Vorsi aims to offer its clients the most transparent framework and discloses all cooperation terms in detail. Creating a secure environment for our clients is our first 

Priority

These Terms of Use constitute an electronic agreement between you (here in after the “User”) and Vorsi International Limited, of 57/63 Line Wall Road, Gibraltar (here in after “Vorsi”) that applies to the User's use of this website, any and all services, products and content provided by Vorsi.

1. The User's rights and responsibilities

1.1. The User has the right to enter and use the Site and the Services, as long as they agree to and actually complies with the Terms of Use. By using the Site, the User agrees to accept and comply with the terms and conditions stated herein.

1.2. The User undertakes to read the entire Terms of Use carefully before using the Site or any of the services provided by Vorsi.

1.3. The User undertakes to comply with any and all applicable laws and regulations related to the use of the Services.

1.4. The User undertakes to monitor all and any changes on their Account, including but not limited to the balance matters.

1.5. The User undertakes to immediately (i.e. right after the moment of discovery) inform Vorsi about any unusual, suspicious, unclear or abnormal changes on their Account. In case of late informing or non-informing the User will be liable for the breach of the Terms of Use and Vorsi will have the right to take any further steps accordingly, including but not limited to report to the relevant state authorities.

1.6. The User agrees that, whenever the Transaction is made, the Platform sends and receives the monetary sums and/or Cryptocurrencies to/from the Buyer's and the Seller's Accounts opened in their name and on their behalf.

1.7. The User is responsible for safely storing any passwords, for choosing complex and difficult to decipher passwords, to ensure inviolability of the User’s account and undertakes to notify Vorsi immediately of any unauthorized use of their Account or password, or any other breach of security by email addressed to info@Vorsicoin.io. Any User who violates the mentioned rules may be terminated, and thereafter held liable for any losses incurred by Vorsi or any user of the Site.

1.8. The User undertakes not to use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking.

1.9. The User is responsible for any and all damages caused and all liability actions brought against Vorsi for infringement of any third-party rights or violation of any applicable laws.

1.10. Nothing in the Terms of Use excludes or limits the liability of the User for fraud, death or personal injury caused by your negligence, breach of the terms implied by operation of law or any other liability which may not be limited or excluded by law.

1.11. Users are solely responsible for determining whether any contemplated Transaction is appropriate for them based on your personal goals, financial status and risk willingness.

1.12. All added payment instruments to your Account, be it a bank account, credit card, debit card, or others must be named after the Account holder. Any attempt otherwise will be considered as fraud.

1.13. The User acknowledges that it shall be responsible for all Orders and instructions provided; the accuracy of all information sent via the internet in the User's name; and passwords and any other personal identification means implemented to identify the User.

1.14. The User acknowledges that Vorsi may refuse to act upon any instruction from a Client or any person authorized by the User if Vorsi reasonably believes that the transaction, pursuant to the instruction submitted, will be in violation of usual market practice, and/or applicable law, including, but not limited to, legislation on money laundering and insider trading.

1.15. The User acknowledges that Vorsi cannot be held liable for the number of days passing between the transfer of Funds from their Account until the time that the transferred Funds are booked in the account with the receiving bank or between the transfer of Funds by the sending bank until the time that the transferred Funds are received by Vorsi and booked on their Account.

1.16. The User acknowledges that subject to a transfer instruction being complete and correct, incoming transfers of fiat Funds will only be booked on the Account and be at the disposal of the User once Vorsi has received the Funds.

1.17. Your acceptance as a Corporate User on our platform shall in no way transfer responsibility to us for your employees or any third parties such as your own clients. A Corporate User applying to list a Token acknowledges that the process for listing a Token takes place at Vorsi´s sole discretion and that the Token application may be delayed, subject to due diligence or further due diligence, rejected or the Token listing cancelled for unspecified reasons by Vorsi at any stage.

1.18. The User accept that failure to disclose any material information or any material change in your circumstances of which we become aware may result in the suspension or closing of your account immediately even if you are initially successful and that you fully bear all resulting liability for any direct or indirect loss or damage which you or any third party may suffer as a result of such suspension or closure.

2. The User's representations and warranties

2.1. By registering an Account, the User expressly represents and warrants that they:

- follow the rules and laws in their country of residence and/or country from which they access this Site and Services;

- has accepted these Terms of Use;

- if a physical person, is at least 18 years old and has the right to accept these Terms of Use and participate in transactions involving Cryptocurrencies and is of sound mind capable of taking responsibility for their own actions;

- that they are providing us with up to date, complete and accurate information and that you will update our records from time to time when the information submitted is out of date or no longer accurate;

- if a corporation or other legal person, that the physical person accepting these Terms of Use has all the requisite corporate permissions and authorities required to open an Account and enter into these Terms of Use on that entity´s behalf and that the opening of the Account is not in breach of any license or other regulatory or legal prohibition which will negate such application;

