Terms & conditions

Last modified: 7 october, 2024

Thank you for visiting bountive.fi. By visiting, accessing, or using bountive.fi and associated site links, protocol, application program, interface, or mobile applications (“Site”), You or the company or other legal entity you represent (“User” or “You”) consent to the Terms of Service (the “Terms”) entered into between Block3Labs ( “the team”, “we,” “us” and “our”) and You, and constitutes a binding legal agreement, so please read them carefully. By accessing or using our Services (defined below), you accept and agree to be legally bound by and to comply with these Terms. If You do not agree to these Terms, do not access or use the Services.

Bountive is a decentralized prize savings protocol on Starknet, empowering users with no-risk prize games. By accessing or using our Services, You agree that the team are the developers of a decentralized protocol for users to access and utilize solely in compliance with Applicable Law (defined below). Bountive operates autonomously on a decentralized network and, as a result, the team has no control over user transactions. You accordingly acknowledge that you use the Services at your own risk and agree that the team will not be responsible for any losses that occur as a result of your use of the Services.

The Site provides a user interface tool to enable users to interact and experiment with the Services for informational and educational purposes only. The team does not intermediate any such use or access to the blockchain and therefore You are responsible for complying with Applicable Law in connection with your use thereof.

We reserve the right to change or modify the terms and conditions contained in the Terms, including but not limited to any policy or guideline of the platform, at any time and our sole discretion. We will provide notice of these changes by posting the revised Terms and changing the "Last updated" date at the top of the Terms, or by any other means as determined by us at our sole discretion. Any changes or modifications will be effective immediately upon posting the revisions to the Site or at the instant that we transmit the information. These changes will apply at that instant to all then current and subsequent uses or Services.

You waive any right You may have to receive specific notice of such changes or modifications. Your continued use of this platform acts as acceptance of such changes or modifications. If You do not agree to the Terms in effect when You access or use the platform, You must stop using our Services. We encourage You to frequently review the Terms to ensure that You understand the terms and conditions that apply to your access to, and use of, the Services. If You have any questions regarding the use of the Site, please contact [e-mail].

The Terms and any terms expressly incorporated herein apply to your access to and use of, any Services. The Terms do not alter in any way the terms or conditions of any other agreement You may have with the team for products, services, or otherwise. If You are using the Service on behalf of any entity, You represent and warrant that (a) such legal entity is duly organized and validly existing under the Applicable Laws of the jurisdiction of its organization and (b) You are authorized to accept the Terms on such entity’s behalf and that such entity agrees to be responsible to us if You violate the Terms.

You should read the Terms, and any document referred to in them very carefully. If there is anything that You do not understand in the Terms and any document referred to herein, you should discuss this matter with us and seek the necessary clarification.

Any formal communication with You will, unless otherwise agreed, be made in the English language. In the event of any discrepancy between the English language version of the Terms or any such communications and any translation of the Terms or such communications (as applicable) in a foreign language, the respective English version shall prevail.

ELIGIBILITY AND PROHIBITION OF USING OUR SERVICES

The Services are intended solely for Users who are 18 or older. By accessing or using our Services, You represent and warrant that You are at least 18 years old. You also represent and warrant that You are not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List, the Office of Foreign Asset Control of the U.S. Department of the Treasury’s Specially Designated and Blocked Persons List, nor restricted or prohibited from engaging in any type of trading by the European Union, Hong Kong Monetary Authority, Hong Kong Customs and Excise Department, Office of Foreign Asset Control as well as other administrative law enforcement agencies. In addition, You represent that you are not located in, organized in, or a resident of the United States, Cuba, Iran, Syria, North Korea, the Crimea region, Venezuela, or any other jurisdiction where any domestic or foreign law, rule, statute, regulation, by-law, order, protocol, code, decree, or other directive, requirement or guideline, published or in force which applies to or is otherwise intended to govern or regulate any person, property, transaction, activity, event or other matter, including any rule, order, judgment, directive or other requirement or guideline issued by any Governmental Authority having jurisdiction over Bountive, the team, You, the Site or the Services, or as otherwise duly enacted, enforceable by law, the common law or equity (“Applicable Law”) prohibits you from accessing or using the Services; and you represent that you are not be named on.

