Coincall Simple Earn Terms & Conditions

A. Acceptance of these Terms

1. By Subscribing to Simple Earn Services, you acknowledge and agree that you will be bound by and will comply with these Simple Earn service terms (“Simple Earn Terms”), as updated and amended from time to time. By accessing and/or using the Simple Earn Services, you agree that you have read and understood these Simple Earn Terms, together with any additional documents or terms referred to in these Simple Earn Terms. If you do not understand and accept these Simple Earn Terms in their entirety, you should not use the Simple Earn Services.

B. Scope of these Terms and Changes

1. These terms specifically govern your access to and use of the Digital Asset “Simple Earn” service and any ancillary services made available by Coincall (“Simple Earn Services”) in accordance with these Simple Earn Terms. Simple Earn Services comprise of the following: Flexible Simple Earn; 
2. These Simple Earn Terms are supplemental to and shall be read together with the Coincall Terms of Use available here (“Terms of Use”) and the provisions set out in the Terms of Use shall continue to apply. All terms and clauses contained in the Terms of Use (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if set out in their entirety in these Simple Earn Terms. These Simple Earn Terms constitute Product Terms. References in the Terms of Use to the Coincall Services shall include references to the Simple Earn Services contemplated hereunder. In the event of any conflict or inconsistency between these Simple Earn Terms and the Terms of Use, these Simple Earn Terms shall prevail to the services contemplated hereunder, unless expressly stated otherwise.
3. Coincall may make changes to these Simple Earn Terms (or any terms or information incorporated by reference) at any time in accordance with the Terms of Use.

C. Disclosure and Consent

1. By Subscribing to a Simple Earn Offer you can earn Simple Earn Rewards, in exchange for providing Coincall with your Simple Earn Assets. Simple Earn Rewards are not guaranteed or fixed, and the rates and timing of Simple Earn Rewards may vary.
2. Simple Earn Assets used to Subscribe for a Simple Earn Offer will not be segregated from the Digital Assets of others. Simple Earn Assets may be commingled in hot wallets and cold wallets with Digital Assets belonging to Coincall Group Entities and clients of Coincall Group Entities globally. You will not have a right to recover any specific Digital Assets but please see Section F “Redemption from Flexible Simple Earn” and Section I “Redemption from Locked Simple Earn” below.
3. Simple Earn Assets may, at Coincall’s sole discretion and without prior notice, be used for operating purposes by Coincall Group Entities including, but not limited to, loans to other clients of Coincall and Coincall Affiliates globally under Margin and Loan products. In addition, Simple Earn Assets that are Subscribed to Locked Simple Earn may also be used by Coincall Group of Entities in on-chain staking activities in a tightly controlled manner. Any use of Simple Earn Assets for operating purposes will be subject to stringent policies and explicit limitations as to how Simple Earn Assets are deployed.
4. Your Simple Earn Assets can be redeemed in accordance with the terms of the Simple Earn Offer that you have Subscribed to and Coincall will return your redeemed Simple Earn Assets in full, in the same quantity and type of Digital Asset with which you Subscribed. However, the use of Simple Earn Assets for operating purposes (including for loans under Margin and Loan products and for on-chain staking activities) may be subject to various risks. In exceptional circumstances these risks could negatively impact the ability of Coincall to return your Simple Earn Assets in full or at all.
5. Please refer to the Risk Disclosure for a summary overview of some (but not all) of the risks that may result from subscribing Digital Assets to a Simple Earn Offer, including risks that may arise from the use of your Simple Earn Assets by Coincall Group Entities for operating purposes.
6. Although Coincall takes all reasonable precautions to minimise the risks described in theRisk Disclosure and to safeguard the return of Simple Earn Assets to users in accordance with these Simple Earn Terms, in extreme and exceptional circumstances Coincall may not have sufficient assets readily available to return Simple Earn Assets to users in a timely manner. This could result in you losing some or all of your Simple Earn Assets. These exceptional circumstances could arise, for example, following a catastrophic hack or technical failure, a significant number of borrowers to whom loans have been made under Margin and Loan products defaulting at the same time, depletion of the Margin insurance fund, systemic risk or other black swan events that affect the cryptocurrency market as a whole.
7. No Coincall makes any representation or warranty that Simple Earn is appropriate (a) for any user or in any location, or (b) that the transactions and services described in these Simple Earn Terms are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these Simple Earn Terms and seek independent professional advice as to whether Simple Earn Services are appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance.
8. By accepting these Simple Earn Terms, you hereby unconditionally and irrevocably; (a) confirm that you understand, accept and assume full responsibility for participating in Simple Earn together with any and all associated risks with your subscription to a Simple Earn Offer, including without limitation the risks described in the risk factor statement, (b) explicitly consent to, and grant Coincall Group Entities all necessary rights for, Coincall Group Entities using your Simple Earn Assets as described in these Simple Earn Terms and any associated risks, and (c) have carefully assessed whether, and determined that, Simple Earn Services are appropriate for you.

