“Inno” Service Agreement
- Terms & Conditions
I. [Foreword and Introduction]
The “Inno” of Huobi (the “Platform”) is a popular asset trading hub. Digital assets have greater price volatility and higher trading risks. Please make prudent decisions and select the Service deliberately in strict accordance with your digital asset trading experience, trading expectation, financial condition, risk tolerance, etc.
Prior to using the “Inno” Service (the “Service”) of Huobi, you shall read and abide by the “Inno” Service Agreement (the “Agreement”). Please read carefully and fully understand the contents of each clause, especially the clauses relating to limitation or exclusion of liability. The limitation and exclusion clauses will be highlighted in bold and require your special attention.
Unless you have read and accepted all terms of the Agreement, you shall immediately cease to use the Service. By using the Service, you shall be deemed to have read and agreed to be bound by the Agreement.
II. [About the Service]
2.1 The “Inno” is a popular asset trading hub created by the Platform. Digital assets have greater price volatility and higher trading risks, and are suitable for those who have richer experience in digital asset trading and can better understand and fully bear the risks of digital asset trading.
2.2 The Platform reminds you that the Service has set strict “position limit” rules. That is, when the position value of your single digital asset reaches or exceeds the prescribed limit, you will not be able to buy the digital asset, but the sell order of the digital asset, the purchase order created and the purchase and sell orders of other digital assets will not be affected.
In addition to the above “position limit” rules, and other rules or announcements published on the Platform, the rules of the main board area of the Platform apply to other aspects of the Service.
2.3 The specific rules of the Service include all kinds of rules, statements, explanations, changes and abolished announcements that have been published by the Platform or may be published from time to time in the future. The above rules or announcements shall become an integral part of the Agreement once officially published, and you shall abide by them.
2.4 Before you enjoy the Service, the Platform has the right to require you to provide information and complete identity authentication according to relevant rules and procedures set by the Platform.
III. [Risk Reminders]
We hereby remind you that:
3.1 The digital assets themselves are not offered by the Platform;
3.2 The digital asset market is new and unconfirmed, and will not necessarily expand;
3.3 Digital assets are primarily used by speculators, and are used relatively less on retail and commercial markets; digital asset transactions are highly risky, due to the fact that they are traded throughout the day without limits on the rise or fall in price, and market makers and global government policies may cause major fluctuations in their prices;
3.4 The Platform may terminate your use of the Service, or the processing of any digital asset transaction, at any time if it determines in its sole discretion that you have violated the Agreement or that its provision or your use of the Service in your jurisdiction is unlawful.
3.5 Digital assets trading is highly risky and therefore not suitable for the vast majority of people. You acknowledge and understand that investment in digital assets may result in partial or total loss of your investment and therefore you are advised to decide the amount of your investment on the basis of your loss-bearing capacity. You acknowledge and understand that digital assets may generate derivative risks. Therefore, if you have any doubt, you are advised to seek assistance from an adviser first.
3.6 Furthermore, aside from the above-mentioned risks, there may also be unpredictable risks. Therefore, you are advised to carefully consider and use clear judgment to assess your financial position and the abovementioned risks before making any decisions on buying and selling digital assets; any and all losses arising therefrom will be borne by you and we shall not be held liable in any manner whatsoever.
4.1 You understand and agree that under no circumstance will the Platform be held liable for any of the following events:
• 4.1.1 loss of income;
• 4.1.2 loss of transaction profits or contractual losses;
• 4.1.3 disruption of the business
• 4.1.4 loss of expected assets losses
• 4.1.5 loss of information
• 4.1.6 loss of opportunity, damage to goodwill or reputation
• 4.1.7 damage or loss of data;
• 4.1.8 cost of purchasing alternative products or services;
• 4.1.9 any indirect, special or incidental loss or damage arising from any infringement (including negligence), breach of contract or any other cause, regardless of whether or not such loss or damage may reasonably be foreseen by us, and regardless of whether or not the Platform are notified in advance of the possibility of such loss or damage.
• 4.1.10 Items 8.1.1 to 8.1.9 are independent of each other.
• 4.1.11 4.1.1 to 4.1.9 are independent of each other.
4.2 You understand and agree that the Platform shall not be held liable for any damages caused by any of the following events:
• 4.2.1 Where the Platform are properly justified in believing that your specific transactions may involve any serious violation or breach of law or agreement;
• 4.2.2 Where the Platform are reasonably justified in believing that your conduct on the Platform is suspected of being illegal or immoral;
• 4.2.3 The expenses and losses arising from the purchase or acquisition of any data, information or transaction, etc. through the services offered by the Platform;
• 4.2.4 Your misunderstanding of the Services offered by the Platform;
• 4.2.5 Any other losses related to the services provided by the Platform, which cannot be attributed to us.
4.3 Where the Platform fail to provide the Services or delay in providing such Services due to information network equipment maintenance, information network connectivity failures, errors in computer, communications or other systems, power failures, weather conditions, unexpected accidents, industrial actions, labor disputes, revolts, uprisings, riots, lack of productivity or production materials, fires, floods, storms, explosions, wars, failure on the part of banks or other partners, collapse of the digital asset market, actions by government, judicial or administrative authorities, other acts that are not within our control or beyond our inability to control, or due to causes on the part of third parties, The Platform shall not assume any responsibility for such failure to provide service or delay in providing services, or for the resultant loss you may sustain as a result of such failure or delay.
4.4 The Platform cannot guarantee that all the information, programs, texts, etc. contained in the Platform are completely safe, free from the interference and destruction by any malicious programs such as viruses, trojans, etc., therefore, your log-into the Platform or use of any services offered by the Platform, download of any program, information and data from the Platform and your use thereof are your personal decisions and therefore you shall bear the any and all risks and losses that may possibly arise.
4.5 The Platform do not make any warranties and commitments in connection with any of the information, products and business of any third party websites linked to the Platform, as well as any other forms of content that do not belong to us; your use any of the services, information, and products provided by a third party website is your personal decision and therefore you shall assume any and all the responsibilities arising therefrom.
4.6 The Platform do not make any explicit or implicit warranties regarding your use of the Services offered by the Platform, including but not limited to the applicability, freedom from error or omission, consistency, accuracy, reliability, and applicability to a specific purpose, of the services provided by the Platform. Furthermore, the Platform do not make any commitment or guarantee in connection with the validity, accuracy, correctness, reliability, quality, stability, integrity and timeliness of the technology and information covered by the services offered by the Platform. Whether to log in the Platform or use the services provided by the Platform is your personal decision and therefore you shall bear all the risks and possible losses arising from such decision. The Platform do not make any explicit or implicit warranties in connection with the market, value and price of digital assets; you understand and acknowledge that the digital asset market is unstable, that the price and value of assets may fluctuate or collapse at any time, and that the transaction of digital assets is based on your personal free will and decision and therefore you shall assume any and all risks and losses that may possible arise therefrom.
4.7 The guarantees and undertakings specified in the Agreement shall be the only guarantee and statements that the Platform make in connection with the Services provided by us under the Agreement and through the Platform, and shall supersede any and all the warranties and commitments arising in any other way and manner, whether in writing or in words, express or implied. All these guarantees and statements represent only our own commitments and undertakings and do not guarantee any third party's compliance with the guarantees and commitments contained in the Agreement.
4.8 The Platform do not waive any of the rights not mentioned in the Agreement and to the maximum extent permitted by the applicable law, to limit, exempt or offset our liability for damages.
4.9 Upon you accept the Agreement, it shall be deemed that you approve any and all operations performed by us in accordance with the rules set forth in the Agreement, and any and all risks arising from such operations shall be assumed by you.
4.10 According to the applicable laws or the requirements of the competent authority, the platform can provide any information of you (including but not limited to identity information, transaction information, etc.) to the competent authority, and shall not bear any responsibility for the relevant consequences arising from the provision of such information.
4.11 In order to comply with changes in laws or regulations, or to maintain the overall health of the market, the platform will change policies, rules or implement emergency rules from time to time at its own discretion. Such changes or implementation may cause your account to be temporarily unable to access the service or interrupt other services. The platform shall not be liable for the above losses.
4.12 If your account number is frozen, sealed up or deducted by relevant organizations due to various reasons other than the Platform intentional, the Platform has the right to exempt from liability and shall not be liable for compensation.
4.13 You understand and agree that in order to provide You with better Services, the Platform shall have the right to regularly or irregularly overhaul, maintain and upgrade the Platform or relevant equipment used in providing the Services. Such overhaul, maintenance, and update may result in interruption or suspension of the Services for a reasonable period of time, and in this case, the Platform shall not be held liable for such interruption or suspension in any manner whatsoever.
4.14 You understand and agree that if the Services are interrupted or blocked due to any of the following circumstances, the Platform shall not be held responsible in any manner whatsoever:
• 4.14.1 Any failure or error in the computer software, computer system, hardware and communication lines of Yours or of this Platform;
• 4.14.2 Any improper operation by You;
• 4.14.3 You use the Platform in a manner that is not authorized by the Platform; and
• 4.14.4 Other circumstances beyond the control of the Platform or not reasonably foreseeable by the Platform.
4.15 You understand and agree that in no event shall the Platform be held responsible for any of the following matters:
• 4.15.1 Loss of income caused by Your inability to use any other service because You choose to use the Services hereunder, i.e., the loss of expected income caused by purchasing substitute products or services;
• 4.15.2 Losses in the form of price difference caused by fluctuations in the market price of digital assets after You choose to use the Services hereunder;
• 4.15.3 Losses that arise when You use the Services hereunder without obtaining the expected benefits therefrom;
• 4.15.4 Loss of opportunity, goodwill or reputation;
• 4.15.5 Any indirect, special or incidental losses or damages caused by infringement (including negligence), breach of agreement or any other reason on the part of any other party or third party involved in the Services, regardless of whether such losses or damages can be reasonably foreseen by us, or whether or not the Platform have been informed of the possibility of such losses or damages.
5.1 The headings of the terms and conditions of the Agreement are for convenience only and may not be used for the purpose of interpreting the terms and conditions of the Agreement.
5.2 If any term or condition in the Agreement is deemed by any competent authority as totally or partially invalid or unenforceable for any reason whatsoever, the other terms and conditions of the Agreement shall remain fully valid and binding on both parties hereto.
5.3 If there are no provisions in the Agreement, <User Agreement> of the Platform and the Platform rules shall apply.
5.4 The ultimate right to interpret the Agreement shall be owned by the Platform.