Last Update: 27.08.2025
This Site is owned and operated by Lergen Style LP, a company officially registered in the United Kingdom at 17 Union Street, Suite 1, Dundee, DD1 4BG, Scotland, UK.
These Terms, Conditions and Risks define the rules of interaction between UMI X administration and you, the visitor of the Site, the User of the Services and the software (Software).
UMI X reserves the right to modify the current Terms, Conditions and Risks as necessary. Any changes to the text shall take effect immediately upon publication on the Website and shall take precedence over the previous version of the Terms, Conditions and Risks. For this reason, the User should personally check this page for changes, doing so systematically (referring to the date of the last update at the top of the page).
In order to perform any transactions on the UMI X platform, including trading on the exchange and P2P platform, deposit and withdrawal of assets, it is necessary to register with an e-mail address.
UMI X uses a set of rules according to which you may or may not be allowed to use our Site, its services and any services (functions) provided by it. You are personally responsible for compliance with these regulations. For its part, UMI X does not assume responsibility for individually checking each User's compliance with the regulations, including the prohibitions listed below. However, if we discover any breach of the regulations, the User may be denied access to services and facilities without any compensation.
1. Persons who are minors under the laws of their country of citizenship/residency and who have not yet reached the age of 18 may not visit the Site and use the Services/PPO offered by it. Therefore, by using the Site, you assure the Administration that you are of the required age - you must be of legal age under the laws of your country of citizenship/residency and be over 18 years of age.
2. We strongly advise you to comply with the laws of the countries whose laws are directly relevant to you, and strongly insist that you stop using the Site immediately if the Services and Software offered by it, as well as cryptocurrencies and tokens and any actions with them, the use of blockchain-based platforms or all kinds of crypto-projects are directly or indirectly prohibited in the country of your citizenship, as well as in the country of your temporary or permanent residence, domicile or tax residency You represent and warrant that you are not a citizen or resident of a country whose laws prohibit you from accessing or using such web resources, including:
• The United States of America (as listed below);
• Other countries where there is a legal prohibition (including indirect) on visiting and using web resources of this orientation (hereinafter generalized as “Prohibited Countries”).
Any person who is a citizen, tax resident or resident of the United States of America (“Prohibited Country”) may not access the Site or use its Services/software. In view of the foregoing, if you are a U.S. citizen, a temporary or permanent resident of the United States or a U.S. tax resident, you should immediately leave the Site and not use its Services and Software, either personally or through any third party.
UMI X does not assume any responsibility for any violation by Users, whether natural or legal persons, of any legal regulations, requirements, rules and restrictions. The Users themselves are responsible for any violations of the law applicable to them. Users are responsible for familiarizing themselves with the laws applicable to them regarding the legality of their use of the Services/software and for following any legal requirements applicable to them.
Users should be aware that they may be deprived of access to the Site in part or in full under the applicable laws of a particular country or due to the presence of their country in the list of “Prohibited Countries”.
It is forbidden to visit official resources and use UMI X, including the exchange, the P2P platform and the internal wallet, for any purpose that does not correspond to their direct purpose. Among other things, the User is not authorized to use UMI X for commercial purposes, unless they have a legal agreement directly with the UMI X Administration.
With regard to the UMI X platform, its affiliated websites, its social networks and any products, among other things, it is prohibited:
• Use the UMI X platform and its content in any of the following ways: copy any content, create analogs, compilations or catalogs without express written permission from the UMI X Administration. And copy or adapt UMI X software, including HTML, JavaScript or other code, among others.
• Use the UMI X platform and/or its contents in any way for any commercial enterprise, the purpose of which is to generate revenue or any other benefit, without express written authorization from the UMI X Administration. It is also prohibited to remove copyright or other proprietary notices from any content posted on or obtained from the UMI X platform.
• It is unlawful to obtain Users' confidential data in any way, including their name, address and secret (mnemonic) phrase from a cryptocurrency wallet, email address and password, Telegram account login details and other personal information for any purpose and by any means, e.g. through fraudulent correspondence in a user chat room, etc.
• Insult, argue and bicker, including about politics and religion, when communicating with other Users or the Administration in official chat rooms or other public places. Also when communicating in public places should strictly adhere to certain rules that are published there.
• Attempt to mislead UMI X Administration or its Users by impersonating another User or UMI X official.
• Use robotic, automated systems or other similar tools when making or attempting to make any transactions on the UMI X platform.
• Use the UMI X platform in your own name for advertising purposes for your own benefit or to create offers for the sale of various goods and services, including the sale/lease or other transfer of your personal account to any third party.
• Knowingly take advantage of any technical or technological errors, malfunctions, bugs, vulnerabilities or other faults that may occur in the operation of UMI X. Upon discovering any such problems, the User should immediately contact UMI X's technical support and inform them of the information available.
• Download, transmit (or attempt to do so) any file viruses or other malicious programs that may interfere with the stable operation of UMI X or otherwise disrupt any functions that are in any way related to the operation or maintenance of UMI X.
• Download, transmit (or attempt to do so) any material relating to active or passive information gathering or transmission mechanisms, including but not limited to formats such as GIF graphics, 1×1 pixels, web errors, cookies and any other similar tools such as “spyware”, “passive collection mechanisms” or “PCM” and the like.
• In any way threaten, intimidate, harass, harass, abuse or harm Users, UMI X Administration or its agents in any way, in any way, to any extent whatsoever.
