The main content of
these basic Terms of Service is that the company separately notifies the
members for the rights and interests of the company and members, in order to
fulfill the legal obligations under the Act on the regulation of the Terms of
Service. Therefore, members must check the main contents of these Terms of Use.
When a visitor enters
the member's account, password, and other information that matches the login
information provided to the company to use the company's services and accesses
the company's mobile and web pages, all transactions made during the relevant
access period The conduct is considered to be due to the true intention of the
member. Therefore, members must maintain the security of their accounts,
passwords and other information, and must be careful of damage caused by
financial accidents or crimes themselves.
In the case of cryptocurrencies such as bitcoin, the issuer does not exist, so no third
parties inside or outside the United Arab Emirates (including companies)
guarantee value or guarantee payment. Therefore, cryptocurrencies such as
bitcoin may have very large volatility depending on the law of the United Arab
Emirates government, the interpretation of the
authority of the administrative agency, and the economic environment, and the
interpretation of legal actions for transactions of cryptocurrencies such as
bitcoin differs from country to country. Since there are inherent risks,
members must pay attention to this point.
In the case of Aladdin
Exchange transaction service, it is a service provided by the company so that
members can trade cryptocurrencies with third parties using blockchain
technology. Currently, blockchain technology is evaluated as non-modifiable by
a third party, but this can be changed at any time due to technological
advances or other unforeseen circumstances.
The transaction details
of the cryptocurrency are recorded in the blockchain, allowing cryptocurrency
users around the world to check the truth of the transaction. However, if the
consistency of the blockchain for which transaction details are confirmed is
damaged due to reasons attributable to a third party such as a communication
service provider, inspection of the server in the company, or errors in the
blockchain itself, transactions are made by the company or a third party other
than the company. History can be restored to a specific point in the past.
The company makes
efforts to provide 365 days, 24 hours service, but this is not a guarantee. In
the event of a problem such as a temporary suspension of the service or an
error in the service due to illegal acts of a member or a third party, the
company resolves the problem and resumes the service. In this case, the member
may request the company to recover based on the transaction record held by the
company.
Recently, there have
been cases of using cryptocurrencies such as bitcoin as a means of electronic
financial fraud such as smishing and pharming. Therefore, members must take care
of themselves so that damage does not occur due to electronic financial fraud,
and if an investigation by an investigative agency, judiciary, administrative
agency, or other public authority is required due to an electronic financial
fraud, the account and electronic wallet need to be frozen, The company may
freeze the account and electronic wallet without the consent of the member.
In the event of damage
to the company due to the member's illegal activity, the company may exercise
the right to claim damages against the member according to the law. Therefore,
please be sure to follow the laws and regulations to use the company's
services.
These Terms of Service are for the purpose of stipulating
the rights, obligations and matters of the company and members, and other
necessary matters for the use of Aladdin Exchange and all Aladdin
Exchange-related services that Aladdin Exchange (hereinafter referred to as the
“Company”) is responsible for.
The definitions of
terms used in these terms of service are as follows:
a. If the applicant for membership has previously lost membership in
accordance with these terms of service
b. In case of using the name other than the real name or the name of
another person
c.
When false or incorrect
information is entered or provided, or when the company does not provide
information
d. In case the application cannot be approved due to reasons attributable
to the applicant or in violation of all other matters specified in this
agreement.
e. If you intend to use the service for an illegal purpose or a separate
business purpose
f.
When the application is made for
the purpose of violating related laws or impeding social order or morals
g. If the applicant is a US citizen, the citizens of US territories, or
anyone under the age of 19.
The Company strives to protect the personal information of members in
accordance with relevant laws such as the Act on Promotion of Information and Communication
Network Utilization and Information Protection, and the Personal Information
Protection Act. Regarding the protection and use of personal information,
relevant laws and regulations and the company's personal information processing
policy are applied. However, the company's personal information processing
policy does not apply to screens linked to the outside of the screens produced
and provided by the company.
10.1.
Members must not do the following actions.
10.2.
Members must comply with related laws, these Terms of Service, information
notified or notified by the company in relation to the service, and must not
engage in any other acts that interfere with the company's business.
