Last revised: Jan 10th 2021
These Terms constitute a legal agreement and create a binding contract between you and Nami.Exchange Operators.
Nami.Exchange reserves the right to change or modify these Terms in its discretion at any time. Nami.Exchange will notify such changes by updating the terms on its website (https://nami.exchange/terms-of-service) and modifying the [Last revised] date displayed on this page. ANY AND ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF NAMI.EXCHANGE SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST STOP USING NAMI.EXCHANGE SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO FREQUENTLY REVIEW THESE TERMS TO ENSURE YOUR UNDERSTANDING OF THE TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF NAMI.EXCHANGE SERVICES.
BY ACCESSING AND USING Nami.Exchange SERVICES, YOU REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST), THE LIST OF SPECIALLY DESIGNATED NATIONALS MAINTAINED BY OFAC (THE OFFICE OF FOREIGN ASSETS CONTROL OF THE U.S. DEPARTMENT OF THE TREASURY), OR THE DENIED PERSONS OR ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE. Nami.Exchange RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF Nami.Exchange SERVICES IN CERTAIN COUNTRIES OR REGIONS.
As an important part of the Nami.Exchange Ecosystem, Nami.Exchange mainly serves as a global online platform for Digital Assets trading, and provides Users with a trading platform, financing services, technical services and other Digital Assets-related services. As further detailed in Article 3 below, Users must register and open an account with Nami.Exchange, and deposit Digital Assets into their account prior to trading. Users may, subject to the restrictions set forth in these Terms, apply for the withdrawal of Digital Assets.
By registering to use a Nami Exchange Account, you represent and warrant that: (i) as an individual, you are at least 18 or are of legal age to form a binding contract under applicable laws; (ii) as an individual, legal person, or other organization, you have full legal capacity and sufficient authorizations to enter into these Terms; (iii) you have not been previously suspended or removed from using the Nami Exchange Platform or the Nami Exchange Services; (iv) you do not have an existing Nami Exchange Account; (v) you are not resident, located in or otherwise attempting to access the Nami Exchange Platform or the Nami Exchange Services from, or otherwise acting on behalf of a person or legal entity that is resident or located in, a Restricted Location. For the purposes hereof, “Restricted Location” shall include the United States, Malaysia, Mainland China, Iran, North Korea, Cuba, Ontario (Canada), and such other locations as designated by Nami Exchange Operators from time to time as a “Restricted Location” for the purposes hereof; (vi) if you act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you represent and warrant that you have all the necessary rights and authorizations to bind such legal entity and to access and use the Nami Exchange Platform and Nami Exchange Services on behalf of such legal entity; and (vii) your use of the Nami Exchange Platform and the Nami Exchange Services will not violate any and all laws and regulations applicable to you or the legal entity on whose behalf you are acting, including but not limited to regulations on anti-money laundering, anti-corruption, and counter-terrorist financing.
The Nami.Exchange Account can only be used by the account registrant. Nami.Exchange reserves the right to suspend, freeze or cancel the use of Nami.Exchange Accounts by persons other than account registrants. If you suspect or become aware of any unauthorized use of your username and password, you should notify Nami.Exchange immediately. Nami.Exchange assumes no liability for any loss or damage arising from the use of Nami.Exchange Account by you or any third party with or without your authorization.
Nami.Exchange has been committed to maintaining the security of User entrusted funds, and has implemented industry standard protection for Nami.Exchange Services. However, the actions of individual Users may pose risks. You shall agree to treat your access credentials (such as username and password) as confidential information, and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your Nami.Exchange Account and personal information.
you will notify Nami.Exchange immediately if you are aware of any unauthorized use of your Nami.Exchange Account and password or any other violation of security rules;
you will strictly abide by all mechanisms or procedures of Nami.Exchange regarding security, authentication, trading, charging, and withdrawal; and
you will take appropriate steps to logout from Nami.Exchange at the end of each visit.
