Please read these Terms carefully. These Terms and Conditions and any terms and conditions incorporated herein by reference (collectively, the “Terms” or “Agreement”) govern your (hereinafter also referred to as “you”, “You” and when indicating possession “your” and/or “Your”, “Client”) relationship with Hexn Markets LLC, a company registered and operating according to the laws of St.Vincent and the Grenadines, company number 2212 LLC 2022, registered address: Beachmont Business Centre, 379, Kingstown, Saint Vincent and the Grenadines (hereinafter referred as “We”, “Our”, “Us”, “Company”, “Company”) concerning our services to view, explore and use our tools, at your own discretion (hereinafter referred as “Service”). These Terms and Conditions are comprehensive and apply to every individual who engages with the game.
Acceptance of the Terms of Use
By accessing and engaging with our Services, you explicitly acknowledge and agree to be legally bound by these terms. Services mean services provided by the Company on Company’s platforms. We strongly advise you to thoroughly review these Terms to ensure that you fully understand the rights and obligations that come with your use of our Services. If, after reviewing these Terms, you find that you do not agree with any of the provisions, you must immediately cease using our Services. Your continued use of our Services implies your acceptance of all conditions set forth in these Terms. Furthermore, we encourage you to regularly revisit these Terms to remain informed about any changes or updates that may affect your access to and use of our Services.
Modifications to these Terms and Conditions
We reserve the right, at our sole and absolute discretion, to modify, amend, or supplement these Terms at any time. This includes any related policies, guidelines, or rules that are referenced herein. Any such modifications will take effect immediately upon their posting. The "Last Updated" date at the top of the Terms will be revised to reflect the most recent changes. These updated Terms will apply to all current and future interactions with our Services. By continuing to access or use our Services after any modifications to these Terms have been posted, you agree to be bound by the revised Terms. It is your responsibility to regularly check for any updates to these Terms.
Acceptance of Terms
You agree to comply with all provisions of this Terms. Continued use of the Company's services after any amendments to this Terms constitutes acceptance of such amendments. Should the Client disagree with any changes, they must cease using the services immediately.
Eligibility
Age. You represent and warrant that you are at least eighteen (18) years of age. If you are under the age of eighteen (18), you may not, under any circumstances or for any reason, use our Services.
Legality. You are solely responsible for ensuring that these Terms are in compliance with all laws, rules, and regulations applicable to you and in your jurisdiction. You further warrant that you are not a citizen or resident of any jurisdiction where the use of the Company’s services would be unlawful.
Criteria. We may, in our sole discretion, refuse to offer the Website and/or Interface to any person or entity and change the eligibility criteria for use thereof at any time.
Non-Circumvention. You agree not to access Services using any technology for the purposes of circumventing these Terms.
Account Registration and Security
Registration Process. To access the services, you must create an account on the Company's platform and provide accurate and complete information. You agree to update their information promptly in the event of any changes.
Account Security. You are solely responsible for maintaining the confidentiality of your account credentials, including passwords, and any activities that occur under their account. You agree to notify the Company immediately in the event of any unauthorized access or suspicious activity related to their account.
Account Suspension and Termination. The Company reserves the right to suspend or terminate the Client’s account at any time if it determines, in its sole discretion, that the Client has violated the terms of this Agreement, engaged in fraudulent or illegal activities, or posed a risk to the integrity of the platform.
Use of the Platform
The Client agrees to use the platform solely for lawful purposes and in compliance with all applicable laws and regulations. Company’s platform means Company’s website available, company’s desktop applications, Tg applications, mobile applications for iOS and Android distributed by Company in Apple Store, Google Play, and other stores of mobile applications. Any form of abusive, fraudulent, or unauthorized activity is strictly prohibited and may result in the immediate suspension or termination of the Client’s account.
Prohibited activities
The Client is prohibited from engaging in any activities that may disrupt the normal functioning of the platform, including but not limited to hacking, unauthorized data scraping, or introducing malware or harmful code.
Prohibited activities include, but are not limited to:
- Interfering with, circumventing, or disabling the security features or functionality of the Services.
- Engaging in any form of deceptive behavior, including fraud, impersonation, or the submission of false information.
- Collecting data, content, or information through unauthorized access or fraudulent means.
- Using automated systems, such as bots or scripts, to interact with the platform or to extract data.
- Reverse engineering, decompiling, or otherwise tampering with Company’s software.
