Welcome to the VENT web and mobile application (the "Platform"). Thank you for choosing VENT (“we” or “us”), a place where you can find out about exclusively selected Web 3 projects and take part in a secure, compliant environment. Join us on our journey to make the world of blockchain, cryptocurrency, Web 3.0, and decentralized finance a more secure and beneficial place for everyone, ensuring that these innovations can be accessed by everyone in the safest way possible.
In these Terms and Conditions (“Terms”), we will detail the license agreement that governs the terms on which you, a User, may use the Platform and the Services, among other legal aspects that may be applicable or of interest to you. This document (together with all documents referred to herein) sets forth the terms and conditions governing your use of this Platform www.vent.finance and your use of the Service provided through this Platform .
Please read these Terms and our Privacy and Cookie Policy carefully before using the Platform.
By using the Services provided on this Platform you, the User, agree to be bound by the Terms and Conditions, as well as by our Privacy and Cookie Policy, so if you do not agree with all the provisions of these Terms and the Privacy and Cookie Policy, you should not use this Platform. If you have any questions regarding these Terms or the Privacy and Cookies Policy, you can contact us through our social media channels, by the contact details you find in these Terms, and even through the pop-up chat found on our Platform.
We may amend or modify these Terms at our own discretion and at any time by posting such amended or modified Terms on the Platform. Any and all modifications or changes will become effective upon publication. By continuing to access the Platform or use the Services, you agree to be bound by these Terms.
VENT: VENT FINANCE, S.L.U. (“We” or “us”).
AML Law: Ley 10/2010, de 28 de abril, de prevención del blanqueo de capitales y de la financiación del terrorismo.
Blockchain: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a network. By its nature, it is a decentralized and distributed public network that VENT uses in many instances for the proper provision of our Services, but that VENT does not own or control.
Cryptoassets: digital assets issued through computer protocols and not backed by an entity or Central Bank.
GPS: General Pool Sale, as described under these Terms.
IDO: Initial Decentralized Exchange Offering, the process in which a company raises capital by selling a new Cryptoasset of the company’s own creation specifically on a decentralized exchange.
LMV: Real Decreto Legislativo 4/2015, de 23 de octubre, por el que se aprueba el texto refundido de la Ley del Mercado de Valores.
MIFID II Directive: Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast)
Platform: www.vent.finance, launchpad.vent.finance and the equivalent mobile application(s) through which the User may access the Services.
PSO: Private Sale Offering, as described under these Terms.
TGE: Token Generation Event
Service(s): The service(s) offered as described under these Terms.
User: A person registered on the Platform who accesses the Services. We can distinguish two types of Users by virtue of their profile and the services they use:
Wallet: set of cryptographic elements that allow the custody of Cryptoassets deposited in it by a single user.
In compliance with the duty of information contained in Article 10 of Law 34/2002, of July 11, of Services of the Information Society and Electronic Commerce, the following data of the owner are reflected below:
- Name: VENT FINANCE S.L.U
- TAX ID: B06897995
- Registered Office: Paseo de la Castellana, 43, 28046 (Madrid)
- Registration Date: 14.06.2021
As a User, you accept to be fully bound to these Terms, even from the mere access or use of the Platform. To make use of the Services offered on the Platform, you must be over 18 years of age. In the event that a minor under 18 years of age accesses the Platform, the parent or guardian of the minor shall be responsible for such access and use. Likewise, you declare that the use of this Platform is done on a personal basis, without performing any type of professional service. The Platform will allow you to access the Services specified in these Terms.
Before making use of the Services, you must take into account that the risk of loss in the purchase, sale or holding of Cryptoassets may be considerable. The value of Cryptoassets can vary considerably, sometimes in a volatile manner, and there is a substantial risk of losing money buying, selling, holding or otherwise trading in Cryptoassets. Therefore, by using the Platform, the User acknowledges and accepts the risks involved in buying and holding Cryptoassets. Likewise, by using the Platform the User accepts that VENT does not provide any kind of investment advice in relation to the Cryptoassets that can be purchased through the Platform, but will only provide information on projects in which it is involved, which in no case shall constitute financial or investment advice and shall not be construed by the User as such.
