This agreement is made by and between you and operator of X7 Exchange and has the legal effect as a legal contract.
The operator of X7 Exchange means the legal entity that, recognized by law, operates the networking platform. Please refer to the company and license information at the bottom of the website of X7 Exchange for the information regarding the operator of X7 Exchange. The operator of X7 Exchange may be referred to, individually or collectively, as “X7 Exchange Limited” in this agreement. “X7 Exchange” means the networking platform operated by X7 Exchange, including but not limited to the X7 Exchange website, with the domain name of X7 Exchange.com, https://www.X7 Exchange.com, which is encrypted.
1. Agreement and Execution
The content of this agreement includes main body of this agreement and various rules that have been posted or may be posted from time to time by X7 Exchange. All of the rules shall be an integral part of this agreement, and shall have the same legal effect as the main body of this agreement. Unless otherwise expressly provided, any service provided by X7 Exchange and its affiliates (hereinafter referred as “X7 Exchange Service”) shall be bound by this agreement. You shall carefully read through this agreement before using any X7 Exchange Service, and pay close attention to the content written in bold font. You may consult X7 Exchange if you have any question with regard to this agreement. However, regardless whether you have carefully read through this agreement before using X7 Exchange Service, you shall be bound by this agreement as long as you use X7 Exchange Service. You shall not claim to void or rescind this agreement on the ground that you did not read this agreement or you did not receive any respond from X7 Exchange to your consultation. You hereby promise to accept and observe this agreement. If you do not agree to this agreement, you shall immediately stop registration/activation or stop using X7 Exchange Service. X7 Exchange may make or amend this agreement and various rules from time to time as needed, and announce the same on the website, without any individual notice to you. The amended agreement and rules shall come into effect immediately and automatically upon being announced on the website. If you do not agree to the relevant amendment, you shall immediately stop using X7 Exchange Service. If you continue using X7 Exchange Service, you shall be deemed as having accepted the amended agreement and rules.
2. Registration and Account
Eligibility of Registrants
You hereby confirm that you are an individual, legal person or other organization with full capacity for civil rights and civil conducts when you complete the registration or actually use X7 Exchange Service in any other way allowed by X7 Exchange. If you do not have the said capacity, you and your guardian shall undertake all the consequences resulted therefrom, and X7 Exchange shall have the right to cancel or permanently freeze your account, and claims against you and your guardian for compensation.
Registration and Account
You shall be bound by this agreement once you have filled in information, read and agreed to this agreement and completed the registration process following the instructions on the registration page or you have filled information, read and agreed to this agreement and completed the activation process following the instructions on the activation page, or upon your actual use of X7 Exchange Service in a way permitted by X7 Exchange. You may log in X7 Exchange by your email address or mobile number that you have provided or confirmed or any other means permitted by X7 Exchange. You must provide your real name, ID type, ID number and other information required by the laws and regulations. If any information you have provided during the registration is inaccurate, X7 Exchange will not take any responsibility and any loss, direct or indirect, and adverse consequence resulted therefrom will be borne by you. X7 Exchange accounts can only be used by the person whose name they are registered under. X7 Exchange reserves the right to suspend, freeze, or cancel accounts that are used by persons other than the persons whose names the accounts are registered under. X7 Exchange will also not take legal responsibility for these accounts.
During the registration or activation, you shall accurately provide and timely update your information by following the instructions on the relevant page according to the laws and regulations in order to make it truthful, timely, complete and accurate. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, X7 Exchange shall have the right to send you a notice to make enquiry and demand corrections, remove relevant information directly and, as the case may be, terminate all or part of X7 Exchange Service to you. X7 Exchange will not take any responsibility and any loss, direct or indirect, and adverse consequence resulted therefrom will be borne by you. You shall accurately fill in and timely update your email address, telephone number, contact address, postal code and other contact information so that X7 Exchange or any other user will be able to effectively contact you. You shall be solely and fully responsible for any loss or extra expenses incurred during the use of X7 Exchange Service by you if you cannot be contacted through these contact information. You hereby acknowledge and agree that you have the obligation to keep your contact information effective and to take actions as required by X7 Exchange if there is any change or update.
You shall be solely responsible for the safekeeping of your X7 Exchange account and password on your own, and you shall be responsible for all activities under your log-in email, X7 Exchange account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement or online purchase of services, etc.). You hereby agree that: a) you will notify X7 Exchange immediately if you are aware of any unauthorized use of your X7 Exchange account and password by any person or any other violations to the security rules; b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website/service; and c) you will log out the website by taking proper steps at the end of every visit. X7 Exchange shall not and will not be responsible for any loss caused by your failure to comply with this provision. You understand that X7 Exchange needs reasonable time to take actions upon your request, and X7 Exchange will not undertake any responsibility for the consequences (including but not limited to any of your loss) that have occurred prior to such actions.
