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Morpher Referral Program - Terms & Conditions
Last Updated September 12 2023
Scope
These Terms and Conditions ("Terms") apply to the referral program of Morpher Labs GmbH ("Morpher Labs") on the website www.morpher.com ("Website") and the application ("App"). During the course of the Referral Program, Morpher Labs plans to distribute variable amounts of "Morpher Tokens" as a reward for registering on the Website as a referred user and referring new users (”Participants”). Morpher Tokens are ERC20 tokens on the Ethereum blockchain.
The Morpher Tokens distributed in connection with the airdrop and referral program are 'gifts' pursuant to § 938 of the Austrian General Civil Code and do not confer any rights, neither statutory nor contractual, on recipients.
Morpher Labs may update, change, replace or cancel these Terms at any time without prior notice.
Referral Program
Users who register on the Website, or the App, through an individual signup link provided by another user (”Referral Link”) are eligible to participate in the Referral Program and receive a variable reward ("Reward"). Users who refer new users via their Referral Link are eligible to receive a Reward per referred user that deposits at least $50 USD into their trading account. To receive the Reward, you must complete the registration procedure on the Website or the App.
Each unique natural person can only receive a Reward for signing up through a Referral Link just once. We reserve the right to blacklist users if we believe they are not eligible or participated in botting/spamming or similar activities.
Account Level Limits
The number of Rewards a participant is able to claim is determined by their Account Level. The following limits apply:
- Novices can claim up to 10 Rewards.
- Investors can claim up to 50 Rewards.
- Moguls can claim an unlimited number of Rewards.
After a Participant exhausts the Reward limits of their Account Level, the Referral Link can still be used by new users to sign up and be eligible for a Reward. The owner of the link will be able to claim already eligible Rewards after they have upgraded their Account Level.
Token Rewards and Reward Variability
The Reward amount is variable and is determined by chance. The minimum amount of the Reward is 10 MPH. The highest amount a Participant can receive in a single instalment is 100,000 MPH.
The Rewards will be distributed according to the following structure:
| Probability | Payout (MPH) |
|---|---|
| 50.000% | 10 |
| 25.000% | 25 |
| 12.500% | 50 |
| 10.000% | 100 |
| 1.839% | 500 |
| 0.500% | 1,000 |
| 0.100% | 5,000 |
| 0.050% | 10,000 |
| 0.010% | 50,000 |
| 0.001% | 100,000 |
Morpher Labs cannot be held accountable for software glitches that may impact the distribution of rewards. By participating in the referral program, users acknowledge and accept this limitation of liability in the event of any discrepancies or variations in reward distribution due to technical issues.
Once the total reward amount has reached 100,000 MPH, the user are no longer eligible for further participation in the Referral Program. The user is still entitled to the previously claimed rewards and can continue to refer new users, but they will not receive further rewards.
Token Redemption
Morpher Labs will enable redemption of Morpher Token rewards after the Tokens have been created. There is nothing physical being provided, the Tokens are distributed electronically only. Redeeming claimed tokens will require registering on the App by connecting an Ethereum wallet. Failure to redeem Morpher tokens over an extended period of time, may lead to those Tokens being reallocated.
Token Value
Any price associated with Morpher Tokens or mentioned on the Website is our best estimate of value at the time. Morpher Labs does not take any financial responsibility for the value of Morpher Tokens. Morpher Labs does not guarantee the price of Morpher Tokens, or the ability to convert/exchange tokens into other forms of currency.
Eligibility
In order to be eligible for participating in the Referral Program, users must:
- Be at least 18 years of age
- Register on the website or in the app
- Not be a resident or "person" of the following countries: United States, Afghanistan, American Samoa, Democratic People's Republic of Korea, Guam, Iran, Iraq, Libya, Northern Mariana Islands, Puerto Rico, Samoa, Syria, US Virgin Islands, Yemen.
- Have signed up using a valid referral link (in order to claim registration bonus).
A country may be added or removed from the list of supported countries at any time for any duration. This is set at our discretion.
Choice of Law and Jurisdiction
These Terms and any non-contractual obligations arising out of or in relation to it shall be governed by and construed in all respects in accordance with Austrian law, excluding the Austrian conflict of law rules of Austrian international private law.
The Commercial Court for the first district of Vienna, Inner City (Austria) shall have exclusive jurisdiction to resolve disputes arising out of or in connection with these Terms.