Financial Management User Agreement

1. Overview

• 1.1: The Financial Management Service (the “Service”) is an investment agent service offered by 8V that allows users to earn returns on digital assets through 8V through collateralized lending, quantitative trading, or DeFi mining. Redemption is permitted under certain terms and conditions. 8V is responsible for product design and management, as well as the operation of the Service. To use the Service, you must read and abide by this Financial Management User Agreement (the “Agreement”). Please carefully read, fully understand, and agree to all terms and conditions.
• 1.2: Unless you have read and accepted all terms of this Agreement, you are not authorized to use the Service. Your acceptance of this Agreement and your use of the Service constitute your reading, understanding, and agreement to this Agreement, which is legally binding on you.
• 1.3: This Agreement shall supplement the 8V Terms of Service. If any conflict or inconsistency arises between any term or provision set forth in this Agreement and the 8V Terms of Service, this Agreement shall prevail to resolve such conflict or inconsistency. All other provisions of the 8V Terms of Service not modified by this Agreement shall remain in full force and effect.

2. Definition

• 2.1: Financial management refers to the practice of entrusting digital assets to 8V for asset investment management, with 8V acting as an agent to invest digital assets in order to generate returns. Financial management may include various blockchain networks and technologies.
• 2.2: This service provides a digital asset investment solution applicable to blockchain networks, involving on-chain staking, collateral lending, quantitative trading and other investment methods to obtain rewards. The main investment methods and risks are described below:

2.3 Other definitions related to the Services include:

• Principal: A certain amount of digital assets deposited into a User’s account to use the Service.
• Redemption: The pledged digital asset will be redeemed within a reasonable time/days and then transferred to the account.
• Incentive Calculation Date: has the meaning set forth in Section 4.4(a).
• Service Fee: refers to the 8V fee that users must pay when subscribing to or participating in this service, which includes but is not limited to verification node commission fees, on-chain and off-chain mining fees (gas fees), project operation service fees, etc. The actual fee is subject to the product description.
• Purchase: In this service, 8V will freeze a certain amount of the user’s digital assets. After freezing, the user will not be able to redeem or withdraw the assets before the redemption period.
• T-day: a natural day calculated based on Hong Kong Time (UTC+8).

3. Eligibility for Using the Service

• 3.1: You agree and confirm that:
  • a. 8V invests all or part of your digital assets on your behalf;
  • b. 8V acts as your agent on the applicable network; 
  • c. Delegate any voting rights associated with your pledged digital assets to 8V;
  • d. 8V may specify from time to time in relation to the Services:
    • The minimum amount of pledged digital assets required to subscribe to the service;
    • any redemption period;
    • any redemption restrictions; and/or any subscription restrictions.
• 3.2: You also understand and confirm that:
  • You have agreed to abide by the 8V Terms of Service and you are eligible and not prohibited from using the “Services” defined therein;
  • If you are registering to use this Service as an individual, in order to effectively accept this Agreement, you must be at least 18 years old, an individual with full civil rights and capacity for civil conduct, and have all necessary power and ability to sign this Agreement. This Agreement will be binding on you once signed;
  • If you are registering to use the Service on behalf of a legal entity, in order to effectively accept this Agreement, you represent and warrant that (i) such legal entity is legally established and validly exists under applicable laws; and (ii) you are duly authorized by such legal entity to act on its behalf.
  • You have the ability to identify and tolerate the risks associated with using this service, and have experience and relevant knowledge in investing in non-principal-guaranteed digital asset products;
  • To use this service, you must be able to perform corresponding operations on the Internet;
  • This Agreement does not conflict with the laws of your country or region, and you guarantee that you will comply with the laws of your country or region;
  • You are the legal owner of the digital assets in your 8V platform account and guarantee that the source of these digital assets is legal.
• 3.3: You also agree and promise:
  • You will not use the Service for any illegal purpose, conduct, initiate or promote any form of market manipulation, price manipulation, insider trading, market distortion, any other malicious market behavior or other forms of illegal activities, including but not limited to illegal gambling, money laundering, fraud, extortion, racketeering, data leakage, terrorist financing, other violent activities or any commercial activities prohibited by law.
• 3.4: You understand and accept the risks that may arise from using this service and the related losses that you may suffer as a result, including but not limited to:
  • You are willing to bear the financial risks and possible economic losses arising from the pledge of your digital assets, as you are unable to trade or perform other operations on such frozen digital assets.
  • The expected returns displayed on the 8V website are theoretical returns, not actual returns guaranteed or promised by 8V. Your actual returns may not match the expected returns. Your final returns will be based on the actual returns you receive. 8V will calculate your actual returns based on the actual returns generated by investment-related operations, minus the costs, fees, and expenses (including but not limited to server fees, electricity fees, etc.) incurred by 8V on behalf of the user, minus the staking-related fees charged by 8V. 8V does not make any guarantees or promises about the actual returns you may receive.
  • High price fluctuations of digital assets and their derivatives may result in significant or total losses within a short period of time;
  • Technical anomalies may occur, which may delay or prevent you from using the Service or conducting related transactions, which may result in the loss of your digital assets;
  • Market anomalies may occur, which may result in the loss of your digital assets;
  • In order to maintain the overall health of the market, 8V may need to add, delete or change policies, terms of this Agreement or other relevant service agreements or terms from time to time. Such actions may benefit or harm individual customers like you.

