CaspianEx Digital Asset Exchange Referral Program
Content
General terms and conditions of the referral program
General description of the referral program
Referral program participants
Program conditions and payment amounts
Procedure for payment of remuneration
Relationships of participants with CaspianEx.
Referral Responsibilities
Access to the information
Validity period and changes to conditions
Disagreements with the size of the referral reward
Limitation and Exemption of Liability
User's Manual.
1. General conditions and rules of the referral program
CaspianEx Digital Asset Exchange(CaspianEx, Exchange)– electronic platform located athttps://www.caspianex.com/ and owned by the private company Top Line Limited (Company), on which Exchange clients (registered and successfully verified users) are provided with access to trading operations, i.e. the ability to enter into and complete transactions for the purchase and sale of digital assets. The company also provides its clients, through participation in the referral program, with the opportunity to receive compensation in the form of payment of a portion of the commission from the paid trading commissions of new users (referrals) attracted by the participant.
Participation in the Company's referral program (“referral program”, equivalently called “affiliate program”) is subject to the following terms and conditions (“referral program terms”).
The terms of the referral program complement and are part of the standard terms of service provided by the CaspianEx platform (“CaspianEx Terms of Use”), the current version of which is located in the “Legal Policy” section of the Support Center (address:https://caspianex.zendesk.com/hc/ru/).
By entering a referral code for the referral program when creating an account to use the services (“account”) on the CaspianEx website, and by generating a referral code or sending a referral code to any person, you confirm that you have read, understood and fully agree to the terms of this referral program , which are periodically updated and changed.
If you do not wish to comply with the terms of this referral program, then your only legal remedy is:
(1) never enter, generate or send a referral code, or
(2) terminate your participation in the referral program by completing the process in your personal account on the CaspianEx website required by the Company, or such other process as the Company may specify at any time.
Only persons who currently have accounts on the CaspianEx platform can participate in the referral program, regardless of the availability of funds in their account or trading operations. Participation in the referral program is always entirely at the discretion of CaspianEx. The Company's contractors or service providers for CaspianEx may participate in the affiliate program only if they have received prior personal permission. A member may be removed from the referral program at any time for any reason or no reason. A participant who violates any term of the referral program may be immediately removed from the affiliate program and any amounts that the participant could or would have been entitled to receive under it will be forfeited by CaspianEx. Please be aware of these important restrictions before deciding to participate in the referral program.
If you choose to participate in the referral program as a referral, the person who provided you with the referral ID (referral code) that you used when registering for your account (your “Affiliate”) will have access to referral payment information associated with the referral the code you used. Because this referral payment is related to your trading activity on CaspianEx, described in more detail below, you acknowledge that the information your Affiliate sees includes information related to your trading activity. Your decision to terminate your participation in the affiliate program will not change your affiliate's access to this information. By entering your referral code when opening your account, you agree that CaspianEx provides this information to your Affiliate. Please be aware of this important agreement before deciding to participate in the referral program.
2. General description of the referral program
The company earns money from users trading digital assets on the CaspianEx platform. The Referral Program allows Exchange users to participate in attracting new users to the Exchange for the purpose of receiving compensation from the Exchange by paying a portion of the commission income received by the Exchange from users who open an account using a referral code provided by the Affiliate (each of them is a “referral”). Participation in the affiliate program is completely voluntary and is not required to use the Company's website or its services.
3. Referral program participants
Participants in the referral program are Affiliate, Referral and Partner.
Affiliate – a user registered on the official website of the Company who takes part in the Company’s referral program. The Affiliate places on various resources and also otherwise distributes the referral link received from the Company, through which new users are registered. Users (referrals) registered using a referral code or referral link become referrals of the affiliate, and in the future, during the entire duration of the referral program, the affiliate will receive a reward in the form of a certain part of the trading commissions paid by his referrals.
Referral– a new user of the Company who registered on the official website of the Company (Caspianex.com) using a referral link or referral code received from the Affiliate or following a referral link posted by the Affiliate in the public domain on Internet resources at its own discretion. Any referral can become an Affiliate and also participate in the referral program.
4.Program conditions and payment amounts
In order to support Affiliates, within the terms of this program and its development, the Company provides the following incentives:
referral payments – these are payments to Affiliates and/or Partners, part of the commissions received by CaspianEx from trading operations of referrals attracted within the framework of the referral program;
cashback – payments due to new users who register using a referral link (code, invitation) as part of the CaspianEx referral program.
