Last updated 02.02.2019
Terms of Service
1.1 By using and/or visiting the MARKET section of the Website play.goc.network/market ("PLAY MARKET LTD") or by using an account on the Website you agree to be bound by:
1.1.1 The General Terms and Conditions, on this page;
1.1.3 Any terms and conditions of promotions and special offers which may be found on the PLAY MARKET from time to time.
1.2 All of the terms and conditions listed above shall together be referred to as "the Terms", "Terms" or "these Terms".
2 TERMS OF SERVICE CONDITIONS
2.1.1 By refusing to accept modified or changed terms made by PLAY MARKET LTD with an existing account, you have requested account termination and you agree to abide by the Terms stated in section 15.4.1
3.1 PLAY MARKET LTD ("us", "our", "we" or the "Company");
3.2 In these Terms:
3.3.1 "Your Jurisdiction" means the jurisdiction in which you are domiciled, reside or work.;
3.3.2 Reference to "Deposit Funds" means the funds that you deposit into Your PLAY MARKET account, in each case that have not been spent on (committed to) trades including trades which are not yet completed, plus any applicable dividends;
3.3.3 Reference to "All Funds" means all Deposit Funds
3.3.5 reference to "Winnings" is to any and all winnings resulting from, but not limited to, tokens won through promotions such as trading competitions offered by us through the use of tokens which you deposited into Your PLAY MARKET account.
3.3.6 "Cryptocurrency" is a decentralised digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
3.3.7 "Private key" is a cryptographic system that uses pairs of keys; public keys which may be disseminated widely, and private keys which are known only to the owner.
4.1 By registering to use a PLAY MARKET Account, you have affirmed that you are at least 21 years old and are an individual, legal person or other organization with full legal capacity to enter into this User Agreement between you and PLAY MARKET LTD. If you are not, you and your guardian shall undertake all consequences resulting from your actions and PLAY MARKET LTD shall have the right to cancel or freeze your account in addition to filing claims against you and your guardian for compensation.
5 PROHIBITION OF USE
5.1 By accessing and using PLAY MARKET and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list or OFAC (Office of Foreign Assets Control of the U.S. Treasury Department). PLAY MARKET LTD maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. PLAY MARKET LTD maintains its stance that prohibited users are not to use or access PLAY MARKET and any of its services.
6 DESCRIPTION OF SERVICES
6.1 PLAY MARKET LTD provides an online digital asset trading platform (crypto to crypto) for products generally known as cryptographic tokens, digital tokens, cryptocurrency, or cryptographic currency. PLAY MARKET LTD does not provide fiat trading capabilities on its platform and as such is not subjected to the regulations that come with it. PLAY MARKET functions as a trading platform provider and is not a buyer or seller in trades made between traders. PLAY MARKET LTD is also not a market maker. Traders must register and open an account with PLAY MARKET and deposit digital assets prior to commencement of trading. Traders may request the withdrawal of their digital assets, subject to the limitations as stated in the Terms and Conditions.
6.1.1 PLAY MARKET LTD makes great efforts to maintain the accuracy of information posted on its website however it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content through the website and will not accept liability for any loss or damage that may arise directly or indirectly from the content. Information on PLAY MARKET website can be subjected to change without notice and is provided for the primary purpose of facilitating users to arrive at independent decisions. PLAY MARKET LTD does not provide investment or advisory advice and will have no liability for the use or interpretation of information as stated in its website or other communication mediums. All users of PLAY MARKET must understand that there are risks involved in trading. PLAY MARKET LTD encourages all users to exercise prudence and trade responsibly within their own means.
6.1.2 While PLAY MARKET LTD emphasises platform security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance when possible), it will be non-accountable to Act of God, malicious targeted hacking, terrorist attacks and other unforeseen circumstances. PLAY MARKET LTD reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions. Subject to change in accordance section 2.1 of these terms, PLAY MARKET LTD will not ask for any password from its users, will not ask users for users private keys, nor ask users to transfer funds that are not listed on its trading platform. Users are encouraged to exercise prudence in dealing with discounts or promotions that could lead to them getting scammed. While the list is non-exhaustive, you agree that PLAY MARKET LTD will not be held responsible for any losses arising from the situations stated above.
6.2 By using PLAY MARKET LTD and any of its services, you declare that all information to PLAY MARKET in connection with these Terms are true, accurate and complete.
