Terms of Use

1. Introduction

Welcome to INit!

These Terms of Use (“Terms”) set out the rules governing access to and use of our Website, Telegram Bot, and any other services provided by our Company (“Services”). They apply to all users without exception and form a legally binding agreement between you (“User” or “You”) and our Company.

Please read these Terms carefully before using our Services. By accessing or using our Website, Telegram Bot, or any other Service, you confirm that you have read, understood, and agreed to be bound by these Terms, as well as by the provisions of our Anti-Money Laundering and Counter-Terrorist Financing Policy.

You may use our Services only for lawful purposes and in compliance with all applicable laws and regulations.

Important: If you do not agree with these Terms or any of their provisions, you must not use our Services. Please leave the Website or Telegram Bot immediately.

If you have any questions or require clarification regarding these Terms, please contact our Support Team at [email protected].

2. Definitions 

The terms used in these Terms of Use have the following meanings:

• “AML Policy” means the internal rules and procedures established by the Company to prevent the misuse of its business for money laundering, terrorist financing, and to ensure compliance with applicable international sanctions.
• “Anti Money Laundering” (“AML”) means the set of laws, regulations, rules, and procedures designed to prevent the legalization (laundering) of criminal proceeds through the Company’s Services.
• “Account” means a personal record of the User after registration on the Telegram Bot. 
• “Cryptocurrency” means a digital representation of value that does not possess a legal status of currency or money, that is not issued or guaranteed by a central bank or any other public authority, is not necessarily attached to a currency, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored, traded, exchanged, invested and used for settlement electronically (e.g., bitcoin, ether, solana, etc.).
• “Transactions” means any record of a deposit, withdrawal, or other transfer of funds to, from, or within the Account that is executed by the INit Bot in accordance with the User’s request.
• “Deposit” means the transfer of funds into the User’s Account.
• “Fee” means a commission or other costs, charged by the Company for the use of Services.
• “Fiat Money (Fiat Currency)” means a currency that is legal tender in the territory of one or more states and is expressed in physical form.
• “Force Majeure” means unforeseen circumstances beyond the reasonable control of the Company and the Users that make it impossible or difficult for the Company and the Users to fulfill their obligations. The list of such circumstances is described in Section 16 of these Terms.
• “Funds” means Fiat Money (Fiat Currency) or/and Cryptocurrency.
• “Know Your Client” (“KYC”) means the procedures used by the Company to verify the identity of customers, assess risks, and ensure compliance with applicable laws. 
• “Law” (or “Applicable Law”) means all relevant laws, regulations, decrees, decisions, resolutions, and orders issued by competent authorities in any applicable jurisdiction.
• “Money Laundering” means:
  1. Converting or transferring property, knowing it is derived from criminal activity, for the purpose of concealing its illicit origin or assisting a person in evading legal consequences;
  2. Concealing or disguising the true nature, source, location, disposition, movement, ownership, or rights in property, knowing it is derived from criminal activity;
  3. Acquiring, possessing, or using property, knowing at the time of receipt that it was derived from criminal activity;
  4. Participating in, assisting, attempting, or facilitating any of the above acts.

• “Order“ means the User’s instruction to make a deposit, withdrawal, or trade to or from the Account.
• “Parties” means the Company (via the INit Bot) and the User(s).
• “Personal Data” means any information relating to an identified or identifiable natural person (e.g., full name, date of birth, address, photo, identity documents).
• “Privacy Policy” means the Company’s policy governing the collection, storage, and use of Personal Data in compliance with applicable law.
• “Prohibited Countries” refers to jurisdictions that are subject to international sanctions administered or enforced by any relevant sanctions authority, as well as countries where the provision of services requires special licensing or poses significant regulatory, legal, or risk-based concerns. Our Company does not provide services to users located in these jurisdictions.

The current list of such countries and territories includes, but is not limited to:

Afghanistan, Australia, Belarus, Bosnia and Herzegovina, Burundi, Cambodia, Canada, Central African Republic, China, Democratic Republic of the Congo, Donetsk (region of Ukraine), Eritrea, Federal Republic of Ambazonia, Gabon, Guinea, Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Japan, Kosovo, Lebanon, Libya, Luhansk (region of Ukraine), Mali, Myanmar (Burma), Nicaragua, Niger, North Korea (DPRK), Pakistan, Russia, Somalia, South Ossetia, South Sudan, Sudan, Syria, Tajikistan, Transnistria, Tunisia, Turkmenistan, United Kingdom, United States of America, Venezuela, Yemen, Zimbabwe, Abkhazia, Crimea (region of Ukraine), and New Zealand.

