Terms of Use

Terms of Use

These Terms of Use (together with our Privacy Policy incorporated herein by reference, the “Agreement”) represent a legal agreement between you (hereafter “User”) and MONGOCOIN Inc. a British Columbia corporation (hereafter “MONGOCOIN”, Mongo, or “We”). Accessing the website mongocoin.io (the “Site”), and purchasing tokens means you agree to comply with and be legally bound by this Agreement. Note that you may not purchase or receive MONGOCOIN or Reward Tokens without agreeing to these terms. If you do not agree to these terms, do not access our Site further. This Site and Service is not intended for minors (persons under 18  or under the age of majority in your jurisdiction). MONGOCOIN will not knowingly provide service to minors and if you are minor, do not use the Site.

Note that this document is not a solicitation for investment and does not pertain to the offer or purchase of securities in any way in any jurisdiction.

DO NOT PURCHASE MONGOCOIN IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING MONGOCOIN, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE MONGOCOIN.

Overview

MONGOCOIN is an online blockchain technology-based cryptocurrency, advertising and marketing platform. We provide tokens and rewards that enable retailers to drive consumers to their business and incentivize Users to conduct purchases and redeem rewards within our application, physical locations, and website.

MONGOCOIN only provides marketing, advertising, rewards, and utility tokens as Services at this time. Users may participate by purchasing MONGOCOIN using crypto and/or fiat currencies, receiving Reward Tokens from retailers and advertisers, or exchanging between MONGOCOIN and Reward Tokens. Note that neither MONGOCOIN nor the reward token are backed by any asset (physical, financial, or otherwise). Additionally, MONGOCOIN is not intended or offered as an investment, nor as participation in a common enterprise. Users of MONGOCOIN are cautioned that cryptocurrencies bear unique risks and there should be no expectation of profit from participation in and use of MONGOCOIN or reward tokens.

Privacy and Consent

Users must provide certain information to register for and use the Services, some of this information is personally identifying information (PII) and is stored confidentially and securely by MONGOCOIN. Note that by registering for, accessing, and using the MONGOCOIN platform and service you consent to the use of your personal information for the purposes of providing you a service.

MONGOCOIN will not share or sell your information to any third party without your consent at any time. MONGOCOIN may use this information to evaluate your eligibility for the service and may contact you via SMS, email, or within our applications to advise you of rewards and incentives that you qualify for by being a member.

Eligibility to Use the Site

You may view the  Site without registering, however certain aspects of the Service including obtaining and trading MONGOCOIN or Reward tokens, require a User to register an account. This process includes providing certain information. When creating an account/registering for the service, you represent and warrant that:

(a) information submitted by you is truthful, current, complete and accurate;

(b) use of the Service does not violate applicable law or regulation in your jurisdiction

(c) you are at least 18 years of age (or age of majority in your jurisdiction)

MONGOCOIN reserves the right to terminate your account, and your use of the Site at any time, for any reason at our sole and absolute discretion.

Intellectual Property

The Site may contain trademarks, service marks, domain names and intellectual property owned by MONGOCOIN or related companies. The use of our intellectual property is strictly prohibited, unless we have granted our prior written consent.

You agree to abide by all copyright notices, information, or restrictions contained in or attached to any of the Content.

License Grant

Under these Terms we grant the User a non-exclusive, non-transferable, non-sublicensable and wholly revocable license to use the Service subject to your eligibility and your continued compliance with this Agreement. MONGOCOIN is not responsible to ensure, and disclaim any responsibility for, your ability to open, use or view the Services we provide. We reserve all rights not granted in this Agreement.

Prohibited Activities

By accessing and using the Site, you represent and warrant that you will not use the Site and the Service for any unlawful or prohibited purpose regardless of jurisdiction. MONGOCOIN will not knowingly facilitate the contravention of any law by a User. You may not attempt, through any means, to gain unauthorized access to any part of the Site or the Service, other User accounts, computer system or network connected to our server. MONGOCOIN reserves the right, in its sole and absolute discretion, to monitor any and all use of the Site.

Acknowledgements

You agree and understand that by using MONGOCOIN some details of your activity will be visible on the blockchain. You release MONGOCOIN from any claims related to the sharing of your activity on the Site, including transaction activity. You acknowledge that MONGOCOIN has no control over, and no duty to take any action regarding: which persons gain access to your information as displayed on the blockchain; how they use such information and what effects this may have on you.

