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Londex Terms of Use


Londex Terms of Use

First published on: 8th August 2021. Last updated on: 4th January 2022


Please read these terms of use carefully. Your use of the Londex website, Londex dapp and any other associated sites through the Londex ecosystem is deemed your acceptance of these terms, and by accessing or using our services and softwares, you (“you”, “your”, or “customer”) agree to be bound by these terms of use and all terms incorporated by reference.


These terms of use are entered into by and between you and Londex (“Londex”, “Company”, “we” or “us”). The following terms and conditions, together with any documents they expressly incorporate by reference (collectively, these “Terms of Use”), govern your access to and use of londex.io, londex.app, londex.academy, londex.live, londexfoundation.com and alphaguardians.io, including any content, functionality and services (“Services”) offered on or through these sites (together, the “Website”, “Websites”, “Site” or “Sites”).


These Terms of Service may be amended, changed, or updated by Londex at any time and without prior notice to you. Your non-termination or continued use of any Services after the effective date of any amendments, changes, or updates constitutes your acceptance of these Terms of Service, as modified by such amendments, changes, or updates.


The use of the Site and any Services is void where such use is prohibited by, would constitute a violation of, or would be subject to penalties under applicable Laws, and shall not be the basis for the assertion or recognition of any interest, right, remedy, power, or privilege.


You understand that we have no obligation to notify you of any change or amendment made to these terms, and it is within your power and responsibility to access this page and review the most updated version of these terms at any time, and you agree to do so. 


Any and all amendments or changes to these terms will become effective upon publication.

  1. Eligibility

1.1 The Site is strictly for your personal, non-commercial use unless you enter into a separate agreement with us for your commercial use. You may not use the Site if we have terminated any wallet of yours or banned you from the project or any groups associated with the project.


  1. Information About You and Your Visits to the Website


2.1 All information we collect on this Website is subject to our Privacy Policy. By using the Website, you consent to all actions taken by us with respect to your information in compliance with the Privacy Policy.


  1. Your Responsibilities Regarding the Use of the Services

3.1 You are also responsible for maintaining adequate security, control and confidentiality of your device access, your wallet(s) information, including passwords, passphrases, private keys or other codes associated with your wallet(s) and any activity occurring within these wallets. 


3.2 The loss or compromise of this information may result in unauthorized access of your wallet(s), and loss or theft of any LDX and other cryptographic tokens held in your wallet(s).


3.3 If you believe your wallet(s) have been compromised, or you need to report a security incident, or you have experienced any operational problems, or have a security concern, please contact us immediately at help@londex.io or on Telegram @londexofficial describing the issue at hand as thoroughly as possible including the date, type of problem and part of the Londex Site, Londex Services or site where you experienced that problem. 


3.4 You are responsible for (i) immediately notifying us of any unauthorized use of your password or wallet(s) or any other breach of security, and (ii) ensuring that you log out from your wallet(s) at the end of each session when accessing any of the Londex Services.


3.5 We have no responsibility for any loss that you suffer as a result of failing to comply with this section or failure to follow or act on any notices or alerts that we may send to you.


  1. Prohibited Activities

4.1 You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.


4.2 As a user of the Site, you agree not to:

4.2.1 Retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.

4.2.2 Make any unauthorized use of the Site, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses.

4.2.3 Circumvent, disable, or otherwise interfere with security-related features of the Site, including features that prevent or restrict the use or copying of any content or enforce limitations on the use of the Service and/or the content contained therein.

4.2.4 Engage in unauthorized framing of or linking to the Site.

4.2.5 Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.

4.2.6 Make improper use of our support services or submit false reports of abuse or misconduct.

4.2.7 Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.

4.2.8 Interfere with, disrupt, or create an undue burden on the Site or the networks or services connected to the Site.

4.2.9 Attempt to impersonate another user or person.

4.2.10 Use any information obtained from the Site in order to harass, abuse, or harm another person.

4.2.11 Use the Site as part of any effort to compete with us or otherwise use the Site and/or the content for any revenue-generating endeavor or commercial enterprise.

