Terms of Use
Last Modified: October 1, 2024.
Welcome to MORE Markets!
These Terms of Use (these “Terms” or this “Agreement”) is a contract between you (“you” or “yours”) and Ignite Solutions Pvt. Ltd. (“Ignite”, “we”, “us”, or “our”), which governs your access and use of our website located at www.more.markets (the “Website” including its subdomains), website hosted user interface located at www.app.more.markets ( “Interface”), services, products, applications, and features provided by More Markets and/or available or accessible through the Website or Interface, and such other services that may be offered by More Markets from time to time (collectively, the “Services”).
By clicking on an “I Agree” button or checkbox presented with this Agreement, or, if earlier, by accessing or using our Services, you agree to be bound by this Agreement.
THESE TERMS CONTAIN A MANDATORY ARBITRATION AND WAIVER OF CLASS ACTION PROVISION THAT, AS FURTHER SET FORTH IN SECTION 16, REQUIRES THE USE OF ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES, RATHER THAN JURY TRIALS OR ANY OTHER COURT PROCEEDINGS, OR CLASS ACTIONS OF ANY KIND. PLEASE READ SECTION 16 CAREFULLY.
1. OUR SERVICES
1.1 The Protocol. In connection with the Services, we provide access to a decentralized, autonomous, noncustodial protocol consisting of certain smart contracts (“Decentralized Application”) executed by the Ethereum Virtual Machine (the “Protocol”). The Protocol allows access to certain services including: (a) borrow, which enables overcollateralized or undercollateralized supplying and borrowing of certain digital assets, which assets are based on the cryptographic protocol of a computer network that may be centralized or decentralized, closed or open source, and used as a medium of exchange and/or store of value (“Crypto Assets”) on an isolated market (supply pools with only one collateral asset and one loan asset priced through an oracle), and noncustodial risk management; and (b) earn, which facilitates the creation of one or more noncustodial vaults with customizable risk exposure to one or more markets.
2. ELIGIBILITY
2.1 Individuals. If you are an individual who is using the Services, you agree and represent that you: (a) are a natural person who is at least 18 years old; (b) are using the Services solely for your own benefit and not on behalf of, or for the benefit of, a third party; (c) have not previously been banned, suspended, or removed from the Services; and (d) are not a Restricted Party as defined in Subsection 2.3 below.
2.2 Legal Entities. If you are using the Services on behalf of a legal entity, you and the legal entity agree and represent that your legal entity: (a) is duly established and validly existing under applicable laws; (b) is only using the Services for its own benefit and not on behalf of, or for the benefit of, a third party; (c) has not previously been banned, suspended, or removed from the Services; and (d) is not a Restricted Party as defined in Subsection 2.3 below.
Further, when you use our Services on behalf of a legal entity, you agree and represent that you: (a) are a natural person who is at least 18 years old; (b) are using the Services solely on behalf of your legal entity; (c) your legal entity has authorized you to use the Services on its behalf; (d) you have the applicable power and authority to enter into binding agreements for and on behalf of the legal entity; (e) you have not previously been banned, suspended, or removed from the Services; and (f) you are not a Restricted Party as defined in Subsection 2.3 below.
2.3 Restricted Parties. You may not use the Services if you, your wallet address, or any person or entity controlling you are:
Located in, or a citizen or resident of, any state, country, territory, or region MORE Markets does not offer the Services in, including but not limited to the Bangladesh, Belarus, Bolivia, Canada, Côte d’Ivoire, Crimea region and any non-government controlled areas of Ukraine, Cuba, Democratic People’s Republic of North Korea, Iran, Iraq, Liberia, Netherlands, People’s Republic of China, Russia, Sudan, Syria, United Kingdom, United States of America, or where your use of the Services would be illegal or otherwise violate any applicable laws; or
Listed on any economic sanctions or trade embargoes lists, including but not limited to the sanctions lists maintained or issued by the United States Office of Foreign Assets Control, the United States Department of Commerce, the United Nations Security Council, the European Union, or Her Majesty’s Treasury.
(each a “Restricted Party”)
3. CHANGES TO THESE TERMS
We may make changes to these Terms from time to time and the changes will take effective immediately upon the date that such changes are posted to our Website. However, any changes to the dispute resolution provisions set out in Section 16 will not apply to any disputes for which the parties have actual notice before the date that such changes are posted to our Website. Your acceptance of our changes to these Terms occurs when you use our Services after we post the changes to our Website. If you do not agree to be bound by this Agreement as changed, your sole and exclusive remedy is to discontinue your use of the Services. We encourage you to frequently review these Terms so you understand the terms and provisions that apply to your access to, and use of, the Services.
4. CHANGES TO THE SERVICES
4.1 Service Change. We may change, interrupt, suspend, or terminate the Services at any time with or without prior notice to you. We shall not be liable if all or any part of our Services are unavailable at any time or for any period. From time to time, we may restrict access to some parts of our Services.
