Referral Protocol
Effective Date: 26.11.2024
This document outlines the terms and conditions governing the use of referral links on the WaveSwaps and GetonGlobal platforms. By using or sharing a referral link, you agree to the terms specified herein. If you do not agree, refrain from using or sharing referral links or accessing the platform.
1. Nature of the Referral System
The referral system is a free-to-use feature available to all platform users.
The purpose of the referral link is to facilitate user engagement and subscriptions by allowing existing users (referrers) to invite others (referees) to the platform.
Users are free to share their referral links, but the platform does not govern, monitor, or guarantee the accuracy of any explanations or representations made by referrers to their referees.
2. Responsibilities of the Referee (Recipient of Referral Link)
Referees are solely responsible for ensuring they fully understand the platform's features, terms, and conditions before using a referral link or accessing the platform.
By proceeding with a referral link, referees acknowledge that:
They agree to the platform’s terms, features, and structure as described on the platform or associated documentation.
They are aware of and accept the immutable nature of blockchain and cryptocurrency transactions.
All transactions made on the platform are final, non-reversible, and publicly recorded on blockchain explorers for transparency.
Important Note: If referees do not fully understand or agree to the platform’s structure or features, they should refrain from using the referral link or accessing the platform.
3. Platform Referral Link Usage
A referral link is required to activate subscriptions on the platform.
When referees use the platform referral link (e.g., WSHARE), the collected fees are transparently displayed and distributed to WSHARE holders, as detailed on the platform's public dashboard at Profit Centre page.
The fees collected from platform referrals contribute to the WSHARE profit centre, which is a key component of the platform's economic structure.
4. Distribution of Fees
Approximately 49% of WSHARE ownership rights are held collectively by the DAO community.
Fees collected through the referral system are distributed proportionally among WSHARE holders, as recorded and displayed transparently on blockchain explorers.
Changes to this distribution structure, or any aspect of the referral system, can only occur through DAO voting mechanisms.
5. Immutable and Transparent Transactions
All transactions on the platform, including those facilitated through referral links, are processed via blockchain.
Blockchain transactions are immutable and irreversible by design, ensuring transparency and security.
Users acknowledge and accept that no disputes or complaints regarding transactions, referral-related earnings, or platform functionalities can be entertained once a transaction has been confirmed.
6. Disclaimer of Liability
WaveSwaps and GetonGlobal does not assume responsibility for any misrepresentation, misuse, or misunderstanding arising from the use of referral links.
The platforms are decentralized and governed by DAO stakeholders. All changes to the platforms or their systems are subject to community voting.
Users are advised to exercise due diligence and personal responsibility when using referral links or interacting with the platforms.
7. Acceptance of Terms
By using a referral link, you acknowledge and agree to:
The transparent and immutable nature of blockchain transactions.
The free-to-use nature of the referral system, without guarantees of its usage or outcomes.
The proportional fee distribution mechanism tied to WSHARE holders and governed by the DAO community.
8. Disputes
As all transactions are executed and recorded on the blockchain, no disputes, reversals, or modifications to referral-based transactions can be processed.
For concerns regarding the referral system or other platform features, users are encouraged to engage in the DAO voting mechanism to propose changes or improvements.
This Referral Protocol ensures transparency, fairness, and decentralization while empowering users to engage with the platforms responsibly. By participating in the referral system, you actively contribute to the platform's growth and the community-driven governance model.
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