Trading Room Rules

RULES AND POLICIES GOVERNING THE TRADING ROOM

These Terms and Conditions (hereinafter referred to as the “Terms”) are designed for proper regulation of organizing and holding of buy and sell operations of the Bitcoin mining contracts in the VTLChain Trading Room (hereinafter referred to as the “Trading Room”) on the virtualtradelink.com Website. These Terms regulate the legal relations between the Participants of the Trading Room.

1. DEFINITIONS

   1. VTLChain Trading Room — an infrastructure of services provided by the virtualtradelink.com Website, which enables registered platform users to submit Bitcoin mining contracts as “Orders” for buy and/or sell operations on the Trade Desk online at the specified parameters.
   2. Trading Room Organizer — the virtualtradelink.com Website (hereinafter referred to as the “Organizer”) as specified in the Terms and Conditions.
   3. Website — https://virtualtradelink.com/.
   4. Trade Desk — an electronic register of all submitted Orders for buy and/or sell operations on the Trade Desk at all price levels submitted by the Participants. It is updated in real-time.
   5. Trading Room Participant — a legally competent customer (hereinafter referred to as the “Participant”) of the Website, who has contractual relations with the Organizer and states his/her willingness to buy or sell Orders on the Trade Desk.
   6. Order — a submitted application for the Bitcoin mining contract selling or buying placed on the Trade Desk by the Participant.
   7. Buyer — the Participant, who has contractual relations with the Organizer and states his/her willingness to buy an Order(s) on the Trade Desk.
   8. Seller — the Participant, who has contractual relations with the Organizer and states his/her willingness to sell an Order(s) on the Trade Desk.
   9. Buy Order — a submitted bid for Order buying made by the Buyer, which is automatically placed on the Trade Desk in the “Buy List” section online.
   10. Sell Order — a submitted ask for Order selling made by the Seller, which is automatically placed on the Trade Desk in the “Sell List” section online.
   11. Deal — a commercial execution of the Buy Order or Sell Order placed by the Participants on the Trade Desk at the demand price (buying) or at the supply price (selling).
   12. Partial Order Fill — any Bitcoin mining contract submitted as the Order (Buy or Sell) on the Trade Desk can be executed not entirely, but partially (or not executed at all) once placed on the Trade Desk. Under these circumstances, the parameter 1 TH/s ⋅ day, BTC remains unchanged. The remaining part of the Order pending execution is being automatically submitted for a buy or sell operation on the Trade Desk.
   13. Major Currency — the nominal currency (Bitcoin or BTC) for buy and sell operations of the submitted Orders between the Buyers and the Sellers on the Trade Desk.
   14. Order Amount — end price in the Major Currency that the Participant is ready to buy or sell the Order on the Trade Desk.
   15. Order Volume — Bitcoin hashrate measured in TH/s for a particular buy or sell Order placed by the Participant on the Trade Desk.
   16. Order Type — classification of the Order execution submitted for buy or sell operations by the Participants on the Trade Desk. The Order Types can be either “Buy” or “Sell.”
   17. Contract Duration — the remaining time of the Bitcoin mining contract's operational period.
   18. TH/s⋅day, BTC — a derivative quotient of the submitted Buy or Sell Order conditioned by permanent change of duration. It is calculated in TH/s and multiplied by the contract's operating time left.
   19. Trading Fee — a commission payment in the amount 5% from the net Bitcoin mining contract's value deducted from the Buyer and Seller jointly (thereby the total commission for Deal closing will amount to 10%) once the Order has been bought or sold by other Participant(s) on the Trade Desk and the Deal is considered to be closed. It is charged by the Organizer for the Order placement, processing and Deal execution on the Trade Desk to guarantee strict adherence to the Terms by the Participants.
   20. Maintenance — operating costs of mining hardware.
   21. Sell List — an electronic list of all Orders submitted for sale by the Participants on the Trade Desk.
   22. Buy List — an electronic list of all Orders submitted for purchasing by the Participants on the Trade Desk.
   23. Spread — the difference between the buy and sell prices quoted for the Orders.
   24. Open Order — a Buy or Sell Order that has been submitted by the Participant on the Trade Desk and is pending execution.
   25. Closed Deal — a Buy or Sell Order that has been executed on the Trade Desk.
   26. Cancelled Order — a Buy or Sell Order that has been delisted from the Trade Desk by the Participant prior to its execution or its automatic delisting from the Trade Desk after its expiry or in case of Participant's fraud suspicion.

