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GENERAL TERMS AND CONDITIONS

General Terms and Conditions (here in after referred to as “SKU“) NEVIX is a provision that contains terms and conditions regarding usage of products, services, technology, service features provided by NEVIX including, but not limited to Website use, Nevix Wallet and Nevix Mobile App (here in after referred to as the “NEVIX PLATFORM”) as long as it is not specifically regulated as stated in the registration section of the NEVIX Account created on the day and date listed in Account registration section https://Nevix.net, an inseparable entity and approval of this SKU. By registering as a Member/Verified Member, You declare it has been READING, UNDERSTANDING, AGREE and OBSERVE Terms and Conditions below.

You are advised to read all terms and conditions carefully before using NEVIX platform services or all services provided, and together with this, you agree and commit yourself to all activities in this SKU with the following terms and conditions:

DEFINITION

As long as the context of the sentence does not specify otherwise, the terms or definitions in the SKU has the following meanings:

  1. Website, refer to the online site with the address https://Nevix.net This Website is managed by NEVIX, not limited to owners, investors, employees and parties associated with NEVIX. Depending on the context, “Website” can also refer to services, products, sites, contents or other services provided by NEVIX.

  2. Digital Assets are digital commodities that use principles of peer-to-peer (interface) network-based decentralized technology or called Blockchain Network that is traded inside NEVIX platform.

  3. Blockchain is open distributed ledger that can record transactions between two parties efficiently and in a way that can be permanently verified.

  4. Registration is the registration process to become a Member on NEVIX platform which is the initial verification process to obtain information, a statement in the use of NEVIX platform service.

  5. Member are people (individuals), business entities or legal entities that have registered with NEVIX platform, thus obtaining authorization from NEVIX platform to conduct Digital Asset transaction activities.

  6. Verification is process of examining Members regarding Member related information and personal information included in the Registration process to be validated by NEVIX in order to get the full service of the NEVIX platform.

  7. Verified Member are Member who have gone through and completed the Verification stage conducted by NEVIX.

  8. Service is a service provided by NEVIX in facilitating Verified Member to carry out Digital Asset transaction activities.

  9. Digital Asset Transaction Activities is the transaction activity of Digital Assets based on achieving the points of agreement of Verified Member in the platform provided by NEVIX.

  10. Account Member is access given to Member/Verified Member to obtain information and to conduct Digital Asset transaction activities through NEVIX platform.

  11. Password is a collection of characters consisting of alphanumeric sequences or a combination of both and used by Member/Verified Member to verify their identity to the security system at NEVIX platform.

  12. Phone number is the registered Member /Verified Member telephone number so that you get authorization to get service. Changes to telephone numbers can be made by following the rules on the help page available at Website.

  13. Buyer is Verified Member who purchases Digital Assets through NEVIX platform. In the transaction mechanism, the buyer can purchase Digital Assets based on other Digital Assets exchange rate/rate.

  14. Seller is Verified Member who sells Digital Assets through NEVIX platform. In the transaction mechanism, the seller can sell Digital Assets based on other Digital Assets exchange rate/rate.

  15. Deposit is process of depositing Digital Assets by Member/Verified Member which refers to the process or top up mechanism carried out through the NEVIX Member /Verified Member.

  16. Withdraw is the withdrawal process Digital Asset by Verified Member who refers to the process or mechanism of withdrawal conducted through the NEVIX Verified Member Account.

  17. Digital Asset Prices is the exchange rate/rate of Digital Assets in NEVIX platform that is volatile, with value according to supply and demand in the market.

  18. NEVIX Wallet is Member /Verified Member’s Digital Asset pocket address, created specifically for Member /Verified Member sand can be used multiple times as a Digital Assets pocket provided on the NEVIX platform. In its technical factors, the address of Digital Assets has a role or function to receive and send Digital Assets.

  19. ICO (Initial Coin Offering) is a concept of crowdfunding using cryptocurrencies and Blockchain technology.

  20. NEVIX mining is the process of mining NEVIX digital assets (NVX) by solving complex mathematical problems then finding new blocks and getting prizes from the system in the form of NVX.

  21. Digital Asset Delivery Limit is the minimum and maximum limit for sending Digital Assets to the other Digital Asset pockets per day. It is necessary to explain that each Verified Member Account will have a different shipping limit and be adjusted to these Terms and Conditions with the applicable Laws and Regulations.

  22. Project Listing is a list of available Projects in NEVIX. Verified Members can use/exchange their Digital Assets to support and fund desirable projects listed.

  23. Digital Asset Wallet is a component software and information for storing and using Digital Assets.

  24. KYC (Know Your Customer) Principles Principles is the process of evaluating prospective Member and Member to know the background and good faith in the actions that will be carried out in a Digital Asset trading activities.

