Staking Terms & Conditions

Full $HIT Staking T&Cs

Staking Terms

Welcome to Addix

These Terms of Service govern the use of the website and hosted online platform located at: www.addix.meme (hereby referred to as "Site"). The Addix token (HIT) was created to allow holders of HIT to participate in meme token culture on the Radix blockchain ecosystem and to help promote awareness of the Radix Ecosystem and in its entirety. The staking platform on our Site aims to provide a staking service to allow you to stake your HIT and receive rewards for community participation in accordance with the token distribution timeframe detailed in Emission Schedule, and these Terms of Service.

The Addix project is a social experiment intended solely for entertainment purposes. No promises are made of utility outside of participating in the broader meme culture (as merely a token holder) and for staking on the Site. HIT must not be acquired by you or any other person for financial or investment purposes.

You acknowledge and agree that by acquiring or staking HIT, you are at risk of losing all of your funds. Lost funds are not recoverable.

It is your responsibility to undertake your own investigations and enquiries in relation to the legal status of HIT before acquiring or interacting with the Site.

You must only stake HIT on our Site. The Site may not prohibit you from staking other tokens, however, such tokens may be irretrievably lost if they are mistakenly sent to the staking contract.

1. Distribution

HIT staking rewards will be as follows:

127.5 B HIT - DISTRIBUTION PERIOD OF EIGHT YEARS

Amount Timeframe

961.5 M HIT Paid weekly initially, decreasing to 120.2 M Paid weekly. This will take place according to our Emission Schedule.

Contract address resource_rdx1thhxseekkanlykgpa5zxz77g2slpv462stkl3hcx4pytjcupd0qj5f

2. Acceptance and Variation of Terms

Your permission to access and use our Site is conditional upon you agreeing to the terms and conditions set out below (Terms). You must read these Terms carefully.

By connecting your digital wallet to the Site, or using the Site, you accept, or are deemed to have accepted (as the case may be), all of these Terms, as varied, modified or amended by us moving forward.

You agree that these Terms are legally enforceable and binding in the same manner as any written negotiated contract bearing your signature or seal. If you do not agree with these Terms, you must not create an account and must not access or use any part of our Site.

We reserve the right to modify, permanently or temporarily disable, or discontinue any part of our Site and to alter, amend or withdraw any part of these Terms, or any information or material appearing on our Site at any time, without liability or further notice to you. Your continued use of our Site will constitute an automatic acceptance of any alterations, withdrawals or amendments made by the team.

3. Legal Status of Digital Assets

The legal status of cryptographic coins, tokens, and other digital assets (Digital Assets) remains uncertain in many countries and jurisdictions around the world. We take no formal position on the legal status of any Digital Asset, including HIT.

4. Third Party Digital Asset Marketplaces

HIT may in future be supported by third party Digital Asset decentralised exchanges to facilitate the exchange or trading of HIT on the secondary market (Third Party Marketplaces). We have no influence or control over such Third-Party Marketplaces, or the secondary market for Digital Assets, and we do not endorse, recommend, or make any statements, representations, warranties or guarantees (Representations) whatsoever in relation to the legal status or development of any Third-Party Marketplaces.

5. Acceptable Use

You agree that you are only authorised to use our Site for your own personal use only.

Unless otherwise approved by the team, you must not use our Site:

(a) for any purpose for which it is not intended; and

(b) for any illegal purpose or activity, including but not limited to any act which causes, or may be likely to cause, physical harm to any person.

You agree not to use the Site to do any of the following:

(a) distribute malware or viruses;

(b) send unsolicited communications, promotions or advertisements (commonly referred to as spam);

(d) send anything that is fraudulent, misleading, or infringes a third party’s rights;

(e) impersonate or misrepresent your affiliation with any person or entity; or

(f) breach any law, violate the privacy of a third party, or defame a third party.

