Terms of Use

LAST UPDATED 24TH MAY 2023

Introduction These Jeroid Terms of Use is entered into between you (referred to as “you” or “your”) and Jeroid operators (as defined below). By accessing, downloading, using or clicking on “I agree” to accept any Jeroid Services (as defined below) provided by Jeroid (as defined below), you agree that you have read, understood and accepted all of the terms and conditions stipulated in these Terms of Use (referred to as “these Terms”) as well as our Privacy Policy. In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features. Please read the terms carefully as they govern your use of Jeroid Services. THESE TERMS CONTAIN IMPORTANT PROVISIONS INCLUDING AN ARBITRATION PROVISION THAT REQUIRES ALL CLAIMS TO BE RESOLVED BY WAY OF LEGALLY BINDING ARBITRATION.

The terms of the arbitration provision are set forth in Article 9, “Resolving Disputes: Forum, Arbitration, Class Action Waiver”, hereunder. As with any asset, the values of Digital Currencies (as defined below) may fluctuate significantly and there is a substantial risk of economic losses when purchasing, selling, holding or investing in Digital Currencies and their derivatives. BY MAKING USE OF JEROID SERVICES, YOU ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF JEROID SERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3) JEROID SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES. By accessing, using or attempting to use Jeroid Services in any capacity, you acknowledge that you accept and agree to be bound by these Terms. If you do not agree, do not access Jeroid or utilize Jeroid services.

Definition
  • Jeroid refers to an ecosystem comprising Jeroid websites (whose domain names include but are not limited to https://www.jeroid.com.ng/), mobile applications and other applications that are developed to offer Jeroid Services.
  • Jeroid Operators refer to all parties that run Jeroid, including but not limited to legal persons, unincorporated organizations and teams that provide Jeroid Services and are responsible for such services. For convenience, unless otherwise stated, references to “Jeroid” and “we” in these Terms specifically mean Jeroid Operators.UNDER THESE TERMS, JEROID OPERATORS MAY CHANGE AS JEROID’S BUSINESS ADJUSTS/GROWS, IN WHICH CASE, THE CHANGED OPERATORS SHALL PERFORM THEIR OBLIGATIONS UNDER THESE TERMS WITH YOU AND PROVIDE SERVICES TO YOU, AND SUCH CHANGE DOES NOT AFFECT YOUR RIGHTS AND INTERESTS UNDER THESE TERMS. ADDITIONALLY, THE SCOPE OF JEROID OPERATORS MAY BE EXPANDED DUE TO THE PROVISION OF NEW JEROID SERVICES, IN WHICH CASE, IF YOU CONTINUE TO USE JEROID SERVICES, IT IS DEEMED THAT YOU HAVE AGREED TO JOINTLY EXECUTE THESE TERMS WITH THE NEWLY ADDED JEROID OPERATORS. IN CASE OF A DISPUTE, YOU SHALL DETERMINE THE ENTITIES BY WHICH THESE TERMS ARE PERFORMED WITH YOU AND THE COUNTERPARTIES OF THE DISPUTE, DEPENDING ON THE SPECIFIC SERVICES YOU USE AND THE PARTICULAR ACTIONS THAT AFFECT YOUR RIGHTS OR INTERESTS.
  • Jeroid Services refer to various services provided to you by Jeroid that are based on Internet and/or blockchain technologies and offered via Jeroid websites, mobile applications, and other forms (including new ones enabled by future technological development). Jeroid Services include but are not limited to such Jeroid ecosystem components as Digital Asset Trading Platforms, … Trading of Giftcards, international Shipping and Delivery Services to be provided by Jeroid.
  • Jeroid Platform Rules refer to all rules, interpretations, announcements, statements, letters of consent and other contents that have been and will be subsequently released by Jeroid, as well as all regulations, implementation rules, product process descriptions, and announcements published in the Help Center or within products or service processes.
  • Users refer to all individuals, institutions or organizations that access, download or use Jeroid or Jeroid Services and who meet the criteria and conditions stipulated by Jeroid. If there exist other agreements for such entities as developers, distributors, market makers, and Digital Currencies exchanges, such agreements shall be followed
  • Digital Currencies refer to encrypted or digital tokens or cryptocurrencies with a certain value that are based on blockchain and cryptography technologies and are issued and managed in a decentralized form.
  • Jeroid Accounts refer to the foundational virtual accounts, including main accounts and subaccounts, which are opened by Jeroid for Users to record on Jeroid their usage of Jeroid Services, transactions, asset changes and basic information. Jeroid Accounts serve as the basis for Users to enjoy and exercise their rights on Jeroid.
  • Crypto-to-crypto Trading refers to spot transactions in which one digital currency is exchanged for another digital currency.
  • General Provisions
  • About These Terms
  • Contractual Relationship

    • These Terms constitute a legal agreement and create a binding contract between you and Jeroid Operators.

