Simple Earn User Agreement TR

SIMPLE EARN  SERVICE AGREEMENT

1. GENERAL

1.1. Parties

This Simple Earn Services Agreement, together with any annexes (“Agreement”), is electronically entered into by and between OKX TR Kripto Varlık Alım Satım Platformu Anonim Şirketi (“OKX TR”) and the user (“you” or “User”) (hereinafter individually referred to as “Party” and together as “Parties”) to govern the principles regarding the User’s access to and use of the Simple Earn services provided on the Platform (“Service(s) and/or “Simple Earn Services””).

This Agreement supplements the OKX TR User Framework Agreement. In the event of any conflict or inconsistency between any term or provision set forth in this Agreement and the OKX TR User Framework Agreement, such conflict or inconsistency shall be resolved by giving precedence to this Agreement. All provisions, including definitions, of the OKX TR User Framework Agreement not modified by this Agreement shall remain in full force and effect. Terms not defined here are defined in the OKX TR User Framework Agreement.

1.2. Scope

This Agreement applies to all Simple Earn Services that we offer to you through the Platform. The Simple Earn Services that we offer are set out and described below.

1.3. Applicability

a) This Agreement, as amended from time to time, supplements and is in addition to the User Framework Agreement. It is intended to be read in conjunction with the User Agreement.

b)   Unless otherwise defined in this Agreement, any capitalized terms used in

the User Framework Agreement shall have the same meaning in this Agreement.

1.4. Acceptance

Unless you have read and accepted all the terms of this Agreement, you are not authorized to or should not use the Services. Your acceptance of this Agreement and your use of the Services represents that you have read, understood and agreed to this Agreement and that this Agreement is legally binding on you.

2. DESCRIPTION OF SIMPLE EARN  SERVICES and OTHER DEFINITIONS

Digital Assets: mean any digital representation of value expressed as a cryptocurrency or stablecoin that we make available for trading on the Platform.

Redeem/Redemption: means the return of the Digital Assets deposited in the Service to the User’s account.

Service Fee: means the charges paid to OKX TR by a User for use of the Service, payable to OKX TR at the time of distribution of Rewards (if any). OKX TR may deduct such charges from Rewards payable to the User, prior to distribution.

Applicable Law: means the laws, regulations communiqués, directives, guidelines and other regulatory instruments and rules of any competent authority that apply to OKX TR and/or its users, as enacted, replaced, amended, extended and/or re-enacted from time to time.

Simple Earn: means a campaign product offered by OKX TR that allows Users to easily accumulate Digital Assets and earn Rewards under flexible conditions. 

User Framework Agreement:  means the OKX TR User Framework Agreement, as amended from time to time, used for subscription to OKX TR Platform.

Rewards: means rewards or benefits that Users may receive by depositing Digital Assets in the Service.

Platform: means the platform maintained by us and that we make available to you for trading Digital Assets.

Estimated Rewards: means a currently estimated rate or amount of Rewards. Actual Rewards may be higher, lower or the same as Estimated Rewards.

3. ELIGIBILITY TO USE THE SERVICE 

3.1. You  accept, declare and undertake that 

(i) OKX TR may lock your Digital Assets, in accordance with the requirements of the relevant distributed ledger technology,

(ii) OKX TR may stake your Digital Assets, 

(iii) OKX TR may use your Digital Assets for the purpose of contributing to the network or through similar mechanisms or use them for other transactions, 

in whole or in part during the term of the Service and/or until the end of the maturity, in order to fulfill its obligations under the Service, subject to the return of Digital Assets in kind.

In this context, for certain assets, the assets of users are directly locked on the relevant network and the transaction is carried out through blockchain protocols; however, for some assets, direct locking on the network may not be technically feasible due to technical limitations or structural features of the relevant network. By entering into this Agreement, the User authorizes OKX TR to dispose of the Digital Assets deposited in Simple Earn in its own favor.

