Last updated April 04, 2024
This privacy notice for Cultur3 Stake AG ("Company," "we," "us," or "our"), describes how and why we might collect, store, use, and/or share ("process") your information when you use our services ("Services"), such as when you:
Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our policies and practices, please do not use our Services. If you still have any questions or concerns, please contact us at info@cultur3stake.xyz.
This summary provides key points from our privacy notice, but you can find out more details about any of these topics by clicking the link following each key point or by using our table of contents below to find the section you are looking for.
What personal information do we process? When you visit, use, or navigate our Services, we may process personal information depending on how you interact with Cultur3 Stake and the Services, the choices you make, and the products and features you use. Learn more about personal information you disclose to us.
Do we process any sensitive personal information? We do not process sensitive personal information.
Do we receive any information from third parties? We do not receive any information from third parties.
How do we process your information? We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so. Learn more about how we process your information.
In what situations and with which types of parties do we share personal information? We may share information in specific situations and with specific categories of third parties. Learn more about when and with whom we share your personal information.
How do we keep your information safe? We have organizational and technical processes and procedures in place to protect your personal information. However, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Learn more about how we keep your information safe.
What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information. Learn more about your privacy rights.
How do you exercise your rights? The easiest way to exercise your rights is by contacting us. We will consider and act upon any request in accordance with applicable data protection laws.
Want to learn more about what Cultur3 Stake AG does with any information we collect? Review the privacy notice in full.
TABLE OF CONTENTS
1. WHAT INFORMATION DO WE COLLECT?
2. HOW DO WE PROCESS YOUR INFORMATION?
3. WHAT LEGAL BASES DO WE RELY ON TO PROCESS YOUR PERSONAL INFORMATION?
4. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?
5. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?
6. HOW LONG DO WE KEEP YOUR INFORMATION?
7. HOW DO WE KEEP YOUR INFORMATION SAFE?
8. DO WE COLLECT INFORMATION FROM MINORS?
9. THIRD PARTY SERVICES?
10. WHAT ARE YOUR PRIVACY RIGHTS?
11. CONTROLS FOR DO-NOT-TRACK FEATURES
12. DO CALIFORNIA RESIDENTS HAVE SPECIFIC PRIVACY RIGHTS?
13. DO WE MAKE UPDATES TO THIS NOTICE?
14. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?
15. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?
In Short: We collect personal information that you provide to us.
We collect personal information that you voluntarily provide to us when you express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.
Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following:
Sensitive Information. We do not process sensitive information.
All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information.
In Short: Some information — such as your Internet Protocol (IP) address and/or browser and device characteristics — is collected automatically when you visit our Services.
We automatically collect certain information when you visit, use, or navigate the Services. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our Services, and other technical information. This information is primarily needed to maintain the security and operation of our Services, and for our internal analytics and reporting purposes.
Like many businesses, we also collect information through cookies and similar technologies.
The information we collect includes:
In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.
We process your personal information for a variety of reasons, depending on how you interact with our Services, including:
In Short: We only process your personal information when we believe it is necessary and we have a valid legal reason (i.e., legal basis) to do so under applicable law, like with your consent, to comply with laws, to provide you with services to enter into or fulfill our contractual obligations, to protect your rights, or to fulfill our legitimate business interests.
The General Data Protection Regulation (GDPR) and UK GDPR require us to explain the valid legal bases we rely on in order to process your personal information. As such, we may rely on the following legal bases to process your personal information:
We may process your information if you have given us specific permission (i.e., express consent) to use your personal information for a specific purpose, or in situations where your permission can be inferred (i.e., implied consent). You can withdraw your consent at any time.
In some exceptional cases, we may be legally permitted under applicable law to process your information without your consent, including, for example:
In Short: We may share information in specific situations described in this section and/or with the following categories of third parties.
Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents ("third parties") who perform services for us or on our behalf and require access to such information to do that work. We have contracts in place with our third parties, which are designed to help safeguard your personal information. This means that they cannot do anything with your personal information unless we have instructed them to do it. They will also not share your personal information with any organization apart from us. They also commit to protect the data they hold on our behalf and to retain it for the period we instruct. The categories of third parties we may share personal information with are as follows:
We also may need to share your personal information in the following situations:
In Short: We may use cookies and other tracking technologies to collect and store your information.
