Art for FIAT
Sale of ART token for FIAT currency.
Terms of buying ART tokens for FIAT currencies (fiduciary)
Translation: This document specifies the terms of purchasing ART tokens for FIAT currencies (fiduciary) in accordance with applicable laws and regulations. Please carefully review these terms before making any transaction.
Purchase of ART tokens using Stripe payment service
Purchase of ART tokens is possible using the global payment service, Stripe, which accepts credit and debit card payments such as Visa and Mastercard. Stripe provides easy and secure transactions worldwide, allowing investors from different countries to participate in the ART token purchase process. With integration to the Stripe platform, users can make fast and convenient transactions using widely accepted payment cards.
1. Conditions:
Requirements for participation: To purchase ART tokens with FIAT currency, the following conditions must be met:
1.1. The user must be an adult (18 years or older) or have legal capacity to enter into a contract.
1.2. The user must have an active wallet address on the Ethereum Erc20 or Polygon Erc20 network.
1.3. The user must have a VISA or Mastercard card that complies with the applicable regulations of the country in which they reside.
2. Registration and verification:
2.1. To purchase ART tokens with FIAT currency, the user must register on the platform by connecting their wallet according to the network on which the tokens are offered.
2.2. The platform reserves the right to reject a request to purchase ART tokens if the user is a citizen/national of a country subject to sanctions.
3. Currency converter and fees:
3.1. The exchange rate of FIAT currency to ART tokens is automatically determined by the platform at the time of purchase based on current market data.
3.2. The platform does not charge fees for conducting transactions.
3.3. The platform takes on the fee for transferring ART tokens to the buyer's wallet.
3.4. The user is responsible for any bank fees related to currency exchange and transfer of FIAT funds associated with card payments.
4. Limitations and risks:
4.1. Purchasing ART tokens involves risks, including the risk of value loss, exchange rate volatility, regulatory uncertainty, and other market factors.
4.2. The user acknowledges that they are purchasing ART tokens at their own risk and understand the risks associated with buying cryptocurrencies and specifically the ART token.
5. Privacy policy and security:
5.1. The platform does not store users' personal data, as when purchasing ART, the user's data, such as their card number, is processed by the STRIPE platform. This data is processed in accordance with applicable laws and the privacy policy of that platform.
5.2. The uni.decentral-art platform only collects wallet addresses that are not linked to individuals or companies, and verification of individuals connecting their wallets to their personal information or company information is not required. If a user links their wallet to personal or company data, that data is processed in accordance with applicable laws and the platform's privacy policy.
5.3. The platform takes all necessary actions to protect personal data and ensure transaction security. The user is responsible for maintaining the confidentiality of their password and other login information.
6. Changes and updates to the terms:
6.1. The platform reserves the right to introduce changes and updates to these terms at any time. Any changes will be communicated to users via the website or email.
6.2. Continuing to use the platform after changes are made constitutes acceptance of the new terms.
7. Legal regulations:
7.1. The user agrees to comply with all applicable laws and regulations, including those related to anti-money laundering (AML) and countering the financing of terrorism (CFT).
7.2. The platform reserves the right to freeze or cancel FIAT transactions and not transfer ART tokens if there is suspicion that the transaction was conducted for illegal activity.
8. Liability:
8.1. The platform is not liable for damages resulting from the loss of value of ART tokens, technical errors, system failures, or problems related to the operation of the platform.
8.2. The user is responsible for any damages caused to the platform or other users as a result of actions that contradict these terms or applicable law.
9. ART token to FIAT currency exchange rate:
9.1. In the case of a wallet connected to the Ethereum ERC20 network, the platform automatically converts the Ethereum rate to ART tokens and then calculates the value in FIAT currency. The exchange rate is based on the current stage of the ART token sale, which can be checked on the website https://uni-test.decentral-art.com/pre-sale.
9.2. In the case of a wallet connected to the Polygon ERC20 network, the platform automatically converts the MATIC token to ART tokens and then calculates the value in FIAT currency. The exchange rate is based on the current stage of the ART token sale, which can also be checked on the website https://uni-test.decentral-art.com/pre-sale.
