Legal and Privacy
Credits Earn Interest Program
Date: 13 September 2024 #2
These Credits Earn Interest Program General Terms and Conditions (“General Terms”) govern the contractual relations between you (“Client” or “you”) and any holding company, subsidiary, or entity belonging to the Credits group of companies (“Credits” or “we”). Hereinafter, you and Credits are separately referred to as “Party” and jointly as “Parties” with regard to your use of the Credits Earn Interest Program, and constitute a legally binding agreement (“Agreement”) between the Parties.
INTEREST RATES:
ASSETS AND INTEREST RATES:
Tether (USDT): up to 20%
Bitcoin (BTC): up to 12%
Ethereum (ETH): up to 12%
USD Coin (USDC): up to 20%
CS Coin (CS): up to 30%
Euro (EUR): up to 20%
INTEREST ACCRUAL:
- ACCRUAL FREQUENCY: Interest may be accrued daily, weekly, monthly, or annually, depending on the terms of the selected program.
- ACCRUAL OPTIONS: Accrued interest can be credited to the CLIENT'S main account or retained in the deposit account to increase the total deposit amount.
CONDITIONS OF USE:
- DEPOSIT REPLENISHMENT: Clients may replenish deposits at any time, which increases both the total deposit amount and the potential yield.
- EARLY TERMINATION: Clients can opt for early redemption without losing any accrued interest, provided they meet a minimum participation period in the program.
- INTEREST RATE CHANGES: Changes to interest rates are applicable only to new deposits; active deposits maintain a fixed rate for the entire term.
LIMITATION OF LIABILITY:
THE CREDITS EARN INTEREST PRODUCT IS PROVIDED ‘AS IS’ AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED, OR STATUTORY, EXCEPT AS EXPRESSLY PROVIDED IN THESE GENERAL TERMS, TO THE EXTENT PERMITTED BY APPLICABLE LAW. CREDITS DISCLAIMS ALL OTHER REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, MADE TO YOU, YOUR AFFILIATES OR ANY THIRD PARTY, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES REGARDING QUALITY, SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE OF ANY SERVICE OR ANY GOODS PROVIDED INCIDENTAL TO THE CREDITS EARN INTEREST PROGRAM UNDER THESE GENERAL TERMS. CREDITS LIABILITY IN RESPECT OF THE REPRESENTATIONS AND WARRANTIES, WHICH CANNOT BE EXCLUDED, IS LIMITED TO ANY OF THE FOLLOWING OPTIONS CHOSEN BY CREDITS, AT OUR SOLE AND ABSOLUTE DISCRETION:
RE-SUPPLYING, REPLACING OR REPAIRING THE CREDITS EARN INTEREST PROGRAM IN RESPECT OF WHICH THE BREACH OCCURRED; OR
PAYING THE COST OF THE RE-SUPPLYING, REPLACEMENT OR REPAIRING OF THE CREDITS EARN INTEREST PROGRAM IN RESPECT OF WHICH THE BREACH OCCURRED.
