TERMS OF USE
Investokar
These Terms of Use pertain to the access and utilization of the Services (as elaborated below) offered on the digital platforms, encompassing the mobile application and/or website, recognized as "Investokar" and "Investokar App," jointly denoted as the "Platform."
By clicking “I agree” to these Terms of Use, or by accessing or using the Platform in any manner, or using any of the Services (as defined below) in any manner made available through the Platform, You agree that You have read, understood and accepted all of the terms and conditions of Terms of Use, Privacy Policy, Investokar Trading Policy and AML Policy
Investokar reserves the right to change, add, remove or modify the Platform, the Service, these Terms, Privacy Policy, AML Policy, Trading Policy or any content or part thereof, at any time, with or without notice, in our sole discretion. We may (but we don’t assume any such obligation) provide you a notification of any such change, add, remove or modify. You shall regularly and periodically check these Terms, Privacy Policy, Trading Policy and AML Policy including before you make any transaction on the Platform. We shall have no liability or responsibility whatsoever due to any such changes, additions, removals or modifications.
“Specified Disclaimer: Crypto products are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
In the event that applicable laws were to change (including by way of a judicial or executive order) and render dealing, trading, holding and/or storing Cryptos to be invalid or illegal in India, these Terms shall stand automatically terminated with effect from the date of such invalidity/illegality without further notice or recourse available to User. You represent and declare that you have full knowledge and disclosure of the current Government and regulatory status with respect to Cryptos in India and the risk involved in dealing with, or trading in, or storing the same. By accessing the Platform and/or the Services, You are deemed to have understood, agreed to and accepted the risks, losses, and costs with respect to the same including but not limited to total / complete loss / seizure of Your account.
Certain definitions: As used herein:
“Investokar”, “Investokar App”, “Ourselves”, “Us”, “Our” and “We” refers to Investokar which expression shall include its successors and assigns.
“User”, “You” and “Your” refers to any person who uses the Platform or Services whose expression shall include successors, heirs, receivers, and permitted assigns.
“Party” refers to either You or Us and “Parties” refers to You and Us collectively, as the context may require.
“Cryptos” refers to a cryptographically secured digital representation of value or contractual rights that uses distributed ledger technology and can be transferred, stored, or traded electronically using the Platform, including but not limited to Bitcoin and Ether.
1. About the Platform, Services, and certain related terms:
1.1 The Platform is an online Bitcoin futures trading platform that currently provides the following services to Users:
1.1.1 Online trading of Bitcoin futures on the Investokar platform by way of opening and closing of long and short positions. We do not buy or sell cryptos and do not deal with crypto transactions.
1.1.2 Online deposit of money into the user account and show that money in USD. We do not accept deposits of crypto into user accounts nor do we permit any crypto withdrawal.
1.1.3 Online withdrawal of money into users' bank or UPI account.
(Collectively referred to as the “Investokar Services “).
1.2 For the avoidance of doubt:
Investokar through the Platform provides access to its Investokar Services (collectively referred to as “Services”) to the Users as under:
1.2.1 By aggregating the last traded price of Crypto on various third-party crypto exchanges and thereby, executing orders for opening / closing long and short positions for and on the specific instructions (which are essentially electronic in nature) of its Users through such third-party Crypto exchanges price.
1.2.4 By providing the facility for the deposit of Indian Rupees through third-party partners.
1.3 The Platform is neither the creator nor the administrator of any Crypto. The Platform only provides you the medium to speculate the price of cryptos and open/close a long and short position. The Platform may, acting on the specific instructions of the User, execute orders. You hereby authorize the Platform to act on your instructions (which are essentially electronic in nature) to undertake various trades and hold the USD and Indian Rupees balance in User’s Account in trust for the User.
1.4 The Platform only acts as a service provider, information intermediary, facilitator of User orders, and technology provider. In case of any technical or manual error including but not limited to downtime and /or unavailability of the Platform, the Platform will take reasonable steps of correction to restore the Platform. If such correction creates a liability on You or You suffer any losses or damages, You will be required to incur that liability, loss or damages. The Platform/ hereby disclaims liability for any such error or correction thereof, and no recourse may be had by User against the Platform for any such error or correction.
1.5 Save and except as required under any applicable law or force majeure or related events (as more specifically described in these Terms), as long as you agree to and comply with these Terms of Use, the Platform grants to You a limited personal, non-exclusive, non-transferable, non-sub-licensable, revocable and limited right to access and use the Platform and the Service in India as per these Terms. The Platform may deploy technologies or processes to monitor and enforce the above grant of rights. We may from time-to-time, with or without any notice to You, enable the entire Services or any one or more feature of such Services to be used outside of India (We may refrain from offering the Services in one or more countries / jurisdiction to comply with certain legal or contractual requirements, or in Our sole and absolute discretion) on a temporary or transient basis, and may decide to suspend, disable or cease such enablement at any point of time, at Our sole and absolute discretion, with or without informing You.
