1.1 What these terms cover. These are the terms which will govern the use of Tokens on the Network.There are additional Terms to cover certain Services and provisions in further detail, which will also be applicable to you (Terms).
1.2 Why you should read them. Please read these terms carefully before you purchase or utilise the Tokens. These terms will explain the key features of Tokens, how you can purchase them from the Network, how we may change the Token features and these terms and what to do if there is a problem, along with other important information. If you think that there is a mistake in these terms or require any changes, please contact us to discuss. We recommend that you print a copy of the Terms for future reference.
1.3 If you do not agree to these Terms or are not permitted to do so for any reason, you must not use the Network or the Uhive App.
1.4 "Writing" includes emails and via the Uhive App. When we use the words "writing" or "written" in these terms, this includes emails and communication via the Uhive App.
The following definitions and rules of interpretation apply in these terms and conditions. Terms and rules of interpretation set out in the general terms and conditions have the same meaning when used in this token policy.
Account: a User’s account on the Network.
AML Laws: all laws, regulations, and obligations imposed upon us through statute or by our regulators, to complete checks against you to verify your identity, address and source of funds (where necessary), including but not limited to legislation governing the proceeds of crime, terrorism and money laundering that are in force at the date of the Terms, when you become a Registered User of the site, as amended from time to time, including but not limited to the Money Laundering Regulations 2017 (as amended).
Contract: the contract between a User and Uhive for the sale and purchase of the Tokens in accordance with the Terms.
Fiat currency: currency that a government considers to be legal tender for any products or services, which is regulated by a central bank. Examples of such currencies include the US Dollar ($), the British Pound Sterling (£), the Euro (€), etc.
Force Majeure Event: an event or circumstance beyond a party's reasonable control.
Network: the social networking platform owned and operated by Uhive which is accessible via the Uhive App.
Restricted Country: the People’s Republic of China.
Space: the personal profile of a User on which Users can post comments, share ideas and thoughts, and which has a specific digital location on the Network.
Tokens: a Token is a unit of value registered on the blockchain network used by Uhive, and which can be purchased on the Network for the purpose of utilising the Services. Further details on what Tokens are and how they work are set out in clause 5.
Token Order: a user’s order for Tokens via the Uhive App or the Uhive Website, which is confirmed in writing by selecting the ‘Buy Tokens’ button (or equivalent indication) on either the Uhive App or the Uhive Website.
Uhive: Uhive Limited, a company registered in England and Wales with company registration number 11200253 and registered office at 3 Shortlands, 3rd Floor, Genie9, London, United Kingdom, W6 8DA, being the owner and operator of the Network.
Uhive App: the mobile application which features the Network and in respect of which Uhive provides the Services.
User: a person registered on the Network who has agreed to Uhive’s Terms and who has satisfied Uhive’s compliance requirements pursuant to the AML Laws.
V2 Tokens: a unit of value which would be registered on the blockchain network used by Uhive, which may be developed by Uhive in the future and may have the attributes described in clause 19.2.
Wallet: has the meaning given to it in clause 14.1.
3.1 These Terms refer to the following additional terms and policies, which also apply to you and your use of the Network and / or Uhive App:
|General terms and conditions||https://www.uhive.com/legal/general-terms-and-conditions/|
|Business Users policy (for businesses)||
|Community Standards (Civilised and Free World) policy||
|End-user licence agreement||
4.1 The Tokens which are available for purchase on the Network are available for the sole purpose of utilising the Network’s Services. The availability of Tokens is not meant to be construed as an inducement or encouragement to purchase the Tokens or for the Tokens to be considered as an investment in any way.
4.2 There is no expectation of future profit or gain from the purchase or holding Tokens in their current form. Tokens do not represent:
4.3 Uhive is not, by virtue of making content available on the Network (including information on any reward or referral programs), providing advice to you or any person in relation to the purchase of Tokens. Any decision to purchase Tokens is solely your own and Uhive does not accept any responsibility and disclaims any and all liability in relation to any decision made by a User to purchase and hold Tokens for investment purposes.
4.4 The types of loss listed in this clause 4.4 are wholly excluded:
4.5 For the avoidance of doubt, Uhive has used best endeavours to ensure that there are appropriate technical and organisational measures, which are regularly reviewed and approved internally, to protect against the unauthorised or unlawful processing of data on the Network and against accidental loss or destruction of, or damage to, data, and provided Uhive uses its best endeavours to rectify any technical issues with the Network or in respect of the storage of Tokens, there shall be no fault or liability on the part of Uhive in respect of the same.