Please note that this list is non-exhaustive and may be updated or amended at any time in accordance with changes in applicable laws, sanctions regimes, or the Company’s internal compliance policies.

• “Politically exposed persons” or “PEP” means a natural person who is or has been entrusted with prominent public functions, as well as their family members and close associates.
• “Services” means all services provided by the Company via the Website and/or Telegram Bot, including Exchange, Acquiring, and Wallet services.
• “Telegram” means the messaging application that allows the sending of messages, photos, videos, files, and the creation of groups and channels and more. 
• “Terrorist Financing” (“TF”) means a provision or collection of funds, by any means, directly or indirectly, with the intention that they are used or in the knowledge that they are to be used, in full or in part, in order to carry out any of the offenses within the meaning of Article 2 of the International Convention for the Suppression of the Financing of Terrorism of 9 December 1999.
• “Trade” means the exchange of a User’s cryptocurrency for a cryptocurrency owned by another User. In no case, such trading shall be considered and interpreted as margin trading.
• “User(s)”, or “You” means an individual with full legal capacity or a legal entity that uses the Website, Telegram Bot, or Services and agrees to comply with these Terms.
• “Website” means the Website at https://in1t.io/ 
• “Withdrawal” means a transaction that involves the transfer of Funds from the Account.  
• “INit”, “Telegram Bot” or “Bot” means a secure digital wallet that allows Users of our Services to store, exchange, buy and sell digital currency (https://t.me/in1tbot).

Terms not expressly defined herein shall be interpreted in accordance with the applicable laws of the jurisdiction of the Company providing the relevant service.

Unless the context requires otherwise, words in the singular include the plural and vice versa, and references to any gender include all genders.

3. User Classification and Service Eleigibility

Upon successful completion of the Know Your Customer (KYC) process, each User is assigned an internal classification (“Tag”) determined by a range of factors. These factors may include, but are not limited to, the User’s country of residence, the declared purpose for using the platform, and the scope of Services requested.

The Tag determines the User’s eligibility for specific Services and the level of access granted within the platform. Depending on the Tag, parameters such as transaction limits, the availability of fiat and/or cryptocurrency operations, and other service-related features may be applied in line with operational, legal, and regulatory requirements.

For the purposes of these Terms, the Company referred to as “INit”, “We”, or “Us” includes, without limitation:

• UAB CryptoBarrel, a legal entity incorporated under the laws of Lithuania, Registration No. 306696279, with its registered office at Krivių g. 5, LT-01204, Vilnius, Lithuania.

We reserve the right, at our sole discretion, to modify a User’s Tag or restrict access to certain Services where necessary to comply with applicable laws, regulatory obligations, or our internal risk management policies.

Non-Discrimination Notice: Tag assignment and any related service limitations are applied solely for the purposes of legal compliance, regulatory adherence, and risk management. They are not based on personal characteristics unrelated to these purposes, such as race, ethnicity, religion, gender, or other protected attributes.

4. Website and INit Bot Content

When you visit our Website, you’ll find step-by-step instructions on how to use INit, as well as important sections such as:

• Terms of Use
• Privacy Policy
• AML/KYC/CTF Policy

Please note that the content and structure of the Website may be updated at any time.

Clicking the “Try Now” button on our Website will redirect you to our INit bot via a secure link in Telegram.INit Bot Overview

INit is your all-in-one crypto wallet with ultra-fast swap functionality. To begin using our services, simply click “Get Started” in the bot.

Once inside, you’ll have access to the following sections:

• Main Menu (/menu): Choose from Wallet, Swap, Settings, or Info.
• Help (/help): Overview of INit services and a link to the Terms of Use.
• Start (/start): Quick service overview and Terms of Use link.
• Wallet (/wallet): View your fiat and crypto balances, and access options like:
  • Deposit
  • Send
  • Swap
  • Transaction History
  • Activate Promo Code

• Swap (/swap): Buy or sell currencies using your available balances. Review your exchange history and navigate back to your Wallet.
• Settings (/settings): Customize your account settings:
  • Verification: View your current KYC status.
  • Language: Select from Ukrainian, Russian, English, or German.
  • 2FA: Enable two-factor authentication (2FA) for added security.
  • Promo Code: Enter a promo code if available.

