Terms and User Agreement
Last updated: 17 November 2022
BY ACCESSING OR USING THE SERVICE, YOU AGREE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THE USER AGREEMENT. IF YOU DO NOT AGREE, PLEASE DO NOT USE THE SERVICE OR WEBSITE.
1.1 In these Terms and User Agreement, unless the context otherwise requires, the following expressions, Appendices and the Related Agreements, capitalized terms not otherwise defined in this User Agreement, Appendices and the Related Agreements will have the following meaning:
1.2 “Account” indicates a User account, including OJA Digital Asset Wallet, OJA E-Wallet, OJX Mobile App Wallet which gives access to the Services.
1.3 “Content” means any and all text, images, audio, video, scripts, code, software, databases and any other form of information capable of being stored on a computer that appears on, or forms part of, the Website.
1.4 “We/Us/Our” means OJA GLOBAL HOLDINGS LTD., a company registered under England and Wales, with registration number 13813234.
1.5 “OJA” means OJA Coin., a limited private company under England and Wales law, with its registered office at 128 City Road, London, EC1V 2NX the United Kingdom and registered under OJA GLOBAL HOLDINGS LTD given by Companies House, Cardiff, under the company registration number 13813234.
1.6 “OJA Digital Asset Wallet” means the wallet feature offered by OJA, on behalf of the Company, to Users for the storage and retrieval of a limited number of Digital Asset as offered within the OJA Platform.
1.7 "OJA E-Wallet" means the wallet feature offered by OJA to Users for the storage and retrieval of OJA Coin.
1.8 "OJA Platform" the online platform of OJA, accessible via the Website, on which a limited number of Digital Assets are offered and solely - as the platform is exclusively available to Users - can be traded between Users.
1.9 “Digital Asset” means a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency but can be accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically.
1.10 “Funds” means the funds, which can consist of Digital Asset and/or OJA E-Wallet, as deposited by User on the OJA Digital Asset Wallet and/or OJA E-Wallet as linked to the Account.
1.11 “Buyer” means the User who submits an Order to buy Cryptocurrencies through OJA Platform.
1.12 “Seller” means the User who submits an Order to sell Cryptocurrencies through the Platform.
1.13 “Fiat currency” means government-issued currency, that is designated as legal tender in its country of issuance through government decree, regulation, or law.
1.14 “Deposit” means a Transaction involving transfer of Funds to the Account.
1.15 “Order” means an instruction to buy or sell Digital Asset on the OJA Platform.
1.16 “Transaction fee” means a fee which is payable to OJA for each completed Transaction.
1.17 “Withdrawal” means a Transaction involving a transfer of Funds from the User’s Account to his/her bank account or to an account opened in any other financial institution. Where the context so admits words denoting the singular shall include the plural and vice versa.
1.18 “Services” means all services as offered by OJA and as specified in articles 5, 6, 7, 8 and 13 of the User Agreement.
1.19 “User” means an individual or a legal entity (represented by an authorised individual) that has created an Account and uses the Services.
1.20 “Website” means https://ojacoin.org and all its related subdomains or related services, such as applications, maintained by OJA Coin such as https://account.ojacoin.org and https://explorer.ojacoin.org
The User Agreement applies, insofar relevant for the activities as provided by OJA.
2.1 Access to the Website is free of charge and provided “as is” and on an “as available” basis. We may alter, suspend or discontinue the Website (or any part of it) at any time and without notice. We will not be liable to you in any way if the Website (or any part of it) is unavailable at any time and for any period.
2.2 Links to Other Websites
Links to other websites may be included on the Website. External links to other websites contained on this Website are being provided as a convenience and for informational purposes only. Unless expressly stated, these other websites are not under Our control. We neither assume nor accept responsibility or liability for the content of third party sites. The inclusion of a link to another website on the Website is for information only.
3.1 Using the Services involves significant risks. User should not use the Services unless User understands the associated risks. Please read the Risk Disclosure Statement to understand the risks related to the Services.
3.2 User should carefully assess whether User’s financial situation and tolerance for risk are suitable for using the Services and User should not use Funds for the Services that User is not prepared to lose entirely as there is an inherent risk that losses will occur as a result of using the Services.