Password and Account Security

You are solely responsible for maintaining the confidentiality of your password, account credentials and private keys associated with your account. Accordingly, you understand and agree that you are solely responsible for any and all activities that occur under your account.

You agree to

(a) immediately notify us at [email protected] of any known or suspected unauthorized use of account or any other breach of security, and

(b) ensure that you log off and exit from your account at the end of each session when accessing the Services. MONGOCOIN will not be liable for any loss or damage arising from your failure to comply with this section.

(c) assume sole responsibility for actions conducted on your account and not attempt to hold MONGOCOIN liable for any transactions or activity undertaken by third parties through no fault to MONGOCOIN

External Links

This Agreement applies only to the Site and the Services. In using the Services, you may be exposed to content and information, from other users or third parties (“Third-Party Content”), within the application, via SMS/in app notifications, either at the Site or through links to third-party websites or mobile applications. Because we do not review, monitor, operate or control any such Third-Party Content, you acknowledge and agree that we are not responsible for the availability of such websites or mobile applications and do not endorse and are not responsible or liable, directly or indirectly, for any content, advertising, products, services or other materials on or available from such websites or mobile applications. You acknowledge and agree that use of such links is entirely at your own risk. We may discontinue links to any other website or mobile applications at any time and for any reason.

Disclaimer of Warranties

ALL INFORMATION AVAILABLE AT OUR SITE IS PROVIDED ON “AS IS,” “WITH ALL FAULTS” AND “AS AVAILABLE” BASIS AND, TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, MONGOCOIN DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT OR NON-INFRINGEMENT, AND OTHER WARRANTIES. YOU EXPRESSLY AGREE THAT YOUR USE OF OUR SITE AND THE SERVICES IS AT YOUR SOLE RISK. WE DO NOT WARRANT THAT THE SERVICES YOU OBTAIN THROUGH OUR SITE WILL MEET YOUR EXPECTATIONS AND REQUIREMENTS, BE UNINTERRUPTED OR ERROR-FREE, WILL BE AVAILABLE FOR USE, WILL BE OF A CERTAIN QUALITY, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVER ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE SITE OR THE TECHNOLOGY THAT MAKES IT AVAILABLE, ARE IMMUNE TO HACKER ACTIVITY, ELECTRONIC OR NON-ELECTRONIC TAMPERING, COMPUTER CRIME OR THEFT. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE SITE AND SERVICES IN TERMS OF THEIR CORRECTNESS, ACCURACY, RELIABILITY, TIMELINESS, COMPLETENESS, CURRENTNESS, OR OTHERWISE. YOU (AND NOT WE) ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR, OR CORRECTION.

Some jurisdictions do not allow the exclusion of certain warranties. Accordingly, some of the above exclusions may not apply to you.

Limitation of Liability

IN NO EVENT SHALL MONGOCOIN (FOR PURPOSES OF THIS SECTION, OR “WE” INCLUDES MONGOCOIN’S EQUITY HOLDERS, OFFICERS, DIRECTORS, EMPLOYEES, CONSULTANTS, AGENTS, SUCCESSORS, REPRESENTATIVES OR AFFILIATES) BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF THE SITE OR THE SERVICES OR WITH THE DELAY OR INABILITY TO USE THE SITE OR THE SERVICES, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE AND THE SERVICES, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS APPLIES, WITHOUT LIMITATION, TO ANY DAMAGES OR INJURY ARISING FROM ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION OF INFORMATION THROUGH THE SITE, INJURY TO PERSONAL PROPERTY, BODILY INJURY OR EMOTIONAL DISTRESS, COMPUTER VIRUS, FILE CORRUPTION, COMMUNICATION-LINE FAILURE, NETWORK OR SYSTEM OUTAGE, OR THEFT, DESTRUCTION, UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF ANY RECORD. YOU SPECIFICALLY AGREE THAT WE WILL NOT BE LIABLE FOR ANY DEFAMATORY, OFFENSIVE OR ILLEGAL CONDUCT OF ANY USER OF THE SITE OR THE SERVICES. IN NO EVENT WILL OUR TOTAL LIABILITY TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES, LOSSES, AND CAUSES OF ACTION RESULTING FROM YOUR USE OF THE SITE OR THE SERVICES, WHETHER IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, EXCEED THE AMOUNT OF ETH 0.01.

Applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages, so the above limitation or exclusion may not apply to you.

