Blynex Terms and Conditions

1. Introduction

These Terms and Conditions ("Terms") govern your use of the Blynex Group LTD ("Blynex") platform and its services, which include, but are not limited to Spot, Stock and Futures trading, Staking, Loan services, Escrow system, CashBack program, BX Spinner, BX Work, BX token. By accessing or using the Blynex platform, you agree to be bound by these Terms, forming a legally binding agreement between you and Blynex ("Agreement").

You must carefully review and decide whether to accept these Terms. If you do not agree with any part of this Agreement or with Blynex’s right to amend it at any time, you must immediately discontinue your use of the platform. Continued use of the platform signifies your full acceptance of these Terms, including any future updates or modifications.

For clarity, "Blynex" or "we" refers to the platform, and "you" refers to users and visitors. Together, both parties are referred to as "we" and "you" or individually as "one party" in these Terms.

2. Eligibility

To use Blynex services, you must be at least 18 years old and comply with all applicable laws in your jurisdiction. Blynex reserves the right to refuse services to any individual or entity that does not meet our eligibility requirements.

3. Account Registration

By registering or using Blynex's services, you confirm that you possess the legal capacity as a natural person, legal entity or organization to enter into this Agreement and utilize the platform's services. You agree to provide accurate and complete information, including a valid email, mobile phone number and any other necessary details. Your registration information must be kept up to date and you are responsible for any consequences, direct or indirect, resulting from inaccuracies.

You are responsible for maintaining the confidentiality of your account credentials and any activities that occur under your account. If the laws in your region require real-name mobile phone registration, you must ensure that the phone number provided meets those requirements.

Upon successfully completing the registration process and verification, you will receive an account and password, giving you access to the platform. If required to register as a verified merchant, you must provide additional information and may need to lock a portion of your digital assets as a security deposit. This deposit may be used to cover damages or losses if you fail to meet your obligations as a merchant. Upon verified merchant status, you will receive a distinct merchant logo.

If you wish to cancel your verified merchant status, you can submit an application to Blynex. The platform will process the request within three business days, provided no outstanding disputes or adverse records exist. Upon approval, your security deposit will be unlocked.

4. Services and Rules

Blynex operates as an online platform facilitating a variety of digital asset trading and financial services. We do not engage in transactions as a buyer or seller, nor do we offer services for depositing or withdrawing fiat currency from any country.

As a user, you are entitled to access the following services:

Staking: Stake your digital assets and earn rewards based on your holdings. Note that your staked assets may be locked for a specified period. Rewards are dependent on the performance of Blynex's staking pools and may fluctuate. Early withdrawal of staked assets may result in penalties such as reduced rewards or fees.
Launchpad: Participate in new digital asset offerings and token sales through the Blynex Launchpad.
Loan Services: Access digital asset-backed loans by using your crypto assets as collateral. The loan terms, including loan-to-value (LTV) ratio, interest rates, and repayment periods, will depend on the type of collateral used. Failure to maintain the required collateral levels may result in the liquidation of your assets. Blynex reserves the right to adjust loan terms based on prevailing market conditions.
Cashback program: Earn cashback rewards on eligible transactions conducted on the platform.
Escrow system: Use our escrow service to secure transactions and ensure safe exchanges between parties.
Spot Trading: Engage in real-time buying and selling of digital assets on the spot market.
Stock Trading: Trade traditional stocks alongside digital assets, all within the Blynex platform.
Futures Trading: Participate in futures contracts, allowing you to trade assets at a predetermined price at a future date.
Margin Trading: Amplify your trading positions by borrowing funds to trade with leverage, increasing potential returns.

In addition to these services, you have the right to view your account details, participate in platform activities and utilize all available functions provided by Blynex.

Service Rules:

Compliance with Laws: You must adhere to all applicable laws and ensure that the digital assets in your account are legally sourced. Engaging in illegal activities, such as fraudulent schemes or other harmful actions, is strictly prohibited.
Account Security: You are responsible for securing your account credentials, including passwords and mobile verification codes. Any activity conducted under your account is your responsibility. If you detect unauthorized access or other security issues, you must promptly notify Blynex.
Prohibited Account Transfer: Transferring or sharing your account with others without explicit consent from Blynex is forbidden.
Transaction Integrity: You must not interfere with the normal operation of the platform, disrupt trading activities or spread false information that could harm Blynex's reputation.
Dispute Resolution: In the event of a dispute with another user, you must seek resolution through legal or governmental channels and not rely on Blynex for intervention.
Taxes and Fees: You are responsible for any applicable taxes or fees associated with using the platform's services.
Agreement Compliance: You agree to comply with these Terms and any future updates posted by Blynex. You may terminate your use of the platform’s services at any time.

By using Blynex's services, including Staking, Launchpad, Loans, Cashback, Escrow, Spot Trading, Stock Trading, Futures Trading, and Margin Trading, you acknowledge your understanding and acceptance of these Terms, including any future modifications.

