Terms & Conditions

1. Introduction

By accessing and using our website www.storagemining.io or any affiliated website of UAB Lietparkas (02774944) or associated entity (referred to as “we”, “us”, ”the Operator“, “the website”, “www.storagemining.io” or “the company”), you agree to be bound by and abide by the following terms and conditions. Your access to and use of the website is also subject to our Privacy Policy.
These terms and conditions (“T&Cs”) apply to all transactions carried out on this and affiliated websites. Do not use the website or any services if you do not agree with any of these T&Cs.
When purchasing a Burstcoin Cloud Mining Contract through the website the Buyer agrees that he or she is over 18 years of age.
Before executing a transaction on the website, you should review the terms and conditions as they may be updated from time to time. Changes to the T&Cs will apply 30 days after their publication on the website. Continued use of this website and services means that you agree to our new T&Cs.

2. Definitions

Burstcoin is a peer-to-peer payment system and digital currency using cryptography to control the creation and transfer of money. More about Burstcoin can be found here: https://en.wikipedia.org/wiki/Proof-of-space

Burstcoin Cloud Mining Contract is a proprietary right to future Burstcoins produced by the Operator’s computer systems applying the hard drive storage space size agreed between the Buyer and the Operator for the Term.

Term is 2 year from the Purchase Date unless otherwise agreed in writing between the Operator and the Buyer.

Buyer is the purchaser of a Burstcoin Cloud Mining Contract through the website, also referred to as “user” or “you”.

Operator is the company UAB Lietparkas that operates the website www.storagemining.io, affiliated websites, and computer systems that produce Burstcoins, and offers Burstcoin Cloud Mining Contracts.

Operator’s computer systems is the software and hardware owned and operated by the Operator to produce Burstcoins.

Purchase Date is the date the Buyer submits the request to purchase the Burstcoin Cloud Mining Contract via online form at the website unless otherwise agreed in writing between the Operator and the Buyer.

Transaction is an agreement between the Buyer and the Operator to purchase a Burstcoin Cloud Mining Contract at an agreed rate.

Price means the price for which the Buyer agrees to purchase a Burstcoin Cloud Mining Contract.

Management Fee means 10% of the Burstcoin produced pursuant to the Burstcoin Cloud Mining Contract, www.storagemining.io reserves the right to vary the Management Fee at any time on 30 days notice by publication on the website.

Transaction Price is the total price comprising the Price and the Management Fee payable to the Operator for a Burstcoin Cloud Mining Contract.

3. Purchase of Burstcoin Cloud Mining Contract

(a) The Buyer agrees to pay to the Operator the Transaction Price;

(b) The Operator agrees to:

1. use its best endeavours to operate the Operator’s computer systems applying the hard drive storage space agreed between the Operator and the Buyer to produce Burstcoins; and
2. transfer such Burstcoins, after deducting the Management Fee, to the Buyer’s designated Burstcoin wallet once a month upon the Buyer’s request 24 months after the Purchase Date and upon these T&Cs;

(c) the Buyer agrees that the Operator’s computer systems are operated at the sole discretion of the Operator;

(d) the Buyer agrees that the Operator’s computer systems may be impacted by fault, error, malfunction, virus or other occasions that interrupt, howsoever, the Operator’s production of Burstcoins including pursuant to the Buyer’s Burstcoin Cloud Mining Contract and while the Operator will use its best endeavours to minimise and overcome such interruptions under no circumstances will the Operator be liable for any loss incurred howsoever as a result, including loss by less Burstcoin production and/or fluctuations in actual hard drive storage size application.

Burstcoin Calculator: The mining calculator is a third party application which does not include our management and maintenance fees which are part of our services and charged on earned Burstcoins. We are not liable for any false calculations of earnings or Dollar/Euro values. Please note that the Burstcoin price can fluctuate on an hourly basis so that values shown in fiat currency can fluctuate.

4. Process of purchasing a Burstcoin Cloud Mining Contract

www.storagemining.io offers Burstcoin Cloud Mining Contracts. The Buyer accepts the Transaction Price, Price and Management Fee offered by the Operator upon submitting a valid purchase request via the online form at the website. By submitting such a purchase request, online payment will be processed and the Transaction is binding upon you. Please make sure that all your data is correct. If you are paying using Bitcoins please note that Bitcoin transactions in a Bitcoin wallet are not reversible. Also, it is your responsibility to ensure that your email communication is safe and protected against third party access.

