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.
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.
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:
As a User of our Services, you agree to:
By using our staking services, you acknowledge and accept the following risks:
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.
Our staking services may be subject to fees, which may include:
Fees will be clearly communicated and deducted from rewards as they are earned.
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 Some networks may require a "cooling-off" or "unstaking" period before assets can be fully withdrawn.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.
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.
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.
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.
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.
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.
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.