Terms of use

  • 1. Preliminary Provisions
  • 2. Who is BLOCKBR?
  • 3. Platform
  • 4. Registration
  • 5. Login and password
  • 6. Your responsibilities
  • 7. Operations with cryptoactives and/or tokens
  • 8. Services
  • 9. Commissions due to Blockbr
  • 10. Intellectual Property Rights
  • 11. Privacy
  • 12. Platform usage restrictions and issues
  • 13. Changes to the Terms of Use
  • 14. Disclaimer
  • 15. General provisions

1. Preliminary Provisions

1.1. If you are interested in one of our products and want to use our Platform, read our Terms of use , a Privacy Policy, and know that you will only be able to use our Platform and/or services if you agree with the respective conditions, so that, by doing so, you agree with the entire content of these documents.

1.2. Individuals representing legal entities, when they are not themselves legal representatives of legal entities under the terms of their current constitutive acts, may have their authorization to access the Platform subject to the provision of authorizations by the legal entities to which they are linked.

1.3. BLOCKBR accepts registration of people aged 13 and over, according to information in accordance with the criteria and documents necessary for opening an account and carrying out Transactions on the Platform.

1.4. BLOCKBR may establish Terms of Use and Privacy Policy specific and applicable to certain products. In any case, you must accept the applicable terms and conditions.

2. Who is BLOCKBR?

2.1. We are BLOCKBR SERVICES DIGITAL LTDA ., a company registered with the CNPJ under No. 43.723.993.0001/32, and headquartered at Av. Brigadeiro Faria Lima, 4055 – Itaim Bibi, São Paulo – SP, 04538-030

3. Platform

3.1. The BLOCKBR Platform can be accessed through its website ( www.blockbr.com.br ) and/or own and third-party APIs (referred to as “Platform”). BLOCKBR is responsible for providing, maintaining, registering and releasing your access to the Platform.

3.2. BLOCKBR makes it possible, through two Platforms, to bring together users who wish to buy or sell their own cryptoactives and/or tokens that are made available and supported by the Block Br Platform, as well as the tokenization of assets, purchase and sale of these digital assets and tokens (“Cryptoactives and/or tokens”), as well as other services, offering functionalities to facilitate and secure transactions carried out by you on the Platform (“Operations”).

3.3. BLOCKBR only owns the cryptoactives and/or tokens, and the ownership is exclusive to the user.

3.4. The Cryptoactives and/or tokens object of each Operation are linked to the virtual wallet, which, through public and private keys, allows you to store, send, receive and consult the Cryptoactives and/or tokens linked to it ("Wallet") and can be viewed through the Platform.

4. Registration

4.1. To access the Platform, you must accept these Terms of Use, the Privacy Policy and register on the Platform, following the rules and conditions set out in the aforementioned documents.

4.2. Registration is performed by filling out a form, available in the "Create account" option on the Platform, and will require the provision of the following personal data and documents:

(The) if you are an individual:

(ai) the provision of active e-mail address, CPF, date of birth and other information and documents requested by Blockbr, as explained in the Privacy Policy; and (a.ii) bank account data owned by you;

(B) if you are a legal entity:

(bi) the provision of an active e-mail address, CNPJ, company incorporation document or the latest amendment to the Articles of Incorporation and other information and documents requested by Blockbr; and (b.ii) filling in the bank account details of its ownership.

4.3. You will be able to maintain only a single registration and a single account on the Platform.

4.4. Without prejudice to the conditions set forth in these Terms of Use, Blockbr, at its sole discretion, reserves the right to refuse any registration request and to suspend or block, temporarily, access or inactivate your account, without prior notice and without any lien, fine, liability or duty to indemnify, if it occurs or suspects the occurrence of any of the following cases: (i) falsehood, inaccuracy, outdated or incomplete information and documents provided by you; (ii) breach, in whole or in part, of any of the provisions of these Terms of Use, the Privacy Policy, as well as any other document or guidance published by BLOCKBR and the legislation and other applicable rules; (iii) impossibility of verifying your identity and/or finding evidence of a crime of misrepresentation; (iv) the adoption of any behavior, by you, which, at Blockbr's sole discretion, is or may at any time become incompatible with the Platform's objectives, as well as with the urbanity with other users and/or who may, in any case, cause damage to third parties to the Platform and/or the image of BLOCKBR and (v) of a request made by a competent authority.

4.5. In any event of cancellation of your account, and provided that there is no court order or competent administrative, supervisory or regulatory authority to the contrary, BLOCKBR will convert the balance in Cryptoactives and/or tokens contained in your account and the transfer of the amount in Reais then available will be carried out to the bank account of its ownership, as given by you registered on the Platform, except if the value in Reais is less than the smallest unit of value in national currency, in which case it will not be possible to completion of any transfer. The provisions mentioned herein will respect the operational limits contained in the Fees, commissions and limits page and/or in the logged area of the Platform, when available, as well as any additional information.

5. Login and password

5.1. When registering, you must create a login and password to access your account on the Platform.

5.2. The login and password are personal and non-transferable and must be kept confidential to preserve access and/or knowledge by third parties. In this sense, you must keep your smartphone, tablet and/or computer devices properly protected with antivirus tools, and you must not access your account from public computers or from public wi-fi connections and/or third-party devices, and in the latter case , if you do, you must take all precautions to make sure that there are no viruses or tools that allow or may allow the copying of the data entered in that device, being fully and exclusively responsible for the risks of such conduct and any losses and damages eventually incurred by you, BLOCKBR and/or third parties.

5.3. If you are aware or suspect that any third party has had access to your login and/or password or the occurrence of any unauthorized use or access of your account by third parties, you must immediately access the Platform and, in the "Help Center" channel, communicate the fact to BLOCKBR and, in the “Settings” menu, select the “Change Password” option, replacing it with one without any similarity to the previous one. In this case, we also recommend changing the password to access the email registered on the Platform.

