QRDO Staking - Terms and Conditions
1.1 These Terms and Conditions ("Terms") govern your use of QRDO Staking provided by Qredo Finance Ltd, a company incorporated and registered in the British Virgin Islands, with its registered office at Floor 4, Willow House, Cricket Square, Grand Cayman KY1-9010, Cayman Islands ("Company" or "Qredo").
1.2 By using QRDO Staking, you agree to be bound by these Terms. If you do not accept these Terms, you must not use QRDO Staking.
1.3 Users have the choice to opt out of the QRDO Staking at any time via their account options. Upon opting out, the user's QRDO tokens will no longer accrue rewards, and the user will cease to participate in the staking program.
1.4 Qredo does not impose any penalty or lock-up period for users who choose to opt out of the QRDO Staking. Users maintain full control and access to their QRDO tokens and may withdraw or utilize them as desired after opting out.
1.5 We reserve the right to change, modify, or update these Terms anytime. We will notify you of any material changes by posting the revised Terms on our website or through other electronic communication. Your continued use of QRDO Staking after any changes to the Terms constitutes your acceptance of the updated Terms.
2. QRDO Staking
2.1 QRDO Staking allows users to stake their QRDO tokens on the Qredo platform in exchange for rewards based on the staking period and other applicable terms.
2.2 Eligibility - To be eligible to use any of the Services, you must be at least 16 years old and reside in a country in which the relevant Services are accessible (for more information see clause 2.3).
2.3 Please note that not all Services are available in every country. In particular, you may not use or download the Services if 1) you are in, under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, or Syria or any other country subject to United States embargo, UN sanctions, HM Treasury’s financial sanctions regime, or if you are on the U.S. Treasury Department’s Specially Designated Nationals List or the U.S. Commerce Department’s Denied Persons List, Unverified List or Entity List, or HM Treasury’s financial sanctions regime; or (2) you intend to supply any Services to Cuba, Iran, North Korea, Sudan or Syria or any other country subject to United States embargo or HM Treasury’s financial sanctions regime (or a national or resident of one of these countries), or to a person on the Specially Designated Nationals List, Denied Persons List, Unverified List, Entity List, or HM Treasury’s financial sanctions regime.
2.4 To use QRDO Staking, you must create an account with Qredo Services Ltd and comply with the account registration and verification processes.
2.5 You are responsible for the security of your account, including safeguarding your login credentials and other sensitive information.
3. Staking and Rewards
3.1 Qredo's staking mechanism allows users to earn rewards based on the amount of QRDO tokens staked on the platform. The rewards are determined by factors such as the staking period, the number of tokens staked, and other criteria established by Qredo.
3.2 Users may withdraw their QRDO tokens from their wallet anytime without penalty or lock-up period.
3.3 Qredo reserves the right to modify the staking terms and rewards structure at any time. We will notify you of any material changes to the staking terms or rewards structure by posting updates on our website or through other electronic communication.
4. Risks and Liability
4.1 Staking involves risks, including the potential loss of staked tokens, changes in token value, and the possibility of reduced or no rewards. You acknowledge and agree that you fully understand and accept these risks.
4.2 Qredo is not liable for any losses or damages arising from your use of QRDO Staking, including but not limited to losses resulting from changes in token value or the unavailability of staked tokens.
5.1 It is your responsibility to determine what if any, taxes apply due to your use of QRDO Staking. You are responsible for reporting and remitting the correct tax to the appropriate tax authority. Qredo is not responsible for determining whether taxes apply to your staking activities or for collecting, reporting, withholding, or remitting any taxes arising from virtual currency transactions.
6.1 Qredo reserves the right to suspend or terminate your access to QRDO Staking at any time for any reason, including but not limited to breaches of these Terms or any applicable laws.
7. Governing Law and Dispute Resolution
7.1 These Terms and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed under the laws of the British Virgin Islands.
7.2 You and Qredo agree to submit to the exclusive jurisdiction of the courts of the British Virgin Islands to resolve any dispute, claim, or controversy arising out of or in connection with these Terms or your use of QRDO Staking.
8.1 Force Majeure - If by reason, in whole or in part, of any Force Majeure Event, either you or Qredo is delayed or prevented from complying with these Terms, then such delay or non-compliance shall not be deemed a breach of these Terms. You or Qredo shall claim no loss or damage by reason thereof.
"Force Majeure Event" means any event beyond the party's reasonable control, including, but not limited to, flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, the action of government, communications, power failure, failure in bank performance, or equipment or software malfunction, including network splits or "forks" or unexpected changes in a computer network upon which QRDO Staking relies.
8.2 Contact Information - For any purpose other than technical support requests, you may contact us by email, which should be sent to [email protected].
8.3 Language - These Terms are written in English (U.K.). Any translated version is provided solely for your convenience. To the extent any translated version of these Terms conflicts with the English version, the English version controls.