Notice of amendment to the Cryptouniverse Terms and Conditions.
Issued: March 2, 2021
Please review this document.
We are amending the legal agreements governing your relationship with Cryptouniverse. We encourage you to read the document below carefully to be aware of these upcoming changes. No further action is required of you, as these changes will take effect automatically on March 15, 2021.
If you prefer to opt out of these changes and close your account, you may do so before March 15, 2021 by contacting customer service.
Changes made for purposes of linguistic correction, modification, or deletion of spelling or grammatical errors, or formatting changes are not highlighted in this document. This also applies to corrected or standardized links.
Please click HERE to view an updated copy of the suggested changes.
1. General Terms
1.1. The present User Agreement (hereinafter referred to as the Agreement) governs the relationship between the Local Authority of the CryptoUniverse cloud-mining service Website, located at cryptouniverse.io, and the User of the web page.
1.2. The Website Local Authority can make changes to any clauses of the Agreement, edit them and add new terms without notifying the User. A user who continues to use the Website after changes to the Agreement were made, fully accepts them.
1.3. The Website Local Authority assigns full personal responsibility to the User for checking the changes in the submitted Agreement.
1.4. The subject of the presented Agreement is the access to the use of the facilities of the Website cryptouniverse.io. The agreement is legally binding for its participants — the Website Local Authority and the User.
1.5. The User agrees to study the terms of this Agreement before completing the registration form. By registering, the User confirms full acceptance of all terms of the submitted Agreement.
2.1. Only an adult can become a user of the Website. By registering, you confirm this.
2.2. A user is considered to be an individual registered on the Site in compliance with the requirements of a web-site.
2.3. To register, you must fill in the appropriate sections of the form and confirm the registration by following the instructions that will be automatically sent to your email inbox.
2.4. Each user who successfully passes the registration process is assigned a personal number (ID).
2.5. If suspicious activity is detected in the Personal Account, such as unauthorized access to the password or login, the User must notify the Website Local Authority.
2.6. The User is fully responsible for every action taken in his personal account.
2.7 The User is not entitled to create multiple accounts on the Site. First of all, an account cannot be used to provide any benefits to another account of the same user, for example, by linking accounts using a referral program. The user can use the only one account ("ban on the use of multi-accounts"). The site administration strongly recommends that users with multiple accounts close one of them, since violation of the Ban on the Use of Multi-Accounts threatens to immediately revoke the right to use the service.
2.7.1 The User is not entitled to create an account on the Site on behalf of or instead of another person. In case of violation of that ban, the Administration reserves the right to deprive the user of the right to use the Site.
3.1. By accepting the Agreement, the User authorizes the Local Authority of the Website to provide services. The "Agreement for Mining" is concluded between the Website Local Authority and the User. According to the provisions of the Agreement, the Website Local Authority grants the User a certain amount of computing power for the mining of crypto-currencies, based on the rate chosen by the User.
3.2. The user can use the service of cryptocurrency only on his own behalf, to receive his profit, realizing the possible risks. Violation of this clause of the Agreement may serve as an excuse for terminating the Agreement for mining by the Local Authority unilaterally.
3.3. The User shall pay and owe service provider certain data center operations maintenance fees for use of the Services as described in this Agreement. Service provider shall calculate and automatically deduct the Maintenance Fees from Customer’s Hash Rate Output on a daily basis. In the event that the Hash Rate Output for one or more days does not cover the Maintenance Fees, service provider may deduct the Maintenance Fees from any subsequent Hash Rate Output during the Term of the Agreement. Service provider may sometimes offer promotions for which Maintenance Fee should be prepaid. Service provider may sometimes offer certain services, products or promotions for which there is either no Maintenance Fees or Maintenance Fees have been waived, modified or discounted. For example Prepaid Special 360.
4. Using the Website facilities
4.1. The access to the services of a website is open only to a registered User with an active personal account.
4.2. The Local Authority may request the identity proving documents from the User in certain cases (for the protection of accounts from unauthorized actions of third parties).
4.3. The Website and the content contained on the pages of the Website and managed by the Local Authority are owned by the Local Authority.
