1Parties, definitions and acceptance
1.1 These Terms of Service (the "Terms") constitute a binding agreement between Read Cash
Ltd, a company incorporated under the laws of the British Virgin Islands (the "Company",
"we", "us", "our"), and each person who accesses or uses the website at read.cash and any
service made available through it (together, the "Service").
1.2 In these Terms, "you" and "User" mean the person accessing or using the Service;
"Content" means any text, image, message, rating, reaction or other material submitted to the
Service by a User; "Published Content" means Content submitted for publication on the Service,
and does not include direct messages or their contents; "Account" means the registered identity through which a User accesses the
Service; "Site Rules" means the rules published at read.cash/rules, as
amended from time to time; and "KT" means the non-monetary points described in clause 5.
1.3 By accessing or using the Service, you accept these Terms. If you do not accept them, you
must not use the Service. The Site Rules and the Privacy Policy are
incorporated into these Terms by reference and form part of them.
1.4 The applications published for iOS and Android under the name read.cash (the
"Applications") are published by OWL Development Center (FZE), a company licensed at the
Sharjah Research, Technology and Innovation Park, Sharjah, United Arab Emirates, under
licence number 2367 (the "Publisher"), acting on behalf of the Company. The Applications
provide access to the Service; the Service is operated by the Company, and these Terms are
concluded with the Company. Where an application store identifies a trader, seller or
developer in respect of the Applications, it identifies the Publisher. Nothing in this
clause makes the Publisher a party to these Terms.
2Eligibility and Accounts
2.1 The Service is not offered to persons under the age of sixteen (16), and you represent
that you are aged sixteen (16) or over.
2.2 Registration requires a valid electronic mail address. Authentication is performed by a
code transmitted to that address; accordingly, control of the mailbox constitutes control of
the Account, and you are responsible for maintaining the security of that mailbox.
2.3 You may hold one Account. You must not impersonate any person, misrepresent your
affiliation with any person, or operate an Account on behalf of a person who is barred from
the Service.
2.4 You are responsible for all activity conducted through your Account, whether or not
authorised by you.
3Permitted use
3.1 You must comply with the Site Rules. The Site Rules apply in every group and on every
timeline, and a group may impose additional rules within its own boundaries.
3.2 You must not use the Service to publish unlawful Content, to infringe the rights of any
person, to distribute malware, to harvest data by automated means except as permitted by our
robots directives, or to interfere with the operation, integrity or security of the
Service.
3.3 We may set, and vary, technical limits on the Service, including limits on the rate,
volume and size of submissions.
4User Content and licence
4.1 As between you and the Company, you retain all rights you hold in your Content. The
Company claims no ownership of it.
4.2 You grant the Company a non-exclusive, worldwide, royalty-free licence to host, store,
reproduce, adapt for technical purposes, publish, publicly display and distribute your
Published Content for the purpose of operating and providing the Service, including its
display in feeds, on profiles, in search results and on pages accessible to persons who are
not signed in and to search engines. The licence subsists for so long as the Published Content
remains on the Service.
4.3 Direct messages are not Published Content and the licence in clause 4.2 does not
extend to them. No licence to publish or publicly display a direct message is granted. The
Company hosts and transmits direct messages so as to deliver them to their recipients, and
processes them otherwise only as described in the Privacy Policy.
4.4 You represent and warrant that you have all rights necessary to grant the licence in
clause 4.2 and that your Content does not infringe the intellectual property, privacy or other
rights of any person.
4.5 Deletion of Content removes it from the Service. You acknowledge that copies may persist
in backups for a period, and that the Company has no control over copies made or retained by
other persons.
5KT points
5.1 KT is a feature internal to the Service. KT is not money, is not legal tender, is not
electronic money, is not a security and is not a payment instrument.
5.2 KT has no cash value, is not redeemable for money or for any other thing of value, is not
sold by the Company, and may not be transferred outside the Service.
5.3 KT exists only within the Service and only for so long as the Account holding it exists.
The Company may vary the manner in which KT is earned, spent, granted or withdrawn.
5.4 No balance of KT confers any claim against the Company.
6Bitcoin Cash
6.1 The Service enables Users to send Bitcoin Cash to one another. The Company does not
hold, custody or control any User's Bitcoin Cash at any time, and cannot dispose of it.
The single exception, which is not custody, is the refund described in clause 6.6.