• Info (/info): Access key information, including:
  • Fees: View applicable fees by selecting the operation type (Deposit, Withdrawal, Swap) and desired currency.
  • Referral Program: Invite friends and earn a percentage of profits from their transactions.
  • Contests: Learn about ongoing promotions and contests.
  • Rules: Access the Terms of Use.
  • FAQ: Find answers to common questions.
  • Bot Guide: Step-by-step instructions on:

1) Withdrawing funds

2) Swapping currencies

3) Sending crypto without fees

4) Viewing and understanding fees

5) Using multi-send

6) Activating 2FA

7) Using the referral program

• Support: Contact our support team directly from the bot.

When you first use INit, the bot will automatically assign you a unique User ID (UID) and display your authorization status. The Company reserves the right to add or remove supported fiat currencies and cryptocurrencies, and each individual or entity may register only one Account. We may also update the layout, features, languages, and services within INit at any time to enhance user experience or meet regulatory requirements.

5. Verification and Account Creation

When you first visit our platform (“INit”), a unique user identification code (UID) is automatically assigned to you. However, to access and use our services, you must complete identity verification (KYC) in accordance with our AML/CFT Policy, available on our website.

Verification Process Initiation

To begin the KYC process, navigate to the Settings section in your INit account and select Verification. Click on Start KYC, followed by Get link to KYC. You will receive a unique verification link to complete the process via our provider, Sumsub.

Please note that this link is valid for 24 hours from the time of issuance (based on Coordinated Universal Time – UTC).

By clicking the link, you initiate the verification process and may select your preferred language.

• Individual Account Verification (Natural Persons)

Verification for individual users includes the following steps:

1.Submission of personal and residential information

2.Email and phone number verification

3.Upload of a valid identity document

4.Liveness (biometric) check

5.Completion of a KYC questionnaire

Based on the collected information, your access to services will be determined in accordance with your assigned risk profile and internal Tag.

• Corporate Account Verification (Legal Entities)

To register a corporate account, the following must be verified:

1.Identity and liveness of the company representative

2.Identity and ownership of all shareholders and beneficial owners

3.Valid documentation confirming the company’s legal existence

Verification steps include:

1.Submission of the company’s legal name, address, and contact details

2.Upload of an identity document for the representative

3.Liveness check for the representative

4.Phone and email verification

5.Completion of a corporate questionnaire, including upload of supporting documents for all relevant persons and the company

For more details on how we process personal data during registration and verification, please consult our AML/CFT Policy, Privacy Policy, and Cookie Policy.

Once you successfully complete the verification process, your account will be considered registered and activated.

Important: Each user is permitted to register and maintain only one account.

Please note that we may request additional information or documentation at any stage of the verification process or during the course of your use of our services, in accordance with our risk-based approach and regulatory obligations.

Failure to provide the requested information may result in delayed access to services, account restrictions, or rejection of the application.

6. Termination and Suspension

We stress the importance of complying with these Terms to ensure uninterrupted access to our Services and to prevent misuse or violations. This section explains the circumstances under which your account or access to Services may be restricted, suspended, or terminated.

We reserve the right to suspend transactions, restrict access, deactivate your account, or notify competent authorities if we determine that your account was created, used, or is being used for unlawful purposes.

In case of unauthorized access or suspected compromise of your account, you must immediately inform our Support Team through the official contact channel.

At our sole discretion, we may temporarily restrict, suspend, block, or permanently terminate your account and/or access to Services in the following cases (including, but not limited to):

• Violations of these Terms;
• Engagement in prohibited or illegal activities, including money laundering, terrorist financing, corruption, fraud, or other unlawful conduct;
• Failure to meet onboarding or ongoing compliance requirements, including KYC/AML obligations;
• Suspicious, unusual, or high-risk account activity detected by our monitoring systems;
• Regulatory or law enforcement request;
• Court or competent authority order prohibiting us from cooperating with you;
• Failure to provide accurate, complete, or up-to-date information upon request, or submission of falsified, altered, or counterfeit documents;
• Actions likely to harm our operations, security, or reputation;
• Precautionary measures where there is a reasonable belief of potential legal or regulatory breaches.

