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Terms & Conditions

1. Coinblast - hereinafter also referred to as “the Company”, “us”, “we” or “our” means COINBLAST LIMITED, registered under incorporation number: 79389624, 21st Floor, CMA Building, 64 Connaught Road Central, Hong Hong.

2. Coinblast Operation - Coinblast is operated by COINBLAST LIMITED, registered under incorporation number: 79389624, 21st Floor, CMA Building, 64 Connaught Road Central, Hong Hong.

3. Assets - refers to the Digital Assets, fiat currency, and E-Money held in your Account.

4. Digital Assets - means BTC, ETH, CBC, USDT, and any other digital asset, cryptocurrency, virtual currency, token, leveraged token, stablecoin, tokenized stock, volatility token, tokenized futures contract, tokenized option, or other tokenized derivatives product that is supported by and made available from time to time to transact using the Platform.

5. Virtual Currency - A value represented in digital form, which is digitally transferable, preservable, or tradable and accepted as a payment instrument by natural or legal persons, but is not the legal tender of any country.

6. CoinShares - Shares (digital share NFTs) in Auctions and the Coinblast ecosystem, which allow users to participate in Coinblast revenue.

7. Product Pack or Subscription - A digital product hub containing Coinblast products and providing access to exclusive Coinblast platform features.

8. Applicable Laws - All laws, rules of common law, principles of equity, statutes, regulations, directives, proclamations, ordinances, by-laws, rules, regulatory principles and requirements, mandatory codes of conduct, writs, orders, injunctions, judgments, and any awards of other industrial instruments, applicable to the provision, receipt, or use of the Services.

9. Exchange - The trading platform operated by Coinblast LLC or its Affiliates through which Users may transact in Digital Assets.

10. Regulatory Authority - Any foreign, domestic, state, federal, cantonal, municipal, or local governmental, executive, legislative, judicial, administrative, supervisory or regulatory authority, agency, court, commission, government organization, self-regulatory organization having regulatory authority, tribunal, or any division thereof, including any tax authority.

11. Fiat Currency - Any government-issued national currency.

12. Users - A user of the Services, including you.

13. Independent Associate or Partner or Distributor - The User who underwent the Registration on the Portal and is the User of the portal, accepted the terms of the distribution agreement, marketing plans and terms and conditions for using the Portal (and any attachments, should there be any). The Distributor intermediates the purchase of Coinblast Goods/Services between the User and the Service Provider - Coinblast LLC. The Distributor may only be a User who, on his own behalf and at his own risk, conducts business or professional activities in accordance with the law of the Distributor's country of residence.

14. Level - Determination of the position of the Distributor as part of the MLM Distribution Structure with respect to the Distributor creating a given Distribution Structure.

15. CBC - The utility and exchange token of the Coinblast ecosystem and is not offered in the United States or to U.S. citizens, the same refers to: UAE, Qatar and GCC countries and their national citizens.

16. Services or Coinblast Services - Refers to an ecosystem comprising Coinblast websites, mobile applications, clients, applets and other applications that are developed to offer Coinblast Services, and includes independently-operated platforms, websites and clients within the ecosystem with approval from Coinblast LLC to providing or mediating in selling Coinblast products and services. In case of any inconsistency between relevant terms of use of the above platforms and the contents of these Terms, the respective applicable terms of such platforms shall prevail.

17. Coinblast Account or Coinblast Profile - Refers to the foundational virtual account, including main account and sub-accounts, which are opened by Coinblast for Users to record on Coinblast their usage of Coinblast Services, transactions, asset changes, and basic information. Coinblast Accounts serve as the basis for Users to enjoy and exercise their rights on Coinblast.

18. KYC - Refers to the “know-your-customer” process that Coinblast has put in place before or during entering into a business relationship or conducting transactions with its Users. As part of this process, Coinblast may do anything that it deems necessary in order to identify Users, verify their identity, scrutinize and investigate User transactions, or comply with any applicable law or regulation.

19. External Account or External Wallet - Refers to digital currency wallets, cryptocurrency exchanges, bank accounts that are in no way associated with Coinblast, and are operated by third parties. An External Account is a service or product that is used to store official and unofficial means of payment as well as digital and financial goods such as NFT's, National Currencies, Virtual Currencies.

