Terms and Condition
Explore the detailed terms and conditions governing your use of Homnifi's services. Stay informed about our policies and legal guidelines.
Welcome to the Homnifi Platform (the “Platform”, referring to the domain https://homnifi.com/). These Terms and Conditions (“Terms”) constitute a legally binding agreement between Homnifi International LTD ("Homnifi", "We", "Our", "Us") and you, the user ("User", "you", "your"), governing the use of all services, content, features, and applications available through the Platform, including all domains associated with Homnifi (collectively, the "Services"). The Platform offers a suite of features designed to facilitate digital asset transactions, streamline user interactions, and ensure compliance with applicable regulatory standards.
These Terms explain how the User may use the Platform and any of its content. You shall read these Terms carefully before using our Platform. By accessing or using the Platform, you agree to abide by these Terms and explicitly acknowledge and accept the potential risks linked to digital assets and derivatives. Homnifi holds no responsibility for any adverse outcomes resulting from your Platform usage.
If you do not agree to these Terms, you must immediately cease using the Platform. These Terms incorporate by reference the Privacy Policy and any other policies or guidelines we provide (available at https://docs.homnifi.com/). All versions of these Terms provided in different languages are legally binding, but in case of inconsistencies, the English version shall prevail.
Last Updated: October 2024
1. DEFINITIONS
1.1. “Account”: means the user profile and account created on the Homnifi to use the Services offered by the Platform.
1.2. “Homni Access”: refers to the Client Membership, which grants access to essential features of the Platform for an annual fee of USD 39 (thirty-nine United States dollars).
1.3. “Homni Advantage”: refers to the Premium Membership, which provides full access to all Platform features, including exclusive benefits, for an annual fee of USD 99 (ninety-nine United States dollars)."
1.3. “Homni Access”: refers to the Client Membership, which grants access to essential features of the Platform for an annual fee of USD 39 (thirty-nine United States dollars).
1.4. “Homni Advantage”: refers to the Premium Membership, which provides full access to all Platform features, including exclusive benefits, for an annual fee of USD 99 (ninety-nine United States dollars)."
1.5. “Internal Virtual Points”: means various digital points (e.g., USDK, USDK PROMO, USDK-W, USDK-C, cLFi, cLFi-R, cLFi-W, ScLFi, mLYK, sLYK) used exclusively within the Platform for the purposes of accessing, utilising, and enhancing the array of services, products, and features available
1.6. “Licence”: means a grant issued by Homnifi (as the holder of intellectual property rights) in the form of non-fungible tokens (NFTs), entitling the User to use specific products and services on the Platform. This Licence can be acquired exclusively using EURfi tokens.
1.7. “LFi Token”: means the native token of the Platform, used for accessing services and products within the Homnifi ecosystem.
1.8. “USDK”: means a virtual point with a value of 1 (one) United States dollar, utilised for transactions within the Platform.[1] [2]
1.9. “Partner Websites”: means websites hosted by third parties that provide services that are accessible through links or integrations within the Platform.
2. ELIGIBILITY
2.1. To use the Platform, you must be at least 18 (eighteen) years old (or the age of majority in your jurisdiction) and legally capable of entering into binding contracts. If you are a legal entity, you must have the necessary corporate authority to agree to these Terms. By using our Platform and Services, you confirm that you meet this requirement.
2.2. Your use of the Platform must comply with the laws of your jurisdiction. Homnifi is not responsible for ensuring that the Platform is available or legal in all territories. You are solely responsible for ensuring that your use of the Platform is compliant with local laws.
2.3. Certain services or features may have additional eligibility requirements. You are solely responsible for ensuring that your use of our Platform or Services does not violate any applicable laws, including sanctions imposed by international authorities such as the Office of Foreign Assets Control (OFAC) and the Financial Action Task Force (FATF).
2.4. Homnifi reserves the right to deny access to the Platform or the Services to individuals or entities that are on restricted lists, such as those imposed by the OFAC, FATF, or other regulatory bodies.
3. ACCEPTANCE OF TERMS
3.1. These general Terms govern the decentralised Web3 services provided by Homnifi, a limited liability company incorporated and registered under the laws of the British Virgin Islands, to its Users through the Platform.