1.6 Unless otherwise specified, all prices of Cryptos, content, logo, material, design, graphic symbols etc (“Materials”) on the Platform are the property of the Platform or its licensors / third parties and are protected by patents, copyright, trademark, and other applicable laws. You may view such Materials on any single computer or electronic device solely for Your own internal use, provided You keep intact all copyright and other proprietary notices. The trademarks, service marks, and logos of the Platform or its licensors / third parties and others used in this Platform (“Trademarks”) are the property of the Platform and their respective licensors / third parties. The software, text, images, graphics, data, prices, trades, charts, graphs, video, and audio used on this Platform belong to the Platform. The Trademarks and Materials should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, whether manual or automated. The use of any such Materials on any other website, mobile application or networked computer environment for any other purpose or other commercial / non-commercial reasons is strictly prohibited, and any such unauthorized use may violate copyright, trademark, and other applicable laws and could result in criminal or civil legal actions and penalties.
1.7 The Platform may provide links or other forms of reference to other websites (“External Platforms”) or resources over which We have no control. You acknowledge that the Platform is providing any such links or references of external platforms or resources to You, including APIs to various third party platforms, only as a convenience to You and that the Platform makes no representations whatsoever about any external platforms which You may access through or via this Platform, including such external platforms being free of such items as viruses, worms, trojan horses, and other items of a destructive nature. the Platform is not responsible for the availability of, and content provided on any External Platforms. You are requested to review the terms of use and policies posted by such External Platforms regarding privacy and other topics before use. The Platform is not responsible for third party content accessible through the Platform, including opinions, advice, statements, prices, activities, and advertisements, and You shall bear all risks associated with the use of such content or trading Cryptos on such External Platforms.
2. User Registration
2.1 Before You register on the Platform by creating an User’s account with the Platform (“User’s Account”) or use the Platform or Services at any time and from time to time, You represent and warrant that you (a) are at least 18 years old and competent to form a binding contract in India, (b) are an individual with full legal capacity and authority to enter into these Terms, (c) have not previously been suspended or removed from using Our Services and/or the Platform and /or any other products owned/operated by the Platform or any other Crypto platform, (d) are an Indian citizen, as contemplated under the Citizenship Act, 1955, and (e) are a person resident in India, as contemplated under the Foreign Exchange Management Act, 1999 (together, the “Eligibility Criteria”). If You do not meet the Eligibility Criteria, You shall not register on or use the Platform or Services.
2.2 In the event a User is not a natural person/human, resides or is during any period physically situated in any such jurisdiction outside of India, the User shall not register on the Platform and/or the Services during such periods.
2.3 By accessing and using the Services and/or the Platform and/or any part thereof, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List” or a resident of Cuba, Iran, North Korea, Crimea, Sudan, Syria. In the event that are not permitted to trade on the Platform by applicable law, please discontinue the use of the Service or the Platform immediately.
2.4 If any breach of the foregoing clauses 2.1, 2.2, 2.3 or 2.4 is brought to the notice of the Platform, in addition to any rights and remedies that We have under these Terms or under any applicable laws, We may forthwith restrict / terminate Your access and use of the Platform / Service. The Parties agree that the Users shall be solely responsible for ensuring compliance with the above duty and responsibility and with the obligations to follow applicable laws.
2.5 You hereby acknowledge and agree that You currently do not have more than one User’s Account, and shall only maintain one User’s Account at all times.
2.6 In order to create a User’s Account, the User will be required to provide certain data, information or details as may be required by the Platform (which may include your identity, address, financial information, financial position, or transactions), through the Platform or otherwise, from time to time which could be during the time of registration, post registration, or before, during or after you undertake any activity or transaction on the Platform. You represent and warrant that: (a) all required data, information or details You provide to the Platform is current, truthful, authentic, complete and accurate; and (b) You will keep the data, information and details current and maintain the accuracy of such information.
2.7 You may delete your own User’s Account at any time, for any reason, by following the instructions on the Platform provided. However, the data and information provided by You may be retained by Us for compliance with applicable laws and for cooperation with law enforcement authorities. Please review the Privacy Policy and FAQ for more details.
2.8 You are responsible for maintaining the confidentiality and security of Your User’s Account, password, activities that occur in or through Your User’s Platform Account and for restricting access to Your computer or electronic device (including mobile device), as the case may be, and at all times, to prevent unauthorized access to / misuse of Your User’s Account. You agree to accept responsibility for all activities that occur under Your User’s Account or due to Your failure to protect the credentials / password or Your device. You should take all necessary steps to ensure that the password is kept confidential and secure and should inform us immediately if You have any reason to believe that Your password has become known to anyone else, or if the password is being, or is likely to be, used in an unauthorized manner. Without accepting any liability, We may at our sole discretion use reasonable endeavors to reset Your User’s Account within a reasonable time.