• Interfere in any way with the operation of UMI X, including by disabling or bypassing any of the functions that provide, among other things, copy protection for any content on the UMI X platform, with the aim of compromising the security and smooth operation.
• Post links on the UMI X platform, including its affiliated sites and social networks, without the express authorization of the UMI X Administration.
• Interfere in any way with the operation of UMI X, creating any problems for its normal functioning, as well as for the purpose of partially/completely disabling it, including, but not limited to, creating an increased load on the platform or on the servers used by it.
• To cause any damage to the UMI X platform and/or its team in any way and in any manner whatsoever. We shall determine and assess the extent of the damage at our own discretion. It is also forbidden to use UMI X in ways that are contrary to any statutory provisions and/or regulations.
• In any way mislead (or attempt to mislead) UMI X Administration, our support staff and other agents/employees; use any automated means, including scripts to send any kind of messages; use services/scripts/robots and other tools for data mining, data extraction and data collection.
• Develop, distribute and/or use any automated systems, fraudulent utilities, parsers, scripts or offline readers, among others, to gain unlawful access to any content on the UMI X platform, including its affiliated websites and social networks.
• Engage in any action of one kind or another to decrypt, decompile, disassemble or reverse engineer any software that is in any way a component part of UMI X; circumvent (or attempt to do so) any of UMI X's security mechanisms designed to protect or restrict access to any part of UMI X.
• Perform any actions on the UMI X platform that may be related in one way or another to money laundering, financing of terrorism, organizing and conducting illegal gambling, among other things, as well as actions that violate in one way or another international laws and the laws of your country of residence and/or domicile.
• Unless otherwise stated, offer to rent, sell, sell, lend, transfer, distribute or sublicense your personal account, as well as our services, digital items or assets in any form. Unless otherwise stated, make our services available over a network where it is possible to use them from multiple devices at the same time.
ATTENTION: IF YOU VIOLATE ANY OF THE PROVISIONS OF THESE TERMS, CONDITIONS AND RISKS, YOU MAY BE DENIED THE USE OF UMI X IN ANY WAY, INCLUDING DENIAL OF USE OF THE EXCHANGE, P2P PLATFORM AND INTERNAL WALLET. YOUR ACCOUNT MAY BE TEMPORARILY OR COMPLETELY BLOCKED. AS A RESULT, YOU MAY LOSE SOME OR ALL ACCESS TO THE FUNCTIONALITY OF THE ENTIRE UMI X PLATFORM, INCLUDING ACCESS TO THE DIGITAL ASSETS (CRYPTOCURRENCIES/TOKENS) IN YOUR BALANCE ON THE UMI X PLATFORM, INCLUDING YOUR INTERNAL WALLET. THEREFORE, BY ACCEPTING THE TERMS, CONDITIONS AND RISKS, YOU ACKNOWLEDGE AND AGREE THAT IF YOU VIOLATE ANY OF THE PARAGRAPHS OF THE APPLICABLE REGULATIONS, YOU MAY LOSE ALL THE FEATURES PROVIDED BY THE UMI X PLATFORM WITHOUT ANY FORM OF COMPENSATION. YOU FURTHER AGREE THAT WE MAY TERMINATE YOUR ACCOUNT (TEMPORARILY OR PERMANENTLY) WITHOUT PRIOR NOTICE TO YOU AND THAT WE WILL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY SUCH TERMINATION.
Rules for trading digital assets on the P2P platform and on the UMI X platform in general
Each User shall know and understand the risks in using the UMI X Platform Services as set forth in these Terms, Conditions and Risks, including without limitation the following:
Users registered on UMI X may trade digital assets (cryptocurrencies, tokens and others, including NFTs, if available) on an exchange and make peer-to-peer (direct) transactions with each other on a P2P platform using both digital assets and fiat currencies (hereinafter referred to as “Seller” and “Buyer” respectively).
A User is not allowed to register more than one account.
Any User may act as a Seller and/or Buyer on both the Exchange and the P2P platform. However, within one order, a Seller cannot act as a Buyer at the same time, and vice versa.
Information about buying/selling with limit and market order on the exchange.
A Limit Order allows you to buy/sell a digital asset at a specified price (in case another Buyer/Seller agrees to do so).
A Market Order allows to buy/sell a digital asset at the nearest available price from all existing Limit Orders (in case there are such orders).
The User should carefully review all information regarding the purchase/sale using limit and market orders, including, without limitation, the possibility of fluctuations in the price of digital assets, the amount of commissions and other fees (even if UMI X does not charge any commissions or fees for its own remuneration now, they may appear in the future). UMI X shall not be liable for errors made by the User.
Determining the value of digital assets
Users understand and recognize that the value of digital assets can change at any time. The determination of the price of digital assets may depend on many factors and UMI X has no influence on this.
Also in the case of a market order, the price at the time of submission of the buy/sell order and the price at the time of execution of the buy/sell order may be very different for reasons independent of the Website.
The Seller initiates a transaction by placing an offer to sell (“Sell Order”). The Sell Order may specify: the digital asset selected for the transaction; its exchange rate; country; fiat currency for which you want to sell; payment method, minimum transaction amount, preferred response time, maximum transaction time, notes and other options if available. The order is posted as soon as you create it.
Buyer initiates a transaction by posting a purchase offer (“Purchase Order”). The Purchase Order may specify: the digital asset selected for the transaction; its exchange rate; country; fiat currency for which you want to buy; payment method; minimum transaction amount; minimum Seller rating; preferred response time and maximum transaction time, notes and other options if available. The Order is published as soon as you create it.