  25. AML (Anti Money Laundering) is activity to anticipate and stop money laundering practices.

  26. GDPR (General Data Protection Regulation) is a form of legal instrument relating to Data Privacy that is applied to all companies in the world that have stored, prepared and processed personal data of European Union residents. This policy has to provide protection against the confidentiality of personal or individual data.

  27. Security System 2 (two) Steps (Two Step Verification) is a service provided by the NEVIX platform as an option for Verified Member in providing additional security for Verified Member Accounts.

REGISTRATION PROCESS
  1. Requirements to be a Member are

    • Member can process registration or Member registration through NEVIX platform
    • Agree and coincide to comply with these General Terms and Conditions
    • At least 18 (eighteen) years old, or married and
    • Have a legal identity.

  2. For each registration process, prospective Member must show all and every data in accordance with personal identity in the form:

    • Name (in accordance with the personal identity attached)
    • Home address according to identity
    • Current residence address
    • Telephone number or Mobile (number must be active and used personally)
    • Place and date of birth (according to the personal identity attached)
    • Citizenship
    • Gender
    • Photo of valid identity card. Identity cards that can be used are: Identity Card (KTP), Driver’s License (SIM), Passport, Limited Stay Permit (KITAS), and Limited Stay Permit (KITAP)
    • Work
    • E-mail (e-mail address) that is active

  3. And/or everything was requested and needed with regard to specified registration requirements, and the prospective Member hereby declare and guarantee that any data/explanation/document/information/statement given are related to registration process as Member NEVIX is complete, original, true and in accordance with actual situation and is the latest data/explanation/document/information/statement that has not been amended and is still valid/not expired and no changes or other conditions have been agreed based on internal policy registration page on Website.

  4. Member hereby agree that the process of becoming Member NEVIX will only be effective after all NEVIX requirements are fulfilled by the Member and the registration process has gone through the verification process to be approved by NEVIX. All risks arising in connection with the closing/blocking/freezing of Accounts caused by errors and/or negligence of Verified Member will be the responsibility of Verified Member and NEVIX will not compensate Verified Member or Party in any form for any claim/suit and compensation from Verified Member or any Party in connection with the closing of Verified Member.

  5. All data, explanation, information, statement, document obtained by NEVIX regarding the Member /Verified Member, will be the property of NEVIX and NEVIX have the right to verify, match, assess, keep confidential or use them for the benefit of NEVIX in accordance with the applicable legal provisions without obligation NEVIX to notify or request approval, provide guarantees or compensation and for any reason to the Member/Verified Member.

  6. NEVIX will regulate, manage and carry out supervise according to procedures specified by the NEVIX for all data, explanation, information, statement, document or anything related to the Member /Verified Member or the business activities or Member /Verified Member transactions related to Member /Verified Member.

  7. Member/Verified Member approves and authorizes NEVIX to use all data, explanation and information obtained by NEVIX regarding Member/Verified Member including but not limited to using Member/Verified Member’s personal communication facilities for all other purposes as long as possible and permitted by Legislation that applies, including those aimed at marketing for NEVIX or for other parties in collaboration with NEVIX. For data usage that requires the approval of other parties, Member/Verified Member declares that they have given written approval to any Third Party for use such data, explanation and information, and therefore NEVIX will not provide compensation and/or liability in any form to Member/Verified Member and any party for any risk, claim, suit and/or compensation that may arise in the future related to use of data, explanation and information that has obtained such written approval by NEVIX.

IDENTIFICATION AND MEMBER ACCOUNT
  1. Every Account opened will be administered by NEVIX based on the special identification according to the Member/Verified Member’s name which will also apply as the name/identity of Account as stated in the Member/Verified Member’s Member/Verified Member was prohibited from using a Member /Verified Member Account other than Member/Verified Member’s Account, or accessing other Member /Verified Member Accounts, or helping other people in order to get unauthorized access to the Account. All usage Member /Verified Member Account is the sole responsibility of the Account owner recorded in the Website system.

  2. Member /Verified Member must use and include Member /Verified Member email and password verified by NEVIX at registration. The NEVIX system will automatically reject the service process for the Account, if it is not accompanied by the correct email and password. Member /Verified Member are responsible for maintaining the confidentiality of password, Account, PIN, access Digital Asset pocket, email login access and all types of activities that include transactions in Member/Verified Member fully responsible for the use of passwords and Accounts in NEVIX. If there is password and/or Account usage without permission from the Member/Verified Member and other alleged violations occur, Member/Verified Member must contact NEVIX by sending e-mail to [email protected] accompanied by supporting information. NEVIX not responsible for losses incurred due to misuse of Accounts and/or passwords, with or without Member /Verified Member knowledge.

