Last revised: 16, September, 2021
These Valuete Terms of Use are entered into between you (hereinafter
referred to as “you” or “your”) and Valuete operators (as defined
below). By accessing, downloading, using or clicking on “I agree” to
accept any Valuete Services (as defined below) provided by Valuete
(as defined below), you agree that you have read, understood and
accepted all of the terms and conditions stipulated in these Terms
of Use (hereinafter referred to as “these Terms”) as well as our
Privacy Policy at https://valuete.io/privacy. In addition, when
using some features of the Services, you may be subject to specific
additional terms and conditions applicable to those features.
Please read the terms carefully as they govern your use of Valuete
Services. THESE TERMS CONTAIN IMPORTANT PROVISIONS INCLUDING AN
ARBITRATION PROVISION THAT REQUIRES ALL CLAIMS TO BE RESOLVED BY WAY
OF LEGALLY BINDING ARBITRATION. The terms of the arbitration
provision are set forth in Article 10, “Resolving Disputes: Forum,
Arbitration, Class Action Waiver”, hereunder. As with any asset, the
values of Digital Currencies (as defined below) may fluctuate
significantly and there is a substantial risk of economic losses
when purchasing, selling, holding or investing in Digital Currencies
and their derivatives.BY MAKING USE OF Valuete SERVICES, YOU
ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS
ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR
DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF
Valuete SERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR
DERIVATIVES; AND (3) Valuete SHALL NOT BE LIABLE FOR ANY SUCH RISKS
OR ADVERSE OUTCOMES.
By accessing, using or attempting to use Valuete Services in any
capacity, you acknowledge that you accept and agree to be bound by
these Terms. If you do not agree, do not access Valuete or utilize
Valuete services.
I. Definitions
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Valuete refers to an ecosystem comprising Valuete websites (whose
domain names include but are not limited to
https://www.valuete.io), mobile applications, clients, applets and
other applications that are developed to offer Valuete Services,
and includes independently-operated platforms, websites and
clients within the ecosystem (e.g., Valuete’s Open Platform,
Valuete Launchpad, Valuete Charity, The Coin Wallet, The Coin
Exchange and others). In case of any inconsistency between
relevant terms of use of the above platforms and the contents of
these Terms, the respective applicable terms of such platforms
shall prevail.
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Valuete Operators refer to all parties that run Valuete, including
but not limited to legal persons, unincorporated organizations and
teams that provide Valuete Services and are responsible for such
services. For convenience, unless otherwise stated, references to
“Valuete” and “we” in these Terms specifically mean Valuete
Operators.
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UNDER THESE TERMS, Valuete OPERATORS MAY CHANGE AS Valuete’s
BUSINESS ADJUSTS, IN WHICH CASE, THE CHANGED OPERATORS SHALL
PERFORM THEIR OBLIGATIONS UNDER THESE TERMS WITH YOU AND PROVIDE
SERVICES TO YOU, AND SUCH CHANGE DOES NOT AFFECT YOUR RIGHTS AND
INTERESTS UNDER THESE TERMS. ADDITIONALLY, THE SCOPE OF Valuete
OPERATORS MAY BE EXPANDED DUE TO THE PROVISION OF NEW Valuete
SERVICES, IN WHICH CASE, IF YOU CONTINUE TO USE Valuete SERVICES,
IT IS DEEMED THAT YOU HAVE AGREED TO JOINTLY EXECUTE THESE TERMS
WITH THE NEWLY ADDED Valuete OPERATORS. IN CASE OF A DISPUTE, YOU
SHALL DETERMINE THE ENTITIES BY WHICH THESE TERMS ARE PERFORMED
WITH YOU AND THE COUNTERPARTIES OF THE DISPUTE, DEPENDING ON THE
SPECIFIC SERVICES YOU USE AND THE PARTICULAR ACTIONS THAT AFFECT
YOUR RIGHTS OR INTERESTS.
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Valuete Services refer to various services provided to you by
Valuete that are based on Internet and/or blockchain technologies
and offered via Valuete websites, mobile applications, clients and
other forms (including new ones enabled by future technological
development). Valuete Services include but are not limited to such
Valuete ecosystem components as Valuete Launchpad, The Coin
Exchange etc.
