Jan 5 Amended Terms of Service

Part 6: Staking
1.
Staking Services. When you hold Digital Assets in your CoinList Account, you
may be able to “stake” these assets in a third-party proof-of-stake network via
staking services facilitated by CoinList. In a proof-of-stake network, transaction
validators are chosen using a formula based on ownership of the underlying
Digital Asset as opposed to computing power (i.e., proof of work). Our Custodian
Partners will stake these assets on your behalf. In addition, CoinList entities or its
service providers may serve as transaction validators or similar nodes on their
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own behalf on the networks where these assets are staked. In this capacity,
neither CoinList nor its affiliated entities uses your Digital Assets.
2.
Optional Staking. Unless otherwise provided, staking services will be made by
default for some or all of the Digital Assets where staking functionality is
available through your CoinList Account as determined in CoinList’s sole and
absolute discretion. You hereby explicitly agree to the default staking of your
Digital Assets. YOU ARE NOT REQUIRED TO STAKE WITH COINLIST AND
YOU CAN OPT-OUT OF COINLIST’S STAKING SERVICES AT ANY TIME BY
contacting
https://coinlist.freshdesk.com/en/support/home
. CoinList may take
three (3) business days or longer to reflect your choice not to stake your Digital
Assets. If you opt-out of staking services, you can opt back in at any time.
Should you choose to stake any Digital Assets held in your CoinList Account,
these Digital Assets may be locked (unavailable for withdrawal or trading) for up
to three business days (or as otherwise applicable pursuant to the underlying
protocol) from any withdrawal or trading request.
3.
Staking Service; Rewards; Commission
.
If you stake your assets with our service,
the protocol or our Custodian Partners will stake these on your behalf, acting as a
transaction validator on the applicable network for the Digital Asset you stake. If
the protocol or our Custodian Partner successfully validates a block of
transactions in the applicable Digital Asset, you may earn a reward granted by
that Digital Asset’s network. Your reward will be determined by the protocols of
the applicable network. CoinList will distribute this reward to you pro rata, minus
a commission set forth on
https://coinlist.co/fees
paid to CoinList. Staking
rewards are not provided by us, are not guaranteed and are subject to the
individual protocol of the applicable Digital Asset, and may change at any time
without notice. CoinList does not distribute any rewards earned when serving as
a transaction validator or similar network node on its own behalf.
4.
No Guarantee. You have no right to a reward until it is received from the
designated protocol by our Custodian Partner and processed by CoinList, and
until you have maintained a positive balance for at least three (3) consecutive
days during the applicable period. Your reward will be distributed on a pro-rata
basis based on your average balance of the particular Digital Asset to the total of
all rewards received by our Custodian Partner and processed by CoinList during
the applicable period. Rewards will be distributed to your CoinList Account once
per month unless otherwise indicated. CoinList will use reasonable efforts to
facilitate the staking of any Digital Assets for which you are using CoinList’s
staking services. The “staking rewards rate” is disclosed by CoinList for each