IntelexGlobal Terms

Terms & Conditions

Intelex.io Terms Of Use & Conditions

1. Introduction
IntelexGlobal OÜ Private limited company (“we”, “our”, “us”, “intelex”, “intelex.io”, “https://intelex.io” or the “Company”) provides the following Terms of Use (the “Terms”) that apply to our users (each, “you” or “User”) when using or purchasing Intelex’ products and services through our mobile application, our website, or any other online services we provide (collectively, the “Services”). The Services are provided solely for use by you, and your use of the Services is expressly conditioned on your consent to, and compliance with, these Terms. By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to any of the provisions of these Terms you should immediately stop using the Services. In addition, our Privacy Policy is set forth here: https://intelex.io/privacy and is incorporated into these Terms in its entirety. We encourage you to read these Terms carefully and use them to make informed decisions. Intelex.io is the next generation of Digital Assets-related services, serving as a value-driven platform for the payment of remuneration and profitability on the remains of crypto assets on user wallets for all members of the Intelex community. Intelex allows Users to take advantage of a variety of services, all in accordance with applicable law and regulation, including:
• Become members in the Intelex platform and community;

• Become members in the Intelex platform and community;

• Hold your Digital Assets in the Intelex wallet and gain rewards;

• Apply for dollar loans with Digital Assets as collateral; and

• Instantly transfer Digital Assets to other Users through our innovative Intelex Pay feature.
Intelex is built around the Intelex Token (“INTEX”) or or internal designation of balance that allows Users to take advantage of different utilities, primarily to gain better terms and opportunities when using Intelex’ Services.
2. Definitions
Capitalized terms shall have the meanings assigned to them in these Terms, unless the context requires otherwise.
“Affiliate” means an entity that owns or controls, is owned or controlled by, or is or under common control or ownership with a party, where control is defined as the direct or indirect power to direct or cause the direction of the management and policies of such party, whether through ownership of voting securities, by contract, or otherwise.
“AML” stands for Anti-Money Laundering, which means a set of procedures, laws, and regulations that are intended to stop the practice of generating income through illegal actions.
“Blockchain” means a system in which records of transactions made in Digital Assets are maintained across several computers that are linked in a peer-to-peer network.
“Digital Asset” means a digital representation of value in which encryption techniques are used to regulate the generation of digital units and verify the transfer of assets, operating independently from a central bank.
“Eligible Digital Assets” means the types of Digital Assets we may choose to accept and support from time to time, which are subject to change in our sole discretion, based on business and regulatory considerations.
“Fiat”, when used in reference to money or currency, means any money that a recognized government declares as legal tender, and has value only because such government maintains its value.
“KYC” stands for Know Your Customer (or Client), which means the process of a business verifying the identity of its customers or clients and assessing potential risks of illegal intentions for the business relationship.
“Pegging” is the practice of fixing the exchange rate of one currency to the value of another currency or asset.
“Stablecoin” means a Digital Asset that is Pegged to a distinct asset.
3. Eligibility and Proof of Identity
You must be at least eighteen (18) years old to open a Intelex Account (“Account”). Intelex is not obligated to accept any application from any applicant and has sole and absolute discretion to accept or reject applications to open Accounts. Intelex has no responsibility or liability towards any applicant unless and until Intelex provides written confirmation that an Account has been opened for such an applicant.
Intelex Accounts are not available where prohibited by law or by Intelex policy, as updated from time to time; currently, such places include USA, as well as countries of Iran, North Korea, Sudan, South Sudan, Syria, Cuba, Quebec, Sevastopol, Crimea.  
Be advised that in some jurisdictions, due to regulatory considerations, Intelex may not provide part or all of the Services, which may include some Eligible Digital Currencies or own token.
Due to changing regulatory requirements and interpretations in the Digital Assets markets, Intelex will use its sole and absolute discretion to revise the list of prohibited jurisdictions and/or reject specific applications to open Accounts and/or use part or all of the Services, where Intelex determines that regulatory or policy reasons prevent Intelex from being able to offer its Services.
