Free Consultation

Terms

Client Agreement

USANA, is a company wholly owned subsidiary of USANA Trade Ltd, is USA based portal. Registered in 8622 Kennel Way, La Jolla, San Diego, CA 92037. (315) 809-1010, (hereinafter USANA)., hereinafter — the Company), according to the terms and conditions of this Client Agreement (hereinafter — the Agreement), provides an individual (hereinafter — the Client) with access to the site https://usana.live (hereinafter — the Website) and the USANA mobile application (hereinafter — the Mobile Application) for the purpose of the Client concluding Smart Contract operations using financial instruments provided by the Company.
Unless otherwise specifically stated in this Agreement, all services provided by the Company through the Website are also provided through the web Application.

1. General Provisions

2. Terminology- Terms

3. Smart Contract Mechanics

The following Smart Contract Mechanics are available to the Client:
3.1 Standard
  • When opening a Deal, the Client specifies the Asset, the amount of the Deal, the direction of chart movement, and the time of the closing of the Deal. The Deal closes upon reaching the selected closing time. If at the moment of closing of the Deal, the current Quote of the selected Asset is higher than its Quote at the moment of the opening of the Deal, the Deal is considered profitable if the selected direction of chart movement is "up." If at the moment of closing of the Deal, the current Quote of the selected Asset is lower than its Quote at the moment of the opening of the Deal, the Deal is considered profitable if the selected direction of chart movement is "down." The yield on the Deal is fixed and depends on the selected amount of the Deal, the Asset, and the execution time of the Deal. The yield on the Deal is defined as the percentage yield multiplied by the amount of the Deal.
3.2 Strike
  • When opening a Deal, the Client specifies the Asset, the amount of the Deal, the direction of chart movement, the Strike Price, and the closing time of the Deal. The Deal closes upon reaching the selected closing time. If at the moment of the closing of the Deal, the current Quote of the selected Asset is higher than the Strike Price specified by the Client, the Deal is considered profitable if the selected direction of chart movement is "up." If at the moment of the closing the Deal, the current Quote of the selected Asset is lower than the Strike Price specified by the Client, the Deal is considered profitable if the selected direction of chart movement is "down." The yield on the Deal is fixed and depends on the selected amount of the Deal, the Asset, the Strike Price, the direction of chart movement, and the execution time of the Deal. The yield on the Deal is defined as the percentage yield multiplied by the amount of the Deal. The Deal can be closed early. The price of early execution is calculated dynamically and updated depending on the market conditions. "Strike" is available only on the Mobile application.