3. X7 Exchange Service
Through X7 Exchange Service and other services provided by X7 Exchange and its affiliates, members may post deal information, access to the pricing and dealing information of a deal and carry out the deal, participate in activities organized by X7 Exchange and enjoy other information services and technical services. If you have any dispute with other members arising from any transaction on X7 Exchange, once such dispute is submitted by one or both of you and the other member to X7 Exchange for dispute resolution, X7 Exchange shall have the right to make decision at its sole discretion. You hereby acknowledge and accept the discretion and decision of X7 Exchange. You acknowledge and agree that, X7 Exchange may, on requests from governmental authorities (including judicial and administrative departments), provide user information provided by you to X7 Exchange, transaction records and any other necessary information. If you allegedly infringe upon any other’s intellectual rights or other legitimate interests, X7 Exchange may provide the necessary ID information of you to the interest holder if X7 Exchange preliminarily decides that the infringement exists. All the applicable taxes and all the expenses in relation to hardware, software, service and etc. arising during your use of the X7 Exchange Service shall be solely borne by you. By using this service you accept that all trade executions are final and irreversible. By using this service you accept that X7 Exchange reserves the right to liquidate any trades at any time regardless of the profit or loss position.
4. User’s Guide of X7 Exchange Service
You hereby promise to observe the following covenants during your use of X7 Exchange Service on X7 Exchange: All the activities that you carry out during the use of X7 Exchange Service will be in compliance with the requirements of laws, regulations, regulatory documents and various rules of X7 Exchange, will not be in violation of public interests, public ethnics or other’s legitimate interests, will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules. If you violate the foregoing promises and thereby cause any legal consequence, you shall independently undertake all of the legal liabilities in your own name and hold X7 Exchange harmless from any loss resulted from such violation. During any transaction with other members, you will be in good faith, will not take any acts of unfair competition, will not disturb the normal order of online transactions, and will not engage in any acts unrelated to online transactions. You will not use any data on X7 Exchange for commercial purposes, including but not limited to using any data displayed on X7 Exchange through copy, dissemination or any other means without prior written consent of X7 Exchange. You will not use any device, software or subroutine to intervene or attempt to intervene the normal operation of X7 Exchange or any ongoing transaction or activities on X7 Exchange. You will not adopt any action that will induce unreasonable size of data loading on the network equipments of X7 Exchange. You acknowledge and agree: X7 Exchange shall have the right to unilaterally determine whether you have violated any of the covenants above and, according to such unilateral determination, apply relevant rules and take actions thereunder or terminate services to you, without your consent or prior notice to you. As required to maintain the order and security of transactions on X7 Exchange, X7 Exchange shall have the right to close relevant orders and take other actions in case of any malicious sale or purchase or any other events disturbing the normal order of transaction of the market. If your violation or infringement has been held by any effective legal documents issued by judicial or administrative authorities, or X7 Exchange determines at its sole discretion that it is likely that you have violated the terms of this agreement or the rules or the laws and regulations, X7 Exchange shall have the right to publish on X7 Exchange such alleged violations and the actions that having been taken against you by X7 Exchange. As to any information you may have published on X7 Exchange that allegedly violates or infringes upon the law, other’s legitimate interests or this agreement or the rules, X7 Exchange shall have the right to delete such information without any notice to you and impose punishments according to the rules. As to any act you may have carried out on X7 Exchange, including those you have not carried out on X7 Exchange but have had impacts on X7 Exchange and its users, X7 Exchange shall have the right to unilaterally determine its nature and whether it constitutes violation of this agreement or any rules, and impose punishments accordingly. You shall keep all the evidence related to your acts on your own and shall undertake all the adverse consequences resulted from your failure to discharge your burden of proof. If your alleged violation to your promises causes any losses to any third party, you shall solely undertake all the legal liabilities in your own name and hold X7 Exchange harmless from any loss or extra expenses. If, due to any alleged violation by you to the laws or this agreement, X7 Exchange incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify X7 Exchange against any losses and expense caused thereby, including reasonable attorney’s fee.
