Terms of Service

These terms of service (these “Terms”) are between Genesis block0 Corp (“Cove”, “we”, “us” and “our”) and you (also referred to herein as “user”, “you” and “your”). “You”, “your” and “user(s)” refers to anybody who accesses or uses, in any way, the services. If you are accessing or using the services on behalf of a company (such as your employer) or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms and, in that case, “you”, “your” or “user(s)” will refer to that entity.

These Terms govern your access to and use of the services, which include, but are not limited to, Telegram bots, channels, groups and any application (the “Services”) that are created and distributed by Cove when accessed via computer or any other electronic mobile device. By accessing, browsing or by signing into the Services using a wallet or otherwise using the Services available on cove.trade (“Website”) or by acknowledging agreement to the Terms on the Services, you agree that you have read, understood and accepted all of the Terms and the Privacy Policy (the “Privacy Policy”), which is incorporated by reference into the Terms.

We may update or change these Terms from time to time in order to reflect changes in any of our Services, changes in the legislation, or for other reasons as deemed necessary by us. The effective date of any Terms will be reflected in the “Last Updated” entry at the top of these Terms. Your continued use of the Services after the communication of any such change constitutes your consent to such change. If the revised Terms include a material change, we will endeavor to provide you advanced notice via the Platform before the material change becomes effective.

You expressly agree that you assume all risks in connection with your access to and use of the Services. By using or accessing the Services, you represent and warrant that you understand that there are inherent risks associated with virtual currency and the underlying technologies including, without limitation, cryptography and blockchain, and you agree that we are not responsible for any losses or damages associated with these risks.

You additionally expressly waive and release us from any and all liability, claims, causes of action, or damages arising from or in any way relating to your access to and use of the Platform and the Services. IF YOU DECIDE TO UTILIZE SERVICES YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE BELOW RISKS AND AGREE NOT TO HOLD US OR ANY OF RELATED PARTIES RESPONSIBLE FOR THE FOLLOWING RISKS:

• Third-party risk. The Platform and the Services rely, in whole or in part, on third-party software and the continued development and support of third parties. There is no assurance or guarantee that those third parties will maintain their support of their software.
• No Insurance. Digital assets are not legal tender, are not backed by the government, and are not subject to any deposit insurance scheme or protections under any banking or securities laws. We are not a bank and we do not offer fiduciary services.
• New technical risk. The software used for the Services is relatively new and could have bugs or security vulnerabilities. The software is still under development and may undergo significant changes over time.
• Blockchain related risks. Upgrades to blockchain networks, hard forks, re-organizations of blockchain structure, or changes in how transactions are confirmed may have unintended, adverse effects on the smart contracts built thereon.
• Information security risk. Digital assets and use of the Services may be subject to expropriation and/or theft. Hackers or other malicious groups may attempt to interfere with the Platform in a variety of ways, including malware attacks, denial of service attacks, Sybil attacks, and spoofing.
• Regulatory risks. The regulatory status of digital assets and distributed ledger technology is unclear or unsettled in many jurisdictions. Regulatory actions could negatively impact the Services in various ways.
• Taxation risk. The tax characterization of digital assets is uncertain. You must seek your own tax advice in connection with the Services provided within the Platform.
• Other risks. The usage of the Services may be related to other risks not indicated herein. By using the Services you acknowledge to assume any other risks that may occur.

If you use the Services, you state that you (a) are at least 18; (b) do not break any laws of your jurisdiction by using the Services; (c) are not located, established or registered in any of the jurisdictions enlisted below titled “Prohibited Jurisdictions”; and (d) are not a “Restricted Person” as defined herein.

You may not use the Services if you are otherwise barred from using the Services under applicable law. You are solely responsible for adhering to all laws and regulations applicable to you and your use or access to the Services or the Platform.

By using or accessing the Services, you represent to us that you are not subject to any Sanction Lists and you are not a Restricted Person. The “Sanction Lists” means any sanctions designations listed on economic/trade embargo lists and/or specially designated persons/blocked persons lists published by international organizations, as well as any state and governmental authorities of any jurisdiction, including, but not limited to the lists of United Nations, European Union and its Member States, United States and United Kingdom sanctions lists.

The following jurisdictions are considered to be “Prohibited Jurisdictions”: United States of America, the People's Republic of China, Afghanistan, Democratic Republic of Congo, Cuba, Venezuela, Myanmar (Burma), Lebanon, Libya, Somalia, Nicaragua, Syria, South Sudan, Sudan, Zimbabwe, Yemen, Haiti, Guinea, Republic of Guinea-Bissau, Mali, Democratic People's Republic of Korea (North Korea), Iran, Iraq, Russia, Belarus, regions of Ukraine: Crimea, Sevastopol, Donetsk, Luhansk, Zaporizhzhia, Kherson or any other state, country or region that is subject to sanctions enforced by the United Nations, European Union and its Member States, United States and United Kingdom sanctions lists.

