Risk & Security
Please be aware that the use of GOLDSTATION has the following risk factors.
GOLDSTATION is a blockchain decentralized protocol without a central entity. Users participate in transactions through liquidity pools on the blockchain created by other users at their own responsibility and judgment. This may lead to users being unable to receive recovery support from someone or GOLDSTATION for the results of an user's mistake, so it is always recommended to test with a small amount first to manage the risk caused by mistakes(mistransfers, etc.).
All assets identified on the GOLDSTATION website are tokens on the Klaytn chain and their safety is not guaranteed by the GOLDSTATION team.
All Figures displayed on the website are estimated information provided to help users make decisions, and do not guarantee the timeliness, suitability or accuracy of the data.
A normal GOLDSTATION website never asks for the user's personal wallet private key, mnemonic key, and seed phrase to be entered.
For other risk factors, precautions, and conditions of use, please check below.
1. Abstract
GOLDSTATION is a decentralized application (DApp) based on Klaytn Chain which is developed by a third party. GOLDSTATION is designed to provide users with an easy-to-use interface such as GOLDSTATION website(https://goldstation.io)(Hereinafter GOLDSTATION and GOLDSTATION website are collectively referred to as the “GOLDSTATION”) to the decentralized protocol that integrates directly with Klaytn blockchain wallet of a user.
NOTICE: This guideline contains the terms and conditions by which you may access and use the GOLDSTATION. Please read this guideline carefully. By accessing or using the GOLDSTATION after you check this guideline, you signify that you have read, understand, and agree to be bound by the terms and conditions in its entirety.
2. Revision terms of this document
The contents of this document can be revised at any time for the purposes reasons such as change, addition, deletion, supplementation, user protection, and error correction of GOLDSTATION. If the content of this document is revised, the revision will take effect from the time the changed contents is posted. However, if the content to be changed is unfavorable to the user or is a significant change, it will be posted 30 days before the effective date. If the user checks the revised document after the effective date and continues to use GOLDSTATION, it is deemed that such user has read, understood and agreed to the revision.
3. Eligibility
• To use GOLDSTATION, an user must be at least the age of majority in civil terms in his/her country (ex: 21 years of age in Singapore). Also, a user must be able to make a statement that you have full rights and authority to enter into and comply with civil agreements on behalf of yourself or any legal entity that you represent.
• An user must be able to make a statement that a user is (i) not subject to any economic or trade sanctions by any governmental authority (including, but not limited to, the Office of Foreign Assets Control of the U.S. Department of the Treasury, etc.); (ii) is not citizens or residents of any jurisdiction subject to comprehensive economic sanctions by the United state, and will not use GOLDSTATION for the purpose of illegal activity conduction, promotion, or designing.
4. Precautions when using GOLDSTATION
4.1. General Precautions
For reliable network/service while using GOLDSTATION, please read the following guideline carefully.
• It is recommended that you access the service with only one instance/tab.
• The service may be limited if you use multiple instances/tabs for prolonged period of time, using a public/shared IP access point and/or there is an excessive amount of connection requests.
• If you are having difficulty with connectivity for whatever reason, please close all instances/tabs and access the service after at least 1 hour before re-connecting.
4.2. Precautions regarding Asset deposit/withdrawal
4.2.1. Asset deposit/withdrawal
Users should be aware of the following in depositing and withdrawing assets.
• To request a transaction, the user must have a Klaytn wallet to hold Klaytn-based assets, along with a minimum amount of Klaytn (KLAY) to use for transaction fees.
• As such, an asset that is not a Klaytn-compatible Token (KCT) and based on other blockchains, including but not limited to Ethereum, Ripple, BSC, must be converted into a Klaytn-compatible format (k-asset) through bridging protocol(e.g., Oribit Bridge) prior to being deposited into GOLDSTATION.
4.2.2. Asset mistransfer
Users must accurately check the asset type and address when depositing and withdrawing assets from or to GOLDSTATION. If a user deposits a type of asset that is not supported by Klaytn Chain, or if the required deposit address is not entered or entered incorrectly, such deposit may not be properly processed and assets may be irreversibly lost.
Please refer to the link below for more information regarding mistransfer of assets.
• GOLDSTATION is a decentralized application in which the private key of user assets is not managed by a central entity. GOLDSTATION has such structure in which asset recovery or/and technical support from a central entity are impossible for the consequences from users' mistake or negligence including but not limited to wrong deposits described above. This structure is designed so that if a user deposits an asset incorrectly, no one, including GOLDSTATION, can access the asset. Due to the decentralized nature like this, capabilities and responsibilities of GOLDSTATION team for the incorrect deposit or mistransfer may not be similar to the support of many centralized exchanges(e.g., BINANCE, OKX, etc.) for technical and structural reasons.
• To prevent losing assets, we recommend that users test with a small amount of assets prior to sending a larger amount.
4.3. Provision of Staking Node
4.3.1. CREDER-ITCEN GC Node Staking
Users can earn revenue by staking KLAY assets on GOLDSTATION. KLAY staking on GOLDSTATION is staked on the Klaytn Governance Council CREDER-ITCEN Node, which distributes interest income to staking participants, excluding a set fee.
Please note that the withdrawal of assets staked on the CREDER-ITCEN GC Node will be processed 7 days after the withdrawal request is made.
5. Prohibited Acts
Users must comply with this guide's precautions and not engage in the following actions.
• Activities that harm or disrupt the sound trading order of GOLDSTATION
• Activities that disrupt or negatively affect the operation of GOLDSTATION (including but not limited to GOLDSTATION interfaces, GOLDSTATION protocols, etc.) through automated or other fraudulent methods such as Agents, scripts, spiders, spyware, toolbars, etc.
• Activities that defame the GOLDSTATION team or interfere with their work
• Providing inaccurate, incorrect, or misleading information while using GOLDSTATION
• Activities of taking the assets of GOLDSTATION users or engaging in taking the authority of the user's wallet without justifiable cause
• Activities that use proceeds directly or indirectly related to all forms of criminal activity (e.g., terrorism activity, tax evasion, etc.) when using GOLDSTATION
• Impersonating someone other than yourself during the communication with GOLDSTATION support team
• Other illegal acts in violation of any applicable laws and regulations
6. NO WARRANTIES AND LIMITATION OF LIABILITY
• GOLDSTATION is a web-app interface that allows users to use their Klaytn blockchain wallet to communicate with a decentralized protocol to deposit/withdraw assets and stake in GC node of Klaytn network. This means GOLDSTATION wields no control over individual wallet and stability of staking node. It is the user’s responsibility to carefully consider the benefits and risks related, by taking into consideration token price at the moment of making transactions, and all the necessary informations to evaluate such risks.
• Expected return rate, token price and all other information provided by GOLDSTATION interface serve to help users make informed decisions for deposit,withdrawal,staking and should not be used to make financial decisions. GOLDSTATION makes reasonable effort to provide accurate information, but does not guarantee the timeliness or accuracy of the information.
• GOLDSTATION is not responsible for user loss of assets, and for generating profit that is less than projected profit, resulting from the use of GOLDSTATION.
• GOLDSTATION does not guarantee the continuity of GOLDSTATION service, and of the functions within. Any service or functions provided within GOLDSTATION can be added or deleted permanently, and GOLDSTATION itself may be stopped or changed. (In the case of a permanent stoppage of GOLDSTATION service, users that may be affected will be given a reasonable period (30days or more) and notifications/guide.)
• GOLDSTATION does not guarantee the reliability of Klaytn blockchain platform used by GOLDSTATION Protocol, as well as any other third party services.
• Developers, operators and governance participants of GOLDSTATION do not endorse, guarantee, or assume responsibility in any way for any and all part of GOLDSTATION to the fullest extent permitted by law.
• Due to the complexity of software code and the nature of technology, the perfect integrity of the code cannot be guaranteed. Smart Contract codes used in GOLDSTATION may be susceptible to vulnerabilities which cannot be prevented by due diligence in the industry, and risks of asset loss exist(e.g., hackings or flash loan exploits utilizing those vulnerabilities).