your transaction counterparty;
Nami.Exchange Operators, and the shareholders, partners, investors, directors, supervisors, senior managers and employees of such entities;
our joint ventures, alliance partners and business partners;
our agents, contractors, suppliers, third-party service providers and professional advisers, including the parties who have been contracted to provide us with administrative, financial, research, operations, IT and other services, in such areas as telecommunications, information technology, payroll, information processing, training, market research, storage and archival;
third-party business partners who provide goods and services or sponsor contests or other promotional activities, whether or not in cooperation with us;
insurance companies or insurance investigators and credit providers;
credit bureaus, or any debt collection agencies or dispute resolution centers in the event of violation or dispute;
business partners, investors, trustees or assignees (actual or expected) that promote business asset transactions (which can be broadened to include any merger, acquisition or asset sale) of Nami.Exchange Operators;
professional consultants such as auditors and lawyers;
relevant government regulatory agencies or law enforcement agencies to comply with laws or regulations formulated by government authorities;
assignees of our rights and obligations;
banks, credit card companies and their respective service providers;
persons with your consent as determined by you or the applicable contract.
Upon completion of the registration and identity verification for your Nami.Exchange Account, you may use various Nami.Exchange Services, including but not limited to, Crypto-to-crypto Trading, contract trading, leveraged trading, Nami.Exchange Savings services, staking, acquiring market-related data, research and other information released by Nami.Exchange, participating in User activities held by Nami.Exchange, etc., in accordance with the provisions of these Terms (including Nami.Exchange Platform Rules and other individual agreements). Nami.Exchange has the right to:
Provide, modify or terminate, in its discretion, any Nami.Exchange Services based on its development plan; and
Allow or prohibit some Users’ use of any Nami.Exchange Services in accordance with relevant Nami.Exchange Platform Rules.
Provided that you constantly comply with the express terms and conditions stated in these Terms, Nami.Exchange grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use Nami.Exchange Services through your computer or Internet compatible devices for your personal/internal purposes. You are prohibited to use Nami.Exchange Services for resale or commercial purposes, including transactions on behalf of other persons or entities. All the above actions are expressly prohibited and constitute a material violation of these Terms. The content layout, format, function and access rights regarding Nami.Exchange Services should be stipulated at the discretion of Nami.Exchange. Nami.Exchange reserves all rights not expressly granted in these Terms. Therefore, you are hereby prohibited from using Nami.Exchange Services in any way not expressly authorized by these Terms.
When you use Nami.Exchange Services, you agree and undertake to comply with the following provisions:
During the use of Nami.Exchange Services, all activities you carry out should comply with the requirements of applicable laws and regulations, these Terms, and various guidelines of Nami.Exchange;
Your use of Nami.Exchange Services should not violate public interests, public morals, or the legitimate interests of others, including any actions that would interfere with, disrupt, negatively affect, or prohibit other Users from using Nami.Exchange Services;
You agree not to use the services for market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering, regardless of whether prohibited by law);
Without written consent from Nami.Exchange, the following commercial uses of Nami.Exchange data are prohibited: 1) Trading services that make use of Nami.Exchange quotes or market bulletin board information. 2) Data feeding or streaming services that make use of any market data of Nami.Exchange. 3) Any other websites/apps/services that charge for or otherwise profit from (including through advertising or referral fees) market data obtained from Nami.Exchange.
Without prior written consent from Nami.Exchange, you may not modify, replicate, duplicate, copy, download, store, further transmit, disseminate, transfer, disassemble, broadcast, publish, remove or alter any copyright statement or label, or license, sub-license, sell, mirror, design, rent, lease, private label, grant security interests in the properties or any part of the properties, or create their derivative works or otherwise take advantage of any part of the properties.
