Terms and Conditions for CoinRabbit

Last updated: September 27, 2024

Please read these terms and conditions carefully before using Our Service.

Interpretation and Definitions

Interpretation

The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.

Definitions

For the purposes of these Terms and Conditions:

• Country refers to: St. Vincent and the Grenadines
• Company (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Rabbit Finance LLC
• Device means any device that can access the Service such as a computer, a cellphone or a digital tablet.
• Service refers to the Website.
• Terms and Conditions (also referred as "Terms") mean these Terms and Conditions that form the entire agreement between You and the Company regarding the use of the Service.
• Third-party Service means any services or content (including data, information, products or services) provided by a third-party that may be displayed, included or made available by the Service.
• Website refers to CoinRabbit, accessible from coinrabbit.io
• Interest means the indicated interest rate accrued in accordance with these Terms and subject to revision at any time.
• Intellectual Property means any intellectual and industrial property rights, belonging to Rabbit Finance LLC, for example, trademarks, service marks, logos, copyright and related rights, know-how, research, publications, agreements, trade and company names, etc.
• Digital Assets means any digital assets (such as cryptocurrencies, stablecoins and tokenized assets), accepted by CoinRabbit.
• A fiat-backed stablecoin is a cryptocurrency whose value is tied to a specific fiat currency and is related to it 1:1. List of fiat-backed stablecoins available on the platform – USDT, USDC, TUSD. If the exchange rate of one of these coins to the USD (United States dollar) drops by 0.5% or more, we have the right to replace it with another coin that meets fiat-backed stablecoin definition.
• You or Client means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
• Loan means any Digital Assets loan facility granted by CoinRabbit and the total amount of the loan due by the Client to CoinRabbit at any time until its full repayment, including the principal, the Interest and any fees due to CoinRabbit under this Agreement.
• The annual percentage yield (hereinafter “the APY”) is the interest rate of return earned.
• The CoinRabbit Earn Interest Product (“Deposit”) - it is a product that allows you to earn APY on certain Digital Assets topped up into the CoinRabbit service.
• Withdrawal balance - it is the amount of topped Deposit plus Interest accrued and available for withdrawal.
• Interest (referred to as either “Reward” or “APY” in this Agreement) means the indicated interest rate accrued in accordance with these Terms and subject to revision at any time.
• Active Deposit - it is a Deposit that contains at least the Minimum amount of Digital Assets.
• Classic Rate Exchange means a classic rate cryptocurrency exchange performed at the current most profitable rate on the market, at which the Service does not guarantee this rate.
• Actual Rates refer to the real-time exchange rates applied at the moment the transaction is processed, which may differ from the initially indicated or displayed rates due to market fluctuations.
• A Margin Call is the liquidation threshold. When the value of your collateral reaches this level, it triggers the liquidation process unless additional collateral is provided.
• LTV (Loan-to-Value Ratio) is the ratio between the loan amount and the value of your collateral. A higher LTV means more loan funds but also a higher risk of triggering a margin call or liquidation.
• Liquidation is the process triggered when the margin call price is reached. During this process, your collateral is automatically sold to cover the loan and any accrued interest. Liquidation happens without borrower approval when the value of the collateral becomes insufficient to secure the loan.

Acknowledgment

These are the Terms and Conditions governing the use of this Service and the agreement that operates between You and the Company. These Terms and Conditions set out the rights and obligations of all users regarding the use of the Service.

Your access to and use of the Service is conditioned on Your acceptance of and compliance with these Terms and Conditions. These Terms and Conditions apply to all visitors, users and others who access or use the Service.

By accessing or using the Service You agree to be bound by these Terms and Conditions. If You disagree with any part of these Terms and Conditions then You may not access the Service.

You represent that you are over the age of 18. The Company does not permit those under 18 to use the Service.