  • Supplementary Terms

    • Supplementary Terms Due to the rapid development of Digital Currencies and Jeroid, these Terms between you and Jeroid Operators do not enumerate or cover all rights and obligations of each party, and do not guarantee full alignment with needs arising from future development. Therefore,THE PRIVACY POLICY, JEROID PLATFORM RULES, AND ALL OTHER AGREEMENTS ENTERED INTO SEPARATELY BETWEEN YOU AND JEROID ARE DEEMED SUPPLEMENTARY TERMS THAT ARE AN INTEGRAL PART OF THESE TERMS AND SHALL HAVE THE SAME LEGAL EFFECT. YOUR USE OF JEROID SERVICES IS DEEMED YOUR ACCEPTANCE OF THE ABOVE SUPPLEMENTARY TERMS.

  • Changes to These Terms

    • Jeroid reserves the right to change or modify these Terms in its discretion at any time. Jeroid will notify such changes by updating the terms on its website and modifying the [Last revised] date displayed on this page. ANY AND ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF JEROID SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST STOP USING JEROID SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO FREQUENTLY REVIEW THESE TERMS TO ENSURE YOUR UNDERSTANDING OF THE TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF JEROID SERVICES.

  • Prohibition of Use

    • Prohibition of Use BY ACCESSING AND USING JEROID SERVICES, YOU REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE ECONOMIC AND FINANCIAL CRIME COMMISSION SANCTIONS LIST), JEROID RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF JEROID SERVICES IN CERTAIN COUNTRIES OR REGIONS.

About Jeroid As an important part of the Jeroid Ecosystem, Jeroid mainly serves as a global online platform for Digital Assets trading, and provides Users with a trading platform, trading of giftcards, International Shipping and Delivery and other related services. As further detailed in Article 3 below, Users must register and open an account with Jeroid, and deposit Digital Assets into their account prior to trading. Users may, subject to the restrictions set forth in these Terms, apply for the withdrawal of Digital Assets. Although Jeroid has been committed to maintaining the accuracy of the information provided through Jeroid Services, Jeroid cannot and does not guarantee its accuracy, applicability, reliability, integrity, performance or appropriateness, nor shall Jeroid be liable for any loss or damage that may be caused directly or indirectly by your use of these contents. The information about Jeroid Services may change without notice, and the main purpose of providing such information is to help Users make independent decisions. Jeroid does not provide investment or consulting advice of any kind, and is not responsible for the use or interpretation of information on Jeroid or any other communication medium. All Users of Jeroid Services must understand the risks involved in Digital Assets trading, and are recommended to exercise prudence and trade responsibly within their own capabilities.

Registration & Requirements Registration All Users must apply for a Jeroid Account at https://www.jeroid.com.ng/ before using Jeroid Services. When you register a Jeroid Account, you must provide your real name, email address and password, and accept these Terms, the Privacy Policy, and other Jeroid Platform Rules. Jeroid may refuse, in its discretion, to open a Jeroid Account for you. You agree to provide complete and accurate information when opening a Jeroid Account and agree to timely update any information you provide to Jeroid to maintain the integrity and accuracy of the information. Only one User can be registered at a time, but each individual User (including any User that is a business or legal entity) may maintain only one main account at any given time. Institutional Users (including Users that are businesses and other legal entities) can open one or more subaccounts under the main account with the consent of Jeroid. For certain Jeroid Services, you may be required to set up a special account independent from your Jeroid Account, based on the provisions of these Terms or the Supplementary Terms. The registration, use, protection and management of such trading accounts are equally governed by the provisions of this article and article 6, unless otherwise stated in these Terms or the Supplementary Terms.

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