Terms and conditions
The terms and conditions in this document apply to all My Universal Wallet MINING PARTNERS and to anyone over the age of 18 who may become a MINING PARTNER by accepting these terms and conditions, agreeing to have read and understood the terms and conditions and that the My Universal Wallet MINING PARTNER is subject to the following terms and conditions between you and My Universal Wallet:
My Universal Wallet may modify these terms and conditions at any time. All changes to these terms and conditions will take effect immediately upon implementation. Your acceptance of the revised terms and conditions will happen at the time of your login to the Back Office, which will be considered as your acceptance of any changes. If you do not agree to these terms and conditions, do not become a My Universal Wallet MINING PARTNER.
You now have the opportunity to join My Universal Wallet as a MINING PARTNER. Membership is free at My Universal Wallet. By signing up as a MINING PARTNER, you are permitted, but not obligated, to inform others how to acquire My Universal Wallet from time to time so that they also become of My Universal Wallet MINING PARTNERS.
PLEASE NOTE THAT WE MAY ONLY INFORM OTHERS ABOUT My Universal Wallet ACTIONS WHEN OPENING THE ONLINE OFFER TO NEW My Universal Wallet MININGS PARTNERS!
To become a MINING PARTNER, you must be at least 18 years of age and have reached the age of majority in your country of residence. When you sign up to become a MINING PARTNER you need to provide information about the MINING PARTNER who appointed you to become one. Please note that it is not possible to change the reference MINING PARTNER later, so please be careful that you submit the correct link when you apply to become a MINING PARTNER.
To become a MINING PARTNER you must provide accurate, complete, and up-to-date registration information, including an exact name and e-mail address. Members may not (i) select or use the e-mail address of another person; (ii) use the name subject to the rights of another person without the authorization of that person; (iii) use a false or misleading name, mailing address or e-mail address to activate or use a MINING PARTNER's account.
By signing up as an My Universal Wallet MINING PARTNER, you as a MINING PARTNER are opting to receive other special offer e-mails from My Universal Wallet trading partners with whom we cooperate from time to time. If you do not wish to receive these emails, you can cancel your status as a MINING PARTNER at any time.
Your association and status as a MINING PARTNER is personal and you may not sell it or transfer your membership or status as a MINING PARTNER without My Universal Wallet's prior written consent. Please also note that you can NOT change sponsors when you sign up as a MINING PARTNER.
My Universal Wallet reserves the right to track the activities of the MINING PARTNERS by both the IP address and the individual activity of the browser.
My Universal Wallet may reject the registration or activation of the MINING PARTNER, without giving any reason for rejection.
These terms and conditions are in progress from the day you become a MINING PARTNER and will continue until terminated by you or My Universal Wallet, as set forth in these terms and conditions, but under the 'Termination' heading.
My Universal Wallet does not control how the MINING PARTNER acts under these terms and conditions. The MINING PARTNER must always strictly follow the regulations with those terms and conditions and all other policies governing My Universal Wallet's relationships with MINING PARTNERS.
My Universal Wallet makes no representations or promises about the amount of sales or bonuses based on My Universal Wallet gains that the MINING PARTNER will be able to obtain. In addition, My Universal Wallet does not guarantee any statements or promises that the MINING PARTNER will earn or profit from the mining of any cryptocurrency that the MINING PARTNER may, by their own decision, decide to purchase from My Universal Wallet.
You agree to take steps to familiarize yourself with national and state marketing bans through e-mail, fax, and telephone numbers and to avoid undue business solicitations.
You agree to avoid misleading or improper statements about My Universal Wallet's offers.
You agree that any payment is for any, such as, but not limited to, My Universal Wallet MINING PLANS. Please refer to the 'Available Plans to MINING PARTNERS' section for billing facilities approved by My Universal Wallet.
Rejection to become a MINING PARTNER
My Universal Wallet may reject your request to become a MINING PARTNER without giving any reason for rejection.
The following countries are restricted and you can not become a MINING PARTNER if you are a citizen of any of the following countries: Iraq, Iran, Cuba, USA, Burundi, Central African Republic, Congo, Côte d'Ivoire Lebanon, Libya, Moldova, Myanmar, Somalia, South Sudan, Sudan, Ukraine, Syria and Yemen.
