Terms of Service

Thank you for choosing www.linx-li.com (“the Service”), which is a service provided by CONFERO EUROPE AG (“the Company”, “we”). The following terms and conditions of service apply to customers of the Service. By creating an account on the Service or by using any of the Services, you acknowledge that you have read, understand, and completely agree to these terms and conditions in effect from time to time. If you disagree with these Terms and Service or with any subsequent amendments, changes, or updates, you may not use any of the Services.

LINX reserves the right to change or modify the terms and conditions contained in this clause at any time, including but not limited to any policy or guidelines of the Service. We will post the modified terms and conditions to the Service and place the last revision date at the bottom of the Terms or by email to the user’s registered email address or in any other way determined by LINX. We would like you to check back often to these terms and conditions to confirm that your copy and understanding of the Terms of Service is current and correct.

The use of the Service is void where prohibited by applicable law.

LINX provides an online service that allows users to exchange among themselves different blockchain tokens, which are data that typically represents the transaction, access, or other participation rights on corresponding blockchain networks (collectively, “Tokens”). LINX may make available to user other ancillary services to facilitate the exchange of tokens like lending, limit orders, and stop orders.

Article 1 Purpose

The purpose of these terms and conditions are intended to define the rights, duties, responsibilities and other necessary matters of the Company and its users regarding the use of Service and related services provided by the Company.

Article 2 Definitions

The definition of terms used herein is as follows:

1. Service: all and any service and all various service related thereto, regardless of a terminal (including PC, various wire/wireless devices such as a portable terminal, etc.) that users can use which are provided the Company.
2. User: a person who has made a service use contract by consenting to this term and signing up for a membership.
3. Cryptocurrency: peer-to-peer decentralized digital representation of value (e.g. Bitcoin, Ethereum, etc.)
4. Market: a virtual space where a virtual asset (cryptocurrency) can be bought and sold at the will of a user.
5. Seller: a user who registered or requested a virtual asset according to the form provided by the Company online for selling a relevant virtual asset.
6. Purchaser: a user who registered or requested a virtual asset according to the form provided by the Company online for purchasing a relevant virtual asset.
7. Account: the letter or combination of numbers that the Company has given to the user to identify and provide the Service after the user agrees to the Terms of Service and the Privacy Policy.
8. ID: an email address that a user set up as approved by the Company for confirmation of identity of a user and the service use.
9. Password: a combination of characters and numbers that a user set up as approved by the Company for confirmation of identity of a user and protection of user information.
10. Security Password: 4 digits of numbers that a user set up as approved by the Company for confirmation of such as transaction, changing password, etc. and protection of user information.

Article 3 Publication and Amendment of Terms

1. The Company will post the contents of this agreement within the Service or connection screen so that the users can easily understand the contents of the agreement.
2. If necessary, the Company may revise these terms and conditions to the extent not inconsistent with applicable laws and regulations
3. If the Company revises these terms and conditions, the revised contents and the effective date will be announced from 7 days prior to the application date to the day before the effective date.
4. However, in case of change that is disadvantageous to the user, the change will be announced 30 days before the effective date.
5. Even though the Company exactly gives public notice of the intention that, if a user fails to express his/her intention until the day before the date of application, it is deemed that the intention of acceptance has been expressed, if the user didn’t express his/her intention of refusal, the user is deemed to have consented to the revised terms.
6. In the case a user doesn’t agree to the amended terms, he/she can express his/her intention of refusal and cancel the service use contract.

Article 4 Interpretation of Terms

1. The Company may have separate operation policies other than this terms for the Service.
2. The matters or interpretation not specified in these terms shall comply with the operation policy, use guidelines and relevant laws and regulations.

