ROLA TERMS AND CONDITIONS
Last update: July 2022
By accessing or using Rola (as defined below), you agree to be legally bound by theseTerms (as defined below). Please read this document carefully. If you do not agree with any of the provisions of these Terms, you should not use Rola.
1. GENERAL INFORMATION
1.1 These RolaTerms andConditions(the “Terms”) constitute a legally binding agreement between an individual user (the “User,”“you,” and “your”) accessingthe Platform (as defined below), the website available at www.rola.ai (“Website”), and the related services (collectively, “Rola”)andtheownerand operator of Rola, namely, Crystal Vision Developments Limited, a company incorporated under the laws of the British Virgin Islands, having its registered office at Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands (Company Registration No. (BVI) 1975930)(“we”, “us”, and “our”). These Terms (including any amendments thereto which may from time to time be made without notice or reference to you) outline the terms and conditions of your use of Rola.
1.2Definitions. In these Terms, unless the context otherwise requires:
“A.I.” refers to Rola’s artificial intelligence;
"Holder” refers to a holder of $ROLA and/or the ROLA NFT, as applicable;
"Intellectual Property Policy" refers to the Rola intellectual property policy accessible at [insert link];
“Platform” refers to the Rola.ai Application, which is an A.I. based social network application, owned and operated by us;
“$ROLA” refers to the token issued by us to the Users, on the Platform and the Website, for use on the Platform only, as further described in the TERMS AND CONDITIONS OF USE OF $ROLA, ROLA-COASTER, AND ROLA NFT;
“ROLA-COASTER” refers to the staking game feature of the Platform that allows Users to stake their $ROLA to their predictions of market outcomes for digital assets during a given time, as further described in the TERMS AND CONDITIONS OF USE OF $ROLA, ROLA-COASTER, AND ROLA NFT. Users who make correct predictions are rewarded from amongst the pool of $ROLA staked by all other Users at a given time;
“ROLA NFT” refers to the non-fungible tokens generated on the Platform, including but not limited to “ROLAGRAMS, as further described in the TERMS AND CONDITIONS OF USE OF $ROLA, ROLA-COASTER, AND ROLA NFT”; and “TERMS AND CONDITIONS OF USE OF $ROLA, ROLA-COASTER, AND ROLA NFT” refers to the terms and conditions for purchase and use of $ROLA, use of ROLA-COASTER, and purchase and use of ROLA NFT, accessible at. Words denoting the singular number shall include the plural number and vice versa and references to the masculine include the feminine and vice versa. The headings in these Terms are inserted for convenience only and shall be ignored in construing these Terms.
Words denoting the singular number shall include the plural number and vice versa and references to the masculine include the feminine and vice versa. The headings in these Terms are inserted for convenience only and shall be ignored in construing these Terms.
1.4License to use Rola. We grant you a worldwide, personal, revocable, non-exclusive, non-transferable, and limited license to use Rola pursuant to these Terms.
1.5 Disclaimer.The information provided on Rola is for general information only. It should not be taken as constituting professional advice from us or any User of Rola. We are not financial advisers and we do not provide financial or trading services. You should consider seeking independent legal, financial, taxation, or other advice to check how the information that you find on Rola relates to your unique circumstances.Rola does not guarantee compliance with the laws of any country. Always make sure that you comply with your local laws and regulations before you make any purchase.By purchasing the $ROLA and/or ROLA NFT(s), you agree that you are not purchasing a security or an investment and you agree to hold us harmless and not liable for any losses or taxes you may incur. You agree that by purchasing or exchanging $ROLA, and/or purchasing or using ROLA NFT(s), and/or using the ROLA-COASTER feature, you will not have any rights or claim whatsoever against us or any of our related entities. We shall not beliable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, onRola.Although we regularly monitor the information available on Rola, we cannot guarantee the accuracy, reliability, currency, relevance, and completeness of all information, whether provided by us or by third parties.
1.6Third-party links.Rola may contain links to websites, applications, and other online sources owned and operated by third parties. We are not responsible or liable in any manner for the content of such third-party links, information, and advertisements, as well as the security and privacy practices deployed by the operators of the third-party websites. Please exercise your due diligence before clicking on any of such third-party links or advertisements.
1.7Minors. Rola is not marketed and intended for use by persons under the age of 18.
1.9Competitions. Rola may facilitate casual games and competitions (the “Competitions”) organised by us or third parties where Users may win non-monetary prizes. Rola is notintended to be an online gambling service. The Competitions are subject to the rules applicable to each individual Competition and made available by us at the time the Competition is held. The said rules constitute an integral part of these Terms. We reserve the right, at our sole discretion, to amend or terminate the Competitions at any time.