4. Registration and Verification of the Client

4.1. The registration procedure is mandatory for the Client.
4.2. To register on the Website, the Client must perform the following actions:
  • enter their email address and create a password;
  • select the currency of the Account;
  • accept the terms and conditions of this Agreement.
4.3. By accepting the terms of this Agreement, the Client guarantees the following:
  • that they are a legally capable adult;
  • that they have read the terms of this Agreement and agree to them.
4.4. In order to ensure the legality and security of the provision of services, the Company conducts a procedure for verifying the identity of the Client and the information indicated by them (verification). To this end, the Company has the right to request from the Client a copy of their passport open to the page(s) with their photo and personal data or a copy of the front and back side of their ID card. In some cases, the Company has the right to request the Client’s current utility bills, bank statements showing the opening of their account, scanned copies of their bank cards, or other documents if the documents provided to them earlier do not allow the Client to be fully identified and/or confirm the information specified by them. The Client’s personal data is processed by the Company in accordance with its Privacy Policy.
4.5. Verification is carried out within 10 (Ten) business days from the moment the Client provides the full set of documents requested by the Company. In some cases, the Company has the right to extend this period to 30 (Thirty) business days.
4.6. If the Client unjustifiably refuses to provide the documents and/or information requested for verification, the Company has the right to suspend the servicing of their Account and Real Account with subsequent blocking.
4.7. To confirm the identity of the Client and verify the documents provided by them, the Company has the right to request a video conference with the Client. In this case, the Client needs to add the Company ( official USANA) to their Skype account and have ready their passport and the bank cards they used when depositing into their Account before the video conference begins. The Client shall be notified about the time of the video conference at least 24 (twenty four) hours prior.
4.8. By registering on the Website, the Client consents to receiving emails from the Company, including advertising messages, as well as phone calls and SMS texts. If the Client does not want to receive information from the Company, they may at any time cancel their subscription by clicking on the "Unsubscribe" link in any email from the Company, by deactivating the corresponding option in their Personal Account, or by contacting the Company's Support Service. The Company undertakes to immediately respond to the Client’s request to cancel their subscription to all types of emails (except for transactional notifications), as well as not to receive calls or SMS texts.
4.9. The Client has the right to register only 1 (One) Account on the Website. If the Company discovers several Accounts belonging to the same Client or group of persons, if such persons have the opportunity to log in from the same IP address and/or access the Website from the same device, or credited using the same credit card and/or electronic wallet, or with authorization from the same IP address or upon the detection of other signs of the possession of multiple Accounts, the Deals and their financial outcomes on all such Accounts may be rescinded, and the Accounts may be blocked. In this case, the funds held in those Accounts cannot be considered a financial liability of the Company to the Client.
4.10. If there has been no Smart Contract Activity on the Client's Account for 30 (Thirty) consecutive days, the Client is charged a monthly subscription fee for servicing their Account in the balance of 100 or in an amount equivalent to 100 (depending on the balance of the Account), but no more than the amount of the Account Balance or the funds debited from the Client's Account in the manner specified in clause 4.12 of this Agreement. The subscription fee is canceled in the event that Smart Contract activity is resumed on the Client's Account.
4.11. If there has been no Smart Contract Activity on the Client's Account for 3 (Three) consecutive months, the Company has the right to deem the Client’s Account inactive and move it to the archive while maintaining the funds in the Account minus the subscription fee provided for in clause 4.10 of this Agreement and notifying the Client by email sent to their contact email address.
4.12. If there has been no Smart Contract Activity on the Client's Account for 6 (Six) consecutive months, the Company has the right to debit the funds from the Client's Account in full.
4.13. In order to restore an archived Account and/or return funds to the Account, the Client must contact the Company's Client Support Service using the contact details provided in section 12 of this Agreement.

