Trading In Virtual Assets And Using The Exchange Involve Risks, Some Of Which Are Set Out Below. These Risks, And Additional Risks Arising Either Now Or In The Future, Could Result In The Loss, Failure Or Destruction Of Your Assets, Inability To Receive Any Benefits Available To You, Other Losses And Termination Of The Exchange. You Must Consider Carefully Whether The Risks Set Out Below, As Well As All Other Applicable Risks, Are Acceptable To You Prior To Any Order. You Must Seek Professional Advice Regarding Your Particular Situation Before Trading In Virtual Assets Or Using The Exchange. You Must Also Check The Latest Terms Applicable As They May Change From Time To Time. THE RISK OF LOSS IN TRANSACTIONS INVOLVING VIRTUAL ASSETS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRANSACTIONS ARE SUITABLE FOR YOU IN LIGHT OF YOUR INVESTMENT OBJECTIVES, FINANCIAL CIRCUMSTANCES, YOUR TOLERANCE TO RISKS AND YOUR INVESTMENT EXPERIENCE. YOU SHOULD BE CAPABLE OF BEARING A FULL LOSS OF THE AMOUNTS INVESTED AS A RESULT OF OR IN CONNECTION WITH ANY ORDER AND ANY ADDITIONAL LOSS OVER AND ABOVE THE INITIAL AMOUNTS INVESTED THAT MAY BECOME DUE AND OWING BY YOU. IN CONSIDERING WHETHER TO TRADE OR INVEST, YOU SHOULD INFORM YOURSELF AND BE AWARE OF THE RISKS GENERALLY, AND IN PARTICULAR SHOULD NOTE THE FOLLOWING SPECIFIC RISK FACTORS WHICH MAY APPLY TO ANY GIVEN ORDER.
These Terms Of Use (“Terms”) Constitute A Legal Agreement You And Octaverse Technologies, The Operator Of ANACOIN And Its Associated Platforms, Including Www.Anacoin.Org And Www.Anacoinico.Com (Collectively, The “Websites”) By Accessing, Browsing, Or Using The Websites And Any Associated Services, Including The ANACOIN, Initial Coin Offering (ICO) Staking Programs, And Referral System, You Acknowledge That You Have Read Understood, And Agreed To Be Defined By These Terms. If You Do Not Agree With These Terms, You Must Discontinue Use Of Websites And Services Immediately.
The Prices Of Virtual Assets Fluctuate, Sometimes Dramatically. The Price Of A Virtual Asset May Move Up Or Down, And May Become Valueless. It Is Likely That Losses Will Be Incurred Rather Than Profit Made As A Result Of Buying And Selling Virtual Assets.
The Value Of The Virtual Assets May Fluctuate Significantly Over A Short Period Of Time. This Is Especially The Case Compared To Fiat Currencies. The Volatile And Unpredictable Fluctuations In Price May Result In Significant Losses, Including The Total Loss Of Your Investment, Over A Short Period Of Time. Any Virtual Asset May Decrease In Value Or Lose All Of Its Value Due To Various Factors Including Discovery Of Wrongful Conduct, Market Manipulation, Change In The Nature Or Properties Of The Virtual Asset, Governmental Or Regulatory Activity, Legislative Changes, Suspension Or Cessation Of Support For A Virtual Assets Or Other Exchanges Or Service Providers, Public Opinion, Or Other Factors Outside Of Our Control. Technical Advancements, As Well As Broader Economic And Political Factors, May Cause The Value Of Virtual Assets To Change Significantly Over A Short Period Of Time
The ANACOIN ICO Is Divided Into Six Phases Over A Total Duration Of 2,400 Days, During Which Tokens Are Distributed Under Predetermined Conditions.
Participation In The ICO Is Entirely Voluntary, And All Purchases Are Final. We Do Not Guarantee Any Return On Investment, And We Disclaim Liability For Market Volatility Affecting The Value Of ANACOIN.