20. Layer 1 Network - Refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure. Layer-1 blockchains can validate and finalize transactions without the need for another network.

21. Layer 2 Network - Refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks.

GENERAL

1.1 IMPORTANT DOCUMENT - This document contains crucial information regarding your interactions with Coinblast concerning CoinShares, PowerPanel, Smart Auctions, Exchange, Wallet, Network, and your Account (Profile). It's advised that you read this document attentively and retain it for future reference. Specific services or transactions might have additional terms and conditions.

1.2 APPLICABILITY - This section applies to all transactions completed via the Services, including purchases or sales of Digital Assets, CoinShares, Product Packs, CBC, and NFTs, as well as any transaction involving the transfer of Assets between your Coinblast Account and an External Account. Changes to these terms may occur, so please consult our website for the latest information. For service issues or interruptions, contact us at [email protected].

1.3 CONDITIONS AND RESTRICTIONS - We reserve the right to refuse any trade, impose limits, or set conditions on transactions without prior notice. This includes limiting the number of open bids, offers, or orders you may establish, or restricting trades from certain locations.

1.4 ACCURACY OF INFORMATION - You must provide accurate and complete information when creating a Coinblast Account or as prompted by the Services. It's your responsibility to ensure the information you provide is current and truthful.

1.5 COMPLIANCE WITH LEGAL OBLIGATIONS - We are subject to various legal and regulatory obligations, which may require processing personal data for identity verification, payment processing, or compliance with legal requirements. Refer to our Privacy Policy for more details.

1.6 CANCELLATIONS - Once a transaction is executed, it cannot be changed or canceled. In extraordinary conditions, we may reverse a transaction at our discretion, but this is not a guaranteed right for customers.

1.7 ERRORS - We reserve the right to correct errors in transactions and adjust your transaction accordingly or cancel the transaction and refund any amounts received.

1.8 INSUFFICIENT ASSETS - Transactions requiring more Assets than available in your Coinblast Account may be canceled or partially fulfilled based on available Assets, less any applicable fees.

1.9 PAYMENT METHOD - Purchases must be made using valid payment methods as specified by us. You authorize us to charge your designated payment method for transactions.

1.10 TAXES - You are responsible for determining and fulfilling tax obligations related to transactions completed via the Services. Coinblast is not responsible for determining taxes or collecting, reporting, withholding, or remitting taxes on your transactions.

2. ELIGIBILITY

2.1 SERVICE AVAILABILITY - Coinblast services may not be available in all markets and jurisdictions, and usage may be restricted in certain U.S. states or foreign countries ("Restricted Locations"). By using the Services, you warrant that you meet legal entity requirements, are of legal age, have not been previously suspended from our Services, have the authority to enter this agreement, are not located in or a resident of Restricted Locations, and meet all eligibility requirements.

2.2 GEOGRAPHICAL RESTRICTIONS - Coinblast may not provide Services (excluding Crypto to Crypto Exchange) to citizens or residents of certain countries due to legal and regulatory frameworks.

3. Coinblast Account

3.1 Number of Accounts: Coinblast may limit the number of Coinblast Accounts a user may own. You are generally allowed one account by default. Having more than one account is prohibited unless Coinblast provides written consent for additional accounts.

3.2 Account Security: To engage in transactions via Coinblast Services, you must create a Coinblast Account and provide necessary information. You agree to: (a) create a strong password not used elsewhere; (b) provide truthful information; (c) maintain and promptly update your account information; (d) maintain your account's security; (e) promptly notify us of any security breaches; and (f) take responsibility for all activities under your account.

4. PRIVACY POLICY

Our Privacy Policy explains our practices regarding the collection, use, and sharing of your information. Please review it for a comprehensive understanding of our privacy practices.

5. Coinblast Account Assets

5.1 Funding Your Account: You must load Assets into your Coinblast Account from an External Account to complete transactions. You may need to verify control over the External Account used for loading Assets. Coinblast is not responsible for fees charged by External Accounts or for their management and security.

