Longbit (hereinafter referred to as "the platform" or "the service") is a platform specially designed for users to conduct over-the-counter transactions of digital assets and provide relevant services. This agreement is a valid agreement on the rights and obligations between you (hereinafter referred to as "user" or "you") and the platform service provider Longbit Limited (hereinafter referred to as "us") when using the platform/service. In order to protect your rights and interests, please carefully read and fully understand the contents of the terms and conditions before using the platform/service, especially the terms of risk reminder and service description, the terms of exemption or limitation of liability, as well as the provisions of law application and dispute resolution. The foregoing terms are underlined in bold and should be read with emphasis.
- Acceptance and amendment of the agreement
1.1 This agreement shall come into force when you accept or use the platform/service for the first time by clicking "confirm" or other forms on the web page (for details, the page display shall prevail), and it shall be deemed that you have fully understood and agreed to accept this agreement and the rules hereunder. If you refuse to agree to this agreement, you will not be able to use the platform/service. This agreement constitutes the agreement between you and us and has legal effect.
1.3 We reserve the right to modify and supplement the terms of this agreement at any time and reserve the right to make a public announcement on the website without separate notice to you. As soon as the revised agreement is published on the platform, it will take effect automatically. You should browse and follow the updated contents of this agreement from time to time. If you do not accept that we retain this right, or do not agree with our revised agreement, please stop using the platform/service immediately. If you continue to use this platform/service, it will be deemed that you have accepted the revised latest agreement.
- Risk warning and service declaration
2.1 You should clearly know and understand in advance that the transaction and investment of digital assets are highly risky, and the transaction or holding of digital assets may cause substantial actual losses to the holders, so it is not suitable for most people. You should carefully evaluate your financial position and affordability before formal investment/transaction, and try your best to understand relevant risks. We hereby suggest as follows:
A) the price of digital assets is highly volatile and can be traded 24 hours a day without limit;
B) in some countries, digital assets cannot be exchanged with legal currency, and their circulation is restricted, and they may be prohibited by any government in the world, so they have a high liquidity risk;
C) at present, digital assets are mainly used by most holders for investment purposes, with relatively few USES in fields other than investment. In addition, technology r&d and commercial applications are still in the early stage, with great uncertainty and failure risk. Any digital assets may have substantial value fluctuations or even become worthless;
D) the price of digital assets is easy to be controlled by individual institutions or speculators holding a large number of shares due to their characteristics and technological frontier. In addition, the technical characteristics of digital assets are subject to hacker attacks due to technical vulnerabilities, which may cause partial or total losses to the holders.
E) digital assets are not legal tender issued by any government in the world, so they have not yet been determined in most countries. They are highly susceptible to fluctuations caused by global government policies, relevant market macro-control policies, fiscal and tax policies, industrial policies, laws and regulations, etc.
In addition to the above risks, you should be aware and understand that digital assets will generate derivative risks and various risks that cannot be predicted. You should carefully consider, judge and evaluate your financial position and risks before making any decision to trade/invest in digital assets. By registering and using the platform/service, you mean that you have sufficient knowledge, market familiarity, experience or professional advice to carefully evaluate the risks of digital asset transactions. Therefore, all losses incurred shall be borne by you, and we shall not be liable for such losses.
2.2 You expressly understand and understand that the platform only provides online transactions of digital assets (also known as "convertible virtual currency", "cryptocurrency", "digital token", etc.), and that the platform does not provide legal currency transactions. You understand that this platform only serves as a place for you to obtain information of digital assets, find a transaction party, negotiate and conduct transactions on the transaction of digital assets, that is, this platform only serves as a platform party for the transaction of digital assets and will not participate in the transaction of buying and selling digital assets as a buyer or seller.
2.3 The contents of the platform will be changed and updated from time to time without prior notice. We will do our best to ensure the accuracy of the published information, but we cannot guarantee the 100% applicability, reliability, integrity and accuracy of the content, so we will not be directly or indirectly responsible for any possible loss caused by the published content.
2.4 The platform has inherent risks of the Internet trading system. Since we cannot control the reliability and availability of the Internet, we shall not bear any direct or indirect losses arising from the information on the platform or the delay or failure to link the Internet, transmit or receive any notice and information.
2.5 This platform or does not provide investment advice, any views on this platform, messages, discussion, analysis and price, advice, and other information are the general market commentary, does not constitute investment advice, we do not undertake any due to rely on the information, directly or indirectly losses (including but not limited to any loss of profit), nor the use of other media described in information is liable. The information of the platform is mainly for auxiliary purposes, and you should carefully determine the authenticity, legitimacy and validity of relevant digital assets and/or information, make rational and independent judgment and bear the responsibilities and losses arising therefrom.
