The User is solely responsible for understanding and complying with any and all laws, rules and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of any and all services, products and content of Worldconsortium.
You should be aware that the risk of loss transactions or holding Digital Currencies (tokens) can be high. Digital currency services are not currently regulated in most countries (by financial authorities or any other regulator). You should therefore carefully consider whether transactions or holding Digital currencies are suitable for you in light of your financial condition and possible risks.
Account: means an account, registered by the User on the Worldconsortium’s Platform.
Buyer: means the User, who buy Digital tokens through the Platform (Worldconsortium’s Software).
Digital token or Digital asset: means peer-to-peer digital representation of value – products, commonly known as cryptographic tokens or digital tokens.
Deposit: means a transaction involving a transfer of funds to the Account.
Deposit of Platform’s Internal Token(s): means a purchase of Platform’s Internal Sfor token (s) by User from the Worldconsortium at a set price with depositing of bought Platform’s Internal token(s) on User’s account.
External Wallet: means a Digital currency or Fiat wallet that is not part of the Worldconsortium’s platform but which may be indicated on the Worldconsortium’s platform.
Fiat currency: means government-issued currency, which is regulated in its country of issuance through government regulation or law.
Fiat currency storage service: means service, delivered by a third party, holding an appropriate financial license, which includes holding of User’s Fiat currency on External Wallet of User.
Platform’s Internal token: means blockchain based Digital token SFOR, created and operated by the Worldconsortium, which could be used only for transactions on Worldconsortium platform.
Platform: means an appropriate environment (including software), created and/or operated by the Worldconsortium, which allows send and receive transactions and/or to provide other Services.
Seller: means the User who sell Digital tokens through the Platform (Worldconsortium’s software).
Services: means all and any service provided by Worldconsortium.
Website or Site: means Worldconsortium’s website at https://Worldconsortium.org
Storage fee: means fee, charged for Storage service.
Storage service: means service, provided by Worldconsortium, which includes storing of balances from the abandoned Accounts (Account not used 1 year or more).
Withdrawal: means a transaction involving a transfer of Funds from the User’s Account.
Withdrawal of Platform’s Internal Token(s): means a purchase of Platform’s Token(s) by Worldconsortium from User. Worldconsortium does not provide any guarantees as for existence or keeping of certain withdrawal options and/or directions for the Platform’s Token.
By registering an Account, the User expressly represents and warrants that he/she:
If User is entering into these Terms on behalf of a legal entity of which he/she is an employee or agent, User represents and warrants that he/she has all necessary rights and authority to bind such legal entity.
By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions (and/or restrictions) lists, such as the UN Security Council Sanctions list.
Worldconsortium maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion. Depending on the User’s place of residence (and/or other legal facts), the User may not be able to use all the functions of the Website.
It is the User’s responsibility to follow those rules and laws in his/her place of residence and/or place from which the User accesses this Website. The User must understand that technical possibility to use the appropriate Services on the Platform (Worldconsortium’s software) doesn’t mean that such a use is legal for him/her.
The User is solely responsible for understanding and complying with any and all laws, rules and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of any and all services, products and content of Worldconsortium.
Please note that not all our Services are available in every country. In particular, Worldconsortium does not provide Services to citizens or residents of countries that are blacklisted by FATF.
Depending on the User’s place of residence, there might be other factors which might limit the Users in using the Services fully or in part. It is your responsibility to follow those rules and Laws in your place of residence and/or place from which you access the Site and/or the Platform.
Attention to users, in particular to сountries where initial distribution or secondary transactions of certain digital currency (traded on this platform and/or via the Worldconsortium’s software) is (would be) contrary to any law or regulation or demands any registration, licensing or other authorization, etc. of entity, person, digital currency and/or demands from entities (persons), managing this platform to perform other legal deeds.
The appropriate digital currency, traded on this platform and/or via Worldconsortium’s software (in particular, token, which could be considered as securities by sec) is not intended for purchase/sale and/or distribution to, or use by any person or entity in any jurisdiction or country, where such purchase and/or distribution and/or use is (would) be contrary to any law or regulation, or which would oblige (would subject) an issuer/seller/buyer of such digital currency (traded on this platform and/or via the Worldconsortium’s software) and/or Worldconsortium and/or entity (including their affiliates) creating/maintaining this website to any registration, licensing or other authorization requirement within such jurisdiction or country.
