Terms and conditions of CHARACTBIT
Please read these terms carefully and completely. This document sets out the conditions that apply to your participation in the private placement and acquisition, holding and use of CHARACTBIT.
These Terms are provided by Our company (referred to as “we”, “us”, “our” and “CHARACTBIT) and govern your use of charactbit.com and out other websites, webpages, platforms, applications, games, products and services (collectively, our “Site”). Throughout these Terms, we will refer to you as “you” and “User”.
These Terms constitute a binding, legal agreement between you and us and apply to all Users who access or use our Site.
1. Change to our site
These terms may be updated
We may update our site often, and the effective date of these Terms will be included at the top of this webpage. You acknowledge and agree that we may change or discontinue any part of our Site, products and services at any time, with or without notice to you.
Review these terms regularly
Your continued use of the Site after the Effective Date constitutes your acceptance of any amended Terms. The amendedTerms supersede all previous versions of the Terms. For this reason, We encourage you to review these Terms any time you access or use the Site and to print out a copy of these Terms for your records. If you have any questions about these Terms, please send an email to email@example.com.
2. Agreement to terms and conditions
You understand and agree that CHARACTBIT TOKENS are not intended to consititute a digital currency, commodity, security, financial instrument or any other form of investment in any jurisdiction.
You understand and agree that CHARACTBIT does not hold any rights, express or implied, other than the right to use CHARACTBIT on the platform, and does not represent or grant any right of ownership, interest, sharing or security or equal rights. or any other form of participation related to the Company. CHARACTBIT does not authorize you to obtain any such interests or rights in connection with the Company.
You understand and agree that the Company is not responsible for the speculative intentions of you or any third party to hold CHARACTBIT for any other reason.
If you earn, buy and otherwise receive Digital Assets on the Site, such Digital Assets are owned by you. CHARACTBIT will record your ownership of these Digital Assets in your account for your benefit, and CHARACTBIT will have no title or ownership rights over such Digital Assets. As the owner of the Digital Assets, you will bear all risk of loss with respect to the Digital Assets. CHARACTBIT will have no liability for any change or fluctuation in the value of any Digital Assets.
You acknowledge and agree that you are solely responsible for deciding on the suitability, value, and appropriateness of Digital Asset ownership for yourself, and that CHARACTBIT does not give advice or recommendations regarding purchasing Digital Assets. You agree and understand that you access and use the Site at your own risk, and that when you purchase any Digital Assets on the Site, such purchase is made of digital goods that you have made the decision to purchase on your own accord.
3. Risk of Malfunction in the Solana Network or any other Blockchain and of Competing Platforms
It is possible that CHARACTBIT are interacting with malfunctions in an unfavourable way, including but not limited to one that results in the loss of CHARACTBIT or prevent their use on the Platform. It is possible that alternative platforms could be established that utilise the same open source code and protocol underlying the Platform and attempt to facilitate services that are materially similar to the Platform. May compete with these alternatives, which could negatively impact the Platform, including the utility of CHARACTBIT for use on the Platform.
4. Risk of Hacking and Security weakness
Hackers or other groups or organisations may attempt to interfere with chiliz in a number of ways, including, but not limited to denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks, and any such similar events which could have an impact on CHARACTBIT, the Platform and any services the Company may offer from time to time.
5. Unanticipated Risks
Cryptographic tokens such as CHARACTBIT as well as blockchain are a new and untested technology. In addition to the risks included in the CHARACTBIT Documents there are other risks associated with the Participant’s acquisition, holding and use of CHARACTBIT, including some that the Company cannot or may not anticipate. Such risks may further materialise as unanticipated variations or combinations of the risks discussed in the CHARACTBIT Documents.
The Participant hereby represents and warrants that he will take sole responsibility for any restrictions and risks associated with the holding or use of CHARACTBIT. If any of the risks, mentioned in the Terms are unacceptable or the Participant is not in a position to understand, the Participant should not acquire, hold or use CHARACTBIT.
6. Purpose and Use of CHARACTBIT
CHARACTBIT tokens have two specific utilities.
(1) You can sponsor FORMS through the platform.
(2) FORMS tokens can be converted to CHARACTBIT tokens.
Should a Participant transfer CHARACTBIT to other parties in any manner and under any title, the Participant shall be responsible to ensure that such transfer is in compliance with the applicable rules and regulation, and the Company shall not be held liable for any consequential loss or damages that may occur.
The Participant understands and accepts that the acquisition of CHARACTBIT is final The Participant acknowledges that he has no right to request a refund for any reason.
7. Privacy and Confidentiality
The Company values Participants’ privacy by not requesting any information that is unnecessary for the holding and use of CHARACTBIT form or to abide with obligations under applicable law. The Company commits itself to do its utmost to ensure that its directors, officers, members, employees, agents, attorneys, representatives, affiliates and associates shall not disclose to any person, any non-public proprietary, documents or confidential information which we may have obtained as a result of the relationship between the Parties under the Terms except to the extent necessary further to any law, regulations, rules or agreements.
The term “personal information” is used in this section to describe information that can be associated with a specific person and can be used to identify that person. We do not consider personal information to include information that has been anonymized so that it does not identify a specific Participant.
Nevertheless, the Company shall be entitled, at any time, to request from the Participant information and/or documentation that the Company, in their sole discretion, deem fit and necessary in order to comply with any applicable law or regulation in connection with the holding and using of CHARACTBIT. The Participant agrees to provide the Company with such information promptly upon request, and he acknowledges that the Company may not allow the use of CHARACTBIT until the Participant provides such requested information and the Company have determined that it is permissible under applicable law or regulation. The Company reserves the right to require more due diligence documentation in compliance with any new or amended regulation which may come into force in the future.
Provided that, the duty of confidentiality does not apply to any communications, facts or documents concerning any illegal purposes or the commissions of any crime or fraud. Moreover the Company is subject to the duty (without need to inform the Participant) to notify the police if the Company suspects that any property or money represents proceeds of corruption, drug trafficking or other consequences of any disclosure where the Company acts in good faith in accordance with applicable law and the Participant acknowledges that the Company is not bound by confidentiality obligations when the disclosure is necessary in the Company’s opinion to protect its own interest
8. Limitation of Liability and Indemnity
The Participant hereby understands and agrees, that entering into the Terms, acquiring, holding, receiving and using chiliz for any other reasons except for uses mentioned in the ‘Purpose and use of CHARACTBIT’ section may carry serious risks (as listed in the Terms) and loss and such risks are irrecoverable and accepted by the Participant.
The Company shall not be liable for any of the following losses, including but not limited to increased or additional costs, loss of profits, loss of revenue or income, trading losses, loss of opportunity, loss of bargain, loss of time, loss of data or consequential, incidental, special, indirect losses as may be incurred or suffered by the Participant for any reason including but not limited to as a consequence of the non-exhaustive list of risks described in the Terms (even if such damages or losses are foreseeable or even if the Company has been advised of the possibility of such damages or losses).
The Participant further acknowledges and agrees that in no event shall the Company be liable for any damages, losses, diminution in value, charges, liabilities, claims (including claims of negligence, tort or quasi-tort or other breach), demands, actions, suits, proceedings, payments, judgments, settlements, awards, assessments, deficiencies, interest, penalties and costs and expenses (including reasonable attorneys’ and consultants’ fees and expenses) imposed on, sustained, incurred or suffered by, or asserted against the Company, directly or indirectly relating to or arising out of the Participant’s participation in the Private Placement, or any acquisition, holding or use of CHARACTBIT at any moment in time, or use of the Platform, including but not limited to any breach by the Participant of these Terms or violation of any law, rule, or rights of a third party. The Participant agrees to indemnify the Company for any legal fees or other costs that are incurred by the Company or any other indemnified parties as a result of the Participant’s actions or omissions.
Furthermore, Company shall not be responsible for any losses or damages arising in connection with force majeure events, including acts of God, earthquakes, storms, or other nature events, blockages, embargoes, riots, acts or orders of government, acts of terrorism or war; any labour disputes or other industrial disturbances, electrical, telecommunications, hardware, software or smart – contract bugs or weaknesses, technological changes, changes in interest rates or other financial or monetary conditions; reliance on any information contained in the CHARACTBIT Documents, any error, omission or inaccuracy in any such information or any action resulting from such information.
For the purpose of this limitation of liability section the “Company” shall be deemed to include any directors, officers, members, employees, agents, attorneys, representatives, affiliates and associates.
