Rules & Agreements
Please read the following rules carefully before signing in.
SERVICE AGREEMENT
This Agreement is entered into between you (hereinafter referred to as “Member”) and Royal Fundz Group (hereinafter referred to as “Vendor”). By accessing, downloading, creating account or clicking on “I agree” to accept any Services provided by Vendor (as defined below), you agree that you have read, understood and accepted all of the terms and conditions stipulated in this Agreement. This Agreement comprises this Service Agreement and incorporates by reference the attached Code of Conduct and Social Media Guidelines, all of which together comprise this Agreement (hereinafter referred to as “Agreement”).
Vendor has agreed to provide services to the Member on the terms and conditions set out in this Agreement, and Member considers that the Vendor has the proper and necessary qualifications, experience and abilities to provide services to Member.
Therefore, in consideration of the matters described above, the receipt and sufficiency of which consideration is hereby acknowledged, the Member and the Vendor agree as follows:
1. Scope of Work
The Vendor is to provide the Member with the following services (the “Services”):
1. Through the acquisition of a membership via the Member’s computer or Internet compatible devices for the Member’s personal/internal purposes, the Member shall be granted a membership which is revocable, limited, non-exclusive and non-transferable (other than as a result of the death of the member and any relevant will or probate processes in the member’s country).
2 . Provided that Member constantly complies with the express terms and conditions stated in this Agreement, Member shall receive rewards (hereinafter known as “BUB”) from the Vendor on a periodic basis. The expected Rewards are estimated to be between 2% and 10% (as determined by Vendor in its sole discretion) of the Member’s membership amount, per 24-hour period, to commence the day following membership acquisition based on Australian Time. Memberships begin at a minimum of 200 USD, Either in BTC,ETH or USDT(ERC20) and come in increments of 200, 500 and 1000 USD and multiples therefore. As rewards are earned, they may be left on account, redeemed, or they may be used to move to the Upper Plan size of membership, known as a “rebuy” and available only from earned rewards. This will enable the Member to accumulate Rewards, acquire additional memberships at their discretion, or to redeem specified cryptocurrency as may be designated by the Vendor in its sole discretion.
. Terms of Service
Subject to the terms of this Agreement, these terms and conditions will remain in full force and effect until the completion of the Services.
1. Acquiring a Membership.
The Member shall acquire cryptocurrency on their own exchange or wallet and transfer the said cryptocurrency to the Member's own cryptocurrency wallet address inside the Royal Fundz back office as provided by the Vendor for the purpose of investment. The cryptocurrency shall be chosen by Vendor in its sole discretion, and as of November 2021 it is BTC, ETH and USDT (Tether) and may be changed from time to time. Vendor is not in the exchange or wallet business nor in the business of providing financial guidance or advice in any way, nor is Vendor in the business of providing specific training or support regarding specific exchanges or wallets the Member may use to acquire their own cryptocurrency in their country.
2. Member Services.
- Vendor shall issue a receipt based on the membership acquired by the Member. Receipt shall be sent to the Member’s email address of record.
3. Vendor’s Best Efforts.
The Membership is on a best effort basis and, like any project, there is a risk of loss of all funds and rewards. The world of cryptocurrencies is highly volatile, can involve risk of loss, and may not be suitable for all persons. Risks include but are not limited to: market risks, system risks, cybersecurity, transaction processing risks, regulatory risks, trading risks, risks or mistakes made by yourself, business failure, and others. Opinions, market data and recommendations are subject to change without notice. Past results are not indicative nor a guarantee of future performance. Vendor seeks to mitigate risk by exclusively accepting BTC, ETH and USDT (Tether) as payment for membership. BTC and ETH are sitting on the throne as number one cryptocurrency in the world while USDT (Tether) is considered a “stable coin” and historically has not been subject to the market volatility found with other cryptocurrencies. There is no recommendation by Vendor to acquire any membership, product or service. Members make their own decisions, based on Member's own due diligence. Vendor recommends each Member seek the advice of a suitably qualified professional before deciding, if Member is unsure.
