Thank you for visiting Dexlyn.com. By visiting, accessing, or using Dexlyn.com and associated application program interfaces or mobile applications (“Dexlyn Platform” (collectively, “we” or “us” or “our”)), you (“User,” “user,” “You,” or “you”) consent to these Terms of Use (these “Terms”), so please read them carefully. THE COMPANY SHALL HAVE THE RIGHT TO AMEND THIS TERMS AT ANY TIME BY POSTING THE AMENDED TERMS ON THE WEBSITE. YOUR CONTINUED USE OF THE WEBSITE AFTER ANY SUCH AMENDMENT(S) CONSTITUTES YOUR ACCEPTANCE OF THE NEW TERMS AND CONDITIONS. THE COMPANY RESERVES THE RIGHT TO ASK YOU TO EXECUTE A HARD COPY OF THIS TERMS OR ANY AMENDMENT HERETO AS A CONDITION OR ADDITIONAL REQUIREMENT TO YOUR FURTHER USE OF THIS WEBSITE.
The Terms constitute the agreement and understanding regarding the use of any or all of the Services, and any manner of accessing them, between you and the following service provider (“we,” “us,” or “our”) depending on your residency and date of registration:
WDCS Technology Solutions FZCO, a UAE registered company (“Dexlyn UAE”), for all Users eligible to access and use Dexlyn's Services.
The term, “Dexlyn,” as used below, refers to WDCS Technology Solutions FZCO. The term, “The Group,” as used below, refers to any subsidiaries or affiliates of WDCS Technology Solutions FZCO, a UAE registered company (“Dexlyn UAE”).
1.1 By clicking on the “Create Account” button or by visiting the Dexlyn Platform, we may provide you with access to our decentralized trading platform via software, API (application program interface), technologies, products, and/or functionalities. By registering, you represent and warrant that all information that you provide is current, complete and accurate to the best of your knowledge. You agree to maintain and promptly update your information on the Websites so that it remains current, complete and accurate. You are responsible for obtaining and maintaining all connectivity, computer software, hardware and other equipment needed for access to and use of the Websites and all charges related to the same.
1.2 You agree to be legally bound by these Terms and any terms incorporated by reference. If you have any questions regarding these Terms or the use of the Dexlyn Platform, please visit our Support Center for more information. Terms specific to certain users of Dexlyn will be identified as such.
1.3 If you do not agree to be bound by these Terms, you will not be permitted to access or use the Services and must leave the Dexlyn Platform immediately.
1.4 We reserve the right to change or modify the Terms, and any policy or guideline of the Dexlyn Platform, at any time and at our sole discretion, subject to Applicable Laws and Regulations.
1.5 If you do not agree to be bound by any of the updated Terms or other updates, your sole and exclusive remedy will be to close your account within 30 days of your actual, constructive, or inquiry notice, and your access or use of the Services will be permitted only to the extent necessary to immediately close your account. You acknowledge that you may close your account without engaging in any trades, transactions, or participation in the Dexlyn Trading Game and/or IDOs. Your non-termination or continued use of the Dexlyn Platform or Services after such a 30-day period will constitute your acceptance of the updated Terms as of your earliest notice date.
1.6 The Terms take precedence over any other agreement you may have with us unless explicitly provided for otherwise.
1.7 Any formal communication with you will be undertaken through electronic mail unless otherwise communicated. Documents will be sent to you by electronic mail, and you should seek to send any documents to us by the same means. Please visit our Support Center for assistance.
1.8 Any formal communication with you will, unless otherwise agreed, be made in the English language. In the event of any discrepancy between the English language version of the Terms or any such communications and any translation of the Terms or such communications (as applicable) in a foreign language, the respective English version shall prevail.
1.9 We may change or discontinue any aspect, service or feature of the Websites at any time, including, but not limited to, content, availability, and equipment needed for access or use.
2.2 We may not make all of the Services available in all markets and jurisdictions. For a complete list of such markets and jurisdictions, please refer to Section 3: Regulatory Landscape in the Risk and Compliance Disclosure. The content of these Terms shall not exempt you from the laws of the country or region under which you reside. If you do not meet these eligibility requirements, you must not use our Services.
2.3 You further represent and warrant that your use of the Dexlyn Platform is of your own accord and free from direction by another party.
3.1 Any use of our Services in connection with any of the following categories of activities or businesses is prohibited (“Prohibited Businesses”), and we reserve the right at all times to monitor your transactions or accounts for the purpose of enforcing this Section 3.1:
3.2 If we learn or reasonably suspect, at our sole discretion, that your account is or may be associated with any Prohibited Businesses as defined above, we will consider it a violation of these Terms. We may suspend or terminate your account, block transactions, or freeze your funds immediately without notice. We also reserve the right to report any such suspected or actual Prohibited Businesses to law enforcement authorities.
4.1 We provide an online decentralized trading platform for Users, subject to eligibility in their respective jurisdictions, to hold, trade, and swap certain Digital Assets (also referred to as cryptographic tokens, digital tokens, or cryptocurrency). Users may request the withdrawal of their Digital Assets at any time, subject to the Terms.
4.2 We aim to provide Users with decentralized trading services, including:
(a) A liquidity pool system and automated market-making for trading Digital Assets. Users can swap tokens directly on the Dexlyn Platform without intermediaries.
(b) Participation in the Dexlyn Airdrop and Trading Game, allowing eligible Users to earn, trade, and compete for rewards.
(c) Additional Services may include, but are not limited to:
(i) Liquidity Provision – enabling Users to add or remove liquidity from pools and earn rewards.
(ii) Token Swapping – a secure and efficient process for trading Digital Assets across supported chains.
(iii) Digital Wallet – a Web3-compatible wallet interface allowing Users to connect, trade, and manage their Digital Assets directly through the Dexlyn Platform.
(iv) IDO Launchpad – empowering projects to launch and raise funds through decentralized Initial DEX Offerings (IDO) while allowing Users to participate in token sales directly from the Dexlyn Platform.
4.3 Not every Service offered by Dexlyn is detailed in these Terms. Any specific Service may have its own set of terms and conditions. Users are advised to review the relevant documentation or information available on the Dexlyn Platform.
4.4 Our Services primarily facilitate transactions between Users via a decentralized mechanism. Users consent that their trades may be matched with others through the automated market-making process and acknowledge that Dexlyn operates without acting as a counterparty or intermediary in the trades.
4.5 By accepting these Terms, you expressly agree to the pooling of your Digital Assets with those of other Users within liquidity pools. Digital Assets pooled in these services are not protected by any deposit insurance or protection scheme. In the case of an irreconcilable shortfall, you may lose some or all of your contributed assets.
4.6 You represent and warrant that you are the ultimate legal and beneficial owner of any Digital Assets held or transferred to your connected wallet or account on the Dexlyn Platform. You shall not act as a nominee or trustee for another person and shall not create any security interest or encumbrance over such Digital Assets.