- Engaging in harassment, intimidation, or threats against Company’s employees or representatives.
- Uploading, transmitting, or distributing viruses, malicious software, or any content designed to disrupt the platform’s services.
- Utilizing the platform for commercial activities, such as advertising or selling goods and services, without proper authorization.
- Participating in any activities that violate local, national, or international laws or regulations.
Description of Services
The Company offers collateralized lending services that allow Clients to obtain loans by pledging cryptocurrencies or other digital assets as collateral. Loans are provided in other cryptocurrencies.
Loan terms, including the Loan-to-Value (LTV) ratio, interest rates, loan duration (maturity period), and any applicable fees or penalties, are clearly defined in the specific Loan entered into between the Client and the Company. These terms may vary based on market conditions and the specific type of collateral provided.
The Client must provide acceptable cryptocurrency as collateral for the loan. The value of the collateral is determined based on real-time market prices at the time of the loan agreement. If the value of the collateral decreases during the loan period and falls below a certain threshold, the Client may be required to provide additional collateral or face liquidation of the existing collateral to cover the loan.
The Client can select a multiplier level, which dictates the number of loans and the total amount borrowed in the chain of loans. A higher multiplier increases the potential gains, but also magnifies the risks involved, particularly the risk of collateral liquidation if the market value of the underlying cryptocurrency decreases.
The Client is obligated to repay the loan, including any accrued interest, by the agreed maturity date. Failure to repay the loan by this date may result in the liquidation of the collateral. The Company reserves the right to sell the collateral to recover the outstanding loan balance and any associated fees. In the event of liquidation, the Client may be liable for any shortfall between the loan amount and the liquidation proceeds.
In cases where the market value of the pledged collateral falls significantly, the Company may issue a margin call, requiring the Client to either add more collateral or repay part of the loan to maintain the required Loan-to-Value (LTV) ratio. If the Client fails to respond to a margin call, the Company reserves the right to liquidate the collateral.
The Client has the option to repay the loan in full prior to the maturity date without penalty, unless otherwise specified in the Loan Agreement. Early repayment may entitle the Client to recover the pledged collateral, provided all outstanding obligations are met.
Fees and Commissions, Withdrawal limits
The Company charges fees for the services it provides, including but not limited to transaction fees, conversion fees, and loan origination fees. The applicable fees are disclosed to the Client prior to the execution of each service and are deducted from the Client’s balance or loan amount as specified.
The Company reserves the right to amend the fee structure at its discretion. Any changes to fees will be communicated to the Client through the platform and shall become effective immediately for all subsequent transactions.
Withdrawal limits, including minimum and maximum thresholds, may apply to Client transactions, as specified on the platform. The Client is responsible for ensuring that their withdrawals comply with these stated limits.
The Client is solely responsible for any taxes, duties, or other governmental charges that may be applicable to their transactions on the platform. The Company is not liable for any failure by the Client to fulfill such obligations.
Risk Disclosures
Market Risks. The Client acknowledges and understands that cryptocurrencies and digital assets are subject to significant market volatility, and the value of such assets may fluctuate substantially. The Client assumes all risks associated with market fluctuations and agrees that the Company shall not be liable for any loss or damage resulting from such volatility.
Regulatory Risks. The regulatory treatment of cryptocurrencies and digital assets varies by jurisdiction, and new regulations may impact the use or value of such assets. The Client is responsible for ensuring compliance with any applicable legal and regulatory requirements.
Technology Risks. The Client acknowledges that the use of blockchain technology and distributed ledger systems carries certain risks, including but not limited to delays, transaction failures, and security vulnerabilities. The Company shall not be liable for any losses arising from technological issues beyond its control.
Know Your Client (KYC) and Due Diligence Compliance
The Client acknowledges and agrees to comply with all Know Your Client (KYC) and Due Diligence procedures as established by the Company. These procedures are implemented to verify the identity and background of the Client, ensuring compliance with applicable anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
The Client shall provide valid and up-to-date identification documents, financial information, and any other documents requested by the Company as part of its KYC and Due Diligence procedures. These documents must be submitted promptly upon request and prior to the completion of any sale, purchase, or other transactions, or at any other stage deemed necessary by the Company.
In the event that any documents submitted under the KYC and Due Diligence procedures expire or become invalid, the Client is required to promptly provide updated documents to the Company. Failure to submit updated documents may result in delays or the suspension of the Client’s access to the Company's services.