5. Transactions

When engaging in transactions on this Platform, it is crucial that you carefully review all transaction information provided, including details such as price, consignment, handling fees and buying or selling directions. You must fully accept all terms outlined in the transaction information before proceeding by clicking the designated button.

Once you have reviewed and verified the transaction details, you may submit your transaction commission. By doing so, you authorize this Platform to act as your broker for the corresponding transactions. The Platform will automatically execute the matchmaking process when a transaction proposal matches your price quotation, without providing prior notice.

You have the ability to review your transaction records in the Management Center, where you can confirm your detailed transaction history. Additionally, you retain the right to revoke or modify your transaction commission at any time before the transaction is finalized.

6. Fees

Blynex applies fees for a range of services, including but not limited to, Spot Trading, Stock Trading, Futures Trading, Loan Services, Withdrawals and Escrow Services. The details of these fees are outlined as follows:

Spot Trading Fees: Fees are applied to trades executed on the spot market. These fees may vary based on the trading volume and market conditions.
Stock Trading Fees: Fees are incurred for buying and selling traditional stocks on the platform. These fees are determined by the specific stock and trading activity.
Futures Trading Fees: Fees are charged for entering and exiting futures contracts. These fees depend on the contract specifications and trading volume.
Loan Fees: When utilizing loan services, fees are applied based on the loan amount, interest rates, and the duration of the loan.
Withdrawal Fees: Fees are charged for withdrawing funds or digital assets from your account to an external wallet or bank account. These fees vary depending on the type of asset and the withdrawal method.
Escrow Fees: Fees are applicable when using the escrow service to facilitate secure transactions between parties.

The applicable fees for each service are displayed on the platform and are subject to change at any time without prior notice. It is your responsibility to review and understand the fees associated with each service before proceeding with any transactions.

7. Rights of this Platform

If you do not meet the registration qualifications outlined in this Agreement, Blynex reserves the right to deny your registration. If you are already registered, Blynex may revoke your account and hold you or your authorized representative accountable. Blynex also retains the discretion to evaluate and decide on your registration application under any other circumstances.

In cases where Blynex determines that the user of an account is not the original registrant, Blynex reserves the right to suspend or terminate access to that account.

If Blynex suspects, through technical testing, manual sampling, or other methods, that the information you provided is incorrect, false, invalid or incomplete, Blynex reserves the right to request that you correct or update your information. Blynex may also suspend or terminate its services to you if necessary.

Blynex has the authority to correct any inaccuracies in the information displayed on the platform and reserves the right to amend, suspend, or terminate any services provided. Such changes may occur without prior notice and any service terminations will be effective as of the date of the announcement on the platform.

Blynex is committed to ensuring a reliable trading environment and will employ necessary technical and management measures to maintain the smooth operation of the platform. However, if you do not log in using your member account number and password for a continuous period of one year, Blynex reserves the right to revoke your account and may offer the associated member name to other applicants.

Blynex is dedicated to enhancing the security of your digital assets through advanced technical measures and improved security protocols. We will notify you in advance of any foreseeable security risks related to your account.

Blynex reserves the right to delete any content or information that does not comply with applicable laws, regulations, or platform rules. This action may be taken without prior notice to you.

In accordance with applicable laws, administrative regulations and other relevant regulatory documents in your region, Blynex may request additional information or data from you and may take reasonable measures to adhere to local standards. You are obligated to assist with such measures and Blynex retains the right to suspend or permanently terminate your access to the platform or any of its services as needed.

8. Compliance with Laws

Users are required to adhere to all applicable laws and regulations relevant to their jurisdiction. This includes, but is not limited to:

Legal Compliance: You must ensure that all activities conducted through your Blynex account, including trading and transactions, comply with local, state, and national laws. This encompasses laws related to digital assets, financial transactions, anti-money laundering (AML), combating the financing of terrorism (CFT) and any other regulations that may apply to your activities.
Tax Obligations: Users are responsible for fulfilling all tax obligations arising from their use of Blynex services. This includes accurately reporting and paying taxes on any income, gains, or transactions related to digital assets, as required by local tax authorities. Blynex does not provide tax advice and it is your responsibility to consult with a tax professional to ensure compliance with tax regulations.
Anti-Money Laundering (AML) and Know Your Customer (KYC): You must comply with Blynex's AML and KYC procedures. This includes providing accurate and complete information during the registration process and upon request for identity verification. Blynex reserves the right to request additional documentation to verify your identity and source of funds.
Prohibition of Illegal Activities: Engaging in or facilitating illegal activities through your Blynex account is strictly prohibited. This includes, but is not limited to, the use of the platform for money laundering, fraud, financing of illegal activities or any other unlawful purposes.
Regulatory Compliance: You must comply with any specific regulations that apply to digital asset transactions in your jurisdiction. This includes adhering to rules set forth by financial regulatory bodies, securities commissions, and other relevant authorities.