Intelex registered as a Providing a virtual currency service on May 19, 2020 with https://mtr.mkm.ee/ registration number FVT000018. Intelex is required to comply with KYC and AML laws and regulations, which establish requirements for recording and reporting suspicious transactions. User records and transaction history must be retained by Intelex for a period of five (5) years after the termination of the business relationship (or the refusal to establish the business relationship), unless otherwise required by applicable law. Intelex is required to comply with applicable Anti Money Laundering (“AML”) and Know Your Client (“KYC”) requirements before and after you open an Account. When you apply to open an Account, we will ask for documentation and information, including but not limited to copies of your government-issued identification document (e.g. Passport, driver’s license). For corporate accounts, we may require identification information related to the directors, officers, or equity owners of the business.  We may also use information from third parties to help us confirm your identity and/or determine if we should open or maintain your Account. You represent and warrant at all times that any and all information provided by you to us is true, accurate, and not misleading in any respect. If any such information changes, it is your obligation to provide the new information to us as soon as practicable following such change.
4. Nature of e-Services
Intelex’ Services allow you to review your Account and conduct certain transactions online. You are solely responsible for the activities under your Account and for securing your Account IDs, passwords, hints, or any other codes that you use to access your Account and the Services. Intelex is not responsible for any loss or compromise of your access information and/or your personal information, or for any loss that you may sustain due to compromise of your access information and/or personal information. We will not be liable for following any instruction we receive through your Account, even if it was not authorized by you, or if it was entered by mistake or is otherwise inaccurate. To verify the authenticity of any instruction we receive through your Account, we may require your signature or identification in any form we deem necessary; at our sole discretion, we may accept digital images and electronic signatures for documents that need to be signed.  You agree to reimburse us (and we may charge your Account) for all claims, costs, losses and damages, including reasonable attorneys’ fees, that result from our following of your instructions to take any action related to your Account.
5. Account Types
A) Individual Account
This Account is owned by only one natural person who is and will continue to be the only person authorized to take any action in the Account. By opening an Individual Account, you represent and warrant that you are and shall at all times continue to be the sole beneficial owner of the Account and user of all Services facilitated or generated therefrom.    
B) Corporate Account
This Account is owned by a corporation, unincorporated association, a company, a partnership, fiduciary, sole proprietorship or other legally recognized group (interchangeably defined as an “Entity”) holding an Account in any capacity other than an individual capacity. An Entity can apply to open an Account through any natural person(s) who is duly authorized by the Entity to do so (an “Authorized Representative“).
Such Authorized Representative represents and agrees, on behalf of the Entity, as well as on his or her own behalf, that he or she:
        (i) is fully authorized to execute all documents or otherwise complete our requirements in his or her stated capacity;
        (ii) has provided us all documents or other information necessary to demonstrate that authority; and
        (iii) will provide other documents and complete other requirements as we may request from time to time.
We may refuse to recognize any such authorization if, in our reasonable judgment, it appears to be incomplete or improperly executed.
By opening a Corporate Account, the Authorized Representative  represents and warrants on behalf of the Entity that the Entity is and shall at all times continue to be the sole beneficial owner of the Account and user of all Services facilitated or generated therefrom and that the ultimate beneficial owners of all assets and assets belonging to the Entity are as represented during the establishment of the Account.
6. Authorized Users
For both Individual Accounts and Corporate Accounts, we may follow any instructions regarding your Account provided that we reasonably believe such instructions are authorized by the Account holder.
7. Contributions
All contributions to your Account must consist of Eligible Digital Assets and must be transferred to the wallet address provided in your Intelex Account (or as otherwise notified by us to you). We reserve the right to reject any transaction, and/or the right to return any Digital Asset already made, each at your expense. Any Digital Asset received will be treated by us as being received at the date and time stamped on the blockchain confirmation.
8. Ownership of Digital Assets
You hereby represent and warrant to us at all times during which you hold Digital Assets in your Account that any Digital Asset used by you in connection with your Account is owned by you or that you are validly authorized to carry out transactions using such Digital Assets, and that all transactions initiated with your Account are for your own Account and not on behalf of any other person or entity. You further represent and warrant that all such Digital Assets are free from any claims, indebtedness, liens, or third-party interests.
