Thank you for your loyalty to Makara and for your interest in referring people to use our app. To show our appreciation for referrals, we have developed this referral program to express our gratitude.
When a current user refers a new customer, both the current user and the new customer will receive a deposit of at least $20 worth of a randomly selected “altcoin” that is currently available in the Universe Basket. Following are the terms and conditions associated with our referral program:
- Both the initial user and the referred user must make a deposit into a Makara account and have a balance of at least $50. Once the deposits are in the account, both users will receive the altcoin referral reward.
- Referred users are required to maintain a deposit balance of at least $50 for 6 months. If withdrawals bring the balance below $50, Makara will take back the referral award from both the referrer and the referred user.
- Upon deposit receipt, altcoin referral rewards will be sold and transferred into your own basket allocation.
- Referral rewards received by any individual cannot exceed $1,000 in a 12-month period. If you have received $1,000 in the most recent 12-month period, then you will not be eligible to earn a referral reward until your total earned in the prior 12-month period is less than $1,000.
- Referral bonus and other reward amounts exceeding $600 will result in a 1099-MISC being issued.
- Individuals may not create and fund multiple accounts for themselves to earn rewards. Referred users must be distinct individuals from the initial user.
- Initial users and referred users must be eligible to open and maintain a Makara account. For example, currently all users must be US citizens.
- The referral program and the associated terms and conditions are subject to change at any time, without notice.
If you have questions about the referral program please email email@example.com and use "referrals" in the subject line of your message. Thanks!