Last revised on Feb 26, 2021
BY ACCESSING OR USING THIS WEBSITE OR OTHER SERVICES THROUGH THE PLATFORM OR APPLICATIONS, YOU AGREE TO BE BOUND BY THESE ToU AND ALL TERMS INCORPORATED BY REFERENCE.
VISITING, BROWSING AND REGISTRATION ON THIS WEBSITE, THE PLATFORM AND THE APPLICATIONS MEANS CONSENT TO AND OBSERVATION OF ToU.
IF YOU DO NOT AGREE TO THESE ToU, DO NOT USE THIS WEBSITE, OUR PLATFORM AND/OR OUR SERVICES.
These ToU constitute the Agreement between you (“You”, “Your” or “User”) and CS Software Solution (“Credits” or “Company”, registration number 11422172 in the United Kingdom).
It is Your responsibility to follow the Laws and regulations of Your country of citizenship/residence and/or country from which You access this Website and the Service, as well as other applicable Laws and regulations.
IMPORTANT: By accessing this Website or using any of the Services (each as defined below), You acknowledge that You have read, understand, and completely agree to these ToU which constitute the legal Agreement between You and Credits, as updated and amended from time to time. If You do not agree to be bound by this Agreement or by any subsequent amendments, changes or updates, You may not access or use any of the Services, and if You do access or use any of the Services, You will be bound by this Agreement, as updated and amended from time to time; Your only recourse in the case of your unwillingness to be bound by this Agreement is to stop using all of the Services.
CHANGES TO THESE ToU: Credits reserves the right to change or modify these ToU in its discretion at any time. Credits will notify such changes by updating the terms on its Website and modifying the last revised date displayed on this page. ANY AND ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF CREDITS SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE ToU, YOU MUST STOP USING CREDITS SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO FREQUENTLY REVIEW THESE ToU TO ENSURE YOUR UNDERSTANDING OF THE ToU THAT CURRENTLY APPLY TO CREDITS SERVICES.
PLEASE READ THIS AGREEMENT BEFORE USING THE SERVICES.
The Company provides the following Services to the User:
a) access to https://credits.com (hereinafter - “Website”);
b) a free of charge license to use the CS Crypto Wallet (hereinafter - “CS Wallet”) to store, access and transfer ownership of CS Coin and other tokens issued exclusively on Credits blockchain (hereinafter - “CS Digital Assets”).
You should only use the CS Wallet if you are familiar with virtual currencies. The Company highly recommends learning the basics of the specific virtual currency that You plan on using before opening the CS Wallet.
Based on this Agreement, Credits may also provide other services, which are or will be available on its Website or its platform or applications.
Credits also reserves the right to choose markets and jurisdictions in which it operates, and may also restrict or refuse provision of the Services in certain countries if deemed necessary.
2. PRIVATE KEYS
The Company does not store Users' private keys, backup phrases or passwords (hereinafter - “Private Information”). It is very important that You backup Your Private Information. If You lose Your Private Information then it will not be possible for the Company to recover it for You and You may lose access to Your CS Digital Assets. If You do not understand the above paragraph, then Company recommends You to learn more about virtual currencies before using the CS Wallet.
Your responsibility is to ensure security and constant control over any of Your devices. You are responsible for all actions performed with your CS Wallet and You assume all risks of any authorized or unauthorized access to your CS Wallet. You undertake to monitor all and any changes on Your CS Wallet and immediately inform us about any unusual, suspicious, unclear or abnormal changes on Your CS Wallet or any other breach of security.
3. ELIGIBILITY AND ACCESS TO THE SERVICES
To use the Services, You represent and warrant that:
You are at least 18 years old and have the legal age of applicable jurisdiction;
You are a Person with full capacity and capability and sufficient authority to enter into this Agreement;
You are the legal owner (or duly authorized representative of the legal owner) of CS Digital Assets deposited by You into Your CS Wallet and the CS Digital Assets must come from legal sources;
You are not providing Credits with misleading, untruthful or fraudulent information;
You were not previously prohibited or restricted in using our Services;
You have a computer or a mobile device with Internet or data services;
You are not a subject to any trade embargoes or economic sanctions of any country or organization;
You are not a US-citizen or a US-resident;
You are not in violation of any of the provisions of this Agreement or applicable Laws and regulations.
