TERMS AND CONDITIONS
Welcome to MindSynch!
MindSynch is owned and operated by MindSynch Ltd.
These are the terms and conditions for:
The following terms and conditions apply to the platform and services offered by MindSynch. This includes the mobile and tablet versions as well as any other version of MindSynch accessible via desktop, mobile, tablet, social media or other devices.
PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE ACCESSING, USING OR OBTAINING ANY MATERIALS, INFORMATION OR SERVICES.
You may use the platform only in compliance with these terms and all applicable local, state, national, and international laws, rules, and regulations.
The use of the platform by persons under 18 years of age is prohibited. It is the responsibility of parents and legal guardians to determine whether the use of the platform or any of the content available on the platform is appropriate for their child or responsible minor. MindSynch reserves the right to make the necessary checks during the registration process.
You represent and warrant that all registration information you submit is accurate and truthful; and that your use of the platform does not violate any applicable law or regulation. MindSynch may, in its sole discretion, refuse to offer the platform and services to any user and change its eligibility criteria at any time. This provision is void where prohibited by law and the right to access the service and the platform is revoked in such jurisdictions.
By using the platform, you represent and warrant that you have the full right, power and authority to enter into these terms and to fully perform all of your obligations hereunder. You further represent and warrant that you are under no legal disability or contractual restriction that prevents you from entering into these terms.
If you register on MindSynch, you will be required to choose a password and you may be asked for additional information regarding your account. You are responsible for maintaining the confidentiality of your password and account information, and are fully responsible for all activities that occur under your password or account. You agree to (a) immediately notify MindSynch of any unauthorized use of your password or account or any other breach of security, and (b) ensure that you log out from your account at the end of each session. You may never use another user’s account without prior authorization from MindSynch. MindSynch will not be liable for any loss or damage arising from your failure to comply with this agreement.
By providing MindSynch with your email address and phone number you consent to our use of your email address to send you notices about the platform, including those required by law. We may also use your email address and phone number to send you notifications and other messages, such as changes to service features, news, and special content. If you do not wish to receive these emails, you may opt-out of receiving them by sending us your withdrawal request via the contact information or by using the “unsubscribe” option in the emails or mobile notifications. Opting out may prevent you from receiving emails about updates, news or special content.
Users may cancel their accounts at any time and for any reason by following the instructions on the application or by sending us their request through our contact information. That termination will only result in the deletion of the account and the deletion of all the personal data granted to MindSynch.
MindSynch reserves the right to terminate your account or your access immediately, with or without notice to you, and without liability to you, if MindSynch believes that you have breached any of these terms, furnished MindSynch with false or misleading information, or interfered with use of the platform or the service by others.
3. HOW IT WORKS
1. Register at Binance: Register and open an account at Binance and create the API key. The user will be able to trade cryptocurrencies through the Binance account.
2. Login to MindSynch OneBit: Set up the API key in OneBit.
3. OneBit trading bot allocates your assets and starts trading automatically in Binance.
4. OneBit is free. MindSynch uses an Accumulated Profit Compensation (APC) system and charges you a commission of 30% based on the monthly profit earned from trades made by OneBit API only.
5. The user can remove the API key at any time.
Once you have an account in Binance, you can deposit USDT via bank transfer or your credit card. USDT is a Tether, which is a cryptocurrency tied to a fiat currency for stability. One USDT is worth $1 USD with a regular price swing of +/- 2% (because exchanges keep reserves of USD to back USDT in existence). We choose trading pairs on USDT to evaluate your profit performance based on our trading strategies and the market movements relative to a stable reference currency.
Note: We require a minimum deposit of USDT 10,000 in your Binance account before providing you access to the OneBit API. OneBit aims to service a select clientele circle in order to provide better and more focused service.
When you have your funds ready in Binance’s spot wallet, please respond via email to us with a screenshot, and we will provide you with the login details to OneBit API. You can allocate your fund to the future wallet if you plan to invest in future. The risks associated with future trading are higher with greater potential for profit and loss. When the timing of the market is good, we will inform you when you may use our API on future trading.
