Welcome to Velixor! By using our platform, you agree to the following terms of service.
1. You must be at least 18 years old to use Velixor.
2. You are responsible for maintaining the security of your account.
3. All trades are final and irreversible.
4. Velixor is not responsible for losses due to market volatility.
5. You agree not to use Velixor for any illegal activities.
6. We reserve the right to suspend or terminate accounts at our discretion.
7. Please review our full terms for more details.
Trading of Digital Assets (as defined below) involves significant risk and may not be suitable for all investors. The value of Digital Assets may fluctuate significantly on any given day and may be affected by external factors such as financial or political events. The volatile and unpredictable fluctuations in price may result in significant losses, including possible total loss of your investment over a short period of time. It is your responsibility to consider whether buying, selling or holding Digital Assets is suitable for you in light of your financial circumstances.
Digital Assets activities conducted in certain jurisdictions may be unregulated or subject to limited regulations. Any regulatory changes or actions by any applicable authorities that are not connected to Velixor may adversely affect the use, transfer, exchange and value of a Digital Asset. The domestic government of a user may make it illegal for the user to trade Digital Assets.
You should read our Risk Disclosure carefully for further information on the risks associated with accessing the Platform and/or using the Services. It does not, however, explain all of the risks that may arise, or how such risks relate to your own circumstances. You should fully understand the risks involved before accessing the Platform and/or using the Services.
Velixor has no fiduciary relationship or obligation to you in connection with any Transactions (as defined below) or other activities you undertake when using the Services. We are not your broker, intermediary, agent or advisor and we do not provide financial, investment or consulting advice of any kind and no communication or information that we provide to you is intended as, or should be construed as, advice of any kind.
You expressly acknowledge that the use of the Services is at your own risk, based on your own independent review and assessment of its suitability for you, taking into account your specific investment objectives, financial situation, risk tolerance, investment experience, knowledge and needs. You are responsible for any loss or liability. We make no recommendations that any Digital Asset should be bought, earned, sold or held. Please conduct your own due diligence and if necessary, consult your financial, tax and other advisers before buying, selling or holding any Digital Asset. Velixor takes reasonable measures to provide accuracy of information on the Website. We will not be responsible or liable for any losses you make in relation to the buying, selling or holding of Digital Assets, including, without limitation, any losses which may arise directly or indirectly from use of or reliance on such information provided by us.
In these Terms, unless context otherwise requires, the following words and expressions shall have the following meanings respectively ascribed to them:
Account means any accounts or sub-accounts which Velixor maintains for you.
Account Credentials means your account details, username, passwords, personal identification numbers, API keys, API secret keys, or any other codes or forms of authentication that you use to access your Account or the Services or to send Instructions.
Account History means the written record, including the electronic records, of your Transactions and your Account.
Affiliates means a person, entity or company directly or indirectly, controlling, controlled by or under direct or indirect common control with another person, entity or company.
Airdrop means a distribution or attempted distribution by a Digital Asset network of any Digital Asset to Digital Asset addresses of a supported network.
API means an application program interface provided by Velixor or its Affiliates, or third-party applications relying on such API.
Applicable Law means all relevant or applicable statutes, laws, principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, by-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations issued by any governmental or regulatory authority, that are applicable to the provision, receipt or use of the Services, or any other products or deliverables provided, used or received in connection with the Services, these Terms, or other applicable terms and conditions.
Authorized Person means any person identified by you and communicated to us, that is authorized to act on a user's behalf with respect to any Corporate Account.
Available Digital Assets means those Digital Assets that are available on the Platform in connection with the Services, which may change from time to time.
Velixor IP Rights means all IP Rights owned by or licensed to Velixor.
Corporate Account means a Velixor account maintained for a corporation, entity or other organization for the provision of the Services.
Digital Assets means a digital representation of value or rights which may be transferred and stored electronically, using distributed ledger technology or similar technology, including, but not limited to, cryptocurrencies, stablecoins, non-fungible tokens and tokenized derivatives of any other digital asset. Digital Assets do not include Fiat Currencies (as defined below).
Dominant Digital Asset means a Forked Digital Asset that has dominance over one or more other versions of a Digital Asset that was subject to the relevant Fork, as determined by Velixor at our sole discretion.
Fiat Currency means any government or central bank issued national, or supra-national, currency, or other monetary obligation denominated in such currency and which is not a Digital Asset.
Fork means any planned, unplanned, sudden, scheduled, expected, unexpected, publicized, not well-known, consensual, and/or controversial changes to the underlying operating rules of certain Digital Assets that may occur from time to time, in such a way as to result in the creation of one or more related versions of an existing Digital Asset.
Improper Intent means Velixor reasonably determines that there may be suspected or actual market manipulation and/or market abuse on your part, including without limitation, capitalizing on opportunities where the executable price of a Transaction does not reflect prevailing market rates, or taking unfair advantage of the way in which Velixor offers prices.
Instruction means any instruction, request, or order given to Velixor by you or an Authorized Person in relation to the operation of your Account or to execute any Transaction, through such medium and in such form and manner as Velixor may require.
IP Rights means (i) registered and unregistered copyright, patents, database rights and rights in trademarks, designs, know-how and confidential information; (ii) applications for registration, and rights to apply for registration, of any of the foregoing rights; and (iii) all other intellectual property rights and equivalent or similar forms of protection existing anywhere in the world.
