Terms of Use

(1) Acceptance of Terms of Use
By using the Leondrino Platform (located at the domains www.Leondrino.com, www.Leondrino.de, www.Leondrino.exchange and including the subdomains wallet.Leondrino.com, trade.Leondrino.com, exchange.Leondrino.com), the Leondrino Network, the LEONDRINO API, and any associated LEONDRINO-hosted websites or mobile applications (collectively the “LEONDRINO Website”), and any of the services provided to you by LEONDRINO (together with the LEONDRINO Website, the “LEONDRINO Services”) or signing up to use a Leondrino User Account (hereinafter “Account”), you (“you, your, or yourself”) are agreeing to accept and comply with the terms and conditions of use stated below (hereinafter “Terms”). You should read the entire Terms carefully before you use the LEONDRINO Website or any of the LEONDRINO Services.

As used in these Terms, “LEONDRINO” refers to the company Leondrino Inc. and its licensee for Germany, the Leondra GmbH (LEONDRA), including, without limitation, its owners, directors, investors, employees or other related parties. Depending upon the context, “LEONDRINO” may also refer to the services, products, website, content or other materials (collectively, “LEONDRINO Services”) provided by Leondrino through the LEONDRINO Website.

The Leondrino plans for the LEONDRINO Services to include the issuance and administration of private branded currencies (hereinafter “Leondrino” or “Leondrino Currencies”) and associated services like trading Leondrino and Leondrino Vouchers respectively.

The planned LEONDRINO Services will allow buyers (hereinafter “Buyers”) and sellers (hereinafter “Sellers”), to buy and sell Leondrino and earn Bonus Leondrino Vouchers. For now, the LEONDRINO Services allow all registered users of the LEONDRINO Services (hereinafter “Members”) to:

  • Open a Leondrino Wallet
  • Hold Leondrino Vouchers
  • Activate Leondrino Vouchers
  • Use Leondrino Vouchers for purchasing goods (if applicable)
  • Trade Leondrino Vouchers (up to a defined limit of trade volume per year and/or total amount per person)

The planned future LEONDRINO Services will include the following (after Leondrino is a licensed issuer and administrator of Leondrino Currencies)

  • Convert Leondrino Vouchers into Leondrino Currencies
  • Hold Leondrino
  • Buy Leondrino
  • Sell Leondrino
  • Transfer Leondrino to other Members or other users of Leondrino outside LEONDRINO Website
  • Use Leondrino for purchasing goods
  • Trade Leondrino
  • Access and use the extended LEONDRINO Eco-System beyond Leondrino Wallet

Depending on your country of residence, you may not be able to use all the functions of the LEONDRINO Website. It is your responsibility to follow those rules and laws in your country of residence and/or country from which you access the LEONDRINO Services. As long as you agree to and comply with these Terms, Leondrino grants to you a personal, non-exclusive, non-transferable, non-sublicensable and limited right to enter and use LEONDRINO Services.

If you do not accept the Terms and Conditions outlined herein, do not access the LEONDRINO Website and do not use the LEONDRINO Services.

(2) Eligibility
By accessing or using the LEONDRINO Services associated to Leondrino Vouchers, you expressly represent and warrant:

(1)   You have accepted these Terms;
(2)   You are at least 14 years of age and have the full capacity accept these Terms and enter into a transaction involving Leondrino Vouchers; and
(3)   You will not use the LEONDRINO Services if the laws of your country prohibit you from doing so in accordance with these Terms.

By signing up to use the Leondrino Account and accessing or using the LEONDRINO Services associated to Leondrino Currencies, you expressly represent and warrant that:

(4)   You have accepted these Terms;
(5)   You are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction involving Leondrino Currencies;
(6)   You are not located in, under the control of, or a national or resident of any country to which the United States has embargoed goods or services;
(7)   You are not identified as a “Specially Designated National”;
(8)   You are not placed on the Commerce Department’s “Denied Persons” List; and
(9)   You will not use the LEONDRINO Services if the laws of your country prohibit you from doing so in accordance with these Terms.

