[ANN] BtcEX - Built for Security, Transparency and Liquidity

[Anumon]

Quoting the team statement regarding a disclaimer of certain liabilities, there is said that the information available via the Site may include typographical errors or inaccuracies. The Company shall not be liable for these inaccuracies and errors. The question is why the site that is a source of information for users is not guaranteed accuracy?

[ErikVohl]

What happens if there are a portion of the Provisions that have been agreed upon  both parties that are considered null or inoperable because in accordance with applicable law?

[HolyGrey]

If the user loses access to the device associated with his account, how is this resolved when viewed from the point of view of BtcEX security terms and data privacy protection?

[saskehhh]

Of all the privacy and policies determined by the company regarding personal data, does the company can reveal personal data about users to unaffiliated third parties?

[ErikVohl]

"The exclusive defense", what is meant by this and what are the benefits for the continuity of this project?

You agree to indemnify, defend and hold harmless the Company, its managers, directors, employees, agents, and third parties, for any costs, losses, expenses (including attorneys' fees), liabilities regarding or arising out of your enjoyment of or inability to enjoy the Site or its services and Company’s services and products, your violation of the Terms or your violation of any rights of third parties, or your violation of the applicable law. The may assume the exclusive defense. This is what I found related to this.

[Anumon]

If the user loses access to the device associated with his account, how is this resolved when viewed from the point of view of BtcEX security terms and data privacy protection?

If you lose access to a device associated with your account, the Company may grant access to your account to other party providing additional credentials to the Company. The Company may, at its discretion, determine additional credentials.

[saskehhh]

What happens if there are a portion of the Provisions that have been agreed upon  both parties that are considered null or inoperable because in accordance with applicable law?

If any part of the Terms is determined to be void or unenforceable in accordance with applicable law then the void or unenforceable clauses will be deemed superseded by valid and enforceable clauses shall be similar to the original version of the Terms and other parts and sections of the Terms shall be applicable to you and the Company. The Terms constitute the entire agreement between you and the Company regarding the enjoyment of the Site and the Terms supersede all prior or communications and offers, whether electronic, oral or written, between you and the Company.

[HolyGrey]

Of all the privacy and policies determined by the company regarding personal data, does the company can reveal personal data about users to unaffiliated third parties?

From what I read it looks like the company can do that but with some provisions such as:
1) if you request to transfer your Personal Data to a third party.
2) if the Personal Data shall be given to complete your transaction.
3) if the Personal Data shall be provided to comply with the law, to enforce Company's agreements, or to protect Company's, its affiliates' or users' rights, interests, and titles, property, or security.
4) if the disclosure of the Personal Data is done as part of an acquisition, transfer or sale of services or assets.
5) if the Personal Data is given to Company's agents or service providers to undertake functions on Company's behalf for analysing data, providing marketing assistance, providing service, processing payments, and other similar activities.
6) as otherwise described in the applicable law.

[ErikVohl]

If the user loses access to the device associated with his account, how is this resolved when viewed from the point of view of BtcEX security terms and data privacy protection?

If you lose access to a device associated with your account, the Company may grant access to your account to other party providing additional credentials to the Company. The Company may, at its discretion, determine additional credentials.

What includes additional credentials?

[Anumon]

If the user loses access to the device associated with his account, how is this resolved when viewed from the point of view of BtcEX security terms and data privacy protection?

If you lose access to a device associated with your account, the Company may grant access to your account to other party providing additional credentials to the Company. The Company may, at its discretion, determine additional credentials.

What includes additional credentials?

The additional credentials may include notarized identification, in person meeting, photo proof of your identity, video identification, and a copy of your identification document.

[HolyGrey]

What are limitations of liability the company and its affiliates?

The Company and its affiliates or contractors shall not be liable for any direct, indirect, or other damages for loss of profits, goodwill, use, or information, even if the company has been advised of the possibility of such damages. Neither the Company nor its affiliates or contractors will be responsible for compensation or damages.

[saskehhh]

Who is involved in the token sale agreement and at what time this agreement come into force?

As far as I know, who involved with this agreement is Fintech Century OÜ, company, incorporated in the jurisdiction of Estonia and you as an acquirer regardless of the legal person you represent.

