Terms of Service
Last revised: 2 August, 2021
By using or applying for use of this website, you confirm that
you have read, understand, and agree to the Terms of Service
("ToS" or "Terms"). If a user creates a Member account on the
Aspire LTD Service (hereinafter referred to as the Service) and
logs in to use the Service, any use of the Service, including
subscription to the product, is deemed to have been done by the
exercise of the Member's own free will and discretion.
If you do not agree with what is contained in these Terms,
please do not submit information to, access information on, nor
use the website. Aspire LTD ., Ltd., its subsidiaries,
affiliates, transferees, successors, and their officers,
directors, employees, and agents, will be referred to herein as
" Aspire LTD ". You and the Company may be collectively referred
to as "the Parties".
The value of digital assets (which means electronic information
that can be recorded and used in a certain network by being
encrypted and issued with blockchain technology and includes
cryptocurrency, digital assets, digital tokens or any other name
used to describe it; hereinafter referred to as Digital Assets)
may fluctuate greatly. Investing in Digital Assets or products
based on Digital Assets carries a risk of economic loss. You are
aware of the risks associated with trading Digital Assets and
related products. You are responsible for all risks associated
with the use of services and transactions for Digital Assets and
related products. Aspire LTD is not responsible for such risks
or consequences thereof.
The purpose of these Terms is to stipulate matters regarding the
rights, obligations, and responsibilities of the Company and
Members, and other necessary matters in connection with the use
of the Aspire LTD Services (https://aspire-limited.com) provided by Aspire LTD Pte., Ltd. (hereinafter referred to as
the Company)
Definitions of terms used in these Terms of Service are as
follows:
-
"Service" means services provided by the Company to Members of
Aspire LTD (https://aspire-limited.com), a digital asset platform that allows Members to
deposit/invest/swap their assets in digital asset deposit
services and investment products.
-
"Member" means a person who uses the Aspire LTD Services
provided by the Company in accordance with these Terms.
-
"ID" refers to the email address entered or registered at the
time of signing up for a Membership for the purpose of Member
identification and the use of the Service by a Member.
-
"Digital Assets" which means electronic information that can
be recorded and used in a certain network by being encrypted
and issued with blockchain technology and includes
cryptocurrency, digital assets, digital tokens or any other
name used to describe it; hereinafter referred to as Digital
Assets.
-
"Earn" means the revenue paid for the Digital Assets deposited
by a Member to Aspire LTD Earn or Aspire LTD Earn Plus, which
are deposit products of the Service. This refers to the
automatic payment by the Company on a daily basis of a part of
the profits obtained by operating the assets entrusted by the
Member according to the Earn Rate notified at the time of
product subscription for the amount of assets deposited by the
Member. Earn is paid on a daily basis for the product that a
Member has subscribed to, in the form of the same asset as the
Digital Assets deposited at the time of product subscription.
-
“Switch” means the swap of one Digitial Assets to another
Digital Asset funded to the Aspire LTD Marketplace.
-
"Earn Rate" refers to the percentage of revenue that a Member
receives on Digital Assets deposited in a deposit product.
Earn Rate fluctuates approximately on a two-week cycle and is
notified upon product subscription or on the website.
-
“ Aspire LTD Marketplace” refers to the marketplace where
users can exchange Digital Assets deposited in the Aspire LTD
platform.
-
“Fill Rate” refers to a variable ratio of the current
Marketplace pool reserve to the standard pool reserve.
-
“Switch Partner” refers to the Members who deposit their
Digital Assets to Aspire LTD Marketplace to make them
available for swap.
-
"Performance Fee" refers to the performance fee of 15% of the
total investment return (based on the number of Digital
Assets) at the time of expiration of the Aspire LTD Earn
Explore product.
-
“Basic Fee” refers to the cost the Member pays the Company for
using the Aspire LTD Switch. Fees are set at 0.05% of the
transaction amount.
-
“Reward Fee” refers to the cost the Member pays the liquidity
providers of Aspire LTD Switch for using the Aspire LTD
Switch. Fees are variable from 0.05% to 0.85% of the
transaction amount. Reward Fee is determined by the Fill Rate
of each Digital Asset funded at Aspire LTD Marketplace.
Except as specified in the above, the definitions of terms used
in these Terms have the meaning set forth in the relevant laws
and regulations. Anything not specified in the relevant laws and
regulations shall be subject to general business practices.
