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Last Updated: January 11, 2022
Please read these Terms carefully before using our Website or Services. By using our Website or Services, you (“User”, “you”, “your”) indicate that you accept these Terms and agree to abide by them. If you do not agree to any of these Terms, please refrain from using our Website or Services.
GoodDollar shall be entitled to modify, change, or amend the Terms at any time in accordance with its governing law and regulations. GoodDollar shall post the amended Terms on the Website, stating the date of the last amendment, and you are advised to check for any such updates from time to time. To the extent that any such amendment imposes material obligations on users and/or would require their preparation or action, GoodDollar shall give reasonable advance notice before such amendment comes into force. Your continued use of the Website, Services, and/or GD Tokens granted to you as a GD Grant, following any amendment to these Terms constitutes your acceptance of the amendment and consent to be bound by the amended Terms. In the event you do not accept any
amendment, your sole and exclusive remedy shall be to cease using our Website, Services, and/or GD Tokens granted to you as the GD Grant.
GoodDollar enforces a one-user one-account policy, so that only fully registered users may be able to claim the GD Grant through the GoodDollar claiming site (the “Claiming Site”). For you to sign up to our Claiming Site, you must, through our Website, register, by either using your Facebook or Google account profiles, or register with your email address and/or mobile phone number.
The registration to the Claiming Site, allows the users to access the following Services, which may be provided to you by us and/or by a third party, as described below:
(A) The Fuse Wallet enabling you to store GD Tokens; and
(B) Claiming the GD Grant, via the Claiming Site; and
(C) Performing certain payment actions enabling you to send and receive GD Tokens; and
(D) a third party marketplace, provided by Sharetribe, and the execution of transactions via the marketplace, using GD Tokens, via the aforementioned Sharetribe marketplace, which is subject to MARKETPLACE T&C.
The use of our Services is free of charge and no funds or other form of payment is required while transferring GD Tokens and/or GD Grant.
5.3.1. Redemption – GoodDollar shall not facilitate the redemption of the GD Tokens, nor does it guarantee to facilitate Token redemption in the future.
5.3.2. No representation regarding value – We make no representation that the GD Tokens will have any value while granted or at any later stage at any time in the future.
5.3.3. No representation regarding GD Grant – We do not make the representation that Users shall be entitled to receive the GD Grant, which the granting of is in our sole discretion.
5.3. No Contractual Relationship and Rights
User understands and accepts that claiming the GD Grant does not represent or constitute any alleged right regarding ownership right or stake, share or security or equivalent rights nor any right to receive future revenues, shares or any other form of participation or governance right in or relating to the Smart Contract System, the Reserve, and/or GoodDollar.
Availability of Service – GoodDollar does not undertake to make all of the Services available to all Users at all times, and it is explicitly agreed that the launch of the Services may be gradual, partial, and limited in scope, jurisdiction or otherwise.
5.4. Wallet Services
GoodDollar’s Wallet is a cryptocurrencies e-wallet designated for receiving, and transferring GD Tokens from one GD Wallet, to another GD Wallet, and/or other compatible cryptocurrencies. The Wallet is a non-custodial wallet compatible with the ERC20 token standard. The access and control over User’s Wallet shall be solely in the User’s hand, and GoodDollar shall have no access to such Wallet in any event, including in the event of User’s loss of access to its Wallet.
Your Wallet enables you to send and receive GD Tokens and other supported cryptocurrencies to/from other compatible Wallet. When making a transfer to or from a wallet other than GoodDollar’s e-wallet, you are solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state and may result in delays or loss incurred as a result of an error in the initiation of the transaction. You should verify all transaction information prior to submitting them. You must guard and backup the private key and/or other access credentials given to you during your e-wallet registration. GoodDollar shall bear
no liability or responsibility in the event you enter an incorrect blockchain destination address. GoodDollar does not control the blockchain network and makes no guarantees that a transfer will be confirmed by the network.
5.5. Compliance With Tax Obligations
It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the Services, and to withhold, collect, report and remit the correct amount of tax to the appropriate tax authorities.
