Preamble
At Viro Africa, we operate on a core philanthropic and community-first principle: the value of a network belongs to the people who build it. The Founding Partner Program is a private, invite-only initiative designed to empower our earliest creators, ambassadors, and community leaders. By actively accelerating Viro Africa’s growth, you are not just users; you are the foundation of our ecosystem. This program ensures that as Viro Africa grows in value, that success is shared proportionally under defined rules with you.
1. Program Purpose
The Founding Partner Program aims to accelerate Viro Africa’s early-stage growth toward defined milestones (Daily Active Users, content volume, and engagement). Participants (“Founding Partners”) contribute by driving: Grassroots user acquisition, High-quality content creation, and Meaningful community engagement.
2. Nature of the Equity & The Pool
Participation is granted through Phantom Equity Units (PEUs). The 2% Pool refers to 2% of the Company’s net realization value in the event of an acquisition or 2% of a formally declared profit-sharing pool. PEUs represent a contractual right to potential future financial benefit but carry NO voting rights or governance.
4. Performance System (Point Engine)
- Direct Referrals: 10 PP per verified new user
- Network Referrals: 2 PP per secondary referral
- Content Creation: 5 PP per qualifying upload
- Engagement Generation: +1 PP per 10 minutes of verified watch time
5.1 The Anti-Dilution Cap (Whale Protection)
No single Founding Partner may claim more than 15% of the total PEUs distributed in any single cycle. Any points generated beyond this cap will be redistributed proportionally.
6. Vesting Structure
Months 0–6: No vesting (Probation). Month 6: 25% Cliff. Months 7–24: Remaining 75% vests in equal monthly increments.
8. Conduct & Removal
Inactivity (60+ days) results in removal and forfeiture of unvested PEUs. Termination for Cause (Fraud, Harassment, Brand Damage) results in immediate forfeiture of ALL PEUs.
23. Program Duration (Hard Limit)
Maximum duration: 60 days from launch. No new participants after Day 14. All point accumulation stops at Day 60.
27. Collective Success Threshold (The Kill Switch)
The Viro Africa platform must achieve a verified minimum of 1,000 Daily Active Users (DAU) by the 60th day of the program.
If this collective milestone is not met, the ENTIRE 2% Equity Pool is CANCELLED. All accumulated Partner Points (PP) and potential Phantom Equity Units (PEUs)—whether vested or unvested—will be immediately forfeited and returned to the Company Treasury.
Governing Law
This Agreement shall be governed by and interpreted under the laws of the Republic of Kenya. Participation does not create an employment relationship. The Company reserves the exclusive right to interpret all rules.
You have read and accepted the full Founding Partner Blueprint by participating in this program.