3.2. You also understand and confirm that:

You have agreed to abide by the OKX TR User Framework Agreement, and are eligible and permitted to use the Services specified therein;

Any cryptocurrency comprising your Digital Assets deposited into Simple Earn may be subject to delisting and applicable terms and rules of OKX TR;

You have the experience, knowledge and risk tolerance required to use the Service;

You acknowledge that you have reviewed and understood the risks;

You will not use the Service for any illegal purposes or activities, including but not limited to money laundering, terrorist financing, fraud, and/or market manipulation, or any other activities or any businesses prohibited by the law;

3.3. You understand and accept the risks that may arise to you and the related losses you may suffer from using the Service, as set out in the OKX TR User Framework Agreement. Those risks and losses include but are not limited to:

Digital Assets deposited into the Service cannot be used by you during the term of the Service. In such case, if the Users wish to use  Digital Assets, they may terminate their participation in the Service at any time. However, in the event of early termination of the Service, the User may not be entitled to any Reward, in whole or in part.

Historical returns are not indicative of future returns. The Estimated Rewards displayed on the OKX TR Platform are theoretical estimates. They are not actual or guaranteed Rewards promised by OKX TR . OKX TR does not guarantee or promise any Reward. Actual Rewards may vary from the Estimated Rewards. Rewards shall be calculated and distributed by OKX TR in its sole discretion. OKX TR may deduct cost, fees, and expenses related to the operation of the Service from your actual Rewards, to determine the final amount payable to you.

Price fluctuations of Digital Assets may cause significant or total loss in a short period of time.

The nature of blockchain technology means that technological difficulties experienced by OKX TR may prevent your access to, or use of, your Digital Assets.

Market risks may occur, which may result in losses of your Digital Assets.

OKX TR may have to change the terms and conditions of this Agreement, from time to time, while you are using the Service. Any such actions may benefit or harm users 

4. SIMPLE EARN SERVICE TERMS AND CONDITIONS 

4.1. Users can deposit any amount of Digital Assets into Simple Earn 24/7, and OKX TR will distribute variable Rewards to Users on an hourly basis according to the deposited amount. As an alternative to inputting a manual request on the Platform, you may opt into a functionality whereby idle Digital Assets in your account are automatically used to be deposited in the Simple Earn (“Auto-Earn”), on the terms set out below .

OKX TR can set minimum and maximum Digital Asset amounts for participation in Automatic Savings.

By default, Auto-Earn is not enabled in your account.  In order to enable Auto-Earn, you must opt-in on the  Platform. 

Upon opting into Auto-Earn, all Digital Assets in your account which 

(i) are of a cryptocurrency which has not been transacted or if subject to an order, have not been executed; 

(ii) are supported by the Service, 

(iii) exceed the minimum amount for Auto-Earn eligibility and do not exceed the maximum Auto-Earn deposit amount in the Service (both as displayed on the Platform from time to time), 

may automatically be used within the Simple Earn Service, subject to other conditions described herein.  

Auto-Earn subscriptions are not created in real time upon a relevant Digital Asset meeting the above criteria. Instead, OKX TR scans all users’ funding accounts for potential creation of Auto Earn subscriptions several times a day. 

The User may only opt out of the Auto-Earn 24 hours after submitting an Auto Earn request, but in this case, the User loses their right to the Reward. However, for operational reasons, there may be cases where the User cannot cancel, revoke, or edit the Auto Earn request after submitting it. 

Digital Assets that are subject to an order and included in Auto-Earn will be removed from the Auto-Earn upon execution of the order, and the User will not be eligible for Rewards for these Digital Assets for which the order was executed. 

Redemptions of any Digital Assets already deposited into the Service through Auto-Earn must be carried out manually.

4.2. Users can exit the Simple Earn Service at any time with respect to the Digital Assets they have deposited, and accordingly perform actions such as flexible conversion into cash. To do so, they must submit a Redemption request on the OKX TR Platform. However, in this case, the User will not be entitled to any Rewards under the Service. Once a Redemption request is submitted, the User cannot cancel, withdraw, or modify the request.

As per the operational procedures of the Platform, as you are aware, the speed at which any Redemption request is fulfilled will vary and will depend on market conditions. OKX TR will not be liable for any loss arising from the difference between the estimated and actual arrival time of Digital Assets.