4.6 Subject to the preceding provisions of this clause 4, Uhive’s total liability to Users, irrespective of whether it arises under or in connection with these Terms, as a result of Uhive’s negligence, or any other act or omission of Uhive, shall be limited to :
4.7 Subject to the preceding provisions of this clause 4, unless the User notifies Uhive within the notice period that it intends to make a claim against Uhive for any reason, Uhive shall have no liability for that event. The notice period for an event shall start on the day on which the Uhive became, or ought reasonably to have become, aware of the event having occurred and shall expire 2 months from that date. The notice must be in writing and must identify the event and the grounds for the claim in reasonable detail.
4.8 This clause 4 shall survive termination of these Terms.
5.1 A Token is a unit of value registered on the blockchain network used by Uhive.
5.2 You can use your Tokens to utilise certain Services on the Uhive Network.
5.3 Tokens are designed to be used on the Uhive Network only.
5.4 Tokens are not a means of investment or meant to be construed assalary.
6.1 You can get Tokens in the following ways:
6.2 You can also buy Tokens from the Uhive website by using a PayPal portal and spending Fiat Currency (e.g. USD ($), GBP (£), Euros (€)). Uhive’s website will also allow Tokens to be purchased using Bitcoin.
7.1 When the Network launches, the price of each Token will be USD $0.003.
7.2 The Tokens have a specific function on the Uhive App and are not meant to be treated as an investment, and therefore will not appreciate in value.
7.3 If Uhive considers changing the attributes of Tokens, including whether their price or value will change, we will notify Users before making the change.
7.4 There will be a maximum number of 80 billion Tokens that will be circulated during the lifetime of the Uhive Network.
8.1 Order and acceptance.
8.2 Pricing and Payment.
8.3 Invoice and delivery by download.
8.4 Token warranty.
9.1 You can use your Tokens to do the following things:
10.1 You cannot sell or trade your Tokens within the Uhive App or externally.
10.2 Tokens, in their current form, are not designed to be traded on cryptocurrency exchanges.
10.3 If Uhive changes its policy on the sale or trade of Tokens, including whether to create an internal marketplace on the Uhive App for the trading of Tokens, we will notify Users before making such changes.
10.4 Uhive is under no obligation to make any changes to how Tokens are used, purchased or earned or any other features that are attributed to them. Should there be any changes to the features of Tokens, we will notify you via the Network or email.
11.1 Uhive has the right to request certain background information, such as proof of identification, proof of address and proof of origin of funds,from you before agreeing to accept a Token Order.
11.2 Uhive is entitled to take up to 48 hours to review the information and documentation you provide before agreeing to process any Token Order. If we have any questions regarding the information you provided or require further information, then we will require you to provide the necessary responses or information before we agree to accept the Token Order.
11.3 Uhive will normally make such requests in circumstances where you wishe to purchase Tokens, in a single transaction or a series of transactions taking place within 7 days of each other, in an amount which is equal to or higher than $500.
12.1 For the avoidance of doubt, Uhive has uses best endeavours to ensure that there are appropriate technical and organisational measures, which are regularly reviewed and approved internally, to protect against the unauthorised or unlawful processing of data on the Network and against accidental loss or destruction of, or damage to, data, and provided Uhive uses its best endeavours to rectify any technical issues with the Network or in respect of the storage of Tokens, there shall be no fault or liability on the part of Uhive in respect of the same.
12.2 Subject to the preceding provisions of this clause 12.1, Uhive’s total liability to Users, irrespective of whether it arises under or in connection with these Terms, as a result of Uhive’s negligence, or any other act or omission of Uhive, shall be limited to:
12.3 However, we will not re-issue you with Tokens in respect of loss or damage that:
12.4 You are responsible for configuring your devices, device settings, information technology to access the Network. You should use your own virus protection software.
12.5 We do not guarantee that the Network will be secure or free from bugs or viruses.
12.6 Notwithstanding that we may re-issue you Tokens under clause 12.2, we have no liability to you for any loss of profit, loss of business, business interruption, or loss of business opportunity whether or not the reason for any such loss arises from a technical or security fault of the Network.
13.1 We may have to suspend the sale of Tokens to:
13.2 Where possible, we will provide you with reasonable notice of any suspension on the sale of Tokens in accordance with the Terms.
14.1 You will have an internal Ethereum Wallet within the Uhive App created for you from which you can manage your Tokens.
14.2 You can use the Wallet to:
14.3 We accept no responsibility for the security of your Tokens if you transfer them to external cryptocurrency wallets.
