Terms of Use

(1) Anti-social forces etc. such as but not limited to organized crime groups, organized crime group members, semi-constituent members of organized crime groups, organizations involved in organized crime groups, general meeting organizers, social movements, special intelligence violence groups, any individuals or groups aiming elimination of constitutional order or indivisible integrity of the St. Vincent and the Grenadines, or any groups/people equivalent to these).

(2) Interaction, engagement, cooperation or involvement in maintaining, operating or managing anti-social forces through funding or in any other way.

(1) In case of all or part of the registration information provided to Ultorex being incorrect, misleading or missing.

(2) The registrant being a minor or a ward and the consent of a parent or custodian, guardian or a legal representative has not been obtained, or lacking legal capacity.

(3) The Registrant Applicant acting as being a member of an anti-social forces or through cooperation or involvement in the maintenance, management of anti-social forces through funding or in any other ways, or if Ultorex determines that any kind of exchange or engagement with anti-social forces, etc., within the last five years has occurred.

(4) In the event that Ultorex judges that the registrant is conducting or has done the acts listed in Article 8 paragraph 1 or Article 12 paragraph 1.

(5) If the registrant lives in a country or region where this Service is not provided, or resides in a country or region for which use of this Service is prohibited, or if Ultorex cannot provide these Services due to arbitrary conditions.

(6) If Ultorex determines that registrant is not appropriate.

(1) The Ultorex Exchange provides a place to match registered users who want to sell Cryptocurrencies (hereinafter referred to as "Sellers") with Registered Users who want to buy Cryptocurrencies (hereinafter referred to as "Buyers"). If Ultorex deems necessary by its own sole discretion, it may be a party in buying and selling. Ultorex does commit or guarantee merchantability, performance, fitness to purpose and volatility or stability for Cryptocurrency trading between Registered Users.

(2) Sellers and Buyers can make a transaction to buy or sell Cryptocurrency according to the terms and procedures defined by Ultorex by its sole discretion. The price to buy and sell Cryptocurrency is determined by a realized match in the price offered by the Seller and accepted by the Buyer; Registered Users agree and declare that Ultorex Exchange has no responsibility for setting of Cryptocurrency buying or selling prices whatsoever.

(3) When the price matches and a trade is executed, it is deemed a contract concerning the sale and purchase of the relevant cryptocurrency has been concluded between the Seller and Buyer. Registered users accept and acknowledge they cannot cancel a transaction after such contract has been concluded.

(1) Registered Users can make transactions to sell or purchase Cryptocurrency according to the terms and procedures set by Ultorex by its sole discretion. The price to buy and sell Cryptocurrency is based on the price determined by the terms and procedures prescribed by Ultorex by its sole discretion. Registered Users agree and acknowledge they cannot file objections against terms and procedures set by Ultorex on price determination . Ultorex does not commit or guarantee merchantability for Cryptocurrency trading between Registered Users.

(2) When the price is determined pursuant to the provisions of the preceding paragraph, it is deemed that a contract concerning the sale and purchase of cryptocurrency between the Registered User and Ultorex has been concluded. Registered Users accept and acknowledge they cannot cancel a transaction after such contract is concluded.

(1) Registered Users shall be entitled to deposit legal tender or Cryptocurrency into the Registered User's account by the methods prescribed by Ultorex for using this Service. Deposit of legal tender or Cryptocurrency shall be deemed entrusted at the time of acceptance by Ultorex after checking the legal tender or Cryptocurrency, not at the time of ordering or completion of the relevant transfer or other procedures by the Registered User or the third party transferring legal tender or Cryptocurrency on behalf of the Registered User, such as but not limited to banks, payment service providers, electronic money providers, virtual currency exchange markets or virtual currency issuers. In addition, in the event, without prior consent of Ultorex, currencies, tokens and any other forms of medium of exchange (hereinafter referred to as "Non-Service Currency") that Ultorex does not list or accept is deposited to the Registered User's account, the Registered User agrees and acknowledges that Ultorex shall have no responsibility of the Registered Users or any third party's losses or whatsoever due to sending, depositing, refunding or other processes of it. Regardless of refusing to refund or refunding a non-serviced currency, Ultorex shall be entitled to charge a fee with respect to the depositing of the non-service currency.