9. Setoff and Security Interest Rights
You grant us a security interest in any and all of your Accounts for debts, amounts owed, or liabilities incurred (“Obligations”) to us or any of our affiliates by any owner of any of your Accounts. Obligations may include both secured and unsecured debts, and Obligations you owe individually or together with someone else, including Obligations under other transactions or agreements between you and us or any of our Affiliates.  We may take or set off assets in any or all of your Accounts, or transfer assets between any or all of your Accounts with us or any of our Affiliates for direct, indirect, and acquired Obligations that you owe us or our Affiliates, including any balances as a result of not having sufficient assets available, regardless of the source of assets in an Account. These rights are in addition to other rights we have to take, transfer, or charge assets in your Accounts for Obligations you owe us or our Affiliates.
Your acceptance of these Terms serves as your consent to Intelex’ asserting its security interest or exercising its right of setoff should any laws governing your Account require your consent. If the law restricts our ability to take, transfer, or setoff assets in your Account, or if some Digital Assets are protected from attachment, levy, or legal process, you waive those conditions and limits to the full extent that you may do so by contract, and you authorize us to apply assets in any or all of your Accounts to your Obligations. We hereby agree that, to the extent permitted by applicable law, you may take or set off assets in your Account, or any amounts we owe you with respect thereto, against the Obligations. If the law restricts your ability to take, transfer, or setoff assets in your Account, or if some Digital Assets are protected from attachment, levy, or legal process, we waive those conditions and limits to the full extent that we may do so by contract, and we authorize you to apply assets in any or all of your Accounts to your Obligations.
10. Risk Disclosure
These Terms and the holding of Digital Asset relationship does not create a fiduciary relationship between us and you; your Account is not a checking or savings account, and it is not covered by insurance against losses. We may lend, sell, pledge, hypothecate, assign, invest, use, commingle or otherwise dispose of assets and Eligible Digital Assets to counterparties or hold the Eligible Digital Assets with counterparties, and we will use our best commercial and operational efforts to prevent losses. 
Legislative and regulatory changes or actions at the region, federal, or international level may adversely affect the use, transfer, exchange, and value of Digital Assets. Transactions in Digital Assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Any secured account maintained by Intelex for the benefit of its customers may not be sufficient to cover all losses incurred by customers.
The value of Digital Assets may be derived from the continued willingness of market participants to exchange Digital Assets for Fiat currencies or other Digital Assets. If such willingness is abolished for any reason, this may result in the potential for a permanent and total loss of value of a particular Digital Asset.
The volatility and unpredictability of the price of Digital Assets may result in significant loss over a short period of time. The nature of Digital Assets may lead to an increased risk of fraud or cyber-attack, including rollback attacks or Blockchain reorganizations. The nature of Digital Assets means that any technological difficulties experienced by Intelex may prevent the access or use of your Digital Assets and/or cause losses of Digital Assets. 
Although Intelex takes precautionary measures to protect against cyber threats, circumstances may arise where losses or damages incur. In that event, you authorize Intelex to use Eligible Digital Assets to absorb the remaining losses.
In light of these risks, which are only some of the risks involved in using the Services and holding or trading in Digital Assets, and do not constitute an exhaustive list of such risks, you should carefully consider whether holding or trading Digital Assets in general and/or using our Services is suitable for you in light of your financial condition
11. Holding Eligible Digital Assets
You can hold Eligible Digital Assets to your Account by transferring Eligible Digital Assets to the address provided by Intelex. The transfer of such Eligible Digital Assets to your Account will not be deemed settled and completed until the blockchain transaction is deemed confirmed to the relevant address.
12. Withdrawals
You can at any time make a full or partial withdrawal of the relevant digital assets from your account in the amount in which they are available for withdrawal in your Intelex account. Intelex initiates the withdrawal process immediately following a withdrawal request when possible; however, we may require up to five working (5) days after you submit your withdrawal request to process the withdrawal. 
For every withdrawal request, you will need to provide information about the digital currency withdrawal wallet to which you want to transfer your Digital Assets, or you need to specify the bank card number of the bank account or account in the electronic money payment system. You warrant to intelex.io that digital currency wallets or bank cards or fiat withdrawal accounts belong to you and are registered to you. In the event that the details you provide are inaccurate, incomplete or misleading, your Digital Assets may be permanently lost. We will not be liable for any loss that results from inaccurate, incomplete or misleading details that you may provide for such transfer. If the transfer address you specify is one to which we are unable to process transfers, we will have no liability for any resulting failure or delay in processing your requested withdrawal.
