CoinEx Staking Terms of Service

Customer Specialist Team
Updated

By using CoinEx Staking Product, you acknowledge that you have read, understood and accepted all of the terms and conditions in this CoinEx Staking Terms & Conditions (this “T&C”) and the Documents (as defined below), and you acknowledge and agree that you will be bound by and will comply with the terms contained in this T&C and in the Documents. If you do not accept this T&C or the Documents in its entirety, you should immediately stop using any service provided by CoinEx, including CoinEx Staking Products.

The terms and conditions in this T&C are supplementary to CoinEx Terms of Service, Privacy Policy, Disclaimer, each of the Staking Products particulars, FAQ, terms, and/or any Agreements, terms, policy or related trading services as may be published by CoinEx from time to time (collectively, the “Documents”).

For the avoidance of doubt, the T&C and the Documents may be revised and amended from time to time. By using any services provided by CoinEx, you agree to accept all of the terms in all updated versions of this T&C and the Documents. You are strongly advised to read all the terms in this T&C and in the Documents prior to using any services of CoinEx.

 

1. Staking Products

CoinEx Staking products is a product and service that:

  • Provides you with a channel in which you are able to participate in decentralized finance (Defi) projects.
  • CoinEx may receive rewards and/or compensations from Defi protocol and/or projects and redistribute to you.
  • CoinEx will reasonably allocate and deliver the users interest income arising from Staking Products according to the platform's rules.
  • In consideration of providing you with the services in the Defi products and services, CoinEx may charge Fees and a margin accordingly.

By using CoinEx Staking Products, you hereby agree and acknowledge that:

  • CoinEx has the authority to put your intended staked assets into smart contracts owned by relevant blockchain networks or protocols.
  • Once CoinEx has put your intended staked assets in the relevant blockchain network or protocol, it will no longer be held with CoinEx, and CoinEx may have little or no control over those assets.
  • Once it is staked, CoinEx may not have the legal or regulatory obligation to you over the staked assets.
  • In any event if you have any claims to recover the staked assets, you agree that you shall directly claim against the relevant blockchain networks or protocol, of which CoinEx shall have no responsibility or obligation towards you or your staked assets.

By using CoinEx Staking Products, you will be prompted to agree with the following terms as indicated by CoinEx:

  • a. the staking period;
  • b. the relevant blockchain networks or protocol;
  • c. the staked assets;
  • d. the estimated rewards;
  • e. the estimated reward calculation frequency;
  • f. whether you can Early Redeem;
  • g. the reward type of tokens;
  • h. the settlement timeline; and/or
  • i. other terms or particulars as stipulated under each of the staking products description on the CoinEx website.

For the avoidance of doubt,

  • The estimated rewards shall be accrued and calculated on the basis of the number of days elapsed and a 365-day year, and that you do not earn any rewards for the first day that you subscript the staking product.
  • The estimated rewards shall be published on the CoinEx website in respect of each of the staking products, and the rewards may change from time to time.
  • The estimated rewards shall be subject to a fee and a margin to be received by CoinEx.
  • CoinEx does not guarantee that you will receive any rewards at the estimated rewards shown at the time you subscribe. Any representation concerning possible return at the time you subscribe (i) is an estimate only and not guaranteed, (ii) is based on the relevant blockchain network and protocol rate, which may change substantially from time to time, and (iii) may be more or less than the rewards as shown on the relevant blockchain network and protocol website and/or other websites.

 

2. Risks & Liabilities

When using CoinEx Staking Product, you must be fully aware of the risks associated with digital asset investments and proceed with caution. You agree that all investments on CoinEx reflect your true investment intent, and you unconditionally accept the potential risks and gains of your investment decisions. 

In addition to the risks as identified in the Documents, you may also expose to the following risks and liabilities for using the CoinEx Staking Products:

  • The Digital Assets you subscribed may be lost because, among other things: (a) the smart contract of the relevant blockchain network and protocol may be exploited, hacked, poor economic models suffered from any type of cyber security risk; (b) the relevant blockchain network and protocol may suspend, discontinue, and terminate its business, closes down, suspends, or stops operating; (c) the price fluctuation of the tokens of the relevant blockchain network and protocol may be extremely volatile and the estimated rewards shall be substantially affected by such price volitation.
  • Your staked assets are directly put into the relevant blockchain network and protocol which is not owned by CoinEx or controlled by CoinEx, and that CoinEx could not guarantee the safe deposit of such staked assets or the estimated reward.
  • There are inherent risks of the relevant blockchain network and protocol, including, but not limited to, the rules of the smart contract, the protocol, and the use of your staked assets.
  • In no event CoinEx, or any affiliated of CoinEx or CoinEx staking product operators is responsible or liable to you or any other person or entity for any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising out of or in connection with any risk identified above. This limitation of liability is in addition to the limitation of liability contained in the Documents.

 

3. CoinEx’s Rights and Power

By using CoinEx Staking Product, you agree that CoinEx will reasonably allocate and deliver interest income according to CoinEx discretion.

CoinEx reserves the right to temporarily pause or terminate the CoinEx Staking Product, and may suspend or end the service in its entirety as necessary without reason or notice.

CoinEx may stop, suspend or cancel your access to all CoinEx services or CoinEx’s platform, impose limits to your CoinEx accounts, suspend or cancel your ability to participate in CoinEx Staking Products, or delay certain transactions in the following circumstances:

  • You do not provide additional information to verify your identity or source of funds as requested by CoinEx.
  • You do not comply with the laws of your country or that your asset sources are questionable to meet CoinEx’s legal and compliance standards.
  • CoinEx is required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws).
  • CoinEx is required to do so to comply with any direction or instruction from a government body or agency.
  • CoinEx reasonably determines that any information you have provided to us is wrong, untruthful, outdated or incomplete.
  • You do not provide additional information that we request to our reasonable satisfaction or in a timely manner.
  • CoinEx has reasons to believe that you may violate any laws, rules and regulations in any Applicable Laws.

CoinEx Staking Products may encounter delays, suspensions, terminations, or deviations due to network latency, computer system failures, or other possible force majeure. While CoinEx will strive to maintain stable and effective service operations, no guarantees are made, CoinEx will not be held responsible for any unintended consequences resulting from the above.

CoinEx reserves the right to modify this Agreement from time to time and will disclose such modifications through website announcements. No additional notice will be provided. If you continue to use the CoinEx Staking Product, you will be deemed to have accepted and agreed to the modified terms.


4. General Terms

  • All terms and references used in this T&C shall have the same meaning and construction in the Documents, unless otherwise defined in this T&C.
  • This T&C are to be read together with the Documents. In the event of any conflict or inconsistency between this T&C and the Documents, the order of precedence in which the documents are to be read is first this T&C, and then the Documents.
  • In the event of any conflict or inconsistency between this T&C and the particulars of each of the staking products description, the particulars of each of the staking products description shall prevail.
  • This T&C may be available in various language versions. In case of any inconsistency, the English version shall prevail.
Disclaimer: The content provided on this website is for informational purposes only and does not constitute investment advice. The information provided is not intended to be a substitute for professional financial advice, consultation, or recommendations. Users are encouraged to consult with a qualified financial advisor before making any investment decisions. The website owners and authors do not assume any liability for any loss or damage that may result from reliance on the information provided. All investments carry risk, and past performance is not indicative of future results.