After creating an Order, you must wait for the Buyer/Seller to respond to it. Only then can the transaction be concluded.
In addition to creating your own Buy/Sell Order, the User can respond to any of the available orders on the P2P platform by accepting the offer of interest.
When the Buyer/Seller accepts the offer to buy or sell (Order), UMI X deposits the Seller's digital assets in accordance with the Order. UMI X transfers the Seller's digital assets to the escrow account and protects them until the transaction is finalized. The deposit of the Seller's digital assets is an assurance that the Buyer will receive them on its balance sheet after the transaction is completed.
The Buyer transfers fiat funds to the details specified by the Seller in the Order, optionally takes a screenshot of the completed transaction and provides it to the Seller. The Seller, in turn, checks the receipt of funds and, if received, must confirm receipt from the Buyer on the Site. Upon confirmation of the transfer, the Seller's digital assets are transferred from the escrow account to the Buyer's balance.
For security reasons, UMI X may in some cases delay the unlocking of digital assets from the escrow account and transfer to the Buyer's account for up to 72 hours due to the risks associated with the possibility of payment revocation. Upon Seller's confirmation or after the expiration of the security period (up to 72 hours), UMI X will unlock the digital assets and transfer them from the escrow account to the Buyer's account.
Communication between the Seller and the Buyer takes place directly in the internal chat after the transaction has been agreed without any mediation by UMI X (however, in disputed cases, Platform Arbitration may intervene to settle the dispute). We do not take part in transactions between Seller and Buyer - the transaction takes place automatically according to the parameters of the Order. Before executing any transaction, both Users must verify with whom they are transacting - whether their counterparty complies with the Terms, Conditions and Risks regulations. UMI X does not verify Sellers and Buyers and does not guarantee that Users fulfill the requirements of the legislation applicable to them.
UMI X RESERVES THE RIGHT TO REFUSE TO PROCESS OR CANCEL ANY OUTSTANDING WARRANTS AS REQUIRED BY LAW OR IN CONNECTION WITH A JUDICIAL REQUEST, COURT ORDER OR OTHER BINDING ORDER OF GOVERNMENTAL AUTHORITIES. UMI X HAS THE RIGHT TO REFUSE TO PROCESS OR CANCEL WARRANTS THAT WE BELIEVE CONSTITUTE MALICIOUS/FRAUDULENT ACTIVITY. WE ALSO RESERVE THE RIGHT TO REFUSE TO PROCESS OR CANCEL ORDERS WHICH IN THE CURRENT CIRCUMSTANCES CONTAIN MANIFEST ERRORS AS TO PRICE, AMOUNT OR OTHER PARAMETERS OR WHICH MAY IN ANY WAY VIOLATE THESE TERMS, CONDITIONS AND RISKS.
NEITHER THE SELLER NOR THE BUYER MAY CANCEL AN ORDER ONCE THE SELLER HAS CONFIRMED RECEIPT OF THE PURCHASE AMOUNT FROM THE BUYER. CANCELLATION OF AN ORDER MAY BE REQUESTED PRIOR TO CONFIRMATION OF THE TRANSFER IF THE OPTION IS AVAILABLE.
Seller is obligated to:
• comply with the regulations of these Terms and Conditions, Terms and Risks, Privacy Policy and other UMI X regulations and rules, as well as applicable laws;
• hold digital assets in the amount specified in the Order;
• respond in a timely manner to the Buyer's acceptance of the Order and to any changes in the status of the Order;
• verify and confirm receipt of funds from the Buyer in a timely manner;
• provide UMI X with all necessary information and documents in the event of a dispute;
• comply with all tax, anti-money laundering and KYC regulations applicable in the relevant jurisdiction;
• provide correct details in the Order;
• be polite in communication with the counterparty.
Buyer is obligated to:
• comply with the provisions of these Terms and Conditions, Terms and Risks, Privacy Policy and other UMI X rules and regulations, as well as applicable law;
• respond in a timely manner to any changes in the status of the Order;
• timely and in good faith transfer the exact amount of funds within the payment system as specified in the Order, making sure that the data entered before making the transfer is correct (must fully match the data specified by the Seller in the Order);
• provide UMI X with valid proof of payment and other necessary information about the transaction within 180 days after the completion of the transaction;
• comply with all tax, anti-money laundering and KYC regulations applicable in the relevant jurisdiction.
• be courteous in communication with the counterparty.
In case of repeated or gross violations of the rules, fraud attempts and other illegal manipulations, the User's account and all detected affiliated accounts will be blocked FOREVER. All digital assets from such accounts may be seized by UMI X and used at its sole discretion, including sending them to the Fraud Relief Fund or submitting them to the control of the relevant authorities.
• It is forbidden to “knock out” User Orders, i.e. to respond to Orders without the intention to make a transaction on them, but only with the purpose of making these Orders disappear from the list of available Orders on the P2P platform.
• It is forbidden to communicate about the transaction in private messages, social networks and so on - only a special chat room on the UMI X platform, which appears after the Order has been accepted, is intended for this purpose.
• It is forbidden to change the amount specified in the Order after it has been accepted by chatting with the counterparty - if it is necessary to change the amount, it is necessary to cancel the Order (if this option is available) and create a new one.
• It is forbidden not to agree to the deal at the specified price, ignoring the Order after its acceptance.
• It is forbidden to write the terms of the deal in capital letters (with Caps Lock on).
• It is forbidden to change your nickname to the nickname of a big trader (or similar to it) in order to deceive counterparties or mislead them.
