XKINGTerms of Service
Article 1 (Purpose)
The purpose of these terms and conditions is to define the rights, obligations, and responsibilities of X-KING (hereinafter referred to as the "Company") and users regarding the staking service (hereinafter referred to as the "Service") provided by the Company.
Article 2 (Definitions)
1. "Staking" refers to the act of users depositing specific cryptocurrencies into the network for a certain period and receiving rewards accordingly.
2. "Rewards" refer to cryptocurrencies or equivalent assets granted to users based on specific criteria for their staked cryptocurrency.
3. "Fees" refer to costs charged by the Company for using the Service.
Article 3 (Provision and Limitations of Service)
1. The Company provides staking services to users, who must review and agree to these terms before using them.
2. The availability of the Service and the types of cryptocurrencies eligible for staking may change based on the Company’s policies.
3. The staking service contract period is 365 days and may be subject to change based on Company policies.
4. Once staking is initiated, early termination or cancellation is not allowed before the contract period expires.
5. Users can only use the Service through their own accounts and are prohibited from using or renting another person’s account.
6. The Company may temporarily restrict the Service due to network failures, regulatory changes, or urgent security issues, providing prior notice when possible. However, in emergencies, notice may be given afterward.
7. The Company is not responsible for any losses incurred due to blockchain network failures, hard forks, or mainnet changes.
8. Digital assets staked on X-KING may be lost or become unrecoverable due to issues within the blockchain network. The Company is not responsible for such losses unless they result from its intentional misconduct or negligence.
9. Users can check the status of their digital assets in their X-KING account.
Article 4 (Staking and Reward Distribution)
1. Users may stake cryptocurrencies designated by the Company. The minimum staking amount and period are determined by Company policy.
2. Rewards are distributed according to the Company’s policy and the rules of the blockchain network.
3. The applicable reward rate is subject to change based on market conditions and network rules. The Company will provide prior notice of any changes.
4. Rewards below the minimum payout unit may be rounded down, and the truncated amounts will be burned or handled according to Company policy.
Article 5 (Fees and Other Costs)
1. Fees for using the Service are charged based on Company policy. Users must review and agree to them before proceeding.
2. If certain conditions are met (e.g., staking above a specified amount), the Company and the user may negotiate fee adjustments.
Article 6 (User Obligations and Restrictions)
1. Users must comply with these terms and applicable laws.
2. Users must not engage in illegal activities or interfere with the Company's operations while using the staking service.
3. The Company may restrict a user's access to the Service under the following circumstances:
o Violation of applicable laws
o Provision of false information or fraudulent service usage
o Detection of security threats
o Other circumstances equivalent to the above
Article 7 (Limitation of Liability)
1. The Company does not guarantee the continuity or stability of the Service and is not responsible for losses caused by technical issues in the blockchain network.
2. The Company is not liable for Service unavailability due to force majeure events such as natural disasters, government regulations, network failures, or hacking incidents.
Article 8 (Privacy Protection)
1. The Company complies with relevant laws to protect users' personal information and follows its privacy policy.
2. The Company collects only the minimum required personal information necessary for providing the Service and does not share it with third parties without user consent.
Article 9 (Governing Law and Jurisdiction)
1. These terms and conditions shall be interpreted and governed by the laws of the Republic of Korea.
2. Any disputes arising in connection with these terms shall be subject to the jurisdiction of the Seoul Central District Court.
Supplementary Provisions
These terms shall take effect from February 25, 2025.