Rules of "Referral Race" Campaign
Referral Race Promo (“the Promo”) is available for existing Nexo clients, who can enter the Promo as Referring Participants, and for new clients who have not previously opened Nexo Accounts and can enter the Promo as Referred Participants.
“Referring Participant” is a Nexo client who invites a Referred Participant to participate in the Promo by sending a referral link available in their Nexo Account. “Referred Participant” is an individual who has not previously opened a Nexo Account and is invited to participate in the Promo from a Referring Participant. The Promo shall be conducted within the period from 00:00 (UTC) on 26.05.2022 until 23:59 (UTC) on 26.07.2022 (“the Promo Period”).
Both Referring Participants and the Referred Participants shall receive a referral bonus of $25 payable in BTC (“the Referral Bonus”) when the following conditions shall be met:
- The Referred Participant has registered their Nexo Account following a referral link, received from a Referring Participant;
- The Referred Participant has completed their Identity Verification on the Nexo Platform;
- The Referred Participant has topped up* Digital Assets of at least $100 into their Nexo Account which should be held for a period of at least 30 (thirty) days as of the topping-up (“the Retention Period”);
- The Referred Participant should have in their Nexo Account digital assets of at least $100 on the 30th day following the topping up time;
- All Participants comply with the present Rules, and the terms and conditions of the Nexo Wallet General Terms and Conditions and Nexo Earn Product General Terms and Conditions** (together referred as to “General Terms”);
- The Referral Bonus shall be paid by Nexo to the eligible Nexo Accounts at the end of the Retention Period.
In addition to the Referral Bonus, a prize pool of a total of $50,000 (fifty thousand dollars), shall be distributed between the top 50 Referring Participants (“the Winners”). Depending on the total number of their eligible Referred Participants for the Promo Period, every Winner shall receive the following prize:
- Place 1-5: $5,000
- Place 6-10: $2,000
- Place 11-20: $700
- Place 21-30: $400
- Place 31-50: $200
Nexo will announce on the Referral Promo Page three mid-term rankings of all Referring Participants. The final ranking will be announced on the Referral Promo Page by 30.08.2022. The prizes will be paid-out in NEXO or BTC to the Winner’s Nexo Account within the period 25.08.2022 - 01.09.2022. Prizes to Winners from the USA (US residents or citizens) shall be paid out in BTC only. Requests for cash substitution, as well as requests for transfer or assignment of bonus to third parties, shall not be allowed nor considered by Nexo
Nexo has the right to maintain the integrity of the Promo and in any event of fraud or fraud attempt, at its sole discretion, to revoke, deny or withdraw bonus, to block user’s access to particular products, and/or exclude a user from any future promotional offers.
By participating in the Referral Race Promo, every Participant declares their full and unconditional consent to the above requirements and the General Terms and accepts as final and binding all Nexo’s decisions with regard to the Promo. All relations between Nexo and the participants will be governed by the General Terms and the applicable law, as defined by the General Terms.