2.9 Any data, information, instructions or transactions initiated, originated, transmitted or published from Your User’s Account shall deem to be duly undertaken or authorized by You, and We shall not be liable for acting on any such data / information / instruction / transaction / other request on the Platform. Any records created and maintained by the Platform or its third parties of the communications, transactions, instructions or operations made or performed, processed or effected through or in relation to Your using of Services or Platform including from your User’s Account or in relation to keeping, using or withdrawing any Indian Rupees and/or Crypto by You or any person purporting to be the You, acting on behalf or purportedly acting on Your behalf, with or without Your consent, shall be binding on You for all purposes whatsoever and shall be conclusive evidence of such communications, transactions, instructions or operations.
3. Electronic communications
3.1 You agree to receive electronically all communications, agreements, documents, notices, and disclosures (collectively, “Communications”) that the Plattform provides in connection with Your use of the Platform or Services. We may provide these Communications to You by posting them on the Platform, mobile app including in app notification or notification via Your mobile operating system or app store provider, emailing them to You at the email address you provide in Your User’s Account, sending them through an instant messenger chat service, or through other forms of electronic communication such as SMS or text message to the mobile phone number that you provide in Your User’s Account. Your mobile carrier’s standard mobile messaging and data rates will apply.
3.2 It is your responsibility to provide the Platform with accurate and complete contact information and to provide updates to your contact information as necessary. You understand and agree that if the Platform sends you an electronic Communication, but you do not receive it because (i) Your contact information on file with Your User’s Account is incorrect, blocked by your service provider, or out of date, (ii) the Communication was re-routed to your spam folder, or (iii) You are otherwise not able to receive or access the Communication, the Platform will be deemed to have provided the Communication to You and will be binding on You. If any email communication is returned as undeliverable, We retain the right to block your access to the Services or to Your User’s Account until You provide and confirm a new and valid email address and, if required, any additional checks or diligence by Us.
4. Activities Prohibited on the Platform & Platform’s rights
4.1 The Platform has zero tolerance towards use of its Services for any illegal purpose. Any such abuse or any suspicious or malicious activities by any User may result in forthwith restriction of access of the Platform, User’s Account, Indian Rupees and USD balances reflected in User’s Account, and reporting of such activities to concerned regulatory and statutory authorities as required.
4.2 In connection with Your use of Services and/or Platform, You hereby agree that you will not:
4.2.1 Violate (or assist any other party in violating) these Terms, Privacy Policy, Trading Policy and AML Policy, and any applicable law, statute, ordinance, or regulation;
4.2.2 Intentionally try to defraud (or assist in the defrauding of) the Platform or any other User;
4.2.3 Make any representations on behalf of the Platform;
4.2.4 Provide false, inaccurate, or misleading information including any Know Your Customer (KYC) information or any other document or information as sought by the Platform;
4.2.5 Trade on the Platform using funds associated with any bank account other than Your own which is associated with Your User’s Account;
4.2.6 Keep, store, use, withdraw or transaction with Cryptos or fiat currency that are obtained through, or otherwise use the Platform or Services for any illegal, unlawful or fraudulent activities including without limitation money laundering, gambling, child trafficking, child porn, drugs or narcotics, counterfieting, or terrorist financing;
4.2.7 Trade taking advantage of any technical glitch, malfunction, failure, delay, default, or security breach;
4.2.8 Take any action that interferes with, intercepts, or expropriates any system, data, or information;
4.2.9 Partake in any transaction involving the proceeds of illegal activity;
4.2.10 Attempt to gain unauthorized access to other user accounts, the Services, or any related networks or systems;
4.2.11 Use the Services on behalf of any third party or otherwise act as an intermediary between the Platform and any third parties or acting for benefit of any third party;
4.2.12 Use the Services/Platform for any benami transaction;
4.2.13 Use the Services to engage in conduct that is detrimental to the Platform or to any other user or any other third party or the public at large;
4.2.14 Collect any user information from other users, including, without limitation, email addresses;
4.2.15 Participate in any unfair trade practice or market manipulation, including but not limited to all such acts like pump and dump schemes, trading on any inside or non-public information acquired through sources or acts not permitted by law, wash trading, trading for the purposes of market manipulation, spoofing or layering etc.