14.4 Please note that you cannot use the Wallet to do the following:
15.1 Uhive will utilise the Ethereum blockchain to ensure that the Tokens on each Wallet is secure. Each Wallet will have a private key which his encrypted using a secure and hash vault, in order to ensure that no third party has the ability to directly access the encryption keys, which themselves will be stored on a private server on a separate Amazon Web Services VPN.
15.2 For further details or any queries regarding the security of your Wallet, please contact us on +44 (0) 20 3350 1074 or by writing to us at email@example.com.
16.1 In the early stages of the Network and from time to time at Uhive’s sole and absolute discretion, Uhive may implement reward programs in relation to the purchase of Tokens.
16.2 For example, Uhive may at its sole and absolute discretion award early Users of the Uhive App with the following badges:
Verified Account Badge:
The ‘Verified Account Badge’ is a way for UHive to confirm that it’s an authentic Space for the User who submitted the form.
This badge is a way for UHive to reward Users, with the best Space location within the center of attraction and popularity.
This badge is a way for UHive to show appreciation for the first 100,000 Users who joined UHive social network.
Believers will generate an extra 10% of Tokens from their 'Space', subject to the general terms and conditions and revenue sharing policy.
This badge is a way for UHive to show gratitude for the first 100,001- 500,000 Users who join UHive social network.
Early supporters will get an extra 5% of Tokens from their 'Space', subject to the general terms and conditions and revenue sharing policy and revenue sharing policy.
This badge is a way for UHive to confirm that this is an authentic ‘Space’ for this public figure/ influencer who believed in the social platform from the very start. Early Influencers will receive an extra 15% of Tokens from their ‘Space’ (subject to the general terms and conditions and revenue sharing policy) and this badge is awarded to the first 1000 influencers.
|End-user licence agreement||
16.3 Badge rewards can only be used one time.
16.4 Uhive may add additional badges at any time or change the rewards associated with badges at any time in its sole and absolute discretion.
16.5 Uhive may remove a rewards program (including the badges rewards) at any time in its sole and absolute discretion without notifying you in advance.
16.6 Further details of the reward programs will be available from the Network itself.
16.7 An indicative example of how a reward program will function (THIS IS AN EXAMPLE ONLY): Purchase period tiers:
|30th January - 15th March||+20%|
|16th March - 15th April||+15%|
|16th April - 15th May||+10%|
|16th May - 17th June||+10%|
|For a Purchase of $500,000 or more||+20%|
|For a Purchase of $100,000 or more||+10%|
|For a Purchase of $25,000 or more||+5%|
|For a Purchase of $5,000 or more||+2%|
17.1 From time to time, Uhive may operate referral programs under which a User will be provided with a referral code, which can be used by the User and one third party (who is not yet registered as a User on the Network) to avail bonus Tokens during their next Token purchase.
17.2 The referral code will allow the referring User and the referred User to receive a percentage of bonus Tokens during their next respective Token purchase. The percentage of bonus Tokens will be equivalent to 5% of the total price of the User’s next Token purchase.
17.3 In order for the referrer and the referred party to use their respective referral codes, the referred party will need to be successfully registered as a User on the Network in accordance with the requirements set out in Uhive’s general terms and conditions.
17.4 Uhive may change the terms of the referral programs at any time in its sole and absolute discretion without notifying you in advance.
17.5 Uhive may remove the referral program at any time in its sole and absolute discretion without notifying you in advance.
18.1 If you have changed your mind about purchasing the Token, you may be able to get a refund if you are within the cooling-off period, but this may be subject to deductions.
18.2 How long do you have to change your mind? You have 14 days after the day we email you to confirm we accept your Token Order, or, if earlier, until you start downloading the Tokens. If we deliver the Tokens to you immediately upon your purchase, and you agreed to this when ordering, you will not have a right to change your mind.
18.3 When you do not have a right to change your minds. Your right as a consumer to change your mind does not apply in respect of Tokens after you have started to download them to your Wallet.
19.1 Minor changes to the Tokens. We may change the attributes of the Tokens:
19.2 More significant changes to the Tokens and these Terms. In addition, as mentioned on the Uhive website, we may make the following changes to these Terms or the Tokens, but if we do so we will notify you in advance and rather than change the Tokens, we may create a new type of tokens called V2 Tokens, which subject to regulatory approval under the Applicable Laws, may have the following attributes:
19.3 If we introduce V2 Tokens, you will still be able to use your Tokens on the Network, but we may stop selling them in the future. You may contact us to exchange your Tokens for the V2 Tokens, but are under no obligation to do so. You may not refund the Tokens for the initial price you paid if we introduce V2 Tokens, since you will have the option to exchange for V2 Tokens or utilise the Tokens. Further details on how an exchange of Tokens for V2 Tokens will be calculated will be provided to you if we introduce V2 Tokens.
