T & C

Terms and Conditions

Terms & Conditions

The below written are our terms and conditions which is to be followed if you are using this website, joining in a campaign we are holding or are in our community.

1. ACCEPTANCE

LOVE Token ("LoveToken.info") reserve the right to update and change, from time to time, these Terms and Conditions, the Privacy Policy, the KYC and AML and all other documents incorporated herein by reference without any notice to or re-acceptance from the User. By using our site or participating in our Airdrop or Raffle or any other campaigns with LOVE Token, you ("User") are hereby agreeing to be bound by these terms and conditions ("Terms and Conditions").

2. DISCLAIMER

2.1 LOVE Token only provides a platform for LOVE. The User hereby expressly agrees and warrants that:

  • The User is aware that LOVE Tokens are a volatile whose price is subject to sharp changes which may cause large profits or losses to the user.
  • LoveToken has in no way induced or lured the User into joining the campaign or raffle.
  • The money used to buy the LOVE Token has been received by the User through legal means and channels and is not in any way connected with any illegal or fraudulent activity.
  • The User is the legitimate owner and is allowed to use all LOVE Tokens acquired on his/her wallet and that the transactions being carried out by the User do not infringe the rights of any third party or any applicable laws.
  • All information provided by the User to LoveToken including all identity and personal information as well as documents are true and accurate in all respects.
  • The User is above 18 years of age and has the legal and mental capacity to enter into legally binding contracts with third parties and
  • The User is aware that LoveToken may change these Terms and Conditions at any time and the User hereby gives consent in advance to such change.

2.2 LoveToken and its owners/affiliates are not liable for any damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. LoveToken is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails if/when a system is created. Users shall bear all responsibility of keeping the password secure in that case. LoveToken is not responsible for the loss or misuse of the password.

2.3 LoveToken is not responsible for the content of any of the linked sites. By providing access to other web-sites, LoveToken is neither recommending nor endorsing the content available in the linked websites.


2.4 LoveToken and the User are aware that although there is no legal bar or impediment to trading in LOVE Tokens in India at the moment, the Reserve Bank of India (RBI) has issued a press release no. 2013-2014/1261 dated 24th December 2013 whereby it has stated that "The creation, trading or usage of VCs including Bitcoins, as a medium for payment are not authorised by any central bank or monetary authority. No regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities. As such, they may pose several risks to their users". The press release further states that the RBI is still "examining the issues associated with the usage, holding and trading of VCs under the extant legal and regulatory framework of the country". The full text of the said press release can be found at http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247. The User is hereby made aware of the nebulous legal situation regarding LOVE Tokens and LoveToken shall not be liable for any proceedings against the User in any Court of law or before any governmental, administrative, regulatory, judicial or quasi judicial authority.


2.5 Although the press release by the RBI mentions the risks associated with all virtual currencies including LOVE Tokens, it does not specifically bar them. Keeping in mind some of the risks mentioned in the press release by the RBI LoveToken has drafted a Privacy Policy as well as a KYC and AML which are available on the LoveToken website and the User specifically agrees to the terms contained in both the above mentioned policies.


3. RISKS

3.1 The User acknowledges that he is fully aware of the risks involved in online trading activities, including the risk involved due to unauthorized access or any technical difficulties. It is the User's responsibility to ensure account correctness and accuracy and to contact LoveToken immediately in respect of any discrepancies.

3.2 Users are advised to use the content and data on the website for the purpose of information only and rely on their own judgment while making investment decisions. In case LoveToken gives any information on the website, such information shall not be considered as advice of any kind and the User shall use its own judgment to make all decisions.


3.3 LoveToken does not make any personal recommendations. The information on our website is provided solely to enable Users to make their own investment decisions and does not constitute a recommendation to buy, sell or otherwise deal in LOVE Tokens.

3.4 The price and value of investments in LOVE Tokens and the income derived from them can go up or down and you may not get back the capital contributed. Changes in the rate of exchange may have an adverse effect on the value, price and value of your contribution. Past performance is not necessarily an indicator of future performance. The services and investments in LOVE Tokens may have tax consequences and it is important to bear in mind that LoveToken does not provide any tax advice regarding LOVE Tokens and the increase or decrease in their value. The level of taxation depends on individual circumstances and such levels and bases of taxation can change. You should consult your own Tax Advisor in order to understand any applicable tax consequences.


