Terms & Conditions

Read LFi's terms and conditions for using our services.

Last Update: December 2023

These terms and conditions and any terms expressly incorporated herein (the “Terms”) govern access to and use of all parts of the platform, branded as LFi Platform (“LFi", “We”, “Our”, “Us”) and referring to the domain https://www.lfi.io/ (the “Platform”) and all documents, data, materials, or other information made available on the Platform.

These Terms explain how the user (the “User”, “you” or “your”) may use our LFi Platform and any of its content. You shall read these Terms carefully before using our Platform. By using or accessing the Platform, you agree to be bound by these Terms and all supplementary agreements, including the Privacy, and Cookies Policy, the Delivery, Warranty, and Return Policy, and any other subsequent agreement related to the present document and the operations of LFi.

By utilizing our Platform and its functionalities, you explicitly acknowledge and accept the potential risks linked to digital assets. LFi holds no responsibility for any adverse outcomes resulting from your use of the Platform. Any content is provided for your general information purposes only and to inform you about the Company, our products, features, services, and other third-party partners (the “Third-Party Partners”), and Third-Party Partners Websites that may be of interest. The information provided here by LFi does not constitute technical, investment, financial, or legal advice or any other type of recommendation. You should always use your own independent judgment, due diligence, and own research when using our Platform and its content.

These Terms may be made available in several languages for educational purposes only. In case of any inconsistency between the English version and a translated version, the English version prevails.

  1. Definition

1.1 “Blockchain ID” is an intermediary platform that operates as a unified sign-on system enabling Users to access Third-Party Partners services and products offered on their platforms, which encompasses platforms such as Blockchain Era, TBE, LyotechLabs, and LFi platform.

1.2 “Account” means the account created on the Blockchain ID platform to use the services offered by the LFi Platform.

1.3 “Combination Payment” means a method of payment for products and services offered in our platform where the User can use different points to buy the products and services.

1.4 “License” is a permission granted by LFi allowing Users to access embedded software in its products or services.

1.5 “NFT” is a non-fungible token (NFTs) operating as a proof of ownership and licence certificate embedded in LFi hardware.

1.6 “Third-Party Partner” means the service providers and third-parties with which we have service agreements to expand the range of services and products accessible across LFi Platform to its Users and community members. However, each one is governed by their own terms and policies. LFi does not exercise any control or management over these Third-Party Partners websites. Users should display her/his/their own due diligence to read and understand each one of the legal documentation governing those products and services.

1.7 “Third-Party Partner Websites” means the platforms provided by those Third-Party Partners to display and inform about their products and services available to LFi Members.

1.8 “LFi Token” refers to the token of the Platform, ERC20 token in Polygon blockchain.

1.9 “Minting” refers to the process of creating LFi tokens.

1.10 “Internal Virtual Points” means that the LFi Platform encompasses various Internal Virtual Points integral to the LFi Platform, such as EURfi, EURfi PROMO, EURfi-W, EURfi-C, cLFi-R, cLFi-W. These Internal Virtual Points are utilized exclusively within the LFi Platform for the purposes of accessing, utilizing, and enhancing the array of services, products, and features available. They are not tradable outside of LFi platform, do not represent a monetary value, and cannot be used to purchase crypto assets.

  1. Eligibility

2.1 “User” refers to either a natural person who is at least 18 years of age, possessing legal capacity and the requisite authority to agree to these Terms, or a legal entity with the necessary authorization to enter into these Terms.

2.2 Eligibility requirements for accessing certain Third-Party Partner Websites may vary. Some of these Third-Party Partner Websites may allow minors to access their services. Users should carefully review and comply with the specific terms and conditions, age restrictions, and guidelines in each Third-Party Partner Website. LFi is not liable for any disparities in eligibility criteria among the Third-Party Partner Websites. Users are encouraged to contact the particular Third-Party Partner Website directly for clarification on their access policies. Your access to Third-Party Partner Websites through our Platform is contingent upon your compliance with the respective Third-Party Partner Website's terms and conditions, as well as any applicable laws and regulations in your jurisdiction.

2.3 We reserve the right not to accept participants who are residents of countries or directly and/or indirectly related to persons/entities that are present on any OFAC and FATF political and economic sanctions list.