We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information. Specific information about how we use such technologies and how you can refuse certain cookies is set out in our Cookie Notice.
In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.
We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements).
When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.
In Short: We aim to protect your personal information through a system of organizational and technical security measures.
We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Services is at your own risk. You should only access the Services within a secure environment.
In Short: We do not knowingly collect data from or market to children under 18 years of age.
We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at info@cultur3stake.xyz.
9. THIRD PARTY SERVICES
Our website was built using Webflow.
In Short: In some regions, such as the European Economic Area (EEA), United Kingdom (UK), and Canada, you have rights that allow you greater access to and control over your personal information. You may review, change, or terminate your account at any time.
In some regions (like the EEA, UK, and Canada), you have certain rights under applicable data protection laws. These may include the right (i) to request access and obtain a copy of your personal information, (ii) to request rectification or erasure; (iii) to restrict the processing of your personal information; and (iv) if applicable, to data portability. In certain circumstances, you may also have the right to object to the processing of your personal information. You can make such a request by contacting us by using the contact details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below.
We will consider and act upon any request in accordance with applicable data protection laws.
If you are located in the EEA or UK and you believe we are unlawfully processing your personal information, you also have the right to complain to your Member State data protection authority or UK data protection authority.
If you are located in Switzerland, you may contact the Federal Data Protection and Information Commissioner.
Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time. You can withdraw your consent at any time by contacting us by using the contact details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below.
However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.
Opting out of marketing and promotional communications: You can unsubscribe from our marketing and promotional communications at any time by clicking on the unsubscribe link in the emails that we send, or by contacting us using the details provided in the section "HOW CAN YOU CONTACT US ABOUT THIS NOTICE?" below. You will then be removed from the marketing lists. However, we may still communicate with you — for example, to send you service-related messages that are necessary for the administration and use of your account, to respond to service requests, or for other non-marketing purposes.
Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our Services. You may also opt out of interest-based advertising by advertisers on our Services.
If you have questions or comments about your privacy rights, you may email us at info@cultur3stake.xyz.
Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track ("DNT") feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice.
In Short: Yes, if you are a resident of California, you are granted specific rights regarding access to your personal information.
California Civil Code Section 1798.83, also known as the "Shine The Light" law, permits our users who are California residents to request and obtain from us, once a year and free of charge, information about categories of personal information (if any) we disclosed to third parties for direct marketing purposes and the names and addresses of all third parties with which we shared personal information in the immediately preceding calendar year. If you are a California resident and would like to make such a request, please submit your request in writing to us using the contact information provided below.
If you are under 18 years of age, reside in California, and have a registered account with Services, you have the right to request removal of unwanted data that you publicly post on the Services. To request removal of such data, please contact us using the contact information provided below and include the email address associated with your account and a statement that you reside in California. We will make sure the data is not publicly displayed on the Services, but please be aware that the data may not be completely or comprehensively removed from all our systems (e.g., backups, etc.).
In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.
We may update this privacy notice from time to time. The updated version will be indicated by an updated "Revised" date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.
If you have questions or comments about this notice, you may email us at info@cultur3stake.xyz or by post to:
Cultur3 Stake AG
Landis + Gyr-Strasse 1,
6300 Zug, Switzerland
Based on the applicable laws of your country, you may have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please contacts us at info@cultur3stake.xyz.
These Terms and Conditions for Cultur3 Stake Staking Services ("Terms") between Cultur3 Stake AG, a private limited company in Switzerland, with its registered office in Zug, Switzerland ("Cultur3") and the user ("User") governs the services of Cultur3 as defined in Article 2 hereinafter.
By delegating Tokens to Cultur3, User agrees to be bound by these Terms (= conduct implying an intent). If User does not agree to, understand, or cannot comply with, these Terms, User must not delegate its Tokens to Cultur3. As such, please read these Terms carefully before delegating Tokens to Cultur3.
Please contact us at hello[at]cultur3stake.xyz for any questions or issues.
NOW, THEREFORE, in consideration of the mutual agreements contained below, Cultur3 and User hereby agree as follows:
ARTICLE I: DEFINITIONS AND RULES OF INTERPRETATION
Section 1.1 Certain Definitions and Rules of Interpretation. The terms defined in this Section 1.1, whenever used in these Terms shall have the meanings set forth below:
"Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with such Person.