4.2 Technological Limitations and Force Majeure. You acknowledge and consent that the Services are provided by us according to our current technological capability and other business conditions. While we have made every effort to ensure continuity and security of the Services, we are unable to completely foresee and hedge against all legal, technological, and other risks including: (a) natural disasters acts of God such as earth earthquakes, fires, cyclones, explosions, typhoons, monsoons, landslides, lightning, storms, tempests, pandemics, droughts or meteors; (b) acts of war, whether declared or undeclared, including invasion, act of a foreign enemy, hostilities between nations, civil insurrection, or militarily usurped power; and acts of terrorism; (c) civil disorder, such as acts of a public enemy, malicious damage, terrorism, sabotage, or civil unrest; (d) embargoes or sanctions (such as confiscation, nationalization, requisition, expropriation, prohibition, restraint or damage to property by or under the order of any government or governmental authority; (e) unnatural disasters, such as ionizing radiation or contamination by radioactivity from any nuclear waste or from combustion of nuclear fuel; (f) labor disputes, including strikes, blockades, lock-outs, or other industrial disputes; (g) failure of telecommunication outlets, including the internet, communications networks and facilities, or other infrastructure, systems, operations or of equipment relevant to the provision or use of the Protocol and/or Services; (h) data breaches or data-processing failure or incomplete processing; and/or (i) changes in laws or regulations that may materially affect the crypto assets and/or blockchain industries (collectively, “Force Majeure Events”).
4.3 User Acknowledgment. While using the Services, you agree and acknowledge the possibility of discontinuation of the Services. You further acknowledge and agree that Ignite will not be liable for any losses including incidental, indirect, direct, general, punitive, exemplary, or consequential damages, as well as any loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, and any and all other commercial and non-commercial losses including interest, assessment, and other charges paid or payable in connection with or with respect to any of the foregoing of any kind (collectively, “Losses”).
4.4 Cooperation. We have the right to: (a) take appropriate legal action, including without limitation, referral to law enforcement, for any illegal or unauthorized use of the Website; and/or (b) terminate or suspend your access to all or part of the Services for any or no reason, including without limitation, any violation of these Terms. Without limiting the foregoing, we have the right to cooperate fully with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone posting any materials on or through the Services. YOU WAIVE AND HOLD HARMLESS IGNITE AND ITS AFFILIATES, LICENSEES, AND SERVICE PROVIDERS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY IGNITE AND/OR ANY OF THE FOREGOING PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.
5. ASSUMPTION OF RISK
Any Crypto Asset, Decentralized Application, transaction that relies on smart contracts, open source wallet software, blockchain, and the Services involve significant risk. In this Section 5, we set out a non-exhaustive list of some of the risks below. These risks, as well as additional risks arising from now or in the future can be substantial and potentially devastating. You should therefore carefully consider whether using any of our Services is suitable for you in light of your financial condition prior to commencing your use. You must also seek professional advice regarding your particular financial condition prior to commencing your use of our Services.
5.1 Crypto Asset Risks. Crypto Asset prices may fluctuate significantly at any given moment for any reason, moving up or down, and may even become valueless. The likelihood of Losses is just as likely as profits incurred from the trading of crypto assets. Due to these price fluctuations, you may gain or lose value in your Crypto Assets at any given moment.
Crypto Assets are Not Legal Tender. Crypto Assets are not considered legal tender. Crypto Assets may not be backed by any physical assets and may not be backed, guaranteed, or supported by any government or centralized authority.
High-Risk Asset Class. Crypto Assets are generally considered a high-risk asset class and may or may not be considered securities under certain jurisdictions. You must therefore exercise prudent judgment when transacting Crypto Assets.
Complex Nature. The nature of Crypto Assets may be very complex, and their terms, features, and/or risks may not be readily or fully understood due to the complex structure, novelty, and reliance on technological features.
Irreversible Nature of Transactions. Crypto Asset transfers are irreversible. Thus, accidental, or fraudulent transactions with respect to Crypto Assets may not be recoverable. You must therefore exercise caution when making any Crypto Asset transfers and are solely liable for any Losses that may arise.
Value Fluctuation and Price Volatility. The value of any Crypto Asset may fluctuate significantly over a short period of time. Price volatility and unpredictable fluctuations may result in significant Losses over a short period of time. The value of a particular Crypto Asset may decline or be completely and permanently lost should the market for that Crypto Asset disappear. There is no assurance that a market for a particular Crypto Asset will continue indefinitely into the future since the value of a Crypto Asset may be derived from various factors including the continued willingness of market participants to exchange such Crypto Asset.
Various Factors for Loss of Value. Any Crypto Asset may decrease in value or lose all value in a short period of time or permanently due to various factors, including but not limited to, government or regulatory activity, the discovery of wrongful or illegal conduct, market manipulation, price distortion, insider dealing, market distortion, malicious wrongdoing or behaviors, changes to the Crypto Asset’s nature or characteristics, suspension, or cessation of support for a Crypto Asset by exchanges or service providers, public opinion, or other factors outside of our control, technical advancements, and macroeconomic and political factors.
