📓Terms of Use
Terms of Use: December 2024
By accessing and using the Fatbot application, you confirm that you have read, understood, and accept these Terms, which are tailored specifically to Fatbot by Krel Central a.s., a company headquartered in Prague, Czech Republic (Václavské náměstí 832/19), VAT number: 09637109. These Terms represent a unique and comprehensive agreement governing your use of the Services. You acknowledge and agree that these Terms, along with the Service Provider's privacy policies.
1. Key Concepts for Fatbot Users
1.01 "Account" means a User's Fatbot account and any other accounts managed or controlled by the User related to the Services.
1.02 "Affiliates" refers to any entity that controls, is controlled by, or is under common control with Krel Central a.s., the Service Provider.
1.03 "Applicable Laws" means any laws, regulations, directives, and guidelines applicable to the Services, including local and international compliance requirements.
1.04 "Blockchain" refers to a decentralized digital ledger technology used for recording transactions.
1.05 "Conduct Policy" refers to the Service Provider's rules governing acceptable behavior while using the Services.
1.06 "Confidential Information" has the meaning ascribed in Section 12.05.
1.07 "Digital Assets" means any digital currencies, tokens, or other cryptographic assets.
1.08 "Gas Fees" refers to transaction fees associated with Blockchain operations, which are not charged by the Service Provider but by the Blockchain network.
1.09 "Fatbot" refers to the proprietary application developed by Krel Central a.s. for managing Digital Assets.
1.10 "Fatbot Channels" means the official channels and support services associated with Fatbot, such as the website www.fatty.io and other social networks.
1.11 "Materials" include all intellectual property owned by or related to the Service Provider’s Services, including the Fatbot application, websites, and media.
1.12 "Parties" means the User and the Service Provider.
1.13 "Personal Information" refers to data collected to verify User identity as described in the Privacy Policy.
1.14 "Private Keys" are cryptographic keys used to access and control Digital Assets within a Wallet.
1.15 "Services" refers to functionalities provided by Fatbot, including but not limited to digital asset management, automated trading, and Wallet operations.
1.16 "Smart Contracts" refers to self-executing contracts coded onto Blockchain networks.
1.17 "User" means any individual or entity accessing or utilizing the Services.
1.18 "Wallet" means a digital tool for storing and managing Digital Assets.
Article II - Core Provisions for Fatbot Usage
2.01 Foundation of the Agreement
(a) Binding Terms. This document serves as a legally enforceable agreement between Krel Central a.s., headquartered in Prague, Czech Republic, and the User.
(b) Unified Agreement. The combined terms, alongside the Privacy Policy and Conduct Policy, represent the full understanding between the Service Provider and the User.
(c) Updates to Terms. Krel Central a.s. reserves the right to amend these Terms at its discretion. Significant updates will be announced within the Fatbot platform, and usage after such updates will signify consent.
(d) Restrictions on Usage. Users are prohibited from using Fatbot under the following conditions:
Absence of legal capacity or authority to comply with these Terms;
Residence in locations restricted by Fatbot policies;
Prior suspension or removal from the platform;
Engagement in activities that violate local or international laws.
2.02 Limitations of the Service Provider
(a) Krel Central a.s. specializes in developing tools like Fatbot for advanced digital asset management.
(b) The Service Provider does not take custody of Users' Digital Assets but enables operations through Smart Contracts and Wallets.
(c) As a beta-stage service, Fatbot's functionalities may not always perform as expected, and changes to its features are ongoing.
(d) Krel Central a.s. disclaims liability for any disruptions caused by external service providers, network issues, or Blockchain-specific challenges.
2.03 Service Use Requirements
(a) Users must accept these Terms and associated policies, including the Privacy Policy and Conduct Policy, to access Fatbot.
(b) The Service Provider reserves the right to mandate account registration for platform access and continued use.
(c) Users bear full responsibility for protecting their login credentials, Wallet Private Keys, and any sensitive account information.
(d) Any unauthorized access or suspicious activity must be promptly reported to the Fatbot support team.
(e) All actions executed through a User’s account are solely the responsibility of that User.
Article III - The Services
3.01 Fatbot Functionalities. Fatbot allows Users to:
Send and receive Digital Assets;
Manage Wallets;
Automate trades and set conditions for transactions;
Monitor and control Blockchain fees;
Access other tools for Digital Asset management.
3.02 Wallet Requirements. Users must have a compatible Wallet to utilize the Services.
3.03 Fees. The Service Provider charges a transaction fee of 1% for "buy" or "sell" actions and provides notice of any changes to fee structures through official channels.
Article IV - Compliance and Disclaimers
4.01 User Responsibilities. Users must:
(a) Comply with all Applicable Laws.
(b) Ensure that all funds and Digital Assets used within the Services originate from lawful sources.
(c) Refrain from engaging in prohibited activities, including market manipulation.
4.02 Disclaimer of Warranties. The Services are provided "as is" without any guarantees regarding availability, accuracy, or suitability.
Article V - Dispute Resolution
5.01 Class Action Waiver. Users waive the right to participate in class action lawsuits against the Service Provider.
5.02 Notice of Dispute. Disputes must be reported in writing within 30 days of occurrence, and the Parties will attempt to resolve disputes through negotiation before proceeding to arbitration.
5.03 Arbitration Procedures. All disputes that cannot be resolved amicably shall be subject to binding arbitration conducted in Prague, Czech Republic, under Czech law.
Article VI - Termination and Amendments
6.01 Termination. The Service Provider may suspend or terminate access to the Services at its sole discretion.
6.02 Retention of Data. The Service Provider may retain Transaction Data for a period required by Applicable Laws.
6.03 Amendments. The Service Provider reserves the right to modify these Terms at any time, with updates communicated through official channels.
Article VII - Additional Provisions for Fatbot Users
7.01 Jurisdiction and Governing Law. These Terms shall be governed by the laws of the Czech Republic.
7.02 Force Majeure Clause. The Service Provider shall not be held responsible for delays or failures caused by circumstances beyond reasonable control, including natural disasters or legal constraints.
7.03 Partial Invalidity. Should any provision within these Terms be deemed invalid or unenforceable, all other sections will remain effective and enforceable.
7.04 Transfer of Rights. Users cannot transfer their rights under these Terms without prior consent from the Service Provider.
7.05 Communication Channels. All official updates, support, and communications will be issued through www.fatty.io or via support@fatty.io.
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