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Valuete Platform Rules refer to all rules, interpretations,
announcements, statements, letters of consent and other contents
that have been and will be subsequently released by Valuete, as
well as all regulations, implementation rules, product process
descriptions, and announcements published in the Help Center or
within products or service processes.
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Users refer to all individuals, institutions or organizations that
access, download or use Valuete or Valuete Services and who meet
the criteria and conditions stipulated by Valuete. If there exist
other agreements for such entities as developers, distributors,
market makers, and Digital Currencies exchanges, such agreements
shall be followed.
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Digital Currencies refer to encrypted or digital tokens or
cryptocurrencies with a certain value that are based on blockchain
and cryptography technologies and are issued and managed in a
decentralized form.
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Digital Assets refer to Digital Currencies, their derivatives or
other types of digitalized assets with a certain value.
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Valuete Accounts refer to the foundational virtual accounts,
including main accounts and subaccounts, which are opened by
Valuete for Users to record on Valuete their usage of Valuete
Services, transactions, asset changes and basic information.
Valuete Accounts serve as the basis for Users to enjoy and
exercise their rights on Valuete.
II. General Provisions
1. About These Terms
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Contractual Relationship
These Terms constitute a legal agreement and create
a binding contract between you and Valuete Operators.
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Supplementary Terms
Due to the rapid development of Digital Currencies
and Valuete, these Terms between you and Valuete Operators do not
enumerate or cover all rights and obligations of each party, and
do not guarantee full alignment with needs arising from future
development. Therefore, THE PRIVACY POLICY
(https://valuete.io/privacy), Valuete PLATFORM RULES, AND ALL
OTHER AGREEMENTS ENTERED INTO SEPARATELY BETWEEN YOU AND Valuete
ARE DEEMED SUPPLEMENTARY TERMS THAT ARE AN INTEGRAL PART OF THESE
TERMS AND SHALL HAVE THE SAME LEGAL EFFECT. YOUR USE OF Valuete
SERVICES IS DEEMED YOUR ACCEPTANCE OF THE ABOVE SUPPLEMENTARY
TERMS.
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Changes to These Terms
Valuete reserves the right to change or modify these
Terms in its discretion at any time. Valuete will notify such
changes by updating the terms on its website
(https://valuete.io/terms) and modifying the [Last revised] date
displayed on this page. ANY AND ALL MODIFICATIONS OR CHANGES TO
THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE
OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF Valuete
SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND
RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST
STOP USING VALUETE SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO
FREQUENTLY REVIEW THESE TERMS TO ENSURE YOUR UNDERSTANDING OF THE
TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF
VALUETE SERVICES.
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Prohibition of Use
BY ACCESSING AND USING VALUETE SERVICES, YOU
REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE
EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS
SECURITY COUNCIL SANCTIONS LIST), THE LIST OF SPECIALLY DESIGNATED
NATIONALS MAINTAINED BY OFAC (THE OFFICE OF FOREIGN ASSETS CONTROL
OF THE U.S. DEPARTMENT OF THE TREASURY), OR THE DENIED PERSONS OR
ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE. Valuete RESERVES
THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS,
AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF
Valuete SERVICES IN CERTAIN COUNTRIES OR REGIONS.
2. About Valuete
Valuete is a token that has all the qualities of an asset just like
USD, INR etc. which is turning all receivers and consumers into
investors at the same time. Valuete tokens can be mined by doing
simple free tasks or participating in various daily activities like
Shopping, Groceries, mobile recharge etc.
The Valuete ecosystem is designed in such a way that it’s price will
always go up from full functional phase. The tokens are limited and
the foundation will buy these Valuetes to supply cashback or rewards
from the Fiat payment we get from B2B clients. This creates Network
effect and Endowment effect for which 90% of our consumers never
sold their Valuetes.
3. Valuete Account Registration and Requirements
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Registration
All Users must apply for an Valuete Account at
(https://valuete.io/signup) before using Valuete Services. When
you register an Valuete Account, you must provide your real name,
email address and password, and accept these Terms, the Privacy
Policy, and other Valuete Platform Rules. Valuete may refuse, in
its discretion, to open an Valuete Account for you. You agree to
provide complete and accurate information when opening an Valuete
Account, and agree to timely update any information you provide to
Valuete to maintain the integrity and accuracy of the information.
