Terms and Conditions – LEEQUID
  1. General Conditions
    1. These Terms and Conditions (hereinafter “Terms”) govern your access and use of the Services available via Website and App. The Terms constitute the legal agreement between you and LEEQUID.
    2. Please read these Terms carefully before using the Website and the App. These Terms apply to any person accessing the Website and App and by using the Website and App you agree to be bound by them. If you do not want to be bound by them, you should not access the Website or the App. By using the Website and App in any capacity, you agree that you have read and understood these Terms.
    3. By opening an account or 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, you may not use the Services.
    4. The user’s consent is given once the user ticks the box in the pop-up window that appears upon its first connection. By giving its consent, the user confirms that its level of English is sufficient to understand the meaning of the terms and conditions of this Agreement as well as the commitments, warranties, waivers and obligations contained herein.
    5. By making use of the Website and App, you acknowledge and agree that: (i) you are aware of the risks associated with crypto-assets, including but not limited to cybersecurity risks and regulatory risks; (ii) you shall assume all risks related to the use of LEEQUID’s interface and liquid staking Services; (iii) LEEQUID shall not be liable for any such risks or adverse outcomes; and (iv) you are not a resident or incorporated (as applicable) in a jurisdiction where the holding, distribution and transfer of cryptocurrencies is prohibited or restricted.
    6. You must be able to form a legally binding contract online either as an individual or on behalf of a legal entity. You represent that if you are agreeing to these Terms on behalf of a legal entity, you have the legal authority to bind the company or other legal entity to these Terms, and you are at least 18 years old or the age of majority where you reside, whichever is older, can form a legally binding contract online, and have the full right, power and authority to enter into and comply with the obligations under these Terms.
    7. You are advised to check these Terms periodically to familiarize yourself with any changes to the Terms. LEEQUID in its sole discretion reserves the right to make changes to these terms of services. Changes are binding on users of the Website and App and will take effect immediately upon posting. As a user, you agree to be bound by any changes, variations, or modifications to our terms of service and your continued use of the Website and App shall constitute acceptance of any such changes, variations, or modifications.
    8. LEEQUID will indicate on the Website and the App of the changes to these Terms. You accept and acknowledge that by doing so, we provide you with sufficient notice of such a change.
    9. Importantly, if you agree to these Terms by using or accessing LEEQUID Website and App, you agree to a binding jurisdiction provision and a class action waiver, both of which impact your rights as to how disputes are resolved.
    10. Please note that Section 12 contains a jurisdiction clause. By agreeing to these Terms, you agree to resolve all disputes in the courts of Lisbon, Portugal, and by their laws, which means that you waive any right to have the dispute decided by another court. You waive any right to participate in collective action, whether a class action, class arbitration, or representative action. The Courts of Lisbon, Portugal, will be responsible for resolving any dispute in accordance with Section 12.
    11. If you do not agree with these Terms and Conditions, you should refrain from using LEEQUID’s Website, App and Services.
  2. Definitions
    1. 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:
    2. “App” means the LEEQUID App;
    3. “Content” means text, design, data, video content or other intellectual property, content or information, made available to you by LEEQUID;
    4. “Interface” means the platform used by LEEQUID and on which users deposit their LYX cryptocurrencies to obtain staking rewards;
    5. “KYC” means Know your Customer;
    6. “KYB” means Know your Business;
    7. “Law” shall mean and include any law, regulation, or other provisions that have legal effect in any jurisdiction where the Business is situated or operates;
    8. “Leequid”, “us”, “we” or “our” means LEEQUID Foundation, email address: hello@leequid.io
    9. “LYX” is the native cryptocurrency of Lukso Blockchain;
    10. “Lukso” is an Ethereum Virtual Machine (EVM) blockchain based on Casper PoS consensus mechanism;
    11. “Party” means each one of you and LEEQUID and “Parties” means you and LEEQUID collectively;
    12. “Platform” is a system provided by LEEQUID via the Website or App to provide Lukso supporters with the possibility to stake their LYX and redeem sLYX liquid staking tokens;
    13. “Services” means the services provided on demand by LEEQUID, consisting of making available a digital platform allowing users to stake LYX and receive newly minted sLYX (Liquid Staking Tokens) by participating in a Proof-of-Stake (PoS) consensus mechanism;
    14. “Tax” or “Taxes” shall mean any taxes, duties, levies, imposts or other sums payable by reference to profits, revenue or transactions.