5.2 Decentralized Application Risks. There is no assurance that our markets for Crypto Assets will be orderly and stable. Any Crypto Asset or position may be subject to large swings in value and may even become worthless.
No Deposits. The Crypto Assets that are held by a Decentralized Application service provider or aggregator are not “deposits” nor are they intended to be held as any other regulated product or service under applicable laws.
No Statutory or Regulatory Protection. Crypto Assets held by a Decentralized Application service provider may not be protected deposits and/or may not be protected by any deposit protection scheme in any relevant jurisdiction. Thus, Crypto Assets may have a reduced level and type of protection compared to fiat currencies and other asset classes or types.
Potential Destabilizing Network Events. Under certain circumstances or situations, it may be difficult or even impossible to liquidate a position in Crypto Assets. Certain events that occur on the network may occur rapidly and affect the ability to conduct transactions on any Decentralized Application platform. Information relating to these network events may be difficult to predict or ascertain beforehand and may be subject to limited oversight by any third party who may be capable of intervening in order to stabilize the network.
5.3 Smart Contract Transactions. Transactions on our Protocol rely on smart contracts stored on various blockchains, cryptographic tokens generated by smart contracts, and other nascent software, applications and systems that interact with blockchain-based networks. These technologies are experimental, speculative, inherently risky, and subject to change.
Transactions are Final. A defining feature of blockchain technology is that its entries are immutable, which means, as a technical matter, they generally cannot be deleted or modified by anyone. This includes smart contracts and Crypto Assets generated and programmed by smart contracts. THUS, TRANSACTIONS RECORDED ON THE BLOCKCHAIN, INCLUDING TRANSFERS OF CRYPTO ASSETS AND DATA PROGRAMMED INTO THESE ASSETS (SUCH AS REVENUE AND INTEREST ALLOCATIONS), MUST BE TREATED AS PERMANENT AND CANNOT BE UNDONE BY US OR BY ANYONE. YOU MUST BE VERY CAREFUL WHEN YOU FINALIZE ANY TRANSACTION THAT WILL BE RECORDED ON THE BLOCKCHAIN. You expressly acknowledge that the Services are provided on the blockchain, and as such are to be carried out immediately.
Not Anonymous. A widespread belief is that transactions involving blockchains are anonymous. In fact, a central feature of blockchains and thus, blockchain-based transactions, are that they are transparent. Your public key and your wallet address are visible to anyone. To the extent your public key or wallet address can be linked back to you, it would be possible for someone to determine your identity and the Crypto Assets you own.
Automatic Transactions. You agree to the automated collection and disbursement of proceeds by smart contracts. You acknowledge and agree that all transactions accessed through the Services will be automatically processed using one or more blockchain-based smart contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic processing of all transactions in connection with using the Services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of Crypto Assets are distributed.
5.4 Cybersecurity and Technology Related Risks. Crypto Assets involve various cybersecurity and technology-related risks. Below is a non-exhaustive list of risks that you may encounter when using our Services.
Forks and Attacks. Crypto Assets may be subject to forks or attacks on the security, integrity, and/or operation of the networks, including any network events, as mentioned above. These events may affect features, functionality, operations, use, or other properties of any Crypto Asset, platform, or network. These events may also severely impact the price or value of any Crypto Asset and may even result in the shutdown of a network or platform associated with the Crypto Asset, whether a Decentralized Application or not. These events are beyond our control.
Cyber Attacks and Fraudulent Activity. Relying on technology via the Internet exposes you to an increased risk of fraud or cyber-attack. Crypto Assets, your Wallet, the Services, communication methods, or any other part of the Services may be targeted by malicious persons or individuals who may attempt to disrupt the Services or even steal Crypto Assets. This may include but is not limited to the following: malware, hacking, phishing, double spending, smurfing, spoofing, sybil attacks, social engineering, majority mining, consensus-based or other mining attacks, distributed denial of service, and blockchain fork.
Reliance on the Internet and Other Technology. The Services depend on the internet and other technology (including various communication methods and mediums). However, the public nature of the internet means that parts or the entire internet may be unreliable or unavailable at any given time. Furthermore, interruption, delay, corruption or loss of data, the loss of confidentiality or privacy through the course of data transmission, or malware transmission may occur when transmitting data via the internet and/or other technology. The above may result in your transactions not being executed according to your instructions at the requested time, or not executed at all. There is no technology that is completely secure or safe. You should therefore exercise caution when using any technology. The internet as well as other electronic media are an inherently unreliable form of communication, and such unreliability is beyond our control.
Open-Source Software Risks. Crypto Assets rely on various types of blockchain and/or distributed ledger technology. This technology is an open-source software that is built upon blockchain, which is still considered a novel and experimental technology. There are many risks that arise from this reliance, including but not limited to: existing technical flaws in the technology, malicious targets, majority-mining, consensus-based or other mining attacks, changes in the protocol or algorithms, changes in community or miner support, rapid and/or extreme fluctuations in value of relevant Crypto Assets, the existence or development of competing networks, platforms, and assets, flaws or vulnerabilities in coding languages, disputes between developers, miners, and/or users, and regulatory action.
