Terms of Use

Cred Terms of Use

Last Updated: 9/10/18

 

Shuttle Finance, Inc. (“Cred,” “we,” “us,” or “our”) welcomes you.  We invite you to access and use our services (“Services”), which are made available to you through a variety of platforms, including, but not limited to, www.getcred.io (the “Site”) and our mobile application, which is accessible through a variety of connected devices (the “App”).  The Site and the App are collectively referred to as the “Platform.”

 

We provide Visitors (as defined below) with access to the Site and Registered Users (as defined below) with access to the Services subject to the following Terms of Use.  By browsing the public areas of the Site, and/or by clicking “I ACCEPT,”  when you sign up to access and use the Services, you acknowledge that you have read, understood, and agree to be legally bound by these Terms of Use and our Privacy Policy, which is hereby incorporated by reference (collectively, this “Agreement”).  If you do not agree to any of these terms, then please do not use the Site, the App, and/or the Services. We may change the terms and conditions of these Terms of Use from time to time with or without notice to you. In any event, Registered Users will be required to affirmatively accept any revised Terms of Use prior to next logging-in to their account. 

 

THE SECTIONS BELOW TITLED “BINDING ARBITRATION” AND “CLASS ACTION WAIVER” CONTAIN A BINDING ARBITRATION AGREEMENT AND CLASS ACTION WAIVER.  THEY AFFECT YOUR LEGAL RIGHTS.  PLEASE READ THEM.

 

Capitalized terms not defined in these Terms of Use shall have the meaning set forth in our Privacy Policy.

 

Cred is registered as a Money Services Business with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Our Services are currently available to residents of California, Minnesota, Missouri and Massachusetts.

 

1. DESCRIPTION AND USE OF THE SERVICES

 

Cred provides a way to buy, store, and sell cryptocurrencies that Cred has designated as supported by the Services ("Supported Cryptocurrencies"). The manner in which Cred selects the Supported Cryptocurrencies is outlined in Cred’s Digital Asset Framework available at https://www.getcred.io/digitalassetframework. You can buy and sell Supported Cryptocurrencies for cash via the App, in partnership with our network of exchange and coin entity relationships, which are transferred into and out of the Cred wallet at the time of purchase or sale. When you purchase Supported Cryptocurrencies through the App, they are held in their native form by Cred, and designated as yours by our internal ledgering system. Buy and sell limits may apply to certain Supported Cryptocurrencies at Cred's sole discretion. Your Cred balance and portfolio will reflect the Supported Cryptocurrencies in which you chose to invest using the App. You can buy or sell Supported Cryptocurrencies using either a bank-linked ACH transaction or any other payment method supported by the App. At the time of sale, cryptocurrency will be transferred back to fiat currency and deposited in your linked payment method of choice. Our Services are provided on a subscription basis (“Subscription”).

 

Cred is not acting as a broker-dealer or an advisor, including as to any financial, legal, investment, insurance and/or tax matter, and has no fiduciary relationship or obligation to you in connection with any Transactions. Any information provided by Cred is for general information only. You are solely responsible for determining whether any contemplated Transaction is appropriate for you. You are solely responsible for any and all Transaction that you execute through the App. We make no, and hereby disclaim all, representations, warranties, claims, and assurances as to any Transaction. Cred reserves the right to modify the terms of Supported Cryptocurrency purchases and sales at any time and for any reason, including by not limited to, discontinuing such Supported Cryptocurrencies. If a Supported Cryptocurrency is discontinued, Cred will provide functionality to prompt you for a mandatory conversion from the discontinued cryptocurrency to USD.

 

Cred cannot and does not guarantee the fiat currency value of any Supported Cryptocurrency. By investing in Supported Cryptocurrency using the Services, you acknowledge and agree that the value of a cryptocurrency is highly volatile and that buying, selling, and holding any cryptocurrency involves a high degree of risk of the invested capital. Cryptocurrency networks are operated by decentralized networks of independent third parties. Once a Transaction request has been submitted to a network via the Services, the network will automatically complete or reject the request and you will not be able to cancel or otherwise modify your Transaction request. The relevant cryptocurrency blockchain is solely responsible for verifying and confirming the proposed Transactions that you submit via the Services, and Cred cannot and does not confirm, cancel, or reverse Transactions, other than confirmation of the relevant network's completion of a Transaction. You acknowledge and agree that Cred is not responsible for any Transactions that you make with any cryptocurrency.

 

We provide Visitors, and Registered Users with access to the Site, the App, and the Services as described below.  

 

Visitors.  Visitors, as the term implies, are people who do not register with us, but want to explore the Site.  No login is required for Visitors.  Visitors can: (i) view all publicly-available content on the Site; and (ii) e-mail us.

 

Registered Users.  Login is required for all Registered Users. Registered Users can do all things that Visitors can do, and may also be able to buy, store and sell the Supported Cryptocurrencies.