9.3. It should be noted that the ART token exchange rate may vary even within one stage of the sale, due to the volatility of Ethereum and MATIC prices.
10. Exclusion of the possibility of purchasing ART tokens in countries subject to sanctions or regulations prohibiting cryptocurrency trading:
10.1. Due to legal regulations, residents and citizens of certain countries are excluded from the possibility of purchasing ART tokens. This includes countries subject to international sanctions and those where regulations prohibit cryptocurrency trading.
10.2. It should be noted that the list of countries excluded from the possibility of purchasing ART tokens may change due to updates in legal regulations and international sanctions. Before making a purchase, the user is obligated to check if their country is subject to a ban on cryptocurrency trading.
10.3. Examples of countries excluded from the possibility of purchasing ART tokens due to international sanctions or regulations prohibiting cryptocurrency trading include:
Belarus
Burma
Burundi
Iran
Democratic Republic of Congo
North Korea
Lebanon
Libya
North Macedonia
Mali
Myanmar (Burma)
Russia / Crimea and annexed territories.
Serbia
Somalia
Sudan
South Sudan
Syria
Trinidad and Tobago
Tunisia
Uganda
Yemen
Zimbabwe
Note: The above list is just an example and may differ from the actual scope of countries excluded from the possibility of purchasing ART tokens. The user is responsible for independently checking the applicable legal regulations in their country before making a purchase.
11. Acceptance of the terms and statement of the buyer:
11.1. At the time of the ART token purchase transaction, the user automatically accepts these terms and conditions, which means that they have read and understood the terms and agree to abide by them.
11.2. By purchasing ART tokens, the user declares that:
a) They are not a tax resident of a country subject to international sanctions or do not reside in a country where regulations prohibit cryptocurrency trading.
b) They are not transacting with individuals, entities, or third-party firms subject to international sanctions.
11.3. The user assumes full responsibility for the legal consequences arising from false statements or failure to comply with the terms set out in these terms and conditions. The platform reserves the right to take any legal action provided by applicable law in the event of a user's violation of the provisions of these terms and conditions.
12. Declaration of the legality of FIAT funds during the purchase of ART is automatically made at the beginning of the purchase through STRIPE:
12.1. By purchasing ART tokens using FIAT currency, the user automatically declares that the funds used for the purchase are legal, do not come from criminal activities, and are not used to finance any illegal activities or things.
12.2. The user assumes full responsibility for the legal consequences arising from false statements or failure to comply with the terms regarding the legality of FIAT funds. The platform reserves the right to take any legal action provided by applicable law in the event of a user's violation of the provisions of this section of the terms and conditions.
12.3. In case of suspicion regarding the legality of FIAT funds, the platform may report such cases to the appropriate law enforcement agencies and cooperate with them to clarify the situation.
13. Final provisions:
13.1. In the event of a dispute arising from these terms, the parties undertake to attempt to resolve the dispute through negotiations.
13.2. If the parties fail to reach an agreement, the dispute shall be resolved by the court having jurisdiction over the platform's registered office.
13.3. These terms are governed by the law applicable in the country where the platform has its registered office.
13.4. If any provision of these terms is held to be invalid or unenforceable, the remaining provisions shall remain in force.
14. Payment of taxes in accordance with the applicable laws of the country of origin of the person buying ART tokens:
14.1. The user is obliged to pay all taxes related to the purchase of ART tokens in accordance with the applicable laws in the country of origin.
14.2. The user is fully responsible for properly reporting all tax obligations arising from the purchase, possession, exchange, or disposal of ART tokens in their country of origin.
14.3. The platform is not responsible for improper reporting or payment of taxes by users. Users are required to consult with tax advisors or other experts to obtain information on applicable tax laws and their application to transactions related to ART tokens.
The user declares that they have read and understood these terms and conditions before making any purchase transaction of ART tokens with fiat currency.
Last updated