OneBit will allocate your trading assets automatically based on market conditions. When it is a volatile bull market or a bear one, OneBit may cease to allocate any of your assets for trading to protect the value of your total investment. Hence, sometimes you may not see significant trading orders on Binance.
- API KEY
Please follow the steps below to create and link the API KEY to our services and system:
1. Register and open an account on Binance.
2. Buy USDT coins with your bank deposit or debit/credit card. (USDT is linked to US Dollars and stays relatively stable, hence a good starting point for trading).
3. Go to your account and click API Management.
4. Key in a name of your choice at Label API key to proceed and then click Create API.
5. Under the API List, only check “Enable Spot & Margin Trading”, and “Enable Futures” (if you open Futures under Wallet already). For the security of your account and assets, do not enable other options. Copy both the API Key and Secret Key.
Note: Never ever share you secret key. For security reasons, the API secret is only stored on your system. We strongly recommend you to keep an offline copy of your keys as these are the only means of associating you with your account.
6. Login to MindSynch OneBit system with your account email and password provided by MindSynch. You should then change your password under “Profile – User Manager”.
7. Go to Wallet, Setup API key, then Paste API key and API secret, and click Save. You can scroll down and do the same configuration for Futures if you want trade futures on OneBit. Now OneBit will synch with Binance on Wallet, Trade and Futures information.
MindSynch uses an Accumulated Profit Compensation (APC) system and charges you a commission of 30% based on the monthly profit earned from trades made by OneBit API. Using the APC method, loss from previous months not yet compensated will be deducted from current month profits, the balance of which will be used as basis for the 30% fee. In this way, you will only be charged when achieving true earnings using OneBit.
OneBit system calculates your profit on every single trade. You can have full visibility of your profit under OneBit – ProfitStatistics – By Day/ By Market (cryptos)/ By Month.
MindSynch will send you an electronic summary of your current month’s profit and commissions in USDT by the 3rd business day of the next month to the email address you provided during registration. You will have to transfer the fees in USDT directly from your Binance account to OneBit’s within 2 days. MindSynch will terminate your API key if you fail to do so. After the respective commission value is received, we will send you an electronic receipt. MindSynch has no withdrawal right from your OneBit or Binance account.
If you do not agree with the billing sent to the email address you provided during registration, pay the bill on time still and send us your request pointing out the difference or data that you consider incorrect and we will study and evaluate your case.
Your payment information will be treated and safeguarded securely and for the sole purpose of performing the billing of the respective commission. MindSynch reserves the right to engage any payment platform available on the market, which processes your data for the sole purpose of processing transactions for our services.
- OWNERSHIP AND LICENSES
The property rights of the platform and methods used in the platform belong exclusively to MindSynch Private Limited. Any physical or virtual exposure of the methods used in the application may lead to violations of MindSynch’s intellectual property rights.
MindSynch gives you a personal, worldwide, royalty-free, non-assignable and non-exclusive license to use the software (platform) provided to you by MindSynch as part of the services. This license is for the sole purpose of enabling you to use and enjoy the benefit of the services as provided by MindSynch, in the manner permitted by these terms. You may not copy, modify, distribute, sell, or lease any part of our services or included software, nor may you reverse engineer or attempt to extract the source code of that software, unless laws prohibit those restrictions or you have our written permission.
The user agrees not to use the platform and the services negligently, for fraudulent purposes or in an unlawful manner. Likewise, the user agrees not to partake in any conduct or action that could damage the image, interests or rights of the MindSynch platform or third parties.
There is no guarantee of profit or no loss using our system. User has received no such guarantees from us or from any of our representatives. User is aware of the risks and is financially able to bear such risks and withstand any losses incurred.
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since we do not control signal power, its reception or routing via Internet, configuration of user’s equipment or reliability of its connection, we shall not be liable for any claims, losses, damages, loss of profits, special or consequential damages, cost of procurement of substitute goods or services, costs or expenses, including attorneys’; fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to us, user, any market, or any settlement or clearing system when user trades online (via Internet). In addition, we are not responsible for the breach of any Internet security with respect to your account. We have no liability or duty of indemnification related to unusable data, lost or corrupt user transactions or data, by whatever means, in whatever form, resulting in part or in whole from third-party software or networking goods or services or from internet related problems, force majeure or from actions or events outside of our control.
