Legal
- Privacy Policy
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GOLD PLUS COIN PRIVACY POLICY
Last updated 17 July 2024
Thank you for visiting GoldPlusCoin.com and “Gold Plus Coin” (aka “GPC”) (collectively, “the Site”). The Site is operated for GPC Ops Trust (“Gold Plus Coin”) under a license and services arrangement with ODOPP LTD. (“ODOPP”, and together “we,” “ our,” or “us”).
This Privacy policy (“Privacy Policy”) together with Gold Plus Coin’s Terms of Sale and Service (which can be found at https://goldpluscoin.com/terms-of-service) (“Terms”) set out the basis on which any Personal Information we collect from you (“you”, “your”, or “ customer”), or that you provide to us, will be processed by us. By “Personal Information”, we mean any information which, either alone or in combination with other data, enables you to be directly or indirectly identified, for example your name, email address, username, contact details or any unique identifier such as an IP address, device ID or other online identifier.
Please read the following carefully to understand what data we collect, how that data is used and the ways it can be shared by us. If you do not wish for your Personal Information to be used in the ways described within this Privacy Policy then you should not access or use the Site or use the services, functions, or features offered from time to time on the Site (“Services”).
Gold Plus Coin and ODOPP are joint data controller of your Personal Information. Their information is as follows: ODOPP Ltd., a company which is registered in Nevis under company number C58566 and GPC Ops Trust, a trust which is registered in Nevis. Gold Plus Coin and ODOPP are using registered office Juris Building, Main Street, Charlestown, Nevis.
- What information do we collect?
- Information you give us. We collect information about you when you:
- register for an account with GPC Ops Trust at the “Gold Plus Coin” ;
- use the Support Centre on the Site; or
- correspond with us by phone, e-mail or otherwise.
The Personal Information most often collected and maintained in a customer file includes customer identification, transaction history including records of payments made.
- Information we collect about you. Each time you use the Services, we may automatically collect the following information, which may be considered to be Personal Information when combined with other information about you:
- technical information, including the Internet protocol (IP) address used to connect your computer or other device to the Internet, browser type and version, time zone setting, browser plug-in types and versions, operating system and platform; and
- information about your visit, including the dates and times you use the Site length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouse-overs), methods used to browse away from the page, and any phone number used to call the contact phone number provided on our Site.
- Special categories of data. We do not collect any special categories of Personal Information about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic and biometric data).
- Information you give us. We collect information about you when you:
- Purposes for which we collect your Personal Information.If you wish to transact on and use the Site or use the Services, Gold Plus Coin will collect information about you for the purposes set out below. Information you provide to Gold Plus Coin may be used to:
- establish and maintain a responsible commercial relationship with you;
- understand your needs and your eligibility for products and services;
- inform you about trading and financing features;
- provide information to you about developments and new products, including changes and enhancements to the Site;
- develop, enhance, and market products and services, and provide products and services to you;
- process billing and collection of any fees;
- conduct surveys and get feedback from you;
- deliver products and services to you;
- provide you with news and other matters of general interest to you as a Gold Plus Coin customer; and,
- meet Gold Plus Coin’s legal and regulatory requirements.
It is important that the Personal Information we hold about you is accurate and current. Please keep us informed if your Personal Information changes during your relationship with us.
- Information we collect about you.
We use IP addresses to analyze trends, administer the Site, track customer movements, and gather broad demographic information for aggregate use. For systems administration and detecting usage patterns and troubleshooting purposes, our web servers also automatically log standard access information including browser type, access times/open mail, URL requested, and referral URL. This information is not shared with third parties and is used only within Gold Plus Coin, ODOPP, and their affiliates on a need-to-know basis. We reserve the right to block access for any customer accessing the Site via a proxy service intending to conceal originating identity. This includes access via the Tor anonymity network.
Legal bases on which we process your Personal Information.
- We will process your Personal Information on the following grounds:
- where it is necessary for us to perform pursuant to your contract with Gold Plus Coin or in your interests; and/or
- where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests. Legitimate interests means the interest of our organization to conduct and manage our business to enable us to better serve you and provide you with a secure experience on the Site.
We ensure that we balance any potential impact on you and your rights before we process your Personal Information for our legitimate interests. We do not use your Personal Information for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.
- Generally we do not rely on consent as a legal basis for processing your Personal Information other than in relation to our use of cookies (please refer to our Cookies Policy) or when we send third party direct marketing communications to you via email or text message.
- Security and confidentiality.
- We are committed to protecting your privacy. Internally, only people with a business need to know Personal Information, or whose duties reasonably require access to it, are granted access to customers’ Personal Information. Such individuals will only process your Personal Information on our instructions and are subject to a duty of confidentiality.
- The Site’s systems and data are reviewed periodically to ensure that you are getting a quality service and that leading security features are in place. We have put in place procedures to deal with any actual or suspected data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.
- Disclosures.
- You agree that we have the right to share your Personal Information with:
- Any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries including their respective contractors, affiliates, employees or representatives.
- Our service providers, to the extent necessary to supply the Services to you.
- Selected third parties, including analytics and search engine providers that assist us in the improvement and optimization of the Services.
- Authorities and law enforcement agencies worldwide either when ordered to do so or on a voluntary basis if this appears reasonable and necessary to us (please refer to our Law Enforcement Requests Policy).
- We will also disclose your Personal Information to third parties:
- If Gold Plus Coin or substantially all of its assets are acquired by a third party, in which case Personal Information held by it about its customers will be one of the transferred assets.
- If we are under a duty to disclose or share your Personal Information in order to comply with any legal obligation, or in order to enforce or apply our Terms of Sale and Service and other agreements; or to protect the rights, property, or safety of us, our clients, or others.
- You agree that we have the right to share your Personal Information with:
We reserve the right to share current and historical bids, asks, and market prices; opening and closing range prices; high–low prices; trade prices; estimated and actual trade volumes; settlement prices; and other aggregate data and information related to the digital tokens purchased or redeemed on the Site.
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- Your Personal Information will be stored in Ireland and/or Switzerland and may be transferred worldwide.
- Personal Information and other data may therefore be exported outside of the jurisdiction in which you reside. Your Personal Information may be processed and stored in a foreign country or countries. Under those circumstances, the governments, courts, law enforcement, or regulatory agencies of that country or those countries may be able to obtain access to your Personal Information through foreign laws. You need to be aware that the privacy standards of those countries may be lower than those of the jurisdiction in which you reside.
- Unfortunately, the transmission of information via the Internet is not completely secure. While we do our utmost to protect your Personal Information, we cannot guarantee the security of your data transmitted to us over email or through the Site; any transmission is at your own risk. Once we have received your data, we will use strict procedures and security features to try to prevent unauthorized access.
- EEA customers only. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy. All data you provide to us is stored on our secure servers. Where we transfer our data outside of the EEA, we ensure that adequate safeguards are in place. Please contact us if you want further information on the specific mechanism used by us when transferring your Personal Information out of the EEA.
- Your rights.
- All Customers. You may access and verify your Personal Information held by Gold Plus Coin by submitting a written request to: Gold Plus Coin, Juris Building, Main Street, Charlestown, Nevis.
- EEA Customers. You have a number of rights in relation to how we process your Personal Information. These include the right to:
- access the Personal Information that we may hold about you;
- rectify any inaccurate Personal Information that we may hold about you;
- have your Personal Information erased in certain circumstances, for example, where it is no longer necessary for us to process your Personal Information to fulfill our processing purposes; or where you have exercised your right to object to the processing;
- restrict the processing of your Personal Information where, for example, the information is inaccurate or it is no longer necessary for us to process such information or where you have exercised your right to object to our processing;
- object to the processing of your Personal Information which may be exercised in certain circumstances, for example, where we are processing your Personal Information for direct marketing purposes, or where your own legitimate interests outweigh ours; and
- have your data ported to a new service provider if you no longer wish to use the Services. You may exercise these rights by contacting us (see details below).
- No fee usually required.
You will not have to pay a fee to access your Personal Information or to exercise any of your other rights. We may charge a reasonable fee if your request is clearly unfounded, repetitive, or excessive. Alternatively, we may refuse to comply with your request in these circumstances.
- What we may need from you.
We may need to request specific information from you to help us confirm your identity and ensure your right to access your Personal Information (or to exercise any of your other rights). This is a security measure to ensure that Personal Information is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response.
- Time limit to respond.