4.7 We are not obligated to accept transactions unless sufficient Digital Assets are available in your wallet for (a) the execution of a relevant trade or transaction, (b) participation in the Dexlyn Trading Game, and (c) payment of any associated fees.
4.8 While we strive to ensure the accuracy of the information provided on the Dexlyn Platform, all content is subject to change without notice. We disclaim any liability for losses or damages arising directly or indirectly from the use or interpretation of such information to the greatest extent permitted by applicable law.
4.9 Users are responsible for preparing the necessary equipment and bearing associated costs, including but not limited to an internet-connected device and data or internet-access costs.
4.10 You consent to receiving communications from us relating to your account via email, SMS, mobile notifications, or other methods. Certain communications can be opted out of through the Dexlyn Platform's settings.
4.11 Services are provided according to their current technological capacity. While we strive for continuity and security, risks such as system failures, third-party flaws, government acts, or force majeure events may disrupt service availability.
4.12 In cases where the Dexlyn Platform is inoperable, leading to an inability to access Services or execute trades, we assume no liability for damages. Such scenarios may include:
4.13 With respect to Services provided on the Dexlyn Platform:
4.14 Dexlyn will never request your passwords or private keys, nor solicit Digital Assets directly from you. We are not liable for losses due to user actions involving unauthorized transmission of funds or keys.
4.15 We reserve the right to delist Digital Assets or tokens from the Dexlyn Platform at our sole discretion.
4.16 Users acknowledge the possibility of disruptions due to connectivity or other issues. We assume no responsibility for losses caused by disruptions or incorrect user-provided information that impedes resolution.
4.17 We may request additional information about the purpose and background of your use of our Services. If we suspect false information, we may restrict or terminate your access to certain Services.
4.18 Digital Assets purchased through supported methods will be credited to your connected wallet. Once credited, you are solely responsible for their management.
Rewards distributed through the Airdrop and Trading Game, including tokens or any associated benefits, are non-transferable and must only be used in accordance with the terms specified by Dexlyn.
Testnet tokens distributed during the Airdrop are for simulation purposes only and do not have monetary value. They cannot be redeemed, converted, or exchanged for real-world currency or assets.
Dexlyn does not guarantee the receipt, availability, or usability of rewards due to technical failures, compliance requirements, or other unforeseen circumstances.
5.1 A User may trade Digital Assets by submitting an instruction on the Dexlyn Platform (an “Order”).
5.2 Users must verify all transaction details before submitting an Order. It is solely the User's responsibility to ensure the validity and accuracy of an Order, including the details of the recipient and the Digital Asset amounts. Dexlyn shall not be liable for the consequences of any errors made by the User.
5.3 The Dexlyn Platform operates on a decentralized basis and is accessible twenty-four (24) hours a day, seven (7) days a week, and three hundred and sixty-five (365) days a year, except during scheduled maintenance, upgrades, or disruptions outside of our control.
5.4 Dexlyn reserves the right to suspend a User's access, refuse an Order, or impose limits on trading if we suspect the User has violated Applicable Rules and Regulations or these Terms.
5.5 A User may only place an Order if their connected wallet contains sufficient Digital Assets to complete the transaction, including any applicable fees. Orders placed without sufficient funds will not be processed.
5.6 When a User places an Order, the relevant Digital Assets (including applicable fees) will be locked within the transaction process until the Order is executed, canceled, or expired. Unfilled portions of Orders will remain locked until resolved.
5.7 Users may cancel an Order as long as it has not yet been executed on the relevant blockchain network. Once executed, Orders are irreversible. However, Dexlyn reserves the right to reverse transactions under extraordinary conditions, such as breaches of applicable laws or financial crime.
5.8 Users will receive confirmations for submitted, canceled, or executed Orders through notifications on the Dexlyn Platform or other agreed communication methods.
5.9 By using the Dexlyn Platform, Users acknowledge and agree to the following:
5.10 Dexlyn reserves the right to limit the number of Orders or transactions that can be submitted through a User's connected wallet to ensure platform integrity and prevent abuse.
5.11 Use of automated systems or bots to interact with the Dexlyn Platform must comply with these Terms. Repeated violations of Order rate limits or abusive practices may result in suspension or permanent blocking of access.
5.12 The transaction history visible on the Dexlyn Platform or blockchain is the official and accurate record of a User's activity. Users are responsible for staying informed about their transactions and ensuring their trading activity complies with these Terms.
5.13 Users acknowledge that delays in executing a transaction may occur due to the decentralized nature of blockchain technology, including network congestion, validator processing times, or other conditions beyond Dexlyn's control.
5.14 The User agrees and understands that part or all of the Services may periodically become unavailable during scheduled maintenance. means.
5.15 Any scheduled downtime will be communicated in advance to the User via a Notice published on the Dexlyn Platform or through other available
5.16 The User acknowledges and agrees that Dexlyn, in its sole discretion, may suspend all or part of the Services, or the User's access to all or part of the Services, if Dexlyn determines that:
5.17 For the purposes of Clause 5.16(b), the proper functioning of the Dexlyn Platform may be at risk in the following circumstances:
6.1 Clause 6 provides Users with information about the risks associated with trading Digital Assets and using the Services provided by Dexlyn. Applicants and Users should carefully read this Risk Statement before opening a wallet connection on the Dexlyn Platform and participating in trading activities, IDO or the Dexlyn Airdrop and Trading Game. This Risk Statement should also be read in conjunction with any other relevant disclosures published by Dexlyn.
6.2 This Clause 6 does not disclose or discuss in detail all the risks associated with trading or holding Digital Assets or using the Services provided by Dexlyn. This Risk Statement is not exhaustive and outlines only the general nature of the risks involved. Users are responsible for ensuring their decisions are well-informed and for undertaking their own assessments regarding the suitability of trading Digital Assets, considering their experience, objectives, financial resources, and specific needs.
6.3 By connecting a wallet, engaging in trading, or any other feature, a User is deemed to have reviewed, understood, and accepted the risks associated with the Services provided by Dexlyn.
6.4 The market for Digital Assets is new and rapidly evolving, with risks that are not fully understood. As such, Dexlyn may update this Risk Statement periodically to reflect additional risks associated with transacting in Digital Assets. Such updates will be communicated to Users as necessary, but Dexlyn assumes no liability for risks that are not specifically addressed in the Risk Statement.
6.5 Users acknowledge and agree that it is their responsibility to stay updated with the latest version of the Risk Statement published by Dexlyn.
6.6 This Risk Statement addresses the following risks associated with transacting in Digital Assets and using the Services provided on the Dexlyn Platform, including but not limited to:
6.7 Digital Assets are not legal tender, are not backed by any government, and may not be backed by any physical assets.
6.8 There is no guarantee that any individual or entity that accepts Digital Assets as a form of payment or store of value will continue to do so in the future.
6.9 Digital Assets are generally regarded as a high-risk asset class. Users must exercise prudent judgment and diligence when trading Digital Assets or participating in related activities, such as liquidity provision or token swaps.
