PAID Ignition Terms of service

Last Updated: April 7, 2021

PAID TERMS OF SERVICE

Last Updated: April 7, 2021

These terms of service (this “Agreement”) is a binding contract between you, an individual or entity user or authorized representative of such user (“you” or “your”) and PD Network, Inc., a company formed pursuant to the laws of the Republic of Panama or any successor operator of the Site (as defined below) (together with any successors or assigns “PD,” “we,” “us” or “our”). This Agreement governs your use of any website that links to these terms, including, but not limited to https://paidnetwork.com/ (and all related subdomains) and any related mobile applications, if any (collectively, the “Site”) and the services we provide via the Site (the “Services”).

BY ACCESSING OR USING THE SITE OR OUR SERVICES, YOU AGREE THAT YOU HAVE READ, UNDERSTOOD AND AGREE TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT AGREE TO THIS AGREEMENT, THEN YOU MUST NOT ACCESS OR USE THE SITE OR OUR SERVICES.

If you are accessing the Site or using our Services on behalf of a business or corporate entity (“Organization”), then you hereby represent and warrant that you have the authority to bind that Organization and your acceptance of this Agreement will be treated as acceptance by the Organization. In that event, “you” or “your” in this Agreement will refer to the Organization.

General Terms and Conditions

  • Description. The Site provides users with general information about the Services and multiple related technology platforms, including, but not limited to (i) a technology platform that enables you to create and enter into simple contracts without the need for expensive legal services (the “PAID Platform”), which is further described in detail in Section 17, and (ii) a technology platform which permits issuers of Tokens (as defined below) to transact directly with purchasers of Tokens (the “Ignition Platform”), which is further described in detail in Section 18. “Token” means a digital representation of value that functions as (i) a medium of exchange, (ii) a unit of account, (iii) a store of value, and/or (iv) other similar digital representations of rights or assets, which is neither issued nor guaranteed by any country or jurisdiction and does not have legal tender status in any country or jurisdiction, typically including blockchain-based assets or rights including sovereign cryptocurrency or virtual currency such as BTC, LTC, and ETH.
  • No Advice. PD, and its shareholders, directors, officers, Affiliates (as defined below), employees, contractors, agents, partners, insurers, and attorneys (collectively, its “Associates”) do not provide any investment, portfolio management, legal, accounting, tax or other advice, or advice on trading techniques, models, algorithms, or any other schemes. “Affiliate” means a Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with the first mentioned Person.
  • Information Submitted to Us and Identity Checks.
  • Definitions.
  • “AML” means anti-money laundering, including, but not limited to, all Laws (as defined below) applicable to you prohibiting money laundering or any acts or attempted acts to conceal or disguise the identity or origin of; change the form of; or move, transfer, or transport, illicit proceeds, property, funds, currency, or Tokens, including, but not limited to, the promotion of any unlawful activity such as fraud, tax evasion, embezzlement, insider trading, financial crime, bribery, cyber theft or hack, narcotics trafficking, weapons proliferation, terrorism, or Economic Sanctions violations, which may also require internal controls to detect, prevent, report, and maintain records of suspected money laundering or terrorist financing.
  • “Anti-Corruption” means all Laws applicable to you prohibiting corruption or bribery of Government Officials (as defined below) , kickbacks, inducements, and other related forms of commercial corruption or bribery.
  • “CTF” means counter-terrorist financing.
  • “Economic Sanctions” means financial sanctions, trade embargoes, export or import controls, anti-boycott, and restrictive trade measures enacted, administered, enforced, or penalized by any Laws applicable to you or the Site.
  • “Government” means any national, federal, state, municipal, local, or foreign branch of government, including, but not limited to, any department, agency, subdivision, bureau, commission, court, tribunal, arbitral body, or other governmental, government appointed, or quasi-governmental authority or component exercising executive, legislative, juridical, regulatory, or administrative powers, authority, or functions of or pertaining to a government instrumentality, including, but not limited to, any parasternal company, or state-owned (majority or greater) or controlled business enterprise.
  • “Government Approval” means any authorization, license, permit, consent, approval, franchise, concession, lease, ruling, certification, exemption, exception, or waiver by or with any Government necessary to conduct the business of either party or the execution, delivery and performance of the Services or any transaction entered into under this Agreement.
  • “Government Official” means an officer or employee of any Government, a director, officer, or employee of any instrumentality of any Government, a candidate for public office, a political party or political party official, an officer or employee of a public international organization, and any Person who is acting in an official capacity for any of the foregoing, even if such Person is acting in that capacity temporarily and without compensation.
  • “Laws” means all laws, statutes, orders, regulations, rules, treaties, and/or official obligations or requirements enacted, promulgated, issued, ratified, enforced, or administered by any Government that apply to you or the Site.
  • “Person” means an individual, association, partnership, corporation, company, other corporate body, trust, estate, and any form of organization, group, or entity (whether or not having separate legal personality).