Gold Mining Members ("GMM" or "Our") is a company established under Hong Kong law. The GMM User Service Agreement (hereinafter referred to as the "This Agreement") is signed between the GMM Foundation (also equivalent to “GMM” in interpretation in particular clauses where GMM is represented) and the User (hereinafter "You" or "User"), and possesses the legal effect of the Agreement between you and GMM from now on.
Please read this Agreement carefully before using the services provided by us. In particular, "Limitation of Liability" specified in this Agreement as shown in bold, to fully understand the terms and conditions of this Agreement and to consider the risks for yourself.
1. Confirmation and acceptance of the Agreement
1.1 This Agreement and related clauses apply to applications and services independently developed and owned by the GMM Foundation (including but not limited to partners and founders of the GMM project) in the GMM Asset Plus APP ("App"), also applied to distributed applications (“DApps”) and other functional and central applications, but not limited to. (Excluding DApps developed by other companies)
1.2 Downloading the APP, GMM software, creating a wallet, or purchasing a miner is considered that the User, You, have read and agreed to all the terms of the agreement, which are effective immediately and are binding on both parties.
1.3 This contract can be updated by GMM Foundation at any time and will be applied automatically immediately without further notice once a revised contract is announced. If GMM announces the amended provisions of the Agreement and You do not agree with the amended provisions, Please Discontinue your use of GMM immediately. If you continue to use the GMM APP, you are considered as agreeing to the revised contract.
1.4 Make sure you are over 18 years of age before using the service.
2.1 GMM: The GMM Foundation owns the development, operation, management and legal ownership of software platforms / websites / mobile app clients and provides blockchain asset local wallets, escrow accounts and other related services.The domain name is www.gmm.gold, and it supports Android systems and iOS systems. GMM Foundation provides software to users; local and online management services of blockchain digital assets
2.2 User: The user must be a person with complete civil abilities. GMM Asset Plus is not available for minors under the age of 18. The GMM Foundation reserves the right to hold you and your guardians accountable for any consequences arising from people who do not have the civil capacity to use GMM.
2.3 Blockchain: A chained data structure that combines blocks of data sequentially and cannot be tampered with or falsified under encryption. Blockchain data structures are used to verify and store data, distributed nodes and consensus algorithms that are used to generate and update data. Encryption is used to ensure the security of data transmission and access, and smart contracts of automated script code for programming and operational data with a new distributed infrastructure and computing paradigm.
2.4 Blockchain assets or digital assets: Numbers that exist in cryptographic accounts of blockchain data, which are considered as digital assets of legal owners of accounts, as such assets include but not limited to Bitcoin and Ethereum.
2.5 Miner Fee: When users transfer assets from the blockchain, the transaction confirmation fee paid to the nodes of the blockchain miner is applied and charged according to the miner level.
2.6 Personal Information: Naturally, various information recorded electronically or otherwise to identify the user's personal identity, along with other information including but not limited to name, date of birth, ID number, personal biometric information, address, and phone number.
4. Acknowledgement of Risk
4.1 You hereby understand and accept that digital assets in this sector may have significant risks such as shortage fluctuations, technical instability and losses, as laws, regulations and policies in the field of digital assets are not yet complete. The price fluctuation of digital assets is much higher than other financial assets. We carefully remind you that you should choose to hold or dispose of your digital assets reasonably according to your financial situation and risk appetite.
4.2 When using the GMM Asset Plus service, if you or the other party does not comply with the terms and conditions of this Agreement or related website instructions or the operating instructions and rules of the transaction or payment page, the GMM Foundation does not guarantee that the transaction will always be successfully completed and the GMM Foundation holds No responsibility on. If the situation mentioned above occurs and the asset has been deposited into your or a trading partner's GMM wallet or third party wallet, we understand the "irreversible" nature of blockchain operations as well as the "irreversible" nature of related transactions.By transferring the digital asset, You and the other party bear the risk.
4.3 When using a third-party DApp service integrated into GMM or conducting a transaction, GMM recommends that you carefully read these contracts and GMM tips, understand transaction objects and product information, and carefully assess risk before taking action.All transactions performed by third-party DApps are personal, and binding contractual relationships between you and the other party and are not related to GMM. GMM is not responsible for any risks, liabilities, losses and costs arising from trading behavior.
4.4 In the course of the transaction, you need to determine whether the other person has sufficient civil abilities, decide whether to make a transaction or send funds to the other party, and take all the risks associated with it.
4.5 If there are "transaction failed", "packing timeout" and other unusual information prompts during the transfer process, you should check again to avoid duplication through the official channel of the relevant blockchain system or other blockchain query tool. Otherwise, you will have to bear all the losses and costs that result.