6.10 The nature of Digital Assets may be highly complex. Their terms, features, and risks may not be readily or fully understood due to their reliance on novel technological features, intricate structures, and rapidly evolving developments.
6.11 Trading in Digital Assets carries a high level of risk and may not be suitable for all Users. Digital Assets are not traditional investment products and typically lack any underlying or intrinsic asset value to support their price. Users should not trade Digital Assets if they seek regular or low-risk returns on their capital.
6.12 Trading Digital Assets is speculative and involves significant risk. The pricing of Digital Assets often lacks fundamental reasoning and can be influenced by irrational or uncontrollable market forces. The future value of a Digital Asset is unpredictable and speculative, with the possibility that some Digital Assets may have no value at all. Users trade Digital Assets at their own risk.
6.13 Digital Asset values are highly volatile and can fluctuate dramatically compared to Fiat Currencies or traditional investments. Market conditions can shift significantly in a short period, and the value of a Digital Asset may never recover if there is no further interest or development. Users face the risk of losing all or a substantial portion of their Digital Assets, with such losses potentially occurring within a very short time frame.
6.14 Using instructions for Orders does not guarantee that losses will be limited to the specified amount. Market conditions may make it impossible to fill an Order or achieve a specified limit price.
6.15 Users must understand that trading Digital Assets involves the potential for losses that could exceed the total invested capital. Users should only invest capital that they can afford to lose without significantly affecting their standard of living. Trading should cease if a User's personal or financial situation no longer allows for such activity.
6.16 Trading Digital Assets is not appropriate for individuals with:
6.17 Users must ensure they understand the economic and other risks associated with Digital Asset trading. Professional advice should be sought where appropriate.
6.18 By connecting a wallet and using the Dexlyn Platform, a User is deemed to have evaluated and confirmed their understanding of the risks involved.
6.19 The value of any Digital Asset may decrease as well as increase. Trading in Digital Assets is susceptible to irrational market forces. Any data or information regarding the past performance of a Digital Asset does not guarantee, and may not reliably indicate, its future performance.
6.20 Dexlyn provides an execution-only service and does not offer advice on the merits of any particular trade, the associated risks, or potential tax consequences. Dexlyn does not provide financial, investment, or legal advice in connection with its Services.
6.21 Dexlyn acts as a decentralized platform for executing trades and facilitating liquidity pool transactions. As detailed in Clause 4.6, Dexlyn does not act as a counterparty to transactions or engage in proprietary trading.
6.22 Dexlyn is not responsible for determining whether:
6.23 Any information provided on the Dexlyn Platform is solely for informational purposes and does not constitute financial advice, investment advice, financial advisory services, trading recommendations, or any other form of advice. Dexlyn does not warrant the accuracy, completeness, or usefulness of such information, and such information should not be considered an offer to buy or sell a Digital Asset. Users are solely responsible for determining whether any trade is appropriate for them.
6.24 By connecting a wallet and engaging in trading on the Dexlyn Platform, a User accepts the inherent risks of trading in Digital Assets. Each User represents that they have independently evaluated and investigated the risks of trading and the specific Digital Assets involved.
6.25 By utilizing Dexlyn's Services, each User represents that they possess sufficient knowledge, market experience, and expertise to independently evaluate the merits and risks of any trade or Digital Asset.
6.26 Users must seek professional advice if necessary, taking into account their investment objectives, experience level, and tolerance for risk.
6.27 Users should fully understand the specific characteristics and risks associated with the Digital Assets they intend to trade.
6.28 The ability for a User to trade Digital Assets on the Dexlyn Platform depends on the availability of sufficient liquidity in the respective liquidity pools. This is outside of Dexlyn's control, as the Platform operates using decentralized mechanisms. Dexlyn does not guarantee the timing or availability of any Digital Asset for trading or swapping.
6.29 The value of Digital Assets often relies on the continued willingness of Users to trade them. Should market interest for a particular Digital Asset diminish or disappear, there is a risk of permanent and total loss of its value. Thinly traded or illiquid Digital Assets carry higher risks due to increased volatility, and Users may be unable to initiate or close positions at favorable prices—or at all.
6.30 Changes to the underlying technology of a Digital Asset, including those caused by cyber-attacks or upgrades, may alter its functionality or value. Such changes could dilute a User's Digital Asset holdings or redistribute their value to another asset.
6.31 A "fork" refers to an upgrade or change to the protocol of a blockchain network. A Hard Fork may result in the blockchain permanently splitting, creating a new Digital Asset. Forks and similar protocol changes are outside of Dexlyn's control. The availability of new Digital Assets resulting from forks, and the Dexlyn Platform's ability to support them, may depend on third-party infrastructure outside of Dexlyn's control. Dexlyn does not own or control the protocols related to Digital Assets and makes no guarantees about their security, functionality, or continued availability. Users accept that protocol changes may impact the value and usability of their Digital Assets.
6.32 Users acknowledge and accept all risks associated with using the Dexlyn Platform, including but not limited to failures in hardware, software, and internet connectivity.
6.33 Users may face losses due to the inability to trade or convert Digital Assets into a preferred alternative asset promptly or at acceptable rates. Liquidity risk for a Digital Asset may arise from various factors, including but not limited to insufficient market activity, lack of buyers, or undeveloped secondary markets.
6.34 Transactions on the Dexlyn Platform may involve Digital Assets that differ from the Digital Asset or fiat currency a User initially holds. Users should be aware of the risks associated with currency fluctuations and the impact on trade outcomes. Changes in exchange rates may positively or negatively affect the gains or losses from any trade.
6.35 If Users convert Digital Assets after a transaction or participate in trades denominated in a Digital Asset other than their primary reference asset, adverse market movements may result in net proceeds being significantly lower than the initial investment. Gains or income may be entirely negated by these market changes.
6.36 Digital Assets held within liquidity pools or connected wallets on the Dexlyn Platform are not “deposits” and are not regulated as such under applicable laws. Dexlyn operates as a decentralized platform and does not act as a custodian of Users' Digital Assets.
6.37 Since Users interact directly with liquidity pools and decentralized protocols, Digital Assets are held on-chain and are fully dependent on the security and functionality of the underlying blockchain and smart contracts. Dexlyn assumes no liability for potential losses caused by vulnerabilities, exploits, or failures in third-party infrastructure, protocols, or custodial services.
6.38 In the event of insolvency, smart contract failure, or analogous issues affecting the protocols or third-party infrastructure integrated with the Dexlyn Platform, Users may experience losses. Dexlyn does not guarantee the recovery of Digital Assets impacted by such events.
6.39 Assets in liquidity pools are pooled with those contributed by other Users, and individual contributions may not be segregated. In the event of an irreconcilable shortfall due to protocol failure, market conditions, or other factors, Users whose assets are pooled may share proportionately in any losses.