4. Use of the Service

• 4.1: You can place subscription, redemption and other operation instructions through the 8V client. Once the operation instruction is completed, you will not be able to cancel, revoke or modify the instruction.
• 4.2: After the subscription is successful, you will automatically entrust and authorize 8V to perform certain actions on the digital assets in the locked account, including but not limited to voting and digital asset gains.
• 4.3: Once the digital asset is invested or locked, 8V will issue digital asset rewards to the user. The form of reward distribution will be determined by the specific project. The use of the digital asset shall comply with the rules and terms published by 8V on the 8V platform from time to time. 8V reserves the right to allow, consider, modify or cancel any use of the digital asset on the 8V platform for any purpose at any time at its sole discretion.
• 4.4: Rewards
  • a. Rewards will accumulate starting from the lockup period after your subscription. Rewards will be calculated based on the number of days that have passed in a 365-day year. Please note that you will not receive any rewards during the subscription period.
  • b. Rewards will be distributed to your account according to the project’s planned distribution schedule, which may vary depending on the participating staking blockchain or network. Please note that the timing of distribution is subject to the rules and guidelines established by the project’s participating on-chain protocol;
• 4.5: Redemption Rules
  • a. The arrival of redeemed digital assets into user accounts is subject to the exchange rules of the on-chain protocol, and the specific timeframe may vary. Please note that redemption times may vary depending on the type of digital asset. You understand and agree that between the time of redemption and the actual arrival of the redeemed digital assets, you will not be able to make any feedback, transfers, or other instructions regarding the redeemed digital assets.
  • b. Redemption rules refer to the redemption rules of the specific project. Early redemption cannot be initiated for projects that do not support early redemption.
  • c. Depending on the characteristics of each project, you should be able to receive the digital assets within a reasonable time after submitting a redemption request.
  • d. 8V reserves the right to charge a service fee for processing Digital Asset redemptions, which service fee shall be published on the 8V Platform and may be modified by 8V from time to time.
• 4.6: You will be able to review your account history on the 8V Platform. You must review your account history carefully and notify 8V as soon as possible if you find any entries or transactions that you do not recognize or that you believe are incorrect. 8V may correct any errors in your account history at any time and reserves the right to cancel or reverse any transaction:
  • a. involves or results from a manifest error (i.e. any obvious error, omission or misquotation (whether by 8V or any third party), including any erroneous quote by any 8V representative taking into account the current market and currently advertised quotes, or any error in any information, source, authority, official results or otherwise); or
  • b. reflect details of the transaction that we reasonably believe to be correct or fair.
• 4.7: 8V may need to share information about your account and use of the 8V platform with third parties in accordance with applicable laws and regulations. You acknowledge, agree, and authorize us to disclose such information.
• 4.8: Service Fees
  • a. 8V may charge a service fee for providing you with the Service. Unless otherwise specified on the 8V Platform, the service fee charged by 8V will be a specified percentage of your actual earnings (including interest and rewards) under the Service. 8V will deduct the corresponding service fee from your actual earnings as payment for the service fee.
  • b. You agree and authorize 8V to deduct the payable service fees from the assets in your account. Otherwise, 8V has the right not to provide you with the services under this Agreement.