Article 5 Contract for Use

1. The contract for use is concluded by the person who wishes to become a user (hereinafter referred to as “applicant”) by agreeing to the contents of the terms provided by the Company, completing the application for membership in accordance with the procedure set by the Company.
2. The time of becoming a user is the time approval of the Company reaches a user.
3. The Company may reject the application of an applicant for membership or, even after signing up for membership, may cancel the approval or cancel the use contract in any of followings:
   1. In case of using personal information in a name other than one’s real name or in another’s name;
   2. In case of providing false information or has not providing information required by the Company;
   3. In case of applying in violation of all other matters stipulated in this agreement;
   4. In case of using the Service for illegal purposes or for other business purposes;
   5. In case of application is made for the purpose of violating related laws or impeding social order or morals;
   6. In case of applicant has previously lost membership under these terms;
   7. In case of applicant is under 18 years of age;
   8. In case of applicant is a citizen, permanent resident, resident, etc. of a country or region designated as a country of interest in preventing money laundering by the Financial Action Task Force (FATF);
4. The Company may reserve the acceptance of the application for use under the following subparagraphs:
   1. If there is no additional capacity to accept new users;
   2. In case of technical difficulties;
   3. Any other internal reasons which prevent the Company from accepting new users
5. The Company may ask for verification of the real name or identity verification through professional organizations to the extent permitted by law to check whether the information provided by the user is in fact consistent with facts. The Company shall not be held liable for any disadvantages caused by the refusal of such a request for provision and the user’s identity is not confirmed.

Article 6 User Application

1. User application is made online by entering the required information in the Company’s prescribed application form.
2. All user information on the online sign-up form is considered to be genuine information, and users who have not entered their real name or genuine information will not be legally protected and may be restricted from using the Service.
3. The Company may temporarily or permanently suspend the use of the Service or terminate the agreement if the information provided during sign-up is found to be false or incorrect information. Any damages incurred by the Company or any third party are the sole responsibility of the user.

Article 7 Suspension and Cancellation of Use Contract

1. The user contract terminates by cancellation of a user or the Company.
   1. A user may terminate the service contract by applying for termination to the Company after transferring all of his or her assets such as cryptocurrency.
   2. The Company may terminate the use of the service or limit the user of the service when the user has performed any of the following subparagraphs:
      1. In the case of stealing or illegally using other people’s personal information, the Service ID and passwords;
      2. In the case of intentionally obstructing service operation;
      3. In the case of sign-up with a name other than real name;
      4. In the case of sign-up by under the age of 18;
      5. In the case of a user does not agree to the our Terms of Service;
      6. In the case of using the Service for the purpose of undermining the public interest;
      7. In the case of where the user commits an act that damages or disadvantages the reputation of others;
      8. In the case of transmitting large amount of information or advertising information for the purpose of interfering with the operation of the Service;
      9. In the case of distributing virus programs, etc. that cause malfunction of information and communications facilities or destruction of information;
      10. In the case of obtained information of the Service is reproduced, distributed, or commercially used without the Company’s prior consent;
      11. In the case of the same user double-registers with a different ID;
      12. In the case of infringing the intellectual property rights of the Company, other users, or third parties;
      13. In the case of collecting, storing and disclosing personal information of users without their consent;
      14. In the case of sign-up by executives and employees of other cryptocurrency exchange companies (except for cases approved by the Company);
      15. In the case of sign-up by a corporation that is or is planning to operate a cryptocurrency exchange business (except for cases approved by the Company);
      16. In the case of objectively deemed that the user’s use of the Service is related to a crime;
      17. In the case of trading crypto on behalf of another person for the purpose of earning profits such as commissions;
      18. In the case of user’s actions violate other related laws.
2. Service suspension or restriction procedure.
   1. If the Company wishes to suspend or limit the use of the Service, the Company shall notify the user of the reason, date and time, in writing (including e-mail), telephone, or a message function on the website.
   2. However, if the Company acknowledges that it is necessary to urgently stop using the Service, it may restrict the use of the Service without the process of the preceding paragraph.
   3. In case the member or his/her representative who was notified of suspension of the use has an objection to the suspension of the use, he/she may raise an objection.
   4. The Company may cancel the suspension of use if the reason for suspension of use has been resolved.
3. Cancellation of use contract.
   1. In case, after the Company suspended or restricted the service use, the same act is repeated 2 times or more or the cause is not rectified within 30 days, the Company may cancel the use contract.
   2. If the Company terminates the service contract, the Company may notify the user and give an opportunity to explain it.