(3) Leondrino Digital Currency Services for Members
The following “Leondrino Digital Currency Services” which are a subset of the Leondrino Services are provided to members by Leondra GmbH – the licensee of Leondrino operating in Germany under German legislation:

  • A hosted Leondrino Wallet enabling you to store, track and manage your balances of Leondrino, currently only Leondrino of token classes E, D and C (“Leondrino”), and one or more hosted Leondrino wallets enabling you to store, track, manage and transfer external digital currencies, currently only Ethereum (“External Digital Currency“);
  • A service to purchase tokens, based on the Leondrino Lifecycle and its policies, during initial token or coin offerings from companies (“Leondrino Primary Market Service”);
  • A Restricted Exchange Service enabling you to obtain prices for your purchases and sales of Leondrino (“Leondrino Restricted Exchange“);
  • A Restricted Leondrino Conversion Service enabling you to buy and sell Leondrino of token class C (which are eligible for restricted trade) for External Digital Currencies via Leondra GmbH (“Leondrino Restricted Conversion Services“).

(4) Limitations for Leondrino Digital Currency Services
Currently, Leondrino Digital Currency Services are only offered for Leondrino token classes E, D and C by Leondra GmbH as German licensee of the Leondrino (also called Leondrino Germany). The general description of the Leondrino token classes and its restrictions regarding frequency and volume of transactions can be found in the FAQ section on the Leondrino Website.

Leondrino Restricted Exchange and Leondrino Restricted Conversion Services are only offered for Token Class C Leondrino of companies that completed their Leondrino ICO and that are eligible for this service. One major criterion for the eligibility is that the associated company is able to offer products & services in exchange for its Leondrino.

Leondra GmbH is in preparation to apply for a multilateral trading facility and its associated licenses in Germany. As long as Leondra GmbH is not licensed, it applies necessary restrictions regarding transfer, trade, volume and frequency of Leondrino transactions.

(5) Risks of Using LEONDRINO Services
Initially Leondrino Vouchers are distributed without any obligation of Leondrino to take them back for compensation. As soon as the trading of Leondrino Vouchers and/or Leondrino Currencies is permitted for selected brands, a price will be built based on supply and demand.

The trading of goods and products, real or virtual, as well as virtual currencies, involves significant risk.

Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency – virtual or not – may be subject to large swings in value and may even become nearly worthless when the corporation owning the related brand of the currency ceases to exist. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.

Leondrino Currency trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, Leondrino Currencies are a unique kind of virtual currency, whose value is related to the current and future business of the associated brand – and trust. Leondrino through its organizational unit Autonomia can take corrective action to meet the goals of the monetary policy of a Leondrino currency by influencing the supply of the currency. The monetary policy actions will follow rules to meet the goal of keeping the price volatility within in a limited bandwidth. The goals will be defined by the monetary policy of a Leondrino Currency and will be made transparent to the market.

Leondrino will not issue Leondrino Currencies and will not allow trading of Leondrino Currencies until it has received a license to issue and administer Leondrino Currencies as a virtual currency from the New York State Department of Financial Services.  Regardless of whether a Member is a resident or present in New York State, each Member must abide by these Terms. Before Leondrino Vouchers can be converted to Leondrino Currencies, the Leondrino will provide Members with the terms and conditions governing such conversions.

Trading of Leondrino Currencies may be susceptible to irrational (or rational) bubbles or loss of confidence, which could materially reduce demand relative to supply. For example, demand for a Leondrino Currency may significantly decrease relative to supply because of unexpected changes imposed by a government action, civil unrest, Acts of God, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also be eroded because of technical problems: if money and or Leondrino Currencies and or Leondrino Vouchers are lost or stolen, or if hackers or governments are able to prevent any transactions from settling.

There may be additional risks that we have not foreseen or identified in our Terms.

You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Leondrino Currencies and consult with your own financial, accounting, tax and legal advisers.

We use our banking providers to receive client funds and make payments denominated in government-issued currencies. Currently, our banking providers DO NOT transfer Leondrino Currencies, exchange Leondrino Currencies, or provide any services in connection with Leondrino Currencies.