4.1 Accounts are individuals or legal entities (represented by an authorised individual) who are resident in or established in Europe, the USA, UK, North America, Eastern Europe and Northern Asia China, Australia, Oceania, Africa, The Middle East, South Asia and South East Asia Countries.
4.2 User is at least 18 years old and has full capacity to accept the User Agreement, to use the Services and to enter into a transaction involving Digital Asset and is acting on its own behalf.
4.3 If the User is a legal entity, the Account may only be used by a person authorised to act on behalf of the legal entity. It is the responsibility of such User to limit access to the Account to authorised persons only.
4.4 User acknowledges and agrees to provide OJA with current, accurate and complete information during the registration and verification process. Additionally, the User agrees to keep OJA updated if any of the provided information changes.
4.5 User agrees that he/she will not use any Account other than their own or access the Account of any other User at any time or assist others in obtaining unauthorized access.
4.6 User is responsible for maintaining the confidentiality of information on their Account, including, but not limited to their password, email, wallet address, wallet balance and of all activities including Transactions made via their Account. If there is any suspicious activity related to the User’s Account, OJA may request additional information from the User, including authenticating documents and freeze the Account for the review time. The User is obligated to comply with these security requests or accept termination of their Account.
4.7 User acknowledges and agrees that he will not use the Account and the Services to perform criminal activities of any sort, including but not limited to money laundering, terrorist financing, fraud or any other criminal or illegal activity as described in more detail in Appendix 1.
4.8 User acknowledges and agrees that he may create only one Account. Creating multiple accounts for any purposes is prohibited. Duplicate accounts will be closed and in most cases the customer will be required to use their main (oldest) account. It is not allowed to transfer an Account to another person or entity and can only use the Services acting on its own behalf unless OJA has granted its prior written permission to do so.
4.9 OJA reserves the right to recommend amount limits for the Account funding/withdrawal. OJA could recommend daily, monthly and per one-transaction amount limits.
4.10 OJA reserves the right to refuse Accounts without reason and to not further process the verification.
5.1 The creation of an Account and use of the Services can be subject to several levels of verification as described in more detail in Appendix 2. User agrees to provide OJA with the requested information for purpose of Know Your Customer rules, detection of money laundering, terrorist financing, fraud or any other criminal or illegal activity and agrees to provide OJA with additional information and/or require to undergo a background check, in accordance with applicable laws and regulations or the internal rules of OJA, prior to being authorised to use the Services or at any point thereafter.
5.2 User acknowledges and agrees that OJA may disclose personal data of User to third parties in order to do several verification checks or to check the relevance and accuracy of the information provided for verification purposes.
5.3 OJA reserves the right to amend the verification process and to require additional and/or updated information from verified Users for additional verification.
5.4 OJA reserves the right to cancel and/or terminate Accounts that have not been verified or whereby not all required information has been received for additional verification or whereby additional or updated information includes information that is a reason for OJA to cancel and/or terminate the Account.
5.5 Information and documentation provided by the User will be stored as long as required by law or, if not required by law, no longer than is strictly necessary to realise the objectives for which the information and documentation, including User’s personal data, was obtained.
6.1 The Website allows Users to submit instructions to buy or sell Digital Asset on the OJA Platform.
6.2 OJA may apply minimum and maximum sending funds amounts which can vary for each account level.
6.3 User is aware that an Order should only be submitted after careful consideration and User understands and accepts consequences of its execution. User agrees that as soon as the Order is executed, such transaction is irreversible and may not be cancelled. User agrees that after entering into the User Agreement, OJA will directly perform its obligations under the User Agreement. Transactions may be executed instantly and will be considered to have taken place at the execution date and time.
6.4 User acknowledges and agrees to be responsible for all provided Orders and instructions, the accuracy of all information sent via the internet in Users name and the passwords and any other personal identification means implemented to identify User.
6.5 User is aware of the risk that the execution price of a market order may differ significantly from the given indication price. Additionally, the User is aware that market orders are not guaranteed executable due to the availability of sufficient supply or demand.
