Terms and Conditions of Use

1. Introduction

This User Agreement sets out the terms on which POSYA offers you access to and use of our sites, services, applications and tools (collectively "Services"). All policies are incorporated into this User Agreement. By signing up to use the POSYA Account through the POSYA Site, you agree to comply with and be legally bound by this Agreement. If you do not agree to any of the terms set forth in this Agreement, you may not access or use any of the POSYA Services.
POSYA private limited company ("POSYA," "we", "us" or "our") and applies to your use of:

The POSYA website located at posya.io and any associated POSYA-hosted websites or mobile applications (collectively the "POSYA Site" or "Site"), and
Any of the services provided to you by POSYA (together with the POSYA Site, the "POSYA Services" or "Services").

2. About POSYA

POSYA is a Token that is purchased by users in return for crypto currencies mined from different location. POSYA is NOT a money transfer service, NOT a money remittance service, NOT a crypto currency exchange, NOT a crypto currency wallet, NOT a traditional auctioneer. POSYA does not receive cash from users in exchange of crypto currencies and does not receive crypto currencies from users in exchange of cash.

While we may provide pricing and other guidance in our Services, such guidance is solely informational and you may decide to follow it or not. Also, while we offer tools that may help facilitate the user’s transactions, POSYA has no control over and does not guarantee the existence, safety or legality of the transactions posted on the Site.

3. Use of the POSYA Site

In connection with using or accessing the Services you will not:

  1. post, list or upload fraudulent transactions;
  2. breach or circumvent any laws, third-party rights or our systems, policies, or determinations of your account status;
  3. use our Services if you are not able to form legally binding contracts (for example if you are under 18), or are temporarily or indefinitely suspended from using our sites, services, applications or tools;
  4. fail to pay for the transactions you entered into
  5. manipulate the price;
  6. post false, inaccurate, misleading, defamatory, or libelous information;
  7. transfer your POSYA account and user ID to another party without our consent;
  8. distribute or post spam, unsolicited or bulk electronic communications, chain letters, or pyramid schemes;
  9. distribute viruses or any other technologies that may harm POSYA, or the interests or property of users;
  10. use any robot, spider, scraper, or other automated means to access our Services for any purpose;
  11. bypass our robot exclusion headers, interfere with the working of our Services, or impose an unreasonable or disproportionately large load on our infrastructure;
  12. export or re-export any POSYA application or tool except in compliance with the export control laws of any relevant jurisdictions and in accordance with posted rules and restrictions;
  13. copy, transmit, distribute, sell, resell, license, de-compile, reverse engineer, disassemble, modify, publish, reproduce, display, distribute, or prepare derivative works from content that belongs to or is licensed to POSYA, or that comes from the Services and belongs to another POSYA user or to a third party including works covered by any copyrights, trademark, patent, or other intellectual property right, except with prior express permission of POSYA and/or any other party holding the right to license such use;
  14. Frame or display the POSYA Site or Content (or any portion thereof) as part of any other web site or any other work of authorship without our prior written permission.
  15. commercialize any POSYA application or any information or software associated with such application;
  16. harvest or otherwise collect information about users without their consent; or
  17. Circumvent any technical measures we use to provide the Services.

If we believe you are abusing POSYA, we may, in our sole discretion and without limiting other remedies, limit, suspend, or terminate your user account(s) and access to our Services, delay or remove hosted content, remove any special status associated with your account(s), remove and demote listings, and take technical and/or legal steps to prevent you from using our Services.

We may cancel unconfirmed accounts or accounts that have been inactive for a long time or modify or discontinue our Services. Additionally, we reserve the right to refuse or terminate all or part of our Services to anyone for any reason at our discretion.

Limited License:

We grant you a limited, nonexclusive, nontransferable license, subject to the terms of this Agreement, to access and use the POSYA Site, and the content, materials, information and functionality available in connection therewith (collectively, the "Content") solely for informational, transactional, or other approved purposes as permitted by POSYA from time to time. Any other use of the POSYA Site or Content is expressly prohibited. All other rights in the POSYA Site or Content are reserved by us and our licensors. We reserve all rights in the POSYA Site and Content and you agree that this Agreement does not grant you any rights in or licenses to the POSYA Site or the Content, except for this express, limited license. Without limiting the foregoing, If you violate any portion of this Agreement, your permission to access and use the POSYA Services may be terminated pursuant to this Agreement. In addition, we reserve the right to all remedies available at law and in equity for any such violation. "POSYA.com", "POSYA", and all logos related to the POSYA Services or displayed on the POSYA Site are either trademarks or registered marks of POSYA or its licensors. You may not copy, imitate or use them without POSYA's prior written consent.

