Bitlenz Terms of Use

1. About Bitlenz

Bitlenz is an experimental, non-commercial hobby project that provides a simulated environment in which users can make predictions about cryptocurrency price movements using fictional Play Credits.

Bitlenz is not currently operated through a company or other incorporated legal entity.

References in these Terms to “Bitlenz”, “we”, “us” or “our” mean the individual operator(s) of the Bitlenz project.

Bitlenz does not operate a cryptocurrency exchange, brokerage, investment platform, casino, sportsbook or real-money betting service.

2. Play Credits Have No Monetary Value

Bitlenz may give users fictional credits (“Play Credits”) for use solely within the Platform.

Play Credits are not money, cryptocurrency or financial assets.

Play Credits:

• are provided free of charge
• cannot be purchased from Bitlenz
• cannot be deposited by users
• cannot be withdrawn
• cannot be cashed out
• cannot be redeemed for fiat currency or cryptocurrency
• cannot be exchanged for goods or services
• cannot be transferred between users
• cannot be transferred to a cryptocurrency wallet
• are not recorded on a blockchain
• have no exchange rate against any currency or cryptocurrency
• have no cash or monetary value
• do not represent Bitcoin, Ether or any other cryptoasset
• do not represent ownership of any underlying asset
• do not constitute a security, investment, deposit or stored monetary balance
• carry no promise that they will ever become transferable, redeemable or valuable

Any balance displayed by Bitlenz is therefore a fictional gameplay score, not a financial account balance.

Bitlenz does not owe users money corresponding to their Play Credit balances.

3. Free Credits — No Consideration Required

Users may receive Play Credits automatically and without payment.

Users are not required to do anything of value in exchange for receiving Play Credits.

In particular, users are not required to:

• pay money
• deposit cryptocurrency
• purchase cryptocurrency
• make a real investment
• connect a cryptocurrency wallet
• purchase a subscription
• purchase goods or services
• refer another person
• advertise or promote Bitlenz
• post on social media
• provide services to Bitlenz
• undertake any other activity as consideration for receiving the Play Credits

Play Credits are not wages, compensation, commission, investment returns, interest, rewards or payment for services.

Receiving Play Credits does not create an employment, agency, partnership, investment, advisory or other financial relationship between Bitlenz and the user.

4. Predictions Are Simulations

Users may use Play Credits to make simulated predictions concerning cryptocurrency price movements.

For example, Bitlenz may allow a user to predict whether the market price of Bitcoin will be higher or lower at a specified future time.

These predictions occur only inside the Bitlenz simulation.

Making a prediction does not:

• purchase cryptocurrency
• sell cryptocurrency
• place an order on an exchange
• transfer cryptocurrency
• create ownership of cryptocurrency
• create a real financial position
• create a derivative, option, future or contract for difference between the user and Bitlenz
• require Bitlenz to purchase an underlying asset
• expose the user to a real monetary loss
• entitle the user to receive a real monetary gain

If a prediction is unsuccessful, the user may lose fictional Play Credits but does not lose money, cryptocurrency or other property.

If a prediction is successful, the user may receive additional fictional Play Credits but does not thereby become entitled to money, cryptocurrency or other property.

5. No Deposit, Stake or Financial Loss

Bitlenz does not accept deposits or stakes of money, cryptocurrency or other items of monetary value in connection with ordinary Play Credit predictions.

A user cannot incur a debt to Bitlenz as a consequence of a prediction.

A user cannot lose more than fictional Play Credits.

There is no mechanism for Bitlenz to enforce a Play Credit loss against a user’s real-world assets.

6. No Financial Advice or Encouragement to Invest

Bitlenz is designed for entertainment, experimentation and/or educational purposes.

Nothing displayed through Bitlenz constitutes financial, investment, trading, legal or tax advice.

Bitlenz does not recommend that users buy, sell, hold or trade cryptocurrency.

The fact that Bitlenz allows users to make simulated predictions about an asset does not constitute an endorsement of that asset or an invitation to invest in it.

Users should not assume that success in a simulation would translate into success in real-world trading.

7. Market Data

Bitlenz may use cryptocurrency prices and other information supplied by third-party data sources.

Such information is used to determine simulated outcomes.

Bitlenz does not guarantee that market information is accurate, complete, continuous or real-time.

Prices may differ from those displayed by cryptocurrency exchanges or other services because of latency, methodology, outages, API errors and other factors.