"Block Rewards" are additional tokens that are newly minted as an increase to the total supply of tokens.
"Disputes" has the meaning assigned to such term in Section 6.2.
"Governmental Authority" means any nation or government, any state or other political subdivision thereof, any entity exercising legislative, judicial or administrative functions of or pertaining to government, including, without limitation, any government authority, agency, department, board, commission or instrumentality, and any court, tribunal or arbitrator(s) of competent jurisdiction, and any self- regulatory organization.
"hereof," "herein," "hereunder," "hereby" and words of similar import will, unless otherwise stated, be construed to refer to these Terms as a whole and not to any particular provision of these Terms.
"include(s)" and "including" shall be construed to be followed by the words "without limitation" unless the context requires otherwise.
"Laws" means all laws, statutes, legal requirements, ordinances, rules, rulings, regulations, judgments, injunctions, orders and decrees enacted, promulgated or issued by any Governmental Authority.
"Network": A "Proof-of-Stake Network" is a digital blockchain ledger whereon transactions in digital tokens are recorded and stored as a result of the coordinated activities of a distributed, peer-to-peer network ("Network") of software clients ("Nodes") running a consensus protocol.
"or" shall be construed to be the "inclusive or" rather than "exclusive or" (i.e., shall be read as "and/or") unless the context requires otherwise.
"Person" means an individual or legal entity or person, including a government or political subdivision or an agency or instrumentality thereof.
"Service Fees" means the amount paid to Validator Nodes for exercising Users’ Validation Rights on the Network. Service Fees are usually expressed as a percentage of the total Block Rewards and Transaction Fees earned.
"Token" means any amount (including any fractional amount) of digital tokens transacted in on the Network with transactions being recorded on the blockchain.
"Transaction Fees" means any amount of digital tokens paid to the Network by transactions. A part or the entire of digital tokens paid in that way may be distributed to Users exercising their Validation Rights and Validator Nodes on the Network.
“User” is a holder of Tokens who delegates Tokens to Cultur3 in order to be eligible to receive Block Rewards and Transaction Fees by exercising its Validation Rights on the Network.
"Validator Node". For purposes of network efficiency, only a limited number of Nodes are permitted to exercise Validation Rights on the Network at any given time.
"Validation Rights" Users owning Tokens native to a specific Network can participate in maintaining the Network, where the amount of Tokens owned in relation to the total supply of Tokens in the Network is indicative of their Validation Rights within the Network. Validation Rights can be delegated to Validator Nodes on the Network allowing any Token holder to participate in maintaining the Network.
The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of these Terms.
ARTICLE II. CULTUR3 SERVICES
Section 2.1 Services. Cultur3 operates the software and infrastructure necessary to run a Validator Node on the Network. During the times that Cultur3 is selected on the Network to run a Validator Node, Cultur3 provides services to the User by enabling the User to exercise its Validation Rights on the Network through Cultur3’s Validator Node in exchange for Service Fees. The User is a holder of Tokens who delegates tokens to Cultur3 in order to be eligible to receive Block Rewards and Transaction Fees by exercising its Validation Rights on the Network.
Section 2.2 Cultur3’ Responsibility. Subject to these Terms, including the User Eligibility Conditions, during the times, if any, that Cultur3 is among the Persons selected on the Network to operate a Validating Node, Cultur3 will use commercially reasonable efforts to operate the Validating Node in a manner intended to facilitate the exercise, through the Validating Node, of User's Validation Rights with respect to the Tokens of User, if any, that are Delegated to Cultur3 as of such times (such operation of the Validating Node, the "Services").
Section 2.3 Conditions Precedent to Cultur3's Obligations to Perform Services.
(a) Cultur3 shall not have any obligation to perform the Services at any time if any one or more of the following conditions precedent is not satisfied as of such time:
1. the representations and warranties of User set forth in Article III hereinafter are accurate and complete as of all times on and after agreeing to these Terms while User has Validation Rights that are Delegated to Cultur3;
2. Cultur3 is included in the Maximum Validator Number of Persons selected to operate a Validator Node on the Network; and
3. neither User's Delegation of its Validation Rights to Cultur3, nor Cultur3’ performance of Services for User, constitute, or would be reasonably expected to result in (with or without notice, lapse of time, or both) a breach, default, contravention or violation of any Law applicable to User or Cultur3, or contract or agreement to which User or Cultur3 is a party or by which User or Cultur3 is bound, including these Terms and the Network Agreements.