6. your responsibilities

6.1. In addition to the other obligations and responsibilities assumed by you upon acceptance of these Terms of Use, you and your legal guardian(s), when applicable, are fully and exclusively responsible:

The) for Transactions carried out on the Platform using your login and password;

B) for providing and maintaining accurate, correct, accurate, true, current and complete information, exempting BLOCKBR from any responsibility in this regard;

ç) maintain the confidentiality of access data to the Platform;

d) for fully knowing the functioning of the Platform, as well as the risks involved in its use, and you must have full capacity and competence to carry out the Operations;

and) for adopting good practices in the creation of access passwords;

f) not share data with third parties, such as logins and passwords;

g) use strong passwords;

H) not use BLOCKBR's password on other websites or services, changing it periodically;

i) log out of the Platform at the end of its use;

j) avoid use on computers or publicly accessible networks; and

k) keep the operating system and antivirus updated.

6.2. In addition to the responsibilities listed above, we strongly recommend that you enable 2-step verification (2FA) to increase the security of your Operations.

7. Operations with cryptoactives and/or tokens

7.1. To carry out any Operation, you must have your registration approved by Blockbr, your account activated (by e-mail) and have accepted all the provisions of these Terms of Use and Privacy Policy.

7.2. To perform any Operation on the Platform, you must have sufficient resources in Reais or the equivalent in Cryptoactives and/or tokens in your account. BLOCKBR has minimum amounts for the sale, deposit and withdrawal of Cryptoactives and/or tokens, and it is not possible to carry out such Transactions below the minimum. These limits can be found on the Fees, Commissions and Limits link and/or in the logged area of the Platform, when available.

7.3. If you wish to buy or sell Cryptoactives and/or tokens, you must publish a purchase or sale order on the Platform, as the case may be, by filling out the form available on the Platform. Before posting your purchase or sales order, you must have, in your account, a balance in Reais (in the case of a purchase order) or in Cryptoactives and/or tokens (in the case of a sales order) sufficient to cover the offer you want to make.

7.4. You declare that you are aware that each purchase or sale order published on the Platform represents a firm purchase or sale offer, as the case may be, in accordance with the provisions of applicable legislation, according to the characteristics of the Cryptoactives and/or tokens and referenced in the respective buy or sell order. You understand and agree that upon acceptance of your purchase or sales order by another user, the transaction will be carried out automatically by the Platform and may not be undone or modified.

7.5. Once your purchase or sales order is accepted, the value in Reais (in the case of a purchase order) or in Cryptoactives and/or tokens (in the case of a sales order), will be automatically transferred by the Platform, (a) the Reais being debited from your account (in the case of purchase order) and credited to the accepting user's account and, in return, the balance in Cryptoactives and/or tokens will be transferred from the accepting user's account to your account ; or (b) the Cryptoactives and/or tokens being debited from your account (in the case of sales order) and credited to the accepting user's account and, in return, the equivalent of the balance in Reais will be transferred from the accepting user's account to the your account.

7.6. If you wish to exchange your Cryptoactives and/or tokens for other Cryptoactives and/or tokens and this exchange is supported by the Platform, you represent that your exchange offer represents two firm offers (one sale followed by automatic purchase) and you agree that the items 7.4, 7.5 and 7.6 above are applicable to the intended Cryptoactive and/or token exchange Transaction.

7.7. If you wish to cancel a published purchase order or sales order that has not yet been accepted by another user, you can do so through the Platform itself, and the original balance will be restored, either in the equivalent amount in Reais, Cryptoactives and/or tokens and tokens as per the case, in your account. Know that the offering user will be able to do the same and you will have nothing to complain to anyone.

7.8. BLOCKBR is not a party and should not be considered a party in any Transaction, nor does it become the holder of the Cryptoactives and/or tokens traded on the Platform between users, and shall be held exempt from any liability by you for the effective fulfillment of obligations assumed by you in your Operations.

7.9. You acknowledge and accept that, when carrying out Transactions, you do so at your own risk and account, recognizing BLOCKBR only as a provider of tokenization services, primary offer and availability of the Platform for trading Transactions between you and users.

7.10. You must ensure that you have correctly provided: (i) your bank details for the withdrawal of amounts in Reais and (ii) the address of your Wallet for the future removal of Cryptoactives and/or tokens from the Platform, if you want to carry out any Transaction.

7.12. You represent and warrant that you are aware that due to ignorance, technical problems, failures, slowness or any problem, processing or malfunction of the devices and networks used by you, as well as payment methods and other intermediaries, due to your fault, of the user or third parties or of acts that exceed the security domain of Blockbr, according to security measures usually employed in the market, purchase and sale orders eventually executed by you may take time to be processed and published, as well as, that such delay may cause mismatches between execution and cancellation, and that BLOCKBR is not responsible for any possible change in the quotation of Cryptoactives and/or tokens, as well as for any loss, including loss of opportunity, damage, material or immaterial, direct or indirect , or damage incurred by you as a result of these characteristics.

7.13. BLOCKBR reserves the right and exclusive discretion, without the need for any prior notice and without any burden, fine, liability or duty to indemnify, to implement limits on the use of the Platform, such as, but not limited to, the number of Transactions to be performed by you.

8. services

8.1. BLOCKBR makes the Platform available for deposit, withdrawal, trading and storage services only for the Cryptoactives and/or tokens supported by it, and is subject to change, at Blockbr's sole discretion.

8.2. BLOCKBR securely stores the private keys referring to the Cryptoactives and/or tokens deposited in the Wallets addresses of each user, through a combination of online and offline storage. Due to this configuration, chosen for the sake of user safety, there may be delays in relation to the processing of receiving Cryptoactives and/or tokens on the Wallet, crediting an account and/or sending Cryptoactives and/or tokens by the Platform, leaving BLOCKBR indemnify from any and all liability for such delay.

