Lolly.cash Terms of Use

1. Lolly.cash Points in general

  • “Lolly.cash” and “Lolly.cash Points” are points issued by the Points Operator to Users, Businesses, Brands, and Communities (“Accounts”) as rewards.
  • Accounts automatically are given a Lolly.cash Points Wallet.
  • Lolly.cash Points are redeemable within Lolly only.
  • Lolly.cash Points cannot be transferred between Users outside of the context of the normal usage of Lolly.
  • Lolly.cash Points have no value outside of Lolly.
  • The Points Operator is regulated by the Financial Supervision Authority of the Isle of Man for cryptocurrency, token issuance and marketplace operation under the Designated Business (Registration and Oversight) Act 2015.
  • The Points Operator complies with Anti Money Laundering (AML), Know Your Customer (KYC), and CTF (Counter Terrorism Financing) legislation.

2. Earning Lolly.cash Points

  • Accounts earn Lolly.cash Points by performing actions in Lolly.
  • Earned Lolly.cash Points are automatically added to the appropriate Wallet of the User, Business, Brand, and/or Community.

3. Receiving Lolly.cash Points

  • Accounts are able, from time-to-time, to receive and accept (or refuse) Lolly.cash Points from the Points Operator, partners of the Points Operator, Users, Businesses, Brands, and/or Communities.
  • Received Lolly.cash Points are added to the appropriate Wallet of the User, Business, Brand, and/or Community, only after acceptance, confirmation, verification, and/or provision of additional information and/or actions.

4. Accepting credit Lolly.cash Points

  • Accounts are able, from time-to-time and subject to the Account’s availability of Lolly.cash Points, to redeem Lolly.cash Points for Communities or the payment of invoices issued by the Operator for Relationships and/or Interactions.
  • Accepted credit Lolly.cash Points are added to the appropriate Wallet of the User, Business, Brand, and/or Community, only after acceptance, confirmation, verification, and/or provision of additional information and/or actions.
  • Accepted credit Lolly.cash Points are issued at no interest.
  • Accepted credit Lolly.cash Points are repaid by earning Lolly.cash Points or, if an Account is inactive, by reclaiming any Communities owned or supported by the Account.

5. Redeeming Lolly.cash Points

  • Accounts are able, from time-to-time and subject to the Account’s availability of Lolly.cash Points, to redeem Lolly.cash Points for Communities or the payment of invoices issued by the Points Operator for Relationships and/or Interactions.
  • Redeemed Lolly.cash Points are deducted from the appropriate Wallet of the User, Business, Brand, and/or Community automatically.

6. Additional terms

  • These Lolly.cash Terms of Use incorporate:
    • Definitions;
    • Privacy Policy;
    • Site Rules;
    • DMCA Notice;
    • Lolly Cookie Policy.
  • The Points Operator accepts no responsibility for the information on Lolly being correct.
  • The Points Operator accepts no liability for any damages that may be caused by the use of Lolly or its contents or by data or files sent and received howsoever arising. Users are themselves responsible for checking all data sent or received via the Internet for viruses and malware, including web addresses provided.
  • The Points Operator reserves the right to temporarily or permanently suspend or cancel any account, including access to Lolly.cash Points, in the event of wrongdoing. Users, Businesses, Brands, and Communities whose accounts have been suspended or cancelled can no longer access Lolly.
  • The Points Operator reserves the right to temporarily or permanently suspend or cancel any Users, in the event of wrongdoing, misuse or fraud involving Lolly.cash Points. Users, Businesses, Brands, and Communities whose accounts have been suspended or cancelled can no longer run any Promotions on Lolly
  • These Lolly.cash Terms of Use are construed under the laws of England and Wales and the parties agreed to the sole jurisdiction of London, England.
  • Any action by you against the Points Operator must be brought in your individual capacity and may not be brought as a class action or any form of collective action.
  • You agree to defend, indemnify and hold the Points Operator, its parents, subsidiaries, affiliates, and their respective officers and employees, harmless from and against any claim, demand or damage including legal fees asserted by any third-party due to or arising out of:
    • any violation of applicable laws, regulations or these Lolly.cash Terms of Use by you or anyone accessing Lolly through your User and/or Admin access, with or without your permission;
    • the use of Lolly by you or anyone accessing Lolly through your User and/or Admin access, with or without your permission;
    • any negligent acts, errors or omissions by you or anyone accessing Lolly through your User and/or Admin access, with or without your permission;
    • any injuries to or death of any person and for damages to or loss of any property, which may in any way arise out of or result from or in connection with these Lolly.cash Terms of Use, except to the extent that such liabilities arise from the gross negligence or wilful misconduct of;
    • any and all claims for infringement of any intellectual property rights arising from the use of Lolly by you or anyone accessing Lolly through your User and/or Admin access, with or without your permission.
  • If any provision in these Lolly.cash Terms of Use is prohibited by law or judged by a court to be unlawful, void or unenforceable, the provision shall, to the extent required, be severed from the Lolly.cash Terms of Use and rendered ineffective as far as possible without modifying the remaining provisions of the Lolly.cash Terms of Use and shall not in any way affect any other circumstances of or the validity or enforcement of the Brand Terms of Use.
  • The Points Operator reserves the right to amend these Lolly.cash Terms of Use at any time. The latest Lolly.cash Terms of Use are available in Lolly.
  • Users, Businesses, Brands, and Communities agree to the latest Lolly.cash Terms of Use by using Lolly after the date of any amendment of these Lolly.cash Terms of Use
This document was last updated 11 November 2019