Website Accuracy:

Although we intend to provide accurate and timely information on the POSYA Site, the POSYA Site (including, without limitation, the Content) may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. In an effort to continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products and services. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the POSYA Site are your sole responsibility and we shall have no liability for such decisions.

Third-Party Materials:

From time to time, the POSYA Site may contain references or links to third-party materials (including without limitation websites) not controlled by us. We provide such information and links as a convenience to you. Such links should not be considered endorsements of these sites or any content, products or information offered on such sites and such reference does not imply our recommendation, approval, affiliation, or sponsorship of that respective property, product, service, or process. You acknowledge and agree that we are not responsible for any aspect of the information or content contained in any third party materials or on any third party sites accessible or linked to the POSYA Site, including without limitation content, property, goods or services available on the linked sites.

Computer Viruses:

We shall not bear any liability, whatsoever, for any damage or interruptions caused by any computer viruses, spyware, scareware, web scraper, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. We advise the regular use of a reputable and readily available virus screening and prevention software. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from POSYA. Always log into your POSYA Account through the POSYA Site to review any transactions or required actions if you have any uncertainty regarding the authenticity of any communication or notice.

Registration of POSYA Account:

In order to use any of the POSYA Services, you must first register by providing an e-mail address and password. Upon successful completion of the registration and verification procedures, POSYA will establish and confirm your POSYA Account. POSYA may, in our sole discretion, refuse to allow you to establish a POSYA Account, or limit the number of POSYA Accounts that a single user may establish and maintain at any time.

True and accurate information:

In submitting this or any other personal information as may be required, you verify that the information is accurate and authentic, and you agree to update POSYA if any information changes. You hereby authorize POSYA to make any inquiries we consider necessary to verify your identity.

Escrow:

In order to complete any transaction, POSYA Escrow wallet will serve as a guarantee that the transaction is completed. In case of failed transactions, POSYA deserves the right to analyze and evaluate the user's responsibilities and to release the amounts in escrow and/or to refund the users.

Legal Compliance

We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request.

Restricted Activities:

In connection with your use of the POSYA Services, and your interactions with other users, and third parties you will not:

  1. Violate or assist any party in violating any law, statute, ordinance, regulation or any rule of any self-regulatory or similar organization of which you are or are required to be a member (for example, those laws, rules, or regulations governing financial services, controlled substances, unlawful gambling or consumer protections);
  2. Partake in a transaction which involves the proceeds of any unlawful activity
  3. Defraud or attempt to defraud POSYA or other POSYA users;
  4. Infringe upon POSYA's or any third party's copyright, patent, trademark, or intellectual property rights;
  5. Provide false, inaccurate or misleading information;
  6. Take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information;
  7. Interfere with another individual's or entity's access to or use of any of the POSYA Services;
  8. Defame, abuse, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of others;
  9. Publish, distribute or disseminate any unlawful material or information;
  10. Transmit or upload any material to the POSYA Site that contains viruses, Trojan horses, worms, or any other harmful or deleterious programs;
  11. Harvest or otherwise collect information from the POSYA Site about others, including without limitation email addresses, without proper consent;
  12. Act as a payment intermediary or aggregator or otherwise resell any of the POSYA Services, unless expressly authorized by POSYA in writing;
  13. Transfer any rights granted to you under this Agreement;
  14. Use the POSYA Account information of another party to access or use the POSYA Site;
  15. Otherwise attempt to gain unauthorized access to the POSYA Site, other POSYA Accounts, transactions, computer systems or networks connected to the POSYA Site, through password mining, passcode mining or any other means; or
  16. Engage in transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the law.

