TERMS OF SERVICE
Blockchain Board of Derivatives (later referred to as: BBOD, Administrator) is an Ethereum- based virtual trading platform owned in whole by TRADE THE FUTURE HOLDING LTD (hereinafter see: Blockchain Board of Derivatives) was incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company certificate number of 204945.
Member – any current registered user of BBOD.
Website – any written material, databases, software, images or other material subjected to the display on any website owned or operated by BBOD.
Market – any market that can be traded on BBOD.
Spread – difference between the purchase price („Ask”) and the sale price („Bid”)
Prices – prices offered to the user for any transaction at any given market. If relevant, BBOD prices include the spread.
Transaction – any type of transaction made by user’s trading account, including but not limited to, deposit, withdrawal request, new trade order, close trade order
“Service” - any type of transaction made by user’s trading account, including but not limited to, deposit, withdrawal request, new trade order, close trade order.
BBOD network – collectively, any services and material hosted and administrated by Blockchain Board of Derivatives
The use of BBOD website and services offered on the Website („Services”) are entirely governed by Terms contained on this Terms of Service page („Terms”, „Website Terms of Service”, „Agreement”, „policy”). These Terms apply in full force and effect and by Your use of this Website, you accept all terms and conditions applied herein in full. All other information provided on the Website and/or oral/written statements made by BBOD are excluded from this agreement.
Accessing, viewing or downloading information from this Website and/or using the services provided by BBOD are hereby considered an acknowledgement and unconditional approval of Terms detailed in this policy. BBOD may at any time, without further notice, amend those Terms. By using BBOD Website and its services, you agree to be bound by any amendments to this policy and agree that BBOD has not obligation whatsoever to notify you of such.
In case any objections to these Terms arise, you are asked to cease using BBOD website and services.
This website is not suitable for any minors. If you are a minor (defined as a person who is not at least 18 years old, although various jurisdictions may apply), you must not use this site.
NATURE OF BUSINESS
BBOD IS BY ANY MEANS NOT A TYPE OF EXCHANGE, CURRENCY EXCHANGER, DEALER OR MONEY TRANSMITTER.
Blockchain Board of Derivatives has never been engaged and will never be engaged in any activities involving asset exchange, money transmitting or currency exchange of any kind. BBOD will never transmit customer funds to any third party and/or give access to customer funds to any third party. BBOD is not an issuer of securities of any kind and/or broker-dealer. By trading on BBOD, you do not own or transmit ownership or securities of any kind. BBOD does not own, issue or sell any type of securities.
It is the responsibility of each potential customer of BBOD to determine if the purchaser can legally make use of BBOD trading platform in the customer’ s jurisdiction.
It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to blockchain technology and its applications, including cryptocurrencies and the Blockchain Board of Derivatives. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting blockchain technology and its applications, including the Blockchain Board of Derivatives. Due to mentioned above uncertain state of regulation on a global scale, we cannot guarantee the legality of Blockchain Board of Derivatives trading platform in every jurisdiction.
There is also no unified regulatory framework applicable to Blockchain Board of Derivatives. Our products and services are regulated in some jurisdictions based on existing financial services regulatory frameworks, while they are left unregulated in others. Therefore, you should carefully consider all risks involved, including, but not limited to, those listed above and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. Do not use our services or get involved with any activities related to BBOD platform in case of not being certain about your rights that the jurisdiction of your residence or citizenship grants you.
CONDITIONS OF ACCESS
All usernames and passwords required to access BBOD website and services are meant to be kept secure and confidential. By accessing BBOD website, you agree to keeping your login credentials safe. In case of any unauthorized use, BBOD should be immediately notified in order to determine a potential breach of security and reset your password.
By accessing and using BBOD services, you agree to:
- Not attempt to undermine any security or integrity of BBOD computing systems and networks and/or third party’s hosted systems and networks (with regard to BBOD network);
- No misuse of BBOD website and services that may impair the functionality of BBOD network and/or other systems used to provide those Services;
- Not impair any other users’ ability to access BBOD network in any way;
- Not transmit any files that may be malicious and/or may potentially damage any other person’s computing device or software, any content that may be considered offensive or any data that is or may be in violation of any existing law onto BBOD network;
- Not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs that are or may be used to deliver the Services or to operate within BBOD network except those being irreplaceable to use BBOD service for normal operation.
