Terms & Conditions Staking Mission 2

REGULATIONS FOR STORING GHX TOKENS FOR THE PURPOSE OF OBTAINING ADDITIONAL FINANCIAL BENEFITS (STAKING)

§1 [GENERAL INFORMATION]

  1. The owner of the IT system, including the Panel, is CoinAxe Ltd.

  2. The Panel has been set up to enable Token management by Users who have invested in a Token prior to enabling its public purchase.

  3. In all cases where the Regulations refer to a specific time, the appropriate time is Coordinated Universal Time (UTC).

  4. In all cases indicated in the Regulations as requiring contact with CoinAxe (informing, reporting, other), the appropriate contact is the e-mail box: [email protected] .

  5. These Regulations supplement the Master Regulations with respect to their subject matter as defined in §3 clause 1 hereinbelow.

§2 [DEFINITIONS]

  1. The terms used in the Regulations and written in capital letters shall have the meaning as indicated below:

    1. Administrator / CoinAxe / Organizer - CoinAxe Ltd., a company registered under the laws of Malta, at the address in the city of St. Julians (postcode STJ 3141), Dragonara Business Centre, 5th floor, Dragonara Road, Malta, registration number in the Malta register: C 94976, VAT number MT27120603;

    2. Acceptance of the Regulations - a conscious and voluntary declaration of will on familiarization with the provisions of the Regulations and expressing consent to the provisions of the Regulations, submitted by the User on the website of the Panel;

    3. Annual Percentage Rate (APR) - the annual rate of return expressed as a percentage;

    4. Auto Renew - functionality available only to Users who have chosen the option of 30-day Staking, enabling automatic extension of the Staking duration by another 30 days, activated by the User by ticking the checkbox available in the Individual User Account, with the reservation that the total duration of Staking under the Auto Renew option shall not be longer than 180 calendar days, counted from the first day of the first 30-day Staking period of a particular User;

    5. Individual User Account / IUA - an individualised part of the Panel, identified by the User's login corresponding to the User's e-mail address and a password established individually by the User;

    6. Panel - an IT system enabling the User to access and manage the IUA, available on the website available at https://account.gamerhash.io/ ;

    7. Regulations - these Regulations available on the website available at https://account.gamerhash.io/en/p/terms-conditions-staking-mission-2 ;

    8. Master Regulations - the Regulations of the Internet Panel “Token Sale” available at https://account.gamerhash.io/en/p/terms-conditions ;

    9. Staking - voluntary commitment of the User to store Tokens in the Individual User Account with the exclusion of the possibility of free disposal of these Tokens for a predefined period of time, in order to obtain predefined financial benefits;

    10. TGE - in accordance with the wording given in the Master Regulations;

    11. Token / GamerCoin / GHX - utility tokens of ERC-20 functioning under the name GamerCoin or GHX that have been allocated and saved in the Individual User Account in the Panel;

    12. Bonus Tokens - Tokens which the Organiser allocates to Users who submit a statement of enrolment in Staking for a period of respectively 30 (in words: thirty) or 180 (in words: one hundred and eighty) calendar days, without the possibility of shortening, with retention of the right to the benefits described in the Regulations and who do not cancel the Staking during the periods referred to above;

    13. Participant - the User who participates in the Staking;

    14. User - an entity having an Individual User Account which can be a natural person with full legal capacity, legal person or organizational unit without legal personality;

    15. 2FA - two factor authentication.

§3 [SUBJECT MATTER OF THE REGULATIONS]

  1. The subject matter of the Regulations is to define:

    1. the rules under which the User has the right to voluntarily commit to store Tokens in the Individual User Account with the exclusion of the possibility of freely disposing of them for a predetermined period of time, in order to obtain the financial benefits described in the Regulations;

    2. the rules of receiving financial benefits by Users in connection with participation in Staking;

    3. the rights and obligations and responsibilities of the Administrator and the User in connection with Staking.