6.40 Digital Assets in pools or third-party-supported integrations are subject to risks from infrastructure outside of Dexlyn's control. Dexlyn accepts no liability for defaults, losses, or failures of these third parties. Users acknowledge that their ability to recover Digital Assets in such scenarios may depend on applicable blockchain mechanisms, smart contract designs, or jurisdiction-specific rules.
6.41 Digital Asset transactions conducted on the Dexlyn Platform are not subject to any investor compensation funds established by governments or regulatory authorities. Digital Assets traded or pooled using the Dexlyn Platform are not protected by deposit protection schemes.
6.42 Users may incur various fees while using the Dexlyn Platform. Before making any transactions, Users must obtain full details and understand all applicable fees, commissions, and costs. If any fees are unclear, Users should request clarification in specific monetary terms before engaging in any transactions or using the Services.
6.43 Digital Assets traded or held via the Dexlyn Platform may be subject to the applicable laws of jurisdictions outside of a User's country of residence or citizenship.
6.44 Allowing another person to access or operate a wallet connected to the Dexlyn Platform carries significant risk. Unauthorized actions or trades may result in substantial losses, and Users accept all risks associated with such actions. Users fully release Dexlyn from any liability arising from unauthorized or improperly executed instructions.
6.45 Transactions involving Digital Assets are irreversible. Accidental or fraudulent transfers may not be recoverable. Users are solely responsible for exercising caution when making any Digital Asset transactions and for any losses arising from such actions.
6.46 Transactions on the Dexlyn Platform are binding once completed as described in these Terms. An Order will not be reserved unless otherwise stated in these Terms. Users may suffer losses if an Order is not executed at the intended time due to decentralized network or market conditions. Additionally, contingent transactions, such as liquidity pool interactions, may not limit losses to the intended amounts due to market volatility.
6.47 There is a risk that unauthorized third parties may gain access to a User's wallet or transactions via compromised devices, phishing attempts, or other malicious methods. Users are solely responsible for securing their accounts and devices.
6.48 Dexlyn is not obligated to provide updates, adaptations, or modifications to materials or information available on the Dexlyn Platform. Users must ensure they use the latest version of the Dexlyn app or any supported tools, as outdated versions may lack critical features or security updates.
6.49 The nature of Digital Assets makes them susceptible to increased risks of financial crime and cyber-attacks, including but not limited to malware, hacking, phishing, double spending, smurfing, spoofing, sybil attacks, social engineering, majority-mining attacks, consensus-based attacks, misinformation campaigns, distributed denial-of-service attacks, and forks. Transferring Digital Assets to a wallet exposes them to potential loss from security breaches caused by cyber-attacks that may result in theft.
6.50 There is limited or no mechanism for recovering lost or stolen Digital Assets.
6.51 While hot wallets are convenient for storing Digital Assets, they are also vulnerable to hacking, cyber-attacks, and other risks mentioned above. Cyber-attacks, theft, and disruptions involving Digital Asset trading platforms and wallets are common, and victims may find it extremely difficult to recover losses. Such events could result in significant financial losses and negatively impact a User's interests.
6.52 Understanding Digital Assets requires advanced technical knowledge. Descriptions of Digital Assets are often written in highly technical language requiring a comprehensive understanding of applied cryptography and computer science to appreciate the associated risks. Listing a Digital Asset on the Dexlyn Platform does not constitute endorsement of its underlying technology and should not replace a User's independent assessment of the risks associated with that Digital Asset.
6.53 The software protocols underlying Digital Assets are typically open-source projects, meaning:
6.54 Technological difficulties, including cyber-attacks, unexpected surges in activity, or operational challenges, may interrupt access to the Dexlyn Platform or cause the loss or theft of Digital Assets. Users accept the risks of transaction failures arising from technical difficulties, including sophisticated cyber-attacks.
6.55 Digital Asset transactions are irreversible. If a User sends Digital Assets to an incorrect wallet address outside the Dexlyn Platform, recovery may not be possible. This includes situations where the wallet address was incorrectly entered, belongs to an unidentified party, or the receiving entity does not return the Digital Assets.
6.56 The individual in possession of the private key for an external wallet will be deemed the owner of the Digital Assets associated with that wallet.
6.57 Using the Dexlyn Platform on compromised devices, such as jailbroken devices, may compromise security and result in losses or termination of Services.
6.58 Digital Assets and the Dexlyn Platform rely on internet connectivity and other technologies. The public nature of the internet means parts of it may be unreliable or unavailable at times. Interruptions, delays, data corruption, loss of confidentiality, or malware transmission during data exchanges may prevent transactions from being executed as instructed or at all.
6.59 No technology is entirely secure or fail-safe. Users must exercise caution when relying on any technology.
6.60 The internet and other electronic communication media (e.g., mobile devices, telecom services, or interactive voice response systems) are inherently unreliable, and their limitations may be beyond Dexlyn's control.
6.61 Information transmitted over the internet or other electronic media (e.g., mobile devices, telecom services, or interactive systems) may be subject to interruptions, transmission blackouts, delays caused by internet traffic or market volatility, data corruption, or errors. Such interruptions may affect transactions, including execution at incorrect prices or delayed execution, or failure to execute entirely.
6.62 Users are responsible for complying with all Applicable Laws and Regulations when engaging in transactions, including any applicable tax obligations. Users are solely responsible for reporting and paying any taxes arising from their use of the Dexlyn Platform.
6.63 Certain banks or financial institutions may freeze accounts or reject incoming funds if they determine that such funds are related to trading Digital Assets.
6.64 Users may experience losses due to value depreciation of Digital Assets as a result of controls or restrictions imposed by Competent Authorities. Repayment or transfer of Digital Assets may be delayed or prevented by government actions affecting the Digital Asset ecosystem.
6.65 Digital Assets may not have a fixed supply due to inherent design or network events, such as inflationary protocol changes, which can reduce their value.
6.66 A small number of individuals or entities may control significant portions of the total supply of a Digital Asset (“whales”). These entities can influence market events, potentially causing detrimental effects on price, value, or functionality. Their decisions may not align with the interests of other participants.
6.67 Regulatory changes or actions by Competent Authorities or unrelated third parties may negatively impact the use, transfer, or value of a Digital Asset, or limit a User's ability to transact on the Dexlyn Platform.
6.68 Stop Orders provide a mechanism to manage risk by specifying a stop level at which a trade is executed if the market price moves unfavorably. However, stop levels may not always protect Users as intended, particularly in volatile markets.
6.69 Users acknowledge that Stop Orders may not execute at the desired price or at all due to market conditions. In highly volatile markets, the price of a Digital Asset may fall significantly below the stop price, resulting in greater-than-expected losses.
6.70 Dexlyn does not directly offer margin or leveraged trading. However, Users accessing third-party integrated protocols through the Dexlyn Platform may engage in such activities. Margin requirements in such cases typically represent a fraction of the overall transaction value, which introduces leverage or gearing into trades. Leverage can amplify both gains and losses, making small price movements potentially result in significant financial outcomes.