3.2. By accessing or registering on the Platform, you agree to these Terms in full. Any continued use of the Platform following modifications or updates to these Terms constitutes your acceptance of the revised terms.
3.3. If you access certain portions of the Platform or Services that are governed by additional terms, those terms shall supplement these Terms. In the event of any conflict, the additional terms will prevail concerning the specific portions of the Platform or Services they govern.
4. ACCOUNT REGISTRATION, SECURITY AND MEMBERSHIP
4.1. In order to be eligible to access the features and services of the Platform, you must create an account by providing accurate information, including your email address and other details required for registration. You must pay the HomniAccess membership fee upon registration to access the Platform's full functionalities (payment due from the signing up). Upon registering as a User, e-mail confirmation is required to ensure the authenticity of the provided e-mail address.
4.2. To log in, you must enter your registered e-mail address and password. You are solely responsible for maintaining the confidentiality of your account credentials (e.g., password, private keys). You must use multi-factor authentication (MFA) to enhance security. Homnifi will not be liable for any unauthorised transactions, and you accept all risks associated with failing to secure your account.
4.3. The HomniAccess membership fee is charged upon registration and must be paid annually to retain access to the Platform's full features. Non-payment may result in account suspension or limited functionality.
5. AML/KYC COMPLIANCE
5.1. Homnifi is committed to complying with all Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. To this end, Homnifi may request further information from you, including personal details and verification documents and you must provide accurate, complete, and verifiable information when requested.
5.2. Homnifi reserves the right to verify user information for compliance purposes. If you fail to provide required information or fail verification, your account may be restricted or terminated. Homnifi may, at its discretion, suspend transactions or freeze assets if it suspects illegal activities.
5.3. You authorise Homnifi to verify your identity through third-party service providers. Failure to provide required KYC documentation or to pass our verification checks may result in restrictions on your account, including the suspension of transactions or freezing of assets.
5.4. Types of Documentation (non-exhaustive list for exemplification purposes, documents and information may vary):
5.4.1. Personal Documents – for individual users, the following documents may be requested as part of the AML/KYC verification process:
5.4.1.1. Government-Issued Photo ID: passport, national identity card, or driver’s licence;
5.4.1.2. Proof of Address: utility bill, bank statement, or government correspondence (issued within the last 3 (three) months) showing the user's full name and residential address;
5.4.1.3. Selfie with ID: a photograph of the user holding their government-issued photo ID to verify identity;
5.4.1.4. Date of Birth Verification: document confirming the user’s date of birth, such as a birth certificate, passport, or national ID card;
5.4.1.5. Source of Funds: Documentation proving the legitimate origin of the funds to be used or deposited on the Platform, such as a bank statement, pay slip, or tax return.
5.4.2. Corporate Documents – for users representing legal entities or businesses, the following corporate documentation may be requested as part of the AML/KYC verification process:
5.4.2.1. Certificate of Incorporation: official certificate proving the registration of the company with the relevant authorities;
5.4.2.2. Articles of Association/Bylaws: documentation outlining the governance structure and operating rules of the entity;
5.4.2.3. Company Extract or Registry Certificate: proof of company registration from the applicable national business registry, including the company’s directors, officers, and shareholders;
5.4.2.4. Proof of Business Address: recent utility bill, bank statement, or lease agreement issued to the company’s registered business address;
5.4.2.5. Proof of Ownership/Shareholding: documents showing the ownership structure of the company, such as share certificates or shareholder agreements;
5.4.2.6. List of Directors and Officers: a complete list of the company’s directors and officers, including their names and positions;
5.4.2.7. Ultimate Beneficial Owner (UBO) Declaration: a declaration identifying the ultimate beneficial owners of the company, i.e., individuals who own or control a significant percentage of the business;
5.4.2.8. Financial Statements: recent audited financial statements, bank statements, or tax returns that demonstrate the company's financial standing; and
5.4.2.9. Business Licence: if applicable, proof of the entity's authorization to conduct business activities in its jurisdiction.
