LineworkPay — Deposit Account Terms

1. What the Deposit Account is

Important. The Deposit Account is a promotional rewards program offered by LineworkPay. It is not a bank deposit, not an investment product, and does not constitute guaranteed interest or financial advice. Rewards are paid in vUSDC, a virtual unit internal to the Linework ecosystem. Principal is not protected by any deposit-guarantee scheme.

The Deposit Account lets eligible LineworkPay account holders receive daily rewards — expressed on an annual basis and credited in vUSDC — in relation to euro funds received into their account by external bank transfer and kept in the account. The applicable rate depends on the level the holder reaches, which in turn depends on the share of vLWK held in the Linework Wallet relative to the total eligible value.

2. Eligibility

• Hold an active, verified LineworkPay account (KYC completed) in the name of an adult natural person.
• Have received and keep in the account at least €5,000 from external bank transfers (incoming SEPA/SWIFT). Internal transfers, adjustments, promotional credits and cancelled or reversed transactions do not count toward the threshold.
• The program is limited to personal euro accounts. Closed or frozen accounts, system accounts and non-eligible profiles are excluded.
• Minors and parent-guarded profiles are excluded, as are persons subject to restrictive measures (including OFAC lists) or resident in non-permitted jurisdictions.

3. Levels and rates

The level is determined daily by the vLWK share of the eligible portfolio, computed as the value of vLWK held in the Linework Wallet divided by the sum of the eligible euro value and the vLWK value. The higher the share, the higher the annual rate:

• Base — vLWK share less than 1% — 6% / year
• Silver — vLWK share 1% to 5% — 8% / year
• Gold — vLWK share 5% to 10% — 10% / year
• Platinum — vLWK share 10% or more — 12% / year

The value of vLWK is expressed in US dollars at Linework's published internal reference price; euro funds are converted to dollars at the reference rate. Both may change over time, changing the level.

4. How rewards are calculated and paid

• The daily reward equals the US-dollar value of the eligible funds × (the level's annual rate ÷ 365), credited in vUSDC.
• Calculation and crediting happen once per day. Rewards accrue only on days when all conditions are met; on days when they are not, no reward accrues.
• The calculation uses the lesser of the account's euro balance and the total eligible external transfers received: withdrawals and reversals reduce the base accordingly.
• Only vLWK held in the holder's Linework Wallet is counted.

5. No lock-in (Flexible)

Deposits are not locked. There is no minimum period, no freezing of funds and no penalty. Euro funds stay available at all times: you may withdraw, use or transfer them at any moment, with no notice and no exit cost. Taking part in the program does not restrict account operations in any way.

Rewards accrue only on days when all conditions are met — in particular at least €5,000 from external bank transfers kept in the account: on days when you fall below the threshold no reward accrues, but the funds remain free and available.

6. Nature of rewards and tokens

• Rewards are promotional and discretionary: they are not guaranteed interest, dividends or yield.
• vUSDC and vLWK are virtual units internal to the Linework ecosystem; their value and convertibility may vary and are not guaranteed. The vLWK reference price is set by Linework.
• The program is not a bank deposit service, is not covered by any deposit-guarantee scheme, and is not a solicitation to invest nor financial, legal or tax advice.
• Any taxes arising from the rewards are the holder's sole responsibility.

7. Changes, suspension and termination

Linework may at any time, at its discretion and with prospective effect, change the rates, thresholds, levels and calculation method, or suspend or close the program, including for individual holders — in particular in case of abuse, breach of these terms or regulatory requirements. Rewards already accrued and credited are not clawed back, except in cases of fraud, error or reversed transactions.

8. Governing law and contact

These terms are offered by Linework, a company of Linework Media & Operations, LLC (New York) (“Linework”), registered office: 54 State Street, Ste 804, Albany, NY 12207, USA, and must be read together with the General Terms of the LineworkPay account. These terms are governed by the laws of the State of New York (USA) and the courts of New York have jurisdiction, without prejudice to the mandatory rights of consumers under the law of their country of residence.

In case of discrepancy between language versions, the English version prevails. For information: hello@linework.app.