Last revised: 20 March 2020
By creating a Digital Tokens Wallet on the Site or by using any of the Services, you acknowledge that you have read, understand, and completely agree to these Terms of Service, as updated and amended from time to time. If you do not agree to be bound by these Terms of Service or with any subsequent amendments, changes, or updates, you may not use any of the Services, and if you do use any of the Services you will be bound by the Terms of Service, as amended; your only recourse in the case of your unwillingness to be bound by these Terms of Service is to stop using all of the Services.
These Terms of Service may be amended, changed, or updated by StackOfStake at any time and without prior notice to you. You should check back often on the Site to confirm that your copy and understanding of these Terms of Service is current and correct. Your non-termination or continued use of any Services after the effective date of any amendments, changes, or updates constitutes your acceptance of these Terms of Service, as modified by such amendments, changes, or updates.
If you comply with these Terms of Service, StackOfStake grants you the limited right to use the Site and the Services. The right to use the Site and the Services is a personal, restricted, non-exclusive, non-transferable, non-sublicensable, revocable, limited licence, and it is subject to the limitations and obligations in these Terms of Service. Nothing in these Terms of Service gives you any right, title, or ownership of, in, or to the Site, any of the Services, or the StackOfStake Marks. The Site may suspend or terminate the Services to you, your Digital Tokens Wallet, or to any of your Digital Tokens Address at its sole discretion, as required by applicable Laws or where StackOfStake determines that you have violated, breached, or acted inconsistent with any of these Terms of Service.
All text, graphics, user interfaces, visual interfaces, photographs, sounds, artwork, computer code (including html code), programs, software, products, information, and documentation as well as the design, structure, selection, coordination, expression, “look and feel” and arrangement of any content contained on or available through the Services are exclusively owned, controlled, and/or licensed by StackOfStake or its members, licensors, or affiliates.
Depending on your place of residence, you may not be able to use the Services. It is your responsibility to follow those rules and laws in place of residence and/or place from which you are accessing the Services.
StackOfStake is an online Staking and exchanging Service with a goal to allow you to invest in Digital Tokens and receive passive income from these investments.
You have the right to employ to the following Services:
Digital Tokens available on StackOfStake were added according to the users' requests. StackOfStake is not affiliated with the Digital Tokens offered for Staking and exhanging and does not bear any responsibility for the actions of ICO organizers, Digital Tokens developers and entrepreneurs and other representatives of the Digital Tokens community.
Investing in and exchanging of Digital Tokens entails certain risks. Risks include, but are not limited to, the following:
The market for Digital Tokens is still new and uncertain. No-one should have funds Invested in Digital Tokens he/she is not prepared to lose entirely. Whether the market for one or more Digital Tokens will move up or down, or whether a particular Digital Token will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Tokens.
Markets for Digital Tokens have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or exchange Digital Tokens or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish.
The legal status of certain Digital Tokens may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Tokens constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Tokens will be addressed, regulated, and taxed under applicable law.
Having Digital Tokens on deposit or with any third party in a custodial relationship has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss. Participants should be wary of allowing third parties to hold their property for any reason.
Unlike bank accounts or accounts at some other financial institutions, Digital Tokens at StackOfStake are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by StackOfStake, to offer recourse to you.
Hackers or other malicious groups or organizations may attempt to interfere with Services in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing, which could negatively affect Services.
For the purpose of registration, which is conducted at stackofstake.com/signup, you must enter current e-mail and password. Registration is complete once you visit the activation link, provided in e-mail notification. You set your own password at registration and are solely responsible for the safety of the password and all account information.
Irrespective of the nature and form of any withdrawal request, whether initiated by you or otherwise, StackOfStake reserves the right to process and send withdrawals using Fiat or any one or more Digital Tokens. In the course of processing and sending any withdrawals in Fiat or one or more Digital Tokens, or when processing and receiving deposits, StackOfStake may be required to share your user information with other contractual third parties, including financial institutions, or as required under applicable Laws or demanded upon a lawful request by any Government. You hereby irrevocably grant full permission and authority for StackOfStake to share this information with such contractual third parties, or as required under applicable Laws or demanded upon a lawful request by any Government, and release StackOfStake from any liability, error, mistake, or negligence related thereto.
