Blockchain Services, LLC.
3411 Silverside Road, Tatnall Building, Suite 104,
Wilmington, DE, 19810,
New Castle Country, USA
Company Number: #6692235
Non-U.S. Investors Only
SECTION A: General Aspects
These Terms and Conditions (T&C) govern the relationships between You (the User) and Blockchain Services LLC d / b / a Quantia Capital (the Company) (jointly the Parties).
The Company aims to offer the User the possibility of identifying opportunities and investing Bitcoin and / or other selected cryptocurrencies (Cryptocurrencies) in order to obtain a fixed return within a certain period.
Blockchain Services LLC is an entity legally constituted in the United States of America, in the state of Delaware with address at 3411 Silverside Road, Tatnall Building, Suite 104, Wilmington, DE, 19810, New Castle Country.
The relationship between the User and the Company is governed by the T&C and subsidiarily by the laws of the State of Delaware of the United States of America. Any controversy or divergence, claim or doubt that arises between the Parties in relation to the T&C, its existence, validity, qualification, interpretation, scope, compliance, termination or resolution, or that in any way relates to it, directly or indirectly, it will be communicated reliably to the other party and finally resolved by agreement between them. In case of not reaching an agreement within the period of ninety (90) business days the dispute will be submitted to mediation before a mediator will be selected by the required party from a group of 4 proposed by the requesting party. The parties stipulate that if they do not reach an agreement, they will submit to the exclusive jurisdiction of the Spanish Arbitration Service of the International Center for Dispute Resolution of the American Arbitration Association (AAA) in accordance with current regulations and procedures, those that the parties declare to know and accept and form an integral part of the T&C, expressly waiving any other jurisdiction or jurisdiction that may correspond to them, and / or the filing of exceptions of incompetence. Remote procedures will be valid.
The User gives unequivocal consent to the T&C by declaring their acceptance through the Company's Digital Platform and / or by signing at the bottom of the present and undertakes to keep their contact information and information updated through the Platform Digital and / or through display of original documentation and / or delivery of copies, as well as any other information at the request of the Company.
No provision of this document shall constitute an investment or loan advice or consultation and in no way shall it be understood that the Company acts as an investment advisor or a loan intermediary.
In no case, the Company, nor any of its officers, directors and employees, will be liable to the User for any matter that arises or is related in any way with its use of the Digital Platform, whether that responsibility is contractual, extra-contractual or otherwise, and the Company, including its officers, directors and employees, shall not be liable for any indirect, consequential or special liability arising or related in any way to its use of the Digital Platform.
The User will indemnify the Company to the greatest extent possible for and against each and every one of the responsibilities, costs, demands, causes of action, damages and expenses (including legal fees) that arise in or in any way related to its breach of any of the provisions of the T&C.
SECTION B: Subscription of a Contract
To use the services of the Digital Platform, including the possibility of entering into Loan Contracts, the User must have accepted these T&C and deliver their contributions only in Cryptocurrencies.
The receipt of Cryptocurrencies transferred by the User to the Company is only and exclusively accredited only at the time the Company delivers the corresponding receipt to the User with an indication of the amount, shipping and receiving addresses, GMT date and time of the transfer .
Upon acknowledging receipt of the Cryptocurrencies transferred by the User, the Company will credit them in the User's individual account on the Digital Platform and will be available to conclude Loan Contracts.
When, for whatever reason, the User's account belongs to several people, they must designate a single representative.
All payments, payment orders, instructions, requests, contracts, as well as other documents confirmed or sent by the User on the Platform will be binding on the User and the Company.
The Platform allows the following cryptocurrencies to be used for Loan Contracts through the Digital Platform: Bitcoin (BTC), Dollar Tether (USDT).
The User, at its discretion, will choose one or more Loan Contracts offered on the Digital Platform and should carefully review the Loan Agreement offered, which includes: Loan cryptocurrency, Loan Amount / Number of Contracts, Loan interest rate, Loan term, Loan repayment date, Nominal value of each contract: USDT 1 or equivalent in Bitcoin units (BTC)
All Loan Contracts are collateralised in Cryptocurrencies with margins between 110% and 150%.
SECTION C: Deposits
All contributions must consist of eligible cryptocurrencies and must be transferred to the deposit address provided in your Quantia account or the address that is notified to you.
We have the right to refuse any deposit and the right to return an already made deposit.
The transfer of said eligible cryptocurrency to your Interest Account will not be considered liquidated and completed until the transaction has been recorded in one block and five (5) subsequent consecutive blocks that refer to the same block (i.e., six (6) blocks) in total) have been added to the applicable blockchain.
Any deposit received on any business day at 11:59 p.m. or before UTC-0 will be treated by us as received that business day.
SECTION D: Interest calculation
By signing a p2p Loan Agreement, the User will begin to receive the interest at their agreed rate in their individual account, from the following day, taking UTC-0 as a reference.
Interest is credited to the User's account on a daily basis at the close of each day on an annual basis of 365 days in all cases.
All interest will be paid in cryptocurrencies. Accrued interest will be calculated and paid to the hundredth millionth of a Bitcoin (0.00000001). Stablecoin interest will be calculated to one hundredth of a unit (0.01). Any digit beyond that will be truncated; Balances and interest payments on account statements will be truncated to four digits (0.0001).