 

Cred is under no obligation to accept any individual as a Registered User, and may accept or reject any registration in its sole and complete discretion.  In addition, Cred may deactivate any account at any time, including, without limitation, if it determines that a Registered User has violated these Terms of Use.

 

2. LICENSE TO USE THE APP  

 

Cred hereby grants you a limited, non-exclusive, non-transferable license to download and install a copy of the App on a single mobile device that you own or control and to run such copy of the App solely for your own personal use. Furthermore, with respect to any App accessed through or downloaded from the Apple, Inc. (“Apple”) application store (“Apple App”), you will use the Apple App only: (i) on an Apple-branded product that runs iOS (Apple’s proprietary operating system software); and (ii) as permitted by the “Usage Rules” set forth in the Apple App Store Terms of Service. We reserve all rights in and to the App not expressly granted to you under these Terms of Use.

 

3. COMMUNITY GUIDELINES

 

Cred’s community, like any community, functions best when its people follow a few simple rules.  By visiting the Site, and/or accessing and/or using the App and/or the Services, you hereby agree to comply with these community rules and that:  

 

You will comply with all applicable laws in your use of the Site, the App and/or the Services and will not use the Site, the App and/or the Services for any unlawful purpose;

 

You will not access or use the Site, the App and/or the Services to collect any market research for a competing business;

 

You will not upload, post, e-mail, transmit, or otherwise make available any content that:

infringes any copyright, trademark, right of publicity, or other proprietary rights of any person or entity; or

is threatening, tortious, defamatory, libelous, indecent, obscene, pornographic, invasive of another’s privacy, or promotes violence; or

discloses any sensitive information about another person, including that person’s e-mail address, postal address, phone number, credit card information, or any similar information;

 

You will not “stalk” or otherwise harass another; 

 

You will not use any robot, spider, scraper, or other automated means to access the Site, the App and/or the Services for any purpose without our express written permission; provided, however, we grant the operators of public search engines permission to use spiders to copy materials from the public portions of the Site, the App and/or the Services for the sole purpose of and solely to the extent necessary for creating publicly-available searchable indices of the materials, but not caches or archives of such materials; 

 

You will not impersonate any person or entity or falsely state or otherwise misrepresent your affiliation with a person or entity; 

 

You will not interfere with or attempt to interrupt the proper operation of the Site, the App and/or the Services through the use of any virus, device, information collection or transmission mechanism, software or routine, or access or attempt to gain access to any data, files, or passwords related to the Site, the App and/or the Services through hacking, password or data mining, or any other means; 

 

You will not take any action that imposes or may impose (in our sole discretion) an unreasonable or disproportionately large load on our technical infrastructure;

 

You will not engage in any of the following activities via the Services, nor will you help any third party in any such activity: (1) attempt to gain unauthorized access to our Services or another user's account, (2) make any attempt to bypass or circumvent any security features, (3) violate any law, statute, ordinance, or regulation, (4) reproduce, duplicate, copy, sell, or resell our Services for any purpose except as authorized in these Terms of Use, (5) engage in any activity that is abusive or interferes with or disrupts our Services; and 

 

If you are blocked by Cred from accessing the Services, including by blocking your IP address, you agree not to implement any measures to circumvent such blocking (e.g. by masking your IP address or using a proxy IP address). 

 

Please let us know about inappropriate content. If you find something that violates our community guidelines, let us know, and we’ll review it.  We reserve the right, in our sole and absolute discretion, to temporarily or permanently suspend your account or deny you access to the Site, the App and/or the Services, or any portion thereof, without notice, and to remove any content that does not adhere to these guidelines.  

 

4. RESTRICTIONS

 

The Services are available only for individuals aged 18 years or older, who are located in the United States.  If you are under the age of 18, please do not use the Services. By registering as a Registered User, you represent and warrant that you are at least 18 years of age.  

 

5. USE OF PERSONAL INFORMATION

 

Your use of the Site, the App and/or the Services may involve the transmission to us of certain personally-identifiable information. Our policies with respect to the collection and use of such personally-identifiable information are governed according to our Privacy Policy (located at www.getcred.io/privacy), which is hereby incorporated by reference in its entirety. 

 

6. SIGN-IN NAME; PASSWORD 

 

If you would like to use the App, you will need to download the App through Apple or any other third party app store where the App is available. During the registration process for Registered Users, we will ask you to create an account, which includes a unique sign-in name (“Sign-In Name”), and password (“Password”). When creating your account, you must provide true, accurate, current, and complete information.  Each Sign-In Name and corresponding Password can be used by only one Registered User.  You are responsible for the confidentiality and use of your Sign-In Name, and Password.  You will promptly inform us of any need to deactivate a Password or Sign-In Name.  We reserve the right to delete or change your Password, or Sign-In Name at any time and for any reason.  