4.2.16 Use the Services being provided by the Platform to violate public morale, any third party/ public interest or for any act being not permitted by the law of the land;
4.2.17 Use multiple devices to access or log into Your User’s Account at a given point of time, i.e. You shall not access Your User’s Account through multiple devices simultaneously nor shall You ever use or try to gain access to any other third party User’s Account not belonging to You;
4.2.18 Duplicate, distribute, create derivative works of display or commercially exploit the Services and/ or the Platform or any of its content, features or facilities, directly or indirectly, or the price of the Cryptos shown on the Platform without Our prior written permission nor would You have access to the Platform in source-code form;
4.2.19 Without the prior written consent of the Platform, 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 interest in the properties or any part of the properties, or create their derivative works or otherwise take advantage of any part of the properties;
4.2.20 Defame, harass, or violate the privacy or intellectual property rights of the Platform or any other user; or
4.2.21 Upload, display or transmit any messages, photos, videos or other media that contain illegal goods, pornographic, violent, obscene or copyrighted images or materials for use as an avatar, in connection with a payment or payment request, or otherwise.
4.2.22 Host, display, upload, modify, publish, transmit, store, update or share any information that,— (i) belongs to another person and to which the user does not have any right; (ii) is defamatory, obscene, pornographic, paedophilic, invasive of another’s privacy, including bodily privacy, insulting or harassing on the basis of gender, libellous, racially or ethnically objectionable, relating or encouraging money laundering or gambling, or otherwise inconsistent with or contrary to the laws in force; (iii) is harmful to children; (iv) infringes any patent, trademark, copyright or other proprietary rights; (v) violates any law for the time being in force; (vi) deceives or misleads the addressee about the origin of the message or knowingly and intentionally communicates any information which is patently false or misleading in nature but may reasonably be perceived as a fact; (vii) impersonates another person; (viii) threatens the unity, integrity, defence, security or sovereignty of India, friendly relations with foreign States, or public order, or causes incitement to the commission of any cognisable offence or prevents investigation of any offence or is insulting other nation; (ix) contains software virus or any other computer code, file or program designed to interrupt, destroy or limit the functionality of any computer resource; (x) is patently false and untrue, and is written or published in any form, with the intent to mislead or harass a person, entity or agency for financial gain or to cause any injury to any person.
4.2.23 In addition, You agree not to: a) use circumvention or obfuscating technologies to mask their IP addresses or to hide transaction details; b) create or circulate any technologies which violate, or which would facilitate other users to violate the terms hereof including for masking IP addresses or to obfuscate transaction details; c) misrepresent, misinform or misguide the Platform in any manner; d) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the internet.
4.3.1 The Platform reserves the right to investigate and/or take appropriate action against You in Our sole discretion if You engage in prohibited or illegal activities or violate any other provision of these Terms or otherwise create liability for Us or any other person or there is any reasonable suspicion or allegation or complaint from any legal / public / regulatory / statutory authority. Such action may include, in Our sole and absolute discretion, terminating Your User’s Account, reporting you to law enforcement authorities without providing any notice to You about any such report and confiscating any balance remaining in Your User’s Account which has been terminated.
4.3.2 The platform reserves the right to cancel any order given by you to protect the interest of the platform and its users.
4.3.3 The platform reserves the right to close a position any time in the interest of its users and the platform itself.
4.3.4 The platform reserves the right to terminate any open position and refund its collateral to the users.
4.4 Users are cautioned against undertaking any suspicious activity on or through the Platform or Services. In the event of any suspicious or large transactions being undertaken by You, the Platform shall have the right but not the obligation to verify such activity by sharing Your IP address, KYC details, and/or Your other information or details with the relevant authority, and if required, suspend the transactions or freeze your access.
5. Fee:
5.1 Opening or Closing a position on the Platform is subject to payment of a fee. Increasing and decreasing a position size is also subject to payment of a fee.
5.2 The Platform reserves the right to provide discounts on its services from time to time at its own discretion.
5.2.1 The Platform reserves the right to change its fee at any time.
5.3 Deposit to of money through credit card, debit card, or net banking or other payment mode may be subject to a transaction fee. Withdrawals of money may be subject to a transaction fee.
5.4 You shall inform Us in writing immediately but no later than within 15 days of the relevant transactions, if any irregularities or discrepancies exist in the transactions made by you on the Platform. If We do not receive any information to the contrary within 15 days, We shall assume that the transactions are correct. All records maintained by Us, in electronic or documentary form of the instructions of the User and such other details (including but not limited to payments made or received).
6. Taxes:
6.1 It is Your responsibility to determine, collect, report, and submit any/all taxes applicable in connection with the use of the Service to the appropriate tax authority in India or under any other applicable laws. The Platform is not responsible for determining whether taxes apply to you.
6.2 The Platform has a right to deduct applicable taxes on the executed transaction as per the Income Tax Act 1961 or other Applicable taxes.
