Users will receive notifications on action-needed activities via emails or SMS
Registration requires a referral code from an existing member. This could be from the referral’s link or from direct code entry to the registration form
Members get a one-off, 5% of coins bidded by person referred, as Referral Bonus and will be paid out when it reaches a set threshold of 10,000.
Users MUST request entry before each new auction. Minimum bid value is 10,000.
Bid Amount MUST be equal to or greater than previous amount i.e. you cannot bid less than previous bid amount.
Users MUST include the Bid’s Reference Number as the payment narrative when making payments.
Users MUST include the Bid’s Reference Number as the payment narrative when making payments.
Fake proof of payment is a serious offence and is highly forbidden. Users can report fake proofs of payment and actions will be taken against offenders including permanent ban.
Banning will include the user’s IP address, email, phone, names and bank details. These users will be removed from all our social groups and added to our System’s Blacklist.
As part of the registration, new members MUST verify their emails AND phone numbers. The phone number used in registration MUST be a WhatsApp number.
There will be 2 Auction windows per day.
Morning (8:00am to 9:00am) and
Evening (7:00pm to 8:00pm)
Bid Maturity duration is 10 days. This would yield a 100% profit.
Minimum bid slot value is 10,000 coins for NGN 10,000.
Users MUST bid back 50% of their settlement once they have received payment after each bid maturity.
Once a user bids on a slot, they have 30 mins to make payment to the owner.
If for any reasons the user is unable to make the payment within 30 mins, they MUST cancel the bid immediately within the 30 mins to avoid penalty charges (5% of the amount).
If a user does not cancel a bid, and payment has not been made within 30 mins, a penalty and disciplinary actions will be applied.
Slot Owners have 30 mins to confirm settlement payments. A penalty charge of 5% of the amount is applied when this time is exceeded.
Cancelling a bid will place that Bid slot back to the Auction floor which will be available for other users to bid.
Users having issues settling their bids will have the option to request for time extension from the bid slot owner. If approved, this will extend the expected settlement deadline by 1 hour or more, as agreed between parties.
If a user’s coins have reached maturity, their bid slots are created automatically in the Auction Floor. Notification is sent to the user.
Users will receive notifications via emails (and SMS for more important actions needed)