[ErikVohl]

BtcEX partners with Sum & Substance in creating integrated KYC / AML verification solutions or remote verification solutions to meet regulatory requirements, prevent fraud, and increase customer trust. Where can I find a discussion about the partnership?

Maybe this can help a little https://medium.com/btcex/btcex-partners-with-sum-substance-7e39b39686f0

[saskehhh]

Who is involved in the token sale agreement and at what time this agreement come into force?

As far as I know, who involved with this agreement is Fintech Century OÜ, company, incorporated in the jurisdiction of Estonia and you as an acquirer regardless of the legal person you represent.

Do you know how this agreement come into force?

This Agreement comes into effect when you:
1) Access this website, mobile application or desktop application.
2) Click a button or check an unticked box in any section of the website, mobile application or desktop application which presumes your acceptance to the terms of this Agreement or, if earlier.
3) Pay an order and the company receives full payment according to Clause 3 of this Agreement.
That's all I know.

[ErikVohl]

BtcEX partners with Sum & Substance in creating integrated KYC / AML verification solutions or remote verification solutions to meet regulatory requirements, prevent fraud, and increase customer trust. Where can I find a discussion about the partnership?

Maybe this can help a little https://medium.com/btcex/btcex-partners-with-sum-substance-7e39b39686f0

Thank you for responding. But do you also have information about other uses of the partnership that is currently established, besides being a remote verification solution?

I guess you have not opened the link that I gave, because if you have, there is clearly said that BtcEX is partnering with Sum&Substance to help with the KYC procedure and processes and also assist in opening bank accounts worldwide. They have the capability to open up bank accounts in Estonia, Israel, United States, Cayman Islands, and Singapore. The BtcEX platform is planning to provide a stable banking solution allowing quick, convenient customer storage and transfer of assets and Sum&Substance will be an integral partner to move this forward.

[saskehhh]

Who is involved in the token sale agreement and at what time this agreement come into force?

As far as I know, who involved with this agreement is Fintech Century OÜ, company, incorporated in the jurisdiction of Estonia and you as an acquirer regardless of the legal person you represent.

Do you know how this agreement come into force?

This Agreement comes into effect when you:
1) Access this website, mobile application or desktop application.
2) Click a button or check an unticked box in any section of the website, mobile application or desktop application which presumes your acceptance to the terms of this Agreement or, if earlier.
3) Pay an order and the company receives full payment according to Clause 3 of this Agreement.
That's all I know.

The last question, what if when making an agreement the position is only as a representative of the other party?

If you represent a legal person you guarantee to the Company that you have legal power to oblige that person. And if you represent another party you guarantee to the Company that you have the legal power to oblige such a party involved and the party has read, and agreed to, the terms of this Agreement and other supporting documents the Company had made available.

[Gash]

If the user loses access to the device associated with his account, how is this resolved when viewed from the point of view of BtcEX security terms and data privacy protection?

If you lose access to a device associated with your account, the Company may grant access to your account to other party providing additional credentials to the Company. The Company may, at its discretion, determine additional credentials.

What includes additional credentials?

The additional credentials may include notarized identification, in person meeting, photo proof of your identity, video identification, and a copy of your identification document.

Lol The Company, or whatever u call it, could do anything to ur account, money and body, as they retain the right to conduct manipulations with ur physical shell and appropriate the products of ur work. TO accommodate faster conversion, they can take ur life and receive insurance compensation. That money will be invested in highly-liquid crypto markets and tripled.

[HolyGrey]

Even though the price of Bitcoin is currently experiencing a decline, this thing doesn't prevent the emergence of new tokens and exchanges. Hopefully BtcEX with BXC can create a new alternative for traders and crypto users.

[Anumon]

Every quarter, BtcEX will re-purchase BXC and destroy that supply, this activity will continue until BtcEX purchases 50% of the total BXC token supply. What is the purpose of BtcEX doing that?

[ErikVohl]

I once visited the BtcEX telegram community, and the founder was very active in answering almost all the questions that were asked, even though he also directly answered the audience questions in this forum. But unfortunately there is no information regarding whether this project will hold a conference with the team, which will outline the whole concept of this exchange platform.