Terms of Awards and Distinctions
§1. General provisions
1.1. The Service Provider runs on the Platform a system of awards and distinctions that marks the activity of the User and her progress in learning.
1.2. These Terms set out the types of awards and distinctions, the rules for granting them and the rights that follow from them.
1.3. Terms written with a capital letter in these Terms have the meaning given to them in paragraph 2. Terms not defined in paragraph 2 have the meaning given to them in paragraph 2 of the Terms and Conditions of Using the Platform.
1.4. In matters not covered by these Terms, the Terms and Conditions of Using the Platform and the Terms of the eLearning Platform apply.
§2. Definitions
2.1. Karma points. Points awarded for activity on the Platform, bearing the name Elegant Karma.
2.2. Rank. A marker of the level of activity granted once a given number of karma points has been collected, bearing the name Elegant Ranks.
2.3. Badge. A marker granted for a given achievement, bearing the name Elegant Badges.
2.4. Certificate. A document in a PDF file confirming completion of a material. Certificates bear the name Elegant Certificates.
2.5. Course. A paid investing course run by the Service Provider on the Platform, that is Elegant Investor Start together with one of the two Tracks, and the courses of the Elegant Investor Premium line intended for people who already know the basics of investing.
2.6. Track. The further part of the Elegant Investor Start course, run under the name Elegant Dividend Investor Start or Elegant Growth Investor Start.
2.7. Academy. A collection of lessons made available under a Subscription, run in four variants differing in level, that is Elegant Investors Academy, Elegant Growth Academy, Elegant Alumni Academy and Elegant Circle Academy.
2.8. Subscription. Paid access to the Service Provider's products in a subscription model, offered under the name Elegant Learning Paths in the variants Elegant Growth, Elegant Alumni and Elegant Circle.
2.9. Review. A paid service of checking an analysis of a listed company prepared by the User herself, offered under the name Elegant Analysis Review.
2.10. Consultation. A paid online meeting devoted to the User's questions about learning to invest, offered under the name Elegant Investors Consultations.
2.11. Forum. A closed place for exchanging experience between investors, run on the Platform under the name Elegant Investors Talks.
2.12. Profile. The User's page on the Platform, on which her karma points, Rank and Badges are visible.
2.13. Service Provider. Kinga Stigter, operating the Platform, email address kinga.elegant.investors@gmail.com.
2.14. Platform. The website available at www.elegantinvestors.com together with all its features.
2.15. User. A natural person using the Platform. These Terms use the feminine form because of the character of the brand, and the rules apply equally to everyone using the Platform regardless of gender.
2.16. Account. An individual User profile on the Platform, opened free of charge, allowing the use of materials and the purchase of the Service Provider's products.
§3. Types of award and distinction
3.1. The system covers six types of award and distinction.
3.1.1. Karma points, described in paragraphs 4 to 9.
3.1.2. Ranks, described in paragraph 10.
3.1.3. Badges, described in paragraph 11.
3.1.4. Certificates, described in paragraph 13.
3.1.5. Discounts, described in paragraph 14.
3.1.6. Loyalty program distinctions, described in paragraph 15.
3.2. Taking part in collecting awards and distinctions is voluntary and does not affect access to the products purchased.
§4. Karma points
4.1. For activity on the Platform the User receives karma points.
4.2. Points add up and form the User's total.
4.3. The number of points assigned to a given activity is given next to that activity.
4.4. Points are awarded automatically, once the activity is carried out.
4.5. Points have no expiry date.
4.6. Points are not awarded for the purchase of a product itself or for time spent on the Platform.
§5. Points for completing a quiz
5.1. A quiz is placed next to a lesson. The rules for completing it are set out in paragraph 8 of the Terms of the eLearning Platform.
5.2. The number of points awarded depends on the material the quiz is in and on the attempt at which it was completed. The first attempt gives the highest number of points, and each further attempt a lower one.
5.3. In a Course the number of points is 25 for the first attempt, 20 for the second, 15 for the third and 10 for the fourth and further attempts.
5.4. In Elegant Investors Academy the number of points is 15, 10, 5 and 0.
5.5. In Elegant Growth Academy the number of points is 20, 15, 10 and 5.
5.6. In Elegant Alumni Academy the number of points is 25, 20, 15 and 10.
5.7. In Elegant Circle Academy the number of points is 30, 25, 20 and 15.
5.8. The number of attempts at a quiz is not limited.
5.9. An attempt that is not passed awards no points.
5.10. Points for a given quiz are awarded once, at the attempt at which it was passed.
§6. Points for completing a Course
6.1. Completing the Elegant Investor Start course gives 160 points.
6.2. Completing a Track gives 80 points. This applies both to the Elegant Dividend Investor Start course and to the Elegant Growth Investor Start course.
