1.
TERMS OF USE
These 'Terms of Use' ("Terms") are published under and in accordance with the
provisions of the Rule 3(1) of the Information Technology (Intermediary
Guidelines) Rules, 2011 and Information Technology Act, 2011.
2.
PORTAL
Cryptorers Private Limited, a company registered under the
Companies Act, 2013, (Hereinafter referred to as “the Company” or “Company”
or “us” or “our”) is the registered owner of the brand name ‘Cryptorers’
and the website www.cryptorers.com,
sub-pages and mobile application in name of ‘Cryptorers’ (Hereinafter referred
to as “Portal”). These Terms govern
the use of the Portal and use of the services provided on the Portal. It is
recommended that these Terms are read and understood carefully before accessing
the Portal. Visiting, accessing or using the Portal or any service on the
Portal is deemed to be the acceptance by the User of these Terms. The Company reserves the
right to amend, modify, change, delete part of these Terms, any time, by way of
posting such amended Terms on the Portal, without any prior notice to anyone.
Some of the sections and/or services provided on
the Portal may be subject to additional terms, rules and regulations which are
either set out below or stipulated at appropriate places on the Portal.
3.
USER
The terms You, Your, User, Visitor, shall mean
and include each natural or legal person visiting, accessing, browsing,
downloading or using the Portal, in any manner either as unregistered or
registered User of the Portal.
COMPLIANCE WITH TERMS: Users agree to abide by these Terms and all
other rules, regulations and terms of use of the Portal. In the event User does
not abide by these Terms and all other rules, regulations and terms of use,
Company may, at its sole and absolute discretion, take necessary remedial
action, including but not limited to:
● restricting, suspending, or terminating any
User's access to all or any part of Company’s Services;
● deactivating or deleting a User's account and
all related information and files on the account; or
● forfeit any amount remaining unused in the
User's Account or Winnings Account;
●
refraining
from awarding any prize(s) to such User.
User agrees and undertakes as follows:
●
to provide
true, accurate, current and complete information at the time of registration
and at all other times (as required by Company). Users further shall to update
and keep updated information provided at the time of registration;
●
A User
shall not register or operate more than one User account with Company.
●
Users shall
ensure that company email
addresses and phone numbers shall be marked as and added to the safe senders list. Company shall not be held liable if any
e-mail/SMS remains unread by a User as a result of such e-mail getting
delivered to the User's junk or spam folder.
●
Any
password issued by Company to a User shall not be disclosed to any person. No
User shall access the account of any other User in any manner either with or
without permission of the User owning the account. Users are responsible for
maintaining the confidentiality of their accounts and passwords. Users agree to
immediately notify the Company
of any unauthorised use of their passwords or
accounts or any other breach of security.
●
Users shall
exit/log-out of their accounts at the end of each session. Company shall not be
responsible for any loss or damage that may result if the User fails to comply
with these requirements.
●
Users agree
not to use cheats, exploits, automation, software, bots, hacks or any
unauthorised third party software designed to modify or interfere with the
Services and/or Company experience or assist in such activity.
●
Users agree
not to copy, modify, hack, corrupt, rent, lease, loan, sell, assign,
distribute, reverse engineer, grant a security interest in, or otherwise
transfer any right to the technology or software owned, used, leased, developed
by for running, operating, maintaining, updating Portal or providing Services.
●
Users agree
not to disrupt, overburden, or aid or assist in the disruption or overburdening
of (a) any computer or server used to offer or support Company or the Services
(each a "Server"); or (2) the enjoyment of Services by any other User
or person.
●
Users shall
not institute, assist or become involved in any type of attack, including
without limitation to distribution of a virus, denial of service, or other
attempts to disrupt Services or any other person's use or enjoyment of
Services.
●
Users shall
not attempt to gain unauthorised access to the User accounts, Servers or
networks connected to Services by any means other than the User interface
provided by Company, including but not limited to, by circumventing or
modifying, attempting to circumvent or modify, or instigating or assisting any
other person to circumvent or modify, any security, technology, device, or
software that underlies or is part of Services.