- if a corporation or other legal person applying to list a Token on the Platform, that the physical person making the application has all the requisite corporate permissions and authorities required to list the Token on the proprietary entity´s behalf and that the listing of the Token is not in breach of any license or other regulatory or legal prohibition which will negate such application or result in the cancellation or suspension of the Token from circulation or the Token listing;

- is not or acting on behalf of a politically exposed person and does not have a relationship (e.g. relative, associate, beneficial owner, etc.) with a politically exposed person. If this statement is untrue or inaccurate, please contact Vorsi at info@Vorsicoin.io in order to understand how to continue using the Services;

- is not investing or using money through the platform that originated in any way through drug trafficking, abduction, terrorist activity or any other criminal activity that is unlawful or could be considered unlawful by any relevant authority;

- shall comply with all local regulative provisions, restrictions and law in their country of residence and that they have verified that their use of the Services does not violate any such laws or regulations of any jurisdiction that applies to them.

2.2. The User represents and warrants that they will only use the Platform to perform Transactions in accordance with the conditions set forth in these Terms and that they are duly authorized and have the capacity to enter into the Transactions on the Platform.

2.3. The User represents and warrants that any Funds deposited to the Account belong to the User and derived from legal sources.

2.4. The User represents and warrants than they will withdraw any Cryptocurrency from their Account only to their proprietary wallets. Vorsi shall have no liability whatsoever for verifying the ownership of any wallet or for any consequences of any Withdrawal made to an Account erroneously or fraudulently notified to Vorsi by the User.

2.5. The User represents and warrants that all Transactions being carried out do not violate the rights of any third party or applicable laws.

3. Vorsi's rights and responsibilities

3.1. Vorsi provides execution-only services to the User unless otherwise agreed.

3.2. Vorsi accepts no obligation to provide advice, surveillance, information or recommendations in respect of any Asset or Service. Any information provided on the Site is for information and does not constitute legal or investment advice.

3.3. Vorsi accepts no obligation to provide any advice to the User on any tax related matters. Vorsi encourages the User to obtain independent advice from its financial advisor, auditor and/or legal counsel with respect to tax implications of the respective Services.

3.4. Vorsi shall have the right to refuse any Orders including orders to establish new or larger positions or to buy or sell Assets.

3.5. Vorsi shall have the right to reduce the size of the User’s open positions. Vorsi will inform the User as soon as practicable regarding such reduction and the reason hereof.

3.6. Vorsi may act as a Market Maker in certain assets.

3.7. Vorsi, when acting as a Market Maker, may quote the User bid and ask prices. Notwithstanding this, the User agrees that Vorsi has no obligation to quote prices to the User at any time in any given market, nor an obligation to quote prices with a specific maximum spread to the User.

3.8. Vorsi may, at Vorsi's absolute discretion, hedge any User position against the position of another User or a position with one of Saxo Bank's Counterparty Exchange or have a proprietary position with the intention to obtain trading profits from such positions.

3.9. Vorsi, as Market Maker, may hold positions that are opposite to positions of the User, resulting in potential conflicts of interest between Vorsi and the User.

3.10. Vorsi does not guarantee any maximum or minimum quotable spreads on crypto-assets.

3.11. Vorsi has the right to suspend the User's Account and block all Cryptocurrency, Fiat currency contained therein in case of non-fulfilment or unduly fulfilment of the Terms of Use by the User or at any other time at Vorsi’s discretion, without providing prior notice.

3.12. Vorsi undertakes to provide the Services with the utmost effort, due care and in accordance with these Terms of Use.

3.13. Vorsi's responsibility shall be limited to using reasonable technical efforts to ensure the receipt of the Cryptocurrency transferred. When initiating Cryptocurrency Transactions to a user who is not the Vorsi User, Vorsi responsibility shall be further limited to ensuring the transfer of the necessary technical data to the Cryptocurrency network.

3.14. To the fullest extent permitted by law, Vorsi is not responsible for any damages, unless the loss suffered is caused by a direct breach of the Terms of Use by Vorsi. In no circumstances is Vorsi responsible for loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss.

3.15. Vorsi is not responsible for any malfunction, breakdown, delay or interruption of the Internet connection or any reason why our site is unavailable at any given time.

3.16. Vorsi is not responsible for the delay in the processing of payments made by the fault of any third parties, operators of such transactions.

3.17. In the case of fraud, Vorsi undertakes to report all the necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law. The Users recognize that their account may be frozen at any time at the request of any competent authority investigating a fraud or any other illegal activity.

3.18. The User acknowledged and agrees that once any Order has been placed has been placed, such Orders may not be cancelled or reversed.

3.19. Nothing in these terms excludes or limits the responsibility of Vorsi for fraud, death or personal injury caused by their negligence, breach of the terms implied by operation of the law or any other liability which may not be limited or excluded by law.