We try to respond to all legitimate requests within one month. Occasionally it may take us longer than a month if your request is particularly complex, or if you have made a number of requests. In this case, we will notify you and keep you updated.
- Other Sites and protecting your Personal Information.
- This Privacy Policy and the use of your Personal Information only applies to the information we collect. You are cautioned that if you disclose Personal Information or personally sensitive data through use of the Internet, such as through chat rooms, communities, bulletin boards, or other public online forums, this information may be collected and used by other persons or companies over which we have no control. It is your responsibility to review the privacy statements, policies, terms, and conditions of any person or company to whom you choose to link or with whom you choose to contract. We are not responsible for the privacy statements, policies, terms, conditions, or other content of any Site not owned or managed by Gold Plus Coin.
- We take all reasonable endeavours to protect and safeguard Personal Information, but there are protective measures you should take, as well. Do not share your Personal Information with others unless you clearly understand the purpose of their request for it and you know with whom you are dealing. Do not keep sensitive Personal Information in your e-mail inbox or on Webmail. If you are asked to assign passwords to connect you to your Personal Information, you should use a secure password and always use two-factor authentication (2FA), where available. You should change your password regularly.
- Changes to Our Privacy Policy.
- Any changes we make to our Privacy Policy in the future will be posted on this page and, where appropriate, notified to you by e-mail. Please check back frequently to see any updates or changes to our Privacy Policy.
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- Questions, comments and requests regarding this Privacy Policy should be addressed to Support@GoldPlusCoin.com
- EEA customers only. Should you have any concerns about how we handle your Personal Information, please contact us in the first instance. We will do our best to resolve your concern. Alternatively, you may prefer to submit a complaint directly to the national supervisory authority within your jurisdiction, details of which can be found online.
GOLD TOKEN TERMS OF SALE AND SERVICE
Last updated 17th July 2024
IMPORTANT: These Gold Token Terms of Sale and Service govern the Gold Tokens, Gold Token Wallets and the Site Services (each as defined below). By purchasing Gold Tokens (whether through the Site or otherwise), transferring Gold Tokens, obtaining a Gold Token Wallet or accessing or using any of the Site Services (each as defined below), you acknowledge that you have read, understand, and completely agree to be bound by these Terms and agree that any purchaser or other transferee of the Gold Tokens shall be subject to these Terms. If you do not agree to these Terms, as amended or modified by any subsequent amendment, change or update: (a) do not purchase Gold Tokens (whether though the Site or otherwise), (b) sell or transfer any Gold Tokens you already hold, and (c) do not access or use a Gold Token Wallet or any of the Site Services. These Terms may be amended, changed, or updated by Tether Gold at any time and without prior notice to you. These Terms were last updated July 17th, 2024.
Only eligible Persons are permitted to access or use the Site Services. Any Person that is not eligible that utilizes the Site Services or that accesses the Site will be in breach of these Terms and may have any Fiat, Digital Tokens, funds, proceeds or other property, confiscated (all as defined below).
These Terms apply to users of GoldPlusCoin.com and the “Gold Plus Coin” (aka “GPC”) users (all web pages at such address are sometimes referred to as the “Site”). You should read these Terms carefully to determine which provisions apply to you. These Terms will continue to apply to you in respect of all services on the Site. By purchasing a Gold Token through the Site, transferring Gold Tokens into a Gold Token Wallet, looking up the Gold Reserves (defined below) that are associated with a particular Digital Token Address or seeking to redeem any of the Gold Tokens through the Site (collectively or individually, the “Site Services”), the user (referred to herein as “you” or “your”) agrees to these Terms and that any purchaser or other transferee of the Gold Tokens of the user shall be subject to these Terms. By purchasing a Gold Token in any way other than through the Site, the purchaser (also referred to herein as “you” or “your”) also agrees to these Terms and that any purchaser or other transferee of the Gold Tokens of the user shall be subject to these Terms.
These Terms, together with the incorporated materials, constitute the entire agreement and understanding with respect to: (a) your holdings of Gold Tokens, (b) the access or use of any or all of the Site Services, and (c) any access or use of the Site, between you and Gold Plus Coin F LLC or any successor issuer of the Gold Tokens (together with any successors or assigns, “Gold Plus Coin”) (each of you and GPC being a “Party” and collectively, the “Parties”).
These Terms should be read in conjunction with the Privacy Policy and the Cookies Policy. In particular, please note that all transactions involving the Gold Tokens may be subject to fees levied by GPC from time to time or as otherwise agreed between you and GPC. In the event of any inconsistency between these Terms and any other pages, policies, terms, conditions, licenses, limitations, or obligations contained within or on the Site, these Terms shall prevail.
The Gold Tokens and Site Services are complex and carry a high level of risk and are not appropriate for persons who do not possess the appropriate level of knowledge and experience to deal in them. GPC is under no obligation to assess the suitability of the Gold Tokens or Site Services for users and any comment or statement which may be made by Gold Plus Coin or any of its Associates as to the suitability of the Site Services to you should under no circumstances be considered as investment or legal advice and should not be received or relied upon as such.
The access or use of the Site and any of the Site Services is void where such access or use is prohibited by, would constitute a violation of, or would be subject to penalties under applicable Laws, and shall not be the basis for the assertion or recognition of any interest, right, remedy, power, or privilege.
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- Interpretation
- Definitions: In these Terms and all documents incorporated herein by reference, the following words have the following meanings unless otherwise indicated:
- “Affiliate” means, in relation to either Party, a direct or indirect subsidiary of the Party, a holding company of the Party, and any other subsidiary of that holding company;
- “AML” means anti-money laundering, including, all Laws applicable to the Parties prohibiting money laundering or any acts or attempted acts to conceal or disguise the identity or origin of; change the form of; or move, transfer, or transport, illicit proceeds, property, funds, Fiat, or Digital Tokens, including the promotion of any unlawful activity such as fraud, tax evasion, embezzlement, insider trading, financial crime, bribery, cyber theft or hack, narcotics trafficking, weapons proliferation, terrorism, or Economic Sanctions violations, which may also require internal controls to detect, prevent, report, and maintain records of suspected money laundering or terrorist financing;
- “Anti-Corruption” means all Laws applicable to each Party prohibiting corruption or bribery of Government Officials, kickbacks, inducements, and other related forms of commercial corruption or bribery;
- “Associates” means Gold Plus Coin and each and every one of its Affiliates and each of GPC’s and its Affiliates’ shareholders, directors, officers, Affiliates, employees, contractors, agents, partners, insurers, and attorneys;
- “Canadian Person”
- a resident of any province or territory of Canada;
- any Person established or organized in or under the Laws of Canada or any province or territory of Canada;
- any estate of a decedent who was a resident of any province or territory of Canada; and
- any Person established or organized outside Canada or any province or territory of Canada, in which any of the foregoing, whether singularly or in the aggregate, directly or indirectly (i) holds a 50 percent or greater equity interest by votes or value, (ii) holds a majority of seats or memberships on the board of directors of the entity, or (iii) authorizes, establishes, directs, or otherwise controls the actions, policies, personnel decisions, or day-to-day operations of the Person.