6. Restricted International Users

Your access to and use of the Site may be subject to international export controls and financial export requirements. By accessing or using our Site, you declare and undertake that you are aware of and subject to these requirements. Without limitation, you are not entitled to access or use the Site if:

(a) you are a citizen or resident, or you intend to supply any Digital Asset to any citizen or resident, of Cuba, Iran, North Korea, Singapore, Sudan or Syria or any other country subject to United States of America (US) embargo, United Nations sanctions, the Her Majesty’s Treasury of United Kingdom (HM) financial sanctions regime;

(b) you are on the list of specific citizens published by the US Ministry of Finances, or the list of people denied by the US Ministry of Trade, a non-verified list, or a person subject to the HM financial sanctions regime, or you intend to supply any Digital Asset to any such person; or

(c) any resident of Afghanistan, American Samoa, persons who threaten the international stabilisation efforts of the Western Balkans, Belarus, Burma, Central African Republic, Cuba, Democratic Republic of Congo, Hong Kong, Iran, Iraq, Lebanon, Libya, Magnitsky, Mali, Nicaragua, North Korea, Russia, Singapore, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Virgin Islands (U.S.),

Yemen, Zimbabwe, or any other person subject to sanctions as published by the United States Office of Foreign Assets Contract (OFAC).

7. Content

All text, images, audio recordings, video recordings, interactive media, and other information and content (Content) hosted or made available on or through our Site is provided:

(a) for general information purposes only; and

(b) without any regard whatsoever to the personal circumstances of any person.

No content hosted or made available on or through our Site is intended to constitute advice (financial or otherwise) regarding any share, security, or financial product or instrument, or an offer, solicitation, recommendation, or invitation, to buy, sell or deal in any way with any of those things.

The Addix project is a social experiment intended for entertainment purposes only and is not intended for financial or investment purposes. We strongly urge all persons not to acquire HIT tokens or otherwise participate in our community for financial or investment purposes.

8. Risk

8.1 Digital Assets Generally

Acquiring, disposing, or otherwise interacting with, Digital Assets involves the use of sophisticated computer hardware and software, the correct use of which requires a significant level of understanding of the underlying technologies and innovations. As such hardware and software is in its infancy, using it comes with considerable risks, including but not limited to:

(a) user error;

(b) hardware or software failure or malfunction; and

All Digital Asset transactions or transfers are undertaken by you at your own risk and expense. We accept no responsibility or liability in relation to:

(d) transaction fees incurred by you in executing each and every transaction;

(e) any delayed or failed transaction due to congestion on any Digital Asset network;

(f) any failed or mistaken transactions due to human error

(g) any fluctuations in the market price or value of any Digital Asset used to pay transaction fees.

9. Acknowledgements and Warranties

By using our Site, you agree and:

(a) acknowledge we do not set or influence the price (if applicable) of HIT on the secondary market, whether through a Third-Party Marketplaces, or otherwise;

(b) warrant that you are aware of applicable laws and regulations governing your use of the Site. You are solely responsible for ensuring compliance with any applicable laws and any liability that may arise due to a breach of your obligations in this regard;

(c) acknowledge we do not make any Representations whatsoever in relation to the market price or value of HIT at any point in time or over time; and

(d) acknowledge you are solely responsible for your own purchasing and financial decisions.

10. Staking on the Site

In order to access and use our Site you acknowledge and agree:

(a) you must use a Radix compatible digital wallet with our Site. Wallets are made available by unrelated third-party service providers. We are not responsible for any damage, loss, cost, liability, expense, injury or death of any kind and however arising including penalties, fines and interest whether prospective or contingent and any amounts that for the time being are not ascertained or ascertainable (Loss) that may arise from your use, misuse, or non-use of any third party wallet or other software;

(b) it is your responsibility to ensure your computer or mobile device meets all the necessary requirements to enable you to access and use the Site;

(c) you are solely responsible for the payment of any transaction costs (such as gas fees) associated with any transactions which you initiate on our Site;

(d) that it is your complete and sole responsibility for staking and unstaking HIT on our Site;

(e) upon the end of each Distribution, you may unstake any HIT on our Site or keep your HIT staked for the duration of the Distribution period;

Your ability to acquire or stake HIT may be regulated under the laws of certain countries or jurisdictions, such as anti-money laundering and counter-terrorism financing laws (Relevant Laws). You acknowledge and agree that we may, in our sole absolute discretion, do all acts and things which are necessary or desirable to comply with the law, including but not limited to the following as they relate to staking:

(a) blocking, cancelling, or reversing staking transactions;

(b) freezing assets, or preventing access to them by you, or any other person; and

You agree that we may determine, in our sole absolute discretion, the systems, methods, processes and procedures, by which we facilitate staking of HIT.

While we make no claim whatsoever to any of your staked HIT (which we consider to be yours), you acknowledge and agree that it is possible that, under Relevant Laws:

(a) you may be deemed to transfer or dispose of the ownership of any HIT which are staked; and

(b) your right to recover possession of HIT cannot be assumed, and may be absent, or limited, and in any event subject to the terms of our staking smart contract.