8.3. You acknowledge and accept that, if there is no express notice from BLOCKBR in a different sense, the Platform does not support meta coins, colored coins, parallel networks (side chains), derivatives, new protocols and cryptoactives and/or tokens arising in reason for processes known as forks, other cryptoactives and/or tokens or any other forms of digital representations of value that are not expressly listed by BLOCKBR as Cryptoactives and/or supported tokens, including, but not limited to, those that interact and/or supplement Cryptoactives and/or tokens supported by Blockbr .

8.4. You must not try to use your account on the Platform to receive, send, store or interact with cryptoactives and/or tokens not supported by Blockbr. The Platform is not configured to detect or ensure operations involving unsupported cryptoactives and/or tokens and the attempt to send, receive or improperly store such cryptoactives and/or tokens may result in full, definitive and irreversible loss of these cryptoactives and/or tokens , being BLOCKBRdesde already exempt from any responsibility in connection with these acts and any losses arising from such situations.

8.5. BLOCKBR does not own or control the blockchain protocols and networks and record the operations that govern the Cryptoactives and/or tokens supported by the Platform. Often, these Cryptoactives and/or tokens are open source and any individuals can use, copy, modify and distribute the beacon code of the Cryptoactive in question. It is noteworthy that, despite the code being open, the process for inclusion of changes in the code of the main cryptoactives and/or tokens is full of risk mitigation and governance mechanisms, and it is often requested to signal the adoption of changes proposed by different stakeholders of the protocols, such as miners, nodes ("Nodes"), wallets, cryptoactive and/or token brokers, developers, among others. In any case, BLOCKBR does not assume any responsibility for the operation, maintenance and development of these protocols, networks, Cryptoactives and/or tokens and is not able to guarantee their functionality, security or availability.

8.6. In particular, as a consequence of their open and decentralized nature, protocols are subject to abrupt changes in their operating rules (“Forks or Protocol Changes”). As a rule, when a Fork occurs, the original protocol splits into parallel networks, whichever is (i) version of the original protocol that did not adhere to the proposed changes; and (ii) version of the protocol that changed its rules and follows a new operating dynamic. Such Forks or Protocol Changes may considerably affect the value, function and/or names of Cryptoactives and/or tokens. If possible, BLOCKBR will make best efforts to publicly provide statements and positions on these events, in order to better inform its decision and that of other users to carry out any Operation with a specific Cryptoactive. It is noteworthy that BLOCKBR reserves the right to analyze the merit and form of the Fork performed, as one of the factors taken into account when deciding whether or not to support certain changes. Blockbr, in its sole discretion, may decide to support or not support one or all possible splits resulting from Forks or Protocol changes.

8.7. As a consequence of not supporting a specific Cryptoactive resulting from Forks or Protocol Changes, you will not have rights and will not have access to the balance referring to the Cryptoactive in question, if the protocol is not supported by Blockbr. It is worth noting that your rights and access will remain valid in relation to the protocol supported by Blockbr, although there are changes in relation to the original situation.

8.8. However, it is your sole and exclusive responsibility to decide how to deal with Forks or Protocol Changes, and you are aware and agree that any loss of balance arising from Forks or Protocol Changes is a risk inherent in your choice in operate in the Cryptoactives and/or tokens market. In the case of Forks or Protocol Changes, Operations on the Platform may be suspended, including without prior notice and/or estimated time for the normalization of Operations.

8.9. You acknowledge and accept the risks related to Forks or Protocol Changes and accept that BLOCKBR has no responsibility and/or duty to assist you in moving and/or selling unsupported Cryptoactive resulting from Forks or Protocol Changes processes.

8.10. You acknowledge that BLOCKBR(i) does not offer advice or investment recommendations, and declares that it understands and accepts the inherent risks associated with activities and Operations involving Cryptoactives and/or tokens, including the possibility of changing the protocols and networks that govern in relation to their current operation, as well as the risks associated with the financial results (gains or losses) arising from such Transactions; nor (ii) defines the price at which Cryptoactives and/or tokens are traded, a definition given on a market basis, according to the supply and demand of the respective Cryptoactive.

9. Commissions due to Blockbr

9.1. Registration on the Platform is free. To check the commission values and other details on fees, terms and limits, access the commissions, terms and limits tables available on the Platform through the Fees, Commissions and Limits link and/or in the logged area of the Platform, when available.

9.2. You will pay commissions to perform the following operations on the Platform:

Marketplace Platform for Tokens or Digital Assets

(a) Token issuance: when issuing a token, a commission is charged on the amount collected in the pre-offer. Thus, this commission is only charged when the closing of the total amount for the token's primary offer is completed.

Exchange Platform

(a) Withdrawal of amounts in Reais: when you make a withdrawal in Reais from the Platform, a commission is charged on the amount withdrawn. In addition, both those who sell their Cryptoactives and/or tokens through the Platform, and those who, upon depositing amounts in Reais, do not fully use them to purchase Cryptoactives and/or tokens, will pay a commission to withdraw the amounts in Reais . Thus, at the time of withdrawal, the balance in Reais will be made available, after discounting the amount of the commission.

(b) Sales order execution: your publication of an order to sell Cryptoactives and/or tokens on the Platform is free of charge. However, if this sales order is accepted, in whole or in part, by another user, you will pay the commission for the execution of that order. Thus, the balance in Reais available for withdrawal by this user will be the sale value of their Cryptoactives and/or tokens, after discounting the value of the commission provided for in this item.

(c) Purchase order execution: the publication of a purchase order for Cryptoactives and/or tokens on the Platform is free of charge. However, if this purchase order is accepted, in whole or in part, by another user, a Commission will be charged from the user who published the order. Thus, the balance in Cryptoactives and/or tokens available for withdrawal by the user who publishes a purchase order will be the amount acquired by him, after discounting the value of the commission provided for in this item and mining fees for the Cryptoactive in question.

