eosfinex Terms of Service
The following terms and conditions (the “eosfinex Terms of Service”) govern your access to, and use, of our hybrid non-custodial trading offering on the EOS protocol (“eosfinex”) which is designed to facilitate your access to, and use of, our Services (as defined in the Terms of Service).
These eosfinex Terms of Service supplement, and form part of, our standard terms of service, the current version of which is located at: https://www.bitfinex.com/legal/terms (“Terms of Service”). Accordingly, capitalized terms used, but not defined in these eosfinex Terms of service, have the meanings set out in the Terms of Service.
- General Description: eosfinex is a hybrid non-custodial option for accessing the Services. When you access the Services through eosfinex, you are able to deposit Digital Tokens to the eosfinex smart contract and, through the Services, execute one or more spot purchases or sales of Digital Tokens. Only Digital Tokens that are compatible with the EOS blockchain will be accessible to you through eosfinex. You will not have access to other Digital Tokens or other features of the Services, such as peer to peer financing transactions, through eosfinex.
- Accounts: In order to use eosfinex, you will: (a) need an EOS account with at least one EOS in it, and (b) be required to complete a separate registration process. When you register to use eosfinex, you are creating an account with Bitfinex. This may result in you having more than one account with Bitfinex (e.g., an account to access the Services through the interfaces available through Bitfinex.com and a separate account to access the services through the interfaces available through eosfinex.com). Currently, account linking features available on the Services cannot be used to link the account you create to use eosfinex with other Bitfinex accounts.
- Verification Requirements: In order to use eosfinex, you may be required to complete a verification process. Bitfinex has established criteria pursuant to which it will generally require users to complete a verification process (e.g., if your trading activity exceeds certain thresholds, or if we detect certain trading patterns). In order to avoid abuse, Bitfinex does not disclose those criteria in full. Additionally, Bitfinex may elect to follow those criteria or not, from time to time in its sole discretion, and may elect to change those criteria at any time and from time to time.
- Use of Bitfinex Verification: If you have already completed verification for another Bitfinex account, you can use the information provided for your other Bitfinex account to complete the verification process for your Bitfinex account used to access eosfinex.
- Fees: The Fee Schedule for eosfinex is set out at https://www.eosfinex.com/fees and it replaces the Fee Schedule linked to and referenced in the Terms of Service.
- Network Resources: Bitfinex will provide EOS network resources for your first three eosfinex transactions in any 24-hour period. Once you conduct more than three eosfinex transactions in a 24-hour period, you will be responsible for providing the EOS network resources necessary to conduct those transactions. If Bitfinex has excess EOS networks resources available, Bitfinex may choose to provide EOS network resources necessary to conduct more than three eosfinex transactions in a 24-hour period however, Bitfinex is under no obligation to do so (whether based on course of dealing, past practice or otherwise).
- Interpretation: In the event of any conflict or inconsistency between the esofinex Terms of Service or the Terms of Service, these esofinex Terms of Service will prevail to the extent of such conflict or inconsistency. Otherwise, the Terms of Service apply to all use of eosfinex.
- Change to eosfinex Terms of Service: Except where prohibited by applicable Law, we reserve the right to change these eosfinex Terms of Service at any time without notice. Your continued access to or use of eosfinex after any changes indicates your acceptance of such changes. It is your responsibility to review these eosfinex Terms of Service regularly.