As time permits, Aladdin exchange will run Staking
Programs for certain kinds of Digital Currencies in order to reward users who
hold these Digital Currencies in their Aladdin accounts, according to certain
rules. You should take note of the following when participating in stake
programs:
a. The Staking Programs are free unless otherwise
indicated by Aladdin, and Users may trade during staking periods;
b. The proceeds of any Staking Programs are not
guaranteed by Aladdin;
C. Aladdin reserves the right to initiate or terminate
Staking Programs for Digital Currencies at any time or modify the rules
associated with such programs;
d. Aladdin Account holders shall ensure that the sources
of the Digital Currencies they hold are legal and compliant, and comply with
any laws and regulations related to these currencies. In any event, Aladdin
reserves the right to take necessary steps in pursuance of these Terms or
Aladdin Platform Rules, including, without limitation, freezing Aladdin
Accounts or removing the Digital Currencies that have been granted to Users who
violate the rules of respective Staking Programs.
Similarly, Aladdin Exchange will run Special Trade Plans
for users to earn a certain percentage of digital currencies based on the
number of digital currencies they trade for 365 days within the Aladdin
Exchange Special Trade portal. You should take note of the following when
Subscribing to Aladdin Exchange's Special Trade Plans:
a.
The Special
Trade Plans are free unless otherwise indicated by Aladdin;
b.
The proceeds
of any Special Trade Plans are not guaranteed by Aladdin;
c.
Aladdin
reserves the right to initiate or terminate Special Trade Plans for Digital
Currencies at any time or modify the rules associated with such programs;
d.
Aladdin
Account holders shall ensure that the sources of the Digital Currencies they
hold are legal and compliant, and comply with any laws and regulations related
to these currencies. In any event, Aladdin reserves the right to take necessary
steps in pursuance of these Terms or Aladdin Platform Rules, including, without
limitation, freezing Aladdin Accounts or removing the Digital Currencies that
have been granted to Users who violate the rules of respective Special Trade
Plans.
e.
Aladdin
Exchange will not return the traded digital currencies, and will instead
convert them into rewards distributed weekly for 365 days.
Aladdin Exchange also holds Airdrop events for users.
These events are promotional campaigns where Aladdin Exchange distributes free
tokens to users. These tokens can be newly launched NFT token projects.
Participating in an Airdrop event can be a great way to discover new
cryptocurrencies and potentially earn some more.
You must be aware of the following important details
when participating in Aladdin Exchange's Airdrop events:
●
Yemen
●
Sri Lanka
●
Ethiopia
●
Syria
●
Trinidad and Tobago
●
Tunisia
●
Pakistan
●
Serbia
●
Bahama
●
Botswana
●
Ghana
●
Cambodia
●
Iran
●
North Korea
●
China
●
The United States of America and
the US territories
●
The Independent State of Samoa
a.
The member is not a national, a
citizen or a permanent resident of a prohibited jurisdiction.
b.
Access to the Service will not be
possible while in prohibited jurisdictions.
c.
You have determined that you are
of majority age, possess the legal capacity to form a binding contract, and are
fully empowered to accept the TOS, use the Services, and conduct any
transactions on the Website.
d.
The information you provided to us
is accurate, true, and up-to-date.
e.
The Services are used by you only
for your personal interest and not by any other person, and you control all
keys and passwords to your account. If you are a natural person, you are not
acting as an agent or proxy for any other natural or legal person.
f.
All access to and usage of the
website and everything conducted on it are in full compliance with all
applicable laws, regulations, regulatory documents, and policies of the
Company. In particular, all
cryptocurrencies you bring on to the Website are legally obtained by you, and
none of them were derived from criminal activity, fraud, terrorism, or money
laundering.
g.
You have not and will not violate
the rights any third party by using the Services.
h.
Cryptocurrencies (of any kind)
that you use to transact on the Website are legally owned by you or you are
legally allowed to conduct trades with them.
i.
You are in compliance with all
relevant laws and regulations in your jurisdiction, and will continue to abide
by them, including reporting any trading or profits for taxation purposes.
j.
You haven't been removed from any
other exchange (including cryptocurrency exchanges or financial trading
platforms) for any reason at all.
k.