Cryptographic Innovation. Innovation and developments in cryptographic technologies and techniques including but not limited to the advance of artificial intelligence and/or quantum computing may pose security risks to all cryptographically based systems, including Crypto Assets, Crypto Asset wallets, communication mediums, and other parts of the Services.
5.5 Crypto Asset Wallet Risks. Providing any other person access to your Wallet involves risk. You must take all necessary steps to ensure that any person you provide access to are appropriate and legal. You must also adopt controls and protocols relating to your Wallet as you see fit in order to monitor the activities of such persons to ensure that they remain appropriate and legal in their capacity.
Designated Persons Risks. There are substantial risks when allowing another person to trade or operate your Wallet, and it is possible that any instructions you provide are not properly authorized or executed. You accept all risks of such operation and fully and irrevocably release Ignite from any and all liability arising out of or in connection with all the aforementioned.
Unauthorized Access. You accept there is a genuine risk that unauthorized third parties may access your Wallet and make transactions without your knowledge or authorization, whether by obtaining control over a device or the Wallet you use in connection with our Services or by other methods.
Loss of Private Key. You are solely responsible for securing your private key with respect to any and all Wallets. The loss of your control to your private key will permanently and irreversibly deny your access to your Wallet. We will not be able to retrieve or protect your Crypto Assets. Once lost, you will not be able to transfer your Crypto Assets to any other address or wallet.
Wallet Requirements. You are responsible for providing the necessary equipment and software in order to utilize any Wallet, including hardware and software protection mechanisms and protocols. Attempting to access the Services without such equipment or software may result in permanent Losses. Ignite shall not be responsible for any of these Losses.
5.6 General Risks. Below is a non-exhaustive list of various general risks that you may encounter when using our Services.
Updated Materials. Ignite is not obliged to provide any adaptations, enhancements and/or modifications to the materials and/or information provided on the Services. It is your responsibility to ensure you update and download applicable updates and versions.
Jurisdiction-Related Risks. Changes in your place of domicile or applicable laws may result in you violating legal or regulatory requirements in your jurisdiction. You are solely responsible for ensuring that your actions remain lawful despite changes to applicable laws, your residence, and/or your unique circumstances.
Taxes and Accounting. Crypto Assets and transactions may be subject to various tax laws and regulations in an applicable jurisdiction. You should therefore seek independent professional advice before making any decisions in connection with our Services.
Legal and Regulatory Uncertainty. All Crypto Assets are generally exposed to legal and regulatory risks. Legal and regulatory treatment of Crypto Assets may change, and regulation of Crypto Assets is unsettled and rapidly changing. Furthermore, legal, and regulatory treatment of Crypto Assets may vary substantially across different jurisdictions. You should therefore seek and obtain independent advice from a qualified individual, and you should also continually monitor legal and regulatory updates that relate to the Services and Crypto Assets.
Service Risks. Our Services as a collective and each as an individual Service involves many risks, some of which are indicated elsewhere in these Terms. In addition, the following risks, which is not a comprehensive list, may apply: (a) Decentralized Application technology is not fully mature, and there has not been an established testing scale to determine the safety of such technology; (b) the nature of decentralized technological architecture poses a potentially increased threat of hacker attacks; and (c) collateral for decentralized protocols and projects may be higher than similar centralized protocols or projects.
5.7 Careful Consideration Prior to Using the Services. In light of these risks, you must carefully consider whether all applicable risks are acceptable prior to their linkage of your Wallet to the Services. You also appreciate that the risk disclosure statement herein is not and cannot be comprehensive or exhaustive. You must seek professional advice regarding your particular financial, legal, technical, and other conditions prior to commencing your use of the Services.
5.8 You acknowledge the risks of using the Services. You bear sole responsibility for evaluating the Services before using them, and all transactions accessed through the Services are irreversible, final, and without refunds. The Services may be disabled, disrupted, and/or adversely impacted as a result of a Force Majeure Event. We disclaim any ongoing obligation to notify you of all of the potential risks of using and accessing the Services. You agree to accept these risks and agree that you will not seek to hold Ignite responsible for any consequent losses.
YOU UNDERSTAND THAT LOSSES MAY BE INCURRED RATHER THAN PROFIT MADE AS A RESULT OF PARTICIPATING IN SERVICES, AND THIS IS A RISK THAT YOU ARE PREPARED TO FULLY AND SOLELY ACCEPT AND BEAR.