2.4 If a User decides to use products or services available on Third-Party Partner Websites, being geographically located in countries sanctioned by OFAC or FATF, the User automatically becomes obliged to follow all local and/or international regulations, subject to the sanctions provided for in the respective lists.

2.5 All Users originated from jurisdictions with any type of domestic and/or government restrictions on blockchain related businesses are fully liable to comply with applicable regulations thereon, otherwise be subject to legal consequences derived from inobservances.

  1. Account Login

3.1 Upon clicking the “'Sign in With Blockchain ID”on our Platform, Users will be directed to the Blockchain ID authentication page to initiate the Account establishment process. This process requires completing the registration procedure on Blockchain ID, which entails undergoing a designated onboarding process aimed at streamlining internal verification. This entails creating a secure password and providing consent to adhere to the specific Terms, Privacy Policy, and any supplementary rules specified by Blockchain ID.

  1. Services

4.1. Online Shop

4.1.1 LFi offers online shop experiences to Users, where they can explore, learn, and purchase several products and services through a diversity of payment methods, including Internal Virtual Points balance and cLFi. Additionally, the User has the flexibility of utilizing a Combination payment method, wherein multiple points/tokens can be used for payment. Points to be used as Combination Payments will be adjusted accordingly at the sole discretion of the LFi. To identify the applicable points/tokens accepted on our Platform, please visit https://app.lfi.io/.

4.2. Rewards, benefits, and commissions

4.2.1 Access to any rewards, benefits, or commissions associated with any of our LFi services shall be exclusively available through our Third-Party Partner Website. For additional details regarding these rewards, benefits, and commissions, if applicable, please refer to the website related to each Third-Party Partner.

  1. Using the Platform

5.1 The Platform is for your personal use only. You agree that you are solely responsible for all costs and expenses you may incur in relation to your use of the Platform.

5.2 We make no representations or warranties that the Platform is available for use in any particular location. The Platform may not be available in certain geographic locations due to legal or regulatory restrictions, or any other reasons. You are responsible for complying with all applicable laws and regulations in your use of the Platform, and you understand that access to the Platform may not be compliant under the laws and regulations of certain jurisdictions. By accessing or using the Platform, User proceed under her/his/their own initiative and risk. User is solely responsible for compliance with any applicable laws, rules, and regulations.

  1. Rules and Conduct

6.1 As a condition of your use of the Platform, you agree not to:

6.1.1 Misuse or attack our Platform by knowingly introducing viruses, trojans, worms, logic bombs, or any other material that is malicious or technologically harmful (such as but not limited to denial-of-service attack);

6.1.2 Post false, inaccurate, misleading, defamatory, unlawful, harassing, libelous, privacy-invading, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable content on our Platform through or on our services and in any other kind of social media platforms or private websites;

6.1.3 Use, copy, reproduce, modify, translate, publish, broadcast, transmit, distribute, perform, upload, display, license, sell, or otherwise exploit for any purpose any content of the Platform not owned by you in a way that violates someone else’s rights;

6.1.4 Conduct illicit transactions and holding a wallet that has any direct or indirect links and exposure to any sanctions, terrorist financing, child abuse, scam, fraud, or fraud service categories and/or hops; or

6.1.5 Attempt to gain unauthorized access to our Platform, the server on which our Platform is stored, or any server, computer, or database connected to our Platform.

6.1.6 We reserve the right at our sole discretion, to limit your access to the services (or to its certain functions) or to fully terminate your access in case of repeated breach of these Terms or to take other measures to ensure compliance with applicable law or protection of third-party rights and interests.

6.1.7 The User hereby acknowledges and agrees that they shall not, under any circumstances, engage in the direct or indirect purchase of Accounts belonging to other Users on the Platform. Violation of this clause shall constitute a material breach of these Terms and may result in the immediate termination of the User's access to the Platform.

6.1.8 The User hereby acknowledge and agrees that having it’s access to the Platform terminated by any reason, may lead to loss of all of the assets related to yours account without any kind of rights and/or reparation against the Platform, it’s shareholders, directors, employees, partner or any kind of associated entity.

  1. Your privacy and personal information

7.1 Your privacy and personal information are important to us. For further details you can check our Privacy and Cookies Policy.

