The referrer and the referred must be different people. To earn rewards from referrals, you need to have a valid and approved account in the Passfolio app. Referrals are only counted if the person invited creates a valid Passfolio account and deposits at least US$1 after having used the referrer’s link to download the app. You and your friend may not receive the same stock since they are chosen randomly. Passfolio users may receive up to US$500 in free stocks per year. The referral reward will be credited to the enrolled account within approximately one week after the referral is successful. Rewards will be given to participants as a free stock credited in their accounts, worth the value of the reward by the time the stock was purchased. Due to market conditions, the reward value may vary once the buy order for the stock reward is executed. When the referral conditions are met, the referral reward will be given as a share of a randomly selected stock from the top traded stocks among users in the Passfolio app, including AAPL, ABEV, ACB, AMZN, BABA, BAC, BRK.B, CGC, CZZ, DIS, EQNR, FB, GOOG, GOOGL, JNJ, MSFT, NVDA, TSLA, UBER and XP. There is an approximately 96% chance of the referral reward having a value of US$5, an approximately 2% chance of the referral reward having a value of US$10, an approximately 1% chance of the referral reward having a value of US$25, an approximately 0.5% chance of the referral reward having a value of US$50, an approximately 0.33% chance of the referral reward having a value of US$75, and an approximately 0.25% chance of the referral reward having a value of US$100, based on the price of shares at the time of purchase. You will not be able to change the reward, but if you decide to sell your gifted stock, you’re allowed to do so three trading days after you receive it. You can use the proceeds from the sale towards other stocks that you want to invest in. If you sell your free stock, you must keep the cash value of the stock in your account for at least 30 days before withdrawing it. After the thirty-day window, there are no restrictions on the proceeds. The cash value of the stock is determined by the price of the stock at the time you received it. If you receive a stock reward, you are responsible for all applicable taxes and charges resulting from it. Passfolio may suspend or terminate the referral program or a person's ability to participate in the program at any time, for any reason. Passfolio reserves the right to suspend users or deny any rewards if we notice any activity that we believe is abusive or fraudulent. We also reserve the right to modify the rules of this referral program at any time without prior notice.
