TNQ
LOCKING POLICY
This Locking Policy outlines the Terms and Conditions (“Agreement”) that governs the legal relationship between TNQ (“TNQ”, “we”, “our”, or “us”) and client (“Client” or “You”). This Agreement shall be used for Locking Digital Assets with TNQ for the purpose of gaining Locking Rewards as defined below and is not used for any other services offered by TNQ. Client represents that whether on personal behalf or for an institution or company that Client has the authority to legally Lock Digital Assets to TNQ and adhere to the terms and conditions listed in this Agreement.
By participating in Locking with TNQ, you acknowledge that you have read, understood, and accepted all of the terms and conditions in this Agreement, and you acknowledge and agree that you will be bound by and will comply with this Agreement. If you do not understand and accept this Agreement in its entirety, you should not participate.
Definitions
Terms used in this Agreement with their initial letters capitalized have the meanings ascribed to them in this section or where they are elsewhere defined in this Agreement. Any term defined in the singular will have the corresponding definition in the plural (and vice versa). As used in this Agreement:
Agreement/Terms/Locking Terms means these Terms and Conditions of this Agreement.
Auto-lock means a feature that allows Clients to automatically relock their Tokens according to their preceding Locking Offer without having to manually do so.
Applicable Law means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organization of which TNQ is a member), that are applicable to the provision, receipt or use of the TNQ Services, or any other products or deliverables provided, used or received in connection with these terms.
Applicable Network means any blockchain network for which TNQ Platform is able to perform the Service.
Applicable Network Protocol means the rules by which the Applicable Network operates including but not limited to the process for Locking.
Client means the Party using the Service to gain Locking Rewards.
Party/Parties means you or us, as applicable, and “Parties” means you and us collectively.
Platform means the technology platform and infrastructure that TNQ may make accessible to you via a website, an API, or by such other means to perform the Service.
Reward Currency means the digital currency that Locking Rewards will be provided to you, attributed to the Locked Asset.
Service means our provision of a platform for clients to lock their tokens, including, without limitation, managing and operating locking pools, distributing rewards, and providing support.
Settlement Date means the maturity date of the Locking Offer, 12:00 AM (GMT+8) on the final day of the Locking Duration.
Locked Asset means the Digital Assets that Client has Locked with the Service.
Locking/TNQ Locking means the TNQ Service identified as “TNQ Locking” on the Platform, allowing you to participate in Locking in accordance with these Terms to gain Locking Rewards.
Locking Duration means the agreed period that locked Assets must be delegated to TNQ in order for you to be entitled to Locking Rewards.
Locking Offer means an offer by TNQ to lock Digital Assets on an Applicable Network using the Platform, in accordance with these Locking Terms.
Locking Rewards means the Digital Assets that are provided to you as consideration for Subscribing to a Locking Offer, in accordance with these Locking Terms.
Locking Yield means the percentage yield at which Locking Rewards are calculated and published on the TNQ Service identified as “TNQ Locking” on the Platform.
Subscribe means subscribing to a Locking Offer.
Token means the Digital Asset owned by TNQ.
Unlock/unlocking means when you instruct TNQ to transfer Locked Asset to your Wallet before the Settlement Date.
Wallet means the registered custodial wallet, non-custodial wallet or Account used to store TNQ Tokens in TNQ official portal’s Wallet.
Website means any website managed and maintained by TNQ in connection with Service including but not limited to https://tnqtoken.io.
Relationship with TNQ
You understand and agree that by electing to participate in TNQ Locking (i) TNQ has the authority over your Locked Assets, and (ii) once this is done, your Locked Assets will no longer be held with you.
TNQ Locking is a Service that, among other things, provides you with:
In consideration for providing you with Services in this Agreement, TNQ does not charge any fees.
Notices
Except as otherwise provided in this Agreement, all notices under this Agreement must be in writing and given by personal delivery, recognized national overnight courier service, or by Malaysia registered or certified mail, return receipt requested.
Notice given to TNQ must be delivered to:
Unit 33-05, Menara The Stride,
Bukit Bintang City Centre,
No 2, Jalan Hang Tuah,
55100 Kuala Lumpur, Malaysia
TNQ may change the address to which notice must be delivered to it by prosiding notice of such updated address in accordance with this section.