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China's national development and reform comission rejected bitcoin as an industry in the country. The country of cyryto currency mining in the Chinese economic planning agency, Guidance sector restructuring catalog allowed in an industrial zone. China's top economic planning agency has ben categorized as an industry that would proviously be banned from a bitcoin mining country.The new catalog for restruring the guidance sector will be effective from 1 january 2020. In April this year the NDRC listed bitcoin mining as an industry that is being phased out of the country for failing to comply with applicabke laws and regulations. In its most recent year, however, the economic planning agency did not mention bitcoin or any other crypto mining that should leave the country. When the NDRC published its first industry reform catalog in 2005, it closes and recommends the establishment of different sector types. In preparation for the NDRC in 2011, the repor advocated the removal of bitcoin mining from the industry. Currently China is responsible for most of the bitcoin mining in the world.

NO PURCHASE IS NECESSARY TO ENTER OR WIN. A PURCHASE DOES NOT INCREASE THE CHANCES OF WINNING.1. Eligibility: Sweepstakes (the “Sweepstakes”) is open only to those who sign up at the WOOTRADE Instagram page and who are 18 years old as of the date of entry. The sweepstakes is void where prohibited by law. Employees of WOOTRADE (the “Sponsor”) their respective affiliates, subsidiaries, advertising and promotion agencies, suppliers and their immediate family members and/or those living in the same household of each are not eligible to participate in the Sweepstakes. The Sweepstakes is subject to all applicable federal, state and local laws and regulations. Void where prohibited.2. Agreement to Rules: By participating, you agree to be fully unconditionally bound by these Rules, and you represent and warrant that you meet the eligibility requirements set forth herein. In addition, you agree to accept the decisions of WOOTRADE, as final and binding as it relates to the content. The Sweepstakes is subject to all applicable federal, state and local laws.3. Sweepstakes Period: Entries will be accepted online starting on or about 12/05/2019 and ending 1/6/2020. All online entries must be received by 1/20/2020 11:59AM EST.4. How to Enter: The Sweepstakes must be entered by tagging two or more friends in the comment of any of the Instagram posts announcing the Sweepstakes on the WOOTRADE's Instagram page (only existing followers of the WOOTRADE Instagram page @WOOTRADE can enter). The entry must fulfill all sweepstakes requirements, as specified, to be eligible to win a prize. Entries that are not complete or do not adhere to the rules or specifications may be disqualified at the sole discretion of WOOTRADE. You may enter only once and you must fill in the information requested. You may not enter more times than indicated by using multiple identities or devices in an attempt to circumvent the rules. If you use fraudulent methods or otherwise attempt to circumvent the rules your submission may be removed from eligibility at the sole discretion of WOOTRADE.5. Prizes: The winners will receive US$500 worth of BTC (Bitcoin) token from @WOOTRADE. Actual/appraised value may differ at time of prize award (due to market price fluctuations, transaction and mining fees, etc.). The specifics of the prize shall be solely determined by the Sponsor. No cash or other prize substitution permitted except at Sponsor's discretion. The prize is non-transferable. Any and all prize related expenses, including without limitation any and all federal, state, and/or local taxes shall be the sole responsibility of the winner. No substitution of prize or transfer/assignment of prize to others or request for the cash equivalent by winners is permitted. Acceptance of prize constitutes permission for WOOTRADE to use winner's name, likeness, and entry for purposes of advertising and trade without further compensation, unless prohibited by law.6. Odds: The odds of winning depend on the number of eligible entries received.7. Winner selection and notification: Winners of the Sweepstakes will be selected in a random drawing under the supervision of the Sponsor. Winners will be notified via email and/or direct message to the email address/social media account they provided with within five (5) days following the winner selection. WOOTRADE shall have no liability for a winner's failure to receive notices due to winners' spam, junk e-mail or other security settings or for winners' provision of