SECTION E: Errors
If, for whatever reason, the User's Cryptocurrency account was credited or debited in error, the Company has full powers to make the subsequent debits or accreditations in the User's account to adequately remedy the situation.
SECTION F: Withdrawals
Withdrawals are processed weekly on Fridays between 12:00 and 23: 59h UTC-0.
The User will request the withdrawal until that day inclusive, until 11:59 am (UTC-0).
The User declares to understand that in case of processing the request after the established time, the withdrawal may take up to 7 days.
In the case of a withdrawal, the user will be asked to provide the details of the account to which they wish to transfer their cryptocurrency. In the event that the details you provide are inaccurate, incomplete or misleading, your cryptocurrency may be permanently lost. When you withdraw all or any of your cryptocurrencies, we will not be liable for any loss resulting from inaccurate, incomplete or misleading details that you may provide for such transfer. If the account you specify is one to which we cannot process transfers, we will have no responsibility for any failure or delay in the processing of your requested withdrawal.
Any blockchain transaction fee charged by third parties in connection with your withdrawal will be deducted from the amount of the cryptocurrency you withdraw from your Account. For example, if you withdraw 1 Bitcoin from your account and the Bitcoin network charges a transaction fee equal to .01 Bitcoin, you will receive .99 Bitcoins.
SECTION G: Taxes
It is your responsibility to determine what taxes, if applicable, apply to the payments you make or receive, and to collect, report and remit the correct tax to the corresponding tax authority. We will make all withholdings or tax filings that the law requires of us, but we are not responsible for determining whether the taxes apply to your transaction, or for collecting, reporting or remitting the taxes derived from any transaction.
You are responsible for complying with applicable law. You agree that Quantia is not responsible for determining whether the laws may apply to your transactions or not, including tax laws. You are solely responsible for reporting and paying taxes arising from your operations on the platform.
SECTION H: Obligations of the Company
The Company is fully empowered to perform all acts that, according to its loyal knowledge and understanding, are deemed conducive to the fulfillment of its obligations under these T&C, and include, but are not limited to:
- Provide User support for access to your individual account information;
- The reception of Cryptocurrencies and their accreditation in the individual account of the User;
- The delivery of receipts and records to the User;
- The request for information and / or documentation to the User;
- The return of Cryptocurrencies at the request of the User or at the time the Company considers so;
- Maintain the registration of the User's individual account;
- Ensure the reservation of information;
- Maintain access to User information through the Digital Platform;
- To meet the requirements of the authorities;
- Subtract the taxes provided by the regulations either as responsible for own or other people's debt;
- Charging the User of the corresponding charges.
The Company will act transparently and will ensure the User access to their individual account information through the Digital Platform.
SECTION I: Charges
The Company will receive for its management the remuneration reported in the Annex 'Charges' which may be modified after notifying the User through the Digital Platform five (5) days prior to its entry into force.
SECTION J: Risks
The User declares to know, understand and accept the legal, tax and accounting characteristics and consequences, as well as the risks involved in the operations on the Digital Platform that may involve losses of the value of its assets and that the Company does not guarantee any results to the User , and especially the following:
Market risk: due to variations and high volatility in the price of Cryptocurrencies that may involve losses of the value of the assets.
Counterparty risk: for the relationship that exists with Policyholders, Third Parties and the Company and their willingness to fulfill their obligations.
Liquidity risk: due to the impossibility of having the necessary liquidity for the opening or closing of operations at a certain moment.
Regulatory risk: due to uncertainty about changes in current regulations.
Political risk: due to the political situation of a country in terms of public order, legal stability and security.
Operational risk: due to the possibility of incurring losses due to deficiencies, failures or inadequacies in human and / or technological resources.
Risk of money laundering and terrorist financing: due to the possibility of loss or damage that may be suffered or in which an entity directly or indirectly involved with events likely to be classified as Money Laundering and / or Terrorism Financing.
SECTION K: Changes to the Terms and Conditions
The Company may terminate the relationship with the User without cause and at any time, if the User's account maintains a positive Cryptocurrency balance, it will be refunded, including interest credited to its individual account until the closing date, and after deducting any Charge , expense and / or lien that corresponds.
The Company reserves the right to modify the provisions contained in these T&C upon notification to the User through the Digital Platform of the Fund five (5) days prior to its entry into force.
SECTION L: Legal Process
If legal action is taken as an embargo, or other state legal process against your account, we may refuse to allow (or limit) withdrawals or transfers from your account until the legal process is satisfied or finalized. Regardless of the terms of that embargo, or other state process, we must first claim each and every one of the funds in your account. We will not dispute on your behalf any legal process of this type and we may take steps to comply with the legal process that we determine is appropriate in the circumstances without liability to you. If we incur any expenses, including, among others, reasonable attorney fees, in relation to such legal process, we may charge any expenses and fees to your account or any other account you may have with us without notice, or we may bill you directly for Such expenses and fees. Any seizure or other lien against your account is subject to our right to compensation and security interests.
SECTION M: Account closure
We have the right to close your Quantia Account at any time and for any reason without notice. If your account has a balance when we close it, we will refund the remaining assets, including accrued interest earned until the closing date, less any applicable penalty, unless prohibited by applicable law.
The scale of charges applicable to the User is detailed in the following table:
Charges for signing a Contract: 0%.
Charges for termination of a Contract: 0%
This table may be modified prior notification to the User through the Digital Platform of the Fund five (5) days prior to its entry into force.