Terms and Condition
Overview
The Homnifi platform offers a comprehensive suite of features designed to streamline and secure user interactions, manage transactions and ensure compliance with regulatory standards. By using Homnifi, you agree to abide by the following terms and conditions.
Acceptance of Terms
These general Terms and Conditions govern the decentralized Web3 services provided by Homnifi International LTD, a limited liability company incorporated in the British Virgin Island, to its customers through the Homnifi platform.
By registering, accessing or using the Homnifi platform (hereinafter Platform), you agree to be bound by these Terms and Conditions. If you do not agree, please refrain from using our services.
Account Registration and Security
By signing up to the Platform, you are eligible to access the features and services of the Platform.
To register as a user, you must provide the Platform with certain necessary information to register your account, such as your e-mail address, password and other required details and pay the yearly membership fee of $ 39 (thirty-nine US dollars) which is called HomniAccess.
Upon registering as a user, e-mail confirmation is required to ensure the authenticity of the provided e-mail address.
User Log-in
The purpose of the log-in is to enable existing users to access their accounts securely.
To log in, the user must enter their registered e-mail address and password (multi-factor authentication).
If the user wishes to take maximally effective measures for enhanced security, multi-factor authentication options are available upon logging in and this is also mandatory after a while to ensure account security.
Compliance, Membership and Verification
The Platform has the right to request further information in order to comply with anti-money laundering and terrorism financing (hereinafter AML) laws and conduct a know-your-client (hereinafter KYC) process. This is done to ensure compliance with regulatory requirements by verifying the identity of the users.
The AML and KYC procedures are done mainly by collecting personal information and business information (e.g. company name, registration number) and document verification (e.g business license, corporate documents).
If you do not provide the requested information and do not pay the yearly HomniAccess membership fee, you do not pass the AML and KYC procedures. The passing of the KYC requirements is mandatory for users to get full access to all the functionalities of the Platform.
Wallet Management
The tokens of the Platform are LYK, mLYK and sLYK. By using the deposit function, the user is able to add tokens to their Platform wallet. The user can deposit tokens by transferring from an external wallet to their Platform’s Wallet.
The tokens to be withdrawn are LYK, mLYK and sLYK. By using the withdraw function, the user is able to withdraw tokens from their Wallet. The user can withdraw tokens and transfer them to an external wallet, following a withdrawal request on the Platform.
Withdrawal requests are subject to verification and approval processes, which are done through the Platform.
An external withdrawal shall have a flat network fee and a percent-based commission on the withdrawal amount added to it. An internal withdrawal fee and commission shall be calculated and displayed as defined for external withdrawals.
In addition to depositing and withdrawing, internal transfers can be done on the Platform. By using the internal transfer function, the Platform facilitates the transfer of tokens between users within the Platform. Users can send tokens to other Platform users, with the Platform ensuring quick and secure internal transactions.
Homnifi has the right to create additional tokens to be used on the Platform. Up-to-date information regarding the tokens currently in use on the Platform is available on the Homnifi website under the tab “Wallet on Homnifi”.
Any third-party website or service that facilitates the assignment, transfer of the Platform’s tokens or the receipt of the purchase for the Platform’s tokens, which is not expressly included in these general Terms and Conditions, is not authorized by the company and under no circumstances do they have any legal or commercial relationship with the Platform.
Access to Additional Products and Features
WalleK is a separate webpage, which provides a platform to securely connect wallets and explore blockchain projects. By holding tokens for a set period and referring friends, users can participate in new cryptocurrencies on WalleK, Rampstarter and other launchpad platforms. Users can also get chances to buy new special coins early by keeping their tokens in the platform and referring friends.
Rampstarter is a separate feature/platform, which allows users to access and support high-potential blockchain projects. Rampstarter has Web3 accessibility, making it accessible to everyone. Via Rampstarter, users can analyze vetted crypto and blockchain ventures. Rampstarter enables users to support projects based on their personal goals within the Web3 space.
QuantWise is a separate feature/platform, which provides resources and tools for education regarding cryptocurrency and market analysis. Via QuantWise, it is possible to access live training, industry reports and market updates. QuantWise uses advanced AI-driven tools for smarter decision-making. The extensive support and resources of QuantWise are used to stay at the forefront of the crypto industry.
Cloudk 2.0 is used inside the Platform providing a service of locking up LYK tokens for a specified period to support the blockchain network’s operations. Cloudk 2.0 distributes daily rewards to participants on a daily basis. The Cloudk 2.0 service provides the option to reallocate rewards for organic growth and enhances security and decentralization of the blockchain network.
In order to access all of the aforementioned features/platforms, the user has to have paid the Homni Access membership fee.
By using the Platform, it will be considered that the user has accepted these Terms and Conditions in their entirety and has therefore previously read and understood each and every one of the terms herein, and is obliged to comply with all the specifications set out in them.
External Apps Marketplace
The Platform provides its users with access to a variety of external applications to enhance the user’s Platform experience. The Platform uses featured apps, promoted by the Platform for their quality and relevance, and a wide array of other Web3 applications that users can explore and utilize.
Computing Device Acquisition
Users can acquire Computing Devices through an In-House method and a Delivery method. By using the In-House method, users only pay for the product which is kept and run by the Platform. By using the Delivery method, the users pay for both the product and delivery, after which the product is delivered to them. Initially, all products will be in-house.
Changes to the Terms and Contact Information
Homnifi reserves the right to modify these Terms and Conditions at any time. Any changes will be posted on our website and users will be notified. Continued use of the Platform constitutes acceptance of the modified Terms and Conditions.
For any questions regarding these Terms and Conditions, please raise a ticket within the Platform and our support team will take care of you. [https://support.homnifi.com/support/home ]
Applicable Law and Jurisdiction
These Terms have been drawn up in accordance with the laws of the BVI and the application, interpretation, and termination shall be governed by the laws of the BVI.
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