1. Staking
1.1. By participating in non-fungible token ("NFT") staking ("NFT Staking") with you acknowledge that you have read, understood and accepted all of the terms and conditions in these NFT Staking Terms, and you acknowledge and agree that you will be bound by and will comply with these NFT Staking Terms. If you do not understand and accept these NFT Staking Terms in their entirety, you should not participate.
2. How to participate in NFT Staking
2.1. When you subscribe to a Staking Offer ("Subscribe"), you agree to:
2.1.1. or a Operator locking your Committed Assets, in whole or in part;
2.1.2. or the Operator locking your Committed Assets onto an Applicable Network; and
2.1.3. delegating any voting rights to , or Operator, that are attached to your Committed Assets.
2.2. may specify:
2.2.1. minimum amounts of Committed Assets that are required to Subscribe;
2.2.2. any Subscription Limits; and/or
2.2.3. the Annual Percentage Rate (APR) and/or Daily Rewards for Committed Assets
2.3. Your consent to your subscription cannot be withdrawn until you instruct to Redeem and your Committed Assets are returned to your Account.
3. Calculation of Daily Rewards
3.1. Daily Rewards:
3.1.1. are calculated from the 0.00 UTC the day after you Subscribe (Reward Calculation Day). Daily Rewards will accrue from day to day and will be calculated on the basis of the number of days elapsed. You do not earn any Daily Rewards for the first day that you Subscribe;
3.1.2. will be distributed to your Account daily, the day after each Reward Calculation Day, between 00:00 UTC to 08:00 UTC;
3.1.3. will be calculated by reference to the Variable Reward Rate on the day the Staking Rewards accrue;
3.1.4. are applied each day to Committed Assets only, and not to any Daily Rewards; and
3.1.5. are distributed in the Digital Assets identified by us at the time you Subscribe.
3.2. Daily Rewards, and all related calculations, are rounded down to 8 decimal places.
3.3. We retain all On-Chain Rewards. This amount may be different from Daily Rewards.
3.4. Nothing in these NFT Staking Terms should be construed as amending or altering the liability, of either you or , from what is agreed in the Terms of Use. We do not guarantee the safety of your Committed Assets or represent that the value of your Committed Assets or the Daily Rewards will increase or maintain their value.
4. Calculation of the Variable Reward Rate
4.1. The Variable Reward Rate is determined by calculating the total rewards available on the Applicable Network divided by the total of any Committed Assets that are locked on the entire Applicable Network and these amounts may change from time to time.
4.2. We do not guarantee that you will receive Daily Rewards shown at the time you Subscribe. Any representation concerning possible return at the time you Subscribe (i) is an estimate only and not guaranteed, (ii) is based on the Variable Reward Rate, which may change, and (iii) may be more or less than the On-Chain Rewards.
5. Redemption
5.1. If you selected a Variable Duration you can Redeem your Committed Assets at any time, by giving us two (2) Reward Calculation Day’s notice;
5.1.1. in all circumstances, if you elect to Redeem you agree that:
5.1.1.1. Your instruction to us to Redeem your Committed Assets will take effect the following day from the instruction itself (due to processing time); and
5.1.1.2. We will use our best endeavours to return your Committed Assets to your Account in accordance with the timescales set out above and in any event as soon as reasonably practicable taking into account network congestion; and
5.1.2. In some circumstances, including but not limited to events of extreme market volatility, network delays or a significant number of simultaneous instructions to Redeem from other users, your Redemption may be delayed.
6. Placing a stop or suspension on, or cancelling your access
6.1. We may stop, suspend or cancel your access to the Platform, impose limits to any Accounts, suspend or cancel your ability to participate in NFT Staking, or delay certain transactions where:
6.1.1. you do not provide additional information to verify your identity or source of funds as requested by us;
6.1.2. We are required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws);
6.1.3. is required to do so to comply with any direction or instruction from a government body or agency;
6.1.4. reasonably determines that any information you have provided to is wrong, untruthful, outdated or incomplete; or
6.1.5. you do not provide additional information that we request to our reasonable satisfaction or in a timely manner.
6.2. In the event your Committed Asset is also used as Collateral (as defined in the NFT Loan Terms) for a Loan (as defined in the NFT Loan Terms), your participation in the Staking Offer shall be terminated and your Committed Asset shall be unstaked by in the event of a Liquidation Event (as defined in the NFT Loan Terms). You shall no longer be entitled to the Daily Rewards from the date the Liquidation Event occurs (date inclusive). You acknowledge and agree that we shall not be liable for any losses resulting from the above.
7. Account information and transaction records
7.1. You will be able to view your account history on the Platform. You must review your account history carefully and let us know if you see any entries or transactions that you do not recognize or you think are incorrect as soon as possible, and within 14 days after the date that your account history is provided or made available to you.
