The following are our terms of service (TOS). We will be jointly bound by the TOS and establish the legal relation of rights and obligations based on the TOS due to your operation on XT.com.
Please read the contents of the TOS carefully to fully understand the Agreement. If you have any questions about the content of the Agreement, please do not continue.
You acceptance of the Agreement indicates you have fully understood all the terms of the Agreement and agreed to sign the Agreement with us. If you have any doubts or objections to the contents of the Agreement before signing it, please contact us. We will help you fully understand the Agreement, then you can decide whether to accept this Agreement.
1.Service contents and modes
1.1 The period validity of the storage space service is 365 days, form the first day when Filecoin mainnet goes live to the 365th day.
1.2 Service modes
1.2.1 You do not need to pay additional fees for electricity, custody, operation and maintenance during the service period, and XT.com shall launch the Filecoin mainnet and provide the entirely professional operation and maintenance according to the Agreement;
1.2.2 The period for installation and commissioning: Within 60 days from the date you purchase our service;
1.2.3 Transparent query: You can check the hashrate income generated by the service via your account at XT.com;
1.2.4 Payment mode: According to your effective share of the overall storage space service proportional allocation, XT.com charges 20% management fees.
1.2.5 income distribution: The hashrate income generating in previous 24 hours shall be settled and distribute to your account every day.
2.Rights and obligations of both parties
To protect the legal rights of you and XT.com, on the basis of equality and mutual benefit, and after consultation between the two parties, you and XT.com have reached the following responsibility standards on the Agreement:
2.1 Differing from general consumer electronics, the storage space service is customized according to customer needs. Please choose carefully, because there will be no refund once the Agreement is reached;
2.2 XT.com shall distribute the hashrate income to your designated account on time after Filecoin goes online. If Filecoin does not have any output since launched, you will get the full refund.
3.The change, termination and transfer of rights and obligations in the Agreement
3.1 Change in the Agreement
We reserve the right to modify the contents of the Agreement such as transaction methods and custodian duration from time to time according to market, if it is considered reasonable or necessary based on the principle of good faith.
3.2 Termination in the Agreement
In the process of using our service, if the following situations occur, XT.com can unilaterally terminate this agreement:
1)Your account is canceled for any reason;
2)You use other people's name or misappropriate other's account to use the service;
3)You use the service for illegal purpose;
4)You engage in any behavior that may infringe the system and data of XT.com;
5)You violate any items according to China’ s laws and regulations;
6)The regulatory agency declares that the services provided by XT.com no longer meet the relevant regulatory requirements;
7) In addition to the above reasons, we can terminate the provision of certain services to you according to the risks and the needs of our business operations. At that time, XT.com will make announcements or notifications as appropriate. Given that this is normal business decision-making behavior, if you, therefore cannot access the service or the service is restricted, you shall understand that we are not responsible for this.
3.3 Transfer of rights and obligations in the Agreement
Based on the needs of the service of XT.com , XT.com can change or add the performing entity. If you continue to use the service, you will be deemed to agree to the changed entity or the newly added entity as the counterparty to whom you perform.]
During the performance of the Agreement, all disputes and disputes arising from or related to the Agreement shall be resolved by negotiation first. When the negotiation does not work, the two parties unanimously agree to submit to the court where the defendant is located for settlement through litigation.
During the performance of the Agreement, the written notices we send to you include paper notices, website announcements, emails, SMS and faxes.
The attachments and various additions, amendments or changes of the Agreement are an integral part of the Agreement and have the same legal effect.