Terms and conditions
These Terms & Conditions (hereinafter the “Terms”) are a binding legal agreement between you and N.KRAT Group AG, a company incorporated and existing under the laws of Germany, registration number HBR 29787, whose registered office is at 43 Ringofenstrasse, 44287 Dortmund, Germany (hereinafter the “Company”), for the use of system “Fridn” (hereinafter the “System”) and its components operated and maintained by the Company.
PLEASE READ THESE TERMS CAREFULLY BEFORE USING THE SYSTEM.
1.1 SYSTEM PARTICIPANTS
1.2 USER ROLES IN THE SYSTEM
2 PERMITTED USE
According to these Terms the Company grants you a non-exclusive, non-transferable, revocable license to do the following:
(i) access and use the System for your personal use only;
4 AGE RESTRICTION
If you are under the age of 14, you must not use the System.
If you are below the age of 16, you must read these Terms with your parent or guardian prior to using the services of the System, as such use shall confirm that your parent or guardian agree to these Terms.
5 INTELLECTUAL PROPERTY RIGHTS
All intellectual property rights and other rights in or to the System, and any content thereof are owned solely by the Company and its licensors, including but not limited to materials protected by trademark, copyright and patent laws.
(i) any rights in or to our intellectual property rights or those of the Company’s affiliates; or
(ii) any intellectual property rights and other rights in or to the System; or
Nothing in these Terms shall be interpreted as granting you any exclusive license for intellectual property rights.
Save as expressly permitted by the Company in these Terms, you must not use any content of the System for any commercial purpose without obtaining a written permission from the Company.
You agree not to copy, reproduce, frame, download, transmit, broadcast, present, modify, distribute, republish and/or sell any intellectual property in or to the System.
You agree not to use any data mining, scraping, robots or any similar data gathering methods.
6 REGISTRATION PROCEDURE AND USER ACCOUNT
7 ACTIVATION OF USER ACCOUNT
Conditions necessary for account activation:
(i) having a referral link received from another User of the System;
(ii) having the amount of FUD needed for account activation in the System, as defined in the price list available at instant.fridn.com.
Account activation procedure:
(i) Log into Fridn.App.
(ii) Go to “Profile”.
(iii) Press the “Аctivate account” button.
Once you press the “Activate account” button, the System will activate your account.
8 EXTRACTION OF FAR
The System allows receiving rewards in the form of FAR, which Extractors earn after the System successfully verifies the data about performed activities.
(i) Download and install Fridn.App on your mobile device.
(ii) Sign up in the System.
(iii) Activate your User Account in accordance with Clause 7 of these Terms.
Please note that the type of the registering device varies depending on the type of your activities. The registering device records performed activities and transfers the data to Fridn.App. The System automatically processes and verifies all gathered information. Following the completion of the verification procedure, the System calculates and grants the appropriate amount of FAR generated by you according to the algorithm implemented by the System. From time to time The System might ask You for additional proof of the data provided by You. The Company reserves the right and retains the absolute discretion to determine, and alter from time to time, the verification algorithms for generating FAR.
9 EXCHANGING FAR
A User can exchange FAR to FUD using Fridn.Exchange or Fridn.Interchange.
To do so, the User needs to:
(i) launch Fridn.App;
(ii) create a bid for exchanging FAR for FUD.
In Fridn.Interchange, FAR are exchanged for FUD automatically after the bid is submitted. In Fridn.Exchange, FAR are exchanged for FUD after the bid is accepted by another User.
10 VERIFICATION OF PERSONAL DATA
11 EXCHANGING FUD
Please, note! Exchange of FAR to FUD and back is carried out solely between two Users of the System.
The exchange rate is determined by the Users without any engagement of the Company. The System excludes any possibility of direct transfer of FUD between the Users.
12 PHYSICAL ACTIVITY NOTICE
It is your sole responsibility to consider risks associated with the use of Fridn.App and performing physical and intellectual activities in connection with the use of the System.
You must consult with a medical professional prior to using the services of the System, including without limitation Fridn.App, and performing activities required to generate FAR.