By accessing and using CoinRabbit services and the Website, you represent and warrant that you are not located in, or are not a citizen or resident of: United States of America, United Kingdom, Canada, Hong Kong, or any country subject to restrictions or sanctions related to cryptocurrency usage. List of counties with restrictions or sanctions related to cryptocurrency usage:

• The Islamic Republic of Afghanistan
• The People's Democratic Republic of Algeria
• The Arab Republic of Egypt
• The People's Republic of Bangladesh
• The Plurinational State of Bolivia
• The Republic of Burundi
• The Republic of Cameroon
• The Republic of Chad
• The People's Republic of China
• The Republic of the Congo
• The Federal Democratic Republic of Ethiopia
• The Gabonese Republic
• The Republic of Iraq
• The Kingdom of Lesotho
• The State of Libya
• The Republic of North Macedonia
• The Kingdom of Morocco
• The Republic of the Union of Myanmar
• The Federal Democratic Republic of Nepal
• The State of Qatar
• The Republic of Sierra Leone
• The Republic of Tunisia
• The Republic of Ghana
• The State of Kuwait
• Democratic People's Republic of Korea
• Islamic Republic of Iran
• Federal Republic of Somalia
• Republic of South Sudan
• Republic of the Sudan
• Republic of Yemen

Your access to and use of the Service is also conditioned on Your acceptance of and compliance with the Privacy Policy of the Company. Our Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your personal information when You use the Application or the Website and tells You about Your privacy rights and how the law protects You. Please read Our Privacy Policy carefully before using Our Service.

By entering into this Agreement, you acknowledge and confirm that you meet all the conditions set out above. In the event that we subsequently ascertain that you have not met or does not meet any of these conditions anymore, we may suspend the provision of the CoinRabbit services to you, and do not allow you to use the CoinRabbit services.

You are aware that you use the CoinRabbit and the Loan fully at your own risk.

Links to Other Websites

Our Service may contain links to third-party web sites or services that are not owned or controlled by the Company.

The Company has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third party web sites or services. You further acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services available on or through any such web sites or services.

We strongly advise You to read the terms and conditions and privacy policies of any third-party web sites or services that You visit.

Termination

We may terminate or suspend Your access immediately, without prior notice or liability, for any reason whatsoever, including without limitation if You breach these Terms and Conditions.

Upon termination, Your right to use the Service will cease immediately.

Limitation of Liability

To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information, for business interruption, for personal injury, loss of privacy arising out of or in any way related to the use of or inability to use the Service, third-party software and/or third-party hardware used with the Service, or otherwise in connection with any provision of this Terms), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.

We take the security of your personal data and digital assets very seriously. We employ industry-standard security measures, including encryption, secure access controls, and regular security audits, to protect your information from unauthorized access, use, or disclosure. In the event of a loss of two-factor authentication (2FA), clients must follow our recovery procedures, which are subject to change at our sole discretion. Clients acknowledge and agree that maintaining the security of their account credentials is their own responsibility.

Two-Factor Authentication (2FA) Recovery:

In case of loss of two-factor authentication (2FA), the client must follow our recovery procedures. Each recovery request is considered on a case-by-case basis, and recovery may be impossible if the client fails to provide the required information. The client acknowledges and agrees that they are solely responsible for the security of their account, including the removal or loss of access to 2FA.

"AS IS" and "AS AVAILABLE"

Disclaimer

The Service is provided to You "AS IS" and "AS AVAILABLE" and with all faults and defects without warranty of any kind. To the maximum extent permitted under applicable law, the Company, on its own behalf and on behalf of its Affiliates and its and their respective licensors and service providers, expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the Service, including all implied warranties of merchantability, fitness for a particular purpose, title and non-infringement, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the Service will meet Your requirements, achieve any intended results, be compatible or work with any other software, applications, systems or services, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.

Without limiting the foregoing, neither the Company nor any of the company's provider makes any representation or warranty of any kind, express or implied: (i) as to the operation or availability of the Service, or the information, content, and materials or products included thereon; (ii) that the Service will be uninterrupted or error-free; (iii) as to the accuracy, reliability, or currency of any information or content provided through the Service; or (iv) that the Service, its servers, the content, or e-mails sent from or on behalf of the Company are free of viruses, scripts, trojan horses, worms, malware, timebombs or other harmful components.

