Terms and Conditions


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Service Terms

1. www.silkchain.io is the only official website of SilkChain. All investors and supporters of SilkChain can sign up their own official accounts through this website. International Trade Digitalization Commission(ITDC)is the only legal owner of the SilkChain and this official website. 

2. This website is not open to member from ICO prohibition countries (include but not limited to Iraq, China, Iran......) 

3. As a signed-up member, you should ensure that you are the legal owner of the account. At the same time, all your trading should not infringe the rights of any third party or break the law. 

4. Within the scope permitted by law, this website will not responsible for the member’s loss of profit, loss of revenue, loss of business and data loss, unless the loss is caused due to this web site in violation of the terms of service. 

5. This website will not responsible for any loss caused by network failure, network interruption or network latency, and any other not normal visit. 

6. The links to other web site provided by a third party in our website is only used to provide information, we cannot be responsible for the content of this web site, or responsible for the loss caused by using its content. 

7. If there is a fraud or other illegal ACTS, this website will provide all the necessary members’ information to the relevant regulatory authorities. When regulators want to investigate fraud or other illegal ACTS, the members' account may be frozen. 

8. Bonus hunters are unacceptable in this website. If there are any acts of abnormal bonus getting, this website will block up the members’ account without any compensation and will not responsible for the members’ loss of profit, loss of revenue, loss of business and data loss. 


Membership Agreement 

SilkChain and members, intending to be legally bound, and in consideration of the mutual promises and covenants contained herein, agree as follows:  

1. It is deemed that the members and SilkChain have reached the full agreement of "membership agreement" (hereinafter referred to as "this agreement") when members click the "register now" button of SilkChain official website (hereinafter referred to as “this website”) registration page and complete the registration process to obtain SilkChain website account and password. 

2. SilkChain and its members have carefully read all the terms of this agreement, to know, understand and accept this agreement and the foregoing terms of service. The content of this agreement includes the text of this agreement and various rules, statements and instructions that have been published or may be published in the official website of SilkChain. All rules, statements and instructions shall be an integral part of this agreement and shall have the same legal effect as the text of this agreement. 

3. This agreement does not involve any legal relations or legal disputes arising from the transaction between members of the SilkChain and other members. 

Definition 

1. “SilkChain”: Domain name is www.silkchain.io. International Trade Digitalization Commission(ITDC)is the only legal owner of the SilkChain and this official website. In the following part of this agreement, "SilkChain" refers to both the website www.silkchain.io  and the ITDC. 

2. “Members”: Members who sign up through the official website of SilkChain, accept and agree to all the terms and conditions of this agreement, as well as the terms and conditions published or updated by the official website of SilkChain from time to time. 

3. “Membership Sign Up”: Membership sign up refers to the process in which members log on the official website of SilkChain, fill in relevant information as required, confirm and agree to perform relevant membership agreements. 


Membership Sign Up


2.1 Sign Up Qualification

Members promises: Members with full capacity for civil rights and capacity. Or members not have full capacity for civil rights and capacity, but when members click agree to sign up button, this website will deem this action to be approved by members’ legal agent and sign up by his/her legal agent to use this website. 

2.2 Sign Up Purpose 

Members promises: Membership sign up is not conducted for the purpose of violating laws and regulations or undermining the operation of SilkChain official website. 

2.3 Sign Up Process

2.3.1 Members agree to provide effective information such as E-mail, phone number and setting website account and password according to the requirement of website membership sign up page. Members shall ensure the authenticity, integrity and accuracy of all information provided. 

2.3.2 The member who provide the information legally, completely and effectively, have the right to obtain SilkChain website account and password and log on the SilkChain official website. 

2.3.3 It is deemed that the members sign up success when obtained the website account and password. Meanwhile, it means members agree to receive emails and messages related to the management and operation of the official website of SilkChain. 


Membership Service 

This website provides members with platform services for investing in or supporting SilkChain. 

3.1 Service Content

3.1.1 Members have the right to browse information related to SilkChain on this website. 

3.1.2 Members have the right to check the information under the membership account of this website and have the right to use the functions provided by the official website of SilkChain for operation. 

3.1.3 Members have the right to participate in the website activities organized by the official website in accordance with the activity rules published by the official website of SilkChain. 

