Lending Agreement

1. With this agreement, you are entering into a lending agreement with Coinmerce Earn B.V. for the cryptocurrency you have selected. You are making your cryptocurrency available to Coinmerce Earn for an indefinite period of time. By lending these cryptocurrencies, you will not have access to them until you request the return of the lent cryptocurrencies from Coinmerce Earn and Coinmerce Earn has fulfilled this request.

2. The purpose of this loan for you is to generate returns from Coinmerce Earn on the cryptocurrencies you have made available to Coinmerce Earn. Coinmerce Earn owes you a return compensation on the cryptocurrencies that you lend to Coinmerce Earn.

3. The purpose of this loan for Coinmerce Earn is to generate higher returns itself, among other things by lending out the cryptocurrencies it borrows from you to selected parties, or by staking cryptocurrencies.

4. The current return compensation for this lending agreement can always be found in the BLOX application. Additionally, you will periodically receive an email with the current return compensation for the cryptocurrencies lent out under this lending agreement. In principle, return compensations are paid out to you weekly in these cryptocurrencies. The paid-out cryptocurrencies are shown in your BLOX account. Note! This return compensation is flexible and may change from time to time (either positively or negatively). The compensation may become lower, but will not be negative.

5. There are significant risks involved with lending cryptocurrencies under this agreement. The activities of Coinmerce Earn, including staking and (re)lending, are not without risk. Coinmerce Earn may lose the borrowed cryptocurrencies. This may mean that Coinmerce Earn is unable to pay your returns and/or fully or partially return the cryptocurrencies borrowed from you. You may therefore lose part or all of your lent cryptocurrencies. If you do not (or no longer) wish to run these risks, you can terminate the lending agreement(s) at any time in the Earn tab of the BLOX application.

6. Changes to your return will be actively communicated to you in advance. This means that if you do not agree with your new return, you can always terminate the lending agreement with Coinmerce Earn so that the new return does not apply to you.

7. Attention! If you purchase additional cryptocurrencies during the term of the lending agreement, these will also be lent out to Coinmerce Earn and will automatically become part of the loan agreement. Your new cryptocurrencies will therefore be lent out under the same conditions.

8. It is important to know that Coinmerce Earn does not provide crypto-asset services to you. BLOX does. Coinmerce Earn is only your contractual party as borrower in this lending agreement. Communication and administration regarding this lending agreement takes place exclusively between you and BLOX in your Account via the BLOX application.

9. Both you and Coinmerce Earn can modify or terminate this lending agreement at any time. If the lending agreement is terminated, either in its entirety or with respect to certain cryptocurrencies, you will no longer receive return compensation from the moment Coinmerce Earn has returned the relevant cryptocurrencies.

10. The lending agreement is an addition to the user agreement. Do you have any questions after reading these elements? Then check our website and the FAQ. On the website, you can also read more about the risks. You can stop the loan product at any time in the Earn Tab. In addition, we will send you an email in which the terms and conditions of this lending agreement are once again stated.