Terms and Conditions for Phoenix Silver Application
Acceptance of Terms
By downloading, installing, or using the Phoenix Silver App ('the App'), you agree to comply with and be bound by these Terms and Conditions ('Terms'). If you do not agree to these Terms, please do not use the App.
Phoenix reserves the right to update or modify these Terms at any time without prior notice. It is your responsibility to review these Terms periodically for changes.
Description of Service
The App provides users with the ability to buy, store, and use digital Silver coins ('FNX') backed by real Silver. FNX represents ownership of physical silver stored in secure and insured depositories.
Phoenix operates on a global scale and is not subject to any specific local jurisdiction. While we operate globally, we strongly recommend that users adhere to and comply with all local laws, regulations, and processes applicable in their respective jurisdictions.
The App allows users to use FNX as a form of decentralized digital currency, which can be utilized for transactions in stores and other retail establishments.
Phoenix shall not have any access to the physical Silver stored in the secure depositories or the cash stored in bank accounts associated with the Users cash wallet on the App. Only the account holder has the authority to initiate, manage, or command any actions related to the cash wallets or the Silver holdings in the depositories.
Advantages of Owning Decentralized Silver
Security and Stability: Decentralized Silver, represented by FNX, offers the security and stability of physical Silver while being stored digitally.
Ownership and Control: When you own FNX, you have direct ownership and control over your digital Silver. You can access and manage your holdings at any time, providing you with financial independence and flexibility.
Global Usability: FNX can be used as a form of decentralized cash for transactions in stores worldwide.
Preservation of Value: Silver has historically been a reliable store of value. By owning decentralized Silver, you can protect your wealth from inflation and economic fluctuations.
Ease of Transfer: FNX can be transferred easily and quickly, making them a convenient way to conduct both online and in-person transactions.
Cash Out Option: Users have the option to convert their digital gold holdings (FNX) into cash at any time through the App. The cash-out amount will be determined based on the prevailing market spot price of silver at the time of the transaction.
Registration and Accounts
To use the App, you must register and create an account. You agree to provide accurate and complete information during the registration process.
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.
User Conduct
You agree not to use the App for any unlawful or prohibited purpose, including but not limited to:
Violating any applicable laws or regulations.
Impersonating any person or entity or falsely representing your affiliation with any person or entity.
Interfering with or disrupting the App or its servers.
Attempting to gain unauthorized access to the App or its related systems or networks.
Privacy
Your use of the App is governed by our Privacy Policy, which can be found at our Privacy Policy. By using the App, you consent to the collection, use, and sharing of your information as described in the Privacy Policy.
Ownership and Intellectual Property
The App and all its content, including but not limited to text, graphics, logos, icons, images, audio clips, and software, are the property of Phoenix or its licensors and are protected by intellectual property laws.
Disclaimer of Warranties
The App is provided on an 'as is' and 'as available' basis without warranties of any kind, either express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement.
Limitation of Liability
To the fullest extent permitted by applicable law, Phoenix shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses.
Termination
Phoenix reserves the right to terminate or suspend your account and access to the App at its sole discretion, with or without cause, and with or without notice.
Governing Law
These Terms are governed by and construed in accordance with the common laws of any Jurisdiction. Any disputes arising under or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts in the user's Jurisdiction.
Contact Information
If you have any questions or concerns about these Terms, you may contact us at phoenixsilvercrypto@gmail.com.