Back Office access
As a reseller in My Universal Wallet, you can log in to your back office at https://backoffice.myuniversalwallet.com/, ('Back-Office'). In the Back Office you will find information about My Universal Wallet and the opportunities that My Universal Wallet offers from time to time to all MINING PARTNERS. From your back office you can also purchase the MINING PLANS that My Universal Wallet offers from time to time.
E-mail: Electronic Notification
When you are approved as a MINING PARTNER of My Universal Wallet, you expressly agree to receive any notices, agreements, disclosures, reports, documents and communication regarding new products, services or other My Universal Wallet registrations or correspondence. You agree to receive such notifications electronically by e-mail.
Introduce and route MINING PARTNERS
As a MINING PARTNER you may introduce and appoint new members and retailers to My Universal Wallet. PLEASE NOTE THAT My Universal Wallet DOESN'T AWARD ANY BONUSES, COMMISSION OR REMUNERATION TO NEW My Universal Wallet MINING PARTNERS. The only way you, as a MINING PARTNER, can be rewarded is if you or any of the MINING PARTNERS you mentioned directly or indirectly to My Universal Wallet purchase any My Universal Wallet MINING PLAN.
Property rights on websites
All content featured on the website https://myuniversalwallet.com, hereinafter referred to as 'website', including the My Universal Wallet brand, any variation of the My Universal Wallet brand, videos, graphics, drawings, texts, photos, applications, software and other files are the property of My Universal Wallet., hereinafter referred to as ('Proprietary Property') and belong to My Universal Wallet.
You may not modify, copy, distribute, frame, republish, display, publish, transmit, download or sell any Proprietary Property in any form or by any means, in whole or in part, without the prior written consent of My Universal Wallet. You may not upload or republish Proprietary Property on any Internet site, Intranet, or Extranet, or incorporate the information into any other database or compilation. Any use of the Proprietary Property without My Universal Wallet's prior written consent is strictly prohibited and will terminate your rights as a MINING PARTNER and any unpaid and future bonuses under these terms and conditions will be forfeited and legal proceedings may be taken against you. Such unauthorized use may also violate applicable laws, including copyright and trademark laws, as well as applicable communications regulations and statutes. Unless explicitly stated in this document, nothing in these terms and conditions shall be construed as conferring any license to intellectual property rights, whether by implication or otherwise.
The names My Universal Wallet used in graphics, logos, designs, page headers, button icons, scripts, and service names are trademarks of My Universal Wallet, hereinafter referred to as the 'Trademarks'. All rights are reserved. All such trademarks may not be copied or used in any manner without the prior written consent of My Universal Wallet. You hereby agree that you are familiar with the My Universal Wallet Property and are not permitted to register any Proprietary Property, including names, slogans, trademarks, logos, designs, domain names, images or copyrighted material substantially similar to those of My Universal Wallet. All trademarks are owned by My Universal Wallet.
You are prohibited, without prior written consent from My Universal Wallet, from advertising in any manner or form that includes the name My Universal Wallet or any variation thereof. This includes but is not limited to advertising, promotions of any kind or any advertising links on social forums, such as blogs, social forums or other marketing outlets designed to promote a My Universal Wallet MINING PARTNER.
However, you are permitted to use marketing material that can be found on your Back-Office, including your referral link as a MINING PARTNER to promote the possibility of becoming a My Universal Wallet MINING PARTNER for any of the MINING PLANS offered periodically by My Universal Wallet. The MINING PARTNERS, in places that are directed to their acquaintances, friends and contacts, the so-called hot market.