You have received independent
legal and financial advice before using any Services and have made an
independent judgment independent of any advertisements published by the Company
in your decision to use them.
l.
You have not used or will not use
any device, software, or system that alters your IP address from where you are
physically located in order to access our Website or Services.
a.
Malicious Software. The use of any software,
or program, that interferes with or attempts to interfere with the Company's
daily operation, system, software, or any transaction or activity on the
Website is prohibited.
b.
Do not distribute, upload, or
transmit any malicious software.
c.
Do not interfere, intercept, or
expropriate any system, data, or information.
d.
Do not materially burden network
capacity in a way that disrupts a Company's system or our services.
e.
Illegal Activity. Use of the Company's
services is not permitted for any activities deemed illegal or criminal; this
includes money laundering and terrorist activities.
f.
Intellectual Property Protection. You must not
use any of the Company's data, graphics, trademarks, databases, copyrights, or
other IP assets for commercial gain.
g.
Do not reproduce or reverse
engineer any software used by the Company.
h.
Do not use our brand, trademark
without our prior written consent.
i.
Do not provide false, incorrect,
or misleading information.
j.
Do not purposefully try to defraud
the Company or the Company’s members.
k.
Do not try to break into wallet
addresses, websites or any other networks loaded via the Website.
l.
The Company's services and
functionality are not intended for use in engaging in gambling activities,
including but not limited to lotteries, bidding fee auctions, sports
forecasting, fantasy sports leagues, contests, sweepstakes, and games of
chance.
m. Do not attempt to use the service for harassing, abusing, or causing
harm to others.
8. You agree to follow the rules of digital
assets usage including the following:
a. The member must submit an order for buying and selling digital assets
to the company according to the method determined by the company.
b. When a member submits a digital asset trading order, he/she must have
the digital assets necessary to conclude the trading order in the Aladdin
Exchange wallet. If the digital assets available in the member's Aladdin
Exchange wallet are insufficient for the amount to execute the order submitted
by the member, the company will cancel the entire order or fulfill a partial
order corresponding to the digital assets available to the member's Aladdin
Exchange wallet.
c.
The company provides order
confirmation information that summarizes the quantity, price, and commission of
digital assets the member intends to buy or sell before the member submits the
order. Members agree that even if the Company fails to provide such order
confirmation information, orders submitted by members will not be affected.
d. Members agree that the company is not responsible for changes in the
price of digital assets. In the event of an interruption in the digital asset
market or an unavoidable event such as Article 21, Paragraph 1, the Company may take one or more of the
following actions, and the Company shall not be held liable for any losses
incurred to the members due to such actions.
1.
Suspension of access to services
2.
Suspension of all activities in
the service
e. In order to check whether the information provided by the member
matches the facts when depositing and withdrawing cash and digital assets, the
company may request real name verification or identity verification within the
range permitted by law.
f.
If the balance of the digital
asset in the Aladdin Exchange wallet is greater than the amount corresponding
to the outstanding order, the member can send the amount minus the fee to the
external digital asset address. The member is responsible for the accuracy of
the external digital asset address provided by the member, and the company is
not responsible for sending digital assets to the external digital asset
address incorrectly entered by the member.
g. Members can cancel an order only before the order submitted to the
service is concluded. For partially executed orders, you can cancel the
remaining unfulfilled orders. The company may reject a request for cancellation
if a member submits an order at the market price.
1.
The company may suspend all services if it is difficult to continue the service
due to serious business reasons such as abolition of business due to business
transfer, division, merger, expiration of contracts with important affiliates,
or significant deterioration in profits of the service.
2.
The company can use the service if there is a reason for stopping the provision
of inevitable services such as defects in the digital asset itself, bankruptcy
or dissolution of important affiliates, termination of digital asset
transaction support, related laws and regulations Individual digital assets can
be added or excluded. The company will make reasonable efforts to notify
members in advance whether or not to remove digital assets. When certain
digital assets are excluded from the service provided by the company, the
company may transfer digital assets to personal wallets issued by exchanges
other than the Company for at least 30 days from the date of notification of
suspension of digital asset transaction support. Support.
3.