Any decision to purchase Cryptoassets is the sole decision of the User, and VENT shall in no event be liable for any loss suffered as a result of such decision. Cryptoasset services are not currently regulated by the financial authorities nor do they fall under the umbrella of protection that may be offered by financial services clearing schemes in Spain. Therefore, the User should carefully consider whether trading or holding Cryptoassets is appropriate.
Please note the following risks of using VENT Services:
I. The risk of loss in holding any Cryptoassets can be substantial. You should therefore carefully consider whether holding any Cryptoassets is suitable for you in light of your financial condition. In considering whether to hold any Cryptoassets you should be aware that the price or value of Cryptoassets can change rapidly, decrease, and potentially even fall to zero. When using VENT Platform and Services you acknowledge that VENT is not responsible for any losses resulting from market changes or account misappropriation.
II. You understand and agree that any Cryptoassets, blockchain technology or distributed ledger technology related projects are new and relatively untested and outside of both VENT’s and our Projects’ exclusive control. Any adverse changes in market forces, the technology and regulatory environment impacting our performance under these Terms shall absolve us from responsibility in this regard, including but not limited to hacking attacks, possible theft, unfavourable regulatory action, or unclear legal/tax status of Cryptoassets.
III. You agree and acknowledge that we do not represent or warrant that any Services of the Platform are secure from a hacker or other malicious attack, which may result in the stealing or the loss of the User confidential information, Cryptoassets or any other data.
VENT offers through the Platform the following Services:
5.1. IF YOU ARE A PROJECT:
5.1.1 THE CROWDSALE
VENT has developed its own proprietary smart contract software which permits Projects to sell their Tokens to Participants in order for the Projects to raise funds, via Cryptoassets, for the development of the Project’s business. VENT also provides consultancy services regarding various aspects of the Project’s business, including but not limited to advice on tokenomics.
By virtue of the provision of this specific service, VENT will NOT be considered:
i. To be a custodian of wallets under Law 10/2010 since it will not hold nor have access to the private key of the Wallets of any User, neither Projects nor Participants. VENT will only have access to the corresponding public keys of Users in order to distribute Cryptoassets.
ii. Financial intermediary under Law 2/2009, since VENT does not grant loans or credit, and does not act as an intermediary in the granting of loans or credit.
iii. Multilateral Trading Facility, Organised Trading Facility, or a Regulated Market, as defined in the MIFID II Directive and the LMV. VENT only ever works with Projects whose Tokens are not considered financial instruments under the MIFID II Directive or the LMV, and does not qualify under any of the conditions legally established to be considered any type of exchange.
It is important to clarify that the smart contract software used to distribute the Tokens (and the Cryptoassets collected in exchange for the Tokens) has been audited in order to verify that quality, security and safety standards are being met. In any case, VENT will not assume any responsibility in the event of a breach or attack on the smart contract, which may affect the Cryptoassets collected and hosted in the smart contract. All technology and software provided via the Services is provided “as is'' and there can be no guarantee that there are no vulnerabilities within the code of any such technology or software. The Cryptoassets received by the Project will be hosted in a smart contract and will be stablecoins (USDT, USDC, or BUSD) which will be the Cryptoassets necessary to obtain the Project’s Tokens. Upon fulfillment of the contractual conditions agreed with by and between VENT and the Project, and according to the vesting schedule provided by the Project, the stablecoins and the Tokens shall be distributed accordingly.
5.1.2. The PSO (Private Sale Offering)
Under the PSO service, VENT organizes Private Sales enabling Users to get private access to Project’s Tokens.
Should a User decide to purchase tokens in a PSO, a legal relationship shall be established directly between the User and VENT via a “Token Purchase Agreement” or “TPA”. This TPA will typically contain identical, or near identical, terms and conditions as the TPA signed between VENT and the Project - this is not, however, a guarantee. Often these terms will impose an obligation on the Participant to follow the rules required by the Project in question. Participants are responsible for evaluating and determining the suitability of concluding the TPA on their own. Participants acknowledge and agree that in any TPA, their individual engagement with a particular Project might be subject to specific terms and conditions as set out by that Project. You acknowledge, agree, and understand VENT is not responsible for the actions of any Project.