DESCRIPTION OF OUR SERVICES

Bountive provides a decentralized protocol on its website that allows users to access and use the protocol. The Service is provided “as is” and on an “as available” basis. We give no warranty that the Service will be free of defects and/or faults. To the maximum extent permitted by the law, we provide no warranties (express or implied) of fitness for a particular purpose, accuracy of information, compatibility, and satisfactory quality. The Service is for information purposes only, and nothing on the Website should be construed as investment, tax, legal, accounting, or other advice.

Accuracy: While we have made every effort to ensure the accuracy of the information on our website, the information and content on the website are subject to change without notice and are provided for the sole purpose of assisting Users in making independent decisions. We have taken reasonable measures to ensure the accuracy of the information on the website; however, we do not guarantee the accuracy, suitability, reliability, completeness, performance and/or fitness for purpose of the content of any Services or products available through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the Site, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through our platform. We will not have any liability for the use or interpretation of such information.

You acknowledge and consent that the Services are provided by us according to its current technological capacity and other conditions. While we have made every effort to ensure the continuity and security of the Services, we are unable to completely foresee and hedge legal, technological, and other risks including but not limited to force majeure, viruses, hacker attacks, system instability, flaws in third-party services, act of government, etc. that may result in service interruption, data loss and other losses and risks.

The team shall not ask for any password or private keys from our Users, nor shall we ask Users to transmit any funds, VFAs, or VFAs addresses, as applicable, that are not listed on the platform. We shall not be responsible for any losses caused by transmitting funds, VFAs, or VFAs addresses, as applicable, that are not listed on the platform.

You assume and agree that the team will have no responsibility or liability for any risks associated with accessing or using the Services. You hereby irrevocably waive, release, and discharge all claims, whether known or unknown to you, against the team, its affiliates, and their respective shareholders, members, directors, officers, employees, agents, and representatives related to any of the risks set forth herein.

USER OBLIGATION

Users are expressly prohibited from using this website or Services in a manner that causes, or has the potential to cause, damage to the site, or disrupts its availability or accessibility. This includes any involvement in illegal fund payments and settlements, such as payments through unlawful means or engagement in any activities that are illegal, fraudulent, or harmful under applicable laws and regulations.

By using this website or Services, users agree to indemnify and hold Bountive, its officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries, and affiliates harmless from any demands, losses, liabilities, claims, or expenses (including attorneys’ fees) made against Bountive by any third party arising from or connected to the user's use of the website or Services.

Users are strictly prohibited from using the Site for any illegal activities without the express authorization of Bountive. Commercial activities in the name of this Site or using the Site as a platform for engaging in commercial activities are strictly forbidden without Bountive's prior consent.

Users are required to comply with all applicable laws and regulations and assume responsibility for the legal consequences of their actions on the Site and using the Services. Furthermore, users must not infringe upon the legitimate rights and interests of any third party. If Bountive incurs losses due to the actions of a user, Bountive reserves the right to seek recovery of losses through legal actions or other appropriate means.

ALTERATION, INTERRUPTION, TERMINATION, AND CESSATION OF SERVICES

Modification and Interruption of Service: We retain the right to modify the Service and may also interrupt, suspend, or terminate the service at our discretion, with or without prior notice.

Discontinuation and Termination of Service: We hold the right, at our sole discretion, to discontinue or terminate the services provided to you without notice, either temporarily or permanently. This includes, but is not limited to, the following situations:

- Violation of relevant laws, regulations, or this agreement.

- Compliance with legal provisions and requirements of government authorities.

- Provision of misleading, deceptive, or false information.

- Posting information or communications on the Site and/or Services that are harassing, hateful, threatening, discriminatory, libelous, defamatory, profane, fraudulent, deceptive, pornographic, indecent, vulgar, suggestive, bigoted, or otherwise objectionable, at our sole discretion.

- For security reasons or under other necessary circumstances.

INTELLECTUAL PROPERTY

The Website and its associated software, computer code, programs, and content are protected by all Intellectual Property rights, owned by the Company, its licensors, or suppliers. You are given a limited, revocable, and non-transferable license to use the Service strictly for personal purposes. Any unauthorized use or reproduction of the Website or Service content is strictly prohibited. Trademarks linked with the Services are the property of the Company, its affiliates, or licensors, and must not be used without prior written permission.

ADHERENCE TO LOCAL LEGAL REQUIREMENTS

In adherence to measures against terrorist financing and anti-money laundering (AML), we will collaborate with local authorities. By utilizing our Services, you explicitly acknowledge that your actions are conducted legally and appropriately.

