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Terms and Conditions
You, as a Client, must warrant and represent that your Service usage will stay compliant with all applicable regulations and laws. You are completely responsible for understanding whether or not the Validatrium Service is suitable for you in respect of such data privacy laws and regulations as GLB, HIPAA, GDPR, similar or any other applicable laws. In case you use Our Service and you are the subject to the aforementioned laws or regulations, then the Validatrium is not liable if the Platform does not meet those required criteria.
Moreover, you take complete responsibility for any other laws and regulations in your jurisdiction whether they restrict or allow you to use such services as Validatrium. Validatrium is not liable for any of your actions that violate your laws in your jurisdiction through the usage of the Service.
Ownership and Intellectual Property
The Validatrium owns all proprietary rights in the Service which include the domain (https://validatrium.com/), such marketing materials as logos, color schemes, design, and also, but not limited to, copyrights, trademarks, trade secrets, service marks, development practices, proprietary software, and other intellectual property rights. You as a Client is obligated to respect all intellectual property of the Validatrium mentioned above, which are protected by law.
You are allowed to use our Service as it is provided by the Validatrium, without any modifications to the software or the Service that we provide. It’s restricted to modify any software created by Our Company without any prior notice, and it’s also restricted to extract and use source code which was created by the Validatrium.
You shall not perform any unlawful actions against the Company, that may create a huge load on our infrastructure interfering the normal work of the Company; attempt to bypass or circumvent any security mechanisms, gain unauthorized access to any type of our computer systems, conduct any activities that may disrupt the work of the Company, run malicious code such as worms, trojans, cryptojacking software and other types of the viruses against the Company, including, but not limited to, computer networks or computer systems.
It’s also prohibited to launch any software (“crawlers”, “spiders”, “auto-responders”) or devices on the Company, that will automatically or manually collect any data on the Website, or will spam on the Company. The “Use License” automatically voids in case an Individual violates the aforementioned rules, and shortly his/her account gets suspended. In case a User or any other individual has damaged any part of the Service due to any type of the cyber attack, then this case will be reviewed and provided to Law Enforcement, which will act accordingly in this situation.
Validatrium Service Provision and Termination
The Validatrium provides Staking services to Client using validating nodes. The Company chooses by itself the necessary hardware and network requirements to provide a stable and efficient Staking service to Clients.
Validatrium holds responsibility for server maintenance, new hardware installation, or any server upgrades, software updates and covers all costs associated with these types of operations.
Validatrium conducts revenue share payments based on the amount of cryptocurrency staked by the Client. The payout percentages strictly depend on the type of the staked cryptocurrency, and this information is available on the homepage of the Website under the “Coins” section.
Client Rights and Obligations
You as a Client of the Company must cover all applicable taxes associated with staking payouts, which may be the subject of the official taxation process in different jurisdictions. In this case, the Validatrium is not responsible for any Client taxes that were imposed by different legislation systems.
If you want to initiate the withdrawal process, then you have to wait until the Unbounding Period whose length strictly depends on a particular Blockchain network. It’s important to mention that you won’t be able to withdraw your staked cryptocurrency before the Unbouding Period.
Representations and Warranties
Prohibition of Use
BY ACCESSING AND USING VALIDATRIUM 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), HAVE NOT BEEN DESIGNATED BY THE U.S. GOVERNMENT AS A “TERRORIST SUPPORTING” JURISDICTION, HAVE NOT BEEN INCLUDED IN THE DENIED PERSONS OR ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE OR THAT YOU ARE NOT LISTED ON ANY U.S. GOVERNMENT LIST OF PROHIBITED OR RESTRICTED PARTIES.
VALIDATRIUM RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF VALIDATRIUM SERVICES IN CERTAIN JURISDICTIONS.
Please note that there are legal requirements in various jurisdictions which may restrict the products and services that Validatrium can lawfully provide. Accordingly, some products and services and certain functionality within the Validatrium Services may not be available or may be restricted in certain jurisdictions or regions or to certain users.
You shall be responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of the Validatrium Services in each jurisdiction from which the Validatrium Services are accessed by you or on your behalf. Validatrium reserve the right to change, modify or impose additional restrictions with respect to the access to and use of the Validatrium Services from time to time at Our discretion at any time without prior notification.
Limitation of Liability
NO PARTY TO THE TERMS WILL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, LOSS OF DATA OR GOODWILL, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE, OR THE COST OF SUBSTITUTE SERVICES ARISING OUT OF OR IN CONNECTION WITH THE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT SUCH PARTY HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY.
TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL CLIENT’S OR COMPANY’S TOTAL LIABILITY TO THE OTHER ARISING OUT OF OR IN CONNECTION WITH THE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES EXCEED THE AMOUNTS PAID OR PAYABLE BY CLIENT TO COMPANY FOR USE OF THE SERVICES DURING THE TWELVE (12) MONTH PERIOD PRIOR TO THE DATE WHEN THE CLAIM OR LIABILITY FIRST AROSE.
Compliance with Laws/Copyright
Each party shall comply with all Applicable Law in connection with the performance of its obligations and the exercise of its rights in the Services. Without limiting the foregoing, Company respects copyright law in all jurisdictions in which it does business and expects its Clients to do the same. It is Company’s right to terminate, in appropriate circumstances, Clients, which infringe or are believed to be infringing the rights of copyright holders.
Confidential Information and Confidentiality Obligations
Company understands that it may receive confidential information of Client and Client understands that it may receive confidential information of Company. The receiving party agrees not to divulge to any third party any confidential information of another party and not to use any confidential information of another party for any purpose not contemplated by the Terms.