Only one User can be registered at a time, but each individual
User (including any User that is a business or legal entity) may
maintain only one main account at any given time. Institutional
Users (including Users that are businesses and other legal
entities) can open one or more sub accounts under the main account
with the consent of Valuete. For certain Valuete Services, you may
be required to set up a special account independent from your
Valuete Account, based on the provisions of these Terms or the
Supplementary Terms. The registration, use, protection and
management of such trading accounts are equally governed by the
provisions of this article and article 6, unless otherwise stated
in these Terms or the Supplementary Terms.
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Eligibility
By registering to use a Valuete Account, you
represent and warrant that (i) as an individual, you are at least
18 or are of legal age to form a binding contract under applicable
laws; (ii) as an individual, legal person, or other organization,
you have full legal capacity and sufficient authorizations to
enter into these Terms; (iii) you have not been previously
suspended or removed from using Valuete Services; (iv) you do not
currently have a Valuete Account; (v) you are a non-U.S User,
unless you only log on to use Valuete Services for U.S. Users. If
you act as an employee or agent of a legal entity, and enter into
these Terms on their behalf, you represent and warrant that you
have all the necessary rights and authorizations to bind such
legal entity; (vi) your use of Valuete Services will not violate
any and all laws and regulations applicable to you, including but
not limited to regulations on anti-money laundering,
anti-corruption, and counter-terrorist financing.
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User Identity Verification
Your registration of an account with Valuete will be
deemed your agreement to provide required personal information for
identity verification. Such information will be used to verify
Users’ identity, identify traces of money laundering, terrorist
financing, fraud and other financial crimes through Valuete, or
for other lawful purposes stated by Valuete. We will collect, use
and share such information in accordance with our Privacy Policy.
In addition to providing such information, you agree to allow us
to keep a record of that information during the period for which
your account is active and within five (5) years after your
account is closed, in compliance with global industry standards on
data storage. You also authorize us to conduct necessary
investigations directly or through a third party to verify your
identity or protect you and/or us from financial crimes, such as
fraud. The information we require to verify your identity may
include, but is not limited to, your name, email address, contact
information, phone number, username, government-issued ID, date of
birth, and other information collected during account
registration. When providing the required information, you confirm
it is true and accurate. AFTER REGISTRATION, YOU MUST ENSURE THAT
THE INFORMATION IS TRUE, COMPLETE, AND TIMELY UPDATED WHEN
CHANGED. IF THERE ARE ANY GROUNDS FOR BELIEVING THAT ANY OF THE
INFORMATION YOU PROVIDED IS INCORRECT, FALSE, OUTDATED OR
INCOMPLETE, Valuete RESERVES THE RIGHT TO SEND YOU A NOTICE TO
DEMAND CORRECTION, DIRECTLY DELETE THE RELEVANT INFORMATION, AND,
AS THE CASE MAY BE, TERMINATE ALL OR PART OF Valuete SERVICES WE
PROVIDE FOR YOU. IF WE ARE UNABLE TO REACH YOU WITH THE CONTACT
INFORMATION YOU PROVIDED, YOU SHALL BE FULLY LIABLE FOR ANY LOSS
OR EXPENSE CAUSED TO Valuete DURING YOUR USE OF Valuete SERVICES.
YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE THE OBLIGATION TO
UPDATE ALL THE INFORMATION IF THERE IS ANY CHANGE. BY REGISTERING
AN ACCOUNT, YOU HEREBY AUTHORIZE Valuete TO CONDUCT INVESTIGATIONS
THAT Valuete CONSIDERS NECESSARY, EITHER DIRECTLY OR THROUGH A
THIRD PARTY, TO VERIFY YOUR IDENTITY OR PROTECT YOU, OTHER USERS
AND/OR Valuete FROM FRAUD OR OTHER FINANCIAL CRIMES, AND TO TAKE
NECESSARY ACTIONS BASED ON THE RESULTS OF SUCH INVESTIGATIONS. YOU
ALSO ACKNOWLEDGE AND AGREE THAT YOUR PERSONAL INFORMATION MAY BE
DISCLOSED TO CREDIT BUREAUS AND AGENCIES FOR FRAUD PREVENTION OR
FINANCIAL CRIME PREVENTION, WHICH MAY RESPOND TO OUR
INVESTIGATIONS IN FULL.
