PURPOSE
INSERT COIN SAGL is a company registered with the Commercial Register of Canton of
Ticino, in Switzerland (CHE-187.955.806), with registered office in the municipality of
Manno. The contractual relationship between the user (you) and the company INSERT
COIN SAGL includes:
- These GENERAL CONDITIONS AND TERMS OF USE (CGTU)
- GENERAL RENTAL CONDITIONS (CGA)
- The PRICE INDEX (IDP)
- all information submitted in conjunction with the RENTAL AGREEMENT (CA)
document or the INDIVIDUAL AGREEMENTS (CI), which apply as follows, in order
of priority: (i) CGTU, (ii) CGA, (iii) IDP, (iv) CA/CI.
DESCRIPTION OF THE SERVICE
INSERT COIN SAGL makes available to the user INSET-COIN.IO, a service to access
information on cryptocurrency mining and to offer the possibility of renting computing
power used to mine cryptocurrencies. Before signing an agreement, you must create your
own account using your personal data, accept these General Rental Conditions, accept
the General Terms and Conditions of Use, accept the Price Index disclaimer and make
payment in due time.
Receipt of payments: The user (you) agrees to share an address for receiving their
cryptocurrency payments, stating that they are the sole holder. The accuracy of the
address (or public key), its updating and the securing of private keys are the responsibility
of the user (you).
Frequency of payments: INSERT COIN SAGL transmits mined profits to its users daily.
Daily payments are only possible for amounts greater than 0.05 ZEC. Rental Agreements
whose daily production of ZEC does not reach 0.05 ZEC, will receive payment only upon
reaching the minimum daily payment amount. INSERT COIN SAGL prohibits the use of
cryptocurrencies for illicit or illegal purposes. Nevertheless, the latter shall not be liable for
user's potential use of cryptocurrencies produced through the mining service.
PRICES AND CONDITIONS
Price: The price of the service is linked to the Swiss Franc CHF.
Payment: It is possible to pay for the service by bank transfer in Swiss Francs CHF,
Euro EUR (SEPA) or American Dollars USD, through PayPal or in cryptocurrencies (BTC, ETH, ZEC). The
reference price is expressed in Swiss Francs CHF, any other price indicated in a different
currency is to be considered converted at the current exchange rate.
Guarantee on revenue: The mining contract is to be considered unlimited till the total mined does not correspond to at least the guaranteed profit. The guaranteed profit is expressed exclusively in Swiss Francs (CHF).
The guaranteed return on contracts with a duration of 1 year is 4.2% of the total cost. For contracts with a duration of 2 years the guaranteed profit is 8.4% and for contracts with a 3-year duration is 12.6%.
ASIC PROTECTION - ACTIVE - 70%
Currently, prices for Sol/s are lowered by 70% and a hashrate compensation is paid to all active subscriptions in relation to the percentage discount. This clause is active as long as it is possible to mine with ASIC on the ZCash network, so temporary .
The ZCash network will be monitored daily and the percentage will be updated with a 7 days notice (on the web pages and by email to users).
Promotions: Promotions and offers of a limited term
and availability may be carried out. The use of promotional codes (COUPON) has limited
validity and may be subject to the user's identity.
DURATION, ACTIVATION, BONUS TIME AND CANCELLATION
Duration: Rental Agreements are available for a period of one year, two years, or three
years. Each agreement year is equivalent to 365 days and 6 hours of ACTIVE service.
Agreement activation time: The time that elapses from the time the service is paid, and
when it is activated, varies and may depend on factors independent of the will of INSERT
COIN SAGL to provide the best service in the shortest possible time. If conditions arise for
which the activation of the service should not be immediate, the agreement will be
considered valid but INACTIVE, becoming ACTIVE solely when an operating machine is
assigned. The activation date is to be considered the beginning of the ACTIVE agreement.
BONUS TIME counting and recovery: During the lifetime of the equipment used, it is
necessary to have a time of deactivation of the equipment to allow for upgrades,
maintenance or logistics activities. Such deactivation time is called BONUS TIME and is
counted in minutes for each individual machine. All the BONUS TIME accumulated during
the performance of each Rental Agreement is counted and returned to the holder of the
Agreement at the end of the agreed term.
Cancellation: INSERT COIN SAGL may at any time make
INACTIVE or cancel a Rental Agreement or Individual Agreement, informing the user (you)
and proceeding with a partial or full refund, both for contractual reasons and for reasons of
force majeure.
Renewal of the agreement: The renewal of the agreement is not automatic. It is not
possible to renew a Rental Agreement once its term is over, but rather, it is possible to
create a new one at any time.
USER DATA
INSERT COIN SAGL processes all of your personal data for the purpose of providing the
Services, for the administration and management of the Agreements, for invoicing, and in
accordance with the provisions of the Federal Financial Market Supervisory Authority
(FINMA). INSERT COIN SAGL may request an update and/or the compilation of personal
data required for the provision of the Services and Agreements, at any time. INSERT
COIN SAGL deliberately chooses to inform the customer that the data collected shall not be
used, transferred, or sold to third parties in Switzerland or abroad for advertising or for
profitable purposes.
Each user is responsible for the truthfulness of the personal information provided at the
time of registration, or at a later time. The creation and management of accounts on
INSERT-COIN.io with the personal data of others, without legal authorization, is prohibited.
CHANGES AND TRANSFERABILITY
Changes: INSERT COIN SAGL may change its services or any part thereof, the GTCC, the
CGA, the IDP and any other information submitted jointly with an individual Agreement
stipulated, at any time. The user (you) will be duly notified in advance through the contact
methods provided at the time of the registration, or in any subsequent update of personal
data, giving priority to e-mail as a method of communication.
Transferability: Each account is personal and cannot, therefore, be sold, transferred or
exchanged in any manner.
LIMITATION OF LIABILITY
Each user is responsible for the truthfulness of the information provided, the authenticity of
the data requested, representing himself/herself or a third party within legal terms, and
warrants to be the owner of the funds and the means of payment used to make payments
related to the Services and/or Agreements. INSERT COIN SAGL reserves the right to
request confirmation of the personal data provided and the means of payment. The non-
compliant use of the service is punishable by suspending and/or deactivating the account.
INSERT COIN SAGL is not liable for user's potential use of mined cryptocurrencies.