Please read these Terms and Conditions ("Terms", "Terms and Conditions", “T&Cs”) carefully before using the http://www.edexchange.io website (the "Service") operated by edexchange.io ("us", "we", or "our").
Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
When you create an account with us, you must undertake and agree to provide us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms, which may result in immediate termination of your account on our Service at our sole discretion.
You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service.
You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account. The use of your account with us is premised on you as the sole user and not transferable to any other party. Any unauthorised use will constitute a breach of these Terms and liable to immediate termination.
Our Service may contain links to third-party web sites or services that are not owned or controlled by edexchange.io.
Edexchange.io has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third party web sites or services. You do hereby further acknowledge and agree that edexchange.io shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.
We strongly advise you to read all the terms and conditions and privacy policies of any third-party web sites or services that you visit.
We may terminate or suspend access to our Service immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach any of the Terms.
Upon termination, your right to use the Service will immediately cease. If you wish to terminate your account, you may simply discontinue using the Service.
All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
These Terms shall be governed and construed in accordance with the laws of British Virgin Islands (BVI), without regard to its conflict of law provisions.
Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect.
These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have between us regarding the Service.
If any dispute shall arise in connection with these Terms, either you or we may initiate the dispute resolution procedures set forth in this section by giving the other party written note of such dispute (“Dispute Notice”).
Following issuance of a Dispute Notice, both you and we shall agree to participate in mediation and undertake to abide by the terms of any settlement reached. The mediation must take place within sixty (60) days of the date of the Dispute Notice, and the mediator shall be an Associate or Principal Mediator accredited by British Virgin Islands International Arbitration Centre (BVI IAC), an accredited mediator who has been agreed on an ad hoc basis between the parties for the purposes of seeking a possible resolution to the dispute. Parties shall endeavour to agree on a mediator, failing which the mediator shall be selected by the BVI IAC.
We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will try to provide at least 30 days notice prior to any new terms taking effect. However, the absence of notice should not affect the validity of any new terms whatsoever. What constitutes a material change will be determined at our sole discretion.
By continuing to access or use our Service after those revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the Service.
We consider a transaction to be clearly erroneous when its price is substantially inconsistent with the market price at the time of execution (each, a “Clearly Erroneous Transaction”). In making a determination, we take into account the circumstances at the time of the transaction, the preservation of the integrity of the market, and the maintenance of a fair and orderly marketplace. You are responsible for ensuring that the appropriate price and Order type is entered into EDEX. A simple assertion by you that a mistake was made in entering an order, or that you failed to pay attention to or update an order, may not be sufficient to establish it as a Erroneous Transaction.
You agree and understand that if we determine a transaction to be a Erroneous Transaction, we may declare it null and void, in whole or in part, even if you and/or the other party do not agree to cancel or modify it. In determining whether a transaction is a Clearly Erroneous Transaction, we will consider the following:
• Suspicious trading activity;
• Violations of our Terms and Conditions;
• If there was an obvious error in any term, including, but not limited to, price, amount of Digital Assets, or other units of trading;
• If there was a disruption or malfunction in the operation of any trading system or component of our platform, service provider, or a Digital Asset network; or
• If there were extraordinary market conditions or other circumstances in which the nullification or modification of transactions may be necessary for the maintenance of a fair and orderly market.
Absent extraordinary circumstances, our management shall make a determination and take any action pursuant to this Erroneous Transaction Policy within 90 business days of a transaction. When extraordinary circumstances exist, Our management will make a determination and take any action pursuant to this Erroneous Transaction Policy within 90 Business Days of a transaction. If you are a party to any action taken, we will notify you via Written Notice as soon as practicable.