(6) Copyright and Limited Right of Use
Unless otherwise specified, all Materials on the LEONDRINO Website and used for LEONDRINO Services are the property of Leondrino and are protected by copyright, trademark, and other applicable laws. You may view, print and/or download a copy of the Materials from the LEONDRINO Website on any single computer solely for your personal, informational, non-commercial use, provided you keep intact all copyright and other proprietary notices.

The trademarks, service marks and logos of Leondrino and others used on the LEONDRINO Website and in the LEONDRINO Services (“Trademarks”) are the property of Leondrino or others. The software, text, images, graphics, data, prices, trades, charts, graphs, video, and audio used on the LEONDRINO Website and in the LEONDRINO Services belong to Leondrino. The Trademarks and Material should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected, or distributed in any form or by any means, whether manual or automated. The use of any such Materials on any other Site or networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may also violate applicable laws, including, without limitation, copyright and trademark laws and applicable communications regulations and statutes and may result in criminal or civil penalties.

(7) Sign-Up and Maintaining your Account
The LEONDRINO Services are for your personal use only. Currently, the LEONDRINO Services are restricted to non-commercial usage.

We are vigilant in maintaining the security of the LEONDRINO Website and the LEONDRINO Services. By signing up with us, you agree to provide Leondrino with current, accurate, and complete information about yourself as prompted by the registration process, and to keep such information updated. You further agree that you will not use any Account other than your own or access the Account of any other Member at any time, or assist others in obtaining unauthorized access.

The creation or use of Accounts without obtaining the prior express permission from Leondrino will result in the immediate suspension of all said Accounts, as well as all pending purchase/sale offers. Any attempt to do so or to assist others (Members or otherwise), or the distribution of instructions, software, or tools for that purpose, will result in the Accounts of such Members being terminated. Termination is not the exclusive remedy for such a violation, and Leondrino may elect to take further action against you.

You also are responsible for maintaining the confidentiality of your Account information, including your password, safeguarding your own Leondrino Vouchers and Leondrino Currencies, and for all activity including Transactions that are posted to your Account. If there is suspicious activity related to your Account, we may, but are not obligated, to request additional information from you, including authenticating documents, and to freeze any transactions pending our review. You are obligated to comply with these security requests or accept termination of your Account. You are required to notify Leondrino immediately of any unauthorized use of your Account or password, or any other breach of security by email addressed to support@Leondrino.com. Any Member who violates these rules may be terminated, and thereafter held liable for losses incurred by Leondrino or any user of the LEONDRINO Services.

Leondrino similarly reserves the right to freeze Leondrino accounts. The individual freeze is intended primarily for complying with regulatory requirements, which may vary from one jurisdiction to another. These features allow Leondrino to better operate in compliance of laws and regulations.

Finally, you agree that you will not use the Service to conduct criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking.

(8) Termination and Escheatment of Unverified Accounts
You may terminate this agreement with Leondrino, and close your Account at any time, following settlement of any pending transactions.

You also agree that Leondrino may, by giving notice, in its sole discretion terminate your access to the LEONDRINO Website and to your Account, including without limitation, our right to: limit, suspend or terminate the service and Members’ Accounts, prohibit access to the LEONDRINO Website and its content, LEONDRINO Services and tools, delay or remove hosted content, and take technical and legal steps to keep Members off the LEONDRINO Services, if we think that they are creating problems or possible legal liabilities, infringing the intellectual property rights of third parties, or acting inconsistently with the letter or spirit of these Terms.

(1)   Additionally, we may, in appropriate circumstances and at our discretion, suspend or terminate Accounts of Members for any reason, including without limitation:

(a)  attempts to gain unauthorized access to the LEONDRINO Website or another Member’s account or providing assistance to others’ attempting to do so;

(b)  overcoming software security features limiting use of or protecting any content;

(c)  usage of the LEONDRINO Services to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities;

(d)  violations of these Terms;

(e)  failure to pay or fraudulent payment for Transactions;

(f)   unexpected operational difficulties; or

(g)  upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by Leondrino, acting in its sole discretion.

