EARN 180 TERMS AND CONDITIONSThis document regulates the terms of contracting for the "Earn 180" services through the CRIPTAN web and mobile application (hereinafter, collectively referred to as the "Platforms").
Please carefully read these terms of contracting (hereinafter, the "Terms of Contracting") before making any purchases or using any services. In this regard, you consent to be bound by these Terms of Contracting, and should not contract any service on the Platforms if you do not agree to all the Terms of Contracting.
The language in which the contracting procedure will be processed and in which these Terms of Contracting are formalized will be, unless otherwise indicated, Spanish.
IDENTIFICATIONIn compliance with the duty of information set forth in article 10 of Law 34/2002, of July 11, on Services of the Information Society and Electronic Commerce, the following data of the owner are provided:-
Name: CRIPTAN TRADE S.L. (“CRIPTAN”);
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NIF: B98992738;
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Registered office: C/ Almirante Cadarso 26 46005 - (Valencia);
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Emal: atencion@criptan.com-
Registery data: Valencia Mercantile Registry, Volume 10523, Book 7804, Folio 110, Section 8, Sheet V-182811.OBJECTThese Conditions of Contracting aim to regulate the legal relationship between Criptan and the User.
SERVICE MECHANICS- Through access to the Platforms, the User can access the performance and duration conditions through the channels enabled for this purpose.
- If in agreement with the conditions established in the previous section, the User will provide the cryptocurrencies selected from the following: USDC, EUR (EURC), BTC, or ETH. They will provide the desired amount through the procedures enabled for this purpose on the Platforms.
- In case the User decides to invest Euros in Earn, the currency exchange from EUR to EURC will be carried out at the time of the investment.
- Regarding the maximum and minimum limits of the contributions, these will be adjusted to what is established in the "Rewards and Fees" section of the "Criptan Earn" section of the platform's website.
- The Financing Characteristics will be calculated considering Criptan's liquidity needs and the average interest rates for this type of business.
- Upon acceptance of the Financing Characteristics, the funds deposited by the User will be blocked until the expiration established in the communication.
- Criptan will be obliged to return to the User, within the agreed terms, the full amount that the User has contributed plus an interest previously agreed between the Parties and detailed in the Communication on the Financing Characteristics.
- Both the principal and the interest on it will be returned to the User in the chosen currency.
- All specific elements of the Contract defined by Criptan in the corresponding annexes must have been accepted by the Parties after accepting this Contract.
DURATIONThe contractual period will start counting on the first Friday at 00:00 UTC following the user's consent. The contract will expire after 182 natural days. On the expiration date, Criptan will proceed to return the principal.At the time of contracting, the User will have the option to select an automatic renewal option for the loan. That is, they may choose that at the end of the loan term, a new one is automatically contracted under the same conditions and amounts.USER OBLIGATIONSThe User undertakes to comply with the following obligations:
- Contribute the amount indicated in clause 1.2. of this Contract.
- Provide the Lender with any relevant information.
- Accept and comply with all the terms of this Contract.
- Always act in good faith.
CRIPTAN OBLIGATIONSCriptan undertakes to comply with the following obligations:
- Provide the necessary information requested with full accuracy;
- Provide the User with any relevant information regarding the acquisition of the good or service.
- Proceed with the payment of the agreed amounts within the agreed period in the Financing Characteristics.
- Always act in good faith.
PAYMENTS OF PRINCIPAL PLUS INTERESTCriptan must proceed with the payment of the agreed amount, which will consist of the sum contributed by the User plus the interest agreed upon through the account enabled for this purpose through the Criptan platform and within the agreed period.
The payment of the principal contributed by the User will take place after 182 natural days, from the first Friday following the user's deposit, as explained in CLAUSE FOUR.
On the other hand, the payment of interest will be prorated weekly. Therefore, every Friday from 17:30 CET onwards and within a maximum period of one hour, 1/12 of the total interest corresponding to the end of the loan will be delivered.
The Borrower may make early payment, although the agreed interest will not change.
FORCE MAJEURECriptan, under art. 1105 of the Civil Code, is exempt from any delay or non-compliance of this Contract to the extent that such delay or non-compliance is caused by fortuitous events or any other unforeseeable cause, or that, if foreseeable, is inevitable, being of external origin and beyond its reasonable control and diligence guided by good faith. Any delay or non-compliance falling within these external causes will suspend Criptan's obligations to comply with this Contract until the cause of the delay or non-compliance is eliminated. It should be noted that these are exceptional circumstances, the occurrence of which is unlikely. By way of example, the following can be mentioned:
- Strikes, lockouts or other labor actions;
- Civil unrest, riot, invasion, threat or terrorist attack, war (declared or not) Threat or war preparations;
- Fire, explosion, storm, flood, earthquake, subsidence, epidemic, pandemic, or any other natural disaster;
- Inability to use public or private telecommunications systems, for example, Ethereum network crashes or failures.
- Acts, decrees, legislation, regulations, or restrictions by any government or public authority.
DATA PROTECTIONIn accordance with the provisions of the General Data Protection Regulation and other applicable regulations, Criptan informs Users that the personal data provided through the Platforms or by email will be processed by Criptan as the data controller in accordance with the provisions of Criptan's Privacy Policy.
Likewise, Criptan informs the User that the acquisition or sale of bitcoins and other crypto assets may be recorded on a public Blockchain. Public blockchains operate as ledgers, designed to immutably record transactions on networks of computer systems. Many of these public blockchains allow forensic analysis that can lead to de-anonymization and involuntary disclosure of private financial information, especially when blockchain data is combined with other data.
Since blockchains are decentralized or third-party networks that are not controlled or operated by Criptan, Criptan cannot delete, modify, or alter, if applicable, the personal data hosted on such networks.
APPLICABLE LAW AND COMPETENT COURTThe transaction is understood to be carried out in Spanish territory, so these Terms and Conditions are governed by Spanish law, without prejudice to the provisions of art. 6.2 of Regulation 593/2008 of the European Parliament and of the Council.
In the event of a dispute, for clients operating outside the framework of their professional or business activity, both parties agree to submit, waiving any other jurisdiction that may correspond, to the jurisdiction of the Courts and Tribunals of the User's domicile.
In the event of a dispute, for clients operating within the framework of their professional or business activity, both parties agree to submit, waiving any other jurisdiction that may correspond, to the jurisdiction of the Courts and Tribunals of Valencia.
Finally, we remind clients that if they wish to file a complaint about any incident in the contractual relationship, they can submit the relevant claim by completing the following electronic form.
APPLICATION OF TERMS AND CONDITIONSFor aspects not covered in these Conditions of Contracting, the provisions of the General Terms and Conditions of Use shall apply.