Steaker Online Purchase Project Terms of Agreement

The contracting party uses Steaker to apply for the online purchase project. To ensure your rights, please read the terms and conditions of the Agreement in detail. When you tick the checkbox "I agree to be bound and abide by the terms and conditions of this Terms of Agreement with Steaker", it means that you agree to be bound and abide by the terms and conditions of this Agreement.

1.Terms

1."Products": It refers to the purchase options available to contracting party (Fixed-Rate project, Variable-Rate project, High-Rate project, DeFi Special project, Yield Farming project, Cream Farming project, Pure Quant project, TWDFI project, DeFi HODL project, Green Chia project and other projects Steaker provides on an irregular basis) on the receipt of the contracting party's selection of the project purchase to invest in cryptocurrency.
2."The current project purchase ": It refers to the product selected by the contracting party.
3."USDⓢ": It refers to the stable coin cryptocurrency reference to the value of US dollars and is also the unit of valuation for the products.
4. "Contract period ": It refers to the investment period selected by the contracting party.
ProductsContract period
Cream Farming project3 months
TWDFI project6 months
DeFi HODL project
Green Chia project
DeFi Special project
Yield Farming project
Pure Quant project
High Rate project
Variable-Rate project

3 years

1 year

6 months

3 months

Fixed-Rate project

7 days

1 month

3 months

Super Saving project (Limited time offer for Fixed-Rate project )1 month

(The above-mentioned products and the selectable contract period are for reference only. The exact contract period is based on the investment time the contracting party actually chooses.)

5. "The date of the initial implementation": It refers to the date of the initial implementation made by Steaker after handling the submission from the contracting party after selecting the project.
6. "Contracting party’s Steaker wallet”:It refers to the crypto wallet that Steaker provided after the contracting party registered.
7. "Contracting party’s E-mail address": It refers to the account of Steaker registered by the contracting party for this purchase project, i.e. E-mail address.
8. "The designated address ": It refers to the deposit account address of the contracting party's purchase project.
9. "Purchase date": It refers to the date when the contracting party submits the purchase project.
10. "The agreed amount of cryptocurrency": It refers to the cryptocurrency and the amount that the contracting party fills out for the purchase project.
11. "The currency types supported by Steaker": It refers to the USDⓢdesignated acceptable currency and other cryptocurrencies. The currency types and the minimum investment are as follows: USDT, USDC, and DAI.
12. "The designated deposit currency": It refers to the currency that the contracting party chooses to invest for the purchase project.
13. "The designated withdrawal currency": It refers to the currency that the contracting party chooses to redeem for the purchase project is limited only to the original designated currency.
14. "Redemption": It refers that Steaker will settle the amount of cryptocurrency deposited by the contracting party in this purchase project, together with interest, liquidated damages, incentive fees, redemption fees, management fee, and any other remunerations and fees stipulated in the terms of this Agreement, and deliver the designated redemption currency to the contracting party’s Steaker wallet.
15. "The fixed annualized rate of return": It refers to the fixed annualized rate of return on investment.
16. "Estimated annualized rate of return": It refers to the estimated annualized rate of return on investment which will be calculated per hour during the period of investment.
17. "Incentive fee": It refers to the contracting party ’s interest in the selection of products, the amount calculated according to a certain percentage agreed in the terms of this Agreement as a incentive fee.
18."Redemption fee": It refers to refers to a certain percentage of the total amount of the contracting party’s agreed amount of cryptocurrency and the interest in the selection of products minus the Incentive fee and management fee, calculated in accordance with the agreed the terms of this Agreement as a redemption fee.
19."Management fee": It refers to refers to a certain percentage of the total amount of the contracting party’s agreed amount in the selection of products, calculated in accordance with the agreed the terms of this Agreement as a management fee.

