ICB NETWORK
  • 🌟Getting Started
    • πŸ‘‹Overview
    • πŸšΆβ€β™‚οΈProject Walkthrough (Video)
    • πŸ‘¨β€πŸ«Problem Statement
    • πŸš‰Technical Solution
    • πŸ–οΈToken Distribution and Plan
  • πŸ’‘Product Fundamentals
    • πŸ†šICB Consensus Vs Others
    • ⁉️Why ICB Network ?
    • πŸ‘©β€πŸ’»Blockchain Technology In ICB
    • 🀝Decentralized Autonomous Organization (DAO)
  • 🦾Project Technology
    • πŸ›‚POS (Proof of Stake & authority)
    • πŸ‡¬πŸ‡¬Delegators and Fee Sharing
    • πŸ‘¨β€πŸ’ΌArchitecture
    • πŸ“ƒSmart Contract Details
  • πŸ‘©β€πŸ’»Developer Docs
    • πŸ“œWhite Paper
    • 🀜How to connect with ICBNetowork?
  • πŸŽ“LEGAL DOCS
    • πŸ”Privacy Policy
    • πŸ”Terms and conditions
  • πŸ“šADDITIONAL RESOURCES
    • 🏸Glossary
    • ❓FAQS
    • πŸ›£οΈRoadmap
    • πŸ”„How to connect ICB Network
    • πŸ”’ICB Netowork Team
  • 🀝Community & Ecosystem
    • πŸ—žοΈFeature request form
    • πŸ™‹Product feedback form
    • πŸ€›KYC Request
    • 🐞Bug Bounty
  • πŸ—£οΈSOCIALS
    • πŸ”—Website
    • 🐦Twitter
    • πŸ‘ΎDiscord
    • 🦻Telegram
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  1. LEGAL DOCS

Terms and conditions

1. Staking Agreement

  • Commitment: By staking your tokens, you agree to lock them for a predetermined period, during which they cannot be traded or withdrawn.

  • Risks: Be aware that staking involves risks, including market volatility and potential changes in the project's direction.

2. Rewards and Penalties

  • Earning Rewards: Rewards are distributed in accordance with the amount and duration of your stake. The longer and larger your stake, the greater the potential rewards.

  • Penalty Clauses: Early withdrawal or violation of staking terms may result in penalties, including forfeiture of rewards.

3. Validator Responsibilities

  • Role: Validators are crucial for maintaining network integrity. If you choose to become a validator, you must ensure your node remains online and performs optimally.

  • Penalties for Downtime: Validators facing frequent downtimes or malicious activities may be penalized, which could include a reduction in staking rewards or even ejection from the network.

4. Governance Participation

  • Voting Rights: Stakers may receive voting rights, allowing them to participate in key decision-making processes regarding network updates and governance changes.

  • Active Involvement: We encourage participants to actively engage in governance proposals to foster a democratic and transparent ecosystem.

5. Privacy and Security

  • Data Protection: We are committed to protecting your personal data. However, participants are also responsible for their own digital security, including safeguarding private keys and wallet information.

  • Transparency: While we uphold privacy, certain aspects of transaction history and staking records are public for network transparency.

6. Regulatory Compliance

  • Legal Boundaries: Participants must comply with their local laws and regulations regarding cryptocurrency and staking.

  • Changes in Regulation: Be aware that changes in regulatory landscapes could impact your participation in the project.

7. Amendments

  • Updates to Terms: These terms and conditions are subject to change. Any amendments will be communicated clearly to all participants.

  • Continued Participation: Your continued participation after such changes constitutes acceptance of the new terms.

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Last updated 1 year ago

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