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Terms Conditions

Terms Of Use – GoodDollar (Phase 1)

Last Updated: February 19th, 2020

These Terms of Use, together with the referenced documents (together hereinafter: the “Terms”), govern your use of our website (the “Website“), our mobile and desktop apps, which may include a non-custodial e-wallet (our “Apps” and “Wallet”), the BLK LUV account (the “Account”), and the BLK LUV tokens (“ Tokens of LUV”), which may be available via our Website (together: the “Services”).

Please read these Terms carefully before using our Website or Services. By using our Website or Services, you (“User”, “you”, “your”) indicate that you accept these Terms and agree to abide by them. If you do not agree to any of these Terms, please refrain from using our Website or Services.

BLK LUV shall be entitled to modify, change, or amend the Terms at any time in accordance with its governing law and regulations. BLK LUV shall post the amended Terms on the Website, stating the date of the last amendment, and you are advised to check for any such updates from time to time. To the extent that any such amendment imposes material obligations on users and/or would require their preparation or action, BLK LUV shall give reasonable advance notice before such amendment comes into force. Your continued use of the Website, Services, Smart Contract System and/or Tokens following any amendment to these Terms constitutes your acceptance of the amendment and consent to be bound by the amended Terms. In the event, you do not accept any amendment, your sole and exclusive remedy shall be to cease using our Website, Services, Smart Contract System, and/or Tokens.

BLK LUV Services are launched gradually in two or more phases. The initial phase (“Phase 1”) governed by these Terms shall commence on the date of the launch of the Services and end at the commencement of the next phase. During phase 1, the availability of the Services may be limited in scope as further detailed herein. BLK LUV does not undertake to complete Phase 1 or to continue the deployment of the next phases. Furthermore, BLK LUV shall be entitled to cease, freeze or terminate the BLK LUV project at any time and for any reason at its sole and absolute discretion.

1. Information About Us
Our Services are provided by BLK LUV Org, a not-for-profit company limited by guarantee, registered in the United States, registration number 21018281, having its registered office at 2960 Olympic Industrial Drive, Atlanta, GA (“BLK LUV Org” “We“, “Our“, “Us“).

2. Age Restriction
By using our Services, you represent and warrant that you are 13 years of age or older. If you are not 13 years of age or older, you must not access our website or use any of our Services.

3. BLK LUV’s Vision
BLK LUV’s vision is to end racism and allow sustainable income and financial literacy to the people who need it the most. BLK LUV mission is to develop a new blockchain-based internet platform, and protocol for generating and distributing universal LUV income (“ULI“), in a form of tokens of LUV periodical grant (“BLK LUV Token” or “Token of LUV”). We intend to achieve this through smart contracts coded and deployed to the Fuse blockchain which is a sidechain of the Ethereum network (“Fuse“), in order to facilitate the issuance, holding, and transfer of Tokens of LUV.

To learn more please read our whitepaper [Link]

4. BLK LUV Protocol
BLK LUV Protocol comprises smart contracts infrastructure governing the reserve, issuance, and distribution of Tokens of LUV to users. The smart contracts allow donors to stake certain cryptocurrencies on an Interest-Bearing Lending Protocol such as Compound. finance and contribute the earned interest to BLK LUV’s reserve (“Reserve). A smart contract will generate new Tokens of LUV on a periodical basis, in accordance with BLK LUV’s formula that is published on the Website. Newly issued Tokens of LUV will then be distributed equally among Users who have made a ULI claim, in accordance with BLK LUV’s policies.

5. Our Services
5.1. Signing Up To Our Services
BLK LUV aims to provide its users with a ULI in a form of Tokens of LUV, and to that end, it needs to enforce a one-user one-account policy. In order for you to participate in the BLK LUV scheme and claim the tokens of $LUV, you must, through our website, subscribe to our Apps, which contains a compatible self-custody wallet.

In case of contradiction between these terms of use and the Privacy Policy, the Privacy Policy shall prevail.

5.2. Universal LUV Income
Following the opening of a BLK LUV account, you may be entitled to make periodical claims of Tokens of LUV, and receive Tokens of LUV through the smart-contract to your BLK LUV Wallet. ULI is granted to you free of any charge and you hereby waive any claim against BLK LUV in connection with any malfunction of the Services and/or your dissatisfaction thereof.

5.3. Tokens of LUV
During Phase 1, BLK LUV shall not facilitate the redemption of the Tokens of LUV for cryptocurrencies stored in the Reserve as part of its Services, nor does it guarantee to facilitate Token redemption at later phases. We make no representation that the Tokens will have any value during Phase 1 or at any time in the future User shall have no claim for redemption out of the Reserve at any time and User shall have no claim for redemption out of the Reserve at any time.