9. Prohibited Uses of the Site
You agree you will not (and will not cause or encourage any third party to) use the Site, products and services in any of the following ways:
- To create a false identity, create a false account or accounts, create multiple accounts, submit false or inaccurate information or impersonate any person or organization;
- To violate any law, regulation or court order or otherwise conduct any illegal activity;
- To infringe on or misappropriate the intellectual property, privacy, publicity, moral, or other legal rights of any third party;
- To disclose any sensitive, embarrassing, private or inappropriate information about yourself or any third party that should not be publicly disclosed;
- To engage in actions that are abusive, racist, sexist, discriminatory, harassing, harmful, threatening, hateful, derogatory, pornographic, indecent, profane, obscene, or otherwise objectionable, as determined in our sole discretion;
- To engage in actions that involve or support the exploitation or abuse of animals;
- To use any spambot, bot net or other bot, scraper or other automated means to access, collect data, damage, disrupt or interfere with uses of our Site or systems, or transmit any virus, worm, Trojan or other malware or spyware to or through the Site;
- To modify, adapt, sublicense, translate, sell, reverse engineer, decompile or disassemble any portion of any of the Site, or copy or obtain information from our site for competitive purposes; or
- For commercial purposes or to advertise third party products or services other than CHARACTBIT's products and services, unless specifically approved by us.
The Company may terminate or suspend the Participant’s access to the Platform without prior notice or liability for any reason whatsoever, including but not limited, if the Participant breaches the Terms. Nothing in these Terms or in any other communication or action by the Company or its directors, officers, members, employees, agents, attorneys, representatives, affiliates and associates should be construed as a waiver of any legal remedies available for any event causing termination.
All provisions of the Terms which by their nature should survive termination, shall survive termination, including but not limited to, limitations of obligations or liability and indemnity.
11. Prohibited Participants & Other Limitations
CHARACTBIT are not available to any Prohibited Participants, as defined in the Terms, who are prohibited from acquiring, holding and using CHARACTBIT or any cryptocurrencies and/or tokens generally or to Participants in countries where any special or particular prior or subsequent approval, notification, registration or licence is needed without first obtaining such approval, notification, registration or licence and consequently would be excluded from being a party to the Terms, whether directly or indirectly.
These Terms shall only apply and CHARACTBIT shall only be useable in such countries where the use of CHARACTBIT as described in the CHARACTBIT Documents is not prohibited by law or regulation.
Any potential Participant considering participating in acquiring, holding or using CHARACTBIT and the Platform is required to obtain information on whether he is a Prohibited Participant and, if applicable, to inform themselves about, and to observe, any restrictions imposed upon them
* Prohibited Participant : a natural person wishing to become a Participant and being a citizen, national, resident or having a similar connecting factor to; or a juridical person wishing to become a Participant and being incorporated, registered or effectively managed and controlled from or in: a country, jurisdiction or territory where the holding and use of chiliz and/or virtual currencies or other tokens at any other moment in time is prohibited by laws, regulations or other practices and policies in the said country, jurisdiction or territory, which is taken to include, but is not limited to the U.S.A., or any other jurisdictions where the aforementioned are prohibited. This shall include any person/s representing or acting on behalf of such restricted prohibited participant/s in any manner or capacity whether openly or covertly.
12. Assignability and Transferability
The Company may at their own discretion, assign, transfer, license, subcontract or otherwise transfer or alienate in any other manner all or any part of its rights, benefits or obligations with regard to CHARACTBIT under the Terms to any person without restriction.
13. Changes to the Terms
The Company may, in their sole discretion and for any reason, revise or make changes to the Terms from time to time and without prior notice by posting the revised version of the Terms on the Website and, if a revision to the Terms is material, the Company will make a notice of such on the Website. The revised Terms will take effect immediately upon publication by the Company with effect from the revision date noted at the bottom of these Terms. The revised terms will not apply retroactively. If the Participant does not agree to the modified terms, he should discontinue the holding and use of CHARACTBIT and the Platform.
If any term, clause or provision of the Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from the Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of the Terms.
15. Entire Agreement
The Terms (and chiliz Documents if applicable) constitutes the entire agreement between the Parties and supersedes and extinguishes all previous drafts, agreements, arrangements and understandings between them, whether written or oral, relating to this subject matter.