Assumption of Risk; No Advice
CryptoAsset markets are volatile and shift quickly in terms of liquidity, market
depth, and trading dynamics. You are solely responsible and liable for your
account on the Platform and knowing the true status of your TINR tokens even if
the information on the Platform is displayed incorrectly.
The Company does not provide investment advice. The information contained within the Platform is for informational purposes only, and the Company is not soliciting any action based upon such materials. The material is not to be construed as investment advice. We do not provide any consultation on the advisability of purchasing any TINR, the timing of a purchase or redemption, or any other matters regarding the purchase or redemption of any TINR, such as trading techniques, models, algorithms, or any other schemes. Additionally, the material accessible through the Platform does not constitute a representation that the purchase of any TINR tokens are suitable or appropriate for you.
Risks
Please note the following risks in purchasing and using TINR:
Not a Bank Account
Your account with us (and any available assets held in such account) is not a
bank account or a deposit account. TINR tokens are not financial instruments and
the Company may not be regulated as a financial institution in your
jurisdiction. No interest will be paid on any funds or other assets held in your
account and all assets directly held by the Company are not insured by the
Company or, except as set forth below, any third party or any government agency.
The Company may collect interest on the fiat deposits held in the TINR escrow
accounts.
Coverage and Sweeps
The Company works with independent third-party financial institutions to provide
cash management for the fiat deposits backing TINR tokens so that each TINR
token is backed by an equivalent amount of fiat deposits, cash equivalents, or
short-term government treasuries. To achieve this, a portion of the fiat
deposits backing TINR are held in one or more depository accounts at our Banking
Partners whose deposits may be insured by the Insurance Corporation.
However, since the depository accounts are large volume transaction accounts
with balances exceeding this deposit insurance limit, the Company has taken
additional steps to provide protection for the funds.
To provide additional protection, the independent third-party financial institution bank or trust company may either: (1) deposit INR funds in multiple Offshore banks to provide full insurance coverage, (2) utilize sweep accounts that can protect the deposits through overnight investments in Global Treasuries, or (3) invest INR funds in cash equivalents or short-term government treasuries. Due to the large amount of fiat deposits backing the TINR tokens, a portion of these deposits may be deposited in semi / non insured offshore bank accounts or depository accounts at non-Indian banks subject to the local laws, or invested in cash equivalents or short-term government treasuries. Therefore, there may be a risk of loss to these funds associated with the solvency of the Fiat currency bank or non-Indian banks holding such funds or other factors.
Insurance is not applicable to the fiat deposits backing non-INR TrueCurrenies. Non-INR TrueCurrencies are held at one or more depository accounts at our Banking Partners. To provide protection, the independent third-party financial institution bank or trust company may utilize sweep accounts that can protect the deposits through overnight investments in government-backed securities.
Theft and Loss
Any depository account maintained by an independent third-party financial
institution for the benefit of TINR token holders may not be sufficient to cover
all losses due to theft or fraud incurred by our TINR holders. Transactions in
TrueCurrencies may be irreversible, and, accordingly, losses due to fraudulent
or accidental transactions may not be recoverable.
Market Value
The market value of TINR tokens may be derived from the continued willingness of
market participants to exchange fiat currency or digital assets for TINR tokens,
which may result in the potential for permanent and total loss of value of
TrueCurrencies in the market.
Redemption of TrueCurrencies
All TINR tokens will be rounded down to the nearest amount of the lowest
circulating denomination of the underlying representative fiat currency (e.g.,
Indian Paisa) respectively, upon redemption.
Feedback
In the event that you provide us any ideas, thoughts, criticisms, suggested
improvements, or other feedback related to Platform (collectively “Feedback”),
you agree that we may use the Feedback in any way we deem appropriate to: (a)
improve our Platform and (b) promote the Platform, and that you will not be due
any compensation for your Feedback that is used in these ways.