5.6. Prohibited Uses
i. use the website, our Services or receive GD Tokens, unless you are legally permitted to hold GoodDollar tokens under the applicable law of your jurisdiction.
ii. use the Website or Services if you are not 18 years of age or older.
iii. use the Website or our Services in any way that violates any applicable law, including any federal, state, local or international law or regulation;
iv. use the Website or our Services in any manner that could impair, disable, overburden, damage, or interfere with any other party’s use of the website or Service;
v. send, knowingly receive, upload, download, use or re-use any material in breach of these terms;
vi. attempt to gain unauthorized access to, interfere with, damage or disrupt any parts of the website or Services, the server on which the website and Service is stored, or any connected server, computer or database, or otherwise attempt to interfere with the proper working of the Website or Services;
vii. use any manual process, any robot or other automatic device, process or means to access the website or Service for any purpose other than as permitted under these terms; or
viii. use any device, software or routine that interferes with the proper working of the website or our Services, or engage in any conduct that restricts or inhibits anyone’s use of the website or our Services.
ix. use the Services for the purpose of money laundering, terrorist financing, fraud, or any other financial crime as they are defined in the applicable law;
5.7. Suspension, Termination and Cancellation
We may, at any time, and without any obligation: (a) refuse to complete, or place on hold, block, cancel or reverse a transaction you have authorised (even after funds have been debited from your Wallet- to the extent such
action is technically feasible), (b) suspend, restrict, or terminate your access to any or all of the Services, and/or (c) deactivate or cancel your Account with immediate effect for any reason, including but not limited to where:
i. we reasonably believe that we need to do so in order to protect our reputation;
ii. we are, in our reasonable opinion, required to do so by applicable law, regulation or any court or other authority to which we are subject in any jurisdiction;
iii. we reasonably suspect you of acting in breach of this Agreement;
iv. we have concerns that a transaction is erroneous or about the security of your Account or we suspect that the Services are being used in a fraudulent or unauthorised manner;
v. we suspect money laundering, terrorist financing, fraud, or any other financial crime under any applicable law;
vi. use of your Account is subject to any pending litigation, investigation, or government proceeding and / or we perceive a heightened risk of legal or regulatory non-compliance associated with your Account activity; and / or
vii. you take any action that may circumvent our controls such as opening multiple Accounts.
viii. you are in breach of a third party service provider’s policy, and such third party has decided to terminate your involvement with the associated services.
Users may, at any time, and without any obligation terminate their Account with immediate effect for any reason, for more information, click here.
5.8. Geographic Restrictions
Due to the regulatory uncertainty in the US market, we advise that all US person read carefully the following announcement:
NO U.S. PERSONS MAY USE THE SERVICES OR SUBSCRIBE TO THE SERVICES. By using the Services, you represent that you are not a U.S. Person (as defined in Regulation S promulgated under the U.S. Securities Act of 1933, as amended), and you are not using the Services for the account or benefit of a U.S. Person.
You represent and warrant that you are not a citizen of a nation or geographic area in which access to or use of the Website and/or Services is prohibited by applicable law, decree, regulation, treaty, or administrative act.
We do not provide the Services in a country or territory that is, or whose government is, the subject of sanctions by the US Department of the Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other relevant sanctions authorities, including (but not limited to) Belarus, Burma (Myanmar), Central African Republic, the Crimea region, Cuba, Democratic Republic of the Congo, Iran, Iraq, Libya, Mali, North Korea, South Sudan, Somalia, Sudan, Syria, Yemen, Venezuela or Zimbabwe (as amended from time to time).
You represent and warrant that your use of the Services complies with applicable law and/or regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other applicable legal requirements, (ii) any foreign exchange or regulatory restrictions applicable to such participation, and (iii) any governmental or other consents that may need to be obtained. You further represent that you are not a citizen or resident of, or located in, a nation or geographic area that is subject to any sovereign country sanctions or embargoes, or an individual, entity or an individual employed by or associated with an entity, identified on any denied persons or entity lists, specially designated nationals or blocked persons lists, or the debarred parties’ lists.
User shall be solely responsible for its use of the Services and the compliance with the above with all laws and regulations applicable to it.
We reserve the right to withdraw or amend the Services we provide without notice, and in any manner, subject to applicable law. We will not be liable if for any reason our website or Service is unavailable at any time or for any period.
From time to time, we may restrict access to some or all parts of our Service.
If you choose, or you are provided with a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of these Terms.
You are responsible for making all arrangements necessary for you to have access to our Services.
7. Intellectual Property Rights
We are the owner or the licensee of all non-third-party intellectual property rights in our websites and our Service, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved. We have open-sourced most of our intellectual property through an open-source license, please visit: https://github.com/GoodDollar to find our open-sourced development.
You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any
Our status (and that of any identified contributors) as the authors of material must always be acknowledged.
You must not use any part of the materials for commercial purposes without obtaining a license to do so from us or our licensors.