4.1. Amount of referral payments
The standard commission for a new Affiliate is set at 20% of referral trading commissions, these commissions are amounts actually collected from members and specifically exclude any discounts that may be provided to the member.
The affiliate independently sets the amount of remuneration that will be paid to the referral by setting up a referral code in his personal account.
4.2 Cashback
Cashback is an additional incentive measure for referrals registered using a referral link/invitation. Cashback for all referrals is 10% cashback from the paid trading commission.
Referrals can additionally become CaspianEx Affiliates on equal terms, receive payments from their Affiliates, and also receive discounts on trading commissions depending on their trading turnover.
5. Procedure for payment of remuneration
a. Payment of rewards under the referral program is made daily at 12:00 GMT. Remuneration is paid from transactions made by referrals for the period 00:00 – 23:59 GMT of the previous day.
b. Any digital assets received as a commission can be used, withdrawn, sold at any time at the discretion of the Affiliate.
c. CaspianEx will credit your account with a set percentage of the order execution fees received from the account the referral opened using your referral code (“Eligible Fees”). For clarity, these fees are the amounts actually collected from the participant and specifically exclude any discounts that may be provided to the participant.
Thus, payment of the established percentage of commissions (remuneration) is made only from the amount of commissions actually received by CaspianEx from each referral.
d. To receive rewards under the referral program, the participant must have a verified account with CaspianEx, payments are made in the same digital assets that CaspianEx collected as applicable eligible fees. If applicable fees were accepted in fiduciary currencies or any other digital asset, they may be converted into Bitcoin (BTC) or any stablecoin (such as USDT) at CaspianEx's discretion. This means that your reward could consist of several different types of digital tokens. CaspianEx may also provide your total referral payment in one or more types of digital assets at CaspianEx's option, acting reasonably or unreasonably.
e. If CaspianEx converts digital tokens or fiduciary currencies that CaspianEx has collected under applicable eligible fees into other digital tokens or fiduciary currencies under the affiliate program, CaspianEx will use the market price at the time of conversion to do so and will take a commission of no more than 5 (five ) percent. The commission may be less at the discretion of the company depending on the market situation.
f. Referral payments will be based on CaspianEx's good faith estimates and information available to CaspianEx. CaspianEx is not responsible for any eligible fees that are not properly credited to you, which CaspianEx is not aware of, including due to computer error or other reasons.
6. Relations between participants and CaspianEx.
Referral program participants may not act on behalf of CaspianEx or any of its affiliates or link to CaspianEx in any way. You shall not make any claims, representations or warranties with respect to CaspianEx, including with respect to the site, services or referral program. You do not have the authority to bind CaspianEx in any way and therefore you cannot do so. Member and CaspianEx are independent contractors, and nothing in this Agreement creates any partnership, joint venture, franchise, sales agency or employment relationship between you and CaspianEx. The referral program is not exclusive. Your participation in the referral program does not grant you any additional rights to use or continue to use the CaspianEx website or services.
7. Responsibilities of the Referral
a. You acknowledge that the purpose of the referral program is to attract new users to use CaspianEx services. You agree to act in good faith in accordance with this intention.
b. You must not refer to any person who is a prohibited person.
c. You must not refer any person who is a contractor or service provider to CaspianEx.
d. You must comply with all applicable laws in connection with your activities under this Agreement, including when individuals access CaspianEx or its services.
e. You must not, directly or indirectly, allow any of the following accounts to be one of your members: (i) an account owned or controlled by you or a member of your immediate family or household, or (ii) an account owned or controlled by a person who is already a user of the site or services.
f. You are responsible for any costs associated with your activities related to attracting individuals to CaspianEx services. These costs and expenses are entirely at your own risk.
g. You must ensure that any representations you make in connection with links to the Site or Services are (i) professional, accurate and truthful; (ii) not misleading or deceptive (for example, does not embellish the nature of your relationship with CaspianEx); and (iii) not offensive, illegal or obscene.
h. You agree not to engage in spam, any electronic communications prohibited by applicable law, illegal solicitation, fraudulent or deceptive solicitation.
j. Any person you recommend CaspianEx to will need to open an account in order to become your referral.
k. CaspianEx reserves the right to refuse to open an account to any person for any reason or no reason. CaspianEx may refuse to continue to permit any person to use the Site or Services at any time as described in the Terms of Service. The fact that a person is or may become a member of an organization does not in any way affect these rights.