5. Suspend or cancel your subscription

• 5.1: In accordance with the 8V Terms of Service, 8V may stop, suspend or cancel your access to the 8V Platform, impose restrictions on any 8V account, suspend or cancel your ability to subscribe to the Service, or delay certain transactions:
  • a. You fail to provide additional information to verify your identity or source of funds as required by 8V;
  • b. 8V is required by court order to comply with any applicable laws and regulations (including anti-money laundering or sanctions laws);
  • c. 8V complies with any instructions or directions of any government department or agency;
  • d. 8V reasonably determines that any information you provide to 8V is false, untrue, outdated or incomplete; 
  • e. You fail to provide 8V with reasonable, satisfactory or timely additional information requested.

6. Limitation of Liability

• 6.1: You agree and accept that the expected returns displayed on the 8V website are theoretical returns and not actual returns guaranteed or promised by 8V. Your actual returns may not match or be lower than the expected returns. Your final returns will be subject to your actual returns. 8V makes no promises or guarantees regarding expected returns or the actual returns you may receive.
• 6.2: You agree and accept that: when you redeem, the arrival time of some items may be different, which shall be subject to the display on the item page. 8V shall not be responsible for any losses caused by the existence or difference of arrival time.
• 6.3: You agree and accept that 8V has the right to amend the contents of this Agreement at any time at its sole discretion. If you have any misunderstanding of this Agreement or any changes thereto or fail to read the amendments to this Agreement in a timely manner, 8V will not be liable for any losses incurred by you as a result.
• 6.4: You agree and accept that 8V will not be liable for damages if the 8V system platform fails to operate normally or causes service interruption due to the following conditions, which makes it impossible for you to use various services or issue instructions or conduct related transactions normally, including but not limited to failure, delay, interruption, stoppage, system unresponsiveness, slow system response or other conditions that prevent you from using the service normally. Such conditions include but are not limited to:
  • During the system downtime maintenance period announced by the 8V platform;
  • Telecommunications equipment fails and data transmission is impossible;
  • The 8V platform system is unable to perform business due to force majeure or other unexpected events such as typhoons, earthquakes, tsunamis, floods, epidemics, power outages, wars, unrest, government actions, terrorist attacks, etc.;
  • Service interruptions or delays caused by hacker attacks, computer virus intrusion or outbreak, telecommunications technical adjustments or failures, website upgrades, banking issues, temporary closures due to government regulations, and other factors that affect the normal operation of the network;
  • Service interruption or delay caused by damage, paralysis or inability to operate the 8V system platform’s computer system;
  • Losses caused by technical problems that cannot be predicted or solved by the existing technical capabilities of the industry;
  • Losses caused to you or other third parties due to the negligence or delay of a third party;
  • losses to you or other third parties due to changes in laws, regulations, or government, regulatory or law enforcement orders;
  • Losses caused to you or other third parties due to other unforeseeable, unavoidable and insurmountable force majeure or unexpected events. You agree and accept that 8V has the right not to execute your instructions based on the actual situation due to abnormal transactions, market interruptions, and other possible abnormal situations caused by the above reasons. You understand and agree that 8V will not be responsible for any losses caused to you by the above circumstances (including but not limited to any direct or indirect losses, actual losses or loss of profits, etc.)
• 6.5: You agree and accept that 8V shall not be liable for any losses you suffer due to the risks described in Article 3.3 of this Agreement (including but not limited to any direct or indirect losses, actual losses or loss of potential profits, etc.).

