Terms

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1. About the User Agreement

These terms of service (“Terms”) apply between you (also referred to herein as “user”, “you” and “your”) and Pocketwo Pte. Ltd. (UEN 202130950C) and/or its related corporations and affiliates (referred to herein as “Pocketwo” “we”, “us” or “our”), collectively or singularly as the context requires.

These Terms govern your access and use of the pocketwo.com website and/or our mobile apps (“Platform”). By using the Platform or any services, information or functions made available by Pocketwo on the Platform ("Services"), you agree that you have read, understand, and accept all of the terms and conditions contained in these Terms. These Terms should be read together with our Privacy Policy, which is available on the Platform.

‍2. This agreement is legally binding

These Terms are a legally binding contract between you and Pocketwo. Please read it carefully. By using our Services, including signing up for an account, you acknowledge that you have read, understood, and accepted this agreement.

‍3. Changes to this agreement

We may make changes to these Terms from time to time. You understand and agree that your continued use of the Services or the Platform after we have made any such changes constitutes your acceptance of the new Terms.

Any minor, non-material changes or clarifications go into effect immediately. Existing users will be notified via email prior to any material changes being made.

‍4. Who can use Pocketwo?

You may use our Services only if you are age 18 or older and not barred from using banking or investment services under the laws of Singapore or other applicable jurisdictions. Each person is allowed only one Pocketwo account, and you may not create additional accounts on behalf of any other individual.

‍5. Setting up an account

In order to use the Service, the User will need to register for an account on the Platform (“User Account”). Pocketwo may require the User to provide information satisfactory to Pocketwo and relevant third-parties that the User is not in breach of or at risk of being in breach of AML Laws, Anti-Bribery Laws, Sanctions Laws, CTF Laws, and other Applicable Laws. During the registration process, the User may need to submit information and documents in order to verify the User’s identity and for know-your-client checks of Pocketwo to prevent fraud, money laundering and financing of terrorism, or any other financial crimes (“KYC Process”). Pocketwo may engage the assistance of third-party service providers for the KYC Process and the User irrevocably grants Pocketwo the right to share such information with the third-party service providers concerned. The User is required to promptly provide whatever information requested and necessary to satisfy such due diligence requirements.

Pocketwo shall also regularly monitor and assess activities that may constitute a potential breach of AML Laws, CTF Laws, Sanctions Laws, Anti-Bribery Laws, and other Applicable Laws. Notwithstanding the KYC Process, the User is required to provide further information and documents or conduct any activities as requested by Pocketwo or any of its nominated third-parties pursuant to the Terms on an ongoing basis.

Pocketwo may, in its sole discretion, refuse to set up the User Account, terminate or suspend the User Account and the User’s access to the Platform, or limit the number of User Accounts the User may hold. The User’s access to the Service and the limits that may apply may be adjusted as a result of the information collected from the User.

By setting up the User Account, the User consents to the collection, use and disclosure of personal data and other information submitted to Pocketwo by Pocketwo, its affiliates, and its third-party service providers for such purposes. More details relating to the treatment of the User’s personal data are set out in the Privacy Policy.

‍6. Disclosure of information

The User represents, warrants and undertakes that all information provided by the User to Pocketwo at any relevant time is true, complete, accurate, current and not misleading in any material respect. The User undertakes to maintain and update all such information to keep it true, complete, accurate, current and not misleading in any material respect.

The User undertakes to immediately inform Pocketwo of any relevant change in the information which has been provided to Pocketwo in the course of Pocketwo providing the Service.

The User irrevocably undertakes to provide to Pocketwo, promptly upon demand, any information and/or documentation as Pocketwo may request from time to time. The User hereby expressly and irrevocably permits and authorises Pocketwo and its employees and/or any other persons authorised by Pocketwo to provide any information and copies of any document provided by the User as may be required pursuant to any KYC Process.

‍7. Account security

‍The User shall be fully responsible for all activities that occur under the relevant User Account he is using including all information submitted to Pocketwo, whether publicly posted on the Platform or privately transmitted.

