Referral Program – Terms & Conditions
Welcome to ZenGo’s Referral Program (the “Program”). The Program allows ZenGo Registered Users to earn money for new users they refer to ZenGo.
By participating in the Program, you agree to the following Terms and Conditions (the “Terms”), which will become a part of the ZenGo User Agreement. If you do not agree to the Terms, then we ask that you please refrain from participating in the Program.
Capitalized terms that are not defined here will have the same meaning given to them in the User Agreement.
“Registered User” – a user that completed the registration process according to the User Agreement.
“Referrer” – means a Registered User that participates in the Program under these Terms.
“Referral Code” – means a code assigned by ZenGo to the Referrer from time to time to track Qualified Referrals referred by the Referrer.
“Referred User” – an Individual who registered to or otherwise used ZenGo by using a Referral Code.
“KZen” – KZen Networks Ltd.
“Purchase” – a Transaction made by a Registered User of purchasing crypto and digital assets.
“Qualified Referral” – occurs when a Referred User registers to ZenGo (or when a Referred User is already a Registered User) and completes at least one Purchase through the App in a minimum sum that will be determined by KZen from time to time, at its discretion. Only successfully completed Purchases made through MoonPay within the App (excluding Purchases of Terra Cryptocurrency) are accepted for a Qualified Referral.
An eligible Referrer must be a Registered User who completed the backup process according to the instructions presented on ZenGo. If at any time, your registration to ZenGo is canceled, you will immediately and automatically cease to be an eligible Referrer.
An eligible Referred User must be an individual who is eligible to become a Registered User or is already a Registered User and has not previously used a Referral Code.
Registered Users of ZenGo have an opportunity to earn a reward for successfully referring other individuals to register to the App or use the App (if they are already registered). For the avoidance of doubt, KZen is not obliged to confirm the registration of any Referred User, and may, in its absolute discretion, deny such registration.
In order to refer new users to ZenGo, ZenGo will provide you with a unique Referral Code. You may send or provide this Referral Code to any eligible individual that may be interested to join ZenGo.
Any Referred User who registers to, or otherwise use ZenGo by using the Referral Code that we provided to you, will be identified in our systems as obtained by your reference and attributed to you as a Referrer.
Please note that you must send the Referral Code and/or any marketing material according to the applicable terms of the law, any applicable privacy and spam laws which prohibit the delivery of advertisements or commercial messages to addressees that did not give their prior written consent to that delivery. KZen will not endure any responsibility for any Referrer who violated the applicable terms of law when sending the Referral Code.
Rewards (benefits, part of our commission)
For each Qualified Referral attributed to you, you will earn a certain percent (that will be determined by ZenGo from time to time and published on the App) of ZenGo’s Commission for each purchase made by the Referred User in the first year following its use of the referral code.
“ZenGo’s Commission” is a certain percent of the total purchase commission that may change from time to time. The current ZenGo’s Commission is 2.49% for credit card transactions and 0.99% for bank wires.
The Referred User will earn a one-time cashback reward once completing purchases worth a certain amount. The required amount of the purchases and the exact amount and the coin used for the cashback reward will be determined by ZenGo from time to time and published on the App.
The Rewards will only be paid to an active ZenGo account. If the ZenGo account is deleted for any reason, the funds will not be accessible.
From time to time, ZenGo may conduct special promotions for its users. During these promotional periods, the referral program may be paused, or its terms may be amended.
You will always be able to see the updated sum of your reward in the App. The sum of the reward will be added to your User Account on a weekly basis.
The Referred User will be able to see its one-time cashback reward in the App.
Reward value & Taxes. The approximate retail value of the Referrer’s reward is dependent on the number of Purchases made by the Referred User, their amounts, and the rate of ZenGo’s Commission. The approximate retail value of the Referred User’s cashback reward is dependent on the amount that will be determined by ZenGo from time to time. All state and/or local income and other taxes, if any, are the participant’s sole responsibility.
Use of materials
We may, at our sole discretion, provide you with marketing and promotional materials pertaining to ZenGo. We hereby grant you, during the term of these Terms, a non-exclusive, non-transferable, limited right to reproduce or copy the provided materials, for the sole purpose of promoting and marketing the ZenGo to potential users.
All goodwill and other benefits created through your use of the abovementioned materials shall be insure solely to the benefit of KZen. Nothing herein shall grant you any ownership or title in these materials, but only limited rights of use as described above.
You must not interfere with or disrupt the administration of the Program or engage in any action that may manipulate the Program. As a Referrer, you must refrain from –
- Making any warranties and/or representations concerning ZenGo;
- Assume any obligation of any kind whether express or implied on behalf of KZen;
- Use our intellectual property rights, except as explicitly authorized under these Terms;
- Violating any rules, guidelines or instructions that we may convey with respect to the Program;
- Interfering with or disrupting the functionality of the App;
- Submitting false, inaccurate, deceptive or misleading information;
- Impersonating any person or entity, or making any false statement pertaining to your identity;
- Engaging in any activity that constitutes or encourages conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any applicable law, including laws governing securities or privacy.
The term of these Terms will begin upon your acceptance of the Terms and will end when terminated. KZen may terminate these Terms at any time, with or without cause, by giving you five (5) days prior written notice of termination.
If you breach any of these Terms, Kzen may terminate your participation in the Program immediately and upon such termination all your pending and future Transactions will be cancelled.
KZen has the right, on its sole discretion, to cancel the Program at any time, to start a new Program or to renew a Program.
You will indemnify, defend, and hold KZen and its representatives harmless from and against any and all third-party claims, demands, liabilities, costs, or expenses, including attorney’s fees and costs, arising from or related to any breach by the Referrer of any of these Terms or any violation by the Referrer of applicable law.
Limitation of Liability
KZen will not be liable for any indirect, special, or consequential damages (or any loss of revenue, profits, expenditures or data) arising in connection with these Terms or the Program, even if we have been advised of the possibility of such damages.
We make no express or implied warranties or representations with respect to the Program or a Referrer’s potential to benefit from the Program. In addition, we make no representation that the operation of the App or the flow of benefits will be uninterrupted or error-free and KZen will not be liable for the consequences of any interruptions or errors.
Governing Law & jurisdiction
Regardless of your place of residence, incorporation or where you access or use ZenGo from, these Terms, your use of ZenGo and your participation in the Program, will be governed by and construed exclusively in accordance with the laws of the State of Israel, excluding any otherwise applicable rules of conflict of laws, which would result in the application of the laws of a jurisdiction other than the State of Israel.
The competent courts in the District of Tel-Aviv-Jaffa in Israel will have exclusive and sole jurisdiction over any dispute, claim or controversy relating to ZenGo, to the Program, or with respect to any matter relating to these Terms. You hereby expressly consent to the personal jurisdiction in Israel and expressly waive any right to object to such personal jurisdiction or the non-convenience of such a forum.
Notwithstanding the foregoing, we may lodge a claim against you pursuant to the indemnity clause above in any court adjudicating a third-party claim against us.
At any time, you may contact us with any question, request, comment or complaint that you may have with respect to ZenGo or these Terms at [email protected].
Effective Date: April 4th, 2021.