    15. “Third-Party” or “Third-Parties” shall mean anyone which is not a user of LEEQUID’s Interface;
    16. “User” shall mean a person who has registered and obtained an account on LEEQUID’s Website and App;
    17. “Wallet” shall mean the cryptocurrency wallet that can be accessed via the Website or App;
    18. “We” means LEEQUID Foundation;
    19. “Website” means the Website accessible at https://leequid.io including its subdomains, programming code, related technologies, know-how, databases, design and content therein;
    20. “sLYX” means the liquid staking tokens generated after staking;
    21. “You” or “Your” or “User” or “Users” means a person using the Website, App and/or Services provided by LEEQUID;
  3. Disclaimers
    1. LEEQUID does not guarantee that the Website and/or the App will be secure or free from bugs or viruses.
    2. You are responsible for configuring your information technology, computer programs and platform in order to access the Website and App. You should use your own virus protection software.
    3. We cannot promise that the use of the Website, App, or any content taken from the Website or App, will not infringe the rights of any third party.
    4. The content and materials available on the Website and App are for informational purposes only and are not intended to address your particular requirements. In particular, the content and materials available on the Website and App does not constitute any form of advice or recommendation by us and should not be regarded as an offer, solicitation, invitation or recommendation to buy or sell investments, securities or any other financial services and is not intended to be relied upon by you in making any specific investment or other decisions. We recommend that you seek independent advice from a financial advisor before making any such decision.
    5. Nothing included on the Website and App constitutes an offer or solicitation to sell, or distribution of, investments and related services to anyone in any jurisdiction.
    6. From time to time, reference may be made to data we have gathered. These references may be selective or, may be partial. As the market changes continuously, previously published information and data may not be current and should not be relied upon.
  4. The Website and App
    1. LEEQUID offers a liquid staking service through Lukso’s blockchain, allowing LYX holders to earn rewards by staking their assets through LEEQUID decentralized staking protocol via the use of smart contracts.
    2. LEEQUID also provides a non-custodial interface infrastructure that allows users to stake their LYX and still control their assets.
    3. LEEQUID is secured by a robust infrastructure and extensively audited smart contracts to ensure that the protocol respects high-security standards.
    4. By using LEEQUID’s interface, users can swap and/or leverage their staked positions within other decentralized platforms.
    5. Using LEEQUID’s interface may require that you pay a fee, such as gas charges on the LUKSO network to perform a transaction. You acknowledge and agree that LEEQUID has no control over any transactions, the method of payment of any transactions, or any actual payments of transactions. You must ensure that you have sufficient balance to complete any transaction using LEEQUID’s interface before initiating such transaction.
    6. LEEQUID digital ecosystem shall comprise the Website (whose domain name includes but is not limited to https://leequid.io), App, and other applications and/or web platforms that are developed to offer the Services, including independently-operated platforms, websites and projects within the ecosystem.
    7. Users shall give full consideration to all risk factors, including but not limited to the volatility of cryptocurrency prices and markets in general, risk of systemic failure, risks of code failure, bugs, hardware failure, loss of data, theft, lost usernames, passwords or private keys, incorrectly executed transactions and/or hacks which can lead to, inter alia, the complete loss of the tokens.
    8. You understand that there are inherent risks associated with blockchain technology and cryptocurrency assets, including, but not limited to, those listed hereinafter:
      1. Risks associated with IP: you understand and accept that there is no warranty that the process of delivering liquid staking tokens and/or the smart contracts will be uninterrupted or error-free and acknowledge that there is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing inter alia, the complete loss of the tokens. You understand and accept that the smart contracts and/or underlying protocols and/or any other software involved may either delay and/or not execute the delivery of the liquid staking tokens;
      2. Regulatory risks: you understand and accept that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing blockchain technology-based applications, which may be contrary to the current setup of LEEQUID and which may result in substantial modifications of LEEQUID, including its termination and the loss of the liquid staking tokens.
      3. Risks associated with abandonment and lack of success: you understand and accept that the development of the service may be abandoned for a number of reasons, including lack of interest from the public, lack of funding and lack of commercial success or prospects (e.g. caused by competitors).
      4. Risks associated with a loss of private key: you understand and accept that LEEQUID interface can only be accessed by using a digital wallet. You understand and accept that if your private key or password gets lost or stolen, the liquid staking tokens associated with your digital wallet will be unrecoverable and will be permanently lost.
      5. Risks associated with your digital wallet: you understand and accept that LEEQUID is in no way responsible for the digital wallet on which the liquid staking tokens are transferred. You shall understand and agree that you are solely responsible for the access and security of your digital wallet, for any security breach of your wallet and/with any loss of liquid staking tokens resulting from digital wallet service providers, including any termination of the service by the digital wallet service provider and/or bankruptcy of the digital wallet service provider. You understand and accept that the wallet or digital wallet service provider used for the liquid staking tokens must be technically compatible with LYX. The failure to assure this may have the result that you will not gain access to liquid staking tokens.