5. Procedure for Conducting Non-Smart Contract Operations

  • 5.1. The official methods of Account crediting and Withdrawal of Funds are the methods indicated on the Company's Website. The Client assumes all the risks associated with the use of payment systems, as well as payment of commissions of payment systems and/or payment system Providers for making payments and/or currency conversion. The Company is not responsible for the delay or failure to make a payment from the Account or to the Client's Account due to the fault of the payment system and/or the payment system Provider. In the case of claims regarding the operation of any payment system and/or payment system Provider on the part of the Client, they should contact the support service of that payment system and/or Provider accordingly. The Client is obliged to notify the Company of any cases of such complaints.
  • 5.2. To credit the Account, the Client uses the internal interface of the Website. The minimum Deposit amount is 1000. At the discretion of the Company, the minimum Deposit amount may be reduced in certain countries. The exact amount of the minimum Deposit is displayed in the Cashier section in the Client’s Personal Account on the Website when crediting their Account. In addition, the size of the minimum Deposit may be reduced as part of promotions or other activities held by the Company.
  • 5.3. Crediting of an Account using the payment details of third parties is prohibited.
  • 5.4. In the event that signs of fraud are detected in the conducting of financial transactions after the crediting of funds to the Client’s Account, the Company reserves the right to cancel such transactions and block the Client’s Account.
  • 5.5. For the Withdrawal of Funds from an Account, the Client creates a corresponding request using the internal interface of the Website. The minimum withdrawal amount is 1500. At the discretion of the Company, the minimum Withdrawal amount may be reduced in certain countries.
  • 5.6. After the creation of the request, the amount of funds to be withdrawn is not debited from the Client's Account until the exact moment the payment is made. Payments made at the request of the Client are non-refundable.
  • 5.7. The Client is solely responsible for the accuracy and reliability of the data entered in their Withdrawal request.
  • 5.8. A Client’s request for Withdrawal of funds is processed by the Company within 3 (Three) business days following the day of filing such a request. The moment of receipt of funds by the Client depends on the speed of transaction processing by the payment system and/or the Provider of the payment system. The following limits apply to the Withdrawal of funds on the Site: no more than 50000 (depending on the Account balance), per day; no more than 500000, before the end of the current week; no more than 2500000, (depending on the Account currency), before the end of the current month. These limits may be reduced in connection with the particular features of individual withdrawal methods. The Client can learn the exact limits for the Withdrawal of funds for each Withdrawal method from the Company's Client Support Service using the contact information specified in section 12 of this Agreement.
  • 5.9. After giving prior notice, a Client’s request for the Withdrawal of Funds may be withheld by the Company's security service without execution for up to 10 (Ten) business days.
  • 5.10. Withdrawals from the Client's Account are carried out in the same manner and using the same account that was used by the Client when crediting their Account. If for technical reasons this is not possible, the Client has the right to use another method and/or other account for the Withdrawal of Funds. In this case, the Client's data for that account must coincide with the data the Client specified during verification. The Company has the right to request proof from the Client to confirm the impossibility of the Withdrawal of Funds using the method and account that were used to credit the Account.
  • 5.11. In order to comply with international legislation on countering money laundering (Anti-Money Laundering, AML), when Withdrawing Funds from an Account, the Company has the right to request from the Client confirmation that the account to which the Withdrawal is being made belongs to the Client, as well as notarized and, if necessary, apostil led/legalized copies of documents proving the identity, place of residence, and place of registration of the Client. In the event of unjustifiable refusal of the Client to provide these documents, the Company is entitled to decline the Withdrawal of Funds.
  • 5.12. If the Client clearly intends to use their Account for exchange transactions between payment systems, the Company has the right to decline the Client's request for Withdrawal of Funds from their Account.
  • 5.13. If the Client deposits funds into their Account and subsequently decides to withdraw them in full or in part, while their Smart Contract Turnover has not yet exceeded three times the Deposit amount, the Withdrawal fee will be free till Plan- C. after that each withdraw 2USDT (2$) of the Account Balance or the Client’s last Deposit, depending on which figure is greater.
  • 5.14. The Company shall not be liable for the actions of third parties engaged in intermediary activities when the Client conducts operations to credit or Withdraw funds from their Account.
  • 5.15. When the Client conducts operations to credit their Account, the Company's financial responsibility starts when the Client's funds are received in the Company's bank account and/or in the Company’s account in the payment systems indicated on the Website.
  • 5.16. When the Client conducts operations to Withdraw Funds, the Company's financial responsibility ceases when the funds are withdrawn from the peer to peer account in the payment systems indicated on the Website.
  • 5.17. In the event of technical errors on the part of the Company when completing financial transactions, the Company reserves the right to cancel such transactions, as well as the results of services provided by the Company based on such transactions.
  • 5.18. The Company has the right to impose a limit on the Withdrawal of Funds equal to the sum of the Client's Deposits for the last 30 (Thirty) days.
  • 5.19. In cases where the Company's Security Service suspects the Client of fraud or deception, the Company has the right to block the Client's Account without prior notice and without the possibility of Withdrawing Funds in the amount of actual damage caused by the actions of the Client to the Company, as well as the profits that the Client received as a result of the fraud or deception.

