The customers of the Coinmotion service (hereinafter “Customer” or “Customers”) provided by Prasos Oy (hereinafter “Prasos”) accept these terms and conditions of the interest service as binding upon themselves when using the interest service provided by Tesseract Group Oy (business ID 2876803-8), whose head office is located at Kasarmikatu 21, FI-00130 Helsinki (hereinafter “Tesseract”), via the Coinmotion service.
As stated in further detail in Section 3 below, Prasos only enables transferring the Customer to Tesseract’s service. Prasos does not, in any respect, participate in the actual provision of the interest service. As stated in further detail in Section 2 below, the Customer shall accept the separate terms of use of Tesseract’s service as binding upon themselves when transferring to Tesseract’s service.
1. INTEREST SERVICE
Tesseract’s interest service enables Customers to accrue interest for their virtual currencies.
2. TESSERACT IS RESPONSIBLE FOR THE INTEREST SERVICE
As the interest service is provided by Tesseract and not Prasos, the Customer shall accept Tesseract’s separate general terms of use (https://www.tesseractinvestment.com/terms-of-service/) as binding upon themselves when using the interest service via the Coinmotion service. Thus, the Customer accepts that Tesseract is liable to the Customer for the implementation, use and responsibilities of the interest service and any other corresponding matters related to the interest service.
3. PRASOS’ LIMITED LIABILITY
Since Tesseract is, as described in Section 2 above, fully responsible for its interest service, and Prasos only enables the use of the interest service via the Coinmotion service, Prasos shall not be liable to the Customer for the implementation, use and responsibilities of the interest service or any other corresponding matters related to the interest service.
Prasos shall, in proportion to its possible negligence, be liable only for damage caused by: (i) false or inaccurate information in the Coinmotion service; (ii) the removal of Content or other erroneous retention or provision of Content or communication in the Coinmotion service. Prasos shall not be liable for; (i) the users’ conduct; (ii) any unauthorized use of a User Account; (iii) other technical issues of the Service; (iv) the Company’s activities for monitoring compliance with anti-money laundering laws; or (v) other corresponding matters.
In addition, the Customer acknowledges and accepts that Prasos shall not be liable for any damages caused by: (i) the implementation of the interest service; (ii) the use of the interest service; or (iii) any other matter related to the interest service.
4. RISKS PERTAINING TO THE INTEREST SERVICE
In light of Section 3 above, Prasos is under no circumstances liable for any losses caused by the use of the interest service.
In this respect, Prasos emphasizes that virtual currencies in general and the interest service in particular are associated with a high risk of losing the invested capital, even completely. By transferring to the interest service provided by Tesseract, the Customer acknowledges and accepts the risks pertaining to the interest service.
5. DISPUTES
The Customer acknowledges and accepts that the provisions of Tesseract’s general terms of use shall be complied with in any disputes related to the terms and conditions of the interest service. Thus, the Customer acknowledges and accepts that they shall resolve any disputes related to the interest service with Tesseract. Therefore, the Customer acknowledges and accepts that Prasos will not take part in any disputes related to the interest service.
6. VALIDITY AND TERMINATION
These terms and conditions of the interest service are valid until further notice.
The Customer shall have the right to terminate the Agreement with immediate effect. The termination shall be carried out via the Coinmotion service.
Prasos shall have the right to terminate the terms and conditions of the interest service with immediate effect for the following reasons:
- your breach of this Commitment by, for example, providing us with inaccurate information or using the Service in an unlawful manner;
- the law requires us to terminate the Commitment;
- we are not allowed to provide the Service in the country where you use the Service;
- the Company no longer considers the provision of the Service commercially viable; or
- any other corresponding reason.
Upon termination of the terms and conditions of the interest service, the terms and conditions of the interest service are removed from the Commitment. Other valid parts of the Commitment shall remain effective.
