TERMS & CONDITIONS (REFERRAL PROGRAM)
Blocktrade: means BlocktradeOperations OÜ, a company incorporated in Estonia under commercial register code 14901959 and registered as a virtual asset service provider with the Estonian Financial Intelligence Unit under the number FTV000299, whose registered office is at Maakri 19/21, 10145, Tallinn, Estonia as the operator of the Platform or any of its affiliates.
Crypto Assets: means a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically, including but not limited to Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), which can be traded and/or used via Services. Also referred to as Digital Assets or Virtual Assets.
Invitee: means a prospect User of the Platform, to whom an Inviter sends the Referral URL in order to, register on the Platform and benefit from a reward, in accordance with the Referral Terms.
Inviter: means a User of the Platform, who sends the Referral URL in order for, this Invitee to register on the Platform and benefit from a reward, in accordance with the Referral Terms.
Referral URL : means the link allowing the Invitee to benefit from the reward of the Referral Program, in accordance with these Referral Terms.
Referral Program means the reward system allowing Users of the Platform to earn rewards on their Blocktrade account, in return for inviting a friend.
Referral Terms: means these terms, giving the legal scope of the Referral Program.
User: means a natural or legal entity, who uses the Platform or in any way uses the services of Blocktrade’s Platform.
2.1 Blocktrade’s Referral Program is the whole process, implying a reward system which will grant BTC to the Inviter and BTC to the Invitee.
3. Referral Process
The Referral Process will happen in 6 steps:
i. upon request on the Platform, the User can receive a Referral URL within their account. At that point, the User becomes an Inviter.
ii. only starting from the Referral URL received can the Invitee onboard onto the Platform to set up an account.
iii. the Invitee should accept the terms of the Referral Program, then start the setup of their account at Blocktrade.
iv. upon completion of the steps displayed on the Referral URL, the Invitee will receive a link to confirm the setup of the account.
v. the Invitee will then be required to fulfill the KYC requirements once registered, to have a fully operational account, allowing for transactions.
vi. only when the account is fully setup and operational can the Invitee receive the reward.
4. Referral Rules
4.1 The reward shall only be granted upon four successful criteria:
i. the Invitee initiates their onboarding from the Referral URL
ii. the KYC requirements have been fulfilled and approved by Blocktrade and the account is fully operational.
iii. the Invitee deposits an initial deposit of EUR 100 minimum on the account
iv. at least EUR 100 is invested into Crypto Assets on the Platform
4.2 The reward is only guaranteed in BTC for the Inviter upon completion of the Referral Program.
4.3 The reward is only granted to the Invitee and Inviter in BTC and both sides can convert into Euro or withdraw. The sole purpose of such BTC is to be traded on the Platform.
4.4 Referral link is available for existing Users at https://trade.blocktrade.com/referral
5. Reward benefit
5.1 Upon completion of the process both the Inviter and the Invitee will be rewarded amounts in BTC.
5.2 Rewards can be accessed on the following link http://trade.blocktrade.com/activity or the Activity page in Blocktrade’s apps.
6.1 Blocktrade reserves the right to withdraw, suspend, or change the terms of the Referral Program at any time, at its sole discretion. Changes of the terms will be displayed on the Platform, 14 days before it occurs.
Promoting your Referral URL through the use of paid advertising based on Blocktrade or Blocktrade-related keywords is prohibited. This includes, but is not limited to, bidding on or running ads on search based on keywords that include Blocktrade or variations thereon. Using “Blocktrade” branded terms, with any other mean than the Referral URL in your ad copy is not appropriate. Inviters who engage in such activities will have their Referral URLs deactivated and all referrals resulting from such activities are ineligible for referral payments.
6.3 The Invitee must complete execute the initial payment of the EUR 100 minimum, within 1 year from receiving the Referral URL.
6.4 Blocktrade does not pay out referral bonuses on duplicate or false accounts. Duplicate or shared financials will trigger a permanent ban of the new account or the existing User’s account, at Blocktrade’s sole discretion.