Last revised: 30.06.2022
These Terms form the agreement between GMT DAO AG (“GMT DAO”, “we”, “us”, “our”) and you as a physical person or the legal entity which you represent (“you” or “your”), and constitute a binding legal agreement.
For the purpose of clarity and understanding, the terms listed below shall have the following meaning:
“Account” – a user account assigned to you after completion of the registration procedure on the GMT DAO’s website available via the link https://app.greenminingdao.io/
“Applicable Law” has the meaning set out in Section 12.
“MATIC” means the Polygon Blockchain utility token that may be used to purchase computational resources to run decentralized applications or perform actions on the Polygon Blockchain.
“Polygon Blockchain” means the underlying blockchain infrastructure which GMT DAO utilizes to provide its Services.
“Governmental Authority” includes any domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority.
“Investor” – a user who has a registered Account, has access to the App and utilizes the Services to purchase a portion of GMT DAO’s tokens.
“Services” has the meaning set out in article 3.1 below.
“GMT” - a security token which is a form of a convertible loan, which can be purchased by the Investors via the Investor App (the terms of which are more fully set out in the Information Memorandum).
“Usage Fees” has the meaning set out in article 3.3 below.
2. MODIFICATIONS TO THE COMPANY TERMS
We reserve the right, in our sole discretion, to modify Company Terms from time to time. Any and all such modifications are effective immediately upon posting. By clicking “I Agree” to any modified terms or by continuing to access or use the Services, you accept and agree to be bound to the modified terms. You agree to frequently review the Company Terms to ensure that you are aware of any such modified terms.
3. GMT DAO AG APP SERVICES
3.1 Services for Investors - provision of access to a set of instruments that allows you to purchase and utilize our tokenized securities via the App. The mentioned Services consist of the following actions and items (but not limited to them):
3.1.1 tools to register your account on the GMT DAO App platform, which can be accessed via the following link app.greenminingdao.io;
3.1.2 tools to validate yourself as an investor, including but not limited to completion of our Know Your Customer (“KYC”) procedures;
3.1.3 tools to purchase our GMT token and enjoy other available services.
3.3 Polygon Gas Charges - Some Services involve the use of the Polygon Blockchain, which may require you to pay a fee, commonly known as “Polygon Gas Charges”, for the computational resources required to perform a transaction on the Polygon Blockchain. You acknowledge and agree that GMT DAO has no control over: (a) any Polygon Blockchain transactions; (b) the method of payment of any Polygon Gas Charges; or (c) any actual payments of Polygon Gas Charges. Accordingly, you must ensure that you have a sufficient balance of MATIC stored at your Polygon Address to complete any transaction on the Polygon Blockchain before initiating such Polygon Blockchain transaction. We will make reasonable efforts to notify you of any Polygon Gas Charges before initiating any Services that require the use of the Polygon Blockchain.
3.4 Acceptance of payment – notwithstanding the amount of tokens you have indicated in the appropriate line on the App, we will transfer you tokens only in the amount that you have paid for, meaning that if there is a discrepancy between the amount of tokens that you put in the appropriate line on the App and the amount of money you have paid, we will transfer you an amount of tokens equal to the amount of received payment.
3.5 Return of payments - Please note, that we will transfer your funds back in the following cases:
- if you have provided payment in the amount which is less than the established minimum cap for token purchase;
- if you have provided payment via any bank, wallet address or another payment instrument which is different from the whitelisted one during the registration procedure;
- in the event that you fail to complete any KYC procedure required or undertaken by GMT DAO at any time (including, without limitation, any KYC procedure required or undertaken subsequent to any initial KYC procedure pursuant to which GMT DAO requires any additional or updated documentation).
4.1 Account - You must have a registered account on our web-site in order to use the Services. During registration, in order to create an Account, we will ask you to provide certain information, including, but not limited to: your name, your physical address, your email address and/or your Polygon Address.
4.2 Your Responsibilities - As a condition to accessing or using the Services, you shall:
4.2.2 ensure that, at all times, all information that you provide for the Services, including the information in your Account, is complete and accurate;
4.2.3 maintain the security and confidentiality of your Account and Polygon Address.
4.3 Unacceptable Use or Conduct - As a condition to accessing or using the Services, you will not:
4.3.1 violate any Applicable Law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing regimes;
4.3.2 infringe on or misappropriate any contract, intellectual property or other third-party rights using the Services;
4.3.3 use the Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Services, or that could damage, disable, overburden, or impair the functioning of the Services in any manner;
4.3.4 attempt to circumvent any content filtering techniques or security measures that GMT DAO employs for the Services, or attempt to access any service or area of the Services that you are not authorized to access;
4.3.5 use any malware or other automated means not provided by us, to access the Services or to extract any data which can be gained utilizing the Services;
4.3.6 use or attempt to use another user’s Account without authorization;
4.3.7 post content or communications using the Services that we, in our sole discretion, consider to be libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
4.3.8 use the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined is a jurisdiction where the use of the Services is prohibited;
4.3.9 encourage or induce any third party to engage in any of the activities prohibited under this Section 4.3.