- “Controlling Person” means any Person who owns more than a 25 percent interest in any Person or affiliate;
- “Copyrights” has the meaning set out in paragraph 10.2 of these Terms;
- “Custodian” means the custodian(s) of the Gold Reserves;
- “CRS” means the common reporting standard or the Standard for Automatic Exchange of Financial Account Information;
- “CTF” means counter-terrorist financing;
- “Digital Tokens” means a digital representation of value that functions as (i) a medium of exchange; (ii) a unit of account; (iii) a store of value, and/or (iv) other similar digital representations of rights or assets, which is neither issued nor guaranteed by any country or jurisdiction, typically including blockchain-based assets or rights including sovereign cryptocurrency or virtual currency such as bitcoins, and Gold Tokens;
- “Digital Tokens Address” means an alphanumeric identifier that represents a potential destination for a Digital Tokens transfer, which typically is associated with a user’s Digital Tokens Wallet;
- “Digital Tokens Wallet” means a software application (or other mechanism) that provides a means for holding, storing, and transferring Digital Tokens, including a user’s Digital Tokens Address, Digital Tokens balance, and cryptographic keys;
- “Economic Sanctions” means financial sanctions, trade embargoes, export or import controls, anti-boycott, and restrictive trade measures enacted, administered, enforced, or penalized by any applicable Laws, including those relating to gold or precious metals;
- “FATCA” means the United States Foreign Account Tax Compliance Act, as enacted by Title V, Subtitle A of the Hiring Incentives to Restore Employment Act, P.L 111-147 (2010), as amended;
- “FATF” means the Financial Action Task Force;
- “FIA” means the Financial Investigation Authority of the British Virgin Islands;
- “Fiat” means the money or currency of any country or jurisdiction that is:
- designated as legal tender; and,
- circulated, customarily used, and accepted as a medium of exchange in the country or jurisdiction of issuance;
- “FinCEN” means the Financial Crimes Enforcement Network of the U.S. Department of the Treasury;
- “Gold Reserves” means specific gold bullion bars meeting the quality assurance requirements of “London Good Delivery” set by the LBMA and held by the Custodian in a custodial vault, identifiable by a unique serial number, weight and purity, OR specific in-ground gold measured using NI-43101 or JORT standards and verified by a licensed auditing firm, for which GPC is the representative of the Gold Token holders;
- “Gold Token Wallet” means a software application (or other mechanism) that provides a means for depositing Gold Tokens for redemption and is the initial location address to which Gold Tokens are issued;
- “Gold Tokens” means the Digital Tokens available for sale at the Site from time to time and further described in these Terms;
- “Government” means any national, federal, state, municipal, local, or foreign branch of government, including any department, agency, subdivision, bureau, commission, court, tribunal, arbitral body, or other governmental, government appointed, or quasi-governmental authority or component exercising executive, legislative, juridical, regulatory, or administrative powers, authority, or functions of or pertaining to a government instrumentality, including any parasternal company, or state-owned (majority or greater) or controlled business enterprise;
- “Government Approval” means any authorization, license, permit, consent, approval, franchise, concession, lease, ruling, certification, exemption, exception, filing or waiver by or with any Government necessary to conduct the business of either Party or the execution, delivery and performance of the Site Services or any transaction entered into under these Terms;
- “Government Official” means an officer or employee of any Government, a director, officer, or employee of any instrumentality of any Government, a candidate for public office, a political party or political party official, an officer or employee of a public international organization, and any Person who is acting in an official capacity for any of the foregoing, even if such Person is acting in that capacity temporarily and without compensation;
- “Laws” means all laws, statutes, orders, regulations, rules, treaties, and/or official obligations or requirements enacted, promulgated, issued, ratified, enforced, or administered by any Government that apply to you or the Site;
- “LBMA” means the London Bullion Market Association;
- “Losses” means, collectively, any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including attorneys’ fees or the costs of any claim or suit), including any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses;
- “Marks” has the meaning set out in paragraph 10.1 of these Terms;
- “OFAC” means Office of Foreign Assets Control of the U.S. Department of the Treasury;
- “Person” includes an individual, association, partnership, corporation, company, other body corporate, trust, estate, and any form of organization, group, or entity (whether or not having separate legal personality);
- “Personal Information” has the meaning set out in the Privacy Policy;
- “Prohibited Jurisdiction” means any of: Cuba, Democratic People’s Republic of Korea (North Korea), Iran, Singapore, Syria or Crimea (a region of Ukraine annexed by the Russian Federation); the self-proclaimed Donetsk People’s Republic (a region of Ukraine), the self-proclaimed Luhansk People’s Republic (a region of Ukraine), the self-proclaimed Kherson People’s Republic (a region of Ukraine) and the self-proclaimed Zaporizhzhia People’s Republic (a region of Ukraine);
- “Prohibited Person” means any U.S. Person; any Canadian Person; the Government of Venezuela; citizen or resident of, Government or Government Official of, or Person in or subject to the jurisdiction of, any Prohibited Jurisdiction; and any Sanctioned Person;
- “Prohibited Use” has the meaning set out in paragraph 8 of these Terms;
- “Sanctions List” means the “Specially Designated Nationals and Blocked Persons” (“SDN”) List and the Non-SDN List, including the “Sectoral Sanctions Identifications List”, published by OFAC; the Section 311 Special Measures for Jurisdictions, Financial Institutions, or International Transactions of Primary Money Laundering Concern published by FinCEN; and, any other foreign terrorist organization or other sanctioned, restricted, or debarred party list published by the FIA, or under Economic Sanctions, AML, or CTF Laws of or by Governments of the British Virgin Islands (including any sanctioned, restricted, or debarred party list under the Laws of the United Kingdom and applicable in the British Virgin Islands), United States and the United Nations;
- “Sanctioned Person” refers to any Person or Digital Tokens Address that is: (i) specifically listed in any Sanctions List; (ii) directly or indirectly owned 50 percent or more by any Person or group of Persons in the aggregate, or a Digital Tokens Wallet associated with such Person or Persons, referred to in any Sanctions List, or Government or Government Official of any Prohibited Jurisdiction; or (iii) that is subject to any Government Approval or otherwise sanctioned, restricted, or penalized under applicable Economic Sanctions, AML, or CTF Laws;
- “Tax Information Exchange Laws” means Laws relating to the exchange of information relating to taxes between Governments, including FATCA and CRS;
- “Terms” means these terms and conditions of sale and service, as they may be changed, amended, or updated from time to time
- “Territory or Insular Possession of the United States” means the Commonwealth of Puerto Rico; the U.S. Virgin Islands; Guam; the Commonwealth of the Northern Mariana Islands; and all other territories and possessions of the United States, other than the Indian lands (as that term is defined in the Indian Gaming Regulatory Act);
- “United States” or “U.S.” means the several states of the United States and the District of Columbia;
- “U.S. Account” means any account that is held by one or more U.S. Persons or non-U.S. entities that have one or more Controlling Persons who is a U.S. Person;
- “U.S. Citizen or U.S. Resident” includes any U.S. citizen, U.S. lawful permanent resident, individual who meets the “substantial presence” test described in section 7701(b)(3) of the U.S. Internal Revenue Code of 1986 (as amended), protected individual under section 1324b(a)(3) of the U.S. Immigration and Nationality Act, or individual who holds a passport issued by the United States Government;
- “U.S. Financial Institution” means any U.S. Person and any of its affiliates, branches, offices, or agents incorporated, organized, or located in the United States or Territory or Insular Possession of the United States that is engaged in the business of: (i) accepting deposits; (ii) making, granting, transferring, holding, or brokering remittances, loans, or credits; or (iii) purchasing or selling foreign exchange, securities, commodity futures or options, or procuring purchases and sellers thereof, whether as principal or agent, and this term applies to affiliates, branches, offices, and agencies of any foreign financial institution that are located in the United States or Territory or Insular Possession of the United States, but not such foreign financial institution’s affiliates, branches, offices, or agencies located outside the United States and Territory or Insular Possession of the United States;
- “U.S. Person” means:
- a U.S. Citizen or U.S. Resident;
- a corporation, partnership, or other entity established or organized in or under the Laws of the United States;
- any estate of a decedent who was a U.S. Citizen or U.S. Resident;
- any trust if (i) a court within the United States is able to exercise primary supervision over the administration of the trust, and (ii) one or more United States Persons have the authority to control all substantial decisions of the trust;
- any Person organized or incorporated outside the United States and the Territory or Insular Possession of the United States in which any of the foregoing, whether singularly or in the aggregate, directly or indirectly (i) holds a 50 percent or greater equity interest by votes or value, (ii) holds a majority of seats or memberships on the board of directors of the entity, or (iii) authorizes, establishes, directs, or otherwise controls the actions, policies, personnel decisions, or day-to-day operations of the Person; or
- any pension plan for the employees, officers or principals of a legal entity described in paragraph 1.1.45.2, unless the pension plan is primarily for foreign employees of such entity.
- “Virus” means any harmful or surreptitious code with a purpose to, effect of or that could be reasonably be expected to: (i) cause any unplanned interruption of the operation of a website or computer systems, (ii) unauthorized use of a website or computer systems, (iii) altering, destroying, or inhibiting the use of a website, software or computer systems; or (iv) block access to, or prevent the use or accessibility of a website or computer systems. Viruses include malware, trojan horses, system monitors/keyloggers, dialers, adware, and adware cookies lockup, time bomb, key lock device program, or disabling code.
- “you” or “your” means the user.
- Headings: The headings and sub-headings in these Terms are for ease of reference only and are not to be taken into account in the construction or interpretation of any provision or provisions to which they refer.
- Extended Meanings: Unless otherwise specified in these Terms, words importing the singular include the plural and vice versa and words importing gender include all genders. The word “include”, “includes” or “including” will be interpreted on an inclusive basis and be deemed to be followed by the words “without limitation”.