2. GENERAL TERMS

   1. The rules contained herein establish the buy and sale procedures of the Orders on the Trade Desk and are binding for all Participants without exceptions.
   2. Your continued use of the Trading Room and Website constitutes your acceptance of all rules of the services provided. For the avoidance of doubt, you should discontinue using the Trading Room or the Website if you do not agree with regulations or any clauses outlined in these Terms.
   3. With the help of the Website's functionality, the Organizer provides the Participants with the infrastructure services and access to information about buy and sell Orders with an aim of further prospective purchase or sale of submitted Orders on the Trade Desk.
   4. The Participants are the Buyer and the Seller.
   5. The official language of the Trading Room, Trade Desk, related services and all the accompanying documents is English. The Website contains translations of the English version of the content contained herein. These translations are provided only as a convenience. In the event of any discrepancies between the English language version and the translated version, the English language version shall take precedence.
   6. The volume and price of the placed buy or sell Orders on the Trade Desk are indicated by the Participant independently.
   7. The Organizer reserves the right to cancel any Buy or Sell Order submitted the Participant in case of detecting any suspicious activity or potential fraudulent activity originating from the Participant's account. In case of recurring Order submission by the Participant in the Trade Desk, the Organizer reserves the right to restrict the Participant access the Trading Room for an unspecified amount of time.

3. RISK DISCLOSURE

   1. Before deciding to trade Orders on the Trade Desk, the Participant should carefully consider his/her investment objectives, level of experience and risk appetite.
   2. By using the Trading Room services, the Participant fully understands and agrees to fully comply with these Terms and accepts all risks related to transactions, cryptocurrencies, volatile market price swings or market manipulation.
   3. Cryptocurrency is a digital representation of value that functions as a medium of exchange or a store of value, but it does not have legal tender status. The cryptocurrency value is completely derived by market forces of supply and demand and it is more volatile than traditional fiat currencies.
   4. Trading of the Orders on the Trading Room requires appropriate knowledge and experience before engaging in buy and/or sell operations on the Trade Desk.
   5. Trading of the Orders can lead to large and immediate financial losses. The volatility and unpredictability of the Bitcoin price may result in significant loss over a short period of time.
   6. In no way the Organizer shall be held responsible for the actions, decisions or other behavior taken or not taken by you in reliance upon the information presented on the Website.
   7. The Participant acknowledges that there is a significant possibility that he/she may not buy or sell the Order(s) in the Major Currency at a fair or exact price while trading on Trading Room.
   8. The Participant is aware of the risks inherent in trading cryptocurrencies on the Trading Room and is financially able to bear such risks and withstand any losses incurred.
   9. Any information contained on the Website is provided as general market commentary and does not constitute investment advice. The Organizer will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the Participant's use of or reliance on such information.
   10. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
   11. Your continued use of the Trading Room constitutes your agreement to be bound by any such changes to this Risk Disclosure.
   12. This Risk Disclosure statement cannot and does not disclose all risks and other aspects involved in cryptocurrency holding, trading, or engaging in financing or financed transactions.

4. VTLCHAIN TRADING ROOM ORGANIZER

   1. VTLChain Trading Room Organizer is the virtualtradelink.com Website as specified in these Terms.
   2. The Trading Room marketplace functions on the basis of demand and supply generated by the Participants, therefore the Organizer cannot guarantee that a submitted buy or sell Order on the Trade Desk will be fully or even partially executed.

5. METHOD OF ACCEPTANCE OF THE TERMS

   1. Acceptance of these Terms as generally binding takes place on the virtualtradelink.com Website in the manner and under the conditions established by these Terms.
   2. The Organizer has the right to require completion of the verification procedure from the Participants according to the AML/KYC Policy.
   3. Modifications and/or additions to the current Terms are made by posting the relevant changes, additions or new edition of the Terms on the Website by the Organizer.
   4. Modifications, additions and/or new edition of these Terms come into effect from the date of their posting on the Website by the Organizer.
   5. The consent of the Participant to the changes or additions introduced into the Terms, or new edition of the Terms, is confirmed by continuation of use of the services of the Organizer, and by the Participant's stay on the Website.

