Index Futures Terms of Services
- WOO X Index Futures
1.1 Index Futures (hereinafter the “Index Futures”) is a service that allows users (“users”, “you” or “your”) to enter into transactions that reference a cryptocurrency price index designed to track the performance of a basket of underlying Digital Assets that form the constituents of the index as the underlying (such an index a “Index Futures”, such transactions “Index Futures Transactions”).
1.2 The Terms set out the specific terms that will apply to you when using the Index Futures service on our Platform. By proceeding beyond this page, you acknowledge that you have read and understood, and agree to the terms set out in the Terms.
1.3 The Terms shall apply to you in addition to our Terms of Services and Futures Service Agreement, which apply to our services including Index Futures. Where there is a conflict between the Terms of Services or Futures Service Agreement and the Terms, the terms of the Terms shall prevail. Unless otherwise defined, capitalized words in the Terms will have the same meaning given to those words in the Terms of Services and Futures Service Agreement, In the case of a conflict the capitalized words in this schedule shall prevail. By using our Index Futures services, you agree to the term in the Terms along with the fees.
- Risk disclosure
2.1 You acknowledge and agree that Index Futures Transactions are intended to track the performance of the underlying Index Futures and not the individual Digital Assets that make up the constituents of such index. It is not possible to invest directly in a Index Futures.
2.2 Past performance of an Index Futures is not an indication or guarantee of future results.
2.3 Wootech Limited makes no assurance that any Index Futures Transactions will accurately track the value of the referenced Index Futures or provide positive investment returns.
2.4 Inclusion of a particular Digital Asset within an Index Futures is not a recommendation by WOO X to buy, sell, or hold such Digital Asset or enter into any Transaction in relation to such Digital Asset, nor is it intended to be investment advice. 2.5 The price of an Index Futures is calculated based on the spot prices of the individual Digital Assets that constitute such index as observed by the index provider of Wootech Limited.
2.6 Before entering into an Index Futures Transaction through WOO X, you shall ensure that you have read and understand materials available on WOO X’s official website which describe the constituents of the relevant Index Futures, the formula for calculating the value of the Index Futures, any applicable rebalancing procedure and the circumstances in which the constituents of the Index Futures may change, and that you have carefully considered the risks associated with entering into such Index Futures Transaction.
2.7 Wootech Limited relies on information obtained from third parties in calculating the value of an Index Futures, and you can find the details of the index methodology here. You acknowledge that Wootech Limited does not guarantee the accuracy or completeness of any information obtained from third parties, does not warrant that any such information is up to date as at the time obtained and shall not be liable for the content of such third party information or any discrepancies or errors contained therein or any losses flowing from the use or reliance thereon. Information in relation to each Index Futures made available by Wootech Limited from time to time can be found here.
2.8 Wootech Limited may rely on information and/or data obtained from or provided by third parties in calculating the value of an Index Futures. Wootech Limited may also make available third party indices and/or other market data provided by third parties to Users through WOO X, for information purposes and as an accommodation to Users. You acknowledge and agree that Wootech Limited: (i) does not guarantee the accuracy, completeness or availability of any information or data provided by third parties (including, without limitation, any third party indices or market data) (“Third Party Data”), regardless of whether such Third Party Data is included within a WOO X product or is provided independently; (ii) does not warrant that any Third Party Data is up to date as at the time obtained; and (iii) shall not be liable for the content of any Third Party Data or any discrepancies or errors contained therein or any losses flowing from the use or reliance thereon. Any use or reliance on any Third Party Data shall be at the sole risk and discretion of the User. Unless expressly stated otherwise by Wootech Limited, Wootech Limited does not endorse any third party index or other product, service, information, data or disclaimer obtained from or provided by any third party that is made available or is otherwise accessible through WOO X and does not guarantee the outcome of any use thereof or reliance thereon.
- Eligibility
3.1 Index Futures is not available to persons who are not eligible to use the Platform in accordance with the WOO X Terms of Service.
3.2 In addition, you are not eligible to use Index Futures if you are incorporated or otherwise established in, or a citizen or a resident of, including but not limited to, one of the Index Futures unsupported countries/regions listed here.
3.3 We reserve the right to update this list at any time, in particular if it is assessed that publication or availability of the Services is restricted or contravenes applicable local laws.
3.4 We reserve the right to suspend or terminate you from the Services at our discretion at any time in case of your non-compliance with these Terms, applicable laws or instructions issued by our representatives.
- Disclaimers
4.1 To the maximum extent permitted under applicable laws, Index Futures is not intended to amount to securities of any form, collective investment schemes, portfolio or asset management services, investment services or any form of investment in any jurisdiction. We do not offer any investment, tax or financial advice and any information provided on the Platform is solely for informational purposes.
4.2 You are responsible for complying with applicable laws. You agree that we are not responsible for determining whether or which laws may apply to any of your transactions or orders, including but not limited to tax law. You are solely responsible for reporting and paying any taxes arising from your use of the Services or from receiving any incentives.
4.3 You agree that you shall not use the Services for any illegal purposes, nor conduct, initiate or promote any forms of market manipulation, including but not limited to wash trading, pump-and-dump, illegal gambling, money laundering, fraud, extortion, data breaches, terrorist financing, and any other violent activities or any business activities prohibited by these Terms or applicable laws.