• It is forbidden to create trades if you have no intention to complete them.
• It is forbidden to incite a counterparty to change the price of a trade. If someone writes to you in chat and asks you to change the price - immediately contact tech support. Violators may be subject to strict measures, up to a permanent ban.
• Buyers who make deals that they do not intend to finish or do not follow their Purchase Orders, i.e. have Orders canceled at the status “Pending Payment”, fall under a moratorium for a period of 3 hours or more. This rule is introduced to prevent malicious “knocking out” of Sell Orders from trade offers and against Buy Orders whose owner does not intend to trade or is a bot.
• It is forbidden to specify details for payment of the transaction in the “Transaction Terms” field of the Order. The Seller must use a special field for providing details when creating an Order.
• It is forbidden to treat other Users disrespectfully - be polite and tolerant.
• Report any violations of the rules by other Users to the technical support immediately.
• It is forbidden to act in ANY way to deceive Users. For example, it is forbidden to convince a counterparty in the transfer of funds, which you did not carry out. Fraudsters may be subject to the strictest measures, including permanent ban with confiscation of all assets.
If the Buyer/Seller asks you to communicate with him/her in private messages outside the UMI X platform and/or offers you a more favorable exchange rate if you make a transaction with him/her outside of UMI X, insists on different terms, etc. - we do not recommend dealing with him/her. Besides, it simply makes no sense for you to make an exchange outside of UMI X, as transactions on the P2P platform are carried out without commissions - you don't overpay anything, but you can be sure of your safety, as our platform ensures full implementation of the transaction.
If you agree to non-standard conditions of a Buyer/Seller who asks you to conduct a transaction outside of UMI X - you do it at your own risk! In such a case, if your counterparty turns out to be a fraudster, we cannot help you.
UMI X encourages all of its users to interact on the basis of trust and mutual respect.
You understand and agree that UMI X and Users of the Platform have the right, in some cases, to verify your accounts outside the Platform, for example, without limitation, on social media - social networks, forums, blogs, video hosting sites and so on - to assess reliability.
Each UMI X User also has its own Rating within the Platform.
The User's Rating depends mainly on the number of completed transactions and positive/negative feedback. You understand and agree that in the interest of our platform and all Users, as well as for the efficiency of transactions, your Rating is available to other Users. Such Rating in your profile relates only to actions taken on the Site and does not relate to your identity.
User agrees not to use the Rating to enter into an employment relationship, obtain credit, credit evaluation, loan, or for any other such decisions.
UMI X has the right, but not the obligation, to verify reviews left by other Users about you.
UMI X shall not be liable for any claims or damages arising out of any reviews about you.
UMI X reserves the right to block a User based on their low Rating for security purposes and to improve the quality of service of the entire platform.
UMI X is entitled to receive remuneration (commission) for the use of the Services, including for trading in assets. Even if UMI X does not charge commissions now, we reserve the right to charge them in the future.
By using our Services, Users are obliged to pay all necessary commissions, if any. Fees may be charged directly to the User's balance, escrow account, and so on.
Unless otherwise stated herein, any commissions paid to UMI X are non-refundable.
Users may use various fiat currencies (rubles, hryvnias, dollars and so on) in exchange for digital assets, and may also use various payment methods, including but not limited to bank transfer, PayPal or other payment systems.
Buyer agrees to cover all costs, including conversion fees and bank fees associated with currency transfer/conversion.
All commissions of banks or payment systems shall be paid by the Buyer, and the Seller's account shall receive the exact amount specified in the Order. For example, if the transaction amount is 100$, the Buyer shall transfer 100$ to the Seller and pay all possible commissions himself.
Users recognize that the exchange rates of fiat currencies and digital assets may change at short notice. Therefore, Users are solely responsible for fluctuations in exchange rates and assume all associated risks.
The exchange rates of fiat currencies/digital assets are fixed at the time of taking the Order and cannot be changed under any circumstances. The terms and conditions of the Order are binding on both the Seller and the Buyer.
Any disputes between the Seller and the Buyer in relation to the transaction shall be resolved by arbitration - arbitrators of the Site. Arbitrators are an internal service of the Site, the decision of which is final and binding for the Seller and the Buyer. If the Seller and the Buyer agree to change the terms of the transaction outside the Order, UMI X will not resolve the dispute between them, as it considers such a transaction to be fraudulent.
The party failing to fulfill its obligations shall compensate all damages and fees in connection with the dispute, including, if any, the costs of resolving the dispute, UMI X's and the arbitrators' fees and so on.
In the event of a dispute, UMI X reserves the right to block and temporarily disable the User's account until the dispute is resolved, as well as following the outcome of the dispute if fraud is detected. The User is not entitled to register another account.
If the Seller does not respond to requests, we may resolve the dispute in favor of the Buyer if we are certain and have proof that the Seller has received the necessary payment from the Buyer. If the Buyer does not respond to requests - the Seller may open a dispute, and in case of confidence in the correctness of actions, we will resolve such dispute in favor of the Seller.
Once a transaction is confirmed by the Seller, canceled by the Buyer or automatically canceled because it has not been marked as paid, it is considered complete and cannot be disputed, canceled or modified.
UMI X does not currently have the tools to fully verify and monitor the activities of Users in order to combat money laundering.
Each User is solely responsible for taking all necessary precautions and checking their counterparties in the course of trading on the Site.