  2. Making the declarations of will by the User regarding the participation in Staking is voluntary.

  3. Prior acceptance of the Regulations is required in order to make a declaration of will regarding the participation in Staking. If the User revokes the declaration of Acceptance of the Regulations, the possibility of disposal of Tokens is automatically restored, but the User loses the right to obtain Bonus Tokens, i.e. the User has no right to claim the receipt of any financial benefits that have not yet been paid / transferred to it.

§4 [GENERAL PRINCIPLES OF STAKING]

  1. The total number of Bonus Tokens that the Organizer may award to Participants for participation in Staking is: 50,000,000 (in words: fifty million) Tokens. The Organizer reserves the right to increase the pool of Bonus Tokens at any time during Staking.

  2. There are two Staking periods which are the same for all Participants, i.e. 30 (in words: thirty) calendar days or 180 (in words: one hundred and eighty) calendar days.

  3. Staking will commence on 14 December 2021 at 00:01 and will end on 18 July 2022 at 23:59.

  4. The minimum number of Tokens which entitles the User to participate in Staking is 10,000 (ten thousand) GHX, and the maximum number for one User is 7,000,000 (in words: seven million) GHX (regardless of the number of declarations regarding the participation in Staking submitted by the User). The Organizer reserves the right to change the minimum number of Tokens entitling to participate in Staking, both to the benefit of the Users (by lowering it) and to the disadvantage of the Users (by increasing it). In the event of the introduction of changes referred to in the preceding sentence, they will apply to declarations of participation in Staking submitted after the date of announcement of such change by the Organiser. The User shall be informed of the changes referred to in the preceding sentence by a one-time message which will be displayed after logging in to the Individual User Account.

§5 [RULES FOR PARTICIPATION AND DURATION OF STAKING]

  1. Users entitled to participate in Staking are only those who have an active Individual User Account in the Panel, which contains saved Tokens. The Organizer does not provide for the possibility to include in Staking Tokens stored in external wallets or Tokens, in relation to each User separately, in an amount greater than the sum of Tokens that a particular User has received within the TGE (in accordance with §8 clause 4 of the Master Regulations).

  2. Before accepting the User's declaration to participate in Staking, the Organiser shall verify the User's compliance with the obligations arising from the prevention of money laundering or terrorist financing, and in particular shall verify the fact of the User's submission of a KYC declaration and the result of that User's risk assessment. The Organizer has the right to require the User who wishes to participate in Staking to send additional information or documents for the purpose of KYC verification.

  3. The User has the right to submit a declaration to participate in Staking only during the period set forth in §4 clause 3 hereinabove. If the User chooses a 30-day Staking period:

    1. the User can make a declaration to participate in Staking no later than on 18 June 2022, provided that the limit of the pool of Bonus Tokens referred to in §4 clause 1 hereinabove has not yet been used up;

    2. Tokens in the number indicated by the User will participate in Staking on the next day after the User submits the declaration referred to in § 5 clause 5 below.

  4. If the User chooses a period of 180 days in the declaration to participate in Staking, the User may submit a declaration to participate in Staking no later than on 19 January 2022, provided that the pool of Bonus Tokens referred to in §4 clause 1 hereinabove has not yet been used up.

  5. By submitting a declaration to participate in Staking, it is understood that the User selects and confirms the function available in the Individual User Account which contains the declaration of the will to participate in Staking together with the selection of the Staking parameters indicated below:

    1. the number of Tokens to be included in Staking, by selecting the option: 25%, 50%, 75% or 100% of the Tokens in the Individual User Account or by specifying any other percentage of Tokens in the Individual User Account to be included in Staking, subject to the provisions of §4 clause 4 hereinabove;

    2. the duration of the Staking period which includes 30 (in words: thirty) calendar days or 180 (in words: one hundred and eighty) calendar days respectively.

  6. After the User submits the declaration referred to in §5 clause 5 hereinabove, the User confirms its choice by means of the 2FA code, and then receives at the e-mail address indicated in the Panel a confirmation with a summary of the key information about the submitted declaration to participate in Staking. Upon successful commencement of Staking, information about the anticipated financial benefits of Staking will appear in the Individual User Account.

