OUR TERMS AND CONDITIONS

Welcome to SOW COINS AUCTION. By participating in our platform, you agree to comply with and be bound by the following terms and conditions. Please read these terms and conditions carefully before using our PLATFORM.

1
NO FRAUDULENT ACTIVITIES POLICY

Fraudulent activities such as;

Scamming members of their money;
Uploading fake proof of payment etc.

are highly prohibited and account(s) of member(s) involved in such act will be permanently blocked immediately.

Quickly report any fake proof of payment immediately, so account of the fraudulent person with SOW COINS AUCTION will be blocked immediately.

2
NO BIDDING AMOUNT DOWNGRADES POLICY

You MUST continue with your first bidding amount or increase to a higher amount.

If you start with N20,000, you will have to continue bidding N20,000 or amount higher than N20,000, because the system will not allow you enter any amount lower than N20,000.

If you upgrade from N20,000 to N50,000, you will not be able to bid N20,000 anymore, you will either continue with N50,000 or any amount higher N50,000.

At SOW COINS AUCTION its forward ever and backward never !!!

3
100% RECOMMITMENT POLICY

Our 100% Recommitment Policy is one of the major backbone of this community Interest based project because it ensures sustainability, continuity to infinity. It erases the motion of HIT AND RUN that can crash the system.

100% RECOMMITMENT (of your last buy plan or a higher buy plan) AFTER THE INITIAL BUY is a MUST for you to be able to REQUEST TO SELL YOUR COINS AFTER 10 DAYS MATURITY. And this MUST be done after 3 days of your first buy and before the 10 days maturity period. Our Automated System will not let you Request to Sell your Coins if this is not complied with.

4
DUTIES AND RESPONSIBILITIES OF MEMBERS OF SOW COINS AUCTION ONLINE NOBLE COMMUNITY POLICY

■ INVITE / REFERRAL.
For our CROWD FUNDING Noble Community to keep growing and expanding which will be to the benefits of all, because more members will translate to more free flow of fund within the system, Members are expected to invite at least one or more new member after their first Cash Out and before all of their Next Cash Out. introduce, referee at least one new member (family, friends and associates ) before your Next Cash Out. This will considered before your Request to Sell your Coins is Matched with Available Buyer(s).

Remember, Invite / Referral Bonus is 10% of the first amount your referrals contributed to the community.

■ FRESH FUNDS INJECTION / NEW BUY.
As a Member of this CROWD FUNDING online community you MUST inject, introduce, put in fresh funds in the system by buying new Coins of the same Plan as your last Buy Plan or a Higher Buy Plan to keep the system functioning in terms of free flow funds within the community.

This MUST be done AFTER you have RECOVERED and MADE 300% PROFIT on all your INDIVIDUAL CAPITALS. Your Request to Sell Coins will be CANCELLED if you do not comply fully with this Policy that aimed at Sustaining System to Continue taking care of our financial needs.

5
THE MIDDLE MAN AND THE PAYMENTS AGENT POLICY

Due to the very terrible ugly experience we had when allowed Buyers and Sellers to interface or deal directly, the Parent Company of Sow Coins Auction (DAVID AJUONUMA FOUNDATION which PROVIDED THIS PLATFORM FOR COINS TRADING BETWEEN AVAILABLE BUYERS AND SELLERS) is NOW directly involved in Coins Trading activities as THE MIDDLE MAN and THE PAYMENTS AGENT between Coins Buyers and Sellers.

1. NO MORE PAYMENT DEFAULT : with this new strategy every Buyer matched with Seller(s) will definitely pay for the Coins since the company is the payments agent now. And Buyers now pay for Coins even before they get matched with Sellers. 

This was the ONLY reason we had pending Sells Requests before,  because some group of individuals requested to buy Coins and never paid for the Coins after they were matched with Sellers. All that are part of our history now. 

2. NO MORE CANCELLED TRANSACTIONS : Since every Buyer matched to buy Coins fully paid for their Coins through the company even before being matched, there won't be any need to cancel any transaction because there won't be any uncompleted transactions anymore.

3. FASTER CONFIRMATION OF PAYMENTS : The CEO himself is the One coordinating this new strategy, so he can through his backend office confirm your payments if the Seller delays in doing so, since he's sure the payment has been made.

