Legal
Terms & Conditions
Updated on December 4th, 2024
General
The following terminology applies to these Terms & Conditions: "Delegator", “You” and “Your”, “Client” refers to you, the person accessing this website and accepting the delegation service's terms and conditions. "H2O Nodes", "Validator", "Validation Service", “Service", "Baker", "We" and "Us", refers to the delegation service. Any use of the above terminology or other words in the singular, plural, capitalisation and/or he/she or they, are taken as interchangeable and therefore as referring to the same. Once an individual accesses the Website, starts using the Website functionality or any other H2O Nodes services, including providing or submitting any information to Us, an individual gives consent and agrees with these Terms & Conditions.
Disclaimer — Exclusions and Limitations
The information on this website is provided on an "as is" basis. To the fullest extent permitted by law, this Delegation Service excludes all representations and warranties relating to this website and its contents or which is or may be provided by any affiliates or any other third party, including in relation to any inaccuracies or omissions in this website and/or the Delegation Service’s literature; and excludes all liability for damages arising out of or in connection with your use of this website or any of its forwardings to network connected delegation services. This includes, without limitation, direct loss, loss of business or profits, damage caused to your computer, computer software, systems and programs and the data thereon or any other direct or indirect, consequential and incidental damages.
Regulatory Compliance
You, as a Client, must warrant and represent that your Service usage will stay compliant with all applicable regulations and laws. You are completely responsible for understanding whether or not the Service is suitable for you in respect of such data privacy laws and regulations as GLBA, GDPR, similar or any other applicable laws. H2O Nodes is not liable if the Platform doesn't meet those required criteria. You take complete responsibility for any other laws and regulations in your jurisdiction whether they restrict or allow you to use such services as H2O Nodes.
Services
H2O Nodes offers services, acting as node operator or Validator on various Proof-of-Stake (PoS) blockchain networks, which allow for the holders of applicable tokens to become Delegators. When delegating, Delegators stake the Tokens and delegate the voting powers attributable to such staked tokens to H2O Nodes acting as Validator. This allows H2O Nodes to participate in the governance of different PoS blockchains. All decisions made by H2O Nodes related to the PoS blockchains are exempt from any disputes from the delegators.
Rewards
In accordance with the terms of the applicable blockchain network, Delegators and the Validator may be entitled to rewards payable to them directly by the Network.
Non-custody
Delegation shall not involve the transfer of any tokens from the Delegator to H2O Nodes or vice versa, and any delegated tokens shall at all times remain the property of, and under the control of, the Delegator. The Delegator can unstake its tokens at any time from H2O Nodes’s Delegation service. Each PoS network has their own rules about the unbonding or lock-up period. H2O Nodes as a Validator has no control over this time period. The Delegator remains in full control of its keys and seed phrases, and is solely responsible for the security of its own digital assets. As a non-custodial service, H2O Nodes does not have any control over the tokens of the Delegators and will not be able to recover these tokens in case of theft or loss.
Governance
When acting as a Validator, H2O Nodes may get involved in protocol level governance decisions, and use the Delegated voting power to express its views on future network upgrades, grant fundings, and other decisions. Depending on networks, the Delegator is able to vote and override H2O Nodes governance votes. We encourage all Delegators to also vote by themselves when possible. H2O Nodes cannot be held legally liable for protocol level decentralized governance votes and decisions.
Log Files
We use website usage data, including anonymised IP addresses to analyze trends, administer the site, track user actions, and gather broad demographic information for aggregate use. If you choose to use any product developed by H2O Nodes, your email and public wallet address might be collected. Our web servers automatically log standard access information including browser type, access times, URL requested, and referral URL. This information is not shared with third parties and is used only within this Delegation Service on a need-to-know basis.
Ownership and Intellectual Property
H2O Nodes owns all proprietary rights in the Service which include the domain and all of its subdomains (www.h2o-nodes.com), such marketing materials as logos, color schemes, design, and also copyrights, trademarks, trade secrets, service marks, development practices, proprietary software, and other intellectual property rights.
Use License
You shall not perform any unlawful actions against H2O Nodes that may create a huge load on our infrastructure; attempt to bypass or circumvent any security mechanisms; gain unauthorized access to any of our computer systems; run malicious code; or launch crawlers, spiders, or auto-responders that collect data or spam the Service.
Client Rights And Obligations
You as a Client of the Service must cover all applicable taxes associated with payouts associated with the services performed and rewards received by the protocol. H2O Nodes is not responsible for any Client taxes. Withdrawals are subject to each network’s unbonding or lock-up period.
Experimental Technologies
Blockchains and consensus algorithms such as Proof-of-Stake are experimental technologies. There are considerable risks in the technology and mechanics of each network. H2O Nodes is not responsible in case of blockchain protocol fault, bugs, hacks or other failure. H2O Nodes does not provide any investment, financial, legal, regulatory, accounting, tax, or similar advice. You should always conduct your own due diligence.
Notification of Changes
H2O Nodes reserves the right to change these conditions from time to time as it sees fit and your continued use of the site will signify your acceptance of any adjustment to these terms. Updated on December 4th, 2024.