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Account Usage Requirements
The Valuete Account can only be used by the account
registrant. Valuete reserves the right to suspend, freeze or
cancel the use of Valuete Accounts by persons other than account
registrant. If you suspect or become aware of any unauthorized use
of your username and password, you should notify Valuete
immediately. Valuete assumes no liability for any loss or damage
arising from the use of Valuete Account by you or any third party
with or without your authorization.
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Account Security
Valuete has been committed to maintaining the
security of User entrusted funds, and has implemented industry
standard protection for Valuete Services. However, the actions of
individual Users may pose risks. You shall agree to treat your
access credentials (such as username and password) as confidential
information, and not to disclose such information to any third
party. You also agree to be solely responsible for taking the
necessary security measures to protect your Valuete Account and
personal information. You should be solely responsible for keeping
your Valuete Account and password, and be responsible for all the
transactions under your Valuete Account. Valuete assumes no
liability for any loss or consequences caused by authorized or
unauthorized use of your account credentials, including but not
limited to information disclosure, information release, consent or
submission of various rules and agreements by clicking on the
website, online agreement renewal, etc. By creating a Valuete
Account, you hereby agree that: you will notify Valuete
immediately if you are aware of any unauthorized use of your
Valuete Account and password or any other violation of security
rules; you will strictly abide by all mechanisms or procedures of
Valuete regarding security, authentication, trading, charging, and
withdrawal; and you will take appropriate steps to logout from
Valuete at the end of each visit.
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Personal Data
Your personal data will be properly protected and
kept confidential, but Valuete has the right to collect, process,
use or disclose your personal data in accordance with the Terms
(including the Privacy Policy) or applicable laws. Depending on
the products or services concerned, your personal data may be
disclosed to the following third parties:
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Your transaction counterparty; Valuete Operators, and the
shareholders, partners, investors, directors, supervisors,
senior managers and employees of such entities;
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Our joint ventures, alliance partners and business partners;
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Our agents, contractors, suppliers, third-party service
providers and professional advisers, including the parties who
have been contracted to provide us with administrative,
financial, research, operations, IT and other services, in
such areas as telecommunications, information technology,
payroll, information processing, training, market research,
storage and archival;
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Third-party business partners who provide goods and services
or sponsor contests or other promotional activities, whether
or not in cooperation with us;
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Insurance companies or insurance investigators and credit
providers;
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Credit bureaus, or any debt collection agencies or dispute
resolution centers in the event of violation or dispute;
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Business partners, investors, trustees or assignees (actual or
expected) that promote business asset transactions (which can
be broadened to include any merger, acquisition or asset sale)
of Valuete Operators;
- Professional consultants such as auditors and lawyers;
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Relevant government regulatory agencies or law enforcement
agencies to comply with laws or regulations formulated by
government authorities;
- Assignees of our rights and obligations;
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Banks, credit card companies and their respective service
providers; persons with your consent as determined by you or
the applicable contract.
III. Valuete Services
Upon completion of the registration and identity verification for
your Valuete Account, you may use various Valuete Services,
including but not limited to, Crypto-to-crypto Trading, Fiat
Trading, Valuete Savings services, staking, Shopping mining, social
mining, research and other information released by Valuete,
participating in User activities held by Valuete, etc., in
accordance with the provisions of these Terms (including Valuete
Platform Rules and other individual agreements). Valuete has the
right to: (a) Provide, modify or terminate, in its discretion, any
Valuete Services based on its development plan; and (b) Allow or
prohibit some Users’ use of any Valuete Services in accordance with
relevant Valuete Platform Rules.
1. Service Usage Guidelines
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License
Provided that you constantly comply
with the express terms and conditions stated in these Terms,
Valuete grants you a revocable, limited, royalty-free,
non-exclusive, non-transferable, and non-sublicensable license to
access and use Valuete Services through your computer or Internet
compatible devices for your personal/internal purposes. You are
prohibited to use Valuete Services for resale or commercial
purposes, including transactions on behalf of other persons or
entities. All the above actions are expressly prohibited and
constitute a material violation of these Terms. The content
layout, format, function and access rights regarding Valuete
Services should be stipulated in the discretion of Valuete.