Worldconsortium provides an online Digital currency (asset) transaction platform for Digital Tokens. Worldconsortium functions as a trading platform provider and not as a buyer or seller in trades made between Users. The User acknowledges and agrees that, when completing transactions, he/she is in contact with other Users, and that Worldconsortium acts only as a provider of technical services (the Platform and/or Worldconsortium’s software) in such transactions, not as the counterparty to any trade (excluding moments of deposit and withdrawal of assets).
As an exception to the above Worldconsortium reserves the right to sell to Users the Platform’s Token(s) while Deposit of Platform’s Token(s) and/or to buy the Platform’s Token(s) while Withdrawal of Platform’s Token(s).
Worldconsortium strives to maintain the accuracy of information on the Website (Platform) and/or given while providing of the Services, however Worldconsortium cannot and does not guarantee the accuracy, suitability, reliability, completeness, performance or fitness for any purpose of the content made available through the Website (Platform), Services, and will not be liable for any loss or damage that may arise directly or indirectly from your use of such content. Information on the Services can be subjected to change without notice and is provided for the primary purpose of facilitating users to arrive at independent decisions. Worldconsortium does not provide investment or advisory advice and will have no liability for the use or interpretation of information. All users of the Services must understand that there are risks involved in transactions in Digital Currencies. Worldconsortium encourages all users to exercise prudence and use platform responsibly within their own means.
Worldconsortium is not responsible: - for the delay in the processing of payments made by the fault of any third parties, operators of such transactions; - for any malfunction, breakdown, delay or interruption, including but not limited to, caused directly or indirectly by blockchain environment and its processes, nodes etc., and/or caused by the Internet connection or any reason why our Website and/or Platform (Services) are unavailable at any given time.
In the case of fraud, Worldconsortium undertakes to report all the necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law.
Worldconsortium reserves the right to cancel transactions obviously made by mistake. The cancelation can be made based on request of interested User and/or decision of Worldconsortium and only if an appropriate technical possibility exists in case if mistake made is absolutely obvious. This right couldn’t be considered as an obligation and/or a guaranty of Worldconsortium.
Worldconsortium does not provide any financial, investment or legal advice in connection with the Services provided by Worldconsortium. Worldconsortium may provide news of the Platform, information on the price and events that have affected the price of Digital token and/or links to trading ideas of third parties (persons), but it should not be considered as an investment or financial advice and should not be construed as such. Any decision to buy or sell Digital token is the User’s decision and Worldconsortium will not be liable for any loss suffered.
No communication or information provided to User by Worldconsortium is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. User is solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for him/her based on his/her personal investment objectives, financial circumstances and risk tolerance. User should consult legal or tax professional regarding specific situation. Worldconsortium does not recommend that any Digital Token should be bought, sold, or held. Before making the decision to buy, sell or hold any Digital Token, User should conduct his/her own due diligence, study documents (terms and conditions, white paper, etc.) related to Digital token and consult financial advisors before making any investment decision. Worldconsortium will not be held responsible for the decisions User make to buy, sell, or hold Digital Token based on the information provided by Worldconsortium.
The User has to comply with any and all applicable laws and regulations related to the use of the Services.
The User agrees that, whenever the transaction is made, the Platform sends and receives the Digital tokens to/from the Buyer’s and the Seller’s Accounts.
The User has to inform Worldconsortium immediately of any unauthorized use of his/her Account or password, or any other breach of security by email. Any User who violates the mentioned rules held liable for any losses incurred by Worldconsortium or any user of the Site, his/her Account may be suspended.
The User undertakes not to use the Service to perform criminal and/or not legal activity of any sort, including but not limited to, money laundering, financing terrorist organizations, or malicious hacking.
Users are solely responsible for determining whether any contemplated transaction is appropriate for them based on their personal goals, financial status and risk willingness.
All payment instruments (methods), used to deposit/withdraw funds to/from User’s Account (bank account, credit card, debit card, or others) must be personalized and owned by the Account holder. Any attempt otherwise will (or can) be recognized as fraud.
The User represents and warrants that he/she will only use the Platform to perform transactions in accordance with the conditions set forth in these Terms and that they are duly authorized and have the capacity to enter into the transactions on the Platform.
The User represents and warrants that tokens held on his/her Account on the Platform belong to the User and derived from legal sources.
The User represents and warrants than he/she will withdraw any Digital token from his/her Account only to his/her wallets, otherwise Worldconsortium does not hold any liability for the consequences of such withdrawal. A mistake in requisite of the User’s wallet while transaction may cause the loss of appropriate tokens without any responsibility and/or coverage from Worldconsortium.
