MasaMasa Referral Program Terms & Conditions

These Terms & Conditions govern participation in the MasaMasa Referral Program (“Referral Program”). By participating in the Referral Program, you agree to be bound by these Terms & Conditions.

1. How the Referral Program Works

The MasaMasa Referral Program allows existing MasaMasa users (“Referrers”) to earn rewards by inviting new users (“Referrals”) to use the MasaMasa platform.

For every eligible deposit made by a successful Referral, the Referrer will receive a ₦500 referral reward.

There is no limit to the number of eligible Referrals a user may invite, subject to these Terms & Conditions.

2. Eligible Deposits

A deposit qualifies for a referral reward only when the following conditions are met:

• The deposit is made by a user who joined MasaMasa through the Referrer’s referral link or referral code.
• The deposit is made into the Referral’s MasaMasa account.
• The deposited cryptocurrency is a non-stablecoin cryptocurrency supported by MasaMasa.
• The deposit meets any minimum deposit requirement that may be specified by MasaMasa.
• The transaction is successfully completed and credited to the Referral’s MasaMasa account.

Stablecoin Exclusion

Deposits involving stablecoins are not eligible for referral rewards.

For the purpose of this Referral Program, stablecoins include cryptocurrencies designed or intended to maintain a stable value against a fiat currency or other reference asset, including but not limited to USDT and USDC.

MasaMasa reserves the right to determine whether a particular cryptocurrency qualifies as a stablecoin for the purposes of this Referral Program.

3. Referral Reward

The Referrer will earn ₦500 for each eligible deposit made by a qualifying Referral.

The ₦500 reward is earned per eligible deposit and not merely for registering or creating an account.

MasaMasa may require the Referral to complete applicable verification or account requirements before a referral reward becomes payable.

4. Referral Attribution

For a Referral to be attributed to a Referrer:

• The Referral must use the Referrer’s unique referral link or referral code when joining MasaMasa; and
• The Referral must not already have an existing MasaMasa account, unless otherwise permitted by MasaMasa.

MasaMasa is not responsible for referrals that cannot be properly attributed due to the Referral failing to use the correct referral link or code.

5. Prohibited Activities

Users must not attempt to manipulate, abuse, or circumvent the Referral Program.

Prohibited activities include, but are not limited to:

• Creating multiple accounts to generate referral rewards.
• Referring yourself or accounts controlled by you.
• Using false, misleading, or fraudulent information.
• Using automated systems, bots, scripts, or other methods to artificially generate referrals.
• Engaging in transactions designed primarily to obtain referral rewards rather than for genuine use of the MasaMasa platform.
• Any other activity that MasaMasa reasonably determines to constitute abuse or manipulation of the Referral Program.

6. Reversal or Cancellation of Rewards

MasaMasa reserves the right to withhold, cancel, reverse, or deduct any referral reward where:

• The underlying deposit is reversed, cancelled, refunded, or determined to be invalid;
• The Referral transaction is found to be fraudulent or suspicious;
• The Referrer or Referral has violated these Terms & Conditions;
• The Referral Program has been abused or manipulated; or
• MasaMasa reasonably believes that the reward was generated through illegitimate activity.

7. Changes to the Referral Program

MasaMasa reserves the right to modify, suspend, or terminate the Referral Program at any time.

Changes may include modifications to the referral reward amount, eligible cryptocurrencies, eligibility requirements, minimum deposit requirements, or other conditions of the program.

Any changes will be communicated through the MasaMasa platform or other appropriate channels.

8. Limitation of Liability

MasaMasa will not be liable for referral rewards that cannot be credited due to technical issues, incorrect referral information, account restrictions, network issues, or circumstances beyond MasaMasa’s reasonable control.

9. Acceptance of These Terms

By participating in the MasaMasa Referral Program, you confirm that you have read, understood, and agreed to these Terms & Conditions.

MasaMasa reserves the right to make the final determination regarding the eligibility of any referral, deposit, transaction, or reward.