NATCOIN TERMS & CONDITIONS
Last update: 17 of June, 2021
Welcome, these Terms are important and affect your legal rights, so please read them carefully.
These Terms of Service (“Terms & conditions”) apply to your access to and use of the Services (as defined in 2 below) provided by Asesores de servicios Agropecuarios y Ecologia Sustentable, S.C. , a MEXICAN company (“NAT5,” “Company” or “we”). By clicking “I Accept” or by accessing or using our Services, you agree to these Terms & conditions. If you do not agree to these Terms & conditions, do not use our Services.
If you have any questions about these Terms & conditions or our Services, please contact us at [email protected].
Please refer to our Privacy Policy on our site for information about how we collect, use and disclose information about you.
The Company reserves the right to amend the Terms at any time. If you disagree with any amendment, you must immediately discontinue your access to the Natcoin website and/or mobile application and stop use all the services offered by the Company. If you continue to use the website and/ or mobile application, the amended Terms shall have legal force for you and your actions shall constitute acceptance of the amended Terms.
You and Company agree as follows:
1. About Natcoin Tokens and the fight against climate change
Natcoin is a unique and secure decentralized cryptocurrency powered by Binance Smart Chain BEP20 smart contract. The platform enables anyone in the world to take part in the fight against climate change.
The NAT5 team will collaborate with companies and individuals that are interested in taking specific climate action that will mitigate CO2 and they will use blockchain technology for this purpose. The task involves planting 1 tree in the real world in an ecological restoration project to fight climate change. The tree can then be sold on an online platform in a unitary manner (more on this later).
NAT5 COMPANY represent that each Natcoin Token the token will be used to finance true and verified real world actions. This is a project called 2°Much! led by the Mexican company Asesores de Servicios Agropecuarios y Ecologia Sustentable, s.c. hereinafter referred to as “ASES” as follows:
All the funds raised above the core-operating budget will be used in consolidating and boosting the Natcoin token value. Funds may also be used for marketing activities to increase the awareness of Natcoin in the targeted countries.
2. General Provisions
These Terms govern the services (the “Services”) that Company makes available to Platform users, including use or access to the Platform, the ability to retire a Natcoin Token, and obtain related services through the Platform. All references to Services in these Terms include Natcoin Tokens unless otherwise specified.
Your use of our Services is subject to these Terms and Company’s obligations under these Terms are conditional on you complying with its provisions. You understand that any violation of these Terms may result in potential consequences, including the possible loss or forfeiture of Natcoin Tokens. You understand and agree that you may only retire a Natcoin Token directly with Company.
You understand that sending a Natcoin Token to another address automatically transfers and assigns to the owner of that address (a “Holder”), and any subsequent Holder, the right to retire that Natcoin Token, so long as the Holder is eligible to, and does, register a Platform Account.
3. Eligibility And Guarantees
You must be at least 18 years of age to use our Services. If you use our Services on behalf of another person or entity, (i) all references to “you” throughout these Terms will include that person or entity; (ii) you represent that you are authorized to accept these Terms on that person’s or entity’s behalf; and (iii) in the event you or the person or entity violates these Terms, the person or entity agrees to be responsible to us.
You may not access or use our Services if you are a “Prohibited Person”, meaning that:
4. Acces to the Website and Registration
You need to register for an account on the Platform (a “Platform Account”) to access some or all of our Services, including to retire or detokenize your Natcoin Token on the Platform. By creating an account, you agree to (a) provide accurate, current and complete account information about yourself as necessary, (b) maintain and promptly update from time to time as necessary your account information, (c) maintain the security of your password and accept all risks of unauthorized access to your account and the information you provide to us, and (d) immediately notify us if you discover or otherwise suspect any security breaches related to the Sites, Services, or your account.
By creating a NAT5 account, you also consent to receive electronic communications from NAT5 (e.g., via email or by posting notices to the Sites or Services). These communications may include notices about your account (password changes and other transactional information) and are part of your relationship with us. You agree that any notices, agreements, disclosures or other communications that we send to you electronically will satisfy any legal communication requirements, including, but not limited to, that such communications be in writing.
Company can terminate or suspend your Platform Account at any time at our discretion. We are not responsible for any loss or harm related to your inability to access or use the Services. You may not bring a claim against us for suspending or terminating your or another person’s Platform Account, and you agree you will not bring such a claim. If you try to bring such a claim, you are responsible for the damages caused, including attorneys’ fees and costs.
You agree that your Platform Account is not transferable and that in the event of your death, incapacity or unavailability, Company may terminate any rights to your Platform Account.