  3. Member/Verified Member agrees not to use the services provided by Website to commit criminal acts of any kind, including but not limited to, money laundering, gambling, the purchase of illegal goods, terrorist activities or hacking activities. Each Member/Verified Member who violates these rules can be dismissed and must be responsible for the losses suffered by NEVIX or other users inside Website. NEVIX has the right to close the Account and freeze funds, Digital Asset and transactions therein if it finds suspicious activities in the Account up to an indefinite time.

ACCOUNT MEMBER MEDIA INFORMATION
  1. Changes in Member /Verified Member Account Name

    Changes in Member /Verified Member Account Name can be carried out by a mechanism that is required to send the old and new name of Account owner, username, e-mail, telephone number, and identity card number used (KTP/SIM/Passport/KITAS/KITAP). NEVIX will carry out data matching process and will confirm to telephone number registered in Member /Verified Member Account to avoid the fraud. If the change process has passed, the Account name will change according to wishes of Member /Verified Member. With regard to change of name of this Account, Examples of allowed reasons are misspelling of names, wanting to change the name to the name of parent because they are not old enough. In the matter if the name of the Account owner still has relationship between relatives or parents, prospective Member /Verified Member are required to send soft-copy of the Family Card to [email protected] with subject ‘Complete Account Renaming Data’. If Member /Verified Member with the owner’s name is a conjugal relationship, prospective Member /Member /Verified Member is required to send soft-copy of the Marriage certificate.

  2. Changes in Supporting Data

    Changes and Updates of Supporting Data must be done by Member/Verified Member of data in the form of telephone numbers, e-mail addresses and other supporting data in accordance with current conditions. This is in accordance with KYC (Know Your Customer) Principles applied by NEVIX. Changes and Updates Data is carried out by sending e-mail with subject ‘Change Data’ to [email protected] by writing down what Member /Verified Member data wants to adjust along with the reason for the change. The change process must be accompanied by inclusion personal identity soft-copy, username, full name, address, e-mail, old data that you want to change and data changes. Furthermore, NEVIX will provide a notification by calling main telephone number or alternative telephone number that has been registered.

  3. Changes in Password

    Changes in Password is possible as a reason for security and the mechanism is available in this services. For the security reasons after replacing password, Member /Verified Member Account will be locked for 48 (forty-eight) hours. Member /Verified Member cannot withdraw funds when the Account is locked even though other transaction are running as usual. Member /Verified Member can reopen Member /Verified Member Account by re-entering the Authentic Google PIN or verify the SMS PIN on the “Security” menu.

PROCEDURES FOR NEVIX TRANSACTION
  1. Film Maker Verified Members as filmmakers can register their projects into the NEVIX Project Listing.

  2. Asset Holder Verified Members as Asset Holder can choose one of desirable projects in the Project Listing by voting on the project they wanted using NVX assets.

  3. Moviegoer VerifiedMembers as film connoisseurs can participate by giving vote on the project in NEVIX Project Listing as support for realizing the project.

TRANSACTION FEES

Transaction fees in NEVIX seen from the online process can be viewed periodically and change at any time based on the policy of NEVIX.

DISCLAIMER, DELAY, AND CANCELLATION OF TRANSACTIONS
  1. Nevix.net has the right to postpone and/or reject transactions if NEVIX knows or based on consideration, suspects that fraudulent activities and/or criminal actions have been and/or will be carried out.

  2. Member/Verified Member agrees and acknowledges that as long as it is permissible by applicable legal provisions, NEVIX must refuse to process all transactions.

  3. Member/Verified Member acknowledges that NEVIX complies with the Law on financial crimes, including but not limited to, the Law on the Eradication of Corruption Crimes and the Law of Money Laundering in force in Indonesia and internationally, all laws and regulations applicable in Indonesia and NEVIX internal policies. For this purpose, Member/Verified Member hereby agrees to provide all information requested by NEVIX in order to fulfill these laws and regulations including but not limited to name, address, age, gender, personal identity statement, income, employment, assets, debt, source of wealth, purpose of opening an Account, investment objectives, all financial plans or other related financial information from Member/Verified Member. If needed by NEVIX, Member/Verified Member also agrees to provide the latest data about that information to NEVIX.

  4. NEVIX is obliged to comply with the laws, regulations and requests of community institutions and the governments in different jurisdictions relating to the prevention of financing for, namely, terrorists and sanctioned parties. This can cause NEVIX to intercept and investigate all payment orders and other information or communications sent to or by Member/Verified Member, or on behalf of the Member/Verified Member through the NEVIX system. This process can also involve NEVIX to conduct further investigations to determine whether the name that appears in all transactions carried out or will be carried out by the Member/Verified Member through the Account is the name of the terrorist.

  5. NEVIX will not be responsible for any loss (directly and including but not limited to profit or interest loss) or loss suffered by any party arising from delay or negligence from NEVIX to process all payment orders or other information or communication or to carry out all other obligations, which are caused in whole or in part by all actions taken based on number 4 of the Transaction’s Rejection and Delay provisions.

