Article 1. Interpretation
Unless the context explains otherwise, the following words have the following meanings:
1.1. This Agreement: Refers to any terms, details, and information in this "LBank Contract Service Agreement" and all attachments.
1.2. Party A: contract trader, a real-name registered user of the LBK Blockchain Co., Limited, hereinafter referred to as "LBank platform" or "LBank Exchange".
1.3. Party B: "LBank Exchange" is an innovative digital asset trading exchange for global users, with the purpose of providing professional asset management solutions.
Article 2. Party A's rights and obligations
2.1 The contract transaction risk is very high. Party A acknowledges and agrees to bear the risk of accessing and using contract trading services on its own;
2.2. Party A should fully understand the risks associated with contract transactions and take full responsibility for any transaction and non-transaction activities on Party B's account. Do not engage in transactions or investments with Party A's financial ability or above;
2.3. Party A is fully responsible for knowing the true status of any position, even if Party B erroneously displays this at any time;
2.4. Party A agrees to retain a sufficient amount of blockchain assets required by Party B in the margin account of Party B for users to engage in contract transactions and return the loan of Party A in full in a timely manner. Failure to maintain sufficient assets or fail to return outstanding loans on time may result in the forced liquidation of assets in Party A's margin account;
2.5. During the maintenance of Party B's system, Party A agrees to be fully responsible for managing Party A's margin account under risk, including but not limited to closing positions and repaying Party A's loans;
2.6. Party A agrees to conduct all transactions, contract transactions, and/or loans, and is fully responsible for the activities. Party B shall not be liable for any loss or damage caused by the use of any services or the unawareness of the risks associated with the use of assets or the risks associated with the use of Party B’s services;
2.7. Party A agrees that all investment operations carried out in Party B represent its true investment willingness and unconditionally accepts the potential risks and benefits brought by investment decisions.
Article 3, Party B's rights and obligations
3.1. Party B may decide to take measures at its own discretion to mitigate the potential losses of Party A, including but not limited to transferring Party A’s margin account to Party A’s exchange account and/or from Party A’s exchange account Party A's margin account;
3.2. Party B reserves the right to suspend and terminate contract services. When necessary, Party B may suspend and terminate contract services at any time.
3.3. Due to network delays, computer system failures, and other possible irresistible factors, Party B’s contract service may be delayed, suspended, or biased. Party B will do its best to guarantee but does not promise the stability and effectiveness of the contract service execution system, but Due to the above factors, the final execution result of Party B’s contract services is different from Party A’s expectations, and Party B does not assume any responsibility.
I have read and agreed to the LBank contract service agreement and agreed to use the LBank contract business. I am aware of this risk and confirm the purchase.
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