Dear MOMENTICA users,
Thank you for your continuous support! We would like to note that there will be an update to the Terms of Service as follows.
The following amendments will be incorporated to the Terms of Service as of April 18, 2024.
If you do not express your intention to amend or change the revised Terms of Service by the day before the effective date, you will be deemed to have agreed to such revised Terms of Service. If you do not agree to the Terms of Service, you may withdraw your membership (membership withdrawal).
[Amendment]
Added clause in Article 1.1:
(h) “Marketplace” means refers to the service provided by Levvels within the platform where users can directly sell and purchase TAKE between each other.
Added clause in Article 1.4:
For the avoidance of doubt, the Services include the Marketplace and these Terms shall apply to transactions within the Marketplace unless otherwise defined.
Added clause in Article 3.2:
(u) obtain TAKEs in violation of relevant law or these Terms, or sell or trade TAKEs prohibited by law through the Marketplace to other Users; or
(v) fail to disclose or provide false disclosure of significant transaction conditions that may affect purchasing decisions of Marketplace Users (including providing information in a misleading manner that may deceive buyer Users) and selling them through the Marketplace.
Added Article 3.9:
3.9 TAKE Transaction in Marketplace
(a) Our Role. We operate, manage, and provide the Marketplace, but we are not parties to TAKE transactions between users on the Marketplace. We do not act as agents for transactions conducted through the Marketplace, nor do we guarantee the truthfulness, legality, completeness, safety, appropriateness, or legality of transactions and related information conducted through the Marketplace, and we do not assume any responsibility. Seller Users and buyer Users are responsible for conducting TAKE transactions through the Marketplace at their own risk. However, we may, at our sole discretion, intervene in and take measures to resolve disputes or complaints related to transactions conducted through the Marketplace and take actions based on our judgment (provided, however, that the obligations and responsibilities of transaction parties are not limited or exempted even in this case).
(b) Seller User’s Obligations. Seller Users on the Marketplace cannot sell TAKEs acquired in a manner that violates these Terms, laws, or prohibits sales to third parties. Seller Users may set transaction terms within the scope permitted by these Terms, laws, and our policy. Seller Users must clearly and specifically notify and guide the buyer Users of the TAKE transaction terms prior to the buyer User’s purchase. Seller Users must resolve buyer inquiries and complaints and take necessary actions at their own risk in transactions through the Marketplace.
(c) Buyer User’s Obligations. Buyer Users on the Marketplace must be aware that transaction terms set by seller Users may differ from the conditions where Levvels is a party and must clearly check and review the transaction terms set by seller Users before entering into transactions.
(d) Fees and Compliance Requirements. We may charge fees for transactions between seller Users and buyer Users conducted using the Marketplace, and, at our discretion, we may separately specify requirements applicable to transactions conducted on the Marketplace or to Users who are parties. Such fees and other compliance requirements shall be notified, announced, or guided to users separately and shall be applied in accordance with these Terms.
Added Clause in Special Rules on Korean Users
6. Indemnification and Damage Compensation. We are an electronic commerce intermediary not a party to transactions between Users that are conducted through the Marketplace under the Electronic Commerce Act. Seller Users and buyer Users are responsible for transactions as parties to the transaction. We do not assume any responsibility for such transactions within the scope permitted by the Electronic Commerce Act.