  6. NEVIX is authorized to monitor Member/Verified Member Accounts in order to prevent financial crime.

  7. Member/Verified Member understands and agrees that every transaction done by the NEVIX is final and no cancellation can be made by Member/Verified Member.

SUSPICIOUS TRANSACTION
  1. In the event of a suspicious transaction made through NEVIX service, NEVIX has the right to terminate/deactivate NEVIX Account on Member /Verified Member and block transaction funds and delay transactions to Member /Verified Member, until there is a notification from NEVIX.

  2. In the event of a suspicious transaction and/or transactions that exceed the transaction volume limit set by NEVIX for Member/Verified Member for any reason, then NEVIX has the right to delay crediting funds to the NEVIX Member /Verified Member Account and/or do blocking the Account Member /Verified Member until the investigation process is completed within the period specified by NEVIX.

  3. If it is proven that transaction in numbers 1 and 2 above about suspicious transaction is a transaction that violates the SKU and/or legislation in force, then Member /Verified Member hereby authorizes NEVIX to debit Digital Asset at NEVIX Digital Pocket to compensate for NEVIX losses arising from the transactions, without prejudice to the right to make compensation claims for all losses incurred due to the transaction and Member /Verified Member hereby agrees that NEVIX isn’t obliged to refund NEVIX credit or blocked funds as referred to in number 2 provisions concerning this suspicious transaction.

NEVIX SUPPORT SERVICES

NEVIX provides services in Mobile Application (hereinafter referred to as “Cellular Application“), with the following conditions:

  1. In regard to the use of Cellular Application by the Member /Verified Member and user, NEVIX has the right to request and collect the information regarding the mobile devices that are used by Member /Verified Member to access the Cellular Application provided including but not limited to the hardware, operating systems, unique device identifiers, cellular Network information also includes the personal data such as e-mail addresses, addresses, cell phone numbers, aliases, passwords, PIN codes and other information needed to use this mobile application service

  2. This Cellular Application has been tested by NEVIX researchers and developers and in its use, NEVIX calls for caution in its use and NEVIX cannot guarantee the performance and this Cellular Application always runs with the desired results

  3. NEVIX and Developer are not responsible and are not bound to any form of profit or loss that may occur as a result of using this Cellular Application. Benefits referred to increasing number of balances in the form of Digital Asset. As for the intended losses, these include but are not limited to the: reduced balance in Digital Asset, failure to execute the API and all orders, network/signal problems, occurrence error on the system or error caused by factors in other forms

  4. In the use of Cellular Application, Member /Verified Member or User has agreed that in any circumstances, Member /Verified Member is prohibited from: doubling, copying, reproducing, translating, changing the system, modifying, removing the installation, removing the arrangement or trying to divert source code of this software product

  5. All decisions in the use of this Cellular Application are decisions that are voluntary or independent made by the Member /Verified Member or User without coercion from the NEVIX and the Developer. For this matter, the Member /Verified Member or User releases NEVIX and the Developer of all forms of claims, compensation and all responsibilities in any form

  6. The Member /Verified Member or User states that they understand the limitations of the security and privacy but are not limited to: (i) limitations on security, privacy and authentication size and features in service; and (ii) all data and information in services may lead to eavesdropping, forgery, spam, sabotage, password piracy, interference, fraud, electronic abuse, hacking, and system contamination, including but not limited, viruses, worms, and Trojan horses, which cause the invalidity, damage, or dangerous access, and/or restore information or data on Member /Verified Member computers or other security and privacy hazards. If the Member /Verified Member do not want to be subject to these risks, Member /Verified Member was recommended not to used Cellular Application or this service.

COMPLAINT HANDLING STANDARDS

Member/Verified Member Complaints are related to data violation notifications and/or if problems occur about ownership of Digital Asset owned by Member/Verified Member. If these problems occur, the following mechanisms that must be done by Member/Verified Member include:

  1. Regarding Member/Verified Member complaints, Member/Verified Member has the right to notify NEVIX with the following conditions:

    • If Member/Verified Member receives the spam, all forms of wild advertisements and/or electronic mail on behalf of the names other than NEVIX that request personal data and/or disturb the comfort of Member /Verified Member
    • If there is a crime practice of theft and fraud of Digital Asset which results in the loss of Digital Asset in the Member/Verified Member Account
    • If there is an alleged violation of Member/Verified Member data by another party that is not explained in points A and B above.

  2. Member/Verified Member can submit a complaint by filling out the complaint form provided by the NEVIX. The complaint form could be downloaded directly at https://Nevix.net which we provide or can be downloaded here.