7. Technical Disclaimer

• 7.1:  8V may suspend your access to your 8V account, the 8V Platform, the Services and/or any other 8V services from time to time for scheduled and emergency maintenance. 8V will make reasonable efforts to ensure that transactions on the 8V Platform are processed promptly, but 8V makes no representations or warranties as to the time required to complete processing, which depends on many factors beyond 8V’s control.
• 7.2: Although 8V makes reasonable efforts to update the information on the 8V Platform, 8V makes no representations, warranties or guarantees, whether express or implied, that the content on the 8V Platform, including information related to the Service and any other 8V services, is accurate, complete or up-to-date.
• 7.3: You are responsible for obtaining network access to data necessary to use this Service or any other 8V service. You are responsible for obtaining and updating compatible hardware or devices necessary to access and use this Service, any 8V service, the 8V platform, and any updates thereto. 8V does not guarantee that any 8V service or any portion thereof will operate on any specific hardware or device. 8V services may experience failures and delays due to the use of the Internet and electronic communications.

8. Compulsory Measures

• You agree and accept that 8V strictly prohibits unfair trading practices. If you engage in the following behaviors, 8V reserves the right to exercise executive control over your account or close your account at its sole discretion:
• Engage in market manipulation, price manipulation, insider trading, market distortion, or any other malicious market conduct;
• May harm other users or 8V by exploiting loopholes in the Service or other unreasonable means;
• Engage in any other activities that 8V deems harmful to the market;
• Engage in activities that violate any laws or regulations;
• In order to eliminate any adverse effects on the overall health of the market, 8V reserves the right to take the following measures at its sole discretion, including but not limited to closing your account, restricting or canceling your instructions. You understand and agree that 8V will not be liable for any losses (including but not limited to any direct or indirect losses, actual losses or loss of profits, etc.) caused by taking the above measures.

9. Liability for Compensation

• 9.1: You should take all possible measures to protect 8V from any damage caused by your use of the Service or other actions related to your 8V account, otherwise you shall be liable to compensate 8V.
• 9.2: You hereby acknowledge and agree that you shall defend, indemnify and make every effort to hold 8V harmless from any claims, demands or assertions (including all reasonable legal fees or other expenses or expenses) arising from your breach of this Agreement, your improper use of 8V’s services, your violation of any laws or regulations or infringement of any third-party rights, or the acts or omissions of any third party who uses your 8V account or logs into 8V websites, clients, systems (including networks and servers used to provide any 8V services, regardless of whether such websites, clients and systems are operated by 8V, for 8V, or for the purpose of providing 8V services to you).