-
In order for Members to know these Terms, the Company will
notify the Members of these terms and conditions by posting
them on the initial screen or a connected screen of the
Service or by other means. By signing up for the Service,
Members are considered to have agreed to these Terms and are
bound by the terms and conditions.
-
The Company reserves the right to change or amend these Terms
at any time according to circumstances and at its discretion.
-
If the Company revises the Terms, the revisions will be
updated on the Aspire LTD website (https://aspire-limited.com/terms), and the Company will notify any changes to these Terms by
modifying the [last update date] within the Terms.
-
However, in the case of a change that significantly affects
the rights and obligations of Members, the Company shall
notify the change through the email address entered when the
Member signed up.
-
If a Member uses the Service by signing an individual contract
with the Company, the Company may set forth the terms of
service or operation policy (hereinafter referred to as
"Operation Policy, Etc.") for each Service. If such terms and
conditions conflict with these Terms, the Operation Policy,
Etc. for individual Services will take precedence.
-
Other matters not specified in these Terms are subject to the
Act on Regulation of Terms and Conditions in Singapore or
other related laws. In the absence of clearly relevant
statutes, general business practices will apply.
-
The service use agreement between the Company and the Member
(hereinafter referred to as the "Use Agreement") is concluded
when a person who wants to use the Service (hereinafter
referred to as " Applicant") agrees to these Terms and the
Privacy Policy and then applies for Membership, and the
Company approves their use.
-
In principle, the Company will approve the use of the Service
upon the Applicant's application. However, the Company may
refuse to approve or terminate the Use Agreement afterward:
-
If the Applicant has previously lost Membership under
these Terms;
-
If an Applicant applies for subscription by using another
person's information or name;
-
If the Applicant enters false information or does not
provide the information requested by the Company;
-
If the Applicant is under the age of 18;
-
If the Applicant is a citizen or entity registered in
Panama, Afghanistan, Albania, Barbados, Botswana, Burkina
Faso, Central African Republic, Iran, Iraq, Jamaica, North
Korea, Mauritius, Myanmar, Nicaragua, Pakistan, Congo,
Senegal, Somalia, Syria, Uganda, Yemen, Zimbabwe, but not
limited to the countries listed as the Specially
Designated National (SDN) as specified by the Office of
Foreign Assets Control (OFAC) of the U.S. Department of
the Treasury;
-
If the Company cannot approve due to the reasons
attributable to the Applicant or cannot provide the
Service due to other reasons.
-
If facilities related to the Service lack sufficient capacity,
if technical or business problems arise, or if it is deemed
necessary by the Company's reasonable discretion, the Company
may withhold approval.
-
If the Company refuses to approve or withholds the
subscription or terminates the Use Agreement according to the
reasons described in this article, the Company will in
principle inform the Applicant thereof.
-
When the Company indicates the completion of subscription in
the application process, it shall be deemed that the Use
Agreement has been established.
-
Users who wish to use the Service by signing up as Members
shall complete KYC verification, email and SMS authentication
for depositing Digital Assets.
-
If a user does not go through the authentication required by
the Service as defined in this article, the use of the Service
shall be restricted. Users or Members who have not registered
with their own personal information may not claim any rights
with respect to this Service.
-
If a Member applies for use of the Service by illegal use of
other's name, his/her Member ID will be deleted, and the
Member may be held liable according to related laws.
-
The Company strives to protect the personal information of
Members, including account information, as prescribed by
related laws and regulations. The protection and use of
Members' personal information are subject to the Privacy
Policy notified separately by the Company (https://aspire-limited.com/privacy). Notwithstanding the foregoing, the Company's Privacy
Policy does not apply to websites other than the official
service application and website provided by the Company.
-
The Company does not take any responsibility for the exposure
of any information, including the account information of
Members, due to reasons attributable to the Members.
-
In order to facilitate the use of the Service, protect the
information of Members, and facilitate guidance on the use of
the Service, the email address selected by the Member will be
used as the Member ID. However, the Company may refuse or
limit the use of the Member ID if the content of the ID is
antisocial, harms the morals, or may mislead others about an
operator.
-
The Company uses account information to determine Members'
eligibility to use the Service and perform various other tasks
related to Member management.
-
Members shall manage their account information with due care.
In the event of damage caused by violating this Article, the
Member shall be held fully responsible.
-
Members may freely set the password within the scope of the
standards set by the Company and change the designated
password at any time they choose.
-
Members are responsible for the protection and management of
the password. However, the Company may recommend regular or
irregular changes of the password to Members for security
reasons.
