Last updated – June 23rd, 2022
Steadystakes operates a digital assets exchange/global centralised clearinghouse (the “Platform”) facilitating yield investment products/services, cross-border payments, remittances and merchant payments for users to trade cryptocoins in real-time cross-blockchain payments.Steadystakes will be responsible for performing all services relating to digital assets, including cryptocoins, will be responsible only for services relating to the handling, dealing and processing of payments and not for any services related to digital assets.
If you are a new user, you must provide your full name and email address to sign up for an account ("Steadystakes Account") with Steadystakes to enable you to access the products and services available on the Platform (subject to any applicable Terms and Conditions).
If you want to open a Steadystakes Account, you must complete our onboarding and verification requirements in order for us to comply with applicable anti-money laundering, anti-terrorist financing and international sanctions screening ("AML/ATF") laws and regulations and you agree to provide such information as we reasonably request. The information that you provide must be complete, accurate and up-to-date.).
We may refuse your application for any reason. Unless required by any applicable law, we do not need to give you reasons for refusing or accepting an application for a Steadystakes Account.
In order to access some of our products and services, including access to our Steadystakes Yield Product, we may require you to complete advanced verification checks and you will be required to accept our additional Yield Terms and Conditions. ).
We have the sole discretion as to the opening, operation and closure of a Steadystakes Account. Without limitation, we may, at any time for any reason, without notice or liability to you:
- vary, suspend, block, freeze or close a Steadystakes Account;
- specify, impose restrictions on or vary the products and services to which a Steadystakes Account has access on the Platform;
- impose or vary any limit applicable to the products and services made available through a Steadystakes Account;
- impose, vary or remove any conditions relating to the use of a Steadystakes Account and/or any products or services made available through the use of a Steadystakes Account.
As part of our ongoing regulatory requirements, we will monitor your Steadystakes Account and your use of the Platform. At any time, we may require you to provide us with additional personal information as a condition of your continued access to, and use of, your Steadystakes Account. Until such information is provided to the satisfaction of Steadystakes, your use of your Steadystakes Account may be restricted or blocked.
USE OF THE SITE
All or any portion of the Site may not be available and may not function properly at any time, including during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time and may also lead to support response time delays. Steadystakes shall not be liable for any losses resulting from or arising out of transaction delays.
We make reasonable efforts and employ appropriate safeguards to avoid technological problems, but at any time, the Site may have and may cause technological problems such as viruses and other damaging computer programming routines or engines. Steadystakes is not liable for any technological problems and any impact they may have.
We are not liable for any damage or injury caused by the performance or failure of performance of all or any portion of the Site.
We are not liable for any defects, delays, or errors in or resulting from your use of the Site.
We are not responsible for information on any third-party website that is referenced in, or accessible or connected by hyperlink to, the Site.
If you access any third-party website through the Site or otherwise, you do so at your own risk. Hyperlinks to or from the Site do not constitute third-party endorsement of, sponsorship by, or affiliation with us.
Steadystakes has the right, but not the obligation, to monitor and record activity on the Site and respond to and take such action as it deems appropriate. Without limitation, we may, at any time for any reason, without notice or liability to you:
- We may monitor and record activity on the Site for any reason or for no reason;
- We may report any activity we suspect may violate any law or regulation to regulators, law enforcement officials, or other persons or entities we deem appropriate;
- We may issue warnings, suspend, or terminate use of the Site, deny access to all or part of the Site or take any other action we deem appropriate;
- We may edit, remove or restrict any content provided by you to the Platform at any time without notice or providing a reason to you. There are various risks you assume in relying on the Content. Without limitation:
- The Content speaks only as of the date indicated, if any.
- We make reasonable efforts to provide accurate Content, but at times we may not promptly update or correct the Site even if we are aware it is inaccurate, outdated, or otherwise inappropriate.
- We may change all or any portion of the Site at any time without notice to you.
- We do not endorse the opinions of or warrant the accuracy of facts or other Content contributed by any third party.
- You will not transmit to Steadystakes or upload or make available on the Platform anything which is:
- commercial or promotional in nature;
- unlawful or deceptive or otherwise violates the legal privacy of others;
- apable of giving rise to any legal action against you or Steadystakes or its affiliates;
- in breach of or likely to infringe the intellectual property rights of any person; or
- which contains any harmful content, including viruses, malware, or any program, code or technology designed to disrupt, intercept, impair or affect the functionality of the Site.
You may not violate, interfere with, impair or circumvent the operation, security or privacy of the Site or the products and services available via the Platform, including carrying out, or attempting to carry out spamming, denial of service attacks or similar activities.