2. USER ACCOUNT
2.2 Your representations and warranties. By registering your Account, you acknowledge, agree, represent, and warrant that:
- You will comply with these Terms and all applicable local, national, and foreign laws, treaties, and regulations in connection with your use of Rola;
- You will provide true, accurate, and up-to-date information, including personal data;
- You are a human individual (Accounts registered by automated or non-human means are not permitted);
- You are not under the age of 18 years;
- You have full legal capacity, power, and authority to enter into these Terms and to perform its obligations hereunder;
- You understand and expressly accept that there is no warranty whatsoever on $ROLA, the ROLA NFT, ROLA-COASTER, the Website, and the Platform, expressed or implied, to the extent permitted by law, and that the Website as well as the Platform is used and $ROLA and the ROLA NFT are created and obtained at the sole risk of the User on an “as is” basis and without, to the extent permitted by law, any warranties of any kind, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose;
- Your decision to purchase, hold and/or use the $ROLA, purchase and use the ROLA NFT, and/or use ROLA-COASTER is based primarily on your independent evaluation of the merits and risks of purchasing, holding, and using the same;
- You are legally permitted to receive and hold $ROLA and/or the ROLA NFT and use ROLA-COASTER in the your jurisdiction; and
- You have no right against Rola or any of its related entities, except in the event of Rola’s breach of these Terms or gross negligence. Neither Rola nor its representatives shall be liable for consequential, indirect, incidental, special, exemplary, punitive or enhanced damages, lost profits or revenues or diminution in value, arising out of or relating to any breach of these Terms.
2.3 Security of the Account. You are solely responsible for maintaining the confidentiality of your Account. You agree to immediately notify us about any allegedly unauthorised use of your Account or any other security breach related to your Account. You are also responsible for using secure internet connection and protected networks while using Rola. We cannot and will not be liable for any loss or damage resulting from your failure to comply with these security obligations.
2.4 Deletion of the Account. At any time, you may delete your Account through the dashboard of your Account or by contacting us. Upon deletion of the Account, these Terms shall terminate.
2.5 Suspension and termination of the Account. We reserve the right to suspend or terminate your Account if, at our sole discretion,we have grounds to believe that your use of Rola seriously or repeatedly breaches these Terms. We may also suspend or terminate your Account upon a lawful request of a public authority.
2.6 Commercial communication. If we have your email address, we may, from time to time, send you information about Rola and our services. You will receive our newsletters, messages, and emails in the following instances:
- If we receive your express “opt-in” consent to receive marketing messages; or
- If you ask us to send you information about Rola; or
- If we decide to send you information closely related to services already used by you.
2.7 Opting-out. You can opt-out from receiving our commercial communication at any time free of charge by clicking on the “unsubscribe” link included in our emails or by contacting us directly.
2.8 Service-related notices. If necessary, we will send you important informational messages, such as confirmation receipts, password recovery, technical emails, and other administrative updates. Please note that such messages are sent on an “if-needed” basis and they do not fall within the scope of commercial communication that may require your prior consent. You cannot opt-out from service-related notices.
3. PERMITTED USE
3.1 Rolais available worldwide.It is your responsibility to assess whether your use of Rola is in compliance with local laws and regulations.
3.2 You are not permitted to use Rolain any manner that substitutes or contributes to the following activities (the list is representative and not exhaustive):
- Any unlawful activity, including violation of any laws, statutes, ordinances, or regulations;
- Intellectual property (e.g., copyright or trademark) infringement;
- Anyunauthorised access to geographically blocked content;
- Anyunauthorised access to machines, programs, data, or committing any other forms of cyber offences;
- Promotion or encouragement of terrorist activities of any sort;
- Exploitation of children in any way, including audio, video, photography, digital content, and uploading, downloading, posting, distributing, trading, bartering, selling, transmitting or receiving of children pornography material;
- Provision of false, inaccurate, or misleading information;
- Spreading of malware (e.g., viruses, worms, Trojan horses), spam, and illegal messaging;
- Spreading ethnically, racially, or otherwise objectionable information;
- Spreading sexually explicit, libellous, harassing, defamatory, abusive, profane, vulgar, threatening, hateful, obscene behaviour and terrorism-related content;
- Disseminating information about the actsthat may result in injuries and physical harm
- Posting of content that depicts or incites others to commit acts of violence;
- Copying, distributing, renting, reselling, modifying, compromising, damaging, disabling, im-pairing, and overburdening Rola;
- Gambling, including contests, lotteries, games of chance, bidding fee auctions, sports forecasting or odds making, fantasy sports leagues with cash prizes, and sweepstakes;
- Advertising or encouraging the use of tobacco, alcohol, and any illegal substances;
- Using or authorising third parties to use on your behalf services, technologies, or automated systems to artificially inflate the page views (e.g., pay-per-click services and web “robots”);
- Interfering with or abusing other Users of Rola;
- Using bots, scripts, and other automated methods; and
- Collecting and disclosing any information about other Users of Rola.
