Valora Invite Rewards Terms and Conditions

***The Invite Rewards Program and resulting payouts are currently paused.***

The Invite Rewards Program lets you earn rewards for inviting your friends!

Here’s how it works:

  1. Start by connecting your phone number. You can do so during the onboarding process, from the relevant notification card on the app’s home screen, or from the Rewards screen.

  2. You will need a cUSD or cEUR balance in your wallet to participate. Follow these instructions for adding cUSD/cEUR to a Valora wallet. 

  3. Send funds to someone not yet on Valora. You can send funds directly to your friend using their phone number. You will find the send button on the home screen.

  4. Let your friend know that they have been invited. You can send them a message with your favorite messenger when you are confirming the transaction in Valora.

  5. Rewards are credited to your Valora balance within 3 days once your friend successfully joins and connects their phone number to Valora. If the person you invited doesn’t connect their phone number, they won’t be able to claim the payment you sent to them, and you won’t receive your reward. You can reclaim the funds you sent them before they received them from within the Valora app.

More details:

  • Make sure to connect your phone number to receive your rewards. You can connect your phone number in the Valora app (this is a process where you will receive 3 text messages). 

  • You do not need to take further action to claim the rewards, as long as the person you invite joins Valora and claims the funds you sent them (by connecting their phone number to Valora).

  • This program is expected to run until at least December 1st, 2021, or until funds run out. Reward amount and program duration may change. 

  • A single address cannot claim more than 100 cUSD/cEUR in a given reward period.

    • Reward periods start on Mondays, 00:00 UTC, and end on Sundays, 23:59:59 UTC.

  • Rewards will be distributed on a first-come, first-served basis (by phone number connection date) up to a total potential limit of 10,000 cUSD per rewards period.

Why did my reward not show up?

There are a few possible reasons:

  • You didn’t connect your phone number to your Valora account. There are a couple of ways to do this:

    • Find the notification card at the top of the home screen that offers the option to connect Now.

    • Go to Settings and tap on Connect Phone Number.

  • Your friend needs to join Valora and connect their phone number for you to receive the reward. You can, for instance, let them know by sending them a text message directly from the Valora app after sending them funds.

  • You may have reached your weekly limit: you only receive rewards for the first 20 friends you invite and who join successfully. This count resets every week.

  • It can take some time to process and send your rewards. Rewards will usually be processed within 3 days after the end of the earnings period. 

Important notices:

The reward rate and terms are subject to change anytime and are void where prohibited. Rewards are not guaranteed, may be discontinued at any time, and will be allocated on a best effort basis. Actual results may vary, based on various factors such as leap years, the timing of transfers, rounding, fund exhaustion, and variation in reward rates. 

This Invite Rewards Program is the effort of cLabs Inc. (“cLabs”)

LIMITATION OF LIABILITY

YOUR PARTICIPATION IS AT YOUR OWN RISK. THE INVITE REWARDS PROGRAM IS PROVIDED ON AN "AS IS'' AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED. NEITHER VALORA, CLABS, NOR ANY PERSON OR ENTITY ASSOCIATED WITH VALORA OR CLABS, MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE INVITE REWARDS PROGRAM. 

 

BOTH VALORA AND CLABS HEREBY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE.

 

IN NO EVENT WILL VALORA AND CLABS, ITS MEMBERS, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE INVITE REWARD PROGRAM AND ANY WEBSITES OR APPLICATIONS LINKED TO IT, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT OR OTHERWISE, EVEN IF FORESEEABLE.