(d) Deposit and withdrawal of Cryptoactives and/or tokens: the receipt and sending of Cryptoactives and/or tokens is subject to fees charged by the network of miners and/or validators, which may vary according to network conditions. The withdrawal fee for Cryptoactives and/or tokens will be demonstrated at the time of the Withdrawal Transaction and will be automatically deducted from the total amount of Cryptoactives and/or tokens to be sent.

9.3. By accepting these Terms of Use, you agree to pay BLOCKBR the amounts corresponding to the commissions for the services provided, as indicated in this item. BLOCKBR reserves the right to modify, increase, eliminate current commissions, or implement promotional conditions, at any time, whether on a permanent or temporary basis. Any changes in commissions will be disclosed on Blockbr's Platform, email, blog and/or official social networks.

10. Intellectual Property Rights

10.1. BLOCKBR is the sole and exclusive holder of intellectual property rights, domain names, brands, software, layout, databases, functionalities and other protected assets related to the Platform.

10.2. By accepting our Terms of Use, BLOCKBR licenses you free of charge and non-exclusively to use the Platform owned by Blockbr.

10.3. You may not reverse engineer, reproduce, communicate and distribute this software, nor allow third parties to do so, and the license hereby granted is precarious, subject to compliance with the obligations set out in these Terms of Use.

11. Privacy

11.1. All personal data provided by you for registration, as well as data relating to the Operations are stored in a secure environment in the cloud ("cloud"), in accordance with the Privacy and Personal Data Protection Policy , whose provisions form an integral part of these Terms of Use.

11.2. BLOCKBR adopts organizational measures, training and qualifying its internal staff, as well as technical measures aimed at information security, to protect personal data, against unauthorized disclosure, improper access, modification and loss or leakage of data, in an accidental or unlawful manner . BLOCKBR applies the best security practices in the treatment of personal data, such as encryption, periodic monitoring and security tests, firewall, among others, and cannot be held responsible for cyber attacks that could not be avoided by market tools or for incidents caused through the owner's fault.

12. Platform usage restrictions and issues

12.1. Access to the Platform will be available 24 hours a day, 7 days a week, provided that the Platform's services are subject, however, to scheduled interruptions for maintenance and/or testing, any delays and problems inherent to the use of technologies, software and systems .

12.2. Without prejudice to the above, technical and/or operational failures may occur that make it difficult or impossible for you to use the Platform, for any reason, including as a result of services provided by third parties and/or the protocols and network structures that govern the Cryptoactives and/or tokens, which may, for example, result in the non-performing of Transactions, any change in the quotation of Cryptoactives and/or tokens, delay in processing and executing purchase and/or sale orders executed by you and/or any mismatches between the execution and cancellation of orders.

13. Changes to the Terms of Use

13.1. BLOCKBR undertakes to revisit these Terms of Use periodically to ensure its compliance with standards that apply to the provision of services provided by Blockbr, notifying you when this occurs, through the contact information provided by you. Any changes to these Terms of Use will be effective immediately upon posting.

14. Disclaimer

14.1. In addition to the limitations already included in these Terms of Use and applicable law, BLOCKBR will not be liable for any losses, including loss of opportunity, material or immaterial damage, direct or indirect, losses, lost profits, indemnities and/or repairs of any other nature that may be incurred by you (i) as a result of any Transaction carried out or not on the Platform; (ii) for the financial results arising from these Operations, (iii) for any technical and/or operational failure or unavailability occurring on the Platform, including as a result of services provided by third parties and/or the protocols and network structures that govern the Cryptoactives and/or tokens, which may result, for example, the non-performing of Transactions, any change in the quotation of Cryptoactives and/or tokens, delay in the processing and execution of purchase and/or sale orders executed by you and/or any mismatches between the execution and cancellation of orders, pursuant to item 12, above; (iv) for the results produced as a result of any type of external influence or the installation, on the equipment used by you, of malicious software, including, but not limited to viruses, trojans, malware, worms, bots, backdoors, spyware, rootkits or any other devices that may be created as a result of your use of BLOCKBR, (v) by interfacing the Platform with any other third party software or software owned/used by you; and (vi) for events defined in applicable law as acts of God or force majeure.

14.2. In addition to the responsibilities already assumed by you in these Terms of Use and provided for in current legislation, you are responsible for (i) any and all acts or omissions performed by you from your access to the Platform; (ii) for any and all content uploaded, sent and/or transmitted to the Platform by you or through the Platform; (iii) for the repair of any and all losses and damages incurred by Blockbr, another user or any third party arising from the activity performed by you on the Platform, including, without limitation, those arising from the violation of any rights of other users or third parties , Blockbr's intellectual property rights, or the provisions of these Terms of Use and Privacy Policy

15. General provisions

15.1. These Terms of Use will be effective for an indefinite period.

15.2. To cancel your account, send us a message via [email protected] telling you the reason for your account termination and how we can improve your experience on our platform.

15.3. The updating of security protocols and the processing of procedures does not imply the recognition, tacit or express, that the protocols previously used were insufficient, but only that BLOCKBR is updating its protocols in accordance with the demand of the market and the new technologies that emerge in the field.

15.4. The tolerance of either party with respect to the requirement of regular compliance with the obligations of the other party shall not constitute a waiver, alteration, modification, of any of the rights or obligations established by means of these Terms of Use and/or the Privacy Policy

15.5. The invalidity or partial inapplicability of these Terms of Use will not affect the part not considered invalid or unenforceable.

15.6. The laws of the Federative Republic of Brazil apply to these Terms of Use, and the Court of São Paulo/SP is elected to settle any disputes that may arise in relation to these Terms of Use.

