This Terms of Service Agreement (hereinafter — "Agreement") defines the terms of use of software for automatic cryptocurrency trading (hereinafter — "Bot"), provided by The SIM, registered in accordance with the legislation of the UAE, Free Zone IFZA, with legal address: Dubai Silicon Oasis, Dubai, UAE (hereinafter — "Company").
1. Terms and Definitions
- • Client — an individual or legal entity that has entered into an Agreement with the Company.
- • Bot — software designed for automatic cryptocurrency trading through the Binance API.
- • API Key — an access key to the client's account on Binance, provided by the Client for the Bot's operation.
- • Profit — the positive difference between the initial cryptocurrency balance and the final balance over a certain period, recorded using Binance data.
- • Commission — the Company's remuneration in the amount of 30% of the profit received by the Client.
2. Subject of Agreement
2.1. The Company provides the Client with access to the Bot, which automatically performs trading operations on the Binance exchange on behalf of the Client, using the API key without the right to withdraw funds.
2.2. The Client undertakes to independently create an API key in the Binance account and provide it to the Company.
2.3. All trading operations are carried out exclusively on the Client's account. The Company does not have access to the Client's funds.
3. Payment and Commissions
3.1. The Client undertakes to pay the Company 30% of the profit received as a result of using the Bot.
3.2. Payment is made in cryptocurrency (USDT, BUSD, BTC or other agreed by the parties) to the Company's crypto wallet address specified in the personal account or on the website.
3.3. The Client undertakes to make payment no later than 7 calendar days after the end of the billing period (for example, once a month).
3.4. In case of non-payment, the Company reserves the right to suspend access to the Bot.
4. Liability of Parties
4.1. The Company provides the Bot "as is" and does not guarantee profit or absence of losses.
4.2. The Client independently bears all risks associated with cryptocurrency trading, including market, technical and regulatory risks.
4.3. The Company is not responsible for losses incurred by the Client as a result of the Bot's actions, API failures, or changes on the Binance exchange side.
5. Confidentiality and Security
5.1. The Company undertakes not to transfer API key data and other personal information of the Client to third parties.
5.2. The Client undertakes to ensure the security of their Binance account and not to disclose their access to third parties.
6. Termination of Use
6.1. The Client may terminate the use of the Bot at any time by deleting or disabling the API key.
6.2. The Company may terminate access to the Bot in case of violation of the terms of this Agreement.
7. Jurisdiction and Dispute Resolution
7.1. This Agreement is governed by the legislation of the UAE, Free Zone IFZA.
7.2. All disputes are subject to consideration in accordance with the current legislation and jurisdiction of IFZA Free Zone.
8. Other Terms
8.1. The Company reserves the right to make changes to this Agreement. The updated version is published on the Company's website.
8.2. Continued use of the Bot is considered the Client's consent to the new version of the Agreement.
Accept Terms
By clicking "Accept", the Client confirms that they have read and agree to the terms of this Agreement.