Last revised: 13 February 2023
By creating a Digital Tokens Wallet on the Platform or by using any of the Services, you acknowledge that you have read, understand, and completely agree to these Terms of Service, as updated and amended from time to time. If you do not agree to be bound by these Terms of Service or with any subsequent amendments, changes, or updates, you may not use any of the Services, and if you do use any of the Services you will be bound by the Terms of Service, as amended; your only recourse in the case of your unwillingness to be bound by these Terms of Service is to stop using all of the Services.
These Terms of Service may be amended, changed, or updated by StackOfStake at any time and without prior notice to you. You should check back often on the Platform to confirm that your copy and understanding of these Terms of Service is current and correct. Your non-termination or continued use of any Services after the effective date of any amendments, changes, or updates constitutes your acceptance of these Terms of Service, as modified by such amendments, changes, or updates.
If you comply with these Terms of Service, StackOfStake grants you the limited right to use the Platform and the Services. The right to use the Platform and the Services is a personal, restricted, non-exclusive, non-transferable, non-sublicensable, revocable, limited licence, and it is subject to the limitations and obligations in these Terms of Service. Nothing in these Terms of Service gives you any right, title, or ownership of, in, or to the Platform, any of the Services, or the StackOfStake Marks. The Platform may suspend or terminate the Services to you, your Digital Tokens Wallet, or to any of your Digital Tokens Address at its sole discretion, as where StackOfStake determines that you have violated, breached, or acted inconsistent with any of these Terms of Service.
All text, graphics, user interfaces, visual interfaces, photographs, sounds, artwork, computer code (including html code), programs, software, products, information, and documentation as well as the design, structure, selection, coordination, expression, "look and feel" and arrangement of any content contained on or available through the Services are exclusively owned, controlled, and/or licensed by StackOfStake.
StackOfStake is an online Staking and exchanging Service with a goal to allow you to invest in Digital Tokens and receive passive income from these investments.
You have the right to employ to the following Services:
Digital Tokens available on StackOfStake were added according to the users' requests. StackOfStake is not affiliated with the Digital Tokens offered for Staking and exchanging and does not bear any responsibility for the actions of ICO organizers, Digital Tokens developers and entrepreneurs and other representatives of the Digital Tokens community.
Investing in and exchanging of Digital Tokens entails certain risks. Risks include, but are not limited to, the following:
The market for Digital Tokens is still new and uncertain. No-one should have funds Invested in Digital Tokens he/she is not prepared to lose entirely. Whether the market for one or more Digital Tokens will move up or down, or whether a particular Digital Token will lose all or substantially all of its value, is unknown. Participants should be cautious about holding Digital Tokens.
Markets for Digital Tokens have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or exchange Digital Tokens or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish.
The legal status of certain Digital Tokens may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Tokens constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how Digital Tokens will be addressed, regulated, and taxed under applicable law.
Having Digital Tokens on deposit at StackOfStake has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss.
Unlike bank accounts or accounts at some other financial institutions, Digital Tokens at StackOfStake are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by StackOfStake, to offer recourse to you.
Hackers or other malicious groups or organizations may attempt to interfere with Services in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing, which could negatively affect Services.
For the purpose of registration, which is conducted at stackofstake.com/signup, you must enter current e-mail and password. Registration is complete once you visit the activation link, provided in e-mail notification. You set your own password at registration and are solely responsible for the safety of the password and all account information.
Deposit time depends from the number of confirmations set for particular Digital Token. Coins will show up at your Digital Token Wallet in “pending” status after 1 network confirmation.
Irrespective of the nature and form of any withdrawal request, whether initiated by you or otherwise, StackOfStake reserves the right to process and send withdrawals using any one or more Digital Tokens.
You are able to withdraw your Digital Tokens at any time, however, StackOfStake reserves the right to process the withdrawal without any time limit. This is due to technical and security reasons, as we may need to dissolve running masternodes or transfer Digital Tokens from the cold to the hot storage or perform other action that needs time to be done.