Despite any other provision of these Terms, you acknowledge and agree that we may, in our sole absolute discretion, take any action which we consider necessary or desirable to protect staked HIT, or otherwise serve the interests of our users as a whole.

11. No Interference

You agree that you will not:

(a) use our Site in any way that could damage our reputation or goodwill;

(b) permit any person to access and use our Site other than in accordance with these Terms;

(c) except to the extent that any applicable laws (including but not limited to copyright laws) prevent us from restraining you from doing so:

(i) reproduce, make error corrections to or otherwise modify or adapt our Site or create any derivative works based upon our Site; or

(ii) decompile, disassemble or otherwise reverse engineer our Site or permit or facilitate any third party to do so;

(d) when accessing and using our Site:

(i) attempt to undermine the security or integrity of our computing systems or networks or, where our Site is hosted or operated by a third party, the third party's computing systems and networks;

(ii) use, or misuse, our Site in any way which may impair its functionality, or the functionality of any other system used to deliver our staking service on the Site, or impair the ability of any third party to lawfully use our Site;

(iii) attempt to gain unauthorized access to any materials other than those to which you have been given express permission to access or to the computer system on which our Site is hosted or stored;

(iv) transmit, or input into our Site any information, data, files or other material that may damage any other person's computing devices or software, may be offensive, or which is in violation of any law (including material protected by copyright or trade secrets which you do not have the right to use);

(v) attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to deliver or operate our Site, except as is strictly necessary to use either of them for normal operation;

(vi) remove or modify any program markings or any notice of proprietary rights, including those of any third party;

(vii) use any automated processes or means to access our Site;

(viii) use any software or manual repetition that will or is likely to interfere with our Site; or

(ix) attempt to cause stress or detriment to the proper working of our Site, such as by:

(A) acting in any way likely to cause an unreasonable strain to the infrastructure of our Site;

(B) reloading or refreshing transaction pages more than once every 5 seconds; or

12. Availability

We will use our best endeavors to ensure that our Site is accessible on a continuous basis, 24 hours a day, seven days a week. However, we may, without notice, suspend all or part of any access to our Site immediately.

We do not warrant that any part of our Site is or will be completely error free or free of defects. Our Site uses experimental and nascent technology which may be untested from a functional and/or security perspective. We are not responsible for any Loss to property or persons incurred as a result of the use by any person of any parts of our Site, including staking.

13. Copyright

Except as expressly stated by us, the information and Content contained within our Site (including its coding, wording, design, graphics and logos) are owned by Addix or our affiliates and are protected by United Kingdom and International copyright and trademark laws (as applicable).

14. Intellectual Property

You acknowledge and agree that we or our affiliates own all rights, title and interest, including intellectual property rights and moral rights (IP Rights) in our Site, the Addix image, appearance, brand, and public presentation (including all associated images, text, audio, video and other Content), and any content hosted or made available on or through our Site (including content produced or provided by other users), and that nothing in these Terms has the effect of, or should be construed as having the effect of, passing ownership of any such IP Rights, or those of any third party, to you or any other person whatsoever.

You further acknowledge and agree that we at all times retain ownership of all IP Rights created by or for us (whether or not related to our Site and whether created before or after the commencement of our agreement with you under these Terms) and, to the extent that any such IP Rights vest in you (by operation of law or otherwise), you hereby irrevocably assign, transfer and dispose of all such IP Rights to us with effect immediately upon such rights arising or vesting in you (as the case may be). To the extent that such assignment, transfer or disposal is not possible under the law, you irrevocably grant us a royalty-free, perpetual, worldwide licence to use, reproduce, modify, redevelop, sublicense, exploit and commercialise all such IP Rights as we see fit.

You must not knowingly do any act or thing in relation to data which would infringe any third party’s IP Rights. You are solely responsible for obtaining any consent, approval, authority or licence from the holders of any IP Rights required to enable you to deal with any relevant data or to do any act or thing in relation to those IP Rights.

15. Consequences for Violation

If you violate these Terms in any way, you agree that we may in our sole discretion and without notice to you:

(a) take any legal action we may have available against you;

(b) block your use of our Site;

(d) disclose information about you and your use of the Site for investigation by any enforcement body for your unlawful activity.

You agree that monetary damages may not be sufficient where your actions cause damage to us, whether by tarnishing our goodwill, or causing financial loss, and in such a case you

consent to us obtaining injunctive or other equitable relief against you as a consequence of your violation.