15.7. They are an integral and inseparable part of these Terms of Use and are considered incorporated herein by reference.

  1. Preliminary Provisions

1.1. If you are interested in one of our products and want to use our Platform, read our Terms of use , a Privacy Policy, and know that you will only be able to use our Platform and/or services if you agree with the respective conditions, so that, by doing so, you agree with the entire content of these documents.

1.2. Individuals representing legal entities, when they are not themselves legal representatives of legal entities under the terms of their current constitutive acts, may have their authorization to access the Platform subject to the provision of authorizations by the legal entities to which they are linked.

1.3. BLOCKBR accepts registration of people aged 13 and over, according to information in accordance with the criteria and documents necessary for opening an account and carrying out Transactions on the Platform.

1.4. BLOCKBR may establish Terms of Use and Privacy Policy specific and applicable to certain products. In any case, you must accept the applicable terms and conditions.

  1. Who is BLOCKBR?

2.1. We are BLOCKBR SERVICES DIGITAL LTDA ., a company registered with the CNPJ under No. 43.723.993.0001/32, and headquartered at Av. Brigadeiro Faria Lima, 4055 – Itaim Bibi, São Paulo – SP, 04538-030 – Brazil

  1. Platform

3.1. The BLOCKBR Platform can be accessed through its website ( www.blockbr.com.br ) and/or own and third-party APIs (referred to as “Platform”). BLOCKBR is responsible for providing, maintaining, registering and releasing your access to the Platform.

3.2. BLOCKBR makes it possible, through two Platforms, to bring together users who wish to buy or sell their own cryptoactives and/or tokens that are made available and supported by the Block Br Platform, as well as the tokenization of assets, purchase and sale of these digital assets and tokens (“Cryptoactives and/or tokens”), as well as other services, offering functionalities to facilitate and secure transactions carried out by you on the Platform (“Operations”).

3.3. BLOCKBR only owns the cryptoactives and/or tokens, and the ownership is exclusive to the user.

3.4. The Cryptoactives and/or tokens object of each Operation are linked to the virtual wallet, which, through public and private keys, allows you to store, send, receive and consult the Cryptoactives and/or tokens linked to it (“Wallet”) and can be viewed through the Platform.

  1. Registration

4.1. To access the Platform, you must accept these Terms of Use, the Privacy Policy and register on the Platform, following the rules and conditions set out in the aforementioned documents.

4.2. Registration is performed by filling out a form, available in the “Create account” option on the Platform, and will require the provision of the following personal data and documents:

(The) if you are an individual:

(ai) the provision of active e-mail address, CPF, date of birth and other information and documents requested by Blockbr, as explained in the Privacy Policy; and (a.ii) bank account data owned by you;

(B) if you are a legal entity:

(bi) the provision of an active e-mail address, CNPJ, company incorporation document or the latest amendment to the Articles of Incorporation and other information and documents requested by Blockbr; and (b.ii) filling in the bank account details of its ownership.

4.3. You will be able to maintain only a single registration and a single account on the Platform.

4.4. Without prejudice to the conditions set forth in these Terms of Use, Blockbr, at its sole discretion, reserves the right to refuse any registration request and to suspend or block, temporarily, access or inactivate your account, without prior notice and without any lien, fine, liability or duty to indemnify, if it occurs or suspects the occurrence of any of the following cases: (i) falsehood, inaccuracy, outdated or incomplete information and documents provided by you; (ii) breach, in whole or in part, of any of the provisions of these Terms of Use, the Privacy Policy, as well as any other document or guidance published by BLOCKBR and the legislation and other applicable rules; (iii) impossibility of verifying your identity and/or finding evidence of a crime of misrepresentation; (iv) the adoption of any behavior, by you, which, at Blockbr’s sole discretion, is or may at any time become incompatible with the Platform’s objectives, as well as with the urbanity with other users and/or who may, in any case, cause damage to third parties to the Platform and/or the image of BLOCKBR and (v) of a request made by a competent authority.

4.5. In any event of cancellation of your account, and provided that there is no court order or competent administrative, supervisory or regulatory authority to the contrary, BLOCKBR will convert the balance in Cryptoactives and/or tokens contained in your account and the transfer of the amount in Reais then available will be carried out to the bank account of its ownership, as given by you registered on the Platform, except if the value in Reais is less than the smallest unit of value in national currency, in which case it will not be possible to completion of any transfer. The provisions mentioned herein will respect the operational limits contained in the Fees, commissions and limits page and/or in the logged area of the Platform, when available, as well as any additional information.

  1. Login and password

5.1. When registering, you must create a login and password to access your account on the Platform.

5.2. The login and password are personal and non-transferable and must be kept confidential to preserve access and/or knowledge by third parties. In this sense, you must keep your smartphone, tablet and/or computer devices properly protected with antivirus tools, and you must not access your account from public computers or from public wi-fi connections and/or third-party devices, and in the latter case , if you do, you must take all precautions to make sure that there are no viruses or tools that allow or may allow the copying of the data entered in that device, being fully and exclusively responsible for the risks of such conduct and any losses and damages eventually incurred by you, BLOCKBR and/or third parties.

5.3. If you are aware or suspect that any third party has had access to your login and/or password or the occurrence of any unauthorized use or access of your account by third parties, you must immediately access the Platform and, in the “Help Center” channel, communicate the fact to BLOCKBR and, in the “Settings” menu, select the “Change Password” option, replacing it with one without any similarity to the previous one. In this case, we also recommend changing the password to access the email registered on the Platform.

