Bankable Griotcoins™ are unused virtual currencies that are used to purchase GriotSites products and services. Griotcoins carry over from month to month for up to 12 billing periods.
Log in to your WIPA or view your latest emails from WIPS to see your current Griotcoins balance.
Accumulating Griotcoins™
Griotcoins™ accumulate when you purchase or earn them but choose to use them at a later date. Griotcoins™ will continue to accumulate as long as the WPO's WIP account is in good standing. WIP accounts that are in a suspended status are not eligible to receive incoming/outgoing Griotcoins™. Accumulation resumes if the WIPA is restored to good standing within 3 months from the missed payment date. If WIPA is not restored by 90 calendar days, any remaining Griotcoins will be lost. Griotcoins hold 0 value outside of WIP services once deposited into a WIPA. There are no refunds or credits for unused Griotcoins.
Using Griotcoins™
Griotcoins™ can be used at anytime to purchase web maintenance services offered by GriotSites.com as long as the requesting WIP Account is in good standing. WIP Accounts that are unpaid past the due date will not be allowed to purchase or redeem services using Griotcoins™.
Expiration and Limitations on Griotcoins™
Unused Griotcoins™ will expire after 12 billing periods.
For example: Griotcoins™ you accumulated in March 2017 must be used by March 2018 or they will expire.
• Griotcoins™ can not be sold or traded between Web Property Owners.
• Griotcoins™ are not transferable or redeemable for cash or credits.
• If your account is suspended, your current Griotcoins™ will remain in the WIPA but they cannot be used for any reason. Any Griotcoins™ that are not used within 12 billing periods will expire.