●
Users
shall not publish any content that 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.
●
Without
prejudice to the generality of the foregoing, Users shall not use Portal for
any of the following:
o
To engage
in any obscene, offensive, indecent, racial, communal, anti-national,
objectionable, vulgar, discriminatory, defamatory or abusive action or
communication;
o
To harass,
stalk, intimidate, threaten, or otherwise violate any legal rights of other
individuals;
o
To publish,
post, upload, e-mail, distribute, or disseminate (collectively,
"Transmit") any inappropriate, profane, defamatory, infringing,
obscene, indecent, or unlawful content;
o
To Transmit
files that contain viruses, corrupted files, or any other similar software or
programs that may damage or adversely affect the operation of another person's
computer, Company, any software, hardware, or telecommunications equipment;
o
To
advertise, offer or sell any goods or services for any commercial purpose on
Portal without the express written consent of Company;
o
To download
any file, recompile or disassemble or otherwise affect our products that you
know or reasonably should know cannot be legally obtained in such manner;
o
To collect
or store personal information about other Users;
o
To
interfere with or disrupt Portal, servers, or networks;
o
To
impersonate any person or entity, including, but not limited to, a
representative of Company, or falsely state or otherwise misrepresent User's
affiliation with a person or entity;
o
To forge
headers or manipulate identifiers or other data in order to disguise the origin
of any content transmitted through Portal;
o
To do, on
or through the means of the Portal, any act, deed or thing that 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 cognizable offence or prevents investigation of any offence or is insulting
other nation.
o
To Transmit
any content or indulge in any manner that infringes any patent, trademark,
copyright or proprietary
rights or any intellectual property right of other persons.
Company shall not be held responsible for any content
contributed by Users on the Portal.
4.
USE OF SERVICES
Age of Users- Only Users above 18 years of age or older, or the age of majority in INDIA of User can avail Company’s Services. The Company reserves the right to terminate any account of User who is below the age of 18 years or under the age of majority in INDIA.
TYPES
OF SERVICES
The Company provides or may provide in future,
Services, listed below, which may be provided by the Company either free of
charge or in lieu of a fee:
● Fantasy Games – Company offers its Portal to run
Contests of fantasy games based on cryptocurrency price trends;
● Community Service- Company may also offer for
free or for charge community service enabling Users to form interest/subject
based community(ies), group(s), club(s), society(ies) on the Portal to disseminate information, interact and
discuss, with other Users;
●
Educational
Services- Company may also offer for free or for charge
for content in form of presentations, audio-video
presentations, graphics, etc aimed at educating Users on blockchain based
ecosystem and its elements.
Prohibited
Indian States- Individuals
residing in the Indian states of Assam, Odisha, Sikkim, Nagaland, Andhra
Pradesh, Telangana, Meghalaya or Tamil Nadu (“Prohibited States”) are not
allowed to participate in any paid Contest as the laws of these states are
unclear/ bar persons from participating in games of skill where users are
required to pay to enter. Company reserves the right to bar residents of such
Indian states from participating in the paid as well as free Contest(s), where
the applicable local laws do not allow participation by residents in paid games
of skill and Company further reserves the right to expand or modify the list of
Prohibited States. In the event it is indicated by you, or found by us, that
you are a resident of any of the Prohibited States, you will not be permitted
to proceed to sign up for any paid as well as free Contest(s).
Use
of Services- User can
register to avail the Services by signing up via OTP verification through the
mobile number and/or email address provided by the User. In order to be
eligible to user Services and to continue using Services, User agrees to abide
by the following:
●
to provide
basic information, personally identifiable information, which is true,
complete, and accurate, in all respects and agree not to submit any particulars
which are false or any information to which the User does not have any right or authority to provide. User is
solely responsible for safeguarding User’s account and User agrees not to
disclose password to any third party. You shall not use false identities or
impersonate any other person or use a username or password that you are not authorised to use.
●
User agrees
to use all Company’s Services, in accordance with the applicable laws, rules
and regulations, or any other specific restrictions on the use of the Service
or content therein.
