By using CoinEx Mining Product, you acknowledge that you have read, understood and accepted all of the terms and conditions in this CoinEx Mining Terms & Conditions (this “T&C”) and the Documents (as defined below), and you acknowledge and agree that you will be bound by and will comply with the terms contained in this T&C and in the Documents. If you do not accept this T&C or the Documents in its entirety, you should immediately stop using any service provided by CoinEx, including CoinEx Mining Products.
The terms and conditions in this T&C are supplementary to CoinEx Term of User Agreement, Privacy Policy, Disclaimer, each of the Products particulars, FAQ, terms, and/or any Agreements, terms, policy or related trading services as may be published by CoinEx from time to time (collectively, the “Documents”).
For the avoidance of doubt, the T&C and the Documents may be revised and amended from time to time at the discretion of CoinEx. By using any services provided by CoinEx, you agree to accept all of the terms in all updated versions of this T&C and the Documents. You are strongly advised to read all the terms in this T&C and in the Documents prior to using any services of CoinEx.
1. Mining Products
CoinEx Mining Product is a product and service that:
- Allows users to earn tokens by locking one or more specified tokens.
- Users may receive token rewards specified in the mining event.
- CoinEx will reasonably allocate and deliver the users reward arising from locking tokens according to various factors, including but not limited to the duration of locking, the number of tokens locked, the type of tokens, etc.
By using CoinEx Mining Products, you hereby agree and acknowledge that:
- CoinEx has the absolute discretion and authority to calculate or to set the calculation mechanism to your reward arising from this Mining Product.
- CoinEx has no obligation and responsibility to disclose its formula or calculation mechanism as to how to calculate the rewards of the Mining Product.
- You are exposed to various risks by using Mining products, including those risks as set out under section 2 of this T&C. In all circumstances CoinEx shall not be liable to you for any loss or damages arising from such risks.
By using CoinEx Mining Products, you will be prompted to agree with the following terms as indicated by CoinEx:
- The period of locked tokens;
- The types of tokens locked;
- The types of tokens reward;
- The settlement timeline; and
- Other terms or particulars as stipulated under each of the Mining products description on the CoinEx website.
For the avoidance of doubt,
- The rewards, in principle, shall be calculated on the basis of the amount and duration of tokens locked. You may not earn any rewards for duration less than 5 minutes.
- The rewards shall be subject to change at the discretion of CoinEx without informing any user.
- CoinEx does not guarantee any amount of the rewards. Representations, in any manner or format, concerning possible return at the time you subscribe (i) is an estimate only and not guaranteed, (ii) is based on various factors including the market fluctuation of the industry, which may change substantially from time to time, and (iii) may be more or less than your actual award at the end of the subscription period.
- The rewards may take up to 1 hour to return to your account after the end of the mining events you participated in.
2. Risks & Liabilities
When using CoinEx Mining Product, you must be fully aware of the risks associated with digital asset investments and proceed with caution. You agree that all investments on CoinEx reflect your true investment intent, and you unconditionally accept the potential risks and gains of your investment decisions.
In addition to the risks as identified in the Documents, you may also expose to the following risks and liabilities for using the CoinEx Mining Products:
- The Digital Assets you subscribed may be lost because, among other things: (a) the smart contract of the relevant blockchain network and protocol may be exploited, hacked, poor economic models suffered from any type of cyber security risk; (b) the relevant blockchain network and protocol may suspend, discontinue, and terminate its business, closes down, suspends, or stops operating; (c) the price fluctuation of the tokens of the relevant blockchain network and protocol may be extremely volatile and the estimated rewards shall be substantially affected by such price volitation.
- There are inherent risks of the relevant blockchain network and protocol, including, but not limited to, the rules of the smart contract, the protocol, and the use of your locked assets.
- In no event CoinEx, or any affiliation of CoinEx or CoinEx Mining product operators is responsible or liable to you or any other person or entity for any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising out of or in connection with any risk identified above. This limitation of liability is in addition to the limitation of liability contained in the Documents.
3. CoinEx’s Rights and Power
By using CoinEx Mining Product, you agree that CoinEx will reasonably reward you according to CoinEx' discretion.
CoinEx reserves the right to temporarily pause or terminate the CoinEx Mining Product, and may suspend or end the service in its entirety as necessary without reason or notice.
CoinEx may stop, suspend or cancel your access to all CoinEx services or CoinEx’s platform, impose limits to your CoinEx accounts, suspend or cancel your ability to participate in CoinEx Mining Products, or delay certain transactions in the following circumstances:
- you do not provide additional information to verify your identity or source of funds as requested by CoinEx.
- you do not comply with the laws of your country or that your asset sources are questionable to meet CoinEx’s legal and compliance standards.
- CoinEx is required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws).
- CoinEx is required to do so to comply with any direction or instruction from a government body or agency.
- CoinEx reasonably determines that any information you have provided to us is wrong, untruthful, outdated or incomplete.
- You do not provide additional information that we request to our reasonable satisfaction or in a timely manner.
- CoinEx has reasons to believe that you may violate any laws, rules and regulations in any Applicable Laws.
- Your account or any transaction associated with your account is being investigated by any regulator or law enforcement agencies.
CoinEx Mining Products may encounter delays, suspensions, terminations, or deviations due to network latency, computer system failures, or other possible force majeure. While CoinEx will strive to maintain stable and effective service operations, no guarantees are made, CoinEx will not be held responsible for any unintended consequences resulting from the above.
CoinEx reserves the right to modify this Agreement from time to time and will disclose such modifications through website announcements. No additional notice will be provided. If you continue to use the CoinEx Mining Product, you will be deemed to have accepted and agreed to the modified terms.
4. General Terms
All terms and references used in this T&C shall have the same meaning and construction in the Documents, unless otherwise defined in this T&C.
This T&C are to be read together with the Documents. In the event of any conflict or inconsistency between this T&C and the Documents, the order of precedence in which the documents are to be read is first this T&C, and then the Documents.
In the event of any conflict or inconsistency between this T&C and the particulars of each of the Mining products description, the particulars of each of the Mining products description shall prevail.
This T&C may be available in various language versions. In case of any inconsistency, the English version shall prevail.