Terms & Conditions

General

Please carefully read these general terms of use for the platform before using BeFive Network’s website https://befivenetwork.com/en, the application, the products and the services offered herewith, as they affect your obligations and legal rights, including, but not limited to, waivers of rights and limitation of liability. If you do not agree with these general terms of use, you shall not use the platform, the website https://befivenetwork.com/en, the application and services offered.

Please read the Terms & Conditions carefully before you start to use BeFive Network. By using the platform or by clicking to accept or agree to the Terms of Use when this option is made available to you, you accept and agree to be bound and abide by these Terms of Use and our Privacy Policy, incorporated herein by reference. If you do not want to agree to these Terms of Use, you must not access BeFive Network.

Use of the website

There is no age restriction for browsing the Website, but the person must be aged 18 or over to become a Member. Each User is responsible for checking any additional age restrictions that apply to them in their own jurisdiction. You shall not, and you shall ensure that no person using your Account shall submit any content to or otherwise use the Website or make use of any content or Services displayed on or provided through the Website in any manner that would infringe any patent, trademark, trade secret, copyright, right of publicity, or other intellectual property right of any other person or entity, or violate any law, regulation, court order or contract.

By using BeFive Network, you represent and warrant that you are of legal age to form a binding contract with the Company and meet all of the foregoing eligibility requirements. You represent that you are legally permitted to use the platform in your jurisdiction including owning Digital Assets and interacting with the website in any way. If you do not meet all of these requirements, you must not access or use the website. Without limiting the foregoing, by using the website, you acknowledge and understand that laws regarding financial instruments, which sometimes include cryptographic tokens, also known as "Digital Assets", and decentralized finance may vary from jurisdiction to jurisdiction, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your jurisdiction with regard to the use of the website.

Limitations on Liability

BeFive network shall have no liability to you in connection with: (1) any outage or unavailability of the site or any problems you may have in participating on the site or in our services; (2) any security breach affecting any feature, content or services available on the site; and/or (3) the performance of any offering or other service that you participate in on the site. You bear all risks of using the platform, and you should only participate to the extent you are willing and able to lose any amount invested.

Some information published on the website is intended to be informative only. The investments and investment service referred to on the website may not be suitable for all investors. Please contact your financial adviser before acting on any of the information published on the website. No information or opinion expressed in the website is intended or should be regarded as an offer or as a solicitation of an offer by us or any to buy, sell or otherwise deal in any particular investment.

No Guarantee

BeFive Network makes no representations regarding the likelihood or probability that your participation on the platform or in our services will achieve a particular outcome or goal. Past performance is not a guarantee of future success, and volatility means that performance in any period may be far different from that of previous periods. You may lose all or part of any participation on the site and through our services. You further acknowledge and agree that BeFive Network makes no guarantees or other commitments about your ability to access or use the site or service.

Information Submitted to Us

You are solely responsible for ensuring the accuracy and completeness of all information and materials that you provide to us in connection with your use of the site or services, including, without limitation, all information and material that you provide to us in connection with us checking your background as further described. you hereby represent and warrant that: (a) all such information and materials are true, accurate and complete in all respects, comply with all applicable laws, rules and regulations and do not violate or infringe any third-party rights; and (b) you will immediately notify us about, and correct, any inaccuracy in any such materials or information.

You acknowledge that we will check your background and identity as required by applicable laws in connection with certain uses of the site. You hereby authorize us to, directly or through third parties, make any inquiries and conduct any investigation we consider necessary or helpful to verify your identity and to take any actions we deem necessary or helpful based on the results of such inquiries and investigations. You acknowledge and agree that we may, in our sole discretion, deny you the right to use the site. BeFive Network will have no liability to you for any liability or other losses arising from any inquiries or investigations arising there under.

Risks Involved

Use of BeFive Network might carry financial risks as digital assets are relatively an experimental technology. Their value may fluctuate with great volatility, and transactions conducted with Digital assets are irreversible. The use of digital currencies in decentralized finance is inherently risky, and you acknowledge and agree that you are accessing and using the platform at your own risk. The risk of loss due to market volatility and misconduct by other users of the platform can be substantial. Digital assets and smart contracts are typically described using extremely technical language that is difficult to understand and requires a deep knowledge of cryptography and computer science. You should carefully consider whether you have sufficient understanding of the technology before accessing or using our platform.

If you are a user of any one of several smart contracts on BeFive Network then you may be required to pay a fee. You acknowledge that under certain circumstances, market fluctuation could require you to increase the amount of fees required to fulfill your performance obligations under the smart contract or your fees could diminish in value or be lost altogether. Under no circumstances will the operation of all or any portion of BeFive Network be deemed to create a relationship that includes the provision or tendering of investment advice.

In many jurisdictions, the regulatory frameworks imposed by governmental authorities over the use and sale of cryptocurrencies are uncertain. Changes in regulations and policies may affect your use of our platform in your jurisdiction, and you are solely responsible for consulting with legal counsels and complying with all applicable laws in your jurisdiction.

BeFive Network may rely on the use of third-party platforms, exchanges, Dapps, oracles or other mechanisms to facilitate your use of the platform. We do not control the availability of those platforms, and your access to and use of the Network could be affected by changes in those platforms which are beyond our control.

Wallets

You acknowledge and agree that: (1) we have no control over any wallet that you may use in connection with your use of the site, other than a BeFive Network’s wallet or the account (“wallet”); (2) all wallets are provided by third parties that we have no right or ability to control; and (3) any dispute between you and any third party wallet provider is between you and that third party wallet provider.