5.5. The passing of the KYC/AML requirements is mandatory for Users to get full access to all the functionalities of the Platform and the Services.
5.6. The collection and use of personal data during the KYC/AML process is governed by the Privacy Policy, available at https://docs.homnifi.com/legal-docs/privacy.
6. WALLET AND TOKEN MANAGEMENT
6.1. Non-Custodial Nature: the Platform operates as a non-custodial wallet, meaning Users retain full control over their tokens, including but not limited to LYK, mLYK, and sLYK. Homnifi does not hold or store tokens on behalf of Users.
6.2. Deposits and Withdrawals: you can deposit tokens into your wallet by transferring them from external sources, and you may withdraw tokens to external wallets (following a withdrawal request on the Platform). Withdrawal requests are subject to a flat network fee and a percent-based commission. Withdrawals will be processed via smart contracts, and Homnifi is not liable for delays caused by network congestion or technical failures. The tokens Users are allowed to withdraw are USDK-W, sLYK and LYK-W.
6.3. Internal Transfers: you may conduct internal transfers between Users on the Platform. These transfers are instant and secure, but Homnifi does not guarantee the completion of transactions initiated by external factors (e.g., third-party networks or smart contract errors).
6.4. Additional Tokens: Homnifi reserves the right to introduce or discontinue additional tokens at any time. Any changes to the tokens in use will be posted on the Homnifi website under the section “Wallet on Homnifi” (available at https://homnifi.com/).
6.5. Unauthorised Token Transactions: Homnifi disclaims all liability for unauthorised token transactions facilitated by third-party websites or platforms not affiliated with Homnifi. Any third-party website or service that facilitates the assignment, transfer, or sale of the Platform’s tokens, or that claims to handle transactions involving the Platform’s tokens (and is not expressly authorised by Homnifi within these Terms), is not affiliated with or endorsed by Homnifi. Homnifi disclaims any legal or commercial relationship with such third-party websites or services.
7. ACCESS TO PRODUCTS AND FEATURES
7.1. Homnifi operates as an interface that facilitates the connection and visualisation of several Partner Websites products and services. Homnifi does not offer products or services of its own but acts as a platform enabling access to various applications from a single interface.
7.2. By using the Platform and these Partner Websites services, Users agree to be bound by these Terms and any applicable terms of Partner Websites (before interacting with those services). Homnifi connects Users with various third-party services, including:
7.2.1. Horysmall
Homnifi facilitates the shopping features available on the Horysmall section of the Platform. Through Horysmall, Users can engage in purchasing products and making payments. Payment options include, but are not limited to, USDK Balance and USDK PROMO. Additionally, Users have the flexibility of utilizing a combination payment method, allowing multiple currencies to be used for payment. Please note that the commission points and volume points associated with combination payments may be adjusted at the sole discretion of Horysmall. For further details regarding accepted currencies, visit http://app.homnifi.com/. For information on payment methods and applicable commission points, refer to the Horysmall documentation website available on https://docs.horysmall.com/horys-mall/purchasing-products. Website: [www.horysmall.com]
7.2.2. WalleK
WalleK is a separate webpage accessible via the Platform, which provides Users with the ability to securely connect wallets and explore blockchain projects. Users may participate in new cryptocurrency projects[1] by holding and staking tokens for a specified period and referring friends. Users can also gain access to early-stage special coins through WalleK, Rampstarter, and other launchpad platforms. Website: https://wallek.io/
7.2.3. Rampstarter
Rampstarter is a feature that allows users to access and support high-potential blockchain projects. With Web3 accessibility, Rampstarter provides users with tools to analyse vetted crypto and blockchain ventures. Users can support projects based on their individual goals and preferences in the Web3 space. Website: https://rampstarter.com/
7.2.4. QuantWise
QuantWise is a platform providing Users with resources and tools for education and market analysis in the cryptocurrency industry. QuantWise offers live training, industry reports, and market updates. Through advanced AI-driven tools, QuantWise helps Users make smarter decisions and stay at the forefront of the evolving crypto market. Website: https://quantwise.ai/
7.2.5. CloudK 2.0
CloudK 2.0 is an internal feature of the Platform that provides blockchain support services through the CloudK protocol. By combining physical hardware and LYK tokens for a specified period, CloudK 2.0 supports the operations of the blockchain network. The service issues daily minting rewards to participants and provides an option for reallocating rewards to promote organic growth while enhancing security and decentralisation of the network. Website: https://layerk.com/
7.2.6. NodeK 2.0
NodeK 2.0 operates similarly to CloudK 2.0, offering blockchain network support via the NodeK protocol. This service involves physical hardware combined with LYK tokens and distributes daily minting rewards to participants. The rewards can be reallocated to foster organic growth and reinforce security and decentralisation. Website: https://layerk.com/
7.3. By accessing and using the third-party services and applications through the Platform, you agree to comply with these Terms and the terms and conditions of those services in their entirety. Users acknowledge that they have read, understood, and agreed to all terms and obligations contained herein, and are required to comply with all the specifications and terms set out by both Homnifi and the Partner Websites. Homnifi does not control or guarantee the performance or legality of third-party services.