STEADYSTAKES ACCOUNT SECURITY
If Steadystakes provides you with a password, you must keep your password and certain content confidential. You are solely responsible for maintaining the confidentiality and security of your password. You accept full responsibility for any use of your password. You must notify Steadystakes immediately of any actual or suspected loss, theft, or unauthorized use of your password.You agree to notify us immediately in the event that you learn or suspect that the security of your Steadystakes Account password may have been compromised.
You further agree that you are responsible for any unauthorized use of your password that occurs before you have notified us and we have had a reasonable opportunity to act on that notice. We reserve the right to suspend or cancel your password, even without receiving such notice from you, if we suspect that it is being used in an unauthorized or fraudulent manner.
Notwithstanding the above, you are responsible for monitoring your account and should promptly report any unauthorized or suspicious activity in your account to us at legal@Steadystakes.io.
We take reasonable security precautions when using the Internet, telephone, or other means to transport data or other communications, but we disclaim liability for any interception of data or communications.
You may not disclose any Content that is contained within the password-protected portion of the Site to any third party, except to your professional advisors, and others with whom you share trading or investment decisions.
All right, title and interest in and to the Site and the Content and any and all intellectual property contained therein is owned by and will remain the exclusive property of Steadystakes and its affiliates.
- sell, copy, modify, correct, enhance, create derivative works from, publish, broadcast, retransmit, reproduce, repackage, frame, store, distribute or exploit any Content or any portion of the Site;
- decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of the Site
- remove any copyright, trademark, or other proprietary notice or legend contained on (or printed from) the Site. You may print copies of any accessible portion of the Site only for your own personal use. You may discuss information you learn from the Site with your financial, legal or tax advisors, and others with whom you share trading or investment decisions.
SUPPORTED DIGITAL ASSETS
A list of digital assets that Steadystakes supports on the Platform is available on the website. Steadystakes may discontinue or suspend support for any digital asset at any time and for any reason in our sole discretion, including due to changes in a given digital assets characteristics or due to compliance with laws or regulations. Under no circumstances should you attempt to use your Steadystakes Account to transfer or store digital assets in any form that is not supported by Steadystakes. Steadystakes assumes no responsibility or liability in connection with any attempt to use Steadystakes Account for digital assets that Steadystakes does not support.
DIGITAL ASSET TRANSACTIONS
Upon being granted access to such services via your Steadystakes Account, you will have the ability to transfer, track and store supported digital assets by giving instructions through the Platform (each such transaction, a “Digital Asset Transaction“) in connection with your Steadystakes Account).
Steadystakes reserves the right to refuse to process or to cancel any pending Digital Asset Transaction in its discretion, which may be due to compliance with laws and regulations or in response to a court order, subpoena, other government order or to enforce transaction limits or for risk management purposes.
Steadystakes cannot reverse a Digital Asset Transaction which has been broadcast to a digital asset network.
You assume full responsibility and liability for any loss resulting from intentional or unintentional misuse of your Steadystakes Account, including, without limitation, any loss resulting from (i) depositing one type of digital asset to a wallet intended for another type of digital asset, regardless of whether the relevant digital asset network confirms the applicable Digital Asset Transaction; (ii) depositing a digital asset into an address that you did not intend; (iii) inserting incorrect transaction information into the Platform. Steadystakes assumes no responsibility or liability in connection with any of the foregoing.
YOUR STEADYSTAKES ACCOUNT AND ANY OTHER ACCOUNT YOU MAY HAVE WITH US (AND ANY DIGITAL ASSETS HELD IN SUCH ACCOUNT) IS NOT A BANK ACCOUNT OR A DEPOSIT ACCOUNT. NO INTEREST WILL BE PAID ON ANY DIGITAL ASSETS YOU USE TO PURCHASE OR TRADE FOR ANY OTHER DIGITAL ASSET WITH OTHER USERS, AND ALL DIGITAL ASSETS DIRECTLY HELD BY US ARE NOT INSURED BY US OR ANY GOVERNMENT AGENCY. PLEASE NOTE, THE ACCOUNT IS NOT FDIC OR SIPC INSURED. YOU ARE POTENTIALLY SUBJECT TO THE CREDIT RISK OF STEADYSTAKES.
For any supported digital asset on our Platform, Steadystakes processes Digital Asset Transactions according to the instructions received from its users and we do not guarantee the identity of any receiver of digital assets. You should verify all transaction information prior to submitting instructions to Steadystakes. We recommend transferring small amounts from one account to another to confirm that you have the correct address. A Digital Asset Transaction will be unconfirmed for a period of time pending sufficient confirmation of the transaction by the digital asset network. A Digital Asset Transaction is not complete while it is in a pending state. Digital assets associated with transactions that are in a pending state will be designated accordingly, and will not be included in your Steadystakes Account balance or be available to conduct transactions. Steadystakes may charge fees to process a Digital Asset Transaction on your behalf. You acknowledge that you will be responsible for paying any such fees out of your available proceeds. Steadystakes reserves the right to delay or cancel any Digital Asset Transaction if it perceives a risk of fraud or illegal activity, or otherwise within its discretion if we determine it is important for risk management.
Steadystakes does not have any ability to prevent or mitigate attacks on any digital assets or their underlying protocols and networks. Steadystakes reserves the right to take any actions in the event of an attack, as determined in its sole discretion, including but not limited to: (i) if StableHouse reasonably believes that a digital asset that it supports has been or may be compromised, or is or will be under attack, Steadystakes may immediately halt trading, deposits, and withdrawals for such digital asset; and (ii) if it is determined that such an attack caused the digital asset to greatly decrease in value, Steadystakes may discontinue trade activity on such digital asset partially or entirely. Steadystakes does not have any obligation to engage in any activities in relation to attacks on any digital assets or their underlying protocols and networks. Resolutions for an attacked digital asset will be determined on a case-by-case basis by Steadystakes in its sole discretion.
WE ARE NOT RESPONSIBLE FOR ANY DISPUTES AMONG OR BETWEEN USERS REGARDING ANY DIGITAL ASSET TRANSACTION. WE DO NOT GUARANTEE THAT ANY ORDER YOU PLACE WILL BE EXECUTED. YOU HEREBY ACKNOWLEDGE AND AGREE THAT ONCE AN ORDER HAS BEEN EXECUTED, THE TRANSACTION IS LIKELY NOT TO BE REVERSIBLE. Steadystakes securely stores all digital asset private keys in our control in a combination of online and offline storage. As a result, it may be necessary for Steadystakes to retrieve certain information from offline storage in order to facilitate a Digital Asset Transaction in accordance with your instructions, which may delay the initiation or crediting of such Digital Asset Transaction for a period of time, which period of time may be significant. You acknowledge and agree that a Digital Asset Transaction facilitated by Steadystakes may be delayed for this reason.
You understand, acknowledge and agree that in the event that a third-party or software protocol attempts to or does distribute a digital asset, whether or not supported by Steadystakes (often known as an “airdrop” or “bootstrap”) to certain wallet addresses, we will treat such airdropped digital asset as we would treat any other unsupported digital asset. You agree and understand that airdropped digital assets do not create a relationship between us and the transferor, sender and/or the related network that created the airdropped digital asset, and further, that we are not subject to any obligation as it may relate to the transferor, sender or related network.
EXCLUSION OF SUPPLEMENTAL PROTOCOLS
OPERATION OF DIGITAL ASSETS PROTOCOLS
Steadystakes does not own or control any underlying software protocols which govern the operation of digital assets supported on the Platform. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. By using the Platform, you acknowledge and agree
- Steadystakes is not responsible for operation of the underlying protocols and that Steadystakes makes no guarantee of their functionality, security, or availability; and
- that the underlying protocols are subject to sudden changes in operating rules (“forks”), and that such forks may materially affect the value, function, and/or even the name of the digital asset stored on the Platform. In the event of a fork, you agree that Steadystakes may suspend Steadystakes operations (with or without advance notice to you) and that Steadystakes may, in its sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. You acknowledge and agree that Steadystakes assumes no responsibility in respect of an unsupported branch of a forked protocol.
OWNERSHIP AND CONTROL OF DIGITAL ASSETS
Title to each digital asset in your Steadystakes Account transfers to Steadystakes upon placing your digital assets on the Platform. Steadystakes shall have no liability for fluctuations in digital assets. Steadystakes may pool digital assets placed by you on the Platform with other digital assets while they are on the Platform
By using Steadystakes’s services and platforms, you hereby grant Steadystakes the right to pledge, repledge, to sell, transfer, loan, hypothecate, or otherwise alienate digital assets and credit or debit your Steadystakes Account accordingly without prior notice to you and that by placing your digital assets with Steadystakes you are subject to the credit risk of Steadystakes. You further acknowledge and agree that you will not be entitled to any profits or proceeds earned by Steadystakes from the use of digital assets on the Platform. Notwithstanding the foregoing, you acknowledge and agree that in the event that there are outstanding amounts owed to us hereunder, including in your Steadystakes Account, Steadystakes reserves the right to debit your Steadystakes Account and/or to withhold amounts from funds you may transfer into such Steadystakes ccount.
Digital assets held in your Steadystakes Account are protected by private keys owned by Steadystakes. You may withdraw an equivalent amount of digital assets to those shown in your StableHouse account at any time to separate blockchain wallets which you control or other third party custodial services in your name.
You accept and understand that digital assets in your Steadystakes account do not qualify for insurance and/or protection by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.
You acknowledge and agree that the Site may be subject to scheduled and unscheduled maintenance. You agree and understand that part of or all of Steadystakes may be periodically unavailable during such times (collectively, "Downtime"). You acknowledge and agree that Steadystakes is not responsible or liable during periods of Downtime. During such periods of Downtime, the prices of various digital assets may move, which means that you may gain or lose value in your Steadystakes Account. Steadystakes is not responsible for those gains or losses resulting from the Downtime.
Steadystakes may earn fees when you purchase or sell digital assets on our platform. These fees are subject to change at any time. You agree to pay all applicable fees when you are using the Platform.
NO SOLICITATION OR ADVICE
Nothing on the Site is an offer or solicitation to buy or sell any commodity, security, or other financial asset. Steadystakes is not providing any fiduciary, advisory, exchange or other similar services to, and does not act as agent or intermediary for, you, any person or entity related to you or affiliated with you (including without limitation any of your customers or clients).
Although the Site may include trading-related information, nothing on the Site is a recommendation that you purchase, sell, or hold any commodity or other instrument, or that you pursue any trading style or strategy.
We do not give any advice or make any representations through the Site as to whether any commodity, security, investment, or financial asset is suitable to you or will be profitable.
Nothing on the Site is intended to be, and you should not consider anything on the Site to be, trading, investment, accounting, tax, legal, or professional advice of any kind.
You agree that we are not liable for any action you take or decision you make in reliance on any Content.
If you would like professional advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs.
THE PAST PERFORMANCE OF ANY COMMODITY, SECURITY, INVESTMENT, STRATEGY, OR STYLE IS NOT INDICATIVE OF NOR A GUARANTEE OF FUTURE PERFORMANCE.
CERTAIN RISKS IN USING THE PLATFORM
Below is a non-exhaustive list of risks that you assume by using the Site and the Platform. We are an enterprise with little or no operating history. There can be no assurance that the Steadystakes will achieve its objective or that the products and services described on the Site will be successful.
The market value of digital assets may change. Adverse market movements could lead to meaningful capital loss for you at the point of withdrawal. We provide no guarantee as to the underlying value of the digital assets traded on the Platform, the value of such assets may increase or decrease.
While the Platform has all appropriate security measures in place to prevent the same, a situation could arise whereby a criminal hacks the Platform in order to steal digital assets or cause destruction resulting in the loss of digital assets. We provide no guarantee as to the security of the Platform. In addition, transactions in digital assets may be irreversible and losses due to accidental or fraudulent transactions may not be recoverable.
We must comply with various legal requirements, including without limitation the Companies Act 1981 and the Digital Asset Business Act 2018 (each, as amended from time to time). Should any of those laws change, the legal requirements to which Steadystakes and you may be subject could differ materially from current requirements.
General economic and business conditions may affect the activities of Steadystakes impair its ability to carry out its business and could cause it to incur losses.
Neither Steadystakes and its affiliates, nor their directors, officers, employees or agents will be liable to you for any indirect, consequential, exemplary, punitive or special damages or lost profits, even if we have been advised of the possibility of any such damages or loss of profits.
Steadystakes disclaims, to the fullest extent permitted by law, all representations and warranties, express or implied, of any kind with respect to the Site, the Platform or the products and services offered by Steadystakes WITHOUT LIMITING OUR GENERAL DISCLAIMER, WE DO NOT WARRANT THE AVAILABILITY, ACCURACY, COMPLETENESS, TIMELINESS, FUNCTIONALITY, RELIABILITY, SEQUENCING, SUITABILITY, OR SPEED OF DELIVERY OF THE SITE OR ANY PART OF THE CONTENT. THIS DISCLAIMER OF LIABILITY APPLIES TO ANY AND ALL DAMAGES OR INJURY, INCLUDING THOSE CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF OR USE OF ANY ASSET, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE, OR ANY OTHER CAUSE OF ACTION.
You agree to indemnify, defend, and hold harmless Steadystakes and its affiliates their respective directors, members, officers, employees or agents) to the fullest extent permitted by applicable law, against any loss, liability, action, costs, claims, damages, penalties, interest, proceedings or expenses that you may suffer, directly or indirectly, in connection with:
• your use of the Site,
• your violation of any applicable law, statute, ordinance, regulation, or of any third-party’s rights, or
You hereby waive any and all claims that you may have against Steadystakes arising therefrom (including, in respect of any claim for direct, indirect, consequential or pecuniary damages) except for any claims arising as a result of the gross negligence, wilful misconduct, fraud or dishonesty on the part of Steadystakes
GOVERNING LAW AND DISPUTES
We shall not be responsible for any losses, costs or damages suffered by you resulting directly or indirectly from war, riot, revolution, terrorism, pandemic, governmental actions or causes beyond our reasonable control or apprehension.