Terms of Use

1. Terms

Within the scope of these General Terms and Conditions, the terms below are defined as follows:

  1. Graal Fund – a fund that invests assets in Graal products.
  2. Graal products – indices or portfolios managed by Graal Fund.
  3. GEM – digital tokens issued by Graal Fund, which provide the Investor with guaranteed ownership of digital assets.

2. Products

2.1 General
  1. Graal offers the Graal products, which are published on the Website. Graal products can be changed and altered from time to time, and these Terms should apply to all of them, unless it is stated otherwise in these Terms, on the Website or in the documentation, accompanying particular product. These Terms apply also to Graal products, offered, launched or made public after publication of these Terms.
  2. Graal products – shall have meaning, set out in 1.b.
2.2 Graal Fund's Portfolio – shall have meaning, set out in 1.b.

3. Products

3.1 In order to become Investor, you must create user account at gra.al/account. When you create an Graal account, you agree to:
  1. these Terms
  2. Privacy Policy
  3. create a strong password
  4. maintain and promptly update your information
  5. maintain the security of your account by protecting your password and restricting access to third parties
  6. and take responsibility for all activities that occur under your account and accept all risks of any authorized or unauthorized access to your account, to the maximum extent permitted by law.
3.2 You must provide any information required when creating an account or when prompted by any screen displayed within the Platform. You represent and warrant that any information you provide via the Platform is accurate and complete.
3.3 Graal undertakes to strictly apply privacy rules to your personal data, as set out in Graal Privacy

4. Risks

  1. You understand that digital assets, the Graal products, blockchain technology, the Ethereum protocol, Ether and other associated and related technologies are new and untested and outside of Graal’s exclusive control and adverse changes in market forces or the technology, broadly construed, will excuse Graal’s performance under this agreement.
  2. In addition to the above, you also acknowledge that you have been warned of the following risks, associated with the Website and other products offered thereto.
  3. The crypto assets market is highly volatile, which means that the results of the Graal Fund activities may not be stable and there are no guarantees that all objectives will be fully met.
  4. Reliance on service providers. The Company is reliant upon the performance of third party service providers for its executive function. In particular, different crypto-currency exchanges. Failure by any service provider to carry out its obligations (hacking, insufficient liquidity, adjustments in change rates etc.) could have a materially detrimental impact on the operation of the Company and could affect the ability of the Company to meet its investment objectives. The Company has not registered and will not register as an investment company in the United States under the US Investment Company Act. The US Investment Company Act provides certain protections to investors and imposes certain restrictions on registered investment companies, none of which will be applicable to the Company or its investors.
  5. There is a risk of theft through the use of shortcomings in the wallet codes, cyber attacks on the platform, etc.
  6. GEM is based on the Ethereum protocol. As such, any malfunction, unintended function or unexpected functioning of the Ethereum protocol may cause the GEM to malfunction or function in an unexpected or unintended manner. More information about the Ethereum protocol is available at http://www.ethereum.org
  7. GEM is based on the Ethereum protocol. As such, any malfunction, unintended function or unexpected functioning of the Ethereum protocol may cause the GEM to malfunction or function in an unexpected or unintended manner. More information about the Ethereum protocol is available at http://www.ethereum.org

5. Fees

  1. Graal Fund charge entrance fee of 2.5% and exit fee of 3.5%, payable by investors of Graal Fund.
  2. All kinds of fees are paid to Graal in the form of cryptoassets (BTC).
  3. Graal Fund reserves a right to change the type of fees and amount of fee from time to time.

6. Eligibility

Registering to use the Graal products you represent and warrant that you:

  1. are of legal age to form a binding contract (at least 18 years old in most of the jurisdictions);
  2. are of legal age to form a binding contract (at least 18 years old in most of the jurisdictions);
  3. have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party;
  4. have not been placed on any of the sanctions lists;
  5. will not use the Graal products if any applicable laws in jurisdiction of your habitual residence or incorporations prohibit you from doing so in accordance with these Terms.

7. Financial regulation and cooperation with legal authorities and authorized financial institutions and regulators

  1. None of the Graal products are regulated. Graal is not a financial institution and is currently not under supervision of any financial supervisory authority. Graal does not provide any licensed financial services, such as investment services, fund management or investment advice.
  2. None of Graal products and documents does constitute an offer or solicitation to sell shares or securities.
  3. None of the information or analysis presented are intended to form the basis for any investment decision, and no specific recommendations are intended, and Graal products not, do not offer and shall not be construed as investment or financial products, but as a software applications.

8. Liability

  1. Graal not be liable to you or anyone else for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use Graal products).
  2. In any case, aggregate liability under this agreement will be limited to 1.00 USD per user.
  3. You waive your right to demand the return of any cryptoassets you exchanged with us for the purpose of acquiring GEM or paying for Graal products.
  4. You will defend, indemnify, and hold harmless us, our affiliates and licensors, and each of their respective employees, officers, directors, and representatives from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney fees) arising out of or relating to any third-party claim concerning this Agreement or your use of Graal products contrary to these Terms.
  5. Any of Graal products may include inaccuracies or typographical errors. Changes are periodically added to the information herein. Graal may make improvements and/or changes in any Graal products at any time. Graal makes no representations about the suitability, reliability, availability, timeliness, and accuracy of any Graal products for any purpose. All Graal information, software, products, services and related graphics are provided "as is" without warranty or condition of any kind. Graal hereby disclaims all warranties and conditions with regard to any Graal products.