      6. Risks associated with theft/hacks: you understand and accept that the smart contracts, the Website, App, the underlying software application and the software interface may be exposed to cyber-attacks by hackers or other individuals that could result in theft or loss of tokens.
      7. Risks associated with depreciation: you understand and accept that regarding liquid staking tokens, no market liquidity may be guaranteed and that the value of xLYX over time may experience extreme volatility or depreciate in full.
      8. You shall confirm that you have understood all the risks mentioned above and hereby confirm that you use LEEQUID interface at your own risk. You shall understand and agree that LEEQUID shall not be liable for any damage or loss incurred by you due to the materialization of any of the risks mentioned above. You shall release the LEEQUID from any liability for any damage and/or loss arising, directly or indirectly, from your use of the LEEQUID interface.
  5. Eligibility
    1. By using LEEQUID’s Interface, you represent and declare that you:
      1. are of legal age in the jurisdiction in which you reside to use the Interface, and you have legal capacity to consent and agree to be bound by these Terms;
      2. have all the technical knowledge necessary or advisable to understand and evaluate the risks of using the Interface;
      3. comply with all applicable laws, rules and regulations in your relevant jurisdiction and your use of the Interface is not prohibited by and does not otherwise violate or facilitate the violation of any applicable laws or regulations, or contribute to or facilitate any illegal activity;
      4. are not a US person as defined by Section 6010 chapter 69 of title 22 of the United States Code, or currently or ordinarily located or resident in (or incorporated or organized in) the United States of America or in any country or jurisdiction included on the black and grey lists identified by the Financial Action Task Force (FATF) or any country specified on Section 11 of these Terms and Conditions as jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT), (the Restricted Territories) and/or;
      5. are not, and do not directly or indirectly own or control, and have not received any assets from any blockchain address that is listed or connected to a person or entity on any sanctions list or equivalent maintained by the United States of America, United Kingdom and the European Union, (such sanctions-listed persons, collectively, Sanctions Lists Persons); and
      6. do not intend to transact in or with any Restricted Territories or Sanctions List Persons;
  6. Access to the Website and App
    1. You agree that you will not do any of the following while using or accessing the Services:
      1. Impersonate or misrepresent your affiliation with any person or entity or otherwise commit fraud;
      2. Reproduce, modify, adapt, prepare derivative works based on perform, display, publish, distribute, transmit, broadcast, sell, license or otherwise exploit the website or app;
      3. Use the Website, App or Services in a commercial manner;
      4. Circumvent, disable or otherwise interfere with security related features of the Website or Services, or features that prevent or restrict use or copying of any content;
      5. Interfere with or disrupt (or attempt to interfere with or disrupt) any web pages available on the Website, servers or networks connected to the Website, or the technical delivery systems of our providers or disobey any requirements, procedures, policies or regulations of networks connected to the Website;
      6. 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 Website, App and Services;
      7. Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Website, App and Services;
      8. Attempt to scrape, parse, access, search or meta-search the Website and App with any engine, software, tool, agent, device or mechanism other than software and/or search agents provided by LEEQUID or other generally available third-party browsers;
      9. Use the Website and App to send altered, deceptive or false source-identifying information;
      10. Violate any applicable law, including without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws and any relevant and applicable privacy and data collection laws, in each case as may be amended;
      11. Export, reexport, or transfer, directly or indirectly, any LEEQUID technology in violation of applicable export laws or regulations;
      12. Infringe on or misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Website and App;
      13. Misrepresent the truthfulness, sourcing or reliability of any content on the Website and App;
      14. Use the Website and App in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Website and App, or that could damage, disable, overburden, or impair the functioning of the Website and App in any manner;
      15. Post content or communications on the Website and App that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, profane, obscene, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
      16. Post content on the Website and App containing unsolicited promotions, commercial messages or any chain messages or user content designed to deceive or trick the user of the Website and App; or
      17. Encourage or induce any third party to engage in any of the activities prohibited under these Terms;
      18. Use of the Website, App or Services in any manner not permitted by these Terms;
      19. Encourage or instruct any other individuals to do any of the foregoing or to violate these Terms;
      20. 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 any prior written consent. Any purported assignment or delegation by you without our appropriate prior written consent will be null and void.
      21. We may assign these Terms or any rights hereunder without your consent.
    2. Access to the Website and App is provided “as is” and “as available” basis only. We do not guarantee that the Website and App, or any content on it, will always be available or uninterrupted. From time to time, access may be interrupted, suspended, or restricted, including because of a fault, error or unforeseen circumstances or because we are carrying out planned maintenance.