User acknowledges and agrees that the technologies and activities involved in the Network are novel, experimental, and speculative, and that therefore there is significant uncertainty regarding the application of existing Law thereto. Accordingly, without limiting the generality of the foregoing or any other provision of these Terms, circumstances under which one or more of the aforementioned conditions precedents may fail to be satisfied or Cultur3 have a claim against User for an improper Delegation include, but are not limited to:
- that tokens, one or more tokens involved in the Network are determined under any potentially applicable Law to constitute securities and the activity of serving as a Validating Node therefore may require certain registrations, licenses, or permits not possessed by Cultur3;
- that User is or becomes subject to sanctions (such as by having been added to the "OFAC list") imposed by any relevant Governmental Authority; and
- that under relevant anti-money laundering, "know-your-customer" or similar rules or regulations, Cultur3 is deemed to have a "money transmitter" or similar status, but cannot reasonably comply with the associated obligations due to the decentralized, open-source, permissionless design of the Network.
(b) User acknowledges and understands that, due to the permissionless, decentralized design of the Network:
- any Person holding tokens can anonymously Delegate their Validation Rights to Cultur3 on the Network, and accordingly Cultur3 does not under ordinary circumstances have an ability to prevent any such Person from receiving the Services; and
- Cultur3 may be unable to ascertain important information regarding User, including User's name, country of origin, country of residence, age, good standing, legal status, affiliations, entity type and criminal history.
Accordingly, there may be periods of time during which one or more of the conditions described in clause "(a)" above is not satisfied, but Cultur3 is unaware of such fact and continues rendering Services to User.
(c) In the event that User could reasonably expect that any of the conditions described in clause "(a)" above is not satisfied prior to Delegating Validation Rights to Cultur3, User shall not Delegate any Validation Rights to Cultur3 and, in the event that, after Delegating any Validation Rights to Cultur3, User could reasonably expect that any of such conditions has ceased to be satisfied, User shall immediately revoke such Delegation.
(d) Without limiting the generality of Section 8.9, User acknowledges and agrees that the Network shall not be deemed to have waived any of the conditions described in clause "(a)" above, or waived or released any claim, right, power, privilege or remedy related thereto, by virtue of providing Services to User while having no specific knowledge that such condition is not satisfied with respect to User, and may terminate its Services to User after learning of such non-satisfaction regardless of how long such condition has not been satisfied. User may be liable to Cultur3 to monetary or other damages in the event that User Delegates its Validation Rights to Cultur3, or fails to revoke such a Delegation that was previously made, when any of the conditions described in clause "(a)" above is not satisfied.
Section 2.3 No Guarantee of Validator Node Status. There can be no guarantee or assurance that, and Cultur3 is not making any representation, warranty or promise to the effect that, Cultur3 will serve as a Validator Node at all or for any particular period of time. Cultur3’s failure to become or remain a Validator Node shall not constitute a breach of any provision of these Terms or otherwise give rise to any liability or obligation of Cultur3 to User.