3.3 Breach of the Terms. If we believe, at our sole discretion, that your use of Rola violates these Terms and it is appropriate, necessary or desirable to do so, we may:
- Send you a formal warning;
- Temporarily or permanently prohibit your Account or use of Rola;
- Report you to public authorities; or
- Commence legal action against you.
4. USER-GENERATED CONTENT
4.1 When you use Rola, you may upload and submit various content, including, without limitation, text, photos, videos, content, graphic content, links, messages, and files (collectively, the “User-generated Content”). Please note that some of the User-generated Content may become available to other Users of Rolaandthegeneral public on the Internet. Therefore, we request you to (i) exercise your due diligence when uploading the User-generated Content onto Rola, (ii) not to make any sensitive information publicly available to other Users of Rola, and (iii) make sure that, by uploading the User-generated Content onto Rola, you comply with these Terms.
4.2 The availability to post the User-Generated Content may be limited. We reserve the right to change, invoke, or introduce new limitations at any time, at our sole discretion.
4.3 By uploading the User-generatedContent onto Rola, you grant us unrestricted, sub-licensable, royalty-free, perpetual, and irrevocable rights to use, distribute, advertise, adapt, remix, modify, publicly display, publicly perform, excerpt, prepare derivative works of, and reproduce the User-generatedContent for the purposes of operating Rola, providingyouwith the requested services, and carrying out our legitimate business interests.
4.4 You agree not to submit the User-generated Content that violates these Terms or any applicable laws, including intellectual property rights of others, and you agree to pay all royalties, fees, and any other monies applicable to the User-generated Content.
4.5 You understand and agree that, in order to ensure the security of Rola, we may, but have no obligation to, monitor the User-generated Content. We reserve the right, at our sole discretion, to refuse to upload, modify, delete, or remove the User-generated Content, in whole or in part, that violates these Terms or may harm the reputation of Rola. However, you remain solely responsible for the User-generated Content.
4.6 You are not allowed to make publicly available personal data of persons who have not pro-vided you with their prior authorisation or consent to share that personal data (e.g., you cannot publish name, photos, videos, and contact details of a person who has not allowed you to do so) through the User-generated Content.
4.7 The User-generated Content includes your personal views and recommendations; it does not reflect our views, recommendations, endorsement, or any commitments related thereto.
4.8 The User-Generated Content is stored in the cloud storage owned and operated by third par-ties. We do not intentionally access the User-GeneratedContent, unless we have reasonable grounds to believe that your use of Rola seriously breached these Terms. We take no responsibility if the User-Generated Content cannot be uploaded, stored, or accessed due to circumstances outside our reasonable control, including, without limitation, third parties’ unavailability, quota overruns, restart settings, expiration times, technical, or connectivity issues. You are responsible for keeping backup copies of the User-Generated Content at all times.
4.9 Advertising on Rola. Users may place advertisements on Rola only after obtaining our prior authorisation. Such authorisation may be subject to a certain amount of fees. Please contact us for more information.
5. INTELLECTUAL PROPERTY
5.1 Your use and submission of intellectual property through Rola is subject to our Intellectual Property Policy that is incorporated by reference into these Terms.
6. AVAILABILITY AND FORCE MAJEURE
We put reasonable efforts to ensure that Rola is always accessible to you. However, the availability of Rola may be affected by factors, which we cannot control, such as bandwidth problems, equipment failure, acts and omissions of third-parties, or force majeure events, including, but not limited to strikes; work stoppages; accidents; acts of war or terrorism; civil or military disturbances; nuclear or natural catastrophes and interruptions;shortage of supply, breakdowns,loss or malfunctions of utilities and communications or computer (software and hardware) services. We take no responsibility for the unavailability of Rola caused by such factors.