You may not (i) use any deep linking, web crawlers, bots, spiders or other automatic devices, programs, scripts, algorithms or methods, or any similar or equivalent manual processes to access, obtain, copy or monitor any part of the properties, or replicate or bypass the navigational structure or presentation of Nami.Exchange Services in any way, in order to obtain or attempt to obtain any materials, documents or information in any manner not purposely provided through Nami.Exchange Services; (ii) attempt to access any part or function of the properties without authorization, or connect to Nami.Exchange Services or any Nami.Exchange servers or any other systems or networks of any Nami.Exchange Services provided through the services by hacking, password mining or any other unlawful or prohibited means; (iii) probe, scan or test the vulnerabilities of Nami.Exchange Services or any network connected to the properties, or violate any security or authentication measures on Nami.Exchange Services or any network connected to Nami.Exchange Services; (iv) reverse look-up, track or seek to track any information of any other Users or visitors of Nami.Exchange Services; (v) take any actions that imposes an unreasonable or disproportionately large load on the infrastructure of systems or networks of Nami.Exchange Services or Nami.Exchange, or the infrastructure of any systems or networks connected to Nami.Exchange services; (vi) use any devices, software or routine programs to interfere with the normal operation of Nami.Exchange Services or any transactions on Nami.Exchange Services, or any other person’s use of Nami.Exchange Services; (vii) forge headers, impersonate, or otherwise manipulate identification, to disguise your identity or the origin of any messages or transmissions you send to Nami.Exchange, or (viii) use Nami.Exchange Services in an illegal way.
Blocking and closing order requests;
Freezing your account;
Reporting the incident to the authorities;
Publishing the alleged violations and actions that have been taken;
Deleting any information you published that are found to be violations.
Upon completion of the registration and identity verification for your Nami.Exchange Account, you may conduct Crypto-to-crypto Trading on Nami.Exchange in accordance with the provisions of these Terms and Nami.Exchange Platform Rules.
Upon sending an instruction of using Nami.Exchange Services for Crypto-to-crypto Trading (an “Order”), your account will be immediately updated to reflect the open Orders, and your Orders will be included in Nami.Exchange’s order book to match other users’ Orders. If one of your Orders fully or partially matches another user’s Order, Nami.Exchange will execute an exchange (a “Transaction”). Once the Transaction is executed, your account will be updated to reflect that the Order has been fully executed and closed, or the Order has been partially executed. The Order will remain incomplete until it is fully executed or cancelled under paragraph (b) below. To conclude a Transaction, you authorize Nami.Exchange to temporarily control the Digital Currencies involved in your Transaction.
For Orders initiated through Nami.Exchange Services, you may only cancel them before they have been matched with other Users’ Orders. Once your Order has been matched with another user’s Order, you may not change, revoke or cancel Nami.Exchange’s authorization to complete the Order. For any partially matched Order, you may cancel the unmatched part of the Order unless such portion has been matched. Nami.Exchange reserves the right to reject any cancellation request related to the Order you have submitted. If your account does not have sufficient amount of Digital Currencies to execute an Order, Nami.Exchange may cancel the entire Order, or execute part of the Order with the amount of Digital Currencies you have in your account (in each case, any Transaction related fees payable to Nami.Exchange are deducted as stated in paragraph (c) below).
You agree to pay Nami.Exchange the fees specified in https://nami.exchange/fee-schedule. Nami.Exchange may, in its discretion, update the fees at any time. Any updated fees will apply to any sales or other Transactions that occur following the effective date of the updated fees. You authorize Nami.Exchange to deduct from your account any applicable fees that you owe under these Terms.
In addition to the Crypto-to-crypto Trading that allows users to directly place orders as mentioned in paragraph (a) above, Nami.Exchange may, in its discretion, provide technical and platform services for other types of Crypto-to-crypto Trading under its separately formulated Nami.Exchange Platform Rules, such as One Cancels the Other (OCO) and block trade.
Unless otherwise specified by Nami.Exchange, to conduct Futures Trading, you must conclude with Nami.Exchange a separate Nami.Exchange Futures Service Agreement (https://nami.exchange/terms-of-futures) and open a special Collateral Account, following the completion of registration and identity verification for your Nami.Exchange Account. You acknowledge and agree that:
Unless otherwise specified by Nami.Exchange, prior to conducting Margins Trading, you must open a special Collateral Account and/or complete other related procedures, following the completion of registration and identity verification for your Nami.Exchange Account.
