Bitrue Terms of Use

AMENDED ON June 1, 2023

This agreement is made by and between you and the operator of Bitrue and has the legal effect of a legal contract. The operator of Bitrue means the legal entity that, recognized by law, operates the networking platform. The operator of Bitrue may be referred to, individually or collectively, as “Bitrue Limited” in this agreement. “Bitrue” means the networking platform operated by Bitrue, including but not limited to the Bitrue website, with the domain name of Bitrue.com, https://www.bitrue.com/, which is encrypted.

Although Bitrue has been committed to maintaining the accuracy of the information provided through Bitrue Services, Bitrue cannot and does not guarantee its accuracy, applicability, reliability, integrity, performance, or appropriateness, nor shall Bitrue be liable for any loss or damage that may be caused directly or indirectly by your use of these contents.

1. Agreement and Execution

The content of this agreement includes the main body of this agreement and various rules that have been posted or may be posted from time to time by Bitrue. All of the rules shall be an integral part of this agreement and shall have the same legal effect as the main body of this agreement. Unless otherwise expressly provided, any service provided by Bitrue and its affiliates (hereinafter referred to as “Bitrue Service”) shall be bound by this agreement. In case of any inconsistency between the relevant terms of service agreement of the specific Bitrue Services and the contents of this agreement, the respective applicable terms of such specific Bitrue Service shall prevail. You shall carefully read through this agreement before using any Bitrue Service, and pay close attention to the content written in bold font. You may consult Bitrue if you have any questions with regard to this agreement. However, regardless of whether you have carefully read through this agreement before using Bitrue Service, you shall be bound by this agreement as long as you use Bitrue Service. You shall not claim to void or rescind this agreement on the ground that you did not read this agreement or you did not receive any response from Bitrue to your consultation. You hereby promise to accept and observe this agreement. If you do not agree to this agreement, you shall immediately stop registration/activation or stop using Bitrue Service. Bitrue may make or amend this agreement and various rules from time to time as needed without any individual notice to you. The amended agreement and rules shall come into effect immediately and automatically upon being announced on the website. If you do not agree to the relevant amendment, you shall immediately stop using Bitrue Service. If you continue using Bitrue Service, you shall be deemed as having accepted the amended agreement and rules. Bitrue reserves interpretation rights to all of the terms hereof.

2. Registration and Account

1) Eligibility of Registrants

You hereby confirm that you are an individual, legal person or other organization with full capacity for civil rights and civil conduct when you complete the registration or actually use Bitrue Service in any other way allowed by Bitrue. If you do not have the said capacity, you and your guardian shall undertake all the consequences resulting therefrom, and Bitrue shall have the right to cancel or permanently freeze your account, and claims against you and your guardian for compensation. With no prejudice, Bitrue may refuse, at its discretion, to open an account for you.

2) Registration and Account

You shall be bound by this agreement once you have filled in information, read and agreed to this agreement, and completed the registration process following the instructions on the registration page or you have filled in information, read and agreed to this agreement and completed the activation process following the instructions on the activation page, or upon your actual use of Bitrue Service in a way permitted by Bitrue. You may log in to Bitrue by your email address or mobile number that you have provided or confirmed or by any other means permitted by Bitrue. You must provide your real name, ID type, ID number, and other information required by the laws and regulations. If any information you have provided during the registration is inaccurate, Bitrue will not take any responsibility and any loss, direct or indirect, and adverse consequence resulting therefrom will be borne by you. Bitrue accounts can only be used by the person whose name they are registered under. Bitrue reserves the right to suspend, freeze, or cancel accounts that are used by persons other than the persons whose names the accounts are registered under. Bitrue will also not take legal responsibility for these accounts. Considering the platform risks, maintenance expenses, and other internal control reasons, Bitrue has the right to cancel or permanently freeze the registered accounts with no transaction for a certain period.

3. User Information

During the registration or activation, you shall accurately provide and timely update your information by following the instructions on the relevant page according to the laws and regulations in order to make it truthful, timely, complete, and accurate. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated, or incomplete, Bitrue shall have the right to send you a notice to make inquiry and demand corrections, remove relevant information directly and, as the case may be, terminate all or part of Bitrue Service to you. Bitrue will not take any responsibility and any loss, direct or indirect, and adverse consequence resulting therefrom will be borne by you. You shall accurately fill in and timely update your email address, telephone number, contact address, postal code, and other contact information so that Bitrue or any other user will be able to effectively contact you. You shall be solely and fully responsible for any loss or extra expenses incurred during your use of Bitrue Service if you cannot be contacted through this contact information. You hereby acknowledge and agree that you have the obligation to keep your contact information effective and to take action as required by Bitrue if there is any change or update.

4. Account Security

You shall be solely responsible for the safe keeping of your Bitrue account and password on your own, and you shall be responsible for all activities under your log-in email, Bitrue account, and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement or online purchase of services, etc.). You hereby agree that: a) you will notify Bitrue immediately if you are aware of any unauthorized use of your Bitrue account and password by any person or any other violations of the security rules; b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website/service; and c) you will log out the website by taking proper steps at the end of every visit. Bitrue shall not and will not be responsible for any loss caused by your failure to comply with this provision. You understand that Bitrue needs reasonable time to take action upon your request, and Bitrue will not undertake any responsibility for the consequences (including but not limited to any of your loss) that have occurred prior to such actions.