The decision to suspend or terminate an Account is based on the nature, frequency, and severity of the violations and will be taken with appropriate justification. Please note that the Company is not obliged to disclose the specific grounds, internal risk assessments, or regulatory considerations that led to such a decision.

Additionally, your account may be deactivated due to prolonged inactivity (e.g., no trading activity for 12 months), or if you fail to complete verification within a reasonable time after registration.

Upon termination, you will be given a limited time frame to withdraw any remaining funds or assets in accordance with applicable laws and internal procedures. In certain cases, withdrawals may not be permitted due to legal or regulatory restrictions.

If your account is suspended, restricted, blocked, or terminated, you will be notified via email or through the Telegram Bot.

You may appeal a termination decision by contacting our Support Team and providing justification or additional context for review.

If you wish to voluntarily deactivate your account, you may submit a request to our Support Team via email at: [email protected].

7. User Eligibility and Conduct

Our Company applies the following eligibility criteria to all Users:

• Legal Entities: By registering for an Account, you represent and warrant that your entity is duly incorporated, registered, and operating in a jurisdiction where our Services are lawfully available. If you act on behalf of a legal entity, you must provide documents confirming your authority to represent that entity.
• Individuals: You represent and warrant that you are of legal age and reside in a jurisdiction where our Services are lawfully available.

We do not engage with Users who:

• are citizens or residents of, or have a registered office in, any jurisdiction listed as restricted or prohibited in our AML/CFT Policy or in Section 2 (“Definitions”) of these Terms;
• are subject to any international, regional, or national sanctions.

The User further agrees and confirms that they will not engage in any transactions with persons or entities from restricted or prohibited jurisdictions or with parties subject to sanctions.

By registering an Account, the User confirms that:

• they are not a Politically Exposed Person (PEP), a close associate of a PEP, or a family member of a PEP;
• they do not have an existing registered Account with our Telegram Bot;
• all information provided during verification is accurate, lawful, up-to-date, and belongs to them.

Failure to meet or maintain these criteria may result in refusal of service, account suspension, or deactivation.

User Rights:

• to choose the type of Service they wish to receive;
• to receive professional and timely support from the Company while using our Website, Telegram Bot, and related Services;
• to contact our Support Service with any inquiries or issues related to our Services.

User Obligations:

• to comply with these Terms and review their latest version in a timely manner;
• to use our Website, Telegram Bot, and Services in good faith;
• to comply with the warranties outlined in these Terms;
• to fulfill all other obligations set out in these Terms of Use.

8. User Represenatitons and Warranties

By engaging with our Company, you acknowledge, agree, and warrant that:

1. You have read, understood, and accepted these Terms of Use, as well as our Privacy Policy and AML/KYC/CTF Policies, and will comply with them at all times.
2. You may register only one Account, solely for your own use.
3. You will not share your login credentials with any third party.
4. You will not attempt to use our Services anonymously or circumvent any restrictions we impose.
5. You will not conceal your location; if we have doubts, we may request confirmation of your exact location.
6. All information provided during registration and verification is accurate, complete, and truthful. Any changes to such information must be promptly communicated to us, together with supporting documentation where applicable.
7. You will use our Website, Telegram Bot, and Services exclusively for lawful purposes and in compliance with all applicable laws and regulations.
8. You are solely responsible for safeguarding your login credentials, and any consequences of unauthorized access resulting from your negligence are your sole responsibility.
9. You will not engage in any activity that could disrupt, overload, or impair the functioning of INit.
10. You have not been previously banned, restricted, or blocked from our Website or Telegram Bot.

Important: Failure to comply with these warranties may result in the immediate suspension or termination of your access to our Services.

9. Services

Through INit, you may access the following services:

• Limited Access (Pre-Verification): Without completing verification, you may access limited features of the Bot, including viewing functionality, commission rates, and exploring the Wallet, Exchange, Settings, and Information sections. However, you will not be able to conduct any transactions involving cryptocurrency or fiat currency until your account is registered and verification is completed.
• Wallet Services: Secure storage of cryptocurrencies, with the ability to deposit, withdraw, exchange, and transfer funds between users.
• Transfers: Send cryptocurrencies between users instantly and without commissions.
• Exchange Services: Buy and sell cryptocurrencies, exchange one cryptocurrency for another, or convert between cryptocurrency and fiat currency at competitive rates.
• Acquiring Services: Flexible commission-based acquiring solutions for supported payment methods.
• AML Screening Services: For verified Users, we additionally offer on-demand AML checks on wallet addresses or specific crypto-asset transactions. These services are provided through a dedicated, user-friendly interface and are performed using industry-standard blockchain analytics tools. Users may purchase AML checks individually or as part of a package. Package purchases are credited to the User’s balance as AML check tokens and applied automatically when checks are initiated. If no tokens are available, the applicable fee will be deducted in supported crypto-assets. This service is entirely optional, designed to enhance counterparty awareness. It does not constitute legal or compliance advice.

