FireX Terms of Service and Authorization Statement

Last Updated: October 20, 2025

Welcome to FireX!

These Terms of Service (hereinafter referred to as the “Terms”) constitute a legally binding agreement between you (hereinafter referred to as “User” or “you”) and the FireX platform (hereinafter referred to as “FireX,” “we,” “our,” or “the Platform”). These Terms govern your access to and use of our website, platform, and any related services provided through them (collectively, the “Services”).

Please read these Terms carefully before using the Services, especially those provisions in bold that limit or exclude our liability or disclose potential risks. By accessing, registering for, or using the Services, you acknowledge that you have read, understood, and agreed to be bound by all the terms and conditions herein. If you do not agree, you must immediately cease using the Services.

1. Definitions

For clarity and consistency, the following terms are defined as follows:

• “BTC Hashrate Asset Package” refers to a form of Real-World Asset (RWA) representing future income rights and ownership interests associated with a specific quantity of Bitcoin computing power.
• “Privy” refers to our integrated third-party account and wallet infrastructure service provider.
• “Custodial Wallet” refers to a digital wallet created for you on the Platform through Privy, used to receive and manage your assets (e.g., WBTC).
• “WBTC” means Wrapped Bitcoin, a token pegged to the value of Bitcoin and compliant with Ethereum network standards, which serves as the primary form of yield distribution on this Platform.
• “Partner Program” refers to the broker and node partner incentive system established by FireX to reward eligible users for promotional activities.
  
   

2. Service Description and Scope

FireX is an institutional-grade Real-World Asset (RWA) exchange platform built on blockchain technology. Our core services include but are not limited to:

• RWA Token Issuance and Purchase: Users may purchase various RWAs (such as “BTC Hashrate Asset Packages”) issued on the Platform using designated cryptocurrencies (e.g., USDT).
• Yield Calculation and Distribution: The Platform calculates daily gross returns generated by the underlying assets (e.g., mining hashrate). After deducting operational costs (defined in Section 3), the net yield (e.g., in WBTC) will be distributed to the user’s Custodial Wallet.
• Asset Management Dashboard: FireX provides an interface where users can view and manage their RWAs, historical yields, and accumulated points, as well as initiate withdrawals.
• Partner Program: Eligible users may join our broker and node partner incentive programs. The applicable rules and reward structures are subject to the most recent version published on the Platform.
• Points System: Users may earn platform points through product purchases or promotional activities. Points serve as value credentials within the FireX ecosystem, with future use cases to be determined and announced as the platform evolves.

3. Fees and Costs

You acknowledge and agree that use of the Services may incur the following fees and responsibilities:

• The platform charges two types of fees:

1. Electricity Cost: This covers the daily power consumption of Supercomputing Servers and is automatically deducted from the total daily mining earnings, with no manual payment required.

2. Platform Management & Maintenance Fee: This covers platform operations and mining farm maintenance, and is charged when users withdraw their mining earnings.

• Network Fee (Gas Fee): When withdrawing your assets (e.g., WBTC) from the Platform to an external wallet, you must pay the applicable blockchain network fee (Gas Fee) charged by the underlying blockchain network (e.g., Ethereum). FireX does not profit from such fees.
• Other Fees: Users who elect to take physical delivery of Supercomputing Servers upon contract expiration shall bear all related logistics, insurance, customs, and other costs.

4. User Eligibility, Registration, and Account Security

Eligibility: You represent and warrant that:
(a) You possess full civil and legal capacity;
(b) You are not listed on any sanctions or trade restriction lists maintained by any sovereign state or international organization;
(c) Your use of the Services complies with all applicable laws and regulations of your jurisdiction;
(d) All information you provide to FireX is, and will remain, true, accurate, and complete.

Account Registration: The Platform integrates Privy for account services. You authorize FireX to obtain from Privy the necessary information required to create and verify your account.

Account Security: You are fully responsible for all activities that occur under your account. You must safeguard your login credentials (passwords, private keys, mnemonic phrases, etc.). Any access using your credentials will be deemed authorized by you. If you suspect unauthorized access, you must notify FireX immediately.

5. Special Terms for “BTC Hashrate Asset Packages”

Product Nature: A “BTC Hashrate Asset Package” is an RWA representing future income rights and ownership interests in associated mining equipment (Supercomputing Server).

Contract Term: Each BTC Hashrate Asset Package is valid for approximately four (4) years. The exact term is displayed at the time of purchase.

Contract Expiration Handling: Prior to contract expiration, the Platform will notify you to choose between:

1. Physical Delivery: Receive the physical Supercomputing Servers corresponding to your hashrate holdings after paying applicable costs (final specifications and conditions subject to delivery status).
2. Platform Buyback: FireX will repurchase the machines at the then-current fair market price and remit payment to you.
   If no valid selection is made within the specified period, you are deemed to have authorized FireX to proceed with the default Platform Buyback option.

