55 is launching the Referral Ranking Competition on August 7th and will continue until August 21th. All KYC verified users can participate and will be eligible for 50% commission for participating!
Details are as follows:
Time: August 7th, 8am - August 21st, 8am (UTC+8, Singapore time)
During the event, when a KYC verified user invites a new prospective user (invitee) to complete registration and KYC verification using the invitation code “Account-Invite Friend”, the inviter will be eligible to receive a 50% commission reward of their invitee’s transactions for the duration of the event. In addition to the 50% commission, the inviter will also be eligible to receive a share of 55's commission prize pool, dependent upon their rank in the competition; the inviter’s rank is based upon the number of invitees who have successfully created a 55 account and successfully completed KYC verification. The amount of the commission prize pool is equal to 50% of the transaction fees for all participating users.
Number of invitees
Prize Pool Distribution Ratio
For example, if the number of the participants A invites to the event exceeds that of others , A will be rewarded 5000 USDT (10000*50%), as the total commission generated by all participants during the event is converted to 10000 USDT after USDT.
- The inviter of the event must first complete the KYC verification and use the exclusive invitation code to invite (invitation code path: "Account-Invite Friend")
- After the event has concluded, the top three participants, based on the number of KYC verified invitees, will be announced in the 55 community (including WeChat & Telegram);
- The final winners will be announced within 5 business days following the conclusion of the event. Rewards will be issued within 10 business days following the event conclusion;
- All commission types will be distributed and converted into USDT (the conversion standard is the transaction price of 55 on the day of the reward);
- If the top three ranked inviters are tied, the tied inviters will split the prize pool evenly.
The final interpretation of the above activities belongs to 55. In the event of cheating, fraudulent activity, attempts to manipulate the results of the competition, or other violations implicit or explicit to the rules of this program, 55 will directly cancel or revoke the offending user’s qualification for participation. If you have any questions, please contact: firstname.lastname@example.org.
55.com ATO transactions are only available to users from regions and jurisdictions where such participation is permitted.
Thanks for your support!
August 7, 2019
55.com referral rewards are only available to users from regions and jurisdictions where such participation is permitted. US & Canadian citizens and residents may not participate. Attempts to circumvent such restrictions could result in loss of funds or freezing of your account.
Due to factors such as regional policies and regulations, markets, technology, force majeure or other circumstances, the Token price may fluctuate drastically. All payments are irrevocable and non-refundable.
Under no circumstances, shall 55, its officers, employees, agents, or anyone else involved in creating, producing, or distributing the service be liable for any direct, indirect, incidental, special, or consequential damages that result from the use or the inability to use the Service; or that results from mistakes, omissions, interruptions, deletion of files, errors, defects, delays in operation, transmission, or any failure of performance, whether or not limited to acts of God, communication failure, theft, destruction, or unauthorized access to our records, programs or services. 55 will not be responsible for any damages your business may suffer to the extent permissible by law. We make no warranties of any kind, express, implied, statutory, or otherwise for any Service we provide.
Risk of withdrawal: Due to the underlying technology of Token or the 55.com trading platform, the Token you purchased may not be fully or partially cashed out.
Rewards Subject to Change. The prices, fees, terms, and conditions under which 55 offers or sells or facilitates trading of any products shall be determined by 55 in its sole discretion and are subject to change. Nothing herein shall obligate 55 to actually offer or sell any Products or consummate any transaction with any user. 55 may terminate Referral Ranking Competition arrangements at any time without any liability or obligation to pay compensation to users.
No Relationship. The reward program described above shall not be construed to create any association, partnership, joint venture, employee, or agency relationship between Finder and 55 for any purpose. Participants have no authority (and shall not hold itself out as having authority) to bind 55 and Finder shall not make any agreements or representations on 55's behalf without 55's prior written consent. Without limiting the above, Participants will not be eligible to participate in any vacation, group medical or life insurance, disability, profit sharing or retirement benefits, or any other fringe benefits or benefit plans offered by 55 to its employees, and 55 will not be responsible for withholding or paying any income, payroll, Social Security or other federal, state or local taxes, making any insurance contributions, including unemployment or disability, or obtaining worker's compensation insurance on each Participants's behalf. Participants shall be responsible for, and shall indemnify 55 against, all such taxes or contributions, including penalties and interest. Partners shall be solely responsible for all costs or expenses that they may incur in the performance of its activities under this rewards program.
Taxes. Please be advised that once you are confirmed as a winner and receive the prize, you will be responsible for all federal, state, and local income taxes. You may wish to seek advice from a tax professional to determine the full extent of your tax liability under federal, state, and local laws and regulations.
Limitation of Liability: By entering this rewards program, entrants waive all right to, and hold the promotion parties harmless from, any claim, liability, loss, damage (including punitive, incidental, and consequential damages), or expense (including attorneys' fees) arising out of or in connection with participation in this rewards program or the acceptance, use, or misuse of any prize. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE MAY NOT APPLY TO YOU. Promotion Parties will not be responsible for: late, incomplete, or incorrect entries; an entrant's failure to receive prize notices due to entrant's spam, junk e-mail, or other security settings or for entrant’s provision of incorrect or otherwise non-functioning contact information; technical, hardware, or software malfunctions, lost or unavailable network connections, or failed, incorrect, inaccurate, incomplete, garbled, or delayed electronic communications whether caused by the sender or by any of the equipment or programming associated with or used in this rewards program; by any human error which may occur in the processing of the entries in this program; or any typographical, technological, or other error in the publishing of the offer, administration of the program, or announcement of the prizes. If, in 55’s opinion, there is such an error, or there is any suspected evidence of tampering with any portion of the program, or if technical difficulties (including viruses and bugs) compromise the integrity of the program, 55 reserves the right to cancel or modify this program in a manner deemed appropriate by 55. In the event of termination, winners will be selected from among all eligible entries received as of date of termination. In the event a dispute arises as to the identity of a potentially winning entrant, entries will be declared made by the name on the online entry form.
Indemnity. Participants shall defend, indemnify, and hold harmless 55, and any of its directors, officers, and shareholders, against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including attorney fees, fees and the costs of enforcing any right to indemnification under this Program, incurred by/awarded against 55, arising out or resulting from any claim of a third party related to its obligations under this Program.
No Duplicates. 55 strictly checks for duplicate or false accounts. Once the account is found to be in violation of the corresponding risk control rules, the commission will not be issued.
No Guarantee. 55 Asset Network reserves the final interpretation of adjustments to the commission rules due to possible unpredictable changes in market environment and fraud risks. This Program and any payments hereunder may cease at any time without notice.
Arbitration. Any dispute, controversy or claim arising out of or relating to this Program, including the formation, interpretation, breach or termination thereof, including any question regarding its existence, validity or termination of the Program, shall be referred to and finally resolved by confidential binding arbitration in accordance with the Judicial Arbitration and Mediation Services (“JAMS”) International Arbitration Rules. The arbitration shall be conducted in New York, New York. The JAMS rules may be found and reviewed on the JAMS website and are hereby incorporated by reference. 55 acknowledges and agrees that it has read and understands the JAMS rules or waived its opportunity to read the rules of JAMS and any claim that the JAMS rules are unfair or should not apply. Judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.