Term and Conditions

Terms and Conditions of WORLD GODS

Chapter I.  General Rule.

 

Article 1. (Purpose)

 

The purpose of this Agreement is to prescribe rights obligations, responsibilities, and other necessary matters between the company and its members regarding the conditions and procedures for the use of all relevant services provided by WORLD GODS (hereinafter referred to as the "service").

 

Article 2. (statement, explanation and revision of terms and conditions)

 

The contents of this agreement shall take effect by posting it on the company's service membership website or notifying the users in other ways, and agreeing to this agreement when the user subscribes as a member.

The company may amend this agreement to the extent that it does not violate the relevant laws, such as the act on the regulation of terms and conditions and the act on the promotion of information and communications network utilization and information protection.

If the company amends the terms and conditions, it shall announce the date of application and the reason for the amendment, along with the current terms and conditions, on the initial screen, pop-up screen, or notice of the company's website from 7 days before the date of application.

However, in the event of a change in contents that is unfavorable to or significant to the member, the member shall be notified 30 days before the application date.

If the company notifies the revised terms and conditions according to the previous paragraph and clearly notifies the members within the seven-day period, the member shall be deemed to have agreed to the revised terms and conditions if the member fails to express his/her intention explicitly.

If a member expresses an express intention that he/she does not agree to the application of the revised terms and conditions, the company cannot apply the contents of the revised terms and conditions, and in this case, the member may terminate the service contract. However, the company 

may terminate the service contract if there are special circumstances in which the existing terms and conditions cannot be applied.

 

Article 3. (Other than terms and conditions)

 

In addition to these terms and conditions, the company may notify or obtain consent from the members by prescribing separate notices, individual terms and conditions, individual agreements, information on use, operation policies, and detailed guidelines (hereinafter referred to as "detailed guidelines")

for the service, and if the details of the detailed guidelines conflict with the terms and conditions, "detailed guidelines" shall take precedence.

Matters or interpretations not provided for in this agreement shall be governed by the "Detailed guidelines" and the relevant statutes or correlations.

 

Article 4. (Definitions of terms)

The terms used in this agreement are defined as follows:

 

Member: refers to a person who has approved these terms and conditions and has signed a service contract with the company by signing up as a member.

 

ID: This refers to the e-mail address or mobile phone number registered by the member to identify the member and use the service.

 

Password: This refers to the combination of letters and numbers approved by the company by the member to check the identity of the member and protect the member information.

 

Seller: A member who intends to sell a virtual asset and has registered or applied for the virtual asset in accordance with the form provided by the company online.

 

Buyer: A member who intends to purchase a virtual asset and has registered or applied for the virtual asset in accordance with the form provided by the company online.

 

Content service: Paid services such as gift certificates sold by pin numbers, paper gift certificates, prepaid cards, etc. that provide gift certificates that can be purchased by Bithumb KRW or BTC, and prepaid cards that are charged with virtual assets.

 

Chapter 2 Application and acceptance of service use (membership registration and withdrawal)

 

Article 5. (Enforcement of a contract for use)

 

The user enters the membership information in accordance with the subscription form set by the company and signs that he/she agrees to the terms and conditions to apply for membership.

Membership is the time when the company's consent has reached the member.

The service contract is concluded on a member ID basis. When a service contract is established, the applicant is registered as a member.

A member who is not a real name or falsely subscribed by stealing personal information such as another person's name and phone number shall not be legally protected, and all civil or criminal responsibilities shall be borne by the member who has joined.

Those under 19 years of age limit the use of virtual asset transaction-related services provided by the company.

If the user is a citizen, citizen, permanent resident, resident, etc. of a country or region that has not implemented or non-cooperative international standards announced by the FATF (Financial Action Task Force), the use of the service may be restricted, and the members guarantee the following:

It may not be the people, citizens, permanent residents, or residents of countries that do not carry out or cooperate with international standards

Do not use the service while staying in a country where international standards are not implemented and non-cooperative

In the application under paragraph (1), the company may, if necessary, request real name verification and self-certification through specialized institutions according to the type of users according to the relevant statutes. 

