a) you have accepted the General Terms; and
b) you are at least 18 years of age and have the capacity to accept the General Terms;
c) you are the legal owner of the funds you add to your account with Pokket and the same funds derive from a legitimate source;
d) using Pokket Services does not constitute a breach of the laws of your home jurisdictions;
e) you are aware of the risks in using the Pokket Services. These risks include the high volatility risk of cryptocurrency itself, and the fact you may be returned funds in TUSD or equivalent if settlement conditions are met at the time of observation;
f) any crypto currency withdrawal address you provide is your own and you have full control over this address. By creating a Pokket Account, you hereby agree that:
a) you will notify Pokket immediately if you are aware of any unauthorized use of your pocket account and password or any other violation of security rules;
b) you will strictly abide by all mechanisms or procedures of Pokket regarding security, authentication, trading, charging and withdrawal.
a) not attempt to undermine the security or integrity of Pokket’s computing systems or networks or, where Pokket Services are hosted by a third party, that third party’s computing systems and networks;
b) not use, or misuse, Pokket Services in any way which may impair the functionality of Pokket Services or Website, or other systems used to deliver Pokket Services or impair the ability of any other user to use Pokket Services or Website;
c) not attempt to gain unauthorised access to the computer system on which the webite is hosted or to any materials other than those to which you have been given express permission to access;
d) not transmit or input into the Website any files that may damage any other person’s computing devices or software; content that may be offensive; or material or Data in violation of any law (including Data or other material protected by copyright or trade secrets which you do not have the right to use); and
e) not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to deliver Pokket Services or to operate the Website except as is strictly necessary to use either of them for normal operation.
a) monitoring transactions for the purpose of identifying suspicious or illegal activity; and
b) investigating and reporting suspicious activity in accordance with Applicable Laws.
a) Pokket Savings assets will be used in cryptocurrency leveraged borrowing and other businesses.
b) You will unconditionally authorize Pokket to distribute and grant the leveraged interest according to Pokket Platform Rules.
c) You shall abide by relevant laws and regulations to ensure that the sources of Digital Assets are legitimate and compliant when using Pokket Savings service.
d) You should fully recognize the risks of investing in Digital Assets and operate cautiously.
e) You agree that all investment operations conducted on Pokket represent your true investment intentions and that unconditionally accept the potential risks and benefits of your investment decisions.
f) Pokket reserves the right to suspend or terminate Pokket Savings service. If necessary, Pokket can suspend and terminate Pokket Savings service at any time.
g) Due to network delay, computer system failures and other force majeure, which may lead to delay, suspension, termination or deviation of execution of Pokket Savings service, Pokket will use reasonable effort to ensure but not promise that Pokket Savings service execution system runs stably and effectively. Pokket does not take any responsibility if the final execution fails to match your expectations due to the above factors.
a) there are considerable risks involved in Lending Services, which include without limitation to risks of fluctuation of the borrowed Digital Assets’ value, derivative risks and technical risks. You shall carefully consider and exercise clear judgment to evaluate your financial situation and the aforesaid risks to make any decision on using Lending Services, and you shall be responsible for all losses arising therefrom;
b) you shall cooperate to provide the information and materials related to identify verification and Lending Services as required by Pokket, and be solely responsible for taking necessary security measures to protect the security of your Collateral account and personal information;
c) You shall carefully read the relevant Website before using Lending Services, and be aware of, understand and observe the specific information and rules regarding the operations of Lending Services, and you undertake that the use of the assets borrowed shall conform to requirements of these General Terms and related laws and regulations;
d) Pokket has the full right to manage the collateral standing in your Collateral Account during the period in which Lending Services are offered, and reserves the right, under the circumstances specified in the Master Loan agreement or these General Terms, to implement various risk control measures, including but not limited to forced liquidation. Such steps may cause major losses to you and you shall be solely responsible for the outcomes of such measures;
e) Pokket has the right to temporarily or permanently prohibit you from using Lending Services when it deems necessary or reasonable, and to the maximum extent permitted by law, without liability of any kind to you.
a) Upon completion of the registration and identity verification for your Pokket Account, you may be able to make use of the Pokket Convert Services, which enables you to buy and sell Digital Assets. Users may provide Pokket with a request to convert one Digital Asset into another Digital Asset, which Pokket may, in its sole discretion, elect to accept or reject.
b) For conversion between a supported trading pair of Digital Assets, Users may place a market order by specifying the type and amount of the Digital Asset to be converted (a “Convert Market Order”) or a limit order, by specifying the type and amount of the Digital Asset to be converted, the price and the expiry of the limit order (a “Convert Limit Order”).
c) If a User places a Convert Market Order, Pokket may provide a non-binding quote for the conversion (a “Convert Quote”), which the User may accept or decline within such period of time as Pokket may in its sole discretion specify. It is the User’s responsibility to check the competitiveness of the price and decide whether to accept the Convert Quote or not within the specified time. User’s acceptance of the Convert Quote (the “User Trade Request”) authorizes Pokket to temporarily lock the User’s Digital Assets that are to be converted until the conversion is completed.
