Terms and Conditions

Terms and Conditions of Use - Susumi Platform

1. Introduction

Welcome to the Susumi Platform. These terms and conditions govern your use of the Susumi Decentralized Crowdfunding Platform and any related services, applications, and tokens (collectively referred to as “the Platform”). By accessing or using the Platform, you agree to be bound by these terms. If you do not agree with these terms, please do not use the Platform.

2. Overview of the Susumi Platform

Susumi is a decentralized crowdfunding platform that leverages blockchain technology to facilitate transparent, secure, and efficient fundraising for individuals, communities, and businesses. By using the Susumi Platform, you can create and participate in “Susu Funds,” a decentralized form of
mutual aid finance designed to build wealth within communities.

3. User Eligibility

You must be at least 18 years old to use the Susumi Platform.
Users are required to create an account and connect a compatible Web3 wallet to participate in the Platform.
Each user is permitted to create only one active Susu Fund at a time.

4. Creating and Participating in Susu Funds

A Susu Fund is a decentralized crowdfunding campaign where users can contribute stablecoins (e.g., USDT) to raise funds for specific goals or needs.
To create a Susu Fund, the user (the “Fund Creator”) must make an initial deposit in $SUSU+ tokens equivalent to the Fund’s Slot Value.
Users participating in a Susu Fund (the “Donors” or “Subscribers”) will donate stablecoins equivalent to the fixed amount of the Slot Value of the Susu Fund and receive $SUSU+ tokens as a reward for their contributions.

6. Vesting Period and Rewards

Rewards in $SUSU+ tokens will be locked in the user’s wallet for a specified vesting period of 100days during which the tokens cannot be transferred or traded.
During the Vesting Period the tokens belong to the User and cannot be revoked or retracted or in anyway prevented from fully vesting.
After the vesting period, the tokens will be available for withdrawal or further use within the platform.

7. Fees and Charges

A platform fee, calculated in stablecoins, will be deducted from each matured Susu Fund. This fee is used to maintain the operations of the Susumi Platform.
The amount of the Platform fees to be deducted is displayed to the User prior to creating a Susu Fund and the User accepts that a Platform Fee in the amount stated shall be deducted before proceeding to create a Fund.
Gas fees and transaction costs related to blockchain transactions which are charged directly to the User are the responsibility of the user and are non-refundable.

8. Fund Expiration and Withdrawal

If a Susu Fund does not reach full subscription within its 30-day tenor, it will expire, and all transactions will be reversed.
Users may withdraw their contributions if a Susu Fund expires without meeting its goal.
A Fund Creator may withdraw his initial deposit tokens if a Susu Fund expires without meeting its goal.
An expired Fund may be restarted by the Fund creator after a 24-hour cooling period.
Any donor who wishes to withdraw their contributions from an expired Fund may do this freely within the 24-hour cooling period. If a Fund is restarted then the tokens in that Fund can not be withdrawn until the fund either matures or expires again.

9. User Conduct

Users are expected to:

As a User you shall comply with all applicable local, national, and international laws when using the Platform.
You shall respect the decentralized nature of the platform by engaging in transparent, ethical practices.
User must be at least 18 years old, or such higher age required by applicable law, to register for a Susumi Service account.
As a User you will provide Susumi and its affiliates with accurate, current, and complete information about yourself as prompted by the registration process or as Susumi may, from time to time request, and keep such information updated.
Users authorize Susumi to make such inquiries that it considers necessary to validate your identity and you agree that Susumi may do so using third party service providers who may store such data for future reference.

10. Risk Disclosure

Market Risk: Cryptocurrency prices are volatile. The value of $SUSU+ and other tokens may fluctuate significantly, and users should be aware of the risks associated with market volatility.
Blockchain Risk: The Platform relies on blockchain technology, which is subject to security risks, including hacking, bugs in smart contracts, and network downtime.
Regulatory Risk: The legal and regulatory landscape for blockchain and cryptocurrency is rapidly evolving. Users are responsible for understanding and complying with the laws and regulations in their respective jurisdictions.

11. Limitation of Liability

Susumi Capital Index Ltd, Susumi Capital Corp. and their affiliates are not liable for any losses or damages arising from the use of the platform, including but not limited to:

Losses from token price fluctuations.
Losses due to smart contract failures or security breaches.
Any indirect, incidental, or consequential damages.

12. Suspension and Termination

Susumi reserves the right to suspend or terminate access to the platform at its discretion, particularly in cases of suspected fraud, illegal activities, or violations of these terms.

13. Amendments

Susumi may revise these Terms and Conditions at any time. Users will be notified of significant changes, and continued use of the Platform after such updates will constitute acceptance of the revised terms.

14. Contact Information

For any questions or concerns regarding these terms, please contact us at
support@susumicapital.com.