Refferal Agreement
REFERRAL AGREEMENT
Parties
This Referral Agreement (“Agreement”) is entered into between CryptonX (“Company”) and the individual or legal entity (“Referral Owner”) who refers new users to the CryptonX platform through a referral code.
Purpose of the Agreement
This Agreement sets forth the rights and obligations of the parties within the framework of the referral system established for acquiring new users on the CryptonX platform.
Definitions
- Referral Owner: A registered CryptonX user who brings new users to the platform.
- New User: A person who registers on CryptonX using the Referral Owner’s referral code.
- Referral Commission: The commission granted to the Referral Owner based on the amount deposited by the New User, credited as platform credits.
- Credit Balance: The balance where the Referral Owner’s earned commissions are stored, usable only within the CryptonX platform.
Referral System and Commission
- The Referral Owner can invite new users using their unique referral code.
- The New User must enter the Referral Owner’s code during registration.
- The Referral Owner receives a 1% commission based on the New User’s deposited balance.
- Earned commissions are credited as Credit Balance in the Referral Owner’s account.
- Credit Balance is only usable within CryptonX for services and transactions; it cannot be transferred or withdrawn as cash.
- CryptonX reserves the right to audit referral earnings to prevent misuse.
Payment and Usage Terms
- Credit Balance can only be used for bot usage, strategy purchases, and other paid services within CryptonX.
- The Referral Owner cannot transfer Credit Balance to another user or external wallet.
- CryptonX may modify commission rates and payment terms due to system changes, legal requirements, or security reasons.
Responsibilities and Restrictions
- The Referral Owner agrees to promote CryptonX fairly and transparently; misleading or illegal marketing is prohibited.
- The Referral Owner must not create fake accounts or engage in fraudulent activity.
- CryptonX may freeze earnings or terminate accounts if misuse is detected.
Duration and Termination of the Agreement
- This Agreement remains in effect unless terminated by either party.
- CryptonX may terminate or modify the referral program at any time.
- If the Referral Owner violates this Agreement, CryptonX may immediately terminate it and cancel earnings.
Dispute Resolution and Governing Law
This Agreement is governed by the laws of the Republic of British Islands. Disputes shall first be attempted to be resolved through negotiation.
Effectiveness and Acceptance
- By participating in the referral system, the Referral Owner is deemed to have accepted this Agreement.
- CryptonX may amend this Agreement and will notify users of any changes.
Presented for the parties’ acknowledgment.