VENT shall be absolved from any responsibility regarding the Project’s outcome (especially the subsequent value of its Tokens). The User takes full responsibility regarding any token purchases made on the Platform.
When offering the Services, VENT accesses personal data, such as, but not limited to, the name and the composition of the User’s wallet. In order to learn more about our compliance with data protection regulations, please read our Privacy Policy. Furthermore, VENT will require Participants to pass a KYC (Know Your Customer) and AML (Anti-money laundering) process.
An extended verification process (including a “proof of address” proceeding) may be requested to Participants in the following cases: transactions above 10,000 USD (or the equivalent in stablecoins).
5.1.3. GENERAL POOL SALE (GPS)
The GPS is a way in which Projects may sell their Tokens to Participants that do not hold or stake $VENT tokens.
The GPS operates under fundamentally the same rules as the Crowdsale with two important differences:
i. The Participant does not need to hold or stake $VENT tokens in order to participate in the GPS and purchase Tokens from a Project.
ii. VENT shall charge a fee to all Participants not holding or staking $VENT tokens (in accordance with the Average Holding Score requirements) of up to twenty percent (20%) of the Tokens purchased. For example, a Participant not holding or staking $VENT tokens purchases 100 Tokens. VENT shall receive 20 of those Tokens, and the Participant in question would receive 80 of those Tokens.
Upon fulfillment of the contractual conditions agreed with by and between VENT and the Project, and according to the vesting schedule provided by the Project, the stablecoins and the Tokens shall be distributed accordingly.
In any case, whether involving a Crowdsale, a PSO, or a GPS (or a combination of more than one of the aforementioned), the Project and VENT shall, prior to the provision of any of the above Services, sign a contract regulating the provision of the Services (the “Service Contract”). If there are any contradictory provisions between the Service Contract and these Terms, the provisions of the Service Contract shall prevail.
It should be noted that, in the event that more than one of these Services are provided simultaneously, multiple smart contracts shall be utilized in order to separate the different Services and to further mitigate the possibility of any single point of failure.
5.2. IF YOU ARE A PARTICIPANT:
5.2.1. THE CROWDSALE
VENT has developed its own proprietary smart contract software which permits Projects to sell their Tokens to Participants in order for the Projects to raise funds, via Cryptoassets, for the development of the Project’s business. VENT also provides consultancy services regarding various aspects of the Project’s business, including but not limited to advice on tokenomics.
By virtue of the provision of this specific service, VENT will not be considered:
i. To be a custodian of wallets under Law 10/2010 since it will not hold nor have access to the private key of the Wallets of any User, neither Projects nor Participants. VENT will only have access to the corresponding public keys of Users in order to distribute Cryptoassets.
ii. Financial intermediary under Law 2/2009, since VENT does not grant loans or credit, and does not act as an intermediary in the granting of loans or credit.
iii. Multilateral Trading Facility, Organised Trading Facility, or a Regulated Market, as defined in the MIFID II Directive and the LMV. VENT only ever works with Projects whose Tokens are not considered financial instruments under the MIFID II Directive or the LMV, and does not qualify under any of the conditions legally established to be considered any type of exchange.
It is important to clarify that the smart contract software used to distribute the Tokens (and the Cryptoassets collected in exchange for the Tokens) has been audited in order to verify that quality, security and safety standards are being met. In any case, VENT will not assume any responsibility in the event of a breach or attack on the smart contract, which may affect the Cryptoassets collected and hosted in the smart contract. All technology and software provided via the Services is provided “as is'' and there can be no guarantee that there are no vulnerabilities within the code of any such technology or software.
The Cryptoassets to be received by the Project will be hosted in a smart contract and will be stablecoins (USDT, USDC, or BUSD) which will be the Cryptoassets necessary to obtain the Project’s Tokens. Upon fulfillment of the contractual conditions agreed with by and between VENT and the Project, and according to the vesting schedule provided by the Project, the stablecoins and the Tokens shall be distributed accordingly.