  1. your responsibilities

6.1. In addition to the other obligations and responsibilities assumed by you upon acceptance of these Terms of Use, you and your legal guardian(s), when applicable, are fully and exclusively responsible:

The) for Transactions carried out on the Platform using your login and password;

B) for providing and maintaining accurate, correct, accurate, true, current and complete information, exempting BLOCKBR from any responsibility in this regard;

ç) maintain the confidentiality of access data to the Platform;

d) for fully knowing the functioning of the Platform, as well as the risks involved in its use, and you must have full capacity and competence to carry out the Operations;

and) for adopting good practices in the creation of access passwords;

f) not share data with third parties, such as logins and passwords;

g) use strong passwords;

H) not use BLOCKBR’s password on other websites or services, changing it periodically;

i) log out of the Platform at the end of its use;

j) avoid use on computers or publicly accessible networks; and

k) keep the operating system and antivirus updated.

6.2. In addition to the responsibilities listed above, we strongly recommend that you enable 2-step verification (2FA) to increase the security of your Operations.

  1. Operations with cryptoactives and/or tokens

7.1. To carry out any Operation, you must have your registration approved by Blockbr, your account activated (by e-mail) and have accepted all the provisions of these Terms of Use and Privacy Policy.

7.2. To perform any Operation on the Platform, you must have sufficient resources in Reais or the equivalent in Cryptoactives and/or tokens in your account. BLOCKBR has minimum amounts for the sale, deposit and withdrawal of Cryptoactives and/or tokens, and it is not possible to carry out such Transactions below the minimum. These limits can be found on the Fees, Commissions and Limits link and/or in the logged area of the Platform, when available.

7.3. If you wish to buy or sell Cryptoactives and/or tokens, you must publish a purchase or sale order on the Platform, as the case may be, by filling out the form available on the Platform. Before posting your purchase or sales order, you must have, in your account, a balance in Reais (in the case of a purchase order) or in Cryptoactives and/or tokens (in the case of a sales order) sufficient to cover the offer you want to make.

7.4. You declare that you are aware that each purchase or sale order published on the Platform represents a firm purchase or sale offer, as the case may be, in accordance with the provisions of applicable legislation, according to the characteristics of the Cryptoactives and/or tokens and referenced in the respective buy or sell order. You understand and agree that upon acceptance of your purchase or sales order by another user, the transaction will be carried out automatically by the Platform and may not be undone or modified.

7.5. Once your purchase or sales order is accepted, the value in Reais (in the case of a purchase order) or in Cryptoactives and/or tokens (in the case of a sales order), will be automatically transferred by the Platform, (a) the Reais being debited from your account (in the case of purchase order) and credited to the accepting user’s account and, in return, the balance in Cryptoactives and/or tokens will be transferred from the accepting user’s account to your account ; or (b) the Cryptoactives and/or tokens being debited from your account (in the case of sales order) and credited to the accepting user’s account and, in return, the equivalent of the balance in Reais will be transferred from the accepting user’s account to the your account.

7.6. If you wish to exchange your Cryptoactives and/or tokens for other Cryptoactives and/or tokens and this exchange is supported by the Platform, you represent that your exchange offer represents two firm offers (one sale followed by automatic purchase) and you agree that the items 7.4, 7.5 and 7.6 above are applicable to the intended Cryptoactive and/or token exchange Transaction.

7.7. If you wish to cancel a published purchase order or sales order that has not yet been accepted by another user, you can do so through the Platform itself, and the original balance will be restored, either in the equivalent amount in Reais, Cryptoactives and/or tokens and tokens as per the case, in your account. Know that the offering user will be able to do the same and you will have nothing to complain to anyone.

7.8. BLOCKBR is not a party and should not be considered a party in any Transaction, nor does it become the holder of the Cryptoactives and/or tokens traded on the Platform between users, and shall be held exempt from any liability by you for the effective fulfillment of obligations assumed by you in your Operations.

7.9. You acknowledge and accept that, when carrying out Transactions, you do so at your own risk and account, recognizing BLOCKBR only as a provider of tokenization services, primary offer and availability of the Platform for trading Transactions between you and users.

7.10. You must ensure that you have correctly provided: (i) your bank details for the withdrawal of amounts in Reais and (ii) the address of your Wallet for the future removal of Cryptoactives and/or tokens from the Platform, if you want to carry out any Transaction.

7.12. You represent and warrant that you are aware that due to ignorance, technical problems, failures, slowness or any problem, processing or malfunction of the devices and networks used by you, as well as payment methods and other intermediaries, due to your fault, of the user or third parties or of acts that exceed the security domain of Blockbr, according to security measures usually employed in the market, purchase and sale orders eventually executed by you may take time to be processed and published, as well as, that such delay may cause mismatches between execution and cancellation, and that BLOCKBR is not responsible for any possible change in the quotation of Cryptoactives and/or tokens, as well as for any loss, including loss of opportunity, damage, material or immaterial, direct or indirect , or damage incurred by you as a result of these characteristics.

7.13. BLOCKBR reserves the right and exclusive discretion, without the need for any prior notice and without any burden, fine, liability or duty to indemnify, to implement limits on the use of the Platform, such as, but not limited to, the number of Transactions to be performed by you.

  1. services

8.1. BLOCKBR makes the Platform available for deposit, withdrawal, trading and storage services only for the Cryptoactives and/or tokens supported by it, and is subject to change, at Blockbr’s sole discretion.

8.2. BLOCKBR securely stores the private keys referring to the Cryptoactives and/or tokens deposited in the Wallets addresses of each user, through a combination of online and offline storage. Due to this configuration, chosen for the sake of user safety, there may be delays in relation to the processing of receiving Cryptoactives and/or tokens on the Wallet, crediting an account and/or sending Cryptoactives and/or tokens by the Platform, leaving BLOCKBR indemnify from any and all liability for such delay.

8.3. You acknowledge and accept that, if there is no express notice from BLOCKBR in a different sense, the Platform does not support meta coins, colored coins, parallel networks (side chains), derivatives, new protocols and cryptoactives and/or tokens arising in reason for processes known as forks, other cryptoactives and/or tokens or any other forms of digital representations of value that are not expressly listed by BLOCKBR as Cryptoactives and/or supported tokens, including, but not limited to, those that interact and/or supplement Cryptoactives and/or tokens supported by Blockbr .