(2)   In connection with your use of the LEONDRINO Services, and your interactions with other users, and third parties you will not:

(a)  Violate or assist any party in violating any law, statute, ordinance, regulation or any rule of any self-regulatory or similar organization of which you are or are required to be a member (for example, those laws, rules, or regulations governing financial services, controlled substances, unlawful gambling or consumer protections);

(b)  Partake in a transaction which involves the proceeds of any unlawful activity;

(c)  Defraud or attempt to defraud Leondrino or other LEONDRINO Services users;

(d)  Infringe upon Leondrino’s or any third party’s copyright, patent, trademark, or intellectual property rights;

(e)  Provide false, inaccurate or misleading information;

(f)  Take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information;

(g)  Interfere with another individual’s or entity’s access to or use of any of the LEONDRINO Services;

(h)  Defame, abuse, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of others;

(i)  Publish, distribute or disseminate any unlawful material or information;

(j)  Transmit or upload any material to the LEONDRINO Website that contains viruses, Trojan horses, worms, or any other harmful or deleterious programs;

(k)  Harvest or otherwise collect information from the LEONDRINO Website about others, including without limitation email addresses, without proper consent;

(l)  Act as a payment intermediary or aggregator or otherwise resell any of the LEONDRINO Services, unless expressly authorized by Leondrino in writing;

(m)  Transfer any rights granted to you under this Agreement;

(n)  Use the Leondrino Account information of another party to access or use the LEONDRINO Website, except in the case of specific third parties like partners or merchants and/or applications which are specifically authorized by a user to access such user’s Leondrino Account and information;

(o)  Otherwise attempt to gain unauthorized access to the LEONDRINO Website, other Leondrino Accounts, computer systems or networks connected to the LEONDRINO Website, through password mining or any other means; or

(p)  Engage in transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the law.

We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request.

We expressly reserve the right to cancel and/or terminate Accounts that have not been verified by the Client despite our good faith efforts to contact you seeking such verification (“Unverified Accounts”). This right includes that all Unverified Accounts which have been inactive for a period of 36 months or more without holding Leondrino Currencies or cash might be terminated.

All Unverified Accounts which have been inactive for a period of 36 months or more holding cash or Leondrino Currencies will be liquidated to cash and the remaining balance net of any applicable fees and charges will be escheated to New York State by being transferred to the New York State Office of the Comptroller pursuant to New York Abandoned Property Law.

The suspension of an Account shall not affect the payment of the commissions due for past Transactions. Upon termination, Members shall communicate a valid bank account to allow for the transfer of any currencies credited to their account. Said bank account shall be held by the Member. Leondrino may be transferred to a valid bank account only after conversion into a government-issued currency (“fiat currency”). Leondrino shall transfer the currencies as soon as possible following the Member’s request in the timeframes specified by Leondrino.

Leondrino will send to you the credit balance of your Account, however in circumstances a number of intermediaries may be involved in an international payment and these or the beneficiary bank may deduct charges. We will use reasonable efforts to ensure that such charges are disclosed to you prior to sending your payment, however where they cannot be avoided, you acknowledge that these charges cannot always be calculated in advance, and that you agree to be responsible for such charges.

(9) Privacy Policy / AML Policy
Protecting your privacy is very important to Leondrino. Please review our Privacy Policy and AML Policy (see FAQ pages Section Policies), which are hereby incorporated by reference into these Terms, in order to better understand our commitment to maintaining your privacy, as well as our use and disclosure of your information.

(10) Consent to Electronic Records
By using the LEONDRINO Services, you agree that Leondrino may provide you with any notices or other communications about your Leondrino Account and the LEONDRINO Services electronically:

(1)   via email (in each case to the address that you provide), SMS message, or telephone call (in each case to the phone number that you provide), or

(2)   by posting to the LEONDRINO Website. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. If you do not wish to receive notices or other communications electronically, we will be unable to support your Leondrino Account and your Leondrino Account will be cancelled in accordance with Section 6.

(11) Email
Email messages sent over the Internet are not secure and Leondrino is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats; you are welcome to send PGP encrypted emails to us. The instructions and keys to do so are available upon request.

