Common use of Staking Services Clause in Contracts

Staking Services. The Platform or Zero Hash System, as applicable, may give you the option to “stake” certain cryptocurrencies deposited to your Hosted Wallets and represented in your Account to a third-party proof-of-stake network. If given the option, you will be able to instruct Zero Hash, through the Platform or the Zero Hash System, as applicable, to “stake” and “unstake” certain eligible cryptocurrencies on your behalf via Staking Services provided by either Zero Hash directly or a third-party validator node provider. You understand and acknowledge that Zero Hash will not exercise any discretion over your cryptocurrencies with respect to the staking of unstaked cryptocurrencies or the unstaking of staked cryptocurrencies. If you instruct Zero Hash through the Platform or through the Zero Hash System, as applicable, to stake eligible cryptocurrencies in your Account, Zero Hash will facilitate the staking of those assets on your behalf by acting as, or contracting with a third-party to act on Zero Hash’s behalf as, a transaction validator on the applicable proof-of-stake network. If such transaction validator validates a block of transactions on the applicable network, you may earn a reward granted by the network (“Staking Reward”). The Staking Reward amount is determined by the protocols of the applicable network. Zero Hash will distribute any Staking Reward to your Account after receipt by Zero Hash minus a Staking Services fee, which shall be determined by Zero Hash on an asset-by-asset basis, retained by Zero Hash. You have no right to any Staking Reward until it is received by Zero Hash. ZERO HASH DOES NOT GUARANTEE THAT YOU WILL RECEIVE STAKING REWARDS, ANY SPECIFIC STAKING REWARD, OR ANY STAKING RETURN OVER TIME, INCLUDING ANY STAKING REWARD RATE THAT MAY BE PROVIDED TO YOU THROUGH THE PLATFORM OR THROUGH THE ZERO HASH SYSTEM, AS APPLICABLE. Where applicable, you may be able to receive Staking Services from Zero Hash through the Zero Hash System; provided, however, Zero Hash has so agreed to such an arrangement.

Appears in 23 contracts

Samples: Services User Agreement, Services User Agreement, Services User Agreement

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Staking Services. The Platform or Zero Hash System, as applicable, may give you the option to “stake” certain cryptocurrencies deposited to your Hosted Wallets and represented held in your Account to a third-party proof-of-of- stake network. If given the option, you will be able to instruct Zero Hash, through the Platform or the Zero Hash System, as applicable, to “stake” and “unstake” certain eligible cryptocurrencies on your behalf via Staking Services provided by either Zero Hash directly or a third-party validator node provider. You understand and acknowledge that Zero Hash will not exercise any discretion over your cryptocurrencies with respect to the staking of unstaked cryptocurrencies or the unstaking of staked cryptocurrencies. If you instruct Zero Hash through the Platform or through the Zero Hash System, as applicable, to stake eligible cryptocurrencies in your Account, Zero Hash will facilitate the staking of those assets on your behalf by acting as, or contracting with a third-party to act on Zero Hash’s behalf as, a transaction validator on the applicable proof-of-stake network. If such transaction validator validates a block of transactions on the applicable network, you may earn a reward granted by the network (“Staking Reward”). The Staking Reward amount is determined by the protocols of the applicable network. Zero Hash will distribute any Staking Reward to your Account after receipt by Zero Hash minus a Staking Services fee, which shall be determined by Zero Hash on an asset-by-asset basis, retained by Zero Hash. You have no right to any Staking Reward until it is received by Zero Hash. ZERO HASH DOES NOT GUARANTEE THAT YOU WILL RECEIVE STAKING REWARDS, ANY SPECIFIC STAKING REWARD, OR ANY STAKING RETURN OVER TIME, INCLUDING ANY STAKING REWARD RATE THAT MAY BE PROVIDED TO YOU THROUGH THE PLATFORM OR THROUGH THE ZERO HASH SYSTEM, AS APPLICABLE. Where applicable, you may be able to receive Staking Services from Zero Hash through the Zero Hash System; provided, however, Zero Hash has so agreed to such an arrangement.

Appears in 1 contract

Samples: User Agreement

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Staking Services. The Platform or Zero Hash System, as applicable, may give you the option to “stake” certain cryptocurrencies deposited to your Hosted Wallets and represented held in your Account to a third-party proof-of-stake network. If given the option, you will be able to instruct Zero Hash, through the Platform or the Zero Hash System, as applicable, to “stake” and “unstake” certain eligible cryptocurrencies on your behalf via Staking Services provided by either Zero Hash directly or a third-party validator node provider. You understand and acknowledge that Zero Hash will not exercise any discretion over your cryptocurrencies with respect to the staking of unstaked cryptocurrencies or the unstaking of staked cryptocurrencies. If you instruct Zero Hash through the Platform or through the Zero Hash System, as applicable, to stake eligible cryptocurrencies in your Account, Zero Hash will facilitate the staking of those assets on your behalf by acting as, or contracting with a third-party to act on Zero Hash’s behalf as, a transaction validator on the applicable proof-of-stake network. If such transaction validator validates a block of transactions on the applicable network, you may earn a reward granted by the network (“Staking Reward”). The Staking Reward amount is determined by the protocols of the applicable network. Zero Hash will distribute any Staking Reward to your Account after receipt by Zero Hash minus a Staking Services fee, which shall be determined by Zero Hash on an asset-by-asset basis, retained by Zero Hash. You have no right to any Staking Reward until it is received by Zero Hash. ZERO HASH DOES NOT GUARANTEE THAT YOU WILL RECEIVE STAKING REWARDS, ANY SPECIFIC STAKING REWARD, OR ANY STAKING RETURN OVER TIME, INCLUDING ANY STAKING REWARD RATE THAT MAY BE PROVIDED TO YOU THROUGH THE PLATFORM OR THROUGH THE ZERO HASH SYSTEM, AS APPLICABLE. Where applicable, you may be able to receive Staking Services from Zero Hash through the Zero Hash System; provided, however, Zero Hash has so agreed to such an arrangement.

Appears in 1 contract

Samples: Services User Agreement

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