Terms of Service

[Notice] Main Contents of the Terms of Use

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.

1. Purpose

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.

2. Definition

The definitions of terms used in these terms of service are as follows:

  1. "Service" means the Company's digital asset transaction service and related services that can be used by members regardless of terminal (including various wired and wireless devices such as PCs and portable terminals).
  2. "Member" refers to a customer who accesses the service, signs a use contract with the company in accordance with these Terms of Service, and uses the service provided by the company.
  3. "ID (ID or account)" refers to a combination of letters or numbers that the company gives to the member to identify the member and provide the service after the member agrees to these Terms of Service and privacy policy.
  4. "Digital asset" refers to information that exists electronically in the blockchain, such as Bitcoin and Ethereum that can be traded in the service, and refers to the object of the service.
  5. "External Digital Asset Address" means any digital asset address or account owned or used by a Member or another person, outside of the Service. Addresses of external digital assets are not owned, controlled or operated by the company.
  6. "Aladdin Exchange Wallet" means a digital asset wallet used by the Company to store digital assets associated with a Member's Aladdin Exchange ID. Members can send and receive digital assets with "External Digital Asset Address" through "Aladdin Exchange Wallet".
  7. "Post" refers to information or materials in online digital form, such as codes, letters, figures, colors, voices, sounds, images, and images (including complexes of these) provided by the company to members.
  8. "Market" refers to a virtual space where members can buy and sell digital assets according to their will.
  9. "Important Affiliate" refers to a company that provides some important functions of the "Service" by entering into an alliance contract with the "Company".
  10. “Rewards” is an event reward executed by a member on the Aladdin exchange and can be changed with TNC coins in the future.
  11. Some Digital Assets are based on protocols that support “Staking”. The Company may stake these Digital Assets on your behalf if you hold them in your Account. Your Digital Assets might be exposed to additional risk when staked. The Company is not liable for any losses you might incur related to staking.
  12. "Special Trade" refers to the act of trading digital currencies within the Company Special Trade portal. Users will trade their digital currencies within the portal for 365 days to earn weekly digital currency rewards.

3. Posting and Revision of Terms of Service

  1. The company posts the contents of this agreement within the service or through the connection screen so that members can easily understand.
  2. If necessary, the company may revise these Terms of Service to the extent that it does not violate relevant laws and regulations.
  3. We may revise and update this Terms of Service time to time and this will be notified by posting the updated Terms of Service on the website and/or may also send other communications. However, in the case of changes that are unfavorable to members, it will be notified from 30 days before the effective date.
  4. In the event that the member does not expressly express his or her intention to reject it, even though the company clearly informs the member that the expression of intention is deemed to have been expressed if the member does not express his or her intention by the day before the application date while notifying in accordance with the preceding paragraph.
  5. If the member does not agree to the revised Terms of Service, the member may express his or her intention to reject the service by the day before the effective date and terminate the service use contract.

4. Interpretation of Terms of Service

  1. The company may have a separate operating policy in addition to these terms of service.
  2. Any matters or interpretations not specified in these terms of service shall be in accordance with the operating policy, usage guide, and related laws.

5. Conclusion of use contract

  1. In terms of use contract, a person who wants to become a member (hereinafter referred to as "subscription applicant") agrees to the terms of service provided by the company, and then completes the application for subscription according to the procedure set by the company, and the company responds to such application. It is concluded upon acceptance.
  2. The Company may not approve the application of the applicant for subscription if there is a reason falling under each of the subparagraphs below, and if the reasons for each of the following subparagraphs are confirmed even after signing up, the company may cancel the acceptance or suspend the contract of use.

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.

  1. The timing of establishment of the use contract is when the company indicates the completion of account creation in the application process or when a notification in accordance with the method of Article 19 reaches the applicant.
  2. In order to check whether the information provided by the member is consistent with the facts, the company may request real name verification or self-certification through a professional organization within the scope permitted by law.



6. Change of member information

  1. Members can view and modify their personal information at any time through the service. However, the ID required for service management cannot be modified.
  2. If the information entered at the time of membership application is changed, the member must correct the change directly in the service or notify the company of the change through the customer center.
  3. The company is not responsible for any disadvantages caused by the member not notifying the company of the changes in the preceding paragraph.

