Service Agreement
This service terms/agreement is only applicable and effective for Huione Chain ICO related services!
1. Introduction
Welcome to Huione Chain. By accessing and using our services, you agree to comply with and be bound by the following User Agreement. This agreement governs your use of Huione Chain's platform, services, and any associated digital assets or blockchain features.
2. Definitions
Huione Chain: A Layer-1 blockchain platform that supports decentralized applications (dApps), smart contracts, and digital asset transactions.
BVI Airdrop Mechanism: Behavior Value Incentive Airdrop system that rewards users based on their interactions and activities within the network.
GV (Good Vibes): The measurement unit for the BVI airdrop mechanism, where every transaction, interaction, and activity on the chain generates GV. GV is used to track user engagement and contributions, which in turn influence rewards.
USDH: The stablecoin used in the Huione Chain ecosystem.
Staking: Locking of USDH for rewards generation based on contribution and time duration.
3. User Responsibilities
By using Huione Chain, you agree to:
Provide Accurate Information: You are required to provide truthful, accurate, and up-to-date information when registering for an account or using the platform.
Compliance with Laws: You must adhere to local laws and regulations related to blockchain, cryptocurrency, and financial transactions.
Ethical Behavior: Users must not engage in activities such as market manipulation, fraud, money laundering, or illegal use of the platform.
Private Key Security: Users are responsible for safeguarding their private keys, which are essential for accessing digital assets on the Huione Chain. Huione Chain will not be liable for any loss resulting from the misuse or theft of private keys.
4. Platform Usage
Eligibility: Users must be at least 18 years old to participate on the platform.
Account Security: You are responsible for maintaining the confidentiality of your account details, including passwords and private keys. Any activity performed using your account will be deemed to have been done by you.
Transaction Fees: Every transaction on the Huione Chain is subject to fees (e.g., gas or mining fees). Users are responsible for ensuring sufficient balance to cover these costs before initiating transactions.
Blockchain Risks: Transactions on the Huione Chain are recorded on a decentralized ledger. These transactions are immutable and cannot be canceled once confirmed. Users should ensure the correctness of their transaction details.
5. BVI Airdrop Mechanism
BVI Overview: Huione Chain utilizes the BVI Airdrop Mechanism to incentivize users for their interactions on the platform. GV (Good Vibes) is generated based on four main actions:
Transaction Volume: The number of transactions conducted on the Huione Chain.
Transaction Amount: The value of USDH transacted.
Staking of USDH: The amount and duration of USDH staked.
Minting of USDH: Conversion of other cryptocurrencies (e.g., USDT, ETH, BTC) into USDH.
Rewards Distribution: GV is calculated at the end of each epoch. Based on the user’s GV, rewards will be distributed in the form of HC (Huione Coin).
Eligibility for Rewards: Users must maintain an active account and participate in BVI activities to qualify for rewards.
6. Node Participation
Project Node: By staking 10,000 USDT, users can become a Project Node. This entitles them to engage in higher-tier activities, such as validating transactions and earning more GV.
Organization Node: Users can become Organization Nodes by staking 5,000 USDT and transferring at least 0.01 HC to their address, establishing a binding relationship. Organization Nodes can recruit others and earn rewards based on collective activities.
Personal Node: Individuals who stake 1,000 USDT can become Personal Nodes, allowing them to earn rewards for their personal contributions to the network.
7. Staking and Minting of USDH
Staking: Users can stake USDH on Huione Chain. The amount of USDH staked and the length of the staking period directly influence the rewards earned under the BVI mechanism.
Minting USDH: Users can mint USDH by exchanging USDT, ETH, or BTC. The minted USDH contributes to GV generation and rewards calculation.
8. Intellectual Property
All content, including logos, data, and intellectual property on Huione Chain, is protected by applicable copyright laws. Users may not copy, distribute, or use any materials from the platform without prior written consent from Huione Chain.
9. Risk Acknowledgement
Users acknowledge the risks associated with using blockchain technology and digital assets. These include, but are not limited to, price volatility, potential loss of funds, and security vulnerabilities. Huione Chain is not liable for any losses incurred through use of the platform.
10. Limitation of Liability
Huione Chain is not responsible for any indirect, incidental, or consequential damages arising from the use of the platform, including loss of profits, assets, or data. Users agree that their use of the platform is at their own risk.
11. Indemnification
Users agree to indemnify and hold harmless Huione Chain, its affiliates, and its employees from any claims, damages, or liabilities arising from their use of the platform or breach of this agreement.
12. Termination of Account
Huione Chain reserves the right to suspend or terminate a user's account if they are found to have violated this agreement or engaged in prohibited activities. Termination may result in the loss of access to assets and rewards on the platform.
13. Amendments
Huione Chain reserves the right to modify or update this User Agreement at any time. Users will be notified of significant changes, and continued use of the platform constitutes acceptance of any updates.
14. Governing Law
This agreement is governed by the laws of the jurisdiction in which Huione Chain operates. Users agree to submit to the jurisdiction of the courts in this location.
15. Contact Information
For questions or concerns regarding this User Agreement, please contact support@huione.org.
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