8. Access to information
a. CaspianEx intends to make reasonable efforts to provide affiliates with the member payment information associated with each referral code sent by an Affiliate that is used by the member when opening an account. There may be circumstances where this information is not available, such as during maintenance and software upgrades or if we decide to stop providing this information to any member
b. If you are a referral, You acknowledge that CaspianEx may provide your Affiliate with information that allows your Affiliate to see the referral payments associated with that referral code.
c. because the referral payment we calculate based on participation in the referral program as a referral is related to your Eligible Fees, and your Eligible Fees are related to your trading activity on CaspianEx, you acknowledge that the information your Affiliate sees may reflect information related to your trading activities.
d. this information does not specifically identify the referral, but if the Affiliate remembers or has noted who provided which referral code, the Affiliate may identify the referral and have, by virtue of their participation in the referral program, information about your trading activity available to them.
9. Validity period and changes to conditions
a. The Company may update or change the terms of service, the terms of the affiliate program, the website, the services, the fees allowed, the rewards paid under the referral program, the duration of the program or cancel it altogether, fees charged in connection with the services or other elements of the transactions contemplated by these terms and conditions affiliate program, at any time (hereinafter referred to as “changes”). The Company may make changes for any reason or no reason. These changes may make your participation in the Affiliate Program more or less valuable to you and may result in you no longer being able to participate in the Affiliate Program. If changes are made, you can only terminate your participation in the affiliate program; you can complete the participation process through your personal user account, which is necessary for the Company to terminate your participation in the affiliate program, or in any other way that the Company may offer at the time you make a decision. Continued participation in the Affiliate Program after changes have been made will constitute your binding acceptance of the changes.
b. Participation in the Referral Program and these Referral Program Terms begin when you enter a referral code for the referral program as part of setting up your account, or when you generate a referral code, or send a referral code to any person, or take other steps to recruit a person to participate in referral program. These Referral Program Terms will remain in effect indefinitely until your participation in the Referral Program ends. If your participation in the referral program ends, all referral payments end on the same day. These terms will continue to apply after your participation in the referral program ends.
10. Disagreements with the size of the referral reward
The Member must notify CaspianEx of any dispute regarding any referral payment within thirty (30) days of receipt of the relevant referral payment. Any failure to object within this time period constitutes your acceptance of the referral payment as full and final settlement of the amount you are entitled to receive under the referral program in respect of the applicable reward. If CaspianEx does not receive your notice of dissent within thirty (30) days from the date of receipt of the applicable Affiliate Payment, your right to dispute such Affiliate Payment will not be considered and is hereby waived.
11. Limitation and Exemption of Liability
11.1 In addition to the limitation of liability and release provisions set out in the Terms of Service, CaspianEx also does not accept any liability for any damages arising directly or indirectly from or related to:
a. these Referral Program Terms;
b. Referral program and your participation in it;
c. any communications you have with a member or other person regarding the affiliate program;
d. any violation of these Affiliate Program Terms,
e. any failure by you to comply with relevant laws (including laws governing privacy or electronic communications);
f. any negligent or willful acts or omissions on your part.
11.2 You hereby agree to indemnify CaspianEx and its associated entities from liability for any and all losses, and you agree to indemnify, hold harmless and hold harmless CaspianEx and its associated entities from all losses. The foregoing limitations of liability apply regardless of whether the alleged liability or damages is based on contract, negligence, tort, unjust enrichment, strict liability, violation of statute or regulation, or any other basis, even if the partners were advised or should have known of the possibility of such damages and losses, and without regard to the likelihood or effectiveness of any other remedies.
12. User instructions
User instructions on how to register on the Caspianex.com website, how to receive a referral code, as well as any other materials necessary for participation and registration in the referral program.
You can invite friends to CaspianEx using your unique link. You can also send the invitation code as a screenshot.
12.1. To find your unique referral code, go to the window[Referral]in your account dashboard.
12.2. In the window, as shown in the pictures below, you can use your personal referral identifier (ID), create a new identifier with a different commission return rate (within the rate of 20%), a link to register on CaspianEx with a referral identifier, a list of your referral IDs, history of your commission.