The following outlines specific requirements upon which users will qualify for the gomoney referral giveaway. Provided the following criteria are met, all gomoney users— new and existing, qualify for the giveaway

• The referrer must be at least Tier 2 gomoney user, while the referred must have a Tier 3 account.

  1. A Tier 2 account is one which a user has successfully verified their BVN against the details on their gomoney account.

  2. A Tier 3 account requires the user's BVN and a scanned copy of the user's national ID (driver's license, passport, etc)

  3. Upon opening your gomoney account, every user is allocated a default account to mitigate against fraud, where daily limits on transactions and bill payments are N10,000 and N1,000 respectively.

  4. Upon upgrading to (a minimum of) a Tier 3* account (from the user profile), daily transaction and bill limits increase to N200,000 and N50,000 respectively. This is also the Tier that qualifies gomoney users for the referral giveaway.

     *It has come to our notice that some users have impersonated other Nigerians to advance on the leaderboard. As a result, we have changed the minimum eligibility from Tier 2 to Tier 3.

The referrer will only be paid when the person they refer upgrades to tier 3 and completes a transaction.

• To earn the reward, the referred must complete transactions with a cumulated total of at least N2,000 on any of the following:
  1. Services: Airtime, Internet subscription, TV bills, Utility bills (electricity)
  2. Payments: Card purchase
• The following do not generate points
  1. Funding your gomoney account (via bank transfers or payment link)
  2. Payments and transfers to and from other gomoney users
• The referred will get N200 upon signing up and meeting the criteria. Should they choose to, they can participate in the referral program and earn the N300 per referral by inviting additional users and recycling the process.
• Each referrer has a maximum of 20 paid slots worth N300 each. Upon reaching the 20 slots cap, every additional referral will count as points qualifying them for a chance to win the ultimate prize of an iPhone 11 128GB.

The leaderboard

<aside> 💡 The leaderboard starts count at #1 for referral #21.

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• For each additional referral, a user will gain 1 point
• The referral program and leaderboard will run for 4 weeks or until the first 100 referrals
• The referral winners will be determined on a first-to-finish basis, meaning that at the end of the race, the users at each identified winning point are the winners by default

Process

Our goal is to accumulate rewards for our referrers. What this means is that the more users a referrer refers, the higher their chances of winning the top prize. The leaderboard will serve as a public system for tracking referrers with the highest number of referrals.

At the end of the program the winners will be rewarded based on their position on the leaderboard as follows:

1. iPhone 11 128GB — first person to get 100 referrals
2. N80K — First 3 people to get 80 referrals
3. N50K — First 3 people to get 50 referrals
4. N20K — First 3 people to get 25 referrals