6.3 In addition to the fee/commission charged by the Platform on the trades executed on the Platform, Users shall be liable to pay the applicable indirect taxes on the transactions executed on the Platform. The total price communicated to the users on the Platform before confirming on the execution of a trade would be inclusive of the commission/fee charged by the Platform, network and third party fees, if any, and applicable taxes.
7. Risks and Disclaimers:
7.1 The use of the Platform and the Service may entail the following risks:
7.1.1 Crypto-related products are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The Reserve Bank of India (“RBI”) and the Government of India have issued multiple circulars and communications cautioning users regarding the risks involved with respect to Cryptos and Crypto-related products. Users in India shall therefore avail of the Services and access the Platform subject to the above cautions issued by the RBI and Government of India and solely at their own risk.
7.1.2 The values of Cryptos are highly volatile and tend to fluctuate, due to which there may be an increase or decrease in the profit or loss you made on the Platform. Cryptos are subject to large swings in value and may even become worthless. There is always an inherent risk of losses associated with trading or using a Crypto-related product. It is also possible that the valuation and price of Crypto changes after the transaction has been initiated by You or during the transaction, and You are hereby advised/ cautioned of the same. The value of a Crypto is subject to market change, and subject to the Assured Quantity Service provisions wherein applicable, under no circumstance shall the Platform be liable for any such changes or fluctuations whether before, during or after the transaction.
7.1.3 Cryptos are as yet autonomous and not specifically regulated. It may neither be backed by a specific government including India nor it is a legal tender in India nor is it a specifically regulated investment / security / commodity / goods in India, and hence may be susceptible to risks not generally associated with other forms of investments / securities / commodities / goods. The law relating to Cryptos is ambiguous and in flux in India.
7.1.4 As Cryptos are reliant on decentralised and peer-to-peer networks, there is also the risk of loss of confidence in Crypto trading. The Cryptos do not guarantee any assured returns as the valuation of Cryptos is based on a supply and demand economy model, and is therefore, subject to constant changes.
7.1.5 There may be additional risks that we have not foreseen or identified in these Terms of Use.
7.1.6 You should carefully assess whether your financial situation and tolerance for risk is suitable for trading crypto futures.
7.1.7 The Platform is not responsible for the outcome, whether positive or negative, of any action performed by any of its Users within or related to the Cryptos / Platform / Service.
7.1.8 It is reiterated that Users shall not trade in Crypto futures under any assumption of high earnings or profits. You further understand that past performance of Crypto is not indicative of future prices / value.
7.2 The Platform expressly disclaims as under:
7.2.1 NOTWITHSTANDING ANY OTHER PROVISION, PLATFORM, SERVICES AND MATERIALS OR ANY OTHER INFORMATION OR SERVICE BY THE PLATFORM IS PROVIDED ON “AS IS”, “AS-AVAILABLE” BASES, AND WITHOUT WARRANTY, REPRESENTATION OR INDEMNITY OF ANY KIND, EXPRESS, IMPLIED, ORAL, WRITTEN, STATUTORY, OR OTHERWISE, INCLUDING WARRANTY OF MERCHANTABILITY, FITNESS FOR ANY PURPOSE, OR NON- INFRINGEMENT; OR FOR THE USE, SUFFICIENCY, RELIABILITY, TIMELINESS, QUALITY, SECURITY, SAFETY, SUITABILITY, AVAILABILITY, COMPLETENESS OR ACCURACY OF PLATFORM, SERVICES, MATERIALS OR ANY OTHER INFORMATION. THE PLATFORM, ITS AFFILIATES AND THEIR RESPECTIVE DIRECTORS, PARTNERS, OFFICERS, EMPLOYEES, AGENTS AND THIRD PARTIES IS / ARE NOT LIABLE FOR ANY LOSS OF CRYPTOS, REVENUE, PROFITS, FUNDS, FIAT CURRENCY BALANCES, ASSETS, DATA OR FOR ANY DAMAGES, DIRECT OR INDIRECT, RESULTING FROM USE OR ATTEMPTED USE OF PLATFORM, SERVICES, MATERIALS OR ANY INFORMATION. THE PLATFORM DISCLAIMS LIABILITY FOR ANY PARTY’S ACT OR OMISSION IN USE OF OR RELIANCE UPON PLATFORM, SERVICES, MATERIALS OR ANY OTHER INFORMATION INCLUDING WITHOUT LIMITATION INACCURACY IN OR THE OMISSION OR INTERRUPTION OF THE PRICE DATA OR AN ERROR OR DELAY IN THE TRANSMISSION OF PRICE DATA. PLATFORM, SERVICES, MATERIALS OR ANY OTHER INFORMATION MAY BE SUBJECT TO RESTRICTIONS, LIMITATIONS, DELAYS, AND OTHER PROBLEMS INHERENT IN THE USE OF THE INTERNET AND ELECTRONIC COMMUNICATIONS OR A BUSINESS WHERE THERE ARE REGULATORY UNCERTAINTIES. WE DO NOT GUARANTEE THAT YOUR USE OF THE PLATFORM OR SERVICES OR ANY PART THEREOF WILL ALWAYS BE AVAILABLE, UNINTERRUPTED OR ERROR-FREE.