5. Natcoin Token Holder Requirements and Retirement
You understand that you alone are responsible for independently researching whether acquiring a Natcoin Token is appropriate for you, and you are aware that there is considerable volatility in the market and there are risks inherent. You further understand that you must make your own decision on whether to acquire, sell, retire or otherwise transact in Natcoin Tokens without direction from Company, and Company does not guarantee that Natcoin Tokens will have any resale market or maintain any particular price.
You are responsible for complying with applicable law when transacting with Natcoin Tokens. You agree that Company is not responsible for determining whether or which laws may apply to your transactions involving Natcoin Tokens, including tax, securities, commodities, derivatives, financial regulatory, environmental, energy or other laws and regulations. You are solely responsible for reporting and paying any taxes arising from your use of the Services, including any accurate reporting of the tax or legal status of Natcoin Tokens in your jurisdiction. You are also solely responsible for any reporting, registration or licensing requirements that may apply to you arising from your use of the Services, including any reporting, registration or licensing required under other laws and regulations in your jurisdiction.
You acknowledge that the withdrawal of a Natcoin token is designed to support the 2 ° Much project! offered by ASES Group, and is distributed as follows: 50% for tree planting (main objective); 25% for the Reserve (for future unforeseen costs); 10% for the bonus program; 10% for marketing (online marketing to raise awareness about blockchain and climate change); 5% for platform development and exchange service. Any funds raised above the core operating budget will be used to consolidate and increase the value of the Natcoin token. The funds can also be used for marketing activities to increase awareness of Natcoin in target countries. Accordingly, you agree and agree to make only a statement or claim regarding the prevention or reduction of CO2 emissions from a Natcoin token after your withdrawal from that Natcoin token, and you will not make any false statements or claims, misleading or deceptive about it.
You acknowledge and agree that: (i) Natcoin Tokens are intended solely for your own use; (ii) Natcoin Tokens are not, and there is no assurance that Natcoin Tokens will be, recognized as valid carbon credit offsets under the rules or requirements of any regulatory or voluntary carbon credit program by the regulator or administrator of such a program; and (iii) Natcoin Tokens are “as is” and contain no express or implied warranties and any such warranties are hereby disclaimed, including warranties of merchantability, fitness for a particular purpose; title and non-infringement, or any other warranty implied by local law.
Our Services allow you to retire a Natcoin Token through your Platform Account. Your ability to retire a Natcoin Token is conditional on (i) your possession of a corresponding amount of Natcoin Token in a Binance smart Chain wallet address associated with a registered Platform Account, (ii) no violation of these Terms, and (iii) no action, pending or otherwise, by a regulator, law enforcement or a court of competent jurisdiction that would restrict retirement.
Sending a Natcoin Token to another Crypto wallet address automatically transfers and assigns to that Holder, and any subsequent Holder, the right to retire that Natcoin Token so long as the Holder is eligible to, and does, register a Platform Account. Company reserves the right to “blacklist” certain Crypto wallets addresses that it determines, in its sole discretion, are associated with illegal activity or activity that otherwise violates these Terms (“Blacklisted Addresses”). If you send a Natcoin Token to a Blacklisted Address, or receive a Natcoin Token from a Blacklisted Address, Company may freeze such Natcoin Token and take steps to close your Platform Account. In certain circumstances, Company may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your Natcoin Token, including the ability to retire it.
You may not withdraw a Natcoin token in a way that violates these Terms, or for which you do not have all the necessary rights to do so. You represent and warrant that your withdrawal of a Natcoin token and the funding of the corresponding activity, as permitted by these Terms, will not violate any rights or cause prejudice to a person. or entity. The Company may delete or delete your Platform Account at any time and with or without notice if the Company suspects a violation of these Terms.
If you retire a Natcoin token, the Company will take all necessary steps to withdraw funding for the agreed activity.
6. Natcoin Token Detokenization
You may request to convert a Natcoin token into an untokenized clearing certificate" ("2°much! certificate") through your Platform Account ("detokenization"). Your ability to request detokenization is conditioned upon (i) your possession of a corresponding amount of Natcoin tokens in an Crypto wallet address associated with a registered Platform Account, (ii) no violation of these Terms, and (iii) no action, whether or not pending, by a regulator, law enforcement authority or court of competent jurisdiction that would restrict detokenization.
To detokenize a Natcoin token: (i) you must notify the Company via your Platform Account, and (ii) a Natcoin token must be irrevocably sent to a particular Crypto wallet address selected by the Company that disables all future transaction and transfer functions associated with the Natcoin token, which is referred to as the "detokenization address". Instead of the detokenized Natcoin token, you will receive a non-transferable digital offset certificate.
