TERMS OF SERVICES
BitooCoin.com is a digital asset trading platform (the "Platform") operated by and proprietary to Linkbase Technology Limited (the "Company" or "We"). By accessing the Platform and/or the website at www.BitooCoin.com (the "Website"), using the Services (the "Services") provided by the Company and/or registering an account with BitooCoin.com, you (the "User") agree to be bound by these terms and conditions between you and the Company, including any revisions from time to time as may be published by BitooCoin.com (these "Terms") as well as the Privacy Policy. If you have any questions regarding the Services and/or these Terms, please contact our customer service by sending email to [support@BitooCoin.com].
RISK DISCLOSURE
1. The Products available to be traded on the Platform include Digital Currency derivatives contracts. Trading of Digital Currency derivatives contracts involves significant risk and is NOT suitable for everyone. Before making any trade decision, you should:
(1) make sure you fully understand the worst-case scenarios of that trade; and
(2) take your own independent review on whether the Product you intend to trade is suitable for you in light of your own financial situation, investment experience, investment objectives and your willingness and ability to bear risks.
If you have any question about the Products available to be traded on the Platform, you should seek professional advice from your financial advisers.
2. You understand that BitooCoin.com is NOT a broker, agent or financial advisor and has NO fiduciary duty to you in connection with any trade or investment decision you make, whether such trading or investment activities take place on the Platform or not. You understand that NOTHING on the Website and/or the Platform and NO communication from BitooCoin.com shall constitute our financial advice or trade advice to you. YOU ARE TRADING AT YOUR OWN RISK.
1. DEFINITION
As used in this Agreement, the following terms shall have the following respective meanings:
1.1 "Digital Currency" shall mean any cryptocurrencies, decentralized application tokens and protocol tokens, including but not limited to BTC, BCH, ETH, ETC, LTC, EOS, XRP etc. The Digital Currency we support for the Products traded the Platform may change from time to time. BitooCoin.com reserves the right to terminate support of a Digital Currency on the Platform at our sole discretion. Although BitooCoin.com will do its best to inform you timely before removing a supported Digital Currency from the Platform, BitooCoin.com hereby reserves the right to do so without prior notice.
1.2 "Position" shall mean the outstanding Products you have traded on the Platform.
1.3 "Product" shall mean the product available to be traded on the Platform, including but not limited to Digital Currency derivatives contracts such as options and perpetual swap. BitooCoin.com may modify, add or remove the Products that can be traded on the Platform from time to time. Although BitooCoin.com will do its best to inform you timely before modifying or removing a Product from the Platform, BitooCoin.com hereby reserves the right to do so without prior notice.
2. ACCOUNT REGISTRATION
2.1 You shall register an account (the "Account") with BitooCoin.com before accessing the Platform. You agree to provide us accurate, up-to-date and truthful information when registering and on an ongoing basis. You agree to notify us as soon as possible when any of the information provided by you changes. You agree that you will not register multiple Accounts with BitooCoin.com, unless a writing consent from BitooCoin.com is obtained.
2.2 You agree that the Company reserves its right to refuse to open Account for anyone, with or without reason.
2.3 You hereby represent and warrant to the Company as follows, which representations and warranties will be deemed repeated each time you access your Account, use BitooCoin.com and/or trade on the Platform:
(1) as an individual, you are at least 18 years old and you have the requisite power to form a binding contract and perform your obligations in accordance with the Terms under applicable laws and regulations;
(2) as a legal person or organization, you have full legal capacity and authorization to enter into these Terms and your obligations hereunder are binding upon you;
(3) all information in any form provided by you to the Company is accurate, truthful and complete in all aspects, except to the extent that you have provided notice of any change to the Company;
(4) you are not located, established in, or a citizen or resident of any country or area where it would be illegal for you to use the Services provided by the Company (the "Restricted Area"), including but not limited to the British Virgin Islands.
(5) your use of the Services provided by the Company does not violate or conflict with any law applicable to you, and/or any contractual restriction binding on or affecting you or any of your assets you use to trade on the Platform;
(6) the assets you use to trade on the Platform are not the direct or indirect proceeds of any criminal or fraudulent activity;
(7) you are using BitooCoin.com only for your own benefit and that you are not using BitooCoin.com on behalf of others or for the benefit of any third parties;
(8) you are not subject to any economic sanctions programs administered or enforced by any relevant country or government or international authority, including but not limited to: the US Department of the Treasury's Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty's Treasury, the Hong Kong Monetary Authority or the Monetary Authority of Singapore; and
(9) you fully understand the risks associated with the Product(s) you intend to trade on the Platform, including but not limited to the fact that you may lose all the Balance you have in your Account.