PRIVACY POLICY

Kindly consult our Privacy Policy for further details.

USER’S WALLET

You have the option to link your Wallet to the Services, enabling the gathering and presentation of Wallet information. You can disconnect your Wallet from the Services whenever you choose. Ensuring the security of your Wallet is your responsibility, and the Company cannot be held accountable for any loss or unauthorized access to your digital assets.

INDEMNITY

You are responsible for compensating us, our agents (if any), employees, officers, directors, affiliates, subsidiaries, and successors, and protecting them from any third-party claims, excluding those that arise solely due to our violation of the Terms.

EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES

Without diminishing any other liability limitations outlined in these Terms, under no circumstances shall we be held liable for any incidental, indirect, special, punitive, consequential, or similar damages or liabilities whatsoever. This includes but is not limited to, damages for loss of data, information, revenue, goodwill, profits, or other business or financial benefits arising from or in connection with the Services (and any associated content and functionality), the execution or settlement of a transaction, the performance or non-performance of the Services, or any other product, service, or item provided by or on behalf of us.

This applies whether under contract, tort (including negligence), civil liability, statute, strict liability, breach of warranties, or any other theory of liability, and whether or not we were informed, knew, or should have known about the possibility of such damages. This holds irrespective of any failure of the essential purpose of these Terms or any limited remedy outlined herein. The team is also not accountable for the execution or settlement of transactions between users of the Bountive app

GOVERNING LAW

The Terms, your utilization of the Services, and any claim, counterclaim, or dispute of any kind or nature arising directly or indirectly from the Terms, shall be subject to and interpreted by the laws of the British Virgin Islands. This is done without considering the principles of conflicts of laws in the British Virgin Islands.

LEGAL AUTHORITY AND RESOLUTION OF DISPUTES

You acknowledge and agree that in the event of any dispute, controversy, difference or claim, including the existence, validity, interpretation, performance, breach or termination of the Terms or any dispute arising out of or relating to the Terms (“Dispute”), the parties shall the dispute to arbitration in the British Virgin Islands.

You agree that Bountive shall not be required to give general discovery of documents, but may be required only to produce specific, identified documents which are relevant and material to the outcome of the Dispute.

Any arbitral award shall be final and binding upon the parties hereto and shall be enforceable in any competent court which has jurisdiction.

DISPUTE RESOLUTION AND ARBITRATION

Any claim connected to these Terms or our Services must be submitted within one year of its occurrence; otherwise, the claim becomes permanently invalid. This implies that you and the team will forfeit the right to assert such a claim. Any such dispute must be resolved in the British Virgin Islands.

SEPARABILITY, COMPLAINTS AND MISCELLANEOUS

Separability: If any provision of this Agreement is deemed to be unlawful, invalid, or unenforceable for any reason, such provision shall be deemed to be divisible and shall not affect the legal effect of any other provision.

Complaints: If you have any complaints, feedback, or questions, please contact us at [e-mail].

Miscellaneous: These Terms represent the comprehensive agreement between the parties regarding the subject matter herein, overriding all prior understandings and communications on the same. Any term or condition in other documents provided to Bountive that differs from, conflicts with, or adds to the terms and conditions outlined herein will not be legally binding on the parties. You affirm and guarantee that all information shared with Bountive in connection with these Terms is truthful, precise, and thorough.

DISCLAIMER

The team is a developer of the Site and Services. The team does not take custody of any digital assets nor does it run as a financial institution. All transactions that happen on the Bountive app are solely executed in a decentralized manner with no centralized control by any team or individual. The team shares no control, oversight in regards to any transactions processed by the Bountive app.

You are in sole responsibility for complying with all laws and regulations applicable to your activities interacting with the Site and Services, including but not limited to, the Commodity Exchange Act and the regulations promulgated thereunder by the U.S. Commodity Futures Trading Commission (“CFTC”), the federal securities laws and the regulations promulgated thereunder by the U.S. Securities and Exchange Commission (“SEC”), and the Bank Secrecy Act and the regulation promulgated thereunder by the U.S. Department of Treasury Financial Crimes Enforcement Network (“FinCEN”).

You understand that UX is not registered or licensed by the CFTC, SEC, FinCEN or any financial regulatory authority. No financial regulatory authority has reviewed or approved the use of the Services.