Referral Program Terms

Referral Program Terms

Last updated: February 23, 2022

Referral Program Terms

The Ledn Referral Program (the “Program”) is intended for use by clients of Ledn Inc. or its affiliates (“Client”) using the Ledn platform (the “Platform”) offered by Ledn Inc., who successfully refer a new client that is not a current or past user of the Platform (“Referee”) and who both fulfil the terms and conditions outlined below:

Qualifying Account

The Ledn Savings Account is a qualifying account (“Qualifying Account”) for the purposes of the Program. For greater certainty, accounts that are not listed here do not qualify for the Program.

How to Qualify

A Client and Referee(s) referred by that Client will each receive a Referral Bonus (as described below) if:

The Client completed their KYC;

The Client refers the Referee to the Platform using the referral link generated on the Platform;

The Referee uses the Client’s referral link to sign up to the Platform and applies for a Qualifying Account;

The Referee completes their KYC within 15 days from the date on which the Referee signs up to the Platform. The 15-day period calculation will begin on (and include) the Referee’s sign up date;

The Referee deposits at least 75 USDC or 150K satoshis (0.0015 BTC) (“Minimum Balance”) into their Qualifying Account within 15 days of completing their KYC; and

The Referee maintains the Minimum Balance in their Qualifying Accounts for 15 consecutive days (the “Holding Period”).

Referral Bonus

Provided the Client and Referee each qualify in accordance with these terms and conditions, Client and Referee will each receive 10 USDC (the “Referral Bonus”). The applicable Referral Bonus will be deposited into each of the Client’s and Referee’s Qualifying Account after the Holding Period is completed.

A Client may refer more than one Referee and may receive a Referral Bonus in respect of each Referee that meets these terms and conditions up to a limit of 5 Referees. No more than one Referral Bonus can be awarded to the Client in respect of a referral to the same Referee, and if a Referee opens more than one Qualifying Account, only one of such Qualifying Accounts is eligible for a Referral Bonus.

By accepting these terms and conditions:

When a Client refers a Referee, the Client hereby acknowledges and agrees that the requirements listed in these terms and conditions will allow the Referee to know that the Client has received a Referral Bonus.

When the Referee applies for a Qualifying Account, the Referee hereby acknowledges and agrees that the requirements listed in these terms and conditions will allow the Client to know that the Referee has opened a Qualifying Account; made a deposit within a certain range of amounts; has or has not maintained the deposit for the required time period; and has received a Referral Bonus.

By participating in this Program the Client and each Referee hereby consent to this disclosure of their personal information for this limited purpose. If Ledn does not pay a Referral Bonus because of the requirements listed in these terms not being met, the Client is not entitled to know the specific reason for the Client and Referee’s ineligibility to receive a Referral Bonus.

The Program and these related Program terms do not apply to any individuals or entities that have entered into a referral agreement with Ledn. Ledn may cancel, revise, or change the terms of the Program at any time. If Ledn suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, including but not limited to, the use of mass media or other platforms to refer new clients, Ledn reserves the right to remove the Client from the Program, void any past and future bonus payments, and take any other related action it deems appropriate. An invitation to participate in this Program does not provide assurance that the Referee will be accepted as a Client of Ledn. This offer is only valid for individuals that are not in an ineligible jurisdiction (for a list of ineligible jurisdictions, see below) and that otherwise meet our eligibility requirements. This Program is not directed to, and the information contained herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution, publication, availability or use would be contrary to law or regulation or prohibited by any reason whatsoever or that would subject Ledn and/or its affiliates to any registration or licensing requirement. Ledn’s standard terms set out at https://ledn.io/legal/en/terms-of-service relating to the use of Ledn’s Platform and any legal agreements or terms that apply to Ledn’s products (“Ledn Platform Agreements”) are hereby incorporated by reference. In the event of any conflict between these terms and the Ledn Platform Agreements, the provisions of the Ledn Platform Agreements shall prevail.

Ineligible jurisdictions include the following countries and states:

Countries

Afghanistan, Albania, Armenia, Azerbaijan, Bangladesh, Belarus, Botswana, Burkina Faso, Burundi, Cambodia, China, Democratic Republic of the Congo, Cuba, Eswatini/Swaziland, Haiti, Iran, Iraq, Jamaica, Kyrgyzstan, Lebanon, Liberia, Libya, Mali, Mauritania, Mauritius, Mongolia, Morocco, Myanmar [Burma], Nepal, Nicaragua, North Korea, Pakistan, Palestinian Territories, Republic of the Congo, Réunion, Rwanda, Senegal, Sierra Leone, Somalia, Sri Lanka, South Sudan, Sudan, Syria, Tajikistan, Timor-Leste, Turkmenistan, Uganda, Uzbekistan, Western Sahara, Yemen, Zambia, Zimbabwe.

States

Alabama, Connecticut, Hawaii, Kentucky, Louisiana, New Jersey, New York, Texas, Washington, Washington D.C.