4.4. The user who transfers funds to his personal balance in the system confirms that all incoming transactions are made to pay for service and receive profit from the mining, based on the selected rate.
4.5 The user is provided with the transaction statement on the daily basis. In case of disagreement with the daily statement, the User shall notify the Support service within 24 hours after receiving the statement. Otherwise, this statement will be considered as confirmed by the User.
5. Responsibility and risk awareness
5.1. Any activity related to cryptocurrencies is fraught with a number of risks. Taking into account the fact that crypto currencies are decentralized and their turnover cannot be clearly regulated, the rate is highly volatile, the complexity of production is constantly changing, the rates and other details of the Mining Agreement can be changed. The user assumes all risks associated with the change in the value of the extracted crypto currency. The user also assumes responsibility for the management of crypto-currencies on his balance sheet and any fees or damages caused to him by third parties.
5.2. Any information published on the Website or broadcast through the official communication channels of our service (including details of rates) may be changed.
5.3. The Local Authority of the Website is not responsible for any delays and technical failures in the operation of the service caused by the fault of payment systems, banks, as well as for interruptions or malfunctions caused by force majeure and / or breakdowns in electrical, telecommunications and other engineering networks.
5.4. The Local Authority of the Website is not responsible for the correct operation of the Website, if the User does not have a device and the technical means suitable for full use of the functionality and capabilities of the Website.
5.5. By accepting the Agreement, the User confirms his refusal of any claims against the Local Authority if he has committed fraudulent actions or spread deliberately false information. The User also assumes responsibility for the correctness of all data provided by him to the Local Authority, any violations of the law, as well as the actions of third parties committed in the personal account of the User.
6. Local Authority Rights
6.1. The Local Authority reserves the right to transfer personal data of the User to law enforcement agencies in case of submission of the corresponding official request by the latter. In addition, the disclosure of personal data is possible to determine whenever the User is violating the terms of the Agreement and is harmful to the Local Authority or other Users of the Service.
6.2. In case of violation of the terms of the submitted Agreement by the User, the Local Authority reserves the right to restrict or completely block access to the Website without notifying the User first.
6.3. The Local Authority reserves the right to terminate the terms of the Services and block access to the account and the Website as a whole if the User is suspected of fraudulent activities, theft of confidential information, violation of copyright and other intellectual property rights. In the presence of grounds, restriction of access or complete blocking is carried out by the Local Authority without notification of the User.
7. The Mining Agreement status change
7.1. The Local Authority can stop the operation of the Agreement unilaterally, without violating the User's property rights.
7.2. The User may request the Administration to change the status of the Agreement, namely to extend or stop its validity by contacting the Customer Support Service.
7.3. The Local Authority can delete user accounts if there is no activity in them. The account can be deleted if within a month after registration no replenishment has been received on its balance for payment of the Mining Agreement.
8. Force Majeure Circumstances
8.1. The Project Local Authority is not responsible for non-compliance with the terms of the Agreement and the Mining Agreement provoked by force majeure circumstances.
8.2. Force Majeure Circumstances include unpredictable events that do not depend on the will of the parties to the Agreement, and lead to the impossibility of fulfilling obligations. Force majeure circumstances includes war and hostilities, terrorist acts and threats of terrorism, natural disasters, epidemics, natural disasters of all kinds, coups d'état, popular unrest and riots, accidents and man-made disasters, as well as other circumstances that may impede the full implementation of the conditions of the Mining agreements.
8.3. In the event of Force Majeure which complicate or make it impossible to fulfill the terms of the Mining Agreement, the Local Authority promptly notifies Users of the occurrence. The fulfillment of obligations under the Agreement will be temporarily stopped. In this case, the validity of the contract will be extended depending on the duration of force majeure. With prolonged force majeure, the Local Authority may terminate the provision of its services.
8.4. The Local Authority can redeem all active contracts for the production of cryptocurrency from Users at a price set at the current time to prevent disputes related to the government regulations. In this case, the corresponding notification will be sent to the mailbox (specified by the User at registration) in advance (7 days).