‍Last updated: Jan 28th 2024

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This document establishes a legally binding agreement between LOD Technologies Inc. (referred to as “LOD ”) and its users.

LōD, a private corporation incorporated in British Columbia, Canada, provides a suite of products and services collectively referred to as the “Platform” in this document.

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Throughout this agreement, terms like “we,” “us,” and “our” pertain to LōD.
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Acceptance of Terms

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By using LōD Platform, users acknowledge and agree to abide by the outlined terms and conditions.

Non-agreement requires immediate cessation of services.

Users, including entities represented by individuals, are bound by these terms.
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Purpose of the Terms

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These terms aim to define the relationship between LōD and its users, outlining rights, responsibilities, and expectations.

They safeguard intellectual property, privacy, compliance, and security for both parties.
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User Accounts

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To access LōD services, users must create an account, providing accurate information.

Users are responsible for maintaining confidentiality, promptly updating information, and ensuring security measures:

• Maintain confidentiality of account credentials.
• Promptly update account information.
• Use strong passwords and consider regular updates.
• Notify support promptly in case of lost or stolen credentials.
• Avoid sharing passwords, even with trusted individuals.
• Use secure networks and enable Two-Factor Authentication (2FA) for added security.

LōD reserves the right to suspend or terminate accounts for violations, with reasonable notice in most cases.

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Users can appeal suspensions or terminations through the support team, following procedures in the dispute resolution section.

In case of account suspension or termination, LOD may retain user data as outlined in the privacy policy or to comply with relevant laws.

Individuals registering on behalf of entities must possess the necessary authority to represent the entity and enter into a legally binding agreement.
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Service Description

Bitcoin Mining Pool

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Users can contribute computing power (hashrate) to our mining pool via the Platform.

LōD is not responsible for server addresses communicated through unauthorized channels.

Users set LōD mining pool addresses on their SHA256 mining devices.

Payments are allocated based on device performance during the day and are finalized daily around 1:00 am UTC.

Refer to our Transparency Policy for reward calculation details.

We will send the payouts according to the wallet address set by the user.
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ASIC Management and IoT Platform

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This module allows remote management of ASIC devices and other supported devices.

Users need to install LōD Agent on a compatible device connected to their local network.

Compatibility check is the user's responsibility.
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Energy Strategy Solution

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Processes data collected from Independent System Operators' (ISO) websites.

Enables users to set rules and actions.

Users can also send commands to the ASIC Management and IoT Platform.
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AML Compliance

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LōD Technologies Inc. is committed to strict adherence to Anti-Money Laundering (AML) regulations.

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• Accounts must be used solely for the benefit of the user or their entity.
• Transfer of ownership to third parties is prohibited.
• Services are restricted for individuals or entities in sanctioned countries (North Korea, Syria, Iran, Crimea, Cuba).
• LōD may suspend or terminate accounts in case of violation.

• Identification and residence information may be requested at any time.
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Intellectual Property

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All intellectual property associated with LōD services, including software, content, trademarks, and proprietary technologies, are the sole property of LōD  Technologies Inc.

Users receive a limited, non-exclusive, non-transferable license to use LōD's intellectual property.

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Users are prohibited from:

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• Reproducing, modifying, or distributing LōD's intellectual property.
• Creating derivative works without written consent.
• Reverse engineering, decompiling, or disassembling software.
• Removing or altering copyright, trademark, or notices.

Violation may result in suspension or termination of the account.
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Security of Digital Assets

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Users acknowledge and accept the risks of holding assets with a third party.

LōD strongly advises:

• Regularly withdrawing assets.
• Avoiding long-term storage on the Platform.
• Setting the lowest payout thresholds.

LōD assumes no liability in case of breaches or hacks.
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Privacy

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For details on how data is handled, refer to our Privacy Policy.

User data may include:

• Personal information from account creation.
• Transaction details.
• Record of earnings and payouts.
• Technical information (IP addresses, device info).

Data is collected for:

• Improving services.
• Ensuring account security.
• Legal compliance.

Users may:

• Access, correct, or delete their personal information.
• Manage preferences in account settings.
• Opt-out of promotional communications.
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Payment and Billing

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For subscription plans and pricing, refer to the Pricing page.

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• Mining pool fees are deducted daily (see Transparency Policy).
• Payments accepted: Bitcoin, credit cards, wire transfers.
• Subscriptions may renew automatically unless canceled.
• Non-payment may result in suspension or termination.

Users should contact support for payment disputes.
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Termination

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Users may terminate this agreement at any time (unless bound by a long-term contract).

LōD may terminate for:

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• Violation of terms.
• Reverse engineering or sharing with competitors.
• Non-compliance with payments.
• Conduct deemed harmful or illegal.

Upon termination:

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• Access to services will cease.
• Data may be retained under privacy policy or law.
• Users may appeal termination via support.
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Limitation of Liability

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LōD strives to provide reliable products, services, and software but cannot guarantee error-free, uninterrupted operation.

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LōD shall not be liable for:

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• Lost profits, revenues, or data.
• Consequential, special, indirect, or incidental damages.

Liability is limited to the amount paid by the user within the last 6 months.

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The platform is provided “as is” without warranties, express or implied.
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Indemnification

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Users agree to indemnify and hold LōD harmless from claims arising out of:

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• Their contributions.
• Use of the Platform.
• Breach of Terms.
• Violation of third-party rights.
• Harmful acts toward other users.
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Dispute Resolution

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• Parties must first attempt informal negotiations.
• If unresolved → proceed to non-binding mediation.
• If mediation fails → binding arbitration.
• Legal proceedings shall be under the jurisdiction of British Columbia, Canada.
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Updates and Changes

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LōD  may update or change:

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• Platform features.
• Terms of Use.
• Privacy Policy.

The Effective Date indicates the last modification.
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Governing Law

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These Terms are governed by the laws of British Columbia, Canada.
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Miscellaneous

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Neither party is liable for failures caused by force majeure (natural disasters, war, sanctions, strikes, internet outages, etc.).

If any provision is invalid, it shall be replaced with a valid one closest to the original intent.
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Contact Information

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You may contact us regarding this agreement at:

support@LOD.io