6.3. Completing a course from the Elegant Investor Premium line gives 240 points.
6.4. The conditions for completing a Course are set out in the terms of that Course.
6.5. The Academies and the other collections of materials are not completed, so they award no points for completion.
§7. Points for a review of a product
7.1. For posting a review of a product the User receives 30 points.
7.2. A review of a given product is posted once.
7.3. Posting a review requires the number of points given in point 9.2.
§8. Points earned on the Forum
8.1. Starting a conversation on the Forum gives its author 3 points.
8.2. A helpful vote on a conversation gives its author 1 point.
8.3. A helpful vote on an answer gives its author 3 points.
8.4. Marking an answer as resolving a conversation gives 2 points to the User who made that marking.
8.5. An answer marked as resolving a conversation gives 5 points to its author.
8.6. An unhelpful vote on an entry does not lower the number of its author's points.
8.7. An entry rejected by the Service Provider in moderation lowers the number of its author's points by 10.
8.8. Points earned on the Forum add up with the User's other points.
§9. Rights opened by the number of points
9.1. Some actions on the Platform require a given number of points to be collected.
9.2. Posting a review of a product requires 45 points.
9.3. Commenting on a lesson requires 30 points.
9.4. Voting on a lesson requires 30 points.
9.5. On the Forum four actions require 45 points.
9.5.1. Removing one's own conversation and one's own answer.
9.5.2. Changing the tags assigned to a conversation.
9.5.3. Converting one's own comment into an answer.
9.5.4. Reporting an entry for moderation.
9.6. The other actions on the Forum, in particular starting a conversation, answering, commenting, voting and changing one's own entry, do not require points to be collected.
9.7. The thresholds given in this paragraph relate to the User's total number of points.
§10. Ranks
10.1. A Rank is a marker of the User's level of activity on the Platform. It shows how much she has worked through so far and how much she takes part in the community.
10.2. The Rank is visible in the User's Profile and next to her entries on the Forum.
10.3. The Rank is received automatically once the given number of karma points has been collected. It does not have to be applied for or bought.
10.4. Until the first point has been collected no Rank is assigned.
10.5. The system covers four Ranks.
10.5.1. Aspiring Elegant Investor, from 1 point.
10.5.2. Active Elegant Investor, from 630 points.
10.5.3. Diligent Elegant Investor, from 1260 points.
10.5.4. Proficient Elegant Investor, from 4050 points.
10.6. The Rank changes as the total number of points grows.
10.7. The Rank gives no rights other than those following from the number of points, described in paragraph 9.
§11. Badges
11.1. A Badge is a marker granted for an achievement and is visible in the Profile.
11.2. Badges are granted automatically.
11.3. A Badge does not take the form of an object or a file.
11.4. The Badge named Elegant Investor is received by every User once the Account has been created.
11.5. The Badge named Elegant Alumni is received by the User once the first Course has been completed. The Badge is granted once.
11.6. The Badge named Elegant Investor Premium is received by the User once the first course from the Elegant Investor Premium line has been completed. The Badge is granted once.
11.7. Apart from the Badges given in points 11.4 to 11.6, every Course has its own Badge bearing the name of that Course, granted once it has been completed. The list covers eleven Badges.
11.7.1. Elegant Investor Start.
11.7.2. Elegant Dividend Investor Start.
11.7.3. Elegant Growth Investor Start.
11.7.4. Elegant Dividend Investor.
11.7.5. Elegant Growth Investor.
11.7.6. Elegant Analytical Investor.
11.7.7. Elegant Strategic Investor.
11.7.8. Elegant Intelligent Investor.
11.7.9. Elegant Conscious Investor.
11.7.10. Elegant Visionary Investor.
11.7.11. Elegant Global Investor.
§12. The Elegant Alumni status
12.1. Together with the Badge given in point 11.5 the User receives the Elegant Alumni status.
12.2. The status makes it possible to buy the courses of the Elegant Investor Premium line and the Subscription in the Elegant Alumni variant without restrictions.
12.3. The status is not a Subscription and does not by itself open access to materials.
12.4. The status is granted without a time limit.
§13. Certificates
13.1. A Certificate is issued once the certification exam ending a given material has been passed.
13.2. The threshold for passing the exam is 80% of the points available.
13.3. A Certificate is issued in a PDF file and gives the name of the material it concerns.
13.4. The list of Certificates covers twelve entries.
13.4.1. Elegant Investor Start.
13.4.2. Elegant Dividend Investor Start.
13.4.3. Elegant Growth Investor Start.
13.4.4. Elegant Dividend Investor.
13.4.5. Elegant Growth Investor.
13.4.6. Elegant Analytical Investor.
13.4.7. Elegant Strategic Investor.
13.4.8. Elegant Intelligent Investor.
13.4.9. Elegant Conscious Investor.
13.4.10. Elegant Visionary Investor.
13.4.11. Elegant Global Investor.
13.4.12. Elegant Investor Tool, that is the material explaining how to operate the Service Provider's own analytical tools.