C. Disclosure and Consent

1. By Subscribing to a Simple Earn Offer you can earn Simple Earn Rewards, in exchange for providing Coincall with your Simple Earn Assets. Simple Earn Rewards are not guaranteed or fixed, and the rates and timing of Simple Earn Rewards may vary.
2. Simple Earn Assets used to Subscribe for a Simple Earn Offer will not be segregated from the Digital Assets of others. Simple Earn Assets may be commingled in hot wallets and cold wallets with Digital Assets belonging to Coincall and clients of Coincall. You will not have a right to recover any specific Digital Assets but please see Section F “Redemption from Flexible Simple Earn” and Section I “Redemption from Locked Simple Earn” below.
3. Simple Earn Assets may, at Coincall’s sole discretion and without prior notice, be used for operating purposes by Coincall including, but not limited to, loans to other clients of Coincall and Coincall Affiliates globally under Margin and Loan products. In addition, Simple Earn Assets that are Subscribed to Locked Simple Earn may also be used by Coincall Group of Entities in on-chain staking activities in a tightly controlled manner. Any use of Simple Earn Assets for operating purposes will be subject to stringent policies and explicit limitations as to how Simple Earn Assets are deployed.
4. Your Simple Earn Assets can be redeemed in accordance with the terms of the Simple Earn Offer that you have Subscribed to and Coincall will return your redeemed Simple Earn Assets in full, in the same quantity and type of Digital Asset with which you Subscribed. However, the use of Simple Earn Assets for operating purposes (including for loans under Margin and Loan products and for on-chain staking activities) may be subject to various risks. In exceptional circumstances these risks could negatively impact the ability of Coincall to return your Simple Earn Assets in full or at all.
5. Please refer to the risk factor statement for a summary overview of some (but not all) of the risks that may result from subscribing Digital Assets to a Simple Earn Offer, including risks that may arise from the use of your Simple Earn Assets by Coincall for operating purposes.
6. Although Coincall takes all reasonable precautions to minimise the risks described in the risk factor statement and to safeguard the return of Simple Earn Assets to users in accordance with these Simple Earn Terms, in extreme and exceptional circumstances Coincall may not have sufficient assets readily available to return Simple Earn Assets to users in a timely manner. This could result in you losing some or all of your Simple Earn Assets. These exceptional circumstances could arise, for example, following a catastrophic hack or technical failure, a significant number of borrowers to whom loans have been made under Margin and Loan products defaulting at the same time, depletion of the Margin insurance fund, systemic risk or other black swan events that affect the cryptocurrency market as a whole.
7. No Coincall makes any representation or warranty that Simple Earn is appropriate (a) for any user or in any location, or (b) that the transactions and services described in these Simple Earn Terms are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these Simple Earn Terms and seek independent professional advice as to whether Simple Earn Services are appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance.
8. By accepting these Simple Earn Terms, you hereby unconditionally and irrevocably; (a) confirm that you understand, accept and assume full responsibility for participating in Simple Earn together with any and all associated risks with your subscription to a Simple Earn Offer, including without limitation the risks described in the risk factor statement, (b) explicitly consent to, and grant Coincall all necessary rights for, Coincall using your Simple Earn Assets as described in these Simple Earn Terms and any associated risks, and (c) have carefully assessed whether, and determined that, Simple Earn Services are appropriate for you.

D. How to participate in Simple Earn

1. When you provide Digital Assets to Coincall for the purposes of Simple Earn, you will be prompted to agree to and confirm some or all of the following terms on the Platform:

a. the type of Digital Assets that you will use to Subscribe;

b. the amount of the designated Digital Assets that you will use to Subscribe;

c. the Simple Earn Rewards Rate applicable at the time of Subscription, which is subject to change at a future date in accordance with these Simple Earn Terms;

d. whether the Simple Earn Offer is Flexible Simple Earn or Locked Simple Earn; and

e. if you subscribe to Locked Simple Earn, the Locked Simple Earn Term and the Locked Distribution Frequency.

2. Upon your Subscription to a Simple Earn Offer your assets will be treated as received by Coincall, provided that Coincall reserves the right, at any time and from time to time in its sole discretion and without prior notice, to:

a. reject or remove any Digital Asset or Simple Earn Assets from the program;

b. specify a minimum or maximum amount of Simple Earn Assets that are required to Subscribe to a Simple Earn Offer;

c. specify, introduce, alter or revoke Subscription Limits that may apply from time to time;

d. mandatorily redeem or otherwise return all or some Simple Earn Assets of any user.

E. Flexible Simple Earn

Digital Assets that are Subscribed to Flexible Simple Earn can be redeemed at any time. Simple Earn Rewards for Flexible Simple Earn comprise Real-Time Rewards (where applicable).