●
Users
may be asked to provide information regarding User’s employment, profession, or
status of vocation etc.
●
To find
more information about Services, or if any assistance is needed in respect of
Services, please write to us at support@cryptorers.com.
●
If the User
Account is suspended or terminated, then any amount remaining unused in the
User's Account or Winnings Account on the date of deactivation or deletion
shall be transferred to the User's bank account on record with Company subject
to a processing fee (if any) applicable on such transfers as set out herein,
but not if such suspension or removal of User’s account is affected due to:
a.
any
breach or non-performance or inadequate performance by the User of any of these
Terms; or
b.
any
circumstances beyond the reasonable control of the Company;
c.
any
order or directions passed by any statutory authority and /or judicial/ quasi-
judicial authority.
5.
PRIVACY
All information collected from and submitted by Users, such as registration and credit card information, is subject to the Company’s Privacy Policy which is available at Privacy Policy.
6.
CONTEST(S)
TYPES OF CONTESTS- Company may make available on the Portal, free or paid Contest(s) and all Users agree to abide by the terms of such Contest(s). Users by entering/participating in a Contest(s) are deemed to agree to the Terms. The Contest(s) shall, in addition to the Terms, rules and regulations mentioned herein, be governed by:
(a) Cryptorers Game Rules & How to Play, as stipulated herein; and
(b) other rules and regulations (including rules
and regulation in relation to any payments made to participate in the
Contest(s).
All such additional rules namely Cryptorers Game Rules and other rules shall be deemed to be
incorporated in an essential
part of the Terms. It is the User’s responsibility to regularly check the Portal
regularly for updates, modifications thereto, however Company shall endeavour to send communications through website notification, mobile app notification, emails and/or SMS
communication, about any such changes to keep the User updated.
Currently, following contests are made available
on the Portal:
(i)
FREE TO JOIN
(ii)
PAY TO JOIN
Users may participate in one, more or all of such Contest(s), subject to the Terms and Users participating any or more Contest(s) on Platform by creating their set consisting of crypto-currencies (“Crypto-Set” or “Set”).
Pre-Designated Amount - Users may participate in the Contest(s) by
paying the pre-designated amount as provided on the relevant Contest card/page. The ‘pre-designated amount’ means and
includes pre-determined Portal Fee for accessing the Services and
pre-determined User’s contribution towards prize money pool.
Crypto-Set
- A User may create up to fifty
(50) different Sets for participation in Contest(s). However, unless the Company allows Users to
participate in Contest by entering/using more than one Crypto-Set of
Crypto-Currencies (“Multiple Entry Contest”), Users acknowledge and agree that
they may enter/use only one Crypto-Set in any Contest. A User may enter/use
more than one Crypto Set in any Multiple Entry Contest. In addition, it is
expressly clarified that Company may, from time to time, restrict the maximum
number of Sets that may be created by a single User account (for each
format of the contest) or which a single User account may enter in a particular
Multiple Entry Contest, in each case to such number as determined by Company in
its sole discretion.
Publicity: Acceptance of a prize by the winner constitutes
permission for Company, and Company’s affiliates to use the winner’s name,
likeness, voice, and comments for advertising and promotional purposes in any
media, anywhere in the world for purposes of advertising without any further
permissions or consents and / or additional compensation whatsoever. The
winners further undertake that they will be available for promotional purposes
as planned and desired by Company without any fee/charge/monetary
consideration. Company shall endeavour to find the availability of the User
however the Company shall decide the time, date and venue for such purposes at
its sole discretion and such promotional activities may include but not be
limited to press events, live session on social media websites/mobile
applications, internal meetings and ceremonies/functions.
7.