2.6 We will strive to ensure the security of the platform and the continuity and stability of the services provided, but we will not be responsible for malicious hacker attacks, terrorist attacks and other unforeseen circumstances. In case of any abnormal transaction, we reserve the right to cancel, roll back and prohibit all types of transaction on its platform.
2.7 We will not ask any user for a password. We will not require the user to transfer any asset that is not on the platform. We will also allow the user to transfer or make a payment to any account or digital asset recharge address that is not provided by the platform. If you receive any discount, discount and other information about the platform, please carefully verify and carefully handle, to avoid losses caused by fraud. By using the platform/service, you agree that the platform shall not be liable for any loss caused by the foregoing and related circumstances. Longbit is our only official platform. When using the platform for digital asset transactions and other related services, please be sure to confirm the accuracy and authenticity of the domain name/entry of the platform in advance and ensure correct login.
2.8 This platform strictly prohibited any use of this platform to malicious manipulate markets such as immoral, improper trading activity, if discover such events, this platform will affect all malicious manipulation of prices, malicious trading systems such as immoral behavior take warning, preventive and protection measures such as restrictions on trading, closing account, we do not assume the resulting all responsibilities and reserve the right to relevant persons shall be investigated for responsibility.
2.9 This platform is strictly forbidden to use this platform to engage in money laundering, smuggling, all illegal activities such as commercial bribery or illegal ACTS, if found any illegal actions or alleged illegal trading, this platform will take all kinds of available means, including but not limited to freeze accounts, inform the relevant authorities, etc., we do not assume the resulting all responsibilities and reserve the right to relevant persons shall be investigated for responsibility.
2.10 Unilateral judgment if we suppose you violate this agreement, or according to the law of your jurisdiction this platform to provide service or your use of this platform provided by the service behavior is illegal, we have the right to suspend or terminate your account at any time, or suspend or terminate your use of this platform to provide services or digital assets transaction.
- Service usage and user behavior
3.1 You must fill in the valid E-mail address, mobile phone number (the specific page display shall prevail) and other information according to the prompts and requirements of the relevant pages of the platform and go through other relevant procedures before you can successfully register as a user of the platform. You should safely use and properly keep your registered account, login password, fund password, mobile phone number bound at the time of registration and verification code received by the mobile phone on the platform. If you lose your password, you may not be able to access your account.
3.2 As registered users of this platform, you have the right to browse through this platform of digital assets and trading information, real-time market has the right to through this platform to submit digital assets orders and complete digital assets transaction, shall have the right to according to the activities of this platform to release rules to participate in various activities and the use of this platform promises to provide you with other services.
3.3 You confirm and promising, are you having jurisdiction where legal provisions shall be applicable to sign this agreement and the use of this platform should have the qualifications / / service capacity of natural persons, legal persons or other organizations, has the ability to fully accept the terms of this agreement and the use of the service platform, and not in any trade or economic sanctions list (such as the United Nations security council sanctions list). Your registration, sale, purchase, release of information and other acceptance and use of the services of the platform shall comply with relevant laws and regulations of sovereign states or regions that have jurisdiction over you. If you do not have the above qualifications, you shall bear all the consequences arising therefrom, and the platform reserves the right to cancel or permanently freeze your account and hold you accountable.
3.4 You shall be responsible for the authenticity, completeness and accuracy of all information provided by you in accordance with applicable laws and regulations of the legal domain and/or requirements of the platform, and bear any direct or indirect losses and adverse consequences arising therefrom. If necessary, in accordance with the relevant laws and regulations of different jurisdictions, you must provide your real name, identity certificate and other laws and regulations, privacy provisions and anti-money laundering provisions of relevant information, and constantly update the registration information to meet the requirements of timely, detailed and accurate. In addition to providing the foregoing information, in order to comply with the global industry data retention standards, you agree that we retain such information records during the use of your account and within 5 years after the closure of your account, and authorize us to conduct information inquiry directly or through a third party. Please note that this is necessary to verify your identity and protect you and us from financial crimes such as fraud.
3.5 You agree to you on this platform of the account and password, the password, mobile phone verification code with all actions and consequences (including but not limited to, information disclosure, release information, online click agree or submit all kinds of rules agreement, online renewal agreement or purchase services, etc.) take full responsibility, including any gains or losses. Without the consent of the platform, you shall not give, borrow, rent, transfer or otherwise dispose of the account of the platform to others.