-
The account shall only be used by the person who registered
the account. Any Member who suspects or has discovered
unauthorized use of a Member's account and password should
immediately notify the Company.
-
The Company may immediately take measures including suspension
of account use.
-
The Company shall not be liable for any loss or damage arising
from your or a third party's use of your Aspire LTD account,
whether or not it has been approved by you.
-
The Company reserves the right to suspend, freeze, or cancel
the use of the account by anyone other than the account
registrant.
-
Unless otherwise specified in these Terms, the notice by the
Company to Members may be made by the email entered at the
time of Membership registration, notification messages in the
Service, or electronic posts, and by similar means.
-
Notices for all Members may be replaced by posting on a
specific area on the Company's homepage or on the notice board
of the Service in substitution for the above notice.
-
Unless there is a special problem related to business
operations or technology, the Company provides 24/7 service:
24 hours a day, 7 days a week. However, if it is necessary for
operation, including but not limited to periodic checking of
information and communication systems, expansion and
replacement of servers, patching of various bugs, and
replacement with new services, the Service may be temporarily
suspended for a certain period of time. Periodic inspection
time will be announced on the service provision screen.
-
If, for unavoidable reasons, the Company is unable to give
advance notification, the Company may temporarily suspend the
provision of the Service and notify it later.
-
The Company may limit or stop all or part of the Service:
-
If there are uncontrollable reasons like force majeure
including but not limited to war, rebellion, natural
disasters, or national emergency;
-
If there are unavoidable circumstances due to construction
including but not limited to repair of service equipment;
-
If normal Service is disrupted for reasons including power
outage, failure of facilities, or excessive server load;
-
If the Service cannot be otherwise provided due to various
circumstances of the Company.
-
The Company shall not be liable for any problems arising from
the change or suspension of the Services unless the Service
has been changed or suspended due to the Company's intention
or gross negligence.
-
If any of the above reasons occurs, the Company shall make
best efforts to resume Service as soon as possible.
-
In the event that, for reasons including filing for bankruptcy
or applying for the commencement of corporate reorganization
procedures, the Company cannot reasonably carry out normal
business activities or provide continuous Service, the Company
may suspend the Service from 30 days after the date of
notification to the Member.
-
The Service may also be changed or terminated in the event
that a partner company with which Aspire LTD has contracted to
provide the Company's Service terminates or alters the
agreement, introduces a new service, or for similar reasons.
In this case, such changes will be notified on the web page of
the Service or to the email address entered when the Member
signed up.
-
In the following cases, the Company may freeze and suspend the
account without prior notice or consent to the Member:
-
If the Member is under the age of 18;
-
If it is suspected that a Member's account has been stolen
or that someone other than the Member has logged in or
used the Service;
-
If a Member's account is, or is suspected of, being
provided as a loan, transfer, or collateral;
-
If it is suspected that a Member has used someone else's
personal information during identity verification;
-
If it is suspected or confirmed that a Member is an entity
registered on a list of trade ban or economic sanctions,
including but not limited to the Specially Designated
National (SDN) as specified by the Office of Foreign
Assets Control (OFAC) of the U.S. Department of the
Treasury;
-
If an investigative agency requests assistance in a
criminal investigation, a court order has been issued, a
government agency requests an investigation of a Member,
or the Company suspects illegal use.
-
You shall be aware that if you reside in a location found to,
or considered likely to, violate international law, anti-money
laundering laws or other laws, there may be a disadvantage in
your using the Service.
-
Members shall not engage in any acts that violate the laws and
regulations of the country in which they reside.
-
Members can deposit Digital Assets in Aspire LTD Services by
transferring Digital Assets from outside of Aspire LTD
Services to Aspire LTD Earn products. Members can receive
deposit revenue provided by Aspire LTD Earn products by
depositing Digital Assets that support deposit from the
Service to the deposit address for each Digital Asset that the
Members have received from Aspire LTD Service.
-
When depositing Digital Assets from outside to Aspire LTD
Service, the Member shall accurately enter the address to
receive a deposit (address information) provided by Aspire LTD
Service. The Company shall not be liable for any damage caused
by the Member entering an incorrect address.
-
Members can deposit or withdraw Digital Assets from outside to
Aspire LTD Services. You can apply for a withdrawal of the
entire principal from Aspire LTD Earn and Earn Plus at any
time, and it may take up to 24 hours to process the withdrawal
within the Aspire LTD Service. Depending on the blockchain
network situation, it may take additional time for the
completion of the transfer of Digital Assets to a Member's
external wallet address after the processing of the withdrawal
of the Aspire LTD Invest Service, and the Company is not
responsible for any problems caused by this delay.