THE ROLES OF THE OWNER, CURATOR, ALLOCATOR AND GUARDIAN ARE EXECUTED WITH A VIEW TOWARDS THE OVERALL SAFETY AND FUNCTIONALITY OF THE IGNITE VAULTS. THESE ACTIONS AND DECISIONS ARE NOT PREDICATED ON ANY INDIVIDUAL MANDATES, NOR DO THEY CONSTITUTE PERSONALIZED RECOMMENDATIONS TAILORED TO ANY PARTICULAR PERSON’S FINANCIAL SITUATION OR INVESTMENT GOALS.
USERS ACKNOWLEDGE AND AGREE THAT THEY USE THE IGNITE VAULTS AT THEIR OWN RISK AND MAY NOT HOLD LIABLE IGNITE OR ANY OTHER CONTRIBUTORS.
You hereby assume and agree that Ignite will have no responsibility or liability for such risks and waive, release, and discharge any and all claims, whether known or unknown to you, against Ignite, its affiliates, and their respective shareholders, members, directors, officers, employees, agents, and representatives related to any of the risks set forth herein. You also waive application of Section 1542 of the Civil Code of the State of California, which states “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR”, and any similar law of any other jurisdiction.
6. REPRESENTATIONS AND WARRANTIES
6.1 Legal Purposes Only. You represent and warrant that you shall not use the Services for any illegal purpose or in any illegal way or manner. You shall abide by any and all applicable laws of the jurisdiction where you are located; all local, national, and international practices regarding internet use; and all network agreements, rules, and procedures related to or in connection with the Services.
6.2 Full Responsibility. You agree to solely bear the responsibility for any and all activities that occur in connection with your use of the Services and under your Wallet, including without limitation, disclosing, or publishing information, clicking to agree with various agreements, uploading and submitting various documents or information, clicking to agree with the renewal of various agreements, or clicking to agree with service agreements provided by third parties.
6.3 Commercial Advisements. You agree that Ignite has the right to place various commercial advisements or any other types of commercial and/or promotional information on our Services, and you accept that we may send commercial promotions or other relevant commercial and/or promotional information to you through email or other communication means.
6.4 General Representations and Warranties. You represent and warrant the following:
You fully understand all risks associated with using the Services, and you have the necessary experience, understanding, and risk tolerance for using the Services, including the necessary experience and knowledge to enter into relevant transactions under the Services.
You will carefully consider and use clear judgment to evaluate your financial situation and risks before making any decisions to use the Services, and you shall bear any and all Losses arising from your decisions.
These Terms do not conflict with the applicable laws of your applicable jurisdiction and you shall comply with all applicable laws of your applicable jurisdiction.
You are the legal and rightful owner of all funds and/or Crypto Assets in your wallet or other Crypto Assets or funds which you may use in connection with the Services. You represent and warrant that the sources of such funds and Crypto Assets are legal, and you will not trade or obtain financing on or through any of our Services with anything other than funds or Crypto Assets that have been legally obtained by you and that belong to you.
6.5 Prohibited Uses and Activities. You may access or use the Services solely for lawful purposes and in accordance with these Terms. You represent and warrant that you will not interact with the Services:
In any way that violates any applicable federal, state, local, or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from the US or other countries).
For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise.
To transmit, or procure the sending of, any advertising or promotional material, including any “junk mail,” “chain letter,” “spam,” or any other similar solicitation.
To impersonate or attempt to impersonate Ignite, an employee, another user, or any other person or entity (including, without limitation, by using email addresses, screen names, similarly named or commonly misspelled URLs, or associated blockchain identities).
To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Services, or which, as determined by us, may harm or expose liability to Ignite or other users.
To cause the Services, the Services underlying blockchain networks or technologies, or any other functionality with which the Services interact, to work other than as intended.
To damage the reputation of Ignite or impair any of Ignite’s legal rights or interests.
Deceive or defraud, or attempt to deceive or defraud, any person, including (without limitation) providing any false, inaccurate, or misleading information (whether directly through the Services or through an external means that affects the Services) with the intent to unlawfully obtain the property of another or to provide knowingly or recklessly false information, including in any way that causes inaccuracy among the content on the Services.
To manipulate or defraud any Decentralized Application, oracle system, or blockchain network, or the users thereof.
Promote any illegal activity, or advocate, promote, or assist any unlawful act.
Cause annoyance, inconvenience, or needless anxiety or be likely to upset, embarrass, alarm, or annoy any other person.
Impersonate any person, misrepresent your identity, or misrepresent its affiliation with any person or organization.
Engage in any activity or behavior that violates any applicable laws concerning, or otherwise damages, the integrity of the Services, or any other service or software which relies on the Services.
Give the impression that you emanate from or are endorsed by Ignite and/or any other person or entity in connection with the Services.
Use the Services in any manner that could disable, overburden, damage, impair, or interfere with the Services, including the ability to engage in real time activities through the Services.
Use any robot, spider, or other automatic device, process, or means to access the Services for any purpose, including monitoring or copying any of the material on the Services.
Use any manual process to monitor or copy any of the material on the Services, or for any other purpose not expressly authorized in these Terms, without our prior written consent.
Use any device, software, or routine that interferes with the proper working of the Services.