- Governing Law: These Terms shall be governed by and construed and enforced in accordance with the Laws of Nevis, and shall be interpreted in all respects as a Nevis contract. Any dispute, controversy, claim or action arising from or related to your access or use of the Site or these Terms likewise shall be governed by the Laws of Nevis, exclusive of choice-of-law principles. For clarity, the acquisition and loss of rights in rem to the physical gold shall also be governed by the Laws of Nevis.
- Definitions: In these Terms and all documents incorporated herein by reference, the following words have the following meanings unless otherwise indicated:
- Interpretation
2. Right to Use the Site: If you (a) have a Gold Token Wallet, (b) are not a Prohibited Person, (c) do not operate your Gold Token Wallet for the benefit of a Prohibited Person, and (d) comply with these Terms, Tether Gold grants you the limited right to use the Site Services. The right to use the Site Services is a personal, restricted, non-exclusive, non-transferable, non-sublicensable, revocable, limited license, and it is subject to the limitations and obligations in these Terms. Nothing in these Terms gives you any license (other than as set out in this paragraph), right, title, or ownership of, in, or to the Site, any of the Site Services, the Copyrights or the Marks. Gold Plus Coin may suspend or terminate the provision of Site Services to you /or freeze or terminate your Gold Token Wallet, as required by applicable Laws or where GPC determines that you have violated, breached, or acted inconsistent with any of these Terms.
2.1. Every Prohibited Person is strictly prohibited from directly or indirectly holding, owning or operating a Gold Token Wallet or Gold Tokens in any way or otherwise transacting on or using any Gold Tokens, the Site Services or the Site.
2.2. No Gold Token Wallet may be operated for and no order or transaction in Gold Tokens or in a Gold Token Wallet may be for the financial or other benefit of a Prohibited Person.
2.3. With respect to any Person organized or incorporated outside the United States and the Territory or Insular Possession of the United States, the prohibitions in paragraphs 2.1 and 2.2 are governed by the terms of paragraph 1.1.44.5 and will be applied at the entity level.
2.4. Persons who are not U.S. Persons with accounts that are not U.S. Accounts may be prohibited in the discretion of Gold Plus Coin from directly or indirectly holding, owning or operating a Gold Token Wallet or Gold Tokens in any way or otherwise transacting on or using any Gold Tokens, the Site Services or the Site, if GPC believes or suspects that they are making a deposit, withdrawal, or transfer of Fiat or Digital Tokens to, from, or through any U.S. Financial Institution to facilitate the provision of the Site Services.
3. Gold Tokens:
3.1. Gold Plus Coin may make Gold Tokens available for purchase from time to time at prices quoted from time to time by Tether Gold based upon the market price of gold, including market brokerage fee or dealer mark-up, available to GPC. Purchases may be subject to minimum purchase and other requirements and to settlement conditions imposed by GPC, whether or not set forth on the Site at the time of purchase. In addition, all sales are subject to these Terms. GPC will not issue Gold Tokens for consideration consisting of Digital Tokens (for example, bitcoin); only Fiat identified at the Site will be accepted for purchase of Gold Tokens through the Site; transfers to or from a Gold Plus Coin Wallet require prior consent from GPC. In order to facilitate transactions, GPC or any of its Affiliates may purchase and resell Gold Tokens for its own account. Any Gold Tokens owned by GPC or any of its Affiliates and resold through the Site will be sold at the then current market rates.
3.2. Gold Plus Coin issues, sells, and redeems Gold Tokens in reliance on custodial services provided by one or more Custodians and services provided by other representatives of GPC. Gold Tokens may be used, kept, or exchanged online wherever parties are willing to accept Gold Tokens, or redeemed for associated specific interests in Gold Reserves, all subject to the limitations in these Terms. GPC makes no representations or warranties that it will continue to sell new Gold Tokens on comparable terms or on any terms in the future. Gold Tokens may be issued by GPC on multiple blockchains in its sole discretion, and Gold Tokens trading on one blockchain may not be readily exchangeable for Gold Tokens trading on a different blockchain.
3.3. Each Gold Token reflects ownership of an undivided specific interest in one ounce of gold in the Gold Reserves. Gold delivered upon the purchase of one Gold Token will consist of one ounce held by the Custodian on behalf of the Gold Token holders as Gold Reserves. Delivery to you of the associated specific interest in the Gold Reserves represented by each Gold Token shall be completed upon the purchase or transfer to you of such Gold Token and your acceptance of such delivery. Upon and following such delivery, the Custodian shall hold at its premises the Gold on your behalf as, and for so long as you remain the, holder of the Gold Token and the underlying Gold represented thereby. The undivided interest in an ounce in a specific gold mine in the Gold Reserves owned through a Gold Token may be reallocated by GPC on behalf of the Gold Token holders, from time to time and without notice, to an ounce in a different specific gold mine in the Gold Reserves. GPC may elect to reallocate Gold Reserves on behalf of the Gold Token holders as described above every time that there is an on-chain transaction that transfers Gold Tokens from one on-chain address to another. Each Gold Token holder, by holding a Gold Token, irrevocably consents to any such reallocation. Any reallocation will be automatic and instantaneous so that each Gold Token maintains its undivided specific ownership interest in one ounce in Gold Reserves, at all times.
3.4. There is a risk that some or all of the Gold Reserves held by the Custodian could be lost, damaged or stolen or that access to some or all of the Gold Reserves could also be restricted. The loss or damage borne from any of these events would be borne by the holders of the Gold Tokens representing ownership in the affected gold mine/gold bullion bars and not borne by Gold Token holders with interests in gold mines/gold bullion bars that are not lost, damages or stolen.
3.5. Holders of Gold Tokens will be able to view information regarding undivided specific interests in Gold Reserves at the Site, subject to the Site’s availability and the provision of required information.
3.6. In order to purchase Gold Tokens from Gold Plus Coin and to have them redeemed through orders submitted through the Site, you must be a verified customer of GPC. No exceptions will be made to this provision. The right to have Gold Tokens redeemed or issued is a contractual right personal to you. We may also refuse to issue or sell Gold Tokens to, or redeem Gold Tokens from, a verified customer in the event of any circumstances in violation of these Terms, including, circumstances in which GPC believes that the purchase or redemption of Gold Tokens would be contrary to Law or would otherwise expose GPC to legal liability.
3.7. While Gold Plus Coin has contracted with the Custodian, GPC is vaulting the Gold Reserves with the Custodian as representative of the Gold Token holders. The Custodian holds the Gold Reserves on behalf of the Gold Token holders, and each is an intended third-party beneficiary of that contract, and is entitled to bring claims against the Custodian, subject to the limitations on claims and liability set forth in the agreement with the Custodian. Contractual claims will not be asserted against the Custodian by GPC on behalf of the Gold Token holders. Accordingly, Gold Token holders would be required to expend their own resources in order to pursue claims against the Custodian or any other person or entity. The Custodian maintains insurance with regard to its business in such amount and on such terms and conditions as it considers appropriate, which is not expected to cover the full amount of Gold Reserves. GPC is not a beneficiary of any such insurance and does not have the ability to dictate the existence, nature or amount of coverage maintained by the Custodian.
3.8. Gold Tokens are or may be issued on various decentralized and open-source blockchains and protocols. Blockchains and protocols can sometimes experience events called “forks” where an alternative version of a blockchain or protocol is created. Where forks occur, it is possible that multiple versions of a Digital Token available on such blockchain or protocol could be created, for example, one on each fork. Due to the nature of Gold Tokens, if a fork creates two or more Digital Tokens which purport to be Gold Tokens, it is only possible for one of those Digital Tokens to be a Gold Token. As a result, in the event of a fork only the Digital Tokens on the particular blockchain or protocol that GPC or its Affiliate announces on its website as being supported by Tether Gold or such Affiliate are Gold Tokens. Any other Digital Tokens resulting from the fork are not Gold Tokens.
3.9. Gold Plus Coin is under no obligation to support any particular blockchain or protocol, any forked version of any particular blockchain or protocol or any Digital Tokens resulting from a fork of a blockchain. Where a blockchain or protocol on which Gold Tokens are issued is forked, GPC may elect to suspend Services temporarily or for an extended period of time on little or no notice. GPC will determine, in its sole discretion, whether to support a particular fork of a blockchain or protocol or whether to cease support for all version of a particular blockchain or protocol. Where GPC determines to cease support for a particular blockchain or protocol, you will take any and all actions reasonably necessary to effectuate the migration of your Gold Token to a supported blockchain or protocol identified by GPC. Gold Plus Coin assumes no liability or responsibility whatsoever arising out of or relating to your failure to effectuate such migration of your Gold Token to another blockchain or protocol identified by GPC.