  3. With regard to the practice of misusing Member/Verified Member data by other parties which results in spam or skimming practices, Member/Verified Member can request complaints by the following mechanism:

    • As indicated in point 2, the Member /Verified Member can make a complaint by filling out the complaint form that we have provided and could send to the email [email protected]
    • We will immediately follow up the report by handling complaints within 3 x 24 hours.
    • If within that period, Member /Verified Member does not get service from us, then the Member /Verified Member could send the complaint form back to the email [email protected] and/or contact through NEVIX representative office.

  4. Regarding the loss of Digital Asset in Member /Verified Member Accounts as a result of criminal offenses practices of electronic parties by other parties, Member /Verified Member can make complaints with the following mechanism:

    • As indicated in point 2, the Member /Verified Member can make a complaint by filling out the complaint form provided.
    • This report will be carried out by the initial handler where the Account will be suspended by the reported party (the unexpected party) that holds or retrieves the Member /Verified Member Digital Asset.
    • The admin will forward your complaint report to the legal team to process further handling. The next handling is in the form of clarification with the reported party (the unexpected party).
    • If this clarification stage is successful where the reported party gives a response, mediation will be carried out with reporting party (in this case Member /Verified Member who reports).
    • If the mediation is unsuccessful then it will proceed through the report to the local police and we will prepare the requested data.

  5. All decisions in the use of this Cellular Application are decisions that are voluntary or independent made by the Member /Verified Member or User without coercion from the NEVIX and the Developer. For this matter, the Member /Verified Member or User releases NEVIX and the Developer of all forms of claims, compensation and all responsibilities in any form.

  6. The Member /Verified Member or User states that they understand the limitations of the security and privacy but are not limited to: (i) limitations on security, privacy and authentication size and features in service; and (ii) all data and information in services may lead to eavesdropping, forgery, spam, sabotage, password piracy, interference, fraud, electronic abuse, hacking, and system contamination, including but not limited, viruses, worms, and Trojan horses, which cause the invalidity, damage, or dangerous access, and/or restore information or data on Member /Verified Member computers or other security and privacy hazards. If the Member /Verified Member do not want to be subject to these risks, Member /Verified Member was recommended not to used Cellular Application or this service.

STATEMENT AND GUARANTEE
  1. All services inside the Website does not provide any warranty or guarantee and the NEVIX does not guarantee that Website will always be accessible at any time.

  2. Member /Verified Member states and guarantees that they will use NEVIX services properly and responsibly and not take actions that are contrary to the laws, rules and regulations that apply in the territory of the Republic of Indonesia.

  3. Member /Verified Member states and guarantees not to use NEVIX services in the sale of goods and/services related to:

    • Narcotics, materials and/or chemicals for research; Money and anything similar to money, including derivatives; Goods and/or services that violate Intellectual Property Rights; Ammunition, firearms, explosives, sharp weapons in accordance with applicable legal provisions;Goods and/or services that show the personal information from Third Parties that violate applicable laws
    • Support for Ponzi schemes and matrix programs
    • Goods and/or services related to lottery purchases, lay-away systems
    • Services related to bank that are outside the territory of the Republic of Indonesia
    • Credit card payments
    • Settlement of credit and/or debt settlement
    • Support for prohibited organizations or prohibited by the government.

  4. Member /Verified Member declares and guarantees not to use services for the actions involved in practice of gambling and/or other activities that charge entry and promising prizes, including but not limited to casino games, gambling in sports, businesses that facilitate gambling and lottery methods.

  5. Member/Verified Member declares and guarantees that all the data, information and documents provided by Member/Verified Member to NEVIX are true, legal, honest, transparent, complete and accurate data, information and documents. Member/Verified Member states that they are willing to be prosecuted in the criminal manner and if the NEVIX knows or obtains information from any party that the data, information and documents provided by Member/Verified Member turns out to be untrue/not true/false. Member are willing to update data/information (profile update) if at any time requested by NEVIX and all documents have been given become fully owned by NEVIX.

  6. NEVIX has provided sufficient information and explanation regarding NEVIX services that will be used by Member/Verified Member in accordance with provisions in SKU and Member/Verified Member have understood and understood and willing to bear all consequences that may arise in connection with the use of NEVIX services including benefits, risks and costs inherent in services.

  7. Member /Verified Member hereby agrees and authorizes NEVIX to use all the data, explanation and information obtained by the NEVIX regarding Member /Verified Member including but not limited to the use of Member/Verified Member’s personal communication facilities for all other purposes as long as possible and permitted by applicable legislation, including those aimed at marketing the NEVIX products or other parties, in collaboration with NEVIX. For data usage that requires approval of other parties, with this Member /Verified Member stating that there has been written approval from any third parties for the data usage, explanation and information, and therefore Member /Verified Member guarantees and agrees that NEVIX will not provide compensation and/or liability in any form to the Member /Verified Member or any party of risks, losses, demands and/or responsibilities that may arise in the future in connection with data usage, explanation and information that has obtained such written approval by NEVIX.

