New official referral program - Temporarily paused at this moment

Currently, the referral program participation is paused as of Oct 21 but this article
is to provide the original information which may not include the current available feature.

Referral Code

1. Issuing Referral Code
A referral code can be issued if the following two conditions are met.

Step1. Email is verified 
Step2. KYC is verified
You can check your own referral code in “Refer and Earn” Page.

2. How to use Referral Code
1) Referral hosts : 
Hosts can invite Friends by copying their own Referral Code or simpy share own referral link embedded with unique referral code from the “Refer and Earn” menu in the service.
* There is no limit to the number of Friends that a Host can invite.

2) Referral Friend
Friend can sign up for Haru Invest membership using a Referral Code in the following ways.
- Sign up for Haru Invest membership through the Referral Link that automatically fills in the Referral
Code at the member registration page

- Sign up by entering the referral code directly on the membership signup page without a referral link

Friend can only register one Referral Code.
Friend cannot remove or change the referral code after signup.


Issuing referral code should follow the following rules :

1) Referral codes are issued with 8 random uppercase letters or random numbers.
2) Existing referral codes (uppercase letters / lowercase letters/numbers) are inherited as their inherited referral codes are no longer case-sensitive.


The inherited referral codes issued during the beta program will only follow Referral Program 1.0 rules.
Once issued, the referral code cannot be changed.


Referral Code Related Term

Issuing Referral Code

How to use referral code

Host

There is no limit to the number of Friends that a Host can invite.

Friend

Friend can only register one Referral Code.

Friend cannot remove or change the referral code after signup.

How to register a Referral Code after signup

The referral code cannot be added to an account after signup

 

 

Referral Reward

Welcome Referral Reward

What is the Welcome Referral Reward?

  • It is a Referral Reward that both the Host and the Friend invited can receive when the Friend accomplishes the Referral Mission (meets the Lockup Requirement).

What is the Referral Mission (Lockup Requirement)?

  • If the friend creates a new lock-up worth over $500  after signing up, the host and friend will each receive $25 worth of BTC as a Welcome Referral Reward.
    • For Friends who signed up with a Referral Code before the Refer & Earn Program launch, please refer to the FAQs.
  • The Referral Mission mentioned above is subject to change as of October 11, 2022.

Can I receive multiple Welcome referral rewards?

  • The Host can receive a welcome referral reward whenever the invited Friends accomplish Referral Mission.

  • Friend can and will only be rewarded once with a Welcome Referral Reward

  • Welcome Referral Reward Policies

    Welcome Referral Reward

    1. Reward conditions

      1. New Friend (users who sign up after Refer and Earn Program launch on October 11, 2022)

        1. Friends who sign up via invitation from the Host and accomplish Referral Mission
        2. The conditions for a successful Referral Mission are as follows.
          1. Create one Earn Plus or Earn Explore lockup with an equivalent value of over $500
            1. The USD equivalent value is calculated based on the previous day’s USD closing price of BTC, ETH, USDT, XRP on Coinmarketcap.
            2. The Earn Plus lockup melted and purchased from Marketplace is not counted
            3. The $500 equivalent value is subject to change.
      2. Inherited Friend from beta referral program (Users who signed up with a referral code before the Refer & Earn Program launch on October 11, 2022)

        1. Only the Friends who signed up with a referral code but never created any lockup products are eligible;
        2. Referral Mission is accomplished;
        3. The conditions for a successful Referral Mission are the same as for new users above.
        • Friend can and will only be rewarded once with a Welcome Referral Reward
      3. Host

        1. There are invited Friends to accomplish Referral Mission
        2. Host can receive unlimited times of Welcome Referral Reward
    2. Rewared payment time ****

      1. The reward will be deposited when a new lock-up worth over $500 is detected.
    3. Payment Amount and Currency

      1. Friend: $25 equivalent BTC
      2. host
        1. Grade 1,2: $25  BTC
        2. Grade 3: $25  BTC
      3. The USD equivalent value is calculated based on the previous day’s USD closing price of BTC, ETH, USDT, XRP on Coinmarketcap.
    4. Others

      1. Welcome Referral Reward will be deposited into Haru Wallet.
      2. The reward deposit record can be found as “Welcome Referral Reward” in the transaction history.
      3. All contents of the Welcomre Referral Reward are always subject to change according to the policy.
      4. Referral Reward payment may be halted if there’s any violation of the Terms of Referral Program by the user.

