Terms & Condition
Updated on 08/24/2021
Terms of Operation ("The Terms") apply to Chiafarm.land and any of its subdomains. Chiafarm.land is referenced as "We", "Pool", "Our Pool", "Chiafarm.land", "Us". The user of Chiafarm.land is referenced as "Farmer", "Participant", "User", "You". By accessing Our services, you confirm that you agree with The Terms. Otherwise, any interaction with Our Pool is strictly prohibited. The Terms may change in the future. By continuing the usage of Our services, you confirm that you agree with any further Terms changes.
GeneralTo access the Services, you must create a PlotNFT for ChiaFarm.land using the official Chia pooling protocol. To manage your account you must create a login token (“Login Token”) associated with your PlotNFT via the official Chia app. The Company may suspend your right to access or use any portion or all of the Services immediately upon notice to you if: (i) the Company determines your use of the Services poses a security risk to the Services or any third party, could adversely impact the Company’s systems, the Services or any other ChiaFarm.land user, could subject the Company, its affiliates, or any third party to liability, or could be fraudulent; (ii) you are in breach of this Agreement; or (iii) you have ceased to operate in the ordinary course, made an assignment for the benefit of creditors or similar disposition assets, or become the subject of any bankruptcy, reorganization, liquidation, dissolution or similar proceeding. If the Company suspends your right to access or use any portion or all of the Services, you may remain responsible for all fees and charges you incur during the period of suspension; and you will not be entitled to any cryptocurrency farming rewards that may have occurred during the period your use of the Services was temporarily suspended.
Payments ProcessingChiafarm.land is responsible for distributing funds earned during the farming process. By participating in the farming process, farming equipment consumes electricity, and Chiafarm.land is not responsible for any of these costs. We pay earnings gathered during the farming process. All of them are being distributed proportionally according to participants' contribution shares (called "Points") using the PPLNS (Pay-per-last-N-shares) reward scheme. Chiafarm.land does not issue any rewards and acts as an intermediary between Farmers and the Chia Network.
Services and AgreementWe may make updates to Services from time to time. If the Company makes a material change to the Services, it will inform you, provided that you have subscribed with the Company to be informed of such change. The Company may make changes to this Agreement, and any linked documents, from time to time. Unless otherwise noted, material changes to the Terms will become effective 3 days after they are posted, except if the changes apply to new functionality in which case they will be effective immediately. The Company shall make reasonable efforts to provide at least 3 days advance notice for materially adverse changes to any Services by either: (i) posting a notice in the news section on the Company website; (ii) social media platform.
TaxEach party will be responsible, as required under applicable law, for identifying and paying all taxes and other governmental fees and charges (and any penalties, interest, and other additions thereto) that are imposed on that party upon or with respect to the transactions and payments under these terms. All fees payable by you are exclusive of taxes, except where applicable law requires otherwise. We may charge and you will pay applicable taxes that we are legally obligated or authorized to collect from you. You will provide such information to us as reasonably required to determine whether we are obligated to collect taxes from you. We will not collect, and you will not pay, any tax for which you furnish us a properly completed exemption certificate or a direct payment permit certificate for which we may claim an available exemption from such tax. All payments made by you to us under these terms will be made free and clear of any deduction or withholding, as may be required by law. If any such deduction or withholding (including but not limited to cross-border withholding taxes) is required on any payment, you will pay such additional amounts as are necessary so that the net amount received by us is equal to the amount then due and payable under these Terms. We will provide you with such tax forms as are reasonably requested in order to reduce or eliminate the amount of any withholding or deduction for taxes in respect of payments made under these Terms. You will be responsible for your own tax reporting.
User ObligationsYou represent and warrant that you are familiar with and accept the risks associated with digital wallets and private keys, Your digital wallet or vault may require a private key, mnemonic, or a combination of private keys and mnemonics (collectively, “Keys”) for access. Accordingly, loss of requisite Keysassociated with your digital wallet or vault storing cryptocurrencies will result in loss of such cryptocurrencies, access to your cryptocurrencies balance, and/or any initial balances in blockchains. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service you use, may be able to misappropriate your cryptocurrencies. The Company is not responsible for any such losses. Chiafarm.land is not liable for any losses that may occur during the usage of Our Services. Although we do everything possible to protect Our servers from hacker attacks, we cannot guarantee that Our Services won’t get attacked. As farming requires an intense load of equipment, Chiafarm.land is not responsible for any damages to your farming equipment that may occur during the farming process. Chiafarm.land does not have any influence on the Chia cryptocurrency and farming process at all. Chiafarm.land only provides an interface to the Chia Network. Any questions about the Chia cryptocurrency must be delegated to Chia Network, Inc.
RisksYou represent and warrant that you accept the risks of the Chia blockchain protocol and network, including instability, congestion, high transaction costs, network latency, information security, regulatory risk, and technological and operational error. You understand that these risks may result in delay or failure to process transactions, failure to deliver farming rewards, and high Blockchain Transaction Fees. You represent that you understand and agree that the Company is not responsible for any diminished Services, related features, or capabilities resulting from blockchain network risk. In the event of a material increase or decrease to Blockchain Transaction Fees or operational degradation, congestion, failure, or disruption otherwise of the blockchain network used by you, the Company may, at its sole discretion and upon notice to you, increase or decrease the threshold to deliver your cryptocurrencies. In addition to blockchain modification risk, blockchain developers may also determine to modify the cryptographic verification process such that the blockchains can no longer be verified through proof-of-space-and-time and instead adopt proof-of-stake or other methodologies. User accepts and acknowledges that in circumstances where the protocol of a given blockchain used by you has been modified to use other methodologies, you accept such risk and shall allocate the User’s farm space to other available blockchains and farming processes that use proof-of-space methodologies using the given algorithm for this Agreement. Certain blockchain algorithms at this time have no alternative blockchain applications that support proof-of-space farming and any such switch would result in no applicable use of your farm space should such a protocol switch occur.
Account InactivityIf you do not actively participate in pooling by submitting at least one valid proof-of-space and time to the Service for a consecutive period of 6 months, the Company reserves the right to reset (i) your account balances, (ii) unclaimed block winnings, and (iii) deactivate your account. Subject to
Disruptions; Downtime and Wear and Tear.Although the Company makes a reasonable effort to protect the Service from intrusion and cyberattacks, the Company will not be held liable for interruptions of the Services resulting in but not limited to loss of access to the website, pooling delays or disruptions, transactions, and unpaid rewards. In addition, although the Company shall make a reasonable effort at sustaining acceptable Service uptime, the Company will not be held liable nor compensate for interruptions of Service, nor does the Company guarantee the uptime of the Service. Further, as farming and plotting may exert an intense load on your hardware, the Company shall not be liable for any damages to your hardware that may occur during the farming and plotting process.
No AgencyThis Agreement does not create any agency, partnership, or joint venture between the Company and you.
Additional TermsAlthough we have backup servers, the Pool’s 100% uptime is not guaranteed. We do not pay any compensation for downtime.
If you have any questions about The Terms, you can contact us at [email protected]