6.71 At all times, Users participating in margin-based transactions on third-party protocols must ensure their account balance, including profits and losses, is sufficient to meet the total margin requirement. If the market moves unfavorably, additional collateral may be required immediately to maintain open positions. Failing to meet margin requirements may result in the liquidation of positions, with Users responsible for any resulting losses.
6.72 The amplified effect of gearing makes it crucial for Users to monitor their positions closely. Small changes in market prices can quickly magnify gains or losses, underscoring the need for diligent oversight of open positions when engaging in leveraged transactions.
6.73 Dexlyn does not notify Users of margin calls, as margin-based trading is not natively offered on the platform. Users relying on third-party platforms for such transactions are responsible for managing their positions and margin requirements independently.
6.74 Third-party protocols accessible via the Dexlyn Platform may alter margin requirements or credit arrangements based on various factors, including market volatility, liquidity changes, economic news, or regulatory updates. Users should anticipate potential increases in margin levels and be prepared to meet them promptly.
6.75 Accepted payment methods for margin obligations may vary depending on the third-party platform utilized. Users must familiarize themselves with the specific terms and conditions of external services to ensure compliance with margin requirements.
6.76 Certain third-party platforms may implement clawback mechanisms in cases where their insurance funds are insufficient to cover losses. This process redistributes net profits from other Users to offset shortfalls. Users participating in such systems through the Dexlyn Platform should review the respective terms of these mechanisms to understand potential impacts.
6.77 In cases of unjust enrichment due to platform or trading system loopholes, Dexlyn reserves the right to take necessary actions, including freezing accounts, recovering assets, or pursuing legal remedies. Users who fail to cooperate in resolving such issues may bear all associated costs.
6.78 Digital Asset markets may experience conditions where liquidation of positions becomes difficult or impossible. Events such as protocol changes, congestion, or other network issues can disrupt trading, with limited warning or intervention mechanisms available. Users must accept these risks when engaging in transactions.
6.79 Dexlyn facilitates access to decentralized systems but does not guarantee outcomes associated with margin, leverage, or gearing. Users are encouraged to carefully evaluate the risks and seek professional advice if necessary.
6.79 Website content, publications, investor updates, oral or written statements, presentations, audio and video recordings, and other communications from Dexlyn may include optimistic, forward-looking statements that reflect Dexlyn's current perspectives regarding future projects, events, or developments. Such statements may use terms such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should,” and similar expressions to indicate forward-looking statements.
These statements are inherently subject to uncertainties, risks, and changes in circumstances, which may include, but are not limited to: fluctuations in Digital Asset and Fiat Currency exchange rates; changes in interest rates or commodity prices; the introduction of new or competing technologies and platforms; evolving market conditions and incentives; and reduced demand for existing Services or products. Users should recognize the inherent limitations of forward-looking statements and avoid relying solely on such communications for decision-making purposes.
7.1 Account Registration and Identity Verification
To use the Dexlyn Platform, Users must provide accurate and up-to-date information for all required fields during wallet connection and account creation. Users affirm these Terms upon registration and agree that their account will only be used for personal purposes unless expressly approved by Dexlyn. Users must provide authentic and verifiable information for identity verification purposes, including details to support compliance with anti-money laundering (AML), fraud detection, and counter-terrorist financing measures. This may include, but is not limited to, providing government-issued identification and proof of residency. Users are required to promptly update any information if it changes.
7.2 Protecting Your Account
Users agree not to share account credentials or allow any unauthorized access. Users are responsible for securing passwords, private keys, and any other login credentials associated with the Dexlyn Platform. Loss of credentials may result in permanent loss of access to the account. Users must notify Dexlyn immediately if they suspect unauthorized use of their account. Dexlyn is not liable for losses resulting from the unauthorized use of credentials or third-party platforms authorized by the User. It is the User's sole responsibility to safeguard login details and ensure passwords are not reused across services. All activities under the User's account are the responsibility of the User, including those that result in legal liabilities.
7.3 Password Recovery
In case of lost passwords, Users can reset their credentials through email or other registered contact methods, subject to verification. Users must report unauthorized access or security breaches immediately.
7.4 Account Balance
Users with a positive account balance may request withdrawal of Digital Assets. However, Dexlyn reserves the right to withhold withdrawals under the following circumstances:
7.5 Account Closure
Users may request account closure at any time. Prior to closure, Users must cancel or settle open trades and provide instructions for transferring remaining assets. Users are responsible for fees and costs associated with account closure. Accounts cannot be closed to avoid fees or compliance actions related to Dexlyn's AML measures. Dexlyn reserves the right to accept or deny account closure requests.
7.6 Account Suspension
Dexlyn may suspend accounts, freeze funds, or restrict access for the following reasons:
7.7 Investigation
Dexlyn may investigate accounts and take necessary actions, including suspension, freezing, or seizure, if:
7.8 Account Termination
Dexlyn may terminate accounts at its sole discretion for reasons including, but not limited to, those in Clause 11. Upon termination, Dexlyn may recover costs or take other actions as allowed by applicable laws.
7.9 Effect of Suspension or Termination
Dexlyn retains custody of assets in suspended or terminated accounts and may release them to third parties, including authorities, in compliance with legal requirements.
7.10 Returning Assets
Unless restricted by law or investigation, Dexlyn will return the remaining assets after deducting applicable fees, costs, or damages. Users must provide wallet addresses within 30 days of notice for asset transfers. Unresponsive Users may have their Digital Assets liquidated and transferred to linked accounts or held until further resolution.
7.11 Event of Default
In the Event of Default, all obligations owed to Dexlyn will accelerate and become immediately due. Dexlyn reserves the right to liquidate assets, close open positions, and take action to recover the amounts owed.
7.12 Right of Offset and Recoveries
If your account reflects insufficient assets due to chargebacks, payment disputes, wire recalls, crediting reversals, errors, or similar occurrences, or if your account is subject to a valid levy or claim as determined solely by Dexlyn, we expressly reserve the right to take the following actions:
Dexlyn may convert Digital Assets into fiat or other Digital Assets as deemed necessary to cover insufficiencies or levies, subject to applicable laws. The conversion or liquidation of Digital Assets may result in losses for which Dexlyn will not be liable.
You acknowledge that you are solely responsible for any and all tax consequences arising from such actions. Additionally, in the event that the liquidation or disposition of your Digital Assets is insufficient to satisfy the outstanding amount, you agree to deliver the remaining balance in fiat currency or Digital Assets immediately upon Dexlyn's demand.
In cases of unresolved insufficiencies, Dexlyn may take legal or other recovery actions, including but not limited to:
Furthermore, Dexlyn reserves the right to apply additional measures as necessary to ensure the resolution of insufficiencies or levies, including but not limited to:
By using the Dexlyn Platform, you acknowledge and agree to these provisions and accept full responsibility for all related consequences, costs, and liabilities.