4.3. Calculation of Rewards

4.3.1. APR Calculation

The User Reward is calculated based on the variable annual percentage rate (“APR” or “Reward Rate”), which may be dependent on the amount of like kind assets earned on the network, and this Reward Rate is determined by OKX TR. The Reward Rate varies for each Simple Earn offer provided by OKX TR and is calculated by the system processing the offer.

The variable Reward Rate is an estimate of how much Reward the User can earn in a year without compounding rewards on the amount deposited into Simple Earn

Reward Rate levels may fluctuate hourly. Even after the Users deposit their Digital Assets into Simple Earn, the Reward Rate may increase or decrease.

4.3.2. “Minimum Reward Yield Rate” refers to the minimum Reward Rate the User wishes to achieve.

If the hourly Reward Rate is equal to or exceeds the Minimum Reward Yield Rate, the User continues to receive the hourly Reward Rate.

If the hourly Reward Rate falls below the hourly Minimum Reward Yield Rate, the User cannot earn rewards until the rate returns to the Minimum Reward Yield Rate level.

4.3.3. Effect of the Reward Rate on User Rewards:

If your Minimum Reward Yield Rate is above the hourly Reward Rate, you are not eligible for the Reward.

If your Minimum Reward Yield Rate is equal to the hourly Reward Reward, you may be partially eligible for the Reward.

If your Minimum Reward Yield Rate is below the hourly Reward Rate, you may be eligible for the Reward based on the hourly Reward Rate.

4.4. Any accumulation earned by the User at any given hour will be credited to the User's account within the next hour.

4.5. OKX TR reserves the right to charge a Service Fee for providing you with any part of the Service. Such Service Fee, if applied, shall be published on the OKX TR Platform, and may be modified by OKX TR, from time to time. 

4.6. OKX TR reserves the right to introduce, impose, adjust or remove any deposit or Redemption limit on amount or time period in its sole discretion, while you are using the Service. Master accounts and sub-accounts may share any limits or periods.

5. SUSPENSION OR CANCELLING OF THE SERVICE

OKX TR may suspend, cancel or terminate the Service, or your use of the Service at any time at its sole discretion. Subject to the foregoing, these conditions refer to the following situations:

a) you do not provide additional information to verify your identity or source of funds as requested by OKX TR;

b)OKX TR is required to do so by court order, to comply with Applicable Laws 

c) OKX TR is required to do so to comply

with any direction or instruction from a government body or agency;

d) OKX TR reasonably determines that any

information you have provided to OKX TR is wrong, untruthful, outdated or incomplete; or

e) you do not provide additional information

that we request to our reasonable satisfaction or in a timely manner.

6. LIABILITIES

6.1. OKX TR User Framework Agreement set out situations in which you may incur losses or liabilities and OKX TR assumes no liability. Without prejudice to those terms, those situations include:

Inability to use the Service due to failure, delay, interruption, lack of system response, delayed system response, or other abnormal circumstances;

Occurence of force major events which are unforeseeable by OKX TR and which render the performance of its obligations under this Agreement partially or wholly impossible, or unreasonably difficult in violation of the principle of good faith including but not limited to epidemics, pandemics, fire, explosion, radioactive or chemical contamination, earthquakes, volcanic eruptions, floods, storms, lightning, hurricanes, typhoons and other natural disasters; war, acts of terrorism, sabotage, civil unrest, riots, revolution, coup d’état, insurrection; decisions of public authorities; internet and network outages, cyber-attacks, telecommunications or power failures, and global developments that may cause serious disruption in blockchain ecosystems or financial markets; 

Service interruption or delay due to hacking, computer viruses, technical adjustment or failure, system updates or maintenance, technical failures in banking systems, temporary closure due to regulatory requirements, interruptions in third party services, or other such matters;

Service interruption or delay caused by the computer system being damaged, defective or unable to perform normally;

Losses due to technical problems that cannot be predicted or solved with existing technical means;

Losses due to third parties or third party services;

Losses due to changes in any Applicable Laws and regulations, or government, regulatory or law enforcement orders or recommendations.

You agree and accept that the above and any reasons may lead to abnormal transactions, Service interruptions and other possible abnormal circumstances.