8.4. You must not try to use your account on the Platform to receive, send, store or interact with cryptoactives and/or tokens not supported by Blockbr. The Platform is not configured to detect or ensure operations involving unsupported cryptoactives and/or tokens and the attempt to send, receive or improperly store such cryptoactives and/or tokens may result in full, definitive and irreversible loss of these cryptoactives and/or tokens , being BLOCKBRdesde already exempt from any responsibility in connection with these acts and any losses arising from such situations.

8.5. BLOCKBR does not own or control the blockchain protocols and networks and record the operations that govern the Cryptoactives and/or tokens supported by the Platform. Often, these Cryptoactives and/or tokens are open source and any individuals can use, copy, modify and distribute the beacon code of the Cryptoactive in question. It is noteworthy that, despite the code being open, the process for inclusion of changes in the code of the main cryptoactives and/or tokens is full of risk mitigation and governance mechanisms, and it is often requested to signal the adoption of changes proposed by different stakeholders of the protocols, such as miners, nodes (“Nodes”), wallets, cryptoactive and/or token brokers, developers, among others. In any case, BLOCKBR does not assume any responsibility for the operation, maintenance and development of these protocols, networks, Cryptoactives and/or tokens and is not able to guarantee their functionality, security or availability.

8.6. In particular, as a consequence of their open and decentralized nature, protocols are subject to abrupt changes in their operating rules (“Forks or Protocol Changes”). As a rule, when a Fork occurs, the original protocol splits into parallel networks, whichever is (i) version of the original protocol that did not adhere to the proposed changes; and (ii) version of the protocol that changed its rules and follows a new operating dynamic. Such Forks or Protocol Changes may considerably affect the value, function and/or names of Cryptoactives and/or tokens. If possible, BLOCKBR will make best efforts to publicly provide statements and positions on these events, in order to better inform its decision and that of other users to carry out any Operation with a specific Cryptoactive. It is noteworthy that BLOCKBR reserves the right to analyze the merit and form of the Fork performed, as one of the factors taken into account when deciding whether or not to support certain changes. Blockbr, in its sole discretion, may decide to support or not support one or all possible splits resulting from Forks or Protocol changes.

8.7. As a consequence of not supporting a specific Cryptoactive resulting from Forks or Protocol Changes, you will not have rights and will not have access to the balance referring to the Cryptoactive in question, if the protocol is not supported by Blockbr. It is worth noting that your rights and access will remain valid in relation to the protocol supported by Blockbr, although there are changes in relation to the original situation.

8.8. However, it is your sole and exclusive responsibility to decide how to deal with Forks or Protocol Changes, and you are aware and agree that any loss of balance arising from Forks or Protocol Changes is a risk inherent in your choice in operate in the Cryptoactives and/or tokens market. In the case of Forks or Protocol Changes, Operations on the Platform may be suspended, including without prior notice and/or estimated time for the normalization of Operations.

8.9. You acknowledge and accept the risks related to Forks or Protocol Changes and accept that BLOCKBR has no responsibility and/or duty to assist you in moving and/or selling unsupported Cryptoactive resulting from Forks or Protocol Changes processes.

8.10. You acknowledge that BLOCKBR(i) does not offer advice or investment recommendations, and declares that it understands and accepts the inherent risks associated with activities and Operations involving Cryptoactives and/or tokens, including the possibility of changing the protocols and networks that govern in relation to their current operation, as well as the risks associated with the financial results (gains or losses) arising from such Transactions; nor (ii) defines the price at which Cryptoactives and/or tokens are traded, a definition given on a market basis, according to the supply and demand of the respective Cryptoactive.

  1. Commissions due to Blockbr

9.1. Registration on the Platform is free. To check the commission values and other details on fees, terms and limits, access the commissions, terms and limits tables available on the Platform through the Fees, Commissions and Limits link and/or in the logged area of the Platform, when available.

9.2. You will pay commissions to perform the following operations on the Platform:

Marketplace Platform for Tokens or Digital Assets

(a) Token issuance: when issuing a token, a commission is charged on the amount collected in the pre-offer. Thus, this commission is only charged when the closing of the total amount for the token’s primary offer is completed.

Exchange Platform

(a) Withdrawal of amounts in Reais: when you make a withdrawal in Reais from the Platform, a commission is charged on the amount withdrawn. In addition, both those who sell their Cryptoactives and/or tokens through the Platform, and those who, upon depositing amounts in Reais, do not fully use them to purchase Cryptoactives and/or tokens, will pay a commission to withdraw the amounts in Reais . Thus, at the time of withdrawal, the balance in Reais will be made available, after discounting the amount of the commission.

(b) Sales order execution: your publication of an order to sell Cryptoactives and/or tokens on the Platform is free of charge. However, if this sales order is accepted, in whole or in part, by another user, you will pay the commission for the execution of that order. Thus, the balance in Reais available for withdrawal by this user will be the sale value of their Cryptoactives and/or tokens, after discounting the value of the commission provided for in this item.

(c) Purchase order execution: the publication of a purchase order for Cryptoactives and/or tokens on the Platform is free of charge. However, if this purchase order is accepted, in whole or in part, by another user, a Commission will be charged from the user who published the order. Thus, the balance in Cryptoactives and/or tokens available for withdrawal by the user who publishes a purchase order will be the amount acquired by him, after discounting the value of the commission provided for in this item and mining fees for the Cryptoactive in question.