(12) Computer Viruses
We shall not bear any liability, whatsoever, for any damage or interruptions caused by any computer viruses, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. We advise the regular use of a reputable and readily available virus screening and prevention software. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from Leondrino. Always log into your Leondrino Account through the LEONDRINO Website to review any transactions or required actions if you have any uncertainty regarding the authenticity of any communication or notice.

(13) Availability of Services
All services are provided “as is” and “as available” basis without representation or warranty of any kind, either express or implied. We do not represent that the LEONDRINO Services will be available 100% of the time to meet your needs. We will strive to provide you with the LEONDRINO Services as soon as possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.

We will use reasonable endeavors to ensure that the LEONDRINO Website can normally be accessed by you in accordance with these Terms. We may suspend use of the LEONDRINO Website for maintenance and will make reasonable efforts to give you notice. You acknowledge that this may not be possible in an emergency.

(14) APIs and Widgets
We may provide access to certain parties to access specific data and information through our Application Programming Interface (hereinafter “LEONDRINO API”) or through widgets. We also may provide widgets for your use to put our data on your site. You are free to use these in their original unmodified and un-altered state.

Any person or entity who uses our LEONDRINO API must comply with these Terms and/or any other conditions as Leondrino may put into place in its sole discretion from time to time. The LEONDRINO API is owned by Leondrino and is licensed to LEONDRINO API users on a non-exclusive, non-sublicensable basis.

(15) External Websites
Leondrino makes no representations whatsoever about any outside or third-party website which you may access through the LEONDRINO Services. Occasionally, the LEONDRINO Website may provide references or links to other websites (“External Websites”). We do not control these External Websites of third parties or any of the content contained therein. You agree that we are in no way responsible or liable for External Websites referenced or linked from the LEONDRINO Website, including, but not limited to, website content, policies, failures, promotions, products, opinions, advice, statements, prices, activities and advertisements, services or actions and/or any damages, losses, failures or problems caused by, related to, or arising from those sites. You shall bear all risks associated with the use of such content.

External Websites have separate and independent terms of use and related policies. We request that you review the policies, rules, terms, and regulations of each site that you visit. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.

(16) Complaints
In the event of a complaint, please set out in writing the basis of your complaint, how you would like us to resolve the complaint and any other information you believe to be relevant. We will acknowledge your complaint within 48 hours of its receipt if you email us your complaint at complaints@Leondrino.com.

The responsible staff member of Leondrino (hereinafter “Complaint Officer”) will consider your complaint. The Complaint Officer will consider your complaint without prejudice based on the information you have provided, and any information gathered by Leondrino. Within four weeks of our receipt of your complaint, the Complaint Officer will address your complaint by sending you an e-mail (“Resolution Notice”) in which the Complaint Officer will:

(1)   offer to resolve your complaint in the way you are requested;
(2)   make a determination rejecting your complaint and set out the reasons for the rejection; or
(3)   offer to resolve your complaint with an alternative solution.

Upon receipt of the Resolution Notice, you will have 20 business days to accept or reject the offer or determination, which you must do by following the instructions set out in the Resolution Notice. Failure to respond to a Resolution Notice will be deemed to be a withdrawal of the complaint and an acceptance that we have no liability to you regarding the subject matter of the complaint. If you are late in responding to the Resolution Notice, Leondrino may treat your response as if it has been submitted on time.

In addition, you are reminded that once Leondrino has become licensed with the New York State Department of Financial Services, you may bring your compliant to the Department of Financial Services by sending it to the Department’s address set forth below, the Department’s website below or by calling the telephone number for the Department’s Consumer Hotline:

New York State Department of Financial Services
Consumer Assistance Unit
One Commerce Plaza
Albany, NY 12257
Consumer Hotline (800) 342-3736 (Monday through Friday, 8:30 AM to 4:30 PM ET)

If you believe anything on the LEONDRINO Website infringes upon any copyright, which you own or control, you may file a notification of such infringement with our Designated Agent as set forth below.

Name of Designated Agent: Peter Reuschel
Full Address: Leondrino Inc. 1177 Avenue of the Americas, Floor 7, New York, NY 10036, USA
Email: preuschel@Leondrino.com

Please see 17 U.S.C. §512(c) (3) for the requirements of a proper notification. You should note that if you knowingly misrepresent in your notification that the material or activity is infringing, you will be liable for any damages, including costs and attorneys’ fees, incurred by us or the alleged infringer as the result of our relying upon such misrepresentation in removing or disabling access to the material or activity claimed to be infringing.

