🈯Terms of Service
Last modified: 13th Feb 2024
This Agreement comprehensively outlines the terms and conditions that govern your access and use of the Asteroid X platform, available at (https://asteroidx.io/). By accessing or using Asteroid X, you are agreeing to be legally bound by this Agreement in its entirety. If you find these terms unacceptable, you should refrain from using the Asteroid X platform.
Introduction :
Asteroid X serves as a gateway to a decentralized financial services platform operating on various public blockchains. This platform facilitates transactions related to blockchain investors and shares of early-stage physical mining projects. While Asteroid X is a primary means of accessing these services, it is not the only one.
To interact with Asteroid X, you will need to use non-custodial wallet software, which enables interaction with public blockchains through the Protocol. It's important to note that your relationship with your wallet provider is subject to their terms of service, not those of Asteroid X. We do not have custody or control over the contents of your wallet.
Modification of this Agreement
Asteroid X reserves the right to modify this Agreement at any time, according to our discretion. Should there be any material changes, they will be effective immediately upon posting on the platform. Your continued use of Asteroid X after any such changes will be considered as your acceptance of the new terms. If you disagree with the modified Agreement, you should cease using Asteroid X immediately.
Eligibility
To use Asteroid X, you must be of legal age in your jurisdiction to form a binding contract. By using Asteroid X, you represent that you are at least the age of majority in your jurisdiction and have the legal capacity to enter into this Agreement. Additionally, you affirm that you are not under any sanctions or located in a jurisdiction subject to comprehensive sanctions by the United States or other governing bodies.
Intellectual Property Rights
Asteroid X holds all rights to the platform and its contents, including software, text, images, and other intellectual property. By using Asteroid X to list or display assets, you grant us a non-exclusive, sublicensable, royalty-free license to use the content for our business purposes. This license extends to any digital files or materials linked to assets displayed on our platform.
Additional Rights
In addition to the rights previously mentioned, Asteroid X reserves several other rights to ensure the smooth operation and integrity of our platform:
Content Management: We reserve the right to review, modify, filter, disable, delete, and remove any content and information from Asteroid X at our discretion. This includes content that we deem inappropriate, offensive, or in violation of our terms or community standards.
Service Alterations: We may, without prior notice to you, change, suspend, or discontinue any aspect of the Asteroid X service. This includes the availability of any features, databases, or content on the platform.
User Access: We reserve the right to restrict, suspend, or terminate your access to all or any part of Asteroid X at any time for any reason without prior notice or liability. This may include instances where we believe you are in breach of this Agreement or engaging in illegal activities.
Cooperation with Legal Authorities: We may disclose any information about you (including your identity) if we determine that such disclosure is necessary in connection with any investigation or complaint regarding your use of Asteroid X, or to identify, contact, or bring legal action against someone who may be causing injury to or interference with (either intentionally or unintentionally) our rights or property, or the rights or property of visitors to or users of Asteroid X.
Network and Technical Adjustments: We may need to undertake network or technical adjustments (such as maintenance, repair, upgrades, or improvements) that may temporarily disrupt or degrade the quality of our services. We reserve the right to perform these activities at our discretion.
Policy Changes: We may update our policies, including our Privacy Policy and any other policies incorporated by reference in this Agreement, at any time. Changes to policies will be communicated through the platform and, once posted, will become a part of this Agreement.
Feedback and Suggestions: If you provide us with any feedback or suggestions regarding Asteroid X, you hereby assign to us all rights in such feedback and agree that we shall have the right to use and fully exploit such feedback and related information in any manner we deem appropriate.
By using Asteroid X, you acknowledge and agree to these additional rights, understanding that they are essential for maintaining a safe, secure, and legally compliant platform.
Prohibited Activity
As a user of Asteroid X, you agree not to engage in activities such as intellectual property infringement, cyberattacks, fraud, market manipulation, or any unlawful conduct. This prohibition is in place to maintain the integrity and security of the platform and its users.
Compliance and Tax Obligations
As a user of Asteroid X, you are solely responsible for ensuring that your use of the platform complies with all applicable laws and regulations in your jurisdiction. This responsibility extends to understanding and fulfilling any tax obligations that arise from your transactions on Asteroid X, such as reporting and paying income or capital gains taxes. We recommend consulting with a tax professional to accurately navigate these requirements. Please note that while Asteroid X does not currently have a KYC system in place, wemust maintain accurate records of your transactions for compliance purposes. It's important to stay informed about changes in tax laws and regulations, as they can vary significantly across different jurisdictions and may impact your use of the platform.