Personal Account

In order to purchase a Burstcoin Cloud Mining contract on www.storagemining.io, the user has to create a personal account with the Operator providing his or her name, email address, phone number, mail address, Burstcoin wallet ID and a password. Creating a personal account is free of charge, however you have to acknowledge the terms and conditions. Your email address will serve as your username. The user must ensure that the username and password are kept confidential at all times. In case of misuse or abuse, the Operator reserves the right to disable your personal account.

Burstcoin transfers

The Operator will transfer Burstcoins produced pursuant to the Buyer’s designated Burstcoin wallet, after deducting the Management Fee, no more than monthly. The Buyer agrees that the Operator will not make any such transfers, despite any request to do so, within 24 months of the Purchase Date.

5. Money Laundering Prevention

www.storagemining.io might ask you to confirm your identity or other personal details before we transfer Burstcoin to your wallet. This does not mean in any way that suspicion is falling on you and any information about your identity is held confidentially.

6. User Obligations

The Buyer warrants that he or she will only use the website in accordance with the purpose of the offered service and solely based on the T&Cs. The Buyer further agrees that he or she has the authority and means to enter a transaction. Furthermore, the Buyer warrants that he or she is the legitimate owner of the monetary sums he or she intends to exchange against a Burstcoin Cloud Mining Contract and that he or she does not infringe the rights of any third party or applicable law.

In addition, the Buyer agrees not to use the website or the Burstcoin Cloud Mining Contract whether directly or indirectly for any kind of illegal activity such as money laundering, terrorism financing or negatively affecting the performance of the website. It is prohibited to use or copy any of the information or contents of this or affiliated websites. It is prohibited to send spam or distribute any other material through the website. It is prohibited to distribute any illegal material through the website or use the website in any other way than intended by the Operators.

The user must not collect any data from this website or its users without prior written permission by the Operator. Users must not use anonymous networks such as TOR to access our website.

Any misuse of our services based on these T&Cs will result in the seizure of the Burstcoins produced pursuant to the Buyer’s Burstcoin Cloud Mining Contract and any relevant funds.

7. Security

Users are responsible for maintaining the confidentiality for and integrity of their Burstcoin wallet including its access information. The user must notify the Operator of www.storagemining.io immediately if the user’s wallet address has changed or if there is any other change, loss, fraud or suspicion about the user’s Burstcoin wallet or any transfers in or out of it. The Operator will not be held liable for any lost Burstcoin wallet information or hacked Burstcoin wallet accounts, nor any loss arising howsoever as a result including by theft or fraud.

We closely observe any activities that might relate to money laundering or illegal activities. The Operator reserves the right to share users’ information with third parties to ensure intended operations of the website and its security.

www.storagemining.io is not liable for any damages incurred as a result of sending emails though the Internet. Emails should only be sent in encrypted format.

8. Intellectual Property and Linking

The Operator and the licensors own all intellectual property rights on this and affiliated websites.

www.storageminining.io has not reviewed all of the sites linked to the website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by our company of the site. Use of any such linked web site is at the user’s own risk.

9. Burstcoin Services

By purchasing a Burstcoin Cloud Mining Contract on our website you acknowledge and agree that:

– Burstcoins are not recognised as legal tender in Lithuania and other countries and that Burstcoins are not regulated by any central institution and may be subject to extreme price volatility;

– you understand the risks involved with digital currencies including Burstcoin;

– you understand that the hard drive storage size required to produce Burstcoins increases about every fortnight resulting in a diminishing return of Burstcoins per hard drive storage size applied to production;

– you are responsible for protecting your Burstcoins, Burstcoin wallet, computer, software bank account, address and personal data against any theft, fraud or illegal activity;

– we do not accept any responsibility for any loss or damage suffered by you or any of your authorised agents or representatives, in connection with a Burstcoin Cloud Mining Contract, whether directly or indirectly, and including where you provide us with any false information;

– all concluded Transactions are irreversible;

– we are not responsible for Burstcoin transfers made to any incorrect Burstcoin wallet IDs and you and your agents agree to release us from all loss or damage suffered in connection with such Burstcoin transfers whether directly or indirectly;

– you have obtained independent legal and financial advice about the risks associated with buying Burstcoins, or you knowingly and voluntarily elected not to do so;

– we have the right to refuse any order for any reason, which is at our absolute discretion and you hereby agree to release and indemnify us in the exercise of that discretion.