3.10. Gold Plus Coin assumes no liability or responsibility whatsoever for any losses or other issues that might arise from GPC electing to support or not support a particular blockchain or protocol, any forked version of any particular blockchain or protocol or any Digital Tokens resulting from a fork of a blockchain or protocol.
3.11. It is also possible that a third-party could create a Digital Token which claims to be an alternative version of Gold Tokens, such as by “wrapping” or “bridging” Gold Tokens. These Digital Tokens are not Gold Tokens. They are not issued or supported by Gold Plus Coin. They cannot be redeemed with Gold Plus Coin.
4. Purchase and Redemption of Gold Tokens:
4.1. Verified customers of Gold Plus Coin may purchase Gold Tokens from GPC subject to conditions (e.g., minimum purchase amounts) and fees in accordance with the Gold Token Fee Schedule in effect at the time of purchase.
4.2. Gold Plus Coin will make commercially reasonable efforts to process a verified customer request to redeem Gold Tokens promptly. However, it may take several business days for any redemption to be completed. GPC reserves the right to delay the redemption or purchase of Gold Tokens if the delay is necessitated by the illiquidity or unavailability or loss of any Gold Reserves backing the Gold Tokens or as otherwise required by Laws or demanded or lawfully requested by any Government.
4.3. Gold Token holders can receive a “London Good Delivery” gold bar for each 430 Gold Tokens redeemed, subject to adjustment for actual size and purity of the bullion bar to be delivered. Gold bars do not generally contain exactly 400 fine troy ounces of gold but generally contain fewer than 430 fine troy ounces. If the gold bar to be delivered in connection with a redemption contains fewer than 430 fine troy ounces, the token holder seeking to redeem their Gold Tokens for physical delivery of the bullion bar will redeem only the number of Gold Tokens that corresponds to the number of fine troy ounces of gold on the applicable bullion bar and the remaining Gold Tokens will be returned to the GPC Wallet. In the unlikely event the gold bar to be delivered in connection with a redemption contains more than 430 fine troy ounces, the token holder seeking to redeem their Gold Tokens for the gold bar will be required to either (a) provide the applicable additional Gold Tokens so that the number of Gold Tokens being redeemed corresponds to the number of fine troy ounces of gold on the applicable bullion bar, or (b) pay an additional amount of Fiat necessary to cover the cost of the excess gold (based on current market prices for gold in the Swiss gold market).
4.4. A Gold Token holder who has effectuated redemption can elect to receive physical delivery of their gold bar at a place of their choosing, acting reasonably, in Switzerland (subject to the payment of fees in accordance with the Gold Token Fee Schedule in effect at the time of redemption). Rather than take physical delivery of their bullion bar, a token holder can request that Gold Plus Coin facilitate the sale of their bullion bar in the Swiss gold market. If the token holder makes this election, GPC or its representative will attempt to sell the token holder’s gold bar to a regulated Swiss gold dealer or broker with whom it has a relationship. If the bullion bar is successfully sold via broker dealer, the holder will receive the proceeds from that sale, less applicable fees set out in the GPC Gold Token Fee Schedule in effect at the time of redemption, via a wire transfer of Fiat. Any sale transaction is subject to the rates and transaction counterparties available at the time of election. GPC and its Affiliates have no obligation to repurchase any Gold Tokens or any bullion bars.
5. Risks and Limitation of Liability: Important: This paragraph is in addition to the Gold Token Risk Disclosure Statement. Trading in Gold Tokens is volatile and markets shift quickly in terms of price, liquidity, market depth, and trading dynamics. The information presented on or through the Site is made available solely for general information purposes, and Gold Plus Coin and its Associates do not warrant the accuracy, completeness, or usefulness of this information. You are solely responsible and liable: for any and all activity on the Site and for your Gold Token Wallet on the Site; and, for knowing the correct status of your Gold Tokens on the Site, even if presented incorrectly by the Site at any time. You acknowledge and agree: to be fully responsible and liable for your actions and inactions on the Site and all gains and Losses sustained from your use of the Site and any of the Site Services; and to be fully responsible for safeguarding access to, and any information provided through, the Site and any of the Site Services, including, Gold Token Wallet, Digital Tokens Address, private keys, usernames, passwords, and bank account details.
There is no guarantee against Losses from Gold Tokens or the use of Gold Tokens or the Gold Token Wallet.
6. Transactions in Gold Tokens: In the course of processing transactions in Gold Tokens at the Site, Gold Plus Coin may be required to share your user information with other contractual third parties, including financial institutions, or as required under applicable Laws or demanded upon a lawful request by any Government. You hereby irrevocably grant full permission and authority for GPC to share this information with such contractual third parties, or as required under applicable Laws or demanded upon a lawful request by any Government, and release GPC from any liability, error, mistake, or negligence related thereto. You accept all consequences of sending Gold Tokens, off of the Site. Gold Token transactions are not reversible. Once you send Gold Tokens to an address, whether intentionally or by a fraudulent or accidental transaction, you accept the risk that you may lose access to, and any claim on, those Gold Tokens indefinitely or permanently. You acknowledge that GPC may delay or suspend redemption under various circumstances, including in the event that GPC determines that you have engaged in a Prohibited Use; when GPC is directed to do so by any Government; if your Gold Token Wallet or other account or wallet is subject to pending litigation, investigation, or Government proceedings; or when GPC believes that someone is attempting to gain unauthorized access to your Gold Token Wallet or other account or wallet. Gold Tokens are not legal tender and are not backed by any Government. Gold Tokens are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
7. Resolution of Disputes:
7.1. Any dispute, claim, controversy or action arising out of or related to (a) these Terms or the existence, breach, termination, enforcement, interpretation or validity thereof, or (b) your Gold Token Wallet, the operations and services of the Site, or (c) your access to or use of the Site Services at any time, shall be subject to the exclusive jurisdiction of the courts of Nevis. For the avoidance of doubt, and without limiting the generality of the foregoing, this provision expressly applies to any claim, whether in tort, contract or otherwise, against Gold Plus Coin.
7.2. You irrevocably and unconditionally agree and consent to the jurisdiction and venue of the courts of Nevis, and you waive any objections thereto, including under the doctrine of forum non conveniens or other similar doctrines.
7.3. You and Gold Plus Coin agree that any Party hereto may bring claims against the others only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. No adjudicator may consolidate or join more than one Person’s or party’s claims and may not otherwise preside over any form of a consolidated, representative, or class proceeding. Any relief awarded to any one Gold Token user cannot and may not affect any other Gold Token users.
7.4. JURY TRIAL WAIVER: TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING OF ANY KIND WHATSOVER ARISING OUT OF OR RELATING TO THESE TERMS OR ANY BREACH THEREOF, ANY USE OR ATTEMPTED USE OF THE SITE OR THE SITE SERVICES BY YOU, AND/OR ANY OTHER MATTER INVOLVING THE PARTIES.
