1. Acceptance of Terms
By using HashWhale’s services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions and any related policies or documents.
If you do not agree with any part of these Terms, please immediately stop using HashWhale’s services.
2. Scope of Services
These Terms govern your use of HashWhale’s services, including fixed-yield options.
In case of any conflict between these Terms and other documents, these Terms shall prevail regarding HashWhale’s services.
HashWhale reserves the right to modify these Terms at any time. Such modifications become effective upon publication on the official website or other official communication channels.
3. Provision of Assets
By subscribing to HashWhale’s services, you provide digital assets (the “HashWhale Assets”) in exchange for potential rewards (the “HashWhale Rewards”).
Rewards are not guaranteed, and the applicable rates and durations may vary.
HashWhale Assets are pooled and may be commingled with assets of other users. You are entitled to receive an equivalent amount and type of asset upon redemption, but not the exact same asset provided.
3.1 Legal Ownership
You represent and warrant that you are the lawful owner of all digital assets provided to HashWhale, free of any liens, claims, or encumbrances.
3.2 Legal Compliance
You confirm that the provision and use of assets comply with all applicable laws and regulations in your jurisdiction.
4. Use of Assets
HashWhale may utilize your assets for various purposes, including staking, liquidity provision, or lending.
While strict risk management measures are implemented, these activities inherently carry risks.
In exceptional circumstances (e.g., hacking, technical failure, or counterparty default), HashWhale may be unable to return assets in full.
4.1 Risk Disclosure
You acknowledge that digital asset services carry inherent risks. HashWhale does not guarantee the safety, value, or return of managed assets.
4.2 Force Majeure
HashWhale shall not be liable for failure to perform obligations due to events beyond reasonable control, including but not limited to:
Governmental actions: Changes in laws, regulations, or restrictions.
Cybersecurity incidents: Large-scale attacks, unauthorized access, or other malicious activities.
Technical failures: Unexpected failures of systems, software, or infrastructure.
Market disruptions: Severe volatility, trading halts, or market closures.
Natural disasters: Earthquakes, floods, or other catastrophic events.
5. User Responsibilities
You acknowledge and accept the risks associated with HashWhale services. You are solely responsible for determining whether these services are appropriate for your financial situation and objectives.
5.1 Accuracy of Information
You must provide accurate and up-to-date information when subscribing to HashWhale’s services.
HashWhale will not be liable for losses or damages arising from inaccurate or incomplete information.
5.2 Prohibited Activities
You shall not use HashWhale’s services for any illegal purposes, including but not limited to money laundering, fraud, or terrorism financing.
HashWhale reserves the right to suspend or terminate your account and report suspicious activities to relevant authorities.
6. Participation in HashWhale Services
When providing assets, you must confirm the asset type and amount, applicable reward rate, and whether you are subscribing to a fixed-yield plan.
HashWhale reserves the right to reject or return assets, impose limitations, or modify service terms.
6.1 Service Availability
HashWhale’s services may not be available in certain jurisdictions. You are responsible for ensuring compliance with your local laws.
7. Fixed-Yield Terms
7.1 Lock-in Period
Assets within a fixed-yield plan will be locked for a predetermined duration and cannot be redeemed before maturity.
7.2 Rewards
Accumulation: Rewards accrue from the second day of subscription and are distributed periodically.
Calculation: Based on the daily balance, calculated on a simple interest basis (non-compounding).
Rates may change unless explicitly stated as fixed.
7.3 Redemption
Early redemption results in forfeiture of accumulated rewards.
In exceptional cases, redemption may be delayed due to operational constraints.
8. Auto-Renewal
You may enable automatic renewal for fixed-yield plans and modify such instructions before the renewal date.
HashWhale reserves the right not to execute renewal instructions at its discretion.
9. Special Programs
HashWhale may allocate assets to special programs, such as liquidity pools or promotional events.
Such allocations are subject to additional terms, but assets remain redeemable according to HashWhale’s general terms.
10. Reward Rate Adjustments
HashWhale’s reward rates are variable and subject to change.
Displayed rates are for reference only and do not constitute guarantees.
HashWhale bears no responsibility for losses resulting from rate fluctuations.
11. Reporting and Valuation
You may access detailed reports of your assets and rewards via your account dashboard.
Valuations are based on current market prices.
11.1 Audit Rights
HashWhale reserves the right to review account activity for compliance.
Failure to comply may result in account suspension or termination.
12. Dispute Resolution and Governing Law
Disputes arising from the use of HashWhale’s services shall be governed by the laws specified in HashWhale’s Terms of Use.
12.1 Arbitration Clause
All disputes shall be resolved through binding arbitration under the rules designated by HashWhale.
By accepting these Terms, you waive the right to participate in any class action or collective litigation.
13. Definitions
Fixed Yield: A service providing rewards for assets locked over a specified term.
HashWhale Rewards: Potential earnings generated through participation in HashWhale services.
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