General conditions of use |FINOBINANSSE

1. Interpretation and Definitions

Interpretation

Words with initial capital letters have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or plural.

Definitions

For the purposes of these General Terms and Conditions:

The Company : refers to FINOBINANSSE (referred to as 'the company', 'we', 'us' or 'our' in this agreement).
Device : means any device that can access the Service such as a computer, a cell phone or a digital tablet.
The Service : refers to the Website and associated platform features.
The Terms and Conditions (also referred to as 'Conditions') : mean these Terms and Conditions that form the entire agreement between You and the Company regarding the use of the Service.
Third-Party Service : means any services or content provided by a third-party that may be displayed, included or made available by the Service.
Website : refers to FINOBINANSSE, accessible from our official domain.
Intellectual Property : means all intellectual property rights owned by the Company, including trademarks, logos, copyrights, know-how and trade names.
Digital Assets : are all digital assets (such as cryptocurrencies, stablecoins and tokenised assets) accepted by our platform.
Fiat-Backed Stablecoin : a cryptocurrency whose value is pegged 1:1 to a fiat currency (e.g. USDT, USDC, TUSD). If the exchange rate drops by 0.5% or more, we reserve the right to replace it with another compliant stablecoin.
You or the Client : means the individual or legal entity accessing or using the Service.
Loan : means any digital asset lending facility granted by the Company and the total amount owed at any time until full repayment.
Open/Closed Loan : a flexible loan with no fixed term, repayable at any time with interest calculated daily.
Fixed-Term Loan : a loan with a predefined term and fixed interest rate, repayable in full on the agreed maturity date.
Flexible-Rate Loan : an open-ended loan with a flexible interest rate, repayable in full at any time.
APY : Annual Percentage Yield (the interest rate on the return earned).
Earn Interest Product (Deposit) : a product that allows you to earn APY on select digital assets.
Withdrawal Balance : the total deposit amount plus accrued interest available for withdrawal.
Active Deposit : a deposit containing at least the minimum required amount of digital assets.
Classic Exchange Rate : the current market price rate, not guaranteed.
Real Rates : real-time exchange rates applied at the time the transaction is processed.
Margin call : the liquidation trigger threshold if additional collateral is not provided.
LTV (Loan-to-Value Ratio) : the ratio between the loan amount and the value of the collateral.
Liquidation : the automatic sale of collateral to cover the loan and accrued interest when the margin call price is reached.
Collateral (Guarantee) : digital assets provided by the Client as security for the loan.

2. Client Acknowledgement and Representations

By accessing the Service, you agree to be bound by these General Terms and Conditions. If you disagree with any part of these Terms, you must not use the Service.

You represent that you are over 18 years of age. The Company does not permit minors to use the Service.

You warrant and confirm that the digital assets transferred as Collateral or the funds used for their acquisition are not derived from money laundering, terrorist financing, fraud or any other illegal activity.

You acknowledge that you use our services and loan products at your own risk.

3. Links to Other Websites

Our Service may contain links to third-party websites or services. The Company has no control over and assumes no responsibility for the content, privacy policies or practices of any third-party sites. You acknowledge that the Company is not responsible for any damage caused by the use of such sites.

4. Termination

We may terminate or suspend your access immediately, without prior notice or liability, in the event you breach these General Terms and Conditions. Upon termination, your right to use the Service will immediately cease.

5. Limitation of Liability and Security (2FA)

To the maximum extent permitted by law, in no event shall the Company be liable for any indirect, incidental or consequential damages arising from or related to the use or inability to use the Service.

We use industry-standard security measures (encryption, regular audits, secure storage). However, the security of login credentials and access keys is the sole responsibility of the Client.

2FA Authentication Recovery

In the event of loss of 2FA access, the Client must follow our recovery procedure. Each request is handled on a case-by-case basis and may be rejected if the Client does not provide the required justification.

6. Loan Terms, Collateral and Liquidation

A loan is granted once the Collateral has been transferred to the platform. Upon receipt, the Collateral becomes a Deposit. Upon full repayment of the loan, the equivalent of the digital assets provided will be returned to you.

Interest accrues from the date of loan issuance and may be revised at our discretion.
You may repay your loan at any time by transferring the same digital assets as those of the granted loan.
Users who have not completed KYC verification may be subject to a daily withdrawal limit.

Margin Call and Liquidation

Each loan has an individual margin call threshold. If the collateral price reaches this threshold, the Collateral is automatically sold (liquidated) to cover the loan and accrued interest. Due to market volatility, the Client is solely responsible for monitoring their positions.

7. Fixed-Term and Flexible-Rate Loans

Fixed-Term Loans: Granted for a predefined period. If not repaid at maturity (notification sent 3 days prior), the Company will attempt to close the loan via the internal wallet balance or proceed with collateral liquidation.

Flexible-Rate Loans: Open-ended loans with interest calculated hourly. Any changes to terms are notified at least 24 hours in advance.

8. Earn Interest Product (Staking Deposits)

The Earn product allows you to generate an APY (default 5%) calculated daily on your digital asset deposits. Interest begins to accrue 24 hours after top-up. You may request withdrawal of assets and interest at any time.

9. Crypto Wallet, Operations and Fees

The wallet allows you to store, transfer and exchange supported cryptocurrencies. Operations (deposits, withdrawals, exchanges, repayments and collateral increases) may incur network fees and service fees displayed before confirmation.

10. Referral Program

Users may invite an unlimited number of referrals. Referral rewards and conditions are displayed in your dedicated space. The Company reserves the right to modify or suspend the programme at any time.

11. Restricted Jurisdictions

By using our services, you represent and warrant that you are not located in, or are not a citizen or resident of: the United States of America, the United Kingdom, or Hong Kong.

12. Modifications and Contact

We reserve the right to modify these Terms at any time. By continuing to use the Service after revisions take effect, you agree to the new terms.

For any questions regarding our services or these Terms, you may contact our support team 24/7 by email or via the live chat on the website.

General Conditions of Use