Terms of Service

Chapter 1: General Provisions

Article 1 [Purpose]
These terms and conditions are for the purpose of MBD, a cryptocurrency transfer exchange service developed and provided by Mobydick (hereinafter referred to as the company).

Article 2 [Definition of Terms]
Definitions of terms used in these Terms and Conditions are as follows. And the meaning of terms in these Terms and Conditions not defined herein shall be in accordance with general business practice.

1. MBD refers to all cryptocurrency transfer exchange services and related supplementary services operated by the company.

2. Cryptocurrency refers to information that exists electronically in the blockchain network, and refers to Ethereum and other encrypted value storage means that can be purchased from MBD services. However, the types of cryptocurrencies that can be purchased are limited, and the company may add or delete the types of cryptocurrencies that can be purchased after public announcement through the website.

3. Cryptocurrency wallet is a means of sending and receiving cryptocurrency within the MBD service and as a storage space for cryptocurrency, unique information allocated to members for the purpose of identifying members during the period of use contract.

4. Blockchain is a public transaction ledger based on distributed ledger technology, and it is a technology form that is the basis of cryptocurrencies that can be purchased within the MBD platform.

5. A blockchain network is a chain of distributed nodes that store and verify the data of the corresponding block chain, and it is a means of verifying the ledger and transmission details that store the cryptocurrency and transmission details sent and received when using the MBD service.

6. Transfer is the act of sending cryptocurrency from one cryptocurrency wallet to another cryptocurrency wallet on the blockchain network. However, off-chain payments that send cryptocurrency without using a blockchain network are also included in the scope of this transmission.

Article 3 [Effect and Amendment of Terms and Conditions]
1. Agreeing to these terms and conditions has the same effect as the conclusion of a contract made by the mutual seal of the parties.

2. If any or all of these terms and conditions need to be revised, the company and the franchisee may change them in accordance with prior written agreement. However, the contents specified in the Terms and Conditions to be announced or published through MBD Wallet can be changed only through website notification or publication according to the company's policy judgment without changing the terms and conditions.

Article 4 [Scope of Service]
The scope of these terms and conditions is as follows:

1. All transactions, purchases, and settlements that occur through the MBD platform provided by the company

Chapter 2 Use Agreement and Information Protection

Article 5 [Membership, etc.]
1. Those who wish to register and use the MBD service provided by the company (hereinafter referred to as the registration applicant) must agree to these terms and conditions and register necessary matters such as identity information according to the registration application form set by the company. In this case, the company may request additional information from the registration applicant. -Required fields: name, e-mail, contact information, date of birth, gender

2. The term of the contract of use is one year from the date the member agrees to these terms and conditions, and if there is no written notice from either party that the contract is terminated at the same time as the period expires 30 days before the expiry of the term, it is the same as the previous contract of use. It is automatically renewed for 1 year.

Article 6 [Protection of Personal Information]
The company cannot use the information provided by the member for the contract of use for any purpose other than the purpose of operating the service of the company agreed to by the member, and when a new purpose of use occurs or when it is provided to a third party, the use and provision stage will notify the member of the purpose, etc., and obtain their consent. However, this is not the case if the relevant laws and regulations stipulate otherwise.

Article 7 [Termination of Contract]
The company or member may terminate the contract of use in any of the following cases.

1. In case either the company or the member violates or fails to fulfill each provision of the contract of use

2. In the event that it is impossible to renew the contract due to a change in the contents of the use contract

3. In other cases where it is practically impossible to perform this contract due to the enactment or amendment of laws and regulations, government policies, inspections and investigations by government authorities such as financial supervisory agencies, etc.

4. In case of false registration of membership information at the time of registration

Chapter 3 Contents of Services

Article 8 [Content of Service]
1. The company allocates company-owned cryptocurrency wallets to members who subscribe to the MBD service. However, this assignment is for the purpose of identifying members as members of the MBD service.

2. Members may have a large number of general and unspecified publics (hereinafter referred to as the public) transmit cryptocurrency to the cryptocurrency wallet allocated by the company. In this case, the company cannot selectively approve the sender by specifying or identifying the sender because the blockchain and blockchain network of the MBD service has not been given the procedure or function to select or approve the sender.

Chapter 4 Service Fee
Chapter 5 Other Matters
Article 10 [Company's Indemnification]
The company does not have any method of redressing at all due to the nature of the block chain network for damage caused by the public sending cryptocurrencies other than those previously announced that they can be purchased through the MBD app to the cryptocurrency wallet. All damages caused by morning delivery are borne by the sender.

Article 11 [Other Provisions]
1. The company and HE1 cannot transfer or transfer all or part of the rights and obligations under the use contract or individual contract to a third party without the explicit consent of the other party.

2. In accordance with the contract, agreement, notice, etc. additionally written by agreement between the parties in relation to these terms and conditions, the company's policy changes, the enactment or revision of laws and regulations, or the announcements and guidelines of public institutions, the company notifies the members through the MBD wallet. The content also forms part of these Terms.

Article 12 [Governing Law and Jurisdiction]
1. The interpretation and application of these terms and conditions shall be governed by the laws of the Republic of Korea.

2. In the event of a dispute between the parties in relation to these Terms and Conditions, the Seoul Central District Court shall be the exclusive jurisdiction of the first instance.

These terms and conditions are effective from 20 September 2020