Article 8 Management of User Information

1. Users are responsible for ensuring that all information necessary for account access, including passwords, is kept secure so that unauthorized third parties may not gain unauthorized access to users’ accounts.
2. Users should immediately notify the Company if their account access information is lost, stolen, or otherwise disclosed to a third party. The Company may immediately take measures such as suspension of account use.
3. The Company shall not be held liable for any damages incurred to the user due to loss, theft or disclosure of access information such as user’s account password.

Article 9 Change of User Information

1. Users may view and modify their personal information at any time through the Service. However, the account information necessary for service management cannot be modified such as ID, real name, date of birth, etc.
2. In case the details stated by a user when he/she signed up for membership changed, the user shall give notice of the changed matters to the Company by e-mail or otherwise.
3. The Company shall not be held responsible for the disadvantage caused by the user not notifying the Company of the change of the preceding paragraph.

Article 10 Provision of Information

1. The Company may provide the following service information, which is deemed necessary by the user during the use of the service, to the user by e-mail but if the user does not want it, user may opt out.
   1. Service related to virtual asset transaction;
   2. An event and event-related service;
   3. Other service that the Company determines and provides the user.

Article 11 Provision and Change of Service

1. The Company provides services related to cryptocurrency transaction and services incidental to or related to it. The Company may add, change or terminate individual services from time to time depending on the circumstances of the Company. In this case, the Company notifies the user in advance.
2. The Company notifies the characteristics, procedures and methods of each service according to the type of service thought the Service screen, and the user is responsible for understanding and using the Service.

Article 12 Maintenance and Suspension of Service

1. The user of the Service is based on all the year round and 24 hours a day unless there is special impediment professionally or technically in the Company, except for the day or time the Company has announced in advance for the necessity of regular, etc.
2. The Company may fix the available time by each scope by dividing the Service into certain scopes, in this case, the Company shall publicly announce the contents in advance.
3. The Company may suspend provision of the Service in any of followings. In this case, the Company gives notice of suspension of rendering service in advance except for an unavoidable case:
   1. In case it is unavoidable due to construction such as repair, etc. of equipment for the Service;
   2. In case of the Service provided using a third party including an affiliated company, etc. which is not the service directly provided by the Company, the third party such as the affiliated company, etc. suspended the service;
   3. In chase of other force majeures.
4. When there is any difficulty in normal service user due to a state of national emergency, power failure, impediment of service equipment or excessive service use, etc., the Company may restrict or suspend all or part of the service.

Article 13 Restriction of User on Deposit and Withdrawal

1. The Company may restrict the use of deposit and withdrawal of a user or delay approval of the use in any of followings:
   1. In case the name of a user is different from the name of a depositor;
   2. In case the use is beyond the scope of the service as prescribed by the Company;
   3. In case the Company receives information that the account of a user is used for illegal acts from a government agency such as the police, national tax service, etc. and financial institutions.
2. In case a user fails into one of the above paragraphs, the Company gives notice of the contents to the relevant user through a method of giving notice, etc. of the homepage.
3. In case a cause for use restriction and delay arises repeatedly, if it falls under cancellation conditions stipulated by a manager or an operator, the Company may cancel the use.

Article 14 Obligation of User

1. A user shall not do any of following acts:
   1. Stealing other’s information;
   2. A change in the information posted by the Company;
   3. Transmission or posting of the information (computer program, etc.) other than the information prescribed by the Company;
   4. Infringement of intellectual property right such as copyright, etc. of the Company and a third party;
   5. An act which damages the reputation or interfere with the business of the Company and/or a third party;
   6. An act of disclosing or posting on the Service of the indecent or violent message, video, voice, false facts and other information contrary to public order and good morals;
   7. An act of using the Service for making profit without prior approval of the Company;
   8. An act of having an access to the Service through automated means such as Agent, Script, Spider, Spyware, Toolbar, etc. or other illegal methods, an act of unfairly generating or increasing the number of times of exposure or clicks, an act of applying for use of the service and an act of overloading the server of the Company;
   9. An act of colleting personal information and account information of other users;
   10. An act of disturbing sound trade order in a way that the user has an unfair effect on the price of cryptocurrency;
   11. An illegal act or an act of causing damage to the Company or others.
2. The user shall observe the matters, etc., announced or notified by the Company in relation to relevant laws, this clause, use guidelines and service, and shall not do an act which disturb the business of the Company.

