Ethical Cryptocurrency Licensing Online Platform

WCCS PLATFORM DISCIPLINARY RULES

This text (shall be briefly referred to as “Disciplinary Rules”) is an integral part of  “License Agreement”,  “USE, MEMBERSHIP AND CONFIDENTIALITY AGREEMENT”,  the forms within the Site , the contents in the Site explained by the Licensor (both the texts in question and all the provisions of the Disciplinary Rules shall be referred to as the “Terms”), and all the Licensees and Members directly acknowledge and undertake all these Disciplinary Rules by being a member and/or accepting the license agreement.

Definitions and abbreviations in this text are as described in the License Agreement.

Provisions 

1. In case of the presence of one of the terms described in the License Agreement, the Licensor may suspend or terminate the License Agreement which it has granted to the Licensee. In such a case, the Licensor shall explain this situation through the Site and also notify it through e-mail to the e-mail address of the Licensee described in the license agreement.

2. The Licensee has the right to appeal to the independent disciplinary committee of the site within 7 days from the date of sending the mail about the decision taken by the Licensor pursuant to Article 1.

3. The Licensor and the Licensee acknowledge and undertake to comply with the decision of the independent disciplinary committee.

4.1. The Licensee should send its petition of objection and evidence, if any, within 7 days to appeal@wccstandards.com mail address of the site and pay 3 BTC objection fee within the same period to the wallet to be notified by the site. If such an application is made and at the same time the objection fee is paid within the deadline, an independent disciplinary committee of 3 persons shall be established by the Licensor within 3 days at the latest in accordance with the provisions of article 4.2.

4.2. The Licensor identifies the independent disciplinary committee of 3 persons and notifies the Licensee. 30% of the price paid by the Licensor to the independent members who initially agree to participate in the Committee pursuant to Article 4.1 shall be paid equally to the members of the independent disciplinary committee. Once the committee completes its task, the remaining 70% is paid equally to the members of the independent disciplinary committee. In case the presence of an independent disciplinary committee member that does not want to participate in the committee or subsequently resigns, the new member shall be appointed by the Licensor instead of the member who leaves or resigns. The Secretariat services of the Disciplinary Committee shall be carried out by the Site or the person/persons appointed by the Site.

4.3. The members of the determined independent disciplinary committee shall notify both parties about its decision in meetings it would hold with or without hearing within 15 days at the latest so as to evaluate the objection made by the Licensee. The hearings shall not be carried out physically, but by phone or phone and video. It shall be determined according to the decision of the Disciplinary Committee whether or not to file a hearing. The independent disciplinary committee shall hold a maximum of 3 hearings when necessary, and there shall be maximum 5 days between each hearing. The independent disciplinary committee shall notify the Licensor and the Licensee of its decision by e-mail. Independent disciplinary committee;
4.3.1. May revoke the decision of the Licensor to suspend or cancel the license by accepting the objection of the Licensee,
4.3.2. May confirm the decision of the Licensor to suspend or cancel the license by refusing the objection of the Licensee,
4.3.3. Or the disciplinary board requests from the Licensee the necessary corrections and/or remedies to be made within 10 working days at the latest according to the existence of the necessary terms and the nature of the event together with the documents, and in this case, it may decide the BTC payment fine to be paid by the Licensee to the wallet to be notified by the Site, provided that it shall be between 3 to 10 BTC. In this case, after the Licensee has made the necessary corrections and remedies, paid the BTC fine, and submitted them to the disciplinary board together with their documents, the disciplinary board re-examines whether the necessary corrections and remedies have been made, and if it determines that it is appropriate, then the Licensor cancels its decision to suspend the license, otherwise the objection to the decision to suspend or cancel the license shall be rejected.

4.3.4. In case of emergency and if it is approximately understood that the Licensee is right, the disciplinary committee, if it wishes, may give an injunction before the final decision. The Site and the Licensee acknowledge and undertake to comply with the injunction.

4.4. The independent disciplinary committee shall have the right to extend the periods and the number of hearings described in Article 4.3 when necessary.