Section 2.4 Fork Handling. The Network, like other decentralized, open-source blockchains and blockchain protocols, may be subject to "forks." Forks occur when some or all Persons running the software clients for a particular blockchain adopt a new client or a new version of an existing client that: (a) changes the protocol rules in backwards-compatible or backwards-incompatible manner that affects which transactions can be added into later blocks, how later blocks are added to the blockchain, or other matters relating to the future operation of the protocol; or (b) reorganizes or changes past blocks to alter the history of the blockchain. Some forks are "contentious" and thus may result in two or more persistent alternative versions of the protocol or blockchain, either of which may be viewed as or claimed to be the legitimate or genuine continuation of the original. Cultur3 may not be able to anticipate, control or influence the occurrence or outcome of forks of the Network or other blockchains, and does not assume any risk, liability or obligation in connection therewith. Without limiting the generality of the foregoing, Cultur3 does not assume any responsibility notify User of pending, threatened or actual forks. Cultur3 will respond to any forks as Cultur3 determines in its sole and absolute discretion, and Cultur3 shall not have any obligation or liability to User if such response benefits Cultur3 to the detriment of User. Without limiting the generality of the foregoing, Cultur3’s possible and permissible responses to a fork include, among others: (i) continuing to serve as a Validating Node on both chains; (ii) serving as a Validating Node only on one chain; (iii) ceasing to be a Validating Node on both chains; or (iv) switching from serving as Validating Node on one such chain to serving as a Validating Node on the other, or vice versa, based on various factors. In the event of a fork of the Network, it is possible (but not guaranteed) that the same number of tokens/Validation Rights that were bonded/Delegated to Cultur3 on the original chain will by default be bonded/Delegated to Cultur3 on the forked chain. In the event that Cultur3 does not choose to support both chains, User's Validation Rights and Voting Rights may go unexercised on the chain Cultur3 does not support, and User may temporarily or permanently lose tokens, Block Rewards or Transaction Fees on the unsupported chain. User assumes full responsibility to independently remain apprised of and informed about possible forks, and to manage User's own interests in connection therewith, including by potentially retracting a Delegation to the public key of Cultur3's Validator Node on a fork that Cultur3 does not support.
Section 2.5 Selective Code Deference. Except as otherwise set forth in these Terms, as between Cultur3 and User, the results of operation of the Network shall be determinative of the rights and obligations of, and shall be final, binding upon and non-appealable by, each of the parties to these Terms. Without limiting the generality of the foregoing, User acknowledges and agrees that the taking of any action or the exercise by Cultur3 of any right, power or privilege that is possible to be taken or exercised by a Validating Node on the Network shall not constitute a breach, violation or contravention of these Terms or any duty or obligation owed by Cultur3 to User, and that any portion of Block Rewards, Transaction Fees or other awards distributed to Cultur3 by operation of the Network constitute Service Fees and shall be the sole and exclusive property of Cultur3, and User shall have no claim on, rights to or interests therein. Conversely, if there would otherwise be any legally binding contract or agreement between or involving User and Cultur3 that is implied by, or embodied in, the machine, assembly or other code involved in, or the results of operation of, the Network or any blockchain thereof that conflicts or is inconsistent in any respect with these Terms, these Terms shall prevail over such other contract or agreement.
ARTICLE III: REPRESENTATIONS AND WARRANTIES OF USER
User hereby represents and warrants to Cultur3, as of the date of entering into these Terms and as of each date that User has any Validation Rights that are Delegated to Cultur3:
Section 3.1 Status. If User is an individual, User is of legal age in the jurisdiction in which User resides and is of sound mind and body. If User is a business entity, User is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized, and has all requisite power and authority for a business entity of its type to carry on its business as now conducted.
Section 3.2 Power and Authority. User has all requisite capacity, power and authority to accept the terms and conditions of these Terms and to carry out and perform its obligations under these Terms. These Terms constitute a legal, valid and binding obligation of User enforceable against User in accordance with its terms.
Section 3.3 No Conflict; Compliance with Law. User entering into these Terms and User's Delegation of its Validation Rights to Cultur3 does not constitute, and would not reasonably be expected to result in (with or without notice, lapse of time, or both) a breach, default, contravention or violation of any Law, regulation, decree or legal restriction, tax regulation or obligation, or any order or judgment of any court or other agency of government applicable to User, or contract or agreement to which User is a party or by which User is bound. User confirms in particular that it will fully comply with all applicable laws and regulations, in particular the Swiss Anti-Money Laundering Act, the Swiss Banking Act, the Swiss Financial Services Act, the Swiss Collective Investment Schemes Act, and any other equivalent laws and regulations.
Section 3.4 Persons Subject to Sanctions. User is not, and is not owned or controlled by, or acting on behalf of, any other Person who is, identified on any list of prohibited parties under any Law or by any Governmental Authorities, such as, for example, the lists maintained by the United Nations Security Council, the U.S. government (including the U.S. Treasury Department's Specially Designated Nationals list and Foreign Sanctions Evaders list), the European Union (EU) or its member states, and the government of User's home country. User is not, and is not owned or controlled by, or acting on behalf of, any other Person who is, located, ordinarily resident, organized, established, or domiciled in Cuba, Iran, North Korea, Sudan, Syria, the Crimea region (including Sevastopol) or any other country or jurisdiction against which the U.S. maintains economic sanctions or an arms embargo. User's tokens are not derived from, and do not otherwise represent the proceeds of, any activities done in violation or contravention of any Law.