My Universal Wallet prohibits the marketing practice commonly referred to as 'Spam'. All messages originating from you as a MINING PARTNER must comply with all applicable laws in your jurisdiction as well as the general regulations regarding spam. In the event of any validated 'Spam' report by you, My Universal Wallet may, in its sole discretion and without notice, terminate or suspend your MINING PARTNER account and, in the event of termination, you will lose future unpaid bonuses and mined cryptocurrency. My Universal Wallet defines 'Spam' as: E-mails addressed to a recipient with whom the originator does not have an existing business or personal relationship or is not sent on request or with the express consent of the recipient; Messages posted to forums and message boards outside the subject (not related to the topic of the discussion), messages sent to discussion groups or forums that are not related to the topic and messages posted in excessive volume; Requests posted in forums, in murals, private messages or chat rooms, or in groups or individuals via Chat or Instant Messaging systems. My Universal Wallet will evaluate each incident of abuse and, at its sole discretion and with or without notice, will suspend your account and/or terminate the account with the loss of any unpaid and future bonuses. Please note that you agree and accept that My Universal Wallet will not be liable for any damages incurred in connection with the emails you send as a retailer. The retailer shall be responsible for its own communications and for its compliance with these terms and conditions.
Request, winnings and Disclaimers
My Universal Wallet is not responsible for any errors or omissions contained in any content posted on the site, nor responsible for any loss incurred as a result of using the content of the webpage in any way. My Universal Wallet has not requested or given you any personalized financial advice. My Universal Wallet employees will respond to your general customer service questions. Either way, they will not give you specific financial advice as they are not licensed under the securities laws to deal with your particular financial situation. The communication of our employees only has effect in providing technical support. Information provided on the site should not determine financial decisions. Further, My Universal Wallet does not warrant that you will make any money from any MINING PLAN purchased from My Universal Wallet and the result of the mining is a result beyond the control of My Universal Wallet. You will obtain the result in accordance with these terms and conditions.
Before deciding whether to apply to become a MINING PARTNER of My Universal Wallet and then, at your own discretion, deciding if you wish to purchase any My Universal Wallet MINING PLAN, find competent and professional help and read all available information or public company information regarding My Universal Wallet. If the information you find contains forecasts, expectations, beliefs, plans, assumptions or future revenue potential, this may not be a statement of historical fact and may be 'forward-looking statements'. 'Forward-looking statements' are based on expectations, estimates and projections at the time the statements are made, involving a number of risks and uncertainties that could cause actual results to differ substantially from those currently forecasted. Most 'forward-looking statements' include the following words: 'expects,' 'will,' 'predicts,' 'estimates,' 'believes,' or 'may.'
State and political law; Rights, please understand that you may have additional rights from state laws based on where you live. Such State-based rights may increase, strengthen or otherwise in any way complement any right to privacy you have inherently or under federal law. Our policy is to fully comply with the privacy policies of all jurisdictions in which we operate. Thus, you are free to use our contact information to contact us at any time to claim any state rights.
Protecting the privacy of the very young is especially important. For this reason, our website will never collect or keep information of those we actually know that are under the age of 18, and no part of our website is structured to appeal to anyone under the age of 18. No children under the age of 18 are allowed to use the website and access My Universal Wallet products and services.
Refund and cooling period
If you choose to purchase any My Universal Wallet MINING PLAN, you will have a 14-day cooling-off period, also called a grace period, which means you may regret your purchase from My Universal Wallet and request a refund as you did not use the plan you bought. In the case of a refund request, a cancellation fee of 18% will be charged on the value of your contract. YOU ARE AWARE AND AGREE THAT THE REFLECTION PERIOD IS CLOSED WHEN YOU REGISTER IN YOUR BACKOFFICE, PERFORM ANY ACTIVITY THAT USES THE CREDIT ON ANY CURRENT ACCOUNT OR ANY MOVEMENT IN YOUR VIRTUAL CURRENCY PORTFOLIO, WHETHER CREDIT OR DEBIT, SO BEING CONSIDERED AS THAT YOU HAVE USED THE MINING PLAN IN ITS ENTIRETY AND YOU MAY NOT RECEIVE REFUND OF My Universal Wallet AFTER THAT POINT.
The agreement is valid from the day My Universal Wallet accepts you to become a My Universal Wallet MINING PARTNER until either party terminates in accordance with what is stated in the 'Termination' section.
Know your customer
Due to the protection of My Universal Wallet, My Universal Wallet can, at any time, at its own discretion, ask you to provide a copy of your passport and a copy of a utility bill that is not older than 90 days and shows your address. This request is called 'KYC Request'. You are aware and agree that you will be required to provide accepted KYC documents before you can exchange any points and other cash bonuses for a third party who is licensed to handle such information and make any cash payments.
