AGCL | Australian Gold Cryptocurrency Limited

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TERMS OF SERVICE

Updated: April 22, 2019

ACCEPTANCE

Please read these Terms and Service ("Terms", "Terms and Service") carefully before using the AGCL website (the "Service") operated by DIGITAL AGCL LTD ("us", "we", or "our", "Digital AGCL"). These Terms explain our obligations to you, and your obligations to us. By accessing and using the Service you (the customer "You", "your" and "Customer") will automatically be taken to have read, understood and accepted these Terms and Privacy Policy. If you do not agree to be bound by the Terms please cease to access and use this Service and any of the content found within it.
ELIGIBILITY

By visiting or using Service you represent and warrant to Digital AGCL and agree that: 1. You are of legal age (18 years old or older) and legal competence. 2. Hold a valid personal ID. 3. if Customer is a company, (i) Customer is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; (ii) execution and delivery of this Terms have been duly authorized by Customer; and (iii) each person executing and delivering these Terms and other transactions contemplated on behalf of Customer has been duly authorized by Customer to do so. 4. it is legal to use Service in your country of residence. You represent and warrant that by using the Service you do not violate any laws or regulations applicable to you.
OWNERSHIP

By purchasing Token you are purchasing a specific amount of physical gold which will remain deposited in Digital Gold vault. Hence you are the owner of that gold. By selling Token to Us you are selling a specific amount of physical gold making us the owner of the gold sold.
FEES

No transaction fees apply to Token. Yearly storage fee is automatically charged from token holder wallet on daily basis. See fee schedule for more information.
RISK DISCLOSURE

Cryptocurrencies, tokens and digital assets are extremely volatile and carry high degree of risk. Price movements for cryptocurrencies, tokens and digital assets, are influenced by, among other things: changing supply-demand relationships, sentiment and news releases that often cause large price fluctuations. By using the Services you represent and warrant that: 1. You have knowledge and experience in cryptocurrencies, tokens and digital assets. 2. You fully understand the risks associated with cryptocurrencies, tokens and digital assets. Further, you accept that you bear sole liability for all losses resulting from your use of cryptocurrencies, tokens (including the Digital Gold token) and digital assets.
INTELLECTUAL PROPERTY

Unless otherwise indicated, AGCL website is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the AGCL website (collectively, the "Content") and the trademarks, logos contained therein (the "Marks") are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights. The Content and the Marks are provided on the Site "AS IS" for your information and personal use only. Except as expressly provided in these Terms of Service, no part of the Site and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission. Provided that you are eligible to use the AGCL website, you are granted a limited license to access and use the AGCL website and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the AGCL website, the Content and the Marks.
USE RESTRICTIONS

Your permission to use the Site is conditioned upon the following use, posting and conduct restrictions: You agree that you will not under any circumstances: use the Service is applicable laws at the country of your location do not permit You to use the Service; use the Service for any unlawful purpose or for the promotion of illegal activities; use the Servcie in a way that is detrimental to us, our customers or employees; disparage, tarnish, or otherwise harm, in our opinion, us and/or the Service; use the Service to hide proceeds of illeagal activites, or otherwise lauder illegally obtained curyptocurrency, tokens or digital assets; distribute any part or parts of the Service without our explicit written permission (we grant the operators of public search engines permission to use spiders to copy materials from the site for the sole purpose of creating publicly-available searchable indices but retain the right to revoke this permission at any time on a general or specific basis); harass, abuse or harm another person or group; interfere or attempt to interfere with the proper functioning of the Service; make any automated use of the Service or the related systems, or take any action that we deem to impose or to potentially impose an unreasonable or disproportionately large load on our servers or network infrastructure; bypass any robot exclusion headers or other measures we take to restrict access to the Service, or use any software, technology, or device to scrape, spider, or crawl the Service or harvest or manipulate data; use the Service as part of any effort to compete with us; circumvent, disable or otherwise interfere with any security-related features of the Service or features that prevent or restrict use or copying of content, or enforce limitations on use of the Service or the content accessible via the Service.
CHANGES AND MODIFICATIONS

We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Service at any time and for any reason. We will alert you about any changes by updating the "Last updated" date of these Terms of Service, and you waive any right to receive specific notice of each such change. It is your responsibility to periodically review these Terms of Service to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Service by your continued use of the AGCL website after the date such revised Terms of Service are posted.

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