Earn Referral Reward

What is Earn Referral Reward?

  • The referral reward paid to the Host equals up to 5% of the total earnings of a Friend’s Earn plus and Earn Explore products (Eligible for Host grade 2 and above)
    • Friend’s earnings of Haru Wallet are not counted
  • Earn Referral Reward is paid in the same cryptocurrency type as the Friend’s earnings.

Is there an expiration date for Earn Referral Reward?

  • Earn Referral Reward is valid for 730 days from the Friend’s signup date.

Are there any limits on the amount of Earn Referrral Reward?

  • Host can be rewarded an unlimited amount and times of Earn Referral Reward.

  • Earn Referral Reward Policy

    1. Reward payment condition

      1. Only Hosts of Grade 2 and above are eligible.
      2. Earn Referral Reward for Host is valid for 730 days from the Friend’s signup date.
      3. Earn Referral Reward rate calculation upon Grade change:
        1. Earn Explore: The rate is based on the latest Host Grade before maturity.
        2. Earn Plus: The rate is based on the latest Host Grade before daily interest payout.
    2. Reward payout time

      1. When the earnings of Friend’s lockup are paid out, the connected Grade 2/3 Host will be rewarded the amount of 2%-5% of those earnings in the same cryptocurrency type.
        1. Earn Plus : The reward is paid to the Host upon Friend’s Earn Plus daily interest payout.
        2. Earn Explore : The reward is paid to the Host upon Friend’s Earn Explore lockup settlement completion
          1. Auto-Renewal does not affect earnings calculation.
          2. Friend’s earnings are calculated with performance fee excluded.
    3. Exception cases

      1. The reward will not be paid when the Friend’s referral code has expired (730+ days after signup)

        1. Earn Plus: Referral Reward will not be paid from the next day of the Referral code expiration date.
        2. Earn Explore: Referral Reward will not be paid if the Referral code expires before the lockup ending date.
      2. Freeze related exception policies are as below:

        1. When a Friend’s Earn Plus lockup is frozen into a Frost, the Earn Referral Reward payout to the connected Host for this lockup also halts.
          1. The earnings of Frosts are paid into Wallets instead of Earn Plus. So the Earn Referral Reward does not count.
        2. When a Friend’s Frost is melted into Earn Plus, the Earn Referral Rewards will carry on being paid out to the connected Host.
        3. When a Friend melts his Frost purchased from Market Place into an Earn Plus lockup, the Earn Referral Reward for this lockup to the connected Host will resume Friend receives Earn Plus earnings.
      3. If the earnings of a Friend are less than those below, the Earn Referral Reward will not be deposited.

        1. BTC :
        2. ETH :
        3. USDT :
      4. Referral Reward will be canceled upon any violation of the Terms and Conditions of the Referral Program.

    4. Reward amount and cryptocurrency type

      1. Earn Referral Reward are paid in the same cryptocurrency with the Friend’s earnings
      2. Earn Plus: daily earnings * Earn Referral Reward ratio
      3. Earn Explore: net profit (total profit - performance fee) * Earn Referral Reward ratio
    5. Others

      1. Rewards are deposited into Haru Wallet
      2. The deposit history can be found as “Earn Referral Reward ” in “Recent Transactions” of Haru Wallet ****

Referral Level

Host Level

  • There are 3 levels of Host: Grade 1, Grade 2, Grade 3.
    • Grade 1 : When the Referral Code is issued, the user becomes Grade 1 Host.
    • Grade 2 : When 10 or more connected Friends have accomplished the Referral Mission, the Host upgrades to Grade 2.
      • Even when some Friend terminates his/her account after accomplishing the Referral Mission, the accumulated number of mission-accomplished Friends for the connect Host won’t reduce.
    • Grade 3 : Ambassador level Hosts who match certain standards among the Grade 2 Hosts. The Ambassador program is manually applied by the Grade 2 Hosts and decided after Haru Invest internal review and evaluation.
      • Applying for Ambassador Program

        Please refer to the related documents

Are there different levels or grades for Friend?

  • Friend has no levels or grades
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