The majority of deposits and withdrawals are fee-free. However, the network fee for withdrawal should be paid by you. Because of the technological necessity, some Digital Tokens deposits and/or withdrawals require deposit and/or withdrawal fees to be paid. These fees are specified at kb.stackofstake.com/fees .
Sometimes wrong deposits transfers of Digital Tokens to Digital Token Wallet intended for accepting and storing other Digital Tokens occur. You should be aware that StackOfStake does not restore and return wrong deposited Digital Tokens.
Each reward is distributed instantly after Staking block reward accrual by the Platform staking node. Reward are distributed according to the following formula:
Reward = Staking block reward x (1- Fee) x User balance / Total pool balance
Reward - Actual payment to the user in Digital Tokens;
Staking block reward - Payment from the network for Staking;
Fee - Our fee for the services provided (see paragraph 5.5);
User balance – balance at user’s Digital Token Wallet;
Total pool balance – total Digital Token balance of all StackOfStake users.
StackOfStake is not liable for any changes of the Digital Tokens prices. Daily yield is calculated based on actual Rewards for the last 24 hours. APR is projected by the proprietary algorithms.
StackOfStake can't guarantee the APR of any coin to be of constant value. Also, we don’t guarantee the absolute accuracy of all projected data.
StackOfStake can’t guarantee 100% uptime of all Staking servers. If the Staking server or Digital Token Wallet of curtain Digital Token is offline, it can be considered as Digital Tokens maintenance process (see paragraph 5.6).
After submitting the order of exchange Digital Tokens, the operation will be performed instantly and your Digital Tokens will be reflected on the Digital Token Wallet. Once the order completed, you may not change, withdraw, or cancel your authorization for StackOfStake to complete such order.
By submitting an order, you provide authorization for StackOfStake to execute the requested transaction on your behalf. StackOfStake will attempt to execute the trade at, or close to, the market exchange rate defined within the Services. You agree and accept that exchange rates can be volatile, and that the rates listed within our Services may differ from those available to external sources outside of our own Services. During bouts of illiquidity, excess volume, fast movement or other volatility within the marketplace for Digital Tokens, the final rate at which trades are executed may differ from the prevailing rate previously indicated. Once order has been submitted, it can’t be cancelled.
Any Digital Tokens sold or bought via Express Trade receive 72 hours lock period. These Digital Tokens will be shown as “Locked” at user’s dashboard. These Digital Token are eligible to receive Rewards. This lock protects StackOfStake from various factors like user abuses and exchange rate manipulation.
You agree to pay StackOfStake the fees set forth at kb.stackofstake.com/fees/ which may be updated from time to time in StackOfStake’s sole discretion. Any such updated fees will apply prospectively to any dividends or other transactions that take place following the effective date of such updated fees.
The fee is deducted from each Reward payout amount before the payment to you is done.
You provide authorization for us, or for our chosen payment processor, to deduct or charge any applicable fees related to exchange activities completed via the Services against your StackOfStake Digital Token Wallet.
Digital Tokens may be placed under ‘maintenance’ conditions at any time without notice. During Digital Token maintenance, the affected Digital Token cannot be withdrawn or deposited. Rewards of the affected Digital Token may not be generated, depending of the maintenance reason and period.
We may place Coins under maintenance for a variety of reasons, including but not limited to:
As Digital Token maintenance is a standard risk, we do not accept any direct or indirect liability for losses or damages caused by Digital Token being placed under maintenance.
There are the number of cases when StackOfStake decide to remove a curtain Digital Token from Platform. Prior to the removal, a period determined by Platform is set during which users can withdraw their assets.
StackOfStake is not liable to any users’ losses sustained in case of circumstances under which a user for any reason is late to withdraw the funds before the deadline or fails to withdraw the funds due to events outside of StackOfStake’s control (such as broken blockchain, unavailable nodes, etc.).
You may not:
Any use as described in this paragraph shall constitute a "Prohibited Use". If StackOfStake determines that you have engaged in any Prohibited Use, StackOfStake may address such Prohibited Use through an appropriate sanction, in its sole and absolute discretion. Such sanction may include suspending or terminating your access to any Services or, funds, property, or Digital Tokens from any Digital Tokens Address.