The User shall not maliciously use the Site for money laundering and shall not use funds obtained by criminal means in violation of the anti-money laundering legislation. We encourage you to steadfastly follow the laws of your country and not use the platform for illegal transactions. In case we or Users manage to notice such actions on your part, your data may be transferred to the relevant authorities, your account will be blocked with all assets without any possibility of compensation. More details - below in the relevant block.
You agree and understand that in some jurisdictions, trading operations may only be conducted by Users who have been verified at the required level in accordance with the regulatory requirements of a particular country. UMI X does not monitor the verification processes of Users and is not responsible for the actions of Users for whom the use of our Services is restricted. By registering an account and using our Services, you represent and warrant that you have passed the required verification in the relevant jurisdiction. If such verification is revoked, you agree to notify UMI X immediately and to refrain from accessing those parts of the Site and/or Services that are subject to restrictions.
We reserve the right to deny access to any User if we have reason to believe that such User does not comply with anti-money laundering and verification laws, and may report suspicious transactions to the competent authorities.
IF WE HAVE REASON TO BELIEVE THAT YOU ARE USING THE SITE FOR FRAUDULENT AND/OR UNLAWFUL PURPOSES OR ARE NOT AUTHORIZED TO DO SO UNDER THE LAWS OF YOUR COUNTRY, WE MAY, IN OUR SOLE DISCRETION, BLOCK, TEMPORARILY DISABLE OR TERMINATE YOUR ACCOUNT OR REFUSE TO PROVIDE YOU WITH ANY SERVICES. IF YOU COMMIT ANY FRAUDULENT AND/OR ILLEGAL ACTS, UMI X RESERVES THE RIGHT TO PURSUE ANY NECESSARY LEGAL REMEDIES, TO DISCLOSE YOUR PERSONAL DATA TO THE COMPETENT AUTHORITIES, AND YOU MAY BE HELD LIABLE FOR MATERIAL DAMAGES CAUSED BY UMI X.
UMI X TRADING PLATFORM RESERVES THE RIGHT TO FREEZE OR SEIZE DIGITAL ASSETS ON THE USER'S BALANCE IF IT SUSPECTS THE USER OF FRAUD OR OF ACQUIRING AND/OR SELLING FUNDS DERIVED FROM FRAUDULENT ACTIVITIES, WITHOUT THE POSSIBILITY OF WITHDRAWAL OR ANY COMPENSATION. ALL DIGITAL ASSETS FROM SUCH ACCOUNTS MAY BE WITHDRAWN BY UMI X AND USED AT UMI X'S SOLE DISCRETION, INCLUDING BEING SENT TO A FRAUD RELIEF FUND OR PLACED UNDER THE CONTROL OF THE APPROPRIATE AUTHORITIES.
Listing and delisting of digital assets on UMI X
UMI X reserves the right to list (add) and delist (delete) any digital assets (including ALL possible cryptocurrencies, tokens, NFTs and so on) on the exchange, P2P platform and internal wallet of the platform at any time and at its own initiative and discretion without prior notice. We are not obliged to notify each User in writing or in any other form (email or otherwise).
Nevertheless, usually before listing or delisting a particular virtual currency/digital asset, we will announce it in the news on our Telegram channel @sigen_pro. In this way, we provide Users with an opportunity to learn in advance about the listing and delisting of digital assets and to take the necessary steps to sell/exchange/withdraw such digital assets and other possible actions with them. In this regard, we strongly recommend Users to subscribe to the Telegram channel @sigen_pros to be aware of possible changes related to the listing/delisting of digital assets on our platform.
Please note: if a digital asset is no longer displayed on UMI X anywhere, including among trading pairs on the exchange and/or P2P platform, it means that the trading pair/digital asset has been delisted, and after some time this digital asset will be removed from UMI X's internal wallet, i.e. it will completely disappear from the platform. Therefore, if you notice the absence of a trading pair/digital asset on an exchange and/or P2P platform, you should immediately withdraw it from your internal wallet on UMI X to avoid possible losses.
We recommend that you monitor trading pairs, the available list of digital assets and news on a daily basis to keep abreast of changes. It is the responsibility of the users themselves to regularly monitor the UMI X platform, our news and to take the necessary steps to act on digital assets subject to delisting.
In the event that you fail to complete a transaction/exchange/withdrawal of digital assets that have been deleted, we will not pay any compensation - the responsibility for any possible losses lies solely with you.
UMI X assumes no liability for any loss, damage or claim for any reason whatsoever, including and without limitation the following:
• Actions of the User that resulted in the User's inability to use the Site, Software and Services correctly. These include: loss by the User of the mnemonic phrase from the cryptocurrency wallet, sending a transaction in the cryptocurrency network to the wrong (“wrong”) address, accidental deletion of software, loss of certain data, etc.
• Problems that caused incorrect functioning of the Site or any affiliated Software or Services. Including software corruption, improper creation of transactions, access to unsafe cryptographic libraries, infection of the Site or any affiliated Software and Services with malicious code.
• Technical problems that occurred on the User's device, as a result of which the User lost access to the Site or any related Software or Services, for example, loss of account and any other data due to incorrect operation or complete failure of the device on which this data was stored.
• Problems regarding the security of the User of the Website and Services, which have arisen due to illegal access of third parties to the User's account, wallets and other confidential information.
• Any actions or lack of necessary actions on the part of third parties and/or events that have a direct impact on third parties, such as service provider shutdown, force majeure situations that caused the interruption of functioning of certain Internet communications, hacker attacks on the provider's network, military actions, international and domestic sanctions, fraud by third parties and Users themselves, as well as the volatility (including the decline in the exchange rate) of digital assets and other factors that are beyond the control of the Administration.