5. Scope and Limitation of Liability
X7 Exchange will provide X7 Exchange Service at an “as is” and “commercially available” condition. X7 Exchange disclaims any express or implied warranty with regards to X7 Exchange Service, however, including but not limited to applicability, free from error or omission, continuity, accuracy, reliability or fitness for a particular purpose. Meanwhile, X7 Exchange disclaims any promise or warranty with regards to the effectiveness, accuracy, correctness, reliability, quality, stability, completeness and timeliness of the technology and information involved by X7 Exchange Service. You are fully aware that the information on X7 Exchange is published by users on their own and may contain risks and defects. X7 Exchange serves merely as a venue of transactions. X7 Exchange serves merely as a venue where you acquire coin related information, search for counterparties of transactions and negotiate and conduct transactions, but X7 Exchange cannot control the quality, security or legality of the coin involved in any transaction, truthfulness or accuracy of the transaction information, or capacity of the parties to any transaction to perform its obligations under the transaction documents. You shall cautiously make judgment on your own on the truthfulness, legality and effectiveness of the coin and information in question, and undertake any liabilities and losses that may be caused thereby. Unless expressly required by laws and regulations or any of the following circumstances occurs, X7 Exchange shall not have any duty to conduct preliminary review on information data, transaction activity and any other transaction related issues of all users: X7 Exchange has reasonable cause to suspect that a particular member and a particular transaction may materially violate the law or agreement. X7 Exchange has reasonable cause to suspect that the activities conducted on X7 Exchange by a member may be illegal or improper. You acknowledge and agree, X7 Exchange shall not be liable for any of your losses caused by any of the following events, including but not limited to losses of profits, goodwill, usage or data or any other intangible losses (regardless whether X7 Exchange has been advised of the possibility of such losses): use or failure to use X7 Exchange Service. unauthorized use of your account or unauthorized alternation of your data by any third parties. expenses and losses incurred from purchase or acquisition of any data or information or engagement in transaction through X7 Exchange Service, or any alternatives of the same. your misunderstanding on X7 Exchange Service. any other losses related to X7 Exchange Service which are not attributable to X7 Exchange. In no event shall X7 Exchange be liable for any failure or delay of service resulted from regular equipment maintenance of the information network, connection error of information network, error of computers, communication or other systems, power failure, strike, labor disputes, riots, revolutions, chaos, insufficiency of production or materials, fire, flood, tornado, blast, war, governmental acts or judicial orders. You agree to indemnify and hold harmless X7 Exchange, its contractors, and its licensors, and their respective directors, officers, employees and agents from and against any and all claims and expenses, including attorneys’ fees, arising out of your use of the Website, including but not limited to out of your violation this Agreement.
6. Termination of Agreement
You hereby agree that, X7 Exchange shall have the right to terminate all or part of X7 Exchange Service to you, temporarily freeze or permanently freeze (cancel) the authorizations of your account on X7 Exchange at X7 Exchange’s sole discretion, without any prior notice, for whatsoever reason, and X7 Exchange shall not be liable to you; however, X7 Exchange shall have the right to keep and use the transaction data, records and other information that is related to such account. In case of any of the following events, X7 Exchange 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 X7 Exchange and withdraw the corresponding X7 Exchange account thereof: after X7 Exchange terminates services to you, you allegedly register or register in any other person’s name as X7 Exchange user again, directly or indirectly; the main content of user’s information that you have provided is untruthful, inaccurate, outdated or incomplete; when this agreement (including the rules) is amended, you expressly state and notify X7 Exchange of your unwillingness to accept the amended service agreement; any other circumstances where X7 Exchange deems it should terminate the services. After the account service is terminated or the authorizations of your account on X7 Exchange is permanently froze (cancelled), X7 Exchange shall not have any duty to keep or disclose to you any information in your account or forward any information you have not read or sent to you or any third party. You agree that, after the termination of agreement between you and X7 Exchange, X7 Exchange shall still have the rights to: keep your user’s information and all the transaction information during your use of X7 Exchange Service. Claim against you according to this agreement if you have violated any laws, this agreement or the rules during your use of X7 Exchange Service. After X7 Exchange suspends or terminates X7 Exchange Service to you, your transaction activities prior to such suspension or termination will be dealt with according to the following principles and you shall will take care of on your own efforts and fully undertake any disputes, losses or extra expenses caused thereby and keep X7 Exchange harmless from any losses or expenses: X7 Exchange shall have the right to delete, at the same time of suspension or termination of services, information related to any un-traded coin tokens that you have uploaded to X7 Exchange prior to the suspension or termination. If you have reached any purchase agreement with any other member prior to the suspension or termination but such agreement has not been actually performed, X7 Exchange shall have the right to delete information related to such purchase agreement and the coins in question. If you have reached any purchase agreement with any other member prior to the suspension or termination and such agreement has been partially performed, X7 Exchange may elect not to delete the transaction; provided, however, X7 Exchange shall have the right to notify your counterparty of the situation at the same time of the suspension or termination.