Section 3.5 No Claim, Loan, Ownership Interest or Investment Purpose. User understands and agrees that neither User's Delegation of Validation Rights and Voting Rights to Cultur3, nor Cultur3's provision of Services hereunder: (a) represents or constitutes a loan or a contribution of capital to, or other investment in, Cultur3; (b) provides User with any ownership interest, equity, security, or right to or interest in the assets, rights, properties, revenues or profits of, or voting rights whatsoever in, Cultur3; or (c) creates or implies any fiduciary or other agency relationship between Cultur3 or any of its directors, officers, employees, agents or Affiliates and User or entitles User to any fiduciary duty or similar duty on the part any of the foregoing Persons. User is not entering into these Terms or Delegating Validation Rights or Voting Rights to Cultur3 for the purpose of making an investment with respect to Cultur3 or its securities, but solely wishes to receive the Services from Cultur3. User understands and agrees that Cultur3 will not accept or take custody over any Block Rewards or Transaction Fees on behalf of User, and has no responsibility or control over whether the Network distributes Block Rewards or Transaction Fees to User. Cultur3's sole obligation under these Terms is to perform the Services, upon the terms and conditions set forth in these Terms, which may, but is not guaranteed to, result in User receiving Block Rewards and Transaction Fees directly through the operations of the Network.
Section 3.6 Non-Reliance. User is knowledgeable, experienced and sophisticated in using and evaluating the Network and similar technologies. User has conducted its own thorough independent investigation and analysis of the Network and the other matters contemplated by these Terms in determining to Delegate any Validation Rights or Voting Rights to Cultur3 and enter into these Terms, and has not relied upon any information, statement, omission, representation or warranty, express or implied, written or oral, made by or on behalf of Cultur3 in connection therewith.
ARTICLE IV: LIMITED WARRANTY OF CULTUR3
CULTUR3 REPRESENTS AND WARRANTS TO THE USER THAT IT SHALL USE COMMERCIALLY REASONABLE EFFORTS TO PROVIDE THE SERVICE WITHOUT INTRODUCING ERRORS OR OTHERWISE CORRUPTING ANY DATA SUBMITTED BY THE USER. THE USER ACKNOWLEDGES AND AGREES THAT EXCEPT AS SET FORTH IN THESE TERMS, THE SERVICE, INCLUDING, WITHOUT LIMITATION, THE BLOCKCHAIN DATA AND THE INFORMATION CONTAINED THEREIN, ARE PROVIDED ON AN “AS IS" AND “AS AVAILABLE” BASIS WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. CULTUR3 MAKES NO REPRESENTATION OR WARRANTY THAT THE SERVICE WILL COMPLY WITH ANY OBLIGATIONS THAT USER MAY HAVE UNDER ANY APPLICABLE LAWS, RULES, REGULATIONS, OR SIMILAR OBLIGATIONS AND CULTUR3 SHALL NOT HAVE ANY LIABILITY OR BE RESPONSIBLE FOR ANY DAMAGES, LIABILITIES, SLASHING PENALTIES, LOSSES, COSTS, OUT-OF-POCKET COSTS OR EXPENSES (INCLUDING ATTORNEYS’ FEES), WHETHER DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR OTHERWISE OF ANY KIND ARISING OUT OF, IN CONNECTION WITH OR RELATING TO THE USER’S COMPLIANCE WITH ANY OBLIGATIONS UNDER ANY APPLICABLE LAWS, RULES, REGULATIONS, OR SIMILAR OBLIGATIONS. WITHOUT LIMITING THE FOREGOING, CULTUR3 DOES NOT REPRESENT OR WARRANT THAT (I) THE SERVICE WILL BE ERROR FREE, UNINTERRUPTED OR AVAILABLE AT ALL TIMES; (II) THAT THE SERVICE WILL REMAIN COMPATIBLE WITH, OR OPERATE WITHOUT INTERRUPTION ON, ANY EQUIPMENT PROVIDED BY USER. (III) USER ACKNOWLEDGES AND AGREES THAT TECHNICAL PROBLEMS MAY PREVENT CULTUR3 FROM PROVIDING ALL OR ANY PART OF THE SERVICE AND (IV) EXCEPT AS SET FORTH IN THE FIRST SENTENCE OF THIS SECTION, CULTUR3 MAKES NO WARRANTIES AND THE USER RECEIVES NO WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, REGARDING OR RELATING TO THE SERVICE AND CULTUR3 HEREBY SPECIFICALLY DISCLAIMS, OVERRIDES AND EXCLUDES TO THE FULLEST EXTENT PERMITTED BY LAW, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE AND ALL OTHER WARRANTIES, CONDITIONS, OTHER CONTRACTUAL TERMS, REPRESENTATIONS, INDEMNITIES AND GUARANTEES WITH RESPECT TO THE SERVICE, WHETHER EXPRESS, IMPLIED OR STATUTORY, ARISING BY LAW, CUSTOM, PRIOR ORAL OR WRITTEN STATEMENTS BY CULTUR3 OR ANY OF ITS AGENTS OR AFFILIATES OR OTHERWISE (INCLUDING BUT NOT LIMITED TO, AS TO TITLE, SATISFACTORY QUALITY, ACCURACY, COMPLETENESS, UNINTERRUPTED USE, NONINFRINGEMENT, TIMELINESS, TRUTHFULNESS, SEQUENCE AND ANY IMPLIED WARRANTIES, CONDITIONS AND OTHER CONTRACTUAL TERMS ARISING FROM TRANSACTION USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE).