• Depreciation of digital assets in use, as well as any other problems related in one way or another to digital assets.
• EXCEEDED USER EXPECTATIONS WITHOUT OBJECTIVE JUSTIFICATION. THE ADMINISTRATION OF THE UMI X PLATFORM OFFICIALLY DECLARES THAT IT HAS LIMITED LIABILITY AND MAKES NO PROMISES/GUARANTEES REGARDING ANY POSSIBLE BENEFIT FROM THE USE OF THE UMI X PLATFORM AND ITS COMPONENTS.
Please note that the UMI X platform may contain links that lead to third-party web resources. These web resources are not affiliated with UMI X and we do not control them in any way. We do not comment on the content of such web resources and are not responsible for the quality of the content posted there. When you click on links from the UMI X platform to third-party resources, you understand that you do so voluntarily and at your own risk and, as a result, you are solely responsible for any and all results of such clicks, including any adverse effects that may affect you personally or your equipment (PC, smartphone, tablet, etc.). We would also like to point out that third-party websites follow their own rules of use, and these rules differ from the Terms, Conditions and Risks of the UMI X platform.
Therefore, we strongly recommend that you familiarize yourself in detail with the rules of use regulated there before visiting any web resource.
By using the UMI X platform, you explicitly state that that you:
• have sufficient knowledge and personal experience with cryptocurrencies and various tokens, including BTC, USDT, UMI, and other digital assets, as well as with infrastructures and services based on Blockchain technology and products in Telegram;
• fully understand and agree to the risks that may arise from storing, buying/selling/receiving/exchanging/creating (including staking) cryptocurrencies, tokens of all kinds, including BTC, USDT, UMI, and any other digital assets;
• you fully understand and agree that any digital asset (cryptocurrency, token, including BTC, USDT, UMI and others) used on the UMI X platform or outside of it (e.g. on DEX or a centralized crypto exchange) does not guarantee that you will receive any profit or income in one form or another.
USING THE UMI X PLATFORM, INCLUDING THE EXCHANGE AND P2P PLATFORM, YOU ARE AWARE THAT CRYPTOCURRENCIES AND VARIOUS TOKENS, INCLUDING BTC, USDT, UMI AND ANY OTHER DIGITAL ASSETS ARE CHARACTERIZED BY HIGH VOLATILITY - THEIR MARKET RATE IS UNPREDICTABLE AND CAN FLUCTUATE IN A WIDE RANGE IN DIFFERENT TIME INTERVALS, AND IT IS IMPOSSIBLE TO PREDICT SUCH FLUCTUATIONS IN ADVANCE WITH A HUNDRED PERCENT GUARANTEE (THEY CAN BE OBSERVED OVER A LONG PERIOD OF TIME, AS WELL AS OVER THE COURSE OF ONE DAY, HOUR, MINUTE, ETC.). IN ADDITION, THE MARKET RATE OF ANY DIGITAL ASSETS MAY DROP TO ZERO, AND AT ANY MOMENT THEY MAY DISAPPEAR FROM THE GLOBAL ECOSYSTEM FOREVER OR BE SUBJECT TO A LEGAL BAN.
BASED ON THE FOREGOING, YOU FULLY UNDERSTAND AND EXPRESSLY ACCEPT THAT YOU ARE EXPOSED TO A HIGH RISK OF LOSING ALL FUNDS (OR OTHER ASSETS) SPENT BY YOU TO BUY OR RECEIVE CRYPTOCURRENCIES, TOKENS OF ALL KINDS, INCLUDING BTC, USDT, UMI AND ANY OTHER DIGITAL ASSETS. YOU FULLY UNDERSTAND AND EXPRESSLY ACCEPT THE RISKS OF TOTAL LOSS OF VALUE OF ALL ASSETS OBTAINED THROUGH THE USE OF THE UMI X PLATFORM, INCLUDING THE EXCHANGE AND THE P2P PLATFORM. YOU UNDERSTAND AND AGREE THAT YOU ARE COMPLETELY UNINSURED AGAINST LOSS AND/OR TOTAL LOSS OF FUNDS AND OTHER ASSETS, INCLUDING LOSS OF VALUE, WHEN USING THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND P2P PLATFORM) IN CONNECTION WITH YOUR INTERACTIONS WITH CRYPTOCURRENCIES, TOKENS OF ALL KINDS, INCLUDING BTC, USDT, UMI AND OTHER DIGITAL ASSETS.
YOU EXPRESSLY DECLARE THAT YOU DO NOT INTEND, UNDER ANY CIRCUMSTANCES, TO MAKE ANY CLAIM AGAINST UMI X FOR ANY LOSS OR DAMAGE IN THE USE OF THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND P2P PLATFORM) FOR ANY REASON WHATSOEVER. YOU EXPRESSLY DECLARE THAT YOU WILL NOT MAKE ANY TRANSACTIONS IN AMOUNTS EXCEEDING YOUR PERSONAL FINANCIAL CAPACITY, NOR WILL YOU USE ANY FORM OF CREDIT OR OTHER BORROWED FUNDS ON THE UMI X PLATFORM, DEX (DECENTRALIZED EXCHANGES), MARKETPLACES, CRYPTO EXCHANGES, PAYMENT SYSTEMS OR THROUGH ANY INTERMEDIARIES. YOU EXPRESSLY DECLARE THAT YOU USE THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND THE P2P PLATFORM) WITH SUFFICIENT KNOWLEDGE AND EXPERIENCE IN INTERACTING WITH BLOCKCHAIN-BASED PRODUCTS AND TELEGRAM PRODUCTS.