Participant’s will be responsible for connecting their Metamask Wallet and disposing of funds in the aforementioned stablecoins in order to acquire the Project’s Tokens. VENT will never request a private key of a User’s Metamask Wallet, nor will VENT ever be responsible for the creation, maintenance, or custody of any User’s Metamask Wallet. If any error ever occurs with a User’s Metamask Wallet, VENT shall not be responsible for any lost access or lost assets, nor shall VENT be obliged to assist or help any User in the recovery of any private key or asset found in a Metamask Wallet. The use of a MetaMask Wallet shall be governed by the terms and conditions of MetaMask.
A User’s Metamask Wallet must be unlocked and connected in order to transfer the stablecoins required for acquiring the Project’s Tokens.
VENT shall transfer the Tokens either via the Platform, in which case a Participant must claim the Tokens directly from the Platform; or via airdrop to the Participant’s designated wallet. It is the sole responsibility of the Participant to provide VENT with the correct address for their wallet.
For participating in the different Project’s Crowdsales available in the Platform, Participants will need to comply with the “Average Holding Score”.
The fundamental notion is that every Token holder that holds, or stakes, between 5000 and 10,999 Tokens for a certain period before the Launch will be permitted to purchase a certain number of Project tokens. The more Tokens held by a specific User, the more Project tokens that that User can purchase during the Launch.
The Average Holding Score can be seen, alongside an approximation of the Allocation Size per Tier, in the following table:
This table is accurate as of the date of publication of these Terms.
A Point Allocation System (“PAS”) is under development. The PAS shall be designed to reward holders of the $VENT token and give them more control over the Projects in which they participate. More details shall be provided prior to the release and implementation of the PAS.
5.2.2. PSO (PRIVATE SALE OFFERING)
Under the PSO service, VENT organizes Private Sales enabling Users to get private access to Project’s Tokens.
Should a User decide to purchase tokens in a PSO, a legal relationship shall be established directly between the User and VENT via a “Token Purchase Agreement” or “TPA”. This TPA will typically contain identical, or near identical, terms and conditions as the TPA signed between VENT and the Project - this is not, however, a guarantee. Often these terms will impose an obligation on the Participant to follow the rules required by the Project in question. Participants are responsible for evaluating and determining the suitability of concluding the TPA on their own. Participants acknowledge and agree that in any TPA, their individual engagement with a particular Project might be subject to specific terms and conditions as set out by that Project. You acknowledge, agree, and understand VENT is not responsible for the actions of any Project.
VENT shall be absolved from any responsibility regarding the Project’s outcome (especially the subsequent value of its Tokens). The User takes full responsibility regarding any token purchases made on the Platform.
When offering the Services, VENT accesses personal data, such as, but not limited to, the name and the composition of the User’s wallet. In order to learn more about our compliance with data protection regulations, please read our Privacy Policy. Furthermore, VENT will require Participants to pass a KYC (Know Your Customer) and AML (Anti-money laundering) process.
An extended verification process (including a “proof of address” proceeding) may be requested to Participants in the following cases: transactions above 10,000 EUR (or the equivalent in stablecoins).
5.2.3. GENERAL POOL SALE (GPS)
The GPS is a way in which Users that do not hold or stake $VENT tokens may purchase Tokens from Projects.
The GPS operates under fundamentally the same rules as the Crowdsale with two important differences:
i. The User does not need to hold or stake $VENT tokens in order to participate in the GPS and purchase Tokens from a Project.
ii. VENT shall charge a fee to all Users not holding or staking $VENT tokens (in accordance with the Average Holding Score requirements) of up to twenty percent (20%) of the Tokens purchased. For example, a User not holding or staking $VENT tokens purchases 100 Tokens. VENT shall receive 20 of those Tokens, and the User in question would receive 80 of those Tokens.
Upon fulfillment of the contractual conditions agreed with by and between VENT and the Project, and according to the vesting schedule provided by the Project, the stablecoins and the Tokens shall be distributed accordingly.
It should be noted that, in the event that more than one of these Services are provided simultaneously, multiple smart contracts shall be utilized in order to separate the different Services and to further mitigate the possibility of any single point of failure.