The company shall not be held liable for any disadvantages caused by the refusal of such a request for provision and the user's identity is not confirmed.

 

Article 6. (Application for Use)

 

The application for use is made online by recording the requirements in the company's prescribed application form.

All member information on the online subscription form is considered to be real data, and users who do not enter their real names or actual information cannot be legally protected and may be restricted from using the service.

The company may suspend the use of the service, suspend the service, or terminate the service contract if it is found to be false or false information. The member shall be fully responsible for any damages caused to the company or third party.

 

Article 7. (Agree to the use of member information and accept the application for use)

 

The company uses the members' personal information for the purpose of implementing this service contract and providing services under this service contract.

Member information may be provided to the company affiliated with the company in order to make it easier for the member to use the services associated with the company. However, the company shall notify in advance the details of the member 

information to be provided and obtain the consent of the members before providing the member information.

The members can view and modify their personal information at any time by modifying their member information.

If a member enters membership information in the application form and applies for use under this Agreement to the company, it is deemed that the company agrees to collect, use and provide the member information listed in the application under this Agreement.

acceptance of application for use

 

The company may approve the membership if a member applies for use by accurately filling out all the requirements in the company's prescribed application form. However, in cases falling under subparagraph 2 or 3,

the company may withhold its consent or refuse to accept it.

 

The company may withhold its consent to any of the following applications for use:

A. Where there is no room for equipment

B. In case of technical difficulties

C. In case it is difficult to approve the use due to other company's circumstances;

 

The company may not accept any of the following applications for use:

A. If your name is not your real name

B. In the case of an application using the name of another person

C. In the case of falsely stating the necessary details when applying for use.

D. Where an application is made for the purpose of hindering the well-being and order or customs of society.

E. When there is a lack of application requirements set by the company,

 

Article 8. (Suspension and Termination of Use Contracts)

The service contract is terminated by the termination of the member or company.

When a member intends to terminate a service contract, he/she shall file an application for termination with the company after transferring all of his/her assets (virtual assets and won points).

The company may restrict the use of the service or terminate the service contract after the highest period for a considerable period of time if the member falls under the following reasons:

 

 

- If someone else's service ID and password are stolen

- Intentionally obstructed service operation.

- If the name you joined is not your real name

- Where a member uses the service for the purpose of undermining the social public interest;

- In the case of an act that damages or penalizes another person's reputation.

- Send large amounts of information or send advertising information for the purpose of hindering the stable operation of the service.

- In the case of distributing computer virus programs that cause malfunction of information and communication facilities or destruction of information, etc.

- In case of fraudulent use of other people's personal information, user ID and password

- Information obtained by using the company's service information is reproduced, distributed or used commercially without prior consent from the company.

- If the same user has double-registered with a different ID

- infringement of the intellectual property rights of the company, other members or third parties;

- Where there is a request for correction by an external agency, such as the Korea Communications Standards Commission, or where the Election Commission has received an authoritative interpretation in connection with illegal electioneering.

- Where personal information of users is collected, stored, or disclosed without their consent;

- Where it is objectively determined that the service use of a member is related to a crime;

- When trading virtual assets on behalf of others for the purpose of earning profits, such as commission fees, etc.;

- In the event that the member's actions violate other relevant laws and regulations, 

 

Procedures for discontinuing or restricting service use

If the company intends to restrict the use of the service, it shall notify the relevant member or agent in writing (including e-mail) or by telephone or by using the message function on the website.

However, if the company deems it necessary to urgently suspend the use of the service, it may restrict the use of the service without the previous paragraph.

A member or his/her agent notified of the service suspension may file an objection if he/she has any objection to the service suspension.