-
In the case of withdrawal, you shall provide accurate
information about the digital wallet to which you want to
transfer the Digital Assets or the external address where the
Digital Assets can be transferred. If the detailed information
you provide is inaccurate, incomplete, or misleading, there is
a risk of permanent loss of your Digital Assets. When you
withdraw all or part of Digital Assets, we are not responsible
for any loss caused by inaccurate, incomplete, or incorrect
information you may provide for such transfer.
-
If remittance to the external wallet specified by you or the
external address for Digital Assets cannot be processed, we
are not responsible for the failure to process your withdrawal
request or the loss or delay of the withdrawal amount.
-
Deposits and withdrawals of Digital Assets may be suspended
temporarily or permanently upon cyber attacks against Aspire
LTD Services or partner services used by Aspire LTD , extreme
fluctuations in market conditions, or other operational and
technical problems. Aspire LTD Service is not responsible for
any kind of loss or damage arising from cyber attacks,
operational or technical issues, or suspension of deposits and
withdrawals.
-
All blockchain transaction fees charged by third parties in
connection with your withdrawals will be deducted from the
amount of Digital Assets you withdraw from your products. For
example, if you withdraw one bitcoin from a Digital Asset
product and the bitcoin network charges the transaction fee
equivalent to .01 bitcoin, you will receive .99 bitcoins.
We provide a deposit service that provides deposit revenue based
on the deposit period if a Member deposits Digital Assets.
Members who use the deposit service shall be fully aware of the
risks of investing in Digital Assets and carefully determine
their operations. You agree that all investment activities
performed in the Service represent your true investment intent
and that you accept the potential risk of your investment
decision.
By depositing, a Member enters into a contract to use the
Service and agrees to the terms and conditions for the product.
Members are recommended to check the description of the deposit
service in these Terms and note the following when using the
Aspire LTD deposit service:
-
Members can deposit Digital Assets into their deposit products
and receive deposit revenue.
-
The Digital Assets deposited in this product are transferred
to a cold wallet (device, physical medium, program or service
which stores Digital Asset information that is separated from
the public internet) managed by the Company, transferred to
Aspire LTD trading team and external partners verified by
Aspire LTD , and used for trading and operation.
-
Earn (deposit interest) is paid on a daily basis based on the
annual interest rate announced at the time of product
subscription. It is paid for the amount of the asset that has
been deposited for more than 24 hours, based on the time the
Digital Asset was deposited into the deposit product account
at the time of interest payment specified by the Aspire LTD
Service.
-
Earn Rate fluctuates approximately on a two-week cycle and you
can check the changed interest rate on the service screen.
-
Earn Rate of the product to which a Member has subscribed is
automatically changed and applied according to the interest
rate applied during the corresponding period.
-
Depending on the type of token asset being deposited, this
product pays Earn only for assets that have been deposited up
to 5BTC for Bitcoin products, 100ETH for Ethereum products,
and 100,000USDT for Tether (USDT) products. Earn limits are
calculated based on the balance of the product for each token.
-
Members can request to withdraw their assets at any time in
accordance with the withdrawal conditions specified in Article
13.
-
Aspire LTD reserves the right to pause or terminate the
deposit service.
-
Unless the law requires prior notice, we reserve the right to
temporarily or permanently remove online access and restrict
access to Aspire LTD products, including but not limited to
restricting the use of Aspire LTD products and/or closing
Aspire LTD products without prior notice. We shall not be
liable for such actions. In addition, Aspire LTD reserves the
right to hold or suspend the withdrawal of funds or assets
belonging to you if you fail to comply with the terms and
conditions set forth in the Terms.
-
This product/account shall not be transferred in whole or in
part to someone who is not a Member.
-
The Company is committed to ensuring that the Service
continues to operate without delay/stop. However, the Company
may limit or stop all or part of the Service:
-
If there are uncontrollable reasons like force majeure
including but not limited to war, rebellion, natural
disasters, or national emergency;
-
If normal Service is disrupted for reasons including power
outage, failure of facilities, or excessive server load;
-
If there are unavoidable circumstances due to construction
including but not limited to repair of service equipment;
-
If the Service cannot be otherwise provided due to various
circumstances of the Company.