8. Prohibited Uses: You may not:
8.1. use the Site or any Site Services in order to disguise the origin or nature of illicit proceeds of, or to further, any breach of applicable Laws, or to transact or deal in any contraband Digital Tokens, Fiat, funds, property, or proceeds;
8.2. use the Site or any Site Services if any applicable Laws, including AML Laws, CTF Laws, Anti-Corruption Laws, and Economic Sanctions Laws, prohibit, penalize, sanction, or expose Gold Plus Coin to liability for any Site Services furnished or offered to you or your Gold Token Wallet under these Terms;
8.3. use the Site or any of the Site Services, or any financial services of any U.S. Financial Institution, whether or not an Associate of Gold Plus Coin, to facilitate, approve, evade, avoid, or circumvent any applicable Laws, including AML Laws, CTF Laws, Anti-Corruption Laws, and Economic Sanctions Laws;
8.4. use the Site or any Site Services to evade taxes under the Laws of Nevis, the United States, or any other jurisdiction(s) applicable to you or the Site;
8.5. purchase or redeem Gold Tokens, or otherwise transact on the Site, or use any Site Services, with anything other than Fiat, funds, keys, property, or Digital Tokens that have been legally obtained by you and that belong to you;
8.6. use the Site or any Site Services to interfere with or subvert the rights or obligations of Gold Plus Coin or the rights or obligations of any other Site user or any other Person;
8.7 trade using misleading or inaccurate information presented to the Site or to Gold Plus Coin or take advantage of any technical glitch, malfunction, failure, delay, default, or security breach;
8.8. use the Site or any Site Services to engage in conduct that is detrimental to Gold Plus Coin or to any other Site user or any other Person;
8.9. take advantage of any technical glitch, malfunction, delay, default or security breach on the Site;
8.10 falsify any account, Site registration, exchange, or administration details provided to Tether Gold or any of its Associates, impersonate another Person or misrepresent your affiliation with a Person;
8.11. falsify or materially omit any information or provide misleading or inaccurate information requested by Gold Plus Coin or any of its Associates, including at Site registration or during the course of administering any Site Services to you;
8.12. cause injury to, or attempt to harm, Gold Plus Coin, any of its Associates or any Person through your access to the Site or any Site Services;
8.13. promote discrimination based on race, religion, nationality, disability, sexual orientation, gender or gender identity, or age;
8.14. have more than one account and more than one Gold Token Wallet on the Site, or use any Gold Token Wallet on a one-time, ‘throwaway’ basis; any such additional Gold Token Wallet or one time ‘throwaway’ Gold Token Wallet may be terminated or suspended at the absolute discretion of Gold Plus Coin;
8.15. where you are subject to prohibitions or restrictions as set forth in paragraph 2, access the Site or use any Site Services utilizing any virtual private network, proxy service, or any other third-party service, network, or product with the effect of disguising your IP address or location, or access the Site or use any Site Services from, or being subject to, the jurisdiction of any Prohibited Jurisdiction or Government or Government Official thereof;
8.16. utilize a Gold Token Wallet, any Site Services or the Site for the financial or other benefit of a Prohibited Person; or
8.17. violate, promote, or cause a violation of, or conspire or attempt to violate these Terms or applicable Laws.
Any use as described in this paragraph shall constitute a “Prohibited Use”. If Gold Plus Coin determines or suspects that you have engaged in any Prohibited Use, GPC may address such Prohibited Use through an appropriate sanction, in its sole and absolute discretion. Such sanction may include making a report to any Government, law enforcement, or other authorities, without providing any notice to you about any such report; confiscation of any Fiat, funds, property, proceeds, or Digital Tokens in any Gold Token Wallet that you have on the Site; and, suspending or terminating your access to any Site Services or Fiat, funds, property, or Digital Tokens from any Gold Token Wallet. GPC may, at its sole and absolute discretion, seize and deliver your property to any applicable Government, law enforcement, or other authorities where circumstances warrant or in accordance with Laws. In addition, should your actions or inaction result in Loss being suffered by GPC or any of its Associates, you shall pay an amount to GPC or the Associate so as to render GPC or the Associate whole, including the amount of taxes or penalties that might be imposed on GPC or the Associate.
9. Due Diligence Generally, Anti-Money Laundering and Counter-Terrorist Financing: Gold Plus Coin is committed to providing safe, compliant, and reputable Site Services and to identify, detect, prevent, and report on money laundering, terrorist financing, and other improper activities under applicable AML Laws, CTF Laws, Anti-Corruption Laws, and Economic Sanctions Laws. Accordingly, GPC insists on a comprehensive and thorough user due diligence process and ongoing analysis and reporting. By agreeing to these Terms, you shall affirmatively certify that you are not a Prohibited Person, that you are not utilizing a Gold Token Wallet for the benefit of a Prohibited Person and that your account would not be regarded as a U.S. Account, and must provide promptly all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of GPC or any of its Affiliates. Additionally, GPC or any of its Affiliates may assess whether you will make, or intend to make, a transfer to, from, or through any U.S. Financial Institution to facilitate the provision of the Site Services, and if applicable, you must provide all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of GPC. You agree to provide promptly any documentation, information, or records requested by GPC at any time, including a self-certification permitting the determination of tax residence and status under Tax Information Exchange Laws. Such information may include self-certifications as to Controlling Persons and beneficial ownership of one or more legal entities. GPC needs to retain certain information, documentation, and records on file pursuant to applicable Laws and its contractual relationships, and GPC hereby expressly reserves the right to keep such information, documentation, and records. Additionally, GPC monitors for and assesses suspicious or sanctionable transactions under applicable AML, CTF, Anti-Corruption, and Economic Sanctions Laws, as well as undertakes mandatory reporting to OFAC, FIA, and international regulators. These undertakings shall apply even when you suspend or terminate your relationship with GPC or abandon your application to have a Gold Token Wallet or transfer all Gold Tokens from your Gold Wallet. Our policies apply to any and all Digital Tokens, Fiat, and other funds or property being exchanged on or through the Site or by any of you or your Affiliates.
Gold Plus Coin reserves the right to bar transactions from or to, to undertake enhanced due diligence, or to suspend or terminate the administration of Site Services, or the creation or administration of any Gold Token Wallet for or with, any user for any reason (or for no reason) at any time, including the provisions of paragraphs 8 and 11, subject to any limitations imposed by applicable Laws. Without limiting the generality of the foregoing, this includes any transfer, transaction, business, or dealing with a: (i) Sanctioned Person; (ii) Prohibited Jurisdiction or a citizen or resident of, Government or Government Official of, or Person in or subject to jurisdiction of, any Prohibited Jurisdiction; (iii) U.S. Person; (iv) Canadian Person; (v) citizen or resident of the British Virgin Islands or Switzerland; (vi) Person from or in any jurisdiction that does not meet international AML–CTF standards (including any jurisdiction identified by the FATF as high-risk, non-cooperative, or strategically deficient jurisdictions, or jurisdictions under increased monitoring, including Albania, Barbados, Burkina Faso, Cambodia, Haiti, Jamaica, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, South Sudan, Turkey, Uganda, United Arab Emirates and Yemen); (vii) Person that is or formerly was a Government Official or Politically Exposed Person within the meaning of the FATF’s 40 Recommendations; (viii) Person that presents a risk of any exposure to penalties, sanctions, or other liabilities under AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, or tax Laws that may apply to you or to GPC or any of its Associates; (ix) Person that GPC determines is acting in the United States or Territory or Insular Possession of the United States (whether or not by, to, through, or from a U.S. Financial Institution) in violation of, causing any other Person, including any of the Associates, to violate, attempting or conspiring to violate, or evading or circumventing these Terms or applicable Laws; and (x) Person that fails to meet any user due diligence standards, requests, or requirements of GPC, or otherwise appears to be of high risk, including any of the foregoing factors. In lieu of refusing registration, access or ongoing administration of your Gold Token Wallet, GPC may, in its sole discretion, perform enhanced due diligence procedures. At all times, you may be subject to enhanced due diligence procedures in your use of the Site and any Site Service. If you decline to provide requested due diligence information or otherwise do not reply timely or substantively with the documentation or data requested, Gold Plus Coin has the absolute discretion to suspend or terminate Site Services to you immediately.
