Terms of use

Please read these Terms of Use (hereinafter – the “Terms”) carefully prior to using the MegaLion (https://MegaLion.io) website (hereinafter – the “Website”), the API, our mobile applications or any other related services, provided by the Company or its affiliates, as laid down in Section 3. 

If you do not agree with these Terms, you may not access or use the Website or any services provided on the Website. 

 

1. Terms and Definitions 

 

1.1. Account – a personal account, opened by you on the Website with the aim to access services on the Website. 

1.2. AML Policy – rules of conduct aimed at the prevention of money laundering and terrorism financing, developed by the Company in accordance with the Applicable Law.

1.3. Applicable Law. The Terms and any non-contractual obligations arising out of or in connection with them are governed by and construed in accordance with English law. The International Business Companies Act 1994 is the principal legislation that governs corporations in the Republic of Seychelles. "Applicable Law" means all civil and common laws, statutes, subordinate legislation, treaties, regulations, directives, decisions, by-laws, ordinances, circulars, codes, orders, notices, demands, decrees, injunctions, resolutions, rules and judgments of any government, quasi-government, statutory, administrative or regulatory body, court, agency or association by which any member of the MegaLion or you are bound in any jurisdiction applicable to the receipt or performance of the Services. 

1.4. Cryptocurrency – decentralized peer-to-peer digital assets, that have no central issuer and are not legal tender, which are not securities, e-money, or money under the Applicable Law. 

1.5. Deal – a legally binding contract, which results in the alienation of rights to cryptocurrency units, fiat money or LION and gain of rights to fiat money, another cryptocurrency units or LION, according to available Trading Pairs based on the Exchange Rate at the moment of the Deal formation, which is between you and another User of the Platform. 

1.6. Exchange Rate – correlation of value between cryptocurrency units and cryptocurrency units, LION or fiat money (also referred to as the “Funds”) in Trading Pairs, based on their demand, supply, value, utility, and other economic variables. 

1.7. Fee – commission or other costs, charged by the Company for the use of Services. 1 

1.8. Fiat Money - government-issued currency, which is legal tender in one or more jurisdictions. 

1.9. LION Token (hereinafter referred to as the “LION”, “Token”) – an BEP-20 internal loyalty unit, deployed on the Platform, that performs the functions set forth in Section 11 of the Terms. 

1.10. MegaLion (also referred to as the “Exchange”) – an online platform, operated by the Company, that offers Services of exchanging cryptocurrencies and other services, laid down in Section 3 of the Terms. 

1.11. Privacy Policy – rules of personal data collection, storage, distribution, and use, developed by the Company in accordance with the Applicable Law.

1.12. Services – any services, provided on the Platform by the Company, laid down in Section 3 of the Terms. 

1.13. Trading Pair - currency pair, where the value of one unit (cryptocurrency, LION, or fiat money) is quoted against other units, available on the Platform. 

1.14. User (also referred to as “You”, “Your”) – an individual (a physical person) or a legal entity, incorporated in an appropriate legal form, that has opened an Account on the Website, who has the capacity to enter into a legally binding contract and use the Website, and is not prohibited to do so and use the Services by the Applicable Law or any other laws that may apply. 

1.15. Website – an Internet website, maintained and owned by the Company at https://MegaLion.io. 

1.16. Withdrawal – a transaction, which involves the transfer of the units of cryptocurrency from your Account. 

1.17. API - Application Programming Interfaces; 

 

2. Terms of Use Status and Acceptance

 

2.1. These Terms constitute a legally binding agreement between you and the Company. 

 

2.2. These Terms apply to any and all Services, information, texts, and other products, offered on the Website by the Company. 

 

2.3. By accessing the Website, opening an Account on the Website, or ticking the “I agree” checkbox, you agree to be bound by these Terms and confirm that you have read, understood, and accepted all the provisions of these Terms, as well as provisions of our Privacy Policy and the AML Policy. 

 

2.4. You cannot access or use the Website if you have not read, understood, and accepted all the provisions of these Terms. 

 

2.5. The Company may change, remove or add the context of the Terms and reserves the right to do so in its sole discretion. All new and/or revised provisions of the Terms take effect immediately and apply to your use of the Website from that date on. Please, check these Terms regularly to be aware of all current provisions of these Terms. 

 

2.6. MegaLion reserves the right to modify or change the Terms at any time and at its sole discretion. The Company will provide notice of any changes to the Terms by updating the revised Terms on the Website and changing the “Version:” and the “Last revised:” version and date respectively on the Website. Any and all modifications or changes to these Terms will be effective immediately upon being announced on the website or released to users. As such, your continued use of MegaLion services acts as acceptance of the amended agreement and rules. If you do not agree to any modification to these Terms, you must stop using the Services. MegaLion encourages you to frequently review the Terms to ensure you understand the terms and conditions that apply to your access to, and use of, the Services. 

 

2.7. You can review the most current version of the Terms using the Terms of Use link. If you continue to use the Website after the Company makes changes to the Terms, you are signifying your acceptance of the new and/or revised Terms. If you do not agree with any of the changes to the Terms, you must stop using the Website and Services.

 

2.8. These Terms, including our Privacy Policy and the AML Policy, any and all notices, notifications, disclaimers constitute an entire agreement between you and the Company. These Terms do not intend to alter the terms of any other agreements (whether oral, written, electronic, smart-contracts) between you and the Company, if any. 

