These Terms are being made between User (“you”) and VCC Exchange (hereinafter referred to as "VCC Exchange" / "Website" / "We"). VCC Exchange is the legal entity that, recognized by law, owns and operates the networking platform and its related services and technology. VCC Exchange do NOT support digital assets where its primary purpose is to support illegal gambling, illegal drug sales, money laundering, terrorist financing, etc… or any other activity that is illegal in any of the jurisdictions where we operate.
BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE BOUND BY THESE TERMS. PLEASE READ THESE TERMS CAREFULLY BEFORE USING ANY SERVICE PROVIDED BY VCC EXCHANGE AND ITS AFFILIATES (HEREINAFTER REFERRED TO AS “VCC EXCHANGE SERVICE”).
1. Terms and execution
These Terms shall be deemed to include the main body of our agreement and all other VCC Exchange rules, policies and procedures that have been published or shall be published by VCC Exchange from time to time. Unless otherwise expressly provided, any VCC Exchange Service shall be bound by these Terms.
You have the right to consult VCC Exchange if you have any questions with regard to our agreement. However, as long as you use all or any part of VCC Exchange Service, it will immediately constitute acceptance and create a legally enforceable contract under which you agree to be bound by all of these Terms even if you have not carefully read through these Terms before using VCC Exchange service. If you do not agree to all or any part of these Terms, you shall immediately stop registration/activation or stop using VCC Exchange service.
VCC Exchange reserve the right, at our sole discretion, to amend these Terms in whole or in part from time to time as needed, and announce the same on the website, without any individual notice to you. The amended Terms shall come into effect immediately and automatically upon being announced on the website. Continued use of VCC Exchange Service, you shall be deemed as having accepted the amended Terms.
2. Users’ obligations
In order to use VCC Exchange service, you shall be compliance with all requirements of applicable laws, regulatory documents and VCC Exchange’s Terms and you shall not be in violation of public interests, public ethnic. You hereby undertake that you will solely take all responsibility for your funds which shall come from a legitimate source and will not be used for any money laundering, economic and trade sanction evasion, terrorist financing purposes. Any case of using our service illegally or in violation of law will be reported to the state competent authorities.
You must be an individual, legal person or other organization with full capacity for civil rights and civil conduct when you complete the registration or actually use VCC Exchange service in any other way allowed by VCC Exchange.
You are not “Prohibited Person” which means any person or entity that: (a) is on any trade or economic sanction lists such as Specially Designated National by OFAC, EU, UN Security Council Sanctions list,... or (b) is located in, or a citizen or resident of any state, country, territory or other jurisdiction: (i) that is embargoed by the UN and US (ii) where use of any cryptocurrency trading would be illegal or otherwise violate any Applicable Law..., or (c) is on the list that VCC Exchange does not provide service due to VCC Exchange's internal policy
If you do not have the legal capacity or you are “Prohibited Person”, you and your guardian must be responsible for all the consequences resulted therefrom, and VCC Exchange shall have the right to refuse to offer or continue offering VCC Exchange service or permanently freeze your account, and claims against you and your guardian for compensation. VCC Exchange may change our eligibility criteria from time to time.
2.2 Registration and Account
As a condition to using VCC Exchange service, you are required to register and activate an account on our platform with your personal information. You guarantee you are the ultimate beneficial owner of the account. In order to comply with Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) requirements, VCC Exchange must require identity verification with certain information including but not limited to your recent income, bank account, occupation, source of funds,… This verification will be undertaken by checking the information you provide against “Prohibited Person”.
You shall provide VCC Exchange with accurate, complete and updated registration information according to the laws and regulations that VCC Exchange comply with. Failure to do so shall constitute a breach of these Terms and VCC Exchange shall have the right to send you a notice to make inquiry and demand corrections and remove relevant information directly and, as the case may be, terminate all or part of VCC Exchange service to you. VCC Exchange will not take any responsibility and any loss, directly or indirectly, and adverse consequence resulted therefrom will be borne by you.
You may log in VCC Exchange platform by your email address and mobile number that you have provided or confirmed or any other means permitted by us. VCC Exchange account can only be used by the person whose name they are registered under. VCC Exchange reserve the right to suspend, freeze, or cancel accounts that are used by persons other than the persons whose names the accounts are registered under. VCC Exchange will also not take legal responsibility for these accounts.
You hereby acknowledge and agree that you have the obligation to take actions as required by VCC Exchange if there is any change or update.
2.3 Account Security
You shall be solely responsible for the safeguarding of your VCC Exchange account and password on your own and for all activities under your log-in email, VCC Exchange account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement or online purchase of services, etc.).
You hereby agree that: a) you will notify VCC Exchange immediately any unauthorized use of your account and another account related security breach of which you are aware; b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website/service; and c) you will log out the website by taking proper steps at the end of every visit.
VCCE shall not be responsible for any loss caused by your failure to comply with this provision. You understand that VCC Exchange need reasonable time to take action upon your request, and VCC Exchange will not undertake any responsibility for the consequences (including but not limited to any of your loss) that have occurred prior to such actions.