The User represents and warrants that all transactions being carried out do not violate the rights of any third party or applicable laws.
The User undertakes to pay all his/her taxes and duties, which can be resulted from the use of Worldconsortium Services and should be paid according to the User’s state of residence regulations. Worldconsortium is not responsible for any violation made by the User due to his/her obligation to calculate and pay taxes and duties. The User has to refrain from transactions on the Platform related to tax offences and/or violations.
Examples of such actions include, but are not limited to:
Any statements made on Platform, in Worldconsortium’s software or in information provided by Worldconsortium do not constitute investment advice.
Worldconsortium is not liable for any errors or omissions or oversights.
You are not entitled to a refund at any time or for any reason.
There are risks associated with utilizing an internet-based platform including, but not limited to, the failure of hardware, Services software, and internet connections. You acknowledge that Worldconsortium shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the services.
Hackers or other groups or organizations may attempt to steal your Digital Assets or the revenue from your transactions.
Digital Assets transactions are irrevocable and stolen or incorrectly transferred Digital Assets may be irretrievable. As a result, any incorrectly executed Transaction could adversely affect the value of your Wallets. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of Digital Assets or a theft of Digital Assets generally will not be reversible and there may be no compensation for any such transfer or theft.
The risk information presented here does not reflect all of the risks or other important aspects of your transactions via the Services (including related to the nature and performance of any products available on the Platform). Therefore, before starting to use the Services, you should learn the specifics of such transactions and possible underlying assets in detail or seek further professional advice. Please consider these risks carefully and seek professional advice if anything in this section or in the general is not clear to you. Do not use the Services until you are sure that you correctly understand all the associated risks.
Digital Assets have varying degrees of liquidity. There is never a guarantee that there will be an active market for one to sell or buy Digital Assets or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. Worldconsortium makes no representations or warranties about whether a Digital Asset that may be traded on the Site any point in the future, if at all. Any Digital Asset is subject to delisting without notice or consent. Values in any digital asset marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their holdings, and how they may be impacted by sudden and adverse shifts in market activities.
The legal status of certain Digital Assets may be uncertain. This can mean that the legality of holding or asset transfer is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear.
Participants are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law.
When you finance a purchase or sale of Digital Assets, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the Digital Asset you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations.
Before buying or transfer Digital Asset User has to read (study) carefully and to understand the documents related to such Digital asset (e.g. terms and conditions, white paper, road map etc.).
Identification and verification procedures (also known as 'Know Your Customer' or 'KYC') are required. If the User refuses to provide required documents and information under KYC, Worldconsortium reserves the right to immediately terminate the Services provision to the User.
The User undertakes to provide Worldconsortium with correct and relevant documents and personal information contained therein. In case the User provides counterfeit documents and/or false personal information, such behavior will be interpreted as a fraudulent activity – in that case Worldconsortium reserves the right to immediately terminate the Services provision to the User and/or to suspend the Account.
If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, Worldconsortium shall have the right to send you a notice to demand corrections, request additional information, remove relevant information directly and, as the case may be, terminate all or part of the Services to you. You shall be solely and fully responsible for any loss or expenses incurred during the use of Services if you cannot be reached through the contact information provided.
Worldconsortium is vigilant in maintaining the security of the Site and the Service. By registering with Worldconsortium, the User agrees to provide Worldconsortium with actual (up to date), accurate and complete personal information as prompted by the registration process and to keep such information updated.
The User is allowed to register only one Account on the Platform. Thus, any additional Account may be suspended.
The User agrees that he/she will not use any Account other than their own or access the Account of any other User at any time, or assist others in obtaining unauthorized access - if the User breaches it, Worldconsortium reserves the right to suspend/freeze his/her account.
Worldconsortium reserves the right to set and/or recommend amount limits for the Account funding/withdrawal. Worldconsortium may set and/or recommend daily, monthly and per one-transaction amount limits but is not obliged to do it.
The User is responsible for maintaining the confidentiality of information on their Account, including, but not limited to their password, email, wallet address, wallet balance and of all activities including transactions made via their Account. If there is any suspicious activity related to the User’s Account or in accordance with its internal policies, Worldconsortium may request additional information from the User, including authenticating documents and freeze the Account for the review time. The User is obligated to comply with these security requests or accept termination of their Account.