(2) Ultorex shall fulfill requests of legal tender withdrawal from Registered User account or transfer of Cryptocurrency in accordance with the method preferred by the Registered Users among the options, which Ultorex shall be entitled to provide with its sole discretion, according to the request of Registered User. Registered Users shall designate withdrawing or paying destinations at their own risk and Ultorex shall not be held liable for any such monetary or Cryptocurrency losses, in the event of payment or withdrawal of legal tender or Cryptocurrency has been realized in accordance with the order of Registered Users. Ultorex shall not be responsible for the accuracy and effectiveness of the information on the destination or destination provided by Registered Users.

(3) If a blockchain incident such as but not limited to a hard fork, other changes in the specification of the Cryptocurrency, or if an air drop occurs, Ultorex will decide how to handle the situation on a case by case basis. For such cases, Registered Users accept and acknowledge that Ultorex has no responsibility even if Ultorex does not take countermeasures for damages and losses of Registered Users or third parties.

(1) United States of America

(2) People's Republic of China

(3) North Korea

(4) Iran

(5) Syria

(6) Sudan

(7) Cuba

(8) St. Vincent and the Grenadines

(1) Unless otherwise stipulated by Ultorex, Staking Programs are free of charge and Users may trade during the staking period;

(2) Ultorex does not guarantee User's proceeds under any Staking Program;

(3) Ultorex has the right to initiate or terminate a Staking Program for any Cryptocurrency or modify rules on such programs in its sole discretion;

(4) Users shall ensure sources of the Cryptocurrency they hold in Ultorex wallets are legal and compliant and undertake to observe related laws and regulations. Otherwise, Ultorex has the right to take necessary steps in accordance with these Terms or Ultorex Platform Rules, including, without limitation, freezing Ultorex Accounts or deducting the Cryptocurrency awarded to Users who violate the rules of respective Staking Programs.

(1) Acts that infringe the Intellectual Property Rights of Ultorex or Ultorex Exchange or other Registered Users of this Service (including acts directly or indirectly induce such infringement).

(2) Without prior consent of Ultorex, all and any Intellectual Property Rights, such as copyrights, trademark, design, which belong to Ultorex, shall not be used, duplicated or provided to a third party.

(3) Commercial secrets and privacy rights, honor and other rights or interests of privacy of Ultorex, Ultorex affiliates, others related to Ultorex, or other Registered Users of this Service must not be infringed directly or indirectly.

(4) Acts of fraud, starting or inviting to infinite chain lectures such as but not limited to Ponzi schemes, selling or purchasing goods or services that are illegal or constitute crime, transferring or laundering revenue generated from crimes or utilizing services based on it.

(5) Acts related to criminal acts or acts contrary to public order and morals.

(6) Acts of sending messages on dating to the opposite or same sex.

(7) Sales promotion acts to other registered users such as advertisement distribution (unless Ultorex gives prior approval).

(8) Acts that violate laws or regulations, or the internal rules of Ultorex or other trade associations to which Registered Users belong.

(9) Act related to double handover of cryptocurrency or act of trying it.

(10) Acts of sending information including computer viruses and other harmful computer programs or software, or acts of destroying or obstructing the system, server, network or other functions managed by Ultorex or unnecessarily giving excessive burdens.

(11) Acts that defect systems, servers, networks managed by Ultorex or this Service to cause bugs, security holes and other errors.

(12) Act to tamper with usable information about this Service.

(13) Act of transmitting data exceeding a certain data capacity specified by Ultorex.

(14) Act that may interfere with the operation of this Service by Ultorex.

(15) Act of intentionally stealing assets of Registered Users, Ultorex or Ultorex affiliates by replay attack or any other network attacks or techniques.

(16) Act of distributing false information, act of affecting the trust of Ultorex using spoofing or power or extortion.

(17) Creation of multiple accounts by the same person.

(18) One account used by multiple people or third parties.

(19) An act of opening an account with the name of another person (including a hypothetical person), or an act of providing false information to Ultorex Exchange pertaining to all or a part of the Registration Information.

(20) Transfer and assignment of an account to third parties.

(21) Except in the case of obtaining written consent from Ultorex in advance, the act of providing information obtained by this Service to a third party, or providing the same or similar services such as but not limited to selling and purchasing of Cryptocurrency, transfer of Cryptocurrency, or providing payment or price information, for commercial purposes, or to control subsidiaries or third parties under your control.

(22) Acts that impede market price action or fair price formation in the exchange.

(23) Depositing or acceptance of legal tender to a Registered User account from a third party or from bank or payment service accounts or cards under the name of a third party other than the Registered User himself or an act of paying money from a Registered User account to a third party. (Except when explicitly permitted from Ultorex in advance.)