The Client acknowledges that the Company reserves the sole discretion to accept or reject any documents or information provided during the KYC and Due Diligence process. The Company may, at its discretion, refuse to complete any sale, purchase, or other transactions until the Client’s compliance with KYC and Due Diligence requirements is satisfactorily confirmed.
Restricted Jurisdictions
The Company does not provide Services, to persons residing in: - USA
- United Kingdom
- Sudan
- Tunisia
- Yemen
- Zimbabwe
- Japan
- Afghanistan
- Bosnia and Herzegovina
- Burundi
- Iraq
- Central African Republic
- Congo
- Guinea
- Guinea-Bissau
- Syria
- Haiti
- Lebanon
- Libya
- Mali
- Iran
- North Korea
- Myanmar
- Nicaragua
- Serbia
- Somalia
The list is not exhaustive and other jurisdictions and regions are reviewed, and assigned different blocks or restrictions on a regular basis.
Intellectual property rights
You hereby expressly agree that all rights, title, and interest in and to all intellectual property rights, including, without limitation, patents, copyrights, trademarks, trade secrets, and all other related proprietary rights, are fully retained by the Company.
You agree not to copy, republish, transmit, modify, distribute, license, sublicense, or create derivative works based on the content or intellectual property of the Company.
Representations
You hereby acknowledge and agree that the Company does not provide any form of financial advice, guidance, or recommendations regarding investments, disinvestment, or continued investment in any currency, asset, or financial product. The services provided by the Company should not be construed as professional financial advice. If you are considering any form of investment, it is strongly advised that you consult with a qualified financial advisor to obtain the appropriate guidance and recommendations tailored to your individual circumstances.
You affirm that you are a genuine participant and agree not to engage in any criminal activities or misuse of the platform, including but not limited to terrorist financing, money laundering, illegal gambling, drug distribution, malicious hacking, high-risk business practices, intellectual property infringement, competitive commercial use, data extraction, spamming, unauthorized data collection, or any actions that could disrupt or negatively impact our Services.
Acknowledgment of Responsibilities and Tax Obligations
You acknowledge that the Company operates solely as a neutral platform and does not act as an agent for any Clients. You are entirely responsible for reporting and paying any taxes related to your transactions on Company. Company does not provide tax reporting services, so it is your duty to collect, report, and remit all necessary tax information to the appropriate authorities. Company bears no liability for your tax obligations, and you should consult with a tax professional if needed to ensure compliance with applicable laws.
Limitation of Liability
The Company provides its services on an "as is" and "as available" basis, without any warranties or representations, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
To the fullest extent permitted by law, the Company shall not be liable for any indirect, incidental, consequential, or punitive damages, including loss of profits, loss of data, or loss of business opportunities, arising out of or related to the Client’s use of the platform or services.
In no event shall the Company’s total aggregate liability to the Client exceed the total fees paid by the Client for the use of the specific service giving rise to the claim.
Indemnification
You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs and expenses arising from (a) your access to and use of the platform; (b) your violation of these Terms, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party’s access and use of the platform with your assistance or using any device or account that you own or control.
Severability, Complaints, and Miscellaneous
Severability: If any provision of these Terms is found to be unlawful, invalid, or unenforceable for any reason, such provision shall be deemed severable from the rest and shall not affect the validity and enforceability of the remaining provisions.
Miscellaneous: These Terms constitute the entire agreement between the parties regarding the subject matter hereof and supersede all prior agreements and communications relating to the Terms. No terms of any other document provided to us that differ from, are inconsistent with, or supplement these Terms shall be binding on the Parties. You represent and warrant that all information provided to us in connection with these Terms is accurate, complete, and truthful.
Force Majeure
Neither party shall be liable for any delay or failure to perform any of its obligations under these Terms caused by Force Majeure. Company is not responsible for any damages caused by delay or failure to perform its obligations under the Agreement in case if the said delay or failure is due to fires; strikes; floods; power outages or failures; acts of God or the state’s enemies; lawful acts of public authorities; any and all acts that are regarded as Force Majeure in legal practice.
Governing Law
This agreement is governed by, interpreted, and enforced in accordance with the laws of Saint Vincent and the Grenadines.
Support
If the Client has any questions or concerns related to the Agreement, their rights and/or obligations, they can contact the Company via a Company’s platform interface.