CONDITIONS OF PARTICIPATION
BY CHOOSING TO REGISTER AS A MEMBER OF BBOD, YOU HEREBY DECLARE THAT:
- You have accepted the Terms of Service of BBOD;
- You are at least 18 years of age (may vary per jurisdiction) and have the legal capacity to accept the Terms of Service;
- You are the legal owner of the funds you add and/or plan to add to your account with BBOD and that those funds were obtained from a legitimate source;
- Using BBOD network does not amount to a breach of any laws applicable in your home’s jurisdiction;
- You are aware of any risks deriving from using BBOD network, including, but not limited to high volatility risk of cryptocurrency itself, the possible loss of majority or the whole of your funds in case market goes against you;
- You will not initiate or be involved in any form of market manipulation, including, but not limited to, spoofing orders etc.;
- The information provided by you during ID verification process are correct, genuine and up-to-date;
- You do possess full control and ownership over any withdrawal address provided by you on BBOD network;
YOU ARE PROHIBITED FROM USING BBOD WEBSITE AND SERVICES IF:
- You are a resident of United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, Sudan, or any other jurisdiction where serviced offered by BBOD are restricted. If it is determined that you have given false representation as to your place of residence, BBOD retains the right to immediate and unconditional closure of your account, along with liquidating any positions at the prevailing market price;
- You are prohibited from participating pursuant to court order;
- You have knowingly received any Pre-Release Data or other non-public information that provides an advantage in trading;
- You are engaged in any type of financial fraud;
- You collude with other individuals or engage in any type of syndicate activity;
- You use automated means outside BBOD API (including scripting, harvesting bots, robots parser, spiders, screen scrapers and further invented tools) to place orders or trades, or to collect, obtain and/or access any Website information of any user for any purpose;
- You try to abuse any of BBOD services, referral program and/or any other offers and promotions;
- You tamper and/or plan to tamper with the administration of BBOD network, computer programs or any security measure associated with BBOD.
AML and KYC regulations are followed in every jurisdiction that is a member of the global banking community.
As BBOD is not financial institution, therefore it is not required to establish AML/KYC procedure. However, Blockchain Board of Derivatives protects itself from involvement in any activity that facilitates money laundering or other criminal activities.
Blockchain Board of Derivatives retains full right to verify your identity at any time for the purposes of complying with the Seychelles’ Anti-Money Laundering Act 2006.
Due to Customer Due Diligence (CDD), we impose certain trading limits upon new users. You agree to cooperate with us in this process and will provide all documentation/information required to fully confirm your identity and the purpose of the business relationship.
BBOD retains any right to freeze any account in the event that we suspect and/or have reason to believe that you may be involved in any kind of suspicious trading, other malicious activity or breach of any of the warranties aforementioned in these Terms of Service. This may result in an unwinding of any trades that you have entered into while using BBOD network. BBOD excludes any losses or profits you would have made as a result of us closing your trade positions early and/or you not being able to trade using BBOD network.
You agree to completely indemnify us against any third party action resulting from your conduct or us having to close your positions early. An investigation will be conducted whilst your account is frozen and we may submit enquiries, requiring you to cooperate. While investigated, you will not be able to take any action on your account, including but not limited to, making deposits, withdrawals and trading. At the end of the investigation, we may, at our own discretion, decide to close your account, for which we are not require to provide you with any reasons whatsoever.
We reserve the right, at our own discretion, to close your account with prior 7 days notice. Therefore, you will retain your right to close your positions within 7 days. If, at the end of that period, there will be open positions at your account, we will force close them and return to you any remaining cryptocurrency left as a result of those transactions.
