Terms and Conditions

 

1. Scope of Application

These Terms and Conditions («Terms») govern the use of the w3coins (WEB3 VALIDATOR) website www.w3coins.io, including all its subdomains, as well as any other services and domains provided by WEB3 VALIDATOR. By accessing and using our services and/or website, you confirm that you can understand and communicate in English and that you accept these Terms and Conditions in the English language.

Before utilizing any of the w3coins services, websites, or subdomains, please carefully read and comprehend these Terms and Conditions. By using our services and/or website, you acknowledge that you have read, understood, and agreed to abide by these Terms.

1.1. Definitions

The terms «We,» «Us,» «Our,»  «w3coins» refer to the company WEB3 VALIDATOR.

The terms «Our Website,» «Website,» refer to the website www.w3coins.io and all its subdomains, as well as any other domains registered by WEB3 VALIDATOR.

The terms «Service,» «Services,» «Our Service,» and «Our Services» encompass all the services provided by WEB3 VALIDATOR, including but not limited to our website, subdomains, infrastructure services, bots, code, information, and marketing material.

The terms «You,» «Your,» «Customer,» and «User» refer to the natural person identified or identifiable who uses all or parts of Our Services or Our Website.

The term «Staking» or «Delegating» denotes the act of locking a certain amount of Cryptocurrencies with a Validator for a specific period to secure the Blockchain network economically.

The term «Stake» or «Delegation» represents the amount of Cryptocurrencies that have been Staked or Delegated.

The term «Staker» or «Delegator» refers to the entity engaging in Staking or Delegating.

The term «Blockchain» pertains to a digital, distributed, and immutable ledger that records transactions and tracks assets across a network of independent clients.

The term «Validator» signifies the nodes that contribute to the consensus of a Blockchain. Validators are randomly chosen to propose blocks and must possess a certain amount of Staked assets to participate in a Blockchain network.

The term «IBC-Relayer» or «Relayer» refers to an entity or process responsible for relaying information between different Blockchain networks.

The term «Cryptocurrency» denotes a digital currency and/or digital tokens generated and calculated by a Blockchain network using cryptographic proofs.

The term «Reward» indicates the return on investment of a specific Cryptocurrency received by eligible Stakers or Delegators who have Staked or Delegated that Cryptocurrency to a Validator. Rewards are distributed by the Blockchain’s distribution module, not the Validator.

The term «Slashing» refers to the penalty of deducting and annihilating a percentage of Delegated Cryptocurrencies when a Validator becomes inactive or violates the ruleset of Byzantine Fault Tolerance.

The term «Jailing» signifies the removal of a Validator from the set of active Validators in a Blockchain network due to downtime or misconduct according to the Blockchain’s ruleset. Jailing is conducted by the Blockchain itself, which monitors Validator activity. A Jailed Validator does not earn any Staking Rewards.

The term «Governance» denotes an on-chain process that allows Stakers or Delegators to participate in governing a Blockchain network and make protocol-level decisions. The voting power of a Delegator corresponds to the ratio of their Delegated Cryptocurrencies. Validators have the right to vote with their full Delegated voting power.

The term «Governance Proposal» or «Proposal» refers to an on-chain proposal utilizing the Governance module. During a defined voting period, Validators, as well as Stakers or Delegators, can actively vote for or against a proposed change.

The term «Unbonding» or «Undelegating» signifies the action of releasing Cryptocurrencies from a locked state with the Validator as a Stake.

The term «Unbonding Time» denotes the duration for which Cryptocurrencies remain locked with the Validator after a Customer has Undelegated («Unbonded») them. The specific Unbonding Time is determined by the ruleset of the Blockchain.

By using Our Services and Our Website, you indicate your consent to these General Terms and Conditions and Our Privacy Policy. Additionally, by using Our Services and Our Website, you confirm that you have reached the legal age required in your country of jurisdiction to enter into binding contracts and that you possess the necessary competence to do so. Furthermore, you confirm that the use of Our Services complies with the laws and regulations of your country of jurisdiction and that it does not necessitate any registration by Us within your country or jurisdiction. Please note that when using Our Services and/or Our Website, you are solely responsible for complying with your local laws. We reserve the right to cancel Our Services if we have reasonable grounds to believe that you fail to meet any of the aforementioned requirements.

