eVault Legal Notice

This legal notice is to inform all users of the “eVault smart contract” that the presented rewards up to 6% on eVaulted amount of ECS tokens represents rewards in accordance with the eVault Terms. By using the eVault smart contract features, users acknowledge and agree to be bound by the eVault Terms, which govern the use of the eVault smart contract functionalities, including the calculation of rewards and the percentage (%) of rewards. Users should carefully review the eVault Terms before using the eVault smart contract.

The percentage (%) of rewards/returns refers to the amount of accumulated ECS over a one-year period, calculated based on the locked amount of ECS sent to the designated eVault smart contract address for this purpose, in accordance with the eVault Terms. The percentage (%) of return in form of rewards is denominated in ECS tokens, and not in any fiat currency or other monetary value. The percentage (%) of rewards/return is presented for informational purposes only and should not be construed as financial or investment advice or service. Statements “up to 6% rewards” and/or “up to 6% returns” demonstrate an estimate only, and the actual rate of rewards/return may be higher or lower depending on various factors, including market conditions, economic events, various promotional offers, various subscription models, volatility of ECS token and other factors outside of control of eVault smart contract.

Users of the eVault smart contract acknowledge that ECS token is a free-floating, decentralized cryptocurrency and is not backed by or linked to any underlying asset, currency, financial instrument, or other unit of value. ECS token has no value stabilization mechanisms, neither by reference to any fiat currency or other asset, or by an application of an algorithm. As a result, the value of ECS may be subject to extreme volatility and can fluctuate rapidly and unpredictably in response to market conditions, economic events, regulatory changes, and other factors outside of eVault’s control. The value of ECS may rise or fall sharply in a short period of time, and there is a risk of losing all or part of your locked value of ECS tokens in smart eVault smart contract. Users should also note that the variable market value of ECS tokens may affect the actual rewards earned by users. “The People’s SCE” makes no guarantees or representations as to the stability, reliability, or predictability of the value of ECS.

Therefore, “The People’s SCE” makes no guarantees or representations that the “up to 6% guaranteed rewards/return” earned on ECS tokens locked in eVault smart contract shall correspond to an equal return calculated in any fiat currency or monetary value. Users should carefully consider the risks associated with the use of the eVault smart contract and the holding of ECS tokens before making any decisions.

Users are advised to carefully consider the risks associated with the use of the various cryptocurrencies, eVault smart contract and the holding of ECS tokens before making any decisions. Users should only allocate funds to blockchain technologies that they can afford to lose and should not spend more than they are willing or able to lose.
If you have any questions or concerns regarding the % reward calculation or presentation, or the eVault Terms, please contact eVault customer support at support@ecredits.com 

Thank you for using the eVault smart contract.

The People’s SCE with limited liability,
Société coopérative européenne

Imprint

The People´s SCE

16A Av. de la Liberté

1930 Luxembourg

 

office@ecredits.com

www.ecredits.com