Article 15 Ownership of Rights

1. Copyright and intellectual property rights for the service belong to the Company.
2. In connection with the Service, the Company grants only the right to use accounts, IDs, services, etc. to the user according to the terms of use set by the Company, and the user shall not transfer, sell, provide collateral, or shall not provide similar services or engage in commercial activities.

Article 16 Copyright of the post

1. The copyright of the postings posted by users in the Service is protected by copyright law and provides a perpetual license to use the Company in a legitimate process and method as follows:
   1. The right to use, edit, store, reproduce, modify, disclose, transmit, publicly post and distribute any post for the purpose of operation, improvement, development, promotion of services.
   2. Right to create and distribute the secondary works of the post.
   3. The right to have media and telecommunication companies broadcast and post the contents of this post for the purpose of promoting the Service.
2. If the Company wishes to use the user’s posts in anyway other than the foregoing, the user’s consent can be obtained in advance.
3. In the event that a user terminates the use agreement or cancellation of the use agreement, this copyright will continue to be within the scope of the purpose set forth in paragraph 1, including improvement and promotion of the Service.

Article 17 Right of Use of Posts

1. Any loss or other problems arising from the unauthorized use of the user’s postings are the sole responsibility of the users, and the Company is not responsible for it.
2. Users shall not use the postings for the purpose of infringing the right of others such as portrait rights, copyrights and other intellectual property rights and other rights, and the user is responsible for all the consequences resulting from actions that infringe the rights of others.
3. If a user uses the post without the consent of the Company and causes harm to the Company, the user has a legal obligation to compensate the Company.

Article 18 Management of Posts

1. Users shall not include in the post any content or false facts that infringe the copyrights of others. If a user’s post contains information that violates related laws, the right holder may request the posing of the posting to be deleted or deleted in accordance with the procedures set by the related laws, the Company shall take measures in accordance with the relevant laws and regulations.
2. The Company may refuse to post or delete the post if there is a reason for the violation of rights, it is deemed to be a false fact, or it violates other company policies or related statutes, even if there is no request from the right holder under the previous paragraph.

Article 19 Selling/Purchasing Cryptocurrencies

1. A user who intends to sell or purchase a cryptocurrency through the service provided by the Company can place an order and conclude a transaction only according to the method and procedures determined by the Company.
2. All services provided by the Company to the users in connection with the sale/purchase of the cryptocurrency are granted to each user only, and the users are prohibited from providing similar services or using them commercially beyond the rights granted by the Company.

Article 20 Limitation on Use of Transaction Services

1. The Company may restrict the use of services other than the login service in the event of any of the reasons listed in article 7 of this agreement or any of the following reasons. However, the Company shall immediately lift the restriction if the customer makes a reasonable request.
   1. When password is wrongfully entered for 5 consecutive times;
   2. Hacking / fraud incidents;
   3. In case of suspected use someone’s name illegally;
   4. Request for restriction of service by a national agency pursuant to applicable laws;
   5. Involvement or alleged involvement in market price manipulation, money laundering, unfair trade or criminal act;
   6. In case a user registered a s a minor or a non-resident alien;
   7. In case the user is found to be engaged in the transaction to another person’s account;
   8. In case of occurrence of other reasons or measures to prevent such occurrences are necessary.
2. Accounts (including small amounts, long-term unused accounts, etc.) that may be abused for crimes such as voice phishing and money laundering may have their security level adjusted according to the operation policy.
3. The conditions and details of restrictions within the scope of this Article shall be determined by the Company in the operation policy, user guide, etc.
4. If the service use is restricted or the service contract is terminated pursuant to this Article, the Company shall notify the users by the method by e-mail, etc.
5. The user may raise an objection to the restriction of use, etc. under this Article. If the company recognizes that the objection is justifiable, the Company immediately cancels the restriction.

Article 21 Commission related to Virtual Asset

In case a user uses the Service provided by the Company such as virtual asset transaction service, virtual asset deposit/withdrawal service, etc., the user shall pay a commission for the use. A commission is specified in ‘Commission Guide’ of the Service, and may change according to the situation of the Company and the market.

