Stakenet.io Terms of Use

Last revised: July 05, 2018 Effective date: July 01, 2018

This agreement is between you and the service operator, Stakenet.io LLC ("Stakenet.io"). By using any services made available through the Stakenet.io website (https://stakenet.io) or Stakenet.io affiliates, you agree that you have read, understood and accepted all of the terms and conditions contained in this Terms of Use agreement, as well as our Privacy Policy and Consent Form which have incorporated the GDPR regulation. As this is a legally binding contract, please carefully read through this agreement and related notices before using any of our Services. By registering, accessing or using Stakenet.io, you have agreed to the terms and conditions as laid out in this User Agreement. Should you disagree to this User Agreement, please proceed to lock your account by contacting [email protected] and stop the usage of Stakenet.io and any of its services.

Stakenet.io offers an independent informational website under https://stakenet.io that also offers services to interact with several blockchains under XSN Cloud. We are not related to any other entity, team or person working on the XSN currency, other Stakenet related application/services or any other blockchain for that matter. https://stakenet.io is only an independent informational website for Stakenet as there can be many others.

Stakenet.io doesn't develop, run, host or fund the XSN wallet software applications for the different operating systems, the XSN currency, or Stakenet dx -it's an open source project powered in a decentralized manner by thousands of people around the world running Stakenet Masternodes-. Stakenet.io isn't liable for any of the previously mentioned software, its issues or developments.

The people presented in the Team section aren't representative of the persons working in Stakenet.io. Stakenet (XSN) is an open source project with a decentralized governance and funding mechanism. This encourages the creation of different and independent companies/organizations that work for the Stakenet network for their own benefit. Individuals appearing on this list specifically asked us to be listed, and it only includes some of the people working in Stakenet.

If you have questions regarding this agreement, please feel free to contact Stakenet.io for clarification via our Customer Support team at [email protected]

Agreement Conditions

Stakenet.io reserves the right to modify or change the terms and conditions of the agreement at any time and at its sole discretion. Stakenet.io will provide notice of these changes by updating the revised Terms of Use on the webpage (https://stakenet.io/terms-of-use) and changing the “[Last revised: ]” date on this page. Any and all modifications or changes to the Terms of Use will be effective immediately upon being announced on the website or released to users. As such, your continued use of Stakenet.io’s services acts as acceptance of the amended agreement and rules.

Eligibility

By registering to use a Stakenet.io account for any of the offered services such as XSN Cloud, you have affirmed that you are at least 18 years old and are an individual, legal person or other organization with full legal capacity to enter into this User Agreement between you and Stakenet.io. If you are not, you and your guardian shall undertake all consequences resulting from your actions and Stakenet.io shall have the right to cancel or freeze your account in addition to filing claims against you and your guardian for compensation.

Prohibition of use

By accessing and using Stakenet.io and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List and its equivalent. Stakenet.io maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. Stakenet.io maintains its stance that prohibited users are not to use or access Stakenet.io and any of its services.

Links to Third-Party Websites

Our Website may contain links to Websites owned or operated by parties other than Stakenet.io. Such links are provided for your reference only. Stakenet.io does not monitor or control outside Websites and is not responsible for their content. Stakenet.io’s inclusion of links to an outside Website does not imply any endorsement of the material on our Website or, unless expressly disclosed otherwise, any sponsorship, affiliation or association with its owner, operator or sponsor, nor does Stakenet.io’ inclusion of the links imply that Stakenet.io is authorized to use any trade name, trademark, logo, legal or official seal, or copyrighted symbol that may be reflected in the linked Website.

Content Disclaimer

Postings on our Website are made at such times as Stakenet.io determines in its discretion. You should not assume that the information contained on our Website has been updated or otherwise contains current information. Stakenet.io does not review past postings to determine whether they remain accurate and information contained in such postings may have been superseded. THE INFORMATION AND MATERIALS IN OUR WEBSITE ARE PROVIDED FOR YOUR REVIEW IN ACCORDANCE WITH THE NOTICES, TERMS AND CONDITIONS SET FORTH HEREIN. THESE MATERIALS ARE NOT GUARANTEED OR REPRESENTED TO BE COMPLETE, CORRECT OR UP TO DATE. THESE MATERIALS MAY BE CHANGED FROM TIME TO TIME WITHOUT NOTICE.

Description of services

Stakenet.io provides an online digital asset wallet platform under XSN Cloud for products commonly known as cryptographic tokens, digital tokens or cryptographic currency. Only cryptocurrencies are supported. Stakenet.io does not provide FIAT currencies capabilities on its platform and as such is not subjected to the stringent regulations that come with it. Stakenet.io functions as an online staking wallet. Users must register and open an account with Stakenet.io and deposit digital assets prior to commencement of using the Pooling Staking. Users may request the withdrawal of their digital assets, subject to the limitations as stated in the Terms and Conditions. All of the rest of the services provided in XSN Cloud are trustless, meaning that the users can use them without the need of depositing digital assets. These trustless services include: monitoring and calculator tools for cryptocurrencies, TPoS Merchants marketplace, Masternodes as a Service, et cetera.