Valuete reserves all rights not expressly granted in these Terms.
Therefore, you are hereby prohibited from using Valuete Services
in any way not expressly authorized by these Terms. These Terms
only grant a limited license to access and use Valuete Services.
Therefore, you hereby agree that when you use Valuete Services,
Valuete does not transfer Valuete Services or the ownership of
intellectual property rights of any Valuete intellectual property
to you or anyone else. All the text, graphics, user interfaces,
visual interface, photos, sounds, process flow diagrams, computer
code (including html code), programs, software, products,
information and documents, as well as the design, structure,
selection, coordination, expression, look and feel, and layout of
any content included in the services or provided through Valuete
Services, are exclusively owned, controlled and/or licensed by
Valuete Operators or its members, parent companies, licensors or
affiliates. Valuete owns any feedback, suggestions, ideas, or
other information or materials (hereinafter collectively referred
to as “Feedback”) about Valuete or Valuete Services that you
provide through email, Valuete Services, or other ways. You hereby
transfer all rights, ownership and interests of the Feedback and
all related intellectual property rights to Valuete. You have no
right and hereby waive any request for acknowledgment or
compensation based on any Feedback, or any modifications based on
any Feedback.
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Restrictions
When you use Valuete Services,
you agree and undertake to comply with the following provisions:
During the use of Valuete Services, all activities you carry out
should comply with the requirements of applicable laws and
regulations, these Terms, and various guidelines of Valuete; Your
use of Valuete Services should not violate public interests,
public morals, or the legitimate interests of others, including
any actions that would interfere with, disrupt, negatively affect,
or prohibit other Users from using Valuete Services;
You agree not to use the services for market
manipulation.
Without written consent from
Valuete, the following commercial uses of Valuete data are
prohibited:
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Trading services that make use of Valuete quotes or market
bulletin board information.
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Data feeding or streaming services that make use of any market
data of Valuete.
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Any other websites/apps/services that charge for or otherwise
profit from (including through advertising or referral fees)
market data obtained from Valuete.
Without prior written consent from Valuete, you may not modify,
replicate, duplicate, copy, download, store, further transmit,
disseminate, transfer, disassemble, broadcast, publish, remove or
alter any copyright statement or label, or license, sub-license,
sell, mirror, design, rent, lease, private label, grant security
interests in the properties or any part of the properties, or
create their derivative works or otherwise take advantage of any
part of the properties. You may not
(i)Use any deep linking, web crawlers, bots, spiders or other
automatic devices, programs, scripts, algorithms or methods, or
any similar or equivalent manual processes to access, obtain, copy
or monitor any part of the properties, or replicate or bypass the
navigational structure or presentation of Valuete Services in any
way, in order to obtain or attempt to obtain any materials,
documents or information in any manner not purposely provided
through Valuete Services;
(ii) Attempt to access any
part or function of the properties without authorization, or
connect to Valuete Services or any Valuete servers or any other
systems or networks of any Valuete Services provided through the
services by hacking, password mining or any other unlawful or
prohibited means; (iii) Probe, scan or test the vulnerabilities of
Valuete Services or any network connected to the properties, or
violate any security or authentication measures on Valuete
Services or any network connected to Valuete Services; (iv)
Reverse look-up, track or seek to track any information of any
other Users or visitors of Valuete Services; (v) Take any actions
that imposes an unreasonable or disproportionately large load on
the infrastructure of systems or networks of Valuete Services or
Valuete, or the infrastructure of any systems or networks
connected to Valuete services; (vi) Use any devices, software or
routine programs to interfere with the normal operation of Valuete
Services or any transactions on Valuete Services, or any other
person’s use of Valuete Services; Forge headers, impersonate, or
otherwise manipulate identification, to disguise your identity or
the origin of any messages or transmissions you send to Valuete,
or (vii) use Valuete Services in an illegal way.
By
accessing Valuete Services, you agree that Valuete has the right
to investigate any violation of these Terms, unilaterally
determine whether you have violated these Terms, and take actions
under relevant regulations without your consent or prior notice.
