not subject to appeal.