(17) Financial, Investment or Other Professional Advice
For the avoidance of doubt, we do not provide any financial, investment or other professional advice in connection with the LEONDRINO Services contemplated by these Terms. We may provide information on the price, range, volatility of Leondrino Currencies and events that may have affected the price of any one or more currencies.  Such information is offered “AS IS” and although obtained from sources deemed to be ordinarily reliable, we do not warrant its accuracy or relevance.  Moreover, such information is not intended to serve as investment advice and should not be construed as such. Any decision to purchase or sell Leondrino is your decision and we will not be liable for any loss suffered.  You should consult your own financial advisers (including accountants, lawyers, tax and investment advisers) prior to buying or selling Leondrino Currencies regarding market, operational or other risks associated with purchasing, selling or holding Leondrino Currencies as well as the tax, accounting or legal consequences of purchasing, selling or holding Leondrino Currencies.

(18) Financial Regulation
Our future LEONDRINO Services for Leondrino Currencies consist of the issuance and administration of Leondrino Currencies. The LEONDRINO Services will include facilitating, buying, selling and trading of Leondrino Currencies and their use to purchase goods and services. Currently, we are in the process of preparing to apply be a licensed issuer and administrator of Leondrino Currencies as virtual currencies pursuant to the New York State Department of Financial Services regulating virtual currencies.  23 NYCRR Part 200.

(19) Disclosures to Legal Authorities and Authorized Financial Institutions
We may share your Personal Information with law enforcement, data protection authorities, government officials, and other authorities when:

Required by law;

  • Compelled by subpoena, court order, or other legal procedure;
  • We believe that the disclosure is necessary to prevent physical harm or financial loss;
  • Disclosure is necessary to report suspected illegal activity (to file a Suspicious Activity Report); or
  • Disclosure is necessary to investigate violations of our Terms or Privacy Policy.

We also may share your Personal Information with other financial institutions as authorized under Section 314(b) of the US Patriot Act, and with tax authorities, including the US Internal Revenue Service, pursuant to the Foreign Account Tax Compliance Act (“FATCA”), to the extent that this statute may be determined to apply to Leondrino.

(20) International Transfers of Personal Information
We store and process your Personal Information in data centers around the world, wherever Leondrino facilities or service providers are located. As such, we may transfer your Personal Information outside of the US and the European Economic Area (“EEA”). Such transfers are undertaken in accordance with our legal and regulatory obligations.

(21) Jurisdiction
These Terms shall be governed and construed in accordance with New York law without regard to New York law’s choice of law principles.

(22) Limitation of Liability
To the extent permitted by law, Leondrino will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arises from negligence or willful deceit or fraud. Nothing in these terms excludes or limits the liability of either party for fraud, death or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not by law be limited or excluded.

Subject to the foregoing, Leondrino’s aggregate liability in respect of claims based on events arising out of or in connection with any single Member’s use of the LEONDRINO Website and/or LEONDRINO Services, whether in contract or tort (including negligence) or otherwise, shall in no circumstances exceed the greater of either

(a) the total amount held on Account for the Member making a claim less any amount of Commission that may be due and payable in respect of such Account; or

(b) the total of the Transaction Price or Prices of the Transaction or Transactions that are the subject of the claim less any amount of Commission that may be due and payable in respect of such Transaction(s),

each in the applicable currency.

(23) Indemnification
To the full extent permitted by applicable law, you hereby agree to indemnify Leondrino, and its partners against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if caused directly or indirectly by your use of LEONDRINO Website, your use of the LEONDRINO Services, or from your violation of these Terms.

(24) Miscellaneous
If we are unable to perform the LEONDRINO Services outlined in the Terms due to factors beyond our control including but not limited to an event of Force Majeure, change of law or change in sanctions policy we will not have any liability to you with respect to the LEONDRINO Services provided under this agreement and for a time period coincident with the event, which may be permanent.