3.6 You agree and undertake that you will not allow anyone to use or manage your account and that you will update us with any changes to your information in a timely manner. If you find that the account, login password, fund password or mobile phone verification code of the platform are used by any third party without your authorization, or there are other account security problems, you shall immediately and effectively notify the platform and ask the platform to suspend all account services. The platform has the right to take action against you for such requests within a reasonable time, but the platform shall not be liable for any consequences (including but not limited to any loss) incurred prior to such action.
3.7 You acknowledge and undertake that you shall not register multiple accounts on the platform or apply for accounts in the name of other subjects for any purpose. Without our authorization or permission, we are not allowed to engage in any commercial activities in the name of the platform, nor to use the platform as a place, platform or media for commercial activities in any form.
3.8 You agree and undertake that you shall not at any time engage in or participate in any act or activity that damages the interests of the platform, including maliciously slander the goodwill of the platform by making up facts or other means.
3.9 You should ensure that the transactions involved belong to your digital assets are legally obtained and all, and you are in the process of using this platform for trading and related services will strictly abide by the provisions of the relevant applicable laws and regulations, shall not engage in or participate in any violation of laws and regulations, this agreement and the rule of this platform or infringing on lawful rights and interests of any third party conduct or activity. If you violate the aforesaid terms and cause us any loss, we have the right to claim against you through law or other means.
3.10 Taxes payable and all costs of hardware, software, services and other aspects incurred in using the services provided by the platform shall be determined and borne by you alone.
- Rights and obligations of the platform
4.1 The platform reserves the right to decide whether to accept your registration under any circumstances. If you do not have the registration qualification stipulated in this agreement, the platform has the right to reject your registration; For registered users, if the platform finds that you do not meet the registration requirements at any time, the platform has the right to cancel your account, and reserves the right to hold you or your authorized agent accountable.
4.2 We have the right to know the real transaction background and purpose of users using the platform/service, and you shall truthfully provide us with the true, comprehensive and accurate information required by us. We will detect the information provided by you through technical testing, manual sampling inspection and other methods. If any error, inauthenticity, invalidity or incompleteness is found in the aforementioned information, we have the right to notify you to correct, update the information or suspend or terminate the service provided for it. If we have reasonable reasons to suspect that you provide false transaction information, we have the right to temporarily or permanently restrict your use of part or all functions of the platform.
4.3 We have the right, in our judgment, to suspend or terminate the use of your account and all associated accounts if we find that you or your associated account users are not suitable for high-risk investments.
4.4 We have the right to suspend or terminate the use of the account if we find that the user of the account is not the initial registrant of the account.
4.5 If you have not logged in the platform with your account and password for one consecutive year, the platform shall have the right to cancel your account. After the account is cancelled, the platform has the right to open the corresponding account name to other personnel for registration and use.
4.6 If we suspect any wrongdoing in your account, we have the right to make our own judgment or investigate your account and any related account. If we receive any notice of government investigation, court order or summons concerning your account, we have the right to take appropriate measures and provide relevant assistance accordingly. You acknowledge and agree that we have the right to question, freeze or terminate your account at the request of any applicable administrative, judicial, military, etc.
4.7 You acknowledge and agree that we have the right to terminate any account at any time for any reason. If your account is terminated and there is still a balance of digital assets in your account, we will refund you the remaining digital assets after deducting the value of any transaction fees, discounts and/or damages we are entitled to under this agreement. You agree to provide us with the address of digital assets upon receipt of our official notice, so that we can return the remaining digital assets to you.
4.8 We have the right to correct any obvious error in any information displayed on the platform.
4.9 We have the right to delete all kinds of contents and information that do not conform to laws and regulations or provisions of the platform at any time without notifying you in advance.
4.10 The platform shall have the right to cancel the abnormal transaction results and roll back all transactions in a certain period of time due to abnormal transactions, market disruption and other possible abnormal situations that may be caused by unexpected factors such as system failure, network reasons, DDos hacking attacks and other unexpected factors.
4.11 If you make improper gains due to a potential undiscovered loophole in the trading rules of the platform, we will contact you to recover it. Otherwise, we will take recourse measures including but not limited to restricting account transactions, freezing account funds and filing lawsuits with competent courts. You will also bear the costs of recovery incurred by us due to your failure to cooperate effectively.
4.12 The platform has the right to provide you with more information or data according to the requirements of laws, regulations, rules, orders and other norms of your sovereign country or region, and has the right to take reasonable measures to meet the requirements of the relevant norms, and you have the obligation to cooperate.