  8. Member /Verified Member declares and guarantees that transactions carried out using NEVIX services are transactions that do not violate provisions of prevailing laws and regulations and provisions regarding receipt of the transaction implementation as stipulated in SKU. In the event that NEVIX finds indications of transactions that are not in accordance with the provisions of the applicable legislation and/or provisions regarding acceptance of transactions arranged in SKU, then NEVIX has full rights to close the Member /Verified Member Accounts by disabling NEVIX services on the Member /Verified Member and the Member /Verified Member hereby agrees that NEVIX hereby will not provide compensation and or liability in any form to the Member /Verified Member or any party for claim and/or demands arising in connection with the deactivation of the NEVIX service on the Member /Verified Member.

  9. Member/Verified Member states and guarantees that risks to use of services, products and promotions of Third Parties with Member /Verified Member (if any), are borne by Member /Verified Member , and Member /Verified Member states that NEVIX is not responsible for the service and the performance of Third Party services.

  10. Member/Verified Member hereby are fully responsible and agree that NEVIX will not provide compensation and or liability in any form to Member /Verified Member or any party for any losses and or claims and or demands that arise or may be experienced by NEVIX as a result of negligence or failure of Member /Verified Member in carrying out transactions.

  11. Member/Verified Member hereby guarantees the NEVIX that the Member/Verified Member along with all employees and/or other parties work with the Member /Verified Member will not reproduce and/or make, give, rent, sell, move, transfer, and/or switch NEVIX services either partially or wholly to other parties for any reason, including but not limited to misuse of Nevix.net services to make transactions other than those specified in SKU for any purpose, including but not limited to crime/fraud /deception. If Member /Verified Member violates these provisions, then Member /Verified Member must be responsible for any losses, claims and/or suits arising from these violations and hereby agree that NEVIX will not provide compensation and or liability in any form to the Member /Verified Member or any party for any claims or demands and/or claims arising from the violation.

  12. As a form of our commitment and compliance with GDPR, NEVIX guarantees that together with the General Terms and Conditions (SKU) that:

    • NEVIX continues to be committed and guarantees of our Member /Verified Member personal data and will act decisively if the other parties have used our Member /Verified Member information data
    • NEVIX guarantees transfer of cross-border Digital Asset
    • NEVIX always applies protocols and mechanisms in the form of permission requests and approvals or notifications to Member /Verified Member for all forms of data processing in marketplace in depositing, withdrawing and/or updating data.

RESPONSIBILITY

Member/Verified Member agrees to bear any risks, losses or consequences suffered by the Member/Verified Member caused by, among others:

  1. Damage, delay, loss or error in sending order and communication, electronically caused by Member/Verified Member

  2. NEVIX Account report or notification of the use of NEVIX services sent to the Member/Verified Member is received or read or misused by an unauthorized party on the NEVIX Account,

  3. Account password known to other people/parties for Member/Verified Member errors,

    • Member/Verified Member understands and agrees that Member /Verified Member will use NEVIX Accounts and services for transactions that do not conflict with applicable laws and/or NEVIX internal policies and/or other regulations that apply nationally and internationally related to the execution of the transaction, either directly or indirectly, and NEVIX will not provide compensation and/or liability in any form to the Member /Verified Member or any party for any claims and/or claims and/or losses arising in connection with use of NEVIX services by Member /Verified Member for transactions that are categorized as suspicious transactions and/or transactions that are prohibited by provisions of laws and/or NEVIX internal policies that apply and/or other regulations that apply both nationally and internationally that are related to transaction activities carried out by Member/Verified Member directly or indirectly.
    • In conducting transactions using NEVIX service, Member /Verified Member understands and agrees that there are certain sanctions imposed by government, including other State governments and/or the other authorized agencies on several countries, bodies and individuals. Refer to this, NEVIX has the right not to carry out/process transactions that are a violation of provisions of sanctions, and competent authorities can require disclosure of related information. NEVIX is not responsible if Nevix.net or other parties fail or delay the execution of the transaction, or disclosure of information as a result of direct or indirect violations of the sanction provisions.

RISK
  1. Digital Asset Trading is the high-risk activity. Digital Asset Price are volatile, where prices can change significantly over time. In connection with price fluctuations, value of Digital Asset can increase or decrease significantly at any time. All Digital Asset or not, have the potential to experience a change in the value drastically or even become meaningless. There is high risk of loss as a result of buying, selling or trading anything on the market and NEVIX is not responsible for changes in fluctuations in Digital Asset exchange rate.

  2. Digital Asset Trading also has additional risks not experienced by Digital Asset or other commodities on the market. Unlike most currencies guaranteed by government or other legal institutions or by gold and silver, digital asset are a unique Digital Asset and are guaranteed by the technology and trust. There is no central bank that can control, protect the value of Digital Asset in a crisis, or print the currency.