Examples of such actions include, but are not limited to:
- Blocking and closing order requests;
- Freezing your account;
- Reporting the incident to the authorities;
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Publishing the alleged violations and actions that have been
taken;
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Deleting any information, you published that are found to be
violations.
IV. Indemnification
You agree to indemnify and hold harmless Valuete Operators, their
affiliates, contractors, licensors, and their respective directors,
officers, employees and agents from and against any claims, actions,
proceedings, investigations, demands, suits, costs, expenses and
damages (including attorneys’ fees, fines or penalties imposed by
any regulatory authority) arising out of or related to (i) your use
of, or conduct in connection with, Valuete Services, (ii) your
breach or our enforcement of these Terms, or (iii) your violation of
any applicable law, regulation, or rights of any third party during
your use of Valuete Services. If you are obligated to indemnify
Valuete Operators, their affiliates, contractors, licensors, and
their respective directors, officers, employees or agents pursuant
to these Terms, Valuete will have the right, in its sole discretion,
to control any action or proceeding and to determine whether Valuete
wishes to settle, and if so, on what terms.
V. Announcements
Please be aware that all official announcements, news, promotions,
competitions and airdrops will be listed on/en/support/announcement.
USERS UNDERTAKE TO REFER TO THESE MATERIALS REGULARLY AND PROMPTLY.
Valuete WILL NOT BE HELD LIABLE OR RESPONSIBLE IN ANY MANNER OF
COMPENSATION SHOULD USERS INCUR PERSONAL LOSSES ARISING FROM
IGNORANCE OR NEGLIGENCE OF THE ANNOUNCEMENTS.
VI. Termination of Agreement
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Suspension of Valuete Accounts
You agree
that Valuete shall have the right to immediately suspend your
Valuete Account (and any accounts beneficially owned by related
entities or affiliates), freeze or lock the Digital Assets or
funds in all such accounts, and suspend your access to Valuete for
any reason including if Valuete suspects any such accounts to be
in violation of these Terms, our Privacy Policy, or any applicable
laws and regulations. You agree that Valuete shall not be liable
to you for any permanent or temporary modification of your Valuete
Account, or suspension or termination of your access to all or any
portion of Valuete Services. Valuete shall reserve the right to
keep and use the transaction data or other information related to
such Valuete Accounts. The above account controls may also be
applied in the following cases:
(a) The Valuete Account is subject to a governmental
proceeding, criminal investigation or other pending litigation;
(b)
We detect unusual activities in the Valuete Account;
(c)
We detect unauthorized access to the Valuete Account;
(d)
We are required to do so by a court order or command by a
regulatory/government authority.
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Cancellation of Valuete Accounts
In case of
any of the following events, Valuete shall have the right to
directly terminate these Terms by cancelling your Valuete Account,
and shall enjoy the right but not the obligation to permanently
freeze (cancel) the authorizations of your Valuete Account on
Valuete and withdraw the corresponding Valuete Account thereof:
After Valuete terminates services to you; you allegedly register
or register in any other person’s name as a Valuete User again,
directly or indirectly; the information that you have provided is
untruthful, inaccurate, outdated or incomplete; when these Terms
are amended, you state your unwillingness to accept the amended
Terms by applying for cancellation of your Valuete Account or by
other means; you request that Valuete Services be terminated; and
any other circumstances where Valuete deems it should terminate
Valuete Services. Should your Valuete Account be terminated, the
account and transactional information that meet data retention
standards will be securely stored for 5 years. In addition, if a
transaction is unfinished during the account termination process,
Valuete shall have the right to notify your counterparty of the
situation at that time. You acknowledge that a user-initiated
account exit (right to erasure under GDPR or other equivalent
regulations) will also be subjected to the termination protocol
stated above. If Valuete is informed that any Digital Assets or
funds held in your Valuete Account are stolen or otherwise are not
lawfully possessed by you, Valuete may, but has no obligation to,
place an administrative hold on the affected funds and your
Valuete Account. If Valuete does lay down an administrative hold
on some or all of your funds or Valuete Account, Valuete may
continue such hold until such time as the dispute has been
resolved and evidence of the resolution acceptable to Valuete has
been provided to Valuete in a form acceptable to Valuete. Valuete
will not involve itself in any such dispute or the resolution of
the dispute. You agree that Valuete will have no liability or
responsibility for any such hold, or for your inability to
withdraw Digital Assets or funds or execute trades during the
period of any such hold.