Also, You are not allowed to access or use the Services if You are a citizen or resident, or located, incorporated or otherwise have connections to the countries which are subject to the Sanctions and Anti-Money Laundering Act 2018 (Sanctions Act), those considered as high-risk countries by the FATF, countries that are subjects to sanctions, embargoes or similar measures (e.g. the EU and the UN sanctions, HMT, OFAC), countries that provide funding or support of terrorist activities or countries that have designated terrorist organizations operating within their territory, countries listed by the OFSI and various international sanction regimes which apply to Credits (hereinafter - “Forbidden Jurisdictions''). If Credits determines that You are related to Forbidden Jurisdictions or that You have made false statements about Your incorporation, citizenship or residence, Credits reserves the right to immediately suspend Your CS Wallet, freeze or lock the CS Digital Assets in Your CS Wallet and report to competent authorities.
You are also not allowed to access or use the Services if You do not meet any User due diligence/compliance standards, requests or requirements of Credits compliance staff. We inform You that submitting misleading/untruthful/fraudulent information or false documents (including fraudulent identification documents) is prohibited. In case Credits doubts that the data is correct, up-to-date or complete, Credits is entitled to refuse the User’s access to the Services (all or part) and/or suspend with the right to permanently terminate the User’s access to CS Wallet.
Also, You shall:
be responsible for Your own CS Digital Assets;
carefully safeguard Your Private Information;
ensure that Your device(s) are fully updated and do not contain viruses, malware or otherwise malicious software.
You shall not:
send Your CS Digital Assets to addresses that are not supported by the CS Wallet;
use the CS Wallet in a manner likely to infer with other CS Wallet users or virtual currency nodes (e.g. excessive API calls or network spam);
use the CS Wallet in a manner contrary to Your local Laws and regulations.
4. ACCESSING YOUR CS WALLET
Know-Your-Customer verification and due diligence:
To use the Services, You must pass a Know-Your-Customer (KYC) verification and provide all requested information. If there is any reasonable doubt that the information You provide is incorrect, untruthful, outdated or incomplete, Credits is entitled to send You a notification requesting corrections, delete the relevant information directly and, depending on the circumstances, terminate Your access to all or part of the Services. You are solely responsible for any losses or expenses incurred while using Credits Services if you cannot be contacted through the email and/or via the address or phone number provided to Credits. By entering into this Agreement, you acknowledge and agree that you must update all the provided information in case of any changes by sending us an email to email@example.com or by any other means that allow You to securely provide Credits with such information.
By accessing the CS Wallet Service, as well as entering into this Agreement, You authorize Credits to send, directly or through third parties, requests Credits considers necessary to confirm Your identity or protect You and/or Credits from fraud or crimes, as well as to take measures Credits will reasonably find necessary based on the results of such requests.
Since blockchain is an independent public peer-to-peer network and is not controlled in any way or manner by Credits, Credits shall not be responsible for any failure and/or mistake and/or error and/or breach which shall occur in blockchain or in any other networks in which the CS Digital Assets are being issued and/or transferred. You will be bound and subject to any change and/or amendments in the blockchain system and subject to any applicable Law which may apply to the blockchain. We make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the blockchain functionality nor for any breach of security in the blockchain.
Credits does not guarantee that transactions You perform using the CS Wallet shall be stored in any virtual currency blockchain. You must ensure that the transactions You initiate comply with the applicable rules of the virtual currency software You decide to use. There may be transaction fees (e.g. mining fees) associated with Your transactions that are required by the virtual currency system You decide to use. Credits shall not be responsible for any losses You incur due to transaction fees or losses that occur due to incorrectly set amounts of transaction fees.
5. ANTI-MONEY LAUNDERING, COUNTERING FINANCING OF TERRORISM AND KYC POLICY
Credits takes all necessary measures and uses the best standards to comply with all the applicable Laws and regulations regarding combating Money Laundering and Financing of Terrorism. Credits will use reasonable efforts to detect and prevent persons involved in any criminal activity in any jurisdiction from using its Services.
In order to avoid and reduce possible risks of involving Credits in any type of illegal activity, Credits is acting in accordance with its AML/CFT & KYC Policy.
The AML/CFT & KYC Policy of Credits in particular covers the following matters: verification procedures, monitoring and risk assessment, internal controls, compliance officer, training of staff.
