Thank you for being a Relay Host, Partner and/or Relay Referring Agent (referred herein as “you” or “they”). Relay International Inc. (referred herein as “Relay”, “we”, or “us”) have set forth payment information on this webpage. By being a Relay Host or Relay Referral Agent, you agree to abide by terms set forth under this Payment Policy, which may be amended by Relay, in its sole discretion, from time to time.
Relay is committed to compensate you promptly and accurately in accordance with this payment policy.
This policy describes the compensation rate, compensation period, payment schedule, cryptocurrency conversion rate, and local conversion rate used when calculating your compensation. This payment policy applies to
Please read this payment policy carefully to understand our policies and practices regarding how your compensation is calculated and paid out to you. If you do not agree with our policies and practices, please stop your activities as a Relay Host, Partner and/or Relay Referring Agent. By being a Relay Host, Partner and/or a Relay Referring Agent, you agree to this payment policy and any other applicable agreements, such as, without limitation, the Relay Host Agreement and the Relay Referral Policy. This payment policy may change from time to time. Although Relay will do its best to notify you of these changes, please check this payment policy periodically for updates. By continuing your status as a Relay Host, Partner and/or Relay Referring Agent you are deemed to have accepted any changes we make to this payment policy.
All compensation to Hosts, Partners and/or Referring Agents will be made in the local currency where the Host, Partner or the Referring Agent resides. For example, if a Host, Partner or Referring Agent resides in the US, compensation will be made in USD; if a Host, Partner or Referring Agent resides in Ukraine, compensation will be made in UAH. Relay will pay you a cash equivalent to a percentage of total coins mined by your hosted Device (“Compensation”)
The current effective Host Compensation is twenty percent (20%) of all coins mined by a hosted Device over the “Period” (as defined below). Please find a step-by-step calculation below.
The current effective Partner Compensation is twenty percent (20%) of all coins mined by a hosted Device over the “Period” (as defined below). Please find a step-by-step calculation below.
The current effective Referring Agent Compensation is five percent (5%) of all coins mined by all of the Referring Agent’s Hosts over the “Period” (as defined below) for the first 12 months of the Referring Agent’s Host Device Lifecycle. Please find a step-by-step calculation below.
An Off-Cycle period is any period that does not span the full month. In general, a hosted device has two Off-Cycle Periods, the first month of activation and the last month of termination. The initial Off-Cycle Period starts on the day the Device receives its first earnings at the Host Premises and ends the last day of the same month (“Off-Cycle Period”). The final Off-Cycle Period ends 1 day before the termination of the agreement.
After an Off-Cycle period, comes a Regular Period. A Regular period starts on the first of the month and ends on the last day of the month (“Regular Period”).\
When a Period is complete, “Total Coins Mined” are reviewed for that period. Using the Helium API all coins mined are calculated which can also be verified using the freely accessible Helium Explorer. You can enter the hosted Device details, click on “Activity”, and then export a CSV for the Period. You can then add up all the rewards within that period to get “Total Coins Mined”. In order to make reconciliation easy, "Total Coins Mined" are truncated at 2 decimal places.
Then the “Total USD Mined Value” is calculated by looking at the period (Off-Cycle or Regular) and taking an average of the close price of HNT each day over the Period. We Use Coin Market Caps API and you can use Coin Market Cap's Website to check this data.
Once Total USD Mined Value is calculated, the Compensation effective at the date of payment is then applied, the “Effective Compensation Date”.
Finally, the USD Host Earnings to Local Host Earnings are converted by using the conversion rate of USD to local currency at the Effective Compensation Date using Wise Conversation Rates
After Local Host Earnings are calculated steps 1-3 are then repeated individually for each Referral Agent Device. After Total USD Mined Value are calculated for a Referral Agent Device, “USD Referral Agent Earnings” are then calculated by applying the Referral Agent Compensation effective at the date of payment, the “Effective Compensation Date” and then convert it to “Local Referral Agent Earnings” and add it to the total payment.
Once we have Local Host Earnings and any Local Referral Agent Earnings we simply sum these values together to get Total Compensation.
We will initiate payment to Hosts, Partners and Referring Agents 1 month in arrears on the first of the month for both the Off-Cycle period and the Regular Periods. Depending on your bank payment may take several days from initiation to reach your account.
For example, using the above example:
In order for us to make a payment, you must provide the following information:
A hosted Device will only be compensated for activities that directly relate to mining HNT. These activities are limited to the following rewards below. Any reward outside of these activities, such as AirDrops, are not shared with Hosts, Partners, or Referring Agents.
Rewarded to any Hotspot that creates a valid PoC challenge and submits the corresponding receipt to the blockchain
Awarded to any Hotspot that transmits a POC packet after being targeted by the challenger
Distributed to all Hotspots that witness a beacon packet as part of a PoC Challenge.
Distributed each epoch to Hotspots that route LongFi sensor data for sensors on the Network during that epoch.
The digital asset market is a new and rapidly developing market which may be subject to substantial and unpredictable disruptions that cause significant volatility in the prices of HNT. There is no assurance that the market will be free from such disruptions or manipulation that any such disruptions may not adversely affect the amount paid to you as a Relay Host and/or Relay Referring Agent. We provide no assurance that the price of HNT will be favorable enough to compensate you.
A disruption of the Internet could impair the value and the ability to transfer HNT. A significant disruption in Internet connectivity could disrupt the HNT network’s operations until the disruption is resolved and could have an adverse effect on the value of HNT. In addition, digital asset networks have been subjected to a number of denial of service attacks, which led to temporary delays in transactions. It is possible that such an attack could adversely affect the value of HNT or the mining distribution of HNT, which would impact the amount payable to you.
The Company is not responsible for any losses, costs or expenses relating to lost access of the Relay device. The Company shall have no obligations in any form or whatsoever to you in respect of such Compensation payment described above. The Company reserves the right not to deliver any Compensation. The Company reserves the right to refuse Compensation payment if it determines, in its sole discretion, you have violated any terms in this Payment Policy, your Host Agreement (if applicable), Referral Policy (if applicable), or any other Agreement(s), policies or terms provided by Relay. The Company will not be liable for Compensation to you if any amount of HNT mined is not received by the Company. All HNT distributions received by the Company are owned by the Company, and you do not retain any right whatsoever to the HNT, or any token mined through the device. To the extent permitted by the applicable laws, all risks in relation to any payment shall be borne absolutely by you solely. The Company reserves the right to refuse or cancel any agreement you have with the Company at any time in its sole and absolute discretion. Determining what, if any, taxes apply to your Compensation, is your sole responsibility. It is also your entire responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. The Company is not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your Compensation.