Intelex and our third-party partners may experience cyber-attacks, extreme market conditions, or other operational or technical difficulties which could result in the immediate halt of transactions s either temporarily or permanently. Provided that Intelex has taken reasonable commercial and operational measures to prevent such events in technical systems controlled by Intelex, Intelex is not and will not be responsible or liable for any loss or damage of any sort incurred by you as a result of such cyber-attacks, operational or technical difficulties or suspensions of transactions. Withdrawal limits based on amounts and/or frequency may apply from time to time and will be described in your Account interface. Users can withdraw any amount at any time; however, our policies may require additional security checks that require up to 48 hours to complete. Any individual request to exceed withdrawal limits set by Intelex must be sent via email to [email protected]
Every transmission request shall be deemed pending until accepted by us. We may refuse to accept such request, or delay the processing of an approved request for any reasonable reason, including but not limited to insufficient assets in your Account, inaccurate or misleading information provided by you, or any doubt or suspicion of money laundering or other financial crime related to your Account.
Where you transmit only a part of the Eligible Digital Assets available in your Account, the transmitted Eligible Digital Assets will include first the principal amount (i.e. assets transmitted by you) and only after these are transmitted in full, any paid rewards may be transmitted.
13. How Rewards Are Calculated and Earned
The user's income is paid for storing digital currencies in the tariff plan chosen by him. After paying for the tariff by selecting it in the tariff plan calculator or other part of the site by clicking "Pay", you unconditionally agree with the selected tariff or staking conditions in the part of the amount that the platform blocks for storage in terms of the period for which the amount is blocked (that is, the period before which you do not you can withdraw your funds) and the frequency of payment of the reward for storage. You also agree that in case of payment of the tariff (plan) or staking with phytan money using a bank card or account, the platform automatically exchanges fiat money for digital currencies for storage at the rate specified in Section 19 of this agreement, and in case of withdrawal of funds, it automatically exchanges digital currencies for fiat money at the rate indicated in Section 19 of this agreement, for withdrawal to your bank card or account.
There are 361 days in a fiscal year. Income is accrued every 30 days, excluding the first day of creating a deposit in a tariff plan or staking.
All Eligible Digital Assets that (1) are not being used as collateral for loans; (2)  were not transferred to another Intelex user using Intelex Pay, and (3) were not requested for external transmission (Eligible Digital Assets meeting each of these three criteria, “Held Digital Assets“) entitle you to rewards while held with Intelex. Held Digital Assets in suspended accounts, for legal or other reasons, are not eligible for rewards. 
We occasionally update our rates and the rate changes are based on market conditions. Rewards will be payable in arrears and added to your Account weekly. We calculate the rewards on your Held Digital Assets based on market demand. 
Interest is charged in accordance with the user's tariff plan. Charges may be made monthly, quarterly, semi-annually and annually. Intellex reserves the right to make settlements in other periods and at its discretion.. Held Digital Assets, including those received as reward from previous weeks, will begin gaining rewards according to the hour, minute, and second on the timestamp verifying the completion of the applicable transaction and shall cease and/or decrease the amount paid as rewards at the moment when the User has entered an external transmission and/or transfer (via Intelex Pay) request. Therefore, any Eligible Digital Asset made mid-week will receive rewards with no distinction, based on the interest calculated for the relative time within the allocation period.
We will credit your Account with the rewards earned for the previous week on or around the first business day of each week. Your Account must be open on the date the credit is earned for you to receive the applicable rewards. All rewards will be paid in-kind (in the same Eligible Digital Asset that is available in your Account) or, subject to your in-app choice and regulatory and business considerations, in Intelex. To make such in-kind interest payments as accurately as possible, Intelex rounds non-integer, rational numbers to the sub-cent, which is the smallest or biggest possible decimal available for the applicable Eligible Digital Asset.
If for any regulatory or legal reason we are limited in the rewards rate we may offer you (or if we are completely restricted from paying any rewards to you whatsoever), the rewards to which you shall be entitled will be limited accordingly. Based on our reasonable interpretation of legal requirements, without prior notice, we may limit the rewards to which you will be entitled.