5. Bitrue Service

Through Bitrue Service and other services provided by Bitrue and its affiliates, members may post deal information, access the pricing and dealing information of a deal and carry out the deal, participate in activities organized by Bitrue and enjoy other information services and technical services. If you have any dispute with other members arising from any transaction on Bitrue, once such dispute is submitted by one or both of you and the other member to Bitrue for dispute resolution, Bitrue shall have the right to make a decision at its sole discretion. You hereby acknowledge and accept the discretion and decision of Bitrue. You acknowledge and agree that Bitrue may, on requests from governmental authorities (including judicial and administrative departments), provide user information provided by you to Bitrue, transaction records, and any other necessary information. If you allegedly infringe upon any other’s intellectual rights or other legitimate interests, Bitrue may provide the necessary ID information of you to the interest holder if Bitrue preliminarily decides that the infringement exists. All the applicable taxes and all the expenses in relation to hardware, software, service and etc. arising during your use of the Bitrue Service shall be solely borne by you. By using this service you accept that all trade executions are final and irreversible. By using this service you accept that Bitrue reserves the right to liquidate any trades at any time regardless of the profit or loss position.

6. Prohibition of Use 

By accessing and using Bitrue services, you represent and warrant that you have not been included
in any trade embargoes or economic sanctions list. Bitrue reserves the right to choose markets and
jurisdictions to conduct business and offer services and may restrict to refuse, at its discretion, the
provision of Bitrue services in certain countries or regions. Bitrue does not provide services to
users in particular regions: the United States, North Korea, Iran, China Mainland, Hong Kong
Special Administrative Region, Japan, Korea, Ontario (Canada). Additionally, Bitrue does not
offer services in certain countries or regions restricted by the U.S. Department of Treasury's Office
of Foreign Assets Control (“OFAC”). The users from OFAC-sanctioned countries or regions are
forbidden to use Bitrue services, Iran, North Korea Sanctions, Ukraine, Russia, Cuba, Syria, etc.

7. User’s Guide of Bitrue Service

You hereby promise to observe the following covenants during your use of Bitrue Service on Bitrue: All the activities that you carry out during the use of Bitrue Service will be in compliance with the requirements of laws, regulations, regulatory documents, and various rules of Bitrue, will not be in violation of public interests, public ethics or other’s legitimate interests, will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules. If you violate the foregoing promises and thereby cause any legal consequence, you shall independently undertake all of the legal liabilities in your own name and hold Bitrue harmless from any loss resulting from such violation. During any transaction with other members, you will be in good faith, will not take any acts of unfair competition, will not disturb the normal order of online transactions, and will not engage in any acts unrelated to online transactions. You will not use any data on Bitrue for commercial purposes, including but not limited to using any data displayed on Bitrue through copy, dissemination, or any other means without the prior written consent of Bitrue. You will not use any device, software, or subroutine to intervene or attempt to intervene in the normal operation of Bitrue or any ongoing transaction or activities on Bitrue. You will not adopt any action that will induce an unreasonable size of data loading on the network equipment of Bitrue. You will not engage in n-degree arbitrage trading to exploit the inefficiencies of the market, or any involved in market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering, regardless of whether prohibited by law). You acknowledge and agree: Bitrue shall have the right to unilaterally determine whether you have violated any of the covenants above and, according to such unilateral determination, apply relevant rules and take actions thereunder or terminate services to you, without your consent or prior notice to you. As required to maintain the order and security of transactions on Bitrue, Bitrue shall have the right to close relevant orders and take other actions in case of any malicious sale or purchase or any other events disturbing the normal order of transaction of the market. If your violation or infringement has been held by any effective legal documents issued by judicial or administrative authorities, or Bitrue determines at its sole discretion that it is likely that you have violated the terms of this agreement or the rules or the laws and regulations, Bitrue shall have the right to publish on Bitrue such alleged violations and the actions that having been taken against you by Bitrue. As to any information you may have published on Bitrue that allegedly violates or infringes upon the law, other’s legitimate interests, or this agreement or the rules, Bitrue shall have the right to delete such information without any notice to you and impose punishments according to the rules. As to any action you may have carried out on Bitrue, including those you have not carried out on Bitrue but have had impacts on Bitrue and its users, Bitrue shall have the right to unilaterally determine its nature and whether it constitutes a violation of this agreement or any rules, and impose punishments accordingly. You shall keep all the evidence related to your acts on your own and shall undertake all the adverse consequences resulting from your failure to discharge your burden of proof. Bitrue reserves the right to freeze the user’s account provided any violation of the User’s Guide stipulated herein. If your alleged violation of your promises causes any losses to any third party, you shall solely undertake all the legal liabilities in your own name and hold Bitrue harmless from any loss or extra expenses. If due to any alleged violation by you to the laws or this agreement, thus Bitrue incurs any losses, is claimed by any third party for compensation, or suffers any punishment imposed by any administrative authorities, you shall indemnify Bitrue against any losses and expense caused thereby, including reasonable attorney’s fee.