 

7. ACCESSING AND DOWNLOADING THE APP FROM ITUNES

The following terms apply to any Apple App. These terms are in addition to all other terms contained in these Terms of Use:

 

You acknowledge and agree that (i) these Terms of Use are concluded between you and Cred only, and not Apple, and (ii) Cred, not Apple, is solely responsible for the Apple App and content thereof. Your use of the Apple App must comply with the App Store Terms of Service.

You acknowledge that Apple has no obligation whatsoever to furnish any maintenance and support services with respect to the Apple App.

In the event of any failure of the Apple App to conform to any applicable warranty, you may notify Apple, and Apple will refund the purchase price for the Apple App to you and to the maximum extent permitted by applicable law, Apple will have no other warranty obligation whatsoever with respect to the Apple App. As between Cred and Apple, any other claims, losses, liabilities, damages, costs or expenses attributable to any failure to conform to any warranty will be the sole responsibility of Cred.

You acknowledge that, as between Cred and Apple, Apple is not responsible for addressing any claims you have or any claims of any third party relating to the Apple App or your possession and use of the Apple App, including, but not limited to: (i) product liability claims; (ii) any claim that the Apple App fails to conform to any applicable legal or regulatory requirement; and (iii) claims arising under consumer protection or similar legislation.

You acknowledge that, in the event of any third party claim that the Apple App or your possession and use of that Apple App infringes that third party’s intellectual property rights, as between Cred and Apple, Cred, not Apple, will be solely responsible for the investigation, defense, settlement and discharge of any such intellectual property infringement claim to the extent required by these Terms of Use. 

You represent and warrant that (i) you are not located in a country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a “terrorist supporting” country; and (ii) you are not listed on any U.S. Government list of prohibited or restricted parties.

You acknowledge and agree that Apple, and Apple’s subsidiaries, are third party beneficiaries of these Terms of Use as related to your license of the Apple App, and that, upon your acceptance of the terms and conditions of these Terms of Use, Apple will have the right (and will be deemed to have accepted the right) to enforce these Terms of Use as related to your license of the Apple App against you as a third party beneficiary thereof.

Without limiting any other terms of these Terms of Use, you must comply with all applicable third party terms of agreement when using the Apple App.

 

8. FEES; RECURRING TRANSACTIONS; TAXES

 

Fees. You agree to pay all applicable Subscription fees made known to you when you sign up to become a Registered User (“Subscription Fees”). You hereby authorize us to automatically charge the applicable Subscription Fees through ACH debit from your linked account(s). If you buy and/or sell Supported Cryptocurrencies through the App, either via bank transfer or via any other payment method supported by the App, there may be a fee associated with the Transaction (“Transaction Fee”). The Transaction fee shall be made known to you before you execute the Transaction via the App and you agree to pay all applicable Transaction Fees. 

 

IT IS IMPORTANT TO NOTE THAT WHEN YOU SIGN UP FOR A SUBSCRIPTION, YOUR SUBSCRIPTION WILL AUTOMATICALLY RENEW UNTIL YOU CANCEL IT.  YOU MAY CANCEL AT ANY TIME BY FOLLOWING THE INSTRUCTIONS ON THE SITE AND THE APP, AND THE CANCELLATION WILL TAKE EFFECT AT THE EXPIRATION OF THE THEN-CURRENT TERM.  AT THE END OF SUCH TERM, WE WILL SEND YOU A REMINDER E-MAIL ABOUT THE SUBSCRIPTION’S AUTOMATIC RENEWAL.  AGAIN, IF YOU DO NOT CANCEL, THEN YOUR SUBSCRIPTION WILL AUTOMATICALLY RENEW UNDER THE SAME SUBSCRIPTION.

 

We reserve the right to change any of the fees that we charge, or to institute new or additional fees, at any time upon notice to you. 

 

Recurring Transactions. If you initiate recurring Transactions via the App, you authorize Cred to initiate recurring electronic payments in accordance with your ongoing use of the Services and your selected automatic withdrawals and roundups through either ACH debit or credit entries from your linked account(s). Your recurring Transactions will occur based on your period and amount selection until you or Cred cancels the Transaction. You may change or terminate your automatically occurring Transactions at any time via the App.

 

Taxes. It is your sole responsibility to determine whether, and to what extent, any taxes apply to any Transactions you conduct through the App, and to withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. Your Transaction history is available in the App.

 

9. REFUNDS; REVERSALS; UNCLAIMED PROPERTY

 

Once a Transaction has been initiated, it cannot be reversed. Purchases using a bank account, debit card, or credit card may be reversed or may be subject to a chargeback or related claim. All payment transactions processed through the Services are non-refundable. You may have additional refund or charge-back rights under your agreement with the recipient of such funds, your bank, or applicable law. You should periodically review statements from your bank, which should reflect all applicable payment transactions made using that payment method. You can always access the record of your Transactions by logging into the App.

