USX 백서 전문

auses", "Schedules" and "Rows" are to be construed as references to the recitals, clauses, schedules, and rows of/to these Terms; and Any reference to a statutory provision shall include such provision as from time to time modified or re-enacted and any regulations made in pursuance thereto as from time to time modified or re-enacted after the date of these Terms and shall also include any provision in any other statute which replaces that present statutory provision. 2. Solstice Tokens USX: The Base Synthetic Dollar A fully collateral-backed synthetic dollar minted when Users deposit a variety of digital assets (the "Eligible Collateral"), such as stablecoins or blue-chip tokens, into the Solstice Protocol. USX serves as the base token in the system and can be staked to mint eUSX. It acts as a fully collateral-backed synthetic dollar token that can be used as a store of value, a medium of exchange, and a unit of account. eUSX: The Reward-Generating Token eUSX is minted when USX is staked in the Solstice Protocol. eUSX grows in value over time through yield generated by Solstice Foundation. The eUSX:USX ratio increases as earned yields are deposited into the Solstice Protocol, reflecting accrued rewards. 3. Services To the extent you have a KYC/AML approved account in good standing, you may, on the Platform: Mint USX by depositing the Eligible Collateral; Redeem USX for the originally deposited Eligible Collateral or other stablecoins; Non-KYC/AML users may also: Receive eUSX by staking USX; Redeem eUSX for USX; and/or Generate additional rewards by re-staking eUSX. (collectively the "Services"). You acknowledge that your ability to be issued Solstice tokens and/or redeem your Solstice Tokens is conditional on (i) your possession of a corresponding amount of Solstice tokens or Eligible Collateral (as the case may be), (ii) you maintaining an Account, (iii) no violation of these Terms, and (iv) no restrictions imposed by any Applicable Laws, including any changes thereto. Solstice Foundation reserves the right to suspend all or part of the Services or your right to use the Services at any time and for any reason. You agree, represent, and warrant with respect to any digital asset you sell, transfer or deliver to Solstice Foundation that, (i) you are the lawful owner of such digital asset with good and marketable title thereto, and you have the absolute right to sell, assign, convey, transfer and deliver such digital asset. Such digital asset is free and clear of any and all security interests, liens, pledges, claims (pending or threatened), charges, escrows, encumbrances or similar rights, (ii) you are the lawful owner of each wallet address you provide to us and have good title thereto and (iii) each of your wallets is owned and operated solely for your benefit, and no person, other than you, has any right, title or interest in any wallet. By using any of the Services, you acknowledge and agree that the availability and functionality of these Services may be subject to limitations, delays, and other issues inherent in the use of blockchain technology and digital assets. Under no circumstances shall any of the Indemnified Persons be responsible for any losses or damages arising from such issues, and your use of the Services is at your own risk. 4. Fees and Charges We reserve the right to charge you fees in connection with the use of your Account and/or Services, and your maintenance, termination or cancellation of your Account. You agree to pay us any and all prevailing fees charged by us from time to time. You also acknowledge and agree that we shall have sole and absolute discretion, at any time and from time to time, to impose new fees or adjust any existing fees. If you do not agree to any changes in fees, you may terminate your Account and cease using the Services, however, you expressly acknowledge and agree that any termination of your Account and ceasing to use the Services shall not affect or otherwise extinguish any accrued fees and charges which shall still be due and immediately payable to Solstice Foundation upon termination of your Account and/or seizure to use the Services. We pass-through transactional fees to Users. This can include transfer fees related to blockchain transactions. You are solely responsible for paying any transactional fees. In addition, fees may be imposed for transacting on the blockchain or by a third-party service provider that operates your funding source. Any fees imposed by your third-party service provider may not be reflected on the Platform as these fees are not imposed by us. You are solely responsible for paying any fees imposed by the third-party service provider on you and you expressly acknowledge and agree that you shall keep the Indemnified Persons fully indemnified and harmless against any direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs by reason of, or arising from, or as a consequence of, fees imposed by such third-party service provider. 5. Account Registration 5.1 Eligibility To be eligible to use any of the Services, the following conditions must be satisfied at all times: If you are an entity, you are duly incorporated, duly organised and validly existing under the laws of your jurisdiction and have full power to conduct your business, and if you are an individual, you are at least 18 years old or of legal age to form a binding contract under all Applicable Laws, and have full mental capacity to enter into these Terms and any other agreement entered into pursuant to, or in connection with, these Terms, and to make decisions regarding your investments or transactions; You have not previously been suspended or removed from using the Services; You are not an individual or entity sanctioned by any authority; You are not incorporated or residing in a Restricted Jurisdiction; You are not prohibited from using the Services by any Applicable Laws; All of your representations and warranties set out in these Terms and any and all agreements entered into pursuant to, or in connection with, these Terms, being true, accurate, correct, complete, complied with, and not misleading, in all respects and at all times; You have performed and discharged, or will perform and discharge at all times, all of your covenants, agreements, obligations, or undertakings under these Terms and any and all agreements entered into pursuant to, or in connection with, these Terms; and If you are entering into these Terms on behalf