Deposit time depends from the number of confirmations set for particular Digital Token. Coins will show up at your Digital Token Wallet in “pending” status after 1 network confirmation.
You are able to withdraw your Digital Tokens at any time, however, StackOfStake reserves the right for a withdrawal processing time of up to 72 hours. This is due to technical and security reasons, as we may need to dissolve running masternodes or transfer Digital Tokens from the cold to the hot storage or perform other action that needs time to be done.
All deposits and withdrawals are fee-free. However, the network fee for withdrawal should be paid by you.
Sometimes wrong deposits transfers of Digital Tokens to Digital Token Wallet intended for accepting and storing other Digital Tokens occur. You should be aware that StackOfStake does not restore and return wrong deposited Digital Tokens.
Each dividend is distributed instantly after Staking block reward accrual. Dividends are distributed according to the following formula:
Dividend = Staking block reward x (1- Fee) x User balance / Total pool balance
Dividend - Actual payment to the user in Digital Tokens;
Staking block reward - Payment from the network for Staking;
Fee - Our fee for the services provided (see paragraph 5.5);
User balance – balance at user’s Digital Token Wallet;
Total pool balance – total Digital Token balance of all StackOfStake users.
StackOfStake is not liable for any changes of the Digital Tokens prices. Daily ROI is calculated based on actual Dividends for the last 24 hours. Monthly and annual ROI are projected by the proprietary algorithms.
StackOfStake can't guarantee the daily or monthly or annual ROI of any coin to be of constant value. Also, we don’t guarantee the absolute accuracy of all projected data.
StackOfStake can’t guarantee 100% uptime of all Staking servers. If the Staking server or Digital Token Wallet of curtain Digital Token is offline, it can be considered as Digital Tokens maintenance process (see paragraph 5.6).
After submitting the order of exchange Digital Tokens, the operation will be performed instantly and your Digital Tokens will be reflected on the Digital Token Wallet. Once the order completed, you may not change, withdraw, or cancel your authorization for StackOfStake to complete such order.
By submitting an order, you provide authorization for StackOfStake to execute the requested transaction on your behalf. StackOfStake will attempt to execute the trade at, or close to, the market exchange rate defined within the Services. You agree and accept that exchange rates can be volatile, and that the rates listed within our Services may differ from those available to external sources outside of our own Services. During bouts of illiquidity, excess volume, fast movement or other volatility within the marketplace for Digital Tokens, the final rate at which trades are executed may differ from the prevailing rate previously indicated. Once order has been submitted, it can’t be cancelled.
Any Digital Tokens sold or bought via Express Trade receive 72 hours lock period. These Digital Tokens will be shown as “Locked” at user’s dashboard. These Digital Token are eligible to receive Dividends. This lock protects StackOfStake from various factors like user abuses and exchange rate manipulation.
You agree to pay StackOfStake the fees set forth at www.kb.stackofstake.com/fees/ which may be updated from time to time in StackOfStake’s sole discretion. Any such updated fees will apply prospectively to any dividends or other transactions that take place following the effective date of such updated fees.
The fee is deducted from each Dividend payout amount before the payment to you is done.
You provide authorization for us, or for our chosen payment processor, to deduct or charge any applicable fees related to exchange activities completed via the Services against your StackOfStake Digital Token Wallet.
Digital Tokens may be placed under ‘maintenance’ conditions at any time without notice. During Digital Token maintenance, the affected Digital Token cannot be withdrawn or deposited. Dividends of the affected Digital Token may not be generated, depending of the maintenance reason and period.
We may place Coins under maintenance for a variety of reasons, including but not limited to:
As Digital Token maintenance is a standard risk, we do not accept any direct or indirect liability for losses or damages caused by Digital Token being placed under maintenance.
There are the number of cases when StackOfStake decide to remove a curtain Digital Token from Site. Prior to the removal, a period of up to 30 days is set during which users can withdraw their assets.
StackOfStake is not liable to any users’ losses sustained in case of circumstances under which a user for any reason is late to withdraw the funds before the deadline or fails to withdraw the funds due to events outside of StackOfStake’s control (such as broken blockchain, unavailable nodes, etc.).