 

Under applicable law, after a specified period of inactivity by you with respect to your Cred account, Cred may be required to report and/or remit any cryptocurrency it is holding in custody for you in accordance with unclaimed property laws.

 

10. PROMOTIONS

 

We may, from time to time, offer promotions with various businesses, websites, mobile applications or third parties, which may include opportunities for you to earn deposits within your Cred account. Each such promotion will be subject to and governed by this Agreement, and any additional applicable rules or terms and conditions we may post online, post in our mobile application, include within e-mail or other communications, or otherwise make available to you. To the extent you elect to participate in any such promotion or otherwise make any purchase subject to a promotion, we may share your personal information such as name, e-mail address, purchase dates, and other related information with the applicable third party promotional partner for the limited purpose of allowing such partner the make the promotion available and track participation within such promotion.

 

11. OWNERSHIP OF INTELLECTUAL PROPERTY RIGHTS

 

We and our licensors retain all right, title, and interest (including copyright, trademark, patent, trade secrets, and all other intellectual property rights) in our Site, App and Services and all content on our Site, App and Services, including our trademarks, service marks, designs, logos, URLs, and trade names that are displayed on our Site, App, and Service (collectively, the “Cred Materials”). The Cred Materials are protected under both United States and foreign laws.  Unauthorized use of the Cred Materials may violate copyright, trademark, and other laws.  We hereby grant you a limited, nonexclusive, a non-sublicensable license to access and use the Cred Materials for your personal or internal business use. Such license is subject to this Agreement and does not permit any resale of Cred Materials; the distribution, public performance or public display of any Cred Materials; modifying or otherwise making any derivative uses of the Cred Materials, or any portion thereof; or any use of the Cred Materials other than for their intended purposes. You must retain all copyright and other proprietary notices contained in the original Cred Materials on any copy you make of the Cred Materials.  The use or posting of the Cred Materials on any other website or in a networked computer environment for any purpose is expressly prohibited. 

 

If you violate any part of this Agreement, your permission to access and/or use the Cred Materials and the Services automatically terminates and you must immediately destroy any copies you have made of the Cred Materials.

 

The trademarks, service marks, and logos of Cred (“Cred Trademarks”) used and displayed on the Site, App and Services are registered and unregistered trademarks or service marks of Cred.  Other company, product, and service names located on the Site, App and Services may be trademarks or service marks owned by others (the “Third-Party Trademarks,” and, collectively with the Cred Trademarks, the “Trademarks”).  Nothing on the Site, App and Services should be construed as granting, by implication, estoppel, or otherwise, any license or right to use the Trademarks, without our prior written permission specific for each such use.  Use of the Trademarks as part of a link to or from any site is prohibited unless establishment of such a link is approved in advance by us in writing.  All goodwill generated from the use of the Cred Trademarks inures to our benefit. 

 

Elements of the Site and App are protected by trade dress, trademark, unfair competition, and other state and federal laws and may not be copied or imitated in whole or in part, by any means, including but not limited to the use of framing or mirrors.  None of the Cred Materials may be retransmitted without our express, written consent for each and every instance.

 

 

12. REGISTERED USER CONTENT; LICENSES 

 

Registered Users may post and/or create content through the Platform, including, without limitation, reviews, and comments (hereinafter, "Registered User Content").  You expressly acknowledge and agree that once you submit the Registered User Content for inclusion into the Platform, it will be accessible by others, and that there is no confidentiality or privacy with respect to such Registered User Content, including, without limitation, any personally identifying information that you may make available. We may remove Registered User Content that does not adhere to our Community Guidelines, or that is offensive or otherwise unacceptable to us in our sole discretion. YOU, AND NOT CRED, ARE ENTIRELY RESPONSIBLE FOR ALL YOUR REGISTERED USER CONTENT THAT YOU UPLOAD, POST, E-MAIL, OR OTHERWISE TRANSMIT VIA THE PLATFORM. 

 

You retain all copyrights and other intellectual property rights in and to your own Registered User Content.  You do, however, hereby grant us a non-exclusive, royalty-free, sublicensable, transferable, perpetual license to modify, compile, combine with other content, copy, record, synchronize, transmit, translate, format, distribute, publicly display, publicly perform, and otherwise use or exploit your Registered User Content as reasonably necessary to provide the Platform.  

 

If you submit Registered User Content to us, each such submission constitutes a representation and warranty to Cred that such Registered User Content is your original creation (or that you otherwise have the right to provide the Registered User Content), that you have the rights necessary to grant the license to the Registered User Content under the prior paragraph, and that it and its use by Cred and its content partners as permitted by this Agreement does not and will not infringe or misappropriate the intellectual property or moral rights of any person or contain any libelous, defamatory, or obscene material or content that violates our Community Guidelines.