7.2. We may rectify any error in your account history at any time, and reserve the right to void or reverse any transaction:
7.2.1. involving or deriving from a manifest error (that is, any error, omission, or misquote, whether it is an error from our end or any third party) which is manifest or palpable, including a misquote by any representative of ours taking into account the current market and currently advertised quotes, or (any error of any information, source, official, official result or pronunciation); or
7.2.2. to reflect what we reasonably consider to be the correct or fair details of the transaction.
7.3. We may be required under Applicable Law to share information about your accounts and use of the Platform with third parties. You acknowledge and agree that we are entitled to disclose such information.
8. Technology disclaimers
8.1. We may, from time to time, suspend access to your Accounts, the Platform, and/or our services, for both scheduled and emergency maintenance. We will make reasonable efforts to ensure that transactions on the Platform are processed in a timely manner, but we make no representations or warranties regarding the amount of time needed to complete processing, which is dependent upon many factors outside of our control.
8.2. Although we make reasonable efforts to update the information on the Platform, we make no representations, warranties, or guarantees, whether express or implied, that the content on the Platform, including information in relation to our services, is accurate, complete, or up to date.
8.3. You are responsible for obtaining the data network access necessary to use the services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the services, the Platform, and any updates thereto. We do not guarantee that the services, or any portion thereof, will function on any particular hardware or devices. services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.
9. General Terms
9.1. All terms and references used in these NFT Staking Terms and which are defined and construed in the NFT Marketplace Terms of Use (as found on the NFT Marketplace) (the NFT Marketplace Terms) and the Terms of Use (the Terms of Use), but are not defined or construed in these NFT Staking Terms, shall have the same meaning and construction in the Terms of Use and the NFT Marketplace Terms.
9.2. These NFT Staking Terms are to be read together with the NFT Marketplace Terms and the Terms of Use. In the event of any conflict or inconsistency between these NFT Staking Terms, the NFT Marketplace Terms and the Terms of Use, the order of precedence in which the documents are to be read is first these NFT Staking Terms, the Terms of Use, and then the NFT Marketplace Terms.
9.3. We will contact you using the details you provide to us. This may include contacting you by email, SMS, or telephone. It is important that you ensure that your contact details are correct and up to date. If your contact details change, you must let us know immediately. If you do not, we will not be responsible if you do not receive information, notices, or other important information from us.
9.4. We may give notice by email to your email address. It is your responsibility to ensure that the email address is up to date and accurate. Notices may be given, and are deemed to be received, if sent to your email address, whether or not a notice of delivery failure is received.
9.5. You may give us notices only as directs, which may change from time to time.
9.6. Any notices, consent, or other communication given under these NFT Staking Terms must be in writing, in English, and signed or otherwise authorised by the party giving it.
9.7. For more information on , you may refer to the company and licence information found on websites. If you have questions regarding these NFT Staking Terms, please feel free to contact for clarification via our Customer Support team.
10. Definitions
Applicable Laws means means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organisation of which is a member), that are applicable to the provision, receipt or use of the services, or any other products or deliverables provided, used or received in connection with these NFT Staking Terms.
Applicable Networks means third party network selected by us for the applicable Staked Asset.
APR means Annual Percentage Rate.
NFT Marketplace refers to the digital marketplace in which users can trade, purchase and sell NFTs.
Committed Assets means the NFT(s) used by you to Subscribe.
Daily Rewards means the Digital Assets that are provided to you as consideration for Subscribing to a Staking Offer, in accordance with these NFT Staking Terms.
NFT has the meaning given to it in clause 1.1.
NFT Marketplace Terms has the meaning set forth in clause 9.1..
NFT Staking Terms means these terms and conditions.
On-Chain Rewards means rewards or benefits of any kind, including but not limited to Digital Assets, provided by Applicable Networks for our commitments, staking, validating, or any engaging in any other conduct designated by the Applicable Network, that results in rewards.
Redeem means when you end your participation in a Staking Offer and instruct to return your Staked Assets to your account, and Redemption shall be interpreted accordingly.
Reward Calculation Day means 0:00 UTC the day which calculates the amount of Daily Rewards it will distribute to your account.
Staked Assets means the Digital Assets used by you to Subscribe.
Staking Offer means an offer by to provide you with Daily Rewards in exchange for you providing your Committed Assets to , in accordance with these NFT Staking Terms.
Subscribe has the meaning given to it in clause 2.1.
Subscription Limit means the maximum amount of Committed Assets, users, or the quantity of any other matter that may determine in its sole discretion from time to time, that may be used to Subscribe.
Terms of Use has the meaning given to it in clause 9.1.
Variable Duration means the variable duration of time to lock your Committed Assets.
Variable Reward Rate has the meaning given to it in Section 4.