  3. Member /Verified Member is encouraged to be careful in measuring financial situation and ensure that Member /Verified Member is willing to face risks involved in selling, buying or trading Digital Asset. Member /Verified Member is strongly advised to carry out personal research before making a decision to trade Digital Asset. All decisions on trading Digital Asset are independent decision by user consciously without coercion and release NEVIX for trading activities in Digital Asset.

RESTRICTION

Without reduce the intent of provisions regarding restrictions contained in the SKU, the Member/Verified Member is prohibited from doing the following:

  1. Member /Verified Member was not permitted to take actions that can cause harm to NEVIX and/or contrary to the SKU and applicable laws and regulations.

  2. If Member /Verified Member violates one or several conditions in this provision, then the Member /Verified Member will be fully responsible and hereby agree that for such violations NEVIX has right to limit use NEVIX services and Member /Verified Member knows and agrees that the NEVIX will not provide compensation and/or liability in any form to that Member /Verified Member or any party for any risks or consequences arising from restrictions on the use of these services. Member /Verified Member hereinafter obliged to pay compensation to NEVIX in the amount of the value of the loss that NEVIX might experience for the violation. Member /Verified Member hereby authorizes NEVIX to debit Member /Verified Member Accounts for such compensation payments. In the event that funds in Member /Verified Member Account are not available and/or insufficient, then the Member must return all of the funds in cash to NEVIX within no later than 7 (seven) working days from the time NEVIX submits that claim.

CONFIDENTIALITY

While working with NEVIX and at any time afterwards, then:

  1. Any information and/or data provided by NEVIX to Member /Verified Member and or data obtained by Member /Verified Member as implementation of SKU either given or delivered verbally, written, graphically or delivered through electronic media or information and/or data in other forms during the course of the conversation or during other work are confidential (hereinafter referred to as “Confidential Information“)..

  2. Member /Verified Member agrees and coincidences that at any time keep confidential information obtained as an implementation of cooperation with anyone or will not use it for the interests of Member /Verified Member or the interests of other parties, without first obtaining written approval from the authorized official from NEVIX or other authorized parties in accordance with applicable legal provisions.

  3. If Member /Verified Member violates provisions referred to in number 1 and 2 of the provisions regarding this confidentiality then all losses, claims and/or suits experienced by NEVIX are full Member /Verified Member responsibility, and at the first request of NEVIX, Member /Verified Member is obliged to settle it in accordance with the applicable legal and statutory provisions and provide compensation that may arise from violation to NEVIX. Member /Verified Member hereby agrees that NEVIX will not provide any form compensation and/or accountability to Member /Verified Member or any party for claim and/or suit may arise in the future in connection with violation.

  4. The obligation to keep confidential information as referred to in number 1 and 2 as regarding the confidentiality becomes invalid if:

    • Such confidential information becomes available to the public.
    • Confidential information is ordered to be opened to fulfill the order of court or other authorized government body.
    • Confidential information is provided in accordance with applicable legal provisions.

  5. Member /Verified Member agrees to make every effort and take action needed to avoid third parties in gaining access to or resulting in disclosure of confidential information.

  6. In the event that the collaboration is over, Member/Verified Member agrees that the obligation to keep documents and material that is confidential information as stipulated in this provision will remain valid.

DEFAULT
  1. Member /Verified Member agrees that Default is the following thing or event:

    • Default.
    • If Member/Verified Member is negligent in carrying out an obligation or violates a provision in the SKU.
    • Incorrect Statement.
    • When it turns out that statement or guarantee given by Member /Verified Member in the SKU – is incorrect or not in accordance with the reality.

  2. In the event of an occurrence of negligence based on number 1 the provisions of this negligence by Member /Verified Member , then NEVIX can choose whether to continue or close Member /Verified Member If NEVIX wishes to close Member /Verified Member Account, then request must be notified to Member /Verified Member at a reasonable time according to NEVIX.

  3. In the event of an occurrence of negligence by Member/Verified Member as intended, then Nevix.net has the right to immediately deactivate Member /Verified Member Account on NEVIX without having to make the prior notice to Member /Verified Member , and Member /Verified Member hereby agree that NEVIX will not provide compensation and/or liability in any form to Member /Verified Member or any parties for all demands and/or claims and/or suits and/or compensation requests from parties that may arise in connection with the occurrence of such negligence.

INTELLECTUAL PROPERTY RIGHTS
  1. Member /Verified Member declares and agrees NEVIX as the holder of ownership rights to services, software, technology tools and content, websites and other materials including Intellectual Property Rights related to the NEVIX facility.

  2. Member /Verified Member only allowed to view, print and/or download material copy from Website for personal and non-commercial use. All commercial uses need to get permission from NEVIX. Every commercial activity without permission from the NEVIX is interpreted as a violation of NEVIX Intellectual Property Rights and results in the termination of the NEVIX Account on Member /Verified Member.

