Last updated: 27/07/2021

Introduction

Staking Partners is ruled in accordance with the following agreement. Please read carefully and fully understand these “Terms and Conditions”.

By staking to our #TOP stake pool, you hereby confirm that you have read these terms, understand the terms, and you agree to abide by all of the terms and conditions in this agreement.

By using our website, you hereby consent to our disclaimer and agree to its terms.

Members are responsible for reading and understanding the “Loyalty Program Rules”,  the “Disclaimer”, “Cookies Policy” and other communications from SP in order to understand their rights, responsibilities and rank in the Loyalty Program.

You have read and accepted these “Program Rules”, “Disclaimer”, the “Cookies Policy” and the “Website Terms of Use” here attached by reference.

Changes and updates to these documents may arise at any time with immediate effect overruling the older. Loyalty Members are responsible for remaining knowledgeable.

If You do not understand anything from the Terms or if You have any questions or comments, please email Us to info@staking.partners

Interpretation

The words of which the initial letter is capitalized have meanings defined under the following conditions. The following terminologies shall have the same meaning regardless of whether they appear in singular or in plural and applies to these Terms and Conditions, Disclaimer Notice and any or all Agreements. 

Terminology 

“Delegator”, “User” and “Member” refers to you, the person staking their ADA tokens to #TOP Staking Pool. 

“SP”, “We”, “Our” and “Us”, refers to Staking Partners.

“You” means the individual, the company or the other legal entity on behalf of which such individual is accessing to our Web or staking to #TOP Staking Partners.

“Party” refers to either You, or Us, or any other party to this Agreement. “Parties” refer to both You and Us. 

“Service”, “Staking Service” refers to #TOP Staking Pool.

“Agreement”, “Terms” mean this Terms and Conditions that form the entire agreement between You and Us regarding the use of the Service.

“Website” or “Web” refers to https://staking.partners/

“Cardano Staking Rewards” refers to the rewards given for minting a block.

“Loyalty Staking Rewards” refers to the rewards from our own Loyalty Program.

“Staking Period” refers to the length of time or period ADA tokens are staked, explained in “6. Types of Membership”.

1. What do we do 

Staking Partners is dedicated to expanding and securing the Cardano proof-of-stake protocol at the core of Ouroboros. We will perform in a professional, workmanlike way and consistent with industry standards. Security safeguards are employed to protect the integrity and availability of #TOP Staking Pool, and to avoid missed block production.

There are no fees for re-delegation, and We will pay the Cardano rewards accumulated by You until your delegation rights transfer from Us.

We run our own Cardano Loyalty Program where Users earn ADA rewards in addition to the official Cardano reward system, participating in #TOP Stake Pool profits besides the potential market price.

A stake pool incurs some costs, namely electricity, network connectivity, equipment depreciation, and so on… We will deduct a merely 3% fee of the total block rewards obtained by #TOP Staking Pool. 

Reward payments made to a Delegator are exempt of transaction fee, however if transaction fees become necessary due to network congestion these will be deducted from the Cardano reward payment.

Further, Delegators to our #TOP Staking Pool are considered Junior Staking Partners where the longer you pool your ADA with us, the more ADA rewards you earn participating in #TOP Staking Pool profits. This transaction has the transaction fee which will be deducted from the Loyalty reward payment.

As we strive to achieve the utmost transparency in this relationship our accounting is totally public and transparent.

We provide our delegators access to the protocol; we do not control the inflation or staking rate or any other parameters of the protocol.

2. System

Our Loyalty program rewards are calculated by using Weighted Average. These calculations take into account the degree of importance of time overall and the size of the stake delegated. 

As a non custodial staking platform for Cardano, none of your tokens staked in our #TOP Staking Pool are the property of, transferred, invested or loaned to Staking Partners.

Your ADA stays in your wallet. At all times, all rights and control over your ADA tokens remain with you. We do not have the ability to withdraw, transfer, buy, or sell them. Your ADA is never locked.

Rewards will be transferred directly to the corresponding Delegator wallet address on #TOP Staking Pool. 

At the end of every quarter, a snapshot is created. A snapshot is a record related to the quantity and length of your ADA stake used to calculate your extra reward.

We will send you extra ADA tokens depending on the rank you are classified (6. Types of Membership).