Cryptocurrency

BeFive Network is entitled to provide financial services of Contracts for Difference (CFD) with intrinsic protection (Protected CFDs). The risk of loss for Protected CFDs is limited to and does not exceed the sum invested by the Client in a particular CFD contract with the addition of any trading and/or ongoing trading fees incurred as a result of opening such CFD.

Trading platform

BeFive Network is an electronic system on the internet that consists of all programs and technology that present quotes in real-time, allowing for the placement/modification/deletion of orders and calculate all mutual obligations of the Client and the Company.

Participants

All the participants of the platform must understand that tokens and cryptocurrencies available on the site and through our services are subject to loss and long period of illiquidity. Additionally, if you are using the platform and its services as a participant then you may be required to qualify as an “accredited investor”. We may ask you for information needed to confirm your status as an accredited investor, or to confirm other information about your status prior to allowing you to participate through the site or anytime thereafter.

Intellectual Property Rights

You must not delete or alter any copyright, trademark or other proprietary rights notices from copies of materials from this site. The smart contracts and software provided by us are made available to you under the MIT open source license, and the documentation and source code. Other third-party technology provided on the platform is owned by the third-party provider of such technology or is made available subject to the license identified with the technology.

The company name, logo and other related trademarks or service marks are the exclusive property of BeFive Network and may not be used without our prior written consent. If you breach these Terms of Use, your right to use the platform will cease immediately and you must, at our option, return or destroy any copies of the materials you have made. No right, title or interest in or to the platform and the contents transferred to you, and all rights not expressly granted are reserved by BeFive Network. Any use of the platform not expressly permitted by these Terms of Use is a breach of these Terms of Use and may violate copyright, trademark and other laws.

Prohibited Uses

You may use BeFive Network only for valid purposes and in accordance with these Terms of Use. You agree not to use the platform:

• In any way that violates any applicable federal, state, local or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from other countries).
• For the purpose of exploiting, harming or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information or otherwise.
• To attempt to circumvent any security or access controls or to interfere with the operation of the platform.
• To impersonate or attempt to impersonate the Company, its employee, another user or any other person or entity (including, without limitation, by using e-mail addresses or wallet addresses associated with any of the foregoing).
• To transmit or exchange Digital Assets that is the direct or indirect proceeds of any illegal, criminal or fraudulent behavior including terrorism.
• In any manner that could disable, overburden, damage, or impair the site or interfere with any other party's use of the platform, including their ability to engage in real time activities.
• Use any robot, spider or other automatic device, process or means to access the platform for any purpose, including monitoring or copying any of the material on the website.
• Use any manual process to monitor or copy any of the material for any unauthorized purpose without our prior written consent.
• Use any device, software or routine that interferes with the proper working of the platform.
• Introduce any viruses, worms, logic bombs or other material which is malicious or technologically harmful.
• Otherwise attempt to interfere with the proper working of the platform.

Security

Being a user of an investment platform or any other services in the online domain you should be aware that the internet is not a completely reliable transmission medium. If you choose to send any electronic communications to us by means of the website, you do so at your own risk and we cannot guarantee that such communications will not be intercepted or changed or that they will reach the intended recipient safely.

Where they have been issued to you, it is your responsibility to maintain the security and confidentiality of your password and login details. As an example only, you should not write down your password and login details. You must inform us as soon as reasonably practicable if you suspect that your password or login details are known by or available to any third party. You agree that, if you inform us of any suspected disclosure of your password and login details, we may take such steps as we consider may be reasonably necessary in the circumstances (including, without limitation, cancelling your existing password and login details and issuing a new password and login details to you).

Accessing BeFive Network and account security

To access the BeFive Network or some of the resources offered by it, you may be asked to provide an Ethereum wallet address or a wallet. It is your sole responsibility to maintain the security of your Wallet, and if you lose access to your Wallet, a private key, password, or other method of securing your Wallet, any funds may be irretrievable, and we will be unable to assist you in any way. You hereby irrevocably waive, release and discharge all claims, whether known or unknown to you, against us, our affiliates and their respective members, agents and representatives related to your use of any wallet software, associated loss of funds, transaction failures, or any other defects that arise in the course of your use of your wallet, including any losses that may obtain as a result of any failure in smart contracts made available on the platform.

By using our platform, you agree to be fully, independently and personally liable for each transaction made on the platform by you, and you must make sure that you are the only person with access to your wallets at all times. You hereby accept responsibility for any activity transacted on the platform through your Wallet.

Disclaimer of Liability

We will not be liable to you in (including without limitation), negligence, breach of contract, misrepresentation or otherwise, for any direct, indirect or special loss or consequential loss or damage suffered by you (including, without limitation, loss of goodwill, revenues or income, opportunity, anticipated savings or data) or for loss of profit.

Changes in Terms and Conditions

We are always working on the development process to improve our website offering over time and therefore the contents and functionality of this website, which includes (without limitation) the terms of this agreement, are subject to change by us without notification. Please see the date at the top for the last change made to this agreement; however other content on this website may not be marked as modified/updated in this way.

All changes are effective immediately when we post them and apply to all access to and use of the Network thereafter. Your continued use of the BeFive Network following the posting of revised Terms of Use means that you accept and agree to the changes. You are expected to check this page each time you access BeFive Network so you are aware of any changes, as they are binding on you.

By accepting all the above Terms & Conditions, the Client accepts that they have read and understood all provisions of this Agreement and related information on BeFive Network. The Client accepts and understands that all orders received shall be executed by the Company as the counterparty of the transaction in its own capacity and capabilities. The Company shall act as a principal and not as an agent on the Client’s behalf for the purpose of the Execution of orders.