Hello. This is Iskra Team.
Thank you to all the members of Iskra service.
2.5. “Staking” is the act of the Users participating in the activities of a blockchain network and seeking compensation that may arise accordingly.
2.6. “Unstaking” is stopping staking on a blockchain network and requesting the return of tokens used for staking (including any compensation).
2.7. "Compensation" is the digital assets to be paid as a result of the Staking.
2.8. “sISK” (staked ISK) is a token provided when an ISK token is deposited in the Staking.
3. ISKRA PLATFORM
3.10. The Staking is not any financial (investment) product or service, but is a service technically supported by ISKRA to allow Users to stake themselves. Users should fully check the risks caused by the Staking or Unstaking before applying. The Staked Digital Asset may be lost or not be returned or delayed (or restricted) to be transferred due to possible reasons arising from the blockchain network of such Digital Assets, and the ISKRA is not responsible for this. Users can check the storage and management status of digital assets related to the services, and digital assets applied for staking will be excluded from the assets held, traded and withdrawable in the User's ISKRA account from the time of application for Staking until the Unstaking is completed. ISKRA will not be liable for any losses due to user’s misunderstanding of the Staking terms and changes to such term's rules.
3.11. ISKRA aggregates information of compensation for the Staking incurred each day, and the compensation is distributed to the user's ISKRA account. However, the distribution of compensation may be temporarily delayed depending on the blockchain network situation and technical conditions. The compensation from the Staking varies depending on the circumstances and conditions, and ISKRA does not guarantee compensation to the Users. At its sole discretion, ISKRA may not provide the User compensation in less than the minimum unit.
3.12. ISKRA provides the Services by simply providing technical support and acting on behalf of the Users within the scope of their designated work within the scope of technology, considering the blockchain network.
5. USER OBLIGATIONS
5.11. The Staked Digital Asset cannot be disposed of in any way, such as transfer, or provision of collateral to a third party.
5.12. ISKRA reserves the right to reject user’s participation in the Services if the user fail to fulfill the identity verification requirements through the KYC/AML/CFT process or commit any other suspicious activity while participating in the Services provided by ISKRA.
6.3. Effect of Termination.
If the User's Staking or Unstaking status has not been terminated, the User can proceed with the termination of the Services only after completing the Unstaking.
2. Schedule for the Amendment
■ Notice period: From December 27, 2022 until January 10, 2023 UTC
■ Effective date: It will become effective from 6 AM, January 10, 2023 UTC.
Participating in Iskra on or after the effective date shall indicate that you have agreed to these changes.
3. Inquiry & withdrawal of Consent
Please refer to the FAQ for more information regarding the withdrawal request.