The Staking Program Allows Users To Stake A Minimum Of 50 ANA And A Maximum Of 125,000ANA Subject To A 400- Day Staking Period With A 16% Yield. Deposits And Withdrawals Are Available Only When The Platform Is Under Enabled Position, Subject To A 5% Platform Fee. Re-Topup Staking Is Upon The Willingness After Capping, Double The Previous Staked Value With Increments In Multiples Of 100 ANA.
The Referral Program Provides Multi-Level Commission Rewards Based On Direct And Indirect Referrals. A Minimum Of 5 Direct Referrals Is Required To Qualify For Higher-Level Rewards. Any Fraudulent Activity, Including Self-Referrals Or Fake Accounts Or Multiple Accounts, Will Result In Disqualification From The Program.
The Nature Of Virtual Asset Transfers Is That They Are Irreversible. This Means That Losses Due To Fraudulent, Hacking Or Accidental Hacking And Technology Risks And Transactions May Not Be Recoverable. The Risk Is Increased For The Limited Amount Of Virtual Assets That Are Held In Hot Wallets (I.E. Online Environments That Provide An Interface With The Internet).
The Technological Reliance Of The Exchange, Platform On The Internet Exposes You To An Increased Risk Of Fraud Or Cyber-Attack. Any Virtual Asset, Account, Wallet, Service, Agreed Communication Method, Or Trading Tool May Be Targeted By Malicious Persons Who May Attempt To Steal Virtual Assets, Or Otherwise Intervene In The Order Or Any Of The Exchange. The Nature Of Virtual Assets And The Reliance On The Internet And Technology Means They May Be Exposed To Specific And Increased Risks Of Fraud And Cyberattacks. This Includes (But Is Not Limited To) Interventions By Way Of: (A) Distributed Denial Of Service; (B) Sybil Attacks; (C) Phishing; (D) Social Engineering; (E) Hacking; (F) Smurfing; (G) Malware; (H) Double Spending; (I) Majority-Mining, Consensus-Based Or Other Mining Attacks; (J) Misinformation Campaigns; (K) Forks; And (L) Spoofing. Virtual Assets, Accounts, Wallets, Agreed Communication Methods, Trading Tools Or The Exchange May Also Be Vulnerable To Exploitation Of Vulnerabilities In Smart Contracts And Other Code, As Well As To Human Error. Virtual Assets May Be Stored In Hot Wallets Which Can Be Prone To Hacking Or Cyberattacks. Cyber-Attacks Resulting In The Hacking Of Virtual Asset Trading Platforms And Thefts Of Virtual Assets Are Common. Victims May Have Difficulty Recovering Losses From Hackers Or Trading Platforms. This Could Result In Significant Irreversible Loss And/Or Other Impacts That May Materially Affect Your Interests. The Above Events May Affect The Features, Functions, Operation, Use, Access Or Other Properties Of The Virtual Assets, Your Account, Your Wallet, An Agreed Communication Method, Or The Platform.
We Or Other Virtual Asset Trading Platform Operators May Be Acting As Agents And/Or Principals For You. We Or Other Service Providers May Facilitate The Initial Distribution Of Virtual Assets (Such As, Initial Coin Offerings), Facilitate Secondary Market Trading, Or Both, As A Traditional Exchange, Alternative Trading System Or Broker. If These Operations Are Not Under The Purview Of Any Regulator, It Would Be Difficult To Detect, Monitor And Manage Conflicts Of Interest.
(A) Unless Otherwise Specified, The Agreement, Your Use Of The Service Or Website Are Governed By The Law In Force In India (B) To The Extent Permitted By Applicable Law, The Agreement Prevails To The Extent That It Is Inconsistent With Applicable Law. Any Present Or Future Law That Operates To Vary The Obligations Of Anacoin.Org In Connection With The Agreement With The Result That Anacoin.Org’s Rights, Powers, Or Remedies Are Adversely Affected (Including By Way Of Delay Or Postponement) Is Excluded Except To The Extent That Its Exclusion Is Prohibited Or Rendered Ineffective By Applicable Law.
