AXIA CAPITAL BANK – AXIA STAKING PROGRAM TERMS & CONDITIONS
Service and services in these Staking Program Terms & Conditions refers to all our services related to staking AXC on AXIAcapitalbank.com or associated communications and the stake pool(s) described therein (the “Service”). These SERVICES are primarily discussed (including various FAQs which further outline details on the Staking Program) here: axiacapitalbank.com/staking
If you do not understand the Services being offered, please do not proceed. You are welcome to inquire to the bank via our support email firstname.lastname@example.org with any specific questions in this regard.
Features of the AXIA Staking Program
The staking pool(s) including in the AXIA Staking Program – as of today – are as presented on this page: https://axiacapitalbank.com/staking/
(the “Staking Program”)
ACB reserves the right to adjust the characteristics, payout, timeframes and any other related offering of the Staking Program at any time without any prior notice.
ACB offers clients the option to exit the Staking Program (hereinafter referred to an “Early Exit”) subject to the following conditions:
- Any client who requests an Early Exit from a staking pool will forfeit ALL accumulated interest earned during the time they have participated in the Staking Program. Participation will be the date to which they first set up their staking account via their program subscription form submission to the exact date/time they request to leave the staking pool.
- The client’s AXC holdings will be returned to the equivalent USD value at the time they entered the staking pool. For example, if you deposit 1000 AXC into a staking pool valued at $1 USD for a total of $1000 USD in equivalent USD holdings on day one and you requested an Early Exit at a time when the value of AXC had risen to $2, you would receive 500 AXC which would be equivalent to the $1000 USD that you had initially deposited.
Debit Card Usage Limitation & Penalty
ACB recommends that clients do not combine Staking Program accounts with the AXIA Capital Bank Debit Card. However, if you choose to do so, you agree that you cannot exceed the initial deposit amount during the staking period. For example, if you designate 1000 AXC for staking and over a period of months have earned additional AXC via the Staking Program, you can never spend more than the original 1000 AXC deposited regardless of any additional AXC in your Staking Program account. The penalty for spending beyond the initial deposit is an immediate cancellation of the account and forfeiture of any staking income derived. For this reason, we do not recommend you combine the two programs. ACB reserves the right to cancel, at any time, the allowance of Staking Program participants to utilize a connected debit card or payment product within the same account at any time during the course of the Staking Program at its sole discretion.
End Of Term Procedures
At the end of the staking term the client’s earned AXC will be deposited back into their “hot wallet” account. Clients may be offered the opportunity to re-stake subject to the availability of future staking pools at that time.
The Service is provided on an ‘as is’ basis. We make no warranties, expressed or implied, and hereby disclaim and negate all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights.
Further, we do not warrant or make any representations concerning the accuracy, the correctness, likely results, or reliability of the use of the materials and information on our services on this website or any other affiliated website or otherwise relating to our services or specific returns to be generated through your use of the program, on our websites or on any sites linked to this site.
No Investment Advice: The information provided or our services do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We do not recommend how much digital currency you should buy, sell, or hold. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Furthermore, the decision which stake pool you choose is yours and yours alone.
In no event and under no law-theory of liability, including contract, tort, negligence, strict liability, warranty, or otherwise, will ACB be liable to you for any direct or indirect, consequential, exemplary, incidental, special, or punitive damages, or lost profits arising from or relating to these terms or the Services, including those arising from or relating to content and material made available on the services that is alleged to be defamatory, offensive, or illegal. Access to, and use of, the Services is at your own discretion and risk, and you will be solely responsible for any damage to your device or computer system, or loss of data resulting therefrom. The limitations of this section will apply to any law-theory of liability, including those based on warranty, contract, statute, tort (including negligence), or otherwise, and even if ACB has been advised of the possibility of any such damage, and even if any remedy set forth herein is found to have failed its essential purpose.
Furthermore, any liability is limited to the extent permitted by law.
To the extent the foregoing exclusion of liability is not permitted under applicable law, ACB’s liability in such a case will be limited to the greatest extent permitted by law.
Changes or End of Service
ACB reserves the right to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you. Any future release, update, or other addition to functionality of the Services will be subject to these terms and conditions, which may be updated from time to time. You agree that ACB will not be liable to you or to any third party for any modification, suspension, outage, or discontinuation of the services or any part thereof.
All provisions of the terms and conditions which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
ACB reserves the right to adapt and amend these terms and conditions at any time.
Should individual provisions of this contract be invalid or unenforceable or become invalid or unenforceable after the conclusion of the contract, the validity of the rest of the contract remains unaffected. The invalid or unenforceable provision shall be replaced by a valid and enforceable provision, the effects of which come closest to the economic objective that the parties to the contract had pursued with the invalid or unenforceable provision. The above provisions shall apply accordingly in the event that the contract proves to be incomplete