5.2 Load/Transfer Authorization: When you request to load Assets from your External Account or transfer Assets to it from your Coinblast Account, you authorize Coinblast to execute the transaction.

5.3 Rejected Transactions: Transactions may be rejected by External Accounts or may be unavailable. Coinblast is not liable for any damages from such rejected transactions.

5.4 Ending Digital Asset Support: Coinblast may cease support for certain Digital Assets at its discretion. It's your responsibility to remove such Assets from your account before support ends.

6. Risks and Internet Transmission Risks

6.1 Risks: The use of an Internet-based service like Coinblast includes risks such as hardware, software, and Internet connection failures. Coinblast is not responsible for communication failures or other service disruptions.

6.2 Asset Transmission Risk: Operational issues, human error, and malicious conduct can affect the transmission of Digital Assets, NFTs, and Legal Tender. Coinblast is not responsible for issues arising from the transmission of Assets.

6.3 Underlying Protocol Risk: Coinblast does not control the underlying software protocols of Digital Asset networks, which are generally open source. The security, functionality, and availability of these protocols are outside of Coinblast's control.

6.4 Risk Assumption: You acknowledge and accept the risks associated with using Coinblast's Services, including those outlined in this section and elsewhere in these Terms.

7. Affiliate Program Agreement

7.1 Agreement Between "Coinblast" and User (i.e., Independent Associate or "Partner"): By registering on the Coinblast platform and engaging in any activity with Coinblast, you agree to the statement that you are of legal age in your state of residence. You acknowledge that you are an independent contractor responsible for determining your own business activities and not an agent or employee of Coinblast. You are responsible for the payment of all federal and state self-employment taxes and any other taxes required under federal, state, or regulatory taxing agencies. You understand that this position does not constitute the sale of a franchise or distributorship and there is no enrollment fee required to participate as an Independent Associate of Coinblast.

7.1.1 Presentation Format: As a Coinblast Independent Associate, you agree to place primary emphasis on the promotion and support for the goals of Coinblast and the solicitation of non-Independent Associate individuals, businesses, and organizations as customers. You agree to strictly adhere to the prescribed presentation format and understand that failure to do so may result in termination as an Independent Associate.

7.1.2 Compliance: You have read, understood, and agree to comply with Coinblast's Terms and Conditions and Policies and Procedures. You acknowledge that these Policies and Procedures are an integral part of this agreement and that you must be in good standing and not in violation of any terms of this agreement to be eligible for any bonuses or commissions from Coinblast.

7.1.3 Changes and Modifications: Coinblast may provide additional Terms and Conditions for Independent Associates from time to time, as well as modify its compensation program. Such changes will become binding upon their publication on the official Coinblast website or through other official Coinblast communications.

7.1.4 Verification and Claims: You agree to verify the adulthood and legal capacity of your enrollees. You also agree not to make any claims or statements about Coinblast’s products that are not found on Coinblast’s official websites or marketing materials, or that are not explicitly approved by Coinblast. You agree to indemnify and hold Coinblast harmless in the event you make any unapproved statements resulting in legal action or investigation.

7.1.5 Transferability: Your position can be inherited or bequeathed but cannot be transferred or assigned during your lifetime without written consent from Coinblast. Transfers are generally permitted only in special cases due to medical, social, or other objective reasons that prevent you from continuing your activities as an Independent Associate.

7.1.6 Agreement Effectiveness: This Agreement is effective upon its receipt and acceptance by Coinblast, whether in written form, by mail or fax transmission, or through Coinblast’s website by clicking the Terms and Conditions tab to confirm agreement.

7.1.7 Support and Supervision: As an Independent Associate of Coinblast, you are responsible for supervising and supporting the Independent Associates you refer or enroll into the program and those in your commissionable downlines. You agree to maintain monthly communication and support these Independent Associates through personal contact, telephone communication, written communication, and attendance at Independent Associates' meetings.

7.1.8 Promotional Materials and Marketing Guidelines: Coinblast provides obligatory promotional materials and marketing guidelines to assist you in your capacity as an Independent Associate. Commissions are payable to Independent Associates according to the current Marketing Plan, which is incorporated in the Booklet. Coinblast will also provide one year of web-based back-office administration to all Independent Associates for the first twelve months of their Independent Associate status.