Suspension/Termination and POSYA Account Cancellation:

POSYA may:

(a) Suspend or terminate your access to any or all of the POSYA Services, and
(b) deactivate or cancel your POSYA Account as required by a valid subpoena or court order, or if POSYA reasonably suspects you of using your POSYA Account in furtherance of illegal activity, or if you take any action that POSYA deems as circumventing POSYA's controls, including, but not limited to, opening multiple POSYA Accounts or abusing Bonus or other promotions which POSYA may offer from time to time. In the event that a technical problem causes system outage or Account errors, POSYA may temporarily suspend access to your Account until the problem is resolved.
(c) Pursuant to the economic sanctions programs administered in the countries where POSYA conducts business, POSYA is prohibited from providing services or entering into relationships with certain individuals and entities. In the event that POSYA is required to block your POSYA Account in accordance with a sanctions program, POSYA is not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with applicable law, the guidance or direction of any regulatory authority or government agency, or any writ of attachment, lien, levy, subpoena, warrant or other legal order.
POSYA reserves the right to refuse to process, or to cancel or reverse, any transaction, if POSYA suspects the transaction involves (or has a high risk of involvement in) money laundering, terrorist financing, fraud or any other type of financial crime, restricted activity or prohibited business, in response to a subpoena, court order, or other government order.

Taxes:

It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the POSYA Services, and to withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. Your transaction history is available through your POSYA Account.

Our Relationship with You

To be eligible to use the POSYA Services, you must be at least 18 years old (or the applicable age of majority and contractual capacity if you reside in a jurisdiction where the age of majority or contractual capacity is above 18 years of age). By accessing or using the POSYA Services you represent and warrant that you are 18 or older.

Relationship of the Parties:

Nothing in this Agreement shall be deemed or is intended to be deemed, nor shall it cause, you and POSYA to be treated as partners, joint ventures, or otherwise as joint associates for profit, or either you or POSYA to be treated as the agent of the other.

Service Providers:

From time to time, POSYA may engage third parties to assist POSYA in providing certain aspects of the POSYA Services (each, a "Service Provider"). Service Providers may include, but are not limited to, POSYA's banking partners and technology or engineering service providers.

Your Privacy:

Protecting your privacy is very important to POSYA.

  1. If you receive information about another user through the POSYA Services, you must keep the information confidential and only use it in connection with the POSYA Services. You may not disclose or distribute a user's information to a third party or use the information except as reasonably necessary to effectuate a transaction and other functions reasonably incidental thereto such as support, reconciliation and accounting unless you receive the user's express consent to do so. You may not send unsolicited email to a user through the POSYA Services.
  2. You are responsible for maintaining adequate security and control of any and all IDs, passwords, passcodes, or any other codes that you use to access the POSYA Services and/or enter into a transaction through your POSYA Account. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your POSYA
  3. Account by third-parties and the loss or theft of any value associated with your POSYA Account. You are responsible for keeping your email address up to date in your Account profile in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your sensitive information or failure to follow or act on any notices or alerts that we may send to you. In the event you believe your POSYA Account information has been compromised, contact POSYA Support immediately at: contact@posya.io

POSYA Escrow wallet:

You acknowledge that POSYA may not be a qualified custodian under applicable law, and represent that your use of the POSYA Services is in compliance with any applicable requirements governing the maintenance and use of fiduciary accounts and custodial assets.

Consent to Electronic Records:

By using the POSYA Services, you agree that POSYA may provide you with any notices or other communications about your POSYA Account and the POSYA Services electronically: (a) via email (in each case to the address that you provide) or (b) by posting to the POSYA Site. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. If you do not wish to receive notices or other communications electronically, we will be unable to support your POSYA Account.

Disputes, User Feedback, Queries, and Complaints

  1. if there's a problem with a purchase, the POSYA Resolution Center helps to explain what went wrong in the transaction and resolve issues. You agree to comply with the policy and permit us to make a final and not appealable decision on any POSYA Resolution Center case. You acknowledge and agree that a dispute may end up, for a given transaction under dispute, with a fine and that POSYA Escrow wallet may be used to collect that fine.
  2. When an issue arises, we may consider the evidences shown by each party and the user's performance history and the specific circumstances in applying our policies. We may choose to be more lenient with policy enforcement in an effort to do the right thing.
  3. We may suspend the POSYA Resolution Center procedures in whole or in part without notice if we suspect abuse or interference with the proper working of the policy.

