DeFi Chatex Savings Product Terms

Last updated: August  28, 2021

Acceptance of the DeFi Chatex Savings Terms 

  1. These DeFi Chatex Savings Terms (“Terms”) govern your relationship with Chatex (hereinafter referred as “Company”). 
  1. DeFi Chatex Savings Product (hereinafter “Saving Account”) is an account that allows you to earn expected profit (hereinafter “Interest”) from the listed virtual currency by connecting your virtual currency to DeFi protocols in accordance with the Terms.
  1. The Terms are an integral part of the Terms of use of bot and services. If certain aspects of using services offered on it are not regulated in the Terms, they shall be subject to the Terms of use of bot and services.
  1. Please read these Terms carefully. If you do not agree to these Terms you must not access or use a Saving Account.
  1. You agree to check the conditions of the Saving Account including, but not limited to listed virtual currency, the amount of Interest and ect. All such conditions are indicated on the Website and in the bot. 
  1. The Interest shall be accrued daily on the virtual currency until the date of your request for withdrawal or until the date of expiry of the relevant fixed term in case of Saving Account has a fixed term. You will only receive the Interest that has been credited to your Saving Account up to the time of your request or respectively expiry of the relevant fixed term.
  1. You hereby acknowledge and agree that the Company does not own any of the DeFi protocols, nor interacts with your virtual currencies other than enabling their connection to DeFi protocols.
  1. The company reserves the right, at its sole and absolute discretion, to change, modify, add or remove part of the listed virtual currency and change their amount of Interest at any time. It is your responsibility to check these listed virtual currency and the amount of Interest periodically for changes. 
  1. The Company shall not be liable to you for any losses or damages incurred by you from connecting your virtual currency to DeFi protocols.
  1. You are responsible for determining any taxes you may owe as a result of your participation in the Saving Account Product.
  1. You understand and agree that you use a Saving Account at your own risk. You shall, therefore, carefully consider whether such use is suitable for you in light of your circumstances and financial resources.
  1. You hereby specifically acknowledge and agree that the end-result of the performance of any DeFi protocols with your virtual currency may not be the same as displayed on the Website and in the bot. 
  1. By accepting these Terms, you hereby specifically acknowledge and agree to all the risks associated with the use of virtual currencies and their connection to DeFi protocols.
  1. You are responsible for determining whether the use of the Saving Account Product is legal in your jurisdiction and you shall not use it should such use be illegal in your jurisdiction. If you are uncertain, please seek independent legal advice.
  1. The Company is not a fund management or an investment company. Information on the Website is not investment, financial, or any other advice, nor is it a promise of profits of any kind.
  1. The Company is not responsible for any damages caused by delay or failure to perform its obligations in case if the said delay or failure is due to fires; strikes; floods; power outages or failures; acts of God or the state’s enemies; lawful acts of public authorities; any and all acts that are regarded as Force Majeure in legal practice.

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