  1. Links to other Third-Party Partners Websites

8.1 The Platform may contain links to Third-Party Partner Websites or services that are not owned or controlled by us, and we assume no responsibility or liability for the information, content, privacy policies, or practices of any Third-Party Partner Websites or services. LFi is not liable for any damage or loss caused or alleged to be caused by or in connection with any information, content, goods, or services available on or through any such Third-Party Partner Websites.

  1. Disclaimers

9.1 These Terms shall not and cannot be considered as an invitation to enter into an investment or sale of any financial instruments.

9.2 The LFi Tokens, including their associated Internal Virtual Points, possess no intrinsic value beyond their utility within the LFi Platform and do not confer any ownership, equity, or entitlements within LFi or its affiliated entities. Furthermore, tokens and the Internal Virtual Points are not intended for use as a medium of exchange outside the LFi Platform and hold no monetary or legal value beyond the Platform's boundaries and they are not mean to be a payment method or to be use to purchase cryptocurrencies, or other virtual assets.

9.3 There is a risk that we may be temporarily or permanently unable to provide access to the Platform and thus also to the services. The Platform is provided “as is” and “as available”. We and our Third-Party Partner Websites, expressly disclaim all representations or warranties of any kind, whether express, implied, statutory, or otherwise about the Platform and services, including, without limitation, any implied warranties of merchantability for a particular purpose, non-infringement or course of performance.

9.4 LFi does not warrant that (i) the Platform will function uninterrupted, secure, or available at any particular time or location, or will be error-free or free of harmful components; (ii) any errors or defects will be corrected; (iii) the Platform is free of viruses or other harmful components; (iv) any content and data will be secure or not otherwise lost or damaged; (v) the results that may be obtained from the use of the services will be accurate or reliable; or (vi) the results of using the Platform will meet your requirements or expectations.

9.5 Your use of the platform and its content is at your sole risk. Upgrades and modifications to the protocol are managed in a community-driven way by holders of the LFi Token. Subject to the applicable laws, no developer or entity involved in creating the LFi will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other Users of the Platform, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, digital assets or anything else of value.

  1. Assumption of Risk

10.1 By accessing or using any LFi services, you are further acknowledging that you are aware of the all risks associated with the use of these services and with engaging in transactions in cryptocurrencies, including, but not limited to, risks of financial loss, technology glitches (including, but not limited to, problems with the blockchain technology), and hacking. We diligently strive to furnish state-of-the-art systems and implement robust security measures. Nonetheless, certain issues and risks are unavoidable. If such issues or problems arise in connection with your use of our Platform, resolution timelines may vary, and certain issues may remain unresolved. By agreeing to these Terms, you acknowledge that LFi is not responsible for the aforementioned risks on our Platform.

10.2 You assume the risks of engaging in transactions that rely on smart contracts and other experimental technology. Transactions may rely on smart contracts stored on various blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications, and systems that interact with blockchain-based networks. These technologies are experimental, speculative, inherently risky, and subject to change. You agree and acknowledge that LFi will not be liable for any such adversities.

10.3 Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of digital assets, their market value, or digital funds. You are solely responsible for the safekeeping of the private key associated with the blockchain address used to interact with the Platform. LFi is not liable for any of such risks.

10.4 You agree to the automated collection and disbursement of proceeds by smart contracts. You acknowledge and agree that all transactions accessed through the services will be automatically processed using one or more blockchain-based smart contracts. By engaging in transactions using the services, you acknowledge and consent to the automatic processing of all transactions in connection with using the services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of digital assets are distributed.

10.5 You are solely responsible for assessing the services prior to utilization, and all transactions facilitated through the services are irreversible, conclusive, and non-refundable. The services may be disabled, disrupted, or adversely affected by sophisticated cyber-attacks, increases in activity, computer viruses, and/or other operational or technical challenges, among other factors. We explicitly disclaim any ongoing obligation to notify you of all potential risks associated with using and accessing our services. By utilizing the services, you acknowledge and accept these risks, and you agree not to hold LFi liable for any resulting losses.

  1. Ownership, use, and intellectual property rights

11.1 The intellectual property rights in the Platform and in any text, images, video, audio, or other multimedia provisions, software, or other information or material submitted to or accessible from the Platform (“Provisions”) are owned by us and our licensors.

