Application terms and conditions

Short version in human language

• You will use Hivello, and other people will use your hardware and internet connection resources by becoming a node on one or more networks.
• Hivello will attempt to generate cryptocurrency for you through facilitating network nodes.
• We strive to protect you from any legal liability and believe that you should not be liable for running Hivello and network nodes, but we cannot guarantee that you might not face it.
• You cannot use or encourage or assist others to use Hivello in any way that violates any laws or rights of any party, including intellectual property rights.
• Your use of Hivello is at your own risk. We provide it to you “as is” without any warranties.
• In no event will we be liable for any damages which you may incur.
• We recommend that you read the full version below to get acquainted with all of the terms and conditions.

Full version

Acceptance of terms

These terms and conditions (the “Terms”) constitute a binding legal agreement between you and Hivello Holdings Ltd (“Hivello” or “we”) that governs your use of Hivello.

Your use of Hivello is subject to these Terms. By using Hivello, you are fully accepting the terms, conditions, and disclaimers contained in this document and all policies and guidelines that are incorporated by reference. If you do not accept these terms and conditions, you must immediately stop using Hivello. You shall not use Hivello in contradiction with these Terms or any applicable law or regulation of the country or territory you originate from, reside in, or any applicable jurisdiction (the “Applicable Law”). For the purposes of these Terms, “using Hivello'' means accessing, connecting to, or utilizing Hivello in any other way.

You may use Hivello only if you are of legal age to form a binding contract and have the legal capacity to do so under the laws of your jurisdiction. If you are underage or lack this capacity, you must cease using Hivello immediately. Additionally, you must be the owner of the device on which you use Hivello.

Changed terms

We shall have the right at any time to change or modify the Terms or any part thereof or to impose new conditions, including, but not limited to, adding fees and charges for use. Such changes, modifications, additions, or deletions shall be effective 30 days after notice thereof, which may be given by means including, but not limited to, posting on our website, or by electronic or conventional mail, or by any other means by which you obtain notice thereof. Any use of Hivello after such notice shall be deemed to constitute acceptance of such changes, modifications, or additions.

Hivello

Hivello allows users (“Users”) to potentially earn cryptocurrency by connecting their computer and internet resources to one Network (“Network”) or multiple Networks (“Networks”) as a Network Node (“Network Node” or “Node”).

Your role

By using Hivello, you agree to act as a Node operator and become a part of the Network or Networks. These Terms govern your use of Hivello, Networks, and Network Nodes. Therefore, you consent that the Users and we may use your hardware, communication, and other resources.

Compensation

You may be compensated in the form of cryptocurrency for using Hivello and being a Node in a Network or Networks. The amount and timing of such compensation will be determined based on network performance and will be displayed in your Hivello account.

Equipment

You are responsible for obtaining and maintaining all necessary hardware, software, and other equipment required to use Hivello, as well as any associated costs.

Our role

We do not encourage, support, or contribute to illegal activities and are resolved to keep Hivello operating legally and to protect you. To this end, we enter into binding agreements with Users by which they undertake to use Hivello and the Networks only for legal purposes; however, we have no technical ability to monitor and control their activities on the Network and cannot guarantee that Users will comply.

Although we strongly believe that you should not be liable for the data or traffic which passes through your instance of Hivello and the Network Node, you accept, agree, and fully understand that we cannot guarantee that no illegal or criminal traffic passes in or through the Network and that you will never face any legal liability. In the case that you receive any inquiries from legal authorities about your use of the Network or face an official investigation related to the use of your resources by the User using the Network, we are free to decide whether to provide you with any help and assistance, including legal advice, that we might find necessary or suitable in the specific situation.

If you need our help or advice, please contact us immediately at [email protected].

Your conduct

You may not use Hivello in any manner that could damage, disable, overburden, or impair the servers and other resources of the Network or other Nodes, or interfere with any third party’s use of the Network. You may not attempt to gain unauthorized access to any aspect of the Network or to information for which you have not been granted access.

Without limiting the generality of the foregoing, you shall not use or encourage, authorize, or facilitate others to use Hivello for any illegal, harmful, fraudulent, infringing, or offensive use, including:

uploading, transmitting, streaming, accessing, displaying, receiving, or distributing any copyrighted, trademarked, or patented content which you do not own or lack consent or a license from the owner; extortion, blackmail, kidnapping, rape, murder, sale/purchase of stolen credit cards, sale/purchase of illegal substances, performance of identity theft; use of stolen credit cards, credit card fraud, wire fraud, bank fraud; hacking, pharming, phishing, or spamming in any form or scale; exploitation of or contribution to child exploitation photographically, digitally, or in any other way; connecting to the Network any devices, software, and/or hardware which does or may do any of the above; any other activities that are against the law of the country you originate from or reside in, and/or any other activities that are not compatible with the principles of democracy, freedom of speech, freedom of expression, and human rights. Your internet service provider (ISP) may set additional or stricter rules and requirements for using their services, including usage caps, speed limits, traffic management, etc. Please check your ISP terms of use and acceptable use policy for details. You agree to use the Network in full compliance with the rules and requirements of your ISP.