10. Others

• 10.1: This Agreement also includes 8V’s various regulations, other agreements or rules attached to this Agreement, and other relevant agreements and rules regarding this Service that 8V may publish from time to time. Once officially published, the foregoing shall become an integral part of this Agreement. You agree to carefully read and abide by such agreements or rules, and you agree that such agreements or rules are legally binding on you. In the event of any conflict between the foregoing and this Agreement, this Agreement shall prevail.
• 10.2: 8V reserves the right to unilaterally change the terms of this Agreement at any time, at its sole discretion, without prior notice. If 8V unilaterally changes the terms of this Agreement, the changes will be immediately posted on 8V’s website. Please promptly review and carefully read the latest information on the website. After the above changes are posted, you understand and agree that your continued use of the Service will be deemed to have agreed to the changes to this Agreement and that such changes will be legally binding on you. If you do not agree to the changes to this Agreement, you should cease using the Service.
• 10.3: You should carefully read this Agreement and any other relevant agreements, rules, and other provisions referred to in Sections 10.1 and 10.2 of this Agreement that constitute the content of this Agreement. If you have any questions regarding the foregoing, please contact our customer service staff through online customer service, and 8V will provide reasonable and necessary explanations. Unless 8V requires otherwise, you should contact 8V via email and transfer files between you and 8V via email (“Formal Communications”). You may also contact 8V informally by phone (Informal Communications). Unless otherwise agreed upon by the parties, all formal communications should be conducted in English. In the event of any inconsistency between the English and non-English versions of any communication, the English version shall prevail. In the event of any inconsistency between any formal or informal communications and this Agreement, this Agreement shall prevail.
• 10.4: If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected or impaired in any way. However, if any provision of this Agreement is invalid, illegal or unenforceable under any applicable law of any jurisdiction, then, with respect to that jurisdiction, such provision shall be deemed modified to conform to the minimum requirements of such law. Alternatively, if for any reason such provision is not deemed modified, such provision shall be invalid, illegal or unenforceable only to the extent of such invalidity, illegality or limitation on enforceability, and the legality, validity or enforceability of the remaining provisions of this Agreement or the legality, validity or enforceability of such provision under the laws of any other jurisdiction shall not be affected in any way.
• 10.5:  8V’s failure or delay in exercising any right or remedy under this Agreement shall not operate as a waiver of such right or remedy or constitute an affirmation of this Agreement. 8V’s affirmation of this Agreement must be in writing; otherwise, it will be ineffective. Any single or partial exercise of any right or remedy shall not preclude the further or other exercise of that right or the exercise of any other right or remedy. The rights and remedies provided under this Agreement are additional and not exclusive of any rights or remedies provided by law.
• 10.6: These Terms, your use of the Services, and any claim, counterclaim or dispute of any kind or nature arising directly or indirectly out of these Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law provisions.
• 10.7: Jurisdiction and Dispute Resolution
  • a. You acknowledge and agree that in the event of any dispute, controversy, difference or claim, including the existence, validity, interpretation, performance, breach or termination of these Terms or any dispute arising out of or in connection with these Terms (a “Dispute”), the parties shall first submit the Dispute to the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the HKIAC Mediation Rules then in effect.
  • b. If the Dispute is not settled by a Settlement Agreement within ninety (90) days of the submission of the Request for Mediation as provided for in Article 8.7(i) above, the Dispute shall be submitted to HKIAC for final settlement by arbitration in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in effect at the time the Notice of Arbitration is submitted. The law governing this arbitration clause shall be the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”).
  • c. You agree that the seat of arbitration shall be Hong Kong. The number of arbitrators shall be three (3). 8V shall appoint one (1) arbitrator and you shall appoint one (1) arbitrator. The third arbitrator shall be appointed by the President of HKIAC. The arbitrators shall be freely chosen and the parties shall not be restricted to any designated list in selecting an arbitrator. The arbitration proceedings shall be conducted in English.
  • d. You agree that 8V shall not be required to provide general discovery of documents, but only to provide specific, identified documents that are relevant to and material to the outcome of the dispute.
  • e. Any arbitration award shall be final and binding upon the parties and may be enforced in any court of competent jurisdiction.
• 10.8: You may not transfer, novate or assign this Agreement and the rights and obligations under this Agreement, in whole or in part, without 8V’s prior written consent. 8V may transfer, novate or assign any rights or obligations under this Agreement by giving you written notice, which will be effective upon delivery.
• 10.9: The titles of all clauses in this Agreement are for reading convenience only and have no actual meaning. They cannot be used as the basis for interpreting the meaning of this Agreement.
• 10.10: If there is any conflict between the content of this Agreement and the translated version in other languages, the Chinese version of this Agreement shall prevail.
• 10.11: 8V reserves the right of final interpretation of this Agreement.

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