Contracting party

WEB3 VALIDATOR

The company number is 2127240

Company headquarters: Intershore Chambers, Road Town, Tortola, British Virgin Islands

If You have any questions concerning Our General Terms and Conditions, Our Privacy Policy or Our Services, please contact Us via email: info@w3coins.io.

We reserve the right to amend the Terms at any time without further notice, these changes will be effective from the publication of the new Terms on the w3coins Website. When You use Our Services and/or Our Website, the contract between You and Us will be subject to the current version of these Terms as published on Our Website. If these Terms are not available on Our Website for any reason, the last published version of these Terms shall apply.

If You do not comply with Our Terms and Conditions or Our Privacy Policy, do not use Our Website and/or Our Services. We reserve the right to change, modify, amend as well as add or remove parts of these Terms at any time without further notice. Please check Our Terms and Conditions and Our Privacy Policy frequently for any changes before using it. If You continue using Our Website and/or Our Services after published updates You hereby accept and agree to the current Terms which are on Our Website.

 

2. Services & Website

2.1. Blockchain Validation

w3coins offer, operate, and maintain Validator Nodes consisting of hardware and software to enhance the security of selected Blockchains. We provide customers with the option to Stake their Cryptocurrencies with our Validator nodes on specific Blockchains. By Staking Cryptocurrencies, users become eligible to receive Staking Rewards, which are distributed by the respective Blockchain’s distribution module, not the Validator. w3coins may deduct a commission from the accrued Rewards as a fee for our Services. The commission rate is subject to change without prior notice. Please note that Staking Rewards can fluctuate significantly and frequently due to various factors, including the amount of Staked Cryptocurrencies on the network.

2.1.2. Unbonding Time

Delegated Cryptocurrencies may have an associated Unbonding Time determined by the specific rules of the Blockchain. It’s important to understand that during the Unbonding Time (which varies across different Blockchains), users will not be able to utilize, transfer, or sell their Cryptocurrencies. w3coins have no control over these Unbonding Times and shall not be liable for any losses or complications arising from customers’ decision to Unbond their Cryptocurrencies.

2.1.3. Governance Decisions

As a Validator, w3coins can exercise their full pool of Delegations (Voting Power) to participate in Governance Proposals on a Blockchain. w3coins engage in research and discussions to make decisions in the best interest of their Delegators. If a Delegator disagrees with their Validator’s decision on a particular Proposal, they have the option to override the Validator’s vote by casting their own vote. w3coins cannot be held accountable for any voting decisions or outcomes of Governance Proposals on any Blockchain. The responsibility for Governance voting solely rests with the Customer. Voting on behalf of Delegators is a service provided by w3coins and can be overridden by the Customer at any time. While active participation in Governance aligns with our vision, w3coins are not obligated to vote on every Proposal and cannot be held responsible for not voting.

2.1.4. Slashing Risk

While w3coins strive to operate at their best and serve their Customers diligently, there is always a minimal risk of Slashing. Slashing can occur if unexpected errors occur in a Validator’s hardware or software, leading to the Validator being shut down without any action from the Validator. After a designated period called the «Slashing Window,» the Validator becomes Jailed (rendered inactive), and a portion of the Delegated Cryptocurrencies will be permanently deducted (Slashed). Additionally, no further Rewards will be paid to Delegators of the Slashed Validator as long as it remains inactive. The specific fraction of Slashing is determined by the Blockchain’s ruleset, and once Slashed, the deducted Stakes cannot be revoked or refunded by w3coins. To mitigate the risk of Slashing, w3coins_ employ multiple fallback levels, advanced monitoring systems, and incident response mechanisms. However, w3coins cannot be held liable for issues such as double signing, Jailing, inactivity, or instances of Slashing. The responsibility for selecting a trusted Validator for Delegating Cryptocurrencies lies with the Customer.