14. Consent to Intelex’ Use of Your Digital Assets
In consideration for the rewards earned on your Account and the use of our Services, you grant Intelex the right, subject to applicable law, without further notice to you, to hold the Digital Assets available in your account in Intelex’ name or in another name, and to pledge, re-pledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such Digital Assets, separately or together with other property, with all attendant rights of ownership, and for any period of time, and without retaining in Intelex’ possession and/or control a like amount of Digital Assets or any other monies or assets, and to use or invest such Digital Assets at Intelex’ own risk. You acknowledge that with respect to assets used by Intelex pursuant to this paragraph:
        (i) You may not be able to exercise certain rights of ownership; 
        (ii) Intelex may receive compensation in connection with lending or otherwise using Digital Assets in its business to which you have no claim or entitlement;
        (iii) Intelex borrowers may default partially or entirely, which can result in partial or total loss of your coins. In that event, you authorize Intelex to use Eligible Digital Assets to absorb the remaining losses of the same coin;
        (iv) Intelex may use your Eligible Digital Assets as collateral to borrow other digital or fiat assets in different jurisdictions around the world. While such borrowing are for the purpose of optimizing the returns to all members, Intelex may experience losses or partial recovery of such collateral in certain situations.
      (v) You authorize Intelex to use Eligible Digital Assets to absorb the remaining losses; and,
(vi) Intelex may lend your coins to exchanges, hedge   and other counterparties, which may provide full or partial collateral for any coin or fiat loan.
15. Hard Forks
Any Blockchain may undergo software updates from time to time, which will result in a permanent divergence in the Blockchain (a “Hard Fork”). The result is such Blockchain will split into two separate and distinct Blockchains, and any Digital Asset on that original Blockchain may entitle its holders to a new type of Digital Asset (the “New Currency”). Due to the administrative complexity of being the repository for a hard-forked Digital Asset, the support of any New Currency in your Account is solely at the discretion of Intelex. If we make no public announcement regarding an anticipated Hard Fork, we will not support the New Currency and will be an unsupported currency (“Unsupported Currencies)”), in which case all Accounts will be denominated in the legacy Digital Asset and all rewards will accrue in the legacy Digital Asset. You agree that Intelex assumes no responsibility whatsoever with respect to those Unsupported Currencies and You will not be able to recover the Unsupported Currencies from Intelex. Intelex assumes absolutely no responsibility whatsoever with respect to Unsupported Currencies.
In the event that a Hard Fork achieves the required consensus, it is possible that we will only support the New Currency and will discontinue our support of the legacy Digital Asset. In the event of a Hard Fork that entitles you to a New Currency, you are advised to withdraw the applicable Digital Assets from your Account prior to the date of the Hard Fork. Intelex is not obligated in any way to monitor or maintain balances of New Currency issued to holders of the applicable Digital Assets upon a Hard Fork, or to credit you for the value of such New Currency. In the event you wish to receive New Currency issued upon a Hard Fork, you are advised to withdraw the applicable Digital Assets from your Account prior to the date of the Hard Fork. All determinations regarding Hard Forks shall be made by Intelex in its sole and absolute discretion and in accordance with applicable law
16. Intelex Pay
Intelex Pay is Intelex’ Digital Asset payment tool for mobile or web applications. Intelex Pay allows you to send payments in supported Digital Assets (currently BTC and ETH and others) to other registered Users. 
By using our Intelex Pay feature, you understand and acknowledge that:
        (i) transfers of Eligible Digital Assets by Intelex Pay are not recorded on any blockchain, but rather on Intelex’ books;
        (ii) any payment sent to the wrong User may be irrevocably lost, and it is your sole responsibility to make sure you provide the correct address;
        (iii) the completion of a transfer may not be immediate, and it may take some time before the transfer is processed and the payee’s account is credited;
        (iv) use of the Intelex Pay feature is subject to limitations on amounts transferred, as determined in Intelex’ reasonable discretion from time to time;
        (v) all Intelex Pay transfers are final and irreversible;
        (vi) you are familiar with the person to whom payment is made, and that such payment is not made for any illicit or illegal purpose.
Intelex does not accept any liability for transfers or attempted transfers would violate any law or regulation, including without limitation, KYC requirements, embargoed or restricted persons or locations, prohibitions against money laundering and/or anti-bribery laws, and structured transactions or tax evasion, and Intelex may refuse to perform, block, or otherwise void any transfers that Intelex reasonably believes could violate any law or regulation.