6.6 User acknowledges and accepts that limit orders and stop-loss orders are not guaranteed executables at the price or amount specified by the User.
6.7 User is not entitled to take advantage of any errors on, or made by OJA. OJA maintains the right to correct any errors, to both the advantage and disadvantage of the User, by reverting or reclaiming transactions.
6.8 In the case of suspected fraud or misuse, OJA reserves the right to suspend Orders and transactions until the legitimacy has been verified.
7.1 OJA offers Users the possibility to store Funds on their Account to facilitate Users with respect to buying, selling or trading Digital assets on the OJA Platform. OJA reserves the right, if this might be doubtful or if this is not the case, to return the Funds to the destination of their origin or any other place as suggested by the User (e.g. external wallet address) and agreed by OJA.
7.2 User agrees and warrants that all (current and future) Funds in the Account are not the direct or indirect proceeds of any criminal or fraudulent activity as described in more detail in Appendix 1.
7.3 The User is not allowed to receive Funds in the Account from any third parties. OJA reserves the right to investigate the source of any Funds in the Account and take appropriate measures with a view to mitigate potential integrity risks. Depending on the outcome of this investigation, OJA reserves the right to return the Funds to the destination of their origin or any other place as suggested by the User (e.g. external wallet address) and agreed by OJA.
7.4 User acknowledges and agrees that he must check all deposits or withdrawals thoroughly before giving any deposit or withdrawal instruction. Once an instruction is provided, deposits or withdrawals can be made final by OJA at any moment and such deposits or withdrawals may not be canceled and are irreversible. Any mistakes in submitted deposits or withdrawals are the sole responsibility of the User.
7.5 User acknowledges and agrees that deposits and withdrawals of Funds may be delayed or (temporary) unavailable due to the financial system or due to the inherent nature of the Digital Asset network.
7.6 In the case of suspected fraud or misuse, OJA maintains the right to suspend deposits and withdrawals until the legitimacy has been verified.
7.7 User acknowledges and agrees that OJA may use a so-called ‘cooldown period’ for deposits due to which the withdrawal of Funds can be delayed.
7.8 The Company is responsible, as concluded in the cooperation agreement, for managing all Funds for and on behalf of the Users.
7.9 If an Account remains closed or dormant for a long enough period of time, and OJA is unable to contact the User, OJA may be required to report any reaming Funds in the Account as unclaimed property if required by law. OJA reserves the right to deduct an administrative fee resulting from such unclaimed funds if permitted by applicable law. If OJA is unable to contact User and the costs of holding the Funds in an Account and/or the costs of a transfer of the Funds to another party to hold the Funds on behalf of User are higher than the (estimated) value of the Funds, OJA can close the Account whereby User has no right to obtain the Funds anymore.
7.10 OJA Coin are exclusively offered by OJA and could only be used within the OJA Platform. OJA Coin are designated for support and facilitation reasons with respect to payment transactions of Users related to their transactions (i.e. the purchase or sale of Digital Asset) on the OJA Platform.
7.11 OJA Coin will automatically be issued by OJA upon receipt of payment in Euro/USD/IDR by the Company on behalf of OJA and without delay. OJA issues OJA Coin at par value, due to which the OJA Coin will have the same amount as the Euro/USD/IDR received, and therefore OJA Coin is issued for every nominal received. OJA Coin issued to a User will be added to the OJA Coin E-Wallet linked to the Account of the User.
7.12 OJA Coin will be shown as an account balance associated with the Account of the User.
7.13 User acknowledges and agrees that, although the company will take reasonable measures to secure the OJA E-Wallet, storing OJA Coin in an OJA E-Wallet involves significant risks, as described in more detail in the Risk Disclosure, as the Company cannot guarantee complete security. The User acknowledges and agrees that any use of the OJA E-Wallet is at the risk of the User.
7.14 OJA Coin can only be used for the Services and cannot be stored for other purposes. The User is not entitled to interest or any other compensation for the stored OJA Coin. In case there are indications that the User uses the OJA Coin for other purposes, OJA will contact the User and request proper use or withdrawal of the OJA Coin.