All materials on the platform and website, including, without limitation, names, logos, trademarks, images, text, columns, graphics, videos, photographs, illustrations, artwork, software and other elements are protected by copyrights, trademarks and/or other intellectual property rights owned and controlled by MindSynch or by third parties that have licensed or otherwise provided their material to the website. You acknowledge and agree that all materials on MindSynch are made available for limited, non-commercial, personal use only. Except as specifically provided herein. No material may be copied, reproduced, republished, sold, downloaded, posted, transmitted, or distributed in any way, or otherwise used for any purpose, by any person or entity, without MindSynch prior express written permission. You may not add, delete, distort, or otherwise modify the material. Any unauthorized attempt to modify any material, to defeat or circumvent any security features, or to utilize MindSynch or any part of the material for any purpose other than its intended purposes is strictly prohibited. Please do not copy any content and pass it off as your own, as a copyright infringement will occur.
- COPYRIGHT COMPLAINTS
MindSynch respects the intellectual property of others, and expects users to do the same. If you believe, in good faith, that any materials provided on or in connection with the “MindSynch” website infringe upon your copyright or other intellectual property right, please send the following information to:
i. Identification of the intellectual property right that is allegedly infringed. All relevant registration numbers, or a statement concerning the ownership of the work, should be included.
ii. A statement specifically identifying the location of the infringing material, with enough detail that MindSynch may find it on the “MindSynch” platform. Please note: it is not sufficient to merely provide a top-level URL.
iii. Your name, address, telephone number and e-mail address.
iv. A statement by you that you have a good faith belief that the use of the allegedly infringing material is not authorized by the owner of the rights, or its agents, or by law.
v. A statement by you, made under penalty of perjury, that the information in your notice is accurate, and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
vi. An electronic or physical signature of the owner of the copyright or the person authorized to act on behalf of the owner of the copyright interest.
- MINDSYNCH RESPONSIBILITIES
MindSynch provides and maintains the platform “as is”, “as available” and does not promise that the use of the platform will be uninterrupted or totally free of errors.
We cannot offer any other warranties, conditions or other terms, express or implied, statutory or otherwise, and all such terms are hereby excluded to the fullest extent permitted by law.
You shall be responsible for any breach of these terms by you and if you use the platform in violation of these terms you shall be liable and shall reimburse MindSynch for any loss or damage caused as a result.
MindSynch assumes no liability for any complete loss of capital invested through our software due to a market crash or Binance shutdown due to mandates from external regulators.
MindSynch shall not be liable in any amount for the breach of any obligation under this agreement if such breach is caused by the occurrence of any unforeseen event beyond its reasonable control, including without limitation Internet outages, communications outages, fires, floods, wars or acts of God.
Subject to the foregoing, to the maximum extent permitted by law, MindSynch excludes liability for any loss or damage of any kind whatsoever, including without limitation any direct, indirect or consequential loss, whether or not arising from any problem you notify MindSynch and MindSynch shall have no liability to pay any money by way of compensation, including without limitation all liability in connection with:
- Any incorrect or inaccurate information on MindSynch’s platform.
- The infringement by any person of any intellectual property rights of any third party caused by the use of the platform or any product purchased through the platform.
- Any loss or damage resulting from your use or inability to use the platform or resulting from unauthorized access to or alteration of your transmissions or data in circumstances beyond our control.
- Any loss of profit, wastage, corruption or destruction of data or any other loss not directly resulting from something we have done wrong.
- All representations, warranties, conditions and other terms that would otherwise be effective are set forth in this notice.
