Website terms and conditions
Welcome to our website. If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use, If you disagree with any part of these terms and conditions, please do not use our website.
The content of the pages of this website is for your general information and use only. It is subject to change without notice. Our Service allows you to post, link, store, share and otherwise make available certain information, text, graphics, videos, or other material (“Content”). You are responsible for the Content that you post to the Service, including its legality, reliability, and appropriateness.
By posting Content to the Service, you grant us the right and license to use, modify, publicly perform, publicly display, reproduce, and distribute such Content on and through the Service. You retain any and all of your rights to any Content you submit, post or display on or through the Service and you are responsible for protecting those rights. You agree that this license includes the right for us to make your Content available to other users of the Service, who may also use your Content subject to these Terms. You represent and warrant that: (i) the Content is yours (you own it) or you have the right to use it and grant us the rights and license as provided in these Terms, and (ii) the posting of your Content on or through the Service does not violate the privacy rights, publicity rights, copyrights, contract rights or any other rights of any person. Our Service allows you to post, link, store, share and otherwise make available certain information, text, graphics, videos, or other material (“Content”). You are responsible for the Content that you post to the Service, including its legality, reliability, and appropriateness.
Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements.
This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
All trade marks reproduced in this website which are not the property of, or licensed to, the operator are acknowledged on the website.
Unauthorised use of this website may give rise to a claim for damages and/or be a criminal offence.
From time to time this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s). We strongly advise you to read the terms and conditions and privacy policies of any third-party web sites or services that you visit.
Your use of this website and any dispute arising out of such use of the website is subject to the laws of Spain.
When you create an account with us, you must provide us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms, which may result in immediate termination of your account on our Service.
You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service.
You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.
You may not use as a username the name of another person or entity or that is not lawfully available for use, a name or trade mark that is subject to any rights of another person or entity other than you without appropriate authorization, or a name that is otherwise offensive, vulgar or obscene.
The Service and its original content (excluding Content provided by users), features and functionality are and will remain the exclusive property of the web.
We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.
Upon termination, your right to use the Service will immediately cease. If you wish to terminate your account, you may simply discontinue using the Service.
Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance.
Escrow Sercive, the payment that guarantees the fulfillment of the contract. Basically, the escrow is a deposit guarantee contract in which the money is in reserve through a third party. He will take care of releasing the payment when you have received the token. If the money is in the hands of a third party, the deposit is made in advance, but waiting for the transfer of ownership is ready to release the funds.
In a few words, the escrow is the trust entity between the supplier and the client. For all purposes, the operation performed through the online virtual mining interface available in wetcoin.win, is a financial transaction corresponding to an P2P exchange between cryptocurrencies, in which a part delivers an agreed amount of Token Wetcoin and receives a agreed amount of Bitcoin, and the other part delivers an agreed amount of Bitcoin and receives an agreed amount of Token Wetcoin, the web wetcoin.win only acts as escrow, without perceiving benefit in the operation. Patrimonial gains or losses that may be generated by users must declare them according to the laws of their jurisdiction.
The tokens are not intended to constitute securities in any jurisdiction. This web does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the tokens and no cryptocurrency or other form of payment is to be accepted on the basis of this web.
The information set below may not be exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that any material in this web is accurate and up to date, such material in no way constitutes the provision of professional advice. This web does not
guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this web. Contributors and potential token holders should seek appropriate independent professional advice prior to relying on, or entering into any commitment or transaction based on, material published in this web, which material is purely published for reference purposes alone. This web does not provide any opinion on any advice to purchase, sell, or otherwise transact with tokens and the fact of presentation of this web shall not form the basis of, or be relied upon in connection with, any contract or contribution decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of
this web. Tokens are not a cryptocurrency. Tokens do NOT hold value in USD, EUR or any other Fiat currency.
You are not eligible and you are not to purchase any tokens if you are a citizen or resident (tax or otherwise) of Singapore, or other Singapore Person. “Singapore Person” is generally defined as a natural person, residing in the Singapore or any entity organized or incorporated under the laws of
You are not eligible and you are not to purchase any tokens if you are a citizen or resident (tax or otherwise) of the People‘s Republic of China („PRC“), or other PRC Person. „PRC Person“ is generally defined as a natural person, residing in the People‘s Republic of China, or any entity organized or incorporated under the laws of the People‘s Republic of China.
Furthermore because of current regulatory uncertainty and before additional information is publicly released by the Platform on the matter, green card holders of the United States or citizens
or residents (tax or otherwise) of the United States of America, Singapore or China, or other U.S., Singapore Person or PRC Person, are not eligible to register for the Token Sale. That limits the ability of U.S., Singapore, PRC persons to utilize tokens and participate in the future development of the platform as well as in the distribution of proceeds.
No information in this web should be considered to be business, legal, financial or tax advice. You should be aware that you may be required
to bear the financial risk of any purchase of tokens for an indefinite period of time.
The online virtual mining that is offered on this website, is a service whose purpose is to allow users to experience the mining of a cryptocurrency as a game, without having to install complicated systems or perform an initial dive into powerful and expensive computers. This online virtual mining service allows the emission of the so-called blocks of new Wetcoin tokens using Bitcoin or Wpower as a cost calculation, to generate the necessary mining power. With each block, 1000 new Wetcoins are issued, which will be exchanged with the buyer in a P2P market in the Dex located at wallet.bitshares.org.
Each time a block is mined, the mining power needed to mine the next block increases by 0.5%, thus ensuring that the value of the tokens emitted always goes up.
In each mining operation, several blocks can be mined at a time, in that case the power value needed to mine each block equal to the first block that is mined in the operation, making it more profitable to mine several blocks at once.
Example: if you want to mine 5 blocks with these costs:
Block 1 - Cost BTC: 0.025 | Block 2 - Cost BTC: 0.025125 | Block 3 - Cost BTC: 0.02525063 | Block 4 - Cost BTC: 0.02537688 | Block 5 - Cost BTC: 0.02550376 |
mining each block in an independent operation (first mining one block, then another, etc, filling a mining form for each block) would cost 0.12625627BTC when adding the different costs of the 5 blocks, but if 5 blocks are mined in the same operation (in the same mining form you select to mine 5 blocks) the total cost will be 5 x the value of the first mined block: 5 x 0.025 = 0.12500000BTC. The following miner will start with a cost per block of 0.025125BTC
During the pre-mining operation, all users are offered the possibility of mining the blocks they want at the fixed cost of the first block.
At each end of the pre-mining phase, the mining difficulty will be placed in the value of block 2. and from there it will increase with each mining operation.
We reserve the right, at our sole discretion, to modify or replace these Terms at any time.
By continuing to access or use our Service after those revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the Service.