 

13. COMMUNICATIONS TO US

 

Although we do not want you to, and you should not, e-mail us any content that contains confidential information.  With respect to all e-mails and communications you send to us, including, but not limited to, feedback, questions, comments, suggestions, and the like, we shall be free to use any ideas, concepts, know-how, or techniques contained in your communications for any purpose whatsoever, including but not limited to, the development, production, and marketing of products and services that incorporate such information without compensation or attribution to you.

 

14.INVESTIGATIONS

 

Cred reserves the right to investigate suspected violations of this Agreement. Cred may seek to gather information from the user who is suspected of violating this Agreement, and from any other user. Cred may suspend any users whose conduct or postings are under investigation and may remove such material from its servers as it deems appropriate and without notice. If Cred believes, in its sole discretion, that a violation of this Agreement has occurred, it may edit or modify any submission, posting or email, remove the material permanently, cancel positions, warn users, suspend users and passwords, terminate accounts or take other corrective action it deems appropriate. Cred will fully cooperate with any law enforcement authorities or court order requesting or directing Cred to disclose the identity or identifying information relating to anyone posting any such messages. Cred will fully cooperate with any law enforcement authorities or court order requesting or directing Cred to disclose the identity and other available information relating to anyone posting any emails, or publishing or otherwise making available any materials that are believed to violate this Agreement.

 

15. EXPORT CONTROLS

 

The Services may be subject to export control regulations under applicable law, including in the United States. By using the Services you represent that you are not an individual or entity that is, or an entity owned or controlled by persons or entities that are, (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty's Treasury, the Swiss government, or any other governmental authority with jurisdiction over Cred or Cred Services; (ii) identified on the Denied Persons, Entity, or Unverified Lists of the U.S. Department of Commerce's Bureau of Industry and Security; or (iii) located, organized, or resident in a country or territory that is, or whose government is, the subject of US economic sanctions, including, without limitation to North Korea, South Sudan, Sudan, or Syria.

 

16.FORCE MAJEURE

 

We may not be liable for delays, failure in performance or interruption of service which may result directly or indirectly from any cause of condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or Software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.

 

17. SYNAPSEFI TERMS

 

We use SynapseFI as our US banking software provider. By accessing and using our Services, you agree to SynapseFI’s terms available at https://synapsefi.com/legal. These terms are in addition to all other terms contained in these Terms of Use.

 

 

18. NO WARRANTIES; LIMITATION OF LIABILITY

 

THE PATFORM, SERVICES, CRED MATERIALS, AND ALL CONTENT, FUNCTIONS AND MATERIALS MADE AVAILABLE TO YOU THROUGH THE PLATFORM AND SERVICES IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE. 

 

NONE OF CRED, ITS AFFILIATES, SUBSIDIARIES, OR ITS OR THEIR OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS (COLLECTIVELY THE “CRED PARTIES”) ENDORSE OR RECOMMEND ANY SUPPORTED CRYPTOCURRENCIES OR ANY TRANSACTIONS.  NONE OF THE CRED PARTIES HAS ANY RESPONSIBILITY OR LIABILITY WITH RESPECT TO, ANY TRANSACTIONS OR FOR ANY RESULTS CAUSED BY USING THE PLATFORM AND SERVICES, INCLUDING WITHOUT LIMITATION, ANY FINANCIAL LOSS. 

 

THE CONTENT ON THE PLATFORM IS FOR INFORMATIONAL PURPOSES ONLY.  NO MATERIAL AVAILABLE THROUGH THE PLATFORM SHALL BE USED OR CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY THE SUPPORTED CRYPTOCURRENCY OR PRODUCTS OR SERVICES OF ANY ENTITY.  INVESTMENT OFFERS CAN ONLY BE MADE WHERE LAWFUL UNDER, AND IN COMPLIANCE WITH, APPLICABLE LAW.  THE PLATFORM AND THE SERVICES PROVIDE NO INVESTMENT OR OTHER ADVICE, AND NO INFORMATION OR MATERIAL AVAILABLE THROUGH THEM IS TO BE RELIED UPON FOR THE PURPOSE OF MAKING OR COMMUNICATING INVESTMENT OR OTHER DECISIONS.  IN MAKING AN INVESTMENT DECISION, YOU MUST RELY ON YOUR OWN EXAMINATION OF THE INVESTMENT AND THE TERMS OF THE OFFERING. WE DO NOT ADVISE ON THE TAX CONSEQUENCES OF ANY INVESTMENT.  TO THE EXTENT THAT PAST PERFORMANCE IS AVAILABLE THROUGH THE PLATFORM OR THE SERVICES, PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS, AND NO REPRESENTATION IS BEING MADE THAT ANY INVESTMENT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE ACHIEVED IN THE PAST, OR THAT SIGNIFICANT LOSSES WILL BE AVOIDED.