If a KYC request is required, you will not be able to exchange points or other bonuses until you have provided acceptable documents.
If you breach these terms and conditions or if you act in a way that My Universal Wallet deems inappropriate or if you misuse any information given to you before it is disclosed to the public or in any way misrepresent My Universal Wallet, defame, disclose gossip, do statements or if you say or write things that could damage the reputation of My Universal Wallet as a company or any employees, consultants, outsourcers or individuals associated with My Universal Wallet, you are aware that My Universal Wallet may suspend and/or terminate your status as a MINING PARTNER and also reserves the right to take legal action against you for any damages you may have caused My Universal Wallet.
Suspending you as a MINING PARTNER
If you violate these terms and conditions or if My Universal Wallet suspects that you violated these terms and conditions, My Universal Wallet may suspend you as a MINING PARTNER, which means that My Universal Wallet will temporarily disable your access to Back Office and will temporarily disable your access to all content, news and possibility to have any benefit from any offer you may have purchased until My Universal Wallet makes a final decision to rescind or resume your status as a MINING PARTNER. Termination of your MINING PARTNER status will have consequences that can be found in the 'Terminating your MINING PARTNER status' section. Resuming your MINING PARTNER's status will restore your access to Back Office services and all information you had right to see prior to the suspension.
If you are suspended, My Universal Wallet also reserves the right to freeze your bonuses and points until the investigation is finalized.
Please note that if you are suspended as a MINING PARTNER, you will not be allowed to nominate new members to My Universal Wallet. During the suspension period, you will NOT be permitted or entitled to any bonus, cryptocurrency mining, nor will you be compensated for any loss of any kind, including, but not limited to, loss of bonus or encrypted credit in mining.
Termination of your status as a retailer
You may, at any time, terminate your MINING PARTNER status by sending an email to email@example.com.
My Universal Wallet may, at any time, make a decision to terminate your status as a MINING PARTNER, without giving any reason for termination. The termination will be effective immediately. My Universal Wallet reserves the right to terminate your status as a MINING PARTNER in order to comply with applicable laws, to protect your property or property of third parties and to ensure the safety of My Universal Wallet and others. Also, My Universal Wallet may terminate your status if My Universal Wallet suspects under reason that a registrant has or is likely to engage in any activity that violates these terms and conditions for MINING PARTNERS.
After the termination happens, it will be displayed on the homepage of the MINING PARTNER's back-office. My Universal Wallet will also send you an automatic e-mail with the termination notification to the e-mail address you have registered with My Universal Wallet.
In the event of termination, neither the hardware on which any mining was performed will be delivered to the MINING PARTNER, nor will any unused mining capacity will be reimbursed and, in the case of any prepayment made, the prepayment will be refunded.
In the event of any breach of these terms and conditions, My Universal Wallet, without prejudice to any other legal and equitable rights and remedies, reserves the right to take any actions it deems appropriate, including but not limited to issuing warning letters, suspend or terminate you as a MINING PARTNER and seek litigation or other legal action.
In addition, My Universal Wallet has zero tolerance for non-professional behavior which may in any way shape or otherwise directly or indirectly impair My Universal Wallet or the companies with which My Universal Wallet cooperates from time to time.
Legal actions will be taken against these MINING PARTNERS for any loss of revenue or any other financial damage or loss caused to My Universal Wallet or the companies which My Universal Wallet cooperates from time to time. Any MINING PARTNER who has taken the name of My Universal Wallet - directly or indirectly - or in any way misrepresents My Universal Wallet or the companies with which My Universal Wallet cooperates from time to time will also be subject to legal action by My Universal Wallet and/or companies that My Universal Wallet from time to time the time cooperates.
My Universal Wallet will be the sole determinant of suspected abuse, fraud, violation of its rules, unprofessional behavior or misrepresentation of My Universal Wallet. Any decision made by My Universal Wallet regarding the cancellation of potential bonuses and the suspension or termination of MINING PARTNER status will be final and binding.