5.2.4. STAKING
If the User consents, the Staking Service may be available on the Platform: if the User uses the Staking service, VENT will lock the User’s VENT tokens for a specified period of time. During this period, VENT Tokens will be unable to be traded, withdrawn or otherwise disposed of, unless the User unstakes the tokens, which may result in additional costs and fees. The specific conditions of the Staking Service may change from time to time. To remain up to date regarding the terms governing any Staking Service provided on the Platform, please refer to the webpage dedicated to the Staking Service for the most current version.
Users will be able to:
i. Access information about projects based on Blockchain technology;
ii. Interact with projects by upvoting and commenting;
iii. Once VENT has received the necessary authorization, Users will be able to exchange FIAT currencies for different Cryptoassets via the Platform.
The User assumes responsibility for the use of the Platform. This responsibility extends to the registration required to access the Services. In such registration the User shall be responsible for providing truthful and lawful information according to the KYC process required in some of our Services.
In the event of obtaining VENT Tokens, the User will be required to provide the personal data necessary for his or her effective identification, as well as the corresponding supporting documentation, in order to prevent any potential money laundering and terrorist financing behavior and to be able to adopt appropriate due diligence measures. The User irrevocably undertakes to guarantee that the information provided is truthful.
VENT reserves the right to request that the information be updated if it becomes aware that it has undergone any modification. Similarly, VENT reserves the right to make the appropriate checks in order to confirm the legal origin of the contributions of funds that are made. If it becomes aware of irregularities in the registration process and in the subsequent use of the Platform by the User, VENT will proceed to take action for the purpose of preventing any conduct related to money laundering and terrorist financing.
In the registration process, the User will be provided with a password, for which he/she will be responsible, committing to use it diligently and confidentially.
In the event of unauthorized access to the User's account, the User agrees to immediately notify VENT through the means of contact made available to the User and indicated in these Terms and Conditions (http://vent.ec/support-form).
The User undertakes to make appropriate use of the content and Services that VENT offers through the Platform and, by way of example but not limited to, not to use them for (i) engaging in illicit or illegal activities or those contrary to good faith and public order; (ii) disseminating content or propaganda of a racist, xenophobic, pornographic, or illegal nature, in support of terrorism or against human rights; (iii) cause damage to the physical and logical systems of VENT, its suppliers or third parties, introduce or disseminate computer viruses or any other physical or logical systems that are likely to cause the aforementioned damage; (iv) attempt to access or, where appropriate, use the email accounts of other Users and modify or manipulate their messages.
VENT reserves the right to interrupt access to the Services at any time and without prior notice, whether for technical, security, control, maintenance, power failure, or any other justified cause. Consequently, VENT does not guarantee the reliability, availability or permanent continuity of the Platform or the Services, so that the use of the same by Users is carried out at their own risk.
Furthermore, VENT assumes no liability whatsoever arising from the use of the Platform, including but not limited to:
- Your use of the materials available on the Platform in violation of intellectual property rights and / or industrial content of the website itself or third party portals.
- For possible damages to Users caused by a normal or abnormal operation of the search tools, the organization or location of the contents and/or access to the Services and, in general, of the errors or problems generated in the development or instrumentation of the technical elements that form the Service.
- Of the contents of third party pages which you can access from links included in the Platform.
- The acts or omissions of third parties, regardless of whether these third parties may be contractually bound to VENT.
Similarly, VENT excludes any liability for damages of any kind that may be due to the presence of viruses or the presence of other harmful elements in the contents that may cause alterations in computer systems, as well as in the documents or systems stored therein, so that VENT shall not be liable in any case when they occur:
- Errors or delays in accessing the Services by the User when entering his/her data in the corresponding form or any anomaly that may arise when these incidents are due to problems in the Internet network, acts of God or force majeure, and any other reasonably unforeseeable contingency beyond the good faith of VENT.
- Failures or incidents that may occur in communications, deletion or incomplete transmissions, so that there is no guarantee that the Platform Services are constantly operational.