Margins Trading is highly risky. As a leveraged trader, you acknowledge and agree that you access and use Margins Trading and borrowing services at your own risk, which include but are not limited to:
The liquidity, market depth and dynamics of the trading market fluctuate violently and change rapidly. The use of leverage may work to your advantage or disadvantage, which may result in major gains or losses as the case may be.
You are not eligible to receive forked currencies split from any blockchain assets in your Collateral Account, even if you have not engaged in any Margins Trading or borrowing at all.
Loans carry risk, and the value of your blockchain assets may decline. If the value of your assets drops to a certain level, you are responsible for dealing with these market circumstances.
In some market situations, you may find it difficult or impossible to liquidate a position. This may occur, for example, as a result of insufficient market liquidity or technical issues on Nami.Exchange.
Placing contingent Orders does not necessarily limit your losses to the expected amount, as market conditions may prevent you from executing such orders.
Margins Trading does not have guaranteed measures against losses. As a borrower, you may suffer losses that exceed the amount you deposited into your Collateral Account.
You represent and warrant that you are neither from the U.S. nor on any list of trade embargoes or economic sanctions, such as the Specially Designated National by OFAC (The Office of Foreign Assets Control of the U.S. Department of the Treasury).
You should fully understand the risks associated with Margins Trading and Lending, and be fully responsible for any trading and non-trading activities under your Nami.Exchange Account and Collateral Account. You should not engage in Transactions or invest in funds that are beyond your financial capacities;
You are fully responsible for knowing the true status of any position, even if Nami.Exchange may present it incorrectly at any time;
You agree to keep enough Digital Assets in your Collateral Account, as required by Nami.Exchange for Users’ engagement in Margins Trading, and promptly repay your loan in full. Failure to keep enough assets or to timely repay the outstanding loan may result in forced liquidation of the assets in your Collateral Account;
Even if with the ability to forcefully liquidate any position, Nami.Exchange cannot guarantee to stop losses. If your assets are insufficient to repay the outstanding loan after the liquidation of your position, you are still liable for any further shortfall of assets;
Nami.Exchange may take measures, in its discretion and on your behalf, to reduce your potential losses, including but not limited to, transferring assets from your Collateral Account into your Nami.Exchange Account and/or vice versa;
During Nami.Exchange system maintenance, you agree to be fully responsible for managing your Collateral Account under risks, including but not limited to, closing positions and repaying your loan.
You agree to conduct all Transactions, Margins Trading and/or borrowing on your own, and be fully responsible for your activities. Nami.Exchange assumes no liability for any loss or damage caused by your use of any Nami.Exchange services or your unawareness of the risks associated with the use of Digital Assets or with your use of Nami.Exchange Services.