“GoodDollar” is a registered trade-mark of Gooddollar Limited. The GoodDollar
trademark is registered in various jurisdictions, including the UK and EU.
8. Reliance on Information Posted
Commentary and other materials posted on our website are not intended to amount to advice on which reliance should be placed. We, therefore, disclaim all liability and responsibility arising from any reliance placed on such materials by any visitor to our website, or by anyone who may be informed of any of its contents.
GoodDollar takes no representation or warranty, express or implied, to the extent not prohibited by applicable law, regarding the advisability of investing in securities, funds, commodity interests, partnership interests or other investments or funding or purchasing loans. The past performance of any investment, loan, security, partnership interest, commodity or financial instrument is not a guide to future performance. GoodDollar does not offer fiduciary services and is not your agent, advisor or fiduciary.
9. Our Website and Services Change Regularly
We aim to update our Services regularly, and may change the content at any time. If the need arises, we may suspend access to our website or our Services or close it indefinitely in our sole discretion without notice. Any of the material on our site may be out of date at any given time, and we are under no obligation to update such material.
10. Indemnification & Limitation of Liability
As the GD Grant is granted to you free of any charge and you hereby waive any claim against GoodDollar in connection with any malfunction of the Services and/or your dissatisfaction thereof.
Whilst we take reasonable precaution and care in relation to our website and Services, our Website and Services are provided without any guarantees, conditions or warranties as to its accuracy. To the extent permitted by law, we
expressly exclude all conditions, warranties whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement and fitness for particular purpose, and any other terms which might otherwise be implied by statute, common law or the law of equity.
In particular, we will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may affect your mobile phone, computer equipment, computer programs, data or other proprietary material due to your use of our website or Services, GoodDollars obtained through our Services.
We accept no liability for any loss of income or revenue, loss of business, loss of profits or contracts, loss of anticipated savings, loss of data, waste of management or office time or for any indirect or consequential loss or damage arising from, whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable:
i. mistakes made by the user of our website, Services, or any Third Party software or service, including forgotten passwords, accidental deletion of wallets, or payments sent to wrong addresses;
ii. software problems of our website, Services and/or any Third Party software or service, including corrupted wallet files, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the website, Services and/or any Third Party software or service;
iii. technical failures in the hardware or security problems experienced of the user of our Services or any Third Party software or service, including data loss due to a faulty or damaged storage device, unauthorized access to
users’ wallets and/or accounts;
iv. actions or inactions of third parties and/or events experienced by third parties, including bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties; or
v. events, circumstances or causes beyond our reasonable control (force majeure).
This does not affect our liability which cannot be excluded or limited under applicable law.
IN NO EVENT SHALL GOODDOLLAR OR ANYONE ON ITS BEHALF BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF BUSINESS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION OR LOSS OR DAMAGES TO GOODWILL, IN CONNECTION WITH THIS AGREEMENT REGARDLESS OF THE CAUSE AND WHETHER ARISING IN CONTRACT (INCLUDING FUNDAMENTAL BREACH), TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, EVEN IF GOODDOLLAR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSS. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, UNDER NO CIRCUMSTANCES WILL GOODDOLLARS’S TOTAL AND AGGREGATE LIABILITY TO CUSTOMER FROM ALL CAUSES OF ACTION OF ANY KIND, INCLUDING WITHOUT LIMITATION CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, BREACH OF WARRANTY, OR OTHERWISE, ARISING OUT OF OR RELATED TO THIS AGREEMENT, EXCEED THE FEES ACTUALLY PAID BY CUSTOMER TO GOODDOLLAR FOR THE RIGHT TO USE THE SERVICES IN THE TWELVE (12) MONTHS PRECEDING SUCH CLAIM.
Our website must not be framed on any other site, nor may you create a link to any part of our website other than the home page. We reserve the right to withdraw linking permission without notice. If you wish to make any use of material on our website other than that set out above, please address your request to [email protected]
The information and any materials contained in the Websites or Services should not be considered as an offer or solicitation to buy or sell financial instruments, provide financial advice, create a trading platform, facilitate or take deposits or provide any other financial services of any kind in any jurisdiction.
The information contained on or in the Websites and Services is not intended to provide and should not be construed as advice of any kind. You shall not use the Websites and Services as a substitute for independent investigations and competent financial judgment and you should obtain appropriate professional advice when necessary. It does not take into account your objectives, financial situation or needs.
You can stay informed about GoodDollar and the basic income movement by signing up to our weekly newsletter