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Valuete maintains full custody of the Digital Assets, funds and
User data/information which may be turned over to governmental
authorities in the event of Valuete Accounts’ suspension/closure
arising from fraud investigations, investigations of violation of
law or violation of these Terms.
VII. No Financial Advice
Valuete is not your broker, intermediary, agent, or advisor and has
no fiduciary relationship or obligation to you in connection with
any trades or other decisions or activities affected by you using
Valuete Services. No communication or information provided to you by
Valuete is intended as, or shall be considered or construed as,
investment advice, financial advice, trading advice, or any other
sort of advice. Unless otherwise specified in these Terms, all
trades are executed automatically, based on the parameters of your
order instructions and in accordance with posted trade execution
procedures, and you are solely responsible for determining whether
any investment, investment strategy or related transaction is
appropriate for you according to your personal investment
objectives, financial circumstances and risk tolerance, and you
shall be solely responsible for any loss or liability therefrom. You
should consult legal or tax professionals regarding your specific
situation. Valuete does not recommend that any Digital Asset should
be bought, earned, sold, or held by you. Before making the decision
to buy, sell or hold any Digital Asset, you should conduct your own
due diligence and consult your financial advisors prior to making
any investment decision. Valuete will not be held responsible for
the decisions you make to buy, sell, or hold Digital Asset based on
the information provided by Valuete.
IX. Compliance with Local Laws
t is Users’ responsibility to abide by local laws in relation to the
legal usage of Valuete Services in their local jurisdiction as well
as other laws and regulations applicable to Users. Users must also
factor, to the extent of their local laws, all aspects of taxation,
the withholding, collection, reporting and remittance to their
appropriate tax authorities. ALL USERS OF Valuete SERVICES
ACKNOWLEDGE AND DECLARE THAT THEIR FUNDS COME FROM LEGITIMATE
SOURCES AND DO NOT ORIGINATE FROM ILLEGAL ACTIVITIES; USERS AGREE
THAT Valuete WILL REQUIRE THEM TO PROVIDE OR OTHERWISE COLLECT THE
NECESSARY INFORMATION AND MATERIALS AS PER RELEVANT LAWS OR
GOVERNMENT ORDERS TO VERIFY THE LEGALITY OF THE SOURCES AND USE OF
THEIR FUNDS. Valuete maintains a stance of cooperation with law
enforcement authorities globally and will not hesitate to seize,
freeze, terminate Users’ accounts and funds which are flagged out or
investigated by legal mandate.
X. Privacy Policy
Access to Valuete Services will require the submission of certain
personally identifiable information. Please review Valuete’s Privacy
Policy at https://www.valuete.io/privacy for a summary of Valuete’s
guidelines regarding the collection and use of personally
identifiable information and shall keep changing from time to time.
It is the users responsibility to check the same. It shall be deemed
that you have accepted to the said policy, for using the product. In
the event you do not accept to any part of the policy you shall
immediately stop using the services.
XI. Resolving Disputes: Forum, Arbitration, Class Action Waiver
PLEASE READ THIS SECTION CAREFULLY, AS IT INVOLVES A WAIVER OF
CERTAIN RIGHTS TO BRING LEGAL PROCEEDINGS, INCLUDING AS A CLASS
ACTION.
Notice of Claim and Dispute Resolution Period. Please contact
Valuete first! Valuete wants to address your concerns without
resorting to formal legal proceedings, if possible. If you have a
dispute with Valuete, then you should contact Valuete and a ticket
number will be assigned. Valuete will attempt to resolve your
dispute internally as soon as possible. The parties can reach their
legal officer on saket@valuete.io. The parties agree to negotiate in
good faith to resolve the dispute (which discussions shall remain
confidential and be subject to applicable rules protecting
settlement discussions from use as evidence in any legal
proceeding).