The company immediately cancels the suspension of use only when it is confirmed that the reason for the suspension has been resolved during the period of suspension

 

termination of service contract

 

If the same act is repeated more than twice after the company suspends or restricts the use of the service, or if the reason is not corrected within 30 days, the company may terminate the service contract.

If the company terminates the service contract, the membership registration is canceled. In this case, the company notifies the members and gives them an opportunity to explain before the cancellation of membership registration.

 

Article 9. (Changes in member information)

 

The members can view and modify their personal information at any time through the personal information modification screen. However, the real name, date of birth, gender and ID required for service management cannot be modified.

When the member applies for membership, he/she shall revise it online or inform the company of the change by e-mail or other means.

The company shall not be responsible for any disadvantages caused by not informing the company of the changes in paragraph 2.

Chapter III Members' Obligations

 

Article 10. (Member's obligation to manage member IDs and passwords)

All administrative responsibilities regarding ID and password are with the member. The member shall be responsible for all consequences caused by improper use of the ID and password granted to the member, and the company shall not be held liable for them. However, this is not the case if the company intentionally or by mistake.

If the member finds out that his ID has been used illegally, he must notify the company and follow the company's instructions.

In the case of paragraph (2), the company shall not be liable for any disadvantages caused by the member's failure to notify the company or the member's failure to comply with the company's instructions.

 

Article 11. (Providing Information)

The company can provide information on the following services and products for the convenience of use through wired and wireless telephones, e-mail, text messaging service (LMS/SMS), SNS, etc. In this case, the member can refuse to receive at any time.

 

 

Virtual Asset Transaction Related Services

Services related to events, events, etc.

Other services that the company decides from time to time and provides to its members

Chapter 4 General Provisions for Service Use

 

Article 12. (Type of Service)

The types of services provided by the company include transaction brokerage of virtual assets (including transaction API provision and retrieval of market price information), deposit, withdrawal, storage, stocking, and contents (purchase of gift certificates, prepaid card)

The types of services provided by the company may be changed from time to time according to the company's circumstances, and copyrights and intellectual property rights to the services provided belong to the company.

The company grants members the right to use accounts, IDs, services, points, etc. according to the conditions of use set by the company, and the members are not allowed to provide similar services or conduct commercial activities using the service.

 

Article 13. (Disclosures and Changes of Service Contents)

 

The company notifies the characteristics, procedures, and methods of each service through the service screen depending on the type of service, and the members shall understand the details of each service announced by the company and use the service.

The company may change all or part of the individual services it provides for operational and technical needs, provided that there are substantial reasons. In this case, the company notifies the user at least 7 days in advance.

 

Article 14. (maintenance and suspension of services)

In principle, the service shall be used 24 hours a day, 24 hours a day, 24 hours a year, unless there is a special problem with the company's business or technology. However, the date or time set by the company that requires regular inspection is not the case.

The company can divide the service into a certain range and set the available time separately for each range. In this case, the contents are notified in advance.

The company may stop providing the service in any of the following cases: In this case, the company will notify you in advance of the suspension of the service unless it is inevitable.

In case of unavoidable circumstances due to construction, such as repair of service equipment;

Where a fixed-term telecommunication service provider as stipulated in the Telecommunications Business Act has stopped the telecommunication service;

In the case of a service provided by an affiliate, etc., which is not directly provided by the company, but by a third party, such as an affiliate, when the service is suspended;

In case there is any other force majeure reason.

The company may restrict or suspend all or part of the service if normal service use is disrupted due to a national emergency, power failure, failure of service facilities, or excessive use of the service.

 

Article 15. (Restricting members from using payment)

 

The company may restrict the member's use of payment in any of the following cases:

Seller and Buyer are deemed to be the same person.

Upon request from the provider and issuer of the payment service.

In the above case, the company notifies the members of the information through the website announcement.

In the event of duplicate reasons for restriction, cancellation can be processed only if all restrictions are met.