If Credits has reasons to believe that the User wishes to perform any suspicious transaction, Credits may, at its discretion: refuse provision of the Services; request additional information confirming the legitimate nature of the transaction; block the User’s access to his or her CS Wallet; terminate the Agreement without prior notice to the User, report to the competent authorities.
By agreeing to this Agreement, You confirm that You own CS Digital Assets legally.
6. THIRD-PARTY INTEGRATIONS AND LIBRARIES
The CS Wallet integrates with third party services. Although the CS Wallet makes it easy to engage with the integrated third parties, the Company shall not be responsible for any consequences stemming from Your use of third party integrated services. If You require assistance with a third party integration then You should contact the third party directly.
The CS Wallet also contains libraries developed by third parties. The Company may provide third party libraries to You as part of the CS Wallet Service but Credits shall not be considered as owner or licensor of these third-party libraries. You should refer to and respect the relevant third party library licenses.
7. REFUND POLICY
Given the irreversibility of transactions on crypto currencies or crypto assets, Credits cannot refund or rewind or chargeback any such transaction or cryptocurrency swap request submitted through the CS Wallet.
8. INTELLECTUAL PROPERTY
This Agreement grants You a limited license to access and use the Credits Services. Therefore, You hereby agree that when You use Credits Services, Credits does not transfer Credits Services or the ownership of intellectual property rights of any Credits intellectual property to You or anyone else. All the text, graphics, user interfaces, visual interface, photos, sounds, process flow diagrams, computer code (including HTML code), programs, software, products, information and documents, as well as the design, structure, selection, coordination, expression, look and feel, and layout of any content included in the Services or provided by Credits are exclusively owned, controlled and/or licensed by Credits or its licensors.
You undertake not to use the Services to perform criminal activity and/or any sort of offenses, including but not limited to, money laundering, illegal operations, unregulated activities, financing terrorist organizations, or malicious hacking. Your use of Credits services should not violate public interests, public morals, or the legitimate interests of any actions that would interfere with, disrupt, negatively affect, or prohibit other Users from using Credits services.
You agree not to use the Services for market manipulation.
Without prior written consent from Credits, You may not modify, replicate, duplicate, copy, download, store, further transmit, disseminate, transfer, disassemble, broadcast, publish, remove or alter any copyright statement or label, or license, sub-license, sell, mirror, design, rent, lease, private label, grant security interests in the properties or any part of the properties, or create their derivative works or otherwise take advantage of any part of the properties.
You may not use any deep linking, web crawlers, bots, spiders or other automatic devices, programs, scripts, algorithms or methods, or any similar or equivalent manual processes to access, obtain, copy or monitor any part of the properties, or replicate or bypass the navigational structure or presentation of Credits Services in any way, in order to obtain or attempt to obtain any materials, documents or information in any manner not purposely provided through Credits Services; attempt to access any part or function of the properties without authorization, or connect to Credits Services or any Credits servers or any other systems or networks of any Credits Services provided through the services by hacking, password mining or any other unlawful or prohibited means; probe, scan or test the vulnerabilities of Credits Services or any network connected to the properties, or violate any security or authentication measures on Credits Services or any network connected to Credits Services; reverse look-up, track or seek to track any information of any other Users or visitors of Credits Services; take any actions that imposes an unreasonable or disproportionately large load on the infrastructure of systems or networks of Credits Services or Credits, or the infrastructure of any systems or networks connected to Credits Services; use any devices, software or routine programs to interfere with the normal operation of Credits Services or any transactions on Credits Services, or any other person’s use of Credits Services; forge headers, impersonate, or otherwise manipulate identification, to disguise Your identity or the origin of any messages or transmissions you send to Credits, or use Credits Services in an illegal way.
You are responsible for any and all damages caused and all liability actions brought against Credits for infringement of any third party rights or violation of any applicable Laws and these ToU.
9. RISK DISCLOSURE
Credits specifically disclaims and shall have no liability for the following risks: operating system failures; interactions between Your hardware, software and the CS Wallet; cloud backup software (e.g. certain Android distributions) may upload your Private Information to third party services; malware, viruses or other malicious software on Your device that is able to take control of or interfere with the CS Wallet; communication delays between Your CS Wallet and a corresponding blockchain node of Your choice or relay service for CS Digital Assets (and vice versa); failure to achieve a certain market value/price for a CS Digital Asset, whether through a third-party service or any other kind of transaction; theft of Your CS Digital Assets.