Your account, password and security

An ID and a private key (jointly, the “ID Data”) will be automatically created for you when you use Hivello for the first time. Network ID Data will also be created when Hivello connects you to a Network as a Node. You are entirely responsible for maintaining the confidentiality of your ID Data. Furthermore, you are entirely responsible for any activities that occur under your ID Data. You agree to notify us immediately of any unauthorized use of your account or any other breach of security. We will not be liable for any loss that you may incur as a result of someone else using your ID Data, either with or without your knowledge. However, you could be held liable for losses incurred by us or another party due to someone else using your account. You may not use anyone else's ID Data at any time, without the permission of the account holder.

Copyright notice

Our logos are our trademarks. All rights reserved. All other trademarks appearing on the Network are the property of their respective owners.

DISCLAIMER OF WARRANTY; LIMITATION OF LIABILITY YOU EXPRESSLY AGREE THAT USE OF HIVELLO AND NETWORKS IS AT YOUR SOLE RISK. NEITHER WE, OUR AFFILIATES, NOR ANY OF THEIR RESPECTIVE EMPLOYEES, AGENTS, THIRD-PARTY CONTENT PROVIDERS, OR LICENSORS WARRANT THAT THE NETWORK WILL BE UNINTERRUPTED OR ERROR-FREE; NOR DO THEY MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM USE OF THE NETWORK, OR AS TO THE ACCURACY, RELIABILITY, OR CONTENT OF ANY INFORMATION, SERVICE, OR MERCHANDISE PROVIDED THROUGH THE NETWORK.

HIVELLO AND NETWORKS ARE PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE WARRANTIES WHICH ARE IMPLIED BY AND INCAPABLE OF EXCLUSION, RESTRICTION, OR MODIFICATION UNDER THE LAWS APPLICABLE TO THIS AGREEMENT.

THIS DISCLAIMER OF LIABILITY APPLIES TO ANY DAMAGES OR INJURY CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION, OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF RECORD, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE, OR UNDER ANY OTHER CAUSE OF ACTION. YOU SPECIFICALLY ACKNOWLEDGE THAT WE ARE NOT LIABLE FOR THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF OTHER USERS OR THIRD PARTIES AND THAT THE RISK OF INJURY FROM THE FOREGOING RESTS ENTIRELY WITH YOU.

IN NO EVENT WILL WE, OR ANY PERSON OR ENTITY INVOLVED IN CREATING, DEVELOPING, OR MAINTAINING THE NETWORK, BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF THE USE OF OR INABILITY TO USE THE NETWORK. YOU HEREBY ACKNOWLEDGE THAT THE PROVISIONS OF THIS SECTION SHALL APPLY TO ALL CONTENT ON THE NETWORK.

IN ADDITION TO THE TERMS SET FORTH ABOVE, WE SHALL NOT BE LIABLE FOR ANY LOSS, DAMAGE, LIABILITY, OR EXPENSE INCURRED OR SUFFERED THAT IS CLAIMED TO HAVE RESULTED FROM THE USE OF THE NETWORK, INCLUDING, WITHOUT LIMITATION, ANY FAULT, ERROR, OMISSION, INTERRUPTION, OR DELAY WITH RESPECT THERETO. USE OF THE NETWORK IS AT YOUR SOLE RISK.

Indemnification

You agree to defend, indemnify, and hold us harmless, as well as our affiliates and our respective directors, officers, employees, and agents, from and against all claims and expenses, including attorneys' fees, arising out of your use of the Network, including, but not limited to, any violation of these Terms by you or any other person accessing the Network using your ID Data.

Payments and fees

Hivello will register you to one or more Networks as a Node, incurring a blockchain registration fee (the “Network Fee”). This fee will vary and will be automatically deducted from your account balance.

For each Network and Node that Hivello connects to you will potentially receive payment in cryptocurrency. The amount of cryptocurrency you earn will be displayed in Hivello. You can convert these cryptocurrencies to Fiat Money.

Hivello takes a 30% commission on all generated cryptocurrency after Fees.

Term and termination

We reserve the right to terminate your access to Hivello and the Network, without any advance notice, for conduct that we believe violates these Terms or is harmful to other users of Hivello or the Network, us, or our business partners, or for any other reason at our sole discretion.

Upon termination, we may delete any data associated with your account that is under our control, in accordance with our data retention policies.

Links to third-party sites

Any links to other websites (“Linked Sites”) found in the Network are provided solely as a convenience to you. Such Linked Sites are not under our control, and we are not responsible for and do not endorse the content of such Linked Sites, including any information or materials contained on such Linked Sites.

Updates and upgrades

We may release updates or upgrades to Hivello, the Network, or the software you use to connect to the Network. If you fail to install updates or upgrades, the Network may not function correctly, or certain features may be unavailable.

Miscellaneous

These Terms, and any operating rules for Hivello established by us, constitute the entire agreement between the parties with respect to the subject matter hereof, and supersede all previous written or oral agreements between the parties with respect to such subject matter. These Terms shall be construed in accordance with the laws of the Republic of Panama, without regard to its conflict of laws rules. If any provision of these Terms is found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms, which shall remain in full force and effect. No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term.