7.4. In order to access all of the features and platforms mentioned above, users are required to pay theHomniAccess membership fee. Without payment of this fee, access to full platform functionality and third-party services will be restricted. Homnifi reserves the right to suspend access to any features if the membership fee is not paid.
8. EXTERNAL APPS MARKETPLACE
8.1. External Applications
Homnifi facilitates access to external applications (e.g., Web3 applications). These third-party apps are not controlled by Homnifi, and we make no representations regarding their security, reliability, or legality.
8.2. Assumption of Risk
By using external apps, you acknowledge that such apps are outside of Homnifi's control. Homnifi disclaims all responsibility for any loss, damage, or security breaches arising from the use of external applications.
9. PAYMENT METHODS AND TRANSACTION FEES
9.1. Payment Options: Users may use USDK and other tokens supported by the Platform to make payments for products and services. Combination payments using multiple currencies are allowed but are subject to commission adjustments at Homnifi’s discretion.
9.2. Transaction Fees: all transactions, including internal transfers and withdrawals, are subject to network fees and commission charges as applicable. Fee schedules will be published by Homnifi on the Platform.
10. COMPUTING DEVICE ACQUISITION
Users may acquire computing devices via the In-House method (device operated by the Platform) or the Delivery method (device delivered to the User). Fees associated with these methods will be disclosed at the time of acquisition. Homnifi disclaims all liability for delays or issues arising during the shipping or setup of computing devices.
11. RISKS
11.1. By accessing the Platform and the Services, Users acknowledge and accept the inherent risks associated with the use of the Platform and the Services. We diligently strive to furnish state-of-the-art systems and implement robust security measures. Nonetheless, certain issues and risks are unavoidable. If such issues or problems arise in connection with your use of our Platform or the Services, resolution timelines may vary, and certain issues may remain unresolved. By agreeing to these Terms, you acknowledge that Homnifi is not responsible for the aforementioned risks.
11.2. Users are solely responsible for assessing the Services prior to utilisation, and all transactions facilitated through the Services are irreversible, conclusive, and non- refundable. The Services may be disabled, disrupted, or adversely affected by sophisticated cyber-attacks, increases in activity, computer viruses, and/or other operational or technical challenges, among other factors. Homnifi explicitly disclaims any ongoing obligation to notify Users of all potential risks associated with using and accessing our Services. By utilising the Platform and the Services, Users acknowledge and accept these risks, and they agree not to hold Homnifi liable for any resulting losses.
11.3. For further information on Homnifi’s associated risks, please refer to our Risk Disclosure Policy available at https://docs.homnifi.com/legal-docs/risk-disclosure.
12. INTELLECTUAL PROPERTY RIGHTS
12.1. All intellectual property rights, including but not limited to copyrights, trademarks, design rights, patents, and trade secrets, in the Platform and Services are owned by Homnifi or our licensors. You are granted a limited, non-exclusive, non-transferable, and revocable licence to use the Platform and Services for your personal, non-commercial use only.
