Sign-In Terms and Conditions
By registering for a Lenex Trade Account or using any of the Services, you agree
that you SBy registering for a Lenex Trade Account or using any of the Services,
you agree that you have read, understood and accept all of the terms and conditions
contained in this Agreement as well as the Lenex Trade Privacy Policy, Cookie
Policy, and E-Sign Consent Policy, and you acknowledge and agree that you will
be bound by these agreements and policies. Note that this Agreement uses the
term “Digital Currency” to refer to LENEX CURRENCY, Bridged LENEX
CURRENCY, or any other digital currencies, crypto currencies, virtual currencies,
or digital assets. A list of Digital Currencies that our Services support (each,
a “Supported Digital Currencies”) is available here.
For the avoidance of doubt, where used herein, the term “funds” includes Digital
Currency. Not all Supported Digital Currencies are available for use in, or are
compatible with, all of our Services. You must carefully consider the terms related
to Supported Digital Currencies herein (including, without limitation, Sections 2
and 12, before attempting to deposit, hold, transact in, or send a Digital Currency
using the Platform). ave read, understood and accept all of the terms and
conditions contained in this Agreement as well as the Lenex Trade Privacy
Policy, Cookie Policy, and E-Sign Consent Policy, and you acknowledge and agree
that you will be bound by these agreements and policies. Note that this
Agreement uses the term “Digital Currency” to refer to LENEX CURRENCY,
Bridged LENEX CURRENCY, or any other digital currencies, cryptocurrencies,
virtual currencies, or digital assets. A list of Digital Currencies that our Services
support (each, a “Supported Digital Currencies”) is available here. For the
avoidance of doubt, where used herein, the term “funds” includes Digital
Currency. Not all Supported Digital Currencies are available for use in, or are
compatible with, all of our Services. You must carefully consider the terms related
to Supported Digital Currencies herein (including, without limitation, Sections 2
and 12, before attempting to deposit, hold, transact in, or send a Digital Currency
using the Platform).
No guarantee of price stability Subject to the limitations set forth in this User
Agreement, (i) when Lenex Trade tokenizes U.S. Dollars for LENEX
CURRENCY it will always do so at a rate of one U.S. Dollar ($1) per one (1)
LENEX CURRENCY and (ii) when Lenex Trade redeems LENEX CURRENCY
for U.S. Dollars, it will always redeem such LENEX CURRENCY at a rate of one
U.S. Dollar ($1) per one (1) LENEX CURRENCY, less fees where applicable. For
each LENEX CURRENCY that is issued by Lenex Trade and remains in
circulation, Lenex Trade will maintain at least the equivalent of US denominated
assets in segregated accounts with US regulated financial institutions on behalf of
the LENEX CURRENCY holders. Each LENEX CURRENCY is worth $1.00,
and is always redeemable by Lenex Trade on a 1:1 basis for US dollars. Lenex
Trade does not guarantee that the value of one (1) LENEX CURRENCY will
always equal one U.S. Dollar ($1) across all platforms. Due to a variety of factors
outside of Lenex Trade’s control, the value of LENEX CURRENCY, particularly
on third-party platforms such as cryptocurrency exchange platforms, can fluctuate
above or below one U.S. Dollar ($1). Lenex Trade cannot control how third parties
value LENEX CURRENCY, and Lenex Trade is not responsible for any losses or
other issues that may result from fluctuations in the value of LENEX
CURRENCY.
Users accept all consequences of sending LENEX CURRENCY off of Lenex
Trade’s platform. LENEX CURRENCY transactions are not reversible. Once you
send LENEX CURRENCY to an address, you accept the risk that you may lose
access to, and any claim on, that LENEX CURRENCY indefinitely or
permanently. For example, (i) an address may have been entered incorrectly and
the true owner of the address may never be discovered, (ii) you may not have (or
subsequently lose) the private key associated with such address, (iii) an address
may belong to an entity that will not return the LENEX CURRENCY, (iv) an
address belongs to an entity that may return the LENEX CURRENCY but first
requires action on your part, such as verification of your identity. For the
avoidance of doubt, nothing in this Agreement is intended to obligate Lenex Trade
to track, verify or determine the provenance of LENEX CURRENCY balances for
Users, including any form of security interests claimed thereon.