- Errors or damages caused to the website or the application due to inefficient and bad faith use of the Service by the User.
- Non-operability or problems with the email address provided by the User to send the requested information, or with the mobile telephone networks.
In any case, VENT undertakes to solve any problems that may arise and to offer all the necessary support to the User to reach a quick and satisfactory solution to the incident.
We also duly inform you of the various risks inherent in Blockchain technology and its uses:
- The Cryptoassets available for purchase on our website should not be seen as investment opportunities in any sense, and no profitability should be expected from the purchasing, holding, or reselling of the tokens.
- Financial involvement in early-stage projects involves a high level of risk, so it is necessary to properly understand their business models.
- There is no guaranteed secondary market for the tokens and at any time the price or "value" of the Cryptoassets may drop to zero.
- The purchase price of the Cryptoassets may fluctuate in a volatile manner according to the impact of supply and demand.
- Cryptoassets are not covered by client protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.
- The prices of Cryptoassets are constituted in the absence of mechanisms that ensure their correct formation, such as those present in the regulated securities markets.
- The acceptance of Cryptoassets as a means of exchange is still very limited and there is no legal obligation to accept them.
- Distributed ledger technologies are still at an early stage of maturity, with many of these networks having been created recently, so they may not be sufficiently tested and there may be significant flaws in their operation and security.
- The recording of transactions in networks based on distributed ledger technologies works through consensus protocols that may be susceptible to attacks that attempt to modify this record and, if these attacks are successful, there would be no alternative record to support these transactions and therefore the balances corresponding to the public keys, and all the Cryptoassets could be lost.
- The anonymity facilities that Cryptoassets can provide make them a target for cybercriminals, since in the case of stealing credentials or private keys they can transfer the Cryptoassets to addresses that make their recovery difficult or impossible.
- The information provided by VENT is not financial advice and is for educational and informative purposes only. If you are considering any purchase and you are unsure as to how it might affect you, it is recommended that you reach out to a qualified expert for professional advice.
- If you are considering purchasing Cryptoassets from any Project launched through VENT, you should always do your own research before making any decision.
VENT will soon be obliged to comply with AML Law and, on the whole, has a strong focus on ensuring that VENT is a compliance-first platform where Users can get involved in the world of Web 3 with the greatest confidence in the security and safety of their involvement. Therefore, all Users must comply with VENT’s Know Your Customer (“KYC”) processes and Anti Money Laundering (AML) processes.
Participants who acquire Tokens through the Services will not be able to receive any Tokens from Projects unless they fully adhere to the KYC and AML processes used by VENT.
Participants are required to submit all necessary documentation as required by our KYC/AML provider, Onfido.
Participants residing in the United States must be accredited investors and must pass the equivalent screenings provided by InvestReady.
Projects wishing to work with VENT must pass the KYC/AML processes conducted by Synaps.
Documents submitted must be verified prior to being able to become a Participant of any Project.
The following are examples of verification methods that VENT may use:
a) Obtaining proof of address.
b) Comparing the identifying information with information available from a trusted third-party source, such as international databases.
In case VENT is not able to verify the true identity of the User through documents, the User’s Account will be closed.
Sanctions Compliance
Pursuant to the economic sanctions programs administered in the jurisdictions where VENT conducts business, VENT is prohibited from providing services or entering into relationships with certain individuals and entities.
In the event that VENT is required to block assets associated with the User’s Account in accordance with a sanctions program, or other similar government sanctions programs, VENT may:
i. deactivate or block User activity,
ii. and withhold any outstanding rewards.
VENT is not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with applicable law, the guidance or direction of any regulatory authority or government agency, or any writ of attachment, lien, levy, subpoena, warrant or other legal order.
Without limiting the foregoing, you may not acquire any Cryptoassets, or use any of the Services, through the Platform if:
1) you are in, under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, or Syria or any other country subject to United States embargo, UN sanctions, HM Treasury’s financial sanctions regime, or if you are on the U.S. Treasury Department’s Specially Designated Nationals List or the U.S. Commerce Department’s Denied Persons List, Unverified List, Entity List HM Treasury’s financial sanctions regime; or
2) you intend to supply the acquired cryptocurrency(ies) or VENT Services to Cuba, Iran, North Korea, Sudan or Syria or any other country subject to United States embargo or HM Treasury’s financial sanctions regime (or a national or resident of one of these countries), or to a person on the Specially Designated Nationals List, Denied Persons List, Unverified List, Entity List, or HM Treasury’s financial sanctions regime.