2.2. Infrastructure Services

We provide access to various data exchange interfaces (such as LCD, RPS, JSON-HTTP, gRPC, or REST-API endpoints) that may record and store your IP address for up to a year. This data is analyzed to ensure the effectiveness of our systems. These services can only be accessed through dedicated and explicitly specified subdomains of our website.

The data exchange interfaces are intended for use by experienced customers with coding knowledge. By using these services, you consent to the storage of your IP address for the aforementioned purposes. If you do not wish to have your IP address stored and would like us to delete it, please contact our customer support at info@w3coins.io.

w3coins cannot be held responsible for any incorrect information, corrupted or false data displayed, processed, or used on the Infrastructure Services, or for any financial losses, revenue losses, reward losses, delays, or any other issues related to our website, services, or content. The illegal or malicious use of w3coins. Infrastructure and/or Services are strictly prohibited.

2.3. IBC Relaying

w3coins provide the necessary hardware and software for relaying IBC (Internet of Blockchains) transactions. IBC transactions involve the exchange of data packets between specific Blockchains through inter-blockchain communication channels, which are managed by Relayers. w3coins maintain and manage some of these IBC channels. The relaying of IBC transactions is automatically performed by the fastest operator, and w3coins have limited control over which transactions are relayed. A transaction fee may be charged by w3coins for processing IBC transactions. w3coins are not responsible for any faulty, unprocessed, or unexecuted IBC transactions and will not provide refunds for any losses or damages incurred as a result.

2.4. Website & Services

w3coins cannot guarantee the accuracy, truthfulness, or reliability of the information provided on our website or through our services. We reserve the right to modify, add, or remove parts of our website, services, terms and conditions, and privacy policy without prior notice.

Our website may contain outgoing links to third-party websites, including social media platforms such as Instagram, Facebook, Twitter, Google, Reddit, YouTube, TikTok, GitHub, Telegram, and Medium. To access the content on these linked websites, you may be required to accept their specific terms and conditions and privacy policies. We do not have control over or responsibility for the content, policies, terms and conditions, etc., of these third-party websites.

2.5. Support

We have a dedicated support team that can be contacted via email at info@w3coins.io. We aim to respond to every legitimate email promptly. However, we reserve the right not to respond to emails that appear to contain spam, phishing attempts, financial advice, harmful content, or any other dubious content.

2.6. Availability

The availability of our website and services cannot be guaranteed by w3coins at all times. We may need to update, monitor, redesign, or modify parts or all of our website and/or services. You acknowledge that w3coins will not be held responsible for any losses, damages, or inconveniences due to the unavailability of our website or services, whether in part or in full. w3coins reserves the right to modify or terminate all of our services and/or shut down our operations completely without prior notice or explanation, and we will not be held liable for any resulting damages, losses, or inconveniences. We are not obligated to provide updates, releases, or corrections to our existing content, website, services, or other aspects.

2.7. Disclaimer

Any information provided on our website, through our social media profiles or channels, or by our services should never be interpreted as financial advice. The financial decisions you make are your sole responsibility. w3coins cannot be held responsible for any purchases or losses incurred by the customer.

w3coins cannot guarantee the accuracy of any information provided in social media posts, third-party websites, guest appearances in online events, or through direct communication or marketing materials such as graphics, videos, flyers, folders, posters, stickers, etc.

w3coins, their affiliates and their employees cannot be held liable for any damages, claims, or losses resulting from your access to our website and/or services or any other issues related to the offered services, website, or content provided by w3coins at any time.

w3coins may provide links to third-party websites or content. We cannot be held responsible for the content or services provided on those third-party websites. Furthermore, w3coins cannot be held liable for any losses directly or indirectly caused by the content or services available on those third-party websites.

 

3. Customer Obligations

By using our website and/or any of our services, you agree to fulfill the following obligations and accept the associated liability, responsibility, and accountability as described below.