1. NOTWITHSTANDING ANY PROVISIONS IN THESE GENERAL TERMS, IN NO EVENT SHALL WE OR ANY OF OUR REPRESENTATIVES OR PARTNERS BE LIABLE TO YOU FOR ANY LOSSES, DAMAGES OR CLAIMS:
1.1. DUE TO AN UNUSUAL OR UNFORESEEABLE EVENT OUTSIDE OUR REASONABLE CONTROL, THE CONSEQUENCES OF WHICH COULD NOT HAVE BEEN AVOIDED EVEN IF ALL DUE CARE HAD BEEN EXERCISED (E.G. FORCE MAJEURE, INCLUDING ACTS OF GOD, WAR OR CIVIL UNREST, DISASTERS, ACTS OF DOMESTIC OR FOREIGN COURTS AND GOVERNMENTAL AUTHORITIES, STRIKES, LOCKOUTS, LABOUR DISPUTES, TERRORIST ACTS, RIOTS);
1.2. ARISING FROM OR IN CONNECTION WITH:
1.2.1. ANY DELAY, SUSPENSION, DISCONTINUATION, INTERRUPTION OF THE CREDITS PLATFORM OR THE CREDITS EARN INTEREST PROGRAM;
1.2.2. FAILURE OR INTERRUPTION IN PUBLIC OR PRIVATE TELECOMMUNICATION NETWORKS, COMMUNICATION CHANNELS OR INFORMATION SYSTEMS;
1.2.3. ACTS OR OMISSIONS OF ACTS OF A PARTY FOR WHOM WE ARE NOT RESPONSIBLE;
1.2.4. DELAY, FAILURE OR INTERRUPTION IN, OR UNAVAILABILITY OF, THIRD-PARTY SERVICES;
1.2.5. ANY REFUSAL TO PROCESS OR AUTHORIZE, OR ANY REVERSAL OF, ANY TRANSACTION FOR ANY REASON;
1.2.6. YOUR INABILITY TO EFFECT OR COMPLETE ANY TRANSACTION DUE TO SYSTEM MAINTENANCE, BREAKDOWN OR NON-AVAILABILITY OF THE CREDITS PLATFORM OR THE CREDITS EARN INTEREST PROGRAM;
1.2.7. ANY UNAUTHORIZED OR INELIGIBLE USE OF THE CREDITS EARN INTEREST PROGRAM CONTRARY TO THESE GENERAL TERMS;
1.3. DUE TO COMPLIANCE WITH ANY APPLICABLE LAW, COURT ORDERS OR ACTS OF ANY GOVERNMENTAL AUTHORITY;
1.4. RESULTING FROM HACKING, TAMPERING, COMPUTER VIRUS TRANSMISSION OR OTHER UNAUTHORIZED ACCESS OR USE OF THE CREDITS EARN INTEREST PROGRAM, YOUR CREDITS ACCOUNT OR ANY INFORMATION CONTAINED THEREIN.
2. NOTWITHSTANDING ANY PROVISIONS IN THESE GENERAL TERMS, IN NO EVENT SHALL WE BE LIABLE TO YOU FOR ANY TYPE OF INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO LOST REVENUE, LOST PROFITS, REPLACEMENT GOODS, LOSS OF TECHNOLOGY, LOSS OF DATA, OR INTERRUPTION OR LOSS OF USE OF SERVICE OR EQUIPMENT, REGARDLESS OF WHETHER SUCH DAMAGES BEING DIRECT OR INDIRECT, FORESEEABLE OR UNFORESEEABLE, OR EVEN IF YOU HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND WHETHER ARISING UNDER THEORY OF CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
3. IN NO EVENT WILL OUR AGGREGATE LIABILITY FOR ANY LOSS OR DAMAGE ARISING IN CONNECTION WITH THE CREDITS EARN INTEREST PROGRAM AND THESE GENERAL TERMS EXCEED THE FEES YOU PAID TO CREDITS FOR YOUR USE OF THE CREDITS EARN INTEREST PROGRAM DURING THE 12-MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT, GIVING RISE TO THE CLAIM FOR LIABILITY, IF ANY. THE ABOVE SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY THE RELEVANT APPLICABLE LAW.
4. WE SHALL NOT BE LIABLE FOR ANY FAULT ON THE PART OF ANY THIRD-PARTY SERVICE PROVIDER INSTRUCTED BY US. IN ANY SUCH CASES OUR LIABILITY WILL BE LIMITED TO USING REASONABLE CARE IN THE SELECTION, APPOINTMENT AND INSTRUCTION OF SUCH THIRD-PARTY SERVICE PROVIDERS (BUT NOT OF ANY SUB-CONTRACTOR OR OTHER THIRD PARTY SUCH A THIRD-PARTY SERVICE PROVIDER MAY USE).
5. NOTHING IN THESE GENERAL TERMS SHALL OPERATE TO LIMIT OR EXCLUDE ANY LIABILITY FOR FRAUD OR GROSS NEGLIGENCE.