    3. We reserve the right to limit the availability of the Website and App to any person, geographic area, or jurisdiction we so desire and/or to terminate your access to and use of the Website and App, at any time in our sole discretion.
    4. We may suspend or disable your access to the Website and App if we consider it reasonable to do so.
    5. We may remove or amend the content of the website and app at any time. However, some of the content may be out of date at any given time and we are under no obligations to update it. We do not guarantee that the Website and App, or any content on it, will be free from errors or omissions.
    6. We will not be liable to you for any loss or damage you may suffer as a result of the Website and App being unavailable at any time for any reason.
    7. You will comply with all applicable domestic and international laws, statutes, ordinances, and regulations applicable to your use of the website and app.
    8. As a condition to accessing or using the Website and App, you:
      1. Will ensure that all information that you provide on the Website and App is current, complete and accurate;
      2. Will maintain the security and confidentiality of access to your cryptocurrency wallet address; and
    9. You acknowledge that the Website and App and your use of the Website and App contain certain risks, including without limitation the following risks:
      1. That any smart contracts you interact with are entirely your own responsibility and liability, and that LEEQUID is not party to the smart contracts;
      2. At any time, your access to your cryptocurrency assets may be suspended or terminated or there may be a delay in your access or use of your cryptocurrency assets which may result in the cryptocurrency assets diminishing in value;
      3. And Website may be suspended or terminated for any or no reason, which may limit your access to your cryptocurrency assets;
    10. Accordingly, you expressly agree that:
      1. You assume all risk in connection with your access and use of the Website, App and the smart contracts;
      2. That you expressly waive and release LEEQUID from any and all liability, claims, causes of action, or damages arising from or in any way related to your use of the Website, App or the smart contracts.
  7. Fees
    1. We collect a commission on rewards that LEEQUID Interface generates. The fees for LEEQUID’s staking interface Services are deducted from the amount of earned rewards by users.
  8. Tax Issues
    1. The tax consequences of purchasing, selling, holding, transferring, or locking tokens or otherwise utilizing the Platform are uncertain and may vary by jurisdiction. LEEQUID has undertaken no due diligence or investigation into such tax consequences and assumes no obligation or liability to optimize, facilitate or bear the tax consequences to any person.
  9. Know your Costumer (“KYC”), Know your Business (“KYB”) and Anti-Money Laundering Policy (AML)
    1. LEEQUID is or may be required to control users and enforce Know your Customer (KYC) and Know your Business (KYB) standard practices and Anti Money Laundering (AML) applicable laws and regulations (hereinafter collectively referred to as “KYC/AML regulations”). LEEQUID expects users to act in good faith regarding the information provided.
    2. You must provide LEEQUID with true and accurate details of all required KYC, KYB and AML requirements.
    3. You acknowledge and agree that you will not violate any and all laws and regulations applicable to you, including but not limited to regulations on anti-money laundering, anti-corruption, and counter-terrorist financing.
    4. You agree to provide LEEQUID with all information and documents requested to verify your identity using LEEQUID KYC/AML tools.
    5. LEEQUID may also require you to provide additional information and documents in cases where it has reasons to believe that you are involved in money laundering or any other illegal activity or that you are in breach of these Terms.
    6. LEEQUID further reserves the right to share submitted KYC information and documentation with third parties to verify the authenticity of submitted data. The end user agrees to this by using the Website, App and its Services.
    7. You acknowledge and agree that in some countries and jurisdictions, and for certain people or entities, there may be restrictions under applicable export control and sanctions laws and regulations or restrictions on liquid staking Services.
  10. Geographical and Other Restrictions
    1. The Website and App may not be available or appropriate for use in all jurisdictions. By accessing or using the Website and App 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.
    2. LEEQUID reserves the right to choose markets and jurisdictions to conduct business and may restrict or refuse, in its discretion, the provision of Services in certain countries or regions.
