Agreement on the Issue of Digital Messages (Digital Orders)
By accepting the present offer, you, hereinafter the "Issuer", and CRYPTOGRANT, the company performing processing services of the CRYPTOGRANT system, hereinafter the "Operator", enter into the Agreement as follows:
1. Definitions
Order – A digital bearer order 100% backed by assets of the agreed type (equal to the order amount) and transferred to the Operator until its partial or complete redemption. The Order is a unique digital code. The presentment of an Order to the Operator through the System implies the Issuer's request to pay the assets backing the Order to the Bearer in accordance with the Rules.
Operator – The holder of assets backing issued Orders.
Issue of Orders – The creation of digital orders by means provided by the System and their transfer as a payment method to any third party ready to accept them.
Split of Orders – The process of splitting Orders, allowing the Bearer to generate a new digital Order (Orders) using technical means provided by the Operator.
Bearer – Any individual who was the first to present a digital Order to the Operator for splitting, exchanging, or redeeming it using the Operator's hardware and software.
2. Subject Matter
2.1. The Operator shall provide services to the Issuer on a paid basis. The Operator grants the Issuer access to its hardware and software complex, enabling the issuance and circulation of unique digital Orders in an amount equal to the value of assets transferred to the Operator. The Issuer shall transfer the assets to the Operator and perform all necessary operations to issue and put the Order into circulation. The System shall transmit the Order to the Issuer.
2.2. Once the Issuer has put Orders into circulation, the Operator, on behalf of the System, will provide splitting, verification, and redemption services to any third party.
2.3. The parties agree that the Bearer—any individual who enters into an Agreement with the Operator and is the first to present a digital Order to the System for splitting or redemption—is deemed the possessor of that Order.
3. Rights and Responsibilities
3.1. The Issuer (you) may:
Generate a digital Order using the software provided by the System;
Verify the value of the generated Order;
Split or redeem Orders;
Put digital Orders into circulation by any suitable means, including via the Internet, SMS, email, phone, fax, etc.
3.2. The Issuer shall:
Transfer assets in an amount equal to the value of generated Orders to the Operator;
Pay the System for issuance, verification, splitting, and redemption services;
Confirm receipt of an issued Order;
Strictly comply with the Rules published on the System’s website. Violation or refusal to follow the Rules constitutes a breach of this Agreement and may result in its termination.
3.3. The Operator shall:
Provide the Issuer with Internet-based access to its hardware and software;
Ensure the parameters of issued Orders (uniqueness, number, and character set) as set by the Issuer;
Maintain confidentiality of all information required to use Orders;
Provide any third party with access to a special interface for verifying, splitting, or redeeming Orders.
3.4. The Operator may:
Modify the Rules and publish them on the website. Revised Rules take effect upon publication.
Suspend or prohibit the verification/splitting/redemption of issued Orders in accordance with a court order or request from legally authorized state authorities.
4. Settlement Procedure and Method
4.1. The parties agree that all settlements are made by the Operator deducting a portion of the assets transferred by the Issuer.
4.2. The transfer of the reserve backing issued Orders and payment for the Operator’s services shall be made in assets of the agreed type, transferred to the Operator’s designated account in the relevant payment system.
4.3. The System shall transfer unique digital Orders to the Issuer (you) by providing secure access to a special web page once payment under this Agreement has been made to the Operator.
5. Liabilities
5.1. The Issuer (you) is considered the possessor of an Order issued using the System’s hardware and software and is responsible for its safekeeping and circulation from the moment of receipt (acceptance).
5.2. The Issuer is solely responsible for the use of their Order, including administrative, criminal, or other liability for any illegal actions violating the laws of their country of residence.
5.3. The Issuer is responsible for falsifying their identity and/or providing knowingly false details in any agreements signed under applicable international laws.
5.4. The Issuer is responsible for using identification means not belonging to them to issue Orders in accordance with applicable international laws.
5.5. The Operator’s liability shall not exceed the amount of the reserve transferred by the Issuer for the digital Order issuance.
5.6. The System is not liable for the Issuer's loss of an Order due to:
Malfunctions of computer equipment or communication means used to transfer Orders;
Interception of messages;
Loss of access information caused by the Issuer, Bearer, or any third party.
5.7. The System may disclaim liability under this Agreement if the Issuer falsifies their identity and/or provides inaccurate, incomplete, or knowingly false details in the Agreement.
6. Special Conditions
6.1. This Agreement is deemed concluded upon acceptance of this offer on the CRYPTOGRANT website.
6.2. The Agreement is automatically dated at the moment of acceptance by the Issuer.
6.3. The Agreement is considered preliminary until the parties complete settlements under Section 1.1.
6.4. The parties agree that all electronic documents used in the CRYPTOGRANT system, including this Agreement, are valid and legally equivalent to written documents.
6.5. The Issuer becomes the possessor of the Order upon confirming receipt by making payment under Section 4.
6.6. The System’s representative shall provide a paper copy of this Agreement upon the Issuer’s request after verifying their identity per applicable laws and obtaining their signature.
7. Termination and Dispute Resolution
7.1. This Agreement takes effect upon acceptance by the Issuer (Sections 6.1, 6.2, 6.3) and terminates upon fulfillment.
7.2. Legal matters not covered by this Agreement or the Rules but related to its execution shall be governed by applicable international law.
7.3. Any disputes arising under this Agreement shall be resolved in court under applicable international law.