16. DISCLAIMER

OUR SITE IS DELIVERED ON AN ‘AS IS’ AND ‘AS AVAILABLE’ BASIS, SUBJECT TO ALL LATENT AND PATENT DEFECTS (IF ANY). IN THIS CONTEXT, WE DO NOT WARRANT THAT OUR SITE WILL BE ERROR-FREE OR UNINTERRUPTED.

WHILST ALL DUE CARE HAS BEEN TAKEN IN PROVIDING SERVICES ON OUR PLATFORM, TO THE GREATEST EXTENT PERMITTED BY LAW:

(A) WE MAKE NO REPRESENTATIONS, AND WE DO NOT GIVE ANY WARRANTIES OR MAKE ANY GUARANTEES, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, INCLUDING BUT NOT LIMITED TO FINANCIAL OR INVESTMENT PURPOSES, WHETHER OR NOT SUCH USE OR PURPOSE IS DESCRIBED BY YOU TO US OR OUR REPRESENTATIVES PRIOR TO THESE TERMS TAKING EFFECT; AND

(B) ANY CONDITION, GUARANTEE, OR WARRANTY WHICH WOULD OTHERWISE BE IMPLIED INTO THESE TERMS AND CONDITIONS IS EXCLUDED.

ALL DUE CARE IS TAKEN IN ENSURING THAT OUR SITE IS FREE OF ANY VIRUS, WORM, TROJAN HORSE AND/OR MALWARE, HOWEVER WE ARE NOT RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR DEVICE WHICH ARISES IN CONNECTION WITH YOUR USE OF OUR SITE OR ANY THIRD-PARTY SITE.

17. LIMITATION OF LIABILITY

YOU ACKNOWLEDGE AND AGREE THAT, TO THE GREATEST EXTENT PERMITTED BY LAW:

(A) YOU ACCESS AND USE OUR SITE, AND ANY SYSTEM OPERATED BY US (INCLUDING BUT NOT LIMITED TO SMART CONTRACTS) AT YOUR OWN RISK AND EXPENSE; AND

(B) YOU ARE SOLELY LIABLE FOR YOUR OWN ACTS, OMISSIONS AND NEGLIGENCE.

YOU ACKNOWLEDGE AND AGREE THAT, TO THE GREATEST EXTENT PERMITTED BY LAW, WE ARE NOT LIABLE FOR ANY LOSS (AS THAT TERM IS DEFINED IN THESE TERMS) TO PROPERTY OR PERSONS AS A RESULT OF, WHETHER DIRECTLY OR INDIRECTLY:

(A) ANY WILFUL ACT, OMISSION OR NEGLECT BY YOU, OR ANY OTHER PERSON;

(B) THE USE, NON-USE OR MISUSE OF OUR SITE BY YOU, OR ANY OTHER PERSON;

(D) THE ACQUISITION, HOLDING, OR DISPOSAL OF ANY DIGITAL ASSET (INCLUDING HIT) BY YOU, OR ANY OTHER PERSON;

(E) ANY LOSS OF FUNDS RESULTING FROM MALICIOUS ATTACKS AGAINST US OR OUR AFFILIATES, INCLUDING BUT NOT LIMITED TO, CYBER-ATTACKS, HACKING, PHISHING, AND FRAUD;

(F) ANY BREACH OF THESE TERMS BY YOU, OR ANY OTHER PERSON.

TO THE GREATEST EXTENT PERMITTED BY LAW, IN NO CIRCUMSTANCES WILL OUR LIABILITY EXCEED THE TOTAL OF ALL MONIES PAID BY YOU TO US IMMEDIATELY BEFORE THE EVENT OR SERIES EVENTS GIVING RISE TO THE RELEVANT CLAIM.

18. INDEMNITY AND RELEASE

18.1 INDEMNITY

TO THE GREATEST EXTENT PERMITTED BY LAW, YOU WILL AT ALL TIMES INDEMNIFY AND KEEP INDEMNIFIED US AND OUR RESPECTIVE OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS AND REPRESENTATIVES FROM AND AGAINST ANY AND ALL LOSS (AS THAT TERM IS DEFINED IN THESE TERMS) (INCLUDING LEGAL COSTS AND EXPENSES ON AN ATTORNEY AND OWN CLIENT BASIS) INCURRED BY ANY OF THOSE INDEMNIFIED OR RELEASED (AS THE CASE MAY BE) ARISING FROM ANY ACTION, CLAIM, DEMAND, SUIT, OR PROCEEDING MADE OR BROUGHT BY ANY PERSON AGAINST ANY OF THOSE INDEMNIFIED OR RELEASED (AS THE CASE MAY BE) WHERE SUCH LOSS AROSE OUT OF, IN CONNECTION WITH, OR IN RESPECT OF:

(A) ANY WILFUL ACT, OMISSION OR NEGLECT BY YOU;

(B) YOUR USE, NON-USE OR MISUSE OF OUR SITE;

(D) ANY BREACH OF THESE TERMS BY YOU.

