YOU AGREE TO GIVE UP YOUR RIGHT TO GO TO COURT to assert or defend your rights under this contract, except for matters that may be taken to small claims court. Your rights will be determined by a NEUTRAL ARBITRATOR and NOT a judge or jury, and your claims cannot be brought as a class action. Please review the “Dispute Resolution and Arbitration” section below for the details regarding your agreement to arbitrate and dispute with Utopian Global.
MEMBERSHIP ASSOCIATION SUBSCRIPTION (MAS) / FREE MEMBER ACCOUNT (FMA)
MEMBERS MAY CANCEL THEIR FMA AND/OR MAS MEMBERSHIPS WITH UTOPIAN GLOBAL AT ANY TIME
Cancellation may be executed by the following methods:
SERVICES PROVIDED TO MEMBERS
Utopian Global`s services to associated Members include but are not limited to the following:
UTOPIAN GLOBAL SHOULD NOT BE CONSTRUED AS OFFERING FINANCIAL OR ANY MONETARY GUARANTEES WHATSOEVER.
UTOPIAN GLOBAL DOES NOT OFFER LEGAL OR TAX ADVICE, OR ASSESSMENTS OF THIRD-PARTY OBLIGATIONS.
CRYPTOGRAPHIC CURRENCY MINING CONTRACTS (CCMC)
Utopian Global Cryptographic Currency Mining Contracts (CCMC) are provided by third party company Genesis – Mining Ltd, (GM), a limited liability company incorporated under the laws of Hong Kong and having its registered office at:
Chinachem Century Tower, 31/F 178 Gloucester Road, Wanchai, Hong Kong.
In the case that we are unable to fulfil your crypto currency mining order you have two options:
Maintain your order until such time as the relevant pre-mining contracts [hashpower] becomes available.
*Net funds received are the funds that have been deposited for the purpose of purchasing crypto currency mining package(s). At no time does Utopian Global or its associated companies, directors, or employees accept responsibility or liability for any international transaction fees that may be applied or cross-currency exchange rates.
CONTRACT TERM SHA256 BTC CONTRACTS (APPLICABLE FROM 15.06.2018)
5 years (60 months) of continuous mining. Your mining services will run for 5 years, period - even in cases where your daily mining output falls below the Maintenance Fees. This way, you will always have the potential to produce cryptocurrencies as market conditions improve. The daily mining outputs are variable and are determined by three factors: the mining difficulty, the Bitcoin vs USD exchange rates, and the Maintenance Fees (these include all electricity, cooling, development, and servicing costs).
We cannot control the first two factors which are unpredictable, but we do always deploy state of the art mining technology and do our best to keep our data centres running at their maximum capability for you. You can find more in-depth information in our Customer Service Centre.
SHA256 BTC CONTRACTS MAINTENANCE FEE (APPLICABLE FROM 15.06.2018)
A fixed maintenance fee is deducted from all 5-year contracts for their full runtime. Current maintenance fees: USD 0.14 per TH/s per day.
Please note that the fee is fixed in USD but deducted from the daily pay-outs in BTC. Please refer to the Terms of Service for further details.
GENESIS - MINING (GM) TERMS: WHAT DOES “OPEN-ENDED” CONTRACT MEAN? (APPLICABLE TO SHA256 BTC CONTRACTS PRIOR TO 15.06.2018)
The specific duration of an Open-Ended contract is variable and determined by three factors:
We cannot control the first two factors, which are unpredictable, but we do always deploy the latest mining technology, and do our best to keep it running at its maximum capability for you.
In the event of a contract becoming unprofitable (i.e. the pay-out can’t cover the maintenance fee), the resulting daily pay-out will be zero. After that, the contract will continue to mine for 60 days. This means that we will take care of the maintenance fee in the hope that your contract becomes profitable again. This may happen if the mining network difficulty decreases and/or Bitcoin price increases.
(Note: New Golden Life DMCC and Royal Golden Enterprise GmbH do not sell or store Bitcoin or any altcoins on behalf of our Members).
We do not and cannot promise or guarantee any given results as this will vary depending upon the crypto currency pricing, difficulty rate, demand and supply, and operational costs such as Electricity, Cooling, Maintenance and Hosting Services.
KNOW YOUR CUSTOMER PROTOCOL (KYC)
UTOPIAN GLOBAL requires of all MAS including FMA holders to be in compliance with our Know Your Customer (KYC) protocol. KYC approval is required prior to potential Members/Members purchasing any Utopian Global products and/or services. Potential Members/Members are required to submit the following:
You will be required to follow these steps:
Open the email, and then print, sign and scan this document.
ALSO scan the Positive Identification information.
All information provided, such as name and address, must be EXACTLY THE SAME as the information provided on positive or government-issued identification.
INTERNATIONAL ANTI-MONEY LAUNDERING STATEMENT (IAMLS)
UTOPIAN GLOBAL shares in the international community’s efforts against money laundering and other illicit, illegal, or immoral activities. Utopian Global International Anti-Money Laundering Statement (IAMLS) is our acknowledgment to exercise due diligence and taking reasonable steps to identify and report to the proper authorities any suspicious activity UTOPIAN GLOBAL deems contrary to this IAMLS. All Utopian Global members, associates and affiliates pledge their commitment to upholding and maintaining this non-negotiable standard.
BY USING THE SERVICE YOU AGREE NOT TO:
Interfere with security-related features of the Service, including by:
interfere with the operation of the Service or any user’s enjoyment of the Service, including by:
ALL RIGHTS RESERVED WITH A PARAMOUNT CLAIM
Your continued use of this site following the posting of changes to these terms, conditions, or other policies means you accept the changes.
AUTHORITY / VENUE / GOVERNING LAWS AND JURISDICTION
All issues, matters, claims, disputes, et al. are subject to venue of a court of competent jurisdiction. UTOPIAN GLOBAL and its associated companies grant no waivers of proper notice and due process of law. UTOPIAN GLOBAL reserves all rights and remedies provided by the operation of law.
RIGHT TO PRIVATELY CONTRACT
UTOPIAN GLOBAL and its associated companies reserve the right to privately contract without third-party intervenors and/or interlopers; It is the responsibility of all members, associates, and affiliates to assess their obligations to any third party, if any, and hold UTOPIAN GLOBAL harmless, without recourse, to any complaints and or claims brought by any person, entity, or people who are not a real party of interest to this agreement. Any member, associate, and affiliate acknowledge that they are exercising their individual right to privately contract without the interference of any third party which may include a waiver of any public benefit or public governing agent or agencies, regardless of whether they are a holder of any public duty bearing obligations and/or instruments.
This is an Actual, Constructive, Administrative, and Judicial Notice: To all to whom these presents shall come to the behaviour, conduct and actions for which may limit power, authority, and/or jurisdiction.