Creation or use of the Accounts without obtaining a prior permission from Worldconsortium will result in the immediate suspension of all respective Accounts, as well as all pending buy/sell orders. Any attempt to do so or to assist others (Users or other third parties), or distribution of instructions, software or tools for that purpose will result in termination of such Users’ Accounts. Termination is not an exclusive remedy for such a violation and Worldconsortium may decide to take further action against the User.
Abandoned Accounts with zero balances may be deactivated.
The Platform allows the User to send and receive Digital tokens.
The User recognizes that transactions should only be submitted after careful consideration and the User understands and accepts consequences of its execution. The User agrees that as soon as transaction is executed, it cannot be canceled. Transactions will be executed instantly.
The User acknowledges and agrees that if the transaction recipient is incorrect or the reference number is incorrectly specified, the User may lose the deposit or at least the processing speed of such requests will be made with low priority.
Minimal and maximal order amount and/or other restrictions (limits) for transactions may be set. Restrictions (limits) may depend on other details.
The User acknowledges and agrees that Deposit and Withdrawal transaction may be delayed due to some verifications and checks (performed by Worldconsortium or appropriate third parties).
Unverified users are not allowed to withdraw any Digital assets from their Account until the verification process has been completed.
In case if the User discovers transaction activity, including but not limited to unknown deposits and withdrawals, on their Account that was not initiated by the User, the User shall immediately notify Worldconsortium of this fact and follow the instructions sent by Worldconsortium. Otherwise, Worldconsortium reserves the right to freeze the Account until the end of investigation.
Worldconsortium may be forced to cancel or recall already executed Withdrawal transaction at a request of financial institutions, including but not limited to banks, which are involved in settlement of such transactions. In such cases the User obliges to cooperate with Worldconsortium in order to discover the reasons for such request.
Worldconsortium reserves the right to set the minimal and/or maximal deposit amount hold by the User on the Platform. If the amount is less and/or higher than specified, the funds will not be credited to the User's Account.
The minimal fee equals to minimal currency amount. The fee is charged with a rounding in the favor of the Platform.
The fees, other charges, as well as the charge procedure can be changed/reviewed unilaterally by Worldconsortium from time to time and such changes shall become effective the moment they are posted on the Site.
The Storage fee may be charged by Worldconsortium for storing Digital token until assets are claimed back by the User or the Account goes to a zero balance. The Storage fee (if applicable) is set in the Fee Schedule page. The Storage fee is charged on a daily basis. Worldconsortium has the right to change the Storage fee unilaterally.
Worldconsortium reserves the right to suspend or terminate your Account on the Platform at any time if we reasonably believe to be required to do so by the law or in order to comply with recommendations issued by a relevant government authority or recognized body for the prevention of financial crime.
It is strictly forbidden to use the Account for any illegal purposes. Worldconsortium will report any suspicious activity to the relevant law enforcement. The User shall ensure that they do not use the Services for the transactions relating to:
The User is responsible for maintaining the confidentiality of their Account’s credentials, including, but not limited to a password, email, wallet address, balance and of all activity including transactions made through the Account.
Worldconsortium personnel will never ask the User to disclose their password. Any message the User receives or website that he/she visits that asks for the password, other than the Worldconsortium’s Site, should be reported to Worldconsortium. Before each using of the Website the User has to check (ensure) that he/she is using a genuine website.
We advise to change the User’s password regularly in order to reduce the risk of a security breach in relation to the Account. The User must never allow anyone to access his/her Account or watch the User accessing his/her Account. If the User has any security concerns concerning his/her Account, login details, (password or other security feature being lost, stolen, misappropriated, used without authorization or otherwise compromised), the User is advised to change the password immediately. The User must contact support service without undue delay on becoming aware of any loss, theft, misappropriation or unauthorized use of the Account, login details, password or other security features. If the User suspects that someone else accessed his/her Account, the User should also contact an appropriate government agency and report the incident.
The User must take reasonable care to ensure that his/her email account(s) are secure and only accessed by the User, as his/her email address may be used to reset passwords or to communicate with the User about the security of the Account. Worldconsortium cannot be liable for the breach of an email account resulting an unauthorized transaction to be executed with proper confirmation. In case any of the email addresses registered with the User’s Accounts is compromised, the User should without undue delay after becoming aware of this contact Support Service and also contact his/her email service provider.
