This "Lending Service Agreement" ("this Agreement") forms part of the "BRITT Terms of Use" ("Terms of Use"). Unless otherwise provided in this Agreement, the terms used in this Agreement shall have the meanings specified in the Terms of Use, and the provisions in the Terms of Use shall prevail for matters not expressly provided in this Agreement.
This agreement is a contract reached and concluded between BRITT operators and users regarding BRITT's provision of capital verification and currency borrowing services ("this service") to users and the collection of corresponding fees. By providing this service, BRITT solves users' holding and use needs for specific digital currencies and other digital assets, and requires users to provide corresponding digital asset guarantee amounts ("capital verification assets") as a prerequisite for BRITT to provide currency lending services. For convenience of reference, "we" will refer to
BRITT and BRITT Operator, "you" refers to the individual user who uses the Service and enters into this Agreement. Please read the entire content of this agreement carefully and only use this service after you have fully read, understood and agreed to all content. you use
Any service provided by the BRITT Capital Verification and Lending Platform constitutes your knowledge, understanding and agreement to all terms of this Agreement and the Terms of Use, including any modifications and updates we make to this Agreement at any time.
-risk warning:
Your use of this service will involve high transaction risks. To facilitate you to better understand the relevant risks, please read the following risk warnings carefully.
1.1 Digital assets themselves and transaction risks:
The digital asset market is a new and unconfirmed market. Currently, there are a large number of speculators using the digital asset market, and there are relatively few retail and commercial uses. Digital asset trading involves high risks. It is traded continuously throughout the day and there are no limits on the rise or fall. The price is easily affected by market makers, speculators and government policies and fluctuates significantly. You must understand and agree that investment and trading in digital assets may result in partial or total loss of your assets, so you should decide the use of digital assets and the amount of digital asset transactions based on the degree of loss you can bear, and bear the transaction independently any economic losses caused.
1.2 National laws and regulations/policy risks:
Due to the formulation or modification of relevant laws, regulations and policies of various countries, digital asset transactions may be suspended or prohibited in various countries at any time. You must understand and agree that all risks, losses or consequences resulting therefrom are solely borne by you.
1.3 Privacy risks:
In order to comply with global industry regulatory standards, local regulatory standards and government orders including anti-money laundering (AML), know-your-customer (KYC) and counter-terrorism financing (CTF), when governments or authorities of various countries produce corresponding investigation documents, When we cooperate with the investigation of your account information, assets or transaction data on our platform, we will provide your relevant information in accordance with the requirements of the government or competent authorities. Any privacy leaks or asset losses caused by this will be your responsibility independently. bear. You can consult our Privacy Statement for more detailed information.
1.4 Information and market risks:
Due to the newness and volatility of digital asset trading, if you have any questions before trading, we recommend that you seek guidance and assistance from professionals, but we do not directly provide you with any trading or investment advice. You must understand and agree that any assistance, information or investment advice you have or will receive from any third party has nothing to do with us, and all risks, losses or consequences resulting therefrom are solely borne by you.
1.5 Internet and technology risks:
We cannot guarantee that all information, data and programs contained in this service and related digital assets and capital verification assets will not be interfered with and destroyed by any malicious programs such as viruses or Trojan horses. At the same time, we cannot control the availability and stability of the network. There are inherent risks in using the Internet for transactions, including but not limited to delays or failures in software, hardware or Internet links, computer system failures and other possible force majeure factors, which may cause Delays, suspensions, interruptions or deviations in the performance of the Service. You must understand and agree that your logging in, using this service or downloading and using any downloaded information, data and programs, as well as capital verification digital assets, are your personal decisions. Server login, web page or application access or network transactions, digital assets The stability of asset custody, etc. is not under our control, and all risks, losses or consequences caused by the above are solely borne by you.
1.6 Risks of participating in currency borrowing services and currency locking services at the same time:
Users can use the BRITT capital verification and borrowing service through their BRITT account, or participate in the digital currency borrowed from BRITT
Coin locking service provided on the BRITT platform. Please note that participation and use of these services are all voluntary actions of the user.