Article 22 Privacy Policy

The Company shall use the users’ personal information only within the scope agreed by the users and make efforts to protect the users’ personal information. The Company shall not provide the user’ personal information to third parties except when required by statutes or when the users agree otherwise, and the details thereof shall be determined by the Privacy Policy. For more information, please see our Privacy Policy.

Article 23 Exemption from Liability and Compensation for Damage

1. The Company shall not guarantee any matters not specified in this Agreement with respect to the Services. Also, the Company does not guarantee the value of any cryptocurrencies. In the future, there is a possibility that cryptocurrency transactions will be prohibited, restricted, or taxed due to changes in laws or policies, limiting the holding or trading of cryptocurrencies, or being treated more disadvantageously than present. In this case, there is a possibility of unexpected losses. Please contact the tax office yourself or an expert such as a tax accountant or lawyer for more information.
2. The Company shall not be held liable for any damages caused by the following reasons, except in cases of intentional or gross negligence by the Company.
   1. In inevitable cases, such as war, incident, natural disasters, or equivalent national emergency;
   2. In case of compliance with administrative dispositions, orders, etc. by a government agency in effect or by law;
   3. In case of a service failure of a telecommunication service provider under the Telecommunications Business Act;
   4. In case of a service failure due to a defect in the outsourced system that the Company cannot manage or due to attributable to the user;
   5. In case of server failure due to a DDoS attack, IDC failure, instantaneous increase in homepage access, or a flood of orders in some categories, etc.;
   6. In case of failure or error in the transaction system, deposit and withdrawal system, or network failure or each cryptocurrency network within the Service;
   7. In case of blockchain problems, defects in the cryptocurrency issuance management system itself, or technical problems;
   8. In case of services provided free of charge.
3. The Company may conduct regular, irregular, or urgent server and system checks. After the server maintenance is completed, the Company may cancel the pending order if necessary, for user protection according to the Company’s discretion.
4. If anyone acquires or receives cryptocurrency owned by a third party without authorization due to service error, computer failure, or other reasons, the Company may take necessary measures, such as retrieving or restoring the cryptocurrency to its original state.

Article 24 Bankrupt

Changes in the external environment (including the reinforcement of laws and regulations on cryptocurrencies), deterioration of the company’s financial situation, and bankruptcy of consignors that provide systems and other necessary services to the Company may prevent us from continuing our business.

If the Company becomes unable to continue its business, the procedures will be carried out in accordance with the bankruptcy law, the civil regeneration law, the corporate rehabilitation law, and the company law, including the response to the users’ assets.

The users may deposit cryptocurrencies to the Company, but those are managed separately from our assets. However, in the event of bankruptcy, the users’ assets may not be returned, which may result in loss to the users. Also there is a possibility that the cryptocurrency may be lost or its value reduced due to bankruptcy of the issuer or manager of the cryptocurrency.

Article 25 Disclaimer of Representation and Guarantee

1. The trading of cryptocurrency through the Company’s Service is a direct transaction between the seller and the purchaser, and the Company does not become a party to the transaction or make a transaction on behalf of the seller or purchaser. The Company does not have the authority to act on behalf of a user who intends to sell or purchase cryptocurrency, and any actions of the Company are not regarded as acting on behalf of the seller or purchaser.
2. The Company shall not guarantee the validity or legality of the sell or purchase intention in connection with the sake of virtual currency through the Company’s services.

Article 26 Notice to Users

1. When the Company notifies to users, it can be sent using the e-mail address provided by the user, unless otherwise specified in these terms and conditions.
2. When the Company notifies all users, it can replace the notice in the preceding paragraph by posting it on the board in the Service.

Article 27 Jurisdiction and Governing Laws

This Terms of Service shall be governed and interpreted by the Laws of Liechtenstein Special Administrative Region of the Europe. Any litigations arising from disputed between the Company and users concerning the user of the Service shall be governed by the Laws of Liechtenstein Special Administrative Region of the Europe.

 

Agenda

This Terms of Service shall be effective December 30, 2023.