Anonymous and Anonymity-Enhanced Crypto-Assets (AECs)

For compliance reasons, our Services do not support deposits, withdrawals, exchanges, or any other transactions involving anonymous or anonymity-enhanced crypto-assets (“AECs”), such as Monero (XMR), Zcash (ZEC) in shielded mode, Dash (PrivateSend), Grin, Beam, or similar assets.

Any attempt to use such assets on our platform will be rejected.

Deposits and Withdrawals

To use our services, you must first deposit funds into your account. We support various deposit methods, including (but not limited to) credit/debit cards, bank transfers, and virtual currency wallets. Availability may vary by jurisdiction.

Processing times depend on the payment method used. Some deposits are credited instantly, while others may take additional time. Certain deposit or withdrawal methods may be unavailable due to technical issues with the provider or based on your location.

Please note that fiat-to-fiat currency exchange is not supported through our Bot.

Your Wallet supports popular payment methods such as Visa, MasterCard, USDT, and others. You are solely responsible for ensuring the accuracy of the wallet address provided. If an incorrect wallet address is entered and the withdrawal is marked as Completed, the funds will be lost. 

Exchange Conditions

When placing an exchange order, the price and settlement amounts displayed are indicative and reflect the most recent completed trade. They do not guarantee execution at the previously displayed price. The credited amount will depend on current market conditions, including supply and demand.

Orders may take time to execute and, in some cases, may remain unfilled if there is no matching supply in the market at the specified price and volume. Once an order is executed, it cannot be canceled.

Withdrawal Limits and Bank Restrictions

Withdrawal limits are determined by the receiving bank. While you may initiate an unlimited withdrawal from the Bot, we cannot guarantee that the receiving bank will credit the full amount. Any unpaid portion will be recalculated and returned to your balance. You may attempt the transfer again or use an alternative bank card.

Risks and Disclaimers

You acknowledge that you fully understand the risks associated with the purchase, sale, and exchange of cryptocurrencies. We strongly recommend that you engage in such transactions only within your financial means and exercise caution at all times.

We do not guarantee market liquidity or any specific value of a cryptocurrency.

Changes to Services

We reserve the right to modify, expand, restrict, or introduce new services at any time, including those not expressly listed in these Terms.

10. Fees and Taxes

Users may incur fees when performing actions on our platform, including (but not limited to) exchange fees, withdrawal and deposit fees, and charges for additional services. You are solely responsible for paying such fees, as well as any charges imposed by third-party financial institutions when transferring funds to or from INit.

All applicable fees are displayed in INit and in your account interface. Fees are applied in a transparent, fair, and non-discriminatory manner to all Users, based solely on the nature of the service provided and not on the identity of the User.

We reserve the right to adjust our fees at any time in response to changes in regulatory requirements, operational costs, market conditions, or other relevant factors. Any changes will be communicated to Users in advance through our designated communication channels.

Typical fees include:

Exchange Fees: cover the cost of converting one currency to another; calculated based on the currency types and transaction amount.

Withdrawal and Deposit Fees: cover the costs of cryptocurrency transfers and payment processing; vary depending on the payment method and currency type.

Additional Service Fees: apply when the Company provides special or optional services. Users will be informed of such charges before using these services.

Please note that exchange rates may fluctuate between the time you submit a request and the time your order is executed due to market volatility. The final credited or debited amount will reflect the prevailing market rate at the moment of execution.

We encourage all Users to regularly review updates to our fee schedule to remain informed about current charges.

You are solely responsible for determining, reporting, and paying any taxes, duties, or similar governmental assessments arising from your use of our Services. This includes ensuring compliance with all applicable tax laws and remitting any amounts due to the relevant tax authorities.

11. Intellectual property rights

All content of our Website, Telegram Bot, and any other materials or elements related to our Services  including but not limited to trademarks, logos, designs, text, graphics, software, and any other intellectual property are the exclusive property of the Company and are protected under applicable local, national, and international intellectual property laws and regulations.