Unless otherwise provided by Nami.Exchange, to borrow currencies, you must conclude with Nami.Exchange a separate Lending Services User Agreement and open a special Collateral Account and/or finish other relevant procedures, following the completion of registration and identity verification for your Nami.Exchange Account. You understand and agree that:
Nami.Exchange offers Nami.Exchange Savings, a service to provide Users with value-added services for their idle Digital Assets. To use Nami.Exchange Savings service, you must conclude with Nami.Exchange a separate Nami.Exchange Savings Service User Agreement (https://nami.exchange/saving-terms) and open a special Nami.Exchange Savings service account, following the completion of registration and identity verification for your Nami.Exchange Account. When using Nami.Exchange Savings service, you should note that:
Nami.Exchange will from time to time launch Staking Programs for specific types of Digital Currencies to reward, as per certain rules, users who hold such Digital Currencies in their Nami.Exchange Accounts. When participating in Staking Programs, you should note that:
TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, Nami.Exchange SERVICES, NAMI.EXCHANGE MATERIALS AND ANY PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF NAMI.EXCHANGE ARE OFFERED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND NAMI.EXCHANGE EXPRESSLY DISCLAIMS, AND YOU WAIVE, ANY AND ALL OTHER WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE OR NON-INFRINGEMENT OR WARRANTIES ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE IN TRADE. WITHOUT LIMITING THE FOREGOING, NAMI.EXCHANGE DOES NOT REPRESENT OR WARRANT THAT THE SITE, NAMI.EXCHANGE SERVICES OR NAMI.EXCHANGE MATERIALS ARE ACCURATE, COMPLETE, RELIABLE, CURRENT, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. NAMI.EXCHANGE DOES NOT GUARANTEE THAT ANY ORDER WILL BE EXECUTED, ACCEPTED, RECORDED OR REMAIN OPEN. EXCEPT FOR THE EXPRESS STATEMENTS, AGREEMENTS AND RULES SET FORTH IN THESE TERMS, YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE NOT RELIED UPON ANY OTHER STATEMENT OR AGREEMENT, WHETHER WRITTEN OR ORAL, WITH RESPECT TO YOUR USE AND ACCESS OF NAMI.EXCHANGE SERVICES. WITHOUT LIMITING THE FOREGOING, YOU HEREBY UNDERSTAND AND AGREE THAT NAMI.EXCHANGE WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO: (A) ANY INACCURACY, DEFECT OR OMISSION OF DIGITAL ASSETS PRICE DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, (C) INTERRUPTION IN ANY SUCH DATA, (D) REGULAR OR UNSCHEDULED MAINTENANCE CARRIED OUT BY NAMI.EXCHANGE AND SERVICE INTERRUPTION AND CHANGE RESULTING FROM SUCH MAINTENANCE, (E) ANY DAMAGES INCURRED BY OTHER USERS’ ACTIONS, OMISSIONS OR VIOLATION OF THESE TERMS, (F) ANY DAMAGE CAUSED BY ILLEGAL ACTIONS OF OTHER THIRD PARTIES OR ACTIONS WITHOUT AUTHORIZED BY NAMI.EXCHANGE; AND (G) OTHER EXEMPTIONS MENTIONED IN DISCLAIMERS AND PLATFORM RULES ISSUED BY NAMI.EXCHANGE.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL NAMI.EXCHANGE, ITS AFFILIATES AND THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS OR CONTRACTORS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR SIMILAR DAMAGES OR LIABILITIES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF DATA, INFORMATION, REVENUE, PROFITS OR OTHER BUSINESSES OR FINANCIAL BENEFITS) ARISING OUT OF NAMI.EXCHANGE SERVICES, ANY PERFORMANCE OR NON-PERFORMANCE OF NAMI.EXCHANGE SERVICES, OR ANY OTHER PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF NAMI.EXCHANGE AND ITS AFFILIATES, WHETHER UNDER CONTRACT, STATUTE, STRICT LIABILITY OR OTHER THEORY EVEN IF NAMI.EXCHANGE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES EXCEPT TO THE EXTENT OF A FINAL JUDICIAL DETERMINATION THAT SUCH DAMAGES WERE A RESULT OF NAMI.EXCHANGE’S GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT OR INTENTIONAL VIOLATION OF LAW. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
You agree to indemnify and hold harmless Nami.Exchange Operators, their affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims, actions, proceedings, investigations, demands, suits, costs, expenses and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of or related to (i) your use of, or conduct in connection with, Nami.Exchange Services, (ii) your breach or our enforcement of these Terms, or (iii) your violation of any applicable law, regulation, or rights of any third party during your use of Nami.Exchange Services. If you are obligated to indemnify Nami.Exchange Operators, their affiliates, contractors, licensors, and their respective directors, officers, employees or agents pursuant to these Terms, Nami.Exchange will have the right, in its sole discretion, to control any action or proceeding and to determine whether Nami.Exchange wishes to settle, and if so, on what terms.