2.4 Limitation of liability
VCC Exchange will provide VCC Exchange service at an “as is” and “commercially available” condition. VCC Exchange service is provided without warranty of any kind, express or implied, including but not limited to applicability, free from error or omission, continuity, accuracy, reliability or fitness for a particular purpose, and any warranties implied by any course of performance or usage of trade, all of which are expressly disclaimed, VCC Exchange and its affiliates, licensors and suppliers do not warrant that: (a) any information will be timely, accurate, stable, complete, reliable or correct; (b) the service will be secure or available at any particular time or place; (c) any defects or errors will be corrected; (d) the service will be free of viruses or other harmful components; (e) any result or outcome can be achieved. The use of the service is solely at its own risk.
You acknowledge that all of your funds on VCC Exchange are for trading purposes only. During any transaction, you will be in good faith, will not take any acts of unfair competition, will not disturb the normal order of online transactions, and will not engage in any acts unrelated to online transactions. Under no circumstances will VCC Exchange perform the function of collecting, obtaining or keeping funds for any user.
Providing service as a venue of transactions where you acquire coin related information, search for counterparties of transactions and negotiate and conduct transactions, VCC Exchange shall not be responsible or liable for the quality, security or legality of the coin involved in any transaction, truthfulness or accuracy of the transaction information, or capacity of the parties to any transaction to perform its obligations under the transaction documents. Unless expressly required by laws and regulations or you violate these Terms, VCC Exchange shall not have any duty to conduct any preliminary review on information data, transaction activity and any other transaction related issues of all users. You agree that VCC Exchange shall not be responsible or liable under any circumstances for any threatening, defamatory, obscene, offensive, illegal or other content or conduct of any third party or any infringement of another’s rights; or any of your losses including but not limited to loss of profits, goodwill, usage or data or any other intangible losses.
IN NO EVENT SHALL THE LIABILITY OF VCCE , ITS AFFILIATES AND THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS OR CONTRACTORS ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, BREACH OF THESE TERMS, ANY REJECTION OF A LISTING APPLICATION, A LISTED TOKEN (INCLUDING ANY LISTING, DE-LISTING, AND TRADING OR INABILITY TO TRADE ANY LISTED TOKEN), THE EXCHANGE (INCLUDING ANY INABILITY TO USE THE EXCHANGE) OR ANY OTHER GOODS, SERVICES OR OTHER ITEMS PROVIDED UNDER OR IN CONNECTION WITH ANY OF THE FOREGOING, WHETHER UNDER CONTRACT, STATUTE, STRICT LIABILITY OR OTHER THEORY (INCLUDING, FOR THE AVOIDANCE OF DOUBT, ANY NEGLIGENCE OF VCC EXCHANGE) EXCEED THE AMOUNT OF THE FEES PAID BY YOU TO VCC EXCHANGE UNDER THESE TERMS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM FOR LIABILITY. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS VCC.EXCHANGE, ITS CONTRACTORS, AND ITS LICENSORS, AND THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS FROM AND AGAINST ANY AND ALL CLAIMS AND EXPENSES, INCLUDING ATTORNEYS’ FEES, ARISING OUT OF YOUR USE OF THE WEBSITE, INCLUDING BUT NOT LIMITED TO OUT OF YOUR VIOLATION THESE TERMS.
VCC Exchange may immediately terminate or suspend access to all or a portion of our VCC Exchange Service, terminate all or part of VCC Exchange service to you, with or without prior notice or liability, for any reason whatsoever, including without limitation if you breach these Terms, effective at any time. VCC Exchange shall also have the right in case of any of the following events:
(a) temporarily freeze or permanently freeze (cancel) the authorizations of your account on VCC Exchange at VCC Exchange’s sole discretion, without any prior notice, for any reason whatsoever, and VCC Exchange shall not be liable to you;
(b) delete or deactivate your VCC Exchange account and all related information and files in such account without liability to you;
(c) directly cancel your transaction requests that are prior to suspension or termination without liability to you;
(d) delete, at the same time of suspension or termination of services, information related to any un-traded coin tokens that you have uploaded to VCC Exchange prior to the suspension or termination.
If you have reached any purchase agreement with any other member prior to the suspension or termination and such agreement has been partially performed, VCC Exchange may elect not to delete the transaction; provided, however, VCC Exchange shall have the right to notify your counterparty of the situation at the same time of the suspension or termination.
All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
In case your account service is terminated or the authorizations of your account on VCC Exchange platform is permanently frozen (cancelled), VCC Exchange shall not have any duty to keep or disclose to you any information in your account or forward any information you have not read or sent to you or any third party. You agree that, after the termination of these Terms between you and VCC Exchange, we shall still have the right to keep your information and all the transaction information during your use of VCC Exchange Service
These Terms are the entire agreement between you and VCC Exchange with respect to the use of VCC Exchange service and supersede all prior or contemporaneous communications and proposals between you and VCC Exchange.
If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that these Terms will otherwise remain in full force and effect and enforceable. VCC Exchange shall not be liable for any failure to perform its obligations where such failure results from any cause beyond VCC Exchange’s reasonable control, including, without limitation, mechanical, electronic or communications failure or degradation.