• There is a continuous effort to maintain the block sync between GOLDSTATION and Klaytn network; however, GOLDSTATION interface may be stopped without prior notice due to problems in the network resulting from transaction congestion, computer system errors and software attacks and other factors, such as natural events. GOLDSTATION is not guaranteed to work at all times.
• In aforementioned situations and more, there may be errors in the values/information displayed on the interface, as well as stoppage of service connection. User requests for swap, deposit, withdrawal and other transactions may be delayed or fail.
• GOLDSTATION, OUR DEVELOPERS, EMPLOYEES, OFFICERS, OPERATORS, AFFILIATES, AND GOVERNANCE PARTICIPANTS(HEREINAFTER, REFERRED TO AS THE “WE” OR “US” IN THIS AND NEXT SUBSECTIONS), MAKE NO WARRANTIES, EXPRESS OR IMPLIED, GUARANTEES OR CONDITIONS WITH RESPECT TO YOUR USE OF GOLDSTATION. YOU UNDERSTAND THAT USE OF GOLDSTATION IS AT YOUR OWN RISK AND THAT WE PROVIDE GOLDSTATION ON AN "AS IS" BASIS AND "AS AVAILABLE." YOU BEAR THE ENTIRE RISK OF USING GOLDSTATION. YOU ACKNOWLEDGE THAT COMPUTER, SOFTWARE, TELECOMMUNICATIONS SYSTEMS, AND BLOCKCHAIN SYSTEM ARE NOT FAULT-FREE.
• YOU UNDERSTAND AND AGREE THAT WE SHALL NOT BE LIABLE TO YOU FOR: ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL CONSEQUENTIAL OR EXEMPLARY DAMAGES WHICH MAY BE INCURRED BY YOU, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY. THIS SHALL INCLUDE, BUT NOT BE LIMITED TO, ANY LOSS OF PROFIT (WHETHER INCURRED DIRECTLY OR INDIRECTLY), ANY LOSS OF GOODWILL OR BUSINESS REPUTATION, ANY LOSS OF DATA SUFFERED, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR OTHER INTANGIBLE LOSS. UNDER NO CIRCUMSTANCES SHALL WE BE LIABLE TO YOU FOR ANY CLAIMS, PROCEEDINGS, LIABILITIES, OBLIGATIONS, DAMAGES, LOSSES, OR COSTS IN THE AMOUNT EXCEEDING THE ABOUNT YOU PAID US IN EXCHANGE FOR ACCESS TO AND USE GOLDSTATION, OR USD$100.00, WHICHEVER IS GREATER. THIS LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW.
7. Protection of rights and cooperation with law enforcement agencies
In the following cases, the measures to user's access information (e.g., wallet address, access information, etc.) to the GOLDSTATION website may be taken as reasonably necessary, such as being provided to a regulatory authority or judicial authority.
• When there are reasonable grounds to believe that the relevant asset is involved in hacking, money laundering, or other criminal activity
• When requested by a regulatory or judicial authority based on the applicable laws and regulations
8. Dispute
Any dispute arising out of or in connection with these terms including any question regarding its existence, validity or termination and any dispute arising out of or in connection with users’ access or use of GOLDSTATION, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (“SIAC”) in accordance with the Arbitration Rules of the Singapore International Arbitration Centre ("SIAC Rules") for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be Seoul or Singapore. The Tribunal shall consist of one arbitrator. The language of the arbitration shall be English.
9. Safety and Security
GOLDSTATION team has received professional security audits on GOLDSTATION from credible professionals in the industry, and is in its continuous effort to improve security and to minimize vulnerabilities.
10. User Notice
Besides commercially reasonable means of communication (e.g., social media links posted on the GOLDSTATION website), GOLDSTATION can send out notices or inform its users through other commercially reasonable methods. Notices provided by GOLDSTATION using public communication means are effective immediately
This revision regarding the service will be effective from November 13th, 2023.
Service Agreement Change History
November 13th, 2023 : Initially declared
Last updated