8.1 Dexlyn grants you a limited, non-exclusive, non-transferable license, subject to these Terms, to access and use the Dexlyn Platform and its Services solely for approved purposes as permitted by Dexlyn. You agree not to copy, transmit, distribute, sell, license, reverse engineer, modify, publish, participate in the transfer or sale of, create derivative works from, or otherwise exploit any aspect of Dexlyn's products, Services, or technology.
8.2 By using the Dexlyn Platform, you agree that:
9.1 Users are prohibited from registering multiple accounts for any purpose on the Dexlyn Platform.
9.2 Users may not access or use another User's account under any circumstances.
9.3 Users must not use the Dexlyn Platform or its Services in any manner that causes, or could potentially cause, damage to the Platform or impair its availability or accessibility. Users are also prohibited from using the Platform for:
Users agree to indemnify and hold Dexlyn, its affiliates, officers, directors, employees, agents, and representatives harmless from any claims, demands, losses, or liabilities, including legal fees, arising from their misuse of the Platform or Services.
9.4 Without explicit authorization, Users are prohibited from using the Dexlyn Platform to engage in any form of unauthorized commercial activity, or to use the Platform as a medium, platform, or facilitator for such activities.
9.5 Users must comply with all applicable laws and regulations while using the Dexlyn Platform and Services. Any actions that infringe the legitimate rights of third parties are strictly prohibited. Should Dexlyn incur losses due to User actions, Dexlyn reserves the right to recover damages through legal or other means.
9.6 Users bear sole responsibility for losses arising from their actions, including but not limited to:
9.7 Users are solely responsible for verifying account and transaction details before initiating transfers to ensure Digital Assets or fiat currencies are sent to the correct wallet or account. If Digital Assets or fiat currencies are transferred to an incorrect wallet controlled by Dexlyn, Dexlyn reserves the right, at its sole discretion, to reject the transaction and return the relevant funds to the User after deducting applicable fees.
(A) YOU EXPRESSLY AGREE THAT USE OF THE WEBSITES IS AT YOUR SOLE RISK. THE GROUP, ITS OTHER AFFILIATES NOR ANY OF THEIR RESPECTIVE EMPLOYEES, AGENTS, THIRD PARTY CONTENT PROVIDERS, THIRD-PARTY SERVICE PROVIDERS OR LICENSORS DO NOT WARRANT THAT USE OF THE WEBSITES WILL BE UNINTERRUPTED OR ERROR FREE; NOR DO THEY MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM USE OF THE WEBSITES, NOR AS TO THE ACCURACY, RELIABILITY OR CONTENT OF ANY INFORMATION, SERVICE, OR MERCHANDISE PROVIDED THROUGH THE WEBSITES.
(B) THE WEBSITES ARE PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE WARRANTIES WHICH ARE IMPLIED BY AND INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER THE LAWS APPLICABLE TO THESE TERMS.
(C) TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY, OR ITS FUTURE PARENT OR AFFILIATED COMPANIES, BE LIABLE TO YOU FOR ANY PERSONAL INJURY, PROPERTY DAMAGE, LOST PROFITS, COST OF SUBSTITUTE GOODS OR SERVICES, LOSS OF DATA, LOSS OF GOODWILL, WORK STOPPAGE, COMPUTER AND/OR DEVICE OR TECHNOLOGY FAILURE OR MALFUNCTION OR FOR ANY FORM OF DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES BASED ON ANY CAUSES OF ACTION ARISING OUT OF USE OF THE WEBSITES OR ANY ALLEGED FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, OR DELAY IN SERVICE, OPERATION, OR TRANSMISSION OF THE WEBSITES, OR ANY ALLEGED COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION OF PROPERTY, AND/OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF OR POSTING OF ANY RECORD, CONTENT, OR TECHNOLOGY, PERTAINING TO OR ON THE WEBSITES. YOU AGREE THAT THIS LIMITATION OF LIABILITY APPLIES WHETHER SUCH ALLEGATIONS ARE FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE, OR FALL UNDER ANY OTHER CAUSE OF ACTION, REGARDLESS OF THE BASIS UPON WHICH LIABILITY IS CLAIMED AND EVEN IF THE GROUP OR FUTURE PARENT OR AFFILIATED COMPANIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, YOU ALSO SPECIFICALLY ACKNOWLEDGE THAT THE GROUP OR FUTURE PARENT OR AFFILIATED COMPANIES ARE NOT LIABLE FOR ANY ACTUAL OR ALLEGED DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF OTHER USERS OF THE WEBSITES OR ANY OTHER THIRD PARTIES.
IF APPLICABLE LAW DOES NOT ALLOW ALL OR ANY PART OF THE ABOVE LIMITATION OF LIABILITY TO APPLY TO YOU, THE LIMITATIONS WILL APPLY TO YOU ONLY TO THE EXTENT PERMITTED BY APPLICABLE LAW.
9.8 Violations of any of the above obligations may result in Dexlyn taking necessary actions, including but not limited to:
10.1 Users may incur fees for certain Services provided on the Dexlyn Platform. By using the Services, Users agree to pay all applicable fees.
10.2 Dexlyn reserves the right to determine and modify its fee structure at its sole discretion. Dexlyn may introduce fees for previously free services, with any changes to the fee structure communicated to Users in advance.
10.3 If a User disagrees with any fees, they may stop using the relevant Services immediately. However, the User remains responsible for any fees incurred up to the date of discontinuation of the Services.
10.4 Unless explicitly stated otherwise, Dexlyn has the right to automatically deduct service fees directly from the User's account or wallet without prior notice.
10.5 Failure to pay fees in full and on time may result in Dexlyn suspending, interrupting, or terminating the User's account or access to the Platform.
11.1 Service Change and Interruption :
Dexlyn reserves the right to modify its Services or interrupt, suspend, or terminate them at any time, with or without prior notice, as deemed necessary.
11.2 Service Discontinuance and Termination
Dexlyn may, at its sole discretion, discontinue or terminate the Services provided to Users, temporarily or permanently, without notice. This may include, but is not limited to, the following situations:
If you have assets held in your Dexlyn Account and there is no record of your use of the Services or contact with Dexlyn for a period exceeding twelve (12) months, or a longer period as required by applicable laws or regulations, Dexlyn may be obligated to report these assets as unclaimed property under Applicable Laws and Regulations. Dexlyn will make reasonable efforts to locate you using the contact information available on record.
12.1 If Dexlyn is unable to locate you, it reserves the right to:
12.2 In the event of a User’s death:
12.3 If Dexlyn believes you may have died but lacks sufficient proof:
You authorize Dexlyn to make necessary inquiries, directly or through third parties, to determine whether you have passed away. Upon receiving proof of death, a fiduciary designated in a valid will or similar testamentary document will be required to open a new Dexlyn Account to receive the assets.
12.4 If no fiduciary is designated:
Dexlyn reserves the right to recognize as your fiduciary any person legally entitled to inherit your assets, as determined by Dexlyn upon receipt of the necessary documentation. This documentation may include a will, living trust, or equivalent legal documents, or an order from a court of competent jurisdiction.