You must not use any software or networking techniques, including use of a Virtual Private Network (VPN) to modify your internet protocol address or otherwise circumvent or attempt to circumvent this prohibition.

We own all intellectual property and other rights in the Platform and its contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, and designs. Unless expressly authorized by us, you may not copy, modify, adapt, rent, license, sell, publish, distribute, or otherwise permit any third party to access or use the Services or any of its contents.

You will retain ownership of all intellectual property and other rights in any information and materials you submit through the Platform. However, by uploading such information or materials, you grant us a worldwide, royalty-free, irrevocable license to use, copy, distribute, publish and send this data in any manner in accordance with applicable laws and regulations.

You may choose to submit comments, bug reports, ideas, or other feedback about the Platform/the Services (collectively – the “Feedback”). By submitting any Feedback, you agree that we are free to use such Feedback at our discretion and without additional compensation to you, and to disclose such Feedback to third parties. You hereby grant us a perpetual, irrevocable, non-exclusive, transferable, worldwide license under all rights necessary for us to incorporate and use your Feedback for any purpose.

We (including our officers, directors, employees, contractors, agents, affiliates, or subsidiaries) are not liable to you for claims, costs, losses or damages caused by an event that is beyond our reasonable control. Under no circumstances are we or our officers, directors, employees, contractors, agents, affiliates, or subsidiaries liable for special, incidental, exemplary, punitive or consequential losses or damages of any kind.

We assume no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage resulting from any access to or use of the Services; (c) unauthorized access to or use of any secure server or database in our control; (d) interruption or cessation of function related to the Services; (e) bugs, viruses, or trojan horses that may be transmitted to or through the Services; (f) errors or omissions in, or loss or damage incurred as a result of the use of any content made available through the Platform; or (g) the defamatory, offensive, or illegal conduct of any third party.

Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any claims, proceedings, liabilities, obligations, damages, losses, or costs in an amount exceeding the greater of (i) the amount you paid to us in exchange for access to and use of the Services, or (ii) $250.00.

This limitation of liability applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, and even if we have been advised of the possibility of such liability.

You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs and expenses arising from (a) your access to and use of the Services; (b) your violation of these Terms, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party's access and use of the Services with your assistance or using any device or account that you own or control.

A third party arbitrator will help us resolve any disputes we might have. This means that any dispute will be resolved outside of class-action litigation. Hopefully, disputes will never be an issue, as we aim to resolve any disputes between you and us amicably prior to commencing any judicial proceedings.

Binding Arbitration. By accepting these Terms, you acknowledge that you and us: (a) waive the right to have any and all disputes or claims arising from these Terms, your use or access to the Services or any other disputes with us (collectively – the “Disputes”) resolved in a court; and (b) waive any right to a jury trial. Instead, you and us agree to arbitrate the Disputes through binding arbitration instead of having the Dispute decided by a judge or jury in court.

No Class Arbitrations, Class Actions or Representative Actions. You and us agree that any dispute is personal to you and us and that any such dispute will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding.

You and us agree that each will notify the other, in writing, of any Dispute within thirty (30) days of when it arises so that the parties can attempt, in good faith, to resolve the Dispute informally. Notice to us shall be provided by sending an email to support@cove.trade. Your notice must include (1) your name, postal address, and email address; (2) a description of the nature or basis of the Dispute; and (3) the specific action that you are seeking. If you and us cannot resolve the Dispute within thirty (30) days of us receiving the notice, either you or us may commence an arbitration proceeding. Any arbitration or claim must be commenced or filed within one (1) year after the Dispute arose; otherwise, you and us agree that the claim is permanently barred.

These Terms are governed by and will be construed under the laws of the British Virgin Islands, without regard to principles of conflict of laws. Any unresolved Dispute arising out of or in connection with these Terms shall be referred to and finally resolved by arbitration under the rules of the European Court of Commercial Arbitration, which rules are deemed to be incorporated by reference into this Section 8 to the extent they are consistent with it. Any dispute arising from or relating to the subject matter of these Terms shall be finally settled in Europe, EU, in English, in accordance with the European Court of Commercial Arbitration Rules.

These Terms (and any additional terms, rules and conditions of participation that may be posted on the Platform) including the Privacy Policy constitute the entire agreement with respect to the Platform and the Services and supersedes any prior agreements, oral or written.

The Privacy Policy describes the ways we collect, use, store and disclose your personal information. You agree to the collection, use, storage, and disclosure of your data in accordance with the Privacy Policy.

Upon termination of these Terms for any reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.

In the event that any provision of these Terms is deemed invalid or unenforceable, the validity and enforceability of the remaining provisions shall remain unaffected and unimpaired. Any invalid or unenforceable portions can be reasonably interpreted to fulfill the intent and purpose of the original provision.

Notwithstanding any other provision of these Terms, any translation of these Terms is provided for your convenience. The meanings of terms, conditions, and representations herein are subject to their definitions and interpretations in the English language. In the event of conflict or ambiguity between the English language version and translated versions of these terms, the English language version shall prevail.