2. Contracting Party Obligation

1. The contracting party must provide the agreed amount of cryptocurrency to the Steaker Wallet for the purchase.
2.Upon the expiration of the contract period or early termination of the terms of this Agreement, the contracting party may request a cryptocurrency redemption via the online redemption function from Steaker.
3. The contracting party chooses USDⓢ to specify the accepted currency exchange rate as 1: 1, there is no need to pay the processing fee.
4. The contracting party does not need to pay incentive fee to Steaker if he chooses the Fixed-Rate project. The contracting party agrees to pay the interest as a incentive fee to Steaker according to the amount calculated according to the ratio in the chart below if he gets the interest generated from High-Rate project, Variable-Rate project, DeFi Special project, Cream Farming project , Green Chia project, TWDFI project, DeFi HODL project, and Yield Farming project. For the avoidance of doubt, if the investment suffers a loss without interest, the contracting party is not required to pay an incentive fee.
Project Title / Contract period3 years1 year6 months3 months
Variable-Rate project24%26%28%30%
High Rate project / DeFi Special project / DeFi Special project / Pure Quant project--30%-
Cream Farming project---30%
Green Chia project / TWDFI project / DeFi HODL project--10%-
5.The contracting party does not need to pay redemption fee to Steaker if he chooses the Fixed-Rate project. For Projects High-Rate project, Variable-Rate project, DeFi Special project, Cream Farming project, Pure Quant project, Yield Farming project, Green Chia project ,DeFi HODL project, and TWDFI project, the contracting party agrees to pay a certain percentage of the total amount of the contracting party ’s agreed amount of cryptocurrency and the interest in the selection of products minus the Incentive fee and management fee, which is calculated in accordance with the following table based on different tenures, as a redemption fee at the time of redemption.
Contract period3 years1 year6 months3 months
Ratio-0.15%0.2%0.3%
6.The contracting party does not need to pay management fee to Steaker if he chooses the High-Rate project, Variable-Rate project, DeFi Special project, Cream Farming project, Pure Quant project, Yield Farming project, and Fixed-Rate project. The contracting party agrees to pay 1% of the total amount of the contracting party ’s agreed amount of cryptocurrency to Steaker as a management fee from Green Chia project, DeFi HODL project, and TWDFI project.

3.Steaker Obligation

1.Steaker will invest the cryptocurrency within 1 business days (excluding holidays) after the purchase. The Cream Farming project, the DeFi Special project, the Yield Farming project, the Pure Quant project, the Green Chia project , the TWDFI project, and the High-Rate project, cryptocurrency will be launched according to Steaker’s website announcement time.
2.Upon the expiration of the contract period or early termination of the terms of this Agreement, the contracting party may request a cryptocurrency redemption from Steaker. Steaker will settle according to the amount of cryptocurrency invested by the contracting party in this purchase project, together with interest, liquidated damages, incentive fees, redemption fees, management fees and any other remuneration and fees agreed in the terms of this Agreement, and transfer to the contracting party’s Steaker wallet by the contracting party in the designated deposit currency. The withdrawal currency rate is calculated at 1: 1 in USDⓢ. Steaker must complete the redemption process within 1 business days (excluding holidays) after receiving the contracting party's request.
3.Except for the Fixed-Rate project, the TWDFI project, the Green Chia project, the DeFi HODL project, and the Pure Quant project, the incentive fee will be calculated according to the purchase project and contract period selected by the contracting party after the implementation of this purchase project. Steaker will automatically deduct the incentive fee from the balance after the hourly settlement. If there is a profit, the reward will be paid to the contracting party. If the contracting party chooses the TWDFI project, the Green Chia project, the DeFi HODL project, or the Pure Quant project from the products of Steaker, Steaker will automatically deduct the incentive fee from the balance after the time of redemption settlement. If there is a profit, the reward will be paid to the contracting party.
4.Steaker will provide a back-end account to the contracting party for checking the earnings of the purchase project.
5.If the contracting party chooses the Fixed-Rate project from the products, Steaker should pay the contracting party for the fixed annualized rate of return of 9.2%, 9.5%, and 9.8% according to the contract period: 7 days, 1 month, 3 months upon the expiration of the contract period. If the contracting party chooses the Super Saving project from the products, Steaker should pay the contracting party for the fixed annualized rate of return of 33% upon the expiration of the contract period. If the contracting party chooses the TWDFI project, the DeFi HODL project, the High-Rate project, the Variable-Rate project, the DeFi Special project, the Yield Farming project, the Cream Farming project, the Pure Quant project , the Green Chia project and other non-fixed rates of return products from the products, Steaker does not guarantee fixed the annualized rate of return. If the investment suffers losses and no interest is incurred, Steaker does not need to pay remuneration to the contracting party.
6.The stop-loss point of the Variable-Rate project is that the loss reaches the contracting party's amount of cryptocurrency deposits in this purchase project -1%. The stop-loss point of the Yield Farming project, and the Cream Farming project is that the loss reaches the contracting party's amount of cryptocurrency deposits in this purchase project -5%. The stop-loss point of the High-Rate project and the DeFi Special project is that the loss reaches the contracting party's amount of cryptocurrency deposits in this purchase project -15%. The stop-loss point of the Pure Quant project is that the loss reaches the contracting party's amount of cryptocurrency deposits in this purchase project -25%. The stop-loss point of the TWDFI project and the DeFi HODL project is that the loss reaches the contracting party's amount of cryptocurrency deposits in this purchase project -49%. On reaching the stop-loss point, Steaker will deduct other necessary fees and then stop the cryptocurrency investment.