Some jurisdictions do not allow the exclusion of certain types of warranties or limitations on applicable statutory rights of a consumer, so some or all of the above exclusions and limitations may not apply to You. But in such a case the exclusions and limitations set forth in this section shall be applied to the greatest extent enforceable under applicable law.

CoinRabbit APR (Annual Percentage Rate), Collateral, Repayment and Withdrawal.

1. CoinRabbit will grant you a Loan in Digital Assets, if you provide the required Digital Assets as collateral by transferring them into the CoinRabbit service (“Collateral”). All such Digital Assets are indicated on the CoinRabbit service and are subject to revision from time to time.
2. Unless prohibited by any Applicable Law, by virtue of this Agreement CoinRabbit acquired the ownership of the Collateral while the Loan is outstanding.
3. A compound annual Interest shall commence accruing as of the start date of the Loan (“Start Date”), at the rate determined at the time the Loan is granted and indicated on the CoinRabbit service. The Interest shall be subject to revision from time to time, at our sole and absolute discretion.
4. The Interest shall be calculated on a monthly basis.
5. No periodic repayment of the Interest shall be due.
6. Annual interest rate depends on LTV that you've chosen while getting a loan and may vary due to the market conditions.
7. There is no maturity date for loan. It can be repaid at any Date.
8. You may repay at any time by transferring into the CoinRabbit service the same Digital Assets as the loan granted. Certain rules may apply to repayments from time to time, as indicated on the CoinRabbit service.
9. Once the loan has been repaid in full, all remaining Collateral shall be transferred back to the Client’s address. CoinRabbit charges processing fee on withdrawal operations.
10. CoinRabbit may provide you with discounts on the loan or any part thereof, such as the principal or the Interest, at any time, under conditions it finds appropriate.
11. Each loan has an individual calculation of the margin call. Margin call takes into account the depth of the order book. If after the loan selling cryptocurrency price is equal to Margin call – the loan is frozen as we need to prepare for liquidation. You cannot close or top up the collateral when the loan is frozen.
12. When taking out a loan, you agree to the condition of liquidation of your collateral when the collateral currency exchange rate reaches the margin call.
13. The margin call is a decrease in the rate of the collateral currency. Margin call for the exact loan is shown on its info page.
14. Accumulating interest on a loan increases the loan margin call.
15. The margin call is displayed in the personal account of your loan.
16. The rate of the collateral currency is compared every second with the currency rate of liquidity partner which provides trading pairs for this currency. If at some point it drops to the liquidation rate or lower, CoinRabbit has the right to automatically sell the collateral.
17. Due to the volatile nature of the Digital Assets market, it may be technically impossible for CoinRabbit to notify you about risk zones or liquidation, and that you are solely responsible for monitoring the current market conditions and maintaining the price of your collateral in full accordance with these Terms and Conditions.
18. We reserve the right to liquidate the client's positions in accordance with our Liquidation Policies. Liquidations can be conducted on any exchanges that we deem appropriate.The client agrees that our liability is limited to performing liquidations within the established procedures.
19. We reserve the right to suspend or terminate support for certain cryptocurrencies at any time without prior notice. Clients are responsible for monitoring the status of supported assets and taking appropriate measures.
20. CoinRabbit utilizes thorough market analysis to adjust interest rates based on current conditions. We're agile in responding to market changes, so rates for new loans can be changed regularly to match market fluctuations.
21. Current information on the interest rates for new loans is displayed on the main page of the service – coinrabbit.io while selecting loan terms.