We provide the UMI X platform on an “as is” and “as available” basis - that is, we make no guarantees of any kind regarding its operation.
Furthermore, the UMI X Administration does not give any financial advice or recommendations of any kind: we do not encourage our Users to invest financial and other resources, including any digital assets, in any kind of products/projects/campaigns and in principle do not promise/guarantee any benefits. Any information posted on the UMI X platform is not intended for such purposes and should not be regarded by Users as a solicitation of any kind. Any data or information should be taken as informational only. UMI X and its affiliates are not financial or cryptocurrency advisors. If you wish to consult on any matters in these areas, you should only seek the assistance of qualified professionals.
When you conduct any transactions on or off the UMI X platform, including buying/selling/exchanging/receiving/creating (including staking) digital assets, you act entirely on your own volition, fully understanding and solely accepting responsibility for all potential and actual risks. You expressly declare that in no event will you make any claim or request to UMI X or its affiliates for compensation or coverage for any losses that you may incur in connection with any transactions directly on or off the UMI X platform, including the exchange and the P2P platform.
Under no circumstances or conditions does UMI X (including its entire project team, directors, employees, officers, shareholders, agents, successors, assigns, suppliers or licensors, subsidiaries, officers, affiliates, contacts) make any promises and/or warranties that you will benefit in any way and shall not be liable for any damages or losses, including but not limited to direct, indirect, special or punitive damages and any damages in principle which may arise out of, in connection with or in connection with your use of the UMI X Platform and whether or not such loss or damage was foreseeable and whether or not the User had actual knowledge of the possibility of such loss or damage. The above paragraph applies equally to the UMI X platform as a whole and to each of its components (including the exchange and the P2P platform).
BY USING THE UMI X PLATFORM, INCLUDING THE EXCHANGE AND P2P PLATFORM, YOU FULLY UNDERSTAND AND SOLELY ASSUME ALL RESPONSIBILITY AND ALL RISK OF DAMAGE AND LOSS THAT MAY ARISE FROM SUCH USE. YOU ALSO UNDERSTAND THAT UMI X DOES NOT PROMISE OR GUARANTEE THAT YOU WILL RECEIVE ANY BENEFIT OF ANY KIND OR COMPENSATION.
FOR ITS PART, UMI X SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY LOSS OR DAMAGE OF ANY KIND, INCLUDING LOSS OF ANY FUNDS OR ASSETS IN ANY AMOUNT OR FORM, WHICH MAY ARISE FOR ANY REASON WHATSOEVER AS A RESULT OF YOUR USE OF THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND P2P PLATFORM). UMI X SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE, INCLUDING LOSS OF ANY FUNDS OR ASSETS IN ANY AMOUNT OR FORM, WHICH MAY ARISE FOR ANY REASON WHATSOEVER AS A RESULT OF YOUR USE OF THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND P2P PLATFORM), CRYPTOCURRENCIES, TOKENS OF ALL KINDS, INCLUDING BTC, USDT, UMI AND OTHER DIGITAL ASSETS AND PRODUCTS BASED ON BLOCKCHAIN AND TELEGRAM TECHNOLOGY IN ANY WAY AND EXPECTING A SPECIFIC RESULT FROM THESE ACTIONS. THE SAME APPLIES TO THE USE OF ANY THIRD PARTY SERVICES, INCLUDING DEX, CRYPTOCURRENCY WALLETS, CRYPTO EXCHANGES, PAYMENT SERVICES AND SO ON.
BY USING THE UMI X PLATFORM, INCLUDING THE EXCHANGE AND P2P PLATFORM, AS WELL AS CRYPTOCURRENCIES, TOKENS OF ALL KINDS, INCLUDING BTC, USDT, UMI AND OTHER DIGITAL ASSETS AND PRODUCTS BASED ON BLOCKCHAIN TECHNOLOGY AND TELEGRAM IN ONE FORM OR ANOTHER, YOU FULLY UNDERSTAND AND ACCEPT THAT, THAT UMI X (INCLUDING THE ENTIRE PLATFORM TEAM) IS NOT RESPONSIBLE FOR ANY TRANSACTIONS THAT USERS MAKE ON OR OFF THE UMI X PLATFORM AND WILL NOT PAY ANY FORM OF COMPENSATION, AND YOU EXPRESSLY AGREE TO BE SOLELY RESPONSIBLE FOR ALL RISKS THAT MAY ARISE FROM ANY TRANSACTIONS, INCLUDING BUYING/SELLING, RECEIVING, CREATING (INCLUDING STAKING) EXCHANGES, RELATED TO CRYPTOCURRENCIES, TOKENS OF ALL KINDS, INCLUDING BTC, USDT, UMI AND OTHER BLOCKCHAIN AND TELEGRAM-BASED DIGITAL ASSETS AND PRODUCTS IN ANY FORM ON OR OFF THE UMI X PLATFORM (INCLUDING THE EXCHANGE AND P2P PLATFORM).
UMI X Users are free to choose their own position regarding the payment of taxes (if applicable to them) for transactions with cryptocurrencies and tokens. The UMI X administration and those involved in the development of the Software and the provision of the Services do NOT assume responsibility for Users' compliance with the taxation rules that apply to transactions with cryptocurrencies and tokens in their country of citizenship/residency, domicile or temporary residence. We in turn strongly recommend that you fully comply with the laws of your country and pay all statutory taxes and fees (if any).