Introduce any viruses, Trojan horses, worms, logic bombs, or other material that is malicious or technologically harmful to the Services, other users, any underlying blockchain, or any of the Service’s related utilities or functionalities.
Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Services, the server on which the Services or information in connection with the Services is stored, or any server, computer, or database connected to the Services, including any underlying blockchain.
Violate the legal rights (including the rights of publicity and privacy) of others or contain any material that could give rise to any civil or criminal liability under applicable laws or regulations or that otherwise may be in conflict with these Terms.
Attack the Services or any of the Services’ underlying blockchain networks or technologies, or any other functionality with which the Services interact via a denial-of-service attack or a distributed denial-of-service attack.
Encourage or induce any third party to engage in any of the activities prohibited under these Terms.
7. SERVICES CONTENT
7.1 Reliance. We do not warrant the accuracy, completeness, or usefulness of any materials or information that we or a third party present on or through the Services and such information is made available solely for general information and education purposes. Any information posted to the Services should not be construed as an intention to form a contract, and in no case should any information be construed as Ignite’s offer to buy, sell, exchange, or otherwise transact Crypto Assets. We disclaim all liability and responsibility arising from any reliance placed on such information or materials by you, any other user or person who may be informed of any of the Services contents, or by the actions or omissions of others interacting with the Services or any underlying blockchain.
7.2 Third Party Information. The Services may include content provided by third parties, including (without limitation) materials provided by other users, bloggers, and third-party licensors, syndicators, blockchain users, decentralized applications, aggregators, and/or reporting services. All statements, alleged facts, and/or opinions expressed in these materials, and all articles and responses to questions and other content are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of Ignite or even the factual status of reality. We are not responsible, or liable to any user or any third party for the content or accuracy of any materials provided by any third party, and you acknowledge and agree that you bear the sole and absolute responsibility to evaluate and select any third-party functionality you interact with via the Services.
8. INTELLECTUAL PROPERTY RIGHTS.
8.1 Proprietary Rights. The Services and its entire contents, features, and functionality including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof, except for any open source software, are owned by Ignite, its licensors, or other providers of such material and are protected by applicable and/or international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.
You acknowledge and agree not to reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on the Services except as follows: (a) your computer may temporarily store copies of such materials in RAM incidental to your access and viewing of those materials; (b) you may store files that are automatically cached by the your web browser for display enhancement purposes; (c) you may print or download one copy of a reasonable number of pages of the Website for your own personal, non-commercial use and not for further reproduction, publication, or distribution; (d) if we provide desktop, mobile, or other applications for download, you may download a single copy to your computer or mobile device, provided, you agree to be bound by any applicable end user license agreement or other agreement for such applications; and/or (e) for any open-source materials in connection with the Services, you may perform any activities only as is consistent with the open-source license applicable to such materials.
8.2 Limitations on Use. In connection with the Services, you acknowledge and agree that you will not: (a) modify copies of any materials from the Services; (b) use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text; and/or (c) delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from the Services.
8.3 Reservation of Rights. If your use or access to the Services is in breach of these Terms, your right to access the Services will stop immediately and you must, at our sole option, return or destroy any copies of the materials that you made directly or indirectly from the Services. No right, title, or interest in or to the Services is transferred to you, and all rights not expressly granted are reserved by Ignite. You may freely use any open-sourced materials up to the limits provided, but in accordance with any requirements placed, by those materials’ open-source licenses. Any use of the Services not expressly permitted by these Terms is a breach of these Terms and may violate copyright, trademark, and other applicable laws.
8.4 Trademarks. Ignite’s name, the term “MORE Markets”, and all related names, logos, product and service names, designs, and slogans are trademarks of More Markets or its affiliates or licensors. You must not use such marks without the prior written permission of Ignite.
8.5 Feedback. Ignite will own any feedback, suggestions, ideas, or other information or materials regarding Ignite that you provide, whether by email, posting through the Services, or otherwise (“Feedback”). You hereby assign to Ignite all right, title, and interest to Feedback together with all associated intellectual property rights. You will not be entitled to, and hereby waive any claim for, acknowledgement or compensation based on any Feedback or any modifications made based on any Feedback.
9. YOUR INFORMATION
As part of the Services, you may provide certain information to us in connection with your access or use of the Services, or we may otherwise collect certain information about you when you access or use the Services. You agree to receive emails and other types of communications from us. To understand how Ignite collects, uses, and shares information about you, please review our Privacy Policy .
10. WARRANTY DISCLAIMER
Disclaimer of Warranties. Ignite has no oversight on or control over any particular crypto-asset or blockchain network. You are responsible for your use of the Services, the functionalities that you enable, transactions engaged through the Services, and access or use of the information derived thereof. You are solely responsible for complying with all applicable laws related to its transactions and activities that directly or indirectly incorporate our provision of the Services. You acknowledge and understand that Ignite is not registered nor licensed with, nor have the Services or the software contained therein been reviewed by any securities, commodities, or other financial or banking regulator. You further understand that we cannot and do not guarantee or warrant that files available for download from the Services will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for: (a) an appropriate Decentralized Application utility; (b) anti-virus protection and accuracy of data input and output; (c) your participation in and use of the Services’ underlying blockchain and related technologies; and (d) maintaining a means external to our site to reconstruct any lost data.
