Last updated: September, 2018
The www.string.fund Site ("Site") is operated and controlled by Digital Galaxy Pty Ltd ACN 625 459 814 ("String Funding", "us", "we", or "our"). We provide the Services to users of the Site (“Users”, “you”, “your” or “Project Promoter”), subject to these terms and conditions (“Terms”).
These Terms govern your use of the Site, including any services that you access through the Site, and the use of your String Funding user account (“Account”).
Nothing on the Site should be considered an offer or solicitation to buy or sell any service or product to any person in any jurisdiction where such offer or solicitation would be unlawful.
You may not authorise any other person to access or use the Website, your Account or the Services on your behalf.
This Site is an online crowdfunding service platform which allows users with a String Funding Account (“Account Holders”) to contribute to third parties (“Project Promoters”) that are seeking contributions to fund projects backed with deliverable goods or services (“Projects”).
The Site will connect Project Promoters and Account Holders, and enable Account Holders to:
To access the Services and be eligible for an Account, you must:
You can open an Account by signing up through the Site and providing the requested credentials.
When you create an Account with us, you must provide us with information that is accurate, complete, and current, and must update your information if the information you provided changes. Failure to do so is a breach of these Terms, and may result in immediate suspension or termination of your Account.
You may not use as a username the name of another person or entity or that is not lawfully available for use, a name or trade mark that is subject to any rights of another person or entity other than you without appropriate authorization, or a name that is otherwise offensive, vulgar or obscene.
After successful sign-up, String Funding will create an Account for you, which will enable you to deposit AUD and Ethereum, place buy orders for Project Tokens (“Buy Orders”) and purchase goods from Project Promoters.
You are responsible for maintaining the confidentiality and security of your Account, including your password. You agree not to disclose your password to any third party
You agree that you are responsible for activities that relate to your Account or your password, including any Buy Orders or other communications which are initiated via your Account.
If you believe the security of your Account has been breached, including by unauthorised access or any other breach of security, you must notify us as soon as possible upon becoming aware of, or forming the suspicion of, the breach of security or unauthorised use of your Account.
We are under an obligation to complete customer due diligence obligations before providing our Services to you, regardless of whether it involves a one-off transaction or an ongoing business relationship.
To access the Services, you may need to deposit AUD and/or Ethereum into your Account.
You may deposit AUD into your Account using POLi Payments and other authorised payment methods, as advised on the Site from time to time. Deposits made via POLi Payments are subject to the POLi Payments terms and conditions, including any fees charged.
Once the deposited AUD is received by String Funding, the deposited amount, less any fees, will be shown in your Account. All AUD that is credited to your Account will be held on trust for you in a bank account that is under String Funding’s name, or under the name of a custodian appointed by String Funding.
In relation to the operation and maintenance of an account which holds User funds, String Funding must:
The withdrawal of AUD and/or Ethereum from your account may attract an administrative fee, which fee will be disclosed on the Site. Your ability to deposit into and withdraw from your Account may be regulated by applicable law.
If you wish to purchase any Project Tokens or products made available through the Site, you may be asked to supply certain information to facilitate your purchase including, without limitation, your credit card number, the expiration date of your credit card, your billing address, and your shipping information.
You represent and warrant that:
By providing us with such information, you grant us the right to provide the information to third parties for purposes of facilitating the completion of Purchases.
We reserve the right to refuse or cancel your order at any time for certain reasons including but not limited to: product or service availability, errors in the description or price of the product or service, error in your order or other reasons.
We reserve the right to refuse or cancel your order if fraud or an unauthorised or illegal transaction is suspected.
We do not charge a fee for opening or holding an Account.
We may charge fees in respect of any Service. Fees charged for each Service, as varied from time to time, will be displayed on the Site at: https://support.string.fund/hc/en-us/articles/360007771291-Fees-and-Limits.
You will not, and you will not permit any other person to:
Your use of the Site is at your sole risk.
You acknowledge and agree that the Site and Services are provided without warranties of any kind and that there are a number of risks involved in the Services and your use of the Site, including but not limited to:
String Funding takes reasonable steps to deliver the Services effectively and maintain the Site, the security of your Personal Information and your Account. However, we do not warrant, guarantee or represent that:
In addition, we warn you that we may discontinue the Site or Services at any time in our absolute discretion, and that our Site may be inaccessible at times due to:
You represent and warrant that:
All intellectual property rights vested in the Site and its original content (which excludes content provided by users), features and functionality are owned by, or licensed to, String Funding.
