Quidax USDT Staking (“Earn”) Terms & Conditions

     A. Quidax USDT Staking

1. By participating in Earn, you acknowledge that you have read, understood, and accepted all of the terms and conditions (the “Terms”), and you acknowledge and agree that you will be bound by and will comply with these Terms. If you do not understand and accept these Terms in their entirety, you should not participate.
2. Earn is being offered by Quidax Technologies Limited.
3. All terms, provisions, and conditions — including any modification, addition, removal, alteration, reconstruction — in the Terms and Conditions of Use available on Quidax’s website are hereby incorporated into these Terms with the same force and effect as though fully set forth herein.
4. The Terms and Conditions of Use and these Terms together shall be construed as one and the same. Where the Terms and Conditions of Use are inconsistent with these Terms, the provisions of the Terms and Conditions of Use shall prevail.

   B. Definitions

• Applicable Law means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organization of which Quidax is a member), that are applicable to the provision, receipt or use of the Quidax services, or any other products or deliverables provided, used or received in connection with these terms.

• Earn means the staking options available on Quidax.
• Earn Yield means the daily yield that is paid to you when you participate in Earn.
• Earn Yield Rate means the annual percentage rate at which Earn Yield is paid to you.
• Earn Terms means these terms & conditions.
• Flexible Earn is as described in clause 5.
• Platform means the digital platform that Quidax may make accessible to you via a website, mobile app or the Quidax API.
• Quidax USDT Wallet means your USDT wallet on the Quidax exchange.
• Maturity Date means the last day of Earn.
• USDT means the U.S. Dollar Tether, a digital stablecoin issued by Tether Limited, which is designed to maintain a value equivalent to one U.S. Dollar (USD) and operates on various blockchain networks.

    C. How to participate in Earn

1. Users are automatically enrolled in Earn once their USDT wallet balance equals or exceeds 5 USDT, and automatically unenrolled once their balance falls below 5 USDT. For clarity, to be eligible to participate in Earn, you must maintain a minimum balance of 5 USDT at all times.
2. Earn is open to all Quidax users who have completed KYC verification. 
3. Quidax may prescribe minimum and maximum limits for participation in Earn.

    D. Flexible Earn

1. For Flexible Earn: With the Flexible Earn on Quidax, you earn daily yields on USDT balances that remain in your wallet for a full 24hrs period . 

• The Earn reward is calculated using Annualised Percentage Yield (APY) formula;
• The yield will be paid to your Quidax USDT Wallet and is calculated from the second day of your participation. This means that Flexible Earn Yield will be paid to your Quidax USDT Wallet only after the first full 24-hour period after you participate. The yield will be calculated with reference to the Flexible Earn Yield Rate on the day the yield accrues;
• Earn Yield Rate:
  1. may vary from time to time; and
  2. if it is changed, the new Earn Yield Rate will apply from the time and date specified by Quidax. If no time is specified, it will be midnight on the day that Quidax announces the change will take effect, on the Website. Changes to Earn Yield Rate will not affect existing Earn at the time the change takes effect.

• Yield: You are allowed to withdraw at any time as follows:

1. 1. Earn daily yields will be accrued and paid to your Quidax Wallet in 24-hour periods; and
   2. in some circumstances, including but not limited to events of extreme market volatility, network delays, payment of Earn yield  may be delayed.

      E. Changes to Earn Yield Rate

1. Quidax does not guarantee that you will continue to receive Earn Yield at Earn Yield Rate shown at the time you commenced participation in Earn. Any representation concerning possible yields at the time you commenced participation (i) is an estimate only and not guaranteed, and (ii) is based on Earn Yield Rate, which may change.

2. Changes to Earn Yield Rate will be published on the Quidax Website from time to time. YOU MUST REFER TO THE QUIDAX WEBSITE REGULARLY. QUIDAX WILL NOT LIABLE FOR ANY LOSSES ARISING, OR CONNECTED WITH, CHANGES TO EARN YIELD RATE, WHETHER OR NOT YOU WERE AWARE OF THOSE CHANGES.

      F. Restriction, Suspension or Canceling Your Access to The Platform

1. Quidax may stop, suspend or cancel your access to the Platform, impose limits to any Quidax accounts, or suspend or cancel your ability to participate in Earn, or delay certain transactions where:
   1. you do not provide correct and/or additional information to verify your identity or source of funds as requested by Quidax;
   2. Quidax is required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws);
   3. Quidax is required to do so to comply with any direction or instruction from a government body or agency;
   4. Quidax reasonably determines that any information you have provided to Quidax is wrong, untruthful, outdated, or incomplete; or
   5. you do not provide additional information that we request to our reasonable satisfaction or in a timely manner.

