Know your Customer (“KYC”) and Anti-Money Laundering (“AML”) Policy
Energy8 is a permissionless and fully decentralized platform for token transfers between blockchains and games, cross-chain swaps and NFT-trading. As a software development organization, Energy8 has no duty in enforcing KYC by default. However, Energy8 provides smart contracts, KYC/AML and other tools that may be adopted completely at the discretion of fundraising entities.
Energy8 makes no warranty as to the merit, legality, or juridical nature of any token (including whether or not it is considered a security or financial instrument under any applicable securities laws), token transfering, cross-chain swaps, NFT-trading using tools which are provided by Energy8. Nonetheless, Energy8 understands the need of certain token projects to conduct KYC/AML on participants.
Therefore, and at the sole behest of fundraising entities and/or competent regulatory authorities: Energy8 reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Energy8 reserves the right to restrict service and payment until identity is sufficiently determined; Energy8 reserves the right to share submitted KYC information and documentation to third parties to verify the authenticity of submitted information, and the end user (you) agree to this by using the Service; Energy8 reserves the right to confiscate any and all funds that are found to be in violation of relevant and applicable AML and counter-terrorist financing (“CFT”) laws and regulations, and to cooperate with the competent authorities when and if necessary.
AML & SANCTIONS COMPLIANCE. Energy8 expressly prohibits and rejects any use of the Service for any form of illicit activity, including money laundering, terrorist financing or trade sanction violations, consistent with various jurisdictions’ laws, regulations, and norms. To that end, the Service is not offered to individuals or entities on any PEP lists, or subject to any applicable sanctions or watch lists, including but not limited to those of the U.S. and the E.U. By using the Service, end users represent and warrant that they are not on any such lists.