You may not:
Any use as described in this paragraph shall constitute a "Prohibited Use". If StackOfStake determines that you have engaged in any Prohibited Use, StackOfStake may address such Prohibited Use through an appropriate sanction, in its sole and absolute discretion. Such sanction may include, but is not limited to, making a report to any Government, law enforcement, or other authorities, without providing any notice of you about any such report; confiscation of any Fiat, funds, property, proceeds, or Digital Tokens in any Digital Tokens Wallet that you have on the Site; and, suspending or terminating your access to any Services or Fiat, funds, property, or Digital Tokens from any Digital Tokens Address. StackOfStake may, at its sole and absolute discretion, seize and deliver your property to any applicable Government, law enforcement, or other authorities where circumstances warrant. In addition, should your actions or inaction result in the imposition of economic costs to StackOfStake, you shall pay an amount to StackOfStake so as to render StackOfStake whole, including without limitation, the amount of taxes or penalties that might be imposed on StackOfStake.
Generally, Anti-Money Laundering and Counter-Terrorist Financing: StackOfStake is committed to providing safe, compliant, and reputable Services to identify, detect, prevent, and report on money laundering, terrorist financing, and other improper activities under applicable AML Laws, Counter-Terrorist Financing Laws, Anti-Corruption Laws, and Economic Sanctions Laws. Accordingly, StackOfStake insists on a comprehensive and thorough user due diligence process implementation and ongoing analysis and reporting. Account, and must provide promptly all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of StackOfStake. Additionally, StackOfStake may assess whether you will make, or intend to make, a deposit, withdrawal, or transfer of Fiat or Digital Tokens to, from, or through any Financial Institution to facilitate the provision of the Services, and if applicable, you must provide all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of StackOfStake. You agree to provide promptly documentation, information, or records requested by StackOfStake at any time. StackOfStake needs to retain certain information, documentation, and records on file pursuant to applicable Laws and its contractual relationships, and StackOfStake hereby expressly reserves the right to keep such information, documentation, and records. These undertakings shall apply even when you suspend or terminate your relationship with StackOfStake or abandon your application to have a Digital Tokens Wallet with StackOfStake. Our policies apply to any and all Digital Tokens, Fiat, and other funds or property being exchanged on or through the Site or by any of you, your Affiliates, of any of StackOfStake’s Associates.
StackOfStake reserves the right to refuse registration to, to bar transactions from or to, or to suspend or terminate the administration of Services, Digital Tokens Address, or Digital Tokens Wallet for or with, any user for any reason (or for no reason) at any time, including but not limited to the provisions of paragraphs 7 and 10, subject to any limitations imposed by applicable Laws. In lieu of refusing registration or ongoing administration of your Digital Tokens Wallet, StackOfStake may perform enhanced due diligence procedures. At all times, you may be subject to enhanced due diligence procedures in your use of the Site and any Service. If you decline to provide requested due diligence information or otherwise do not reply timely or substantively with the documentation or data requested, the Site has the absolute discretion to suspend or terminate Services to you immediately.
You represent and warrant to StackOfStake as follows:
StackOfStake makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. Without limiting the foregoing, StackOfStake does not represent or warrant that the Site, the Services or StackOfStake materials are accurate, complete, reliable, current, error-free, or free of viruses or other harmful components.
Except as may be provided for in these Terms of Service, StackOfStake assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as "Losses") directly or indirectly arising out of or related to:
You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, violation of law or regulation, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.
In case of any of the following events, StackOfStake shall have the right to directly terminate this agreement by cancelling your Account, and shall have the right to permanently freeze (cancel) the authorizations of your account on StackOfStake and withdraw the corresponding StackOfStake Account thereof:
Should your Account be terminated, the Account and transactional information required for meeting data retention standards will be securely stored for 5 years. In addition, if a transaction is unfinished during the Account termination process, StackOfStake shall have the right to notify your counterparty of the situation at that time. You acknowledge that a user-initiated account exit (right to erasure under GDPR or other equivalent regulations) will also be subjected to the termination protocol stated above.
