A buyer must adhere to the Rules and Regulations of LorioMall and Community which is released and may be reviewed by the admin.
Payment made for the purchase of Lorio at IDSO is non-refundable as well as future sales but can be used to purchase products on the Mall.
Affiliate or Associate must be active within 3months or else Account go dormant. Account that is dormant does not benefit increment in value of Lorio Digital Share.
A transfer charge of N20 only will be deducted for any transfer made to another wallet when purchase is made, irrespective of the amount of LDS transferred. This may be reviewed
Lorio Digital Share is to be used in exchange for goods and services, and could only be exchange for fiat currency through Peer to peer means.
Referral bonuses, Commissions on referral purchase, and LorioMall Year Dividend are withdrawable into Affiliate/ Associate Bank account.
The value of Lorio Digital Share is proportional to Demand and supply of the LDS.
Maximum produced LDS is 100,000 LDS
Terms and Condition may be reviewed at anytime
1. A user must wait at least two (2) months before exchanging the vouchers for goods and services if the vouchers were bought during a promotional sales.
2. A merchant must not spend his free vouchers till after six (6) months of becoming accredited merchant.
3. A user that bought vouchers with 50% TBC/Naira must wait six (6) months before exchanging the vouchers for goods and services.
4. An investment purchase of vouchers for children between the ages of one (1) year to fifteen (15) years must not be used till after five (5) years of purchase.
5. Frozen stage of one (1) month every year is compulsory which affects both users and merchants.