(25) Modifications to the LEONDRINO Services
Leondrino reserves the right to modify or discontinue, temporarily or permanently, the LEONDRINO Services or any features or portions thereof without prior notice. You agree that Leondrino will not be liable for any modification, suspension or discontinuance of the LEONDRINO Services or any part thereof.

(26) Modification of Terms
Leondrino reserves the right to change, add or remove sections of these Terms, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your Account. Upon such notification, it is your responsibility to review the amended Terms. Your continued use of the Site following the posting of a notice of changes to the Terms signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended Terms.

(27) Definitions
Account or LEONDRINO User Account.
 The contractual arrangement wherein a Leondrino Member has accepted our Terms and Privacy Policy, and received approval to use the LEONDRINO Services, including the purchase and sale of Leondrino Currencies (when Leondrino offers that functionality) and to perform associated Transactions.

Buyer(s). Member(s) that are submitting a bid to buy a Leondrino Currency through the LEONDRINO Services.

Commission. Refers to the fee which is payable to Leondrino on each Transaction, such as a Leondrino Purchase Transaction.

Leondrino or Leondrino Currency. The virtual private branded currency further described on the LEONDRINO Website.

Leondrino Network. The network of Leondrino including, without limitation, its own platforms and services as well as the platforms and services of connected Exchanges, Banks, Market Makers, intermediaries and Trusted Third Parties that offer goods or services in exchange for Leondrino Currencies for real-time Point-of-Sale transactions.

Leondrino Services. Any of the services provided to you by LEONDRINO, functional rules and market managed by Leondrino Inc. to permit Sellers and Buyers to perform Leondrino Purchase Transactions and other Transactions (together with the LEONDRINO Website, the “LEONDRINO Services”)

Leondrino Website. The Leondrino Platform located at the domains www.Leondrino.exchange, www.Leondrino.com, www.Leondrino.de and including the subdomains wallet.Leondrino.com, trade.Leondrino.com, exchange.Leondrino.com), the Leondrino Network, the LEONDRINO API, and any associated LEONDRINO-hosted websites or mobile applications (collectively the “LEONDRINO Website”)

Member(s). Refers to any holder of a LEONDRINO User Account.

Personal Information. Information that identifies an individual, such as name, address, e-mail address, trading information, and banking details. “Personal Information” does not include anonymized and/or aggregated data that does not identify a specific user.

Price. The “price per token” for which Members are willing to purchase or sell a Leondrino Currency, using the Service in a Leondrino Purchase Transaction. The Price may be expressed in any of the currencies deposited by Members in their Account and supported by the Service. See our Site for a full list of currencies.

Seller(s). Member(s) that are submitting an offer to sell a Leondrino Currency through the LEONDRINO Services.

Transaction. Includes the following:

  • The agreement between a Buyer and a Seller to exchange a Leondrino Currency through the LEONDRINO Services for a government-issued currency or another virtual currency at a commonly agreed rate (“Leondrino Purchase Transaction”);
  • The conversion of a government-issued currency or another virtual currency deposited by a Member in the Member’s Account into Leondrino Currency (“Conversion Transaction”);
  • The transfer of a Leondrino Currency between Members (“Leondrino Transfer Transaction”);
  •  The transfer of government-issued currencies or another virtual currency among Members (“Currency Transfer Transaction”); and
  • The purchase of ancillary products (“Purchase Transactions”).

Leondrino may not offer all of these types of transactions at this time or in all places.

Transaction Price. The total price paid by the Buyer in respect of each Transaction performed through the LEONDRINO Services.

(28) Severability Clause
If any provision of these Terms is deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these Terms and will not affect the validity and enforceability of any remaining provisions.

If you have any questions relating to these Terms, your rights and obligations arising from these Terms and/or your use of the Site and the Service, your Account, or any other matter, please contact Leondrino Support by emailing support@Leondrino.com.

(30) English Version Is Legally Binding
Notwithstanding any other provision of this Agreement, any translation of this Agreement is provided for your convenience. The meanings of terms, conditions, and representations herein are subject to definitions and interpretations in the English language. Any translation provided may not accurately represent the information in the original English.

Last Update on April 20, 2020