4. FREEDOM TO BUY AS MANY TIMES AS YOU WISH AS OUR SYSTEM PERMITS YOU. All that is required of you is a buy plan of your choice and a 100% recommitment of your last buy plan or a higher buy plan, but you can buy as many times as they wish, because the more the better.

5. TESTIMONY : Since most members usually forget to upload or post their evidence of payments made or received, the Mgt team will upload all the proofs of payments at the end of every live bidding session.

6. NO MORE CALLING ANYONE DURING OUR LIVE BIDDING. With this new strategy nothing like calling a Buyer to pay up for your Coins or a Seller to confirm your payment. The Company as a middle man between Buyers and Sellers takes care of all that.

7. TOTALLY SANITISED AND CLEANED UP SYSTEM: With this new strategy our System or Online Peer-to-Peer Community has been totally SANITISED and CLEANED UP having ONLY REAL, SERIOUS AND BUSINESS MINDED MEMBERS because the strategy will completely eliminate those with evil intentions against our System.

8. CONTINUITY AND SUSTAINABILITY: with this new strategy our deepest desire for Sow Coins Auction which is to see Sow Coins Auction last till infinity to take care of our financial needs will become a reality.

All you need to do is just REQUEST TO BUY between 3.01pm and 12 midnight the Company will do the rest.

After REQUESTING TO BUY COINS, simply transfer the money for your coins to the Company account and send your full names and email with evidence of your transfer to the Admin in charge of Collation.

The Company will PAY, UPLOAD PAYMENT PROOF AND ALSO CONFIRM PAYMENT for you, if the seller delays in doing so in 10 minutes. And also transfer the ownership of the Coins to you, which is Confirmed by your active Countdown timer to Maturity.

And any Buy Coins Request that is not followed with payment to the company account  will be CANCELLED after 12 midnight.

NOTE:
Also NOTE that the Company will ONLY PAY THE SELLER 50% OF THE TOTAL SELL AMOUNT and will use THE REMAINING 50% TO BUY COINS FOR THEM.

The MONEY you will pay into the company account is for ONLY one PURPOSE of Buying Coins for you from available Coins Seller(s) And you can confirm that your Coins have been PURCHASED from your Records (under Buy) when you see your Countdown to 10 Days Maturity Timer starts counting down (Front-End transaction) or when your New Coins value (Capital + Profit) reflect on your dashboard as your Available Balance for Sell (Back-End transaction)

6
REQUEST FOR ENTRY POLICY

Request for Entry To Buy Coins During Our Live Bidding/Trading/Auctioning Must be made between 3:01pm and 12 Midnight.

Request for Entry To Sell Coins During Our Live Bidding/Trading/Auctioning Must be made between 3:01pm and 12 Midnight.

The Minimum Amount you can buy per Trading Session is N25,000, while the Maximum Amount is N500,000.

Your Referral Bonus Amount will ONLY appear at the Sell Request Plans Portal when it's upto N50,000. Meaning You can ONLY put up your Referral Bonus for Sell when it is upto N50,000.

You MUST have AT LEAST TWO COMPLETED BUY PLANS, (One MATURED and One Counting down to Maturity) to be ELIGIBLE to REQUEST TO SELL Your Coins.

7
24 HOURS REBIDDING POLICY

As a Member of this Noble community Interest base group, You are MANDATED TO INJECT BACK MONEY INTO THE SYSTEM BY REBIDDING AGAIN WITHIN 24 HOURS AFTER RECEIVING PAYMENT. Simply keep your CAPITAL for yourself if you so desire and rebid again within 24 hours with your PROFIT.

This is ONLY way to ensure continuous free flow of fund within our bidding community. This is extremely important for the benefits of all members.

8
DISPUTE RESOLUTION POLICY

Settlement and Sorting out of all Dispute that may arise within the community MUST be done only internally.

9
MANDATORY TESTIMONY POLICY

All members of this Noble community Interest base group are MANDATED TO SCREENSHOT AND POST ON OUR TELEGRAM or WHATSAPP GROUP Evidence of transfer made or Payment received and its a MUST. You can cover your account balance before posting it.