incorrect or otherwise non-functioning contact information. If the selected winner cannot be contacted, is ineligible, fails to claim the prize within 24 hours from the time award notification was sent, or fails to timely return a completed and executed declaration and releases as required, prize may be forfeited and an alternate winner selected.The receipt by winner of the prize offered in this Sweepstakes is conditioned upon compliance with any and all federal and state laws and regulations. ANY VIOLATION OF THESE OFFICIAL RULES BY ANY WINNER (AT SPONSOR'S SOLE DISCRETION) WILL RESULT IN SUCH WINNER'S DISQUALIFICATION AS WINNER OF THE SWEEPSTAKES AND ALL PRIVILEGES AS WINNER WILL BE IMMEDIATELY TERMINATED.8. 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Terms: WOOTRADE reserves the right, in its sole discretion to cancel, terminate, modify or suspend the Sweepstakes should (in its sole discretion) a virus, bugs, non-authorized human intervention, fraud or other causes beyond its control corrupt or affect the administration, security, fairness or proper conduct of the Sweepstakes. In such case, WOOTRADE may select the recipients from all eligible entries received prior to and/or after (if appropriate) the action taken by WOOTRADE. WOOTRADE reserves the right at its sole discretion to disqualify any individual who tampers or attempts to tamper with the entry process or the operation of the Sweepstakes or website or violates these Terms & Conditions.WOOTRADE has the right, in its sole discretion, to maintain the integrity of the Sweepstakes, to void votes for any reason, including, but not limited to; multiple entries from the same user from different IP addresses; multiple entries from the same computer in excess of that allowed by sweepstakes rules; or the use of bots, macros or scripts or other technical means for entering.Any attempt by an entrant to deliberately damage any web site or undermine the legitimate operation of the sweepstakes may be a violation of criminal and civil laws and should such an attempt be made, WOOTRADE reserves the right to seek damages from any such person to the fullest extent permitted by law.This contest is in no way sponsored, administered or associated with Instagram, Inc. By participating, entrants confirm they are at least 18 of age, and release Instagram of any responsibility, as well as agree to Instagram's terms of use.10. Limitation of Liability: By entering you agree to release and hold harmless WOOTRADE and its subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers and directors from any liability, illness, injury, death, loss, litigation, claim or damage that may occur, directly or indirectly, whether caused by negligence or not, from (i) such entrant's participation in the sweepstakes and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof, (ii) technical failures of any kind, including but not limited to the malfunctioning of any computer, cable, network, hardware or software; (iii) the unavailability or inaccessibility of any transmissions or telephone or Internet service; (iv) unauthorized human intervention in any part of the entry process or the Promotion; (v) electronic or human error which may occur in the administration of the Promotion or the processing of entries.11. Disputes: THIS SWEEPSTAKES IS GOVERNED BY THE LAWS OF THE UNITED STATES AND MIAMI, FLORIDA, WITHOUT RESPECT TO CONFLICT OF LAW DOCTRINES. As a condition of participating in this Sweepstakes, participant agrees that any and all disputes which cannot be resolved between the parties, and causes of action arising out of or connected with this Sweepstakes, shall be resolved individually, without resort to any form of class action, exclusively before a court located in MIAMI, FLORIDA having jurisdiction. Further, in any such dispute, under no circumstances will participant be permitted to obtain awards for, and hereby waives all rights to claim punitive, incidental, or consequential damages, including reasonable attorneys' fees, other than participant's actual out-of-pocket expenses (i.e. costs associated with entering this Sweepstakes), and participant further waives all rights to have damages multiplied or increased.12. Privacy Policy: Information submitted with an entry is subject to the Privacy Policy stated on the WOOTRADE Web Site. To read the Privacy Policy, WOOTRADE please visit WOO.TRADE.13. Winners List: To obtain a copy of the winner's name or a copy of these Official Rules, email your request to: Vicki@kronostoken.com. Requests must be received no later than 1/20/2020.14. Sponsor: The Sponsor of the Sweepstakes is WOOTRADE in Taipei, Taiwan.