Indemnification

You agree to defend, indemnify and hold harmless MONGOCOIN, our subsidiaries and affiliated companies, and their officers, employees, directors, contractors and agents, from and against any and all claims, causes of actions, suits or proceedings, as well as any and all losses, liabilities, damages, costs and expenses (including attorneys’ fees) and all amounts paid in settlement arising out of, connected with, or accruing from  your access to or/and use of the Site, the Services or the Content; your violation of this Agreement, or your violation of any applicable law. MONGOCOIN may assume the exclusive defense and control of any matter for which you have agreed to indemnify MONGOCOIN and you agree to assist and cooperate with MONGOCOIN in the defense or settlement of any such matters.

English Language

In the event of a conflict between these Terms and a foreign language version of our Terms of Use, the English language version of these Terms govern. All disputes, claims and causes of action (and related proceedings) will be communicated in English.

International Use

We do not represent or warrant that the Site, or any part thereof, is appropriate or available for use in any particular jurisdiction. Those who choose to access the Site do so on their own initiative and at their own risk, and are responsible for complying with all local laws, rules and regulations, including laws regulating the export of data. We may limit the availability of the Site, in whole or in part, to any person, geographic area or jurisdiction that we choose, at any time and in our sole discretion. Accessing the Site is prohibited from territories where the Site’s Content is illegal.

You represent and warrant that you are in compliance with all laws, restrictions and regulations administered by governments and regulatory bodies in your jurisdiction You represent and warrant that you are not a Politically Exposed Person, sanctioned party, or otherwise subject to any economic sanctions or exclusions from service.

Cooperation with Authorities and Police Enforcement

We will cooperate with law enforcement authorities as required by law. We will cooperate with law enforcement agencies in any investigation of alleged illegal activity regarding the use of the Service when requested. Disclosure of any information to law enforcement must be preceded by a formal production order to [email protected]

Modifications and Updates

We may occasionally modify the Terms of Use, Privacy Policy or any portion of the site and service at our discretion. All changes will be effective upon posting to the Site. You can determine when the Terms of Use or the Privacy Policy were last revised by referring to the “Last Updated” legend at the top of the page. You agree to be bound by any such changes if you continue to use the Site after such changes have been posted. We may change, restrict access to, suspend or discontinue the Site, or any portion of the Site, at any time.

Right to Discontinue Services; Termination

MONGOCOIN may, in our sole discretion and without liability to you or to any third party, with or without cause, with or without notice, suspend or discontinue, temporarily or permanently, the Site, the and the Services (or any part thereof) and/or deactivate or cancel your MONGOCOIN account. You may also cancel your MONGOCOIN account at any time by sending us an email at [email protected]. Termination may result in the forfeiture and destruction of all information and balances associated with your account. You may close your account at any time by following the instructions on the Site and in the application, but we may retain your account information after you terminate in accordance with our regulatory, accounting, and legal compliance procedures. If you wish to have your information deleted permanently please contact [email protected] YOU AGREE THAT WE WILL NOT BE LIABLE TO YOU OR ANY OTHER PARTY FOR TERMINATION OF YOUR ACCESS TO THE SITE OR THE SERVICES. All provisions of this Agreement that by their nature should survive termination shall survive termination, including, without limitation, warranty disclaimers, indemnity and limitations of liability.

Copyright Notice Policy

MONGOCOIN respects copyright law and expects its Users to do the same.

No Legal Advice
Nothing contained in this Agreement or the Service constitutes legal advice. If you have any questions regarding your legal rights and legal obligations, you should consult with your attorney.

Notification Procedures
You agree that MONGOCOIN may provide notifications to you via email, hard copy notice, SMS, email, within the application or through posting on our Site.

Ownership

Owning MONGOCOIN or Reward tokens does not in any way grant their holder any ownership or right to property in MONGOCOIN or the platform or that of any other related company. MONGOCOIN and Rewards tokens do not grant the User any right to participate in decision making or any direction of business development related to the MONGOCOIN platform.

No guarantees of income or profit

There is no guarantee that MONGOCOIN or Reward tokens will grow in value. If MONGOCOIN does increase in value, there are no guarantees that the rate of coins will not decrease, including significantly, due to some unforeseen events, or events over which the developers have no control, or because of force majeure circumstances.

Risks associated with Ethereum and EOS

Some MONGOCOIN tokens may be issued on the Ethereum or EOS blockchain(s). Therefore, any failure or malfunctioning of the Ethereum or EOS protocol(s) may lead to the trading network of MONGOCOIN tokens working unexpectedly.