10. Intellectual Property:
10.1. The trademarks, service marks, and trade names, including both word marks and design marks (the Mark(s)”) are used by Gold Plus Coin under license. You agree not to appropriate, copy, display, reverse engineer, or use the Marks or other content without express, prior, written permission from GPC or the owner of the Marks, including as a domain name, as social media profile/handle, on a website, in an advertisement or other marketing, as or in connection with a phone number, as or in connection with an email address, in Internet search results, in meta data or code, or in any other manner;
10.2. Unless otherwise indicated, all materials on the Site are used by Gold Plus Coin under license (“Copyrights”). You agree not to appropriate, copy, display, or use the Copyrights or other content without express, prior, written permission from GPC or the third-party owner;
10.3. You may link to the Site’s homepage or other pages, provided you do so in a way that is fair and legal and does not damage Gold Plus Coin’s reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval, or endorsement on GPC’s part without prior, express, written consent;
10.4. The Site may provide certain social media features that enable you to link, send communications, or display certain content from the Site. You may use these features solely as they are provided by Gold Plus Coin. You may not establish a link from any website that is not owned by you, cause the Site or portions of it to be displayed on or by any other site (for example, framing, deep linking, or in-line linking), or otherwise take any action with respect to the materials on the Site that is inconsistent with any other provision of these Terms;
10.5. You must not register, record, or otherwise control any domains, social media handles/profiles, Marks or other trademark or service mark registrations, trade names or any other intellectual property rights featuring intellectual property owned by Gold Plus Coin, any of its Associates or its or their licensor(s) directly or through a third party (“Prohibited Assets”). If GPC becomes aware that you own or control any Prohibited Assets, the Prohibited Asset(s) will be automatically transferred and assigned to GPC, its nominated Associate or its licensor(s) under these Terms of Service. You agree to execute all instruments and documents and do such additional acts as GPC, its Associate(s) or its licensor(s) may deem necessary or desirable to record and perfect the assignment of rights under this paragraph 10.5. If GPC, its Associate(s) or its licensor(s) are unable for any reason to secure your timely signature to any document it is entitled to under this paragraph 10.5 within fourteen days, you hereby irrevocably designate and appoint GPC, its Associates and its licensor(s) and their duly authorized directors, officers and agents as your attorney-in-fact, with full power of substitution to act for and on your behalf and instead of you to execute and file any such document(s) and to do all other lawfully permitted acts to further the purposes of the foregoing with the same legal force and effect as if executed by you; and
10.6. The Site and Site Services are protected by copyright, trademark, trade secret and other intellectual property or proprietary rights laws in various jurisdictions. All rights not expressly granted to you in these Terms are reserved by Gold Plus Coin or its licensor(s). Except as expressly authorized by GPC, you will not (i) license, sublicense, rent, sell, resell, transfer, assign, distribute, or otherwise commercially exploit or make available to any Person all or any part of the Site or Site Services in any way; (ii) copy, modify, republish, distribute, or make derivative works based upon all or any part of Site or Site Services; (iii) “frame” or “mirror” all or any part of the Site or Site Services on any other server or wireless or Internet-based device; or (iv) reverse engineer or access all or any part of Site or its Site Services in order to (a) build a competitive product or service, (b) build a product or service using similar ideas, features, functions, or graphics of all or any part of the Site or Site Services, or (c) copy any ideas, features, functions, or graphics of all or any part of the Site or Site Services.
11. Your Representations and Warranties: You represent and warrant to Gold Plus Coin on the date of your acceptance or deemed acceptance of these Terms and each day on which you utilize or access the Site Services, in each case with reference to the facts and circumstances existing at such date, as follows:
11.1. that, if you are an individual user, you are 18 years of age or older and that you have the capacity to contract under applicable Laws;
11.2. that, if you are registering to use or using the Site on behalf of a legal entity, (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (ii) you, and any individuals utilizing the services on behalf of the legal entity are duly authorized by such legal entity to act on its behalf;
11.3. that you understand the risks associated with using the Site, that you are not prohibited or restricted from using the Site by paragraph 2 of these Terms of Service, and that you are not otherwise prohibited by applicable Laws from using, or acting for the benefit of another Person that is prohibited or restricted from using, the Site and that you have had the opportunity to seek legal, accounting, taxation and other professional advice regarding these Terms and the Site Services;
11.4. that you will not use the Site or any Site Services in order to conceal or disguise the origin or nature of proceeds of crime or terrorist financing, or to further, any breach of applicable AML Laws or CTF Laws, or to deal in any unlawful Digital Tokens, Fiat, property, funds, or proceeds;
11.5. that you will not trade or otherwise transact on the Site or use any Site Services with anything other than Fiat, funds, or Digital Tokens that have been legally obtained by you, that belong to you, and that are free and clear of all liens, claims, and encumbrances;
11.6. that you are currently in compliance with, and must, at your own cost and expense, comply with all Laws that relate to or affect the Site Services conducted under these Terms, including AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, Tax Information Exchange Laws or other tax Laws;
11.7. that you consent to any and all tax and information reporting under AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, Tax Information Exchange Laws or other tax Laws as Gold Plus Coin may reasonably determine;
11.8. that neither you nor any of your Affiliates shall use any Digital Tokens, Fiat, property, proceeds or funds subject to the Site Services of the Site directly or indirectly (i) on behalf of or for the benefit of a Prohibited Person or any Person subject to the jurisdiction of a Prohibited Jurisdiction, except where authorized under any Government Approval or not restricted by applicable Laws; (ii) in violation of or as prohibited, restricted, or penalized under applicable Economic Sanctions Laws; or (iii) in any way that would violate, be inconsistent with, penalized under, or cause the omission of filing of any report required under applicable AML Laws, CTF Laws, or Economic Sanctions Laws;
11.9. that you have not (i) violated; (ii) been fined, debarred, sanctioned, the subject of Economic Sanctions-related restrictions, or otherwise penalized under; (iii) received any oral or written notice from any Government concerning actual or possible violation by you under; or (iv) received any other report that you are the subject or target of sanctions, restrictions, penalties, or enforcement action or investigation under, any applicable Laws, including AML Laws, CTF Laws, Anti-Corruption Laws, or Economic Sanctions Laws;
11.10. that neither you nor any of your Affiliates is: (i) itself or owned (beneficially or of record) or controlled by a Sanctioned Person; (ii) involved in any transaction, transfer, or conduct, whether or not by using or receiving the Site Services from any Gold Tokens Wallet or Digital Tokens Address, that is likely to result in you or your Affiliates or your or your Affiliate’s, shareholders, directors, officers, employees, agents, or partners becoming a Sanctioned Person; (iii) residing or domiciled in, or transferring Digital Tokens, Fiat, funds, or property to, from, or through any Digital Tokens Wallet, Digital Tokens Address or engaging in any transaction on the Site from a Prohibited Jurisdiction; (iv) a Government or Government Official of a Prohibited Jurisdiction or (v) otherwise a Prohibited Person;
11.11. that neither you nor any of your Affiliates or your or your Affiliate’s, shareholders, directors, officers, employees, agents, or partners has directly or indirectly offered, promised, given, or authorized any payment, or offered, promised, given, or authorized the giving of anything else of value, including any Digital Tokens or Fiat, to a Government Official or individual employed by another entity in the private sector in violation of any applicable Anti-Corruption Laws;
11.12. that you will not falsify any Site or Site Services registration or administration details provided to Gold Plus Coin;
11.13. that you will not falsify or materially omit any information or provide misleading or inaccurate information requested by Gold Plus Coin in the course of, directly or indirectly relating to, or arising from your activities on the Site or use of any Site Services, including at registration or during administration or other due diligence processes, and that if any information provided to GPC becomes incorrect or outdated, including information relating to your ownership, you will promptly provide corrected information to GPC;
11.14. that you shall employ reasonable anti-Virus, anti-malware and other software and techniques to protect you and your Gold Token Wallet from being the victim of a hack or of other malicious actions, so as to protect the integrity of your Gold Token Wallet and to keep such Gold Token Wallet and the access to the Site from your account out of the reach of other Persons;
11.15. that you shall not introduce or transmit any Virus into the Site or Gold Plus Coin and its Affiliates’ computer systems;
11.16. that you acknowledge and agree that Fiat, Digital Tokens or other property reflected in your Gold Token Wallet are not segregated assets held in your name or for your benefit but reflected only in the books and records of Gold Plus Coin;
11.17. that you acknowledge and agree that any instructions received or undertaken through your login credentials or from your authorized e-mail address on file with Gold Plus Coin are deemed to be valid, binding, and conclusive regardless of whether there is any error resulting from an instruction made by you or on your behalf, any error resulting, directly or indirectly, from fraud or the duplication of any instruction made by you or on your behalf or the malfunction of any device or compromise of credentials used by you to deliver instructions, and that Gold Plus Coin may act upon those instructions without any liability or responsibility attaching to it;
11.18. that you will fairly and promptly report all income associated with your activity on the Site pursuant to applicable Laws and pay any and all taxes thereon; and
11.19. that you will accurately and promptly inform Gold Plus Coin if you know or have reason to know whether any of the foregoing representations or warranties no longer is correct or becomes incorrect.
12. No Representations and Warranties by Gold Plus Coin: GPC makes no representations, warranties, covenants or guarantees to you of any kind and, to the extent permitted by applicable Laws, GPC expressly disclaims all representations, warranties, covenants or guarantees, express, implied or statutory, with respect to the Site and the Site Services. The Site and the Site Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. GPC may also provide access to features or services that are identified as “beta” or pre-release. Without limiting the preceding sentences in this paragraph, you understand that such services are still in development, may have bugs or errors, may be incomplete, may materially change prior to a full commercial launch, or may never be released commercially.
13. No Advice: Gold Plus Coin does not provide any investment, portfolio management, legal, accounting, tax or other advice, or advice on trading techniques, models, algorithms, or any other schemes.