4. Eligibility.
By registering to use a Royal Fundz Account, Member represents and warrants that (i) as an individual, Member is at least 18 or is of legal age to form a binding contract under applicable laws; (ii) as an individual, or legal person, Member has full legal capacity and sufficient authorizations to enter into these Terms; (iii) Member takes responsibility and has determined that the acquisition of this membership is lawful in the country or territory in which the Member resides, and holds Vendor harmless for its decision to acquire this membership; (iv) Member has not been previously suspended or removed by Vendor for cause; (v) Member’s use of Vendor’s Services will not violate any and all laws and regulations applicable to Member; (vi) Member warrants that they have not and will not accept fiat currency for the purpose of providing cryptocurrency to someone else’s membership account; (vii) if at any time Vendor discovers that Member is in violation of AML/CTF or other applicable laws, access to membership Rewards account may be restricted or blocked indefinitely or terminated, and Member may be reported for both criminal and civil penalties.
5. Know Your Customer (KYC) Requirements.
At the exclusive discretion of the Vendor, Member may be required to provide KYC information to the Vendor including but not limited to passport or national identity, photograph, date of birth, or other forms of identification. Member may also be required to provide information related to the source of the cryptocurrency used to acquire the membership. Member also understands that optional services may and often do include separate KYC information and additional details.
6. Independent Member.
Each party is acting independently under this Agreement. There is no employer / employee relationship. The parties agree that this Agreement does not create a joint venture or a partnership between them.
7. Notice.
All Vendor notices or updates or requests pertinent to the terms of this Agreement, including any required revisions, and/or enforcement action will be given in writing and delivered to the Member electronically via email address registered with Vendor or in the back office of the Vendor’s membership site, or both, at Vendor’s discretion. A general notice in the Vendor’s back office as provided to each member is considered as a personal notice to the Member.
8. Time is of the Essence.
No extension or variation of this Agreement will operate as a waiver of this provision. Time is of the essence in this Agreement.
9. Integration.
This Agreement contains the entire Agreement and understanding by and between the Member and the Vendor and no representations, warranties, promises, agreements or understandings, written or oral, not herein contained shall be of any force or effect.
10. Choice of Law.
This Agreement and the performance under this Agreement and all suits and special proceedings under this Agreement, shall be held and construed in accordance with Australian law.
11. Assignability and Severability.
Vendor may revise its corporate structure from time to time, and at its own sole and exclusive discretion assign the performance and fulfilment of some or all of the Services under this Agreement to another company under this group, whether education, rewards or otherwise. If Member is unhappy with such changes, Member may simply cease doing any rebuys and can request for account closure and to withdraw all rewards. Account closure takes 14 days to be processed. The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect the validity and enforceability of the other provisions hereof.
CODE OF CONDUCT:
This Code of Conduct is an integral part of this Service Agreement, and Member understands that any breach of this Code of Conduct is considered as a breach of this Service Agreement and can result in disciplinary action or even termination.
As a member of the Royal Fundz Group and as a user of the Royal Fundz membership platform who is sharing the benefits of the Vendor’s growth, there are some standards that the Member must uphold as a member of the platform and community. The Royal Fundz Group has a commitment to innovate the blockchain industry, build great products and services, and attract loyal users. Respect for our users, for the opportunity, and for each other are foundational components to our success, and this is something we need to support every day.
Who Must Follow Our Code?
All members of the Royal Fundz Group who have either acquired an initial membership or a rebuy must follow this Code of Conduct.
Integrity
Our reputation as a conglomerate of companies that people can trust is by far our most valuable asset. It is up to the community and our team to ensure that we continually earn that trust. If there is any suspicion of wrongdoing amongst our community members such as poaching members, defamation, fraud or deception, money laundering, stacking of memberships to capture accelerated rewards to the detriment of the sponsor tree, abuse or other acts that violate laws or violation of best practices in the community toward our members and corporate team, we call upon the community members to inform the Vendor to help us uphold the highest integrity. If any such wrongdoing exists, and the Member has failed to maintain integrity, Member may have their account restricted until such activity is investigated and rectified.