 

 

The company may restrict or delay the members' use of deposits and withdrawals in any of the following cases:

In case the name of the member and the name of the depositor are deposited differently.

In case the service is outside the scope of the company's authority to use the service

Where there is information from national institutions, such as the police, the National Tax Service, and financial institutions that the member's account is suspected of being used for illegal activities;

In the above case, the company notifies the members of the information through the website announcement.

In the event of overlapping usage restrictions and delays, the cancellation can be processed only if the conditions for cancellation required by the manager or operator are met.

Article 16-2 (Exercise of the Electoral Authority of EOS BP)

According to the development of block chain technology and ideas, virtual assets such as PoS Deleted Proof of Stake or Delegated Proof of Stake (Dpos, Delegated Proof of Stake) can support the operation,

creation, maintenance, expansion, or development of the block chain network through so-called staking. 'Steking' refers to the participation of a particular virtual asset owner in determining the operation of the block chain

network by keeping the virtual asset in a designated account for a specified period and conditions, such as voting rights exercise or proof of equity. Specific methods or conditions may vary depending on the block chain network, 

and may change from time to time as block chain technology advances.

The company may provide virtual asset staging services to the extent technically possible, and members may apply for the company's provided staging services. In this case, the member agrees that the company uses the member's

virtual assets to support the operation of the block chain network of the virtual assets. The company guarantees that no property damage will occur to the member who has applied for the staging service.

The member is free to withdraw his/her application for the Steak Service at any time. The company does not support the operation of the block chain network in an appropriate number of virtual assets, so that the member's transaction 

or withdrawal request does not interfere. The company can guide you through a separate service page on how to use the specific staging service.

Chapter 5 Using Virtual Assets Transaction-related Services

 

Article 17.(Virtual Assets Sales Registration/Purchase Registration, etc.)

Any member who intends to sell or purchase virtual assets through the services provided by the company shall register the transaction in accordance with the registration form provided by the company.

Use of supplementary services

A member who intends to sell virtual assets may apply for additional services provided by the company for more effective sales at transaction registration. Specific details of additional services are determined separately by the company.

All services provided to members by the company in connection with the sale/purchase of virtual assets shall be granted access only to enhance the convenience of each member, and any provision of similar

services outside the scope of the service's right to use or commercial use shall be prohibited.

 

Article 18 (Restrictions on the Use of Transaction Services)

Sortation Reasons for restriction  Termination condition

Log In Blocking

①    In the event of a member's own request

②  In the event of failure of the identification procedure,

③  Where there is a request from a state agency or financial institution, etc.

④  Incorrect security password 5 times in a row

⑤ Where there is a reasonable doubt regarding or related to a crime or financial accident, such as voice phishing, etc

-  Resolving the reason for restriction -

④ terminates blocking after identification

  withdrawal block

① Where a member is a minor

② In the event of a member's own request

③ Where there is a request from a state agency or financial institution, etc.

④ When requesting the first withdrawal of a virtual asset purchased in KRW after subscription, however, it is blocked for 72 hours from charging KRW.

⑤  If KRW is charged more than 3 times for 24 hours. However, it is blocked for 72 hours from charging the 3rd KRW.

⑥ Where it is related to a crime or financial accident, such as voice phishing, or where reasonable doubt is raised about its relevance;

⑦ A person who acquires KRW or virtual assets without cause under the law.

Resolving the reasons for the restriction.

can be undone by visiting the offline customer center after verifying your identity.

 

Article 18-2 (Designation of investment-related items, etc.)

 

The company may designate certain virtual assets as investment-related items for protecting investors of virtual assets.

If the company designates or revokes investment-related items, it shall notify the members of the designation.

The company may decide to terminate the transaction support service for the virtual asset if the reason for the designation as an investment item is not resolved 30 days after the date of designation as an investment-related item.

