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.
● 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.
20. 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.
23. 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.