1. Overview
These User Terms and Conditions are between Valereum Plc, a registered company incorporated in Gibraltar with company number 107915 and registered address at 6.20 World Trade Center, 6 Bayside Road, Gibraltar GX11 1AA, Thank you (Valereum Plc, we or us) and You, the individual using the Service (You or the User).
2. General Conditions
2.1 These Terms of Service (hereinafter Terms) govern Your access and use of the Services available via the Valereum Plc staking platform. The Terms constitute the legal agreement between You and Valereum Plc.
2.2 You should read these Terms carefully before You use the Services
2.3 By commencing the use of the Services, You confirm that You fully agree to all the terms and conditions set out in these Terms. If You do not agree to the terms and conditions set out in these Terms, then You may not use the Services.
3. Definitions
Terms that are written in these Terms in the upper case first letter will hereinafter be used in the following meanings, unless the context indicates a different meaning:
“Platform” is a system provided by Valereum Plc via the Website;
“Content” means text, design, data, video content or other intellectual property, content or information, made available to You by Valereum Plc;
“Party” means each one of You and Valereum Plc and “Parties” means You and Valereum Plc collectively;
“Services” means the services provided by Valereum Plc to You which consists of, but not limited to, a digital staking platform for Valereum Plc tokens who can receive staking rewards;
“Valereum Plc, “us”, “we” or “our” means Valereum Plc;
“Wallet” means the cryptocurrency wallet where Your utility tokens are held;
“Website” means the Website accessible at https://Valereum Plc.io/ including its subdomains, programming code, related technologies, know-how, databases, design and Content therein;
“You” or “Your” or “User” or “Users” means a person using the Website, and/or Services provided by Valereum Plc.
4. General Service Description
Valereum Plc’s services include, but not limited to:
4.1. GATE Token Staking Platform – a non-custodial Staking Platform, built to operate on the Ethereum blockchain and provide Staking and Awards functionality
to holders of Valereum Plc’s ERC-20 GATE token. The Platform allows GATE token holders to participate in Staking and earn Interest on locked tokens, without
the need for Valereum Plc to hold a user’s GATE tokens. Staked tokens are held using a smart contract on the Ethereum blockchain in a process whereby the user needs
to approve the transaction.
The smart-contract that is used for staking, by design, has a minimum lock-in period, whereby tokens that are staked can’t be withdrawn until that minimum
period has expired. Additionally, when a user claims his or her tokens, there will be an unlock period before the tokens are released. This is a function of
the smart contract = cannot be bypassed.
5. Restrictions and Obligations
5.1 You agree that You will not do any of the following while using or accessing the Services:
5.1.1 Reproduce, modify, adapt, prepare derivative works based on, perform, display, publish, distribute, transmit, broadcast, sell, license or otherwise exploit the Platform or Website
5.1.2 Use the Platform or Website in a commercial ma
5.1.3 Circumvent, disable or otherwise interfere with security related features of the Platform, Website, services, or features that prevent or restrict use or copying of any Content;
5.1.4 Interfere with or disrupt (or attempt to interfere with or disrupt) any web pages available on the Website, servers or networks connected to the Platform or Website;
5.1.5 Attempt to probe, scan or test the vulnerability of any our system or network or breach or impair or circumvent any security or authentication measures protecting the Platform, Website and Services;
5.1.6 Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Platform, Website and Services;
5.1.7 Use the Website, App or Services in any manner not permitted by these Terms; or
5.1.8 Encourage or instruct any other individuals to do any of the foregoing or to violate these Terms.
5.2 You will not assign these Terms or assign any rights or delegate any obligations hereunder, in whole or in part, whether voluntarily or by operation of law, without our prior written consent. Any purported assignment or delegation by You without our appropriate prior written consent will be null and void.
5.3 We may assign these Terms or any rights hereunder without Your consent.
6. Geographical and Other Restrictions
6.1 If the Customer is a legal entity then You accept the Terms on behalf of the legal entity, You must have the legal authority to accept the Terms on that entity’s behalf, and You confirm that the legal entity has been established lawfully and acts according to the law.
6.2 The Platform may not be appropriate for use in all jurisdictions. By accessing or using the Platform, You agree that You are solely and entirely responsible for compliance with all laws and regulations that may apply to You. You further agree that we have no obligation to inform You of any potential liabilities or violations of law or regulation that may arise in connection with Your access and use of the Interface and that we are not liable in any respect for any failure by You to comply with any applicable laws or regulations.
6.2.1 Valereum Plc does not allow usage of the Platform to users from the following jurisdictions:
6.2.1.1 People’s Republic of China
6.2.1.2 Iran
6.2.1.3 North Korea
6.2.2 You must be of legal age in the jurisdiction in which You reside but not Younger than 18 years old, and You have the legal capacity to enter into the Terms and be bound by them.