CoinRabbit Earn Interest Product

1. You are allowed to have multiple active Deposits, running simultaneously. APY will be accrued separately on each deposit.
2. You are allowed to top up an active Deposit at any time.
3. APY is 5%
4. The APY shall commence accruing on the Digital Asset and Deposit at a certain rate, as of the expiry of 24 (twenty-four) hours of their topping up into the CoinRabbit service.
5. Client’s Interest is calculated on a daily basis and displayed on Client’s dashboard.
6. Client’s withdrawal balance is updated on a daily basis.
7. CoinRabbit reserves its right to grant preferential APY or other terms to certain Clients as part of marketing campaigns or otherwise, upon its sole and absolute discretion.
8. CoinRabbit reserves its right to change APY upon its sole and absolute discretion as for all active Deposits and all new ones.
9. Unless prohibited by any Applicable Law, by virtue of this Agreement CoinRabbit acquired the ownership of the topped Digital Assets while the Deposit is active.
10. CoinRabbit may use topped Digital Assets for granting Loans.
11. You may top up Digital Assets into the CoinRabbit Service at any time.
    1. Maximum amount for Deposit is 1 000 000 USD in stablecoins
    2. Minimum amount for Deposit is 100 USD in stablecoins
12. You may request for withdrawal of the Digital Assets and interest accrued at any time.

Governing Law

The laws of the Country, excluding its conflicts of law rules, shall govern this Terms and Your use of the Service. Your use of the Application may also be subject to other local, state, national, or international laws.

CoinRabbit Wallet Policy

The CoinRabbit Wallet is a secure platform for storing, transferring, and managing supported cryptocurrencies, including deposits, withdrawals, and collateral for loans, while offering users robust security and full control over their assets.

Wallet Operations

Users can deposit, withdraw, and exchange supported cryptocurrencies via the CoinRabbit wallet. Each transaction is subject to applicable network fees, which may vary based on blockchain network conditions.

Comissions

All deposits and withdrawals may incur fees, which will be clearly displayed prior to the confirmation of each transaction. These fees are subject to periodic adjustments based on network conditions or other external factors that CoinRabbit cannot control. Clients are strongly encouraged to regularly review the current fee schedule on our platform to stay informed of any changes.

Supported Currencies

CoinRabbit reserves the right to update the list of supported cryptocurrencies. A currency may be added or removed from the platform without prior notice, depending on market conditions, regulatory changes, or internal policy updates. Some assets may also become temporarily unavailable for deposits, withdrawals, or exchanges.

Currency Availability

Users may encounter temporary unavailability of certain assets for operations such as deposits, withdrawals, or exchanges due to market conditions or technical limitations. CoinRabbit will not be held liable for any delays or issues related to the temporary suspension of services involving specific cryptocurrencies.

Exchange Restrictions

CoinRabbit may restrict the exchange of certain cryptocurrencies under specific circumstances, including high market volatility or liquidity constraints. These restrictions will be communicated through the platform as needed.

Fees

Fees for wallet replenishment, transfers, and other operations may vary and are subject to change. Clients are responsible for all applicable fees, including network fees set by respective blockchains. Below is a detailed breakdown of the fees associated with specific actions on our platform:

• Wallet Replenishment Fee
  • Description: This fee applies when you add funds to your wallet on our platform.
  • Details: Fees may vary based on the asset being deposited and network congestion. Please refer to our platform for the current fee structure.
• Withdrawal Fee
  • Description: This fee applies when you withdraw funds from your wallet to an external address.
  • Details: Fees are determined by the network used for the withdrawal. Our platform provides up-to-dateinformation on applicable withdrawal fees.
• Collateral Deposit from External Wallet
  • Description: This fee applies when you send collateral from an external wallet to secure a loan on our platform.
  • Details: In addition to the standard network fees charged by the blockchain, a service fee will also apply. This service fee is charged by CoinRabbit for processing the transaction. Both the service and network fees are displayed before you confirm the transaction. Network fees are beyond our control and fluctuate based on the current status of the blockchain.
• Repayment from External Wallet
  • Description: This fee applies when you repay a loan by sending funds from an external wallet.
  • Details: Along with the network fees incurred during the transfer process, a service fee will also apply to the repayment. The total fee amount depends on both the network conditions and the CoinRabbit service fee, which will be clearly displayed prior to confirming the transaction. Network fees fluctuate depending on blockchain conditions.
• Collateral Increase from External Wallet
  • Description: This fee applies when you increase the amount of collateral by sending additional funds from an external wallet.
  • Details: In addition to the standard network fees charged by the blockchain used for the transfer, a service fee will also apply. The service fee is charged by CoinRabbit for processing the collateral increase. Both the service fee and network fee will be displayed before confirming the transaction. Network fees are beyond our control and may fluctuate based on current blockchain conditions.