-
The Company shall not be liable for any problems arising from
the change or suspension of the Services unless the Service
has been changed or suspended due to the Company's intention
or gross negligence.
-
In the event of a problem caused by the Company's gross
negligence, the Company shall compensate for damage caused by
such negligence up to the limit of the Company's assets.
Regarding compensation for damages, all claims shall be made
against the Company, and shall not extend to other individuals
or organizations, including Service Members, affiliates,
investors, employees, officers, agents, or advisors. We are
not responsible for your actions and the burden of all related
losses falls solely on you.
We provide a deposit service that provides deposit revenue based
on the set deposit period if a Member sets the desired period
and deposits Digital Assets. Members who use the deposit service
shall be fully aware of the risks of investing in Digital Assets
and carefully determine their operations. You agree that all
investment activities performed in the Service represent your
true investment intent and that you accept the potential risk of
your investment decision.
By transferring the assets from Aspire LTD Earn to Aspire LTD
Earn Plus, the Member enters into a service use agreement and
agrees to the terms and conditions for the product. Members are
recommended to check the description of the deposit service in
these Terms and note the following when using the Aspire LTD
deposit service:
-
Members can transfer/deposit Digital Assets to their deposit
products and receive deposit revenue.
-
The Digital Assets deposited in this product are transferred
to a cold wallet managed by the Company, transferred to Aspire
LTD trading team and external partners verified by Aspire LTD
, and used for trading and operation, or provided as corporate
loans of companies that have passed Aspire LTD 's own
standards and due diligence.
-
Earn (deposit interest) is automatically paid on a daily basis
based on the annual interest rate announced at the time of
product subscription.
-
Members can directly set the product subscription period
within the range of 15 to 365 days and can set their
subscription period to automatically renew through the
Auto-Renewal function.
-
Earn Rate fluctuates approximately on a two-week cycle and you
can check the changed interest rate on the service screen.
-
As for the Earn Rate of the product to which a Member has
subscribed, the interest notified at the time of the Member's
product subscription is applied during the product deposit
period.
-
After subscribing to a product, Members cannot make additional
deposits to the subscribed product.
-
Members are not allowed to move/transfer/withdraw deposit
assets during the subscription period agreed at the time of
product subscription, nor to drop out of product subscription
within the product subscription period contracted by the
Members, including the situation where the subscription period
is automatically extended/updated through the Auto-Renewal
function. However, if deposit interest (Earn) has been
generated, the Earn can be transferred to Aspire LTD Earn even
before the maturity date.
-
If a Member does not activate Auto Renewal, the Digital Assets
deposited by the Member are automatically transferred to
Aspire LTD Earn after the product expiration date set by the
Member when signing up for the product. It is not allowed to
withdraw directly from Aspire LTD Earn Plus products to an
external electronic wallet.
-
Aspire LTD reserves the right to stop or terminate the deposit
service.
-
Unless the law requires prior notice, we reserve the right to
temporarily or permanently remove online access and restrict
access to Aspire LTD products, including but not limited to
restricting the use of Aspire LTD products and/or closing
Aspire LTD products without prior notice. We shall not be
liable for such actions. In addition, Aspire LTD reserves the
right to hold or suspend the withdrawal of funds or assets
belonging to you if you fail to comply with these terms and
conditions.
-
This product/account shall not be transferred in whole or in
part to someone who is not a Member.
-
The Company is committed to ensuring that the Service
continues to operate without delay/stop. However, the Company
may limit or stop all or part of the Service:
-
If there are uncontrollable reasons like force majeure
including but not limited to war, rebellion, natural
disasters, or national emergency;
-
If normal Service is disrupted for reasons including power
outage, failure of facilities, or excessive server load;
-
If there are unavoidable circumstances due to construction
including but not limited to repair of service equipment;
-
If the Service cannot be otherwise provided due to various
circumstances of the Company.
-
The Company shall not be liable for any problems arising from
the change or suspension of the Services unless the Service
has been changed or suspended due to the Company's intention
or gross negligence.
-
In the event of a problem caused by the Company's gross
negligence, the Company shall compensate for damage caused by
such negligence up to the limit of the Company's assets.
Regarding compensation for damages, all claims shall be made
against the Company, and shall not extend to other individuals
or organizations, including Service Members, affiliates,
investors, employees, officers, agents, or advisors. We are
not responsible for your actions and the burden of all related
losses falls solely on you.