 

YOU UNDERSTAND AND AGREE THAT CRED DOES NOT WARRANT THAT ANY TRANSACTION WILL BE EXECUTED, OR THAT TRANSACTIONS WILL BE EXECUTED WITHOUT DELAY.  IN ADDITION, CRED DOES NOT WARRANT THAT PRICE QUOTES ARE ACCURATE OR WILL BE FREE OF DELAY OR ERROR. YOU UNDERSTAND AND AGREE THAT THE EXECUTION OF TRANSACTIONS MAY BE AT A PRICE SIGNIFICANTLY DIFFERENT FROM THE PRICES QUOTED BY CRED AT THE TIME OF YOUR SEARCH OR AT THE TIME YOU PROVIDE INSTRUCTIONS TO EXECUTE A TRASACTION.  CRED IS NOT RESPONSIBLE IF THE TRANSACTIONS FAIL TO EXECUTE.

 

PLEASE NOTE THE FOLLOWING DISCLOSURES ASSOCIATED WITH VIRTUAL CURRENCIES:

 

VIRTUAL CURRENCIES ARE NOT LEGAL TENDER, ARE NOT BACKED BY THE GOVERNMENT, AND ACCOUNTS AND VALUE BALANCES ARE NOT SUBJECT TO FEDERAL DEPOSIT INSURANCE CORPORATION PROTECTIONS.

LEGISLATIVE AND REGULATORY CHANGES OR ACTIONS AT THE STATE, FEDERAL, OR INTERNATIONAL LEVEL MAY ADVERSELY AFFECT THE USE, TRANSFER, EXCHANGE, AND VALUE OF VIRTUAL CURRENCIES.

TRADES IN VIRTUAL CURRENCIES MAY BE IRREVERSIBLE, AND, ACCORDINGLY, LOSSES DUE TO FRAUDULENT OR ACCIDENTAL TRADES MAY NOT BE RECOVERABLE.

SOME VIRTUAL CURRENCY TRADES SHALL BE DEEMED TO BE MADE WHEN RECORDED ON A PUBLIC LEDGER, WHICH IS NOT NECESSARILY THE DATE OR TIME THAT THE CUSTOMER INITIATES THE TRADE.

THE VALUE OF A VIRTUAL CURRENCY MAY BE DERIVED FROM THE CONTINUED WILLINGNESS OF MARKET PARTICIPANTS TO EXCHANGE GOVERNMENT-ISSUED CURRENCY FOR THAT VIRTUAL CURRENCY, WHICH MAY RESULT IN THE POTENTIAL FOR PERMANENT AND TOTAL LOSS OF VALUE OF A PARTICULAR VIRTUAL CURRENCY SHOULD THE MARKET FOR THAT VIRTUAL CURRENCY DISAPPEAR.

THERE IS NO ASSURANCE THAT A PERSON WHO ACCEPTS A VIRTUAL CURRENCY AS PAYMENT TODAY WILL CONTINUE TO DO SO IN THE FUTURE.

THE VOLATILITY AND UNPREDICTABILITY OF THE PRICE OF VIRTUAL CURRENCIES RELATIVE TO GOVERNMENT-ISSUED CURRENCIES MAY RESULT IN SIGNIFICANT LOSS OVER A SHORT PERIOD OF TIME.

THE NATURE OF VIRTUAL CURRENCIES MAY LEAD TO AN INCREASED RISK OF FRAUD OR CYBER ATTACK.

 

IN CONNECTION WITH ANY WARRANTY, CONTRACT, OR COMMON LAW TORT CLAIMS: (I) WE SHALL NOT BE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM TRASACTION LOSSES, LOST DATA, OR BUSINESS INTERRUPTION RESULTING FROM THE USE OR INABILITY TO ACCESS AND USE THE PLATFORM, CONTENT, OR ANY RELATED SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; AND (II) ANY DIRECT DAMAGES, NOT ATTRIBUTABLE TO PERSONAL INJURIES, THAT YOU MAY SUFFER AS A RESULT OF YOUR USE OF THE PLATFORM, CONTENT, OR ANY RELATED SERVICES SHALL BE LIMITED TO THE MONIES YOU HAVE PAID US IN CONNECTION WITH YOUR USE OF THE SERVICES DURING THE THREE (3) MONTHS IMMEDIATELY PRECEDING THE EVENTS GIVING RISE TO THE CLAIM. 

 

SOME JURISDICTIONS, INCLUDING NEW JERSEY DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES. THEREFORE, SOME OF THE ABOVE LIMITATIONS ON WARRANTIES IN THIS SECTION MAY NOT APPLY TO YOU.