KYC Requirements for Future Asset Exchange on Asteroid X
Please be aware that while Asteroid X currently does not require KYC (Know Your Customer) verification during the sales process, this policy is subject to change in the future. As we evolve and expand our services to allow users to exchange digital assets for legal stocks and securities, KYC verification will become a mandatory step in this process. This means that users wishing to engage in such exchanges will need to provide the necessary KYC information to comply with legal and regulatory standards. Failure to provide this information will result in the inability to perform these asset exchanges. This future requirement is in line with our commitment to adhere to regulatory standards and ensure the security and legitimacy of transactions on our platform.
Assumption of Risk
When engaging with Asteroid X, you acknowledge and assume the inherent risks of operating in a decentralized financial environment. This includes the high volatility of digital assets, which can lead to significant fluctuations in value and potential loss of capital. Transactions on Asteroid X are executed via smart contracts, which, despite being designed for security, may still carry vulnerabilities that could impact your assets. Additionally, the evolving regulatory landscape for digital assets presents a risk of sudden changes that could affect asset legality and value. It's important to understand that using Asteroid X does not guarantee profits, and all investment decisions should be made with an awareness of the potential for loss. By using Asteroid X, you accept full responsibility for these risks and any resulting financial outcomes.
Third-Party Resources and Promotions
Asteroid X may contain links to third-party resources or promotions. We are not responsible for the content or accuracy of these third-party resources and do not endorse any promotions linked to or from our platform.
Release of Claims and Indemnity
By using Asteroid X, you agree to release and hold harmless Asteroid X, its affiliates, officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses arising from or related to your use of the platform. This release covers a broad range of potential issues, including but not limited to, losses incurred due to market volatility, technical failures, regulatory changes, or any other operational risks associated with using a decentralized financial platform. Furthermore, you agree to indemnify and defend Asteroid X against any actions, claims, damages, or demands, including reasonable legal fees, made by any third party due to or arising out of your breach of this Agreement, your improper use of Asteroid X’s services, or your violation of any law or the rights of a third party. This indemnification obligation will survive the termination or expiration of this Agreement and your use of Asteroid X.
Privacy Policy
When you use Asteroid X, we may collect information such as your wallet address, transaction history, and other related data necessary for the operation of the platform. This information is used solely for the purpose of providing and improving our services, ensuring a secure and efficient user experience. We implement robust security measures to safeguard your data from unauthorized access or disclosure. However, it's important to note that as a decentralized platform operating on public blockchains, certain transactional data is inherently public and beyond our control. We encourage users to review our Privacy Policy in detail, which is available on our website, to understand their rights and our practices regarding data privacy. By using Asteroid X, you consent to the collection and use of your information in accordance with this policy.
No Warranties
Asteroid X is provided "AS IS" without any warranties. We do not guarantee uninterrupted or secure access to the platform, nor do we assure the accuracy or completeness of any information on it.
Limitation of Liability
Asteroid X, including its directors, employees, and affiliates, will not be liable for any indirect, punitive, incidental, special, consequential, or exemplary damages arising from your use of the platform.
Dispute Resolution
Any disputes arising from this Agreement will be settled through arbitration in Australia. By agreeing to this Agreement, you waive any right to participate in class actions or jury trials.
Governing Law
This Agreement and any disputes related to it are governed by the laws of Australia. This choice of law applies regardless of your location or the jurisdiction in which you use Asteroid X.
Entire Agreement
This document represents the entire agreement between you and Asteroid X regarding the use of the platform. It supersedes any prior agreements or understandings between the parties.
Gas Fees on Asteroid X
In the realm of blockchain transactions, there are associated costs known as "Gas Fees." These fees are required for processing transactions on the blockchain network. It's important to note that as a user of Asteroid X, you are responsible for covering these Gas Fees for any transactions you initiate on the platform. This responsibility applies unless specified otherwise in the terms of a specific offer or promotion by Asteroid X. Understanding and accounting for these fees is crucial as they are an integral part of conducting transactions within the blockchain ecosystem.
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