TO THE FULLEST EXTENT PROVIDED BY LAW, WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, MAN-IN-THE-MIDDLE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE INTERFACE, PROTOCOL, WEBSITE, DECENTRALIZED APPLICATION, WALLET, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SERVICES OR YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY THIRD PARTY WEBSITE LINKED TO IT.
YOUR USE OF THE SERVICES AND ANY SERVICES CONTENT IS AT YOUR SOLE RISK. THE SERVICES, THE MATERIAL, THE WEBSITE, THE INTERFACE, THE PROTOCOL, AND THE DECENTALIZED APPLICATION ARE PROVIDED ON AN “AS IS’’ AND “AS AVAILABLE” BASIS. TO THE FULLEST EXTENT LEGALLY PERMISSIBLE, WE, NOR ANY PERSON ASSOCIATED WITH IGNITE, MAKE, AND WE EXPLICITLY DISCLAIM, ANY AND ALL REPRESENTATIONS OR WARRANTIES OF ANY KIND RELATED TO THE WEBSITE, THE INTERFACE, THE PROTOCOL, THE DECENTRALIZED APPLICATION, AND THE SERVICES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING (WITHOUT LIMITATION) THE WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE. NEITHER MORE MARKETS NOR ANY PERSON ASSOCIATED WITH IGNITE MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE PROTOCOL, DECENTRALIZED APPLICATION, MATERIALS, THE WEBSITE, THE INTERFACE, OR THE SERVICES. IGNITE AND ANY PERSON ASSOCIATED WITH IGNITE DO NOT REPRESENT OR WARRANT THAT: (A) ACCESS TO THE PROTOCOL, DECENTRALIZED APPLICATION, MATERIALS, THE WEBSITE, THE INTERFACE, OR THE SERVICES WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, WITHOUT DELAY, ERROR-FREE, SECURE, OR FREE FROM DEFECTS; (B) THAT THE INFORMATION CONTAINED OR PRESENTED ON THE WEBSITE OR VIA THE SERVICES IS ACCURATE, RELIABLE, COMPLETE, CONCISE, CURRENT, OR RELEVANT; (C) THAT THE PROTOCOL, DECENTRALIZED APPLICATION, MATERIALS, THE WEBSITE, THE INTERFACE, THE SERVICES, OR ANY SOFTWARE CONTAINED THEREIN WILL BE FREE FROM DEFECTS, MALICIOUS SOFTWARE, ERRORS, OR ANY OTHER HARMFUL ELEMENTS, OR THAT ANY OF SUCH WILL BE CORRECTED; OR (D) THAT THE WEBSITE, THE INTERFACE, OR THE SERVICES WILL MEET THE USER’S EXPECTATIONS. NO INFORMATION OR STATEMENT THAT WE MAKE, INCLUDING DOCUMENTATION OR OUR PRIVATE COMMUNICATIONS, SHOULD BE TREATED AS OFFERING ANY WARRANTY CONCERNING THE PROTOCOL, THE DECENTRALIZED APPLICATION, THE MATERIALS, THE WEBSITE, THE INTERFACE, OR THE SERVICES. WE DO NOT ENDORSE, GUARANTEE, OR ASSUME ANY LIABILITY OR RESPONSIBILITY FOR ANY CONTENT, ADVERTISEMENTS, OFFERS, STATEMENTS, OR ACTIONS BY ANY THIRD PARTY EITHER REGARDING THE PROTOCOL, THE DECENTRALIZED APPLICATION, THE MATERIALS, THE WEBSITE, THE INTERFACE, OR THE SERVICES. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
11. LIMITATION OF LIABILITY
TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL IGNITE, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEBSITE, THE INTERFACE, THE PROTOCOL, THE DECENTRALIZED APPLICATION, THE SERVICES, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE WEBSITE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. THIS DISCLAIMER OF LIABILITY EXTENDS TO ANY AND ALL DAMAGES CAUSED BY ANY THIRD PARTY (INCLUDING, WITHOUT LIMITATION, THOSE CAUSED BY FRAUD, DECEIT, OR MANIPULATION), WHETHER OR NOT A USER, OR ANY FAILURE, EXPLOIT, OR VULNERABILITY OF THE WEBSITE, SERVICES, THE PROTOCL, THE INTERFACE, THE DECENTRALIZED APPLICATION, YOUR WALLET OR OTHER “WEB3 UTILITIES”, OR THE UNDERLYING BLOCKCHAINS OR RELATED BLOCKCHAIN FUNCTIONALITIES. TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL THE COLLECTIVE LIABILITY OF IGNITE AND ITS SUBSIDIARIES AND AFFILIATES, AND THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, AND DIRECTORS, TO ANY PARTY (REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE) EXCEED THE GREATER OF $100 US DOLLARS OR THE AMOUNT YOU HAVE PAID DIRECTLY TO IGNITE FOR THE APPLICABLE CONTENT OR SERVICES IN THE LAST SIX MONTHS OUT OF WHICH LIABILITY AROSE. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
12. NO PROFESSIONAL ADVICE
All information or content provided or displayed by the Services is for informational purposes only and should not be construed as professional advice including, without limitation, tax, legal, or financial advice. You should not take, or refrain from taking, any action based on any information or content displayed or provided on or through the Services. You should seek independent professional advice from an individual licensed and qualified in the area appropriate for such use before you make any financial, legal, or other decisions where such is considered prudent. You acknowledge and agree that to the fullest extent permissible by law, you have not relied on Ignite, the content accessible on or through the Services, or any professional advice related to your financial or legal matters.