14. Limitation of Liability and Release: Important: To the maximum extent permitted by applicable Law, you irrevocably agree and acknowledge that no Associate assumes any liability or responsibility for and no Associate shall have any liability or responsibility for any Losses directly or indirectly arising out of or related to:
14.1. any breach by you of these Terms;
14.2. the Site, and your use of it, except as explicitly provided for in these Terms of Service;
14.3. the Site Services, and your use of any of them, except as explicitly provided for in these Terms of Service;
14.4. any failure by you or any Affiliate to comply with applicable Laws;
14.5. any information or materials available through the Site, whether originating from Gold Plus Coin, its Associates or any other Person;
14.6. the real or perceived value of any Gold Tokens or other Digital Tokens traded or utilized on the Site, or the price of any Gold Token or other Digital Token displayed on the Site at any time;
14.7. any inaccurate, misleading, or incomplete statement by Gold Plus Coin or on the Site regarding your Gold Token Wallet, whether caused by Gold Plus Coin’s negligence or otherwise;
14.8. any failure, delay, malfunction, interruption, or decision (including any decision by Gold Plus Coin to vary or interfere with your rights) by GPC in operating the Site or providing any Site Service;
14.9. any stolen, lost, or unauthorized use of your Gold Token Wallet information, any breach of security or data breach related to your Gold Token Wallet information, or any criminal or other third-party act affecting Gold Plus Coin or any Associate;
14.10. Gold Plus Coin electing to support or not support a particular blockchain or protocol, any forked version of any particular blockchain or protocol or any Digital Tokens resulting from a fork of a blockchain or protocol;
14.11. your failure to effectuate the migration of your Gold Token to another blockchain or protocol identified by Gold Plus Coin; or,
14.12. any offer, representation, suggestion, statement, or claim made about Gold Plus Coin, the Site, or any Site Service by any Associate.
You hereby agree to release the Associates from liability for any and all such Losses, and you shall indemnify and save and hold the Associates harmless from and against all such Losses. To the maximum extent permitted by applicable Law, the foregoing limitations of liability, releases and indemnities shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, violation of law or regulation, or any other basis, even if the Associates have been advised of or should have known of the possibility of such Losses and damages, and without regard to the success or effectiveness of any other remedies. This release will not apply claims of Gold Token holders for Losses caused by the Custodian. However, those claims and Losses are limited in the contract governing the Custodian’s custodial and other services for the Gold Reserves.
15. No Waiver; Available Remedies: Any failure by Gold Plus Coin to exercise any of its rights, powers, or remedies under these Terms, or any delay by GPC in doing so, does not constitute a waiver of any such right, power, or remedy. The single or partial exercise of any right, power, or remedy by GPC does not prevent either from exercising any other rights, powers, or remedies. The remedies of GPC are cumulative with and not exclusive of any other remedy conferred by the provisions of these Terms, or by law or equity. You agree that the remedies to which GPC is entitled include (i) injunctions to prevent breaches of these Terms and to enforce specifically the terms and provisions hereof, and you waive the requirement of any posting of a bond in connection with such remedies, (ii) the right to recover the amount of any Losses by set off against any amounts that Tether Gold would otherwise be obligated to pay to you, and (iii) the right to seize and recover against any of your Gold Tokens, other Digital Tokens, Fiat or other funds, or your interests therein, that are held by GPC or any of its Associates.
16. Force Majeure: Gold Plus Coin is not responsible for damages caused by delay or failure to perform undertakings under these Terms when the delay or failure is due to fires; strikes; floods; power outages or failures; acts of God or the state’s enemies; acts of any Government or Government Official; any and all market movements, shifts, or volatility; computer, server, or Internet malfunctions; security breaches or cyberattacks; criminal acts; delays or defaults caused by common carriers; acts or omissions of other Persons; or, any other delays, defaults, failures or interruptions that cannot reasonably be foreseen or provided against. In the event of force majeure, GPC is excused from any and all performance obligations under these Terms.
17. Assignment and Third Party Rights: These Terms, and any of the rights, duties, and obligations contained or incorporated herein, are not assignable by you without prior written consent of Gold Plus Coin. However, the provisions of these Terms which expressly apply to the Gold Tokens shall continue to apply to such tokens following their transfer by you. These Terms, and any of the rights, duties, and obligations contained herein, are freely assignable by GPC without notice or your consent (for clarity, this assignment right includes the right for GPC to assign any claim, in whole or in part, arising hereunder). Any attempt by you to assign these Terms without written consent is void. Subject to the foregoing, these Terms, and any of the rights, duties, and obligations contained or incorporated herein, shall be binding upon and inure to the benefit of the heirs, executors, administrators, personal or legal representatives, successors and assigns of you and of GPC. None of the provisions of these Terms, or any of the rights, duties, and obligations contained or incorporated herein, are for the benefit of or enforceable by any creditors of you or GPC or any other persons, except such as inure to a successor or assign in accordance herewith: and (ii) that the Associates of GPC are intended third party beneficiaries of the rights and privileges expressly stated to apply to the Associates hereunder and shall be entitled to enforce such rights and privileges (including those rights and privileges set out in paragraphs 8 and 14) as if in direct privity under these Terms of Service, subject to the conditions and limitations hereof including those relating to the resolution of disputes. No consent of any Person is required for any modification or amendment to these Terms of Service.
18. Severability: If any provision of these Terms or part thereof, as amended from time to time, is determined to be invalid, void, or unenforceable, in whole or in part, by any court of competent jurisdiction, such invalidity, voidness, or unenforceability attaches only to such provision to the extent of its illegality, unenforceability, invalidity, or voidness, as may be, and everything else in these Terms continues in full force and effect.
19. Sharing of Personal Information: From time to time, Gold Plus Coin receives information requests from Governments, law enforcement agencies and courts around the world. In this context, GPC might be ordered to share and/or will provide on a voluntary basis, if this appears reasonable and necessary, your Personal Information with/to law enforcement agencies, the Persons identified by a court and/or a Government. You hereby consent to the sharing of your Personal Information as further detailed in these Terms, the Privacy Policy and, where applicable, the Law Enforcement Requests Policy.
20. Electronic Communications and Acceptance: You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures that Gold Plus Coin may provide in connection with these Terms through publication on any part of the Site or to your authorized e-mail address on file with GPC. Such notices shall be deemed effective and received by you on the date on which the notice is published on any part of the Site or on which the e-mail is sent to such authorized e-mail address. These Terms may be accepted electronically, and it is the intention of the Parties that such acceptance shall be deemed to be as valid as an original signature being applied to these Terms.
GOLD PLUS COIN COOKIES POLICY
Last updated 22 September 2024
Welcome to goldpluscoin.com, the “Gold Plus Coin” (collectively, “the Site”). This cookies policy should be read in conjunction with Gold Plus Coin Privacy Policy at https://goldpluscoin.com/legal/.
- The Site may use “cookies”. A cookie is a small text file containing a unique identification number that identifies a customer’s browser each time that customer visits a website. The use of cookies is industry standard practice and many major browsers are initially set up to accept them. You can reset your browser to either refuse to accept all cookies or to notify you when you have received a cookie. However, if you refuse to accept cookies, you may not be able to use some of the features available on the Site.
- If you choose to disable or block our cookies on your computer or other device you will need to do this through your browser. Click on the ‘Help’ menu on your particular browser to learn how to manage your cookie preferences. Alternatively, you can visit www.aboutcookies.org or www.youronlinechoices.eu for comprehensive information on how to manage cookies.
- We set cookies (first party cookies) on web pages, however, where we require additional information, we may also allow other companies to host cookies on our Site (third party cookies). These companies have been carefully selected by us and are required to meet contractual obligations they have with us.
What do we use cookies for?
- The cookies on the Site may be from any of the following categories:
4.1 Strictly Necessary cookies – these are used for technical reasons and are necessary to enable the Site to operate efficiently so that you can navigate the Site with ease and use specific features. These include, for example, cookies that help us to debug any errors. If these cookies are blocked or disabled, some of the Site may not operate effectively.
4.2 Functionality cookies – these are used to improve the functionality of the Site and make it easier to use. They help us to identify you as a repeat user of the Site and help us remember your preferences (for example, your choice of language or region).
4.3 Analytical – these record your visit to our Site, the pages you have visited and the links you have followed. We will use this information to make the Site and the advertising displayed on it (if any) more relevant to your interests. We may also share this information with third parties for this purpose.
How do we share cookies?
- We may share information that we collect through cookies, in aggregated form, with carefully selected third parties for the purposes set out above, unless you disable or block cookies.
Asset-Backed Blockchain Ecosystem Tokenizing In-ground Gold.