7 USER INFORMATION VERIFICATION
7.1 With Creation of an account on PLAY MARKET, you agree to share the required information requested for the purposes of user verification (cryptocurrency wallet and cryptocurrency wallet address). This information is used specifically for the detection of money laundering, terrorist financing, fraud and other financial crimes on the PLAY MARKET platform. In addition to providing this information, to facilitate compliance with global industry standards for data retention, you agree to permit us to keep a record of such information for the lifetime of your account plus 5 years beyond account closing. You also authorise us to make inquiries, either directly or through third parties, that are deemed necessary to verify your account information or to protect you and/or us against financial crimes such as fraud.
7.1.1 The Verification information we request may be your cryptocurrency wallet address and your cryptocurrency wallet balance. In providing this required information, you confirm that it is accurate, authentic and that you are the rightful owner of the cryptocurrency wallet that you have submitted to PLAY MARKET. Moreover, you must guarantee that the information is truthful and complete. If there is any reasonable doubt that any information provided by you is wrong or untruthful, PLAY MARKET LTD shall have the right to notify you to demand corrections, remove relevant information directly and terminate all or part of PLAY MARKET Service to you. You hereby acknowledge and agree that you have the obligation to keep all information provided up to date if there are any changes.
8 ACCOUNT USAGE REQUIREMENTS
8.1 PLAY MARKET accounts can only be used by the wallet address owner. PLAY MARKET LTD reserves the right to suspend, freeze or cancel accounts that are used by persons other than the wallet address owner. Accordingly, PLAY MARKET LTD will not take legal responsibility for these accounts.
9 ACCOUNT SECURITY
9.1 PLAY MARKET LTD prioritizes maintaining the safety of those user funds entrusted to us and has implemented industry standard protections for our platform. With that said, there are account-level risks that are created by individual user actions. You are required to understand the need to independently take safety precautions to protect your own account and personal information.
9.1.1 You shall be solely responsible for the safekeeping of your PLAY MARKET account and password on your own, and you shall be responsible for any and all activities under your log-in credentials, PLAY MARKET account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement, etc.).
9.2 You hereby agree that:
(a) you will notify PLAY MARKET LTD immediately if you are aware of any unauthorized use of your PLAY MARKET account by any person or any other violations to the security rules;
(b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of PLAY MARKET; and
(c) you will sign-out from the website by taking proper steps at the end of every visit.
9.2.1 PLAY MARKET LTD will not be responsible for any loss or consequences caused by your failure to comply with the above Account Security provision.
10 DISPUTE RESOLUTION
10.1 PLAY MARKET LTD reserves the right to resolve issues and disputes at its sole discretion. Issues include, but are not limited to, infringement of others’ rights, violation of laws and regulations, abnormal trades and others not included in the Terms. Users agree to bear the costs arising from the process of dispute resolution.
11 GUIDELINES FOR USAGE OF SERVICES PROVIDED BY PLAY MARKET
11.1 You hereby agree to observe the following covenants during your use of services on PLAY MARKET:
● All the activities that you carry out during the use of PLAY MARKET Services will be in compliance with the requirements of applicable laws, regulations, as well as the various guidelines of PLAY MARKET,
● will not be in violation of public interests, public ethics or other’s legitimate interests,
● will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules.
● using a device, software or subroutine to interfere with the site
● overloading network equipment with unreasonable data loading requests
● executing malicious sales or purchases on the market
11.1.3 By accessing the PLAY MARKET Service, you agree that PLAY MARKET LTD shall have the right to unilaterally determine whether you have violated any of the above covenants and take actions to apply relevant rules without receiving your consent or giving prior notice to you. Examples of such actions include, but are not limited to
● block and close order requests
● freezing your account
● reporting the incident to authorities
● publishing the alleged violations and actions that have been taken
● deleting any information you published that is in violation
11.2 If your alleged violation causes any losses to a third party, you shall solely undertake all the legal liabilities in your own name and exclude PLAY MARKET LTD from any loss, fine or extra expenses. If, due to any alleged violation PLAY MARKET LTD incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify PLAY MARKET LTD in full against any losses and expense caused thereby, including reasonable attorney’s fee.
12 SERVICE FEES
12.1 PLAY MARKET LTD reserves the rights to levy service fees on users who use its services. It is in the discretion of PLAY MARKET LTD to adjust the service fees charged to users using its services.