Please be aware that all official announcements, news, promotions, competitions and airdrops will be listed on https://nami.io/. USERS UNDERTAKE TO REFER TO THESE MATERIALS REGULARLY AND PROMPTLY. NAMI.EXCHANGE 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 .
The Nami.Exchange Account is subject to a governmental proceeding, criminal investigation or other pending litigation;
We detect unusual activities in the Nami.Exchange Account;
We detect unauthorized access to the Nami.Exchange Account;
We are required to do so by a court order or command by a regulatory/government authority.
In case of any of the following events, Nami.Exchange shall have the right to directly terminate these Terms by cancelling your Nami.Exchange Account, and shall enjoy the right but not the obligation to permanently freeze (cancel) the authorizations of your Nami.Exchange Account on Nami.Exchange and withdraw the corresponding Nami.Exchange Account thereof:
after Nami.Exchange terminates services to you;
you allegedly register or register in any other person’s name as a Nami.Exchange User again, directly or indirectly;
the information that you have provided is untruthful, inaccurate, outdated or incomplete;
when these Terms are amended, you state your unwillingness to accept the amended Terms by applying for cancellation of your Nami.Exchange Account or by other means;
you request that Nami.Exchange Services be terminated; and
any other circumstances where Nami.Exchange deems it should terminate Nami.Exchange Services.
Except as set forth in paragraph 4 below, once a Nami.Exchange Account is closed/withdrawn, all remaining account balance (which includes charges and liabilities owed to Nami.Exchange) will be payable immediately to Nami.Exchange. Upon payment of all outstanding charges to Nami.Exchange (if any), Users will have 5 business days to withdraw all Digital Assets or funds from the account.
Nami.Exchange maintains full custody of the Digital Assets, funds and User data/information which may be turned over to governmental authorities in the event of Nami.Exchange Accounts’ suspension/closure arising from fraud investigations, investigations of violation of law or violation of these Terms.
Nami.Exchange is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities affected by you using Nami.Exchange Services. No communication or information provided to you by Nami.Exchange is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. Unless otherwise specified in these Terms, all trades are executed automatically, based on the parameters of your order instructions and in accordance with posted trade execution procedures, and you are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance, and you shall be solely responsible for any loss or liability therefrom. You should consult legal or tax professionals regarding your specific situation. Nami.Exchange does not recommend that any Digital Asset should be bought, earned, sold, or held by you. Before making the decision to buy, sell or hold any Digital Asset, you should conduct your own due diligence and consult your financial advisors prior to making any investment decision. Nami.Exchange will not be held responsible for the decisions you make to buy, sell, or hold Digital Asset based on the information provided by Nami.Exchange.
It is Users’ responsibility to abide by local laws in relation to the legal usage of Nami.Exchange Services in their local jurisdiction as well as other laws and regulations applicable to Users. Users must also factor, to the extent of their local laws all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. ALL USERS OF Nami.Exchange SERVICES ACKNOWLEDGE AND DECLARE THAT THEIR FUNDS COME FROM LEGITIMATE SOURCES AND DO NOT ORIGINATE FROM ILLEGAL ACTIVITIES; USERS AGREE THAT Nami.Exchange WILL REQUIRE THEM TO PROVIDE OR OTHERWISE COLLECT THE NECESSARY INFORMATION AND MATERIALS AS PER RELEVANT LAWS OR GOVERNMENT ORDERS TO VERIFY THE LEGALITY OF THE SOURCES AND USE OF THEIR FUNDS .Nami.Exchange maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate Users’ accounts and funds which are flagged out or investigated by legal mandate.
PLEASE READ THIS SECTION CAREFULLY, AS IT INVOLVES A WAIVER OF CERTAIN RIGHTS TO BRING LEGAL PROCEEDINGS, INCLUDING AS A CLASS ACTION.
1. Independent Parties. Nami.Exchange is an independent contractor but not an agent of you in the performance of these Terms. These Terms shall not be interpreted as facts or evidence of an association, joint venture, partnership, or franchise between the parties.