These Terms of Service (“Terms”) govern your use of the cryptocurrency staking services provided by ThomasBlock.io (“Provider,” “we,” “us,” or “our”). By accessing or using our services, you agree to comply with and be bound by these Terms. If you do not agree with these Terms, please do not use our services.
- Services
Provider offers cryptocurrency staking services, allowing users to earn rewards by participating in the staking of various cryptocurrencies. By using our services, you acknowledge that cryptocurrency investments are subject to market risks, and you accept these risks fully.
- Eligibility
You must be of legal age and have the legal capacity to participate in cryptocurrency staking in your jurisdiction. You are solely responsible for ensuring compliance with your local laws.
- Staking and Rewards
By staking your cryptocurrencies with us, you agree to the terms of the specific staking agreement for each supported cryptocurrency. Rewards are not paid by us but by the Blockchain’s distribution module, and a commission may be deducted from rewards as a service charge. Rewards depend on staked cryptocurrencies and can vary due to factors like network staking and market conditions. We reserve the right to modify staking terms and rewards without prior notice.
- Slashing
Blockchain networks may penalize validators through slashing for rule violations. While we strive to minimize this risk, slashing can occur if errors lead to a validator’s shutdown. This results in permanent loss of staked cryptocurrency, reduced rewards, and network exclusion. Slashing severity varies, often due to double signing or security breaches. Despite our efforts, inherent blockchain unpredictability means risk exists. We utilize fallbacks and monitoring, but we cannot be held responsible for technical glitches or unforeseen factors causing slashing.
- Security
You are responsible for maintaining the security of your account credentials and any other authentication methods associated with your account. We are not liable for any unauthorized access to your account.
- Fees
We may charge fees for our staking services. You agree to pay any applicable fees associated with using our services. Fee structures are subject to change and will be communicated in advance.
- Termination and Unbonding
You have the prerogative to terminate your engagement with our staking services at any time. However, we retain the right to suspend or terminate your account access if you breach these Terms or if suspicious activities are detected. It’s important to note that during periods of unbonding, as defined by the rules of the underlying blockchain, you may face restrictions on using, sending, or selling the delegated cryptocurrencies. We cannot be held liable for any losses or issues arising during the unbonding process.
- Disclaimer of Warranties
Our services are provided without any warranties or guarantees, whether express or implied. We do not guarantee the accuracy, reliability, or availability of our services.
- Limitation of Liability
We shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from or related to the use of our services.
- Changes to Terms
We reserve the right to modify or update these Terms at any time. The most current version of the Terms will be posted on our website. Your continued use of our services after such changes constitutes acceptance of the updated Terms.
- Governing Law
These Terms are governed by and construed in accordance with the laws of Germany, without regard to its conflict of law principles.
- Contact Us
If you have any questions about these Terms or our services, please contact us.
By using our services, you acknowledge that you have read, understood, and agree to abide by these Terms of Service.