Members Referral Program - Terms & Conditions

1. Definitions

1.1 Activation Period means 30 days from the day the Referral Link is first clicked on by the Referred Customer.

1.2 Agreement means the agreement formed between the parties under this Referral Programs Terms & Conditions.

1.3 Company means Proof-Of-Lightwork FZ LLE (POL)

1.4 CCC or Conscious Crypto Circle means the Company’s private membership digital platform accessible at ccc-membership.com which is operated by POL.

1.5 Member means a paying customer of Conscious Crypto Circle (CCC) powered by Proof-Of-Lightwork (POL).

1.6 Referral Credit means credit toward the Subscription Fee.

1.7 Referral Link means the unique referral link of a Member.

1.8 Referral Program means the Company’s referral program for Conscious Crypto Circle Portal where Users are eligible to receive Referral Credits.

1.9 Referral Customer means a new Member who signs up via a Referral Link.

1.10 Referrer means a Member who refers a Referred Customer.

1.11 Subscription Fee means the subscription fee payable by Member to access Conscious Crypto Circle Portal.

1.12 User means both a Referrer and Referred Customer.

2. Agreement

2.1 The terms and conditions of this Agreement shall bind the Company and User with respect to the Referral Program.

2.2 The Company may amend, replace or discontinue the Referral Program at any time at its sole discretion by written notice.

3. Referral Terms

3.1 Referral Program

(a) The Company will award a Referral Credit to the Referrer when the Referred Customer becomes a Member on the terms of this Agreement.

3.2 Referral Link

(a) The Company will provide each Member with their own Referral Link.

(b) The Referral Link is accessible by the Member via CCC within the Member’s account or will be sent out in a dedicated campaign.

(c) The Member may share the Referral LInk within the CCC or simply copy the Referral Link and share directly to third parties as they see fit.

(d) Where clicked, the Referral Link will open to the CCC website with a unique URL to identify the Referred linked to the Referral Link.

3.3 Member Sign Up

(a) Upon clicking the Referral link, the Referred Customer must successfully complete the Company’s Standard sign up process to become a Member, which shall include (without limitation):

1. Entering their personal information;

2. Creating login details;

3. Selecting desired membership plan (if offered);

4. Selecting desired payment terms;

5. Paying the applicable Subscription Fees;

3.4 Referrer Credits

(a) The Referrer will be awarded with the Referral Credit provided the following conditions are met:

1. The Referred Customer pays a Subscription Fee equal to a minimum one annual membership fee or more excluding the value of any Referral Credit (Subscription Threshold); and

2. The Referred Customer does not obtain a refund on the Subscription Fee such that the conditions under 3.5 (a)(i) above are met.

(b) For clarity, if the Referred Customer does not satisfy the Subscription Threshold due to canceling their subscription as a Member and/or obtaining a refund on Subscription Fee, then no Referral Credits will be awarded to the Referrer.

(c) If the Referrer meets the conditions in (a) above and qualifies for the Referrer Credit, the Referrer Credit will first be applied to the Referrer's next upcoming membership dues. If the Referrer Credit is more than the next due membership fee, it will be transferred to the Referrer's account within 30 days of meeting the condition in (a) above.

(d) If the payout amount exceeds $3,000, the company will retain a 10% security deposit on the payout amount for a maximum of 6 months to compensate for possible cancellations or rescissions.

(e) The Referrer’s Referral Link may be applied and used by more than one Referral Customer such that the Referrer may continue to accrue Referral Credits on an ongoing basis. There shall be no cap on the value of Referral Credits the Referrer may accrue from their Referral Link.

(f) The Referrer may view and track the status and awards for Referral Credits within their account.

(g) Any accrued Referral Credits will be held within the Referrer account and the balance is automatically applied towards the Subscription Fee at the Referrer’s next billing cycle.

(h) Where the amount of Referral Credits exceeds the value of the Subscription Fee of the referrer for any billing period, then the Credits will be paid out.

(i) Our mutually agreed fees/consideration is inclusive of local/international tax(es) if any taxes are applicable in the jurisdiction of the service provider.

(j) The amount of the loans is staggered as follows:

1 to 10 referrals (according to 3.4 a) (i) and (ii)) will be credited once with 10% of the annual membership fee paid.
11 to 20 referrals (as per 3.4 a) (i) and (ii)) will receive a one-time credit of 15% of the annual membership fee paid.
21 or more referrals (according to 3.4 a) (i) and (ii)) will be credited with 20% of the annual membership fee paid.

3.5 Limitations

(a) Referral Credit will only be awarded where a Referral Link is used when signing up to CCC, even if the Referred Customer signed up with the intention of participating in the Referral Program.

(b) The Referral Credit shall only be eligible to new Members only and not for the previous Member who previously had access to CCC.

4. Conditions

4.1 By entering this Agreement, the User agrees to be bound by this Agreement and any special conditions appearing on the Company’s website (Affiliate Policy “M”) specific to
the particular Referral Program.

5. Assignment and Notices

5.1 The Referral Program, and any benefit under the Referral Program, shall be linked to the individual user only. The User may not assign or create an interest in this Agreement without the written permission of the Company.

5.2 A consent, notice, or communication under this Agreement is effective if it is sent as an electronic communication unless required to be physically delivered under law. The notice must be sent to the parties’ most recent known contact and/or within CCC or POL.

6. Indemnity and Refund

6.1 The user agrees to indemnify the Company for any loss, damage, cost, or expense that the Company may suffer or incur as a result of or in connection with the User’s participation in the Referral Program, including any breach by the User of this Agreement.

6.2 Where the Company awards the Referral Credit to the User in accordance with this agreement and later determines that the User was in fact not entitled to the Referral Credit, whether intentional or otherwise, the Company reserves the right to make a claim against the User for the value of the Referral Credit in full.

7. Disclaimer

7.1 The Company makes no, and hereby disclaims all representations or warranties of any kind which may be constructed as, investment advice or a recommendation or promotion of any transaction or other financial product or trading or investment strategy.

8. Governing Law

8.1 This Agreement is governed by the laws of the United Arab Emirates and each party hereby submits to the non-exclusive jurisdiction of courts with jurisdiction there.

9. Prevalence

9.1 To the extent that the terms of this Agreement are inconsistent with any other communications or materials, the terms of this Agreement shall prevail.

10. Acceptance of the Terms & Conditions

10.1 Opening the affiliate account at ccc-membership.com automatically accepts the terms and conditions listed in this document.