6.2 A User's wallet is generated and held within that User's own browser. The recovery phrase
and the private keys derived from it are never transmitted to the Company. The Company cannot
access, spend, freeze or recover them.
6.3 Loss of the recovery phrase results in permanent and irreversible loss of access to the
funds it controls. No person, including the Company, is able to restore that access.
6.4 A tip may be sent only where both the sender and the recipient have registered a Bitcoin
Cash address with the Service. The contract described in clause 6.5 is constructed from both
addresses and cannot be constructed without them. Where the intended recipient has registered
no address, no tip is created and no funds move: the Service declines the attempt,
invites that person to create a wallet, and notifies the sender if they do so.
6.5 A tip is placed in a contract on the Bitcoin Cash blockchain and not with the Company. The
recipient may claim it. If it is not claimed before the deadline encoded in that contract, it
returns to the sender.
6.6 The Company may construct and broadcast the transaction which effects that return. That
transaction requires no private key, may be broadcast by any person, and is capable of
directing the funds to the sender and to no other destination. The Company holds no key
permitting it to dispose of the funds otherwise.
6.7 Transactions on the Bitcoin Cash blockchain are public, irreversible and final. Network
fees are levied by the network and are not received by the Company.
6.8 You are solely responsible for determining and discharging any tax liability arising from
amounts you send or receive.
7Moderation and automated processing
7.1 The Company may review Published Content against the Site Rules by automated means, by
human review, or by both, and may remove or restrict the visibility of Content and may suspend
or terminate an Account which breaches these Terms or the Site Rules.
7.2 Direct messages are not subject to human review. They are subject to the automated
processing described in clause 6 of the Privacy Policy, which reads a
first message sent to a recipient who has not previously corresponded with the sender, and
images.
7.3 Part of that review is carried out by automated services operated outside the Service. The
Privacy Policy describes what is transmitted to them and for what
purposes.
7.4 Users may mute or block other Users. Muting is not notified to the muted person; blocking
prevents the blocked person from replying to, or tipping, the blocking User.
7.5 A User who considers a moderation decision to be in error may write to
hello@read.cash.
8Availability and absence of warranty
8.1 The Service is provided on an "as is" and "as available" basis.
8.2 To the fullest extent permitted by law, the Company gives no warranty, express or implied,
as to the availability, continuity, accuracy, reliability or fitness for any purpose of the
Service, and does not warrant that Content will be preserved or that the Service will be free
from interruption or error.
8.3 The Company gives no undertaking that any User will receive tips, KT or any other benefit
from use of the Service. Features may be varied, suspended or withdrawn.
9Liability
9.1 To the fullest extent permitted by law, the Company is not liable for:
- (a) Content published by, or the conduct of, any other User;
- (b) loss of, or loss of access to, Bitcoin Cash or any other digital asset, including loss
arising from a lost recovery phrase, an incorrectly entered address, or a transfer directed
to an unintended recipient;
- (c) the content, availability or conduct of any third-party site or service to which the
Service links; or
- (d) any indirect, incidental, special or consequential loss, or any loss of profit,
revenue, goodwill or data.
9.2 Nothing in these Terms excludes or limits any liability which cannot lawfully be excluded
or limited, or any right conferred on you by law which cannot lawfully be waived.
10Suspension and termination
10.1 The Company may suspend or terminate an Account, or restrict access to the Service, where
these Terms or the Site Rules are breached, where required by law, or where necessary to
protect the Service or its Users.
10.2 Termination does not affect any right or obligation accrued before it, and clauses 4.5,
5, 6, 9 and 12 survive it.
10.3 Bitcoin Cash held in a User's wallet is unaffected by suspension or termination, the
wallet being controlled by the recovery phrase and not by the Account.
11Amendment
11.1 The Company may amend these Terms. The amended Terms take effect on publication at this
address bearing a revised date, and material amendments will be notified on the Service.
11.2 Continued use of the Service after publication constitutes acceptance of the amended
Terms.
12Governing law and jurisdiction
12.1 These Terms, and any dispute or claim arising out of or in connection with them or their
subject matter, are governed by the laws of the British Virgin Islands.
12.2 The courts of the British Virgin Islands have jurisdiction to settle any such dispute or
claim.
13Notices
13.1 Notices to the Company must be sent to
hello@read.cash, which is also the address for questions,
complaints, copyright notifications and privacy requests.
13.2 Notices to a User may be given through the Service or to the electronic mail address
registered to the Account.