These general terms and conditions are issued by aBoo Investments, Ltd. with the registered office of Office Q, 35a Astbury Road, London, SE15 2NL, United Kingdom, No .: 10128514, registered with Companies House in the United Kingdom, in the section of companies registered by England and Wales, also referred to as the "Operator and Lessee".
The contracting parties (the operator, respectively the lessee and the user, respectively the lessor) undertake that these general business conditions (hereinafter referred to as "GTC", "Conditions", "Terms and Conditions") will be binding on all legal issues that might arise between them in the future and for all individual Purchase contracts and Lease agreements that will be concluded between the parties in the future. It is considered that these terms and conditions are known to the other party if they have already become part of the Lease contract and the order, or have been referred to by the lessee by a link. Furthermore, it is understood that the parties have agreed to use the GTC and have learned about their content.
1.1 The user is obliged to comply with these GTC.
1.2 The user is required to keep the login information for his/her user account secret and not to disclose it to others. The operator is not responsible for any loss of or misuse of the password unless it is shown that it was caused by BitRentEx's intentional or gross negligence.
1.3 The user is required to read important messages sent to his/her email by BitRentEx. After sending such a message, within a period of 10 (ten) days, this message is automatically considered as received and read.
2.1 The Operator is entitled to cancel the user's user account without compensation if he finds a gross violation of these GTC. The following cases are considered to be gross violations:
3.1 Proposals for the conclusion of the purchase contract are the proper and complete registration of the user on the platform and his/her first log in to the system.
3.2 The individual agreement is valid when the user confirms the purchase of the cryptocurrency on his account and pays for it. The order is considered closed if the user or the operator does not object to a confirmed order within 24 (twenty-four) hours. Any additional changes to an already confirmed order made by a user are considered as cancellation of the original order and a new electronic order confirmation will be issued.
3.3 The purchase price (hereinafter referred to as "the price") is determined as a contract and is stated in the confirmed order. It is based on the current market exchange rate of the cryptocurrencies during a given period of time and the price is guaranteed by the operator for a maximum of 60 (sixty) minutes.
3.4 The price is set without VAT and is due at the moment of order confirmation.
3.5 The operator is required to assign the cryptocurrency to the platform administration when the price for the purchase of the cryptocurrency is properly credited to the bank account.
4.1 Proposing to conclude a lease is to leave the cryptocurrency in its user account for more than 24 (twenty-four) hours when the operator considers that the user wants to rent his cryptocurrency to the lessee and to receive his rent.
4.2 The rent is fixed at a 0.33 (zero point thirty-three) percentage point for each calendar day calculated from the total market value of the cryptocurrency listed in the users‘ portfolio, respectively in its administration.
4.3 The rent is credited every 24 (twenty-four) hours, against the average nominal value of its cryptocurrency marketed at the current market value. The rent is calculated from the mathematical average of the price of the cryptocurrency during each calendar day from 0:00:00 to 23:59:59 (CET + 1 hour) and is credited in the transactions after 2:00:00 a.m., the next calendar day.
4.4 The rent itself is not transferable to another user account and is only used to be paid out through the user's request in the administration separately or with the market value of the cryptocurrency, in which case the user selects his portfolio and rent at the same time.
5.1 In case the lessee wishes to pay out his/her rent, he/she has to make an electronic request from the administration of the platform and within 7 (seven) days the rent will be expressed to him/her in USD and will be paid out separately or together with the actual market value of the leased cryptocurrency, all of it from the time of the request assignment to the BitRentEx platform system.
5.2 Rent payouts can be chosen at any time of the lease agreement duration.
5.3 Upon confirmation of the rental payout without the current status of the cryptocurrency, the lease does not expire, and the user only selects rent from his administration to the USD bank account.
5.4 Upon confirmation of the request for rental payout together with the current state of the cryptocurrency, the lease contract expires and by this step the user confirms that all his/her cryptocurrencies and rents from his/her administration will be paid out to him/her.
6.1 The user in his/her administration also has the function to transfer the cryptocurrency between the user accounts, that is, he/she has the possibility to forward his/her cryptocurrency to another user to his/her administration, respectively to his/her ownership.
6.2 In order to correctly convert the cryptocurrency into another user account, the user needs to know the unique user ID of another account (BitRentEx ID), and after it is entered into the platform, the cryptocurrencies are immediately transferred to another account.
6.3 The transfer of cryptocurrency between user accounts takes place automatically on the platform and is completely free of charge.
7.1 When using our services, we automatically collect this information:
8.1 We collect information from other affiliates and non-assigned third parties. For example, in order to create a platform account or enabling your transactions, the operator may work with third-party service providers to perform identity checks and other procedures for verifying that you are authorized to use the services.
9.1 While no online or electronic system is guaranteed with 100% security, BitRentEx adopts thorough measures designed to protect collected information from loss, theft, misuse and unauthorized access, disclosure, alteration and destruction. In particular, we conduct consistent security practices and procedures designed to protect the confidentiality and security of this information in accordance with these GTC and prohibit their disclosure to others except users themselves and to security authorities. We also use measures to restrict access to the information we collect about users to employees, agents and agencies who have a commercial reason to obtain such information.