(d) Deposit, payments and withdrawal of Cryptoactives or tokens: the receipt and sending of Cryptoactives and/or tokens is subject to fees charged by the network of miners and/or validators, which may vary according to network conditions. The withdrawal fee for Cryptoactives and/or tokens will be demonstrated at the time of the Withdrawal Transaction and will be automatically deducted from the total amount of Cryptoactives and/or tokens to be sent.

9.3. By accepting these Terms of Use, you agree to pay BLOCKBR the amounts corresponding to the commissions for the services provided, as indicated in this item. BLOCKBR reserves the right to modify, increase, eliminate current commissions, or implement promotional conditions, at any time, whether on a permanent or temporary basis. Any changes in commissions will be disclosed on Blockbr’s Platform, email, blog and/or official social networks.

  1. Intellectual Property Rights

10.1. BLOCKBR is the sole and exclusive holder of intellectual property rights, domain names, brands, software, layout, databases, functionalities and other protected assets related to the Platform.

10.2. By accepting our Terms of Use, BLOCKBR licenses you free of charge and non-exclusively to use the Platform owned by Blockbr.

10.3. You may not reverse engineer, reproduce, communicate and distribute this software, nor allow third parties to do so, and the license hereby granted is precarious, subject to compliance with the obligations set out in these Terms of Use.

  1. Privacy

11.1. All personal data provided by you for registration, as well as data relating to the Operations are stored in a secure environment in the cloud (“cloud”), in accordance with the Privacy and Personal Data Protection Policy , whose provisions form an integral part of these Terms of Use.

11.2. BLOCKBR adopts organizational measures, training and qualifying its internal staff, as well as technical measures aimed at information security, to protect personal data, against unauthorized disclosure, improper access, modification and loss or leakage of data, in an accidental or unlawful manner . BLOCKBR applies the best security practices in the treatment of personal data, such as encryption, periodic monitoring and security tests, firewall, among others, and cannot be held responsible for cyber attacks that could not be avoided by market tools or for incidents caused through the owner’s fault.

  1. Platform usage restrictions and issues

12.1. Access to the Platform will be available 24 hours a day, 7 days a week, provided that the Platform’s services are subject, however, to scheduled interruptions for maintenance and/or testing, any delays and problems inherent to the use of technologies, software and systems .

12.2. Without prejudice to the above, technical and/or operational failures may occur that make it difficult or impossible for you to use the Platform, for any reason, including as a result of services provided by third parties and/or the protocols and network structures that govern the Cryptoactives and/or tokens, which may, for example, result in the non-performing of Transactions, any change in the quotation of Cryptoactives and/or tokens, delay in processing and executing purchase and/or sale orders executed by you and/or any mismatches between the execution and cancellation of orders.

  1. Changes to the Terms of Use

13.1. BLOCKBR undertakes to revisit these Terms of Use periodically to ensure its compliance with standards that apply to the provision of services provided by Blockbr, notifying you when this occurs, through the contact information provided by you. Any changes to these Terms of Use will be effective immediately upon posting.

  1. Disclaimer

14.1. In addition to the limitations already included in these Terms of Use and applicable law, BLOCKBR will not be liable for any losses, including loss of opportunity, material or immaterial damage, direct or indirect, losses, lost profits, indemnities and/or repairs of any other nature that may be incurred by you (i) as a result of any Transaction carried out or not on the Platform; (ii) for the financial results arising from these Operations, (iii) for any technical and/or operational failure or unavailability occurring on the Platform, including as a result of services provided by third parties and/or the protocols and network structures that govern the Cryptoactives and/or tokens, which may result, for example, the non-performing of Transactions, any change in the quotation of Cryptoactives and/or tokens, delay in the processing and execution of purchase and/or sale orders executed by you and/or any mismatches between the execution and cancellation of orders, pursuant to item 12, above; (iv) for the results produced as a result of any type of external influence or the installation, on the equipment used by you, of malicious software, including, but not limited to viruses, trojans, malware, worms, bots, backdoors, spyware, rootkits or any other devices that may be created as a result of your use of BLOCKBR, (v) by interfacing the Platform with any other third party software or software owned/used by you; and (vi) for events defined in applicable law as acts of God or force majeure.

14.2. In addition to the responsibilities already assumed by you in these Terms of Use and provided for in current legislation, you are responsible for (i) any and all acts or omissions performed by you from your access to the Platform; (ii) for any and all content uploaded, sent and/or transmitted to the Platform by you or through the Platform; (iii) for the repair of any and all losses and damages incurred by Blockbr, another user or any third party arising from the activity performed by you on the Platform, including, without limitation, those arising from the violation of any rights of other users or third parties , Blockbr’s intellectual property rights, or the provisions of these Terms of Use and Privacy Policy

  1. General provisions.

15.1. These Terms of Use will be effective for an indefinite period.

15.2. To cancel your account, send us a message via [email protected] telling you the reason for your account termination and how we can improve your experience on our platform.

15.3. The updating of security protocols and the processing of procedures does not imply the recognition, tacit or express, that the protocols previously used were insufficient, but only that BLOCKBR is updating its protocols in accordance with the demand of the market and the new technologies that emerge in the field.

15.4. The tolerance of either party with respect to the requirement of regular compliance with the obligations of the other party shall not constitute a waiver, alteration, modification, of any of the rights or obligations established by means of these Terms of Use and/or the Privacy Policy

15.5. The invalidity or partial inapplicability of these Terms of Use will not affect the part not considered invalid or unenforceable.

15.6. The laws of the Federative Republic of Brazil apply to these Terms of Use, and the Court of São Paulo/SP is elected to settle any disputes that may arise in relation to these Terms of Use.

15.7. The following are integral and inseparable parts of these Terms of Use and are considered incorporated by reference:

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Welcome to the present and future of money. Make your pre-registration and you will soon receive an invitation to open an account and access the best investment offers.

Welcome to the present and future of money. Make your pre-registration and you will soon receive an invitation to open an account and access the best investment offers.