We grant Users a limited, non-exclusive, non-transferable, and revocable license to use the Company’s intellectual property solely in accordance with these Terms, and only for personal, non-commercial purposes. Any other use is strictly prohibited without our prior written consent. In particular, You may not modify, reproduce, distribute, publicly display, or create derivative works based on any part of our intellectual property.

Any unauthorized use of our intellectual property may result in civil, administrative, or criminal liability in accordance with applicable laws. We reserve the right to investigate suspected violations, collect relevant evidence, and notify competent authorities where appropriate. Such actions may lead to enforcement measures, including court proceedings.

Where certain intellectual property rights belong to third parties, we do not claim ownership of such rights and will respect them in full. The use of such third-party rights is subject to their respective terms and conditions.

12. Third-Party Website and Services

Our Website and Telegram Bot may contain links to, or integrate with, third-party websites, applications, or services. These may include, for example, service providers that assist us in delivering certain functionalities, such as identity verification.

We have no control over, and assume no responsibility for, the content, policies, practices, or performance of such third-party websites, applications, or services. Your use of any third-party services or websites is at your own risk. We shall not be liable for any loss, damage, or other consequences arising from your use of, or reliance on, such third-party services.

Any claims, complaints, or requests for support relating to third-party websites or services should be directed to the respective third party.

We strongly recommend that you review the applicable terms of use, privacy policies, and other governing documents of any third party before using their services or providing them with your personal data. You are solely responsible for ensuring your compliance with such terms.

For example, we use the services of Sum and Substance Ltd (“Sumsub”) for identity verification. For more information on Sumsub’s services and data handling practices, please refer to the SumSub Privacy Notice.

13. Privacy Policy and Personal Data

At INit, we value and respect your privacy. We are committed to protecting your personal data and handling it in accordance with your consent, our Terms of Use, and applicable laws.

Our Privacy Policy has been prepared in line with the General Data Protection Regulation (GDPR), as well as any applicable data protection laws in the jurisdiction of the Company entity providing the Services.

By using our Services, you acknowledge that you have read, understood, and accepted the terms set forth in our Privacy Policy. If you do not agree with any of its provisions, you should refrain from using INit Services.

We process your personal data only to the extent necessary to ensure the secure, efficient, and lawful provision of INit Services.

Why We Collect Your Personal Data

The primary purposes for collecting your personal data are:

• to ensure the secure and lawful provision of our Services;
• to comply with our legal and regulatory obligations;
• to improve our Services and user experience.

Types of Data We Process

We may process the following categories of data:

• Data you provide voluntarily – such as identification documents, contact information, or details submitted during registration or verification.
• Data collected automatically – such as device information, IP address, and usage data generated by your interactions with our Services.

Your Rights

You have the right to exercise the following under applicable data protection laws:

• Right of access;
• Right to rectification;
• Right to erasure (“right to be forgotten”);
• Right to restriction of processing;
• Right to data portability;
• Right to object;
• Right to lodge a complaint with a supervisory authority.

We are committed to transparency and accountability in all data processing activities and to upholding the highest standards of privacy compliance.

For more details on how we collect, use, store, and protect your personal data, please refer to our Privacy Policy.

14. Anti-Money Laundering (AML) and Know Your Customer (KYC)

The Company takes all necessary measures to comply with applicable legal requirements and to actively prevent money laundering, terrorist financing, and other forms of financial crime.

As part of our regulatory compliance framework, we have implemented a comprehensive Anti-Money Laundering and Counter-Terrorist Financing Policy (AML/CFT Policy). This Policy outlines the procedures, controls, and responsibilities in place to ensure compliance with AML/CFT laws and regulations applicable to the jurisdiction of the Company entity providing the Services.

We recognize the importance of maintaining a robust AML/CFT program to protect our operations, safeguard our reputation, and mitigate the risks associated with illicit activities. The Policy serves as a guide for our employees, contractors, and stakeholders, detailing their obligations in identifying, preventing, and reporting suspicious activities.

We apply customer due diligence (CDD) and enhanced due diligence (EDD) measures where appropriate, which include:

• verifying the identity of all Users prior to granting full access to our Services;
• requesting relevant identification documents, proof of address, and means of communication;
• in certain cases, requesting additional documentation or information depending on the risk profile of the User or the nature of their transactions;
• ongoing monitoring of transactions to detect unusual or suspicious activity.

