1.6 Terms of Service

Last Updated: September 29th, 2024.

Salt Terms & Conditions

1. Introduction

Welcome to Salt, an all-in-one decentralized trading platform. By accessing or using Salt’s services ("Service"), you agree to these Terms & Conditions ("T&C"). These terms form a legally binding agreement between you and Salt. If you do not agree to these terms, you must stop using the Service immediately.

2. Eligibility

To use Salt, you must be at least 18 years of age or have reached the age of majority in your jurisdiction. By using the Service, you warrant that you have the legal capacity to enter into binding agreements and comply with these T&C. Additionally, you must ensure that your usage complies with all relevant laws and regulations in your country or region.

3. Account Registration and Security

To access certain features of Salt, you will need to create an account. When registering, you agree to provide accurate, current, and complete information. You are responsible for maintaining the confidentiality of your account credentials, including passwords, and for all activities that occur under your account. Any unauthorized use of your account must be reported immediately. Salt is not responsible for any losses arising from unauthorized use of your account.

4. User Responsibilities and Prohibited Activities

By using Salt, you agree to use the Service for lawful purposes only. You are prohibited from:

• Engaging in any fraudulent activities or misrepresentations.

• Using the Service to violate any applicable laws, including those related to securities trading, anti-money laundering (AML), or anti-terrorist financing (ATF) regulations.

• Exploiting bugs, vulnerabilities, or any malfunction of the platform for financial gain.

• Attempting to interfere with the platform’s security or functionality, including any hacking, data scraping, or reverse engineering.

Failure to comply may result in account suspension, termination, or legal action.

5. Trading and Financial Risk

Trading in cryptocurrencies and using decentralized finance (DeFi) products involves significant risk. By using Salt, you acknowledge and understand that:

• The prices of cryptocurrencies are volatile, and you may incur significant losses.

• You are solely responsible for the trades you execute on the platform, including the selection of bots, pairs, or tokens.

• Salt does not provide financial advice, and any decisions made are at your discretion.

• Past performance of a token or strategy is not indicative of future performance.

Salt will not be liable for any losses or damages incurred as a result of your trading activities on the platform.

6. Fees and Payment

Salt may charge fees for using certain features, services, or transactions on the platform. These fees may include, but are not limited to:

• Trading fees

• Subscription fees for premium features or bots

• Referral commissions

Salt reserves the right to modify the fee structure at any time. All fees will be transparently displayed and deducted in accordance with your usage. Failure to pay applicable fees may result in restricted access to the Service.

7. Referral and Rewards Programs

Salt may offer referral bonuses and rewards to incentivize users to invite others or participate in activities on the platform. Terms for such programs may vary, and Salt reserves the right to modify or discontinue them at any time without notice. Referral bonuses may be subject to eligibility requirements and other restrictions.

• Referral Bonus: Users who refer others may be eligible to receive a percentage of the referred user's fees.

• Rewards: Users may receive points or other forms of compensation for completing quests, participating in events, or holding tokens.

8. Tokenomics and Airdrops

Salt operates under specific tokenomics designed to provide value to the ecosystem. These include, but are not limited to:

• Point-based Incentives: Users may earn points by engaging with the platform, participating in promotions, or trading.

• Airdrops: Token or point-based airdrops may be distributed periodically to holders based on predefined criteria.

• Fee Buy-back and Burn: Salt may use a portion of the fees collected from users to buy back and burn tokens, thereby reducing supply and supporting token value.

Participation in tokenomics or airdrops does not guarantee any financial returns.

9. Intellectual Property

All intellectual property rights in the Service, including but not limited to, trademarks, logos, graphics, content, and software, are owned by Salt or its licensors. You are granted a limited, non-exclusive, non-transferable right to use the Service for personal, non-commercial use. Unauthorized use or reproduction of any intellectual property is strictly prohibited.

10. Privacy Policy

Salt respects your privacy and is committed to protecting your personal data. Your use of the Service is governed by our Privacy Policy, which outlines how we collect, store, and use your information. By using the Service, you consent to our data practices. For more details, please review our Privacy Policy.

11. Limitation of Liability

To the fullest extent permitted by law, Salt and its affiliates, directors, employees, and agents shall not be liable for any damages, losses, or claims arising out of:

• Your use of, or inability to use, the Service.

• Any unauthorized access to your account or data.

• Delays, disruptions, or errors in the Service, including technical issues or platform downtime.

• Any loss or damage resulting from trading decisions or financial risks.

Salt provides the Service on an "as-is" and "as-available" basis and disclaims all warranties, express or implied, regarding the Service’s functionality, security, and performance.

12. Termination of Service

Salt reserves the right to suspend or terminate your access to the Service at any time, with or without cause, for violating these T&C, engaging in fraudulent or harmful activities, or for other reasons at Salt’s discretion. Upon termination, your right to use the Service will immediately cease, and any points or rewards accrued may be forfeited.

13. Amendments to Terms

Salt reserves the right to update, modify, or revise these T&C at any time. Changes will be posted on the platform, and continued use of the Service after such changes will constitute acceptance of the updated terms. Users are encouraged to review these terms regularly.

14. Governing Law and Dispute Resolution

These T&C shall be governed and construed in accordance with the laws of the British Virgin Islands (BVI). Any disputes arising under or relating to these T&C shall be subject to the exclusive jurisdiction of the courts in the British Virgin Islands (BVI).

15. Contact Information

If you have any questions or concerns about these T&C, please contact Salt at [e-mail].