📖Terms and Conditions

GemPad Terms and Conditions

Introduction to GemPad and Decentralization

GemPad is a decentralized launchpad, meaning it operates without a central authority or intermediary. In a decentralized system, control and decision-making are distributed across a network of participants rather than being centralized in a single entity. This ensures greater autonomy and transparency, but it also places the responsibility for success or failure squarely on the project owners and investors.

Transactions on GemPad are managed through smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Once deployed, these contracts automatically execute actions based on predefined conditions without the need for human intervention.

User Qualifications for Site Usage

The User affirms and guarantees that they are at least eighteen (18) years old, are legally permitted to access the internet and utilize services like those offered by GemPad, and have not previously had their right to use our service suspended or revoked by us.

Prohibited and Illegal Use

The User affirms that they will not utilize the website or $GEMS coin for any unlawful, criminal, or otherwise prohibited activities. This includes, but is not limited to, actions related to money laundering, drug trafficking, human trafficking, arms trafficking, terrorism, securities fraud, or tax evasion. Additionally, the User guarantees that they will not use the GemPad website to assist any other individual or entity in activities that contravene local, national, or international laws.

Furthermore, the User agrees not to use the Services to engage in activities such as distributing spam, junk communications, or chain letters; reverse engineering or otherwise tampering with the Site's underlying code; or inflicting harm on the Site through hacking, malware, viruses, phishing, brute force attacks, SQL exploits, or other malicious methods. Additionally, the User agrees not to transfer their Account access or any rights granted under these Terms to another party.

Proprietary Rights

All intellectual property and other rights related to the Interface and its contents at GemPad, including but not limited to software, text, images, trademarks, service marks, copyrights, patents, and designs, are owned by us.

Additional Rights

We retain the following rights, which are not obligations on our part: (a) to modify, substitute, remove, or add to the Interface, with or without prior notice to you; (b) to review, edit, filter, disable, delete, or remove any content and information from the Interface; and (c) to cooperate with law enforcement, courts, government investigations, or third parties requesting or requiring the disclosure of any content or information you provide.

GemPad Does Not Provide Legal, Financial, or Investment Advice

At no point does GemPad offer legal, financial, or investment advice, and any information or publications that are shared or referenced should not be interpreted as such. Documents, content, or services provided by GemPad are not a substitute for specialized or expert advice, and the User should not rely on them in a way that could result in liability against GemPad. By using the Site, the User confirms that they have sought the necessary legal, financial, or investment advice from a qualified expert or that they possess the sufficient knowledge and expertise to evaluate the risks and benefits associated with Blockchain, Tokens, and related offerings, enabling them to competently utilize our Services. We make no guarantees regarding the suitability of any Tokens or assets launching through our Site and do not assume any fiduciary responsibilities toward the User. The User acknowledges and agrees that any recommendations or comments made by GemPad, its employees, or other users are to be regarded as general opinions, and that the User should exercise their own judgment or consult an expert before taking any action based on such statements. We do not guarantee the accuracy or completeness of any such statements. The User also agrees to conduct their own due diligence regarding the use of the Site before engaging in any Services offered by GemPad.

Token Purchasing

Purchasing Tokens on GemPad is a fully decentralized process, executed directly through smart contracts. Tokens can only be acquired when the presale is live, ensuring that all transactions are securely managed by the blockchain. It is essential that Users deposit funds exclusively via the GemPad website to participate in a Token sale. Sending funds directly to the presale address outside of the website interface can result in the permanent loss of those funds, as such transactions cannot be recovered. Always use the designated channels on our platform to ensure your purchase is secure and properly recorded. - Withdrawal of Funds During an Active Sale Users participating in a live sale on GemPad have the option to withdraw their funds before the sale concludes. However, to maintain fairness and to protect the interests of all participants, withdrawals during an active sale will incur a penalty. If a user chooses to withdraw their funds while the sale is still live, a penalty of 10% will be applied to the total amount withdrawn. This penalty is designed to discourage manipulative practices that could artificially influence the perceived success or progress of a sale. The penalty will be automatically deducted from the withdrawn amount, and the remaining balance will be returned to the user's wallet. By participating in a sale on GemPad, users acknowledge and agree to this penalty structure. - Withdrawal of Funds After Sale Fails or is Cancelled You may withdraw contributions from canceled or ended sales that did not reach their goals at any time. GemPad reserves the right to sweep any funds from failed or canceled sales or Initial DEX Offering (IDO) addresses that are older than 365 days.

Distribution of Tokens

Once the sale on GemPad has concluded, Users will be able to claim their purchased Tokens directly from the same section on our website where the purchase was made. To successfully claim Tokens, Users must be connected with the same wallet used during the initial purchase. After confirming the transaction within their wallet, the Tokens will be automatically transferred to their accounts, as GemPad operates on a decentralized system through smart contracts.

Please note that while most sales will include an automatic claim button on our platform, some projects may opt to distribute Tokens via airdrop or require Users to claim their Tokens through the project's own website. It is crucial for Users to exercise caution and conduct due diligence to understand the specific Token distribution process for each sale, ensuring that they follow the correct procedure to receive their Tokens.

Investment Notice

Please be aware that purchasing tokens is not considered an investment. The purchase of tokens is simply a transaction and does not grant ownership, lending rights, or cash-like investments. GemPad is not under the regulation of any financial authority and does not offer investment opportunities, advice, or options. GemPad is not providing an investment opportunity.

Use of Cookies

GemPad uses cookies to enhance your experience while browsing our website. When you first visit, you’ll have the option to allow or disallow cookies on your device through a cookie control system. This ensures compliance with current regulations, requiring websites to obtain your explicit consent before placing or accessing cookie files on your computer or device. Cookies are small files stored on your device’s hard drive that track your interactions and usage of the website. This allows us to provide a more personalized experience based on your activity.

If you prefer not to have cookies saved to your device, you can adjust your browser’s security settings to block them. Please note that we use tracking software to monitor how visitors use our site, which may place a cookie on your hard drive to track engagement and usage. However, this software does not collect personal information. Additionally, external vendors may store cookies on your device when you interact with referral programs, sponsored links, or advertisements on our website. These cookies are used for tracking purposes and generally expire after 30 days, though some may last longer. Rest assured, no personal information is stored or collected through these cookies.

Privacy

When you use the GemPad Interface, the only information we collect from you is your blockchain wallet address, completed transaction hashes, and the token names and symbols. We do not collect any personal information such as your name or other identifiers that could be linked to you. However, we do use third-party service providers that may receive or independently obtain your personal information from publicly available sources. We do not control how these third parties handle your data, so we encourage you to review their privacy policies to understand how they collect, use, and share your personal information. By accessing and using the Interface, you acknowledge and consent to our data practices as well as those of our service providers.

The information we collect is used to detect, prevent, and mitigate financial crimes and other illicit or harmful activities on the Interface. To support these efforts, we may share the collected information with blockchain analytics providers. This data sharing is strictly for the purpose of maintaining the safety, security, and integrity of the GemPad Interface. Please read more about our Privacy Policy here

Modification of our Terms and Conditions

We reserve the right to modify our Terms and Conditions at our discretion. If any changes are made, we will update the date at the bottom of the Terms and Conditions and ensure that the latest version is available in GemPad's terms of service. These modifications will become effective once posted, and by continuing to access or use the Interface, you confirm your acceptance of the changes. If you do not agree with the modifications, you should stop using and accessing the Interface immediately.

Contact:

If you have any questions or concerns regarding these Terms and Conditions, please contact Morty.

Last Updated: 24/08/2024