- PROHIBITED ACTIVITIES
The content and information available on the platform (including, but not limited to, data, information, text, music, sound, photos, graphics, video, maps, icons, or other material), as well as the infrastructure used to provide such content and information, are owned by or licensed to MindSynch by third parties. For all content other than your content, you agree not to modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell or resell any information or services obtained from or through the platform. In addition, the following activities are prohibited:
i. Use the services or content for any commercial purpose, outside the scope of those commercial purposes explicitly permitted under this agreement and related guidelines as made available by MindSynch.
ii. Access, monitor, reproduce, distribute, transmit, broadcast, display, sell, license, copy or otherwise exploit any content of the services, including but not limited to, using any robot, spider, scraper or other automated means or any manual process for any purpose not in accordance with this agreement or without our express written permission.
iii. Violate the restrictions in any robot exclusion headers on the services or bypass or circumvent other measures employed to prevent or limit access to the services.
iv. Take any action that imposes, or may impose, in our discretion, an unreasonable or disproportionately large load on our infrastructure.
v. Deep-link to any portion of the services for any purpose without our express written permission.
vi. “Frame”, “mirror” or otherwise incorporate any part of the services into any other websites or service without our prior written authorization.
vii. Attempt to modify, translate, adapt, edit, decompile, disassemble, or reverse engineer any software programs used by MindSynch in connection with the services.
viii. Circumvent, disable or otherwise interfere with security-related features of the services or features that prevent or restrict use or copying of any Content.
You agree to defend and indemnify MindSynch and any of their directors, employees and agents from and against any claims, causes of action, demands, recoveries, losses, damages, fines, penalties or other costs or expenses of any kind or nature including but not limited to reasonable legal and accounting fees, brought by third parties as a result of:
- Your breach of this Agreement or the documents referenced herein.
- Your violation of any law or the rights of a third party.
- The use of the platform.
- ELECTRONIC COMMUNICATIONS
No responsibility will be accepted by MindSynch for failed, partial or garbled computer transmissions, for any computer, telephone, cable, network, electronic or internet hardware or software malfunctions, failures, connections, availability, for the acts or omissions of any service provider, internet accessibility or availability or for traffic congestion or unauthorized human act, including any errors or mistakes.
- CHANGES AND TERMINATION
We may change the platform and these Terms at any time, in our sole discretion and without notice to you. You are responsible for remaining knowledgeable about these Terms. Your continued use of the platform constitutes your acceptance of any changes to these Terms and any changes will supersede all previous versions of the Terms. Unless otherwise specified herein, all changes to these Terms apply to all users take effect. Furthermore, we may terminate this agreement with you under these Terms at any time by notifying you in writing (including by email) or without any warning.
- PERSONAL DATA
16. Anti-Money Laundering
MindSynch’s operations are and have been conducted at all times, using and executing the appropriate tools necessary to intercept and obstruct money laundering through the registration and accounts of its users in accordance with the provisions contained in Singapore’s anti-money laundering laws and regulations.
Users who register and open an account with MindSynch and use the OneBit Trading Bot, declare that they comply with the provisions contained in the anti-money laundering laws and regulations of Singapore or any applicable legislation.
Users agree to defend and indemnify MindSynch against any claims, causes of action, demands, losses, damages, fines, penalties, sanctions or other costs or expenses of any kind or nature, including but not limited to reasonable legal and accounting fees, arising from the violation of Singapore’s anti-money laundering laws and regulations or any applicable legislation by them or any third party.
17. INTEGRATION CLAUSE
You agree that any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, application, interpretation, or validity of these Terms or the use of the platform shall be settled by binding arbitration between you and MindSynch, except that each party retains the right to bring an individual action in a court of competent jurisdiction. The courts of Singapore shall have jurisdiction over any action or claim.
19. FINAL PROVISIONS
These terms and conditions are governed by Singapore law. The courts of Singapore shall have jurisdiction to entertain and settle any action, controversy or claim in connection with the use of the platform and the services. Use of our platform is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this paragraph.
Our performance of these Terms is subject to existing laws and legal process, and nothing contained in these Terms limits our right to comply with law enforcement or other governmental or legal requests or requirements relating to your use of our platform or information provided to or gathered by us with respect to such use.
If any part of these Terms is found to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired. Our failure or delay in enforcing any provision of these Terms at any time does not waive our right to enforce the same or any other provision(s) hereof in the future.
Any rights not expressly granted herein are reserved.
20. CONTACT INFORMATION
If you have questions or concerns about these Terms, please contact us through our contact page or via the contact information below: