Stake NYE Referral Program Terms & Conditions
Last updated: 7 December 2018
These terms and conditions (NYE Referral T&Cs) apply to the Stake NYE Referral Program (the Program). By participating in the Program, you agree to be bound by these NYE Referral T&Cs.
This Program allows registered Stake users (a “Stake User”) to earn promotional credits (Trading Credit) toward future trading by referring friends to Stake.
To participate, Stake Users must agree to these terms, which are in addition to the Stake Terms & Conditions.
How to Earn Stake Trading Credit
Stake Users can earn Trading Credit towards future Stake trading if: (i) a referred friend provides the referer’s referral code to create a valid Stake account that complies with our Terms & Conditions; and (ii) the referred friend completes a Qualified Funding. The Stake User may not be the same person as referred friend or an existing Stake customer.
The referring Stake User and the referrer will be credited with the Trading Credit amount described in the referral invitation or accompanying promotional materials. Trading Credit is applied as indicated below otherwise in the accompanying promotional materials.
1st referral receives $5 & referrer receives $5
2nd referral receives $5 & referrer receives $10
3rd referral receives $5 & referrer receives $15
4th referral receives $5 & referrer receives $20
5th referral receives $5 & referrer receives $25
6th referral receives $5 & referrer receives $30
7th referral receives $5 & referrer receives $35
8th referral receives $5 & referrer receives $40
9th referral receives $5 & referrer receives $45
10th referral receives $5 & referrer receives $100
The person with the most referrals for the month of December wins $250 Stake Trading Credit.
The person who refers the highest referer also wins $250.
All credit is shown in promotional material as AUD and deposited into users account as USD. The credit will arrive as USD (to the equivalent value of AUD) as indicated in the promotional material. The referral’s USD equivalent credit amount will be calculated using the base exchange rate at the time of automatic transfer.
A Qualified Funding must be a funding from AUD to USD of a minimum $50AUD, unless otherwise indicated in the referral invitation or accompanying promotional materials. It must be deposited via the Stake platform from AUD to USD, and the funds must settle in the Stake USD wallet before the credit is received. Gift card purchases, redemptions, USD to USD transfers and transfer of shares are excluded from Qualified Fundings.
Redeeming Trading Credit
Trading Credit may only be redeemed via Stake. Trading Credit are coupons issued for promotional purposes. It can be used in any way in which USD can ordinarily be used on the Stake platform.
Trading Credit may not be earned by creating multiple Stake Accounts. Stake Credit accrued in separate Stake accounts may not be combined into one Stake account. Trading credit can only be paid into your “Individual Account” and not a company, trust or SMSF account.
If for any reason you believe that there is a discrepancy regarding your balance of Trading Credit, please contact us. Stake may require you to submit additional information in order to make a determination regarding your balance. All decisions regarding your balance will be final and at Stake’s sole discretion.
You are responsible for any tax consequences, if any, that may result from your redemption or use of Trading Credit.
Sharing Referral Codes
Referrals should only be used for personal and non-commercial purposes, and only shared with personal connections that will appreciate receiving these invitations. Stake takes no responsibility for referral codes that are published or distributed where there is no reasonable basis for believing that all or most of the recipients are personal friends (such as coupon websites, Reddit, or Wikipedia).
Referred friends that have signed up using a valid referral link or code and completed a Qualified Funding will also receive Trading Credit indicated in the referral invitation or accompanying promotional materials that can be used on their trade.
Any friends referred or any qualifying referrals during this promotion do not count towards Stake’s regular referral campaign and those referrals will be cleared from 1 January 2019.
A referred friend may only use one referral code. If a referred friend receives referral from multiple Stake Users, only the referral link / code used by the referred friend to join will receive Trading Credit and the referred friend will receive their Trading Credit on that referral link.
If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.
Termination and Changes
Stake may suspend or terminate the Program or a user’s ability to participate in this NYE Referral Program at any time for any reason.
We reserve the right to suspend accounts or remove Trading Credits if we notice any activity that we believe is abusive, fraudulent, or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.
The scope, variety, and type of services and products that you may obtain by redeeming Trading Credits can change at any time.
Legals & Updates to the Terms
These NYE Referral T&Cs are to be governed by and construed in accordance with the laws of New South Wales, Australia and shall by subject to the jurisdiction of the New South Wales Courts.
We can update these NYE Referral T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website and applications which are effective upon posting. Continued participation in the NYE Referral Program after any modification shall constitute consent to such modification.