In the event the dispute cannot be
resolved satisfactorily, and you wish to assert a legal claim
against Valuete, then you agree to set forth the basis of such claim
in writing in a “Notice of Claim,” as a form of prior notice to
Valuete. The Notice of Claim must (1) describe the nature and basis
of the claim or dispute, (2) set forth the specific relief sought,
(3) provide the original ticket number, and (4) include your Valuete
account email. The Notice of Claim should be submitted to
saket@valuete.io or hyperlink provided in your correspondence with
Valuete. After you have provided the Notice of Claim to Valuete, the
dispute referenced in the Notice of Claim may be submitted by either
Valuete or you to arbitration in accordance with paragraph 2 of this
Section, below. For the avoidance of doubt, the submission of a
dispute to Valuete for resolution internally and the delivery of a
Notice of Claim to Valuete are prerequisites to commencement of an
arbitration proceeding (or any other legal proceeding). During the
arbitration, the amount of any settlement offer made by you or
Valuete shall not be disclosed to the arbitrator.
In
the event the matter is still not settled, it shall be referred to
Bangalore Mediation Center, the seat and venue of Artbitration shall
be Bangalore. Valuete shall have the sole right to appoint the sole
arbitrator, to settle the dispute within 6 months from the reference
of Arbitration.
XII. Miscellaneous
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Independent Parties.Valuete is an independent
contractor but not an agent of you in the performance of these
Terms. These Terms shall not be interpreted as facts or evidence
of an association, joint venture, partnership, or franchise
between the parties.
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Entire Agreement. These Terms constitute the
entire agreement between the parties regarding use of Valuete
Services and will supersede all prior written or oral agreements
between the parties. No usage of trade or other regular practice
or method of dealing between the parties will be used to modify,
interpret, supplement, or alter the terms herein.
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Interpretation and Revision.Valuete reserves the
right to alter, revise, modify, and/or change these Terms at any
time. All changes will take effect immediately upon being
published on Valuete websites. It is your responsibility to
regularly check relevant pages on our websites/applications to
confirm the latest version of these Terms. If you do not agree to
any such modifications, your only remedy is to terminate your
usage of Valuete Services and cancel your account. You agree that,
unless otherwise expressly provided in these Terms, Valuete will
not be responsible for any modification or termination of Valuete
Services by you or any third party, or suspension or termination
of your access to Valuete Services.
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Force Majeure. Valuete will not be liable for any
delay or failure to perform as required by these Terms because of
any cause or condition, though not specified herein but all force
majeure events shall be captured in this clause for the benefit of
Valuete.
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Severability. If any portion of these Terms is
held invalid or unenforceable, such invalidity or enforceability
will not affect the other provisions of these Terms, which will
remain in full force and effect, and the invalid or unenforceable
portion will be given effect to the greatest extent possible.
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Assignment. You may not assign or transfer any
right to use Valuete Services or any of your rights or obligations
under these Terms without prior written consent from Valuete,
including any right or obligation related to the enforcement of
laws or the change of control. Valuete may assign or transfer any
or all of its rights or obligations under these Terms, in whole or
in part, without notice or obtaining your consent or approval.
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Waiver. The failure of one party to require
performance of any provision will not affect that party’s right to
require performance at any time thereafter. At the same time, the
waiver of one party to seek recovery for the other party’s
violation of these Terms or any provision of applicable terms
shall not constitute a waiver by that party of any subsequent
breach or violation by the other party or of the provision itself.
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Third-Party Website Disclaimer. Any links to
third-party websites from Valuete Services does not imply
endorsement by Valuete of any product, service, information or
disclaimer presented therein, nor does Valuete guarantee the
accuracy of the information contained on them. If you suffer loss
from using such third-party products and services, Valuete will
not be liable for such loss. In addition, since Valuete has no
control over the terms of use or privacy policies of third-party
websites, you should read and understand those policies carefully.
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Matters Related to Apple Inc. If you use any
device manufactured by Apple Inc. or any other manufacturer to
participate in any commercial activities or reward programs
through Valuete Services, such activities and programs are
provided by Valuete and are not associated with Apple Inc. or any
other manufacturer in any manner.
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Contact Information. For more information on
Valuete, you may refer to the company and license information
found on Valuete websites. If you have questions regarding these
Terms, please feel free to contact Valuete for clarification via
our Customer Support team or send an email on saket@valuete.io.