THE PLATFORM AND SERVICES MAY CONTAIN TECHNICAL INACCURACIES OR TYPOGRAPHICAL ERRORS OR OMISSIONS. WE ARE NOT RESPONSIBLE FOR ANY SUCH TYPOGRAPHICAL, TECHNICAL, OR PRICING ERRORS LISTED THEREIN. WE RESERVE THE RIGHT TO MAKE CHANGES, CORRECTIONS, AND/OR IMPROVEMENTS TO THE PLATFORM AND SERVICES AT ANY TIME WITHOUT NOTICE.  THE PLATFORM AND SERVICES MAY CONTAIN INFORMATION ON SUPPORTED CRYPTOCURRENCIES THAT ARE NOT AVAILABLE IN EVERY LOCATION.  A REFERENCE TO A SUPPORTED CRYPTOCURRENCY ON THE PLATFORM AND/OR SERVICES DOES NOT IMPLY THAT SUCH SUPPORTED CRYPTOCURRENCY IS OR WILL BE AVAILABLE WHEN YOU WOULD LIKE TO PURSUE IT.  

 

19. INDEMNIFICATION  

 

You agree to defend, indemnify, and hold harmless Cred, our affiliates, and our and their respective past, current, and future shareholders, employees, officers, directors, attorneys, principals, trustees, representatives, agents, partners, predecessors, successors, and assigns from and against any claims, actions, or demands, including, without limitation, reasonable legal and accounting fees, arising or resulting from your breach of this Agreement (including, without limitation, breach of any warranties or representations made by you herein) or any of your transactions.  We shall provide notice to you of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit, or proceeding.  We reserve the right, at your expense, to assume the exclusive defense and control of any matter that is subject to indemnification under this section.  In such case, you agree to cooperate with any reasonable requests assisting our defense of such matter.

 

20. EXTERNAL SITES

 

The Platform may contain links to third-party websites (“External Sites”).  These links are provided solely as a convenience to you and not as an endorsement by us of the content on such External Sites.  The content of such External Sites is developed and provided by others.  You should contact the site administrator or webmaster for those External Sites if you have any concerns regarding such links or any content located on such External Sites.  We are not responsible for the content of any linked External Sites and do not make any representations regarding the content or accuracy of materials on such External Sites.  You should take precautions when downloading files from all websites to protect your computer from viruses and other destructive programs.  If you decide to access linked External Sites, you do so at your own risk.

 

21. COMPLIANCE WITH APPLICABLE LAWS

 

The Platform and the Services is based in the United States.  We make no claims concerning whether the Platform, Services or Cred Materials may be downloaded, viewed, or be appropriate for use outside of the United States.  If you access the Platform, Services or Cred Materials from outside of the United States, you do so at your own risk.  Whether inside or outside of the United States, you are solely responsible for ensuring compliance with the laws of your specific jurisdiction.

 

22. TERMINATION OF THE AGREEMENT

 

We reserve the right, in our sole discretion, to restrict, suspend, or terminate this Agreement and your access to all or any part of the Platform and/or Services, at any time and for any reason without prior notice or liability.  We reserve the right to change, suspend, or discontinue all or any part of the Platform and/or Services at any time without prior notice or liability.

 

23. DIGITAL MILLENNIUM COPYRIGHT ACT

 

Cred respects the intellectual property rights of others and attempts to comply with all relevant laws. We will review all claims of copyright infringement received and remove any content or user submissions deemed to have been posted or distributed in violation of any such laws.

 

Our designated agent under the Digital Millennium Copyright Act (the “Act”) for the receipt of any Notification of Claimed Infringement which may be given under that Act is as follows:

 

Shuttle Finance, Inc.

Attention: DMCA

1447 2nd Street

Santa Monica, CA 90401

support@getcred.io 

 

If you believe that your work has been copied on the Site, the App and/or the Services in a way that constitutes copyright infringement, please provide our agent with notice in accordance with the requirements of the Act, including (i) a description of the copyrighted work that has been infringed and the specific location on the Site, the App and/or the Services where such work is located; (ii) a description of the location of the original or an authorized copy of the copyrighted work; (iii) your address, telephone number and e-mail address; (iv) a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent or the law; (v) a statement by you, made under penalty of perjury, that the information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf; and (vi) an electronic or physical signature of the owner of the copyright or the person authorized to act on behalf of the owner of the copyright interest.

 

24. CONTROLLING LAW

 

This Agreement and any action related thereto will be governed by the laws of the State of California without regard to its conflict of laws provisions. 