17. Taxes
Within Intelex’ platform, you will be able to see a record of the transactions related to your Account which you may wish to use for the purposes of making any required tax filings or payments. It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority. We may deduct or make any tax withholdings or filings that we are required by law to make, but we are not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. You are responsible for complying with applicable law. You agree that Intelex is not responsible for determining whether or which laws may apply to your transactions, including tax law. You are solely responsible for reporting and paying any taxes arising from your Account.
18. Account Statements
We will make all logs and records of activities concerning your Account available to you through our mobile application only. We do not generate periodic statements showing the activity on your Account. You must examine these logs and records and notify us of any unauthorized use or any error or irregularity on your Account within fourteen (14) calendar days after the error occurs. If notice is not received within the fourteen (14) calendar-day period, you will not be able to raise any further claim in this respect.
19. Conversion Rates
Any conversion between a Digital Asset and another Digital Asset or between a fiat money and digital assets and reverse exchange shall be made by us in accordance with the rates and prices applicable at the actual time of conversion. Applicable rates are indexed to those used by industry-leading platforms, as we may choose to use from time to time, in our sole discretion. We currently use rates provided by Coinpayments, Binance, Huobi. Bitstamp, Kraken, Сoingecko, and our own rates as determined by our liquidity providers. We may change these rate sources at any time and without giving prior notice or updating these Terms, and you shall not have any claims regarding our choice of rate sources or rates made available by any third party. The user confirms that any exchanges made by the user in his account are considered completed and irrevocable if the exchange has already been made, and the conversion rates are accepted by him unconditionally.
20. Closing an Account
(i) Intelex Right to Account Closure- We have the right to close your Account at any time for any reason without advance notice. If your Account has a balance when we close it, we will return the remaining Digital Assets to you, including accrued rewards earned until the close date, less any applicable penalty, withholding tax and other applicable deductions, unless prohibited by applicable law. In the event of irregular activity, we may hold your assets until we close your account. Any Digital Assets that Intelex returns to you will be sent to the designated withdrawal addresses in your user profile on the Intelex platform for each respective Digital Asset you hold. Accounts are not transferable or assignable in whole or in part. Intelex may be required by law to turn over the assets in abandoned or unclaimed customer accounts to the state of your last known residence (“Escheatment”). Escheatment periods vary by jurisdiction, and you are responsible to determine the applicability of such laws in your place of residence. Intelex reserves the right to deduct a dormancy fee or other administrative charges from such unclaimed or abandoned Digital Assets, as permitted by applicable law.
(ii) Right to Close Your Account-  If you want to terminate your Account with Intelex, you may do so by notifying Intelex at [email protected] Once your Intelex Account is closed, you agree: (a) to continue to be bound by these Terms, as required by Section 36 (Survival) (b) to immediately stop using the Services, (c) that we reserve the right (but have no obligation) to delete all of your information and account data stored on our servers, and (e) that we shall not be liable to you or any third party for termination of access to the Services or for deletion of your information or account data. You acknowledge that any legal obligations you may have under any other agreement with Intelex (including any loan agreement or agreement governing lending or investing in Intelex or its affiliates) will not be affected in any way by the termination of the Terms and any such other agreement between you and Intelex will continue to be in effect in accordance with its terms.
21. Liability for Unauthorized Transfers from Your Account
You must notify us IMMEDIATELY via email to [email protected] if you believe that an electronic transfer has been made without your permission, or if your statement shows transfers that you did not make. YOU ACCEPT ALL RISKS OF UNAUTHORIZED ACCESS AND USE OF YOUR ACCOUNT.
22. Eligible Digital Currency
We may, from time to time and in our sole discretion, add and remove certain Digital Assets from our list of Eligible Digital Currencies. If a Digital Asset is removed, it will no longer be available to be used via our Services. We will notify our Users of our intention to add and/or remove Digital Assets as soon as commercially reasonable. However, under certain circumstances (e.g. for legal reasons) such changes may be required to be made immediately and without prior notice. In the event any Digital Asset ceases to be an Eligible Digital Asset, you will no longer be entitled to receive any rewards accrued on it or make any other use of it via our Services.
23. Disclosure of Account Information
We may disclose information to third parties about you, your Account, or the transfers you make:
        (i) Where it is necessary for the provision of our Services under these Terms;
        (ii) In order to verify the existence and condition of your Account for a third party, such as a referral partner;
        (iii) For the purpose of conducting our AML and KYC checks;
        (iv) If you give us written authorization;
        (v) In order to comply with any request or order by any government agency or competent court; and
        (vi) As described in our Privacy Policy (https://intelex.io/privacy).
