Last Updated: [April 27, 2023]
This end-user agreement (the "Agreement") should be read by you (the "User" or "you") in its entirety prior to your use of AscensionOne's service or products. Be aware that this Agreement constitutes a legally binding agreement between you and LayerOne Cloud (Pty) Ltd trading as AscentionOne (referred to herein as "AscensionOne", "us" or "we") which owns and operates the website on the Internet and the Service at https://ascensionone.app/ (the "Service"). By accessing or using the site or AscensionOne Services, you agree that you have read, understood, and agree to be bound by this agreement.
1.1. By signing up to use an Account through any of the AscensionOne Clients’ social websites made available through the AscensionOne Platform, you agree to comply with and be legally bound by this Agreement. If you do not agree to any of the terms set forth in this Agreement or any subsequent modification to the Agreement, you may not access or use any of the AscensionOne Services and must cancel your AscensionOne Account immediately.
1.2. We may amend or modify this Agreement by posting such amended or modified Agreement ("Revised Agreement") on the AscensionOne Platform or by notifying you about the changes via email. By continuing to access or use the AscensionOne Services once the Revised Agreement is effective, you agree to be bound by its terms.
1.3. To be eligible to use the AscensionOne Services, you must be at least 18 years old (or the applicable age of majority and contractual capacity in each qualifying jurisdiction). By accessing or using the AscensionOne Services you represent and warrant that you are 18 or older.
1.4. AscensionOne disclaims any and all warranties, expressed or implied, in connection with the service which is provided to you "as is" and we provide you with no warranty or representation whatsoever regarding its quality, fitness for purpose, completeness, or accuracy.
1.5. The term "AscensionOne", its domain names and any other trademarks, or service marks used by AscensionOne as part of the Service (the "Trademarks"), are solely owned by AscensionOne. In addition, all content on the website, including, but not limited to, the images, pictures, graphics, photographs, animations, videos, music, audio, and text (the "Site Content") belongs to AscensionOne and is protected by copyright and/or other intellectual property or other rights. You hereby acknowledge that by using the Service, you obtain no rights in the Site Content and/or the Trademarks, or any part thereof. Under no circumstances may you use the Site Content and/or the Trade Marks without AscensionOne’s prior written consent. Additionally, you agree not to do anything that will harm or potentially harm the rights, including the intellectual property rights of AscensionOne.
You agree to the rules of the Service provided and described on the https://ascensionone.app/ website. AscensionOne retains all authority over the issuing, maintenance, and closing of the Service. The decision of AscensionOne’s management, concerning any use of the Service, or dispute resolution, is final and shall not be open to review or appeal.
Prior to your use of the Service and on an ongoing basis you represent, warrant, covenant, and agree that:
3.1. There is a risk of losing cryptocurrency & other funds of value when using the Service and AscensionOne has no responsibility to you for any such loss;
3.2. Your use of the Service is at your sole option, discretion, and risk. You hereby accept full responsibility for any consequences that may arise from your use of the Services, and expressly agree and acknowledge that AscensionOne shall have absolutely no liability in this regard.
3.3. You are solely responsible for any applicable taxes which may be payable on cryptocurrency traded or transacted by you through your using the Service;
3.4. Any cryptographic tokens, blockchain technology, or distributed ledger technology-related projects are new and relatively untested, and outside of both our and our Clients’ exclusive control. Any adverse changes in market forces, technology, and regulatory environment impacting our performance under this Agreement shall absolve us from responsibility in this regard, including but not limited to hacking attacks, possible theft, unfavorable regulatory action, or unclear legal/tax status of cryptographic tokens.
3.5. (i) You are eighteen years of age or older, (ii) you are of the age of majority in your jurisdiction, (iii) you are accessing the Service from a jurisdiction in which it is legal to do so, (iv) your use of the Services is not prohibited by applicable law, and at all times compliant with applicable law; and (v) you are solely responsible for use of the Services and, if applicable, for all activities that occur on or through your User Account.