  7. The User acknowledges that once Staking has commenced in relation to the declared number of Tokens, the User will not be able to change the Staking period in relation to those Tokens which have already been covered by Staking, i.e. during the Staking period the User will not have the right to shorten the Staking period (from 180 calendar days to 30 calendar days) or extend the Staking period (from 30 calendar days to 180 calendar days).

  8. The User has the ability to submit one or more declarations to participate in Staking in relation to all or part of the pool of the Tokens held by it in the Individual User Account provided that the maximum number of Tokens set out in § 4 clause 4 hereinabove is not exceeded.

  9. The User who has submitted a declaration to participate in Staking for a period of 30 (in words: thirty) calendar days has the option to use the Auto Renew option made available in the Individual User Account. If Auto Renew is selected, after the expiry of each 30-day period, Staking will automatically renew for another 30 (in words: thirty) calendar days.

  10. The User, during the Staking period for which it has chosen the Auto Renew option, has the option to resign from the Auto Renew option. If the User resigns from the Auto Renew option during Staking, the declaration of resignation will be effective on the last 30th (in words: thirtieth) day of Staking during which it is submitted.

  11. After successful commencement of Staking, the pool of available Bonus Tokens is reduced by the number of Bonus Tokens expected to be paid to the Participant after the end of the particular Staking, in the ratio 1:1 (expected number of Tokens to be paid reduces the pool of Bonus Tokens), and Bonus Tokens in this amount are reserved for payment to the Participant after the end of Staking. The User acknowledges that if 100% of the Bonus Token pool is reserved, participation in Staking will not be possible. In the event that, for whatever reason, the reserved Bonus Tokens are not paid to the Participant, the Bonus Tokens that were to be paid to the Participant are returned to the available pool of Bonus Tokens.

§5 [FINANCIAL BENEFITS OF PARTICIPATION IN STAKING]

  1. For participating in Staking, the User will be entitled to receive Bonus Tokens from the Organiser as set out hereinbelow:

    1. in relation to the Staking period of 30 (in words: thirty) calendar days the APR is 12% (in words: twelve percent) in relation to the number of Tokens covered by the Staking;

    2. in relation to the Staking period of 180 (in words: one hundred and eighty) calendar days the APR is 18% (in words: eighteen percent) in relation to the number of Tokens covered by the Staking.

Example:

The User declares to participate in Staking in relation to a quantity of 10,000 GHX for a period of 30 calendar days; the APR is 12%; after the expiry of 30 calendar days the User will be entitled to receive 100 GHX.

The User submits a declaration to participate in Staking in relation to a quantity of 10,000 GHX for a period of 180 calendar days; the APR is 18%; after the expiry of 180 calendar days the User will be entitled to receive 900 GHX.

  1. Bonus Tokens will be due and allocated by the Organiser each time after the end of a particular Staking Period, i.e. after the end of a period of 30 (in words: thirty) calendar days or a period of 180 (in words: one hundred and eighty) calendar days, depending on the option selected by the Participant.

  2. If the User chooses the Auto Renew option for the option of 30 (thirty) calendar days, each Staking period will be treated separately and the User will receive Bonus Tokens upon proper completion of the particular Staking period. Bonus Tokens awarded for a particular Staking period will not automatically participate in the next Auto Renew Staking Period.

§6 [END OF STAKING]

  1. In the case when:

    1. the User chooses the option of the Staking period of 30 (in words: thirty) calendar days, the User may submit, in relation to the same Tokens, a declaration to participate in Staking for another period of 30 (in words: thirty) calendar days. Such a declaration may be made by the User individually or with the use of the Auto Renew option, provided that the last declaration may not be made later than pursuant to §5 clause 3 letter a) hereinabove;

    2. the User chooses the option of the Staking period of 180 (in words: one hundred and eighty) calendar days, the User shall not be able to submit, in relation to the same Tokens, a declaration to participate in Staking for a further period.