This service is an investment product that provides variable
returns depending on the operation performance through
investment management from the deposit date (date of product
subscription) to the product maturity date when a Member
deposits Digital Assets in this product. This may result in the
loss of the total amount of the investment deposited depending
on the investment performance. Members who use this investment
service shall be fully aware of the risks of investing in
Digital Assets and carefully determine their operations.
You agree that all investment activities performed in the
Service represent your true investment intent and that you
accept the potential risk of your investment decision. The
Company shall not be liable for any loss or damage arising from
the failure to recognize the risks associated with using the
Service or using Digital Assets.
By depositing, a Member enters into a contract to use the
Service and agrees to the terms and conditions for the product.
Members are recommended to check the description of the
investment service in these Terms and note the following when
using the Aspire LTD ment Service:
-
Members can transfer Digital Assets to their investment
products and receive deposit revenue.
-
The Digital Assets deposited in this product are transferred
to a cold wallet managed by the Company, transferred to
external partners verified by Aspire LTD , and used for
trading and operation.
-
Return on investment fluctuates depending on the operating
performance of the investment asset and we do not commit to a
specific rate of return.
-
This product has the risk of losing principal, and previous
operating results do not guarantee future profits.
-
The information used in the description and guidance of this
product is based on reliable data, but its accuracy and
completeness are not guaranteed.
-
Members are subscribed to the product by the end of the coming
quarter as of the date of deposit and can extend their
subscription period through the Auto-Renewal function.
-
Return on investment will be paid within 5 business days after
the product expiration date.
-
In the event of a return of more than 15% per year as of the
maturity date, this product shall incur a performance fee of
15% of the total investment return (based on the number of
Digital Assets) at the time of expiration of the product.
-
The fee for using the product will be notified at the time of
product subscription but may change depending on the
operational situation afterward.
-
Members are not allowed to withdraw deposit assets during the
subscription period agreed at the time of product
subscription, nor to drop out of product subscription within
the product subscription period contracted by the Members.
-
The Digital Assets deposited by a Member when signing up for
the product are automatically transferred to Aspire LTD Earn
after the payment date of the principal and interest of this
product. It is not allowed to withdraw directly from Aspire
LTD Earn Explore products to an external electronic wallet.
-
Aspire LTD reserves the right to stop or terminate the
investment service.
-
Unless the law requires prior notice, we reserve the right to
temporarily or permanently remove online access and restrict
access to Aspire LTD products, including but not limited to
restricting the use of Aspire LTD products and/or closing
Aspire LTD products without prior notice. We shall not be
liable for such actions. In addition, Aspire LTD reserves the
right to hold or suspend the withdrawal of funds or assets
belonging to you if you fail to comply with these terms and
conditions.
-
This product/account shall not be transferred in whole or in
part to someone who is not a Member.
-
The Company is committed to ensuring that the Service
continues to operate without delay/stop. However, the Company
may limit or stop all or part of the Service:
-
If there are uncontrollable reasons like force majeure
including but not limited to war, rebellion, natural
disasters, or national emergency;
-
If normal Service is disrupted for reasons including power
outage, failure of facilities, or excessive server load;
-
If there are unavoidable circumstances due to construction
including but not limited to repair of service equipment;
-
If the Service cannot be otherwise provided due to various
circumstances of the Company.
-
The Company shall not be liable for any problems arising from
the change or suspension of the Services unless the Service
has been changed or suspended due to the Company's intention
or gross negligence.
-
In the event of a problem caused by the Company's gross
negligence, the Company shall compensate for damage caused by
such negligence up to the limit of the Company's assets.
Regarding compensation for damages, all claims shall be made
against the Company, and shall not extend to other individuals
or organizations, including Service Members, affiliates,
investors, employees, officers, agents, or advisors. Our
liability for your claims is limited to the face value of the
item or transaction or to the actual value of funds that have
not been properly deposited or withdrawn. We are not
responsible for you and the burden of the loss falls on you.
We provide a swap service where a Member can swap one Digital
Asset for another. Members who use the swap service shall agree
that all swap activities performed in the Service represent
their true intent and that they accept the potential risk of
their decision.
By using Aspire LTD Switch, the Member enters into a service use
agreement and agrees to the terms and conditions for the
product. Members are recommended to check the description of the
swap service in these Terms and note the following when using
the Aspire LTD Switch (beta) service:
-
Members can swap Digital Assets deposited in Aspire LTD Earn
account for another Digital Asset funded in the Aspire LTD
Marketplace.
-
Members can become liquidity providers of Aspire LTD Switch by
funding their Digital Assets to the Aspire LTD Marketplace.