6. PROCEDURE FOR HOLDING OF THE TRADING ROOM

   1. Buy and sell operations of Bitcoin mining contracts are held on the Trading Room in an electronic form online.
   2. The main goal of the participation on the Trading Room is the purchase and sale of the Bitcoin mining contracts submitted as the Orders by the Participants on the Trade Desk.
   3. Only customers of virtualtradelink.com who meet the requirements indicated in clauses 1.5 and 5.2 of the Terms have the right to trade Orders on the Trade Desk.
   4. The maximum timeline duration of the Orders submitted by the Participants on the Trade Desk is valid until the expiration date (for Bitcoin mining contracts with limited maintenance cost plans), if there is any (for Bitcoin mining contracts with the lifetime maintenance cost plan), but the operational period cannot exceed the 5 (five) year period. If any Order expires, automatic Order cancellation is triggered.
   5. In order to guarantee the performance of obligations by all Participants of the Trading Room, the Buyer is obliged to have a sufficient amount of Bitcoins stored on the account balance throughout the lifespan of all his/her Buy Orders submitted on the Trade Desk.
   6. Partial Order Fill for Buy and Sell Orders is allowed on the Trade Desk.
   7. The Participant is not allowed to submit a mining contract for sale on the Trade Desk if the contract's scheduled end timeline is 48 hours or less.

7. RULES OF BUYING ORDERS

   1. The timeline duration of the submitted Buy Order is set and adjusted automatically and it is valid until its execution on the Trade Desk, but its operational period cannot exceed the 5 (five) year period.
   2. The Buyer defines the Buy Order price at his/her own discretion conditioned that the minimum contract step cannot be lower than 0.00000001 BTC.
   3. The Buyer is not allowed to submit the Buy Order on the Buy List of the Trade Desk at the equivalent or higher price in relation to the price levels of the Sell Orders found on the Sell List of the Trade Desk.
   4. The Buyer is eligible to cancel the placed Buy Order on the Trade Desk at any time prior to its execution.
   5. The Organizer charges a 5% commission (the Trading Fee) for the Buy Order placement, processing and execution on the Trade Desk. It is withdrawn from the Buyer's balance after the Seller's receipt of the payment for each sold Order (Closed Deal).
   6. After the Deal closing on the Trade Desk, the Seller receives his/her payment to their balance in the Major Currency excluding the Trading Fee according to clause 7.5.

8. RULES OF SELLING ORDERS

   1. The timeline duration of the submitted Sell Order is set and adjusted automatically and it is valid until its execution on the Trade Desk, but its operational period cannot exceed the 5 (five) year period.
   2. The Seller defines the Sell Order price at his/her own discretion conditioned that the minimum contract step cannot be lower than 0.00000001 BTC.
   3. The Seller is not allowed to submit the Sell Order on the Sell List of the Trade Desk at the equivalent or lower price in relation to the price levels of the Buy Orders found on the Buy List of the Trade Desk.
   4. The Seller is eligible to cancel the placed Sell Order on the Sell List at any time prior to its execution on the Trade Desk.
   5. The Organizer charges a 5% commission (the Trading Fee) from each concluded Deal for the Sell Order placement, processing and execution on the Trade Desk. It is withdrawn during the Seller's receipt of the payment for each sold Order (Closed Deal).
   6. After the Order execution on the Trade Desk, the Seller receives payment to their balance in the Major Currency excluding the Trading Fee according to clause 8.5.
   7. The Seller can place any available Bitcoin mining contract for sale on Sell List of the Trade Desk irrespective of its mining start date.
   8. If the Bitcoin mining contract's date of sale is earlier than its mining start date, the Owner of the contract agrees that the mining calculations for the Order purchased by other Participant will not be performed at the date of sale.

9. DEAL CLOSING

   1. The Deal is considered to be executed on the Trade Desk once the payment for the Order has been made.

10. PAYMENT FOR BITCOIN MINING CONTRACTS

    1. Payment for the purchased Bitcoin mining contract is made automatically by deducting the amount placed on hold from the balance of the Buyer immediately after the Order purchase (Deal Closing) has been made.
    2. The Buyer makes payment in the amount equal to the Order's price including the Trading Fee.
    3. After the completion of the calculations of all financial obligations of the Buyer, Seller and the Organizer, the right to use the Bitcoin mining contract is transferred.
    4. The purchased Bitcoin mining contract is transferred to the Buyer immediately after the purchase has been made on the Trade Desk.
    5. The next day after the sale of the Bitcoin mining contract, the Seller receives the mining earnings for the previous (last) mining day of the Bitcoin mining contract.
    6. The Bitcoin mining contract purchased by the Buyer starts working immediately after its purchase on the Trade Desk. After the purchase, the earning for the Bitcoin mining will be credited the following day.
    7. All the concluded Deals (Buy or Sell operations) on the Trade Desk are final and not subject to appeal.