Latest Pintu Referral Program – Terms and Conditions

Referral Schema Example

1. A invites B to use Pintu,
2. B invites C to use Pintu,
3. C invites D to use Pintu,
4. A doesn’t use anyone’s referral code.

Commission Simulation #1

D buys BTC worth Rp1,000,000,-

Since D uses C’s referral code, D earns (0.004% x 1,000,000) = 40 IDRT as a commission,

Since D uses C’s referral code, C earns (0.012% x 1,000,000) = 120 IDRT as a commission,

Since C uses B’s referral code, B earns (0.006% x 1,000,000) = 60 IDRT as a commission,

Since B uses A’s referral code, A earns (0.004% x 1,000,000) = 40 IDRT as a commission.

Commission Simulation #2

C sells BTC worth Rp2,000,000,-

Since C uses B’s referral code, C earns (0.004% x 2,000,000) = 80 IDRT as a commission,

Since C uses B’s referral code, B earns (0.012% x 2,000,000) = 240 IDRT as a commission,

Since B uses A’s referral code, A earns (0.006% x 2,000,000) = 120 IDRT as a commission.

Commission Simulation #3

B sells BTC worth Rp3,000,000,-

Since B uses A’s referral code, B earns (0.004% x 3,000,000) = 120 IDRT as a commission,

Since B uses A’s referral code, A earns (0.012% x 3,000,000) = 360 IDRT as a commission,

Commission Simulation #4

A buys BTC worth Rp4,000,000,-

Since A doesn’t use anyone’s referral code, no one gets a commission.

Limitations

Pintu users can use the referral code in a circular manner, but keep in mind that each user who is entitled to earn a commission will only receive a commission one time from each transaction.

All commissions earned infractions will be rounded down.

Example:

Rp0,1 ⇒ Rp0,-

Rp100.7 ⇒ Rp100,-

Rp100,000,9 ⇒ Rp100,000,-

TAX

You agree that any tax obligations and/or fees arise upon and/or applied to in relation to the use of Referral Program shall be borne by each party in accordance with each party’s portion.

REPRESENTATION AND WARRANTIES

You agree that you: (i) have disclosed all true, accurate and complete information to Pintu as part of the Know Your Customer (KYC) process; (ii) have complied with all terms stated in these T&Cs, terms and conditions and privacy policy available with the Pintu app or website, as well as all prevailing laws and regulations in Indonesia; and (iii) shall not permit or be involved in any fraudulent activities towards other users, Pintu or any other third party, including, but not limited to, use of bot or any other technology to manipulate or forge data to increase the yield or benefit that you may obtain from Referral Program.

RISKS DISCLOSURE

• You agree and acknowledge that you are using and participating in Referral Program with your own risk. You acknowledge and admit that there are risks in using Referral Program, including, but not limited to, the listed risks below.
• Legality: In accordance with the prevailing regulations and supervision of related authorities, we may vary, suspend or terminate Referral Program. You are responsible to determine whether your participation in Referral Program is in accordance with the legality in your jurisdiction. You are prohibited to participate in Referral Program should such use is regarded illegal in your jurisdiction. You are advised to seek independent legal advice should you feel uncertain.
• Cyber Attack: You acknowledge that digital crypto asset may be subject to expropriation, theft or fraud by hackers or any malicious groups that may attempt to interfere with our system in any way, including malware attacks, denial of service attacks, consensus-based attacks, sybil attacks, smurfing and spoofing that may result in the loss of your digital data.
• Source Code Weakness: you acknowledge that our system may unintentionally include weaknesses or bugs in the source code which may adversely affect Referral Program.

FORCE MAJEURE

Any default, failure, interference or delay in complying with the obligations or any inconsistencies at Referral Program that is caused by, whether entirely or partially, direct or indirect, by an event or such failure is caused by any reason whatsoever beyond our control including, but not limited to, natural disasters, act of government (including change of law or anything that is unexpected beyond reasonable control of), failure or disruption to public or private telecommunication network; communication lines or information system, war, terrorism, riot, virus, malware, other malicious computer source code, or hacking, shall not be regarded as Pintu’s failure in delivering its obligations under these T&Cs.

LIMITATION OF LIABILITY

• Notwithstanding any provisions in these T&Cs, in no event shall either party be liable to the other party for any type of incidental, special, exemplary, punitive, indirect or consequential damages, including, but not limited to, lost revenue, lost profits, replacement goods, loss of technology, loss of data, or interruption or loss of use of services or equipment, even if such party was advised of the possibility of such damages, and whether arising under theory of contract, tort, strict liability or otherwise.
• Notwithstanding the foregoing, without limiting the substance of other terms in this T&Cs and to the fullest extent permitted by the prevailing regulations, you agree and acknowledge that Pintu’s aggregate liability for any loss or damage arising in connection with Referral Program is limited to the total amount of yield or benefit that has been rewarded to you in the past 3 (three) months prior the event giving rise to the claim of liability.
• For the avoidance of doubt, You agree and acknowledge that this Referral Program is a marketing program of Pintu’s platform with a commission as a reward. As such, You admit and agree that Pintu shall not be held liable for any loss of revenue or loss of profit in relation to each trading activity or investment of crypto asset that You or your friend as a referral recipient conducted yourself bearing the tading or investing risk of digital crypto assets in general, whereby teh value of the assets may substantially fluctuate as you may suffer losses in relation to your ownership, placement, storage, to the extent the total value of your digital crypto asset that you placed.

INDEMNIFICATION

You agree and acknowledge that you will defend, indemnify, and hold harmless Pintu and each of its respective employees, officers, directors, employees and/or its affiliates in its entirety from and against any claims, damages, losses, liabilities, costs, and expenses that may be suffered by Pintu or may be claimed towards Pintu, whether direct or indirect, in relation to your failure in complying with these T&Cs, the terms and conditions and privacy policy available with Pintu app or website and/or in fulfilling your obligation to comply with prevailing laws and regulations.

TERMINATION

• The applicability of these T&Cs will be terminated immediately by the closing of Referral Program by Pintu with prior notification through appropriate channels. For avoidance of doubt, the termination of these T&Cs shall not prevent any party from seeking any remedies against any other party for any breach of these T&Cs in accordance with the terms of these T&Cs and prevailing regulations.

GOVERNING LAW AND ARBITRATION

• You agree that these T&Cs and any claim or dispute arising out of or in connection with the subject matter of these T&Cs are governed by the laws of the Republic of Indonesia.
• Any dispute or claim arising out of or in connection with these T&Cs, or any incompliance, termination or defect thereof, shall be finally settled by arbitration in accordance with the arbitration rules of the Indonesian National Arbitration Board (“BANI”)based on the prevailing regulation adopted by BANI. The arbitration process shall be held with 1 (one) arbitrator appointed by Chairman of The arbitration is in Jakarta. Any arbitral award is final and binding to the parties.

MISCELLANEOUS

• Severability: The invalidity of the whole or part of any provisions of these T&Cs shall not affect the validity of the whole or part of any other provisions of these T&Cs, the remaining portions of these T&Cs shall remain in full force and effect.
• Language: These T&Cs are made bilingual in Bahasa Indonesia and English. In the event of inconsistency between the Bahasa Indonesia version and the English version, the Bahasa Indonesia version shall prevail.