6. Risk Disclosure

You fully understand and acknowledge that investing in or using blockchain-based digital asset services involves significant risks. You should conduct independent due diligence and bear all resulting losses. Key risks include, but are not limited to:

• Market Risk: Cryptocurrency prices (including BTC, WBTC, and USDT) are highly volatile. Asset values may fluctuate dramatically or even become worthless.
• Mining Operation Risk: Variations in global hashrate and Bitcoin difficulty affect mining output; hardware failures, software issues, or natural wear may cause downtime; and mining site operations may be impacted by electricity supply, network conditions, regulatory policies, or geopolitical factors.
• Technology and Security Risk: Blockchain systems may experience congestion, forks, or attacks (e.g., 51% attacks). Smart contracts, even if audited, may contain vulnerabilities exploited by hackers.
• Third-Party Dependency Risk: The Platform relies on third-party providers (e.g., Privy, blockchain networks, cloud service providers). Interruptions or failures of these services may affect your asset security.
• Regulatory Risk: Laws and policies on digital assets and RWAs are evolving rapidly. Regulatory actions may materially affect the Services, asset values, or legality of operations.
• Liquidity Risk: FireX does not guarantee that RWAs will have an active or liquid secondary market.
• No Guarantee of Returns: Any displayed return rates (e.g., “~280%”), payback periods, or forecasts are theoretical estimates and do not constitute guarantees of performance.
• Non-Investment Advice: FireX does not provide investment, financial, trading, or other professional advice.

7. User Conduct and Prohibited Activities

You agree not to use the Services for any unlawful purpose, including but not limited to:

• Violating any applicable laws or regulations;
• Engaging in money laundering, terrorism financing, fraud, pyramid schemes, or other financial crimes;
• Using automated systems (bots, crawlers, etc.) to access the Platform or reverse engineer its code;
• Providing false, misleading, or impersonated information;
• Distributing viruses, worms, or malicious software;
• Interfering with or overloading our servers or network.

8. Intellectual Property

All content on the Platform, including text, graphics, logos, interfaces, code, and software, is owned by FireX or its licensors and protected by intellectual property laws. You may not copy, modify, distribute, display, or transmit any such materials without our prior written consent.

9. Disclaimer

“As-Is” Basis: The Services are provided on an “as is” and “as available” basis. To the maximum extent permitted by law, FireX disclaims all warranties—express or implied—including warranties of merchantability, fitness for a particular purpose, and non-infringement.

Information Accuracy: FireX does not guarantee that information, data, or yield estimates on the Platform are accurate, complete, or up to date.

Third-Party Content: Links to third-party sites or resources are provided for convenience only. FireX does not endorse or assume responsibility for such content or services.

10. Limitation of Liability

In no event shall FireX, its directors, employees, affiliates, or service providers be liable for any indirect, incidental, special, punitive, or consequential damages, including loss of profits, revenue, data, or goodwill, arising out of or related to:
(a) your use or inability to use the Services;
(b) actions or content of third parties;
(c) content obtained through the Services;
(d) unauthorized access to or alteration of your data.

11. Indemnification

You agree to defend, indemnify, and hold harmless FireX, its affiliates, officers, directors, and employees from any claims, damages, obligations, losses, liabilities, or expenses (including reasonable attorneys’ fees) arising from:
(a) your breach of these Terms;
(b) your violation of any law or third-party rights.

12. Amendments and Termination

Amendments: FireX reserves the right to amend or replace these Terms at any time at its sole discretion. Updated versions take effect immediately upon publication. Continued use of the Services constitutes acceptance of the revised Terms.

Termination: FireX may suspend or terminate your account or access to the Services at any time, with or without notice, including due to your breach of these Terms. Upon termination, your right to use the Services ceases immediately.

13. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region. Any dispute arising out of or relating to these Terms shall first be settled through friendly negotiation. If unresolved within thirty (30) days, the dispute shall be submitted to South China International Arbitration Center (HK)(SCIAHK) for binding arbitration in accordance with its then-effective rules.

14. Miscellaneous

• Entire Agreement: These Terms constitute the entire agreement between you and FireX and supersede any prior oral or written agreements.
• Electronic Communications: You agree to receive all communications electronically and acknowledge that such communications have the same legal effect as written documents.
• Assignment: You may not assign any rights or obligations under these Terms without our prior written consent. FireX may assign these Terms without restriction.
• Severability: If any provision is held invalid or unenforceable, the remaining provisions shall remain in full effect.
• Force Majeure: FireX is not liable for delays or failures caused by events beyond its reasonable control, including natural disasters, wars, strikes, government actions, or network failures.
• Relationship of Parties: These Terms do not create a partnership, joint venture, employment, or agency relationship between you and FireX.
• No Waiver: Failure by FireX to enforce any right or provision shall not constitute a waiver of such right.

15. Contact Us

If you have any questions regarding these Terms, please contact us at:
Email: [email protected]
Official Website: https://firex.vip

By continuing to use the Platform, you acknowledge that you have read and understood the FireX Terms of Service. Clicking “Authorization” constitutes your voluntary acceptance of these Terms and your acknowledgment that all transactions, investments, and yields are undertaken at your own risk. You hereby authorize FireX to provide services, execute settlements, distribute yields, and collect applicable fees in accordance with these Terms.