INTELLECTUAL PROPERTY
Intellectual
Property Rights- The Platform
includes a combination of content created by the Company, its partners,
affiliates, licensors, associates and/or Users. The intellectual property
rights (“Intellectual Property Rights“)
in all software underlying the Portal and material published on the Portal,
including (but not limited to) Fantasy games in any segment, Contests, software, advertisements, written content,
photographs, graphics, images, graphics, illustrations, marks, logos, audio or
video clippings and flash animation, is owned by the Company, its partners,
licensors and/or associates. Users shall not modify, publish, transmit,
participate in the transfer or sale of, reproduce, create derivative works of,
distribute, publicly perform, publicly display, or in any way exploit any of
the materials or content on the Portal either in whole or in part without
express written consent/licence
from the Company. Users may request permission to use any of the Company’s
content by writing in to at support@cryptorers.com
User’s
Content- Users are solely
responsible for all materials (whether publicly posted or privately
transmitted) that they upload, post, e-mail, transmit, or otherwise make
available on the Portal (“User’s
Content“). Each User
represents and warrants that the User owns all Intellectual Property Rights in
the User’s Content and that no part of the User’s Content infringes any
third-party rights. Users further confirm and undertake that User shall not
display or use names, logos, marks, labels, trademarks, copyrights, or
intellectual and proprietary rights of any third-party on the Portal. Users agree
to indemnify and hold harmless the Company, its directors, employees, officers,
representatives, affiliates and assigns against all costs, damages, loss and
harm including towards litigation costs and counsel fees, in respect of any
third party claims that may be initiated against the Company or its directors,
employees, officers, representatives, affiliates and assigns, including for
infringement of intellectual property rights arising out of such display or use
of the names, logos, marks, labels, trademarks, copyrights or intellectual and
proprietary rights on the Portal, by such User and/or through the User’s commissions or omissions.
Licence by User - Users hereby grant to the Company and its affiliates,
partners, licensors and associates a worldwide, irrevocable, royalty-free,
non-exclusive, sub-licensable licence to use, reproduce, create derivative works of, distribute,
publicly perform, publicly display, transfer, transmit, and/or publish Users’
Content for any of the following purposes:
a.
displaying
User’s Content on the Portal
in any form, medium, or technology;
b.
distributing
User’s Content, either
electronically or via other media, to other Users seeking to download or
otherwise acquire it;
c.
storing
Users’ Content in a remote database accessible by end users, for a charge;
d.
using
or posting User’s Content on any platform – print, online, offline for any
purpose including marketing, promotion or advertising of Platform or Company’s
Services or any other purpose;
e.
Editing,
modifying or deleting part of User’s Content for any of the above purpose;
User agrees that the grant of licence by the User to the Company in
User’s Content as above shall not absolve User of liability of all kinds in
relation to User Content and the User shall always remain liable or responsible
to the exclusion of the Company, for whole or any part of the User Content.
All names, logos, marks, labels, trademarks,
copyrights, or intellectual and proprietary rights on the Portal belonging to
any person (including User), entity or third party are recognized as
proprietary to the respective owners and any claims, controversy or issues
against these names, logos, marks, labels, trademarks, copyrights or
intellectual and proprietary rights must be directly addressed to the respective
parties under notice to the Company.
8.
THIRD PARTY SITES, SERVICES AND PRODUCTS
Portal, or communication by the Company via
email, on social media pages of the company, and/or User’s account, may contain
links to other Internet sites owned and/or operated by third parties. Users’
use of each of those sites owned/operated by these parties is subject to the terms and conditions of use, if
any, posted by or applicable to use of such sites. The Company does not
exercise control over any such third party internet sites or any other internet
sites. Company does not make any representation and/or warranty about the
authenticity or correctness, integrity or quality of such sites, any content
posted on or any goods or services available on such sites. Company has not reviewed
any material, including goods or services, made
available through third-party sites, and thus cannot be held responsible for
any content residing in any third-party internet site. Users agree that visit
or access to any such third party site/page shall be at User’s own risk and
Users are requested to exercise caution and make an informed choice in
interacting with such third-party sites. It shall be User’s responsibility to
ensure that User is familiar with the policies of such sites before User
engages with such third-party sites, in any manner.
The availability of these links on the Portal
does not represent, warrant, or imply that the Company endorses any third-party sites or any materials, opinions,
goods, or services available on them. Third party materials accessed through or
used by means of the third-party sites may also be protected by copyright and
other intellectual property laws.
9.
LEGALITY OF THE GAME
Cryptorers Fantasy Game and all
Contests on the Portal are games of skill as the success in the Contests is
based upon superior knowledge of User of all the multifarious factors affecting
the price of crypto-currencies including without limitation-market forces of
demand and supply; monetary policy of each cryptocurrency, development and news
in crypto ecosystem, real life use of crypto-currencies, regulatory framework
of the country, training, attention, experience and adroitness of the player in
creating Set of crypto-currency and playing Cryptorers Fantasy Game.
Games of skill are legal and allowed to be
played in India, as such games of skill are excluded from the scope of laws
applicable to games including, the Public Gambling Act of 1867 and similar
state laws on the subject. The Indian Supreme Court in the cases of State of
Andhra Pradesh v. K Satyanarayana (AIR 1968 SC 825) and KR Lakshmanan v. State
of Tamil Nadu (AIR 1996 SC 1153) has held that a game in which success depends
predominantly upon the superior knowledge, training, attention, experience, and
adroitness of the player shall be classified as a game of skill. These
decisions in the afore-quoted cases have been affirmed by High Courts and
Supreme Court in a number of recent judgments.
User acknowledges and agrees that by
participating in the Contest(s), that User is participating in a game of skill.
10.
PAYMENT TERMS
Users entering into any transaction on Portal or
making payment for entering paid Contest, agree to be bound by the following
payment terms:
●
All transactions
on Portal shall be in Indian Rupees;
●
User is
responsible to ensure that the instrument used to make the payment on Portal
belongs to User and/or User is legally authorised to use such instrument.
●
The Company
may charge a fixed fee for accessing and using the Portal and a contribution
towards the prize money pool. The fee for participating in Contest (“Participation Fee”) include both fixed
fee for accessing and using the Portal (“Portal
Fee”) and a contribution towards the prize money pool;
●
Subject to
these Terms of Use, all amounts collected from the User are held in a separate
non-interest earning account (“Account”),
in the name of
the company until determination of
the winners and distribution of prizes takes place.
●
Company
reserves the right to charge a Portal Fee and other applicable charges and
taxes, which are at present equivalent to maximum 40%
of the Contest Entry fee, which would be specified and notified by the Company
on the Portal, prior to a User’s joining of such Contest. It is the responsibility
of the User to check the amount of Participation Fee before entering any
Contest.
●
The Portal
Fee along with all other charges and taxes will be debited from the User’s
account balance or
winnings on Cryptorers Portal and
the Company or its payment partners shall issue a payment advice for such debit and an invoice shall
be issued to the User only upon demand from User.
●
The total Participation Fee collected for a Contest after deduction of total
Portal Fee for that particular Contest and applicable charges and taxes, will be distributed amongst the winner(s) of the
Contest after the completion of the Contest as per the Game Rules of such
Contest. It is clarified that the Company has no right or interest in this
prize money pool, and only acts
as an intermediary engaged in collecting and distributing the prize money pool
in accordance with the Terms and Cryptorers Game Rules. The amount paid by the
User towards the prize money pool will be debited from the User’s main wallet account balance maintained
by the Company.
●
Users
availing the Services are provided with 3 (three) categories of accounts for the processing and
reconciliation of payments: (a) Unutilized Account which shows the sum of money
added through designated payment gateway(s) , others etc to the account by the User and which remains
unutilised and
non withdrawable by the User for payment of Participation Fee; and (b)
Winnings Account which shows the amount won by the User by participating in and
winning the Contests. The money in this Account is withdrawable after successful KYC of a
user. (c) Bonus Account, which shows the bonus earned by a User, if offered by
the Company. Users agree that not more than 10% of Participation Fee shall be
paid by Users from the Bonus Account for each Contest. Users further agree that
the amount in Bonus Account can never be withdrawn by the Users and may have a
validity period within which amount in Bonus Account must be utilised/used by
Users.
●
Users
acknowledge that any amounts in the User’s accounts shall not be allowed to be
transferred to any other category of account held by the User or any
third-party account, including a bank account held by a third party.
●
Participation
Fee shall be debited from the User’s Unutilised Account upon participation by
User in any Contest and if the amount in the User’s Unutilised Account is
insufficient then the Participation Fee shall be debited from the User’s
Winnings Account and if the total money in User’s Unutilised Account and User’s
Winning Account is insufficient User will be redirected to payment gateway
enabling the User to make payment of the remaining amount of Participation Fee.
In the event amount added by User through payment exceeds the unpaid portion of
Participation Fee, the same shall be transferred to the User’s Unutilized
Account and will be available for use in participation in any Contest(s);
●
Debits from
the Unutilized Account for the purpose of enabling a user’s participation in a
Contest shall be made in order of the date of credit of amounts in the
Unutilized Account, and accordingly amounts credited into
the Unutilized Account earlier in time shall be
debited first.
●
In the
event a Contest is cancelled or suspended, for any reason whatsoever, after the
User has deposited the amount towards the Participation Fee, the said amounts
shall, within a period of 21 (twenty-one) days, either be refunded to such
accounts held by User from which the Participation Fee
was paid by the User, or adjusted towards the
rescheduled Contest (the foregoing cancelled/ suspended Contest), at the
discretion of the Company. User shall not have any claim against the Company
because the Company would not return such amounts before the aforementioned
period of 21 days, even if the User is prejudiced or is not able to participate
in any Contest during such period.
●
Withdrawal
of any amount standing to the User’s credit in the Winnings Account may be made
by way of a request to the Company. Upon receiving a
request from the User, the Company shall make an
online transfer to the User’s bank account recorded with Company within a
reasonable period of time. Such transfer will reflect as a debit to the User’s
Winnings Account. No processing fee shall be charged for the online transfer of
such amount from the Winnings Account to the User’s bank account.
●
Users are
required to and shall submit KYC documents including PAN card issued by income
tax authority, Aadhaar Card issued by Govt. of India and any other such
document for verification of address and identity at any stage, failing which
the Company may be entitled to forfeit the amount in
the Winnings Account of the User.
●
If the KYC
of a User is found to have failed after the User has won in a Contest, User
shall not be entitled to receive certificate certifying deduction of TDS (Tax
Deducted at Source) from the Company unless the User verifies its KYC within a
period of 24 hours from winning the Contest.
●
For the
purpose of processing withdrawal requests from the Users are required to provide valid
identification documents including Aadhaar Card and PAN card, bank account
details and any other details, as may be required by the Company to process the
withdrawal request. The details mentioned on the User’s Aadhaar Card should
correspond with the details provided in PAN and in its bank account;
●
Any amount
paid or transferred into the User’s Unutilized Account or Winnings Account may
take up to 24 hours to reflect in the User’s Unutilized Account or Winnings
Account balance. Users agree not to raise any complaint or claim against the
Company in respect of any delay, including any lost opportunity to join any
Contest or match due to delay in crediting of transaction amount into any of
the User’s accounts. Certain additional terms may be communicated to the User
at the time of the transaction and User shall be bound by such additional
terms. To the extent that the additional terms in part or as a whole conflicts
with the Terms, the additional terms shall prevail.
11.
COMPUTATION OF CRYPTO-POINTS
The Company may obtain the information
required for the computation and tabulation of points to be earned by each User
(“Crypto-Points”) from a third party
service provider(s) websites which list the prices of crypto currencies,
ex-www.coingecko.com. In the rare event that any error in the computation or
tabulation of Crypto-Points, selection of
winners, as a result of inaccuracies in or incompleteness of the feed provided
by the third party service provider and/or official website of the crypto
currency comes to its attention, Company shall use best efforts to rectify such
error prior to the distribution of prizes. However, Company hereby clarifies
that it relies on the accuracy and completeness of such third party statistic feeds
and does not itself warrant or make any representations concerning the accuracy
thereof and, in any event, shall take no responsibility for inaccuracies in
computation and tabulation of Crypto-Points or
the selection of winners as a result of any inaccurate or incomplete statistics
received from such third party service provider. Users and Participants agree
not to make any claim or raise any complaint against the Company in this respect.
12.
DISCLAIMER AND LIMITATION OF LIABILITY
Subject to the applicable law and to the maximum
extent permitted by law, Company will not be liable in any way for any loss or
damage suffered by User through use of or access to this Portal, or Company’s
failure to provide this Portal. Company’s liability for negligence, breach of
contract or contravention of any law as a result of Company’s failure to
provide this Portal or any part of it, or for any problems with this Portal,
which cannot be lawfully excluded.
Company will make best endeavours to ensure that the Portal is error-free and secure, however, the Company does not make any
warranty that the:
a.
Portal
will meet Users’ requirements;
b.
Portal
will be uninterrupted, timely, secure, or error free;
c.
results
that may be obtained from the use of the Portal will be accurate or reliable;
and
d.
quality
of any products, the Services, information, or other material that Users
purchase or obtain through the website will meet Users’ expectations.
In case any error, including any error in the
determination of Winners or in the transfer of amounts to a User’s account, is
discovered by Company, Company reserves the right (exercisable at its
discretion) to rectify the error in such manner as it deems fit, including
through a set-off of the erroneous payment from amounts due to the User or
deduction from the User’s account of the amount of erroneous payment. In case
of exercise of remedies in accordance with this clause, Company shall notify
the User of the error and of the exercise of the remedy(ies)
to rectify the same.
To the extent permitted under the applicable
law, in the event of suspension or closure of any services, events or Contests,
Users (including Participants) shall not be entitled to make any demands,
claims, on any nature whatsoever. However, Users agree to indemnify the company for any erroneous
payment made to Users or for receiving an amount more than what they are
rightfully entitled to receive.
The Users must act responsibly and must
understand that participation in Contest involves a component of monetary risk
and may be addictive. Unless otherwise explicitly specified, the Company claims
no association, in any capacity whatsoever, with any capital market,
crypto-currency market, crypto-currency wallet market or any other governing
bodies.
13.
DELETION OR SUSPENSION OF ACCOUNT
The Terms of Use will continue to apply until
terminated by either User or Company. Users may at any time for any reason, deactivate accounts and discontinue using profile on the Portal. However, the terms which
survive general expiration shall continue to govern User. Users agree that Company has the right to immediately suspend
any User’s account on the Portal if Company suspect any violation of Terms or
any applicable laws & regulations. The User may appeal against the suspension of the account by contacting the
Company at support@cryptorers.com
14.
CRYPTORERS GAME RULES
A.
SELECT CONTEST
The User can join any free or paid
Contest, once the User has registered on the Portal. Cryptorers host many Contests frequently (example - FAB 1AM (starts at 1 AM) ,
FAB 3PM (starts at 3 PM) , etc). All Contests are
visible to the User on the ‘Arena’ section of
the Portal. Users are advised to keep an eye on the upcoming contest deadline
in ARENA.
B.
CREATE YOUR SET (TEAM)
Use your knowledge of the crypto-currency market
to pick 7 crypto-currencies from the available crypto-currencies
on the portal which
you think will help you gain more Percentage points
for the selected Contest. It is mandatory that every
crypto-currency set you create on Cryptorers will have 7 crypto-currencies.
-> Your set can have different combinations
of crypto-currencies.
-> There is no limitation and no capping on earning of percentage points.
-> Predict Up/Down for each selected
crypto-currency and Choose one crypto-currency as a
star currency*.
C.
STAR CURRENCY
You can designate one of the selected crypto-currencies as a Star Currency. All the points earned by star currency will
multiply your points by 3x. The positive and negative both kinds of points earned by the star currency will be tripled.
D.
EDITING SET
You can edit your Set as many times as you like
before the Contest starts (“Deadline”). Go to the ‘My Sets’ tab from the home page to check all the sets you have
created and from there you can edit your sets.
Here is
the way to edit your sets.
EDITING SET (From My Sets)
All Sets will act as a main sets. When you
edit your set, then the change done in that
set will affect all upcoming contests you have joined with that set. The effect
of this change will not affect any live/completed contests. We encourage people
to edit their Sets before the Contest starts, in accordance with the
prevailing market conditions.
E.
MULTIPLE SETS
You can create and join Contests with up to 50 Sets depending upon the type of Contest.
Company Shall, in its sole discretion, decide that how many Sets may be used/entered,
by Users to join a particular Contest(s).
F.
JOIN CONTESTS
You
can join the Contest once you
have created a Set by clicking on the
Join contest button for free/practice contests or by selecting and paying the
fees for paid contests.
G.
POINTS SYSTEM
When the Contest starts, the price of the crypto-currencies will be captured as
“start time price”. At the completion of the Contest, the “end time price” will
be captured and the percentage change between start and end time will become
percentage points.
If a crypto-currency has been chosen/predicted
to go up and it actually goes up during the contest duration, it will fetch
positive percentage points but in case it goes down, it will fetch negative
percentage points and Vice Versa.
Example:
|
Name of Crypto currency |
Forecast made by User if the price of Crypto currency
will go up or down |
Actual percentage increase or decrease in
price of Crypto currency |
Percentage Points earned by the User |
|
Bitcoin |
UP |
GOES UP BY 5% |
+5% |
|
ETH |
DOWN |
GOES UP BY 6% |
-6% |
|
XRP |
DOWN |
GOES DOWN BY 10% |
+10% |
|
USDT |
UP |
GOES UP BY 8% |
+8% |
|
LTC |
DOWN |
GOES DOWN BY 2% |
+2% |
|
ADA |
UP |
GOES UP BY 20% |
+20% |
|
WPR (star Currency- Points will be tripled) |
UP |
GOES DOWN BY 10% |
(-10)% * 3 = (-30)% |
|
Total percentage points earned by User for
this Contest FINAL SCORE |
9% |
||
H.
FOLLOW THE GAME
Once the contest is Live, you can follow the Crypboard to see how your set is performing against other
player’s sets.
I.
WITHDRAWING YOUR WINNINGS
After a contest ends, if you are in the winnings
zone, then your contest winnings will reflect on your Winnings Account Balance after deducting
the tax of 31.2 % . Use them to join more
contests or withdraw and celebrate your winnings. No extra charge will
be paid by the customer when the user is withdrawing the winnings as the TDS is
already paid by the user and we will issue a TDS certificate if the PAN CARD of
the user is verified. Before withdrawal the user has to complete KYC otherwise
the user will not be able to withdraw the winnings.
15.
Grievance Officer
In terms of the provisions of the Information
Technology Act, 2000, as amended from time to time and rules made thereunder,
the name and details of the Grievance Officer are given below:-
Mr. Deepak Bansal
C/o Cryptorers Private Limited
C-73, First Floor,Phase-1, Opposite ITI College,
Vivek Vihar, East Delhi -110095
Email-
support@cryptorers.com
Time – Monday to Saturday (11.00 am to 7.00 pm)
All complaints may be addressed to the above mentioned grievance officer.
On receiving such complaint, grievance or
notice, the Company reserves the right to investigate and/or take such action
as the Company may deem appropriate. The Company may reach out to you to seek
further clarification or assistance with the investigation, or verify the
statements made in your complaint, grievance or notice, and you acknowledge
that your timely assistance with the investigation would facilitate the
redressal of the same.
16.
GOVERNING LAW AND JURISDICTION
These terms shall be governed by the laws of India and courts in new
delhi only shall have exclusive jurisdiction with
respect to any dispute arising out of this document , without regard to any
conflict of law provisions, and for resolution of any dispute arising out of
your use of the services.
17.
AMENDMENT OF TERMS
Company reserves the right to amend, modify,
change, delete part of these Terms, any time without any prior notice to
anyone. It is recommended that these Terms are read and understood carefully
before accessing the Portal and visiting, accessing or using the Portal or any
Service on the Portal is deemed to be the acceptance by the User of these
Terms.