Terms of Use

Effective Date: 11 September 2024

Welcome to BitcoinSOV (btcsov.com). By using our website and services, you agree to comply with and be bound by the following Terms of Use. Please read these terms carefully, as they govern your access to and use of the BitcoinSOV website and its services. If you do not agree with any part of these terms, you are prohibited from using our site.

1. Acceptance of Terms

By accessing and using btcsov.com, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use, as well as any additional guidelines, policies, or rules posted on the website. BitcoinSOV reserves the right to change these terms at any time, and any updates will be posted on this page. Your continued use of the website after any modifications indicate your acceptance of the revised terms.

2. Description of Services

BitcoinSOV is a decentralized, community-driven cryptocurrency project. Our website provides information, resources, and tools related to the BitcoinSOV token (BSOV), including details on mining, transaction mechanics, and community initiatives. Please note that we do not provide financial, legal, or investment advice. The content on this website is for informational purposes only, and users should perform their own due diligence before participating in the BitcoinSOV ecosystem.

3. Eligibility

By using our website, you confirm that you are at least 18 years old, or the age of majority in your jurisdiction, whichever is older. You also confirm that you are legally able to enter into these Terms of Use and comply with them.

4. User Responsibilities

When using the BitcoinSOV website, you agree to:

  • Provide accurate and complete information: You are responsible for ensuring that any information you provide is accurate and up-to-date.
  • Comply with applicable laws: You must comply with all applicable laws, regulations, and rules related to your use of the site and services.
  • Respect intellectual property: All content on btcsov.com is protected by intellectual property laws. You may not copy, reproduce, modify, distribute, or create derivative works from any content without explicit permission from BitcoinSOV.

Additionally, you agree not to:

  • Use the website for illegal or unauthorized purposes.
  • Attempt to gain unauthorized access to the website, its systems, or user accounts.
  • Interfere with the normal operation of the website, including by transmitting viruses or other harmful code.

5. Cryptocurrency Transactions

BitcoinSOV is a deflationary cryptocurrency, and its unique 1% transaction burn mechanism may lead to the permanent destruction of a portion of the tokens you send. By using BitcoinSOV, you understand and agree that:

  • Transactions are final: All cryptocurrency transactions conducted on the BitcoinSOV network are irreversible. Once a transaction has been confirmed, it cannot be undone or reversed.
  • Burn mechanism: 1% of every transaction involving BSOV tokens will be permanently destroyed. This is a core feature of the token and contributes to its deflationary nature.
  • Loss of private keys: You are solely responsible for safeguarding the private keys associated with your cryptocurrency wallets. Loss of private keys may result in the permanent loss of your BSOV tokens, and BitcoinSOV will not be liable for any such losses.

6. Voluntary Proof-of-Commitment

BitcoinSOV offers a voluntary Proof-of-Commitment system, known as SovCube, where users can timelock their BSOV tokens to demonstrate their long-term commitment to the project. By using SovCube, you agree to the following:

  • Time-lock periods: When you lock your tokens in SovCube, they will be inaccessible for the duration of the chosen time-lock period. You will not be able to access or withdraw your tokens during this period.
  • No early withdrawal: Once tokens are locked in SovCube, there is no option for early withdrawal or reversal of the commitment.
  • Voluntary participation: Participation in SovCube is completely voluntary and intended to strengthen the community and reduce sell pressure. You are solely responsible for your decision to lock tokens in SovCube.

7. Mining

BitcoinSOV allows users to mine BSOV tokens through the ERC918 standard smart contract. By participating in mining, you agree to the following terms:

  • Hardware and software requirements: You are responsible for ensuring that your hardware and software meet the necessary requirements to mine BSOV. BitcoinSOV is not responsible for any damages or losses incurred during the mining process.
  • Reward system: Mining rewards are determined by the BitcoinSOV ERC918 smart contract, and rewards will vary based on network difficulty and other factors. BitcoinSOV does not guarantee any specific reward or return for miners.
  • Energy consumption: Mining cryptocurrencies can require significant amounts of energy. You are responsible for covering any energy costs associated with your mining activities.

8. No Financial or Investment Advice

The content provided on btcsov.com is for informational purposes only and should not be construed as financial, legal, or investment advice. BitcoinSOV does not provide personalized recommendations, and nothing on this website should be considered as an endorsement of any specific investment strategy. Cryptocurrency investments, including BitcoinSOV, are highly speculative and involve significant risk. You are solely responsible for your own investment decisions, and you should consult with a qualified professional before making any financial decisions.

9. Disclaimer of Warranties

BitcoinSOV makes no representations or warranties of any kind, express or implied, as to the operation of this website or the information, content, or materials included on this site. To the fullest extent permitted by law, BitcoinSOV disclaims all warranties, including but not limited to, implied warranties of merchantability, fitness for a particular purpose, and non-infringement.

You use this site at your own risk. BitcoinSOV does not guarantee that the site will be uninterrupted or free from errors, viruses, or other harmful components.

10. Limitation of Liability

To the fullest extent permitted by law, BitcoinSOV and its affiliates, directors, officers, employees, or agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including, but not limited to, loss of profits, data, use, goodwill, or other intangible losses, resulting from:

  • Your use or inability to use the website or services.
  • Unauthorized access to or alteration of your transmissions or data.
  • Any other matter related to your use of the website or services.

11. Indemnification

You agree to indemnify and hold harmless BitcoinSOV, its affiliates, officers, directors, employees, and agents from any claims, liabilities, damages, costs, and expenses (including reasonable legal fees) arising out of your use of the website, violation of these Terms of Use, or infringement of any third-party rights.

12. Governing Law

These Terms of Use are governed by and construed in accordance with the laws of the USA. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of the USA.

13. Contact Information

If you have any questions about these Terms of Use, please contact us at [email protected].