1.1 This Commercial Entity Policy (the “Policy”) outlines the mandatory terms governing any use of our Services, our Platform, or our Supported Tokens (collectively, “Company Offerings”) for commercial, business, corporate, or other non-personal purposes (collectively, “Commercial Purposes”). Our Company Offerings are intended solely for personal use as permitted in accordance with the User Agreement and applicable policy documents as may be referenced. Any other use constitutes a Commercial Purpose, and as such, requires strict adherence to this Policy.
1.2 By using our Company Offerings for Commercial Purposes, you hereby agree to be fully bound by the terms of this Policy. If you do not accept these terms or do not wish to comply with this Policy in its entirety, you must immediately cease all use of our Company Offerings in any manner whatsoever. Unless otherwise expressly provided in this Policy, all capitalised terms used herein shall have the same meaning as set forth in the User Agreement.
2.1 No individual or entity may use, access, or leverage our Company Offerings for any Commercial Purposes without our express prior written consent. Commercial Purposes, as defined under this Policy, include, but are not limited to, any activity that involves or impacts our Company Offerings for financial gain, third-party engagement, or any form of economic or corporate benefit. For the purposes of this Policy, Commercial Purposes include but are not limited to:
(a) listing or offering any digital tokens, displaying, or facilitating any exchange, trade, or sale of our Supported Tokens on any third-party platforms, including decentralised finance (DeFi) protocols, digital asset marketplaces, trading platforms, and any other financial or exchange platforms, regardless of whether they are centralised or decentralised in nature;
(b) conducting any transaction, trade, distribution, or transfer of our Supported Tokens or other Company Offerings for monetary, speculative, investment, trading or other financial purposes, including, without limitation, lending, staking, or otherwise generating revenue from our Supported Tokens; and
(c) utilising our Company Offerings as a mechanism to provide services, execute functions, or create value for any third parties, regardless of whether such use is direct or indirect, including in connection with technology solutions, financial services, advisory services, or any form of commercial operations.
2.2 If you wish to use our Company Offerings for any Commercial Purposes, you are required to obtain our express prior written consent. Notwithstanding the foregoing, you acknowledge and agree that: (a) you shall, at your own cost and expense, seek independent professional advice; and (b) procure and obtain all necessary regulatory approvals, licenses, or permits required for the intended Commercial Purpose, if any, prior to commencing or carrying on such Commercial Purpose. To initiate this process, you must notify us in writing, providing full details of the intended use. Any application to use our Supported Tokens for purposes that qualify as a Commercial Purpose will be subject to our internal assessment and comprehensive review of your proposed use. This review is part of our approval process before we grant or deny our consent for any application. Should we agree to consider your request, such consideration is expressly conditional upon your procurement of all necessary regulatory approvals (or approvals in principle) in accordance with applicable laws including securities laws. If these approvals are obtained, you will then be required to execute a separate definitive agreement outlining the relevant terms, including conditions of use and other compliance obligations associated with such use.
2.3 We reserve our absolute full right and discretion to approve or disapprove any of your application on proposed use of our Company Offerings for Commercial Purposes. We may consider but we shall not be obligated to grant approval for any use for Commercial Purposes, regardless of the nature or intent of the proposed activity. Our evaluation and approval process will be conducted at our discretion, and we may impose such terms, conditions, or restrictions along our approval or conditional approval as we deem necessary to protect our rights, interests, and the integrity of our Company Offerings. Any use of our Company Offerings for Commercial Purposes without obtaining our express written consent will constitute a breach of this Policy and may result in the termination of access to our Company Offerings. As such, we do not entertain any claim whatsoever arising in that respect and you undertake to fully indemnify, defend, and hold the Company, its subsidiaries (if any), affiliates (if any), officers, directors and employees harmless from and against any and all claims, losses, damages, liabilities, costs, or expenses (including but not limited to legal fees) arising out of or in connection with any breach of this Policy or any conduct of/attempt to conduct any unlawful activities, or any other conduct that results in any claims or legal proceedings initiated against the Company by any persons.
3.1 Any unauthorised commercial activity involving our Company Offerings is strictly prohibited. Engaging in any Commercial Purposes without obtaining our prior written authorisation, as outlined in this Policy, constitutes a serious breach. Such unauthorised use will result in immediate enforcement actions, including but not limited to immediate suspension or termination of access to and use of our Company Offerings without notice and our pursuit of any legal recourse.
3.2 This Policy is designed to protect our regulatory compliance, integrity, and reputation, ensuring that no abuse, misuse, or unauthorised commercial application of our Company Offerings occurs. Unauthorised use of our Supported Tokens exposes our Company and including its affiliates, officers, directors, employees, agents and partners or our Platform’s users to significant regulatory, legal, financial, and reputational risks, all of which this Policy seeks to mitigate.
3.3 Our Company reserves the absolute right to monitor, investigate, and take corrective actions regarding any suspected unauthorised use of our Company Offerings for Commercial Purposes. This may include tracking and reviewing activities, transactions, and interactions that we believe and suspect may involve commercial or other unauthorised purposes, in order to verify adherence to this Policy.
3.4 You agree to fully indemnify, defend, and hold harmless our Company, along its subsidiaries (if any), affiliates (if any), officers, directors and employees from and against any and all claims, damages, liabilities, expenses (including legal fees), fines, penalties or losses directly or indirectly arising from or in connection with any of your unauthorised use of our Supported Tokens or breach of any provision under this Policy. In addition to that, the Company further reserves its right to pursue available legal recourse to recover such losses, damages, or liabilities as direct or indirect result of your actions, omissions, or negligence.
4.1 By using or attempting to use our Company Offerings for any Commercial Purposes, you acknowledge, confirm, and agree that you have fully read, understood, and accepted this Policy in its entirety. You further agree that, before engaging with any of our Company Offerings for purposes beyond personal use, you must contact us in writing to obtain our express prior written approval, as specifically required in this Policy. Please contact us at support@blox.my, by providing detailed information regarding your proposed use to initiate our review process pursuant to Clause 2.2.
4.2 Your access to and your continued use of any of our Company Offerings constitutes your agreement to be bound by the terms and conditions set forth in this Policy. Additionally, you acknowledge that we may revise, update, or amend this Policy from time to time, at our sole discretion. By continuing to access to or use any of our Company Offerings, you agree to be bound by the latest version of this Policy. If you do not agree to the terms of this Policy and any changes, revisions or modification thereto, you must immediately cease all access to and use of all our Company Offerings. Any changes shall be deemed accepted by you, upon your continued use of any of our Company Offerings after the initial posting of any such changes, whether or not reviewed by you, shall constitute your consent and acceptance of the revised Policy.