If the company decides to terminate the transaction support service for a particular virtual asset pursuant to paragraph (3), it shall notify the member of its decision to terminate the transaction support service for a period of at

least 30 days prior to the date of termination of the transaction support service and related follow-up procedures.

The company may not provide all technical support such as deposit, hard fork, air drop, swap, etc. for virtual assets whose transaction support services have been terminated.

Chapter 6 Service Usage Fees

 

Article 19. (Contents of Service Fees Related to the Transaction of Virtual Assets)

 

The company charges the buyer/seller a fee in return for providing services over the Internet. Fees are specified in the company's website usage method and can be changed depending on the company and market situation.

Chapter 7 Privacy

 

Article 20 (Protection of Personal Information)

 

The company strives to protect the members' personal information as provided by the relevant statutes. The member's personal information is used only for the purposes and scope agreed by the member for the smooth provision of the service. The company shall not provide the members' personal information to third parties unless the members agree otherwise or the details thereof shall be determined by the Privacy Policy.

Sect. 8. Damage and Immunity Clause

 

Article 21. (Disclaimer and damages of the Company)

 

The Company shall not guarantee any matters not specified in this Agreement with respect to the Services. In addition, the company does not guarantee the value of virtual assets issued or not guaranteed by the company.

If the company is unable to provide services due to natural disasters, DDoS attacks, IDC failures, server down due to soaring service access, and other force majeure reasons, such as line failure of a fixed-term telecommunication service provider, the company is exempted from responsibility for providing services. However, 

this is not the case if the company has any intention or negligence.

The company shall not be held liable for any inevitable failure due to problems in the block chain, defects in the virtual asset issuance management system itself, technical problems, poor communication service provider, or regular server inspection. However, this is not the case if the company intentionally or by mistake.

The company shall not be held liable for any service disruption or consequences caused by the reasons attributable to the members. However, this shall not apply to cases where the company has intention or negligence, or where the member has justifiable reasons.

The company shall be exempted from responsibility if it makes transactions between members or between members and third parties through the medium of services. However, this is not the case if the company has any intention or negligence.

The company shall not be held liable for the use of the service provided for free unless there is a special provision in the relevant law or if there is no intention or negligence of the company.

The company may conduct regular, irregular, or urgent server checks to ensure stable service delivery. If there is an abnormal difference between the virtual asset market price of domestic and foreign virtual asset exchanges and the virtual asset market price of the order for purchase/sale of services after the server inspection,

the company may cancel the waiting order in accordance with its internal policy to protect the members.

If a third party-owned virtual asset is acquired or transferred without authority due to a service error, computer failure, or other reasons, the company may take necessary measures, such as retrieving or restoring the virtual asset after prior notice to the party.

If a member requests damages from the company, the company can compensate the member for damages by paying virtual assets or KRW points (KRW) through the member's electronic wallet in agreement with the member.

 

Article 22. (denial of proxy and guarantee)

 

The Company shall not have the authority to act on behalf of any member who intends to sell or purchase virtual assets, nor shall any of the Company's acts be regarded as an act of agency to the Seller or Buyer.

The company shall not guarantee the fact, authenticity, or legality of its intention to sell or purchase the products in connection with the sale and purchase among its members through the services provided by the company.

Sites linked to the company (such as merchandise coupons, paid content providers, etc.) are affiliated with the company through a contract, and the company provides only a link (link) to the affiliates, and all responsibilities for the affiliates' service operation and management, the sale, delivery, and refund of goods shall be borne by

the affiliates unless the company is intentional or culpable, and the company shall not participate in any of them.

 

Article 23. (Regulatory Courts and Compliance Laws)

 

The terms and conditions of use of this service are regulated and interpreted in accordance with the laws of the Republic of Korea, and if a lawsuit is filed between the company and its members

regarding the use of the service, such as the company's rate system, the Korean law applies.

In the case of a lawsuit between the company and its members regarding the use of the service, the court according to the procedures prescribed in the statutes shall be the competent court.

 

a supplementary clause