4.13 The platform reserves the right to modify, suspend or terminate services at any time without prior notice to you. If the platform terminates one or more services, the termination shall take effect from the date on which the platform issues the termination notice.
4.14 The platform shall take necessary technical measures and management measures to ensure the normal operation of the platform, provide necessary and reliable trading environment and services, and maintain the order of digital assets trading. The platform shall protect the security of your digital assets by strengthening technical input, improving security precautions and other measures, and shall be obligated to notify you in advance of the occurrence of foreseeable security risks in your account.
- Service fee
5.1 Part of the services provided by the platform are provided on a fee basis. You should be aware that we have the right to set charging service items and set corresponding charging standards according to appropriate rules, and we have the right to adjust the service fees according to market conditions, economic conditions and company policies.
5.2 You agree to pay appropriate fees according to the charging standards published by the platform when using the charging services provided by the platform. Unless otherwise stated or agreed, you agree that we have the right to directly deduct the above service fees from your account assets. We reserve the right to suspend, suspend or terminate your account if you fail to pay the fee in full or on time.
5.3 We may modify and change the charging standards and methods of the charging services according to actual needs. We may also start charging for some free services and announce relevant changes through our platform or other channels before the change of the charging standards takes effect. If you do not agree to the above modifications, changes or paid content, you should stop using the corresponding services.
- Default compensation and liability exemption
6.1 If you have any violation of laws and regulations, and rules of the platform or violation of this agreement to any third party legal rights and interests, we have the right to take all necessary measures directly, including but not limited to delete your published content, cancel the rights and interests of you in this platform, the digital assets frozen account, suspended or closed account, cancel for illegal interests and even obtained through litigation forms shall be investigated for your legal liability, etc.
6.2 You agree and acknowledge that the remedies generally provided by applicable law for breach or possible breach may not be sufficient to cover all losses suffered by the non-breaching party, and that the non-breaching party shall have the right to seek injunctive relief and all other remedies permitted by applicable law in case of breach or possible breach.
6.3 You agree and acknowledge that as a result of your breach that we need for damages to a third party, you shall we to compensate for the losses suffered by the third party claim, the compensation scope includes our agent (if any), employees, officers, directors, affiliates, subsidiaries, and inherit the company suffers loss. Similarly, in addition to the third-party claims arising from your separate breach of this agreement, we shall indemnify you for the losses incurred by the third-party claims arising from our breach. It is hereby clear that the aforesaid indemnity is only a remedy under this agreement and does not mean that we shall be liable for any breach or illegal act of you.
6.4 You acknowledge and agree that we shall not be liable for any loss caused by any of the following:
A) we have reasonable reasons to believe that there may be a material violation or breach of contract in your specific transaction.
B) we have reasonable reasons to believe that your behavior on this platform is suspected to be illegal or immoral.
C) your misunderstanding of the services of the platform and any other losses related to the services provided by the platform which are not caused by us.
D) instruction error, delay or failure to submit due to your own reasons during the trading process.
E) forget or disclose your password for your own reasons, or the computer you use is hacked by others for any reason.
F) due to the information network equipment maintenance, network connection failure, computer, communications, or other system failure, power failure, weather conditions, accidents, strikes, labor disputes, riots, insurrection, riots, productivity or insufficient productive resources, fire, flood, storm, explosion, war, bank or other reasons, digital asset market collapse, the government behavior, and any other judicial or administrative authority commands are not in our control range or we are unable to control or caused by the reason of the third party can't service or delay.
G) we have no right to limit, waive or offset our liability for damages to the maximum extent applicable by law, which is not mentioned in this agreement.
6.5 We do not make any express or implied commitment and guarantee for your use of the services of the platform, including but not limited to:
- A) the applicability, no errors or omissions, continuity, accuracy, reliability and suitability of the services provided by the platform for a specific purpose.
- B) the effectiveness, accuracy, accuracy, reliability, quality, stability, integrity and timeliness of the technology and information involved in the services provided by the platform.
- C) all information, programs, data and texts contained in this platform are completely safe and free from interference and damage by any virus, Trojan horse and other malicious programs.
Therefore, whether you log on or use the services provided by the platform shall be your personal judgment and decision, and you shall bear all risks and possible losses at your own risk.
6.6 We market for digital assets, value and price does not make any express or implied warranty, you understand and understanding of digital assets market is unstable, price and value are subject to fluctuations or collapse, trading digital asset is your personal freedom of choice and decision, and shall be borne by your own risks and possible losses.