7. DISCLAIMER OF WARRANTIES
7.1 We provide Rola on “AS AVAILABLE”, “AS IS”, and “WITH ALL FAULTS” basis. To the extent permitted by the applicable law, we do not make any representations or warranties about the reliability, suitability, and accuracy, for any purpose, of Rola, anythird-party Content, or othercontent featured on or accessedbyusingRola, whether provider by us or by third parties, and hereby disclaim all warranties regarding Rola and its operation.
7.2 It is your sole responsibility to verify and assess the fit for the purpose of Rola prior to using it and to decide whether or not Rola fits for the intended use.
7.3 By using Rola, you acknowledge that we may use third-party suppliers to provide software, hardware, storage, networking, and other technological services. You cannot select or decline the third-party suppliers. The acts and omissions of third-party suppliers may be outside of our reasonable control. To the maximum extent permitted by law, we exclude any liability for any loss or damage resulting from the acts and omissions of such third-party suppliers.
7.4 Nothing in these Terms shall affect any statutory rights that you are entitled to as a consumer and that you cannot contractually agree to alter or waive.
8. LIMITATION OF LIABILITY
8.1 Unless otherwise excluded or limited by the applicable law, we will not be liable for any damages, including, but not limited to, incidental, punitive, special or other related damages, arising out or in connection with your use of Rola, any content made available through Rola, whether provided by us or by third parties, any transactions concluded through Rola, or use of Rolaforunauthorised or unlawfulpurposes. You agree not to hold us liable in respect of any losses arising out of any event or events beyond our reasonable control.
8.2 This Section8shall apply whether or not we have been advised of or should have been aware of the possibility of any such losses arising.
You agree to indemnify, defend, and hold us, our subsidiaries, affiliates, partners, officers, direc-tors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and em-ployees, harmless from any claim or demand, including attorneys’ fees, made by any third party due to or arising out of your breach of these Terms, your use of Rola, or your violation of any law or the rights of a third party.
In the event that any provision of these Terms is determined to be unlawful, void or unenforcea-ble, such a provision shall nonetheless be enforceable to the fullest extent permitted by the appli-cable law, and the unenforceable portion shall be deemed to be severed from these Terms. The validity and enforceability of the remaining provisions shall not be affected as a result.
11. GOVERNING LAW AND DISPUTES
11.1 Governing law.These Terms shall be governed by and interpreted in accordance with the laws of the Republic of Singapore.
11.2 Dispute Resolution. All disputes arising out of or in connection with these Terms shall be settled amicably between the Parties. If the Parties fail to reach an amicable resolution of the dispute within thirty (30) days from the date of their first meeting to resolve the dispute, any Party may submit the dispute for mediation. All disputes, controversies, or differences arising out of or in connection with these Terms shall be submitted to the Singapore International Mediation Centre for resolution by mediation in accordance with the Mediation Procedure for the time being in force. The Parties agree to participate in the mediation in good faith and undertake to abide by the terms of any settlement reached. In the event that the dispute cannot be resolved by mediation, the Parties shall submit to the exclusive jurisdiction of the courts of Singapore.
11.3 This Section 11 does not affect any statutory rights that you are entitled to as a consumer.
12.1 Term and termination. The Terms enter into force on the date indicated at the top of the Terms or when you accept them and remain in force until updated or terminated by us.
12.2 Amendments. We reserve the right to modify these Terms at any time, effective upon posting of an updated version on Rola. If we have your contact details, we will send you a notification about the amendments. Such amendments may be necessary due to new features of Rola, changes in the requirements of laws, regulations, or our business practices. You are responsible for regularly reviewing these Terms. Your continued use of Rola after any changes shall constitute your consent to such changes. We also reserve the right to modify the services provided through Rola, availability of Rola, equipment neededfor access or use of Rola, materialsavailable on Rola, andanyother features of Rola at any time, at our sole discretion.
12.3 Transfer of rights. You are not allowed to assign your rights under these Terms. We are entitled to transfer our rights and obligations under these Terms entirely or partially to a third party by giving a prior notice to you. If you do not agree to the transfer, you can terminate these Terms with immediate effect by deleting or ceasing to use Rola.
12.4 Merger or acquisition. In the event we, during the term of these Terms, are acquired, merged, or sell all or substantially all of our assets, these Terms shall not automatically be terminated and we agree to use our best efforts to ensure that the transferee or surviving company shall assume and be bound by the provisions of these Terms.
12.5 Entire agreement. These Terms, together with the documents referred to therein, represent the entire agreement between you and us regarding your relationship with us and govern your use of Rola.
If you have any questions about these Terms, please contact us by using the following contact details:
Postal address:Crystal Vision Developments Limited, 8 Burn Road, #12-05 Trivex, Singapore 369977, Singapore