4.1. In connection with your use of the AscensionOne Services, and your interactions with other Users, and third parties you agree and represent you will not engage in any illegal, unauthorized, or improper activity, which are:
4.2. We reserve the right to (a) modify or discontinue any portion of the AscensionOne Services, and (b) suspend or terminate your access to the AscensionOne Services, at any time, and from time to time, without notice to you in certain, limited circumstances described herein. You agree that we shall not be liable to you or any third party for any modification or termination of the AscensionOne Services, or suspension or termination of your access to the AscensionOne Services, except to the extent otherwise expressly set forth herein.
5.2. Although AscensionOne makes no warranty as to the merit, legality, or juridical nature of any token (including whether or not it is considered a security or financial instrument under any applicable Securities Laws), token sale or fundraiser on top of AscensionOne, we nonetheless understand the need of some token projects to require KYC/AML on their token sale participants.
5.3. Therefore, and at the sole behest of fundraising entities and/or competent regulatory authorities, AscensionOne reserves the right at any time:
5.4. Although AscensionOne makes no warranty as to the merit, legality, or juridical nature of any IDO token, we nonetheless understand the need of IDO fundraising projects to require KYC/AML Verification on their token sale participants of Users. Therefore, AscensionOne reserves the right:
5.6. AscensionOne expressly prohibits and rejects the use of the Service for any form of illicit activity, including money laundering, terrorist financing or trade sanctions violations, consistent with various jurisdictions’ laws, regulations and norms. To that end, the Service is not offered to individuals or entities on any Politically Exposed Persons (“PEP”) lists, or subject to any United States, European Union, or other global sanctions or watch lists. By using the Service, you represent that you are not on any such lists.
5.7. You fully acknowledge that your information and KYC documentation may be disclosed to government agencies or regulator upon the only valid request of the court order. Once you have decided to participate in any IDO fundraising event and start staking your AscensionOne Tokens, you must ensure that all information provided to AscensionOne is complete, accurate, and updated in a timely manner. AscensionOne will rely on the information you provided and should there be any reasonable grounds to believe that the partial or the whole of your information provided to us is incomplete, or incorrect, or outdated, AscensionOne reserves the right to send you a notice to demand correction, or to delete such information directly, and, as the case may be, to prohibit you to access to all or part of AscensionOne website and the Services.
5.8. If AscensionOne has the reasonable ground to believe that any user transacts or use the Services by using the digital currencies derived from any suspicious illegal activities, AscensionOne shall be entitled to freeze/close/delete accounts as necessary. AscensionOne will hold no liability to such users for any damage, or loss arising out of or in connection with this manner herein. Please note that any attempt to circumvent this Clauses will also result in a similar action.
6.1. The AscensionOne Platform and all AscensionOne Services, including their design elements or concepts and any underlying intellectual property, including, but not limited to, all trademarks, are the property of AscensionOne and/or AscensionOne Customers (as applicable), and are protected by copyright, patent, trade secret, and other intellectual property laws.
6.2. AscensionOne and AscensionOne Clients retain any and all rights, title, and interest in and to AscensionOne Platform and AscensionOne Services (including, without limitation, all intellectual property rights), including all copies, modifications, extensions, and derivative works thereof. Your right to use the AscensionOne Platform and AscensionOne Services is limited to the rights expressly granted in these Terms. Except as stated in these Terms, nothing in these Terms should be construed as conferring any right in or license to AscensionOne’s or any third party’s intellectual rights.
6.3. You may not: Copy, create derivative works, distribute, publish, reverse engineer, decompile, disassemble, modify, or translate the AscensionOne website or the Service; or Use the Service that in any way is prohibited by applicable laws or regulations (each of the above herein defined as an "Unauthorized Use"). You agree that you will be solely responsible for any damage, costs, or expenses arising out of or in connection with any unauthorized use by you
7.1. The laws of Panama (with the exclusion of any rules that might lead to the use of any other law which is not the law of Panama) will govern the validity and construction of this Agreement, any separate agreement whereby we provide you any services and any dispute arising out of or in relation to this Agreement or such separate agreement.
