Policies

Effective Date: 05.12.2024

Public Offer to Conclude an Agreement to Buy/Sell a Virtual Asset

This document is a public offer by UAB “Cvetpay” ("Seller") to engage in the buying and selling of virtual assets. By accepting this offer, any individual or legal entity ("Buyer") enters into a legally binding agreement. This offer is published at: https://Cvetpay.com/. Acceptance occurs when the Buyer makes payment for the virtual asset as per the terms outlined in this document.

Definitions

- **Virtual Asset**: A digital representation of value recorded on a blockchain network. - **Transaction**: The act of transferring virtual assets between blockchain addresses, represented by a unique transaction ID (txid). - **Blockchain**: A distributed ledger technology used to record transactions. - **Txid**: A unique identifier for each blockchain transaction, serving as proof of transfer.

Subject of the Contract

The Seller agrees to transfer a specified amount of a virtual asset to the blockchain address provided by the Buyer. The Buyer agrees to pay the price of the virtual asset as listed in the offer. The transaction is confirmed via a unique txid, which serves as proof of the asset transfer.

Price of a Virtual Asset

The price per unit of each virtual asset is listed in the offer and is subject to market volatility. Prices are fixed for a specific time frame, during which the Buyer must complete the transaction. If the time frame expires, the terms of the offer are subject to change.

User Acceptance

By making a payment or initiating a transaction, the Buyer confirms acceptance of this offer and its terms. No separate written agreement is required, as acceptance is indicated by the Buyer's actions.

Limitation of Liability

The Seller is not liable for: - Fluctuations in the value of virtual assets due to market conditions. - Delays or failures in transactions caused by blockchain network congestion or technical issues. - Loss of access to virtual assets resulting from the Buyer's negligence, including loss of private keys. The Buyer assumes all risks associated with the use of virtual assets, including potential loss of value or technical failures.

Accounts for the Transfer of Rights Under the Contract

The transfer of rights to the virtual asset is recorded on the blockchain and confirmed with a unique txid. This txid is shared with both the Buyer and Seller as proof of the transaction. Payment records are maintained by the financial institutions involved in the transaction.

Place of Conclusion of the Contract and Legal Regulation

The contract is considered concluded on the Seller’s trading platform, located at https://Cvetpay.com/. The agreement is governed by the laws of Lithuania. Any disputes arising from this contract will be resolved under Lithuanian jurisdiction.