4.2.12 Decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Site.

4.2.13 Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Service to you.

4.2.14 Attempt to bypass any measures of the Site designed to prevent or restrict access to the Site, or any portion of the Site.

4.2.15 Delete the copyright or other proprietary rights notice from any content.

4.2.16 Copy or adapt the Site’s software, including but not limited to Flash, PHP, HTML, JavaScript, or other code.

4.2.17 Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Site or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Site.

4.2.18 Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats (“gifs”), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as “spyware” or “passive collection mechanisms” or “pcms”).

4.2.19 Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Site, or using or launching any unauthorized script or other software.

4.2.20 Disparage, tarnish, distribute hate speech/explicit content or otherwise harm, in our opinion, us, the Site and/or other users of the Site.

4.2.21 Copy, reproduce, distribute, publicly perform or publicly display all or portions of our Site, except as expressly permitted by us or our licensors.

4.2.22 Modify our Site, remove any proprietary rights notices or markings, or otherwise make any derivative works based upon our Site.

4.2.23 Infringe any patent, trademark, trade secret, copyright or other intellectual or proprietary right of the Foundation or any third party.

4.2.24 Use the Site in a manner inconsistent with any applicable laws or regulations.


  1. Availability of Services

5.1 Subject to these Terms, Londex shall use reasonable efforts to make available, operate and maintain the Londex Site and Services during the term of these Terms and to permit you to access and use the Londex Site in accordance with these Terms. 


5.2 Londex shall use all reasonable efforts to promptly notify you of any difficulties experienced by us or other participants with respect to their access to or the use of the Londex Site, but only to the extent that Londex is aware of such difficulties and reasonably determines that they are material to your access and use of the Londex Site. 


5.3 Similarly to 5.2, you shall notify Londex the soonest possible in case you become aware of any material technical failures of or difficulties with the Londex Site or upon becoming aware of any material breach (or any event which, by giving notice and/or the lapse of time, would constitute a material breach) of these Terms.


5.4 Our Site may evolve over time. This means we may apply changes, replace, or discontinue (temporarily or permanently) our Site and Services at any time for any reasonable cause with two days’ notice or without notice in case of a Force Majeure. In this case, you may be prevented from accessing or using our Site


5.5 If, in our sole discretion, we decide to permanently discontinue our Site, we will provide you with a notice via our website, via our Twitter account or any other means of communication we deem appropriate.


5.6 You accept and acknowledge that the Londex Site may not be accessible in every country of your residence, in particular because of regulatory requirements.


  1. Top Holder Security Protocol


6.1 Holders from 1-75 on the explorer holders list are mandated to comply with the Guardian locking protocol for top wallets and the terms of this protocol are set out below. Your use of the Londex website, platform, ecosystem, and trading of the LDX token through the Londex dapp or 3rd party exchange is deemed your acceptance of these terms and the top holder security protocol.


6.2 This protocol ensures the top holders are locked by Guardian as a matter of security and sustainability. This development arises from security flaws in the concept of a smart contract token. For example, we don’t know if one investor holding thousands of dollars worth of LDX is tech savvy, has no protection on their PC or accesses their wallet at work or on a cafe wifi. This proposes a serious risk to the investor within a top holder bracket, and all other holders. Additionally, for new investors it is reassuring to know top wallets can’t liquidate huge amounts of tokens on the open market therefore causing extremely volatile crashes.


6.3 Operation

6.3.1 Holders in the top 75 on the BSC explorer list will come under Guardian lock.

6.3.2 The lock will stay in place until any revisions to the protocol are carried out and in accordance with these terms.

6.3.3 Holders requesting to buy more tokens will be able to have the wallet temporarily unlocked or asked to use a secondary wallet.

6.3.4 Holders wishing to sell will be transferred the required amount or amounts in instalments using Guardian to transfer them tax free to a secondary wallet.