The amount of Digital Assets funded to the Aspire LTD
Marketplace determines the Fill Rates, a variable ratio of the
current Marketplace pool reserve to the standard pool reserve.
-
When swap occurs, the Market fees are allocated to all Switch
liquidity providers in proportion to the amount of their
Digital Assets funded to the Aspire LTD Marketplace.
-
The accurate swap rate and amount is determined upon the
confirmation of transaction and may differ from what is shown
in the Switch request page as an estimate.
-
Aspire LTD reserves the right to stop or terminate the swap
service.
-
Unless the law requires prior notice, we reserve the right to
temporarily or permanently remove online access and restrict
access to Aspire LTD products, including but not limited to
restricting the use of Aspire LTD products and/or closing
Aspire LTD products without prior notice. We shall not be
liable for such actions. In addition, Aspire LTD reserves the
right to hold or suspend the withdrawal of funds or assets
belonging to you if you fail to comply with these terms and
conditions.
-
This product shall not be accessed in whole or in part to
someone who is not a Member.
-
After the beta period, the Company is committed to ensuring
that the Service continues to operate without delay/stop.
However, the Company may limit or stop all or part of the
Service:
-
If there are uncontrollable reasons like force majeure
including but not limited to war, rebellion, natural
disasters, or national emergency;
-
If normal Service is disrupted for reasons including power
outage, failure of facilities, or excessive server load;
-
If there are unavoidable circumstances due to construction
including but not limited to repair of service equipment;
-
If the Service cannot be otherwise provided due to various
circumstances of the Company.
-
The Company shall not be liable for any problems arising from
the change or suspension of the Services unless the Service
has been changed or suspended due to the Company's intention
or gross negligence.
-
In the event of a problem caused by the Company's gross
negligence, the Company shall compensate for damage caused by
such negligence up to the limit of the Company's assets.
Regarding compensation for damages, all claims shall be made
against the Company, and shall not extend to other individuals
or organizations, including Service Members, affiliates,
investors, employees, officers, agents, or advisors. We are
not responsible for your actions and the burden of all related
losses falls solely on you.
-
By registering your account with the Service, you are agreeing
to provide personal information necessary for identification.
Such information may be used to verify the identity of the
user and for other legitimate purposes, including but not
limited to identifying traces of tax laundering, terrorist
financing, fraud, and other financial crime.
-
Identity verification requires a government-issued ID card to
identify an individual. Other requirements may include your
legal name, email address, contact information, date of birth,
photo with face, and proof of residence. The Company may
entrust the identity verification to a third party that
specializes in identity verification.
When providing such information, Members should ensure that it
is true and correct. Members represent and warrant that all
information provided to us in accordance with these Terms is
true, accurate, and in no way misleading. If such information
changes, you are required to update it as soon as possible.
-
The Company may provide Members with various information such
as service-related information deemed necessary for using the
Service and customized service information for each Member
through email or text message (SMS/LMS), or post on the web
page of the Service. In addition, if a Member does not want to
receive various information such as service-related
information provided by the Company, customized service
information for each Member, or advertisement information, the
Member can opt out of receiving unsolicited email on the
Settings page or through email.
-
In order to maintain the Service, the Company may place
advertisements in the space exposed when using the Service or
in media operated by other advertisement providers, and the
Members agree to the publication of these advertisements.
-
The Company shall not be liable for any loss or damage arising
from the participation, communication, or transaction of
Members in activities related to advertisements posted by a
third party in accordance with Paragraph 2.
-
The Company may provide advertisements using personal
information lawfully collected from Members using e-mail, text
message (SMS/LMS), or other means. Members who do not want to
see these messages may opt out of receipt on the Settings page
or through -email.
-
In relation to the provision of information and advertisements
above, the Company shall comply with the terms and conditions
of the platform operators providing the information to the
Company and the Terms of the Company.
-
The copyright and intellectual property rights for the Service
shall be vested in the Company.
-
In relation to the Service, the Company only grants a Member
the right to use the Service according to the Terms of
Service, and the Member shall not dispose of it, including but
not limited to transferring, selling, or providing collateral.
-
Members shall not use, or have third parties use, materials
posted on the Service for profit-making purposes, including
but not limited to processing and selling information obtained
by using the Service.
-
Members can apply for Membership withdrawal from the Service
at any time through the contact information notified by the
Company, and the Company will proceed with the withdrawal
process accordingly.
