1.1 “Referrer” is a natural person or legal entity with the Client Account of the Software, that is not banned, blocked or subjected to any sanctions or limitations and who has accepted the Referral Terms and thus has expressed the intention to participate in referral program of Ubitbot by attracting new clients using the Referral Link or Promo Code. In case of a legal entity, a manual approval by Ubitbot is required prior to becoming the Referrer.
1.2 “Referral Link” is an automatically generated hyperlink to the Software registration scenario, personalized exclusively for the Referrer to share with potential clients for attracting new Qualified Clients.
1.3 “Promo Code” is an automatically generated code personalized exclusively for the Referrer to share with potential clients for attracting new Qualified Clients.
1.4 “Referrer Account” means a separately displayed account which becomes available to the Referrer upon acceptance of the Referral Terms and receiving funds related to your Referral Link. Funds on the Referrer Account are accounted in the equivalent of the US Dollar and accrued in accordance with Section 3 of the Referral Terms.
1.5 “Qualified Client” means a natural person and or a legal entity who has (a) successfully registered on the Software using the Referral Link or Promo Code under the Client Account settings, (b) purchased and paid for the Subscription for the Software in acceptable cryptocurrency (USDT, ETH or other listed) or in fiat currency (the latter is applicable only in case the Referrer is a legal entity), and (c) is not the Referrer herself.
2.1 To become the Referrer you are obligated to:
2.1.1 be a registered Client of the Software with the Client Account. Your profile on the Software shall be completely filled and contain all the requested data including contact details;
2.1.2 proceed verification procedure (AML/KYC compliance if applicable);
2.1.3 in case you are acting on behalf of a legal entity, apply to become the Referrer by contacting Ubitbot and receiving the respective approval from 3Commas;
2.1.4 solicit and obtain the Referral Link in the special section of the Software named “Invite Friends”.
2.2 The Referrer may involve any person from the circle of acquainted persons to become the Qualified Client of the Software, in any way possible and in any manner not contrary by the law, making sure that such persons:
2.2.1 are of sufficient legal age to use the Software;
2.2.2 are not under the control of, or reside in, a jurisdiction that explicitly prohibits the use of similar software as the Software;
2.2.3 are aware that usage of the Software is up to their own discretion and under their own responsibility.
2.3 The Referrer shall have no authority and shall not:
2.3.1 enter into or conclude any agreements (including preliminary or verbal agreements) with any persons on behalf of Ubitbot
2.3.2 introduce yourself as an employee or partner of Ubitbot
2.3.3 enter into any collusion with other existing or potential Clients of the Software in order to gain any illegal benefit from the Referral Terms or benefits offered hereunder;
2.3.4 make any statement or give any warranty or guarantee in respect of the Software;
2.3.5 reduce, harm or diminish the reputation, image and prestige of Ubitbot and/or the Software;
2.4 Any new client attracted by the Referrer to the Software is considered to be the Qualified Client of the Software only if he/she had followed the Referral Link provided by the Referrer for registering the Client Account, and purchased and paid for the Subscription for the Software in acceptable cryptocurrency (USDT, ETH or other listed) or in fiat currency (the latter is applicable only in case the Referrer is a legal entity).
3.1 Payment terms for a natural person as the Referrer. Ubitbot will pay the Referrer a fee that is calculated as a percentage of the net amount (meaning, sum without VAT) of any successful and subsequently not refunded or reversed cryptocurrency payment (for the purposes of this Section 3.1 “original payment”) for the Subscription made by the subsequent lower up to 3rd level Qualified Client, who is accepted by Ubitbot to use the Software:
3.1.1 Level 1 Qualified Client means the Qualified Client attracted by the Referrer and is subjected to 25% fee;
3.1.2 Level 2 Qualified Client means the Qualified Client attracted by the Referrer’s Qualified Client and is subjected to 15% fee;
3.1.3 Level 3 Qualified Client means the Qualified Client attracted by the Qualified Client of the Referrer’s Qualified Client and is subjected to 10% fee;
3.2 Payment terms for a legal entity as the Referrer. Ubitbot will pay the Referrer a fee that is calculated as a percentage of the net amount (meaning, sum without VAT) of any successful and subsequently not refunded or reversed cryptocurrency or fiat payment (for the purposes of this Section 3.2 “original payment”) for the Subscription made by the Qualified Client. The percentage is agreed between the Referrer and Ubitbot upon Ubitbot approves the legal person’s application to become the Referrer.
3.3 General payment terms.Ubitbot shall pay the Referrer a fee for the original payment in cryptocurrency – USDT. Ubitbot may require that the Referrer sends Ubitbot an invoice for the fee, in which case the Referrer shall not be entitled to the fee, unless it has sent Ubitbot an invoice for the fee.
3.4 The Referrer’s fee is credited by Ubitbot to the Referrer Account each month in proportion to the payments made by the Qualified Client (meaning that if the Qualified Client paid for one year’s subscription, the Referrer’s fee payments shall be made in proportion each month, taking into account the success of the payment) in the amount converted from original cryptocurrency to US Dollars equivalent at the rate of Ubitbot and at the moment of such credit transaction processing.
3.5 3 Ubitbot is not obliged to:
3.5.1 transfer to the Referrer Account any fee for any original payment that was made in whatever currency that is not subjected to conditions of the Referral Terms;
3.5.2 transfer to the Referrer the funds accumulated on the Referrer Account in whatever currency, except acceptable cryptocurrency on request of the Referrer but on final approval of Ubitbot
3.6 With the funds on the Referrer Account, you may choose either to:
3.6.1 credit the funds to the Client Account at your request. Fees credited to the Referrer’s Client Account may be used to pay exclusively for Ubitbot Subscriptions and cannot be withdrawn afterwards in full as described in the Refund Policy at https://Ubitbot/refund ; or
3.6.2 withdraw the funds at your request to your external wallet. The withdrawal may be subject to limitations presented to you within the Software prior to withdrawal (for example, we may apply a minimal withdrawal amount and limit the types of external wallets the withdrawal can be subjected to).
3.7 The Referrer shall be responsible for the reporting, collection, remittance and payment of any or all taxes, charges, levies, assessments and other fees of any kind imposed by governmental or other authority in respect to the fees credited to the Referrer Account as well as the Client Account and/or transferred to your external wallet.