8. Scope and Limitation of Liability

Bitrue will provide Bitrue Service at an “as is” and “commercially available” condition. Bitrue disclaims any express or implied warranty with regards to Bitrue Service, however, including but not limited to applicability, free from error or omission, continuity, accuracy, reliability, or fitness for a particular purpose. Meanwhile, Bitrue disclaims any promise or warranty with regard to the effectiveness, accuracy, correctness, reliability, quality, stability, completeness, and timeliness of the technology and information involved by Bitrue Service. You are fully aware that the information on Bitrue is published by users on their own and may contain risks and defects. Bitrue serves merely as a venue for transactions. Bitrue serves merely as a venue where you acquire coin-related information, search for counterparties of transactions and negotiate and conduct transactions, but Bitrue cannot control the quality, security, or legality of the coin involved in any transaction, truthfulness, or accuracy of the transaction information, or capacity of the parties to any transaction to perform its obligations under the transaction documents. You shall cautiously make a judgment on your own on the truthfulness, legality, and effectiveness of the coin and information in question, and undertake any liabilities and losses that may be caused thereby. Unless expressly required by laws and regulations or any of the following circumstances occurs, Bitrue shall not have any duty to conduct a preliminary review of information data, transaction activity, and any other transaction-related issues of all users: Bitrue has reasonable cause to suspect that a particular member and a particular transaction may materially violate the law or agreement. Bitrue has reasonable cause to suspect that the activities conducted on Bitrue by a member may be illegal or improper. You acknowledge and agree, Bitrue shall not be liable for any of your losses caused by any of the following events, including but not limited to losses of profits, goodwill, usage or data, or any other intangible losses (regardless of whether Bitrue has been advised of the possibility of such losses): use or failure to use Bitrue Service, unauthorized use of your account or unauthorized alternation of your data by any third parties, expenses and losses incurred from purchase or acquisition of any data or information or engagement in transaction through Bitrue Service, or any alternatives of the same. your misunderstanding on Bitrue Service. any other losses related to Bitrue Service which are not attributable to Bitrue. In no event shall Bitrue be liable for any failure or delay of service resulting from regular equipment maintenance of the information network, connection error of the information network, error of computers, communication or other systems, power failure, strike, labor disputes, riots, revolutions, chaos, insufficiency of production or materials, fire, flood, tornado, blast, war, governmental acts or judicial orders. You agree to indemnify and hold harmless Bitrue, its contractors, its licensors, and their respective directors, officers, employees, and agents from and against any and all claims and expenses, including attorneys’ fees, arising out of your use of the Website, including but not limited to out of your violation this Agreement.

9. Termination of Agreement

You hereby agree that Bitrue shall have the right to terminate all or part of Bitrue’s Service to you, temporarily freeze or permanently freeze (cancel) the authorizations of your account on Bitrue at Bitrue’s sole discretion, without any prior notice, for whatsoever reason, and Bitrue shall not be liable to you; however, Bitrue shall have the right to keep and use the transaction data, records and other information that is related to such account. In case of any of the following events, Bitrue shall have the right to directly terminate this agreement by canceling your account, and shall have the right to permanently freeze (cancel) the authorizations of your account on Bitrue and withdraw the corresponding Bitrue account thereof: after Bitrue terminates services to you, you allegedly register or register in any other person’s name as Bitrue user again, directly or indirectly; the main content of user’s information that you have provided is untruthful, inaccurate, outdated or incomplete; when this agreement (including the rules) is amended, you expressly state and notify Bitrue of your unwillingness to accept the amended service agreement; any other circumstances where Bitrue deems it should terminate the services. After the account service is terminated or the authorizations of your account on Bitrue are permanently frozen (canceled)before, Bitrue shall not have any duty to keep or disclose to you any information in your account or forward any information you have not read or sent to you or any third party. You agree that, after the termination of the agreement between you and Bitrue, Bitrue shall still have the rights to keep your user’s information and all the transaction information during your use of Bitrue Service. Claim against you according to this agreement if you have violated any laws, this agreement, or the rules during your use of Bitrue Service. After Bitrue suspends or terminates Bitrue Service to you, your transaction activities prior to such suspension or termination will be dealt with according to the following principles and you shall take care of on your own efforts and fully undertake any disputes, losses or extra expenses caused thereby and keep Bitrue harmless from any losses or expenses: Bitrue shall have the right to delete, at the same time of suspension or termination of services, information related to any un-traded coin tokens that you have uploaded to Bitrue prior to the suspension or termination. If you have reached any purchase agreement with any other member prior to the suspension or termination but such agreement has not been actually performed, Bitrue shall have the right to delete information related to the such purchase agreement and the coins in question. If you have reached any purchase agreement with any other member prior to the suspension or termination and such agreement has been partially performed, Bitrue may elect not to delete the transaction; provided, however, Bitrue shall have the right to notify your counterparty of the situation at the same time of the suspension or termination.

10. Privacy Policy

Bitrue may announce and amend its privacy policy on the platform of Bitrue from time to time and the privacy policy shall be an integral part of this agreement.