10.1 The operator is based in the UK, which is part of the EU, and collected information respects and follows European law. By using our services, you consent to the processing and transfer of information in the EU and other countries where you do not have the same rights as local laws. This allows users to be protected and safe from legalizing crime proceeds around the world.
11.1 The user agrees upon the collection and processing of his/her personal data by the operator. Handling of users' personal data is subject to the amendment of Act No. 101/2000 Coll., As amended, on the protection of personal data. The Platform hereby declares that it has communicated the processing of personal data to the Office for Personal Data Protection and is registered with the Office for Personal Data Protection as Data Administrator under the registration number: 00068944.
11.2 The user hereby explicitly agrees, that the operator uses his or her personal data for the purpose of sending messages marked as important communications that are not in the nature of commercial communications, optionally by sending commercial communications.
12.1 The BitRentEx platform is an author's work within the meaning of Act No. 121/2000 Coll., As amended by the Copyright Act, as amended. The Operator executes all rights related to the Internet platform.
12.2 The operator is the owner of the BitRentEx Internet platform.
12.3 The content of the platform is not permitted to store, modify, distribute or perform other proprietary rights unless the operator explicitly agrees to such conduct.
12.4 The operator is the sole owner of the BitRentEx trademark, and third parties are not permitted to use this trademark without the explicit permission of the operator.
13.1 The penalties, the operator is entitled to enforce against the user, are the cancellation or blocking of a user account.
13.2 The Operator is entitled to cancel the user account without compensation for gross breach of the lease or purchase contract or of these GTCs, in particular for actions mentioned in Article 2.1.
13.3 The user account may also be cancelled for violations of law or for acts that harm the reputation of the BitRentEx operator or platform.
13.4 If the user account has been suspended for a persistent breach or for a persistent conflict and the user does not stop violating or does not resolve the controversial state, the operator after a period of 30 (thirty) days of the account suspension to a blocking of the users' account.
13.5 The person whose account has been subjected to any of the above-stated sanctions is not authorized to reregister to the platform as a user without explicit permission.
13.6 If it emerges that the operator has cancelled the account or suspended it due to an error and the user insists on the continuation of the lease contract, the operator will restore the user's account free of charge without having to re-register.
13.7 The termination or cancellation of the lease contract does not invalidate the right to compensation and the provisions in force concerning the rights and obligations that are due to continue after the termination of the contract remain in force.
14.1 The user has the right to terminate the lease agreement under the following conditions:
14.2 With termination or cancellation of this lease does not invalidate the right to damages, contractual penalties or provisions relating to those rights and obligations which, by their nature, are expected to persist after termination of the lease by the expiration of the notice period.
14.3 Once the user account has been cancelled according to the previous articles for the cancellation, the platform operator removes all data of such a user from the BitRentEx database.
14.4 Any proprietary disputes between the operator and the user arising out of the purchase or lease agreement or related to it shall, in the absence of the jurisdiction of the general courts, be settled in arbitration in accordance with Act No. 216/1994 Coll., before a single arbitrator designated by the Arbitration Court of the Czech Republic. : 269 88 879. The arbitrator will be designated and the arbitration will be conducted in accordance with the Arbitration Order of the Arbitration Court of the Czech Republic, o.s., available at http://www.rozhodcidolozka.cz/.
14.5 The operator is not responsible for the slow or bad transmission that occurred between the user and the platform. Furthermore, the operator is not responsible for technical and software issues from Internet providers, mobile operators or user devices.
14.6 The operator is entitled to amend these GTC and other annexes to the lease agreement or purchase contract
14.7 The operator is obliged to notify the fact that the GTCs have been changed and their new version published. The user confirms his or her acceptance of the current version of the GTC each time he/she uses the platform and administration. If a user does not accept a GTC change, he/she has no right to use the platform from the time of the new GTC version.
14.9 Should any provision of these GTCs be invalid or ineffective for any reason, this does not invalidate or invalidate other parts of the GTC or contracts as such.
14.10 With each user logs the user automatically agrees with the current version of GTC.
14.11 An integral part of these GTCs is the current price list of fees and services provided by the operator. You can always find the current price list at this link - Price list.
15.1 The Marketing Event (hereinafter referred to as the "campaign") is valid until 31 December 2019 till 23:59:59 (CET + 1 hour).
15.2 The campaign is that any user who orders and pay for a cryptocurrency worth more than $ 1,000 will receive $ 100 to his/her user account in the form of extra rent right after the operator has approved the order and the payment. So his/her rental bill on the platform will be increased by $ 100 immediately.
15.3 In order to fulfil all the requirements of the campaign, the user must keep his/her portfolio and the rent without a withdrawal for 6 (six) calendar months from his/her order and the conclusion of the purchase and lease agreement. If he/she fails to do so and selects its rent or the entire portfolio earlier, the amount of 100 USD that was the subject of the event will be deducted from the rent. The standardly generated rental income from the portfolio is not and will not be affected in any way.
15.4 The marketing campaign is not binding and legally enforceable. The operator reserves the right to modify or cancel the action without giving any reason.
These GTCs - Version 1.0 become effective and effective on August 1, 2018