You confirm that you are legally permitted to use our services according to laws and regulations of your jurisdiction and that your usage does not subject us to any registration requirements within your country. It is your sole responsibility to comply with local laws when using our services and/or website. You agree not to use any of our services, website, software, or hardware for illegal, unauthorized, or malicious purposes. You acknowledge and confirm that your usage of our services and/or website will not violate any existing agreements or contracts. Furthermore, by using our services and/or website, you warrant that you are not subject to any economic sanctions, trade embargoes, trade restrictions, or prohibitions.

You are solely responsible for paying taxes on your cryptocurrencies, staked cryptocurrencies, claimed staking rewards, and earnings from cryptocurrencies, as well as ensuring the proper custody of your cryptocurrencies according to relevant local and national laws of your jurisdiction.

3.1. IBC Transactions

You are solely responsible for the proper and accurate execution of your IBC transactions. w3coins will not be held liable for any issues or losses related to IBC transactions, and refunds will not be provided. w3coins will also not be held responsible for the duration, speed, or availability of transactions or any other issues related to the IBC services offered. If w3coins implement transaction fees as default for IBC transactions, you agree to the charging of such fees. It is entirely at your discretion to decide whether and how many of your cryptocurrencies and the amount of cryptocurrency you wish to transfer through IBC relaying.

3.2. Staking

The decision to stake your cryptocurrencies with w3coins, including the amount and selection of cryptocurrencies, is entirely up to you. You have full control over how you utilize your cryptocurrencies and whether you choose to use the staking service or any other service provided by w3coins. It is your responsibility to stay informed and adapt your actions in response to any changes in operations or services, as well as unforeseen events such as slashing, downtime of validator nodes, service unavailability, commission changes, significant fluctuations in rewards, or halted blockchains.

3.3. Infrastructure Services

By using any of our infrastructure services, you acknowledge that w3coins cannot be held responsible for the accuracy, processing, or use of any incorrect data. As with any IT infrastructure, downtime or performance issues may occur unexpectedly. w3coins will not be held liable for any losses or damages arising from such service disruptions. You confirm that you will not use w3coins infrastructure services for any illegal purposes or with malicious intent.

3.4. Prohibited Actions

You confirm that you will not engage in any actions that disrupt, interfere with, unauthorizedly access, or damage any part of our services, website, hardware, software, network, or equipment. This includes any actions that harm our ability to provide services, operate our systems, or compromise the functionality of our technical equipment, code, hardware, or software. Unauthorized attempts to access our private keys, distributed denial-of-service (DDoS) attacks, malware attacks, or any other action that inhibits or alters our services are strictly prohibited and considered a violation of these terms. Additionally, you agree not to spread any misinformation about our company, employees, services, website, or operations.

3.5. General Risks

You acknowledge that the usage of blockchains, cryptocurrencies, and related services entails general risks and limitations, such as malicious attacks, fraudulent transactions, scams, hacks, phishing, vulnerable coding, poorly designed systems, and experimental software. Any usage of blockchains, cryptocurrencies, and related services is done at your own risk. You understand that w3coins cannot be held liable for any losses or damages resulting from your financial decisions, service malfunctions, hardware or software issues, third-party services, blockchain network malfunctions, accidental double signing, slashing, vulnerable coding, human error, scams, malicious attacks, or poorly designed systems.

You also acknowledge that linked third-party websites or services have their own privacy policies, terms and conditions, and terms of use, which you should carefully read and accept before using those websites or services. w3coins cannot be held liable for any losses directly or indirectly caused by the content or services available on those third-party websites.

 

4. Other important terms

4.1. In the event that any court or relevant authority determines that any paragraph of these Terms and Conditions is unlawful, the remaining paragraphs will remain in full force and will not affect the validity and enforceability of any remaining paragraph. Each paragraph of these Terms and Conditions operates separately.

4.2. w3coins are not responsible and will not be held liable for any damages, losses, or impairments of any kind caused by any Blockchain, network, or smart contract that we offer complementary services to, including Validators. We have no way of verifying the information provided by these third parties. You are solely responsible for your decisions and actions regarding these Blockchains, networks, and smart contracts.