7. Management of member information

  1. The company is concerned that the member's information may leak personal information, may be misunderstood as someone other than the member himself, or be against antisocial or public morals, infringe on the rights of a third party, or be mistaken for the company and its operator. If there is, you can restrict the use of the member information. In addition, even in other cases, the company may restrict the use of the exchange if it is deemed necessary by the company's reasonable judgment.
  2. If the account and password registered by the member match those registered with the company, the company regards the user as a member without a separate verification procedure.
  3. Members are responsible for keeping all information necessary for account access, including passwords, securely to prevent unauthorized third parties from accessing the member's account.
  4. If the member recognizes that the account access information has been lost, stolen, or disclosed to a third party, the member must immediately notify the company. The company may immediately take measures such as suspension of account use.
  5. The company is not responsible for any damages caused to members due to the loss, theft or disclosure of access information such as the member's account password. However, this is not the case in the case of intentional or negligence of the company.

8. Protection of personal information

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.

9. Company's obligations

  1. The company complies with the relevant laws and regulations and these terms of service, and makes every effort to provide continuous and stable service.
  2. The company may have a security system to protect personal information (including credit information) so that members can safely use the service, and disclose and comply with the personal information processing policy.
  3. If the company deems that opinions or complaints raised by members in relation to the service use are legitimate, they must handle them, and can deliver the processing process and results to members through 1:1 inquiries or e-mail.

10. Member's obligations

10.1. Members must not do the following actions.

  1. Theft of information from others
  2. Change of information posted by the company
  3. Transmission or posting of information (computer programs, etc.) other than the information set by the company
  4. Infringement of intellectual property rights such as copyrights of the company and other third parties
  5. Acts that damage the reputation of the company and other third parties or interfere with business
  6. Disclosure or posting of obscene or violent messages, images, voices, false facts, and other information contrary to public order and good manners.
  7. Using the service for profit without the prior consent of the company
  8. Access to the service through automated means such as Agent, Script, Spider, Spyware, Toolbar, or other illegal methods without prior consent of the company, exposure Unlawfully generating or increasing the number of times and clicks, applying for service use, and causing load on the company's server
  9. Collecting personal information and account information of other members
  10. Disrupting the sound trading order by unfairly affecting the market price of digital assets
  11. Other illegal or unfair practices.

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.

11. Retribution of rights

  1. Copyright and intellectual property rights for the service belong to the company.
  2. In relation to the service, the company grants only the right to use the service according to the terms of use set by the company, and the member cannot transfer, sell, or dispose of it.

12. Provision of Services, etc.

  1. The company can divide the service into a certain range and specify the available time separately for each range. However, in such cases, the contents will be notified in advance.
  2. In principle, the service is provided 24 hours a day, 365 days a year.
  3. The Company may temporarily suspend the provision of services in the event of maintenance, inspection, replacement or breakdown of information and communication facilities such as computers, communication disruptions, or operational reasons. In this case, the company notifies the member through the initial service screen or notice board in advance. However, if there is an unavoidable reason that the company cannot notify in advance, it may be notified afterwards.
  4. The company may inspect if necessary to provide the service, and the inspection time will follow the notice on the service provision screen.

13. Change of service

  1. The company may change the contents of the service, operational and technical matters in order to provide stable service.
  2. When changing the service, the company notifies in advance by specifying the details of the change and the date of application. However, if there is an unavoidable reason that the company cannot notify in advance, it may be notified after the fact.
  3. If the member does not agree to the service change, the member may express his or her intention to reject the service and terminate the use contract.

14. Aladdin Exchange Staking

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.

15. Aladdin Exchange Special Trade

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.



16. Use of Service

  1. The member acknowledges, understands, and accepts the Terms of Service contained in the TOS when registering for membership and/or logging on to the Website.
  2. If a member does not agree with the Terms of Service in the TOS, he or she should immediately stop logging into the Website and cease using the Website's Services.
  3. Any person who is younger than 19 years of age, or younger than the minimum age required by a different applicable law in the member's jurisdiction, is not allowed to use the Service provided by the Company.
  4. Member agrees he/she is capable of reading, understanding, acknowledging, and accepting the Terms of Service.
  5. As required by international monitoring bodies such as the Financial Action Task Force (FATF), users who are citizens, nationals, permanent residents, or residents of a prohibited jurisdiction will not be permitted access to the Service. The following are prohibited jurisdictions:


      Sri Lanka



      Trinidad and Tobago









      North Korea


      The United States of America and the US territories

      The Independent State of Samoa

  1. To the Company, all members certify that:

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.

  1. You agree to follow these rules when you use this Company's 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.

17. Notes on Service Use

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.