       G. Termination/Suspension of Earn Plan

1. Quidax reserves the right to terminate your Earn plan and/or suspend your Earn plan at its sole discretion, with prior notice. In the event of termination, the principal amount saved along with any accrued yield up to the date of termination shall be paid to you. Earn Yield will be calculated based on the applicable rate and your USDT balance up to the termination date. No further yield shall accrue following the termination date.

       H. Limitation of Liability

1. To the maximum extent permitted by law, we are not liable for any indirect, incidental, or consequential losses or damages arising from your use of the Earn Service, including any loss of funds, data, or profits.
2. Quidax does not accept any liability for any damage, death, loss, injury or disappointment suffered by any participants in Earn, save that Quidax does not exclude its liability for death or personal injury as a result of its own negligence. 
3. Quidax does not provide any form of practical or IT support for participation in Earn. Use of the Quidax website or mobile app to participate in Earn is governed additionally by its Terms and Conditions.
4. Quidax does not provide any form of financial support or advice for your participation in Earn You are advised to do your own research before entering and/or while participating in Earn.
   

   I. Account Information and Transaction Records

1. You will be able to view your account history on the Platform. You must review your account history carefully and let Quidax know if you see any entries or transactions that you do not recognize or you think are incorrect as soon as possible, and within 7 days after the date that your account history is provided or made available to you.
2. We may rectify any error in your account history at any time, and reserve the right to void or reverse any transaction:

1. involving or deriving from a manifest error (that is, any error, omission or misquote (whether an error of Quidax or any third party) which is manifest or palpable, including a misquote by any representative of Quidax taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation); or
2. to reflect what we reasonably consider to be the correct or fair details of the transaction.

1. We may be required under Applicable Law to share information about your accounts and use of the Platform with third parties including law enforcement agencies. You acknowledge and agree that we are entitled to disclose such information.

     J. Data Protection and Publicity

1. By participating in Earn, you consent to any personal information you provide being used by Quidax for the purposes of administering Earn, and for those purposes as defined within our Privacy Policy.
2. All personal information shall be processed in accordance with Quidax Privacy Policy.

    K. Technology Disclaimers

1. Quidax may, from time to time, suspend access to your Earn, Quidax Account and/or the Quidax services, or the Platform for both scheduled and emergency maintenance at its sole discretion. Quidax will make reasonable efforts to ensure that transactions on the Platform are processed in a timely manner, but Quidax makes no representations or warranties regarding the amount of time needed to complete processing, which is dependent upon many factors outside of our control.
2. Although Quidax makes reasonable efforts to update the information on the Platform, we make no representations, warranties or guarantees, whether express or implied, that the content on the Platform, including information in relation to the Quidax services, is accurate, complete or up to date.
3. You are responsible for obtaining the data network access necessary to use the Quidax services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the Quidax services, the Platform and any updates thereto. Quidax does not guarantee that the Quidax services, or any portion thereof, will function on any particular hardware or devices. Quidax services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.

   L. General Terms

1. All terms and references used in these Earn Terms and which are defined and construed in the Quidax Terms of Use (the Terms of Use), but are not defined or construed in these Terms, shall have the same meaning and construction in the Terms of Use.
2. Earn Terms are to be read together with the Terms of Use. In the event of any conflict or inconsistency between Earn Terms and the Terms of Use, the order of precedence in which the documents are to be read is first Earn Terms, and then the Terms of Use.
3. Quidax will contact you using the details you provide to Quidax. This may include contacting you by email, SMS, or telephone. It is important that you ensure that your contact details are correct and up to date. If your contact details change, you must let us know immediately. If you do not, Quidax will not be responsible if you do not receive information, notices, or other important information from Quidax.
4. Quidax may give notice by email to your email address. It is your responsibility to ensure that the email address is up to date and accurate. Notices may be given, and are deemed to be received, if sent to your email address, whether or not a notice of delivery failure is received.
5. You may give us notices only as Quidax directs, which may change from time to time.
6. You are only eligible to participate in one Earn at a time.
7. Any notices, consent, or other communication given under these Earn Terms must be in writing, in English, and signed or otherwise authorized by the party giving it.
8. For more information on Quidax, you may refer to the company and license information found on Quidax websites. If you have questions regarding these Earn Terms, please contact Quidax for clarification via the Customer Support team.