of a legal entity of which you are an employee, agent or representative, you have all necessary rights, power, and authority to bind such legal entity to these Terms. The Services are not directed to, offered to, marketed to, or intended for use by Retail Users or persons located or established within the European Economic Area or the United Kingdom. Solstice and its affiliates provide Services solely to institutional, professional, corporate, accredited, sophisticated or otherwise legally permitted counterparties in accordance with applicable laws. No content made available through the Services constitutes an offer, solicitation, recommendation or invitation to any Retail User or to any person located within a jurisdiction where such offering or access would be unlawful. All Accounts are subject to review and approval by Solstice Foundation. We reserve the right to terminate, suspend or restrict your access to any of your Accounts, as well as take any other action as we deem fit, in the event that you are not, or are no longer, eligible to use the Services. Under no circumstances shall any of the Indemnified Persons be responsible or liable to you or any other person or entity for any direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs by reason of, or arising from, or as a consequence of, any such termination, suspension or restriction of access to any Account, or any other action taken by any of the Indemnified Persons in connection with your ineligibility to use the Services. We reserve the right to monitor and investigate any transactions or activities involving the Solstice tokens to ensure compliance with all the eligibility restrictions. In the event that Solstice Foundation determines, in its sole discretion, that a User is a U.S. Person or has knowingly facilitated the sale or transfer of any Solstice tokens to a U.S. Person, Solstice Foundation may take appropriate action, including but not limited to suspension or termination of the Account, or other actions that Solstice Foundation sees fit. 5.2 Restricted Locations, Access and Services You may not use the Services if you are located in, or a citizen or resident of any Restricted Jurisdictions or any state, country, territory or other jurisdiction where your use of the products and services would be illegal or otherwise violate any Applicable Laws. You may not use the products and services if you are located in, or a citizen or resident of, any state, country, territory or other jurisdiction where we have determined, at our discretion, to prohibit use of the Services. Services are only available to Users in countries where they are permitted to be offered. We may implement controls to restrict access to the Services from any jurisdiction prohibited pursuant to these Terms, including automatically blocking a User from accessing such Services. You accept and agree that you shall not attempt to access or otherwise engage in any Services that have been restricted in accordance with these Terms. A breach of this restriction constitutes a breach of these Terms and we may at our sole discretion terminate your Account in accordance with these Terms. 5.3 Account Information When registering your Account, you must provide current, complete, true and accurate information as required. You agree to provide us with any additional information, documents and/or materials we may request at any time that would facilitate our performance of customer due diligence, or compliance with Applicable Laws and/or detection of money laundering, terrorist financing, fraud, or any other offences. In providing us with such information, you confirm (a) its accuracy, authenticity, and completeness, and (b) you have not withheld any information, document or material that may influence our evaluation of you for the purposes of registering or maintaining your Account or providing Services to you. You hereby agree to permit us to keep a record of all such information for so long as we are required or permitted to do so under Applicable Laws, including after the termination of your Account. We will collect, use, disclose, process and/or store such information in accordance with our Privacy Policy. By signing up for an Account, you hereby authorise us to make inquiries, whether directly or through third parties, to verify your identity or perform screening, or to protect you and/or us against fraud or other financial crimes, and to take any action that we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that the information, documents and materials provided by you may be disclosed to credit bureaus, fraud prevention or financial crime agencies, operators of commercial databases or such other third-party background screening or identity verification operators, law enforcement agencies or other competent authorities. Post-Account opening, you must ensure that such information provided to us continues to be truthful, accurate, complete, and up to date. You agree and undertake to keep us promptly updated in writing if any of the information you provided to us changes, or if there is any change in circumstance that may cause any such information provided to become outdated, false, inaccurate, or incomplete. Such updates in writing shall be provided no later than 5 calendar days after such changes have occurred. Any failure on your part to comply with any of the above requirements will constitute a breach of these Terms and we shall have the right to demand rectification of your information, or terminate, suspend or restrict your access to your Accounts, terminate the provision of all or part of the Services to you, as well as take any other action as we deem fit, whether for a specified period of time or indefinitely. 