The User shall (a) immediately notify Pocketwo of any unauthorised use of the User’s password or any other breach of security of his User Account(s), and (b) to ensure prompt exit from the relevant User Account at the end of each session. Pocketwo shall not be liable for any loss or damage arising from failure to comply with this Clause 7.

If you know or suspect your password has been compromised, you must promptly change your password.

‍8. Risks disclosure

8.1. By using the Service, the User expressly acknowledges and assumes the risks set out in this Terms. If any of these risks and uncertainties develop into actual events, the ability of Pocketwo to provide the Service may be adversely or materially affected.

8.2. While the Pocketwo platform has been extensively tested and Pocketwo maintains technology-risk management and business-continuity arrangements, the platform may experience unforeseen outages or bugs beyond Pocketwo’s reasonable control. Should this occur, Pocketwo will take remedial steps to restore functionality as promptly as possible.

8.3. While every effort has been taken to ensure that the Services are compliant with local laws, it is difficult to predict how or whether regulatory agencies may apply existing regulations with respect to the Services. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to laws and regulations affecting our Services. Regulatory actions could negatively impact Pocketwo in various ways, and thus the Services may not be available to users in certain jurisdictions.

8.4. Although Pocketwo takes steps against malicious attacks on our applications and infrastructure, which are critical for the maintenance of the Platform and the provision of the Service, there can be no assurance that cyber-attacks will not be attempted in the future, and that any of such security measures will be effective. Pocketwo does not provide any assurances or make any representations whatsoever as to the usability, stability and security of the Platform.

8.5. It is possible that your intended treatment of the Services may be challenged by tax authorities. You must seek your own tax advice in connection with the Services provided by Pocketwo, which may result in adverse tax consequences to you, including, without limitation, withholding taxes, transfer taxes, value-added taxes, income taxes and similar taxes, levies, duties or other charges and tax reporting requirements.

‍9. Indemnity

The User irrevocably undertakes to fully indemnify and hold harmless each of Pocketwo, its shareholders, officers, directors, employees and agents and their respective successors, heirs and assigns (collectively, the “Indemnified Parties” and each an “Indemnified Party”) promptly upon demand at any time and from time to time, from and against any and all losses, claims, actions, proceedings, damages, demands, judgments, sums payable, liabilities, damages, costs, charges and expenses (including reasonable attorneys’ fees and disbursements), and/or expenses (collectively, “Losses”) to which any Indemnified Party may become subject, insofar as such Losses arise out of, or in any way relate to, or result from:

  • a. the information provided by the User;
  • b. the breach of any of the User’s obligations, undertakings, representations and warranties, the provisions of the Terms of Use, or the provisions of any agreements entered into by the User or its affiliates in relation to the Service; or
  • c. any breach or non-compliance of the User with any Applicable Laws, along with any regulations or notices.

Exclusion of liability

Pocketwo (to the fullest extent permitted by law) shall not in any circumstances be liable for any loss or damage including any direct, indirect, special, consequential, punitive, incidental loss or damage (whether arising in tort, contract or otherwise) incurred by the User, its shareholders, officers, directors, employees and agents, arising out of or in relation to or in connection with the Terms including but not limited to:

  • a. the provision of the Service by Pocketwo to the User, including any losses incurred by the User pursuant to use of the Service;
  • b. the use or accuracy of the Platform;
  • c. any loss (whether direct or indirect) of profits, business, business opportunities, revenue, turnover, reputation or goodwill;
  • d. lost or damaged data;
  • e. damage to or interruption of any local area networks;
  • f. the introduction of viruses, worms or other destructive programs or any other commercial or economic losses;
  • g. any decision made or action taken by any party in reliance on the Service (or its results or the Platform’s contents);
  • h. any delay, failure interruption or corruption of any data or other information transmitted in connection with use of the Service; and
  • i. any inaccuracies, errors or omissions in connection with the Service and any Platform content.