 

2.9. The following commercial uses of MegaLion data is prohibited unless written consent from MegaLion is granted: 

 

1) exchange services that use quotes or order book information from MegaLion; 

2) data feed or data stream services that make use of any market data from MegaLion; 

3) any other websites/apps/services that charge for, or otherwise commercially monetize (including through advertising or referral fees), market data obtained from MegaLion . 

 

3. Services 

 

3.1. The Company provides the following services on the Website (collectively – “Services”, and separately – the “Service”): 1) exchanging cryptocurrency unit for units of another cryptocurrency, fiat money, or MegaLion  token; 2) cryptocurrency wallet provision for exchanging, storing, and withdrawing units of cryptocurrencies on the Platform; 3) depositing and withdrawing units of cryptocurrencies on the Platform. 

 

3.2. By providing a Service of enabling the exchange of cryptocurrency unit for units of another cryptocurrency, fiat money, or MegaLion , the Platform matches you with another User (or multiple Users, in 3 case your order is filled partially or by multiple matching orders), that cannot be predetermined, which results in a Deal. 

 

3.3. By providing a wallet provisions Service, the Company provides you with digitally secured wallets for cryptocurrencies (e.g. BTC, ETH) and MegaLion  Tokens, aimed to exchange, store, and withdraw units of cryptocurrencies. 

 

3.4. To access Services, laid down in Sections 3.2-3.3 of the Terms, you have to deposit units of cryptocurrency on the Platform. 

 

3.5. Deposits and withdrawals are made in accordance with Section 9 of the Terms. 

 

3.6. The Company may at any time disable the access to the Website and/or Service/Services and reserves the right to do so in its sole discretion. 

 

3.7. The Company only offers Services regarding the cryptocurrencies the Platform supports. Please, check the Website regularly to be aware of what cryptocurrencies are supported. You should not attempt to use your Account to deposit units of cryptocurrency the Platform does not support. 

 

3.8. The Company stores all keys related to your cryptocurrency units securely. We do not interact with units of cryptocurrencies on your external wallets. 

 

3.9. The provision of Services might be delayed due to circumstances including but not limited to technical difficulties, reasonable doubts about the nature or source of funds deposited on the Platform, carrying out AML/KYC procedures as set forth in the AML Policy, etc. 

 

4. User’s Eligibility 

 

4.1. To access Services, you must open an Account on the Website, by undergoing a registration procedure at https://MegaLion.io/signup. 

 

4.2. The Services and the use of the Website are available to physical persons or legal entities, that you: 1) are at least 18 years of age (for physical persons) or of legal age to form a binding contract under applicable law; 2) are a legally established organization (for legal entities); 3) have the capacity to enter into a legally binding contract and use the Website, and are not prohibited to do so and use the Services by the Applicable Law or any other laws that may apply; 4) have not previously been suspended or removed from using our Services; 5) do not currently have an existing MegaLion Account; 6) have full legal capacity and authority to enter into these Terms; 7) have all necessary rights and authority to bind a legal entity with these Terms in an event you are entering into these Terms on behalf of such legal entity, of which you are a director, officer, employe, or agent; 8) are NOT citizens, residents, incorporated in Iran, Iraq, Sudan, South Sudan, Syria, North Korea, Republic of Seychelles, Bermuda, Belarus, Cuba, Crimea, Democratic Republic of Congo, Zimbabwe, USA, USA territories: United States Minor Outlying Islands, Puerto Rico, American 4 Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas) (“Restricted Countries”); 9) are NOT on any trade or economic sanctions list, including but not limited to the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. MegaLion maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion. 

4.3. The Company reserves the right to select its jurisdictions of operations and may restrict or deny the provision of Services in certain jurisdictions at its sole discretion. 

 

4.4. You can only have one Account on the Website. You should not create more than one Account on the Website. 

 

4.5. You cannot create an Account on the Website if your Account has previously been suspended by the Company. 

 

5. Personal Account 

 

5.1. When opening an Account on the Website, you warrant that any and all information, submitted by you is accurate, valid, up-to-date, and complete. 

 

5.2. You must update information about your Account should it change. 

 

5.3. You shall not use your Account for illegal purposes and activities, which may include but is not limited to money laundering, terrorism financing, human, drug, weapon, and sex trafficking, or tax evasion.

 

5.4. You must not create an Account on behalf of another individual or entity unless you are legally authorized to do so. 

 

5.5. You are solely responsible for keeping your Account secure. Do not share your login and password with others. 

 

5.6. You must notify the Company immediately upon becoming aware of any breach of security or unauthorized use of your Account. 

 

5.7. You must not resell or give access to your account to any third party. Otherwise your account will be immediately blocked. 

 

5.8. The Company reserves its right to suspend your Account without providing notice or reason in case of any violation of these Terms. 

 

6. Registration Requirements 

 

6.1. In order to receive access to the Services, provided on the Website, you will have to provide certain information and documents and undergo a verification procedure. 

 

6.2. The Company may at any time request you to provide additional documents and information and/or updated documents and/or information and documents submitted before and reserves the right to do so at its sole discretion. Failure to abide by these requirements may result in temporary or permanent cessation of Services provision and/or Account suspension. 

 

6.3. You are solely responsible for the accuracy, validity, and correctness of all information and documentation you submit to the Company. Should there be any error, mistake, update, or change in information or documents you have submitted prior, you are obliged to notify the Company immediately. 

 

6.4. Information and documents submitted by you to the Company are processed according to provisions of our Privacy Policy.