4.Duty of Confidentiality

1.Under the awareness of the implementation of the terms of this Agreement and holding confidential oral, written or otherwise presented information or correspondence documents and/or related companies, (Including but not limited to the information and documents that Steaker and/or related companies of Steaker believe should be kept confidential) (hereinafter referred to as "Confidential Information"), the contracting party shall still be obliged to keep confidential during, upon, or after the termination of the contract period. Unless otherwise specified or with the prior written consent of Steaker, no third party (excluding representatives of Steaker, staff, professional consultants, and related companies and their representatives, staff, professional consultants who need to know), regardless of whether it is an individual or company or any other organization, in any way to disclose or use the information for the benefit of yourself or others for any purpose outside the scope of the terms of this Agreement.
2.Except as otherwise agreed in the terms of this Agreement, the terms of this Agreement do not expressly or implicitly authorize or transfer any rights or benefits of any Confidential Information to the contracting party. Steaker or its affiliates (as the case may be) retain the ownership of Confidential Information and all other rights and interests.
3.If the contracting party requires the disclosure of Confidential Information due to statutory regulations, the contracting party shall notify Steaker in time before the disclosure, except for those prohibited by the statute, and the disclosure shall be limited to the extent required by the statute.

5.Warranty

1.If the contracting party fails to abide by the terms of this Agreement and causes damage to the other party, unless otherwise agreed in the terms of this Agreement, the breaching party shall be liable for damages for the losses suffered by Steaker and/or the affiliated enterprises of Steaker. The contracting party should assist in solving or eliminating the issues and take all the responsibility due to violating the terms of this Agreement to cause Steaker and/or the related company of Steaker to be claimed by a third party, file a notice or claim any legal rights (Including but not limited to damage caused by the third party's claim, filing or claiming any legal rights).In addition to the aforementioned liability for damages, the contracting party should also bear a punitive penalty of 30,000 USDⓢ for its breach of contract.
2.Both the contracting party and Steaker guarantee that they have the necessary qualifications, authority, or status to sign and fully perform their obligation under the terms of this Agreement and operate the business legally.
3.If the contracting party requests to terminate the terms of this Agreement in advance under the Variable-Rate project, the amount of cryptocurrency invested will be calculated in accordance with the ratio set out in the appendix. If the High-Rate project ,the DeFi Special project , the Cream Farming project, the Pure Quant project , the Yield Farming project, the TWDFI project, the DeFi HODL project, or the Green Chia project is selected, the liquidated damages will be calculated according to the 10% of the amount invested in the terminated purchase project. If the Fixed-Rate project is selected, the project's interests will be the liquidated damages. Within 1 business days after receiving the contracting party ’s request (excluding holidays), the amount of cryptocurrency after settlement will be transferred to the contracting party’s Steaker wallet according to the method stipulated in No. 2 in Item 3 after the deduction of liquidated damages and other necessary fees.
4.The contracting party realizes the purchase project cannot be exempt from risks and the cryptocurrency invested may suffer losses as a result. The contracting party declares and assures that before purchase any project provided, it shall be determined that they have fully understood the risks and characteristics of the products (including but not limited to the high fluctuation of cryptocurrency prices, which may fluctuate up and down due to market factors).