‍10. If something goes wrong

To protect yourself from unauthorized activity in your account, you should regularly log into your account and review your account. In case of errors, please contact us immediately.

We will determine if an error has occurred within 10 days after being notified. If we need more than 10 days to determine if an error occurred, we will inform you via email.

‍11. Rectifying errors

Please email us if you discover an error or if you need more information about a transaction.

We will not rectify errors if:

  • a. Our system was not working properly, and you knew about the breakdown when you started the transaction; or
  • b. The error was due to extraordinary circumstances outside our control (such as fire, flood or loss of Internet connection), despite our reasonable precautions.

We will determine if an error has occurred within 10 days after being notified. If we need more than 10 days to determine if an error occurred, we will inform you via email.

You agree to contacting us within 30 days of the Error occurring. We are not liable for any losses associated with Errors for which you do not contact us within 30 days.

‍12. Pocketwo is not an investment advisor

Pocketwo is not an investment advisor. Pocketwo does not provide investment advice. No content published on the website constitutes a recommendation that any particular cryptocurrency, digital assets, or digital finance protocols are suitable for any specific person.

13. Disclaimer of Warranties; No Guarantee; Limitation of Liability

We hope to make our Services available at all times, but at times we may need to temporarily disable the Platform. The Services may be modified, suspended or discontinued at any time without notice or liability. Pocketwo will not be liable if all or part of the services is unavailable at any time.

Our Services are provided on an ‘as is’ and ‘as available’ basis. Pocketwo hereby disclaims all warranties of any kind, either express or implied, statutory or otherwise, including any warranties of merchantability, non-infringement, and fitness for particular purpose. In the event of a dispute, our liability and yours will be limited to the maximum extent permitted by law. In no event shall either party be liable for any indirect, incidental, special, exemplary or consequential damages arising out of or in connection with the services.

‍14. Dispute resolution

If you have a dispute with Pocketwo, you agree to contact Pocketwo through our support team in the first instance to attempt to resolve any such dispute amicably. If we cannot resolve the dispute through the Pocketwo support team, you agree that the dispute will be resolved in the manner described immediately below.

Each party (i) waives all its respective right(s) to have any and all disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, "Disputes") arising from or related to these Terms resolved in a court, and (ii) waives all its respective right(s) to have any Disputes heard before a court. Instead, each party shall arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).

Any Dispute arising out of or related to these Terms is personal to you and will be resolved solely through individual arbitration, and shall in no circumstances be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an entity attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

Any Dispute arising out of or in connection with these Terms (including without limitation the enforceability of this section or any question regarding its existence, validity or termination) shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference in this section. The seat of the arbitration shall be Singapore. The tribunal shall consist of 1 arbitrator. The language of the arbitration shall be English.

Each party will notify the other party in writing of any Dispute within thirty (30) days of the date it arises, so that the parties can attempt in good faith to resolve the Dispute informally. Notice to Pocketwo shall be sent by email. Notice to you shall be either posted on the Platform or, if available, will be sent by email to your email on record. Your notice must include (i) your name, postal address, email address and telephone number, (ii) a full and sufficient description of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. If you and Pocketwo cannot agree how to resolve the Dispute within thirty (30) days after the date the notice is received by the applicable party, then either you or Pocketwo may, as appropriate and in accordance with this section, commence an arbitration proceeding or, to the extent specifically provided for in this section, file a claim in court.

The arbitrator does not have the authority to conduct a class arbitration or a representative or class action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.

If any term, clause or provision of this section is held invalid or unenforceable, it will be held to the minimum extent applicable and required by law, and all other terms, clauses and provisions of this section will remain valid and enforceable. Further, the waivers set forth in this section are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.

You agree that this section of these Terms has been included to rapidly and inexpensively resolve any disputes with respect to the matters described herein, and that this section shall be grounds for dismissal of any court action commenced by you with respect to a dispute arising out of such matters.

A printed version of these Terms shall be admissible in judicial or administrative proceedings.