“Real-Time Rewards” are Simple Earn Rewards that:

a. start accruing at the Real-Time Rewards Rate from the minute you Subscribe;

b. will be distributed to your Simple Earn Account the minute after they accrue;

c. are calculated every minute in respect of the relevant Simple Earn Assets in your Simple Earn Account on a compounding basis;

d. are distributed in the form of the Digital Asset with which you have Subscribed, unless the relevant Simple Earn Offer expressly states otherwise; and

e. are rounded down to a number of decimal places determined by Coincall in its sole discretion, which may vary for different Digital Assets.ou Subscribe for the relevant Flexible Simple Earn Offer;

f. Returns 

Start accumulating at UTC 04:00 the day after subscription, and it will be distributed to your financial wallet at UTC 04:00 the day after interest accrual begins (two days after subscription). Interest will be automatically reinvested.

Are distributed in the form of the Digital Asset with which you Subscribed, unless the relevant Simple Earn Offer expressly states otherwise; and

are rounded down to a number of decimal places determined by Coincall in its sole discretion, which may vary for different Digital Assets.

F. Redemption from Flexible Simple Earn

1. Redemption of Simple Earn Assets from Flexible Simple Earn can be requested at any time. Your Simple Earn Assets will be returned to your Spot Account immediately upon Redemption request and you will continue to accrue and be distributed Real-Time Rewards in respect of the Redeemed Simple Earn Assets until they are returned to your Spot Account. If you Redeem only a portion of your Simple Earn Assets, the Simple Earn Assets that you do not Redeem will continue to earn Real-Time Rewards.
2. Bonus Tiered Rewards will not accrue or be distributed to your Spot Account for the redeemed assets in respect of the day on which you elect to Redeem your Simple Earn Assets from Flexible Simple Earn. If you Redeem only part of your Simple Earn Assets, you will not earn Bonus Tiered Rewards for the Redemption day in respect of the portion of assets Redeemed, but you will continue to earn Bonus Tiered Rewards in respect of the assets that are not Redeemed.
3. The return to your Spot Account of Simple Earn Assets that you have Redeemed from Flexible Simple Earn may be delayed in exceptional circumstances, which may include without limitation, extreme market volatility, network outages and delays, validator or protocol failure, a significant number of simultaneous instructions to Redeem from other Coincall users, or other unanticipated events. Please refer to the risk factor statement for more information about some (but not all) of the risks that may be associated with participating in Simple Earn.
4. Coincall may at its discretion specify a minimum and maximum amount of Simple Earn Assets that are available for Redemption from Flexible Simple Earn each day. Coincall may also at its discretion vary the minimum and maximum amount from time to time without prior notice to you.

G. Changes to Simple Earn Rewards Rate

1. The Simple Earn Rewards Rate for Locked Simple Earn Offers and Flexible Simple Earn Offers may fluctuate from time to time, including during a Locked Simple Earn Term. Coincall does not in any way represent or guarantee that the Simple Earn Rewards Rate applicable at the time you Subscribe for a Simple Earn Offer or anytime thereafter will remain constant, whether during the Locked Simple Earn Term or otherwise. The applicable Simple Earn Rewards Rate may fluctuate up or down from time to time. You hereby acknowledge and agree that any representation, whether express or implied, regarding the possible rewards associated with a Simple Earn Offer, applicable or otherwise shown at (or after) the time of Subscribing, Locked Auto-Subscribing or Flexible Auto-Subscribing to a Simple Earn Offer (i) is an estimate based on observations of available on-chain reward rates, general market rates, as well as special rates during promotion periods and is subject to significant risks and uncertainties , (ii) is not guaranteed in any way by any Coincall or indicative of future performance or rewards, (iii) is calculated based on the Simple Earn Rewards Rate, which may change from time to time in Coincall’s sole discretion and (iv) is not in any way a form of advice, solicitation or offering for Simple Earn and should not be interpreted as such.
2. Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. YOU MUST REFER TO THE Coincall WEBSITE REGULARLY. NO Coincall WILL HAVE ANY LIABILITY WHATSOEVER FOR ANY LOSSES ARISING FROM, OR CONNECTED WITH, CHANGES TO THE SIMPLE EARN REWARDS RATE, WHETHER OR NOT YOU WERE AWARE OF THOSE CHANGES.

H. Reporting and Valuation

1. You can access reports on your Simple Earn Assets and Simple Earn Rewards on the Platform at any time. You will be able to see and download reports showing the amount and value of your Simple Earn Assets, as well as any subscriptions, Redemptions and distributions of Simple Earn Rewards. The valuation of your Simple Earn Assets displayed on the Platform is based on the current spot price on the Platform.

I. Disputes, Governing Law, Jurisdiction and Arbitration

1. For the avoidance of doubt, the clauses relating to Complaints, Notice of claim, Agreement to arbitrate; Governing law; and Class action waiver of the Terms of Use shall apply to any disputes or claims relating to, arising out of or in connection with these Simple Earn Terms, including your assent to these Simple Earn Terms.