Stakenet.io strives to maintain the accuracy of information posted on its website however it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content. Information on Stakenet.io website can be subjected to change without notice and is provided for the primary purpose of facilitating users to arrive at independent decisions. Stakenet.io does not provide investment or advisory advice and will have no liability for the use or interpretation of information as stated in its website or other communication mediums. All users of Stakenet.io must understand that there are risks involved with crypto assets. Stakenet.io encourages all users to exercise prudence and use Stakenet.io responsibly within their own means.

While Stakenet.io emphasises platform security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance), it will be non-accountable to Act of God, malicious targeted hacking, terrorist attacks and other unforeseen circumstances. Stakenet.io reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions. Stakenet.io will not ask for any password from its users nor ask users to transfer funds that are not listed on its trading platform. Users are encouraged to exercise prudence in dealing with discounts or promotions that could lead to them getting scammed. While the list is non-exhaustive, you agree that Stakenet.io will not be held responsible for any losses arising from the situations stated above.

By using Stakenet.io and any of its services, you declare that all information to Stakenet.io in connection with these Terms are true, accurate and complete.

Stakenet.io Account Registration & Requirements

Registration

All users must register for a Stakenet.io account before using the site services such as XSN Cloud. To register for an account, you must provide your real name, email address and password, as well as accept the Terms of Use, Privacy Policy and Consent Form. Depending on certain conditions and in our sole discretion, we may refuse to open an account for you.

We may use your Personal Data to contact you with newsletters, marketing or promotional materials and other information that may be of interest to you. You may opt out of receiving any, or all, of these communications from us by following the unsubscribe link or instructions provided in any email we send.

User Identity Verification

With registration of an account on Stakenet.io, you agree to share personal information requested for the purposes of identity verification. This information is used specifically for the detection of money laundering, terrorist financing, fraud and other financial crimes on the Stakenet.io platform. In addition to providing this information, to facilitate compliance with global industry standards for data retention, you agree to permit us to keep a record of such information for the lifetime of your account plus 5 years beyond account closing. You also authorise us to make inquiries, either directly or through third parties, that are deemed necessary to verify your identity or to protect you and/or us against financial crimes such as fraud.

The Identity Verification information we request may include, but is not limited to, your: Name, Email Address, Contact Information, Telephone Number, Username, Government Issued ID. In providing this required information, you confirm that it is accurate and authentic. Post-registration, you must guarantee that the information is truthful, complete and updated in a timely manner with any changes. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete.

Stakenet.io shall have the right to send you a notice to demand corrections, remove relevant information directly and, as the case may be, terminate all or part of Stakenet.io Service to you. You shall be solely and fully responsible for any loss or expenses incurred during the use of Stakenet.io Service if you cannot be reached through the contact information provided. You hereby acknowledge and agree that you have the obligation to keep all information provided up to date if there are any changes.

Account Usage Requirements

Stakenet.io accounts can only be used by the person whose name they are registered under. Stakenet.io reserves the right to suspend, freeze or cancel accounts that are used by persons other than the persons whose names they are registered under. Accordingly, Stakenet.io will not take legal responsibility for these accounts.

Account Security

Stakenet.io prioritizes maintaining the safety of those user funds entrusted to us and has implemented industry standard protections for our platform. With that said, there are account-level risks that are created by individual user actions. We request that you understand the need to independently take safety precautions to protect your own account and personal information.

You shall be solely responsible for the safekeeping of your Stakenet.io account and password on your own, and you shall be responsible for all activities under your log in email, Stakenet.io account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement, etc.).

You hereby agree that:

•  you will notify Stakenet.io immediately if you are aware of any unauthorized use of your Stakenet.io account and password by any person or any other violations to the security rules;
•  you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website service;
•  you will log out from the website by taking proper steps at the end of every visit.

Stakenet.io will not be responsible for any loss or consequences caused by your failure to comply with the above Account Security provision.

Dispute Resolution

Stakenet.io reserves the right to resolve issues and disputes at its sole discretion. Some issues include infringement of others’ rights, violation of laws and regulations, abnormal transactions and others not explicitly mentioned in the Terms. Users agree to bear the costs arising from the process of dispute resolution.

Guidelines for usage of services on Stakenet.io

Stakenet.io reserves the right to resolve issues and disputes at its sole discretion. Some issues include infringement of others’ rights, violation of laws and regulations, abnormal transactions and others not explicitly mentioned in the Terms. Users agree to bear the costs arising from the process of dispute resolution.

You hereby agree to observe the following covenants during your use of services on Stakenet.io:

•  all the activities that you carry out during the use of Stakenet.io Services will be in compliance with the requirements of applicable laws, regulations, as well as the various guidelines of Stakenet.io;
•  will not be in violation of public interests, public ethics or other’s legitimate interests;
•  will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules.

By accessing the Stakenet.io Services, you agree that Stakenet.io shall have the right to unilaterally determine whether you have violated any of the above covenants and take actions to apply relevant rules without receiving your consent or giving prior notice to you. Examples of such actions include, but are not limited to

•  block and close transactions requests;
•  reporting the incident to authorities;
•  publishing the alleged violations and actions that have been taken;
•  deleting any information you published that is in violation.

