The WOO X Staking Terms (“the Terms”) govern your usage of WOO X Staking services (“WOO X Staking” or “the Services”) and are entered into by and between you (the “Users” or “you”) and WOOTECH Limited (“WOO X” or “we”). Before accessing and using the Services, in addition to WOO X Terms of Services, you should carefully read and fully understand the Terms and all relevant staking rules, staking pages, tier tables, guidances, instructions, announcements, information, tutorial and FAQ of WOO X Staking (“WOO X Staking Rules” or “the Rules”). The Terms and the Rules constitute a part of WOO X Terms of Services, and it is your responsibility to abide by any regulations, laws, and orders applicable in your jurisdiction where you access and use WOO X Staking.
Prior to using WOO X Staking, you must complete registration and identity verification for your WOO X account and confirm that you are not a citizen or resident of any unsupported countries/regions. Moreover, WOO X may, at times, prohibit Users from specific countries/regions from using WOO X Staking, even if they are not listed as unsupported countries/regions. In such cases, WOO X will list the specific countries/regions in advance through the Rules.
You acknowledge that WOO X may modify the Terms and the Rules from time to time without prior notices. Your continued usage of WOO X Staking means you agree with any changes to the Terms and the Rules and all subsequent actions by you shall be subject to the amended Terms and Rules.
WOO X Staking establishes various tiers based on the required amount of WOO tokens staked on WOO X, and each tier offers users multiple benefits, including but not limited to daily free withdrawal times, referral commission rates, and taker/maker fees for spot & margin trading or futures trading. Additionally, WOO X grants Users Staking Rewards calculated by different factors- staked amount of WOO tokens, Base Rate, Diamond Hands and Trade Arcade. The daily rewards will be sent to Users’ wallets. Furthermore, Users can request to unstake their staked WOO tokens which will be unbonded in 7 days, during which the unbonded amount will not count towards the staking rewards. Users can also unstake their WOO tokens for redemption immediately without the unbonding period, but there will be a 5 percent instant redemption fee of such unstaked WOO tokens which will be deducted from the amount of unstaked WOO tokens directly. The minimum amount for instant unstaking is 300 WOO tokens. Details of the aforementioned information can be found in the WOO X Staking Rules and staking pages.
WOO X STAKING IS NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES OF ANY FORM, UNITS IN A BUSINESS TRUST, UNITS IN A COLLECTIVE INVESTMENT SCHEME OR ANY OTHER FORM OF INVESTMENT IN ANY JURISDICTION.
You should be aware that, during the staking period, unless you are willing to unstake instantly and bear the relevant fees, staked WOO tokens, cannot be traded, used as collateral or redeemed immediately. Additionally, you should consider thoroughly the risks, including without limitation, higher price volatility, legislative or regulatory environment changes, token forks, rollbacks and any cyber attacks. You shall only make investments that you are familiar with and evaluate your investment experiences, risk tolerances, and financial situation to fully understand your investments.
Any information contained in the WOO X Staking does not constitute investment advice or any marketing, promotion or offer of any tokens or investments.
WOO X will not be responsible or liable for any losses (including, without limitation, any direct or indirect damages for loss of profits) resulting or arising directly or indirectly from your usage of WOO X Staking.