7.2.2 THE PLATFORM MAY BE TARGETED BY HACKERS OR MALICIOUS GROUPS OR ORGANIZATIONS WHO MAY ATTEMPT TO INTERFERE WITH THE ACCOUNT AND/OR THE TRANSACTIONS OF THE USERS OR STEAL THE DATA IN VARIOUS WAYS, INCLUDING MALWARE ATTACKS, DISTRIBUTED DENIAL OF SERVICE, CONSENSUS-BASED ATTACKS, SYBIL ATTACKS, PHISHING, SMURFING AND HACKING. PLATFORM, SERVICES, MATERIALS AND/OR INVESTOKAR’S THIRD PARTY SERVICE PROVIDERS, THIRD PARTY PLATFORMS MAY BE SUBJECT TO SUCH TARGETS, ATTACKS ETC. AND NOTWITHSTANDING ANY OTHER PROVISION, THE PLATFORM, ITS AFFILIATES AND THEIR RESPECTIVE DIRECTORS, PARTNERS, OFFICERS, EMPLOYEES, AGENTS AND THIRD PARTIES SHALL NOT BE LIABLE TO THE USER OR ANY THIRD PARTY FOR THE SAME.
7.2.3 USER AGREES THAT IT IS POSSIBLE THAT NEW REGULATIONS ADDRESSING BLOCKCHAIN TECHNOLOGY, CRYPTOS, CRYPTO PLATFORMS, CRYPTO EXCHANGE AGGREGATORS AND THE PLATFORM, SERVICES, MATERIALS OR ANY INFORMATION PROVIDED BY THE PLATFORM UNDER THESE TERMS, MAY BE INTRODUCED OR EXISTING REGULATIONS MAY BE MODIFIED, WHICH MAY PROHIBIT, PREVENT, RESTRICT, OR OTHERWISE MAY HAVE A NEGATIVE EFFECT ON THE PLATFORM, SERVICES, MATERIALS OR ANY INFORMATION PROVIDED BY INVESTOKAR AND/OR THE USAGE OF PLATFORM, SERVICES, MATERIAL OR ANY INFORMATION BY THE USER, WHICH MAY INCLUDE A TOTAL LOSS OF INDIAN RUPEES AND/OR BALANCE OF USER WITH THE PLATFORM (INCLUDING STORED BY THE PLATFORM WITH THIRD PARTIES) AND NOTWITHSTANDING ANY OTHER PROVISION THE PLATFORM, ITS AFFILIATES AND THEIR RESPECTIVE DIRECTORS, PARTNERS, OFFICERS, EMPLOYEES, AGENTS AND THIRD PARTIES SHALL NOT BE LIABLE OR RESPONSIBLE FOR THE SAME.
7.2.4 THE PLATFORM ACTS AS THE DULY APPOINTED AGENT OF THE USER TO WHOM THE PAYMENT IS DUE AND DOES NOT OPERATE A PAYMENT SYSTEM. USER ALSO HEREBY DULY APPOINTS THE PLATFORM AS ITS AGENT FOR THIS PURPOSE.
8. Limitation of Liability:
8.1 Notwithstanding anything to the contrary contained in these Terms, the Parties unconditionally agree that in no event shall the Platform or its affiliates, and their respective officers, partners, directors, agents, employees, third parties and suppliers be liable for lost revenue, receipts, profits, lost opportunity, loss of fiat currency, data or any remote, proximate, special, incidental or consequential damages arising out of or in connection with the use of our Platform, Service, Material or these Terms of Use.
8.2 Notwithstanding anything to the contrary contained in these Terms, in no event shall the Platform or its affiliates, and their respective officers, partners, directors, agents, employees, third parties and suppliers be liable or responsible for any damages, claims, applications, losses, injuries, delays, accidents, costs, business interruption costs, or other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, indirect, general, special, punitive, exemplary, or consequential damages, including without limitation loss of goodwill or business profits, loss of fiat currency, work stoppage, data loss, computer failure or malfunction, or any other commercial or other losses arising out of or related to these Terms, the Privacy Policy, any service of the Platform, the use of the Platform, futures trading by any other party authorized / not authorized by You (collectively, all of the foregoing items shall be referred to herein as “Losses”). The Platform and its affiliates, and their respective officers, partners, directors, agents, employees, third parties and suppliers is hereby released by You and anyone claiming under your from liability for any and all Losses. The foregoing limitation of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, strict liability, or any other basis, even if the Platform has been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of other remedies. Notwithstanding anything else in these Terms of Use or any other document, in no event shall the combined aggregate liability of the Platform for any Loss exceeding INR 100/- (Indian Rupees One Hundred Only).