3.5 LOVE Token trading has specific risks, which are not shared with other official currencies, goods or commodities in a market. Unlike most currencies, which are supported by government reserves or other legal entities, as well as commodities such as silver and gold, LOVE Token is a "flat" currency, which is only backed by mathematics, technology and trust. The currency is absolutely decentralized, which means there is no authority that can take corrective measure to protect the LOVE Token value in a crisis or issue more currency. When using LOVE Tokens - traders put their trust in the digital, decentralized and mostly anonymous system, which relies on P2P networking and cryptography to maintain its integrity. Trading in LOVE Tokens is susceptible to irrational or rational bubbles or absolute loss of confidence, which could collapse demand/supply. Any actions, even remotely connected to LOVE Tokens can crash confidence in this currency, such as unexpected changes imposed by the currency developers, a government crackdown, the creation of a superior competing LOVE Token alternative, or even a deflation or inflation spiral. Confidence might also collapse because of various technical problems: if the anonymity of the system can be compromised, funds lost or stolen, or in the event that hackers or governments become able to prevent LOVE Token transactions from settling. LoveToken shall not be liable for any loss caused to the User due to any of the risks related to trading in LOVE Tokens, whether currently known or unknown.


3.6 LOVE Tokens purchased using a bank account or credit card or any other deposit method may be reversed at a later time, for example, if such a payment is subject to a chargeback, reversal, claim or is otherwise invalidated. A LOVE Token transaction may be unconfirmed for a period of time (usually less than 5 minutes, but up to one hour or so) and never complete if it is in a pending state.


3.7 The content of the website cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed for any non-personal use without obtaining prior permission from LoveToken. We reserve the right to terminate the accounts of Users who violate the proprietary rights, in addition to necessary legal action.

3.8 Users agree that the information gathered from the Users' profiles may be used to enhance their experience on the website. LoveToken will not rent or sell the profile to any third party other than in accordance with the Privacy Policy. In case of a contest or a promotion scheme, LoveToken reserves the right to share the User profiles with the sponsors. In the event of necessary credit checks and collection of payments, LoveToken can disclose such information to other authorities in good faith.

3.9 Price and availability of products and services offered on the site are subject to change without prior notice. LoveToken may provide information about the availability of products or services to a certain extent but the Users should not rely on such information. LoveToken will not be liable for any lack of availability of products and services the User may order through the site.

4. REGISTRATION

4.1 General: The User hereby agrees and warrants that all information and particulars provided by the User has been provided voluntarily without any inducement or pressure and is true to the best of his/her knowledge and belief. In case of any particulars provided by the User being incorrect or fraudulent, LoveToken shall be at liberty to freeze the User's wallet. LoveToken further reserves the right, at its sole discretion, to deny the User access to the Token or any portion thereof without notice for the following reasons: (a) any unauthorized or illegal access or use by the User; (b) any assignment or transfer (or attempt to do the same) of any rights granted to the User under these Terms and Conditions; (c) any violation of these Terms and Conditions.

5. GENERAL INDEMNITY AND WAIVER

5.1 The User specifically agrees that LoveToken shall not be liable for any loss, actual or perceived, caused directly or indirectly by government restriction, exchange or market regulation, suspension of trading, war, strike, equipment failure, communication line failure, system failure, security failure on the Internet, unauthorised access, theft, or any problem, technological or otherwise, or other condition beyond the control of LoveToken. The User further agrees that it will not be compensated by LoveToken for "lost opportunity" viz., notional profits on buy/sell orders which could not be executed.

6. ELIGIBILITY

The registrations are open only to persons who are 18 years of age or older at the time of participating, are legally allowed to participate in these kind of activities and are of sound mind and able to make legally enforceable decisions.

7. NO INDUCEMENT OF THE USER

The User hereby expressly acknowledges and agrees that the User has initiated the act of registering on LoveToken entirely of his/her own free will and LoveToken has not caused, induced, urged, prompted, instigated, drawn, compelled, persuaded or engendered the User to open an Account and trade in LOVE Tokens in any manner or form.

8. DOWNTIME

8.1 The User acknowledges and agrees that LoveToken may from time to time need to make structural changes to the website or contract that could result in system downtime, i.e. the website and the token being unavailable for access. Any such changes will (where possible or necessary) be broadcast in advance to all Users, and carried out at times which LoveToken considers will cause the least disruption.

9. GRIEVANCE REDRESSAL

In case of any grievance or complaints with the website or its performance please contact LoveToken at [email protected] Once a complaint has been received, all endeavors will be made to address the complaint as soon as possible.