Regulatory uncertainty

Blockchain technologies and crypto currencies are subject to supervision and control by various regulatory bodies around the world. MONGOCOIN tokens may fall under one or more requests or actions on their part, including but not limited to restrictions imposed on digital tokens such as MONGOCOIN, which may impede or limit the functionality, exchange and sale of MONGOCOIN tokens in the future.

By sending cryptocurrency or fiat currency to purchase MONGOCOIN tokens from us, you represent and warrant that:

  1. Your purchase of MONGOCOIN or Rewards tokens complies with applicable laws and regulations in your jurisdiction, including, but not limited to,
  2. legal capacity and any other threshold requirements in your jurisdiction for the purchase of the MONGOCOIN tokens and entering into contracts with the MONGOCOIN,
  3. any foreign exchange or regulatory restrictions applicable to such purchase, and
  4. any governmental or other consents that may need to be obtained;
  5. (b) You will comply with any applicable tax obligations in your jurisdiction arising from your purchase of MONGOCOIN tokens; and
  6. (c) You are not a citizen or resident of a geographic area in which acceptance of delivery of the MONGOCOIN tokens is prohibited by applicable law, decree, regulation, treaty, or administrative act.

The regulatory status of the MONGOCOIN tokens and distributed ledger technology is unclear in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the MONGOCOIN or Reward tokens. Regulatory actions could negatively impact the MONGOCOIN tokens and cryptocurrencies in general in a number of ways, including, a determination that the purchase, sale and delivery of any cryptocurrency is an unlawful activity or that the MONGOCOIN tokens are a regulated instrument that require specific licensing and/or registration by MONGOCOIN, Users or both. MONGOCOIN may cease operations in any jurisdiction for any reason at any time at our sole discretion.

MONGOCOIN and Rewards tokens are not an investment

MONGOCOIN tokens are not official or legally binding investments of any kind. All persons and parties involved in the purchase of MONGOCOIN tokens do so at their own risk.

Quantum computers

Technical innovations, such as the development of quantum and super computers, could pose a danger to cryptocurrencies, including MONGOCOIN tokens.

Risk of losing funds

Funds collected by and sent to MONGOCOIN are in no way insured. If they are lost or lose their value, there is no private or public insurance representative that Users may contact for relief.

Returning funds

If a User’s access is terminated or the User ceases to access and use the MONGOCOIN service they may transfer any funds/value held out of their wallet to an exchange or sell their MONGOCOIN and Rewards tokens back to MONGOCOIN or another user. MONGOCOIN makes no claims or warranty regarding the saleability of tokens at any time.

Risks of using new technologies

MONGOCOIN tokens and cryptocurrencies in general are new technologies. In addition to the risks mentioned in this document, there are additional risks that the team of the MONGOCOIN platform cannot foresee.

Integration

This Agreement constitutes the entire agreement between the parties with respect to the use of the MONGOCOIN, Rewards token, site and Services. Any other agreements, discussions, presentations, warranties, and conditions are combined in this document. There are no warranties, representations, conditions, or agreements, express or implied, between the parties, except those explicitly stated in this Agreement. This Agreement may be changed or amended only by a written document duly executed by the parties or by MONGOCOIN according to the Modification and Updates terms contained herein.

Miscellaneous

  1. We reserve all rights not expressly granted by this Agreement.
  2. Dispute resolution.  This Agreement shall be governed by and construed in accordance with the laws of the province of British Columbia. In the event of a dispute, the courts of the Province of British Columbia shall have absolute and exclusive jurisdiction.
  3. You acknowledge and agree that the warranty disclaimers and liability and remedy limitations in this Agreement are material terms of this Agreement and that are material to our decision to provide the Site and Services.
  4. You may not transfer, assign or delegate any of your rights, obligations or privileges hereunder; we may do so at any time. Any assignment of the foregoing other than as provided for in this section shall be null and void. No waiver of any provision or any right granted hereunder will be effective unless set forth in a written instrument signed by the waiving party. No waiver by either party of any breach or default hereunder shall be deemed a waiver of any subsequent breach or default.
  5. Complete Agreement. This Agreement, including any references mentioned and incorporated herein, together with such changes as may be subsequently made by we, constitutes the complete agreement between you and us. This Agreement may not be amended by the user. This Agreement supersedes any previous agreements be they written, verbal, express, or implied.

Questions

If you have any questions or concerns regarding this Agreement, you may contact us by e-mail at [email protected].