Blynex reserves the right to suspend or terminate accounts that are found to be in violation of these legal and regulatory requirements. If Blynex detects or suspects any illegal activities, we may take necessary actions including, but not limited to, freezing or closing your account, reporting activities to relevant authorities, and cooperating with law enforcement agencies as required.

9. Disclaimers and Limitation of Liability

Blynex provides its services on an "as is" and "as available" basis. While we make efforts to ensure the accuracy of the information on our platform, we do not guarantee the correctness, completeness or reliability of any data. Blynex shall not be liable for any losses incurred from the use of our services, including but not limited to trading losses, loss of data or service interruptions.

You acknowledge and agree that under no circumstances will Blynex be liable for:

Loss of Income: Any loss of income or profits.
Loss of Transaction Profits: Loss of profits or contractual losses from transactions.
Business Disruption: Disruption or cessation of business operations.
Loss of Expected Gains: Loss of anticipated currency gains.
Loss of Information: Loss of information or data.
Loss of Opportunity: Loss of opportunities, goodwill or reputation.
Data Damage: Damage or loss of data.
Alternative Costs: Costs incurred from purchasing alternative products or services.
Indirect or Special Damages: Any indirect, special, incidental, or consequential damages arising from infringement (including negligence), breach of contract or other causes, regardless of foreseeability or prior notice.

These limitations of liability are independent of each other.

Blynex shall not be liable for damages resulting from:

Legal Violations: Transactions that involve serious violations of laws or agreements.
Illegal or Immoral Conduct: Suspected illegal or immoral conduct on the platform.
Purchase-Related Expenses: Expenses and losses arising from the acquisition of data or transactions through the platform.
Misunderstanding Services: Misunderstanding of the platform’s services.
Unrelated Losses: Any other losses related to services provided by the platform that are beyond our control.

Blynex will not be responsible for failures or delays in providing services due to factors such as network maintenance, connectivity issues, system errors, power failures, natural disasters, industrial actions or other events beyond our control.

We cannot ensure that the platform and its content are free from malicious software or viruses. Your decision to use the platform and download any data or programs is made at your own risk.

Blynex does not provide warranties for third-party platforms linked to our services. Your use of third-party services is at your own risk and you bear all responsibilities arising from such use.

We do not guarantee the accuracy, reliability or suitability of the information and technology provided through our services. The digital asset market is volatile and you assume all risks associated with fluctuations in asset prices and values.

The guarantees and commitments outlined in this Agreement are the only assurances made by Blynex concerning the services provided. They replace any other warranties or commitments, whether written or verbal, express or implied.

Blynex reserves the right to limit, exempt or offset liability to the fullest extent permitted by applicable law. By registering an account with Blynex, you consent to all operations conducted according to this Agreement and assume all associated risks.

10. Termination of Agreement

Blynex reserves the right to terminate your account at any time, which will result in the immediate cancellation of this Agreement as of the account cancellation date. Additionally, Blynex may terminate all services provided to you, leading to the termination of this Agreement as of the service termination date.

Upon termination of this Agreement, you relinquish any right to request that Blynex continue providing services, fulfill any obligations, or retain or disclose any information related to your former account. This includes, but is not limited to, requests for the retention or forwarding of any unread or unsent information to you or any third party.

Termination of this Agreement does not absolve the responsible party from addressing any outstanding liabilities or claims related to breaches of the Agreement.

11. Amendments

Blynex may update these Terms at any time, with changes taking effect immediately upon publication. It is your responsibility to review the Terms regularly. Continued use of our services signifies acceptance of any modifications. If you disagree, you must stop using the platform.

Please note:

Digital assets are not issued by financial institutions or corporations.
The digital asset market is new and speculative, with no guarantee of growth.
Digital assets have limited retail and commercial use and involve high risks, including significant price fluctuations and potential market volatility.
We may suspend or terminate your account or transactions for reasons such as violations of this Agreement, extreme market volatility, suspected fraud, or compromised accounts.

You are responsible for assessing your financial position and the risks before engaging in digital asset transactions. We are not liable for any losses incurred.

Our platform provides information and facilitates transactions but does not validate the authenticity or legality of digital assets. Any opinions or content are general market reviews and do not constitute investment advice. We are not liable for any losses arising from reliance on this information or internet issues.

Blynex is the only official source for information related to our platform. Illegal activities, including money laundering or bribery, are strictly prohibited and will result in account suspension and notification to authorities. Market manipulation or illicit trading activities are also prohibited, and we reserve the right to take action, including account restrictions or closures. We are not liable for consequences resulting from such activities.

12. Governing Law

These Terms and any disputes arising out of or related to the use of Blynex shall be governed by the laws of the jurisdiction in which Blynex operates, without regard to its conflict of laws principles.