The features, functions, characteristics, operation, use and other properties of any CS Digital Asset and the software, networks, protocols, systems, and other technology, including the Credits blockchain and other blockchains (hereinafter - “Underlying Technology”) used to administer, create, issue, transfer, cancel, use or transact in any CS Digital Asset may be complex, technical or difficult to understand or evaluate, and Credits has no obligation to provide individual advice or information in respect of any CS Digital Asset, its properties or Underlying Technology. Any CS Digital Asset and its Underlying Technology may be vulnerable to attacks on the security, integrity or operations of a CS Digital Asset or its Underlying Technology, including attacks using computing power sufficient to overwhelm the normal operation of a blockchain or other Underlying Technology. Any CS Digital Asset, its properties or Underlying Technology may change or otherwise cease to operate as expected due to a change made to the Underlying Technology, a change made using features or functions built into the Underlying Technology or a change resulting from an attack. These changes may include, without limitation, a “fork” or “rollback” of a virtual currency or blockchain. Any CS Digital Asset may be canceled, lost or double spent, or otherwise lose all or most of their value, due to forks, rollbacks, attacks, changes to CS Digital Assets or failure of the CS Digital Asset to operate as intended.
Credits may suspend or cease to support the transfer and storage of any CS Digital Asset at any time at Credits’ discretion.
Any CS Digital Asset may decrease in value or lose all of its value due to various factors including discovery of wrongful conduct, market manipulation, changes to CS Digital Asset properties or perceived value of CS Digital Assets, attacks, suspension or cessation of support for a CS Digital Asset by Credits or other exchanges or service providers, and other factors outside the control of Credits. Any CS Digital Asset may decrease in value or lose all of its value due to legislative or regulatory activity, or other government.
10. DISCLAIMER OF WARRANTIES
TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, CREDITS SERVICES, CREDITS MATERIALS AND ANY PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF CREDITS ARE OFFERED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND CREDITS EXPRESSLY DISCLAIMS, AND YOU WAIVE, ANY AND ALL OTHER WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE OR NON-INFRINGEMENT OR WARRANTIES ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE IN CS WALLET. WITHOUT LIMITING THE FOREGOING, CREDITS DOES NOT REPRESENT OR WARRANT THAT THE WEBSITE, CREDITS SERVICES OR CREDITS MATERIALS ARE ACCURATE, COMPLETE, RELIABLE, CURRENT, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. CREDITS DOES NOT GUARANTEE THAT ANY TRANSFER OF CS Digital Asset WILL BE EXECUTED, ACCEPTED, RECORDED. EXCEPT FOR THE EXPRESS STATEMENTS, AGREEMENTS AND RULES SET FORTH IN THESE TERMS, YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE NOT RELIED UPON ANY OTHER STATEMENT OR AGREEMENT, WHETHER WRITTEN OR ORAL, WITH RESPECT TO YOUR USE AND ACCESS OF CREDITS SERVICES. WITHOUT LIMITING THE FOREGOING, YOU HEREBY UNDERSTAND AND AGREE THAT CREDITS WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO: (A) ANY INACCURACY, DEFECT OR OMISSION OF CS Digital Assets PRICE DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, (C) INTERRUPTION IN ANY SUCH DATA, (D) REGULAR OR UNSCHEDULED MAINTENANCE CARRIED OUT BY CREDITS AND SERVICE INTERRUPTION AND CHANGE RESULTING FROM SUCH MAINTENANCE, (E) ANY DAMAGES INCURRED BY OTHER USERS’ ACTIONS, OMISSIONS OR VIOLATION OF THESE TERMS, (F) ANY DAMAGE CAUSED BY ILLEGAL ACTIONS OF OTHER THIRD PARTIES OR ACTIONS WITHOUT AUTHORIZED BY CREDITS; AND (G) OTHER EXEMPTIONS MENTIONED IN DISCLAIMERS AND PLATFORM RULES ISSUED BY CREDITS.
THE DISCLAIMER OF IMPLIED WARRANTIES CONTAINED HEREIN MAY NOT APPLY IF AND TO THE EXTENT IT IS PROHIBITED BY APPLICABLE LAW OF THE JURISDICTION IN WHICH YOU RESIDE.