8.3 The Platform shall not be liable, and the User shall assume any and all risks and liability, in connection with any force majeure event, including acts of God, labor disputes or other industrial disturbances, electrical, telecommunications, hardware, software or other utility failures, software or smart contract system bugs or weaknesses, earthquakes, storms or other nature-related events, blockages, embargoes, riots, acts or orders of government, actions of the government, change of laws, introduction of new law, acts of terrorism or war, epidemic, pandemic, technological change, changes to any blockchain-related protocol, any actions or inactions of third parties and/or events experienced by third parties, e.g., bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties, and such other similar events which are beyond reasonable control of the Platform. The User acknowledges that the Platform may engage the services of third party service providers in connection with the operation of the Platform or provision of Services, and agrees that the Platform shall not be liable to the User for any suspension, halt or interruption of the Platform, Service and/or the failure to execute any transaction on the Platform where such circumstances arise or result from any interruptions, errors, default or otherwise by any third party service providers of its services in connection with the operation of the Platform or provision of Services.
9. Financial Regulation and Advice:
9.1 We do not provide any investment advice or financial advice in connection with the Services or Platform. While We may provide information on the value, range, volatility of Cryptos, and events that may affect/have affected the price of Cryptos directly on the Platform or through other social media channels, this is not investment advice or financial advice and should not be construed or relied on as such. The Platform will not be liable for any loss suffered by You in connection with any transaction involving the Platform / the Service or the Platform.
9.2 You are solely responsible for any and all trading orders placed through Your User’s Platform Account, and all such orders entered by You are unsolicited and based on Your own research and decisions. You further understand and acknowledge that under no circumstances will your use of the Platform or Services be deemed to create a relationship that includes the provision or tendering of investment advice.
9.3 The Platform and Service being provided is currently unlicensed within India as, to the best of our information and belief, no such regulatory license is applicable to the Platform and Service.
10. Assignment; Entire Agreement; Waiver:
10.1 You acknowledge and agree that the Platform can freely assign these Terms of Use or any of its rights under these Terms of Use to any person without Your consent.
10.2 You shall however, not be entitled to assign these Terms of Use, in whole or in part, to another person (subject to the rights of inheritance of any legally entitled heirs of the User upon the User’s death) without the prior written approval of the Platform which can be withheld or denied by the Platform in its sole and absolute discretion.
10.3 These Terms contain the entire understanding of the parties in respect of their subject matter and supersede all prior agreements, representations, warranties, covenants and understandings (oral or written) between or among the parties with respect to such subject matter. These Terms are not intended to confer upon any person, other than the parties hereto, any rights or remedies hereunder. No waiver hereunder can be granted, except as explicitly agreed in writing by the parties. No failure to exercise and no delay in exercising, any right, power or privilege under these Terms shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power or privilege.
11. Termination and Suspension:
11.1 You may terminate this agreement with Us, at any time, following: (a) settlement of any pending transactions/ instructions, (b) your withdrawal of any INR balance maintained with the Platform, and (c) closing of your open positions. The Platform shall not be liable for any loss incurred to you in case you fail to complete these actions prior to terminating your User’s Account.
11.2 You can choose to close down Your User’s Account by choosing the relevant option on the Platform or by writing to investtokar@gmail.com .
11.3 You agree that the Platform may, by giving notice, in its sole discretion, restrict or terminate your access to the Platform and/or Services; including without limitation, suspending or terminating the Service, prohibiting access to Your User’s Account, and/or the Platform and its content, services and tools, delaying or removing hosted content, and taking technical and legal actions to keep You off from availing the Services on the Platform if We, in our sole discretion, reasonably perceive that You are creating any problems, including without limitation, possible legal liabilities, infringement of the intellectual property rights, or acting inconsistently with the letter or spirit of these Terms of Use or applicable law. The obligation to provide notice as aforesaid shall not be applicable and notice shall not be given if so instructed by any law enforcement, judicial or government agency.
11.4 We may, in appropriate circumstances and at our sole discretion, initiate the above actions for any reason, including without limitation, and in addition to the reasons as mentioned elsewhere in the Terms:
11.4.1 Attempts to gain unauthorized access to the Platform/ Services or providing assistance to others’ attempting to do so;
11.4.2 Usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities;
11.4.3 Violations of these Terms of Use / Privacy Policy;
11.4.4 Failure to pay or fraudulent payment for transactions;
11.4.5 Unexpected operational difficulties; or
11.4.6 Upon the request of law enforcement or other government agencies.
11.5 The Platform may terminate Your User’s Account or suspend your access to the Services / Platform or any part thereof at any time and with immediate effect for any reason or no reason, in our sole discretion.
