Last updated: 31 January 2023
About Stabiliti Platform and the operator of the Platform
About these terms
The functionality and availability of our Platform
Registration on and use of our Platform
Eligibility to register. You must meet the criteria listed below to become a Registered User. By creating an account, you confirm that:
Our right to reject an account registration or to suspend or terminate any account. We will have the right to refuse to register an account on our Platform at our sole discretion, in particular, if we believe that the information provided during the account registration was incorrect or the account was opened fraudulently. We may suspend or terminate an existing account immediately and without notice if we believe that a Registered User is in breach of any of these terms, no longer meets the eligibility criteria, or if we are required to do so under any applicable law or regulations or asked to do so by a regulator or any governmental body.
Keep your account details secure. You shall: (a) maintain the confidentiality and security of your account access credentials and not disclose them to anyone; and (b) update your access credentials as soon as you become aware or suspect that your credentials have been compromised, or in case of any actual or suspected unauthorised use of your access credentials. We will not be liable to you for any loss or damage you incur as a result of your breach of this section 4.4.
Right to use our Platform. By accepting your account registration application and creating an account for you on our Platform, we grant to you a limited, non-exclusive, non-transferable, revocable right to access and use the Platform, subject to your compliance with these terms, including section 4.6
Prohibited uses. You shall not use the Platform for or in connection with any of the purposes or any of the manners listed below, and you acknowledge that any such use may result in immediate suspension or termination of your account and of your right to use the Platform. You shall not use the Platform to:
We are not responsible for viruses and you must not introduce them. We do not guarantee that the Platform will be secure or free from bugs or viruses. You are responsible for configuring your information technology, computer programmes and platform to access the Platform. You should use your own virus protection software. You must not misuse the Platform by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorised access to our Platform, the server on which the Platform is stored or any server, computer or database connected to the Platform. You must not attack the Platform via a denial-of-service attack or a distributed denial-of-service attack. By breaching this provision, you may commit a criminal offence. 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 the Platform will cease immediately.
Purchase of the Carbon Credits
Retirement of the Carbon Credits
Retirement. If you are a holder of the Carbon Credits on the Platform, you will have the right to retire such Carbon Credits on the Platform to offset your carbon footprint. There is no limit on how many Carbon Credits you can retire of those that you hold, but we have the right, at our absolute discretion, to refuse to retire the Carbon Credits on the Platform for any reason and without notice. If we refuse to retire the Carbon Credits, we will notify you of our decision via email using the email address you provided to us in your account registration. For more information on how to retire the Carbon Credits, please see our website here retirement. Once the Carbon Credits have been retired it will not be possible to reverse that process.
Carbon Credits. Once you have purchased Carbon Credits through the Platform, you are the legal owner of the Carbon Credits and we act as custodian on your behalf. However, you acknowledge that purchase of the Carbon Credits does not make you the legal owner of the Off-Chain Carbon Credits. Instead, we hereby grant you, with effect from the moment of purchase of the Carbon Credits a right to display and retire the Carbon Credits on the Platform. The carbon projects remain the legal owner of the Off-Chain Carbon Credits and we act as custodian on your behalf and will retire them on your behalf at the moment you retire the Carbon Credits on the Platform.
Restrictions. You shall not, and shall not permit any other person to do or attempt to do any of the following:
Any breach of the restrictions set out in section 9.2 will result in the automatic termination of the licence to use the Content granted under section 9.1.
Third-party sites, products and services
The Platform may integrate with third-party platforms or services, for example, digital wallets, carbon registries or payments processing services (Third-Party Products). You acknowledge that all Third-Party Products are provided by the relevant third parties, not by us, and are subject to the third-party terms applicable to Third-Party Products. We will not be responsible for the availability of any Third-Party Products and will not be liable to you for any matters related to the delivery of (or a failure to deliver) any Third-Party Products to you.
Risks. You acknowledge that the Platform and the Carbon Credits utilise new types of technologies and is subject to various risks, some of which are difficult to predict. By registering an account on the Platform, you accept the following risks:
Delays. If any transaction on the Platform is delayed by an event outside our control, for example as a result of any delays in the blockchain network, we will not be liable for delays caused by such event. You acknowledge that it will not be possible to cancel or reverse any transaction even in the circumstances of a significant delay.
Cancellation. You acknowledge that all transactions on the Platform are irreversible and agree that no refunds will be due to you in any circumstances.
Disclaimers and liability
Other important terms