10. GENERAL CONDITIONS

10.1 LoveToken may prohibit any User, if LoveToken is of the opinion that the User is showing a disregard for these Terms and Conditions, or acts (1) in an unfair or fraudulent manner; (2) with an intent to annoy, abuse, threaten, or harass any other User or LoveToken; or (3) in any other disruptive manner.

10.2 The use of software, machines, computers, scripts or any automated system is strictly prohibited. If any User tries to influence the rate of exchange of LOVE Tokens or gain an unfair advantage in any manner whatsoever, such User shall be liable to be prohibited from conducting any further transactions on the Token and may be reported to the appropriate authorities. Any decision in this regard shall be taken at the sole discretion of LoveToken and shall be final.

10.3 Any attempt by a User or any other individual to deliberately damage the website or undermine the legitimate operation of LoveToken is a violation of criminal and civil laws and should such an attempt be made, LoveToken reserves the right to seek damages from any such User to the fullest extent permitted by law.

10.4 Completion of a transaction may be stopped by LoveToken at any time if LoveToken, in good faith, believes that such transaction may be fraudulent or may adversely impact the LOVE Token economy, or may adversely impact the exchange rate of LOVE Tokens, etc.

10.5 The User is responsible for maintaining the confidentiality of information on his/her Account, including, but not limited to the password, email, wallet address, wallet balance, and of all activity including transactions made through the Account. If there is suspicious activity related to the User's Account, LoveToken may request additional information from the User, including authenticating documents, and freeze the Account for the review time. The User is obligated to comply with these security requests, or accept termination of the Account.

10.6 The User shall be solely responsible for ensuring that any transfer of LOVE Tokens to a transferee shall be a valid and legal transaction not infringing any laws including money-laundering laws and regulations of India or any other applicable jurisdiction.

11. NO LIABILITY

11.1 All information is provided on an "as is" basis, with no warranties whatsoever. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although LoveToken attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform LoveToken so that it can be corrected.

11.2 The User agrees that LoveToken shall not be liable for:

  • the deletion, failure to store, misdelivery, or untimely delivery of any information or material.
  • any harm resulting from downloading or accessing any information or material through LoveToken.
  • financial loss due to wallet data being "Bruteforced".
  • financial loss due to server failure or data loss.
  • financial loss due to forgotten passwords.
  • financial loss due to corrupted wallet files.
  • financial loss due to incorrectly constructed transactions or mistyped LOVE Token addresses.
  • financial loss due to "phishing" or other websites masquerading as LoveToken.

11.3 LoveToken cannot and does not guarantee or warrant that the files available for downloading through the website itself will be free from infection by software viruses or other harmful computer code, files or programs. LoveToken shall not be responsible for any software viruses or other harmful computer code, files or programs that the user may encounter due to your visiting this trade engine.

11.4 LoveToken has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked sites. The inclusion of any link does not imply LoveToken's endorsement of the site. Use of any such linked website(s) is at your own risk.

12. GENERAL PROHIBITIONS

(a). The Users agree not to do any of the following:

  • access the website via anonymous networks for view and information purpose
  • use anonymous service, networks such as TOR to do business with LoveToken.
  • open multiple Accounts with LoveToken.
  • defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others.
  • publish, post, distribute or disseminate any defamatory, infringing, obscene, indecent or unlawful material or information.
  • upload files that contain software or other material protected by intellectual property laws (or by rights of privacy of publicity) unless you own or control the rights thereto or have received all necessary consents.
  • upload files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another's computer.
  • take any action that imposes an unreasonable or disproportionately large load on LoveToken's infrastructure; or detrimentally interfere with, intercept, or expropriate any system, data, or information.
  • use any Account other than his/her own, or access the Account of any other User at any time, or assist others in obtaining unauthorized access.
  • conduct or forward surveys, contests, or chain letters, or
  • download any file posted by another user of a forum that you know, or reasonably should know, cannot be legally distributed in such manner.