You represent and warrant to StackOfStake as follows:
StackOfStake reserves the right to refuse registration to, to bar transactions from or to, or to suspend or terminate the administration of Services, Digital Tokens Address, or Digital Tokens Wallet for or with, any user for any reason (or for no reason) at any time, including but not limited to the provisions of paragraphs 8 and 9, subject to any limitations imposed by applicable Laws. In lieu of refusing registration or ongoing administration of your Digital Tokens Wallet, StackOfStake may perform enhanced due diligence procedures. At all times, you may be subject to enhanced due diligence procedures in your use of the Platform and any Service. If you decline to provide requested due diligence information or otherwise do not reply timely or substantively with the documentation or data requested, the Platform has the absolute discretion to suspend or terminate Services to you immediately.
StackOfStake makes no representations, warranties, or guarantees to you of any kind. The Platform and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. Without limiting the foregoing, StackOfStake does not represent or warrant that the Platform, the Services or StackOfStake materials are accurate, complete, reliable, current, error-free, or free of viruses or other harmful components.
Except as may be provided for in these Terms of Service, StackOfStake assumes no liability or responsibility for and shall have no liability or responsibility for Losses directly or indirectly arising out of or related to:
You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, violation of law or regulation, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.
In case of any of the following events, StackOfStake shall have the right to directly terminate this agreement by cancelling your Account, and shall have the right to permanently freeze (cancel) the authorizations of your account on StackOfStake and withdraw the corresponding StackOfStake Account thereof:
Should your Account be terminated, the Account and transactional information required for meeting data retention standards will be securely stored for 5 years. In addition, if a transaction is unfinished during the Account termination process, StackOfStake shall have the right to notify your counterparty of the situation at that time. You acknowledge that a user-initiated account exit (right to erasure under GDPR or other equivalent regulations) will also be subjected to the termination protocol stated above.
If StackOfStake receives notice that any funds held in your Account are alleged to have been stolen or otherwise are not lawfully possessed by you, StackOfStake may, but has no obligation to, place an administrative hold on the affected funds and your Account. If StackOfStake does place an administrative hold on some or all of your funds or Account, StackOfStake may continue such hold until such time as the dispute has been resolved and evidence of the resolution acceptable to StackOfStake has been provided to StackOfStake in a form acceptable to StackOfStake. StackOfStake will not involve itself in any such dispute or the resolution of the dispute. You agree that StackOfStake will have no liability or responsibility for any such hold, or for your inability to withdraw funds or execute trades during the period of any such hold.
When an account has been suspended, any remaining Digital Token Wallet balance on the account — including liabilities or charges owned to StackOfStake — become the property of StackOfStake. If StackOfStake are holding funds in your Account on behalf of you, we may remit and report such Funds in accordance with relevant state laws on unclaimed property. We maintain full custody of all funds and associated user information and data, which we have permission to turn over to the relevant authorities in the event of your account being suspended or closed due to fraud investigation, AML investigation, or your violation of Terms of Service.
Except as set forth in subsection (b) below, once the Account is closed/withdrawn, all remaining Digital Token Wallet balance (which includes charges and liabilities owed to StackOfStake) on the account will be payable immediately to StackOfStake. Upon payment of all outstanding charges to StackOfStake (if any), the User will have 5 business days to withdraw all funds from the Account.
StackOfStake maintains full custody of the funds and User data/information in the event of Account suspension/closure arising from fraud investigations or violation of these Terms.
StackOfStake is not your intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any investment decisions or activities effected by you using the Services. No communication or information provided to you by StackOfStake is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You should consult your legal or tax professional regarding your specific situation. StackOfStake does not recommend that any Digital Tokens should be earned, bought, sold, or held by you. Before making the decision to buy, sell or hold any Digital Tokens, you should conduct your own due diligence and consult your financial advisors before making any investment decision. StackOfStake will not be held responsible for the decisions you make to buy, sell, or hold Digital Tokens based on the information provided by StackOfStake.