Bonus loss and crypto-coin mining
If the MINING PARTNER loses its status due to a breach of these terms and contract or if the MINING PARTNER fails to provide acceptable documents pursuant to a KYC Request within 2 weeks of the KYC Request being sent, see under the heading 'Know Your Customer', all rights to current and future bonuses, including rewards and bonuses that are in the points account, are forfeited and the MINING PARTNER can not claim any rights to lost bonuses, points or rewards.
Bonus retention and cryptocoin mining result
If the MINING PARTNER receives any bonuses, commission or mining results from encrypted mining currency due to system failures, hacker attacks or otherwise, you agree and accept that My Universal Wallet will retain all future mining results from encrypted coins, bonuses, commission or other rewards until the financial damage is restored.
You acknowledge and agree that, to the fullest extent permitted by applicable law, you will not hold harmless employees, consultants, third parties or individuals associated with My Universal Wallet responsible for any damages or injuries caused or related to your use or inability to use crypto-coins or the website My Universal Wallet and back-office under any cause or action of any kind in any jurisdiction, including but no limited to actions of breach of warranty, breach of contract or unlawful act (including negligence). You also agree that no third party or individual associated with My Universal Wallet shall be responsible for any indirect, incidental, special or consequential damages, including profit losses, goodwill or data, in any way arising from the use or impossibility of using crypto-coins.
You specifically acknowledge that third parties and individuals associated with My Universal Wallet are not accountable. You also agree not to attempt to hold any third parties or individuals associated with My Universal Wallet responsible for the conduct of any third party, including CryptoMed Mining, and that the risk of mining and use of Cryptotomes is entirely yours.
My Universal Wallet reserves the right to assume the exclusive defense of any claim for which My Universal Wallet is entitled to indemnification under this section. In this case, you must provide My Universal Wallet with the cooperation requested by My Universal Wallet.
Legal and tax compliance
You are subject to all laws of the state, province and/or country in which you reside and from which you access the My Universal Wallet website and you are solely responsible for complying with such laws. The partner is not an employee of My Universal Wallet or any associated company and can not claim to be so. The MINING PARTNER is responsible for all taxes and fees based on all bonuses, points, encrypted coins drawn and encrypted coins received from the My Universal Wallet bonus system. In the event My Universal Wallet is responsible for any tax or fee based on your bonuses, points, promotion codes, encrypted coins withdrawn and other payments to you as a MINING PARTNER, you agree to indemnify and hold My Universal Wallet harmless for that and accept that My Universal Wallet can claim responsibility and retain already generated and future bonuses, points, mined coins already mined and future, Promotional Codes and other remunerations to cover any payment of taxes or fees to the partner.
If any government entity determines that the MINING PARTNER is subject to a wage withholding, the MINING PARTNER agrees to form a corporation (or perform such role) or take reasonable steps to establish that the MINING PARTNER is not an employee of My Universal Wallet. My Universal Wallet shall have the right to terminate this agreement immediately upon written notice. If the MINING PARTNER forms a corporation, then, upon My Universal Wallet's request, the MINING PARTNER shall provide documentation that a corporation has been formed and is in regular standing. If the MINING PARTNER forms a corporation, all commissions under these My Universal Wallet terms and conditions shall be paid to the MINING PARTNER corporation, otherwise payments shall be made due to the commercial or commercial name of the MINING PARTNER.
If any government or authority requires My Universal Wallet to pay taxes, fees, social security, VAT on its purchased MINING PLAN or insurance contribution on behalf of the MINING PARTNER or in relation to the product and/or services that the partner has acquired from My Universal Wallet, you agree that My Universal Wallet retains such taxes and fees from your already received and future bonuses, promotion codes and mined crypto currencies. If My Universal Wallet suspects that you violated the law, for instance, by using a stolen credit card or otherwise defraud or attempt to cheat, My Universal Wallet may immediately suspend your MINING PARTNER status, block all your bonuses and take other legal action against you without notice. You agree that My Universal Wallet can not be held liable if the laws applicable to you restrict or prohibit its participation.
My Universal Wallet reserves the right to monitor the location from which you access the My Universal Wallet websites and to block access from any jurisdiction in which participation is illegal or restricted.
As a MINING PARTNER you accept and warrant that you understand the use and intricacies of cryptographic tokens, such as BTC (Bitcoin) and other blockchain-based software systems. Further, you acknowledge and warrant that you have legal permission to generate and mine Cryptomeds, direct or indirectly through third parties such as My Universal Wallet, within your jurisdiction. You also agree and warrant that you waive your right to participate in a collective action or wide-ranging arbitration or judicial proceeding against My Universal Wallet or any affiliated entity, individuals, employees, consultants, third-party suppliers or other persons or entities or connected with My Universal Wallet. You also accept and warrant that you take sole responsibility for any restrictions and risks associated with the generation of minted coins, as explained in the risk section below. In addition, you accept and warrant that you are not exchanging encrypted coins for the purpose of speculative business, or for any unlawful purpose within your jurisdiction. You accept and warrant that you understand that there is no guarantee whatsoever about encrypted coins, express or implied extraction of ore, to the extent permitted by law, and that crypto-coins are drawn 'as is.'
Before signing up to become a MINING PARTNER of My Universal Wallet, carefully consider the exemplary and non-exhaustive list of risks below and, as necessary, consult a lawyer, accountant and/or tax professionals before agreeing to become a MINING PARTNER and purchase of any MINING PLAN from My Universal Wallet.
Risk of failure to generate coins belonging to blockchain and/or cryptocurrency
Mining software is based on a proven platform: there is a risk that, as an open source project, any Net contributor may experience weaknesses or bugs in the software, causing the loss of coins in one or more or even all accounts which My Universal Wallet holds.
Risk of unexpected attack vectors
The field of digital encryption and encryption is very new, and for this reason there is a risk of unforeseen attacks, both in terms of the underlying cryptographic protocol that supports the functioning of the currency generated, as well as the interest in accessing the portfolios in which the coins are stored. Both vectors pose a risk that can lead to the loss of the crypto-coins used in one or more or even all of the accounts that My Universal Wallet holds, although the My Universal Wallet always uses all its technological capability to prevent this from happening.
Blockchain technology, crypto-coin mining, and crypto-coins themselves enable new forms of interaction between individuals and/or businesses, some of which have yet to be imagined and implemented. Like the emergence of crypto-coins such as Bitcoin, it is very likely that specific regulations will be defined in different jurisdictions aiming at blockchain technology and mining. These regulations may or may not be favorable to partners and some may even prohibit any relationship between an individual or company and My Universal Wallet.
Disclaimer of Warranties
You expressly agree that you are mining encrypted coins at your own risk and that the mined encrypted coins are generated 'as is' without warranty of any kind, either expressed or implied, including but not limited to implied warranties of title, implied warranties or merchantability for a particular purpose (except to the extent prohibited by applicable law with any warranty period legally required for the shorter period of thirty days after first use or the minimum period required). Without limiting the foregoing, no third party or individuals associated with the generation warrant that the process for the purchase of encryption currency will be uninterrupted or error free.
Availability, Virus, Disclaimer
Due to the nature of the Internet and computer systems, My Universal Wallet can not be held responsible for the continued availability of the website. Although My Universal Wallet makes every effort to keep the websites accessible and free of viruses, My Universal Wallet can not guarantee that it is free of viruses. You must, for your own protection, take the necessary steps to ensure proper security measures and use an antivirus before downloading any information, software or documentation. The My Universal Wallet website may be unavailable from time to time for maintenance or other reasons. My Universal Wallet assumes no responsibility for any error, omission, interruption, exclusion, defect, delay in operation or transmission, failure of the communications line, theft, destruction, unauthorized access or alteration of communications or user content. My Universal Wallet is not responsible for any technical problems or other problems of any telephone network or service, computer systems, servers or suppliers of any of the aforementioned equipment, software or computer, due to technical problems or traffic congestion on the Internet or on the My Universal Wallet website, including injury or damage to the User or any other person's computer, cell phone or other hardware or software related to or resulting from the use or download of materials relating to the websites.
All information and services included or made available on the websites are provided 'as is' and 'as available' for your personal, non-commercial use. Neither My Universal Wallet, nor any of its employees, agents, content providers, service providers or licensors make any kind of guarantee regarding the site and/or content contained therein, the products or services available on the site or through the website, the results that can be obtained using the websites.