4.6 Users should understand that after creating or importing an e-wallet in GMM, private keys and other information are stored only on the current mobile device, not the GMM or GMM server. You can synchronize your wallet and other methods to replace your mobile device according to the operating instructions provided by GMM. Digital assets are lost if the wallet password, private key, and other information is leaked when exported, stored, or backed up, or if the device or server that stores or backs up the above information is hacked or controlled. The GMM Foundation cannot recover it, so you have to bear that loss.
4.7 Avoid using backup methods like screenshots, emails, notepad, text messages, WeChat, QQ and other electronic backup methods.
4.8 Use GMM in a secure network environment and Please avoid using jailbreak or eradicated mobile devices to avoid possible security risks.
4.9 While using our services, beware of unofficial scams not coming from the GMM Foundation. If you find any such behavior, please let us know as soon as possible.
5. Change and Termination of Service
5.1 You hereby agree that GMM may temporarily provide some service functions but at the same time, suspend some service functions, or open new service functions in the future to guarantee its own business operating rights; when any function decreases, increases or changes, continued use of our APP can be considered that you still agree to the terms of this Agreement or any amendment to this Agreement provided by GMM foundation.
5.2 GMM suspends service delivery if it is understood that the following circumstances exist:
5.2.1 business interruption due to technical reasons such as equipment, blockchain system maintenance, upgrades, failures, and loss of communication;
5.2.2 Typhoons, earthquakes, tsunamis, floods, power outages, force majeure factors such as war or terror, viruses, horses, hacking, system instability or government actions may make the GMM system unable to provide services or reasonably perceive the GMM;
5.2.3 There are other situations that the GMM Foundation cannot control or reasonably foresee.
5.3 In the following cases, GMM may unilaterally stop or suspend some or all of the features that you use of GMM.
5.3.1 User deceases;
5.3.2 Stealing someone else's account information or mobile devices;
5.3.3 The personal data you provide is not true;
5.3.4 Reject mandatory update operation initiated by GMM Foundation to improve GMM functionality;
5.3.5 Using GMM for illegal or criminal activities;
5.3.6 Interfere with the normal use of other users;
5.3.7 Fraud like a worker or manager disguised as a GMM;
5.3.8 Threatens normal operation of the GMM main system by attack, intrusion, alteration or in any other way affective;
5.3.9 Promote spam advertising using GMM;
5.3.10 Spreading rumors to undermine the mutual reputation of GMM and GMM;
5.3.11 Misconduct, other violations of this Convention, and GMM reasonably determining that the function should be suspended.
5.4 When the service relationship between you and GMM is changed, suspended or terminated, you still have the right to derive information such as your wallet within a reasonable amount of time.
6. Your sincerity to legally use GMM services
6.1 You must comply with the laws and regulations of the country or region where you live, and you may not use the GMM for any illegal purpose or use the GMM service in any illegal way.
6.2 You must not engage in, but are not limited to, using GMM to violate laws or commit crimes:
6.2.1 Harming national security, divulging national secrets, overthrowing national regimes, and destroying national unity;
6.2.2 Any illegal criminal acts and money laundering, illegal fundraising, etc., but not limited to;
6.2.3 Use any unauthorized automated program, software, engine, web reptile, web analytics tool, data caching tool, or similar tool to access the GMM service and collect or process the content provided by GMM, interfere with it, or attempt other users;
6.2.4 Providing gambling information or encouraging them to participate in gambling in any way;
6.2.5 Breaking into another's GMM wallet and stealing digital assets;
6.2.6 Conduct a transaction that is different from the transaction details declared by the counterparty, or conduct a transaction that is not true; Infiltrate and steal digital assets;
6.2.7 Engage in any act that may or may be infringing on GMM service systems and data;
6.2.8 Other misconduct and wrongdoing.
6.3 You understand and agree that GMM will be subject to loss, third party claims or administrative penalties if you violate any applicable law (including but not limited to customs and tax regulations) or provisions of this Agreement. You must compensate GMM for all reasonable expenses, including attorneys' fees paid to claim your rights.
6.4 You promise to pay GMM service fees (if any) on time. Otherwise, GMM reserves the right to suspend or discontinue the services provided to you.
7. Disclaimer and Limitation of Liability
7.1 GMM is only responsible for the obligations set forth in this Agreement.
7.2 You hereby understand and agree that to the extent permitted by law, the GMM Foundation can only provide services based on existing skill levels and conditions. The GMM Foundation cannot provide services normally for the following reasons.
