Terms and conditions

Version / Last update: February 2019

Welcome to Valari Ltd. (hereafter also “Valari” or “we/our”). We offer online software as a service (SaaS) through our Telegram Bot (“chat bot”). Our website https://www.valari.io  (the “Website”)  is purely informational and contains no personal data or trading functionality. Once the user enters the website and clicks ‘join’, he is redirected to our telegram chat bot to proceed with account registration . Our software (“Software”)  trades cryptocurrencies by means of an automatic crypto trader bot – the trading strategy and actions of which are pre-defined .

These terms and conditions (the “Terms”) apply to the relationship between Valari and you for any use of the Website, chat bot and the Software that Valari offers. You cannot use the Software without accepting these Terms.

Definitions

Valari: Valari ltd., a limited liability company incorporated under the laws of Bulgaria. The company is registered under registration number 205365439. The company’s registered office is at  ‘Zlatna Panega 2B , Plovdiv’. Valari is also referred to as “we”.

User(s): individual private person(s) or legal entity making use of the Website or Software. Users are also referred to as “you”.

Software: the software Valari has been developed to enable Users to trade in crypto currencies on the crypto market, in the form of a crypto trader bot. The Software is also referred to as “bot”. The Software is available through the Telegram bot chat.

Registration and personal account

If you want to use our Software, go to https://www.valari.io , where you will be redirected to our telegram  bot chat , serving as a secure user interface. You will need to register and create a personal account in order to use the bot and Trading Software.

You must protect the login details of your account and keep your password strictly secret. We will assume that all actions taken from your account are done by you or under your supervision.

You agree to provide up-to-date, complete and accurate information on your account. You agree to promptly update your personal account when necessary, so that we can contact you if needed.

Offers and prices

All offers and free trials (free credit) in our system are without obligations. However, all offers and free trials (free credit) are always subject to these Terms.

The user is required to deposit credit in his account in the form of crypto currency  (ETH) .That credit is non-refundable and is used by our system as a pre-paid fee pool.

We can always adjust our prices (percentages) without  notice. The price (percentages) change will take effect immediately. 

Subscription and payment

No subscription is required in order to use our system , however you are required to top up your Valari credit account as the bot generates profit and depletes the credit . Use the ETH deposit address, provided by the Telegram bot chat.

Valari has a predefined fee percentage that differs according to the user’s account  portfolio size (amount of ETH in the users Binance account).Exact fee percentages can be found at   https://www.valari.io . The predefined fees are a subject to change at any time without notice.  

Valari will give User access to the Software immediately after registration and will give free initial credit to new users (subject to change without notice).

The user is required to monitor his credit balance as upon depletion the user will have 48 hours to top-up his Valari credit before his trading info is terminated (deleted irreversibly) (subject to change without notice).

The user account will remain active as long as the user has enough Valari credit left.

In the case of a terminated trading info in an account, the user can re-initiate trading activity after clearing all open orders placed by the bot and selling all coins (apart from BNB) back to ETH.The credit amount he previously had will be used to pay for fees. (subject to change without notice)

Withdrawal

Since we do not store any crypto currency used by our users to trade (apart from the non-refundable Valari credit) we do not have any restrictions as to what the user can and cannot withdraw from his Binance account associated with our system, as long as after the withdraw the user has sufficient ETH balance to trade with.

Fair use of our Website, Chat bot and Software

By using our Website, chat bot and Software, you declare to be at least 18 years old.

You may not use the Website, chat bot and Software  in such way that you violate the Bulgarian law or any other applicable laws and regulations.

As a condition for using the Website, chat  bot and Software, you agree not to provide any information, data or content to us or the Website, chat bot and Software that is incorrect, inaccurate, incomplete or that violates any law or regulation. In addition, you agree that you will not, nor allow third parties to: 
   a.  enter any non-public / secure areas of the Website, chat bot  or Software; 
   b.   send viruses, worms, junk mail, spam, chain letters, unsolicited offers or ads of any kind and for any purpose; 
   c.   investigate, scan or test the Website, chat bot or Software or any other related system or network, or violate any security or authentication; 
   d.   use any automated systems of software to withdraw data from the Website (“screen-scraping”); 
   e.   make and distribute copies of the Website, chat  bot or Software; 
   f.   attempt to sell, distribute, copy, rent, sub-license, loan, merge, reproduce, alter, modify, reverse engineer, disassemble, decompile, transfer, exchange, translate, hack, distribute, harm or misuse the Website or Software; 
   g.   or create derivative works of any kind whatsoever.

You may not create an account under someone else’s name or act like someone else in any other way.

In case the account concerns a corporate account, only an authorized person is allowed to trade with the corporate account. It is the responsibility of the user of the corporate account that only authorized persons have access to the account.

If you receive personal data or other sensitive information from other users, you will keep this information secret.

Valari   is entitled to (temporarily or permanently) block your account and deny you access to the Website or chat bot , if we suspect abuse of the account or the Website or chat bot. We can also block your account or deny you access to the platform if you do not comply with these Terms, including conditions and policies referenced herein.

Privacy

Valari respects your privacy and anticipate the EU General Data Protection Regulation (GDPR). When you make use of our Website, chat bot and Software, we will collect certain personal data from you. In our Privacy Policy you can read which personal data we collect and for what purposes. You can find our privacy policy here: https://www.valari.io/privacy-policy

Availability of the Website and Software and disclaimer of warranties

The Website, chat bot and Software are available on computers and handheld mobile devices running iOS and Android. Valari will use reasonable efforts to make the Website, chat bot and Software available at all times. However, User acknowledges that the Website, chat bot and Software are provided over the internet and mobile networks and thus the quality and availability of the Website, chat bot and Software may be affected by factors outside Valari’s reasonable control.

Valari does not accept any responsibility whatsoever for unavailability of the Website and Software, or any difficulty or inability to download or access content, or any other communication system failure which may result in the Website chat bot or Software being unavailable.

Valari is not responsible for any support or maintenance regarding the Website, chat bot or Software. Valari may – at its own discretion – update, modify, or adapt the Website, chat bot or Software and their functionalities from time to time to enhance the user experience. Valari  is not responsible for any downtime resulting from these actions.

To the maximum extent permitted by applicable law, Valari  hereby disclaims all implied warranties regarding the availability of the Website, chat bot and Software. The Website, chat bot and Software are provided “as is” and “as available” without warranty of any kind.

Risks

User is aware of the accompanying risks of possessing, trading and using crypto currencies and takes full responsibility for these risks. User is aware that  Valari does not guarantee monthly or daily profits as those rely entirely on the current market conditions. The bot relies on technical indicators, which are not correct 100% of the time.To handle this we have built in mechanics to deal with such cases, so please be patient, some trades can take days and even weeks to fill. Valari does not accept any responsibility whatsoever for trading induced loss, as the user is using the platform at his own risk.

Liability

Nothing in these Terms shall exclude or limit Valari’s liability when it cannot be excluded or limited under applicable law.

Valari is not liable to you for any (direct or indirect) damage you suffer as a result of the use of the chat bot or Software or the content provided there. For example, Valari is not liable for:

withdraws  from user’s Binance account, as we require the user to submit API keys with withdraw disabled

the proper functioning of (hyper)links provided by the chat bot or Software;

the (lack of) financial benefit for the Users through the use of the chat bot or Software;

any situation where Users mobile device, login details and/or password is stolen and any third party subsequently makes use of the Website, chat bot or Software without User’s consent;

any damage or alteration to User’s equipment including but not limited to computer equipment or a handheld device as a result of the installation or use of the chat bot or Software;

a failure to meet any of Valari’s obligations under these Terms where such failure is due to events beyond Valari’s reasonable control.

Indemnification

Users will indemnify, defend, and hold Valari harmless from and against all liabilities, damages and costs (including settlement costs and reasonable attorneys’ fees) arising out of third party claims regarding:

any injury or damages resulting from behaviour of User related to the use of our Website,chat bot and Software

breach by User of these Terms or violation of any applicable law, regulation or order.

Miscellaneous

Valari  reserves the right to change these Terms. When we change these Terms in a significant way, we will notify Users by newsletter (if User has provided us with his e-mail address to this end) and post a notification on our Telegram announcement channel  along with the updated Terms. By continuing to use the Valari system, you acknowledge the most recent version of these Terms.

If we do not enforce (parts of) these Terms, this cannot be construed as consent or waiver of the right to enforce them at a later moment in time or against another User.

User cannot transfer the rights and obligations from these Terms to third parties.

Severability

The invalidity or unenforceability of any provision of these Terms shall not affect the validity or enforceability of any other provision of these Terms. Any such invalid or unenforceable provision shall be replaced or be deemed to be replaced by a provision that is considered to be valid and enforceable and which interpretation shall be as close as possible to the intent of the invalid provision.

Applicable law and jurisdiction

These Terms shall exclusively be governed by and construed in accordance with the laws of the Bulgaria.

Unless mandatory law compels differently, all disputes resulting from or arising in connection with these Terms shall be exclusively submitted to the competent court of Plovdiv, Bulgaria, unless the dispute can be settled in an amicable fashion.

Complaints, comments and suggestions

Valari strives to give you optimal service. If you have a complaint, comment or suggestion, you can contact us at  contact@valari.io . Please provide us with your contact details, and a clear description and reason for your complaint. Complaints are usually processed within 7 working days.

Valari.io
Zlatna Panega 2B 
Plovdiv 4003
Bulgaria
contact@valari.io