3.1.4 Other services SilkChain official website promises for its members. 

3.2 Service Regulation

Members promise to abide by the following service rules of SilkChain official website: 

3.2.1 Members shall abide by laws, regulations, normative documents and policy requirements to ensure the legitimacy of the SilkChain account. It is not allowed to engage in illegal or other activities on this website or use this website to harm the SilkChain official website or the rights and interests of third parties. Such as sending information that violates laws, regulations, public order, good customs and infringes upon the rights and interests of others, sending pyramid selling materials or other harmful information or comments, using or forging the email header information of the SilkChian official website without the authorization of SilkChain……

3.2.2 Members shall abide by laws and regulations and shall properly use and keep accounts and passwords on the SilkChain official website, and ensure the security of binding mobile phone number, email and related authentication code. Members shall be fully responsible for any operation and consequences of using their SilkChain official accounts and passwords, mobile phones and email verification codes. Members shall immediately and effectively inform SilkChain and require SilkChain freeze the account when members found SilkChain website account, password and verification code used by the third party without being authorized or existing other account security problems. SilkChain has the right to take action on the urgent requests of its members within a reasonable time, but SilkChain will not take any responsibility for the losses of members before taking action. Members shall not give the official account of SilkChain to others by gift, loan, lease, transfer or other means without the consent of SilkChain. 

3.2.3 Members shall abide by the membership agreements and other service terms and operating rules published and updated by the SilkChain official website from time to time. 

Transaction Rules 

Members promise to abide by the following regulations of SilkChain official website when using SilkChain official website. 

4.1 Browse Transaction Information

Members should carefully read all the contents contained in the transaction information when members browse the trading information on the SilkChain official website, including but not limited to Silk price, transaction fee and withdrawal address. Members should fully accept all information contained in the transaction information before clicking the button for transaction. 

4.2 Check Transaction Details

Members can check the corresponding transaction records through the transaction details on the official website and confirm their transaction details. 

4.3 Cancel/Modify Transaction Information 

Members have the right to cancel or modify the transaction information at any time before the deal is reached. 

Members’ Rights and Obligations

5.1 Members have the right to accept the rules of the SilkChain official website in accordance with this agreement. 

5.2 Members have the right to terminate the use of SilkChain official website at any time. 

5.3 Members have the right to withdraw the balance on the SilkChain official website, but they need to pay the corresponding withdrawal fee to SilkChain. 

5.4 Members should responsible for the authenticity, validity and security of the personal data provided during sign up on the SilkChain official website. 

5.5 When conducting transactions on the SilkChain official website, members shall not maliciously interfere with the normal operation of SilkChain transactions or disrupt the transaction order. 

5.6 Members shall not interfere with the normal operation of the SilkChain official website by any technical means or other means or interfere with other members' use of the SilkChain official website. 

5.7 Members shall not maliciously denigrate the commercial reputation of SilkChain official website by fabricating facts. 

SilkChain’s Rights and Obligations

6.1 If the member does not have sign up qualification as agreed in this agreement, SilkChain has the right to refuse the sign up of members and cancel the SilkChain official website account of signed up members. SilkChain have the right to claim compensation from the aforementioned members or their legal representatives for losses incurred thereby. Meanwhile, SilkChain reserves the right to decide whether to accept membership sign up under any other circumstances. 

6.2 SilkChain finds that the account user is not the initial registrant of the account and has the right to suspend the account. 

6.3 When SilkChain confirms that the information provided by members is wrong, false, invalid or incomplete through technical testing, manual sampling inspection and other detection methods, SilkChain has the right to inform members to correct, update or suspend or terminate the service related to SilkChain. 

6.4 SilkChain reserves the right to correct any information displayed on the official website if any obvious error is found. 

6.5 SilkChain reserves the right to modify, suspend or terminate the content of its official website at any time. SilkChain official website shall not inform members in advance of the right to modify or terminate the service. When SilkChain terminates one or more services of the official website, the termination will take effect from the day when the official website publishes the notice of termination on the website. 

6.6 SilkChain shall adopt necessary technical measures and management measures to ensure the normal operation of the official website and provide necessary and reliable transaction environment and transaction services.  

6.7 SilkChain has the right to keep members registration information and all the transaction information during the SilkChain official website service period during and after the performance of this agreement,but not use these information illegally. 

Special Announcement

7.1 Within the scope permitted by law, no matter under what circumstances, this website will not responsible for the member’s loss caused by network equipment maintenance, network connection failure, computer, communications or other system failures, power failures, strikes, labor disputes, riots, insurrection, riots, productivity or insufficient productive resources, fire, flood, storm, explosion, war, government behavior, force majeure or other third party nonaction service or delay. 

Intellectual Property

8.1 The rights of all the intellectual property of SilkChain official website including but not limited to site logo, database, web design, text and graphics, software, photos, videos, music, sound and the combination of software compilation, relevant source code and software (including small applications and scripts) are owned by SilkChain official website. Members shall not copy, change, send or use any of the aforesaid materials or contents for commercial purposes. 

8.2 All rights (including but not limited to goodwill, trademarks and logos) contained in the name of SilkChain official website are owned by ITDC. 

8.3 Members shall not illegally use or dispose of the intellectual property rights of the SilkChain official website or others in the process of using the official website. Members shall not publish or authorize other websites (and media) to use the information already published on the SilkChain official website in any form. 