12.2. You may not reproduce, modify, distribute, create derivative works from, reverse-engineer or use any part of the Platform for commercial purposes without prior written consent from Homnifi. Unauthorised use may result in the termination of your account and legal action.
13. PROHIBITED ACTIVITIES
13.1. As a condition of using the Platform and the Services, Users agree not to:
13.1.1. Use thePlatform or the Services for any unlawful purposes or in violation of any applicable laws.
13.1.2. Misuse or attack the Platform by knowingly introducing viruses, trojans, worms, logic bombs, or any other material that is malicious or technologically harmful (such as but not limited to denial-of-service attack).
13.1.3. Post false, inaccurate, misleading, defamatory, unlawful, harassing, libellous, privacy-invading, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable content on our Platform or through our Services and in any other kind of social media platforms or private websites.
13.1.4. Use, copy, reproduce, modify, translate, publish, broadcast, transmit, distribute, perform, upload, display, licence, sell, or otherwise exploit for any purpose any content of the Platform not owned by them in a way that violates someone else’s rights.
13.1.5. Impersonate another person or entity or misrepresent your affiliation with any person or entity.
13.1.6. Attempt to gain unauthorised access to our Platform, the server on which our Platform is stored, or any server, computer, or database connected to our Platform.
14. DATA PRIVACY
14.1. The collection and use of personal data are governed by our Privacy Policy available at https://docs.homnifi.com/legal-docs/privacy. By using the Platform or the Services, you consent to our collection, processing, and use of personal data in accordance with the Privacy Policy.
14.2. Homnifi takes all necessary steps to protect your data but cannot guarantee that unauthorised third parties will not be able to circumvent our security measures.
15. PARTNER WEBSITES AND SERVICES
15.1. The Site contains links to Partner Websites and third-party services that are not owned or controlled by Homnifi. Homnifi is not responsible for the content, privacy policies, or practices of third-party websites or services.
15.2. Homnifi makes no representations or warranties about the reliability of Partner Websites or third-party services, and Users should review third-party terms and conditions before using such services.
16. WARRANTIES DISCLAIMER
16.1. Homnifi provides the Platform and the Services “as is” and “as available” and makes no warranties of any kind, express or implied, regarding its functionality, merchantability, security, reliability, fitness for a particular purpose or non-infringement. Users assume all risks associated with the use of the Platform, the Services and the Digital Assets.
16.2. Homnifi does not warrant that (i) thePlatform will function uninterrupted, secure, or available at any particular time or location, or will be error-free or free of harmful components; (ii) any errors or defects will be corrected; (iii) the Platform is free of viruses or other harmful components; (iv) any content and data will be secure or not otherwise lost or damaged; (v) the results that may be obtained from the use of the Services will be accurate or reliable; or (vi) the results of using the Platform will meet your requirements or expectations. You assume all risks associated with the use of the Platform or the Services, including but not limited to the risk of data loss or exposure due to security breaches or software bugs.
17. ACCURACY OF INFORMATION
17.1. Homnifi endeavours to ensure the accuracy, currency, and bug-free nature of the Platform, but shall not be held responsible for any failure attributable to causes beyond its control. Homnifi does not guarantee that the Platform is suitable for any specific purpose. Users’ reliance on the information provided on the Platform is at their own risk.
17.2. Homnifi reserves the right to suspend or terminate access or operation of the Platform or the Services at its discretion. Any content on the Platform is for general informational purposes only, providing information about us, our products, news, features, services, and other Partner Websites services that may be of interest. However, this content has not been tailored to the Users specific requirements or circumstances and does not constitute technical, financial, legal advice, or any other type of advice. It should not be relied upon for any purpose. Users should exercise their independent judgement when using our Platform and its content.
17.3. Homnifi strives to keep the Platform and the Services available for Users, but it does not guarantee uninterrupted access or consistent availability.
18. LIMITATION OF LIABILITY
18.1. To the fullest extent permitted by law, Homnifi and itsaffiliates, officers, directors, employees and agents shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or related to your use or inability to use the Platform or the Services, including but not limited to loss of revenue, profits, data or Digital Assets, even if Homnifi has been advised of the possibility of such damages.