The content provided by the service is an auxiliary material for the use of the
service, and is not a solicitation or suggestion of investment or transaction.
The company does not guarantee the accuracy of the content and information
provided by other information providers.
4.
The company can support the transaction of new digital assets according to its
operating policy.
More information about the Fee Structure can be
found on this page: https://aladdin25.com/info/fees
●
Users must
follow the Minimum Withdrawal Amount and Minimum Deposit Amount specified on
our website.
●
Users must
pay the set amount of Withdrawal Fees set for each cryptocurrency.
●
Makers must
pay a fixed fee of 0.15%
●
Takers must
pay a fixed fee of 0.15%
●
The company
may restrict the member's service login if it falls under any of the following
items.
1. In case of
hacking and fraud
2. In case of
suspected identity theft
3. When a
national agency requests service restriction in accordance with relevant laws
and regulations
4. When it is
reasonably suspected of being involved in market price manipulation, money
laundering, unfair trade, criminal activity, etc.
5. If the case of
membership is confirmed as a minor
6. If you are
verified as a US citizen or a citizen of US territories.
7. When it is
confirmed that the member is making a deposit and withdrawal transaction to an
account in the name of another person
8. When any other
reason occurs, or when measures are necessary to prevent such occurrence.
●
The company
may withhold or restrict the member's use of transactions, deposits, and
withdrawals in the following cases.
●
Accounts
that are likely to be abused for crimes such as voice phishing and money laundering
(small amounts, long-term unused accounts, etc.) may have their security level
adjusted according to the operating policy.
●
The
conditions and details of restrictions within the scope of use restrictions in
this article shall be determined by the company in the
operation policy and usage guide.
●
In the event of restricting the
use of the service or terminating the use contract pursuant to these terms, the Company shall notify the member.
●
Members may
file an objection to the restriction of use pursuant to
these terms through the Aladdin Exchange Customer Center. At this time, if the
company admits that the objection is justified, the
company immediately resumes using the service.
●
The company
may request a member to clarify the source of the fund in order to determine
whether the reason for the restriction on use applies.
22.
Termination of Use Contract
a.
When it is
unavoidable, such as wartime, incident, natural disaster, or equivalent
national emergency
b.
In case of
compliance with governmental agencies' de facto or legal administrative
measures and orders
c.
In case of
service failure of telecommunication service companies including key
telecommunications business operators under the Telecommunications Business Act
d.
In the event
of a service failure due to a defect in the outsourced system that the company
cannot manage or a cause attributable to the user
e.
In case of
server failure due to instantaneous increase in access to the homepage or a
large number of orders for some items
f.
In the event
of a failure or error in the transaction system, deposit/withdrawal system,
network of each digital asset (ex : Bitcoin network)
within the service.
1.
Appointment and management of
information protection officer
2.
Information
protection education
3.
Computer
room (a place where computing equipment, communication and security equipment
are installed that store important information or necessary for digital asset
transactions, which is the company’s essential business), facilities in the
building where the computer room is located, and information protection system
(information processing system Equipment and programs to protect information,
etc. from leakage, forgery, tampering, or disrupting the normal service of the
information processing system) and information processing systems (hardware,
software and related equipment used in the information technology sector,
including digital asset transactions)
4.
Establish
information security incident response plan
5.
Regular
inspection of information protection measures and countermeasures against
security incidents
6.
Matters
prescribed by digital asset handling companies in other information protection
laws.
25.
Important Matters
Digital assets are not
endorsed by financial institutions or governments. In addition, the high level
of risk associated with digital assets and digital asset trading, volatility in
the cryptocurrency market, problems with internet connection or disconnection,
blockchain, software errors, hacking, phishing or malicious software attacks,
loss of significant or all cryptocurrencies, hard Members agree that the
company or affiliates are not liable for losses arising from or incurred due to
the specified risks, such as changes in laws and regulations in all
jurisdictions related to forking and cryptocurrency. In no case should the
company be construed as guaranteeing the financial security of the digital
assets provided by the company. Members can trade digital assets to recognize
the loss of some or all of their investments. Members are not responsible for
any losses arising or arising from the sale of digital assets available on the
website. The company is not liable in any way.