3. Join the Loyalty Program

Participation in the Loyalty Program is free and available to any individual who:

3.1. Possesses the legal authority to agree to the Program Rules.

3.2. Resides in a jurisdiction which legally permits participation in cryptocurrencies.

If any Member has any questions about the Loyalty Program or these Program Rules, the Member should contact us by email to info@staking.partners .

4. Participating

In order to participate in our Loyalty program to earn even more rewards, you only need to pool your ADA tokens to our Cardano #TOP Stake Pool for a minimum of 30 consecutive days.

Participating in our Loyalty Program, you affirm and promise that:

4.1. You will comply with the laws of your country or region.

4.2. You are the owner of the ADA tokens and you guarantee that the sources are legit.

4.3. You are above the legal age, with full capacity, and have all the necessary rights and abilities to carry out all actions considered hereafter. 

4.4. You have full knowledge on the staking of cryptocurrency assets and fully aware of the risks involved. As a non custodial pool the owner of the tokens carry all risk of their tokens. 

4.5. You are the only one responsible for any taxes, including penalties, duties and interest levied by any government. Cardano benefits may be subject to income or other taxes. The Member is responsible for paying all such taxes.  Staking Partners will not be liable for any tax liability, duty or other charges.

5. Benefits of Membership

Loyalty Program Members will have extra ADA rewards every quarter to recompense the loyalty time that Members have been staking with us.

Rewards distribution is based on “Weighted Average Calculations”. The length of staking and the quantity of tokens are multiplied by a predetermined weight.

You can compute the weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together.

6.  Types of Membership

Our tiered loyalty program is a type of membership program where there are different loyalty program benefits depending on your rank. We have segmented in five (5) ranks of staking periods with its proportional yield:

6.1. Fearless Fish. After 30 days / 6 Epochs your weighted time value is 5%. 

6.2. Brave Stingray. After 90 days / 18 Epochs (1st Quarter ) your weighted time value is 10%.

6.3. Smart Dolphin.After 180 days / 36 epochs (2nd Quarter) your weighted time value is 15%.

6.4. Spiritual Shark. 270 days / 54 Epochs (3th Quarter) your weighted time value is 20%. 

6.5. Wise Whale. 365 days / 72+1 Epochs (4th Quarter or ) your weighted time value is 50%.

7. Other Conditions of Enrollment

7.1.  Unstaking your ADA tokens before the end of our Quarter Loyalty Period will conclude your participation. Thus we are under no obligation or liability to fulfill the accrued rewards of our own Loyalty Program.

7.2. The Member “Time Weightage” will be forfeited. “Time Weightage” has no cash value and SP will not compensate or pay cash for any forfeited.

8. Additional Terms Of Participation In The Loyalty Program

8.1. We make no warranties or representations, either expressed or implied, with respect to type, quality or fitness of Cardano ecosystem.

8.2. We are not responsible for any loss or misdirection of, or delay in receiving, any communication.

8.3. All interpretations of these Loyalty Program Rules regarding membership are at our sole discretion, and Staking Partners decisions will be final.

8.4. Staking Partners are the sole and exclusive owner of the trademarks, trade names, logos and copyrighted or copyrightable materials. No one shall never, directly or indirectly, interfere with, challenge, file applications for, or claim ownership of these anywhere in the world. 

8.5. We will not be held liable should the Service be unavailable for any amount of time resulting in missed block production.

8.6. The discontinuation of our Loyalty Program at any time for any or no reason is at Staking Partners’s sole discretion. If the Loyalty Program is terminated, all “Time Weightage” will be forfeited without any obligation or liability, and no Redemption Award claims or promotional Award claims will be honored. The Company may terminate any of the Loyalty Program in whole or in part, in any jurisdiction or may choose to substitute a similar Loyalty Program.

9. Membership Communications

9.1. Anyone will receive our newsletters just if you signed in for. 

9.2. You should just pick one contact channel to contact us in order to keep track easily. 

9.3. You can email us to info@staking.partners, use Whatsapp or Telegram.

9.4. Our team will never ask you for your recovery phrase, or your wallet password. If someone claiming to work for Blockchain support asks you for this, please let us know immediately.

10. Links to Other Websites

10.1. The Web may contain links link to external sites that are not operated by Staking Partners. Thus We cannot accept responsibility or liability for their respective privacy practices, the content, or practices. 

10.2. You further acknowledge and agree that We shall not be responsible or liable, directly or indirectly, for anything caused or alleged be caused by them.

10.3. We strongly advise You to read the terms and conditions of any third-party websites or services that You use or visit.

10.4. These links to other websites do not imply a recommendation for all the content found on these sites.

10.5. All the information on our Website is published in good faith and for general information purposes only.

11. Intellectual Property

Unless otherwise indicated, the Site and our Services are our proprietary property, and all website designs, audio, video, text, photographs, and graphics on the Site and the trademarks, service marks, and logos contained therein are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws.

You are free to share, copy and redistribute the material in any medium or format under the following terms:

11.1. Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

11.2. NonCommercial — You may not use the material for commercial purposes.

11.3. NoDerivatives — If you remix, transform, or build upon the material, you may not distribute the modified material.

11.4. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

12. Force Majeure

We shall not be responsible for damages or for delays or failures in performance resulting from acts or occurrences beyond Our reasonable control, including, without limitation: fire, lightning, explosion, power surge or failure, zombie attack, Godzilla, war, civil commotion or acts of civil or military authorities or public enemies; epidemics, pandemics; any law, order, regulation, ordinance, or requirement of any government or legal body or any representative of any such government or legal body; or labor unrest, including without limitation, strikes, slowdowns, picketing, or boycotts; inability to secure raw materials, transportation facilities, fuel or energy shortages, or acts or omissions of other common carriers.

13. Cookies and personal data policy

We use cookies on our Site to make a User’s experience more efficient. Your privacy is important to us, so You do not need to give any personal information. Solely an email is required to offer relevant support, inform you about new or updated services and other info, to prevent the abuse or misuse of our service.

For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that we use as plugins or widget in our Site.

13.1. Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

13.2. Preference

Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

13.3. Statistics

Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.

13.4. Marketing.

We DO NOT use this kind of cookie as we are totally independent. Your privacy is important to us.

13.5. Social Media Third Party Cookies

To enrich our website content, sometimes we may embed video content from other social media websites such as YouTube. As a result, when you visit a page with content embedded, you may be presented with cookies from these websites. We also offer a “share page” widget on some of our web pages, where content can be shared easily. 

13.6. How to Control and Delete Cookies

Staking Partners does not use cookies to collect personally identifiable information about you. Open up the settings menu for your browser and find the privacy and security section. Here, you’ll be able to alter your browser’s cookie policies. You can be as severe as you wish but our website will not be accessible in part or at all. Use an “Incognito” or “Private” browsing mode to browse the internet without any cookies. In order to know more, please visit www.allaboutcookies.org.

14. DISCLAIMER 

14.1. YOU MUST USE OUR SERVICE FOR LAWFUL PURPOSES ONLY. 

14.2. YOU WILL COMPLY WITH ANY AND ALL APPLICABLE LAWS REGARDING YOUR USE OF THE SERVICE. 

14.3. YOU ARE EXPECTED TO HAVE KNOWLEDGE OF BLOCKCHAIN TECHNOLOGY, STAKING, ACCOUNTS, KEYS, CRYPTOCURRENCY MARKET AND YOU ARE SOLELY RESPONSIBLE FOR DETERMINING WHETHER THIS SERVICE IS APPROPRIATE FOR YOU. 

14.4. YOU ARE RESPONSIBLE FOR THE SAFETY AND SECURITY OF YOUR OWN PRIVATE KEYS. OUR TEAM WILL NEVER ASK YOU FOR YOUR RECOVERY PHRASE, OR YOUR WALLET PASSWORD.

14.5. NEITHER WE WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION ON OR THROUGH THE WEBSITE. THE INFORMATION MAY BE OUT OF DATE , AS HUMANS WE ARE NOT PERFECT. 

14.6. AS A NON CUSTODIAL POOL NONE OF YOUR TOKENS DELEGATED IN OUR POOL ARE THE PROPERTY OF, TRANSFERRED, INVESTED OR LOANED TO US THEREOF.

14.7. NO ONE CAN PROVIDE ANY GUARANTEES OR MAKE ANY COMMITMENTS AS TO THE AMOUNT OF STAKING REWARDS TO BE EARNED THROUGH YOUR DELEGATION. 

14.8. WE SHALL NOT BE HELD LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER. YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS, UNDERSTAND THE TERMS, AND WILL BE BOUND BY THESE TERMS. 

Tagged with: , , , ,