5.4. No Contractual Relationship And Rights
User understands and accepts that the Tokens do not represent or constitute any ownership right or stake, share or security or equivalent rights nor any right to receive future revenues, shares, or any other form of participation or governance right in or relating to the Smart Contract System, the Reserve, and/or BLK LUV.

BLK LUV does not undertake to make all of the Services available to all Users at all times, and it is explicitly agreed that the launch of the Services may be gradual, partial, and limited in scope, jurisdiction, or otherwise.

5.5. Wallet Services
BLK LUV’s App is a cryptocurrencies wallet designated for receiving, and transferring Tokens of LUV and or other compatible cryptocurrencies (“e-wallet”). The e-wallet in a non-custodial wallet compatible with the ERC20 token standard. The access and control over the User’s e-wallet shall be solely in the User’s hand, and BLK LUV shall have no access to such e-wallet in any event, including in the event of User’s loss of access to its e-wallet.

Your e-wallet enables you to send and receive Tokens of LUV and other supported cryptocurrencies to/from other compatible e-wallets. When making a transfer to or from a wallet other than BLK LUV’s e-wallet, you are solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state and may result in delays or loss incurred as a result of an error in the initiation of the transaction. You should verify all transaction information prior to submitting them. You must guard and backup the private key and/or other access credentials are given to you during your e-wallet registration. BLK LUV shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address. BLK LUV does not control the blockchain network and makes no guarantees that a transfer will be confirmed by the network.

5.6. Compliance With Tax Obligations
You are solely responsible to determine what, if any, taxes apply to your Tokens of LUV. We are not responsible for determining the taxes that apply to your transactions. You represent that you will comply with any applicable tax obligations in your jurisdiction arising from your use of our Services.

5.7. Prohibited Uses
You may use the website and our Services only as permitted under these terms of use. You agree not to:

use the website, our Services, or receive BLK LUV Tokens, unless you are legally permitted to hold BLK LUV tokens under the applicable law of your jurisdiction.
use the Website or Services if you are not 13 years of age or older.
use the Website or our Services in any way that violates any applicable law, including any federal, state, local, or international law or regulation;
use the Website or our Services in any manner that could impair, disable, overburden, damage, or interfere with any other party’s use of the website or Service;
send, knowingly receive, upload, download, use or re-use any material in breach of these terms;
attempt to gain unauthorized access to, interfere with, damage or disrupt any parts of the website or Services, the server on which the Website and Service is stored, or any connected server, computer, or database, or otherwise, attempt to interfere with the proper working of the Website or Services;
use any manual process, any robot or other automatic device, process, or means to access the website or Service for any purpose other than as permitted under these terms; or use any device, software, or routine that interferes with the proper working of the website or our Services, or engage in any conduct that restricts or inhibits anyone’s use of the website or our Services.

5.8. Geographic Restrictions
Due to the regulatory uncertainty in the US market, we advise that all US person read carefully the following announcement:

NO U.S. PERSONS MAY USE THE SERVICES OR SUBSCRIBE TO THE SERVICES. By using the Services, you represent that you are not a U.S. Person (as defined in Regulation S promulgated under the U.S. Securities Act of 1933, as amended), and you are not using the Services for the account or benefit of a U.S. Person.

You represent and warrant that you are not a citizen of a nation or geographic area in which access to or use of the Website and/or Services is prohibited by applicable law, decree, regulation, treaty, or administrative act.

We do not provide the Services in a country or territory that is, or whose government is, the subject of sanctions by the US Department of the Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other relevant sanctions authorities, including (but not limited to) Belarus, Burma (Myanmar), Central African Republic, the Crimea region, Cuba, the Democratic Republic of the Congo, Iran, Iraq, Libya, Mali, North Korea, South Sudan, Somalia, Sudan, Syria, Yemen, Venezuela or Zimbabwe (as amended from time to time).

You represent and warrant that your use of the Services complies with applicable law and/or regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other applicable legal requirements (ii) any foreign exchange or regulatory restrictions applicable to such participation, and (iii) any governmental or other consents that may need to be obtained. You further represent that you are not a citizen or resident of, or located in, a nation or geographic area that is subject to any sovereign country sanctions or embargoes, or an individual, entity, or an individual employed by or associated with an entity, identified on any denied persons or entity lists, specially designated nationals or blocked person lists, or the debarred parties’ lists.