Without the list being exhaustive, the User undertakes to refrain from performing the following actions, either directly or through a third party:
- Use the Platform, the Services or any of its contents in a manner or for purposes different or contrary to these Terms, laws, morals, good customs or public order.
- Use the Platform or the Services to send, reproduce or publish files or any type of information whose content is obscene, abusive, defamatory, libelous, slanderous, pornographic, political or contrary to law, morals and good customs, or that contains malicious software such as viruses, worms or that contains any other feature capable of destroying or damaging the operation of an electronic device, the Platform, or VENT systems or servers, or a third party.
- Use the Platform or Services to send, reproduce or publish files in violation of intellectual property rights of third parties.
- Exploit or attack the Platform or a vulnerability (or bug) in the Platform for your own or a third party's benefit.
- Use the Platform on behalf of or for the account of any third party or permit any person other than the User (including, without limitation, through assignment, license or transfer) to use your account and the Services associated with your account.
- Use automatic or manual programs, software or devices, to monitor or copy the information or any type of content or element of the Platform.
- Linking the Platform or the Services in any way to unsolicited promotions, political campaigns or commercial messages (SPAM) or any chain letters or messages with untruthful content for personal or third party gain.
- Perform actions that restrict, deny or prevent third parties, access and use of the Platform, as well as the content and services offered through it.
- Attempt to violate any authentication and security systems of the Platform.
- Attempt to obtain any kind of material or content accessible through the Platform using procedures or means other than those that, as the case may be, have been expressly indicated or made available to the User.
- Include frames, links, deep links, or links to the Platform, either from other websites or from any software or electronic device.
- Take any action that imposes a disproportionate or unreasonable burden on the Platform's technological infrastructure.
- Use meta tags or any other type of hidden text with the name "VENT", or any other name or trade name and/or intellectual property rights that belong to or are owned by VENT.
VENT reserves the right to deny or withdraw access to the Platform and/or the services offered therein without prior notice to those Users who perform any of the actions indicated in this section.
The User may request the cancellation of his/her account through the Platform, or by filling in the following form: http://vent.ec/support-form using only the email address with which he/she registered.
The contractual relationship shall not be considered terminated until VENT has cancelled the account, terminated the User from the Platform and notified the User of the termination.
The document number and e-mail address associated with the User will remain blocked, so that no other person will be able to create a new account using them.
Transaction information will not be deleted. Regarding the period of conservation of the User's personal data, they are permanently available in the Privacy Policy.
In line with the provisions of these Terms and Conditions, VENT assumes that any movements made in a User's account have been made by the User, and therefore the User acknowledges and agrees to be solely responsible for the use made of his or her account and for the direct and indirect consequences and damages arising therefrom.
In the event that the User detects that his/her account has been attacked or that a third party has made transactions through the account, he/she must notify VENT as soon as possible in order to proceed to block the account by filling in the following form: http://vent.ec/support-form.
In case the User forgets or loses his/her password, he/she can recover it by the means available through the Platform, or contact VENT by filling in the following form: http://vent.ec/support-form
Pursuant to Article 103 of Law 3/2014 of 27 March, the transactions contained in the present terms and conditions are excluded from the right of withdrawal.
All content on the Platform, including without limitation the design of its screens, promotional materials, trademarks, trade names, trade dress, text, graphics, logos, images, icons, buttons, videos, sounds, music, databases, source code, software and color schemes (hereinafter, the "Content"), is owned by VENT or its licensors.
The Content may not be reproduced, modified, transformed, edited, translated, transferred, distributed, represented, marketed, publicly communicated, stored, used for purposes other than those provided for in these Terms, or be the subject of derivative works, without prior written permission of the rights holder.