(24) Depositing or acceptance of legal tender from card-less transactions through ATMs or similar other mechanisms.

(25) Other acts that Ultorex deems inappropriate.

(1) In case of periodic or urgent inspection or maintenance of the computer or system related to this Service

(2) Ceasing of computer or communication lines etc. due to an accident

(3) When the Service cannot be operated due to force majeure such as fire, power outage, natural disasters, war, political change, strikes, pandemics, changes in laws and regulations etc. and sudden change of statutory currency or Cryptocurrency circumstances

(4) Hacking or other cases of Ultorex Exchange's assets being stolen

(5) A fault in the system or other systems necessary for providing this Service

(6) When investigating unauthorized use of accounts etc.

(7) In the case that Ultorex deems necessary to investigate based on laws and regulations, Ultorex internal regulations or policies or internal rules of trade associations to which Registered Users belong.

(8) If Ultorex decides or suspects, with its sole discretion, that all or a part of the legal tender or Cryptocurrency in the Registered User's account is related to crime proceeds.

(9) When the liquidity of the Cryptocurrency declines significantly.

(10) In the case that Ultorex determines that Ultorex does not list part or all of the Cryptocurrency or provide related services as a result of a blockchain branching such as hard fork but not limited to other changes of cryptocurrency specification etc.

(11) In the event that Ultorex decides, with its sole discretion, that continuation of service provision cannot be continued due to acceptance of or changes in applicable laws, regulations, presidency decisions, presidency decrees, communiqués, administrative or court decisions, administrative or governmental policies and political or economic or social conditions, etc.

(12) In the event courts or administrative authorities of St. Vincent and the Grenadines, such as but not limited to Financial Crimes Investigation Board, Capital Markets Board, Banking Regulation and Supervision Agency, requests or orders suspension or termination of Services for all or part of the Registered Users. Termination or suspension under this paragraph shall be interpreted broadly and include, without limitation, ceasing of transfers of legal tender or Cryptocurrencies, canceling buying, selling or position opening orders, closing open orders or transferring assets of Registered Users or third partie legal tender or Cryptocurrency assets to the recipients and with the methods specified by such administrative authorities or courts.

(13) In the case that Ultorex judges, with its sole discretion, that discontinuance or suspension is necessary

(1) If Ultorex judges with its sole discretion that a Registered User violates or has a risk of violation of these Terms.

(2) If Ultorex finds out that the Registration Information consisted of incorrect or deficient information.

(3) When Ultorex judges that the Registered User's purpose or method of usage of the this Service will cause damage to this Service, Ultorex, Registered Users, or others who intend to use this Service, based on reports, opinions, decisions etc. through public agencies, self-regulatory bodies, or other third parties.

(4) If a Registered User conducts interference with the operation of this Service, regardless of means.

(5) In case of insolvency or petition for bankruptcy, concordat or reconstruction procedures

(6) In case of receiving a disposition of dishonored bills or checks handed down or underwritten by themselves or when receiving a disposition of suspension of transactions at the clearing house or similar measures.

(7) In case of seizure, provisional seizure, provisional disposition, compulsory execution or a petition for auction.

(8) When any necessary payments or fees etc. arisen from this Terms is not paid by the prescribed deadline by Ultorex. Ultorex may also impose the measures specified under Article 9(2) temporarily until the expiration of a deadline provided for refunding.

(9) In case of receiving tax delinquency in taxes and duties.

(10) In the case of death or receiving a judgment on the commencement of guardianship, the commencement of conservation or the commencement of subsidy.

(11) If there is no use of this Service for more than 3 months and there is no response to contact attempts from Ultorex.

(12) In the case where Ultorex judges that there is a possibility of falling under or corresponding to items of Article 3 and Article 5.

(13) When a Registered User shows a bad attitude to an extreme extent to Ultorex or Ultorex employees through communication means such as telephone, fax, mail, message or support chat.

(14) When instructed or requested from a public agency or self-regulatory agency, court or a tribunal etc.

(15) When the circumstances defined under Article 22 occurs and the Registered Users fail to agree, commit and abide with the amended Terms or newly proposed contract, or fulfill the updated obligations for provision of this Service, such as but not limited provision of additional information or documents, within the deadline specified by Ultorex.

(16) If Ultorex determines that continuation of registration as a Registered User is not appropriate, under its sole discretion.