Providing us with correct details regarding withdrawal address is a responsibility imposed upon you entirely. We donot accept any liability resulting in you not receiving the cryptocurrency withdrawn due to you providing incorrect or out-of-date details. It is also upon the user to ensure format and currency of transaction sent to BBOD. We exclude any liability for incorrect transactions made onto our addresses.
In order to maintain an orderly market, we may at our own discretion halt trading on the Website due to market disruption or other relevant external events. We exclude any liablity for losses or profits lost as a result of halted trading.
INTELLECTUAL PROPERTY RIGHTS
TRADE THE FUTURE HOLDING LTD is the owner or the licensee of all intellectual property rights in BBOD network, and in the material published on it (including this document). Those works are protected by copyright laws and treaties around the world. All such rights are reserved.
You must not modify digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
For purposes of viewing the material contained on this Website, you are granted a limited license only. Subject to the restrictions provided in these Terms.
RECEPTION AND TRANSMISSION OF ORDERS
The Member agrees that any orders, once placed or activated, cannot be revoked, amended and/or refunded in any case, including cases of technical issues, outages of price data feeds, risk and fund management.
The Member accepts any risks of mistakes and/or misinterpretations in the orders made through BBOD Trading Platform, especially in cases of technical or mechanical failures. He also acknowledges risks of delays or other problems that may arise, and agrees to indemnify BBOD in full for any loss resulting from those delays.
The Member also accepts the risk of their orders being placed by unauthorized persons and agrees to fully indemnify Blockchain Board of Derivatives, as BBOD has no responsibility as to the identity of person placing the specific order.
The Member acknowledges risk of their balance becoming negative due to unpaid leverage financing fees and position liquidation. In that case, negative balance is owed by the Member to BBOD.
The Member fully acknowledges and agrees to the fact that BBOD retains the right to close, suspend, freeze, cancel or refuse any transaction and/or trade without providing prior notice to the Member, for instance in cases related to intentional malicious actions regarding manipulation market or Trading Platform, exploiting insider information, contributing to illegal activity and failure to fulfill obligations mentioned in these Terms of Service.
NO WARRANTIES POLICY
BBOD network is provided in its current state, with all its possible faults, and BBOD gives no representation and/or warranties of any kind related to this Website, materials contained on this Website, and services provided by BBOD whatsoever. In addition, no information published on this Website shall be regarded as any consult or advice to you.
Signing up to BBOD implies acceptance and acknowledgement of the fact that BBOD network may temporarily go down at any time without prior notification.
NO INVESTMENT ADVICE
If any investment or trading signal shall be received through BBOD network to the Member, it should not be considered as recommendation regarding a particular course of action and/or investment advice of any kind.
Any opinion-related kind of information expressed on BBOD network are published for information-related purposes only and do not amount towards any investment advice, nor they are to be considered any kind of official trading course of action. They are subject to change without prior notice. In the event any of the assumptions do not prove to be true, results are likely to vary substantially. There is no guarantee that investment strategies expressed on BBOD will achieve desired results under all market conditions, especially in long term. No representation is being made that any account, product or strategy will or is likely to achieve profits, losses, or results similar to those discussed, if any.
BBOD network may contain estimates, statements and/or projections that may be by some considered ‘forward-looking statements’. They are inherently speculative and based on current available information and possible projections about future trends and events. As such, they are subject to multiple risks and numerous uncertainties. Actual results of application of those strategies may drastically differ, based on many unforeseeable variables. BBOD takes no obligation to update or revise any forward-looking statements posted by the Website and any of its members.
BBOD denies any liability deriving from any delays in operation of the Website. The Member, by using this website, accepts the fact that the time of operation of BBOD network may vary depending on used equipment, as well as constraints deriving from specificity of World Wide Web, being beyond any from of control from BBOD, and understands that no liability may be imposed upon BBOD because of such issues.
Any market data provided by BBOD is given as it is, with all its faults and potential technical difficulties. BBOD makes no representations nor warranties related to this data.