Manifest Error means any error, omission or misquote (whether an error of Velixor or any third party) which is manifest or palpable, including a misquote by any representative of Velixor taking into account the current market and currently advertised quotes, or any error of any information, source, official result or pronunciation.
Network Event in relation to a Digital Asset means, any event (other than an Airdrop or Fork) in respect of the blockchain or the smart contract that underlies a Digital Asset, which is beyond our control, and results in either (a) a loss of control or ownership of such Virtual Assets by Velixor or a third party; or (b) transaction records on the blockchain being altered, reversed or otherwise invalidated, whether by way of a fraudulent act or consensus, which shall include without limitation any double spending attack, 51-percent attack, or blockchain reorganization, in each case as determined by Velixor in good faith and at its sole discretion.
Platform means the digital platform that Velixor or any of its Affiliates may make accessible to you via website, mobile app, API or by such other means as Velixor or its Affiliates may prescribe from time to time.
Product Terms means the product-specific terms and conditions that are applicable to the use of a Service.
Prohibited Countries means the following countries and such other locations as designated by Velixor from time to time, including Canada (Alberta), Crimea, Donetsk, Luhansk, Cuba, Hong Kong, Iran, North Korea, Singapore, Sudan, Syria, the United States (including the following U.S. Territories: Puerto Rico, Guam, U.S. Virgin Islands, American Samoa and the Northern Mariana Islands and the following U.S. Minor Outlying Islands Baker Island, Howland Island, Jarvis Island, Johnston Atoll, Kingman Reef, Midway Islands, Navassa Island, Palmyra Atoll and Wake Island), Iraq, Libya, Yemen, Afghanistan, the Central African Republic, the Democratic Republic of the Congo, Guinea-Bissau, Haiti, Lebanon, Somalia, and South Sudan.
We understand that corporate entities may be connected to the United States in a variety of ways. We have adopted methodology and process to determine whether a corporate entity is a U.S. user (as defined by applicable U.S. regulatory regimes), and thus, prohibited from using the Platform. Velixor compliance staff may reach out to any relevant entity to provide further information for Velixor to make a holistic assessment on whether the entity identified is a U.S. user and whether it may legally transact on the Platform.
Restricted Person means a person or entity who is included in any trade embargoes or economic sanctions, terrorist or corrupt foreign officials list (such as the United Nations Security Council Sanctions List, issued by a government agency including the list of specially designated nationals maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC), or the denied persons or entity list of the U.S. Department of Commerce, or by the United Kingdom, the European Union, Canada), or resides or is established, or has operations in any of theProhibited Countries.
Risk Disclosure means the Velixor's risk disclosure statement published on the Website.
Services means the services Velixor may make available to you through the Platform.
Transaction means selling, purchasing, or entering into any other type of transaction, or agreeing to sell, purchase or enter into any other type of transaction involving Digital Assets, derivatives, other assets or products as Velixor may from time to time permit to be carried out on the Platform, and transferring Digital Assets into or out of your Account.
User IP Rights means the IP Rights owned by or licensed to you as at the date of these Terms and any other IP Rights owned or acquired by or licensed to you after the date of these Terms, excluding Velixor IP Rights.
User-created IP Rights means any IP Rights created by you pursuant to these Terms, including the User Materials, but excluding User IP Rights.
User Materials means the IP Rights in any reviews, posts, information, data, and comments you or other users provide to Velixor on the Website, the Platform, through the use of Services, or otherwise.
Website means the website located at www.Velixor.com, and any other websites, pages, features, or content Velixor owns or operates.
2. Eligibility
You must register with the Platform before you may use the Services. You are eligible to register for an Account and use the Services if you:
are an individual, corporation, or other organization with full power and capacity to access and use the Services and enter into and comply with your obligations under these Terms;
are at least 18 years old if you are an individual;
act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you must be duly authorized to act on behalf of and bind such legal entity for the purposes of entering into these Terms;
have not been previously suspended or removed from using Services;
do not currently have an existing Account;
are not accessing the Services in a jurisdiction where such Services are not permitted, restricted or illegal;
are not prohibited, restricted, unauthorized or ineligible to use the Services in any form or by any means (in whole or in part) as a result of these Terms, legal or regulatory requirements; or
are not a Restricted Person.
Services
You are able to use the Services in accordance with these Terms and the applicable Product Terms that govern your use of Service once you have opened an Account with Velixor. You acknowledge and agree that some of the Services may be provided by Velixor's Affiliates.
The Platform provides the following Services (the scope of which may be updated from time to time) to you:
relevant information disclosed by digital assets projects, including its real-time quotation and trading information;
) digital asset trading services;
( customer services;
technical and management services ensuring the normal operation of the Platform; and
other services publicly announced by the Platform.
Fiat Services
For the avoidance of doubt, Velixor does not conduct or provide any currency exchange services from one Fiat Currency to another Fiat Currency.
Velixor does not provide any fiat services, such as fiat-to-crypto and/or crypto-to-fiat, notwithstanding that you may utilize the same on Velixor. All fiat services made available (whether on Velixor or through a redirection to a third-party website) are provided by third-party providers ("fiat service providers").
In the event you wish to utilize fiat services, you must agree to any terms and conditions, rules, or policies provided by our fiat service providers and provide any information that may be required for the purposes of utilizing such services. In this regard, all fiat services shall be subject to the terms and conditions of our fiat service providers.