6.3.5 Instalments will be sent consecutively, and are not able to be accumulated in the secondary wallet.

6.3.6 If a holder is due an additional instalment but has not sold the tokens from the previous instalment transfer then the transfer will be temporarily suspended.

6.3.7 Instalments will be determined by the current market conditions and are communicated directly to the holder.

6.3.8 A verification process will be carried out to ensure any enquiries are valid and to prevent fraudulent activity.

6.3.9 Over The Counter (OTC) trading will be prioritised to top holders wishing to sell tokens. OTC capabilities will be significantly increased in alignment with platform revenue income.

6.3.10 The development team and governance council have agreed to the terms of this protocol unanimously. Further revisions to the protocol will be voted on and any changes will be announced to holders within 24 hours from the close of the vote.


  1. Force Majeure

7.1 We may suspend or withdraw or restrict the availability of all or any part of our Site for business, operational or regulatory reasons at no notice or, in case of Force Majeure in accordance with the below clause, at no notice.


7.2 The Company shall not be deemed in default hereunder, nor shall it be hold responsible for, any cessation, interruption, or delay in the performance of its obligations hereunder due to causes beyond its reasonable control including, but not limited to: earthquake; flood; fire; storm; natural disaster; act of God; war; terrorism; armed conflict; labour strike; lockout; boycott; or any law, order regulation, direction, action or request of the government, including any governmental authorities having or claiming jurisdiction over Londex; or failure of any computer dealing system, or failure of blockchain or smart contract, or any other breakdown or failure of transmission in communication facilities of whatever nature between the Company and the Customer or any other third-party whatsoever; or any other cause or circumstance, whether of a similar or dissimilar nature to the foregoing, beyond the reasonable control of the Company (a “Force Majeure Event”).


7.3 You acknowledge and agree that the Company may, in its reasonable opinion, determine that a Force Majeure Event exists or is about to occur; as the case may be, the Company will inform you as soon as reasonably practicable if it so determines.


7.4 If the Company determines that a Force Majeure Event exists, or is about to occur, then it may (without prejudice to any other rights under these terms, and at its sole discretion) take actions it deems necessary or appropriate in the circumstances, in regard to the Customer and the Clients, and neither the Company, nor any of its directors, officers, employees, agents or advisers will be liable for any failure, hindrance, or delay in performing its obligations under these terms or for taking or omitting to take any action pursuant to this clause.


7.5 You are also responsible for ensuring that all persons who access our Site through your internet connection are aware of these Terms and that they comply with them.


  1. Disclaimer

8.1 The Londex development team reserves the right to suspend, report, ban and freeze tokens of any person found to be part of fraudulent activity, crypto scams or malicious activity.


8.2 From time to time, Londex will amend the contract token economics including but not limited to the tax rate for Liquidity Pool, Rewards, Affiliate Program and Developer Fees, to accommodate market conditions.

8.3 Additional methods of micro-managing market conditions may also include but not limited to, Flash Sales, Sell Cooldown periods and maximum transactions.


  1. Assumption of Risk

9.1 By accessing and using the Site, you represent that you are financially and technically sophisticated enough to understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of digital assets such as bitcoin (BTC), ether (ETH), Smart Chain (BNB) and Londex (LDX) and other digital tokens such as those following the Ethereum Token Standard (ERC-20) or Binance Token Standard (BEP-20). In particular, you understand that blockchain-based transactions are irreversible.

9.2 You further understand that the markets for these digital assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, fundamental events and regulation. 


9.3 You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems such as the BSC are variable and may increase dramatically at any time. 


9.4 You further acknowledge and accept the risk that your digital assets may lose some or all of their value, you may suffer loss due to the fluctuation of prices of tokens in a trading pair or liquidity pool, and, especially in swap pro modes, experience significant price slippage, taxes and costs. 


9.5 You understand that anyone can create a token, including fake versions of existing tokens and tokens that falsely claim to represent projects, and acknowledge and accept the risk that you may mistakenly trade those or other tokens. 