7.2. Persons located in or residents of specific countries (varies from project to project) are not permitted to make use of the Service: United States (of America), Bolivia, Cambodia, Iran, Iraq, Libya, Nepal, Zimbabwe, Liberia, Myanmar, North Korea. For the avoidance of doubt, the foregoing restrictions on Service from Prohibited Jurisdictions apply equally to residents and citizens of other nations while located in a Prohibited Jurisdiction. Any attempt to circumvent the restrictions on usage by any persons located in a Prohibited Jurisdiction or Restricted Jurisdiction is a breach of this Agreement. An attempt at circumvention includes, but is not limited to, manipulating the information used by AscensionOne to identify your location and providing AscensionOne with false or misleading information regarding your location or place of residence.
8.1. The Services may include services, content, and information owned, made available, or otherwise licensed by a third party ("Third-Party Services") or contain links to Third Party Services. You understand that Third-Party Services are the responsibility of the third party that created or provided it and acknowledges that the use of such Third Party Services is solely at your own risk.
8.2. AscensionOne makes no representations and excludes all warranties and liabilities arising out of or pertaining to such Third Party Services, including its accuracy or completeness.
8.3. All intellectual property rights in and to Third-Party Services are the property of the respective third parties.
9.1. AscensionOne will issue a blockchain-based token called "AscensionOne Token" on BNB Chain Network. AscensionOne Token is classified as the utility token designed to be used solely on the AscensionOne Platform or on https://ascensionone.app/ website.
9.2. Users who stake AscensionOne Tokens in our staking pools will be eligible to participate in IDO fundraising project event.
9.3. Users who stake AscensionOne Tokens in our staking pools are getting additional rewards in a form of TPAD tokens. Each staking pool provides a dynamic APY. This number is not a guarantee and can be changed at any time. We are not responsible for your potential losses when staking pool APY is adjusted.
9.4. AscensionOne Token is not considered as security of any kind, and it also does not carry any right to vote, manage or share in the AscensionOne Platform.
9.5. AscensionOne Token is neither money nor legal tender/currency, whether fiat or otherwise, and it does not carry any value whether it is intrinsic or assigned.
10.1. Without prejudice to any other rights, if a User breaches in whole or in part any provision contained herein, AscensionOne reserves the right to take such action as it sees fit, including terminating this Agreement or any other agreement in place with the User and/or taking legal action against such User.
10.2. You agree to indemnify and hold harmless AscensionOne, its affiliates, subsidiaries, licensors, and their respective directors, officers, members, managers, employees, and agents from and against any and all claims and expenses arising out of your use of the Services, a breach of any provision of these Terms by you or any person using the Services on your behalf, a breach by you of any applicable laws, or any third-party claim to the extent arising from or connected with an allegation that your use of the Services in accordance with these Terms infringes any rights of a third party.
11.1. AscensionOne shall have no liability for delays, failure in performance, or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, the act of civil or military authorities, the act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.
11.2. You agree to indemnify and hold harmless AscensionOne, its affiliates, subsidiaries, licensors, and their respective directors, officers, members, managers, employees, and agents from and against any and all claims and expenses arising out of your use of the Services, a breach of any provision of these Terms by you or any person using the Services on your behalf, a breach by you of any applicable laws, or any third-party claim to the extent arising from or connected with an allegation that your use of the Services in accordance with these Terms infringes any rights of a third party.
12.1. Severability: If a provision of this Agreement is or becomes illegal, invalid, or unenforceable in any jurisdiction, that shall not affect the validity or enforceability in that jurisdiction of any other provision hereof or the validity or enforceability in other jurisdictions of that or any other provision hereof.
12.2. Assignment: AscensionOne reserves the right to assign this Agreement, in whole or in part, at any time without notice. The User may not assign any of his/her rights or obligations under this Agreement.
12.3. Third-Party Rights: Unless expressly provided to the contrary in this Agreement, a person who is not a party to this Agreement has no right to enforce or to enjoy the benefit of any term of this Agreement. Notwithstanding any term of this Agreement, no consent of any party who is not a party to this Agreement shall be required for the waiver, variation, or termination of any part of this Agreement.
12.4. Support and Notice: All notices, requests, demands, and determinations for AscensionOne under these Terms (other than routine operational communications) shall be sent to: audit(at)layerone(dot)cloud.