13.1.1 PLAY MARKET LTD will provide the PLAY MARKET Service at an “as is” and “commercially available” condition and does not offer any form of warranty with regards to the Service’s reliability, stability, accuracy and completeness of the technology involved. PLAY MARKET serves merely as a venue of transactions where token-related information can be acquired, and token-related transactions can be conducted. PLAY MARKET LTD cannot control the quality, security or legality of the token involved in any transaction, truthfulness of the transaction information, or capacity of the parties to any transaction to perform their obligations under the rules. You must carefully consider the associated investment risks, legal status and validity of the transaction information and investment decisions prior to your use of the PLAY MARKET Services provided.
13.2.1 You acknowledge and agree, PLAY MARKET LTD shall not be liable for any of your losses caused by any of the following events, including but not limited to:
● Losses of profits, goodwill, usage or data or any other intangible losses
● Use or failure to use the PLAY MARKET Service
● Unauthorized use of your account or unauthorized alteration of your data by third parties
● Your misunderstanding of the PLAY MARKET Service
● Any other losses related to the PLAY MARKET Service which are not directly attributable to PLAY MARKET
13.2.2 In no event shall PLAY MARKET LTD be liable for any failure or delay of service resulting from regular network maintenance or external factors such as power failure, natural disaster, service provider-side problems or governmental acts.
13.3.1 You agree to indemnify and hold harmless PLAY MARKET LTD, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of your breach or our enforcement of this Agreement. This shall also apply to your violation of any applicable law, regulation, or rights of any third party during your use of the PLAY MARKET Service.
14.1 Please be aware that all official announcements, news, promotions and competitions will be listed on https://t.me/OfficialPLAYAnnouncements where we encourage all users to refer to regularly. PLAY MARKET LTD will not be held liable or responsible in any manner of compensation should users incur personal losses arising from ignorance or negligence of the announcements.
14.2 GOC Dividend deposit announcements will be displayed on https://play.goc.network/airdrops/
15 TERMINATION OF AGREEMENT
● The account is subject to a governmental proceeding, criminal investigation or other pending litigation
● We detect unusual activity in the account
● We detect unauthorized access to the account
● We are required to do so by a court order or command by a regulatory/government authority 15.2 In case of any of the following events, PLAY MARKET LTD shall have the right to directly terminate this agreement by cancelling your account, and shall have the right to permanently freeze (cancel) the authorizations of your account on PLAY MARKET and withdraw the corresponding PLAY MARKET account thereof:
● after PLAY MARKET LTD terminates services to you,
● you allegedly sign in with any other person’s account as a PLAY MARKET user again, either directly or indirectly;
● the main content of user’s information that you have provided is untruthful, inaccurate, outdated or incomplete;
● when this agreement (including the rules) is amended, you do not accept the updated terms of service;
● any other circumstances where PLAY MARKET LTD deems it should terminate the services.
15.3 Should the account be terminated, the account & transactional information required for meeting data retention standards will be securely stored for five years. In addition, if a transaction is unfinished during the account termination process, PLAY MARKET LTD shall have the right to notify your counterparty of the situation at that time.
15.4 Remaining funds after account termination (at account owner's request)
15.4.1 Once the account is closed/withdrawn, all remaining balance(s) (including charges and liabilities owed to PLAY MARKET LTD) on the account will be payable at once to PLAY MARKET LTD. Upon payment of all outstanding charges to PLAY MARKET LTD (if any), the user will have 3 weeks to withdraw all funds from the account.
15.5 Remaining funds after account termination (fraud/AML/violation of terms)
15.5.1 PLAY MARKET LTD maintains full custody of the funds and user data/information which may be turned over to the authorities in event of account suspension/closure arising from fraud investigations, AML investigations or violation of PLAY MARKET LTD’s Terms including but not limited to trading on PLAY MARKET from a sanctioned country.
16 COMPLIANCE WITH LOCAL LAWS
16.1 It is the responsibility of the user to abide by local laws in relation to the legal usage of PLAY MARKET in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. All users of PLAY MARKET and any of its services acknowledge and declare that the source of their funds come from a legitimate manner and are not derived from illegal activities. PLAY MARKET LTD maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the account and funds of users which are flagged out or investigated by legal mandate.
18 INDEMNITY AND DISCLAIMER
18.1 You agree to indemnify PLAY MARKET LTD and its entirety of affiliates and hold them harmless from and against all third-party claims except from PLAY MARKET LTD’s breach of these Terms. As mentioned in description of services, PLAY MARKET LTD strives its best to maintain the data integrity on its site but does not guarantee the information and services provided in its platform. PLAY MARKET LTD will not be liable for errors arising from the use of its services.
19.1 If you have any complaints, feedback or questions, please contact email@example.com and we will in our best efforts try to resolve it for you.