You agree to bear all risks, liabilities, consequences and/or losses incurred by you and us due to your participation in and use of such services. Without affecting the foregoing provisions, you confirm that you are aware of and fully understand that participating in currency lending services and/or currency locking services involves huge risks, which may cause you to lose all digital currencies involved in the transaction and may require additional repayment.
We are not responsible for any losses suffered by the BRITT platform as a result, and we are not responsible for all such risks, losses, consequences and/or liabilities. if
If the BRITT platform suffers losses or is held liable due to the provision of this service and/or currency locking service, you agree and guarantee to compensate us for all such losses and bear all such liabilities solely, and allow us to take other measures that we deem necessary or Appropriate remedies (including but not limited to freezing and deducting your
digital assets in BRITT accounts and other accounts).
1.7 Force majeure risk:
Due to equipment or system maintenance, power failure, severe weather, epidemics, accidents, political activities, wars, government actions, orders of judicial or administrative agencies, actions beyond our control or beyond our control, or third-party reasons. All risks, losses or consequences caused by service suspension, delay or termination shall be borne solely by you.
1.8 Other risks:
1.8.1 You must understand and agree that we have the right to fully manage the BRITT account and capital verification assets you use to open this service during the period of providing this service, and we have the right (but not the obligation) to take forced liquidation under certain circumstances. Any economic losses caused by such measures shall be borne solely by you.
1.8.2 If, in our sole judgment, we believe that you have violated this Agreement, or that the Service or your use of the Service is illegal according to the laws and regulations of your jurisdiction, we have the right to suspend or terminate your use at any time. All risks, losses or consequences arising from this service or related digital asset transactions shall be borne solely by you.
1.9
You must understand and agree that your behavior of verifying capital and borrowing currency on our platform is your voluntary transaction. You should carefully consider and use clear judgment to evaluate your financial situation and the above-mentioned risks before making any use of this service. decision. The risk warning in this agreement cannot fully list all existing or potential risks in this service. We do not assume any responsibility for any other risks and adverse consequences that are not caused by our gross negligence.
2. Service Terms of Use
Your use of this service indicates that you have read and agreed to the following terms of service:
2.1.1
Verification: Before using this service, you must meet the qualifying user conditions stipulated in the Terms of Use, as well as our global or Regional standards or policies) otherwise require you to meet reasonable conditions and complete any verification processes we require. Information that may need to be provided includes but is not limited to your name, phone number, email account, proof of identity, other social media account numbers, proof of digital asset source, etc. In addition to providing this information, you agree to authorize us to query this information and your other related information directly or indirectly (through a third party) in order to verify the relevant content. This service may depend on information authorized by you, and you must ensure that the information you provide is accurate and true. When any changes occur to the information you provide, you must promptly update your information. Once we discover that the information you provide is wrong, untrue, inaccurate, incomplete or misleading, we have the right to notify you to correct or directly delete the incorrect information, and to suspend or terminate part of your or You must bear all the losses caused by this service.
2.1.2 Account establishment:
After initial verification and review, you will be able to start using the Service directly using your BRITT account. You are responsible for properly keeping your BRITT account number and password, and for any use of your BRITT account.
BRITT independently bears full legal responsibility for all activities and events arising from the account, except as otherwise provided in this Agreement.
2.1.3 Requirements for capital verification:
Without our consent or authorization, your BRITT capital verification can only be used by the account registrant, and you may not use it
The BRITT account is given to a third party for use by gifting, borrowing, renting, transferring or otherwise. We reserve the right to suspend, freeze or cancel the use of your account by persons other than the registrant.
BRITT Account Rights. If you suspect or become aware of any unauthorized use of your user name and password, you should notify us immediately. We are not responsible for any loss or damage caused by the use of your BRITT account by you or any third party (whether authorized by you or not).
2.1.4
account security:
We have been committed to maintaining the security of capital verification assets and have implemented industry-standard protection measures for this service. However, the actions of individual users create risks. You agree to treat your access credentials (such as username and password) as confidential information and not to disclose such information to any third party. You also agree that you are solely responsible for taking necessary security measures to protect your own
Security of BRITT accounts and personal information. If you obtain our consent to open a sub-account of your BRITT account and authorize a third party to operate such sub-account, you will be fully responsible for all operations and results of the third-party's sub-account.