12.5 If there is uncertainty regarding fiduciary designation:
Dexlyn reserves the right to require a court order resolving any dispute regarding fiduciary claims before taking action related to the assets in your Account.
12.6 Dexlyn shall deduct all costs and expenses incurred in administering this Clause 12 from the fiat currency value of the assets before transferring any remaining funds.
13.1 It is solely your responsibility to determine whether, and to what extent, any taxes apply to transactions conducted through the Dexlyn Platform and to withhold, collect, report, and remit the correct amounts of taxes to the appropriate authorities. Dexlyn does not provide legal or tax advice and is not responsible for determining your tax obligations, nor for collecting, reporting, withholding, or remitting taxes arising from transactions on the Platform. It is strongly recommended that you consult with a qualified legal or tax professional to understand your obligations and tax status in your jurisdiction.
13.2 You agree to comply with all applicable laws and regulations in your jurisdiction, including but not limited to those concerning the prevention of terrorist financing and anti-money laundering ("AML"). Dexlyn will cooperate with competent authorities, as required, and may provide them with information related to your account or transactions. This may include accessing and disclosing your information to law enforcement, regulatory agencies, or other external parties if Dexlyn deems it necessary to:
13.3 By using the Dexlyn Platform, you acknowledge and agree that all your actions are conducted in a lawful manner and that the sources of your Digital Assets and fiat currency are not linked to illegal activities. If Dexlyn determines, at its sole discretion, that you have violated this representation, Dexlyn reserves the right, either independently or in collaboration with law enforcement authorities, to seize, freeze, restrict, or close your account(s) and any associated Digital Assets or fiat currency.
14.1 Please refer to Dexlyn's Privacy Notice for detailed information on how your data is collected, used, and shared while using the Dexlyn Platform.
15.1 Neither Dexlyn nor any of its affiliates, service providers, or related parties shall be liable for any losses, damages, or liabilities ("Losses") arising directly or indirectly from:
By agreeing to these Terms, you release Dexlyn and its related parties from any claims, liabilities, or demands arising from such Losses.
15.2 To the fullest extent permitted by Applicable Laws and Regulations, the total aggregate liability of Dexlyn for any Losses arising out of, or in connection with, the information or material provided by or on behalf of Dexlyn and its related parties shall not exceed a maximum value of USD 100.
15.3 To the fullest extent permitted by Applicable Laws and Regulations, Dexlyn’s total liability for any Losses arising from an individual claim or a series of claims, including but not limited to:
15.4 In the case of a claim related to a specific trade, the total liability of Dexlyn, its affiliates, or service providers shall not exceed the value of the disputed trade at the time it occurred or ought to have occurred, and shall in all cases remain subject to the aggregate liability cap ("the Cap") outlined above.
15.5 Dexlyn and its related parties shall not, under any circumstances, be liable for indirect, incidental, punitive, or consequential damages ("Indirect Losses").
15.6 Nothing in these Terms shall limit Dexlyn's liability in the case of:
15.7 Any exclusions or limitations in this Clause shall not apply where such exclusions or limitations are prohibited under Applicable Laws and Regulations.
15.8 Neither Dexlyn nor the User shall be liable for any delay or failure to fulfill their obligations under these Terms if such delay or failure is caused by a Force Majeure Event.
15.9 To the fullest extent permitted by Applicable Laws and Regulations, you agree to indemnify, hold harmless, and promptly defend Dexlyn and its affiliates, associates, and related parties (including their agents, shareholders, directors, officers, and employees) (each an "Indemnified Party") from and against any and all losses, claims, liabilities, damages, penalties, fines, costs, and expenses of any kind (including professional fees and reasonable attorney’s fees) arising from or in connection with:
15.10 If you are obligated to indemnify Dexlyn or any of its related parties, Dexlyn reserves the right, at its sole discretion, to control any legal action or proceeding, including decisions about whether to settle and the terms of such settlement.
16.1 Dexlyn reserves the right to amend, replace, supplement, or delete (each, an "Amendment") these Terms or any part thereof at its sole discretion.
16.2 Dexlyn will make reasonable efforts to notify Users of any Amendment by posting the revised Terms with an updated "Last Updated" date at the top, emailing Users at their registered email addresses, or by any other means deemed appropriate. Amendments will take effect immediately upon being posted on the Dexlyn Platform or at the moment they are communicated to Users. Such Amendments will apply to all ongoing and future use of the Services.
However, there may be instances where changes are made without prior notice to Users, including but not limited to:
In cases where advance notice is not possible, Dexlyn will make reasonable efforts to inform Users as soon as possible after implementing the change.
16.3 If a User disagrees with an Amendment, their sole remedy is to discontinue using the Services and close their account. Dexlyn reserves the right to:
17.1 In the event of a transfer of all or part of the business operations of Dexlyn to a third party, you consent to the transfer of the business relationship between you and Dexlyn. This transfer may include, but is not limited to, the following:
17.2 If Dexlyn is acquired by, or merged with, a third-party entity, Dexlyn reserves the right to transfer or assign any information collected from Users as part of the acquisition, merger, sale, or other change of control.
18.1 Service Interruption
Due to the inherent nature of the Internet, we cannot guarantee uninterrupted Services. The timeliness and security of the Services are not guaranteed, and Dexlyn shall not be held responsible for any Service interruptions not directly caused by Dexlyn.
18.2 Network Safety
While we strive to provide a secure platform, Dexlyn does not guarantee that the Website or its servers are free of viruses or other harmful elements. Users are advised to use industry-standard software to scan and eliminate any potential threats from files downloaded from the Dexlyn Platform.
18.3 User Information
Dexlyn is not liable for the failure to preserve, modify, delete, or store information provided by Users. Additionally, Dexlyn shall not be held responsible for errors, omissions, or typographical mistakes that were not intentionally caused. While Dexlyn has the right to address and correct such issues, it is not obligated to do so.
18.4 Accuracy, Completeness, and Reliability of the Platform
Unless explicitly agreed in writing, Dexlyn does not guarantee the accuracy, completeness, or reliability of any content on its Platform, including but not limited to advertisements or promotional materials. Dexlyn is not responsible for any products, services, information, or materials obtained by Users based on content from the Platform. The use of such content is at the User’s own risk.
18.5 User Opinions
Opinions expressed by Users on the Dexlyn Platform reflect their personal views and do not represent the views or endorsements of Dexlyn. Dexlyn is not legally responsible for any claims, damages, or consequences arising from User comments.
18.6 Announcements
Official announcements or notices will be delivered through designated channels, including platform announcements, in-app notifications, emails, customer service calls, SMS, or regular mail. Dexlyn shall not be held liable for any claims, promotions, or information shared through unauthorized channels.
18.7 Fees, Charges, and Promotions
Dexlyn reserves the right to adjust fees, commissions, and transaction-related costs based on market conditions. Additionally, Dexlyn may terminate any promotional offers at its sole discretion without prior notice.