ARTICLE V: LIMITATIONS OF LIABILITY
The User acknowledges and agrees that Cultur3 shall, to the extent permitted by law, not have any liability in or be responsible for any damages, liabilities, losses, costs, out of pocket costs or expenses (including attorneys' fees), whether direct, indirect, special, incidental, consequential, punitive or otherwise of any kind (including, without limitation, any loss of revenue, loss of actual or anticipated profits, loss of contracts, loss of the use of money, loss of anticipated savings, loss of business, loss of opportunity, loss of goodwill, loss of reputation or loss of, damage to or corruption of data), in each case arising under or related to claims of breach of contract, tort, including negligence, strict liability, negligent misrepresentation, restitution, breach of statutory duty or any other cause of action whatsoever with respect to these Terms, the Service, or any other matters or services contemplated hereby. Notwithstanding anything to the contrary herein and without limiting the foregoing, the User acknowledges and agrees, that Cultur3 shall not be held liable for: any loss or theft of digital assets including, but not limited to private keys; transaction errors done by the User; late execution or settlement of any transaction whatsoever; the incorrect booking of transactions or the presence of an error in ordering the booking of transactions in a blockchain; any security breach or weakness, bug, of any kind for a digital asset; any security breach or weakness, bug, of any kind in the technology stacks used including but not limited to programming languages and open-source libraries; any configuration or installation errors by the User.
Cultur3's liability for damages under these Terms shall in any case be limited to, and under no circumstances shall exceed, the portion of Service Fees actually received by Cultur3 that demonstrably arose by virtue of the User's particular Delegation of its particular Validation Rights to Cultur3.
ARTICLE VI: FEES
Cultur3 will receiving a Service Fee for providing its Services. This Service Fee is generally automatically charged and distributed to Cultur3 by the Network, with some exceptions on Networks that do not automate this process (e.g. Tezos, Mina, and Helium). The Service Fee is encoded and recorded in the metadata of each Cultur3 Validation Node on the digital ledger of each respective Network and/or accessible through Network observation toolings (block explorers). It can also be accessed on the Cultur3 Stake website at https://cultur3stake.xyz
ARTICLE VII: TERM AND TERMINATION
The Service under these Terms will start on the Start Date. The Start Date of the Service is the date on which User first delegates any Token(s) to Cultur3.
Either party may terminate these Terms: (a) at any time for any or no reason (i) on delivery of written notice of termination to the other Party, (ii) in the case of User, by removing (undelegating) their Tokens, or (iii) in the case of Cultur3, by taking steps to shut down the Validator Node or, if technically possible, denying/terminating the delegation of Tokens of User to Cultur3, (b) for good cause, with immediate effect, if the other party materially breaches a provision of these Terms; in each case, the termination is subject to any restrictions on termination provided in the Additional Terms and the terms of the Supported Blockchain.