13.5. The Academies and the other collections of materials do not end with a Certificate. This covers, among others, Elegant Investor Library, that is the collection of the Service Provider's blog materials, and Elegant Investors Glossary, that is the collection of explanations of terms and stock market abbreviations.
13.6. A Certificate confirms completion of a material on the Platform. It is not an official document and does not grant professional qualifications.
13.7. The rules for holding the exam are set out in the terms of the Course concerned.
§14. Discounts
14.1. Discounts bearing the name Elegant Discounts are available on account of a Subscription, on account of the first meeting and on account of loyalty program distinctions.
14.2. The first online meeting is available to every User free of charge and is called Elegant Investors Coffee Time. It is available once.
14.3. The discount on a Review is 10% in the Elegant Growth variant, 20% in the Elegant Alumni variant and 30% in the Elegant Circle variant.
14.4. The discount on a Consultation is 20% in the Elegant Alumni variant and 30% in the Elegant Circle variant. The Elegant Growth variant does not cover this discount.
14.5. The discounts given in points 14.3 and 14.4 are applied automatically once the product is added to the basket. They are applied on condition that the User is logged in to the Account the Subscription is assigned to.
14.6. The discounts following from loyalty program distinctions are given in paragraph 15.
14.7. Discounts do not combine with each other or with a promotion concerning the same product.
14.8. A discount lowers the price of a product and is not paid out in money.
§15. Loyalty program distinctions
15.1. The loyalty program covers two distinctions.
15.2. Elegant Share is granted once the Elegant Investor Start course has been completed together with a Track. It gives 10% off every further Course and a refund of 5% of the order value of the person referred, for a successful referral.
15.3. Elegant Share Premium is granted once a course from the Elegant Investor Premium line has been completed. It gives 20% off every further Course and a refund of 10% of the order value of the person referred, for a successful referral.
15.4. The refund for a successful referral bears the name Elegant Dividend.
15.5. Each distinction is granted once. The rights of the two distinctions do not add up.
15.6. Elegant Share is not available to a User who ended her learning at the basic part of the Elegant Investor Start course.
15.7. The conditions of a successful referral, the way the refund is calculated and the way it is paid out are set out in the Loyalty Program Terms.
§16. Where awards and distinctions are visible
16.1. Karma points, the Rank and Badges are visible in the Profile.
16.2. The history of the points awarded is visible in the Profile.
16.3. The Profile stays private until the User changes that setting in the editing of her Profile. The rules for the visibility of the Profile are set out in paragraph 10 of the Terms of the eLearning Platform.
16.4. A Certificate is available in the Profile and on the certification page in the Course concerned.
16.5. The Rank is also visible next to the User's entries on the Forum.
§17. The character of awards and distinctions
17.1. Awards and distinctions are symbolic and mark progress in learning and activity on the Platform.
17.2. They have no monetary value and are not exchanged for money or for any other benefit. The exception is Elegant Dividend, the payment of which is set out in the Loyalty Program Terms.
17.3. They are not transferred to another person.
17.4. They do not confirm professional qualifications or knowledge going beyond the material they concern.
17.5. Awards and distinctions are not an investment recommendation and not an assessment of the User's investment skills.
§18. Abuse and correction
18.1. Where abuse is found, in particular the opening of several Accounts by one person, the Service Provider may correct the number of points and withdraw the distinctions granted.
18.2. The correction covers only the points and distinctions obtained as a result of the abuse.
18.3. The Service Provider gives information about a correction and about the withdrawal of a distinction together with the reasons, to the email address assigned to the Account.
18.4. The User may respond to the matter within 14 days of receiving the information.
§19. Changes to the rules for granting
19.1. The Service Provider may change the number of points assigned to a given activity and the thresholds of the Ranks.
19.2. A change applies from the day it is introduced and does not lower the number of points already earned.
19.3. Badges and Certificates already granted stay with the User.
19.4. The Service Provider may introduce new Badges, new Certificates and new Ranks. The lists given in points 11.7 and 13.4 change together with the offer.
§20. Complaints
20.1. Complaints concerning awards and distinctions are made by the User on the terms set out in paragraph 16 of the Terms and Conditions of Using the Platform.
20.2. A complaint should give the activity it concerns and the date it was carried out.
§21. Changes to these Terms
21.1. The Service Provider may change these Terms for important reasons, in particular after a change in the rules for granting awards or after a change in the law.
21.2. The Service Provider gives information about a change in accordance with paragraph 22 of the Terms and Conditions of Using the Platform.
21.3. The date of the last update of these Terms is given at the beginning of the document. Previous versions of these Terms are archived.