18.2 RELEASE

YOU RELEASE US AND OUR RESPECTIVE OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS AND REPRESENTATIVES FROM ALL LIABILITY IN RELATION TO THE FOLLOWING MATTERS:

(A) ANY WILFUL ACT, OMISSION OR NEGLECT BY YOU, OR ANY OTHER PERSON;

(B) THE USE, NON-USE OR MISUSE OF OUR SITE BY YOU, OR ANY OTHER PERSON;

(D) THE ACQUISITION, HOLDING, OR DISPOSAL OF ANY DIGITAL ASSET (INCLUDING HIT) BY YOU, OR ANY OTHER PERSON;

(E) POSTEDANY LOSS OF FUNDS RESULTING FROM MALICIOUS ATTACKS AGAINST US OR OUR AFFILIATES, INCLUDING BUT NOT LIMITED TO, CYBER-ATTACKS, HACKING, PHISHING AND FRA

(F) ANY BREACH OF THESE TERMS BY YOU, OR ANY OTHER PERSON.

19. CLASS ACTION WAIVER

TO THE GREATEST EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU MAY ONLY BRING A CLAIM AGAINST US IN YOUR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PUTATIVE CLASS, COLLECTIVE AND/OR REPRESENTATIVE PROCEEDING, AND YOU HEREBY WAIVE YOUR RIGHT TO DO SO.

20. General

20.1 Entire Agreement

These Terms contain the entire agreement between the parties about its subject matter. Any previous representation, understanding, arrangement, agreement, or warranty relating to that subject matter is superseded by these Terms.

20.2 Jurisdiction

This Agreement is governed by the laws of the United Kingdom of Great Britain and Northern Ireland and each party submits to the non-exclusive jurisdiction of the courts of the United Kingdom & Northern Ireland.

20.3 Severability

Any provision of these Terms that is illegal, void or unenforceable will be read down or severed so as to preserve the remainder of these Terms which will continue in full force and effect.

20.4 Waiver

A failure or delay in the exercise or enforcement of any right, power or remedy available by law or under these Terms by any party will not in any way preclude, or operate as a waiver of, any exercise or enforcement of that or any other right, power or remedy. All waivers must be expressly given in writing to be effective and binding. No waiver of a breach of any provision of these Terms will operate as a waiver of another breach of that provision or of a breach of any other provision of these Terms.

21. Rules of Interpretation

Unless the context otherwise requires, any terms in these Terms defined in bold text, quotation marks, parentheses or by context, have the meaning allocated to them wherever they appear in these Terms, if applicable.

The following rules also apply to the interpretation of these Terms, except where the context otherwise requires:

(a) the singular includes the plural and vice versa;

(b) words of any gender include all genders;

(d) a reference to a clause, paragraph, schedule, annexure, or appendix is a reference to a clause or paragraph of, and a schedule, annexure, or appendix to these Terms;

(e) a reference to a document includes the document as novated, varied, or substituted from time to time;

(f) a reference to a person includes a natural person, partnership, body corporate, association, joint venture, and governmental body, authority, agency or other entity;

(g) a reference to a party is a reference to a party to these Terms and includes the party’s executors, administrators, successors, permitted substitutes (including by novation) and permitted assigns;

(h) a reference to two or more persons is to any of them together and each of them individually;

(i) a reference to legislation or regulations includes all delegated legislation made under it and amendments, consolidations, replacements or re-enactments of any of them;

(j) ‘including’ and similar expressions do not limit the generality of any provision of these Terms;

(k) a rule of construction does not apply to the disadvantage of a party because the party was responsible for the preparation of these Terms or any part of it; and

(l) a reference to $, USD$, dollar or $ is to United States of America currency;

(m) headings and table of contents are for ease of reference only and do not affect interpretation.

PreviousHIT SQUAD

Last updated 3 months ago