7. Intellectual Property
7.1 Unless otherwise clearly stated, all copyright and other IP rights present in the Services or displayed in connection with the Services and on the Platform/Website, registered or not, are owned by or licensed to Valereum Plc. The foregoing also applies towards any software solutions or parts of it, programs and code present in the Service.
7.2 Subject to Your compliance with these Terms, we give You a personal, worldwide, royalty-free, non-assignable and non-exclusive license to access and use the Website, Platform and Services for Your own personal use. This license is for the sole purpose of enabling You to use and enjoy the benefits of the Website, Platform and Services in the manner permitted by these Terms.
7.3 The Website, Platform and Services may be used and accessed for lawful purposes only. You agree to abide by all applicable local, state, national and
foreign laws and regulations in connection with Your use of the Website, App and Services.
8. No Warranties
8.1 The Services are provided on an “as is” and “as available” basis, without any warranty or representation expressed or implied. Valereum Plc does not make any representations or give warranties that the access to the Platform or use of the Services will be continuous, uninterrupted, timely or error-free.
8.2 Valereum Plc does not warrant the accuracy of the data gathered by using the Platform.
8.3 Valereum Plc does not assume any obligation to and does not warrant that it will create or include additional features or functionality for the Services besides the existing ones.
8.4 Valereum Plc does not warrant that access to the Platform will be uninterrupted or error-free, nor does it warrant that the Content will be permanently stored totally or partially in the cloud software, without modifications or alterations.
9. Tax Payments
9.1 Valereum Plc is not liable for any tax payments in the name of the user (You).
9.2 This is users’ obligation to make Tax payments in accordance with their country’s law.
10. GAS Fees
In order to interact with the Platform, certain actions, such as staking utility tokens and withdrawing utility tokens, require a GAS fee to be paid in ETH. These fees are controlled by the Ethereum blockchain. Valereum Plc does not receive any portion of these GAS fees, and has no control over the amount of GAS required to interact with the Platform. All GAS fees are paid by the user.
11. Liability
11.1 Valereum Plc does not offer professional advice in relation to investments. It is the user’s responsibility to seek professional investment-related advice before and during using the Services and engaging in staking.
11.2 Valereum Plc is not liable for any damage connected with the temporary impossibility of accessing the Website or using the Services.
11.3 You must take into account all the risks related to the nature of the Services. Valereum Plc will not be liable in case such risks materialise.
11.4 Valereum Plc assumes no liability for any damages caused by third parties or by circumstances outside the control of Valereum Plc (force majeure).
12. Risk Factors
Before using any of Valereum Plcs’ Services, You should ensure that You fully understand and can afford to undertake the risks involved. You should carefully read and make sure You understand our GATE Token Staking Risk Factors page, which lists some, but not all of the risks involved in holding, trading and using utility tokens generally, and using Valereum Plc’s services specifically. The risks listed below and in our GATE Token Staking Risk Factors page are intended to provide You with a general outline of the risks involved, but cannot capture all such risks.
These Terms and Your use of any of our Services do not create a fiduciary relationship between us and You; Your GATE tokens are not held by us, but by an Ethereum Smart Contract which You the user must approve. GATE tokens staked in the platform are not held by Valereum Plc as a custodian or fiduciary, are not insured by any private or governmental insurance plan (including the federal deposit insurance corporation (fdic) or the securities investor protection corporation (sipc)), and are not covered by any compensation scheme.
There are significant risks associated with Utility Tokens, and You are solely responsible to ensure You understand such risks and assess whether such risks are appropriate for You. Valereum Plc does not make any offers, recommendations or invitations for You to deal in Utility Tokens or use any services, and does not take into account Your personal circumstances, financial situation, needs or goals. Before making any financial decision, You should carefully assess Your financial situation and capacity, and only use funds that You can afford to lose. Before entering into any transaction or using any of the Services You should ensure that You understand and have made an independent assessment of the suitability and appropriateness of a transaction into which You are entering and the nature and extent of Your exposure to risk of loss in light of Your own objectives, financial and operational resources and other relevant circumstances. Past performance is no guarantee of future results.
The nature of Utility Tokens may lead to an increased risk of fraud or cyber-attack, including rollback attacks or Blockchain reorganizations. The nature of Utility Tokens means that any technological difficulties experienced by Valereum Plc or third parties may limit, delay or prevent the access or use of Utility Tokens and/or cause losses of Utility Tokens. Although Valereum Plc takes precautionary measures to protect against cyber threats, circumstances may arise where losses or damages are incurred.
In light of these risks, which are only some of the risks involved in using the Services and holding or trading in Utility Tokens, and do not constitute an exhaustive list of such risks, You should carefully consider whether holding or trading Utility Tokens in general and/or using our Services is suitable for You
in light of Your financial condition.
13. Other
13.1 Valereum Plc may make amendments to these Terms and the Privacy Policy by informing the You of the amendments
13.2 If any of the provisions of these Terms is found to be null and void or otherwise invalid, this shall not have an effect on the validity of the other provisions of these Terms.
