General Terms of

Use of Jugl Marketing Limited in relation to JuglCoins

 Preamble

These terms and conditions apply to contracts of Jugl Marketing Limited regarding the acquisition of JuglCoins. Jugl Marketing Limited is referred to in these Terms and Conditions as juglcoin.com with respect to the contracts regarding JuglCoins regulated herein.

1 General, about juglcoin.com

You can purchase JuglCoins at juglcoin.com. Prerequisite is a membership at jugl.net. The purchase of JuglCoins can take place in 2 variants as follows:

  1. Free tradable JuglCoins

You can now purchase JuglToken at juglcoin.com. JuglTokens are sold at the exchange rate set by juglcoin.com. This course starts at 1:100 in the pre-sales phase, i.e. 100 tokens are issued for 0.01 €. During the pre-sale phase, the price drops to 1:1 (0.01 € = 1 JuglToken). juglcoin.com reserves the right to offer other courses. The relevant exchange rates are clearly stated before each purchase.

 

The JuglTokens cannot be traded during the pre-sale phase. After the pre-sale phase the tokens are automatically converted into JuglCoins. The JuglCoins are shown in the JuglCoin account and can be freely traded at the end of the pre-sale phase. You are then no longer bound to any currency The pre-sale phase ends on March 31, 2019.

  1. Fixed term

Alternatively to the freely tradable variant A, the JuglTokens can also be purchased with a fixed term. You agree to keep the JuglTokens for a specified period (1-3 years, depending on the agreement). JuglTokens cannot be traded during this fixed period. After expiry of the agreed fixed term, juglcoin.com guarantees the return of the amount in € that you have invested to purchase the JuglTokens (return guarantee). You can decide until the end of the term whether you want to return the JuglTokens under these conditions or have them converted into JuglCoins. In addition to the take-back guarantee, juglcoin.com rewards you with daily bonus credits. Bonus credits are only credited to JuglCoins and, unlike JuglTokens, can be traded or used immediately.  juglcoin.com also agrees to accept these JuglCoins at the guaranteed exchange rate of 1:1 (0.01 € = 1 JuglToken).

If you do not decide on JuglTokens within the fixed term, the term will be extended indefinitely. juglcoin.com may, however, terminate the term at any time by giving four weeks’ notice. In this case, you have the option described above (withdrawal guarantee or conversion to JuglCoins) during this period of notice. If you do not make a selection within this period, juglcoin.com will decide.

2 Conditions for use

juglcoin.com can be used by individuals and companies. The minimum age for the use of the services for natural persons is 18 years of age.

Membership of juglcoin.com is free and without obligation. juglcoin.com does not require a paid subscription.

You can use juglcoin.com after registering at www.juglcoin.com. Use requires an Internet connection.

3 Registration

juglcoin.com is operated by Jugl Marketing Limited, 3 ½ Miles Philip S.W. Goldson Highway, Belize City, Belize.

juglcoin.com checks the registration and is entitled to reject it at any time without giving reasons.

For legal reasons, the correctness of the e-mail addresses provided must be checked using a double opt-in procedure. This is done in such a way that the user receives an e-mail with a link to confirm receipt of the e-mail after registration. This ensures that the specified e-mail address actually comes from the user. Only after this confirmation can the registration be completed.

Upon confirmation of registration, the user account has been created and the applicant has been accepted as a user of juglcoin.com.

The user undertakes to update changes to his data in his user account without delay.

juglcoin.com strictly prohibits registration using one or more false data (hereinafter: fake user accounts). Multiple registrations are also prohibited, only one user account/account may exist per person.

As it is very important for juglcoin.com to function that no fake user accounts and multiple accounts exist, the ban on creating fake user accounts and multiple accounts is secured by a contractual penalty as follows:

A user who culpably logs on to juglcoin.com under one or more false dates or under correct data logs on more than one account agrees to pay juglcoin.com a contractual penalty, the amount of which may be imposed at juglcoin.com’s discretion and verified by a competent court for reasonableness, but not less than €500.00. This amount shall be reduced by any damages paid to juglcoin.com for conduct subject to a contractual penalty.

juglcoin.com may also, at its sole discretion, require proof of identity in accordance with § 4 both when registering and for users who are already registered. In particular, juglcoin.com will request this proof if, based on its experience, there are indications that a fake user account has been created.

User accounts on juglcoin.com are personal and cannot be sold, transferred or inherited. However, if a user dies, his account is inherited by his heirs.

4 Proof of identity

Proof of identity can be provided by means of post-identification procedures, attorney or notary certification or free of charge by means of image documentation. In the picture documentation, juglcoin.com checks the identity by means of a photo sent by e-mail or uploaded to the user account, on which the user copies his identity card or passport and a note with his name in block letters and signature. The identification document and the signature must be shown in such a way that they are clearly legible on the photo and the photo of the identification card can be compared with the user.

In the case of proof of identity requested by juglcoin.com, the User’s account may be temporarily suspended. If the user fails to provide proof of identity within 8 weeks of juglcoin.com’s request, Juglcoin.com may immediately terminate the contract with the user. This does not apply if the user was prevented from meeting the deadline through no fault of his own.

If the user account is changed, the effect of the proof of identity expires.

5 Termination by User

Users may terminate their juglcoin.com account at any time with immediate effect without giving reasons. Cancellation can only be made in writing by letter (scanned by e-mail is also possible).

For accounts deleted earlier than 6 weeks after registration, juglcoin.com may, at its sole discretion, reverse the bonus payment and all bonus payments triggered via the account.

The user’s data will be deleted in the event of termination, unless it has to be stored for legal, in particular tax reasons, otherwise it will be blocked.

6 Trade/Disbursement

Apart from the repayment guarantee regulated in § 1 B, we are not obliged to accept/exchange JuglCoins. JuglCoins trades solely through the juglcoin.com trading platform.

Smallest amounts below 0.01 JuglCoins will not be displayed on the user’s account for display reasons, but will nevertheless be credited. Contributions that fall below 0.00001 JuglCoins will no longer be credited.

With the repayment guarantee (§ 1 B), only the account of the user is transferred. juglcoin.com reserves the right to provide proof of identity. Payment is made within 30 working days after request, in case of proof of identity with provision of this proof.

If a user is suspected of having created one or more fake accounts in addition to their user account, juglcoin.com may also withhold payment of their account until the identity of the user accounts to be verified has been verified.

If the account balance of a user account is incorrectly displayed due to a technical error or is altered by technical manipulation, juglcoin.com may reset it.

7 Responsibility and liability of juglcoin.com

We expressly point out that the acquisition of JuglTokens, later JuglCoins, which are subject to free trade, can in the worst case also lead to a total loss of the invested money.

Regardless of this, the statutory liability regulations apply with the following modifications:

Claims for damages against juglcoin.com for whatever legal reason are excluded.

This shall not apply if an obligation the performance of which is essential for the proper performance of the contract and on whose compliance the other contracting party may regularly rely (cardinal obligation) has been violated or if juglcoin.com or a legal representative or vicarious agent is guilty of intent or gross negligence. The exclusion of liability shall also not apply in the event of culpable injury to life, body or health or in the event of the assumption of a guarantee or assurance of characteristics, insofar as the object of the guarantee or assurance triggers the liability.

In the event of liability in the event of a breach of obligations, the fulfilment of which is essential for the proper performance of the contract and on whose compliance the contractual partner may regularly rely (cardinal obligation), compensation for damages is not excluded, but limited to contract-typical, foreseeable damage.

The limitation of liability shall also not apply to claims arising from the Product Liability Act. A guarantee or assurance in the sense of an increase in liability or assumption of a special liability obligation shall only be deemed given if the terms “guarantee” or “assurance” are expressly mentioned.

juglcoin.com points out that, given the current state of technology, there is no absolute protection against hacker attacks. Furthermore, juglcoin.com points out that 100% availability of juglcoin.com is technically impossible at all times. In particular, maintenance, security and capacity reasons, as well as events outside juglcoin.com’s control, may lead to temporary disruptions. Of course, juglcoin.com uses a backup system for the largest possible backup.

8 Termination by juglcoin.com

juglcoin.com reserves the right to give immediate extraordinary notice of termination with immediate effect and to issue an immediate ban on the use of the juglcoin.com website if juglcoin.com cannot reasonably be expected to continue the contractual relationship until the agreed termination or the expiry of a notice period, taking into account all circumstances of the individual case and taking into account the interests of both parties. This is particularly, but not conclusively, the case when users

  • lose their legal capacity and do not immediately provide a declaration of consent from their legal representative;
  • collect or pass on data illegally or abusively;
  • make false statements;
  • Pass on login data for your user account to third parties;
  • making fictitious purchases or laundering money;
  • Register fake accounts or multiple accounts.

In these cases, all billing and payment claims of the user expire.

In addition, juglcoin.com may terminate the contract at any time by giving one month’s notice.

9 Data protection / Newsletter

juglcoin.com uses the data of the parties only to the extent necessary for the business purpose. A passing on of data to uninvolved third parties does not take place.

The parties hereby undertake to use all data received only to the extent necessary for the business purpose and not to pass them on to third parties without the express consent of the other party.

The user expressly agrees that his account-relevant data may be transmitted to a payment service provider processing payment transactions on behalf of juglcoin.com.

juglcoin.com sends newsletters to registered users. The user can unsubscribe from this newsletter at any time.

10 Final clauses

The validity of the provisions shall not be affected by any invalidity of individual provisions of these General Terms and Conditions.

If both parties to the dispute are merchants, the respective headquarters of juglcoin.com at the time of the conclusion of the contract shall be agreed as the place of jurisdiction.