Upon termination, the User shall (i) cease to use of the Service; (ii) initiate re-delegation and unbonding of the Tokens, as applicable; and (iii) pay to Cultur3 all fees and expenses outstanding through the termination date. Upon termination, Cultur3 shall pay to the User its attributable Block Rewards minus Cultur3 fees. Further, the termination of these Terms, for any reason, shall not affect the entitlement of Cultur3 to any fees and expenses due.
Upon termination of these Terms, all licenses to access and use the Services will likewise terminate, and User will immediately thereafter discontinue all such access and use.
Any obligations and duties that by their nature extend beyond the expiration or termination of these Terms will survive the expiration or termination of these Terms including, without limitation, accrued rights to payment, warranty disclaimers and limitations of liability.
ARTICLE VIII: MISCELLANEOUS
Section 8.1 Governing Law. These Terms shall be governed by and construed in accordance with the substantive laws of Switzerland.
Section 8.2 Jurisdiction. All disputes arising out of or in connection with these Terms, including disputes on its conclusion, binding effect, amendment and termination, shall exclusively be resolved by the ordinary courts at the seat of Cultur3.
Section 8.3 Successors and Assigns.
1. These Terms shall inure to the benefit of the parties, and their respective permitted successors, permitted assigns, permitted transferees and permitted delegates and shall be binding upon all of the foregoing persons and any Person who may otherwise succeed to any right, obligation or liability under these Terms by operation of law or otherwise. User shall not share or provide a copy of, or transfer to, any Person the private key associated with any tokens with respect to which Validation Rights are Delegated to Cultur3 without notifying such Person that such Person shall be bound by and become a party to these Terms by virtue of making any use of such private keys while such Delegation remains in effect.
2. Except as set forth in Section 6.3(1), no rights, obligations or liabilities of User may be assigned, transferred or delegated to any Person without the prior written consent of Cultur3. Cultur3 may freely assign, transfer or delegate its rights, obligations and liabilities under these Terms to the maximum extent permitted by applicable Law.
Section 8.4 Entire Terms. These Terms constitute the entire terms between the parties relating to the subject matter hereof and supersedes all prior or contemporaneous agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.
Section 8.5 Severability. Should any part or provision of these Terms be held to be invalid by any competent court, governmental or administrative authority having jurisdiction, the other provisions of these Terms shall nonetheless remain valid. In this case, the Parties shall endeavour to negotiate a substitute provision that best reflects the economic intentions of the Parties without being unenforceable, and shall execute all agreements and documents required in this connection. The same shall apply if and to the extent that these Terms are found to contain any gaps or omissions.
Section 8.6 Notices. All notices under these Terms shall be made in writing (including e-mail). Notices will be deemed to have been duly given when received.
Section 8.7 Force Majeure. Cultur3 shall not incur any liability or penalty for not performing any act or fulfilling any obligation hereunder by reason of any occurrence that is not within its control (including any provision of any present or future law or regulation or any act of any Governmental Authority, any act of God or war or terrorism, or the unavailability, disruption or malfunction of the Internet, the World Wide Web or any other electronic network the Network or any aspect thereof, or any consensus attack, or hack, or denial-of-service or other attack, on the Network or any aspect thereof, or on the software and infrastructure that enables Cultur3 to operate the Validating Node.), it being understood that Cultur3 shall use commercially reasonable efforts, consistent with accepted practices in the industries in which Cultur3 operates, as applicable, to resume performance as soon as reasonably practicable under the circumstances.
Section 8.8 Amendments. In justified cases, Cultur3 is entitled to modify these Terms at any time. Cultur3 shall communicate such modifications in advance and in an appropriate manner. The amendments shall be deemed to have been accepted by the User unless an objection is raised in writing within one month of notification, but in any event when the service is first used. In the event of an objection, the client shall be free to terminate the business relationship with immediate effect subject to special agreements.
Section 8.9 No Waiver. No failure on the part of any Person to exercise any power, right, privilege or remedy under these Terms, and no delay on the part of any Person in exercising any power, right, privilege or remedy under these Terms, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Person shall be deemed to have waived any claim arising out of these Terms, or any power, right, privilege or remedy under these Terms, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such Person; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given.