(A) You Acknowledge That Anacoin.Org’s Decision To Take Certain Actions, Including Limiting Access To, Suspending, Or Closing Your Account For Any Reason In Our Sole Discretion (Even If No Event Of Default Has Occurred And Is Continuing), May Be Based On Confidential Criteria That Are Essential To Anacoin.Org’s Risk Management And Security Protocols. You Agree That Anacoin.Org Is Under No Obligation To Disclose The Details Of Its Risk Management And Security Procedures To You.
(B) In The Event That We Decide To Suspend, Restrict, Or Terminate Your Access To The Platform And/Or Services In Accordance With Clause 9, We May (To The Extent That It Is Not Unlawful For Us To Do So) Provide You With Adequate Notice Of Such Termination Of Access To The Platform, And The Action May Take Effect From Such Time And For Such Duration As We Determine.
(C) Suspensions, Restrictions Or Terminations From The Use Of The Platform And/Or Services Will Be Reversed Only As Soon As Reasonably Practicable Once The Reasons For Refusal No Longer Exist As Determined In Our Sole Discretion. We Are Under No Obligation To Execute Any Suspended, Reversed Or Terminated Transactions Or Orders At The Same Price Or On The Same Terms.
We May Suspend, Restrict Or Terminate Any (Or All) Of The Agreement, Your Access To Any (Or All) Of The Platform And/Or Services (Including Your Access To The Virtual Assets In Your Account), And To Deactivate Your Account Immediately, If:
(A) You Provide Incorrect, Incomplete Or Misleading Information Or Make A Representation Or Warranty That Is Incorrect Or Misleading;
(B) You Breach Any Payment Or Delivery Obligation Or Other Term Of The Agreement, Any Other Agreement With Us, Or Any Term Of Any Arrangement You Have With Another Financial Institution, Or Another Financial Institution Has Suspended Or Terminated Your Use Of Any Financial Services;
(C) You Become Insolvent Or Any Of Your Assets Are Subject To Insolvency Proceedings;
(D) You Act Fraudulently Or Dishonestly Or In Our Discretion That A Transaction Is Fraudulent Or Erroneous;
(E) You Disaffirm, Disclaim, Repudiate Or Reject, In Whole Or In Part;
(F) Any Authorised Person Or Other Person Asserts Any Interest In, Or Right To Control, Your Account By Virtue Of You Having Provided Access To Your Account Or Otherwise;
(G) Performance Of Any Obligation By Either You Or We Under The Agreement Breaches, Or Is Likely To Breach, Any Applicable Law Or Is Otherwise Contrary To Any Policy We Apply As A Result Of An Order Or Sanction Issued By Any Government Agency;
(H) Anything Occurs Which, In Our Opinion, Is Likely To Have A Material Adverse Effect On Your Ability Or Willingness To Comply With Your Obligations Under The Agreement;
(I) Performance Of Any Obligation By Either You Or We Under The Agreement Breaches, Or Is Likely To Breach, Any Applicable Law Or Is Otherwise Contrary To Any Policy We Apply As A Result Of An Order Or Sanction Issued By Any Government Agency;
(J) We Are Required To Do So By Applicable Law Or Any Court Or Other Adjudicating Authority To Which We Are Subject To In Any Jurisdiction;
(K) Any Of Your Anacoin.Org Account Or Wallets Or You Are Subject To Pending Litigation, Investigation, Or Government Proceedings;
(L) Any Of Your Virtual Assets Are Subject To Enforcement Of A Judgment Or Are Expropriated, Compulsorily Acquired Or Resumed On Any Basis;
(M) We Withdraw Or Suspend Any Of The Eligible Virtual Assets From The Platform ;
(N) You Are Convicted Of A Tax Or Other Crime In Any Jurisdiction;
(O) We, In Our Discretion, Consider That Your Account Is Being Operated In Our Platform And/Or Services Are Otherwise Being Used In An Irregular Or Improper Manner;
(P) In Our Discretion, You May Be In Breach Of The Agreement Or Are Otherwise Trying To Circumvent The Agreement, Such As By Opening Multiple Accounts Or Abusing Any Of Our Incentive Schemes;
(Q) You Fail To Provide Any Information Requested Under The Agreement, Or Where Required To Do So In Compliance With Any Applicable Law Or The Requirement Of Any Contract;
(R) Any Other Event Of Default (However Described) Under Any Other Agreement Between You And Any Anacoin.Org Group Member Occurs; Or
(S) Your Account Has Been Inactive For Two Years. In This Case, If Anacoin.Org Is Unable To Contact You In Respect Of The Assets In Your Account, Anacoin.Org May Deliver Any Such Assets To The Applicable State Or Jurisdiction As Unclaimed Property Or Return The Virtual Assets In Accordance With Subject To Applicable Law.