Let us do our part to make our Telegram or WhatsApp Groups very exciting place for all of us by posting our credit alerts and transfer notifications in the group. For this will encourage others especially those prospects within us that are yet participate in our bidding sessions.

10
POSTING ON OUR GROUP POLICY

Our Telegram or WhatsApp Groups are mainly to promote, celebrate, congratulate and encourage each others on our bidding activities. No form of complaints, discouraging and negative write up or post will be entertained at all.

Posting of articles, broadcast, birthdays, weddings, your religious activities and programmes or any post that is not related to the activities of this Noble online community will not be entertained. No form of inciteful, provocative, insultive and abusive post against any member(s) or the community will be entertained.

Respect and value creation is our watch word in SOW Coins Auction, because we are one big online family.

DEFAULTERS will be immediately removed from our Telegram or WhatsApp Groups to avoid unnecessary tensions and disruption of the Peace of the community.

11
DUTIES AND RESPONSIBILITIES OF THE SYSTEM / PLATFORM OWNERS POLICY

SOW COINS AUCTION SYSTEM is ONLY a COINS TRADING PLATFORM provided by the OWNERS and MANAGERS DAVID AJUONUMA FOUNDATION for AVAILABLE and INTERESTED COINS BUYERS and SELLERS with the INTENT for both BUYERS AND SELLERS to Trade for Profit.

So the MAJOR RESPONSIBILITIES OF THE OWNERS OF SOW COINS AUCTION ARE PROVISION and MANAGEMENT of a RELIABLE, FUNCTIONING and EFFICIENT COINS TRADING PLATFORM/SYSTEM for AVAILABLE and INTERESTED COINS BUYERS and SELLERS to TRANSACT with the intention of trading for PROFIT, but just like there are elements of RISK and possibility of LOSSES in all business ventures, THE OWNERS OF SOW COINS AUCTION WILL NOT BE HELD RESPONSIBLE OR ANSWERABLE OR LIABLE FOR ANY FORM OF LOSSES ANY MEMBER(S) OF SOW COINS AUCTION ONLINE COMMUNITY MAY SUFFER OR INCUR WHILE TRADING ON SOW COINS AUCTION PLATFORM.

COINS MATURITY PERIOD is FIXED at 10 DAYS after which the Coins Owner will Request to Sell them, BUT Matching Sell Request with Available Buy Request is 100% a FUNCTION OF AVAILABILITY OF INTERESTED BUYER(S) (Simple Economics of DEMAND and SUPPLY). Meaning that COINS MATCHING AND ACTUAL SELLING IS NOT UNDER the CONTROL OF SOW COINS AUCTION. WHEN THERE ARE MORE BUYERS COINS SELLING IS FASTER or FREQUENT or EASIER while FEWER BUYERS means SLOWER or DELAY in SELL.

Thus the very important needs for members of this Noble Community to make referring or inviting family, friends and associates to join our Online P2P Community a priority for the benefits of all.

Sow Coins Auction Platform Operates an Automated Matching System, that Matches all Available Coins Buyers with all Available Coins Sellers. The Automated Matching Process Continues the next day from where it stopped the previous day. It is NOT DONE MANUALLY, the System matches Buyers that Requested to Buy Coins with Sellers that Requested to Sell their Coins while the actual trading takes place during our Live Auction.

12
VIOLATIONS AND ACCOUNT TERMINATION POLICY

We also RESERVES the RIGHT to SUSPEND or TERMINATE the account of member(s) if Such member(s) engages in FRAUDULENT or UNETHICAL ACTIVITIES (such as INCITEFUL WORDS AGAINST ANY OF THE MANAGEMENT TEAM, PROVOCATIVE WORDS AGAINST ANY OF THE MANAGEMENT TEAM, INSULTIVE WORDS AGAINST ANY OF THE MANAGEMENT TEAM,, ABUSIVE WORDS AGAINST ANY OF THE MANAGEMENT TEAM, THREATS TO LIFE AGAINST ANY OF THE MANAGEMENT TEAM, or ANY MEMBER(s) of the COMMUNITY) or even VIOLATES ANY OF THE COMMUNITY LAY DOWN POLICIES.

13
AMENDMENTS OF POLICY

We reserve the right to Amend, Modify, Update these Terms & Conditions at any time. Members will be notified of any significant changes before the implementation of such changes.