TERMS OF USE

There are some simple ground rules you'll need to agree to before using CUTcoin Staking Pool. Playing by these rules is a mandatory part of using our pool, so if you have any questions about them, please drop us a line and we'll respond shortly.

CUTcoin Staking Pool agreement

By using or signing up for CUTcoin Staking Pool, you are agreeing to be bound by the following terms and conditions (the “Agreement”).

By marking the applicable "I have read and agree to the terms of use" checkbox, you hereby agree to the Agreement.

1. CUTcoin Staking Pool services

You may request CUTcoin Staking Pool services, as described on our website at https://pool.cutcoin.org

We will provide the CUTcoin Staking Pool services in accordance with this Agreement and the other terms and conditions described on our website at https://pool.cutcoin.org.

2. CUTcoin Staking Pool account

To become a Staking Pool user, you must create an account by providing name, email address. To get full Staking Pool services you must confirm your e-mail. You acknowledge that we will use the email address provided by you as the primary method for communication. You are responsible for keeping your account password and other private information secure. We cannot and will not be liable for any loss or damage arising from any failure to maintain the security of the account and password.

3. Fees

You will pay a 5% fee for any reward that is received by your staking wallet. Fees are based on the Staking Pool use term, and fees paid are non-refundable. Also, there is a fixed comission 0.1 CUT per every withdrawal.

4. Termination

Either party may terminate this Agreement at any time, with or without cause, effective immediately upon written or electronic notice. Upon termination of this Agreement, all rights granted to you hereunder will immediately cease, including but not limited to the right to access the Account, unless otherwise determined in our sole discretion.

5. Rewards

According to the main consensus Proof-of-Stake model, all wallets are rewarded with CUT proportionally with their staking amounts. The reward is earning every block appears. Every reward pays a 5% commission for the Pool.

6. Withdrawal

All confirmed accounts allowed to withdraw earned coins from the Pool. But keep in mind that this is your decision and you take responsibility for it. To prevent frauding all accounts are protected with two-step verification via e-mail.

7. Intellectual property rights

You agree not to provide us with any confidential or proprietary information. Each party acknowledges and agrees that the other party may freely use and otherwise commercially exploit any ideas, feedback or suggestions provided by it to the other party.

8. Disclaimers and limitation of liability of the warranty

The services are provided “as-is” and we expressly disclaim all warranties, express or implied, including, but not limited to, warranties of merchantability, non-infringement, and fitness for a particular purpose.

Neither party will have any liability with respect to the services or obligations under this agreement or otherwise for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to, damages for losses of profits, goodwill, use, data or other intangible losses resulting in any way from the services. in any event, each party’s liability under this agreement for any reason will be limited to the fees paid by you during the six month period immediately preceding the event giving rise to the claim for damages. This limitation applies to all causes of action in the aggregate, including, but not limited to, breach of contract, breach of warranty, negligence, strict liability, misrepresentations, and other torts. These limitations apply even if a party has been advised of the possibility of such damages. The foregoing limitations apply to the fullest extent permitted by applicable law.

9. General provisions

This Agreement sets forth the entire agreement and supersedes any and all prior agreements, written or oral, of the parties with respect to the subject matter hereof. We reserve the right to update and change the Agreement prospectively by posting updates and changes on our website, https://pool.cutcoin.org. You are advised to please check the Agreement from time to time for any updates or changes that may impact you. If a significant change is made, we will provide reasonable notice by email and an opportunity to terminate this Agreement if you do not agree with the change.

The parties to this Agreement are independent contractors. Neither party is an agent, representative or related entity of the other party. Nothing in this Agreement is intended to create, nor will it be construed as creating, any exclusive arrangement between the parties to this Agreement. This Agreement does not restrict either party from entering into similar arrangements with others. Each party understands that the other party may now or in the future be involved in developing or providing competitive products or services. Neither party is a liability for any failure or delay caused by any circumstance or event beyond its reasonable control.

Last updated: 7th Oct, 2019. This version isn't the last one and going to be updated soon.