-
If a Member terminates the Use Agreement, the Company shall
delete the Member's account data, except when it is necessary
to retain Member information in accordance with applicable
laws and regulations.
-
The Member shall bear any disadvantages arising from the
termination of the Use Agreement, and upon the termination of
the Use Agreement, the Company may withdraw various free
benefits additionally provided to the Member.
-
The Company may terminate the Use Agreement:
-
If a Member intentionally interferes with the Company's
business;
-
If a Member interferes or attempts to interfere with the
smooth progress of the Service;
-
If a Member violates other Members' rights, honor, credit,
or other legitimate interests or commits an act that
otherwise violates social order;
-
If a Member violates these Terms or if a reason for
termination specified in these Terms occurs;
-
If it is confirmed that a Member fails to give consent to
the Use Agreement as specified in these Terms;
-
If it is deemed necessary to refuse to provide Services
according to the Company's reasonable judgment.
-
If the Company terminates the Use Agreement, the Company will
notify the Member of the reason for termination by email or
through similar means. In this case, the Company shall set a
reasonable period of time before termination and give the
Member an opportunity to object. However, the Company may not
grant the period of objection if the Company sets separate
reasons in these Terms and Operation Policy.
-
If the Use Agreement is terminated by the Company, the Company
may refuse to approve the Member's re-application.
-
Liability for all damages related to the termination of the
Use Agreement shall lie with the Member whose Use Agreement
has been terminated, and the Company shall not be liable
unless otherwise specified in the relevant laws and
regulations.
-
In the event of damage to a Member due to a defect in the
Service, the Company shall compensate only the actual damage
to the Member. However, we are not responsible for any damages
to Members for reasons other than the Company's intention or
negligence.
-
If a Member damages the Company due to a violation of the
obligations of these Terms, or if a Member damages the Company
in connection with the use of the Service, the Member shall
compensate the Company for such damages.
-
Members shall indemnify the Company at their own
responsibility and expense, from and against any objections,
claims for damages, or legal actions by third parties other
than the Members based on a claim arising from or relating to
acts performed by Members while using the Service illegally or
in violation of these Terms. If the Company is not
indemnified, the Member is responsible for reimbursing any
damage to the Company caused thereby.
-
If the Company is unable to provide the Service due to natural
disasters or force majeure, the Company will be exempted from
the responsibility for providing the Service.
-
The Company shall not be liable for the suspension of the
Service or the failure to use the Service for reasons
attributable to the Member, and shall be exempted from
liability if the telecommunications service provider
terminates the telecommunication service or fails to provide
the service normally.
-
In the case of checking the Company's server for Service
provision, the Company will be exempted from liability for
delays in service provision and other related events.
-
The Company is not responsible for any unavoidable obstacles
or service limitations arising due to the characteristics of
Digital Assets including technical limitations or defects
inherent to the digital asset issuance management system.
-
Content provided by the Company or other information providers
in the Service or by Member's email does not suggest or imply
any investment. The information posted and transmitted may
have errors and other inaccuracies, and we are not responsible
for the reliability, accuracy, etc. thereof.
-
The Company shall not be held liable for any transactions or
other dealings between Members or between a Member and a third
party by means of the Service.
-
The Company is not responsible for the use of any services
provided for free unless otherwise specified in the relevant
laws and regulations.
Legal actions between the Company and Members are governed by
the law of Singapore. Unless otherwise specified in the relevant
laws and regulations, the courts of Singapore shall have
jurisdiction over any dispute between the Company and Members.
Any part, provision, representation or warranty of this
Agreement which is prohibited or which is held to be void or
unenforceable shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the
remaining provisions hereof. Any part, provision, representation
or warranty of this Agreement which is prohibited or
unenforceable or is held to be void or unenforceable in any
jurisdiction shall be ineffective, as to such jurisdiction, to
the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction as to any
Mortgage Loan shall not invalidate or render unenforceable such
provision in any other jurisdiction. To the extent permitted by
applicable law, the parties hereto waive any provision of law
which prohibits or renders void or unenforceable any provision
hereof. If the invalidity of any part, provision, representation
or warranty of this Agreement shall deprive any party of the
economic benefit intended to be conferred by this Agreement, the
parties shall negotiate, in good-faith, to develop a structure
the economic effect of which is as close as possible to the
economic effect of this Agreement without regard to such
invalidity.
Company contact information is as follows:
-
Email address: support@aspire-limited.com
These Terms shall take effect from 18 March, 2021 (Last revised:
2 August, 2021).