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 Option Service Agreement" and all attachments;
1.2. Party A: Options trader, a real-name registered user of LBK Blockchain Co., Limited, hereinafter "LBank Platform";
1.3. Party B: "LBank Platform" is an innovative digital asset trading platform for global users, with the purpose of providing professional asset management solutions;
2. Party A's rights and obligations
2.1. Options trading is a high-risk trading behavior, which brings more potential profits but also contains certain risks. Party A shall fully understand the risks associated with options trading, and shall be fully responsible for any trading activities on Party B’s platform. Party B shall not be liable for any loss or damage caused by ignorance of the risks of the use of Party B’s services;
2.2. During the maintenance period of Party B’s system, Party A agrees that Party B shall be responsible for the management of Party A’s options account, including but not limited to liquidation and repayment of Party A’s loan;
2.3. Party A agrees that all investment operations carried out by Party B represent its true investment intentions and unconditionally accept the potential risks and benefits brought by investment decisions;
2.4. Party A guarantees that the assets it uses for participation are its own assets with legitimate sources. If there is a dispute with a third party due to the ownership and legality of its assets, Party A shall be responsible for solving it; Party A shall be responsible for any economic losses caused to Party B and the borrower;
2.5. Party A confirms and agrees that the written documents or electronic information related to this agreement provided by Party B shall be an integral part of this agreement;
3. Party B's rights and obligations
3.1. Party B shall provide Party A with information services in accordance with the principles of law, integrity, voluntariness, and fairness, and safeguard Party A’s legitimate rights and interests;
3.2. When Party A uses high leverage, it will bring greater risks to Party A itself and the market. Therefore, in order to maintain market stability, Party B will monitor the position of Party A that uses high leverage. When Party B judges that Party A holds positions When it is likely to have a greater impact on market stability, corresponding measures will be taken, including but not limited to communication, risk disclosure, forced liquidation, forced liquidation, order cancellation, early delivery settlement, etc.;
Party B reserves the right to suspend or terminate the option service. When necessary, Party B can suspend or terminate the contract service at any time;
3.3. Party B has the right to report or transmit the relevant information of Party A's participation in assets on the LBank platform to relevant departments, industry associations, or related databases in accordance with the requirements of the government, industry associations, and other relevant departments;
4. Application of law and jurisdiction
4.1. Applicable laws. All matters of this agreement, including but not limited to the validity, interpretation, performance, and dispute resolution of this agreement, are governed by the relevant laws of the place where Party B is registered; if any clause of this agreement conflicts with its mandatory regulations, it shall Interpretation and execution shall be carried out to the maximum extent not prohibited by these mandatory regulations, and any such agreement that conflicts with the mandatory regulations shall not affect the validity of other provisions of this agreement.
4.2. Dispute jurisdiction. All parties agreed that if a dispute arises, regardless of the amount in dispute, it shall be submitted to the local arbitration committee for arbitration under the simplified procedures under the arbitration rules of the local arbitration committee. The arbitration award is final and binding on both parties.
4.3. During the arbitration period, the clauses in this agreement that do not involve disputes must still be fulfilled, and neither party shall refuse to perform any of its obligations under this agreement on the grounds of resolving disputes.
5. Other matters
5.1. Due to network delays, computer system failures, and other possible irresistible factors, Party B’s option service execution may be delayed, suspended, suspended, or deviated. Party B will try its best to ensure but does not promise the stable and effective operation of the option service execution system, but Due to the above factors, the final execution result of Party B’s option service is different from Party A’s expectations, and Party B shall not bear any responsibility;
5.2. This agreement is established and effective after both parties have signed it, and will terminate when both parties have fulfilled their obligations in accordance with this agreement. Party A entrusts Party B to keep all written documents or electronic information related to this agreement;
I have read and agree to the LBank Option Service Agreement, and I agree to use the LBank Option Service. I am aware of this risk and confirm my participation.
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