    3. LEEQUID does not allow usage of the Interface to users from the following jurisdictions:
      1. Afghanistan;
      2. Albania;
      3. Barbados;
      4. Burkina Faso;
      5. Cambodia;
      6. Cameroon;
      7. Cayman Islands;
      8. Croatia;
      9. Democratic People’s Republic of Korea;
      10. Democratic Republic of Congo;
      11. Gibraltar;
      12. Haiti;
      13. Iran;
      14. Jamaica;
      15. Jordan;
      16. Mali;
      17. Malta;
      18. Morocco;
      19. Mozambique;
      20. Myanmar;
      21. Nicaragua;
      22. Nigeria;
      23. Panama;
      24. Pakistan;
      25. Philippines;
      26. Russia
      27. Senegal;
      28. South Africa;
      29. South Sudan;
      30. Syria;
      31. Tanzania;
      32. Turkey;
      33. Uganda;
      34. United Arab Emirates;
      35. United States of America;
      36. Vanuatu;
      37. Vietnam;
      38. Yemen;
      39. Zimbabwe.
  11. Intellectual Property
    1. LEEQUID is the sole owner of all intellectual property rights on the Website and App and of all the material published on them. These works are protected by copyright laws and all such rights are reserved.
    2. https://leequid.io is the uniform resource locator (“URL”) of LEEQUID. You will not make use of this URL (or any other URL owned by us) on another Website, App or digital platform without our prior written consent.
    3. 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, App 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, App and Services in the manner permitted by these Terms.
    4. The right to access our Services and our Interface will automatically terminate upon the closing of the account.
    5. Any other use of the Website, App and Services that are not intended according to this Terms requires LEEQUID written consent.
    6. The Website, App 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.
    7. You agree not to monitor, use or copy our web page without our prior consent. Any unauthorized use or reproduction may be prosecuted.
    8. You will retain ownership of all copyright in data you upload or submit to the Website or App. Any unauthorized use or reproduction may be prosecuted.
  12. Governing Law
    1. You agree that the laws of Portugal, without regard to the principles of conflicts of laws, govern these Terms.
    2. These Terms and any matters shall be governed by and construed under the laws of Portugal. You irrevocably agree that subject as provided below, the courts of Lisbon, Portugal, shall have exclusive jurisdiction about any claim, dispute or difference concerning these Terms and any matter arising therefrom and irrevocably waive any right that it may have to object to an action being brought in those courts or to claim that the action has been brought in an inconvenient forum, or that those courts do not have jurisdiction. Nothing in this clause shall limit the right of LEEQUID to take proceedings against you in any other court of competent jurisdiction, nor shall the taking of proceedings in any one or more jurisdictions preclude the taking of proceedings in any other jurisdictions, whether concurrently or not, to the extent permitted by the law of such other jurisdiction.
  13. No Warranties
    1. LEEQUID does not warrant the accuracy of the data gathered by using the Website, App and its Services.
    2. LEEQUID 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.
    3. LEEQUID does not warrant that access to the Website, App and its Services will be uninterrupted or error-free, neither does it warrant that the content will be permanently stored totally or partially in the cloud software, without modifications or alterations.
    4. Although LEEQUID will do its best to adopt adequate security measures to preserve content accuracy and integrity, as well as your access to your data, security measures on the internet are not impenetrable.
  14. Liability
    1. LEEQUID does not offer professional advice in relation to investments. It is your responsibility to seek professional investment-related advice before and during using the Services and engaging in staking.
    2. LEEQUID is not liable for any damage connected with the temporary impossibility of accessing the Website, App or using the Services.
    3. You must take into account all the risks related to the nature of the Services (including the risk of slashing). LEEQUID will not be liable in case such risks materialize.
    4. LEEQUID may not be held responsible for the content disseminated by any user that could infringe the rights of other users or third parties.
    5. LEEQUID assumes no liability for any damages caused by third parties or by circumstances outside the control of LEEQUID (force majeure).
  15. Entire Agreement
    1. These Terms and Conditions comprise the entire agreement between you and LEEQUID relating to your access to and use of the Website and App and Website and App contents and supersede all prior discussions, agreements, and understandings of any kind. Except as otherwise provided herein, these Terms and Conditions are intended solely for the benefit of the parties. They are not intended to confer third-party beneficiary rights upon any other person or entity.
  16. Indemnification
    1. To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless LEEQUID, from and against all actual or alleged third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorney’s fees and expenses) and costs (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) Your use or misuse of the Website and App and Website and App content; (b) your violation of these Terms; (c) your violation of the rights of a third party, including another user and (d) your failure to pay any taxes in connection with your transactions on this Website and App or in connection with any transaction. You agree to promptly notify us of any-third party claims and cooperate with LEEQUID in defending such Claims. You further agree that LEEQUID shall have control of the defence or settlement of any-third party Claims.
  17. Contacting Us
    1. Should you have any questions about these Terms or wish to contact us for any reason whatsoever, please do so by sending us an email at hello@leequid.io.
  18. Privacy Policy and Data Protection
    1. Certain areas of LEEQUID Website and App may record and collect information about you. You can find more information about how we will process your personal information in our Privacy Policy.
Last Reviewed on: September 20th 2023