If your alleged violation causes any losses to a third party, you shall solely undertake all the legal liabilities in your own name and hold Stakenet.io harmless from any loss, fine or extra expenses. If, due to any alleged violation Stakenet.io incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify Stakenet.io against any losses and expense caused thereby, including reasonable attorney’s fee.

Services fees

Stakenet.io reserves the rights to levy services fees on users who use its services. It is in the discretion of Stakenet.io to adjust the services fees charged to users using its services.

Liability

Provision of Services

Stakenet.io will provide Stakenet.io Services at an “as is” and “commercially available” condition, and does not offer any form of warranty with regards to the Service’s reliability, stability, accuracy and completeness of the technology involved.

Stakenet.io serves merely as a mean to coin staking and Masternodes setup, where coin-related transactions can be conducted. Stakenet.io cannot control the quality, security or legality of the coin involved in any transaction, truthfulness of the transaction information, or capacity of the parties to any transaction to perform their obligations under the rules. You must carefully consider the associated investment risks, legal status and validity of the transaction information and investment decisions prior to your use of the Stakenet.io Services provided.

Limitation of Liability

You acknowledge and agree, Stakenet.io shall not be liable for any of your losses caused by any of the following events, including but not limited to:

•  Losses of profits, goodwill, usage or data or any other intangible losses
•  Use or failure to use Stakenet.io Services
•  Unauthorized use of your account or unauthorized alteration of your data by third parties
•  Your misunderstanding of Stakenet.io Services
•  Any other losses related to Stakenet.io Services which are not directly attributable to Stakenet.io

In no event shall Stakenet.io be liable for any failure or delay of services resulting from regular network maintenance or external factors such as power failure, natural disaster, service provider-side problems or governmental acts.

Indemnification

You agree to indemnify and hold harmless Stakenet.io, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of your breach or our enforcement of this Agreement. This shall also apply to your violation of any applicable law, regulation, or rights of any third party during your use of the Stakenet.io Services.

Termination of Agreement

You agree that we have the right to immediately suspend your account (and any accounts beneficially owned by related entities or affiliates), freeze or lock the funds in all such accounts, and suspend your access to Stakenet.io if we suspect any such accounts to be in violation of the Terms of Service, Privacy Policy, AML/CTF acts or any applicable laws & regulations. Stakenet.io shall have the right to keep and use the transaction data or other information related to such accounts. The above account controls may also be applied in the following cases:

•  The account is subject to a governmental proceeding, criminal investigation or other pending litigation
•  We detect unusual activity in the account
•  We detect unauthorized access to the account
•  We are required to do so by a court order or command by a regulatory/government authority

In case of any of the following events, Stakenet.io shall have the right to directly terminate this agreement by cancelling your account, and shall have the right to permanently freeze (cancel) the authorizations of your account on Stakenet.io and withdraw the corresponding Stakenet.io account thereof:

•  after Stakenet.io terminates services to you;
•  you allegedly register or register in any other person’s name as Stakenet.io user again, directly or indirectly;
•  when this agreement (including the rules) is amended, you expressly state and notify Stakenet.io of your
unwillingness to accept the amended services agreement; •  any other circumstances where Stakenet.io deems it should terminate the services.

Should the account be terminated, the account & transactional information required for meeting data retention standards will be securely stored for five years. In addition, if a transaction is unfinished during the account termination process, Stakenet.io shall have the right to notify your counterparty of the situation at that time.

Remaining funds after account termination (normal)

Once the account is closed/withdrawn, all remaining balance (which includes charges and liabilities owed to Stakenet.io) on the account will be payable at once to Stakenet.io. Upon payment of all outstanding charges to Stakenet.io (if any), the user will have 5 working days to withdraw all funds from the account.

Remaining funds after account termination (fraud/AML/violation of terms)

Stakenet.io maintains full custody of the funds and user data/information which may be turned over to the authorities in event of account suspension/closure arising from fraud investigations, AML investigations or violation of Stakenet.io’s Terms (eg. using Stakenet.io services from a sanctioned country).

Compliance with local laws

It is the responsibility of the user to abide by local laws in relation to the legal usage of Stakenet.io in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. All users of Stakenet.io and any of its services acknowledge and declare that the source of their funds come from a legitimate manner and are not derived from illegal activities. Stakenet.io maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the account and funds of users which are flagged out or investigated by legal mandate.

Privacy Policy

Stakenet.io may announce and amend its privacy policy on the platform of Stakenet.io from time to time and the privacy policy shall be an integral part of this Usage Agreement. The latest version of the Privacy Policy which has included the GDPR can always be found here on this page (https://www.stakenet.io/privacy-policy).

Indemnity and disclaimer

You agree to indemnify Stakenet.io and its entirety of affiliates and hold them harmless from and against all third party claims except from Stakenet.io’s breach of these Terms. As mentioned in description of services, Stakenet.io strives its best to maintain the data integrity on its site but does not guarantee the information and services provided in its platform. Stakenet.io will not be liable for errors arising from the use of its services.

Complaints

If you have any complaints, feedback or questions, kindly contact [email protected] and we will in our best efforts try to resolve it for you.