String Funding’s property, or that of our licensors, is protected by copyright, trademark and other laws of Australia and may not be used in connection with any product or service without the express prior written consent of String Funding.
Nothing in these Terms constitutes a transfer of any Intellectual Property rights from us to you.
You must not modify the physical or digital copies of any Site content you print or downloaded in any way, and you must not use any illustrations, photographs, video or audio, or any graphics separately from any accompanying text.
You acknowledge and agree that String Funding is not liable for any information provided by Project Promoters or other third parties on the Site, and that we do not explicitly or implicitly endorse or approve any third party, including Project Promoters.
Although String Funding takes reasonable steps to ensure information provided by third parties is not misleading, String Funding does not verify or validate such information and takes no responsibility for its content or any consequence of any person placing reliance on third party information.
Any opinions, advice, statements, services, offers, or other information or content expressed or made available by any other Users or Project Promoters are those of the respective authors or distributors and not of us.
In addition, our Service may contain links to third-party Sites or services that are not owned or controlled by us. We do this for convenience, and the inclusion of a link does not imply our endorsement of that Site. We have no control over, and assume no responsibility for, the contents, privacy policies, or practices of any third party Sites or services. You acknowledge and agree that String Funding is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such contents, products or services available on or through any such Sites or services.
Our Site allows Project Promoters to post, link, store, share and otherwise make available certain information, text, graphics, videos, or other material ("Project Content"). Project Promoters are responsible for the Project Content they post to the Site, including its legality, reliability, and appropriateness.
By posting Project Content to the Site, the Project Promoter grants us the right and license to use, modify, publicly perform, publicly display, reproduce, and distribute such Project Content on and through the Site. The Project Promoter retains any and all of their rights to any Project Content they submit, post or display on or through the Site and are responsible for protecting those rights. The Project Promoter agrees that this licence includes the right for String Funding to make any such Project Content available to other users of the Site, who may also use the Project Content subject to these Terms.
String Funding may vary these Terms by providing notice at any time.
You will be taken to have accepted any changes by continuing to use the Site and Services after notice is provided.
We may terminate or suspend your Account immediately, without prior notice or liability, for any reason whatsoever, including if you breach these Terms. You will be notified if your account has been terminated or suspended, which notification may occur after the termination or suspension has been affected.
If you wish to terminate your Account, you must provide written notice of your desired termination to String Funding (“Termination Notice”). It is your responsibility to withdraw any AUD or Ethereum you may have deposited, which is recorded in your Account. The termination will take effect 30 days after receipt of the Termination Notice.
Upon termination, your right to access your Account and the Services will immediately cease.
All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation to, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
As a condition of your access to and use of the Site and Services, you agree to indemnify us and our successors and assigns for all damages, costs, expenses and other liabilities, including but not limited to legal fees and expenses, relating to any claim arising out of or related to your access to and use of the Site, the Services or your breach of these Terms.
The following exclusions and limitations of liability are subject to any liability the Company has to the User under statutory implied terms or other statutory rights which cannot legally be excluded.
To the full extent permitted by law, you agree that String Funding will not be liable under any circumstances (including but not limited to any act or omission on our part) for any damages arising out of an action under contract, negligence or for any loss or consequential loss including any profits, data, Ethereum, Project Tokens, reputation, opportunity, goodwill or any business interruption or other pecuniary loss or any incidental damages, punitive damages or exemplary damages whatsoever that result from your use of the Site or Services.
All statutory or implied terms are excluded to the extent permitted by law. Participants may have rights against us under statutory guarantees and/or statutory implied terms which cannot legally be excluded. To the extent permitted by law, our liability to the Participant under any statutory guarantees and/or implied terms which cannot legally be excluded is limited to supplying relevant goods or services again, or paying the cost of having the relevant services supplied again.
These Terms and your use of the Site and Services will be governed and construed in accordance with the laws of Victoria, Australia. All Users submit to the exclusive jurisdiction of the courts of Victoria.
Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights.
If you have any questions about these Terms, or complaints or suggestions in relation to the Service, please contact us: