Terms of Service
Last updated: 20.09.2021
IMPORTANT! PLEASE READ THESE TERMS CAREFULLY BEFORE USING JPOOL.ONE (THE “SERVICE”) OPERATED BY mFactory GmbH (“US”, “WE”, OR “OUR”). IF THERE IS ANYTHING THAT YOU DO NOT UNDERSTAND, PLEASE CONTACT US. IF THERE IS ANYTHING IN THESE CONDITIONS WITH WHICH YOU DO NOT AGREE, PLEASE DO NOT USE OUR SERVICES. YOU SHOULD BE AWARE OF THE RISK OF LOSS OF VIRTUAL ASSETS. THE VALUE OF VIRTUAL ASSETS CAN GO UP OR DOWN, WHICH CREATES A SIGNIFICANT RISK OF FINANCIAL LOSS DUE TO HOLDING OF VIRTUAL ASSETS.
Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
You are eligible to use the Services if you comply with all of the criteria listed below:
- 1.you have the capacity to enter into these Terms of Service;
- 2.if you are legally representing another person or entity: you are authorized to enter into a contractual relationship with us based on these Terms on behalf of the person or entity you are representing;
- 3.if you are a natural person: you are of the age of full legal capacity and reside in a country in which our Services are legally accessible;
- 4.if you represent a legal person: the legal person in question is duly established and operates in a country in which our Services are legally accessible;
- 5.you do not use and/or intend to use the Service for any purposes that are unlawful or malicious, and/or for any actions which could in any way harm the functionality of the Service;
- 6.you comply with these Terms as well as any supplemental agreements, as well as any and all applicable laws and regulations.
The term “staking” refers to depositing digital assets in one or several nodes of a blockchain network, which enables such nodes to participate in the functioning of said network. Users who “stake” their assets receive rewards from the network during the period in which their assets are staked in the described fashion.
The Service facilitates staking SOL cryptocurrency to validators of the Solana network. A smart strategy is used aiming to maximize both the user’s rewards and the network’s performance.
As a confirmation of the user’s ownership of their stake, they receive jSOL tokens which can be used in various DeFi (decentralized finance) activities and, ultimately, to withdraw the deposited stake.
The Service does not store your digital assets nor your keys, and does not in any way provide a custodian service.
By using this service, you acknowledge that the Service can neither guarantee nor influence the rewards issued by the Solana network, as well as the future price of your digital assets. We do not accept any responsibility for the dynamics of SOL price, delegation and/or validation rewards, and the future of cryptocurrency in general. Please smile if you are still reading.
We do not accept any responsibility for the legality of the user’s actions, their obligations of reporting and/or payments to any legal, fiscal, or other authorities.
We also do not accept any responsibility for any losses and/or damages whatsoever including, without limitation, direct, indirect, special or consequential loss or damage and/or loss of profits, business revenue, goodwill or anticipated savings arising out of access to or use of or reliance on any information posted on the Service’s web site or any hypertext or hyperlink to a web site or any information contained on or accessed through such web site.
We may terminate or suspend access to our Service immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.
All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
Our Service may contain links to third-party web sites or services that are not owned or controlled by mFactory GmbH.
mFactory GmbH has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third party web sites or services. You further acknowledge and agree that mFactory GmbH shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.
We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will try to provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.