(b). The usage of the LoveToken platform by the Users shall not relate to sales of:

  • narcotics, research chemicals or any controlled substances.
  • Adult goods and services which includes pornography and other sexually suggestive materials (including literature, imagery and other media), escort or prostitution services.
  • Alcohol which includes Alcohol or alcoholic beverages such as beer, liquor, wine, or champagne.
  • Body parts which includes organs or other body parts.
  • Bulk marketing tools which includes email lists, software, or other products enabling unsolicited email messages (spam).
  • Cable descramblers and black boxes which includes devices intended to obtain cable and satellite signals for free.
  • Child pornography which includes pornographic materials involving minors.
  • Copyright unlocking devices which includes Mod chips or other devices designed to circumvent copyright protection.
  • Copyrighted media which includes unauthorized copies of books, music, movies, and other licensed or protected materials.
  • Copyrighted software which includes unauthorized copies of software, video games and other licensed or protected materials, including OEM or bundled software.
  • Counterfeit and unauthorized goods which includes replicas or imitations of designer goods; items without a celebrity endorsement that would normally require such an association; fake autographs, counterfeit stamps, and other potentially unauthorized goods.
  • Drugs and drug paraphernalia which includes illegal drugs and drug accessories, including herbal drugs like salvia and magic mushrooms.
  • Drug test circumvention aids which includes drug cleansing shakes, urine test additives, and related items.
  • Endangered species which includes plants, animals or other organisms (including product derivatives) in danger of extinction.
  • Gaming/gambling which includes lottery tickets, sports bets, memberships/ enrollment in online gambling sites, and related content.
  • Government IDs or documents which includes fake IDs, passports, diplomas, and noble titles.
  • Hacking and cracking materials which includes manuals, how-to guides, information, or equipment enabling illegal access to software, servers, websites, or other protected property.
  • Illegal goods which includes materials, products, or information promoting illegal goods or enabling illegal acts.
  • Miracle cures which includes unsubstantiated cures, remedies or other items marketed as quick health fixes.
  • Offensive goods which includes literature, products or other materials that: a) Defame or slander any person or groups of people based on race, ethnicity, national origin, religion, sex, or other factors b) Encourage or incite violent acts c) Promote intolerance or hatred.
  • Offensive goods, crime which includes crime scene photos or items, such as personal belongings, associated with criminals.
  • Prescription drugs or herbal drugs or any kind of online pharmacies which includes drugs or other products requiring a prescription by a licensed medical practitioner.
  • Pyrotechnic devices and hazardous materials which includes fireworks and related goods; toxic, flammable, and radioactive materials and substances.
  • Regulated goods which includes air bags; batteries containing mercury. Freon or similar substances/refrigerants, chemical/industrial solvents, government uniforms; car titles, license plates, police badges and law enforcement equipment, lock-picking devices, pesticides, postage meters, recalled items, slot machines, surveillance equipment, goods regulated by government or other agency specifications.
  • Securities which includes stocks, bonds, or related financial products.
  • Tobacco and cigarettes which includes cigarettes, cigars, chewing tobacco, and related products.
  • Traffic devices which includes radar detectors/jammers, license plate covers, traffic signal changers, and related products.
  • Weapons which includes firearms, ammunition, knives, brass knuckles, gun parts, and other armaments.
  • Wholesale currency which includes discounted currencies or currency exchanges.
  • Live animals.
  • Multi-Level Marketing collection fees.
  • Matrix sites or sites using a matrix scheme approach.
  • Work-at-home information.
  • Any product or service which is not in compliance with all applicable laws and regulations whether federal, state, local or international including the laws of India, or
  • any services which compete with LoveToken.

(c). The user’s usage of the LoveToken platform shall not relate to transactions that:

  • show the personal information of third parties in violation of applicable law.
  • support pyramid, Ponzi, or other “get rich quick” schemes.
  • are associated with purchases of annuities or lottery contracts, lay-away systems, banking, off-shore banking, foreign exchange, transactions to finance, investing, investment related products, or refinancing debts funded by a credit card.
  • provide credit repair or debt settlement services, or
  • are prohibited by applicable law.

13. NO WAIVER

No omission or delay on the part of LoveToken in enforcing any of its rights or powers hereunder shall be deemed to constitute a waiver of any of LoveToken's rights to exercise such rights and powers and, in any event, shall not constitute or be construed as a continuing waiver.

14. CONTROLLING LAW AND JURISDICTION

These Terms and Conditions and any action related hereto will be governed by the laws of India without regard to its conflict of law’s provisions. The exclusive jurisdiction and venue of any action with respect to the subject matter of these Terms and Conditions will be the courts in New Delhi, India and you hereby waive any objection to jurisdiction and venue in such courts.

By participating on any campaign or program conducted by LoveToken you hereby give your informed consent to the terms and conditions contained herein.