4.5. The Site shall keep BTC fines described in article 4.3.3 in a separate wallet and use 50% of them for those who voluntarily serve for the Site as Prodata (according to the scoring system to be calculated by the Site in accordance with the time they spent) and 50% for its 7th purpose (protection coins for small investors among licensees who suffer from loss) described by the Site in its website.

5. The parties shall not have the right to file a suit or appeal in any court against the decision of the independent disciplinary committee, and the decision of the independent disciplinary committee shall be final and cannot be appealed before any judicial authority.

6. In case of suspension or cancellation of the license of the Licensee, the independent disciplinary committee acknowledges and undertakes that it shall not claim any compensation, remuneration, lost profit, etc. from the Licensor, even if it has decided otherwise. The Licensee accepts and undertakes this provision in advance.

7. In case the decision of the suspension or cancellation of the license is canceled by the independent disciplinary committee, the suspended or canceled license shall continue and the time equal to the suspension period shall be added to the license period.

8. The Licensor has the right to announce the decisions it took concerning the Licensee and the decisions of the independent disciplinary committee on the Site, and Licensee acknowledges and undertakes that it shall not claim any compensation from the Licensor for any reason.

9. The Licensee accepts and undertakes that it does not have the right to claim any lost profit, compensation or indemnity from the Licensor for any reason and that it shall not claim any right or remuneration from the Licensor for any reason. If for any reason, the Licensor is to pay a remuneration for any reason whatsoever despite this commitment, this amount may not exceed the license fee paid by the Licensee to the Licensor. The Licensee has accepted and undertook this provision in advance, and in addition, it has also accepted and undertook that it shall not claim any other right or remuneration.

10. By accepting the License Agreement, the Licensee also declares that it accepts these Disciplinary Rules. The Disciplinary Rules constitute a legally binding agreement between you (the licensee) and the Site concerning the use of all services, applications, transactions, and licenses (“Service”) given and to be given by the Site. It is important that you allow time to read them. To use the Service rendered by the Site, you must first accept the Disciplinary Rules and the License Agreement. If you do not accept the License Agreement and Disciplinary Rules, you should not use the Service or the License, and you should not apply for the license. It is sufficient to apply for the License to accept the Disciplinary Rules. If (a) you are not old enough to make a legally binding agreement, or (b) you are legally prohibited or otherwise you are restricted by law, in accordance with the laws of your country of residence or where you use the Service or access to the Service, you may not use the Service and accept the Terms. You must take a printout of the Terms or keep a copy of the Terms to have them in your records.

11. The Licensee acknowledges and undertakes that it accepts and shall not object to the provisions of the disciplinary rules and also the Terms published on the Site by the Licensor. The Licensee has accepted and undertook in advance that the Licensor has the right to update and change the disciplinary rules as well as the provisions of the Terms on a continuous and regular basis. The Site reserves the right to change the Terms from time to time due to the developments in the CC world or to the changes made to the functions of the investor or CC owners in important matters or to include changes to the functions provided within the scope of the Service. You should regularly check the Terms to control whether there are any changes. The revised version of the Terms shall be published under the (“Amended Terms”) heading or shall be accessible under the Service (for amended additional terms). If you do not accept the Amended Terms, you must stop using the Service. If you continue to use the Service after the publication date of the Amended Terms, it shall mean that you accepted the Amended Terms.

12. The Licensee has acknowledged and undertook that it had the remedy to appeal the license suspension and cancellation decisions of the Licensor as described in the disciplinary rules, however it cannot appeal to the decisions of the disciplinary board, that the appealed decisions settled by the disciplinary board are final, and that it shall act in accordance with the provisions of the disciplinary rules described on the Site in all legal disputes with the Site.

13. The Licensee has acknowledged and undertook that all notifications shall be served to the e-mail address it filled in the license application, and all notices served by the Site or Disciplinary Board to the e-mail address shall bear all consequences of a valid notification.

Date: October 31, 2018   Language: English