We Are Not Liable For Any Loss Incurred In Connection With Our Inability Or Delay In Receiving Or Executing Instructions Or Unavailability Of Funds Or Any Virtual Asset Due To A Force Majeure Event Or Any Circumstances Beyond Our Reasonable Control. If A Force Majeure Event Occurs Or Any Circumstances Beyond Our Reasonable Control Occur, We May Take Any Action We Consider Appropriate In Connection With The Agreement.
We Reserve The Right To Change Or Modify Any Of The Terms And Conditions Contained In The Agreement Or Any Policy Governing The Use Of Platform And/Or Services At Any Time And In Our Sole Discretion. You Should Regularly Check The App And Website To Inform Yourself Of The Prevailing Terms And Conditions Before Using Any Service. In Addition, We May At Any Time Change, Add Or Remove Any Feature Or Functionality Of The Platform And/Or Services Without Prior Notice To You. Any Changes Or Modifications Will Be Effective Immediately Upon Posting Of The Revisions, And You Waive Any Right You May Have To Receive Specific Notice Of Such Changes Or Modifications To These Platform Terms And Conditions. Your Continued Use Of The Service Shall Constitute Your Acceptance Of Such Changes Or Modifications To The Platform Terms And Conditions.
We Reserve The Right To Withdraw Or Suspend Your Right To Use The Platform And Services At Any Time Without Prior Notice To Or Any Consent From You And Without Assigning Any Reason For That Action.
(A) Except As Expressly Provided In The Agreement, To The Fullest Extent Permitted By Law, We Disclaim All Other Representations Or Warranties, Express Or Implied, Made To You, Your Affiliates Or Any Other Person, Including Any Warranties Regarding Title, Non-Infringement, Timeliness, Quality, Suitability, Merchantability, Fitness For A Particular Purpose Or Otherwise (Regardless Of Any Course Of Dealing, Custom Or Usage Of Trade) Of Any Service Or Any Good Provided Under The Agreement.
(B) Anacoin.Org Does Not Represent Or Warrant That The Platform And/Or Services Are Accurate, Complete, Reliable, Current, Or Error-Free Or Bug-Free.
(C) While Anacoin.Org Attempts To Make Your Use Of The Services Safe, We Cannot And Do Not Represent Or Warrant That The Services Are Free Of Viruses, Errors, Bugs Or Other Harmful Components.
(D) Our Liability In Respect Of Representations And Warranties That Cannot Be Excluded Is Limited, At Our Option, To Any Of: (I) Re-Supplying, Replacing Or Repairing The Services In Respect Of Which The Breach Occurred; Or (Ii) Paying The Cost Of The Re-Supplying, Replacement Or Repairing Of The Services In Respect Of Which The Breach Occurred.
This Disclaimer Was Amended For The Last Time On 28th March 2025.