6.2 You agree and accept that OKX TR shall not be liable for any losses caused by the risks described in this Agreement (including but not limited to any direct or indirect losses, actual losses or possible loss of profits), except for cases where limitation of liability is not permitted under the applicable law. 

7. TECHNOLOGY DISCLAIMERS

7.1. OKX TR may, from time to time, suspend access to your OKX TR accounts, the OKX TR Platform, the Service and/or any other OKX TR services, for both scheduled and emergency maintenance or service improvement. OKX TR will make reasonable efforts to ensure that transactions on the OKX TR Platform are processed in a timely manner, but OKX TR makes no representations or warranties regarding the amount of time needed to complete any such maintenance or improvement.

7.2. Although OKX TR makes reasonable efforts to update the information on the OKX TR Platform, OKX TR makes no representations, warranties, or guarantees, whether express or implied, that the content on the OKX TR Platform, including information in relating to the Service, is accurate, complete, or up to date.

7.3. You are responsible for obtaining the data network access necessary to use the Services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the Service, the OKX TR Platform, and any updates thereto. OKX TR does not guarantee that any of the OKX TR services, or any portion thereof, will function on any particular hardware or devices. OKX TR services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.

7.4 Despite our efforts to ensure the security of your data and transactions, the risk of unauthorized access, hacking, data loss, or other breaches cannot be completely eliminated. You acknowledge that you bear the risk of any unauthorized access to your account information and any loss of Digital Assets resulting from such security breaches.

7.5 The field of blockchain is rapidly evolving, and changes in technology may require adjustments to the Services or how you interact with the OKX TR Platform. OKX TR reserves the right to modify the technology used, the features provided, or the Service requirements based on technological advancements or regulatory changes without prior notice.

8. MISCELLANEOUS

8.1. Liability 

In addition to the limitation of liability provisions in the User Framework Agreement, the Services under this Agreement are provided to you on an “as is” basis. OKX TR disclaims any and all liability whatsoever for any loss you incur from your use of the Services.

OKX TR reserves the right, in its sole discretion,  to refuse to execute or cancel your commands, for reasons set out in procedures and agreements, for just cause, or in cases stipulated in applicable legislation, or where there is a risk of such circumstances occurring.

8.2. No Advice

We do not provide any investment advice to you in relation to the Services we make available to you.

Any materials or information that we provide to you regarding Services through our website, the Platform or any other means shall not constitute investment advice or a recommendation of the Services we make available to you. You should not rely on this when making any decisions regarding the Services.

8.3. Complaints

If you are dissatisfied or otherwise wish to complain about the Services made available to you under this Agreement, you may file a complaint through our Customer Service Support Center.

 https://tr.okx.com/tr/help 

8.4. Payments

Any payments to be made under this Agreement, including fees and taxes, are due immediately upon demand.

If you fail to make any such payment on demand, the User acknowledges and agrees that all crypto assets held by OKX TR on the User’s behalf, and all cash held in the User’s OKX TR account, shall constitute pledged collateral for the fulfilment of all present and future obligations under or in connection with this Agreement. The User further acknowledges and agrees that OKX TR may exercise its rights of lien, set-off and netting over such crypto assets and cash in respect of any existing or future claims under or related to this Agreement.

8.5. Amendment

a) This Agreement may be amended in the same manner provided for under the User Framework Agreement.

b) An amendment to this Agreement does not automatically amend any other agreement that you may have with us including the User Framework Agreement.

8.6. Termination

a) This Agreement may be terminated in the same manner provided for under the User Framework Agreement and will have the same effect as provided for under the User Framework Agreement.

b)   The termination of this Agreement does not impact any other agreement you have with us, including the User Framework Agreement. You acknowledge and agree that if this Agreement is terminated, it will not automatically terminate any other Agreement you have with us.

c) We reserve the right to terminate this Agreement in our absolute and sole discretion for any reason whatsoever.

8.7. Applicable Law

a) This Agreement is governed by the laws of the Republic of Türkiye.

b) Istanbul (Çağlayan) Courts and

enforcement offices shall have authority to settle all disputes arising out of or in connection with this Agreement.