We reserve the right to impose additional terms and conditions of the detokenization process, which will be communicated to you at the time of the requested detokenization.
7. Not Allowed Uses
You are solely responsible for your conduct while using or accessing our Services. While using or accessing our Services, you will not:
Enforcement of this Section is solely at Company’s discretion, and failure to enforce this section in some instances does not constitute a waiver of Company’s right to enforce it in other instances. In addition, this Section does not create any private right of action on the part of any third party or any reasonable expectation that the Services will not contain any content that is prohibited by such rules.
8. Intellectual and Industrial Property
The Services, including the Platform, text, graphics, images, photographs, videos, illustrations and other content contained therein, are owned by Company or our licensors and are protected under laws. Except as explicitly stated in these Terms, all rights in and to the Services are reserved by us or our licensors.
Subject to your compliance with these Terms, you are hereby granted a limited, nonexclusive, nontransferable, non-sublicensable, revocable license to access and use our Services (other than Natcoin Tokens), for your own personal, noncommercial use.
If you acquire a Natcoin Token, and subject to your compliance with these Terms, you are hereby granted a limited, exclusive, non-transferable, non-sublicensable and revocable license to withdraw such Natcoin Token solely for the purpose of funding the activities detailed above.
Without limiting the foregoing provisions, you will not, directly or indirectly: (i) modify or create derivative works of the Services in whole or in part; (ii) rent, lease, lend, sell, advertise, assign, encumber, or otherwise commercially use the Services; (iii) remove any proprietary notices from the Services; or (iv) use the Services in any manner or for any purpose that infringes, misappropriates, or otherwise violates any intellectual property right or other right of any person, or that violates any applicable law.
Any use of the Services other than as specifically authorized herein, without Company’s prior written permission is strictly prohibited and will immediately terminate the license(s) granted herein and violate our intellectual property rights.
NAT5 and Natcoin and our logos, our product or service names, our slogans and the look and feel of the Services are trademarks of Company and may not be copied, imitated or used, in whole or in part, without Company’s prior written permission. All other trademarks, registered trademarks, product names and company names or logos mentioned on the Services are the property of their respective owners. Reference to any products, services, processes or other information by trade name, trademark, manufacturer, supplier or otherwise does not constitute or imply endorsement, sponsorship or recommendation by us.
9. Third-Party Content
We may display content from third parties through the Sites and Services (collectively, “Third-Party content”). We do not control, endorse or adopt any Third-Party Content, and we make no representations or warranties of any kind regarding such Third-Party Content, including, without limitation, regarding its accuracy or completeness. You acknowledge and agree that your interactions with third parties providing Third Party Content are solely between you and such third parties, and that Nat5 is not responsible or liable in any manner for such interactions or Third-Party Content.
10. Disclaimers
Nat5 makes no warranties of any kind as to the expected returns that consumers may expect from relying on our rating algorithm. Except as expressly provided to the contrary in a writing by Nat5, the services and the Natcoin token content contained therein are provided on an “as is” and “as available” basis without warranties of any kind, either express or implied. Nat5 disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the services and Nat5 content contained therein. While Nat5’s mission is to provide true ratings of the crypto assets, due to the nature of the cryptocurrency space, Nat5 cannot represent or warrant that set content is entirely accurate, complete, reliable, current or error-free. If a user identifies erroneous content, we encourage them to report it to us immediately.
Some jurisdictions may not allow the disclaimer of implied terms in contracts with consumers, so some or all the disclaimers in this section may not apply to you.
Nat5 makes no warranties, express or implied, with respect to such third-party products, and expressly disclaims any warranty or condition of merchantability, non-infringement, or fitness for a particular purpose. In no event will Nat5 be liable for any incidental, consequential, or cover damages arising out of your use of or inability to use third-party services or any amount more than the amount paid by you for the service that gives rise to any claim.
We reserve the right to change any and all content and to modify, suspend or stop providing access to the Sites or Services (or any features or functionality of the Sites or Services) at any time without notice and without obligation or liability to you. Reference to any products, services, processes or other information by trade name, trademark, manufacturer, supplier, vendor or otherwise does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by us. Some jurisdictions do not allow the disclaimer of implied terms in contracts with consumers, so some or all of the disclaimers in this section may not apply to you.