19.4 Updates. We may update or require you to update your Uhive App, provided that the Tokens shall always match the description and attributes that we provided to you before you bought them. [However, the updated Uhive App may allow you, but not require you, to purchase any new type of tokens, such as V2 Tokens.
20.1 We recognise that certain jurisdictions, such as the People’s Republic of China (a Restricted Country), do not allow the public trading of cryptocurrencies due to regulatory concerns.
20.2 Uhive maintains that the Tokens are not marketed as, held out to be, or utilised, as security tokens or investment products on the Network or otherwise, and therefore Uhive does not prohibit residents of a Restricted Country from using the Platform or purchasing Tokens.
20.3 If you are:
20.4 If at any time, Uhive is advised or believes that a resident of Restricted Country should not be registered as a User on the Network or hold Tokens as a result of regulatory issues in the Restricted Country, we will take the appropriate steps to deregister Users from Restricted Countries from the Network. For the avoidance of doubt, Users shall not be entitled to a refund of any Tokens they have purchased.
20.5 We may update our policy regarding the use of the Network and Tokens by residents of a Restricted Country depending on how the Applicable Laws in that jurisdiction develop from time to time, however we have no obligation to change our policies.
21.1 You must comply with the obligations set out in these Terms and all other Terms listed in clause 3 which are applicable to you (including the obligations in clause 16 of the general terms and conditions).
22.1 Without affecting any other right or remedy available to it, Uhive may terminate these Terms, including your access to the Uhive App, the Network and to your Tokens, with immediate effect by giving written notice to you if:
22.2 If Uhive discovers you have committed an act under clause
23.1 In performing our respective obligations under these Terms, you and we both agree to comply with the Applicable Laws and each of us will inform the other party as soon as either of us becomes aware of any breaches by the other party of, or changes in, the Applicable Laws which affects the subject matter of the Terms.
The Terms shall commence on the date you download the Uhive App and shall continue indefinitely unless you delete your Account or the Uhive App or unless terminated in accordance with clause 22.
25.1 If any dispute arises regarding any obligation of either party pursuant to the Terms:
26.1 Changes to the Terms. Uhive may need to amend these Terms to reflect changes in any Applicable Laws, best practice, to deal with additional Services provided by Uhive or for any other reason deemed appropriate and reasonable by Uhive. Uhive will notify you at least 20 Business Days in advance of any changes to these Terms by sending an email with details of the changes or notifying you of the change when you next access the Network.
26.2 No partnership or agency Nothing in these Terms is intended to, or shall be deemed to, establish any partnership or joint venture between you or us, constitute either you or us as the agent of the other party, or authorise you or us to make or enter into any commitments for or on behalf of any other party. You confirm you are acting on your own behalf and not for the benefit of any other person.
26.3 Entire agreement The Terms constitute the entire agreement between you and us and supersede and extinguish all previous agreements, promises, assurances, warranties, representations and understandings between you and us, whether written or oral, relating to its subject matter. You acknowledge that in entering into the Terms, you do not rely on any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in the Terms. You agree that you shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in the Terms. Nothing in this clause shall limit or exclude any liability for fraud.
26.4 Assignment and other dealings These Terms are personal to the parties and neither party shall assign, transfer, mortgage, charge, subcontract, declare a trust over or deal in any other manner with any of its rights and obligations under these Terms.
26.5 Waiver No failure or delay by us to exercise any right or remedy provided under these Terms or by law shall constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall prevent or restrict the further exercise of that or any other right or remedy.
26.6 Severance If any provision or part-provision of the Terms is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of the Terms. If one party gives notice to the other of the possibility that any provision or part-provision of the Terms is invalid, illegal or unenforceable, the parties shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent possible, achieves the intended commercial result of the original provision.
26.8 Third party rights. No one other than a party to these Terms shall have any right to enforce any of its terms.
26.9 Governing law These terms and conditions and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales.
26.10 Jurisdiction Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with these terms and conditions or its subject matter or formation (including non contractual disputes or claims). Client to confirm if this clause is aligned with the workings of the Network Uhive’s blockchain engineer will review and approve.