General terms and conditions are provisions set out in writing. Everything related to our activity and the way we may collaborate, in general, is arranged into this document. Buying or involving you in any action regarding our activity entail your explicit, free and consciously consent regarding our, presented here, General Terms and Conditions beside the rest of regulations presented on our official website (BITUSD.net)
Current version: 1.1.6
Languages usage
The language used on our side for servicing and presenting are and will always be only English and French. This does not limits you or any third-party to promote and selling products on any desired language as the meaning and the sense of our activity or products is not denatured.
Communication and servicing
We use the E-mail as primarily channel of communication with our partners. As partner is entirely your resposability to provide us an active, correct and usable email adress that only. Very important: you must assure that the emails from [email protected] and [email protected] are not marked as spam and your server / provider does not see them and treat as. You can check your spam filters, add our email addresses to your Address Book to prevent any inconvenience and always remember to check your spam / trash folder.
Fiscality
It is entirely the responsibility of our partners to declare the obtained revenues obtained from sells to their local authorities and pay the taxes as we are not apply any withholding tax before the payouts.
Our products
We are selling high-value assets such as diamonds and to be able to adjust the safeboxes value precisely to the amount sum invested by our partnes we may include into the portfolio synthetic diamonds and Swarovski crystals. For avoiding complications and confusions and complications you will ecounter all over our website the “diamonds” term as generic name for all above mentioned assets.
Common terms
- “BTDs” or “BTD” – are NFT’s issued exclusively on BITUSD.NET for our partners as reward for selling BBTD’s. We decided that .PDF format to be used and NFT’s may be exchanged, transferred freely over the Internet or offline just like any file or any other commercial good. BTD’s are digital receipts just like the money bills and their value is backed by diamonds, which is why we reserve the right to limit the number of BTDs issued. More precisely, 1 BTD is equivalent to 1 part of a diamond worth 1 dollar and may be redeemed on our website as per owner request at any time.
- “Black BTDs”,”BBTD” or “BTD Bonds” – are electronic records confirmed by a BTD Partner Certificate NFT that act like bonds and allow us to create new BTDs. The new BTD’s are generated and issued exactly like the real money, through the lending process, where Black BTDs are acting like bonds. Buying a certain amount of BBTD’s from one of our partner
- “Safebox” it is a virtual account issued automatically to a BBTD buyer. The safebox is a digital certificate that include all the terms and details of the new BTD Bonds credit line. This service may be charged at various moments or declared free of charge, depending the account type and the amount of partner’s investment, mentioned for each safebox terms and specifications.
- “active period” – the period during which our partners can sell or perform transactions or other operations safe-box related
- “grace period” – a set length of time after the active period that we may offer or not to the partners for various reasons, such as being able to “break the ice” if they are on limit
- “diamonds” – is the term used bu us for high-value assets that may include natural, synthetic diamonds or various precious and semiprecious gems
- “partner code” or “partner signature ” – represents the digital signature that allow us and customers to identify the partner and the current owned safe box
- “ice diamonds” or “ice” – represents the amount sels target specified for each safebox that must be reached to unlock the BTD’s reward.
Delivery
By purchasing BBTD’s or by owning BTDs (BTD’s), you understand and agree that the real assets are used only to backup the NFT’s and are not exchanged, nor delivered to you under any circumstance. You mandate us to store, act and mange your assets and in your name, as we decide and consider appropriate,
We are putting at your service the option to check your account, sells and details of the safe-box onto our digital platform “my.BITUSD.net”.
Payment and Transactions
The used currency for payments and transactions is and will be US Dollar (USD). We also may occasionally use Bitcoin (BTC) and Euro (EUR) currencies or any other (with exceptional character). In the case you want to use EUR currency for purchasing, our partner, YO (YOutsource) is accredited to re-sell our products directly on our website. For the withdrawal/payouts, USD / Bitcoin will be used and usually our procesator transfer the money directly into the partner’s bank account but we can demand in exceptional cases to perform some various actions (e.g. to open and provide us an account to our partners Transferwise / YOutsource).
SLA’s
Transactions and the SLA’s may suffer changements and delays from our side, due to various factors such as processing limits, our vendors / partners delays or incapacity of service and may not be the subject of any dispute.
Fees and commisions
Bank and the transaction commissions and fees are entirely supported by the partner. We also may charge the partner account to cover some various costs occasionally, with exceptional character and fully justified, if we will consider it necessarily. Refunds and
Fraud and, or suspicious activity
Scamming or performing any fraudulent ans suspicious actions that involves us may conduct to a law process and penalties from our side. We reserve the rights to perform any action in order to stop or decrease the impact of the fraudulent noted or suspected actions. In consequence, we may apply charges to your account at any moment and/or we may block , delete or suspend your account and/or denounce to local or international authorities.
No partner is allowed to owe more than one BTD Bonds Safebox at a time. Purchasing BBTD in order to get multiple safeboxes will be consider fraudulent conduct and reserve the right to apply any penalties.
Usage
A person / partner may have open only one account and maximum one safe-box assigned to it at the same time. Multiple accounts are totally forbidden. Any other purchased safe-box purchased while the previous is still active will be charged 100% of its value and canceled automatically. Please note that opening multiple accounts or purchasing multiple safe-boxes by one individual is not allowed and represents a serious infringement. We also may classify as suspicious activity opening multiple accounts from different E-mail addresses by the same person and we may act accordingly.
Updates and notifications
It is entirely your responsibility as partner to check and make sure you understand the updates as often as you can, preferably on a weekly basis. The frequency for updating our policies, including the present one (v.1.1.5) can no make the object of any debate or dispute.