Our KYC procedures are designed to establish secure and trustworthy business relationships with Users. Completion of the verification process is mandatory before gaining full access to our Services.

User Obligations

By using our Services, you agree to:

• fully comply with all AML/CFT requirements and our AML/CFT Policy;
• provide complete, accurate, and up-to-date information and documents upon request;
• promptly respond to any Company request for additional information or clarification;
• refrain from engaging in any transactions that may involve illicit funds or violate applicable sanctions;
• notify us immediately of any changes to your identification details or business activities relevant to our AML/KYC review.

Failure to meet these obligations may result in the suspension, restriction, or termination of your Account, and, where required, the filing of a report with the competent authorities.

For detailed information regarding our procedures, requirements, and ongoing monitoring processes, please refer to our AML/CFT Policy, which forms an integral part of these Terms.

15. Limitation of Liability and Disclaimer of Warranties

To the maximum extent permitted by applicable law, the Company, including its directors, officers, employees, contractors, and service providers, shall not be liable for any direct or indirect losses, damages, costs, or expenses incurred by the User in connection with the use of the Website, Telegram Bot, or any of our Services. 

We operate in connection with cryptocurrencies and blockchain-based technologies that are beyond our sole control, and changes in such technologies, market conditions, applicable regulations, or the actions of third parties may impact the functionality, availability, or performance of our Services. We shall not be liable for any errors or inaccuracies resulting from the User providing incorrect or incomplete information, for refusals by third parties to process transactions, for problems related to Account access or operation, for service interruptions, system malfunctions, defective display of content, or unavailability of the Website or Telegram Bot, or for any losses caused by malicious files, cyberattacks, technical failures, or other factors beyond our control. 

We shall not be liable for any indirect, special, incidental, punitive, or consequential damages, including but not limited to loss of profits, revenue, business, goodwill, or data, whether based on contract, tort, negligence, strict liability, or otherwise. By using our Services, you acknowledge and accept that the cryptocurrency market is volatile and subject to significant risks, including market fluctuations, liquidity constraints, price instability, and possible unauthorized access or data breaches, and that we do not provide financial, investment, tax, or legal advice. 

Any decisions you make in connection with the use of our Services are at your sole discretion and risk. We make no express or implied warranties or representations regarding the uninterrupted or error-free operation of the Website, Telegram Bot, or Services, the accuracy, completeness, or timeliness of any information provided, or the suitability of our Services for your specific purposes. 

We make regular efforts to update the information available on our Website and Telegram Bot; however, we cannot guarantee that it will always be complete, accurate, or up to date, and you should independently verify any information before relying on it. In any case, the maximum total liability of the Company for any claims related to these Terms, the Website, Telegram Bot, or the Services will be limited to the total amount of fees you have paid to us for the Services during the twelve (12) months immediately before the event that gave rise to the claim.

16. Force Majeure

The Company shall not be deemed in breach of these Terms, nor held liable for any delay, interruption, or failure to provide the Services, or for any loss or damage, if such events result from circumstances beyond the Company’s reasonable control (“Force Majeure Event”).

Force Majeure Events may include, but are not limited to: natural disasters (flood, earthquake, extreme weather, fire), war, civil unrest, strikes, labor disputes, accidents, terrorist acts, decisions of government authorities, power or telecommunications failures, network disruptions, or hardware/software malfunctions.

In the event of a Force Majeure Event, the Company will promptly inform Users of its occurrence, anticipated impact, and, if foreseeable, expected duration. We will take reasonable steps to mitigate its consequences and restore the Services as soon as practicable.

Users acknowledge that during a Force Majeure Event, the Company’s obligations under these Terms may be delayed, suspended, modified, or rendered impossible without liability. If the Force Majeure Event persists beyond a reasonable period, the Company may suspend, adjust, or permanently cease the affected Services and will notify Users accordingly.

17. Announcements

We aim to maintain open communication with our Users and provide timely information related to our Services. For this purpose, we may distribute important updates, notices, and announcements to ensure the effective and informed use of our Services.

Such communications may be delivered through various channels, including (but not limited to) messages via the INit Telegram Bot, publications on our Website, SMS, or email.

You may select your preferred communication method where available, and you may also opt out of non-essential communications (such as newsletters, marketing materials, and promotional offers) or adjust the frequency of such messages.