2.1.5 Capital verification assets and currency borrowing requirements:
You promise to ensure that the source of your capital verification assets is legal and compliant when using this service, and that the purpose of your borrowed currency complies with the terms of use and relevant laws and regulations.
2.2 Borrowing currency and verifying asset payment
2.2.1 Please read carefully before using this service: "How to use the capital verification and borrowing service" and "
BRITT Capital Verification and Currency Loan Service and Frequently Asked Questions", understand and agree to the specific operating rules related to this service, including but not limited to the initial capital verification rate, margin verification rate, closing capital verification rate, borrowing interest rate, borrowing period, forced liquidation price, etc.
2.2.2 When you use this service, you should transfer a certain type and amount of capital verification assets to your BRITT account as capital verification; after confirming that the payment procedure is completed, we will lend you a certain type and amount of borrowed currency, which is regarded as This is done automatically for this lending service.
2.2.3 Unless otherwise provided in this Agreement or the Terms of Use, you are free to choose the period for each use of the currency lending service, but the maximum period shall not exceed [180]
day. You understand and agree that the longer the borrowing period, the higher the interest and related fees payable under this Agreement may be.
2.2.4 You agree that, unless otherwise agreed or exempted by us, you shall not withdraw funds from your BRITT account before you have completed the return of the borrowed currency and paid the corresponding interest, fees and/or other fees (if any) incurred for borrowing the currency. Withdraw any capital verification assets; but you can decide at your own discretion to
The BRITT account is supplemented with capital verification assets to reduce the risks of using this service (such as the risk of being liquidated).
2.3 Our rights
2.3.1 The right to charge interest and fees: According to the relevant rules published by us, we have the right to charge interest or/and related fees incurred when you use this service as consideration for your use of this service. You agree and promise to follow our The published requirements require payment of the foregoing interest and/or fees.
2.3.2 The right to implement risk control measures: During the currency borrowing process, when the price changes due to market fluctuations, based on the changes in the real-time capital verification rate, we reserve the right to implement risk control measures such as liquidation of capital verification assets when we unilaterally determine that a risk occurs. rights, you agree and unconditionally accept the final processing results.
For the purpose of this agreement, "liquidation" means that we arrange on our own to sell or discount the capital-verified assets at a certain price (including disposal through currency-to-crypto trading channels or legal currency trading channels), and lend digital currency principal, interest and other The value of the relevant fees that should be repaid is limited to the right to use the proceeds from the disposal of the capital verification assets for repayment. We will announce the details of position closing and other risk control measures in "How to use the capital verification borrowing service". During the maintenance of the BRITT system or at any time we deem appropriate, you agree that we are solely responsible for managing your capital verification assets when we unilaterally determine that a risk occurs, including but not limited to closing positions and repaying us the principal, interest and related fees of the borrowed currency. . If the risk control measures we take (such as closing positions) still fail to make up for all the losses we incurred in providing you with this service, we reserve the right to take other relief measures (including but not limited to freezing and deducting your money).
digital assets in BRITT accounts and other accounts) and the right to pursue further legal liability against you.
2.3.3 The right to issue notices: You understand and agree that during your use of this service, under certain circumstances (including but not limited to when there are risks we identify), we have the right but not the obligation to notify you by text message or email. We will send you various notifications (such as early warning notifications and liquidation notifications) through client messages or other methods.
2.4 Suspension or termination of this service.
We reserve the right to suspend or terminate the currency lending services to you at any time when we deem it necessary or reasonable. You agree that, to the maximum extent permitted by law, we shall not assume any form of legal liability to you as a result.
Three others
We will adjust this Agreement and related BRITT business rules from time to time in accordance with applicable laws and regulations, or when we deem necessary or reasonable. You should review this Agreement and related
BRITT Business Rules and pay attention to their revisions. If you do not agree with the revised content, you should immediately stop using this service, repay the borrowed digital currency, and pay the unpaid interest and fees. In an updated version of this Agreement and related BRITT Business Rules