BBOD network may at times rely on third party services to retrieve and process market data, including ‘live trade’, ‘bid’ and ‘ask’ data related to potential assets, currencies or instruments traded through our Trading Platform service. At times these third party services may go offline and/or not reflect real market information. Any data seen on BBOD may at times lead you to bad trade decisions based on technical malfunctions. BBOD w ill do its best to notify you about any inaccuracies, but denies any liability deriving from badly placed orders and/or trade entries (including trades entered at market at inaccurate market price), market or price movements that may arise when such external services are unreachable or unreliable resulting in misleading information.
By using BBOD network, you agree that all orders and trades are final and irreversible, including decisions that may have occurred as a result of incorrect data displayed by BBOD or third party providers that BBOD interacts with.
You agree to indemnify BBOD as well as its contractors, its licensors and respective directors, officers, agents and employees from and against any kind of claims and expenses, including attorney’s fees, arising out of your using of the BBOD network, including but not limited to your violations of these Terms of Service.
LIMITATION OF LIABILITY
Blockchain Board of Derivatives along with its suppliers or licensors will not be held liable to any subject matter of this agreement under any contract, negligence, strict liability or other legal/equity theories regarding:
- Any special, incidental or consequential damages;
- Cost of procurement or substitute products or services;
- Interruptions of use;
- Loss or corruption of data;
- Any amounts that exceed fees paid by you to BBOD under this agreement during twelve (12) month period prior to the course of action.
BBOD will not be held liable for any delays or failures deriving from matters beyond their reasonable control. Conditions aforementioned shall not apply to the extent prohibited by applicable law.
BBOD denies any responsibility for any failures deriving from human errors, technical malfunctions, omissions, interruptions, network deletions and/or defects, data corruption, server and telephone outages or software issues beyond control of BBOD.
Any injury or damage suffered by user deriving from:
- Tampering of data
- Destruction of data
- Alteration of data
- Incorrectly processed data
Is not a subject to any kind of liability.
ANY ATTEMPT BY AN USER OR ANY OTHER INDIVIDUAL TO DELIBERATELY DAMAGE THE WEBSITE OR UNDERMINE THE LEGITIMATE OPERATION OF THE TRADING PLATFORM IS A VIOLATION OF CRIMINAL AND/OR CIVIL LAWS AND SHOULD SUCH AN ATTEMPT BE MADE, BBOD RESERVES THE RIGHT TO SEEK DAMAGES AND OTHER REMEDIES FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW.
In case of any cause outside reasonable control of any of the parties, including acts of god, riot, war, malicious acts of damage, fires, electricity supply failure and Government authority, neither party is liable for delay in meeting its obligations.
REMEDIES FOR BREACH OF AGREEMENT
In case of violations of these Terms of Service, BBOD reserves the right to seek all remedies available by law and in equity, as well as retains the right to restrict, suspend or terminate your account and/or deny you access to the Website without further notice.
Blockchain Board of Derivatives is entitled to disclose your user identity, as well as personal details, in case of those being required or requested by a court of law, governmental agency or any form of law enforcement authority that BBOD considers reasonably necessary or appropriate.
If any of Terms and Conditions a forementioned in these Terms of Service is found to be invalid and/or unenforceable under any applicable law, it shall not render these Terms unenforceable and/or invalid as a whole, and such provisions shall be deleted without any effect on remaining provisions whatsoever.
If any of provisions aforementioned in these Terms of Service are to be found void, invalid, unenforceable or illegal by a court of law, validity and enforceability of other provisions shall not be affected in any way. If any provisions are to be declared unenforceable, you agree to an amendment made by BBOD to provide for the enforcement of those provisions to the fullest extent permitted by applicable law.
These Terms of Service, any legal notices and disclaimers issued on this Website and/or whole BBOD network, constitute an entire agreement between you and BBOD in relation to you use of this Website, and overrule any prior agreements and understandings with respect to the usage of its website and services.
These Terms will be governed by and construed in accordance with the laws of The Republic of Seychelles and the Client hereby agrees to submit to the exclusive jurisdiction of the Seychelles courts in connection herewith (save where a document, agreement or application form provides otherwise).