24. Conflict/Disputes Involving Your Account
We are not liable to you for errors that do result in a financial loss to you. We may take any action that is authorized or permitted by these Terms without liability to you, even if such action causes you to incur fees, expenses or damages. If third parties make claims on your Account, or if we receive conflicting instructions from you, or if we become involved in or concerned about a dispute between you and any third party, we reserve the right to react in ways that we believe in good faith to be appropriate, including by closing your Account and returning the Digital Assets available therein, or interpleading assets to court. You are liable for all expenses and fees we incur for such conflicts or disputes, including internal costs and attorneys’ fees, and we may charge or deduct them directly from your Account. 
We are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions. By initiating a transfer, you attest that you are transacting in an Eligible Digital Currency which conforms to the particular Intelex account into which assets are directed. For example, if you select an Ethereum wallet address to receive assets, you attest that you are initiating a transfer of Ethereum alone, and not any other currency such as Bitcoin or Ethereum Classic. Intelex incurs no obligation whatsoever with regard to Unsupported Currencies sent to a Intelex account or Eligible Digital Currency sent to an incompatible Eligible Digital Currency account. Erroneously transmitted assets will be lost. We recommend customers send a small amount of Eligible Digital Currency as a test prior to initiating a send of a significant amount of Eligible Digital Currency. 
We reserve the right to limit access to your Accounts, which can include temporarily or permanently removing your Account access via the internet, and/or restricting your Account, and/or closing your Accounts without prior notice to you (unless prior notice is required by law), and we shall have no liability for such actions. In addition, Intelex reserves the right to withhold or delay the transmission of  assets belonging to you if you fail to comply with these Terms. Our total aggregate liability to you for any claim is limited to the face value of the applicable item or transaction, or the actual value of any assets not properly credited or debited.
25. Legal Process Affecting Accounts
If legal action such as an attachment, garnishment, levy, or other state or federal legal process (“Legal Process”) is brought against or in connection with your Account, we may refuse to permit (or may limit) withdrawals or transfers from your Account until the Legal Process is satisfied or dismissed. Regardless of the terms of such Legal Process, we have first claim to any and all assets in your Account. We will not contest any Legal Process on your behalf, and we may take actions to comply with Legal Process without liability to you, provided that we reasonably believe any such action is appropriate under the circumstances. If we incur any expenses in connection with any Legal Process, including without limitation reasonable attorneys’ fees, we may charge such expenses and fees to any of your Accounts with us without prior notice to you, or we may bill you directly for such expenses and fees. Any garnishment or levy against your Account is subject to our right of setoff and security interest.
26. Indemnification and Limitation of Liability; Attorney’s Fees and Costs for Lawsuits
You agree to indemnify and hold harmless Intelex and its employees, managers, partners and Affiliates from any losses, damages, suits and expenses, of whatever kind, including reasonable attorneys’ fees, that we incur in connection with or arising out of your use of your Account and/or the Services, or our activities in connection with such Account, and for your violation of any law, regulation, order or other legal mandate, or the rights of a third party, or any act or omission by you or any person acting on your behalf while using your Account, regardless of whether the specific use was expressly authorized by you. You agree to comply with applicable law and to not use your Account for any transaction or activity that is illegal or violates applicable laws, regulations or rules. Please note, your agreement to comply includes any and all applicable laws and regulations of the Estonia, as well as of your place of residency and any law applicable to you.
We are not liable to you for claims, costs, losses or damages caused by an event that is beyond our reasonable control (e.g. the acts or omissions of third parties, natural disaster, emergency conditions, government action, equipment or communications malfunction). We are not liable for special, incidental, exemplary, punitive or consequential losses or damages of any kind. Except for any setoff permitted by applicable law and Section 9 of these Terms, any Obligations of ours may be satisfied solely from the assets of Intelex. Without limiting the generality of the foregoing, in no event shall you have any recourse, whether by setoff or otherwise, with respect to our Obligations, to or against any assets of any person or entity other than Intelex for Intelex’ Obligations, including, without limitation, any member, Affiliate, investor, employee, officer, agent or advisor of Intelex. For the avoidance of doubt, the foregoing shall not limit any setoff permitted by applicable law and Section 9 of these Terms.