d) Pokket may either accept or reject the User Trade Request at its sole discretion, depending on market conditions and other factors at the relevant time.
e) If Pokket accepts the User Trade Request, Pokket will guarantee the price (regardless of price movement) as well as the amount it provides to the User and will settle the Digital Assets accordingly. In most cases, the settlement will complete within 10 seconds. But it is sometimes possible that the settlement process takes several hours or even longer, depending on various factors, including market conditions, technical issues, etc. During the process of settlement, the User cannot cancel the conversion or transfer, withdraw, or trade the Digital Asset that is being processed. Pokket shall not be held responsible for potential loss or opportunity cost in connection with any price change of the Digital Asset being processed during this settlement period.
f) In respect of Convert Limit Orders, Pokket does not guarantee the fulfilment of the limit order, even if the market price hits or crosses the limit price set by the User, as orders are executed subject to market conditions and liquidity. Pokket shall not be held responsible for any potential loss or opportunity cost due to the unsuccessful execution of limit orders in such case.
g) It is recommended that Users conduct independent research into different Digital Assets prior to using Pokket Convert Services. Users bear full responsibility for any profit or loss in connection with their use of Pokket Convert Services.
a) we are required to do so by applicable law or regulation, or any court or legal authority to which we are subject in any jurisdiction;
b) we have determined that you are not, or are no longer, eligible to use Pokket Services;
c) we have determined or suspect that any transaction is unauthorized, erroneous, fraudulent, or unlawful or we have determined or suspect that your account(s) or Pokket Services are being used in a fraudulent, unauthorized, or unlawful manner:
d) we have determined or suspect there is any occurrence of money laundering, terrorist financing, fraud, or any other crime:
e) your account(s) is subject to ongoing litigation, investigation, or judicial, governmental or regulatory proceedings and/or in our opinion, there is a heightened risk of legal or regulatory non-compliance related to your account(s) activity;
f) you have outstanding financial obligations owed to Pokket;
g) there are issues with your KYC ongoing monitoring.
a) you are authorised to access and use the Website; In particular, the jurisdiction where you reside, hold citizenship, or conduct business allows you to utilize Pokket Services;
b) if you are using the Website on behalf of or for the benefit of any organisation then it is assumed you have the right to do so. The organisation will be liable for your actions including any breach of these General Terms;
c) your use of the Website and the Service is at your own risk. You agree Pokket is not liable for any damage or harm arising out of your use of the Website and Service;
d) the information provided on the Website is for general information purposes only and is given in good faith. However, the information is selective and Pokket may not verify all information, which may not be complete or accurate for your purposes and should not be relied upon without further enquiry. The information should not be construed as a recommendation to engage the Service provided by Pokket in a particular manner; and
e) Pokket does not warrant the use of the Website will be uninterrupted or error free. Among other things, the operation and availability of the systems used for accessing the Website, including public telephone services, computer networks and the Internet, can be unpredictable and may from time to time interfere with or prevent access to the Website. Pokket is not in any way responsible for any such interference that prevents your access or use of the Website and the Service.
Pokket gives no warranty about the Website. Without limiting the foregoing, Pokket does not warrant the Website will meet your requirements or it will be suitable for your purposes. To avoid doubt, all implied conditions or warranties are excluded insofar as is permitted by law including, without limitation, warranties of merchantability, fitness for purpose, title and non-infringement.
Pokket partners with third party for-profit trading businesses which, among other things, transacts in products deposited on the Pokket platform. The third parties act primarily as market makers and providers of the premiums paid for on deposits, including the collateral posted against the deposit. Third party partnership is organised to be separate and distinct from the platform business.
You warrant and represent you are acquiring the right to access and use the Website and agreeing to these General Terms for the purposes of a business and, to the maximum extent permitted by law, any statutory consumer guarantees or legislation intended to protect non-business consumers in any jurisdiction does not apply to the supply of the Website or these General Terms.
a) your understanding the timely operation of the Internet and the World Wide Web is governed by constraints beyond the control of Pokket. You accept Pokket is not liable for any perceived slow operation of the Website.
b) all deposits are final and irreversible.
c) Pokket reserves the right to return any deposit at any time regardless of the profit or loss position.
a) meet your requirements;
b) the Service will be uninterrupted, timely, secure, or error-free;
c) the information provided through the Service is accurate, reliable or correct;
d) any defects or errors will be corrected, or that the Service will be available at any particular time or location. You assume full responsibility and risk of loss resulting from your use of Pokket Services.
a) site announcements via any domain controlled by us (including, without limitation, https://pokket.com);
b) to the contact details registered with your Account (including, but not limited to, your registered email address);
c) Website banners, popups and announcements;
d) mobile alerts via the Mobile App.