MEMBER ACCOUNT BLOCKING AND FREEZING
  1. To implement precautionary principle, NEVIX has the right and Member /Verified Member hereby authorize NEVIX to block part or all of Member /Verified Member balance (hold amount) and/or debit and terminate Account, if the following occurs:

    • In the opinion and consideration of NEVIX there was an error in receiving transactions
    • NEVIX is used as a shelter that is indicated as a result of crime including but not limited to the Corruption, bribery, narcotics, psychotropic, labor smuggling, people smuggling, banking, capital market, insurance, customs, excise, human trafficking, arms trading darkness, terrorism, kidnapping, theft, embezzlement, fraud, forgery, gambling, prostitution, taxation and terrorism
    • Member /Verified Member considered negligent in performing obligations based on the SKU
    • NEVIX policy or by the government or authorized agency or the applicable regulations, so NEVIX required to block and or freeze NEVIX Account.

  2. In the event of account termination, Member /Verified Member agrees and states that is willing to remain bound by SKU to stop using NEVIX services, give Nevix.net right to delete all information and data in NEVIX servers, and declare NEVIX not responsible to Member /Verified Member or Third Party for termination of access and deletion of information and data in Member /Verified Member.

TAX

Those taxes on trading activities of Digital Asset are taxes borne by each activity actor, in this case Member /Verified Member and NEVIX. Member /Verified Member can consult tax payments to Personal Tax Consultants, and NEVIX does not cover Member /Verified Member taxes unless otherwise specified in these Terms and Conditions.

FORCE MAJEURE
  1. Force Majeure is defined as events that occur outside of NEVIX capabilities and power, which affect the execution of transactions, including but not limited to:

    • Earthquakes, hurricanes, floods, landslides, volcanic eruptions and other natural disasters
    • War, demonstrations, riots, terrorism, sabotage, embargoes and mass strikes
    • Economic policies from the Government that affect directly

  2. As long as NEVIX has carried out all its obligations in accordance with applicable laws and regulations relating to the occurrence of Force Majeure, NEVIX will not provide compensation and/or liability in any form to the Member/Verified Member or any other parties for any risks, responsibilities and demands anything that may arise in connection with the delay or failure to carry out obligations due to Force Majeure.

NOTIFICATION
  1. Member /Verified Member agrees to communicate with the NEVIX in electronic format, and agrees that all terms, conditions, agreements, notices, disclosures or any other forms of communication provided by NEVIX to Member /Verified Member are electronically considered as written.

  2. Member /Verified Member agrees to receive e-mail from the Website. E-mail sent can contain information about Accounts, transactions, systems, promotions and so on.

DISPUTE RESOLUTION

Any conflicts, disputes or opinion differences (hereinafter referred to as “Disputes“) arising in connection with the implementation of cooperation will be settled in the following ways:

  1. That every Dispute, as far as possible, will be resolved by means of deliberation to reach consensus.

  2. Any Disputes that cannot be resolved by deliberation will be resolved through Bandung District Court.

LEGAL DOMICILE

SKUs are made, interpreted and enforced based on the laws of the Republic of Indonesia. Nevix.net and Member /Verified Member agreed to choose a common and unchanging legal residence at the Registrar’s Office of Bandung District Court.

MISCELLANEOUS
  1. This SKU is subject to and enforced based on the Acts Number 8 of 2010 about the Money Laundering and PPATK Head Regulation PER-09/1.02.2/PPATK/09/12, No.PER-12/1.02/PPATK/06-13, No.PER-12/1.02.1/PPATK/09/11 and No.PER-02/1.02/PPATK/02/2014. All transactions with nominal value above Rp100,000,000.- (one hundred million Rupiah) are required to report the transaction to the PPATK.
  2. For things that have not been regulated in the SKU, all provisions in the Civil Code and the provisions of other relevant laws and regulations will apply.
  3. If NEVIX changes the contents of this SKU then NEVIX will notify changes to the Member /Verified Member in accordance with the applicable laws and regulations through media notices that are considered good by NEVIX then Member /Verified Member will be subject to the changes to the SKU. Changes to each attachment from the SKU will be agreed upon and hereinafter constitute a unity with and are an integral part of the SKU.
  4. If Member/ Verified Member does actions outside of SKU provisions, Member / Verified Member will be fully responsible and hereby agrees that NEVIX will not provide compensation and/or liability in any form to Member /Verified Member or any party to all demands and/or claims and/or suits submitted by other party in connection with the actions taken by Member /Verified Member.
  5. Member /Verified Member shall be comply with all requirements listed in the SKU. Member /Verified Member Negligence comply with or implementing contents of SKU on one or several occasions will not eliminate Member /Verified Member obligation to fulfill all the requirements contained in the SKU.
  6. The questions about the Terms and Conditions or other matters, are made through [email protected]