Exchange Rate Acknowledgment

By accepting the terms of the "Classic Rate Exchange," you acknowledge and agree that the exchange rates provided by CoinRabbit are indicative and may differ from the actual rates. In the event of significant market fluctuations during the exchange, the following options may be offered:

• Proceed with the exchange at the current market rate.
• Refund the non-exchanged assets to the original or refund address after deducting fees, and send the exchanged funds to the payout address after conversion.
• If possible, the exchange will be completed at the rate initially confirmed by the user.
• If significant market fluctuations prevent the transaction from being completed at the initially indicated rate, the assets may be refunded, less fees, or the user may proceed under the Classic Rate Exchange terms.
• If the amount sent differs from the amount specified, the transaction will follow the Classic Rate Exchange rules.

Rate Discrepancies

Please be aware that the exchange rates on CoinRabbit may differ from rates offered by other services due to the volatile nature of the cryptocurrency market and variations in rates from our liquidity providers. CoinRabbit holds no responsibility for any differences in rates compared to other platforms. Users are encouraged to verify the actual rates on CoinRabbit before proceeding with any exchanges and to consider market volatility when making decisions. CoinRabbit is not liable for rate discrepancies with external sources.

Referral Program

Unlimited Invitations

There is no limitation on the number of individuals a referrer can invite to the CoinRabbit platform. Referrers are encouraged to invite as many people as they wish, allowing a broader audience to benefit from our services.

Customized Referral Terms

The specific terms and conditions of the referral program may be subject to individual customization on a case-by-case basis. This means that the benefits, conditions, and rewards linked to the referral may differ depending on factors such as the particular circumstances, ongoing promotions, or other relevant considerations. CoinRabbit reserves the right to modify or tailor these terms as necessary to reflect the unique conditions of any given referral event or promotional campaign.

General Provisions

Participation in the referral program is voluntary, and by taking part, referrers agree to comply with these terms and conditions. CoinRabbit reserves the right to amend, suspend, or terminate the referral program at its discretion, with or without prior notice, in accordance with applicable laws and regulations.

Referral Tracking

All referral activities, including the list of referred guests and the status of their accounts, will be transparently displayed on the dedicated referral page: https://coinrabbit.io/account/referral/. Referrers can track the progress and rewards of their referrals directly through this page.

Disputes Resolution

If You have any concern or dispute about the Service, You agree to first try to resolve the dispute informally by contacting the Company.

Severability and Waiver

Severability

If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

Waiver

Except as provided herein, the failure to exercise a right or to require performance of an obligation under this Terms shall not effect a party's ability to exercise such right or require such performance at any time thereafter nor shall be the waiver of a breach constitute a waiver of any subsequent breach.

Translation Interpretation

These Terms and Conditions may have been translated if We have made them available to You on our Service. You agree that the original English text shall prevail in the case of a dispute.

Changes to These Terms and Conditions

We reserve the right, at Our sole discretion, to modify or replace these Terms at any time. If a revision is material We will make reasonable efforts to provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at Our sole discretion.

By continuing to access or use Our Service after those revisions become effective, You agree to be bound by the revised terms. If You do not agree to the new terms, in whole or in part, please stop using the website and the Service.

Contact Us

If you have any questions or concerns about our Service, you can contact our Customer Support team via email at [email protected] or through our live chat available on our website. Our support team is available 24/7 to assist you with any issues you may encounter.