VITREUS VNODES TERMS OF USE
Last Updated: December 30, 2024
1. Acceptance of Terms
By acquiring, configuring, or operating a vNode, you agree to comply with these Terms of Use. If you do not agree, refrain from using vNodes immediately.
2. Definitions
3. License and Use
License Grant: Vitreus grants users a limited, non-transferable, and revocable license to operate vNodes for validating transactions and participating in staking activities.
Prohibited Use: vNodes must not be used:
4. Responsibilities of Validators
Setup and Maintenance:
Security:
5. Staking and Rewards
6. Limitations of Liability
Vitreus is not responsible for:
7. Prohibited Activities
Validators and delegators must not:
8. Modifications to Terms
9. Termination
Vitreus may suspend or revoke access to the vNode network for:
10. Governing Law
These Terms are governed by the laws of The Cayman Islands, without regard to conflict of law principles.
1. Acceptance of Terms
By acquiring, configuring, or operating a vNode, you agree to comply with these Terms of Use. If you do not agree, refrain from using vNodes immediately.
2. Definitions
- vNode: A hardware device designed for validating blockchain transactions and securing the Vitreus network.
- Validator: An individual or entity operating a vNode to support network operations.
- Delegator: A user delegating VTRS tokens to a validator through the Collaborative Staking Marketplace.
- Collaborative Staking Marketplace: A platform for token delegation to vNode operators.
3. License and Use
License Grant: Vitreus grants users a limited, non-transferable, and revocable license to operate vNodes for validating transactions and participating in staking activities.
Prohibited Use: vNodes must not be used:
- To engage in unauthorized activities or disrupt network operations.
- In a manner violating any local, state, or international laws.
4. Responsibilities of Validators
Setup and Maintenance:
- Validators must ensure vNodes are correctly configured, connected to a stable power source, and maintain consistent internet access.
- Regular monitoring and software updates are required to maintain network participation.
Security:
- Validators must safeguard vNode hardware, wallets, and private keys.
- Any loss or compromise of private keys is the sole responsibility of the validator.
5. Staking and Rewards
- Eligibility: Only verified users with VTRS tokens may participate in staking or delegation.
- Reward Distribution: Staking rewards are distributed based on network activity. Validators and delegators share rewards according to network policies.
6. Limitations of Liability
Vitreus is not responsible for:
- Hardware malfunctions, network outages, or operator errors resulting in loss of rewards or digital assets.
- Financial losses incurred due to market fluctuations or staking activities.
7. Prohibited Activities
Validators and delegators must not:
- Engage in malicious activities, such as spamming the network or exploiting vulnerabilities.
- Conduct fraudulent or unauthorized actions that harm the network.
8. Modifications to Terms
- Vitreus reserves the right to amend these Terms at its discretion. Changes will be communicated through official channels. Continued operation of a vNode constitutes acceptance of updated terms.
9. Termination
Vitreus may suspend or revoke access to the vNode network for:
- Breach of these Terms.
- Actions jeopardizing the security or stability of the network.
10. Governing Law
These Terms are governed by the laws of The Cayman Islands, without regard to conflict of law principles.