The Buyer further acknowledges that trading currency including Burstcoins involves risk, especially through price fluctuation. As Burstcoins are not regulated and backed by any central bank, there is a chance of total loss. In addition there might be unforeseen risks that are not identified in these T&Cs. We cannot be held liable for any consequences of such unforeseen risks.

10. Liability

www.storagemining.io does not offer any legal, financial, insurance, tax, investment or associated advice. All transactions made are the sole responsibility of the Buyer considering his or her personal circumstances. We do not recommend anything available on the website.

www.storagemining.io is not responsible for any loss suffered by the user. Information such as spot prices, buy and sell prices of Burstcoins, and the rate of production of Burstcoin per hard drive storage size, whether on the website or at other, non affiliated platforms are for information only and is not investment advice in any form and should not be construed as such.

The service on our website is only offered to facilitate mining Burstcoins for use in international trade which is not regulated.

We make no guarantees, warranties or representations whatsoever as to:

(a) the future value of any Burstcoins produced; nor

(b) the rate at which Burstcoins will be produced in the future applying particular hard drive storage size,

pursuant to any Burstcoin Cloud Mining Contract purchased by you.

In no event shall www.storagemining.io or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the website, or any part of it, or a Burstcoin Cloud Mining Contract, even if www.storagemining.io or an authorised representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. In the case that applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages, our liability will be limited to the fullest extent permitted by applicable law.

Without limiting the previous paragraph and except as required by, we will not be liable (including in negligence) for any loss of profits, loss of revenue, or any direct, indirect or consequential loss or damage, incurred by or awarded against you or any other person arising directly or indirectly from your use of the website or purchase of a Burstcoin Cloud Mining Contract; or any cost, loss, liability or expense arising from death, personal injury or damage to property resulting directly or indirectly from your use of our service including purchase of a Burstcoin Cloud Mining Contract.

Furthermore, we cannot be held liable for any malfunction, breakdown, delay or interruption to the Internet connection, or if for any reason our website is unavailable at any time or for any period. We also cannot be held liable for any incorrect information from third parties displayed on our website. That applies especially to the displayed spot price of Burstcoins and the rate of production of Burstcoin per hard drive storage size applied.

In the case of fraud, we will report all necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law.

11. Force Majeur

The Operator shall not be liable for any delay or failure to perform its obligations if such failure or delay is due to Force Majeure. Force Majeure includes delay or failure resulting from any cause beyond reasonable control, including act of God, labor disputes or other industrial disturbances, systemic electrical, telecommunications, or other utility failures, earthquakes, storms or other elements of nature, blockages, embargoes, riots or orders of government, acts of terrorism, or war.

12. Disclaimer

The materials on our website are provided “as is”. www.storagemining.io makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, we do not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on our website or otherwise relating to such materials or on any sites linked to this website. The materials appearing on www.storagemining.io could include technical, typographical, or photographic errors. We may make changes to the materials contained on its web site at any time without notice. We do not, however, make any commitment to update the materials.

13. Termination or suspension

These terms may be terminated by either party without reason at any point of time but with prior notice. However, we may immediately terminate this agreement if the user breaches any of the clauses mentioned in our terms and conditions. In addition we reserve the right to take legal action against the user and suspend access to the website and our services. Therefore, we may block computers using user’s IP address from accessing our website. In addition we may contact your Internet service provider and do such measures to block you from accessing our website and services. In addition, we may perform legal action against you and recover the costs from you. Especially if you try to use the website for illegal activities, violate any of these terms or fail to pay for your transaction or any fraud related to that. We also reserve the right to cancel transactions that are not pad for or not confirmed.

14. Refund Policy (No Refund)

All products are sold “as is”. You assume the responsibility for your purchase, and no refunds will be issued.

15. Amendment, assignment, and governing law

These T&CS and our Privacy Policy are the entire agreement between the parties as to their subject matter and supersede all prior or inconsistent statements or representations as to that subject matter.

16. Contact us

Please contact us if you have questions or are not satisfied with anything.
E-Mail [email protected]
UAB Lietparkas
Aukštaičių str. 6, LT-11341 Vilnius
Lithuania