Bitlenz may designate a particular data source and calculation methodology for determining the outcome of predictions.

8. No Guaranteed Availability

Bitlenz is an experimental hobby project.

The Platform may contain bugs, errors, incomplete features or inaccurate information and may experience interruptions or data loss.

To the extent permitted by applicable law, Bitlenz is provided on an “as is” and “as available” basis.

Features may be added, changed, suspended or removed.

Bitlenz may reset Play Credit balances, prediction history, leaderboards or other simulated data where reasonably necessary for testing, maintenance, correcting errors or operating the Platform.

Because Play Credits have no monetary value, users should not rely upon their continued availability.

Nothing in these Terms excludes rights or liabilities that cannot lawfully be excluded.

9. Acceptable Use

Users must not use Bitlenz to:

• commit fraud or other unlawful activity
• interfere with the operation or security of the Platform
• exploit bugs or vulnerabilities
• manipulate prediction results
• manipulate external markets or market-data sources
• access another person’s account without permission
• circumvent technical restrictions
• use automated systems contrary to rules displayed by Bitlenz
• impersonate another person
• use Bitlenz in a manner prohibited by applicable law

Bitlenz may suspend or terminate access where reasonably necessary to protect the Platform, other users or comply with law.

10. Age and Eligibility

Unless Bitlenz expressly implements different age requirements following appropriate legal review, users must be at least 18 years old to use prediction functionality.

Users may access Bitlenz only where doing so is lawful.

Bitlenz may restrict access from particular countries or territories where necessary for legal, regulatory, sanctions or operational reasons.

11. No Real-Value Prizes Unless Separately Governed

Ordinary Bitlenz gameplay does not entitle users to cash, cryptocurrency or other prizes of monetary value.

If Bitlenz ever introduces cash prizes, cryptocurrency prizes, merchandise, competitions, giveaways, redeemable rewards or anything else having real-world value, those features may be governed by separate rules and may not be introduced until Bitlenz has considered the applicable legal and regulatory requirements.

The existence of any separate promotion does not make ordinary Play Credits redeemable or give Play Credits monetary value.

12. No Secondary Market

Users may not sell, buy, transfer or otherwise attempt to create a secondary market for Play Credits or Bitlenz accounts.

Bitlenz does not recognise any third-party valuation of Play Credits.

An unauthorised person offering to purchase Play Credits does not create an obligation on Bitlenz to redeem them or recognise them as having value.

13. Intellectual Property

The Bitlenz name, software, interface, graphics and original content are protected by applicable intellectual property laws.

Users receive only a limited, personal, non-exclusive and revocable permission to access the Platform for its intended purposes.

Nothing in these Terms transfers ownership of Bitlenz intellectual property to users.

14. Third-Party Services

Bitlenz may use or link to third-party services, websites, exchanges, APIs or market-data providers.

Those services are operated independently from Bitlenz.

Bitlenz is not responsible for third-party services to the extent permitted by applicable law, and references to cryptocurrency exchanges or assets do not constitute endorsements.

15. Limitation of Liability

Nothing in these Terms excludes or limits liability where doing so would be unlawful.

Subject to that qualification, users acknowledge that Bitlenz is an experimental hobby project and should not be relied upon for financial decisions, investment decisions, professional trading, preservation of data or any other purpose requiring uninterrupted or error-free operation.

To the maximum extent permitted by applicable law, the operator(s) will not be liable for indirect or consequential losses arising from use of or inability to use Bitlenz.

Any limitation in these Terms remains subject to mandatory consumer-protection and other applicable laws.

16. Changes and Termination

Bitlenz may modify, suspend or discontinue the Platform or individual features.

Bitlenz may also update these Terms.

Where required by applicable law, users will receive appropriate notice of material changes.

Users who do not agree to updated Terms should stop using the Platform.

17. Privacy

Personal information collected through Bitlenz will be handled in accordance with the Bitlenz Privacy Notice and applicable data-protection law.

The Privacy Notice should explain what information Bitlenz collects, why it is collected, how long it is retained, with whom it is shared and the rights available to users.

18. Applicable Law

These Terms and any dispute relating to Bitlenz are subject to England & Wales.

Nothing in this section deprives a consumer of mandatory protections or rights that apply under the law of their country of residence where those protections cannot lawfully be excluded.

19. Contact

Questions concerning Bitlenz or these Terms may be sent to:

support@bitlenz.com