13. NO FIDUCIARY DUTIES
These Terms, and the provision of the Services, are not intended to create any fiduciary duties between Ignite and any user or any third party. Ignite never takes possession, custody, control, ownership, or management of any Crypto Assets or other property you may transmit using the Services. To the fullest extent permissible by law, you agree that neither your use of the Services causes Ignite or any user to owe fiduciary duties or liabilities to you or any third party. Further, you acknowledge and agree to the fullest extent such duties or liabilities are afforded by law or by equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated, and that Ignite shall be held completely harmless in relation thereof. You further agree that the only duties and obligations that we owe you, and the only rights you have related to this Agreement or your use of the Services, are those set out expressly in this Agreement or that cannot be waived by law.
14. THIRD PARTY LINKS
The Services may contain links to other sites and resources provided by third parties, these links are provided for convenience only. This includes links contained in advertisements like banner advertisements and sponsored links. We have no control over the contents of those sites or resources, and you acknowledge and agree that we do not and will not accept any responsibility for them or for any loss or damage that may arise from your use of such third party links. If you decide to access any of the third party websites linked to the Services, you do so entirely at its own risk and subject to the terms and conditions of use for such third party websites.
15. INDEMNIFICATION
You agrees to defend, indemnify, and hold harmless Ignite, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to: (a) your violation of these Terms; (b) your use of Services, including, but not limited to, your interactions with the Protocol, Interface, or other features which are accessible on or through the Services; (c) use of or reliance on the Website's content, services, and products other than as expressly authorized in these Terms; (d) your use or reliance on of any information obtained from the Services; or (e) any other party’s access and use of the Services with your assistance or without your assistance by using any device or account that you own or control.
16. GOVERNING LAW AND JURISDICTION
All matters relating to these Terms and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the Democratic Socialist Republic of Sri Lanka without giving effect to any choice or conflict of law provision or rule (whether of Sri Lanka or any other jurisdiction).
17. ARBITRATION; CLASS ARBITRATION WAIVER
Any dispute, controversy or claim arising out of, relating to, or in connection with the access or use of the Services, or in connection with this Agreement, including disputes arising from or concerning their interpretation, violation, invalidity, non-performance, or termination, shall be finally resolved by binding arbitration by the American Arbitration Association under its Rules of Arbitration. The tribunal shall have the power to rule on any challenge to its own jurisdiction or to the validity or enforceability of any portion of the agreement to arbitrate. The parties agree to arbitrate solely on an individual basis, and that these Terms do not permit class arbitration or any claims brought as a plaintiff or class member in any class or representative arbitration proceeding. The arbitral tribunal may not consolidate more than one person's claims and may not otherwise preside over any form of a representative or class proceeding. In the event the prohibition on class arbitration is deemed invalid or unenforceable, then the remaining portions of the arbitration agreement will remain in force.
18. LIMITATION ON TIME TO FILE CLAIMS
ANY CAUSE OF ACTION OR CLAIM THAT YOU MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OF USE OR THE SERVICES MUST BE COMMENCED WITHIN SIX (6) MONTHS AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED.
19. WAIVER AND SEVERABILITY
No waiver by Ignite of any term or provision set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or provision, and any failure of Ignite to assert a right or provision under these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect.
20. CHANGE OF CONTROL
In the event that Ignite is acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information, funds, and Crypto Assets we have collected from you as part of such merger, acquisition, sale, or other change in control.
21. ENTIRE AGREEMENT
These Terms and each and every term or condition that is applicable to you, including those incorporated by reference herein, comprise the entire understanding and agreement between you and Ignite as to the subject matter hereof, and supersede any and all prior discussions, agreements, and understandings of any kind (including without limitation any prior versions of these Terms) between and among you and Ignite. Section headings in the Terms are for convenience only and shall not govern the meaning or interpretation of any provision of the Terms. In the event of any conflict between these Terms and any other agreement you may have with Ignite, these Terms will control unless the other agreement specifically identifies these Terms and declares that the other agreement supersedes these Terms.
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