Contact POSYA:

If you have any feedback, questions or complaints contact us via our Customer  support webpage in your account at contact@posya.io

Complaints:

In the event of a complaint, please set out the cause of your complaint, how you would like us to resolve the complaint and any other information you believe to be relevant. We will acknowledge your complaint within 24 hours of its receipt. A Customer Complaints officer ( "Officer") will consider your complaint. The Officer will consider your complaint without prejudice based on the information you have provided and any information provided by POSYA.

Limitations of Liability:

In no event shall POSYA, its affiliates and service providers, or any of their respective officers, directors, agents, joint ventures, employees or representatives, be liable for any claim or demand, lost profits or any special, incidental or consequential damages, including legal fees, arising out of or in connection with the POSYA site, the POSYA services, the POSYA account or this agreement (however arising, including negligence).

No Warranty:

The POSYA services are provided "as is" and "as available" basis without any representation or warranty, whether express, implied or statutory. POSYA specifically disclaims any implied warranties of title, fitness for a particular purpose and non-infringement. POSYA does not guarantee continuous, uninterrupted or secure access to any part of POSYA services, and operation of the POSYA site may be interfered with by numerous factors outside of our control. POSYA will make reasonable efforts to ensure that passcodes to complete a escrow outflows, refunds, are processed in a timely manner but POSYA makes no representations or warranties regarding the amount of time needed to complete processing because the POSYA services are dependent upon many factors outside of our control, such as delays in the blockchain system.

We try to keep our Services safe, secure, and functioning properly, but we cannot guarantee the continuous operation of or access to our Services. Bid update and other notification functionality in POSYA's applications may not occur in real time. Such functionality is subject to delays beyond POSYA's control.

In addition, to the extent permitted by applicable law, we (including our parent, subsidiaries, and affiliates, and our and their officers, directors, agents and employees) are not liable, and you agree not to hold us responsible, for any damages or losses (including, but not limited to, loss of money, goodwill or reputation, profits, or other intangible losses or any special, indirect, or consequential damages) resulting directly or indirectly from:

In entering into this release you expressly waive any protections (whether statutory or otherwise) that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.

Entire Agreement:

This Agreement sets forth the entire understanding and agreement between you and POSYA as to the subject matter hereof, and supersedes any and all prior discussions, agreements and understandings of any kind (including without limitation any prior versions of this Agreement), and every nature between and among you and POSYA.

Assignment:

This Agreement, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by POSYA without restriction, including without limitation to any of its affiliates or subsidiaries, or to any successor in interest of any business associated with the POSYA Services. Any attempted transfer or assignment in violation hereof shall be null and void. Subject to the foregoing, this Agreement will bind and inure to the benefit of the parties, their successors and permitted assigns.

Severability:

If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law or regulation or any governmental agency, local, state, or federal, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of this Agreement shall not be affected.

Change of Control:

In the event that POSYA is acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.

Survival:

All provisions of this Agreement which by their nature extend beyond the expiration or termination of this Agreement, shall survive the termination or expiration of this Agreement.

Amendments:

We may amend or modify this Agreement by posting on the POSYA Site or emailing to you the revised Agreement. By continuing to access or use the POSYA Services once the revised Agreement is effective, you agree to be bound by the Agreement. You further agree that we may (a) modify or discontinue any portion of the POSYA Services, and (b) suspend or terminate your access to the POSYA Services, at any time, and from time to time. You agree that we shall not be liable to you or any third party for any modification or termination of the POSYA Services, or suspension or termination of your access to the POSYA Services.

Force Majeure:

We shall not be liable for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services or the blockchain, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.

Section Headings:

Section headings in this Agreement are for convenience only, and shall not govern the meaning or interpretation of any provision of this Agreement.

English Language Controls:

Notwithstanding any other provision of this Agreement, any translation of this Agreement is provided for your convenience. The meanings of terms, conditions, and representations herein are subject to definitions and interpretations. Any translation provided may not accurately represent the information in the original English. By accepting the Agreement, you confirm that you abide by the clauses above and have sufficient understanding of blockchain technology, the general functioning of tokens and the Issuer’s business model.

By Registering for POSYA, I hereby accept the Posya Terms and Conditions.