18.2. In no event shall Homnifi’s total liability exceed the greater of the amount you have paid for the Services and the HomniAccess membership fee in the last 12 (twelve) months regardless of the form of action, whether in contract, tort (including negligence), strict product liability or any other cause of action or legal or equitable theory.
19. INDEMNIFICATION
19.1. Users (herein referred to as the “Indemnifying Parties”) agree to indemnify and hold harmless Homnifi and its affiliates, officers, directors, employees and agents (herein referred to as the “Indemnified Parties”) from and against any and all claims, demands, suits, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees and court costs) arising out of or related to their (i) use of the Platform or the Services, (ii) violation of applicable laws, regulations, or governmental requirements or (iii) breaches of these Terms or infringement of any rights of another.
19.2. The Indemnifying Parties indemnification obligations are contingent upon the Indemnified Parties:
19.2.1. Promptly notify the Indemnifying Party of any claim or potential claim subject to indemnification;
19.2.2. Cooperating fully with the Indemnifying Party in the defence or settlement of any such claim; and
19.2.3. Allowing the Indemnifying Party to control the defence and settlement negotiations, provided that the Indemnifying Party acts reasonably and in good faith.
19.3. This indemnification clause shall survive the termination or expiration of these Terms. The Indemnifying Parties indemnification obligations herein are not subject to any limitation of liability or exclusion of consequential damages set forth in these Terms. This clause is a material provision of these Terms, and both parties acknowledge and agree to its significance.
20. FORCE MAJEURE
Homnifi shall not be held liable for any failure to comply with these Terms due to circumstances beyond our reasonable control, including but not limited to governmental actions, acts of terrorism, war, fires, disruptions in telecommunications or internet services, network provider issues, software malfunctions, network-wide compromises, hacking, strikes, labour disputes, accidents, civil or military disturbances, or other catastrophic events. In no Force Majeure event shall Homnifi be responsible for inaccuracies, errors, delays, omissions, service disruptions, or interruptions in the Platform or the Services, whether in transmission or delivery of information as required by these Terms.
21. TERMINATION
21.1. Homnifi reserves the right, at its sole discretion, to suspend or terminate your access to the Platform or the Services at any time, for any reason, including but not limited to a violation of these Terms or to ensure compliance with applicable law or protection of third-party rights and interests.
21.2. Users acknowledge and agree that having their access to the Platform and Services terminated for any reason may lead to loss of assets without any rights and/or reparations against the Homnifi, its shareholders, directors, employees, partners or any associated entity.
21.3. Homnifi retains the right to report individuals to the appropriate authorities, and invoke remedies as permitted by applicable laws in cases where prohibited activities are identified
21.4. Upon termination, your right to use the Platform and the Services will immediately cease.
22. SEVERABILITY
If any provision of these Terms is found to be unenforceable or invalid, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.
23. ENTIRE AGREEMENT
These Terms, together with all Homnifi’s policies and any additional terms, constitute the entire agreement between you and Homnifi concerning the use of the Platform and the Services. Any prior agreements or understandings, whether oral or written, are superseded by these Terms.
24. MODIFICATIONS TO TERMS
24.1. Homnifi is consistently engaged in the ongoing development and improvement of the Platform and the Services and reserves the right to unilaterally amend or update these Terms at any time. We will post any updates of the Terms to the Platform. Continued use of the Platform and the Services constitutes acceptance of the modified Terms.
24.2. Amendments to these Terms will take effect immediately upon posting on the Platform. It is your responsibility to review these Terms regularly to ensure you are aware of any changes.
25. GOVERNING LAW AND DISPUTE RESOLUTION
25.1. These Terms are governed by and construed in accordance with the laws of the British Virgin Islands without regard to conflict of law principles.
25.2. Homnifi strives to expeditiously and effectively address any disputes with Users. If the User wishes to file a complaint, kindly contact us at support@app.homnifi.com.
25.3. Any disputes arising from or relating to these Terms shall be subject to the exclusive jurisdiction of the courts of the British Virgin Islands.
26. CONTACT INFORMATION
For any questions or concerns regarding these Terms, please contact Homnifi at support@app.homnifi.com
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