6. Quotes

7. Procedure for Conducting Smart Contract Operations

7.1 The following Smart Contract Mechanics are available to the Client:
  • 7.1.1. The Client draws up a Smart Contract Order, which is then tested for correctness on the Smart Contract Platform.
  • 7.1.2. From the Smart Contract Platform, the Client’s Smart Contract Order is transmitted to the Server, where it is retested.
  • 7.1.3. After being retested, the Smart Contract Order is processed on the Server, and the result of the processing is transmitted to the Smart Contract Platform.
7.2. The processing time of a Client's Smart Contract Order depends on the quality of communication between the Smart Contract Platform and the Server, as well as on the market conditions. Under normal market conditions, the processing time of a Client’s Smart Contract Order is usually 0-4 seconds. Under market conditions other than normal, the processing time of a Client’s Smart Contract Order may be extended.
7.3. Opening Deals
  • 7.3.1. The minimum amount of a Deal on the Smart Contract Platform is 25 USDT.
  • 7.3.2. A Client’s Smart Contract Order to open a Deal will be rejected for the following reasons: A] - the Client submits the Smart Contract Order before the first quote of the Deal Asset is received on the Smart Contract Platform at the opening of the market; B]- There are not enough available funds in the Client’s Account to open a new Deal.
  • 7.3.3. A Client’s Smart Contract Order to open a Deal may also be rejected by the Server under market conditions other than normal.
  • 7.3.4. A Client’s Smart Contract Order to open a Deal is considered executed, and the Deal open, after a corresponding record appears in the Log File. Each Deal on the Server is assigned a unique identification number.
7.4. Closing Deals
  • 7.4.1. The closing of the Deal occurs at the current price of the Deal Asset that is on the Server at the time of the closing of the Deal.
  • 7.4.2. A Client’s Smart Contract Order to close a Deal is considered completed, and the Deal closed, after a corresponding record appears in the Log File.
7.5. The Company has the right to limit the maximum number of Deals made by a Client in one minute, hour, or calendar day.
7.6. The Company has the right to change the percentage of yield, the size of the minimum and maximum amount of a Deal, as well as the Expirations, for one, several, or all of the Assets.
7.7. Malfunctions and/or failures in the operation of computer equipment and software of the Company, unstable Internet connections, interruptions in the transmission of information streams, interruptions in power supply, malfunctions in the operation of exchanges, hacker attacks, as well as any illegal actions in regard to equipment and/or the Company Server, force majeure circumstances, and the suspension of Smart Contract on financial markets, which affect the Assets available on the Website are direct grounds for the invalidation of Deals executed under those circumstances.

8. Bonuses and gifts, and participation in tournaments and promotions.

9. Client risks

9.1. The Client fully acknowledges the following:
  • the conducting of Smart Contract operations with financial instruments is accompanied by significant risks. Before using the Company's services, the Client needs to analyze their financial capabilities;
  • the Smart Contract Operations they carry out through the Smart Contract Platform are not deals concluded on an official exchange. They are over the counter, and therefore carry a greater risk for the Client than official exchange deals;
  • any information and/or recommendations they receive on the Website from representatives or partners of the Company are not considered a direct offer to conduct a Smart Contract Operation or a financial transaction;
  • any information and/or recommendations they receive on the Website from representatives or partners of the Company are not considered a direct offer to conduct a Smart Contract Operation or a financial transaction;
  • in market conditions other than normal, the processing time of their Smart Contract Orders may be extended, as a result of which the Client may incur losses. In addition, sharp fluctuations of Quotes may result in losses for the Client, as the Deal may be executed at a price different from the price displayed on the Smart Contract Platform.
9.2. In some countries, use of the Company's services may be restricted or prohibited by law. The Client assumes all risks associated with analysis of the legislation of their country, or their country of residence, for such restrictions or prohibitions, as well as responsibility for using the services of the Company in countries where they are restricted or prohibited.
9.3. The Client acknowledges that the Company does not guarantee receipt by the Client of profit in any amount or the absence of losses in the course of the Client using the services.

10. Guarantees and liability. Force majeure

11. Complaints and dispute resolution

12. Contacts

13. Taxes

14. Validity, amendment, and termination of this Agreement

15. Final provisions