The UMI X Administration is the sole entity that rightfully owns all content present on the Site, including design elements, texts, graphics, images, videos, information, software and other files (hereinafter “Content”), with the exception of content owned by UMI X's partners. All ownership rights and intellectual property rights with respect to the Site and the Content belong to UMI X Administration, its affiliated companies or the licensors of the Content, as the case may be.
The Site and the Services are protected by copyrights, trademarks (registered or pending), service marks, patents and other proprietary rights and laws. Except as expressly permitted by applicable law or authorized by the Administration or the appropriate licensor (e.g., advertiser), you agree not to modify, rent or loan, sell/distribute/transmit/broadcast, publicly perform or create derivative works based on the Site or the Services offered by it in whole or in part.
Without limiting the foregoing, any action that results in the Services or the Site being reproduced, distributed, reverse engineered or decompiled is expressly prohibited by law and may subject you to liability under civil and criminal laws.
The UMI X administration may, at any time and at its discretion, offer promotions, provide bonuses or activate bonus programs. UMI X may also close any promotions, cancel bonuses or deactivate bonus programs (including the cancellation of rewards and loyalty programs) at any time at its sole discretion, with such cancellation becoming effective immediately upon detection of incorrectness in the promotions/bonus campaigns, misuse of them by Users or in case of no further relevance for UMI X. However, if the User has already been credited with a reward when canceling an incorrect promotion/bonus campaign, we reserve the right to reject any future transactions and may require the User to return the reward in full or in part or to withdraw it from the User's balance if this is possible. The UMI X Administration decides on the recognition of any promotional/bonus campaigns as incorrect and their cancellation.
• UMI X has the right to refuse, modify, cancel or withdraw any promotion/bonus campaign at its sole discretion and without giving any reason.
• Each User may only receive rewards once per promotion/bonus offer to their cryptocurrency wallet or balance on the UMI X platform. We have the right to block the User if we detect fraud/abuse or an attempt to commit fraud/abuse.
• Any remuneration received as a result of fraud/abuse may be withdrawn and the account blocked together with the detected affiliated accounts without any compensation. Just as in other cases of fraud, the digital assets of such users may be seized without the possibility of compensation.
• Each promotion, bonus or special offer is subject to its own terms and conditions, which the User must follow. Therefore, we strongly recommend: before joining any promotion/bonus campaign, please carefully read the terms and conditions of each such campaign.
• One of the conditions for participation in promotional/bonus campaigns may be that the User makes a contribution of a certain amount from his/her own cryptocurrency wallet, fulfills specified conditions or performs mandatory actions.
• Some promotional/bonus campaigns may be subject to certain restrictions and/or requirements that must be met before joining such campaign and/or receiving rewards. All terms and conditions specified in promotional/bonus campaigns are detailed and published on the UMI X platform and/or in our social networks, and we strongly recommend that you read them carefully before deciding to participate.
Third-party companies may publish their advertisements and/or other information on the UMI X platform and its official social networks under certain conditions, subject to prior discussion with the UMI X Administration. The advertiser is fully responsible for the content of the advertisement, as well as for the subject matter and quality of the advertised services or products. We, on our part, do not assume any responsibility for this.
If you wish to contact us for the purpose of publishing advertisements on UMI X, we kindly ask you to first confirm and provide us with assurances that your project is not fraudulent and that you have the appropriate rights and authorizations, including but not limited to intellectual property rights, advertising rights and contractual rights. For our part, we are only providing you with the opportunity to publish promotional materials and have no other relationship with you.
If a dispute arises in relation to UMI X and/or the Terms, Conditions and Risks, the parties to the dispute must resolve it within 7 days of the occurrence of the dispute. In this regard, the participants are required to discuss the situation and make a sensible decision that is objectively suitable for each of them.
If no such decision is made within the 7-day period, based on the then current International Chamber of Commerce (ICC) Rules of Arbitration (the “Rules”) and all then current changes made to that document, the dispute may be submitted to arbitration for final resolution. An application for review shall be made in accordance with the Rules or the Terms, Conditions and Risks with notice. The arbitral tribunal shall sit in Geneva, Switzerland, using the English language in its deliberations, and shall accordingly make oral and written rulings in the same language.
The arbitral tribunal consists of three experts/arbitrators. If the dispute involves only two parties, each party shall invite one arbitrator on its own behalf and the third arbitrator will be appointed by the ICC Court in accordance with the Rules. If the dispute involves more than two parties, the arbitrators shall be appointed in accordance with Article 10 of the Rules. Upon application by any of the parties to the dispute, any arbitrator not appointed in a timely manner shall be appointed by the ICC in accordance with the Rules. The award rendered by the arbitral tribunal shall be final and shall be binding on each party to the dispute. However, once the Arbitral Tribunal has made a final award, the parties shall not be entitled to apply to the English courts under section 45 of the Arbitration Act 1996 or to appeal on any question of law under section 69 of the Arbitration Act 1996. Based on the foregoing, the award to be made by the Arbitration in a dispute shall be the sole and exclusive remedy between the parties to that dispute in respect of any claim, counterclaim, issue or account submitted to the arbitral tribunal.
Any court, if it has jurisdiction, may decide any arbitration dispute. The disputing parties agree that the ICC Court and/or the arbitral tribunal shall, on application by any of the parties, have the right to combine or consolidate two disputes (or more) arising out of or in connection with this agreement.
This agreement shall be governed by English law without giving effect to conflict of laws rules.