(i) seek to generate FAR by any means other than your genuine physical and intellectual activities meeting the eligibility criteria specified by the Company and, in particular, you shall not (i) simulate any such activities using artificial and/or mechanical means, including animals, computers and/or other devices; (ii) engage third parties to generate FAR on your behalf; and (iii) copy, adapt, transmit, reverse engineer, decompile, disassemble, modify, sell Fridn.App or any content accessible when using the System, save as otherwise expressly permitted by these Terms or the applicable law;
(ii) operate more than one User Account;
(iii) use the services of the System in any unlawful manner, for any unlawful purpose or in any manner inconsistent with these Terms, or act fraudulently or maliciously, for example, by hacking or inserting a malicious code, including viruses or harmful data, into Fridn.App;
(iv) reproduce, frame, display or mirror Fridn.App other than as a necessary consequence of your normal use of the app;
(v) infringe our intellectual property rights or rights of any third party in relation to your use of the System;
(vi) use the System in a way that could damage, disable, overload, impair or compromise our systems or security or interfere with other users;
(vii) employ any technology that interferes in any way with the proper operation of the System, including by blocking any advertisements or promotions displayed therein;
Please note that in case of a violation of these Terms, all FAR you have sent to other Users of the System will be transferred to the system wallet email@example.com (“Fridn.Сlaim”) until the circumstances of the case are clarified. In case no proof of the breach of these Terms is found in the course of the dispute resolution, FARused in your outgoing transactions will be sent back either to your User Account or the User Account of the recipient. In case the results of the dispute resolution prove your illegal activity when using our System, FARshall be distributed among other Users who suffered damages as a result of your activity.
14 CHANGES AND UPDATES
From time to time, we may make available additional terms or guidance in relation to the usage of the System, and where we do this, you agree to comply with such additional terms or guidance that we make available by continuing to use the System.
The Company reserves the right at any time, without liability of any kind, in its absolute discretion (i) to change, suspend, restrict or disable your access to the System, and/or (ii) alter the functionality of the System with or without giving notice.
15 NO WARRANTY
16 LIMITATION OF LIABILITY
The Company will not reimburse any losses that you may incur in case of culpable (intentional or careless) violation of any requirements of these Terms.
(i) any failure of a telecommunication, computer or power supply network or system or any other related network or system;
(i) The Company shall not be liable for transactions you made to the order of other Users of the System or for the transfer of wrong amounts of units due to the provision of incorrect information by other Users.
(ii) Verification of Users’ personal information shall be used solely to increase the likelihood of correct user identification. The Company shall not be liable for fraud, deception or false information provided by Users, regardless of whether the User’s identity was verified or not. The Company agrees to assist Users in case they become victims of fraud, provided they inform the Company about the problem in reasonable time to the e-mail address indicated in clause 19 of these Terms.
(iii) The Company shall not be liable for an unauthorized interception or use of data related to you and your User Account, for the inability to use the System as a result of the lack of access to the services of the System, including without limitation Fridn.App, and for actions or deals entered into by any person as a result of the use of your User Account with your consent. The Company shall not be responsible for any failures of hardware or software (including computer viruses), telephone lines or other means of communication as well as for failures caused by Internet service providers. Under no circumstances shall the Company be responsible for unforeseen damages caused unintentionally, including but not limited to damages resulting from lost profits or disclosure of confidential information.
17 CANCELATION AND REFUND POLICY
The User has the right to return the license for the use of the System and apply for a refund of account avtivation costs within 14 (fourteen) days from the date of account activation in accordance with the Clause 7 of these Terms.
The User shall send us an appropriate email with the informationon banking details in order to make a refund to the email address specified in Clause 19 of these Terms.
Please, note, that the Company can only provide a refund to the same banking details used when activating the account.
When returning the license, your account will be deactivated.
We may assign or transfer our rights and obligations under these Terms to a third party. You are not entitled to assign or otherwise transfer these Terms without our prior written consent. Any attempt to do so without our consent will be void.
We shall not be liable or responsible for any failure to perform or any delay in performance of any of our obligations under these Terms that is caused by any act or event beyond our reasonable control.
If we do not insist that you perform any of your obligations under these Terms, or if we do not take action to protect our rights, or if we delay doing so, that shall not mean that we have waived our rights and shall not mean that you do not have to comply with your obligations. If we do waive a default on your obligations, we will only do so in writing, and that shall not mean that we will automatically waive any later default on your obligations.
Each of the provisions of these Terms operates separately. If any court or competent authority decides that any of them is unlawful or unenforceable, the remaining conditions shall remain in full force and effect.