  2. If the 30-day Staking period ends and no declaration is made to participate in Staking for a further period of 30 (in words: thirty) calendar days or the 180-day Staking period ends:

    1. the User regains the right to submit orders or instructions in the Individual User Account aimed at disposing of these Tokens;

    2. the Organiser shall pay the User the Bonus Tokens due to it by saving them in the Individual User Account within the next 5 (five) business days at the latest.

  3. The User may not terminate Staking before the expiry of the period set out in the declaration to participate in Staking, i.e., 30 (in words: thirty) calendar days or 180 (in words: one hundred and eighty) calendar days. THE USER REPRESENTS THAT IT PARTICIPATES IN STAKING VOLUNTARILY AND IS AWARE THAT DURING THE DECLARED PERIOD OF STAKING IT WILL NOT BE ABLE TO DISPOSE OF THE TOKENS COVERED BY STAKING, TO WHICH IT HEREBY AGREES.

§7 [EXPIRATION OF STAKING]

  1. The opportunity to participate in Staking or to continue participating in Staking expires when the one of these events occurs:

    1. the end of the Staking period or the expiry of the opportunity to submit a declaration to participate in Staking;

    2. withdrawal by the Organiser in cases set out in the Regulations,

    3. the Organizer has a reasonable suspicion of money laundering or terrorism financing by the User;

    4. the Organiser's withdrawal from organising or continuing Staking as a result of force majeure events.

  2. For the avoidance of doubt, the Organizer represents that the value of financial benefits, Bonus Tokens - if their allocation is provided for by the rules of Staking - is not converted into the equivalent of Bonus Tokens or financial benefits in monetary units and is not refundable. The User is not entitled to any claims on this account.

§8 [THE ORGANIZER]

  1. The Organizer is not an entity that provides investment advisory or investment recommendations, including with respect to Staking.

  2. The Organizer shall not be liable for:

    1. malfunctions of the Panel, including breaks in its operation or inability to access the Panel, caused by circumstances beyond the Administrator's control, including in particular an unauthorized action of third parties or lack of compatibility of the Panel with the User's technical infrastructure;

    2. using the Panel in a manner inconsistent with the Regulations, applicable laws or good manners;

    3. possible changes in the price of the Token on the secondary market and possible losses resulting from the inability of Participants to sell them in connection with participation in Staking.

  3. The Organiser and its directors, senior employees, employees and/or agents shall not be liable for any action or failure to act in connection with Staking or for any loss suffered by the User in connection with or as a result of the participation in the Staking unless such loss is due to fraud or gross negligence on the part of the Organiser and persons acting on its behalf.

§9 [THE USER]

  1. The User submits a declaration to participate in Staking on its own account and not as an attorney-in-fact or agent. The User has such knowledge and such experience in financial and business matters that it is able to evaluate the advantages and risks of Staking, it is able to bear a total loss without damage to its financial condition and it is able to bear the economic risks of Staking for a defined period of time.

  2. By participating in Staking, the User does not rely on any advice or recommendation (in any form) from the Organiser or any other entity, and its decision to participate in Staking is voluntary and independent. The User participates in Staking on the basis of its own judgment or the advice of such professional advisers as it deems necessary to consult.

  3. The User is aware that participation in Staking and acquiring Bonus Tokens based on it may give rise to tax or other liabilities of a public law nature in some jurisdictions. CoinAxe shall not be liable for the User's legal and fiscal settlements, in particular for filing the relevant declarations or making the relevant settlements with the relevant authorities. The User acknowledges that it is its responsibility to ascertain and, if applicable, pay any tax and duty owed in connection with Staking. The User shall verify the existence of such obligation and the manner of its payment to the competent authority on its own and at its own expense. The Organizer does not provide tax advisory services. The User acknowledges that CoinAxe does not make any tax withholdings from the User nor withholds any taxes on behalf of the User or for the User.

  4. The User shall:

    1. ensure the legality of any actions taken under or in connection with Staking,

    2. use the Panel in a manner consistent with the Regulations, provisions of mandatory regulations and good manners, in particular in accordance with the purpose and functionality of the Panel,

    3. not make the Individual User Account available to unauthorized persons or entities, including by not transferring the password and keeping it properly secured,

    4. inform the Organiser immediately of any use of the Individual User Account by an unauthorised person or entity or of any attempt to do so.