18. Service Fee

More information about the Fee Structure can be found on this page: https://aladdin25.com/info/fees

1. Fees disclaimers

  1. Fees may be incurred for part of the Services provided by us to the Users. By using our Services, you agree to incur these fees.
  2. The Company has the right to set and modify our fee structure and at our own discretion. We may also start charging fees on free services. Any fee changes shall be announced in advance.
  3. If you do not agree with any fees charged, You should stop using the Service immediately. You are still responsible for any fees previously incurred.
  4. Unless otherwise stated or agreed, the User agrees that we have the right to automatically and without prior notice deduct the above-mentioned service fees directly from the assets of the User account.
  5. If You do not pay in full and on time, we reserve the right to interrupt, suspend or terminate the service.

2. Fee Structure


       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%

19. Deposits and Withdrawals

  1. Users may fund their Aladdin Exchange account by depositing Digital Currency. Digital Currency deposited in your Aladdin Exchange account can only be traded on our platform.
  2. Deposit and withdrawal are subject to limitation and will incur fees.
  3. Users must deposit more than the minimum deposit amount specified on our Fee Structure chart.
  4. If users deposit less than the minimum amount, the deposited amount will be forfeited.
  5. Minimum amount accumulation will be dealt based on case by case basis. We strongly advise users to deposit more than the minimum amount as the process may take up to a month to resolve.

20. Restrictions on use, etc.

       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.


  1. If the case of membership is confirmed as a minor
  2. Hacking and fraudulent accidents have occurred or are suspected to have occurred
  3. In case of suspected identity theft
  4. When a national agency requests service restriction in accordance with relevant laws and regulations
  5. If you are involved in or reasonably suspect that you are involved in market price manipulation, money laundering, unfair trade, criminal activities, etc.
  6. When it is confirmed that the member is making a deposit and withdrawal transaction to an account in the name of another person
  7. In the event of any other reason corresponding to each of the subparagraphs, or when measures are necessary to prevent such occurrence
  8. When deposits are made to trade digital assets on behalf of others such as purchasing agents
  9. When it is difficult for the company to check the IP that the member actually accessed, such as when connecting using a VPN
  10. If the account is presumed to be used for crime (voice phishing, etc.)


       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

  1. Members can apply for termination of the use contract at any time through the customer center in the service, and the company must deal with it immediately as stipulated by relevant laws.
  2. When the following reasons occur to the member, the company may set a time limit to use the service and request correction. Despite the request for correction, the contract of use may be terminated if the correction is not made within a considerable period of time or if the same violation is repeatedly committed two or more times.
    1. In the event of a violation of the member's obligations stipulated in these Terms of Service.
    2. In case of violating related laws such as illegal communication and hacking in violation of the Act on the provision and operation of illegal programs in violation of copyright law, promotion of information and communication network use, and information protection, distribution of malicious programs, and excessive access rights.
    3. When an act or attempt is made to hinder the smooth progress of the service provided by the company
    4. In the case of any other reason that cannot maintain this contract due to the reasons applicable to each subparagraph.
  3. Upon termination of the use contract pursuant to the preceding paragraph, all benefits obtained through the use of the service lapse, and the company does not compensate for this.
  4. In the event of termination of the service use contract pursuant to this Article, the Company shall notify the member by the method pursuant to Article 19.
  5. When the termination of the use contract is completed, all information of the member except for the information that the company must hold in accordance with the relevant laws and personal information processing policy will be deleted.
  6. In spite of the preceding paragraph, if the company terminates the use contract pursuant to 18.2, the company may keep the member's information for a certain period of time for receiving and processing the member's objection, and after that period, the member's information (however, Digital asset transactions are excluded).

21. Notice to Members

  1. When the company notifies the member, it can be done using the e-mail address provided by the member unless otherwise specified in these Terms of Service.
  2. If the company notifies all members, it can replace the notice in the preceding paragraph by posting it on the bulletin board within the service for more than 7 days.

22. Liability Limitation

  1. If the company or member inflicts damage to the other party by violating these Terms of Service, it is liable to compensate for the damage. However, this is not the case if there is no intention or negligence of the actor.
  2. In the event of any damage to a member due to the following reasons, the Company shall not be held liable for the damage if it proves that the company has taken the care of the administrator necessary to prevent the member from occurring.

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. Necessary manager's caution in Article 20 paragraph 2 includes the following.

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.


Last Updated on March 23, 2023.