11.6 If you have a balance remaining in Your User’s Account that has been suspended, we may freeze such balance for so long as the User’s Account / Service is suspended. If the User’s Account is terminated due to fraud, violation of law, or violation of this Agreement or other reasonable cause as determined by the Platform, we may, in our discretion, confiscate or freeze the balance remaining in Your User’s Platform Account or deliver it to any applicable government, law enforcement, or other authorities where circumstances warrant.
11.7 We may suspend, withdraw, discontinue or change all or any part of Service including Your User’s Account without notice. The Platform will not be liable to you including without limitation for any losses due to the unavailability of any Service or any part thereof at any time or for any period.
11.8 We have the right to disable your access to Your User’s Account or any part of it or suspend provisioning of the Services or the Platform or any part thereof, at any time, if in our reasonable opinion, you have failed to comply with any of the provisions of these Terms or applicable laws.
11.9 The Platform may suspend the trading service, Your User’s Account, or any other service extended by it due to unforeseen situations, change of law, force majeure, maintenance or any other reason as it deems fit in its sole discretion and You acknowledge that Your access to the funds/ Your User’s Account/ Services in case of such an instance may be limited or restricted or suspended, partially or fully. You accordingly understand and acknowledge that the Platform shall have no liabilities or obligations arising from such events.
11.10 The Platform shall, upon verification, block/suspend/close your access to Platform or any aspect of the Services and/or terminate all facilities in relation thereto following the receipt of any information showing Your illegal, misleading, fraudulent, or suspicious activity or any activity by You which breaches these Terms, and We shall not be liable for any inconvenience, damages or losses caused to the User in this regard.
11.11 We may also restrict, terminate or suspend the use of the Platform and its services at any time without prior notice if We reasonably believe it is necessary for business or security reasons, or if required by applicable law.
11.12 Consequences of Termination: In addition to the other consequences set out above in this Clause 11, upon termination of this Agreement or earlier determination, the rendering of the Services shall stand immediately terminated by the Platform and the User shall not be entitled to access or avail the Services. The Platform shall continue to retain your information and data as per its Privacy Policy to ensure compliance with its legal obligations, and for audit and recording purposes.
12. Indemnity:
To the full extent permitted by applicable law, you hereby indemnify, defend and hold- harmless the Platform, and its affiliates, officers, directors, partners, agents, employees, and suppliers against any Losses, action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred from your use of the Platform and/or Service / Your User’s Account and/or from your violation of these Terms, Privacy Policy, and AML Policy including but not limited to your violation of applicable laws while using the Platform and/or Services.
13. Contact:
If You have any questions relating to these Terms of Use, Your rights and obligations arising from these Terms of Use and/or Your use of the Platform and the Service, or any other matter, please contact our Grievance Officer:
Email: investtokar@gmail.com
Law enforcement, statutory or regulatory agencies/authorities should contact our Nodal Officer:
Email: investtokar@gmail.com
14. Governing Law and Jurisdiction:
These Terms of Use shall be governed and construed in accordance with the laws of India without giving effect to its principles of conflict of laws. The Parties agree to irrevocably submit to the exclusive jurisdiction of the courts situated in Madhya Pradesh, India for the resolution of any disputes or differences arising from these Terms of Use.
15. Further Assurances:
The User shall execute and deliver such additional instruments and other documents and shall take such further actions as may be necessary or appropriate to effectuate, carry out and comply with all of the terms of these Terms and applicable law.
16. Severability:
If any word, phrase, sentence, clause or provision of these Terms as applied to a party or to any circumstance is adjudged by a court to be invalid or unenforceable, the same will in no way affect any other circumstance or the validity or enforceability of any other word, phrase, sentence, clause or provision of these Terms. If any provision of these Terms , or any part thereof, is held to be unenforceable because of the duration of such provision or the area covered thereby, the parties agree that the court making such determination shall have the power to reduce the duration and/or area of such provision, and/or to delete specific words or phrases, and in its reduced form, such provision shall then be enforceable and shall be enforced.
17. Cumulative Remedies:
The rights and remedies of the Platform provided by these Terms are cumulative and the use of any one right or remedy shall not preclude or waive its right to use any or all other remedies. Said rights and remedies are given in addition to any other rights the Platform may have under applicable law.
Disclaimer: The translated version of the Terms of Use/Privacy Policy/Trading Policy/AML Policy is made available on a reasonable best efforts basis and solely for Your convenience. For all legal purposes and for the purposes of interpretation or performance, the English version shall prevail over the version in any other Language.