6.Termination of Contract and Effects

1.In the event of any of the following incidents by either party, the other party may terminate the terms of this Agreement by written or E-mail notice: (a) A moratorium of business in whole or in part, bankruptcy, reorganization or entering into liquidation or other similar procedures; (b) Due to force majeure or other unexpected events, or reasons not attributable to both parties, the terms of this Agreement cannot be performed. The above "force majeure" refers to objective events (including but not limited to natural disasters, social events, etc.) that cannot be foreseen, cannot be controlled and cannot be avoided, and have a significant impact on one or both parties; "Unexpected Incidents" refers to uncontrollable international network failures, Website hacking and other similar incidents; and (c) Violation or non-performance of the terms of this Agreement, causing the competent authority to invoke the relevant legislation to punish the other party twice in a row, or there is a risk of serious damage due to the infringement of rights claimed by a third party, and there is no improvement within three days after notification by the other party.
2.Upon the expiration of the contract period or early termination of the terms of this Agreement under any circumstances will not affect the rights and obligation of the contracting party and Steaker due to the terms of this Agreement, nor will it affect the exercise of any party's right to claim damages.
3.After the termination of the terms of this Agreement, the contracting party and Steaker shall settle and complete the settlement within thirty days after the termination of the terms of the Agreement if there are still outstanding items.

7.Disclaimer

Steaker takes no responsibility for the following situations:

1. The value of the products will vary depending on the cryptocurrency market conditions, including but not limited to the following situations: (a) Depreciation of the cryptocurrency; and (b) Cryptocurrencies are delisted or cease to operate.
2.Due to market force majeure factors in the cryptocurrency market, the products of Steaker have caused investment losses, including but not limited to the following situations: (a) The abnormal impact caused by the smart contract launched; (b) A moratorium, bankruptcy, reorganization or entering into liquidation of the relevant cryptocurrency exchange; and (c) The blockchain operation is abnormal or stopped. (for example: 51% attack, emergency hard fork, etc.)

8.Other Agreed Items

1. The terms of the Agreement (including appendix) are all agreed upon to purchase the products of Steaker. After signing, they will replace all the oral Agreements, suggestions, or records of the contracting party and Steaker before the Agreement is signed.
2.If any part of the terms of this Agreement is found to be invalid, it will not affect the effectiveness of other terms.
3. Without the written consent of Steaker, the contracting party shall not assign, give, or transfer all or part of the terms and conditions and the rights and obligations under this Agreement to a third party, nor shall it be appointed by a third party. If the contracting party has unauthorized transfer, assignment, or switch, the action shall not be against Steaker and Steaker has the right to claim the termination of this Agreement. Steaker does not need to bear any responsibility for termination, and the contracting party shall be liable for damages.
4.Matters not covered in the terms of this Agreement shall be signed in the accessory contract by both parties after further negotiation. The accessory contract shall have the same legal effect as the terms of this Agreement, and the accessory contract shall form part of the terms of this Agreement.

Appendix 1-Variable-Rate project, three-year period earlier termination form break in period.

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Appendix 2-Variable-Rate project, one-year period earlier termination form break in period.

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Appendix 3-Variable-Rate project, 6-month period earlier termination form break in period.

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Appendix 4-Variable-Rate project, 3-month period earlier termination form break in period.

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