1. Platform Ownership and Control
MikroGigs is a privately owned and independently operated digital services platform. All aspects of the platform—including but not limited to its software architecture, databases, algorithms, website design, user interfaces, business logic, trademarks, logos, branding, and documentation—are the exclusive property of MikroGigs or its licensed partners.
Access to or use of MikroGigs does not grant any user ownership interest, equity, partnership rights, voting power, management authority, or control over the company or its assets.
No language on the platform should be interpreted to imply that users are shareholders, co-owners, or beneficiaries of the company itself.
2. User Accounts and User-Generated Content
Users retain ownership of the content they personally create and submit to the platform, such as service listings, descriptions, messages, and profile information, subject to compliance with these Terms.
By submitting content, users grant MikroGigs a non-exclusive, worldwide, royalty-free, sublicensable license to host, store, process, reproduce, distribute, display, and modify such content solely for purposes necessary to operate, secure, improve, promote, and maintain the platform.
This license does not transfer ownership of user content to MikroGigs, and user content ownership does not extend to any part of the MikroGigs platform itself.
3. Description of Platform Revenue
- Subscription packages and account upgrades
- Transaction and service-related platform fees
- Advertising placements displayed on the website
- Promotional tools, visibility features, and marketing services
- Gig-related fees earned through services completed on the platform
Unless explicitly stated otherwise in writing, all revenue generated by the platform belongs exclusively to MikroGigs and is used to support operations, compliance, development, infrastructure, payment processing, marketing, and platform sustainability.
4. Platform Ownership Participation (User-Based Model)
MikroGigs is designed as a user-participatory platform. Subject to applicable laws and platform policies, MikroGigs intends to allocate a defined portion of the MikroGigs platform value to its users as part of a platform-level ownership participation model.
This ownership participation is not corporate shareholding in MikroGigs Ltd (or any legal entity operating MikroGigs), but a platform-defined ownership interest that exists within the MikroGigs ecosystem and is governed exclusively by MikroGigs’ internal rules, policies, and calculations.
User ownership participation, when activated, shall be relative and proportional, not fixed, and shall be determined by platform-defined metrics rather than monetary investment.
5. MG Coins as the Basis for Ownership Calculation
MG Coins are an internal participation and contribution metric used by MikroGigs to measure, compare, and weight user activity, engagement, growth contribution, and overall participation on the platform.
MikroGigs expressly states and users acknowledge that:
- MG Coins are not money, legal tender, or cash equivalents
- MG Coins are not cryptocurrency, digital tokens, or blockchain assets
- MG Coins do not represent stored monetary value
- MG Coins are not transferable securities or shares
- MG Coins do not themselves constitute ownership, but are used to calculate ownership proportions
- MG Coins serve as the exclusive reference unit by which relative user ownership participation in the MikroGigs platform may be calculated.
6. Determination of User Ownership Portion
When MikroGigs activates or applies its ownership participation model:
- Each user’s relative ownership portion shall be determined by the number of MG Coins attributed to that user in relation to the total MG Coins recognized by the platform.
- Ownership percentages are dynamic, may increase or decrease over time, and are subject to recalculation based on platform growth, participation changes, caps, decay rules, or policy updates.
- Ownership participation reflects platform contribution, not financial investment.
- Accumulation of MG Coins reflects participation weight, not guaranteed profit, income, or fixed entitlement.
7. Scope and Nature of Ownership Benefits
Any benefits arising from user ownership participation, if and when applied, shall be:
- Limited to platform-defined benefits, which may include participation in selected revenue pools, platform rewards, privileges, visibility, or other ecosystem benefits
- Restricted to specific revenue categories explicitly designated by MikroGigs, which may include advertising revenue and gig-related platform activity
- Excluded from revenues generated through subscriptions, licensing, partnerships, integrations, data services, or external commercial arrangements, unless expressly stated otherwise
- All ownership-related benefits are conditional, non-guaranteed, non-permanent, and may be adjusted, paused, or discontinued at MikroGigs’ discretion.
8. No Investment, Security, or Equity Offering
Nothing on MikroGigs constitutes:
- An offer or sale of securities
- A corporate equity stake
- An investment contract
- A promise of dividends, profits, or financial returns
User ownership participation is platform-based, non-corporate, and non-tradable, existing solely within the MikroGigs ecosystem under MikroGigs’ governance.
MG Coins and any ownership participation derived from them do not grant shareholders’ rights, voting rights in the company, or claims over corporate assets.
9. Evolution, Modification, and Regulatory Compliance
MikroGigs reserves the right to:
- Define, modify, refine, or restructure the ownership participation model
- Adjust MG Coin calculations, weighting logic, or eligibility rules
- Delay implementation until legally, technically, or commercially appropriate
All models shall be implemented in a manner intended to comply with applicable laws and regulations.
10. Platform Discretion and Enforcement
MikroGigs reserves the right to modify revenue models, reward systems, or points logic, impose eligibility criteria, and suspend or terminate accounts that violate these Terms.
11. Governing Law and Interpretation
This section forms part of the Terms of Use and shall be interpreted in accordance with Nigerian law, regulatory compliance, and platform sustainability.