TERMS AND CONDITIONS FOR ISSUING AND SELLING TOKENS

Information about Fincity TRX s.r.o.
Registration number: 52349594
VAT identification number SK2121038535
Legal address: Miletičova 21, 821 09 Bratislava, Slovakia
Contact: office@fincity.sk

Crypshark is a Digital Currency Trading Platform

Requirements

You are at least 18 years of age, or the age of majority in your country.
You must not be a resident or citizen of the United States of America or any territories of the United States of America.
The Terms and Conditions contained herein are the basis of the Agreement between you the User (in this Agreement hereinafter referred to as either “you,” “your” “client” “contributor” or “user”).

Preamble

  1. This Token Terms and Conditions govern your purchase of the STT Tokens, an ERC20 blockchain asset that is programmed using a smart contract. This is an agreement between you and FinCity TRX s.r.o.
  2. STT is a unit of account of the virtual asset’s portfolio. Virtual assets portfolio can always be exchanged into STT tokens.
  3. STT is an Ethereum based cryptocurrency with a fixed number of 100,000,000 tokens in existence.
  4. Token price: 10 USDT
  5. Our Contract: These terms and conditions (Terms) apply to you because you purchased STT tokens in Wallet account and locked it for trading purpose.
  6. Features of the Trading Program: The trading program enables holders of stable tokens known as STTs, to “lock up” their tokens in return for a trading income.
  7. You accept that the purchase and sale of cryptocurrency involves risk. Due to the constant price fluctuations, you may increase or lose value in your assets at any time.
  8. You acknowledge that purchasing digital currency involves risk and you will not hold FinCity TRX accountable for any gains or losses that you incur as a result.
  9. In no circumstance shall FinCity TRX be responsible for any loss that you incur.
  10. FinCity TRX does not allow users to perform payments to any third-party accounts.

Terms and Conditions

  1. Buying and selling STT is commission free.
  2. Blocking and unblocking to participate in trading is also free of charge.
  3. The first step is to buy STT on the Crypshark. The value of the purchased STT is always guaranteed by the fixed rate of 10.00 USDT. Therefore you have no exchange rate risk.
  4. To participate in trading, the STT, minimum 10 STT and maximum 999 STT, must be blocked. The blocking of the tokens with which you want to participate in trading must be done until the 28th of the current month, directly on the Crypshark.
  5. After blocking STT you will automatically receive 30% of the trading profits each month in your STT Wallet at Crypshark
  6. To start trading it is necessary to lock from minimum10 to maximum 999 STT coins. The blocking of tokens for trading operations must be done by the 28th of the current month directly on the Crypshark.
  7. The blocked token can always be unblocked in the current month in which you participate in trading. The release is then carried out until the 5-th of the following month. After the release you can use your token as you wish (hold it, exchange it for USDT). If it is not unlocked, you will automatically participate in trading again next month with the locked STT. In the following month you will have the possibility to unlock your STT again, and so on.
  8. The return is automatically credited to your wallet at the Crypshark, in STT, always by the 5th of the following month, and is at your free disposal (hold, exchange in USDT, participate in trading the following month by extending the block).
  9. A STT always has the fixed value of 10.00 USDT. Therefore they have no price risk. Furthermore the purchase of STT is guaranteed by the Fincity TRX (Crypshark). Therefore they are not dependent on the market.
  10. Responsible for trading is the company Fincity TRX in cooperation with an Austrian trading company which takes over the trading.
  11. The current chart is published regularly, automatically, always on the 5-th of each month on the STT website and on the Crypshark, to show and guarantee transparency. A trading report is also provided on request, for a small fee.

Buying and Selling Tokens

Token selling is not a public offering of equity or debt and consequently does not fall under the securities or any prospectus regulation. Company reserves the right to amend STT token at any time, based on its sole discretion.

Knowledge required

  1. The user purchasing STT Tokens expressly acknowledges and represents that she/he has carefully reviewed the Terms and Conditions and fully understands the risks, costs and benefits associated with the acquisition of this token
  2. The User undertaking to acquire STT Trading Token should ensure that she/he understands and has significant experience of cryptocurrencies, blockchain systems and services, and that she/he fully understands the risks associated with Trading, as well as the mechanism related to the use and custody of cryptocurrencies.
  3. FinCity TRX s.r.o. shall not be responsible for any loss of STT Tokens or situations making it impossible to access to STT Token, which may result in any actions or omissions of the future User or any person undertaking to acquire STT Tokens.