Irrespective of whether the User is using a public, a shared or his/her own computer to access the Account, the User must always ensure that his/her login details are not stored by the browser, cached or otherwise recorded. The User should never use any functionality that allows login details or passwords to be stored by the computer he/she is using.
Additional products or services the User uses may have additional security requirements and the User must familiarize with those as notified to him/her.
We strictly recommend to use additional authentication options of the Platform.
The User shall be the only liable for the damages or losses caused by his/her negligence in security matters and/or non-reporting, delay in reporting security/access concerns to Worldconsortium.
User shall be solely responsible for the safekeeping of his/her Account and password, and shall be responsible for all activities under Account and Worldconsortium will not be responsible for any loss or consequences of authorized or unauthorized use of your Account credentials including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement, etc.
User has to report fraud, related to certain operation(s)/asset(s)/account(s) to the Worldconsortium’s legal department [email protected] Fraud report has to be made from the User’s email bound with his verified account to authenticate User's identity. Additional verification of the User’s identity may be requested by Worldconsortium.
If convincing evidence(s) of fraud is(are) provided, the appropriate operation(s)/asset(s)/account(s) is(are) considered suspicious of fraud.
As a rule, the Worldconsortium will freeze suspicious of fraud asset(s)/account(s) and/or will cancel suspicious of fraud operation(s) and/or will transfer stolen funds to proper owner only based on final resolution in written of the appropriate competent authorities (courts etc.) or based on the Worldconsortium’s internal KYC/AML procedures.
As an exception Worldconsortium reserves the right:
Worldconsortium also reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more and/or to modify or discontinue our Site or Service. The User agrees that Worldconsortium will not be liable to them or to any third party for termination of their Account or access to the Site.
The suspension of the Account shall not affect the payment of the fees due for past transactions. Upon termination, the User shall provide a valid account details or Digital asset adress to allow the transfer of any currencies deposited to his/her Account. Worldconsortium shall transfer the tokens as soon as possible following the User's request in the time frames specified by Worldconsortium. If account is suspended because of detection of illegal or criminal activity transfer may be delayed for the time necessary for appropriate investigation of an appropriate authorities.
All Services are provided “AS IS”, without guarantees of any kind, either expressed or implied.
Worldconsortium will strive to keep the Site up and running; however, all online services suffer from occasional disruptions and outages and Worldconsortium is not liable for any disruption or loss the User may suffer as a result. Thus, Worldconsortium does not provide any guarantees that access to the Site will not be interrupted or that there will be no delays, failures, errors, omissions or loss of transmitted information.
In order to ensure a stability of the Platform API requests maybe reasonably limited by Worldconsortium at our discretion. If this limit is exceeded, it may result to the ban for reasonable time.
Worldconsortium may provide widgets for the User’s use. The User is free to use widgets in their original unmodified and unaltered state.
Worldconsortium reserves the right to send notices to and communicate with the User by any means of communication available to Worldconsortium, considering the contact details provided by the User.
The official information channel of Worldconsortium is the Website. Nevertheless any recommendation and/or trade idea (even on official channel of Worldconsortium) don’t have a status of official recommendation and/or trade idea of Worldconsortium.
All official announcements, news, promotions, competitions and airdrops will be posted on our Website.
Worldconsortium will not be held liable or responsible in any manner of compensation should users incur personal losses arising from ignorance or negligence of the announcements.
Worldconsortium may provide information related to different Digital Assets on this Site, but Worldconsortium does not endorse, evaluate, approve or certify such information, nor does it guarantee the accuracy, completeness, efficacy, authenticity or timeliness of such information. User shall use information from official websites of Digital Assets and/or from other sources and shall check accuracy, completeness, efficacy, authenticity and timeliness of such information by himself or applying to appropriate consultants. Besides, the User shall not use the Worldconsortium’s Website to get an address of official website, related to any Digital Asset.
Worldconsortium will not be liable for the transactions, initiated by the User, below the prescribed limits.
This Site and the Services found at this Site may contain links to third-party websites that are not owned or controlled by Worldconsortium. Worldconsortium assumes no responsibility for the content, terms and conditions, privacy policies or practices of any third-party websites. In addition, Worldconsortium does not censor or edit the content of any third-party websites. By using this Site or the Services found at this Site, you expressly release Worldconsortium from any and all liability arising from the User's use of any third-party website. Accordingly, Worldconsortium encourages the User to be aware when the User leaves this Site, or the Services found at this Site and to review the terms and conditions, privacy policies and other governing documents of any other website that you may visit.