User shall be solely responsible for its use of the Services and the compliance with the above with all laws and regulations applicable to it.

7. Accessing Our Website And Services
Access to our website and Service is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide without notice. We will not be liable if for any reason our Website or Service is unavailable at any time or for any period.

From time to time, we may restrict access to some or all parts of our website or Service.

If you choose, or you are provided with a user identification code, password, or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of these terms of use.

You are responsible for making all arrangements necessary for you to have access to our website and Service.

8. Intellectual Property Rights
We are the owner or the licensee of all intellectual property rights in our website and our Service, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

You may print off one copy and may download extracts, of any page(s) from our site for your personal reference and you may draw the attention of others within your organization to material posted on our website.

You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences, or any graphics separately from any accompanying text.

Our status (and that of any identified contributors) as the authors of material must always be acknowledged.

You must not use any part of the materials for commercial purposes without obtaining a license to do so from us or our licensors.

If you print off, copy or download any part of our website or our Services in breach of these terms of use, your right to use our site will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.

9. Reliance On Information Posted
Commentary and other materials posted on our website are not intended to amount to advice on which reliance should be placed. We, therefore, disclaim all liability and responsibility arising from any reliance placed on such materials by any visitor to our website, or by anyone who may be informed of any of its contents.

BLK LUV takes no representation or warranty, express or implied, to the extent not prohibited by applicable law, regarding the advisability of investing in securities, funds, commodity interests, partnership interests, or other investments or funding or purchasing loans. The past performance of any investment, loan, security, partnership interest, commodity, or financial instrument is not a guide to future performance. BLK LUV does not offer fiduciary services and is not your agent, advisor, or fiduciary.

10. Our Website And Services Change Regularly
We aim to update our website regularly and may change the content at any time. If the need arises, we may suspend access to our website or our Services or close it indefinitely at our sole discretion without notice. Any of the material on our site may be out of date at any given time, and we are under no obligation to update such material.

11. Our Liability
Whilst we take every reasonable precaution and care in relation to our website and Services, our website and Services are provided without any guarantees, conditions, or warranties as to its accuracy. To the extent permitted by law, we expressly exclude all conditions, warranties whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement, and fitness for a particular purpose, and any other terms which might otherwise be implied by statute, common law or the law of equity.

In particular, we will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses, or other technologically harmful material that may affect your mobile phone, computer equipment, computer programs, data, or other proprietary material due to your use of our website or Services, BLK LUV’s obtained through our Services.

We accept no liability for any loss of income or revenue, loss of business, loss of profits or contracts, loss of anticipated savings, loss of data, waste of management or office time, or for any indirect or consequential loss or damage arising from, whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable:

mistakes made by the user of our website, Services, or any Ethereum-related software or service, including forgotten passwords, accidental deletion of wallets, or payments sent to wrong Ethereum addresses;
software problems of our website, Services, and/or any Ethereum-related software or service, including corrupted wallet files, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the website, Services and/or any Ethereum-related software or service;
technical failures in the hardware or security problems experienced by the user of our Services or any Ethereum-related software or service, including data loss due to a faulty or damaged storage device, unauthorized access to users’ wallets and/or accounts;
actions or inactions of third parties and/or events experienced by third parties, including the bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties; or
events, circumstances, or causes beyond our reasonable control (force majeure).
This does not affect our liability for death or personal injury arising from our negligence, nor our liability for fraudulent misrepresentation or misrepresentation as to a fundamental matter, nor any other liability which cannot be excluded or limited under applicable law.
To the extent permitted by applicable law, our total aggregate liability to you for all and any damages, losses, or causes of action arising, by reason of or in connection with your use of our site, shall be limited to £100.

12. Indemnification
You agree to defend, indemnify and hold us, our affiliates, licensors, and service providers harmless from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or relating to your violation of these terms of use or otherwise.

13. Information About You And Your Visits To Our Site
We process information about you in accordance with our Privacy Policy ( By using our website and Services, you consent to such processing and you warrant that all data provided by you is accurate.

14. Uploading Material
We will not be responsible, or liable to any third party, for the content or accuracy of any materials posted by you or any other user of our site.