4.4 Your Assumption of Risks - You represent and warrant that you:
4.4.1 have the necessary technical expertise and ability to review and evaluate the security, integrity and operation of any tokens, including GMT, that you decide to interact with;
4.4.2 have the knowledge, experience, understanding, professional advice and information to make your own evaluation of the merits, risks and applicable compliance requirements under Applicable Law of any security token activity you engage in and are able to incur a complete loss of any amounts invested using the App without impairing your financial condition;
4.4.3 know, understand and accept the risks associated with your Polygon Address, the Polygon Blockchain, MATIC, GMT;
4.4.4 accept the risk of purchasing GMT, exchanging them and otherwise utilizing the Services, and are responsible for conducting your own independent analysis of the risks specific to your use of the Services;
4.4.5 understand and accept that the Services are software applications consisting of code subject to flaws and that you acknowledge that you are solely responsible for evaluating any code provided and for evaluating the functioning of any Services accessed without any liability to GMT DAO.
4.5 Account Activities - You acknowledge and agree that you will be bound by, and hereby authorize GMT DAO to accept and rely on any agreements, instructions, orders, authorizations and any other actions made, provided or taken by anyone who has accessed or used your Account, regardless of whether such access is authorized or unauthorized. You further acknowledge and agree that GMT DAO will not be liable for any of its actions that you have authorized it to take.
5. PRIVACY NOTICE
Please refer to our Privacy Notice or information about how we collect, use, and share your information.
6. PROPRIETARY RIGHTS
6.1 Ownership of Services - Excluding any open source software or third-party licensed software that the Services incorporate, GMT DAO owns the Services, including all technology, content, intellectual property objects and rights in them and other materials used, displayed or provided on or in connection with the Services.
6.2 License; Open Source Software License; Limitations - The source code for our Services are governed by applicable licensing terms for the Services mentioned in these Terms. You acknowledge that the Services may use, incorporate or link to certain open-source components and that you will comply with any applicable open-source licenses that govern any such open-source components.
6.3 Trademarks - Any of our product or service names, logos, and other marks used in or as a part of the Services, including our name and logo are trademarks owned by GMT DAO, its Affiliates or its applicable licensors. You may not copy, imitate or use them without our (or the applicable affiliate’s or licensor’s) prior written consent.
7. CHANGES, SUSPENSION, TERMINATION
7.1 Changes to Services - We may, at our sole discretion, from time to time and without prior notice to you, modify, suspend or disable, temporarily or permanently, the Services, in whole or in part, for any reason whatsoever.
7.2 No Liability - We will not be liable for any losses suffered by you resulting from any modification to any Services or from any suspension or termination, for any reason, of your access to all or any portion of the Services.
7.3 Effect of Termination - In the event, we terminate your Account or your complete access to the Services, we may delete or suspend your Account and all related information and files in such Account.
You will defend, indemnify, and hold harmless us, our Affiliates and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors (collectively, “Indemnified Parties”) from any claim, demand, lawsuit, action, proceeding, investigation, liability, damage, loss, cost or expense, including, without limitation, reasonable attorneys’ fees, arising out of or relating to (a) your use of, or conduct in connection with, the Services; (b) the transfer of your tokens to third parties; (c) any Polygon Blockchain assets associated with your Polygon Address; (d) any feedback or user content you provide when accessing the Services, if any; (e) your violation of these Terms; or (f) your infringement or misappropriation of the rights of any other person or entity. If you are obligated to indemnify any Indemnified Party, GMT DAO (or, at its discretion, the applicable Indemnified Party) will have the right, in its sole discretion, to control any action or proceeding and to determine whether GMT DAO wishes to settle, and if so, on what terms.
10. LIMITATION OF LIABILITY
10.1 To the maximum extent permitted under Applicable Law, the Services (and any of their content or functionality) provided by or on behalf of us are provided on an “AS IS” and “AS AVAILABLE” basis, and we expressly disclaim, and you waive, any representations, conditions or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including, without limitation, the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Services (including any data relating thereto) will be uninterrupted, available at any particular time or error-free. Further, we do not warrant that errors in the Services are correctable or will be correctable.
10.2 You acknowledge that your data may become irretrievably lost or corrupted or temporarily unavailable due to a variety of causes, and agree that, to the maximum extent permitted under Applicable Law, we will not be liable for any loss or damage caused by denial-of-service attacks, software failures, viruses or other technologically harmful materials (including those which may infect your computer equipment), protocol changes by third-party providers, Internet outages, force majeure events or other disasters, scheduled or unscheduled maintenance, or other causes either within or outside our control.
10.3 The disclaimer of implied warranties contained herein may not apply if and to the extent, such warranties cannot be excluded or limited under the Applicable Law of the jurisdiction in which we reside.
11. EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES
12. GOVERNING LAW
13.3 Non-waiver - Our failure or delay in exercising any right, power, or privilege shall not operate as a waiver thereof.
13.5 Force Majeure - We will have no responsibility or liability for any failure or delay in performance of the Services, or any loss or damage that you may incur, due to any circumstance or event beyond our control, including without limitation any flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, the action of government, communications, power failure, or equipment or software malfunction.
13.7 Restrictions - We may, at any time and in our sole discretion, restrict your access to, or otherwise impose conditions or restrictions upon your use of the Services without prior notice. For example, we may restrict access to or certain transaction requests from certain locations if we have a reasonable suspicion of fraud, diminished capacity, inappropriate activity or a dispute in connection with your Account.
13.8 No Broker, Legal or Fiduciary Relationships – GMT DAO is not a provider of a broker, legal, intermediary, agent, or advisory services and has no fiduciary relationship or obligation to you regarding any of your decisions or activities that you affect when using the Services. Neither our communications nor any information that we provide to you is intended as or shall be considered or construed as advice.
13.9 Headings - Headings of sections are for convenience only and shall not be used to limit or construe such sections.
13.10 Entire Agreement - These Terms contain the entire agreement, and supersede all prior and contemporaneous understandings between the parties regarding the Services.