Risks

  1. Customer understands and accepts the risk of loss of portfolio value, i.e., loss of the number of staked STT tokens if a slashing or negative event were to occur.
  2. Locking STT means that STT token is then staked in a new pool of crypto assets to earn a reward (yield).
  3. Number of locked STT tokens correspond to the value of virtual assets portfolio. Loss of the number of STT tokens can occur if virtual assets portfolio lose value. This is known as impermanent loss because it is only realized if STT tokens are unlocked and withdrawn.
  4. The number of STT tokens can be lower, but it may no longer affect you if virtual assets portfolio rebound and number of tokens increase and supruss initial number.
  5. Customer acknowledges that purchasing and locking STT token (or any other digital currency offered by Crypshark) involves risk and you will not hold FinCity TRX accountable for any gains or losses that you incur as a result.
  6. The value of a virtual assets portfolio can fall or rise at any time. Past performance, simulations, or forecasts are not reliable indicators of future performance.
  7. FinCity TRX emphasizes that virtual currencies are subject to considerable fluctuations in value and an exact forecast of the price development of virtual currencies is not possible. Crypto Management GmbH tries to reduce this risk for customers by means of a proprietary trading strategy. However, there is a risk that due to unexpected price fluctuations, virtual portfolios may lose considerable value.
  8. FinCity TRX is not liable for any damages or losses caused by force majeure, insurrection, war and/or natural disasters. FinCity TRX is not liable for damages or losses caused by extraordinary and/or unforeseeable circumstances that are not under the influence of FinCity TRX.
  9. These circumstances may constitute but are not limited to malfunctions of the software and/or hardware of third parties and/or customers.
  10. Legal Risk concerning Security Regulation. There is a risk that in some jurisdictions STT Trading Tokens might be considered as a security in the future. Company does not give warranties or guarantees that STT Trading Token are not a security in all jurisdictions.
  11. Internet transmission risks. You acknowledge that there are risks associated with utilizing an Internet-based digital assets, products and website including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that the Company shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using our services, website or platform.
  12. Cryptography risks. You acknowledge that there are risks associated with cryptography, such as code cracking or technical advances such as the development of quantum computers, could present risks to all tokens including STT Tokens.This could result in the theft, loss, disappearance, destruction or devaluation of STT Tokens.
  13. Risk of unfavorable regulatory action in one or more jurisdictions. Blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. STT Token could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions on the use or possession of STT Token, which could impede or limit their existence, permissibility of their use and possession, and their value.
  14. Risk of theft and hacking. Hackers or other groups or organizations may attempt to interfere with your third-party wallet, the Website or the availability of STT Tokens in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks.
  15. Unanticipated risks. Cryptocurrencies and blockchain technologies are new and untested technology an in addition to the risk outlined in these Terms, there are also unforeseeable risks that may materialize as unanticipated. 13. You acknowledge, agree and warrant that you have been warned of the potential risks involved by using our services, website and product and other relevant technologies mentioned herein as well as that there may be other risks involved, which are not specified herein and that you fully accept such risks.

Anti-Money Laundering; Funds and Payments.

  1. Sanctions Compliance. Neither you, nor any person having a direct or indirect beneficial interest in, or any person for whom you is acting as agent or nominee in connection with STT Tokens, has been or the subject of sanctions administered or enforced by the United States (including without limitation the U.S. Department of the Treasury’s Office of Foreign Asset Control), the United Kingdom, the European Union or any other Governmental Authority (collectively, “Sanctions”), organized or resident in a country or territory that is the subject of country-wide or territory-wide Sanctions, or otherwise a party with which the Company is prohibited from dealing with under applicable Laws.
  2. To the extent required by applicable Laws, you has complied and will continue to comply with all anti-money laundering and counter-terrorism financing requirements.
  3. Funds and Payments. The funds, including any fiat, virtual currency or cryptocurrency, you use to purchase STT Tokens are not derived from or related to any unlawful activities, including but not limited to money laundering or terrorist financing, and you will not use, or permit the use of, STT Tokens to finance, engage in or otherwise support any unlawful activities.