Last Updated : 13, August, 2018
Using the Fixed Structured Products of CBI GLOBAL, the Participant agrees with all sections and parts of these Terms and also accepts and agrees to abide by the Terms.
1. General Information
1.1 Any individual who has reached the age of majority under the laws of this individual's country of residence can create an account at CBI GLOBAL in order to become a CBI Association member in order to participate in any CBI Global product;
1.2 Each Participant has the right to register any number of accounts subject thereto that he/she is a paid-up member of the CBI Association
1.3 The services/products of CBI FIXED STRUCTURED PRODUCTS are only available to registered members.
1.4 CBI GLOBAL and CBI Association reserves the right to send the Participants notifications, messages, and other information.
1.5 Each Participant may at any time refuse to receive the mailings.
2. Investment Conditions
2.1 CBI Global operates using UHC, Bitcoin and Ethereum as an asset class to participate in its eco system, and may add if necessary additional payment systems.
2.2 A deposit is credited to a Participant's account after receiving: - 3 confirmations of the Bitcoin network - 3 confirmations of the Bitcoin network
2.3 CBI Global, the CBI Association or any if its personal act as financial advisors and all our products are only Crypto Assets. Neither do we invest funds on behalf of the Participant but for the benefits of the various pools which then in turn distribute the proceeds of the profits in accordance with these investment plans to the various participants.
2.4 The Participant is fully aware that sometimes there will be NO PROFITS due to the effect of the markets, and that CBI Global or the CBI Association or any of its employees be held accountable for such unforeseen losses.
2.5 The minimum daily profits estimated by CBI Global is merely an estimate based on past experiences and in no way a promise and/or commitment to the participant for the CBI Tokens staked in that project/product. It is an average estimated to be produced over a week period of 5 business days, and cannot be guaranteed by CBI Global and or the CBI Association.
2.6 Should the CBI Fixed Structure Pools not perform as expected with its investments, then the Participant will have no claim against CBI GLOBAL or the CBI Association for its initial tokens staked, or any other profits still outstanding, as all investments in Crypto Currencies are seen as highly volatile and speculative in nature.
2.7 CBI Global reserves the right to FREEZE any withdrawal or cancelation of the staking process in favour of any participant in extreme volatile conditions when especially Bitcoin loses more than 15% of its market value within a period of 48 hours and can keep that position until the market is stabilised and it is proven that it has stabilised.
2.7 The minimum amount of investment is The equivalent of UHC 25
2.8 Each Participant can make as many stakings as the Participant wishes.
2.9 All limits and profit conditions are as stipulated on the website of the CBI Fixed Plans.
2.10 CBI Global adds the education fee payable to the staked amount and is payable by the participant.
2.11 All stakings in the CBI Global Fixed Structured products are made exclusively on the website uhurucash.com from the CBI Global eco system only.
3.1 The Stakings made by Participants accrue profits on a daily (24-hour period) basis and are payable either on a 5-day weekly basis (Saturday 24h00) or at the FIRST Saturday AFTER the end of the term as the specific product applicable indicates;
3.2 The staked amount creates the profit as indicated under section 3.1 and are payable or accumulated on the first Saturday after the date of the initial investment and every Saturday thereafter. NO interest for Saturdays and/or Sundays will be paid.
3.3 Possible technical problems on the UHURU CASH website do not affect the accrual of Participants' interest.
3.4 The profits accrued is credited exclusively to the internal balance of the Participant's account in the UHURU CASH system.
4. Payout schedule
4.1 The minimum pay-out amount is UHC 30 and will be released into the wallet of the member on the CBI GLOBAL ecosystem .
4.2 Each Participant has the right to request a withdrawal at any time, including weekends and holidays, subject thereto that an profit has accumulated, and the withdrawal amount is in line with section 4.1. and it is within the limits of such product conditions;
4.3 Every pay-out is made automatically within 48 hours from the moment the withdrawal request is submitted.
5. Guarantees and statements
5.1 CBI Global is subject to the laws of CYPRUS.
5.3 Third parties involved in the operation of CBI Global are independent contractors.
6.4 CBI Global has the right to refuse services to any Participant in the event that the Participant violates these Terms or attempts to harm CBI Global including attempts to slander, discredit, or blackmail CBI Global, or hack the UHURU CASH and/or any other website owned by CBI X SA (PTY) LTD, CBI GLOBAL or any subsidiary thereof, or who wants to use it to send spam, etc.
5.5 CBI Global reserves the right to prohibit the use of its website and/or any services to any Participant without explanation of reasons for doing so.
6.1 Each Participant understands that any investment activity involves risk and Crypto Currencies even more so.
6.2 By investing or participating in any CBI GLOBAL, CBI X SA (Pty) Ltd or any CBI product or service, the participant understands and accepts that all these activities are extremely highly volatile and NO SECURITIES whatsoever can be given by anybody related to the CBI Group to the successfulness of any activity and/or investment.
6.3 Each participant declares by accepting these conditions that he/she cannot hold CBI Global, CBI Association, CBI X SA (Pty) Ltd and/or any part of the CBI Group or its employees or representatives responsible for market conditions or loss of any income or failure to reach the expected income and/or growth or expected returns on any crypto investment or product or service.
6.4 Each participant accepts full responsibility in participating in the CBI Association with its growths and losses and declare that all assets were deposited by the choice of the participant after reading these terms and conditions, knowing that he/she has no claim against anybody at the CBI group should his/her expectations not be met.
7.5 Each Participant assumes sole responsibility for the risks of financial losses caused by force majeure circumstances, as defined in the section 7.2.
7. Disclaimer of liability
7.1 The electronic nature of the services provided by CBI Global exempts CBI Global, CBI X SA (Pty), the CBI Association and/or any of its employees, representatives and/or wealth creators from liability for any technical problems the causes of, or remedies for, which are out of CBI Global’s control.
7.2 CBI Global cannot be held responsible for not observing these Terms as a result of force majeure circumstances. Force majeure circumstances include, but are not limited to, military actions, strikes, natural disasters, government actions, failure of the equipment and/or telecommunication lines of the data centre, compromised security of the Participant's computer, etc.
8. About these Terms
8.1 These Terms may be added to or modified by CBI Global at any time without prior notice to the Participants.
8.2 These Terms may be added to or modified by CBI Global at any time without prior notice to the Participants.
8.3 If a Participant violates these Terms and CBI Global does not take immediate action in response, this cannot mean that CBI Global waives its right to take such action in the future.
9. Other provisions
9.1 The Participant agrees not to interfere with the operation of the CBI Global and Uhuru Cash website.
9.2 The Participant agrees not to attempt to gain access to the UHURU CASH website, other than provided under these Terms and via this website's standard interface.