7.1.9 Ethical Conduct: You agree not to make false, misleading, or disparaging statements about Coinblast, its employees or founders, the Marketing Plan, Independent Associate positions, or the Coinblast mission and vision. The display of commission checks, making income projections, and use of income testimonials to prospective Independent Associates are strictly prohibited. You commit to conducting yourself as an Independent Associate in a courteous, fair, and ethical manner.

7.1.7 Change of Original Enroller: Changing the original enroller is not permitted. The Independent Associate and customer lists and names are owned by Coinblast and may not be used for any commercial or business purpose without prior written consent from Coinblast.

7.1.11 Compliance and Chargebacks: Any return of products or missing payments and fraud in your down-line or customer base may result in a chargeback against commissions or bonuses paid to you by Coinblast.

7.1.12 Use of Personal Data: You authorize Coinblast to use your name, photograph, personal story, and/or likeness in advertising or promotional materials and waive all claims for remuneration for such use.

7.1.13 Personal Expenses: You will be solely responsible for paying expenses incurred by yourself, including but not limited to travel, food, lodging, secretarial, office, telephone, cell phone, and other expenses.

7.1.14 Communication: You give permission to Coinblast to contact you by email or text messaging for reasons including, but not limited to, Coinblast announcements, bonus programs and promotions, changes in policy, etc.

7.1.15 Payment Processing Fees: Coinblast may charge you a check fee for any payment made to you by Coinblast check or by wire transfer or by direct deposit.

7.1.16 Non-Solicitation: You agree not to solicit another Coinblast Independent Associate or entity to join another network marketing opportunity offered by another company during the term of your Coinblast Independent Associateship and for a period of one year after. Violation of this policy may result in immediate termination, and you may be subject to injunctive relief, civil penalties, and monetary damages.

7.1.17 Intellectual Property: You agree not to use the Coinblast name, logo, pictures, trademarks, or any of the Coinblast’s published content to optimize any other website's position in a search engine. Engaging in such activities may cause financial harm to Coinblast and could result in you being required to pay damages to Coinblast, as well as possibly resulting in the termination of your status as an Independent Associate.

7.1.18 Promotion of Services or Products to Coinblast Associates: You understand and agree that you will not market or promote any outside service or product to any other Coinblast Independent Associates. This includes, but is not limited to, internet capture pages and sales leads. It is understood that in the course of your status as an Independent Associate of Coinblast, you may produce marketing tools to assist your downline organization to grow their Coinblast Independent Associateship. In doing so, you agree that such marketing tools must first be approved by Coinblast in writing, and you will not charge for any such marketing tools at any time. Further to this, you understand that while you are allowed to conduct independent training events for Coinblast, you may not charge an admission fee for such events without written consent by Coinblast.

7.1.19 Disciplinary Actions and Termination: You understand that if you fail to comply with the terms of this agreement or the Policies and Procedures of Coinblast, the company, at its discretion, may terminate your Independent Associateship or impose other disciplinary action, including but not limited to forfeiture of bonuses and commissions, loss of all or part of your downline marketing organization or customer base. If you are in breach, default, or violation of the agreement at termination, you shall not be entitled to receive any further bonuses or commissions. Termination of this agreement for any reason will result in you losing your rights as an Independent Associate, including rights to your downline marketing organization and customer base, and rights to compensation pursuant to the Coinblast Marketing and Marketing Plan. If you wish to disassociate from Coinblast and cancel your Independent Associateship, you may not be eligible to rejoin Coinblast for a period of 12 months.

7.1.20 Dispute Resolution and Arbitration: This section is critical as it requires each party to this Agreement to resolve disputes through arbitration. You agree to first contact us at [email protected] and attempt to resolve the dispute with us informally. If we have not been able to resolve a dispute after 90 days, we each agree to resolve any claim, dispute, or controversy through binding arbitration in Lithuania, European Union, in accordance with the applicable rules of arbitration. This section outlines the process, including the responsibilities for arbitration fees and the conditions under which you may pursue claims in small claims court instead of arbitration.