18. Interaction with the Support Service

We recognize the importance of effective communication with our Users and strive to provide timely and convenient assistance. Our Support Service is available to address questions regarding our Terms of Use, Policies, the Website, the Telegram Bot, or any issues encountered while using our Services.

Our Support Service aims to respond promptly, review all inquiries impartially, and provide clear and helpful guidance. If you require assistance:

Open INit → go to Menu → Info →  Support to start a chat with our Support team via Telegram.

Support bot username: @INit_support

Working hours:

Monday – Friday: 10:00 – 22:30

Saturday – Sunday: 10:00 – 22:00

(Working hours and days may be subject to change)

Direct link: https://t.me/INit_support

Email: [email protected]

We expect all Users to maintain respectful and constructive communication with our Support staff. Aggressive, obscene, or otherwise inappropriate behavior may result in temporary suspension of access to both the Support Service and your Account.

If you are dissatisfied with the assistance received, you may submit a formal complaint by email to [email protected], including a detailed description of the events. All complaints will be reviewed, and a reasoned response will be provided.

19. Applicable Law and Dispute Resolution

These Terms of Use, and any matters related to their interpretation or implementation during your use of our Website, Telegram Bot, or Services, shall be governed by the laws of the jurisdiction of the Company entity providing the relevant Service.

All disputes, claims, or disagreements arising from or related to these Terms shall first be addressed through amicable negotiations between the Parties. You agree that the sole means of initiating such negotiations is via email correspondence with INit’s authorized representatives at Customer Support.

Both Parties shall use their best reasonable efforts to resolve disputes amicably. The negotiation period shall last a minimum of 30 business days and may be extended up to 60 business days by mutual written agreement confirmed via email.

If no resolution is reached within the applicable period, the dispute shall be submitted to the competent court of the relevant jurisdiction. The court’s decision shall be final and binding, and the Parties agree to its enforcement in any jurisdiction where a Party has assets.

The Parties agree to maintain confidentiality regarding all matters related to any legal proceedings.

You must file any claims arising from or related to these Terms within one (1) year of the date such claims arose; otherwise, they shall be deemed irrevocably waived.

20. Reimbursement

You agree to indemnify, defend, and hold harmless the Company, its officers, directors, employees, agents, and affiliates from and against any and all claims, actions, proceedings, investigations, fines, penalties, costs, expenses (including reasonable legal fees), losses, liabilities, damages, and judgments arising directly or indirectly from:

any breach by you of the representations, warranties, or obligations set forth in these Terms of Use or any incorporated documents;

any access to or use of our Services by a third party through your account credentials, whether authorized or not; or

any unlawful, improper, fraudulent, or unauthorized use by you of our Website, Telegram Bot, or Services.

This indemnity expressly includes, without limitation, any regulatory fines, penalties, or enforcement actions resulting from your acts or omissions.

These indemnification obligations shall survive the termination or expiration of these Terms of Use and your use of the Website, Telegram Bot, or Services.

21. Changes These Terms of Use

The Company reserves the right to amend, update, or modify these Terms of Use at any time, including making changes to specific provisions, adding new provisions, or removing existing ones. All changes will be published on our Website, and the updated Terms of Use will indicate the date of the latest revision.

For material changes that may significantly affect your rights or obligations, we will provide prior notice through one or more of our communication channels (e.g., email, Website announcement, or Telegram Bot notification) at least 7 calendar days before the changes take effect, unless a shorter period is required by law or necessary for compliance or security reasons.

Any amendments shall become effective from the date specified in the notice or, if no notice is required, from the date they are published on the Website.

It is your responsibility to review these Terms regularly to remain informed of any updates. Your continued use of INit Services following the publication or effective date of the amended Terms constitutes your acceptance of the changes.

If you do not agree to the updated Terms, you must immediately cease using our Services and close your Account.

22. Final clauses

Any matters not expressly regulated by these Terms shall be governed by the applicable laws of the jurisdiction of the Company entity providing the relevant Service.

If any provision of these Terms is held to be invalid, illegal, or unenforceable for any reason, such provision shall be deemed deleted, and the remaining provisions shall continue in full force and effect.

In the event of any inconsistency between the English version of these Terms and a translation into any other language, the English version shall prevail.

If you have any questions regarding our operations or these Terms, you may contact us via the Support Service Telegram bot or by email at [email protected].