CryptoCoaction Terms and Conditions Updates

Updated: 9.25.2018

These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity you and CryptoCoaction, concerning your access and use of the cooperative group as well as any other media forms, media channel, mobile website or mobile application related, linked, or otherwise connected thereto collectively, CryptoCoaction.

Fees

Payment constitutes an irrevocable acknowledgement of all terms comprised in this piece, digital or written.

CryptoCoaction fees are constructed in three (3) parts:

  1. One-time fees - These are miscellaneous fees charged to settle any singular expenses incurred while operating to provide services to members.
  2. Hosting Fee - This number will increase in relation to the cost to host and maintain the machines through a third party.
  3. Hardware Fee - This is a constant amount used to purchase cryptocurrency mining hardware and related items. This is often correlated with the respective group’s “growth rate”

All fees are non-refundable.

CryptoCoaction reserves the right to provide compensation to members; this decision is unilateral.

Membership in Good Standing

CryptoCoaction reserves the right to void membership and cease assets procured by CryptoCoaction at any time for missing any payment period without written notification of not less than ten (10) days prior to fee due date.

 

With proper notification the group may also make a decision regarding course of action with a democratic vote to decide how to proceed with any changes in member population.  

Procurement

CryptoCoaction, to the best of their ability, will procure cryptocurrency mining hardware and ensure said hardware is maintained and operating.

Decisions regarding investment spending and digital asset dissemination are decided by the CryptoCoaction Participants upon recommendations from the CryptoCoaction rep that will head the group.

If the group does not make a decision; CryptoCoaction may act unilaterally in the best interest of participants.

Custodianship

All cryptocurrency generated through the work of CryptoCoaction is held within until such time that it  is decided that it will be dispersed to the members, respectively. CryptoCoaction reserves the right to garnish, withhold, or otherwise utilize the cryptocurrency upon infraction of any CryptoCoaction policies expressed, both written and verbal. CryptoCoaction is entitled to 2% of the total cryptocurrency generated through the group for services rendered.

 

To withdraw cryptocurrency from CryptoCoaction, members must submit a withdrawal request through the means provided to each member via the “Introduction Email”. Provided the request is accurate and the amount is less than or equal to said members equitable balance, the funds will be sent to the wallet address provided by the member within 2 business days.

 

The hardware procured via CryptoCoaction becomes the property of CryptoCoaction. 

 

Any trades, exchanges, or selling of items procured for members can only take place with consent of the majority of members to whom the products of the work belongs; all proceeds belong to the members and will be disseminated accordingly.

Consent

You agree that by joining this group, you have read, understood, and agree to be bound by all these Terms of Use. If you do not agree with all of these Terms of Use, then you are expressly prohibited from accessing or participating in the group and you must discontinue immediately.

 

Upon initial payment of membership fee, members are acknowledging and consenting to a term of no less than twelve (12) months; at which point each member is entitled to the equity value ascribed up to that time in the form of cryptocurrency. No additional compensation or monetary gains are owed.

 

Supplemental terms and conditions or found at http://cryptocoaction.personalpersonnel.org/tos  from time to time are hereby expressly incorporated herein by reference. CryptoCoaction reserves the right, to make changes or modifications to these Terms of Use at any time, unilaterally, for any reason.

 

Once policy changes are available to the public via the aforementioned website, members are responsible for adhering to the latest updates of policy and terms and conditions.