6.7 We do not guarantee or promise any information, products, businesses or other contents that do not belong to us of any third party websites/applications linked to this platform. You should identify and decide for yourself whether to use any services, information and products provided by a third party and bear all risks/losses arising therefrom.
6.8 No waiver by any party hereto of the liabilities for breach of contract or other liabilities agreed herein shall be deemed or construed as a waiver of other liabilities for breach of contract, and no failure to exercise any right or remedy shall be construed in any way as a waiver of such right or remedy.
- Termination of the agreement
7.1 The platform shall have the right to cancel your account on the platform in accordance with provisions hereof or your application (specific requirements and procedures shall be subject to rules separately published by the platform), and this agreement shall terminate on the date of account cancellation. Any expenses, costs or obligations (if any) arising from the cancellation of the account shall be borne by you. Upon termination of this agreement, you have no right to require the platform to continue to provide you with any services or perform any other obligations.
7.2 The platform has the right to terminate all services of the platform in accordance with provisions hereof, and this agreement shall terminate on the date of termination of all services of the platform.
7.3 Termination of this agreement shall not affect the non-breaching party to recover from the breaching party or require the breaching party to bear corresponding liabilities in accordance with the provisions of this agreement or applicable laws and regulations.
- Intellectual property rights
8.1 This platform's name, trademark and logo and the content of this platform provides contains all the intellectual property, including but not limited to, books, pictures, files, information, materials, site architecture, the arrangement of the website picture, web design, related to the source code and software (including small applications and scripts), photos, videos, music, sound and the combination of all by this platform or the related oblige with its intellectual property rights according to law, including but not limited to trademark rights, patent rights, copyright, trade secrets, etc. You may not copy, alter, copy, send or use any of the foregoing materials or content for commercial purposes, create derivative works or otherwise utilize any of our source code or similar content, proprietary or confidential data or other similar information without the written consent of the platform or the relevant right holders.
8.2 You acknowledge and agree that your login on the platform or use of any services provided by the platform shall not be deemed to transfer any intellectual property rights to you. Except as otherwise provided in this agreement, we only grant you a limited, non-exclusive, terminable and non-redistributable license, which is limited to your own access to and use of the services of the platform.
8.3 You to accept this agreement be deemed to have agreed to you in this platform of the copyright of any form of information, including but not limited to: copy rights, distribution rights, right of rental, exhibition, which, presentation, broadcasting, information network transmission right, rights, rights, translation rights, rights of assembly and the other rights of the copyright owner shall gratuitously permission to use this platform, you agree to such permission for permanent license and is not subject to regional restriction.
- Personal information protection
10.1 Without our consent, you shall not transfer your rights and obligations hereunder to any third party.
10.2 We may transfer the relevant assets involved in this agreement to any third party and give you 30 days' notice. Upon our unilateral notice, we may also transfer part or all of the services hereunder to a third party for operation or performance, or transfer the rights and obligations hereunder in a general manner. The specific assignee is subject to our notice.
10.3 Any transfer of the rights and obligations agreed herein shall be subject to the provisions of this agreement by the transferor to the transferees, successors and administrators of the parties who have benefited from such transfer.
If for any reason any provision of this agreement is deemed illegal, invalid or unenforceable, such provision shall be deemed divisible and shall not affect the legal effect of any other provision.
- Application and jurisdiction of law
The formation, effectiveness, performance, interpretation and dispute resolution of this agreement shall be governed by the laws of Hong Kong. To avoid doubt, caused by this agreement or related to any dispute, the dispute, differences or claims, including arising from or related to any non-contractual disputes shall be submitted by the Hong Kong International Arbitration Centre (Hong Kong International Arbitration Centre, "HKIAC") for Arbitration, the place for Arbitration shall be Hong Kong, and submitted in accordance with the notice of Arbitration effective Arbitration rules of the Hong Kong International Arbitration Centre institution "final solution. Unless otherwise agreed in writing between us and you, you shall unconditionally agree to the foregoing provisions concerning applicable laws and jurisdictions.
- Notice and service
We will, on our own or through the platform's page prompts, webpage announcements, E-mail, SMS or one or more of the other conventional information transmission methods, serve to you various rules, notices, prompts and other information about the services of the platform. You acknowledge and agree that such notice shall be deemed to have been served and accepted and agreed upon by you as of the date of announcement or the date of dispatch. If you do not accept such notice, you shall immediately stop using the platform/service from the date of announcement or sending, otherwise, you shall be deemed to have accepted and agreed to the content of the notice.
If you have any complaints, feedback, suggestions or questions, please contact us through firstname.lastname@example.org, and we will do our best to solve them for you.