 

25. BINDING ARBITRATION

 

In the event of a dispute arising under or relating to this Agreement, the Cred Materials, the Platform, or the Services (each, a “Dispute”), either party may elect to finally and exclusively resolve the dispute by binding arbitration governed by the Federal Arbitration Act (“FAA”).  Any election to arbitrate, at any time, shall be final and binding on the other party. IF EITHER PARTY CHOOSES ARBITRATION, NEITHER PARTY SHALL HAVE THE RIGHT TO LITIGATE SUCH CLAIM IN COURT OR TO HAVE A JURY TRIAL, EXCEPT EITHER PARTY MAY BRING ITS CLAIM IN ITS LOCAL SMALL CLAIMS COURT, IF PERMITTED BY THAT SMALL CLAIMS COURT RULES AND IF WITHIN SUCH COURT’S JURISDICTION.  ARBITRATION IS DIFFERENT FROM COURT, AND DISCOVERY AND APPEAL RIGHTS MAY ALSO BE LIMITED IN ARBITRATION.  All disputes will be resolved before a neutral arbitrator selected jointly by the parties, whose decision will be final, except for a limited right of appeal under the FAA.  The arbitration shall be commenced and conducted by JAMS pursuant to its then current Comprehensive Arbitration Rules and Procedures and in accordance with the Expedited Procedures in those rules, or, where appropriate, pursuant to JAMS’ Streamlined Arbitration Rules and Procedures. All applicable JAMS’ rules and procedures are available at the JAMS website www.jamsadr.com. Each party will be responsible for paying any JAMS filing, administrative, and arbitrator fees in accordance with JAMS rules.  Judgment on the arbitrator’s award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction.  The arbitration may be conducted in person, through the submission of documents, by phone, or online. If conducted in person, the arbitration shall take place in the United States county where you reside.  The parties may litigate in court to compel arbitration, to stay a proceeding pending arbitration, or to confirm, modify, vacate, or enter judgment on the award entered by the arbitrator.  The parties shall cooperate in good faith in the voluntary and informal exchange of all non-privileged documents and other information (including electronically stored information) relevant to the Dispute immediately after commencement of the arbitration.  As set forth in Section 25 below, nothing in this Agreement will prevent us from seeking injunctive relief in any court of competent jurisdiction as necessary to protect our proprietary interests. 

 

26, CLASS ACTION WAIVER

 

You agree that any arbitration or proceeding shall be limited to the Dispute between us and you individually. To the full extent permitted by law, (i) no arbitration or proceeding shall be joined with any other; (ii) there is no right or authority for any Dispute to be arbitrated or resolved on a class action-basis or to utilize class action procedures; and (iii) there is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons. YOU AGREE THAT YOU MAY BRING CLAIMS AGAINST US ONLY IN YOUR INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

 

27. EQUITABLE RELIEF

 

You acknowledge and agree that in the event of a breach or threatened violation of our intellectual property rights and confidential and proprietary information by you, we will suffer irreparable harm and will therefore be entitled to injunctive relief to enforce this Agreement. We may, without waiving any other remedies under this Agreement, seek from any court having jurisdiction any interim, equitable, provisional, or injunctive relief that is necessary to protect our rights and property pending the outcome of the arbitration referenced above. You hereby irrevocably and unconditionally consent to the personal and subject matter jurisdiction of the federal and state courts in the State of California for purposes of any such action by us.

 

28. MISCELLANEOUS  

 

If this Agreement is terminated in accordance with the Termination provision above, such termination shall not affect the validity of the following provisions of this Agreement, which shall remain in full force and effect: “Intellectual Property,” “Communications with Us,” “No Warranties; Limitation of Liability,” “Indemnification,” “Termination of the Agreement,” “Controlling Law,” “Binding Arbitration,” “Class Action Waiver,” “Equitable Relief,” and “Miscellaneous.”  

 

Our failure to act on or enforce any provision of the Agreement shall not be construed as a waiver of that provision or any other provision in this Agreement.  No waiver shall be effective against us unless made in a signed writing, and no such waiver shall be construed as a waiver in any other or subsequent instance.  Except as expressly agreed by us and you in a signed writing, this Agreement constitutes the entire Agreement between you and us with respect to the subject matter, and supersedes all previous or contemporaneous agreements, whether written or oral, between the parties with respect to the subject matter.  The section headings are provided merely for convenience and shall not be given any legal import.  This Agreement will inure to the benefit of our successors, assigns, licensees, and sublicensees.

 

29. CONTACT US

 

Shuttle Finance, Inc.

1447 2nd Street

Santa Monica, CA 90401

support@getcred.io

 

Copyright 2018 Shuttle Finance, Inc. All rights reserved.  

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Cred is wholly-owned sub-brand of Shuttle Finance, Inc. Cryptocurrency trading is offered through an account with Cred. Cred is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance.

Getting “early access” to Cred is defined as signing up with a valid email address for a spot in Cred’s waitlist queue. Early access to the waitlist for Cred should in no way be construed as confirmation that an account with Cred or Shuttle Finance has been opened or will even be approved for opening. 

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.

Cryptocurrency trading requires knowledge of cryptocurrency markets. In attempting to profit through cryptocurrency trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial cryptocurrency trading. Cryptocurrency trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Cryptocurrency trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a particular cryptocurrency suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying cryptocurrency system. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.

© 2018 Shuttle Finance, Inc. All rights reserved.