6. Account Security You must maintain the security and confidentiality of your account information, including Account number, registered name, email or phone number and any other sensitive information related to your Accounts (the "Account Credentials"). It is your sole responsibility to prevent any unauthorised access and/or use of your Account, and you shall take all reasonable measures (including physical, technical, and administrative safeguards) to prevent any unauthorised access and/or use thereof. You will be bound by, and hereby authorise us, directly or through a third party, to accept and rely on, any agreements, instructions, orders, authorisations and any other actions made, provided or taken by anyone who has accessed or used your Account regardless of whether the access is authorised or unauthorised. You shall be solely responsible and liable for all direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs you incur that arises from or in connection with any failure by you to comply with this Clause. Under no circumstances shall any of the Indemnified Persons be responsible or liable to you or any other person or entity for any direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs by reason of, or arising from, or as a consequence of, any: Access to and/or use of (whether authorised or not) any of your Accounts by any Person; Breach of security affecting your Accounts; Operations effected by you or purported to be effected by you through your Accounts or otherwise referable to your Accounts; Damage or interruptions caused by any computer viruses, bugs, spyware, scareware, Trojan horses, worms, malware, or other malicious code; and/or Any disclosure of any Account Credentials by you to any person. If you have any knowledge of or any reason to suspect that there may have been any unauthorised access to and/or use of your Accounts and/or Account Credentials, you must: Immediately notify us at [email protected] and take such steps as may be necessary to prevent any further unauthorised access to and/or use of your Accounts and/or Account Credentials. This includes the freezing of your Accounts through the Platform; Continue to provide accurate and up to date information as we may request throughout the duration of the incident; and Take any steps that we may require to mitigate, manage, or report any such incident. 7. Account Suspension and Termination You agree that Solstice Foundation shall have the right in its sole and absolute discretion, without prior notice and liability to you or any other third party, to refuse to allow the minting, issuance or redemption of any digital asset, immediately suspend, terminate or restrict your access to your Accounts, and/or suspend, terminate or restrict your access to any of the Services, whether for a specified period of time or indefinitely, for any reason or for no reason whatsoever, including where: We are, in our sole opinion, required to do so by any Applicable Laws; We reasonably believe that we need to do so in order to protect our reputation or goodwill; You have not complied with, or we reasonably suspect you of acting in breach of, any terms, conditions or provisions in these Terms; We detect any unusual activity in or unauthorized access to your Accounts; We have determined or suspect that any transaction is erroneous, unauthorised, fraudulent or unlawful or we suspect your Accounts and/or the Services are being used in a fraudulent, unlawful or unauthorised manner; We have concerns about the security of your Accounts; We have determined or suspect that there is any occurrence of money laundering, terrorist financing, fraud, or any other financial crime, or if your activities are in breach of any sanctions related laws, regulations, orders, rules or code of conduct; We have determined or suspect that there is any occurrence or involvement of unlicensed gambling, scams, high risk business, purchase of drugs, conduct of multi-level marketing, ransomware, transactions in darknet market, transactions in high-risk exchanges, and/or transactions with sanctioned countries, individuals or entities or politically exposed persons; Use of your Account is subject to any pending litigation, investigation, and/or government proceeding, and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your Account; We have determined or suspect that you have directly or indirectly registered any Account in another person's name; Any information that you have provided to us is untruthful, inaccurate, outdated or incomplete; These Terms have been amended, and you are unwilling to accept any of the terms, conditions or provisions of the amended Terms; You have requested that we terminate or suspend the provision of any Services to you; and/or Any other circumstance (including due to external market movements and conditions) has arisen where we consider it necessary to terminate or suspend any of its Services. You agree that you will continue to be responsible for all debts obligations related to your Account even after it is closed. Under no circumstances shall any of the Indemnified Persons be responsible or liable to you or any other person or entity for any direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs by reason of, or arising from, or as a consequence of the cancellation, suspension or termination of your Account and/or your access or use of our Services and Platform. Upon termination of an Account, whether by you or by us, you will lose access to all Services and features provided by the Platform. Under no circumstances shall any of the Indemnified Persons be liable for any losses, damages, or consequences resulting from the termination of any Account. 8. Issuance and Redemption of Solstice Tokens 8.1 Issuance of Solstice Tokens For the Solstice token USX to be issued through the Platform, you must provide us with your wallet address and any other identity information or document as we may require for purposes of whitelisting such wallet address. Users may mint USX by depositing Eligible Collateral into the Solstice Protocol. Users acknowledge that Solstice Foundation does not guarantee the stability or value of any stablecoin and accepts no liability for any discrepancies or losses arising from market volatility or external factors influencing stablecoin prices. Once USX has been minted, Users may stake their USX in the Solstice Protocol to receive eUSX. The amount of eUSX received is calculated based on the prevailing eUSX-to-USX ratio, which reflects the total supply of eUSX relative to the total USX staked and accumulated protocol rewards. Under no circumstances shall any of the Indemnified Persons be responsible or liable to you or any other person or entity for any direct, indirect, special or consequential losses (including loss of profits, business, or opportunities), damages or costs by reason of, or arising from, or as a consequence of, any processing delays in connection the issuance of Solstice tokens (including network or tech related errors), or your failure to provide us with the correct wallet address or instruction(s). 8.2 Redemption of Solstice Tokens To redeem (i) USX for a proportional amount of the originally dep