7.2.1 GMM system shutdown, maintenance or upgrade;
7.2.2 Reasons such as force majeure such as wind, earthquake, flood, lightning or terrorist attacks;
7.2.3 Unexpected service delay due to mobile device hardware and software, communication line, power supply fault
7.2.4 In case of improper use of the GMM service or approved or not approved by GMM
7.2.5 Reasons such as viruses, Trojan horses, malware attack, network congestion, system instability, system or device failure, communication failure, power outage, banking or government action;
7.2.6 Other reasons that GMM foundation is not responsible for
7.3 The GMM Foundation is not responsible for the following situations
7.3.1 Digital assets are lost when the user loses their mobile device, does not delete and back up the GMM, does not delete and back up the wallet, removes the wallet, or steals the wallet password and private key;
7.3.2 Users being involved in other insecure methods, such as when User has leaked the wallet password, private key on his own, or allows others to rent, transfer or use his or her mobile device or GMM wallet without caution, or does not download the GMM application through the GMM official channel;
7.3.3 Loss of digital assets due to user’s fault on operation (including but not the wrong way to send the bank transfer address and choosing the node server you want to transfer to);
7.3.4 Loss of digital assets due to erroneous operation as users do not understand the nature of blockchain technology;
7.3.5 Due to time delays, blockchain system instability, etc., when transaction records copied by GMM to the user's blockchain fails;
7.3.6 Risks and consequences of users working on third-party DApps
7.4 GMM is only used as a tool for digital asset management and asset growth. GMM cannot control the quality, safety or legality of products and services provided by third-party DApps, the truthfulness or accuracy of information, and the ability to fulfill its obligations under contracts with other parties. All transactions performed by third-party DApps are personal actions and establish a binding contractual relationship between you and the other party,which is not related to GMM. GMM reminds you to judge carefully to determine the authenticity, legality and effectiveness of logging into DApps and related information. You are also responsible for the risks that may arise from dealing with third parties.
7.5 GMM does not provide the following types of warranties:
7.5.1 GMM services meet all your desired needs beyond its capacities;
7.5.2 All technologies, products, services and information obtained through GMM services meet customer expectations beyond its capacities;
7.5.3 GMM ensuring the timeliness, accuracy, completeness and reliability of information such as digital asset market transactions collected by third-party exchanges;
7.5.4 GMM's trading partners immediately fulfill their obligations in the transaction agreement with you.
7.6 In any case, GMM's total liability for breach of contract under this Agreement shall not exceed 1) 0.1 Bitcoin or 2) RMB 1000 (whichever is higher).
7.7 GMM is used only as a tool for users to manage digital assets and display transaction information, and does not provide legal, tax or investment advisory services. You should seek advice from legal, tax and investment experts, and the GMM Foundation is not responsible for any investment losses, data loss, etc. you have experienced while using our services.
7.8 Users hereby understand that user access standards may be changed from time to time to limit the scope and manner in which services are provided to specific groups in accordance with the requirements of local policies and regulations.
8. Intellectual property protection
8.1 Intellectual property rights of the content displayed in the GMM Asset Plus APP (including but not limited to this Agreement, Announcements, Articles, Videos, Audio, Photos, Files, Information, Data, Trademarks or Logos) are the GMM Foundation or third party rights holders To the. Users may use the GMM application and its content only for the purpose of holding and managing digital assets. No one may use, modify, decompile, copy, publicly distribute, alter, distribute, post or disclose the applications and content mentioned above without prior written consent of GMM or third party rights holders.
9. Duration of the membership
This contract between you and us is an indefinite contract, and you have the right to terminate the contract at any time and take effect immediately if you:
9.1 You violate any provision of this Agreement
9.2 We have reasonable evidence you are abusing apps or services.
10. Legal dispute and resolution
10.1 Hong Kong law applies to the validity, interpretation, alteration, enforcement and resolution of controversy of this Convention and its amendments, and international business and / or industry practice shall apply unless otherwise provided by applicable law.
10.2 If any dispute or dispute arises between you and the GMM Foundation, it must first be resolved by friendly consultation, or if not negotiated, it may be submitted to the court of jurisdiction where the GMM Foundation is located.
11.1 You must fully understand and comply with the jurisdictions in which you are located and any applicable laws, laws and regulations that use GMM services.
11.2 If you encounter any issues while using the GMM service, you can contact us by submitting feedback to GMM Foundation.
11.3 The GMM Foundation recommends that you refer to GMM's service contract whenever you visit GMM.
11.4 This contract will go into effect on May 20, 2020
11.5 All translations of this Agreement are provided for your convenience and are not intended to modify the terms of this policy. In case of conflict between the Chinese and English versions of this policy, the English version shall prevail. Any matter not covered by this Agreement shall be subject to the notices and related rules issued by GMM from time to time.