We have the right to remove any material or posting you make on our site if, in our opinion, such material does not comply with the content standards set out in these terms. You may not upload content that is in breach of these terms or applicable law, including any content that:

is copyrighted by a third-party.
violates any law or regulation.
contains or depicts nudity, is sexually explicit, or advertises erotic services. This includes pornographic content and content that promotes escort services, erotic massage, fetish fulfillment, or strip clubs.
promotes seduction coaching or pickup artist (PUA) techniques.
promotes or depicts violence in a gratuitous and non-fictional manner (including but not limited to; war footage, animal cruelty, self-harm, or gore).
promotes terrorist organizations, whether or not violence is depicted.
incites hatred or displays a demeaning attitude toward a group based on age, disability, ethnicity, religion, race, sexual orientation, or gender identity.

15. Merger Or Acquisition
In order to ensure a smooth transition of services relative to your subscription, in the event of a merger, acquisition, reorganization, sale of all or substantially all of its assets, or the sale of an individual website owned by us, we may transfer your personal data to a third party as a part of such merger, acquisition, reorganization, or sale. In any such case, we will provide an opportunity to opt-out of such a data merger before such an event will take place.

16. Viruses, Hacking And Other Offences
You must not misuse our website or Service by knowingly introducing viruses, trojans, worms, logic bombs, or other material which is malicious or technologically harmful. You must not attempt to gain unauthorized access to our website or Service, the server on which our website or Service is stored, or any server, computer, or database connected to our website or Service. You must not attack our website or Service via a denial-of-service attack or a distributed denial-of-service attack.

By breaching this provision, you would commit a criminal offense under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our website or our Service will cease immediately.

We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses, or other technologically harmful material that may infect your computer equipment, computer programs, data, or other proprietary material due to your use of our website or to your downloading of any material posted on it, or on any website linked to it.

17. Linking To Our Website
You may link to any page on our website, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.

Our website must not be framed on any other site, nor may you create a link to any part of our website other than the home page. We reserve the right to withdraw linking permission without notice.

If you wish to make any use of material on our website other than that set out above, please address your request to [email protected]

18. Links From Our Site
Where our website contains links to other sites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those sites or resources and accept no responsibility for them or for any loss or damage that may arise from your use of them.

19. No Financial Services Or Advice; No Fiduciary Duty
The information and any materials contained in the Websites or Services should not be considered as an offer or solicitation to buy or sell financial instruments, provide financial advice, create a trading platform, facilitate or take deposits or provide any other financial services of any kind in any jurisdiction.

The information contained on or in the Websites and Services is not intended to provide and should not be construed as advice of any kind. You shall not use the Websites and Services as a substitute for independent investigations and competent financial judgment and you should obtain appropriate professional advice when necessary. It does not take into account your objectives, financial situation, or needs.

BLK LUV has no fiduciary duty to you. You agree and acknowledge that you are solely responsible for conducting a full and diligent review of any and all legal, accounting, regulatory or tax-related implications that may result from your use of the Services. We recommend that you consult with a licensed legal and financial professional prior to accessing the Website or using the Services.

20. Risk Factors
User understands and accepts the risks in connection with the use of the Services and/or ownership of Tokens of $LUV, including but not limited to the risks set forth hereinafter:

Risk of software weaknesses: User understands and accepts that the underlying software is still in the development stage and unproven, that there is no warranty that the process for the receipt, use, and ownership of BLK LUV Tokens of $LUV will be uninterrupted or error-free and that there is an inherent risk that the software and related technologies could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of your BLK LUV Tokens of LUV.
Regulatory risk: The user understands and accepts that blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology-based applications, which may be contrary to the current setup of BLK LUV and which may, inter alia, result in substantial modifications of the BLK LUV model, including its termination and the loss of BLK LUV Tokens.
Risk of abandonment: The user understands and accepts that the distribution and the development of the BLK LUV platform may be abandoned for a number of reasons, including lack of interest from the public and lack of funding.
Risk of loss of private key: BLK LUV Wallet and tokens may only be accessed using your private credentials and/or private key that corresponds to the address at which it is stored. User understands and accepts that if his private key is lost or stolen, the BLK LUV Tokens of LUV stored on his Wallet will be unrecoverable and permanently lost.

Risk of theft: The user understands and accepts that BLK LUV’s underlying software or the blockchain network on which BLK LUV Token of $LUV is based on, may be exposed to attacks by hackers that could result in theft or loss of his Tokens.

21. Jurisdiction And Applicable Law
The courts will have exclusive jurisdiction over any claim arising from or related to, use of our Website and/or Services.
These terms of use and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the United States.

22. Variations
Any changes we may make to these terms in the future will be posted on this page and, where appropriate, notified to you by e-mail. You are also expected to check this page from time to time to take notice of any changes we made, as they are binding on you. Some of the provisions contained in these terms of use may also be superseded by provisions or notices published elsewhere on our site.