Your access to the Platform does not grant you any license, right or title to any intellectual property rights in all or any portion of the Content. Users are granted only a non-exclusive, revocable, limited license to access and use the Platform in accordance with these Terms.
If the User considers that the Platform or the Content violates any intellectual property rights of third parties, he/she must notify VENT at the address indicated in these Terms, attaching all the necessary information and documentation to support the aforementioned consideration.
In accordance with the provisions of the General Data Protection Regulation and other applicable regulations on the subject, we inform you that the personal data provided by the User through the Platform or by sending emails, will be processed by VENT as data controller in order to carry out the registration of Users, carry out the transactions requested, address the doubts of the Users, as well as receive periodic notifications through electronic means. Users can find more information about the processing of their data in the privacy policy, which must be read and understood in order to use the Services.
VENT is committed to the fulfillment of the obligation of secrecy of personal data, therefore it has adopted the necessary measures to avoid its alteration, loss, or unauthorized access/processing, taking into account at all times the current state of the art of technology.
On the other hand, VENT informs that by accessing its Platform there is certain information of a non-personal nature and not identifiable with a specific user that is collected during the live session through devices called "cookies" that allow us to obtain statistical information on the use of the Platform to then be able to make improvements. All Users must accept, reject or configure cookies to navigate the Platform through the pop-up banner when entering the Platform. For more information, please see our cookie policy.
In the event of accessing the Platform or any of the Services of VENT, or contacting VENT, or providing information to VENT, be aware that the following web domains are the only domains that are used by VENT:
vent.finance
launchpad.vent.finance
help.vent.finance
forms.vent.finance
surveys.vent.finance
vent.ec
Any domains other than those listed above are not official VENT domains and in order to protect yourself, you should not access them.
It is strictly forbidden to utilize similar domains that infringe on the intellectual property of VENT, or otherwise may be prone to induce confusion in the end user.
Cryptoasset transactions are recorded on public Blockchains. Public Blockchains operate like distributed ledgers, intended to immutably record transactions on networks of computer systems. Many of these public Blockchains allow forensic analysis that can lead to de-anonymization and inadvertent disclosure of private financial information, especially when blockchain data is combined with other data.
Because blockchains are decentralized or third-party networks that are not controlled or operated by VENT, we cannot delete, modify or alter personal data on such networks. For more information you can refer to our Privacy Policy.
For any interpretative or litigious issues related to the web portal or the app, Spanish law shall apply and in case of dispute, both parties agree to submit, waiving any other jurisdiction that may apply, to the jurisdiction of the Courts and Tribunals of the city of Madrid (Spain) provided that such dispute is not related to any economic transaction, which will be resolved through the jurisdiction of the Courts and Tribunals of the domicile of the consumer or by filing the appropriate claim by filling out the following electronic form: http://ec.europa.eu/consumers/odr/
Under no circumstances shall VENT assume any responsibility for the contents of any link belonging to an external website, nor shall it guarantee the technical availability, quality, reliability, accuracy, comprehensiveness, truthfulness, validity and constitutionality of any material or information contained in any such hyperlinks or other Internet sites. Likewise, the inclusion of these external connections does not imply any type of association, merger or participation with the connected entities.
It is expressly forbidden to introduce hyperlinks for commercial purposes on websites not belonging to VENT that allow access to the Platform without the express consent of VENT. In any case, the existence of hyperlinks on websites outside VENT, does not imply in any case the existence of commercial or mercantile relations with the owner of the website where the hyperlink is established, nor the acceptance by VENT.
In the event that one or more clauses of these Terms and Conditions are declared null and void by any competent authority or judicial body, such nullity shall not affect the validity of the remaining clauses, which shall remain in full force and effect.
VENT may assign its contractual position, this contract, and/or any of the rights and obligations arising from this contract to a third party.
The User may not assign its contractual position, this contract, or any of the rights or obligations arising from it to any third party, unless VENT grants its written consent for such purpose.
The User expressly consents to be notified or informed by electronic means of any information related to his or her User status, account and use of the Platform.
VENT has customer support open 24/7 which is accessible by filling in the following form: http://vent.ec/support-form