Terms and Conditions

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY.

BY ACCESSING THIS WEBSITE YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW PERTAINING TO BOTH THIS SITE AND ANY MATERIAL ON IT. VGC RESERVES THE RIGHT TO CHANGE THESE TERMS AND CONDITIONS AT ANY TIME WITHOUT NOTICE TO YOU. YOU ARE THEREFORE RESPONSIBLE FOR REGULARLY REVIEWING THESE TERMS AND CONDITIONS. CONTINUED USE OF THIS SITE FOLLOWING ANY SUCH CHANGES SHALL CONSTITUTE YOUR ACCEPTANCE OF SUCH CHANGES. IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS, PLEASE DO NOT ACCESS THIS WEBSITE.

OWNERSHIP OF SITE

VGC owns and maintains this site. No act of downloading or otherwise copying from this site will transfer title to any software or material from this site to you. Anything that you transmit to this site becomes the property of VGC, may be used by VGC for any lawful purpose, and is further subject to disclosure as deemed appropriate by VGC, including to any legal or regulatory authority to which VGC is subject. VGC reserves all rights with respect to copyright and trademark ownership of all material at this site, and will enforce such rights to the full extent of the law.

COPYRIGHT

The material contained in the website, including but not limited to all design, text, videos, sound recordings, and images, are owned, except as otherwise expressly stated, by VGC. Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without VGC's prior written consent.

ACCESS OF SITE

This site and the information, tools and material contained in it are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject VGC or its affiliates to any registration or licensing requirement within such jurisdiction.

DISCLAIMER OF WARRANTY AND LIMITATION OF LIABILITY

The information on this site is provided "As it is". VGC does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. VGC will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, VGC cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither VGC, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of VGC or of any vendor providing software or services support.

Under no circumstances will VGC be liable for any consequential, incidental, special, punitive or exemplary damages arising out of any use of or inability to use this site or any portion thereof, regardless of whether VGC has been apprised of the likelihood of such damages occurring and regardless of the form of action, whether in Contract, Tort (including negligence), Strict Liability, or otherwise.

The information contained in this site is intended for information purposes only. Therefore it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular investment. You are strongly advised to obtain independent investment, financial, legal and tax advice before proceeding with any investment. Nothing in this site should be read or construed as constituting investment advice on the part of VGC, or any of its affiliates, directors, officers or employees.

The nature of investment in Financial Instruments is such that not all Financial instruments are suitable for everyone unless they:

are knowledgeable in investment matters,

are able to bear the economic risk of the investment,

understand the risk involved; and believe that the investment is suitable for their particular investment objective and financial needs.

Should any non-professional investor invests in Financial Instruments, it is advisable that only a part of the sums that the investor intents to invest for long-term should be so invested.

It is also advisable that all investors should seek advice from a professional investment advisor before making any investment in Financial Instruments.

LINKS TO OTHER SITES

Links to non- VGC Websites are provided solely as pointers to information on topics that may be useful to users of the VGC Websites, and VGC has no control over the content on such non- VGC Websites. If you choose to link to a Website not controlled by VGC, VGC makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor does VGC warrant that such site or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. VGC does not guarantee the authenticity of documents on the Internet. Links to non- VGC sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites, or any representation regarding the content at such sites.

SECURITY

If you communicate with VGC by e-mail, you should note that the security of Internet e-mail is uncertain. By sending sensitive or confidential e-mail messages which are not encrypted you accept the risks of such uncertainty and possible lack of confidentiality over the Internet. The Internet is not 100% safe and someone may be able to intercept and read your details.

LOANS

What is a crypto loan?
A crypto loan is a way for traders to receive liquid funds without selling their cryptocurrency. Instead, they use their crypto as collateral for a cash or stablecoin loan. Individuals may choose to take out a crypto loan instead of selling because they expect their crypto asset’s value to increase or because they want to hold the asset long enough to avoid short-term capital gains tax.

What are the risks involved in crypto loans?

Unlike assets held in traditional financial institutions, crypto accounts are not covered by the FDIC. Consequently, there is no federal insurance on any crypto asset in the event an exchange fails. With this in mind, there are three primary types of risk inherent in crypto loans.

Technical risk

As in all cryptocurrency trading, there is a risk that protocols break down because of a technical problem. This risk is somewhat higher in non-custodial loans, since all DeFi activity is completely algorithmically governed.

Counterparty risk

The FDIC requires all traditional banks to maintain a certain level of liquidity; crypto loan providers are not subject to this requirement. If the market crashes, an unexpectedly large number of clients default on their loans, or if a platform breaks or is exploited, the platform may find itself without the liquidity to return a borrower’s collateral.

Margin calls and forced liquidations

To prevent illiquidity during market downturns, VGC will issue margin calls or force liquidations. If a cryptocurrency’s value drops to a point where many borrowers’ LTVs (Loan To Value) are too high for the platform to maintain, the platform will inform borrowers that they must increase the value of their collateral or risk liquidation. If the call is not met, VGC may liquidize enough of the collateral to bring an account’s LTV back to the maximum allowed ratio. In this case, a trader will have forfeited that portion of their deposit, will have incurred capital gains or losses, and may be charged transaction and broker fees.

Crypto loan fees

VGC charges borrowers interest fees on their loans. 10% interest monthly. If you use your loan for investment or business purposes, you may be able to write off these interest fees on your taxes. Failure to pay back the loan If you don’t pay back your crypto loan as of when due, VGC has the right to liquidate all or part of your asset to recoup its losses.

Forced liquidation

As mentioned above, if collateral is liquidized because of an unmet margin call, the borrower will be subject to capital gains tax on any increase in the collateral’s value between the time of its purchase and the time the lender sold the asset.

PRIVACY

Any personal information you provide us will be treated as confidential and shared only within the Company, its affiliates and its business partners and will not be disclosed to any third party except under any regulatory or legal proceedings. Website tracking systems may also collect data detailing the pages you have accessed, how you discovered this site, the frequency of visits and so on. The information we obtain is used to improve the content of our website and may be used by us to contact you, by any appropriate means, and to provide you with any information we believe may be useful to you.