  5. The User shall release the Organiser from any liability towards third parties which has arisen on the side of the Organiser as a result of the User's use of the Panel in a manner inconsistent with the Regulations, the provisions of the mandatory regulations or good manners, in particular by redressing the damage or taking other actions in order to terminate the claims of third parties.

§10 [PERSONAL DATA]

  1. Data processing is carried out in accordance with the Privacy Policy available at https://account.gamerhash.io/en/p/privacy-policy . The User should read its content prior to submitting a declaration to participate in Staking.

§11 [CLAIMS]

  1. The User may report to the Administrator reservations or discovered irregularities concerning the functioning of the Panel (claim) in an electronic form, to the e-mail address [email protected] or in writing to the Administrator's address.

  2. The claim shall contain at least:

    1. indication of the first name, surname and e-mail address identifying the Individual User Account,

    2. description of circumstances justifying the notification, in particular incorrect operation of the Panel, lack of its full functionality, etc,

    3. the User's request formulated in connection with the submitted claim.

  3. The Administrator shall handle the claim meeting the requirements set out in clause 2 hereinabove within 14 (in words: fourteen) days of its delivery to the Administrator.

  4. The Administrator shall inform the User about the settlement of the claim in a form analogous to the form of lodging the claim (lodging the claim in the form of an e-mail = information about the settlement of the claim in the form of an e-mail; lodging the claim in writing = information about the settlement of the claim in writing).

§ 12 [FINAL PROVISIONS]

  1. Unless the Regulations provide otherwise, the Administrator and the User may communicate by means of an Individual User Account or by e-mail, whereas the User may only use the e-mail address provided when creating the Individual User Account. Questions regarding the functioning of the Panel may be sent by the User electronically, to the e-mail address [email protected].

  2. The Administrator and the User are responsible for protecting their own interests in the electronic transmission of data, taking into account that it is not possible to guarantee absolute security or error-free electronic transmission of data that may be intercepted, damaged, lost, destroyed or may arrive late or incomplete. In particular, the Administrator shall not be liable for the consequences of the User's failure to exercise due diligence in ensuring the security of the data transmitted from the User's device.

  3. Except for conflict of law rules under international law, the law of the Republic of Malta shall govern any disputes arising out of the conclusion, performance or termination of the legal relationship between the User and CoinAxe.

  4. In the event that individual provisions of the Regulations are deemed invalid, in particular due to the violation of the legal order of a country whose law is applicable as a result of the application of the conflict of laws rules referred to in clause 1 hereinabove, the other provisions of the Regulations shall remain in force and the invalid provision shall be replaced by a provision that is consistent with the basic intentions and purposes of the Regulations.

  5. In case of disputes with Users, including those with consumer status, all conflicts shall be resolved amicably. The User, being a consumer, may address the competent authorities for the protection of consumer rights to resolve the dispute. At www.ec.europa.eu/consumers/odr a platform for online dispute resolution between consumers and traders at EU level (the ODR platform) is available through which the User may lodge a claim. The ODR platform is an interactive and multilingual website with comprehensive services for consumers and traders seeking out-of-court dispute resolution. The foregoing shall not preclude the User from asserting its rights in court.

  6. The Administrator reserves the right to amend the Regulations for important legal, organizational or technical reasons. The amendment to the Regulations shall be effective as of the date set out by the Administrator, but no shorter than 14 (in words: fourteen) calendar days from the date the new version of the Regulations is made available on the Panel's website - https://account.gamerhash.io or by the Administrator sending a message to the e-mail address indicated during Registration. If the User does not accept the new Regulations, it will have the right to resign from participation in Staking while maintaining a pro rata amount of Bonus Tokens for the period of participation in Staking, in relation to the period of Staking declared at the beginning. Continued use of the Panel shall be understood as the acceptance of the change of the Regulations by the User.

  7. The Regulations shall enter into force on 14 December 2021.