Denario Refer & Earn – Terms & Conditions

Last updated: 17\. November 2025

Issuer: Denario AG, Switzerland

These Terms & Conditions (“Terms”) govern your participation in Denario’s Refer & Earn program (the “Program”). By creating a Denario account or using the Denario App, you agree to these Terms, our Terms of Use, and Privacy Policy.

1\. Definitions

Referrer: An existing Denario user who shares a personal referral link or code.

Referred User: A new user who registers via a Referrer’s link/code.

Successful Referral: A Referred User who completes registration and makes a qualifying first purchase in accordance with Section 4 while the Program is active.

DSC: Denario Silver Coin.

2\. Eligibility

The Program is open to individuals legally permitted to use the Denario App in their jurisdiction.

Denario may exclude certain countries/regions for legal or risk reasons.

Denario employees, contractors, and affiliates may be excluded or limited at Denario’s discretion.

Accounts flagged for fraud, abuse, or AML concerns are ineligible and may be suspended.

3\. Automatic Participation

By registering a Denario account, you are automatically enrolled in the Program and may receive a personal referral link/code. Participation is optional; you may choose not to share your link/code.

4\. Qualifying Purchases & Timing

A referral counts as a Successful Referral when the Referred User makes their first purchase (completed, cleared, and not refunded) at any time during the Program’s active period.

Speed bonus (for Referrer): Granted if the Referred User completes their first purchase within 7 days of registration.

Welcome bonus (for Referred User): During a limited campaign period (announced in-app/website), a Referred User receives 0.1 DSC on their first purchase ≥ 3 DSC (or fiat equivalent at checkout).

A “purchase” means a completed, cleared, and not-refunded transaction paid via supported rails (e.g., card, bank transfer, stablecoins), net of fees and chargebacks.

5\. Rewards (Structure, Calculation & Caps)

For the Referrer

Base reward: 0.1 DSC per Successful Referral.

Speed bonus: \+0.1 DSC if the Referred User’s first purchase occurs within 7 days of registration.

Monthly volume-based tier bonuses (aggregate referred volume):
$5,000 → \+0.5 DSC

$10,000 → \+1 DSC

$25,000 → \+5 DSC

$50,000 → \+15 DSC

Monthly calculation & payout: Volume-based tier bonuses are calculated on the last day of each calendar month using net, verified referred purchases posted in that month, and paid out thereafter.

Monthly cap: Maximum 25 DSC rewards per Referrer per calendar month.

For the Referred User

Welcome bonus: 0.1 DSC on first purchase ≥ 3 DSC (available only during the campaign period announced in-app/website). One per user.

Notes

Volume is calculated net of refunds, reversals, chargebacks, credits, or promotional discounts, and converted to USD for threshold checks at Denario’s reference rate.

Where applicable, the no-KYC limit (e.g., $1,000/month per user) applies; purchases beyond such limits require completion of KYC as per Denario’s AML obligations.

Denario may adjust DSC/USD reference rates, reward amounts, and tier thresholds (see Section 11).

6\. Credit, Settlement & Fees

Base rewards, speed bonuses, and welcome bonuses are credited in DSC to the user’s Rewards Wallet after verification.

Tier bonuses are credited after the month-end calculation cycle referenced in Section 5\.

Network fees, blockchain congestion, or security checks may delay crediting.

Denario may hold or claw back rewards in case of suspected abuse, ineligibility, or transaction reversals.

7\. Prohibited Conduct

You agree not to: create or control multiple accounts; self-refer; spam/mislead; breach laws (AML/CTF, sanctions, consumer, advertising); or circumvent purchase limits/KYC/Program logic. Violations may result in forfeiture of rewards, account suspension, or legal action.

8\. Taxes & Reporting

You are responsible for any taxes or reporting arising from rewards. Denario does not provide tax advice.

9\. Compliance, AML & KYC

Denario operates under Swiss AML requirements (SRO membership) and may request verification at any time; participation may be denied/suspended/revoked for AML/CTF or sanctions concerns.

10\. No Investment Advice

Program participation and rewards do not constitute investment, legal, or tax advice. Purchasing DSC carries risks. Review our Risk Disclosures.

11\. Changes, Campaign Periods, Suspension & Termination

Denario may define and publish specific campaign periods (including the Welcome Bonus period) in-app and on the website; such notices (start/end dates) are incorporated by reference.

Denario may modify, suspend, or terminate the Program (including rewards, thresholds, timing, eligibility, geographies) at any time, with or without notice, where legally permissible.

Changes are effective upon posting in-app/website. Continued participation after changes constitutes acceptance.

12\. Liability & Indemnity

To the maximum extent permitted by law, Denario is not liable for indirect/special/consequential damages, loss of profits/data/goodwill. Denario’s aggregate liability for direct damages related to the Program shall not exceed the USD equivalent of 100 CHF. You agree to indemnify Denario for claims arising from breach or misuse.

13\. Intellectual Property & Publicity

Denario owns Program content/branding. Denario may reference first names or pseudonymous handles (where lawful) in leaderboards/announcements; opt-out via support.

14\. Data Protection

Personal data is processed per the Denario Privacy Policy and applicable laws. Referral links/codes may include identifiers to attribute rewards.

15\. Governing Law & Venue

These Terms are governed by Swiss law (excluding conflict rules). Exclusive venue: Lenzburg, Switzerland.

16\. Severability & Entire Agreement

If any provision is unenforceable, the remainder remains effective. These Terms (with the Terms of Use and Privacy Policy) form the entire agreement for the Program.

Contact: support@denario.swiss