19.1 These Terms, your use of the Services, and any claims, counterclaims, or disputes arising out of or related to these Terms, whether directly or indirectly, shall be governed by and construed in accordance with the laws of United Arab Emirates (UAE) without regard to its principles of conflicts of laws.
20.1 In the event of any dispute, controversy, or claim, including but not limited to those concerning the existence, validity, interpretation, performance, breach, or termination of these Terms (collectively referred to as the “Dispute”), the parties agree to initially attempt to resolve the Dispute through amicable discussions.
20.2 If the parties fail to reach a settlement agreement within ninety (90) days following the discussions, the Dispute shall be referred to and finally resolved by arbitration administered in accordance with the UAE Federal Arbitration Law No. 6 of 2018 and the rules of the Dubai International Arbitration Centre (DIAC) in force at the time the Notice of Arbitration is submitted. The governing law of this arbitration clause shall be the laws of the United Arab Emirates.
20.3 The seat of arbitration shall be Dubai, United Arab Emirates. The arbitration tribunal shall consist of one (1) arbitrator. The arbitrator shall not be limited to a prescribed list and may be freely chosen by the parties. The arbitration proceedings shall be conducted in English.
20.4 The parties agree that general document discovery shall not be required. However, specific, identified documents that are relevant and material to the outcome of the Dispute may be requested.
20.5 Any arbitral award issued shall be final and binding upon both parties and enforceable in any competent court with jurisdiction.
21.1 Separability:
If any provision of these Terms is found to be unlawful, invalid, or unenforceable for any reason, such provision shall be deemed severable and shall not affect the validity or enforceability of the remaining provisions.
21.2 Complaints:
If you have any complaints, feedback, or questions, please refer to our Support Center. When contacting us, please provide your full name, email address, and any other relevant details to help us identify you and the transaction or matter related to your feedback, questions, or complaints.
21.3 Miscellaneous:
These Terms constitute the entire agreement between the parties concerning the subject matter herein and supersede any prior agreements, communications, or understandings, whether written or verbal. Any terms or conditions from other documents that are inconsistent with or in addition to these Terms shall not be binding on the parties. You represent and warrant that all information you provide to Dexlyn in connection with these Terms is true, accurate, and complete.
22.1 In these Terms, unless otherwise specified, references to:
22.2 Where a word or expression is assigned a specific meaning, other parts of speech and grammatical forms of that word or expression shall have corresponding meanings.
22.3 The table of contents and headings in these Terms are provided for convenience only and do not affect the interpretation of any part of these Terms.
22.4 Any translation of these Terms or related documents is provided solely for convenience and may not accurately reflect the content of the original English version. In the event of inconsistency, the English language version shall prevail.
22.5 The words in the table below shall have the following meanings attributed to them:
| Term | Definition |
|---|---|
| Account | An account opened and maintained with Dexlyn for the User to use the Services and trade on the Dexlyn Platform, including any Digital Asset sub-account reflecting a User’s Digital Asset balance. |
| Additional Services | Services offered by Dexlyn, including but not limited to token swaps, liquidity pools, and staking rewards as detailed in Clause 4. |
| AML Program | A program designed to reasonably prevent money laundering and terrorist financing through a risk-based, multi-layer control system. |
| API | Application Programming Interface that allows a User to operate their Account on the Dexlyn Platform. |
| Applicable Laws and Regulations | The laws, regulations, and rules of any Competent Authority that apply to Dexlyn, the Dexlyn Platform, and/or its Users, as enacted, replaced, amended, extended, consolidated, or re-enacted from time to time in any relevant jurisdiction(s). |
| Applicant | A person applying to open an Account with Dexlyn to trade on the Dexlyn Platform. |
| Asset | Any Digital Asset or Fiat Currency as defined in these Terms. |
| Competent Authorities | Any governmental, regulatory, judicial, law enforcement, or public authority with jurisdiction over Dexlyn, the Dexlyn Platform, or any of its Users. |
| Contract | Any agreement to perform an exchange of Digital Assets on the Dexlyn Platform. |
| Customer Service | A team responsible for responding to User inquiries and resolving questions, feedback, or complaints. |
| Darknet | Hidden service markets or any other online platforms used for trading illegal goods or services. |
| Digital Assets | Cryptographic assets that can be traded or stored, including but not limited to cryptocurrencies, NFTs, and other digital collectibles, which are approved by Dexlyn for use on the Dexlyn Platform. |
| Enhanced Due Diligence | A program to conduct enhanced scrutiny of Users designated as high risk, in accordance with Applicable Laws and Regulations. |
| Event of Default | Any event defined under these Terms that constitutes a breach, such as insolvency, non-payment, or failure to comply with obligations. |
| Fiat Currency | Government-issued currency that is recognized as legal tender in its country of issuance. |
| Fill | The complete or partial matching of two Orders on the Dexlyn Platform, resulting in a Trade. |
| Financial Crime | Illegal activities including but not limited to money laundering, terrorist financing, evasion of sanctions, tax evasion, and other activities specified by Applicable Laws and Regulations. |
| Force Majeure Event | Events beyond the reasonable control of Dexlyn or the User that prevent or significantly hinder the performance of obligations, including but not limited to natural disasters, cyberattacks, wars, or pandemics. |
| Futures | Legal contracts to buy or sell cryptocurrency or other digital assets at a later date, typically involving leverage. |
| Hard Fork | A significant change to a blockchain protocol that creates a new version of the blockchain, often resulting in a separate Digital Asset. |
| Indirect Losses | Losses arising indirectly, including lost profits, business interruption, loss of data, or other incidental damages. |
| Notice | A formal communication issued by Dexlyn to Users regarding policy changes, fees, or other updates related to the Dexlyn Platform or Services. |
| Notice of Arbitration | A formal document initiating arbitration proceedings under the applicable dispute resolution clauses in these Terms. |
| Order | A User’s instruction on the Dexlyn Platform to perform a Trade. |
| P2P | Peer-to-peer transactions between Users for the exchange of Digital Assets. |
| Prohibited Business | Business activities or services specified in Clause 3 that are not allowed to be conducted using the Dexlyn Platform. |
| Related Parties | Any companies that are affiliates, subsidiaries, or other entities associated with Dexlyn. |
| Restricted Locations | Jurisdictions where Dexlyn does not provide Services or operates under specific limitations. |
| Risk Statement | A document outlining the risks involved in using Dexlyn’s Services, as detailed in Clause 6. |
| Services | The services provided by Dexlyn to its Users under these Terms, including trading, custody of Digital Assets, and other related services. |
| Spot Services | Spot trading of Digital Assets through the Dexlyn Platform. |
| Stop Order | An order to buy or sell a Digital Asset once the price reaches a specified level, as detailed in Clause 6.74. |
| Terms | These Terms of Use and all referenced schedules, policies, or ancillary documents. |
| Trade | A transaction executed on the Dexlyn Platform that results from the matching of two Orders. |
| User | Any Natural Person or legal entity registered with Dexlyn who utilizes the Dexlyn Platform and Services under these Terms. |