Terms of Service

Effective Date: January 27, 2024

These Terms of Service ("Agreement") govern the use of staking services ("Services") provided by CryptoStake Inc. ("Company," "we," or "us") to you, the customer ("User," "you," or "your"). By participating in our staking services, you agree to abide by the terms and conditions outlined in this Agreement. If you do not agree to these terms, please refrain from using our Services.


1. Eligibility

To use our Services, you must be at least 18 years of age or the legal age of majority in your jurisdiction, whichever is greater. By agreeing to these Terms, you represent and warrant that you meet these eligibility requirements.


2. Services Provided

We offer staking services that allow Users to participate in proof-of-stake (PoS) or other similar blockchain consensus mechanisms by locking up certain cryptocurrencies ("Staked Assets") in exchange for rewards, depending on the specific cryptocurrency or staking protocol.

The scope of Services includes:

  • Staking of supported digital assets (e.g., Ethereum, Cardano, Polkadot).
  • Distribution of staking rewards based on the terms outlined by each protocol.
  • Providing staking-related reports and updates as applicable.

3. User Responsibilities

As a User of our Services, you agree to:

  • Provide accurate information for your staking account.
  • Ensure the security of your Staked Assets and any associated private keys, wallets, or credentials.
  • Understand the risks involved in staking, including but not limited to potential loss of funds due to slashing (in the event of protocol penalties) or other unforeseen issues.
  • Abide by all applicable laws and regulations governing staking in your jurisdiction.

4. Risk Disclosure

By using our staking services, you acknowledge and accept the following risks:

  • Slashing Risks: Certain blockchain networks impose penalties (known as slashing) for improper behavior (such as double-signing or downtime) by validators, which could result in a partial or complete loss of your Staked Assets.
  • Market Volatility: The value of the cryptocurrencies you stake may fluctuate significantly due to market conditions.
  • Network Risks: Blockchain networks may experience technical issues, network failures, or protocol changes that could affect the availability or value of your staked assets.

We do not guarantee any specific return on your staked assets, and staking rewards are subject to the performance of the underlying blockchain protocol and market conditions.


5. Fees

Our staking services may be subject to fees, which may include:

  • Staking Fees: A percentage of the rewards earned from staking, charged by the Company as compensation for providing the staking service. This fee is currently set at 5% of rewards earned.
  • Transaction Fees: Any applicable network transaction fees related to staking operations. These fees will vary based on the underlying blockchain.

Fees will be clearly communicated and deducted from rewards as they are earned.


6. Withdrawal and Unstaking

Users may withdraw their staked assets, subject to the specific terms of the blockchain network. Some networks may require a "cooling-off" or "unstaking" period before assets can be fully withdrawn. For example, Ethereum's staking requires a 14-day unstaking period, while Polkadot has a 28-day period. The Company is not responsible for delays or restrictions imposed by the underlying blockchain protocol.


7. Account Security

You are solely responsible for securing your account credentials, including private keys, and for any activities that occur under your account. We recommend using appropriate security measures such as two-factor authentication (2FA) and cold storage for private keys.


8. Termination

You may terminate your use of our staking services at any time by withdrawing your staked assets. We reserve the right to terminate your access to the staking services if you violate any provisions of this Agreement, or if required by law or regulatory authorities.


9. Limitation of Liability

To the maximum extent permitted by applicable law, CryptoStake Inc. shall not be liable for any loss of funds, lost profits, or any other damages arising from your use of the staking services, including but not limited to losses caused by slashing, technical failures, network issues, or market volatility.


10. Indemnification

You agree to indemnify and hold harmless CryptoStake Inc., its affiliates, directors, employees, and agents from any claims, losses, damages, liabilities, or expenses arising from your use of the staking services or violation of this Agreement.


11. Modifications to Terms

CryptoStake Inc. reserves the right to modify or update these Terms of Service at any time. Any changes will be communicated to Users, and the updated version of the Terms will be effective upon publication. Continuing to use the staking services after any changes constitutes your acceptance of the revised Terms.


12. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the United States. Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts located in New York, USA.

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