11.2 We and Third-Party Partners reserve all intellectual property rights, including, but not limited to, all copyright, trademarks, domain names, codes, websites, design rights, database rights, patents, and all other intellectual property rights of any kind, whether registered or unregistered anywhere in the world. This means that LFi and Third-Party Partners are owners of them and are free to use them as per our own interest.

11.3 These Terms confer no legal rights to you with respect to the Platform or the Provisions, except as required for accessing it. You agree not to modify, attempt to circumvent, or remove any notices present on the Platform or the Provisions, including intellectual property notices, particularly those related to digital rights or other security technology embedded or incorporated within the Platform or the Provisions.

  1. Accuracy of information and availability of the Platform

12.1 We endeavor to ensure the accuracy, currency, and bug-free nature of the Platform; however, we shall not be held responsible for any failure attributable to causes beyond our control. Additionally, we cannot guarantee that the Platform is suitable for any specific purpose. Your reliance on the information provided on the Platform is at your own risk.

12.2 We reserve the right to suspend or terminate access or operation of the Platform at our discretion. Any content on the Platform is for general informational purposes only, providing information about us, our products, news, features, services, and other Third-Party Partner Websites that may be of interest. However, this content has not been tailored to your specific requirements or circumstances and does not constitute technical, financial, legal advice, or any other type of advice. It should not be relied upon for any purpose. You should exercise your independent judgment when using our Platform and its content.

12.3 While we make efforts to ensure the availability of the Platform for your use, we do not guarantee uninterrupted access or continuous availability.

  1. Hyperlinks and Third-Party Partners Platforms

13.1 The Platform may contain hyperlinks or references to Third-Party Partner advertising and Third-Party Partner Websites other than the Platform. Any such hyperlinks or references are provided for your convenience and education only. We have no control over Third-Party Partner advertising or Third-Party Partner Websites and you understand and acknowledge that we have no legal responsibility for any content, material, or information contained in them. The display of any hyperlink and reference to any Third-Party Partner advertising or Third-Party Partner Websites does not mean that we endorse that Third-Party Partner’s Websites, products, or services. Your use of a Third-Party Partner Platform may be governed by the terms and conditions of that third-party platform and is at your own risk.

  1. Limitation of Liability

14.1 Except to the extent prohibited by law and regardless of whether we were advised of the possibility of such damages, we do not assume any liability for any special, direct, indirect, incidental, punitive or consequential damages of any kind whatsoever arising from or in connection with the Platform including but not limited to loss of profits or revenues, loss of data, loss of assets, use of the Platform or Third-Party Partner Website, our liability for any claim arising out of or related to the Platform shall not exceed the value of the assets available in your Account, at the time of its loss, regardless of the form of action, whether in contract, tort (including negligence), strict product liability or any other cause of action or legal or equitable theory.

  1. Force Majeure

15.1 We shall not be held liable if we fail to comply with these Terms due to circumstances beyond our reasonable control, including but not limited to the provisions outlined in this clause. In no event shall LFi be responsible for inaccuracies, errors, delays, omissions, service disruptions, or interruptions in the services, whether in transmission or delivery of information as required by these Terms. Such circumstances include but are not limited to, forces beyond the reasonable control of the LFi, such as, governmental actions, acts of terrorism, war, fires, disruptions in telecommunications or internet services, network provider issues, software malfunctions, network-wide compromises, hacking, strikes, labor disputes, accidents, civil or military disturbances, or other catastrophic events.

  1. No Third-Party Rights

16.1 These Terms are enforceable only by us and you, and no third-party has the right to enforce any provision herein.

  1. Modification

17.1 We are consistently engaged in the ongoing development and improvement of our Platform and services. We retain the discretion to modify, restrict access to, or terminate any functionalities and services on the Platform. We also reserve the right to unilaterally amend or update these Terms at any time without prior notice. Your continued use of our Platform and services following any such modifications will signify your acceptance of the revised Terms.

  1. Dispute Resolution

18.1 We will make diligent efforts to expeditiously and effectively address any disputes with you. If the User wishes to file a complaint, kindly contact us at your earliest convenience at support@.lfi.io.

  1. Governing Law

19.1 The laws of the British Virgin Islands apply to these Terms. Any dispute arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the British Virgin Islands courts.

  1. Contact Us

20.1 In the event of any comments, questions, inquiries, or complaints regarding these Terms, you have the right to submit questions and/or concerns to support@.lfi.io.

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