2.4 You hereby understand and agree that you might be required to provide personal identification information to complete our client onboarding process pursuant to our KYC ("Know Your Client"), AML ("Anti-money laundering") and CFT ("Counter-terrorist Financing") programs. We may require such information during your Account registration process and on an on-going basis. You agree to provide us accurate, truthful and complete personal identification information and you agree to notify us when there is any change. Fail to do so may lead to suspension or termination of your Account. You understand and agree that our collection, storage and use of your personal identification information shall be governed by Privacy Policy.
2.5 You are solely responsible for the login security of your device and your Account. You agree to take necessary precaution to the security of your Account login credentials and other forms of authentication (if applicable) and you agree not to disclose such information to any third party.
3. SERVICES
3.1 You will be permitted to use the Services provided by the Company upon your successful Account registration. You agree that the Company reserve the right to modify, suspend or even terminate all or part of the Services at any time.
3.2 You agree that you can only place an order if you have sufficient balance (the "Balance") in your Account in accordance with the Product Trading Rules (defined in Section 3.4) in effect.
3.3 You understand and agree that trading the Products on the Platform involves significant risk and the Products available to be traded on the Platform are not suitable for everyone. Before making any trade decision, you should: (1) make sure you fully understand the worst-case scenarios of that trade; and (2) take your own independent review on whether the Product you intend to trade is suitable for you in light of your own financial situation, investment experience, investment objectives and your willingness and ability to bear risks. If you have any question about the Products available to be traded on the Platform, you should seek professional advice from your financial advisers (and you understand BitooCoin.com does NOT act as your finance adviser). BitooCoin.com shall not be responsible for any loss or damages caused by your failure to understand the nature and risks of the Product you trade on the Platform.
3.4 You hereby acknowledge and agree that: before trading the Product, you have read and understood all these Terms and the relevant rules applicable to the trading of the Product ("Product Trading Rules") announced by the Company from time to time. You agree to review the Terms, the Product Trading Rules and other announcements by BitooCoin.com for the latest updates regularly and frequently. BitooCoin.com shall not be responsible for any losses or damages caused by your ignorance of the Terms, the Product Trading Rules and any other announcements by BitooCoin.com.
3.5 When trading on the Platform, you agree that you are trading at your own risk and on your own account. You are solely responsible for all trading or non-trading activities on your Account. You agree that any trade mistake you make, whether on purpose or by mistake, is final and cannot be reversed by us. You agree that we do NOT offer refund of any trade.
3.6 You agree that BitooCoin.com shall have the right to take the measures such as suspending transactions, cancelling transactions, limiting transactions, and rolling back periods to eliminate or mitigate the adverse effects caused by unexpected factors such as system failures, network failures, hacking attacks, and market abnormalities such as malicious price manipulation. You agree that BitooCoin.com shall not be held liable for any loss or damages caused by such suspension, cancellation, restriction or rollback.
3.7 You hereby agree that BitooCoin.com reserves the right to (1) limit your right to place orders; (2) cancel orders; and/or (3) partially or entirely close any or all of your Positions (no matter if the Position is profitable or if it does not breach any margin requirements). We shall have right to do so if we reasonably determines necessary, for example (without limitation): in order to reduce or close counterparty Position(s) that have breached the margin requirements, or in order to help prevent counterparty bankruptcies (where the liquidity in the market is not enough to take over positions of counterparties that are on the verge of bankruptcy or already bankrupted). We are not liable for any damages that you might incur due to such measures. In the event we close any Position of you on basis of this clause, we can determine the price you will receive for the Product of which the Position is closed at our sole discretion, but in principle it will be the Mark Price. For purpose of these Terms, the Mark P
rice of an options contract shall mean the current value of the option as calculated by the Platform’s risk management system at its absolute discretion.
3.8 If BitooCoin.com removes a Product or Digital Currency from the Platform, any outstanding order of such Product or Digital Currency will be cancelled.
3.9 When trading derivatives Products:
(1) you are solely responsible for knowing the true status of your Position;
(2) you understand and agree that if your Balance is insufficient for your Position(s), your Positions will be incrementally closed against the then-available prices in the market in accordance with the Product Trading Rules until your Balance is sufficient for the remaining of your Position(s).
(3) you agree that BitooCoin.com may take measures (but BitooCoin.com is not obligated to), at its sole discretion, to mitigate losses to your Account on your behalf.
4. FEES
4.1 You agree to pay the fees (the "Fees") for the Services provided by the BitooCoin.com in accordance with the applicable fee schedule (the "Fee Schedule"). You agree that BitooCoin.com shall have the right to adjust the Fee Schedule from time to time at its sole discretion. You hereby agree and authorize BitooCoin.com to deduct from your Balance any applicable Fees charged to you under these Terms and the Fee Schedule.
5. RESTRICTIONS AND OBLIGATIONS
5.1 You agree to comply with all applicable laws and regulations, these Terms, the Trading Product Rules and all other policies, procedures, or rules announced by the Company from time to time. You agree to check the Website regularly and frequently to view the latest information announced by the Company.