27. Disclaimer of Warranty
28. Class Action Waiver
To the extent permissible by law, all claims must be brought in a party’s individual capacity, and not as a plaintiff or class member in any purported class, collective action, or representative proceeding (collectively “class action waiver”). the arbitrator may not consolidate more than one person’s claims or engage in any class arbitration. you acknowledge that, by agreeing to these terms, you and Intelex are each waiving the right to a trial by jury and the right to participate in a class action.
29. Our Ownership of the Services and Intelex IP
You agree and acknowledge that we own all right, title and interest to and in the Services, the associated software, technology tools and content, the Intelex Network website, any logos, identifying marks, images, illustrations, designs, icons, photographs, videos, text and other written and multimedia materials,  the content displayed on the website, and other materials produced by and related to Intelex (collectively, the Intelex IP). You acknowledge and agree that no proprietary rights are being transferred to you in such materials or information, and that you have no intention of using such materials or information inappropriately or to in any way harm Intelex or any of its affiliates, directors, officers or employees.. You shall not prepare any derivative work based on the Intelex IP, nor shall you translate, reverse engineer, decompile or disassemble the Intelex IP.
30. Communications
We may record and monitor our telephone conversations with you and your electronic communications with us (chat, email, and other forms of electronic exchange). Unless the law requires otherwise, you consent in advance to such recording and monitoring and we do not need to remind you of these activities. You must promptly notify us of any change in your contact information, including residential post and email address. Failure to notify us in a timely fashion may result in delay or non-receipt of notices or correspondence.
31. Waiver
We may delay the exercise of, or entirely waive any rights we have under these Terms. If we delay or waive our rights, you are still obligated to pay us Obligations you may owe us, remove any violation of these Terms and/or otherwise follow our instructions (as applicable). Any delay or waiver of our rights applies only to the specific instance in which we decide to delay or waive the provision and does not affect our other or subsequent rights in any way.
32. Changes in Terms
Please be aware that the terms and conditions governing Accounts or the Services can change over time. We reserve the right to discontinue or make changes to any Accounts or Services. We may change these Terms, and we may add to or delete from these Terms, and the updated version will supersede all prior versions. We will provide notice of changes, additions, and deletions as required by law. If we have provided advance notice and you do not agree with a change, you may close your Account(s) before the effective date of the change, which shall be your sole remedy. The continued maintenance of your Account following the effective date of any change will constitute your acceptance of such change and subject your Account to the modified Terms.
33. Assignment
These Terms, or any of the rights and/or obligations provided hereunder, may not be assigned or otherwise transferred by you to any other person or Entity, whether by operation of law or otherwise, without Intelex’ express written consent, and any attempted assignment in violation of this prohibition shall be void ab initio and of no effect.  Intelex may assign or transfer these Terms and/or any or all of its rights and/or obligations hereunder at any time to any Affiliate of Intelex.  Any permitted assignment or transfer of or under these Terms shall be binding upon, and inure to the benefit of the successors, executors, heirs, representatives, administrators and permitted assigns of the parties hereto.
34. Governing Law and Venue
The relationship between you and Intelex is governed exclusively by the laws of the Estonia, without regard to its conflict of law provisions.  Any dispute arising out of, or related to, your Account or relationship with Intelex must be brought exclusively in the courts located in Tallin, Estonia; however, Intelex may bring equitable relief or collections actions in any applicable jurisdiction.
35. Force Majeure
We will not be liable for delays in processing or other non-performance caused by such events as fires, telecommunications, utility, or power failures, equipment failures, labor strife, riots, war, nonperformance of our vendors or suppliers, acts of God, pandemic or epidemic events, or other causes over which we have no reasonable control.
36. Survival
The provisions of Sections 17 (Taxes), 26 (Indemnification), 27 (Disclaimer of Warranty), 28 (Class Action Waiver), 30 (Our Ownership of the Services and Intelex IP) and 35 (Governing Law and Venue) shall survive the termination of these Terms.
All tariff plans displayed in US dollars consist of cryptocurrency assets, and display in US dollars is carried out at the internal exchange rate of Intelex. Display in US dollars is made for the convenience of the user perception of the amount of cryptocurrencies. All transactions made using fiat funds in the Intellex account are transactions on the buy or sale of cryptocurrencies for storing them on the Intelex account.