If StackOfStake receives notice that any funds held in your Account are alleged to have been stolen or otherwise are not lawfully possessed by you, StackOfStake may, but has no obligation to, place an administrative hold on the affected funds and your Account. If StackOfStake does place an administrative hold on some or all of your funds or Account, StackOfStake may continue such hold until such time as the dispute has been resolved and evidence of the resolution acceptable to StackOfStake has been provided to StackOfStake in a form acceptable to StackOfStake. StackOfStake will not involve itself in any such dispute or the resolution of the dispute. You agree that StackOfStake will have no liability or responsibility for any such hold, or for your inability to withdraw funds or execute trades during the period of any such hold.
When an account has been suspended, any remaining Digital Token Wallet balance on the account - including liabilities or charges owned to StackOfStake - become the property of StackOfStake. If StackOfStake are holding funds in your Account on behalf of you, we may remit and report such Funds in accordance with relevant state laws on unclaimed property. We maintain full custody of all funds and associated user information and data, which we have permission to turn over to the relevant authorities in the event of your account being suspended or closed due to fraud investigation, AML investigation, or your violation of Terms of Service.
a. Remaining funds after Account termination
Except as set forth in subsection (b) below, once the Account is closed/withdrawn, all remaining Digital Token Wallet balance (which includes charges and liabilities owed to StackOfStake) on the account will be payable immediately to StackOfStake. Upon payment of all outstanding charges to StackOfStake (if any), the User will have 5 business days to withdraw all funds from the Account.
b. Remaining funds after Account termination due to fraud, violation of law, or violation of these Terms)
StackOfStake maintains full custody of the funds and User data/information which may be turned over to governmental authorities in the event of Account suspension/closure arising from fraud investigations, violation of law investigations or violation of these Terms.
StackOfStake is not your intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any investment decisions or activities effected by you using the Services. No communication or information provided to you by StackOfStake is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You should consult your legal or tax professional regarding your specific situation. StackOfStake does not recommend that any Digital Tokens should be earned, bought, sold, or held by you. Before making the decision to buy, sell or hold any Digital Tokens, you should conduct your own due diligence and consult your financial advisors before making any investment decision. StackOfStake will not be held responsible for the decisions you make to buy, sell, or hold Digital Tokens based on the information provided by StackOfStake.
Please contact StackOfStake first! StackOfStake wants to address your concerns without resorting to formal legal proceedings. Before filing a claim, you agree to try to resolve the dispute informally by contacting StackOfStake first through stackofstake.com/support.
You and StackOfStake agree to resolve any claims relating to this Terms (including any question regarding its existence, validity, termination, or any services or products provided and any representations made by us) through final and binding arbitration, except as set forth under Exceptions to Terms to Arbitrate below. You agree to first give us an opportunity to resolve any claims during 60 days by contacting us.
StackOfStake is an independent contractor and not an agent of you in the performance of these Terms of Service. These Terms of Service not to be interpreted as evidence of an association, joint venture, partnership, or franchise between the parties.
StackOfStake will not be liable for any delay or failure to perform as required by these Terms of Service because of any cause or condition beyond StackOfStake’s reasonable control.
If any portion of these Terms of Service are held invalid or unenforceable, such invalidity or enforceability will not affect the other provisions of these Terms of Service, which will remain in full force and effect, and the invalid or unenforceable portion will be given effect to the greatest extent possible.
You may not assign or transfer any right to use the Services or any of your rights or obligations under these Terms without prior written consent from us, including by operation of law or in connection with any change of control. StackOfStake may assign or transfer any or all of its rights or obligations under these Terms of Service, in whole or in part, without notice or obtaining your consent or approval.
The failure of a party to require performance of any provision will not affect that party’s right to require performance at any time thereafter, nor will a waiver of any breach or default of these Terms of Service or any provision of these Terms of Service constitute a waiver of any subsequent breach or default or a waiver of the provision itself.
Any links to third-party websites from the Services does not imply endorsement by StackOfStake of any products, services or information presented therein, nor does StackOfStake guarantee the accuracy of the information contained on them. In addition, since StackOfStake has no control over the terms of service or privacy practices of third-party websites, you should read and understand those policies carefully.