Competition
For those who are building a community or inviting other members to the opportunity, it is absolutely forbidden to pose as the Vendor or to use any of the Vendor’s trademarked or copyrighted marketing materials, logos, or support channels to promote other businesses or to use any of the Vendor’s trademarked or copyrighted marketing materials or logos in unapproved marketing efforts without express permission from Vendor. Member understands and agrees that it will never use the Royal Fundz Group trademark or copyrighted materials, logos or other materials.Anyone found in violation of the above will receive one warning and any subsequent offenses may result in a permanent ban from the Vendor’s support channels and membership and/or appropriate legal action, depending on the severity of the offense.
Abuse or Misuse of the Referral Rewards Plan / Multiple Personal Accounts
For those who are building a community and seeking for rewards and ranks of BurkeUrban, it must be clearly understood that the ranks of Affiliate, Associate, and VIP are accelerated rewards for building the Community. It is an abuse of the rewards plan to use your own multiple accounts to qualify for any of these ranks from the Vendor. Such use of your own accounts clearly is not building the Community, and Member can have no legitimate expectation of receiving Community building rewards for activity that is not actually community-building. It is also a clear standard in the networking community that if a member stacks multiple accounts beneath that member that are only theirs, they are earning rewards on themselves and they are depriving those above their original position of rewards that should be going to those uplines as accelerated rewards. It must be understood that anyone abusing the rewards plan with multiple accounts, either for the purpose of qualifying for rank in whole or in part, or stacking multiple memberships under their original membership, is violating this Code of Conduct and Service Agreement and any additional financial benefits should be returned to the Vendor. Also, multiple positions will be collapsed into a single original position owned by Member.
Defamation
Our community members who are actively benefiting from the Royal Fundz platform are to uphold the Code of Conduct and are forbidden from publicly sharing any misleading or defamatory remarks about Royal Fundz, the Royal Fundz Community, or any other companies/platforms owned by the Royal FundzGroup. This constitutes fair warning to all of our active and paid members.Anyone found in violation of the above will receive one warning and a temporary account suspension for 1 week. A repeat offense will result in account termination without warning.
Anti-money Laundering and Counter-terrorism Financing (AML/CTF)
By entering into the Privacy Policy and Service Agreement, Member undertakes that Member will not knowingly do anything to put Vendor in breach of any law in relation to Anti-Money Laundering and Counter-Terrorism Financing (“AML/CTF Laws”), including, but not limited to: acting as a money broker or related criminal activities, fake deposits, taking “fees” for helping prospective members become a member, or accepting fiat currency from individuals with whom you have no prior relationship. In no case should you accept fiat currency in exchange for USDT or other cryptocurrency, even for someone with whom you have a close family or personal relationship, without getting specific approval in advance from the Royal Fundz Office of Compliance, which will not approve the same without full KYC and proof of source of funds. Member undertakes to notify Vendor if you are aware of anything that would put Vendor or Member in breach of the AML/CTF Laws. Likewise, if Member has been asked by a sponsoring member to make payments to that sponsoring member, that person should be reported to the Royal Fundz Office of Compliance. Additionally, from time to time, Vendor may require further information and/or documentation to assist with this process.
Account Suspension and Termination
For the avoidance of doubt, if an account is suspended, it will mean
that the Member will not be able to withdraw or to make rebuys under
the current plan.
If an account is terminated, it will mean that the Member’s conduct has breached this Agreement, and all unaccrued benefits of membership, including any remaining payment of membership rewards, will be forfeited by the Member.
Conclusion
We at the Royal Fundz Group rely on our Community’s and our corporate team’s good judgment to uphold a high standard of integrity for ourselves and for the Vendor. We expect all of our corporate team and our Community members to follow the Code of Conduct to the letter. We do understand that sometimes, doing the right thing is not an easy call, so if you are unsure of what to do or need some guidance, please do not hesitate to consult our Community members or the management team for more clarity. The Compliance Office is also available for advice and questions.
SOCIAL MEDIA GUIDELINES FOR COMMUNITY BUILDERS:
These Social Media Guidelines are an integral part of this Service Agreement, and Member understands that any breach of these Social Media Guidelines is considered a breach of this Service Agreement and can result in disciplinary action or even termination.
We at Royal Fundz Group are committed to ensuring our community builders are successful and providing the resources they need. When joining our community as a community builder, it is absolutely imperative to ensure that everything you are saying on social media is accurate and properly represents Royal Fundz Group.