11. DISCLAIMER OF DAMAGES AND LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL CREDITS, ITS AFFILIATES AND THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS OR CONTRACTORS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR SIMILAR DAMAGES OR LIABILITIES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF DATA, INFORMATION, REVENUE, PROFITS OR OTHER BUSINESSES OR FINANCIAL BENEFITS) ARISING OUT OF CREDITS SERVICES, ANY PERFORMANCE OR NON-PERFORMANCE OF CREDITS SERVICES, OR ANY OTHER PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF CREDITS AND ITS AFFILIATES, WHETHER UNDER CONTRACT, STATUTE, STRICT LIABILITY OR OTHER THEORY EVEN IF CREDITS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES EXCEPT TO THE EXTENT OF A FINAL JUDICIAL DETERMINATION THAT SUCH DAMAGES WERE A RESULT OF CREDITS’ GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT OR INTENTIONAL VIOLATION OF LAW. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
NOTWITHSTANDING THE FOREGOING, IN NO EVENT WILL THE LIABILITY OF CREDITS, ITS AFFILIATES AND THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS OR CONTRACTORS ARISING OUT OF SERVICES OFFERED BY OR ON BEHALF OF CREDITS AND ITS AFFILIATES, ANY PERFORMANCE OR NON-PERFORMANCE OF CREDITS SERVICES, OR ANY OTHER PRODUCT, SERVICE OR OTHER ITEM, WHETHER UNDER CONTRACT, STATUTE, STRICT LIABILITY OR OTHER THEORY, EXCEED THE AMOUNT OF THE FEES PAID BY YOU TO CREDITS UNDER THESE TERMS IN THE TWELVE-MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM FOR LIABILITY. THE COMPANY'S LIABILITY TO YOU SHALL NOT, UNDER ANY CIRCUMSTANCES, EXCEED THE GREATER OF FIVE EUROS.
12. CONTESTS, SWEEPSTAKES AND PROMOTIONS
13. TERMINATION OF AGREEMENT
If Credits is informed that any CS Digital Asset held in Your CS Wallet is stolen or otherwise are not lawfully possessed by You, Credits may place a hold on your CS Wallet. You agree that Credits will have no liability or responsibility for any such hold, or for Your inability to transfer Your CS Digital Assets during the period of any such hold.
Termination by You: these ToU will be of no further force and effect with respect to you if you cease all use of Credits Services. Your personal and transaction information that meet data retention requirements will be securely stored for 5 years.
These ToU and the relationship of the parties regarding the Services will be governed by and construed in accordance with the Laws of the British Virgin Islands without reference to conflict of law or choice of provisions of the law, and the parties unconditionally submit to the exclusive jurisdiction of the courts of the British Virgin Islands to resolve any dispute (including claim procedure, lawsuit) regarding these ToU.
You can use our Services only if You can lawfully enter into this Agreement with Credits under applicable Law. If You use Credits Services, you agree to do so in compliance with ToU and with applicable Laws and regulations. You are solely responsible for understanding and complying with any and all Laws, rules and regulations of Your specific jurisdiction that may be applicable to You in connection with the use of any and all Services.
Credits is not an agent of You in the performance of these ToU. These ToU shall not be interpreted as facts or evidence of an association, join venture, partnership, or franchise between the parties.
These ToU, as well as any other additions, attachments, changes, conditions or documents included in this document, constitute the entire Agreement between the parties and constitute a public offer agreement. In the event of a conflict between the provisions of these ToU or any other additions, conditions and documents, the provisions of these ToU shall prevail to the extent that such a contradiction exists.
These ToU supersede all prior and contemporaneous understandings between the parties regarding Credits Services.
You may not assign or transfer any of Your rights or obligations under these ToU without prior written consent of Credits, including any right or obligation related to the enforcement of Laws or the change of control. We may assign or transfer any or all of its rights or obligations under these ToU, in whole or in part, without obtaining Your consent or approval.
Force Majeure: Credits shall have no liability for any failure or delay resulting from any condition beyond our reasonable control, including but not limited to governmental action or acts of terrorism, earthquake, fire, flood, or other acts of God, labor conditions, power failures, equipment failures, and Internet disturbances.