These Terms of Use ("Terms") apply to the mobile "Roostoo" application ("App"), www.roostoo.com ("Website") and other digital services offered by "Roostoo" (collectively, the "Services"). The App include the Roostoo mobile app in both Android and iOS versions. The terms "we", "us" and "our" also refer to Roostoo. The term "you", or "user" refers to the person using any services associated with Roostoo. When you use our Services you agree to all of these terms. Your use of the Services is also subject to our Privacy Policy.
The Services provide software tools for users to access virtual market simulation of paper trading of mock cryptocurrency, as well as information on cryptocurrency, digital assets, coins, and other related information such as registration of account, registration of interest for any of our services or events, our messaging services, update functions, third party products (including applications, widgets, coins and tokens), and/or any other services and products provided by Roostoo whether by itself or in conjunction with other third parties.
Roostoo is established for users who are eager to learn and further familiarize themselves with cryptocurrency trading in a safe and simulated environment.
You fully acknowledge and understand that:
You acknowledge that:
Roostoo is not a financial advisor. Your use of the Services is at your own risk. To the maximum extent permitted by applicable law, you expressly agree that we are not providing financial advice via the Services.
Mock Trading Competitions is a feature offered by Roostoo. Roostoo also provides the feature functionality for third party Partner Hosts to conduct mock trading competitions on our app and website.
Partner Host is a third party that hosts its branded mock trading competitions powered by Roostoo's mobile app and website platform. The purpose of mock trading competitions is to enable partner hosts to engage their respective community in blockchain and cryptocurrency education.
These competitions are in no way sponsored, endorsed or administered by, or associated with, Apple, Inc. and Google, LLC.
Roostoo Game Token (RSTO) is an innovative design that will become the backbone of the Roostoo ecosystem. Roostoo allows users to pay-in their RSTO to enter mock trading competitions. After each competition ends, RSTO will be distributed back to users according to their ranking on the leaderboard.
RSTO merely serves as a game point currency to reward users that perform certain activities on Roostoo. Currently, RSTO has no cash value and does not constitute your property.
A. Roostoo Training Ground: Each user who signs up an account on Roostoo App or Website is automatically enrolled in Roostoo Training Ground to practice and get familiarity with mock trading on the Roostoo App.
B. Roostoo Regular Competition: Roostoo regular competitions are open for every Roostoo user. Users will need to pay-in their RSTO game tokens to enter any Roostoo regular competition.
C. Partner Host Competition: Roostoo generates an invitation code to the Partner Host. The specific invitation code is distributed only by the Partner Host to make eligible for their targeted participants to enter the relevant competition.
I. Starting Portfolio — As a default, each participant begins with mock $50000 worth of paper money available in their virtual portfolio. (Note that it is not real USD, there is NO actual financial transaction in the app).
II. Trade Action — Participants can enter any number of trades to mock buy and sell cryptocurrencies. Market Order will charge a virtual commission fee of 0.016%. Limit Order will charge a virtual commission fee of 0.012%.
III. Leaderboard — The participants will be ranked according to the overall portfolio return rate during the length of the competition period.
IV. Competition Duration — The duration of Roostoo Regular Competitions is 1-day, 3-day, and 7-day respectively.
V. Winners — Winners of each Partner Host Competition will be announced separately by the Partner Host.
The content on the Services is strictly for informational purposes. Nothing on or in the Services shall constitute or be construed as an offering of any currency or any financial instrument or as investment advice or investment recommendations by Roostoo or a recommendation as to an investment strategy by Roostoo.
The Services and all content are provided "as is" without warranty of any kind. Roostoo disclaims all warranties and conditions with regard to the Services and the content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title, and noninfringement.
To the maximum extent permitted by applicable law, Roostoo assumes no liability or responsibility for any errors, mistakes, or inaccuracies of any content; personal injury or property damage resulting from your access to or use of the service; any unauthorized access to or use of our servers; any interruption or cessation of transmission to or from the Services; any bugs, viruses, trojan horses, or the like that may be transmitted to or through the Services by any third party.
You are prohibited from using The Services: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate intellectual property rights; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service.
The Services may contain links to third-party websites. Your use of all links to third-party websites is at your own risk. We do not monitor or have any control over, and make no claim or representation regarding third-party websites.
We reserve the right to modify our Services or to suspend or stop providing all or portions of our Services at any time. You also have the right to stop using our Services at any time.
If any provision or part of a provision of these Terms is unlawful, void or unenforceable, that provision or part of the provision is deemed severable from these Terms and does not affect the validity and enforceability of any remaining provisions.
Our Services Terms of Use and accordingly your agreement thereto shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region, without reference to any conflict-of-law principles.
In the event of any disputes, you must first contact our Company's officer at contact@roostoo.com regarding your dispute. If no amicable resolution is reached within 60 days, both parties agree to submit to the exclusive jurisdiction of the Courts of the Hong Kong SAR.
These Terms constitute the entire agreement between you and Roostoo relating to your use of the Services and supersede all prior or contemporaneous communications.
You agree that no joint venture, agency, partnership, or employment relationship exists between you and Roostoo as a result of these Terms or use of the Service.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT YOUR PERFORMANCE WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.