11. Limitation of Liability and Indemnification; Claims Only Against NAT5
To the fullest extent permitted by applicable law, in no event shall Nat5 or any of the other Nat5 parties be liable for any indirect, special, incidental, consequential, exemplary or punitive damages of any kind (including, but not limited to, loss of revenue, income or profits, loss of use or data, loss or diminution in value of assets or securities, or damages for business interruption) arising out of or in any way related to the access or use of the sites or content or the use of any service or otherwise related to these terms (including, but not limited to, any damages caused by or resulting from reliance by any user on any information obtained from Nat5, or from mistakes, omissions, interruptions, deletions of files or emails, errors, defects, bugs, viruses, trojan horses, delays in operation or any failure of performance, whether or not resulting from acts of god, communications failure, theft, destruction or unauthorized access to Nat5’s records, programs or systems), regardless of the form of action, whether based in contract, tort (including, but not limited to, simple negligence, whether active, passive or imputed), strict product liability or any other legal or equitable theory (even if the party has been advised of the possibility of such damages and regardless of whether such damages were foreseeable)
The total liability of Company and the other Company Parties for any claim arising out of or relating to these Terms or our Services, regardless of the form of the action, is limited to the lesser of $100 or the amount paid to Company by you to use our Services.
Your sole and exclusive recourse for any obligation, liability, dispute, breach or other claim arising under these Terms or the provision of the Services (whether in contract or in tort, in law or in equity, or granted by statute) shall be only against Nat5 and not any other Nat5 affiliate, Nat5 subsidiary or other Company Party.
The limitations set forth in this Section will not limit or exclude liability for the gross negligence, fraud or intentional misconduct of Company or the other Company Parties or for any other matters in which liability cannot be excluded or limited under applicable law. Additionally, some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitations or exclusions may not apply to you.
To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Nat5, and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (individually and collectively) from and against all actual or alleged Nat5 Party or third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorneys’ fees and expenses) and costs (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or un-matured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Sites, Content or Services, (b) any Feedback you provide, (c) your violation of these Terms, and (d) your violation of the rights of another. You agree to promptly notify Nat5 of any third-party Claims and cooperate with the Nat 5 parties in defending such Claims. You further agree that the Nat5 parties shall have control of the defense or settlement of any third-party Claims. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Nat5.
12. Release
To the fullest extent permitted by applicable law, you release Company and the other Company Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including claims of negligence), arising out of or related to (a) disputes between you and other users of the Services; (b) disputes between you and third parties involving Natcoin Tokens; and (c) the acts or omissions of third parties. You expressly waive any rights you may have under common law principles that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.
13. Transfer and Processing Data
In order for us to provide our Services, you agree that we may process, transfer and store information about you in Mexico and other countries, where you may not have the same rights and protections as you do under local law.
14. Governing Law and Venue
Any dispute arising out of these Terms and your use of the Services will be governed, interpreted and enforced in accordance with the laws of Mexico, without regard to any conflict of law rules or principles (whether in Mexico or any other jurisdiction) that would result in the application of the laws of any other jurisdiction. Any dispute between the parties that is not submitted to arbitration or cannot be heard by a small claims court will be resolved by the courts of Mexico.
15. Modifying and Terminating our Services
We reserve the right to modify our Services or to suspend or stop providing all or portions of our Services at any time. You also have the right to stop using our Services at any time. We are not responsible for any loss or harm related to your inability to access or use our Services. If we discontinue providing all or portions of the Services, Company will, where reasonably possible, give you advance notice.
16. Additional Terms and Amendments
We may supply different or additional terms in relation to some of our Services, and those different or additional terms become part of your agreement with us if you use those Services. If there is a conflict between these Terms and the additional terms, the additional terms will control for that conflict.
We may make changes to these Terms from time to time. If we make changes, Company will provide you with notice of such changes, such as by sending an email, providing a notice through our Services or updating the date at the top of these Terms. Unless we say otherwise in our notice, the amended Terms will be effective immediately, and your continued use of our Services after we provide such notice will confirm your acceptance of the changes. If you do not agree to the amended Terms, you must stop using our Services.
17. Severability - Survival
If any provision or part of a provision of these Terms is unlawful, void or unenforceable, that provision or part of the provision is deemed severable from these Terms and does not affect the validity and enforceability of any remaining provisions.
Upon termination of your Platform Account or our relationship with you under these Terms for any other reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.
18. Miscellaneous
These Terms constitute the entire agreement between you and Nat5 relating to your access to and use of the Sites and your use of the Services. These Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by you without the prior written consent of Nat5 prior, concurrent or subsequent circumstance, and Nat5’s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision. Except as otherwise provided herein, these Terms are intended solely for the benefit of the parties and are not intended to confer third party beneficiary rights upon any other person or entity.
We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control.
Your access to or use of the Services does not create any form of partnership, joint venture or any other similar relationship between you and us.
Risk Warning: Purchase or trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before pourchase, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of NATCOIN based on the legal requirements in your country of residence.