9.6 You further acknowledge that we are not responsible for any of these variables or risks, and cannot be held liable for any resulting losses that you experience while accessing or using the Site. 


9.7 Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Site and its information.


  1. Compliance with tax obligations

10.1 The users of the Website are solely responsible to determine what, if any, taxes apply to their Londex and crypto asset transactions. The owners of, or contributors to, the Site are not responsible for determining the taxes that apply to crypto transactions. However services provided on the Site are deemed as a guide and for information purposes only.


  1. Linking to the Website and Social Media Features

11.1 You may link to our homepage, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part without our express written consent.


  1. Links from the Website

12.1 If the Site contains links to other sites and resources provided by third parties, these links are provided for your convenience only. This includes links contained in advertisements, including banner advertisements and sponsored links. 


12.2 We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. 


12.3 If you decide to access any of the third party websites linked from this Website, you do so entirely at your own risk and subject to the terms and conditions of use for such websites. 


12.4 We reserve the right to withdraw linking permission without notice.


  1. Disclaimer of Warranties

13.1 You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Website will be free of viruses or other destructive code. 

13.2 You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our site for any reconstruction of any lost data. 


13.3 We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the Site or any Services or items obtained through the websites or to your downloading of any material posted on it, or on any websites linked to it.


13.4 Your use of the Site, its content and any Services or items obtained through the Website is at your own risk. 


13.5 The Site, its content and any Services or items obtained through the websites are provided on an “as is” and “as available” basis, without any warranties of any kind, either express or implied.


13.6 Neither the Company nor any person associated with the Company makes any warranty or representation with respect to the completeness, security, reliability, quality, accuracy or availability of the websites. 


13.7 Without limiting the foregoing, neither the Company nor anyone associated with the Company represents or warrants that the Website, its content or any Services or items obtained through the websites will be accurate, reliable, error-free or uninterrupted, that defects will be corrected, that our Site or the server that makes it available are free of viruses or other harmful components or that the websites or any Services or items obtained through the Website will otherwise meet your needs or expectations.


13.8 Londex hereby disclaims all warranties of any kind, whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement and fitness for particular purpose.


13.9 Some jurisdictions do not allow exclusion of warranties or limitations on the duration of implied warranties, so the above disclaimer may not apply to you in their entirety, but will apply to the maximum extent permitted by applicable law.


  1. Limitation on Liability

14.1 In no event will Londex, its affiliates, administrators or their licensors, service providers, employees, agents, officers or directors be liable for damages of any kind, under any legal theory, arising out of or in connection with your use, or inability to use, the Website, any websites linked to it, any content on the Website or such other websites or any Services or items obtained through the Website or such other websites, including any direct, indirect, special, incidental, consequential or punitive damages, including but not limited to, personal injury, pain and suffering, emotional distress, loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data, and whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable. 

The foregoing does not affect any liability which cannot be excluded or limited under applicable law which may include fraud.


  1. Indemnification

15.1 You agree to defend, indemnify and hold harmless Londex, its affiliates, administrators, licensors and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses or fees (including reasonable attorneys’ fees) arising out of or relating to your violation of these Terms of Use or your use of the Website, including, but not limited to, any use of the Website’s content, Services and products other than as expressly authorized in these Terms of Use or your use of any information obtained from the Website.


  1. Termination

16.1 Londex reserves the right to blacklist a wallet and/or IP address without prior notice immediately on the grounds of misusage particularly violations of these Terms or any applicable law.


  1. Entire Agreement

17.1 These Terms, together with any other agreements that apply to you constitute the entire and exclusive agreement between us and you regarding its subject matter, and supersede and replace any previous or contemporaneous written or oral contract, warranty, representation or understanding regarding its subject matter.


Contact Us

For further information regarding use of the Site, please contact us at: admin@londex.io.[/vc_column_text][/vc_column][/vc_row]