My Universal Wallet disclaims all warranties of any kind, expressed or implied, including, but not limited to, implied warranties of merchantability or non-infringement. My Universal Wallet expressly disclaims all warranties that the content of the website is accurate, reliable and correct; that the website will be available at any time or place, will be uninterrupted, timely, secure or error-free; that any defects or errors will be corrected; or that the content is free of viruses or other harmful components. Your use of the My Universal Wallet website is solely at your own risk. You download or obtain content, material or software data (including any mobile user) from or through the My Universal Wallet website or service at your sole discretion and risk and you will be solely responsible for its use and any damages to your cellular phone or computer loss of data or other damages of any kind that may result. As some jurisdictions do not allow the exclusion of certain warranties, these exclusions may not apply to you. To the extent that we can not waive implied warranties as a matter of applicable law, the scope and duration of such warranty shall be the minimum required under applicable law.
These terms and conditions shall be governed by the extensive laws of Hong Kong.
Statute of limitations
Notwithstanding any law or law to the contrary, any claim or cause of action arising out of or relating to these terms and conditions shall be filed within six (6) months after such claim or cause of action has arisen or is forever prohibited.
No delay or omission by either party in the exercise of any right under these terms and conditions shall operate as a waiver of this or any other right. A waiver or consent given by the other party at any time shall be effective only in that case and shall not be construed as a barrier or waiver of any right at any other time.
Titles in these terms and conditions are entered as a matter of convenience or for reference only and in no way define, limit, extend or describe the scope of the terms and conditions or the intent of any provision of the terms and conditions. It is the intent of the parties that neither the terms and conditions nor any covenant in the terms and conditions shall be construed against any of the parties in accordance with the rule of common law of construction against the drafter. It is the intention of the parties that this rule does not apply to the terms and conditions. The parties waive all rights to court judgment in any action or proceeding instituted in connection with terms and conditions. If any provision of the terms and conditions is held to be invalid or unenforceable by any court of competent jurisdiction or as a result of future legislative action, such provision shall be applied up to the maximum permissible limit so as to give effect to the intentions of the parties, and all other provisions of the terms and conditions shall remain in full force and effect. In the event of a dispute arising out of or relating to terms and conditions, the prevailing party shall be entitled to a reward of attorney’s fees and costs.
The terms and conditions document is personal to you and can not be assigned or sub-attributed. This includes but is not limited to selling, transferring, pledging or granting power of attorney for any rights or obligations under these terms and conditions.
In the event that any provision of these terms and conditions is invalid, unlawful or unenforceable, the validity, legality, and enforceability of the remaining provisions shall in no way be affected or impaired. Nothing in these terms and conditions provides the MINING PARTNER with the right, license, authorization or approval to make binding agreements with any person or entity on behalf of My Universal Wallet. In addition, the MINING PARTNER is not authorized to receive or collect money from anyone on behalf of My Universal Wallet. All payments must be made directly to My Universal Wallet to be valid payments.
Offers available to MINING PARTNERS
As a MINING PARTNER of My Universal Wallet, you have the possibility to purchase the MINING PLANS that My Universal Wallet offers. MINING PLANS may differ from time to time.
Becoming a MINING PARTNER
If you decide that you can become a MINING PARTNER of My Universal Wallet, this will give you the possibility to inform others about the MINING PLANS that My Universal Wallet offers from time to time to all persons and companies that become MINING PARTNERs partners of My Universal Wallet. The MINING PARTNER may also nominate and introduce new MINING PARTNERS to My Universal Wallet. If you appoint a new MINING PARTNER, you will not be entitled to any compensation, bonuses or any other kind of reward, as My Universal Wallet does not pay or reward you for recruiting, introducing or referring new MINING PARTNERS to My Universal Wallet. However, if any of the MINING PARTNERS you directed or indirectly referred to My Universal Wallet also buys any of the My Universal Wallet MINING PLANS, you will be entitled to be rewarded for this because of the bonus and rewards plan applicable. Please see the heading 'Bonus system and rewards for MINING PLANS sold'.
There is no fee to become a MINING PARTNER.