7.1.21 Agreement Term and Termination: The term of this agreement is one year, subject to cancellation as provided in the Terms and Conditions and Policies and Procedures. If you fail to renew your Coinblast Independent Associateship annually, or if it is cancelled or terminated for any reason, you will permanently lose all rights as an Independent Associate. In the event of cancellation, termination, or non-renewal, you waive all rights to your downline organization and any bonuses, commissions, or other remuneration derived from the sales and other activities of your former downline organization. The Coinblast reserves the right to terminate all Distributor Agreements upon 30 days' notice if the Coinblast elects to cease business operations, dissolve, or terminate distribution of its products and/or services via direct selling channels.

8. Minimum Technical Requirements

To access and use Coinblast's services, users must ensure their technology meets the following requirements: an Internet-connected device and a web browser capable of rendering websites. Supported browsers include Internet Explorer (any version from year 2023 or newer), Opera (any version from year 2023 or newer), Firefox (any version from year 2023 or newer), Google Chrome (any version from year 2023 or newer), and Safari (any version from year 2023 or newer). Additionally, users must have cookies and JavaScript enabled in their browser, support for encrypted SSL connections, and an active email account.

9. Diagnosing Problems The Service reserves the right to interfere with the technical structure of the individual or group User Account(s), in order to diagnose irregularities in the Service services functioning, which shall lead to modifying and/or restoring correct functioning of the User Account itself or the Service. If any problems occur in your knowledge, please contact the Customer Service of Coinblast, in order for such to be resolved.

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10. Final Provisions

10.1. Modification of Terms

Coinblast reserves the right, at its discretion, to modify, suspend, or discontinue any part of its services at any time, with or without prior notice. Coinblast shall not be liable for any such modification, suspension, or discontinuance. Notwithstanding the foregoing, all sales concluded prior to any such changes shall be governed by the Terms of Service and Return and Shipping Policy in effect at the time of the sale. Subsequent versions of these documents supersede all prior versions. We may inform you of significant changes to our Terms of Service or Privacy Policy in a manner deemed appropriate by us.

10.2. Integration

These Terms of Service, together with any additional documents you have agreed to, by any means of acceptance, constitute the entire agreement between you and Coinblast. Should any provision of these Terms be deemed unenforceable by a competent authority, such unenforceability will not affect the remainder of the Terms of Service.

10.3. Dispute Resolution

The parties agree to attempt to resolve any disputes arising under or in connection with these Terms of Service, including termination, through alternative dispute resolution mechanisms as a first recourse. Should such efforts prove unsuccessful, legal proceedings may be initiated. The applicability and enforceability of the remaining provisions of these Terms of Service shall not be affected by any provision found unenforceable by a court of competent jurisdiction.

10.4. Governing Law and Jurisdiction

These Terms of Service shall be governed by and construed in accordance with the laws of the jurisdiction in which Coinblast is established. Any disputes arising out of or related to these Terms of Service or the services provided by Coinblast shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.

10.5. Suspension and Termination of Services

Coinblast shall not be liable for any failure to perform its obligations hereunder where such failure results from any cause beyond Coinblast’s reasonable control, including, without limitation, mechanical, electronic, or communications failure or degradation. Coinblast reserves the right to suspend or terminate services to any user in breach of these Terms of Service, subject to reasonable and lawful discretion.

10.6. Business Transitions

In the event of a merger, acquisition, reorganization, or sale of assets, Coinblast reserves the right to transfer user information and content as part of the transaction. Users will be notified via email or a prominent notice on our service of any such change in ownership or control of personal information.

11. Exclusivity and Acknowledgment

The agreement concludes with clauses on exclusivity, confirming that Independent Associates cannot promote competing products or services. It also includes an acknowledgment regarding the compensation plan and changes to the agreement, ensuring that Independent Associates are aware of the terms of their engagement with Coinblast.

12. Other formal Agreements and Policies in power.

Coinblast is integral Social Wealth Multiservice with interconnected platforms, services, products and websites. Read more binding agreements and policies:

1. Coinblast Auctions Term’s & Conditions
2. Privacy Policy
3. Cookies Policy