Referral & Promotions Program Terms

These Referral & Promotions Program Terms ("Program Terms") govern your participation in every promotional or incentive program offered by Midas ("we," "us," "our"), including, without limitation, referral rewards and commissions, sign-up and identity-verification bonuses, cashback and voucher programs, daily check-in and milestone rewards, trading competitions, airdrops, learn-and-earn rewards, and any other campaign or promotional offer of any kind (collectively, "Promotions"). These Program Terms are supplemental to and incorporated into the Midas Terms of Service and the Prohibited Use Policy. In the event of conflict, these Program Terms control with respect to Promotions. By claiming, accepting, or participating in any Promotion, you agree to be bound by these Program Terms.

1. Eligibility

1.1 One Participation Per Person

Unless a Promotion's specific terms expressly state otherwise, each Promotion is limited to one (1) participation per natural person, regardless of how many accounts, email addresses, devices, or identities that person controls or has access to. Participation through a business account is limited to one (1) participation per legal entity, and an entity and its beneficial owners count as a single participant where a Promotion is claimed for the same underlying benefit.

1.2 Verification Requirement

Eligibility for any Promotion may be conditioned on completed identity verification (KYC) at the level Midas specifies, on residence in an eligible jurisdiction, and on genuine, organic use of the Platform. Midas may withhold, delay, or deny any Promotion benefit pending verification of eligibility, and may require additional verification at any time before or after crediting a benefit.

1.3 Ineligible Persons

Employees and contractors of Midas and their immediate family members, market-making partners acting in that capacity, and any person previously found to have violated these Program Terms, the Terms of Service, or the Prohibited Use Policy are ineligible for Promotions unless Midas expressly states otherwise in writing.

2. Referral Program

2.1 Structure

The referral program rewards eligible Users ("Referrers") for introducing new Users ("Referees") who register through the Referrer's unique link or code and go on to use the Platform genuinely. Reward types, commission rates, reward caps, level structures, and payout schedules are published on the Platform referral pages and may differ by campaign, tier, jurisdiction, and time period.

2.2 Genuine Referrals Only

A referral qualifies for rewards only where the Referee is a real, distinct natural person who registers of their own volition, completes any required verification, and engages in genuine platform activity. Rewards do not accrue for referrals generated by prohibited means described in Section 3.

3. Prohibited Conduct

3.1 Multi-Account & Sybil Abuse

The following conduct is strictly prohibited in connection with any Promotion:

• Creating or operating more than one account, including through variations, aliases, or derivatives of the same email inbox (such as "dot" or "plus" addressing variants), disposable or temporary email services, secondary phone numbers, virtual machines, or borrowed, purchased, or synthetic identities
• "Sybil" activity or reward "farming" — operating a network of accounts to multiply sign-up bonuses, referral rewards, vouchers, cashback, airdrops, or any other promotional benefit
• Self-referral in any form, direct or indirect
• Coordinated schemes among two or more persons — mutual or circular referrals, incentivized sign-ups, account rings, or paid registration services — designed to extract promotional value without genuine, independent platform usage
• Artificial activity intended to satisfy Promotion conditions, including wash trading, self-dealing, offsetting positions across accounts, or trading primarily against bot or in-house liquidity to simulate volume
• Spam, unsolicited communications, impersonation of Midas, misleading or deceptive advertising, or bidding on Midas trademarks to generate referrals
• Exploiting any bug, error, or unintended behavior of a Promotion's mechanics
• Any other conduct that Midas determines, in its sole discretion, is inconsistent with the intent of a Promotion

3.2 Linked Accounts

Midas may determine that two or more accounts are owned, operated, or coordinated by the same person or by persons acting in concert using any technical or documentary evidence, including email canonicalization, device fingerprints, IP addresses and network data, payment instruments, blockchain analysis, behavioral patterns, and identity-verification data. Midas's determination is final and binding. All linked accounts are jointly and severally responsible for violations committed through any of them, and enforcement measures may be applied to any or all linked accounts.

4. Revocation, Clawback & Enforcement

4.1 Revocation of Benefits

Where Midas determines that any Promotion benefit was obtained in violation of these Program Terms, Midas may rescind and reverse that benefit at any time — whether or not it has been credited, unlocked, converted, transferred, or withdrawn — without prior notice and without compensation.

4.2 Recovery of Value

Without limiting any other remedy available under the Terms of Service or the Prohibited Use Policy, Midas may: (a) void unaccrued or unpaid rewards; (b) deduct the value of improperly obtained benefits — together with any profits, proceeds, or assets derived from them — from any balance in any account owned by, or linked to, the violating User; (c) set off such value against any present or future obligation of Midas to that User; and (d) where the value has been withdrawn or otherwise placed beyond direct deduction, demand immediate repayment and recover it, together with reasonable costs of recovery (including legal fees), through any available legal means. Amounts subject to recovery constitute a debt due and payable to Midas on demand.

4.3 Account Measures

Midas may additionally suspend, restrict, consolidate, or terminate any account involved in a violation of these Program Terms; disqualify the User from current and future Promotions; withhold funds pending investigation; and report unlawful conduct to law enforcement or regulatory authorities, all in accordance with the Terms of Service and the Prohibited Use Policy.

4.4 No Liability

Midas shall have no liability for any loss, damage, cost, or inconvenience arising from any action taken in good faith under this Section 4.

5. General

5.1 Modification & Termination

Midas reserves the right to modify, suspend, or terminate any Promotion, or these Program Terms, at any time and without prior notice. Accrued but unpaid benefits may be forfeited upon termination of a Promotion or of a User's account for violation of these Program Terms. Midas's determinations regarding eligibility, reward calculation, and abuse are final and binding.

5.2 Taxes

You are solely responsible for determining, reporting, and paying any taxes arising from Promotion benefits you receive.

5.3 Relationship to Other Terms

These Program Terms supplement, and do not replace, the Terms of Service, the Prohibited Use Policy, and all other Platform policies, each of which continues to apply to your use of the Platform, including your participation in Promotions.