Purchase one or several MINING PLANS
As a MINING PARTNER, you have the possibility of acquiring the right to obtain mining crypto-coins.
You can see the cost of each MINING PLAN (the 'Plans') and you can also see how much hash power each Plan will give you in mining capacity. In addition, you can see how many points you will be rewarded under the bonus system and rewards for the purchase of MINING PLANS sold that are purchased by any MINING PARTNER that you have directed or indirectly introduced or referred to My Universal Wallet. Please note that it is not certain that the points can NOT be converted into real money if you do not fulfill what is required due to the bonus and rewards system, see below under 'Bonus system and rewards for MINING PLANS sold'.
Available MINING PLAN units
The MINING PLAN units cost from $100 to $20,000 and will give you the right to receive the cryptocurrency that is extracted with the capacity that you acquired according to the schedule below. You can choose both the plan that meets your financial budget and the risk that the cryptocurrency mining presents, which has been explained several times under these terms and conditions. If you can not afford to lose all the money for your chosen plan, My Universal Wallet recommends that you DO NOT buy any plans from My Universal Wallet.
The plans that are available from time to time can be found here https://myuniversalwallet.com
The Plan you choose will give you the right to a certain mining capability that will give you a certain hash rate, also known as the mining power of the minted cryptocurrency My Universal Wallet. The hash rate from which you will benefit is equal to 50% of the hash power you have purchased in your plan. You will continue to receive the mined cryptocurrencies daily on a pro-rata basis that correlates with the hash rate capability you purchased pertaining to the plan you chose. My Universal Wallet may switch to another profitable cryptocurrency and it will convert its hash rate that correlates to the same hash rate that you have acquired if My Universal Wallet has the ability to do so. You will then receive the other cryptocurrency mined in a specific portfolio of the respective cryptocurrency. The exchange will be made at no cost to you.
The payment of the mining result is normally done daily and you are entitled to receive the mining result during those days, but if for any reasons it is not possible to pay you, the result will be accumulated and paid as soon as possible.
The plans described above may sometimes be out of stock, in which case you will see that you will not be able to purchase new MINING PLANS.
The MINING PLAN contract will be temporarily frozen when: the received cryptocurrency reaches the 200% ratio in relation to the value of the MINING PLAN purchased, then the contract will no longer receive any cryptocurrency gain or points generated by the move of the direct and indirect indication references and other bonus gains and existing premiums, until the contract is renewed through the purchase of a MINING PLAN equal to or greater than the previous one; or permanently when the contract reaches 2000 days from its beginning, or (still permanently) in the eventual obsolescence of the systems that mine cryptocurrency.
At any time, a MINING PARTNER can make an UPGRADE of the Plan to achieve more depth levels of earnings from its Mining Network. The upgrade refers solely to increasing the depth levels of the MINER NETWORK's earnings, and does not accumulate the crypto-coin gains from the previous plan nor does it return the previous amount. This option is only intended for key positions of leaders working with the MINING NETWORK and who wish to increase their residual earnings in a privileged position and in full activity.
My Universal Wallet can at any time mine a new crypto currency and stop mining an existing one at its discretion and without prior notice.
Bonus system and rewards for MINING PLANS sold.
Commissions, bonuses and awards offered by My Universal Wallet to MINING PARTNERS are directly related to the Plan sold and the respective conditioning rules widely disclosed in the exposed material in the BackOffice of MINING PARTNER and support materials available therein.
In order for the MINING PARTNER of My Universal Wallet to receive any bonuses, except for Direct Bonus, it is necessary that the plan be equivalent to or greater than the Standard Plan and qualified with at least two indicated directly plans to the Mining Network, one in each side, whose plan also must be equivalent to or greater than the Standard Plan.
Beginner Plan does not pay or receive any commission, bonuses or awards, except Daily Mining equivalent to the plan's hash.
All commissions from contracts between My Universal Wallet and partner companies in areas such as cryptocurrency mining, cinematic special effects rendering, cryptocurrency and others, will be passed along to Mining Partners as long as profit from those activities are effective. Therefore, these commissions are transitional and temporary. My Universal Wallet does not pay commission for nonexistent profit