Change and Termination of This Agreement 

9.1 Change of this agreement: SilkChain has the right to change the content of this agreement or other service terms and operating rules published by the official website at any time. This change will be announced in a prominent position on the official website and shall come into force upon publication of the notice. It is deemed that the members to be agreed to the content changes if members continue to use SilkChain website services. If members do not agree with the changed content, the members have the right to cancel the SilkChain official account and stop using the SilkChain official website. 

9.2 Termination of This Agreement 

9.2.1 SilkChain has the right to cancel the account of its members on the official website in accordance with this agreement, and this agreement terminated on the date of the account cancellation.  

9.2.2 SilkChain has the right to terminate all services of its official website in accordance with this agreement, which shall be terminated on the day when all services of its official website are terminated.  

9.2.3 After the termination of this agreement, members shall not be entitled to request SilkChain to continue to provide any service or fulfill any other obligations. Including but not limited to requiring the official website to keep or disclose to members any information in its original account on the official website or forward to members or third parties any information they have not read or sent. 

9.2.4 The termination of this agreement shall not affect the non-breaching party to hold the breaching party liable for breach of agreement. 

Privacy Policy

10.1 Range of Application

10.1.1 The personal information required by the SilkChain official website provided by members when sign up SilkChain official account, including but not limited to identity documents. 

10.1.2 When members use or visit this website, the server values of members' browsers received and recorded by this website are automatically recorded. Including but not limited to IP address and other data and members request access to the web page records. 

10.1.3 Relevant data collected by SilkChain on members transactions. Records including but not limited to prices and purchases. 

10.1.4 Other personal information obtained by the SilkChain official website through legal channels. 

10.2 Information Usage

10.2.1 SilkChain will not sell or lend members' personal information to anyone, unless prior permission from members is obtained. SilkChain also does not allow any third party to collect, edit, sell or disseminate the personal information of its members by any means.  

10.3 SilkChain keeps confidential the membership information and transaction information it obtains and shall not provide any unit or individual with members’ identity data and transaction information, except as otherwise provided by laws and regulations. 

AML (Anti-money Laundering)

11.1 SilkChain abides by and implements international anti-money laundering laws. Implements membership identification, members identity material and transaction record keeping system and reporting large and suspicious transactions system. 

11.2 When members sign up and loss reporting transaction password should provide and upload identity document. SilkChain should recognizes and compares identity document information provided by members. SilkChain has the right to refuse to sign up or cancel members’ sign-up accounts when SilkChain has reasonable reasons to suspect members sign up with a false identity. 

11.3 SilkChain refers to the regulations of the management measures for large-scale transactions and suspicious transaction reports of financial institutions, keeps records of large transactions and transactions suspected of money laundering. SilkChian shall provide records of large transactions and suspicious transactions to regulators when required. 

11.4 SilkChain maintains membership information as well as large transaction and suspicious transaction records on its official website, to assist and cooperate with judicial organs and administrative law enforcement agencies in combating money laundering in accordance with the law, assist judicial organs, customs and taxation departments to inquire, freeze and detain members’ deposits in accordance with laws and regulations. 

Responsibility for Breach of Contract

12.1 SilkChain or its members violates the agreement of this agreement, and the defaulting party shall be liable for breach of contract to the non-defaulting party. 

12.2 SilkChain has the right to ask the members to compensate for the losses of the SilkChain if the information provided by the members is not true, incomplete or inaccurate and causing losses to SilkChain. 

12.3 If the member violates laws and regulations or this agreement and engaged in illegal activities on this website or use this website to engaged in illegal activities, SilkChain reserves the right to immediately terminate SilkChain services, cancel the SilkChain account and ask for compensation caused by the illegal activities. 

12.4 If members interfere with the operation of this official website by technical means or interfere with other members' use of the official website of SilkChain, SilkChain has the right to cancel members’ account immediately and ask for compensation to SilkChain's official website.  

12.5 If members maliciously denigrate the reputation of SilkChain's official website by fabricating facts, SilkChain has the right to ask members to apologize publicly to SilkChain's official website and ask for compensation for the losses caused by the maliciously denigrate and terminate to provide services for members.  

Dispute Resolution

13.1 Disputes arising from the performance of this agreement between members and the SilkChain official website shall be settled through friendly consultation, if not settled through consultation, either party has the right to submit the dispute to the Singapore arbitration commission for arbitration in accordance with its arbitration rules. 

The Entry into Force and Interpretation of the Agreement

14.1 This agreement shall come into force when members click to approval sign up page of SilkChain's official website and complete the sign-up procedures and obtain the account number and password of SilkChain's official website, this agreement binding on this official website and members of SilkChain.