Intellectual Property Rights
The Platform and its entire contents, features, and functionality (including but
not limited to all information, software, text, displays, images, video and
audio, and the design, selection, and arrangement thereof), are owned by the
Company, its licensors, or other providers of such material and are protected by
international copyright, trademark, patent, trade secret, and other intellectual
property or proprietary rights laws.
These Terms of Use permit you to use the Platform for your use only, subject to the following restrictions:
● You must not reproduce,
distribute, modify, create derivative works of, publicly display, publicly
perform, republish, download, store, or transmit any of the material on the
Platform, except as it is created and owned by you.
●
You must not delete or
alter any copyright, trademark, or other proprietary rights notices from copies
of materials from this site.
●
No right, title, or
interest in or to the Platform or any content on the Platform is transferred to
you, and all rights not expressly granted are reserved by the Company.
Prohibited Uses
You may use the Platform only for lawful purposes and in accordance with these
Terms of Use. You agree not to use the Platform:
● In any way that violates
any applicable federal, state, local, or international law or regulation
(including, without limitation, any laws regarding the export of data or
software to and from India or other countries).
●
For the purpose of
exploiting, harming, or attempting to exploit or harm minors in any way by
exposing them to inappropriate content, asking for personally identifiable
information, or otherwise.
●
To transmit, or procure
the sending of, any advertising or promotional material, including any “junk
mail”, “chain letter,” “spam,” or any other similar solicitation.
●
To impersonate or
attempt to impersonate the Company, a Company employee, another user, or any
other person or entity.
●
In any way that
infringes upon the rights of others, or in any way is illegal, threatening,
fraudulent, or harmful, or in connection with any unlawful, illegal, fraudulent,
or harmful purpose or activity.
●
To engage in any other
conduct that restricts or inhibits anyone’s use or enjoyment of the Platform, or
which, as determined by us, may harm or offend the Company or users of the
Platform or expose them to liability.
●
By means of any robot,
bot spider, or other automatic device or process, or by any manual process,
intended to monitor or copy any of material on the Website or for any other
unauthorized purpose.
●
In order to disguise the
proceeds of, or to further, any breach of applicable laws or regulations, or to
deal in any contraband TINRs, other digital tokens, funds, or proceeds.
●
To use any funds or
other value on the Platform, or use any Services, with anything other than
funds, keys, TrueCurrenciess, or other digital tokens that have been legally
obtained by you and that belong to you.
●
To interfere with or
subvert our rights or obligations or the rights or obligations of any other
Platform customer or any other third party;
●
To engage in conduct
that is detrimental to us or to any other Platform customer or any other third
party;
●
To falsify any account
registration details provided to us;
●
To falsify or materially
omit any information or provide misleading information requested by us in the
course of, directly or indirectly relating to, or arising from your activities
on the Platform or the use of any Services, including at registration;
●
To reverse-engineer,
decompile, or disassemble any software running on the Platform; or, attempt to
harm us through your access to the Platform or any Services, except that nothing
in this subparagraph shall be construed as limiting your free speech rights
under applicable law.
Reliance on Information Posted
We do not warrant the accuracy, completeness, or usefulness of any information
on the Platform. Any reliance you place on such information is strictly at your
own risk. We disclaim all liability and responsibility arising from any reliance
placed on such materials by you or any other visitor to the Platform, or by
anyone who may be informed of any of its contents.
The Platform includes content provided by third parties, including materials provided by other users, attorneys, third-party licensors, syndicators, aggregators, and/or reporting services. All statements and/or opinions expressed in these materials, other than the content provided by the Company, are solely the opinions and the responsibility of the person or entity providing those materials. We are not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties.
Links from the Platform
Links to any third-party websites on the Platform are provided for your
convenience only. We have no control over the contents of those sites or
resources. If you decide to access any of the third-party websites linked to the
Platform, you do so entirely at your own risk and subject to the terms and
conditions of use for such websites.
Users Outside the Country of domicile of
TINR
The Platform is controlled and operated from offshore jurisdiction gloablly and
is subject to its laws. If you choose to access the Platform outside of this
country, you do so at your own risk and are responsible for complying with all
applicable laws, rules, and regulations.