Forks Clause Samples

The "Forks" clause defines how the parties will handle situations where a blockchain or distributed ledger undergoes a split, resulting in two or more competing versions of the network. Typically, this clause specifies which version of the blockchain will be recognized for the purposes of the agreement, and may outline procedures for addressing assets or transactions that exist on both forks. By establishing clear rules for these scenarios, the clause helps prevent disputes and ensures continuity in contractual obligations despite technical changes in the underlying blockchain.
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Forks i. Customer agrees and understands that the underlying protocols of Supported Networks are subject to Forks that may result in more than one version (each, a “Forked Network”) and Gemini holding a specified amount of Digital Assets associated with each Forked Network. Customer further agrees and understands that Forks may materially affect the value, function, and/or name of the Assets it holds on Gemini. ii. In the event of a Fork, ▇▇▇▇▇▇▇▇ agrees and understands that ▇▇▇▇▇▇ may temporarily suspend the operations of Gemini (with or without notice to Customer) while Gemini chooses, in its sole discretion, except as described herein, which Forked Networks to support. Customer agrees and understands that in ▇▇▇▇▇▇’s best estimation it is unlikely to support most Forked Networks and that the Digital Assets of most Forked Networks will likely not be made available to Customer. iii. DIGITAL ASSET VALUES CAN FLUCTUATE SUBSTANTIALLY, INCLUDING DUE TO CHANGES IN DIGITAL ASSET PROTOCOLS AND NETWORKS WHICH MAY RESULT IN A TOTAL LOSS OF THE VALUE OF DIGITAL ASSETS HELD BY GEMINI ON CUSTOMER’S BEHALF. THE SUPPLY OF DIGITAL ASSETS AVAILABLE TO GEMINI TO PROVIDE TO CUSTOMER AS A RESULT OF A FORKED NETWORK AND GEMINI’S ABILITY TO DELIVER DIGITAL ASSETS RESULTING FROM A FORKED NETWORK MAY DEPEND ON THIRD PARTY PROVIDERS THAT ARE OUTSIDE OF GEMINI’S CONTROL. GEMINI DOES NOT OWN OR CONTROL ANY OF THE PROTOCOLS THAT ARE USED IN CONNECTION WITH DIGITAL ASSETS AND THEIR RELATED DIGITAL ASSET NETWORKS, INCLUDING THOSE RESULTING FROM A FORKED NETWORK. ACCORDINGLY, GEMINI DISCLAIMS ALL LIABILITY RELATING TO SUCH PROTOCOLS AND ANY CHANGE IN THE VALUE OF ANY DIGITAL ASSETS (WHETHER OF A FORKED NETWORK OR OTHERWISE) INCLUDING IF SUCH CHANGE IS CAUSED BY A CHANGE IN SUCH PROTOCOLS OR NETWORKS, AND GEMINI MAKES NO GUARANTEES REGARDING THE SECURITY, FUNCTIONALITY, OR AVAILABILITY OF SUCH PROTOCOLS OR DIGITAL ASSET NETWORKS. CUSTOMER ACCEPTS THE RISKS ASSOCIATED WITH CHANGES IN DIGITAL ASSET PROTOCOLS OR NETWORKS, INCLUDING FORKS. iv. In the event of a Fork of a Supported Network, Gemini will support the Forked Network that requires the greatest total threshold number of hash attempts to mine all existing blocks measured during the 48-hour period following a Fork (the “Greatest Cumulative Computational Difficulty”) and will retain the name and ticker of the Digital Asset that existed prior to the Fork. Customer agrees and understands that Gemini may, in its sole discretion, suspend oper...
Forks. The underlying protocols are subject to sudden changes in operating rules, and third parties may from time to time create a copy of a cryptocurrency network and implement changes in operating rules or other features (“Forks”) that may result in more than one version of a network (each, a “Forked Network”) and more than one version of a cryptocurrency (“Forked Assets”). You understand and acknowledge that Forked Networks and the available supply of any Forked Assets are wholly outside of the control of Apex Crypto, and you further acknowledge that our ability to deliver Forked Assets resulting from a Forked Network may depend on third-parties that are outside of our control. You understand and acknowledge that Forks may materially affect the value, function, and/or even the name of the cryptocurrencies you store in your Hosted Wallet(s). In the event of a Fork, you understand and acknowledge that Apex Crypto may temporarily suspend the Services (with or without advance notice to you) while we determine, at our sole discretion, which Forked Network(s) to support. YOU ACKNOWLEDGE AND HEREBY AGREE THAT APEX CRYPTO MAY DETERMINE, IN OUR SOLE DISCRETION, NOT TO SUPPORT A FORKED NETWORK AND THAT YOU HAVE NO RIGHT, CLAIM, OR OTHER PRIVILEGE TO FORKED ASSETS ON SUCH UNSUPPORTED FORKED NETWORK. YOU HEREBY FURTHER AGREE THAT APEX CRYPTO MAY, IN OUR SOLE DISCRETION, DETERMINE THE APPROACH TO SUCH FORKED ASSETS, WHICH MAY INCLUDE ABANDONING OR OTHERWISE ELECTING NOT TO SUPPORT SUCH FORKED ASSETS AS PART OF THE SERVICES. YOU UNDERSTAND AND HEREBY ACKNOWLEDGE THAT APEX CRYPTO IS UNLIKELY TO SUPPORT MOST FORKED NETWORKS AND THAT MOST FORKED ASSETS WILL LIKELY NOT BE MADE AVAILABLE TO YOU.
Forks. 9.1. You understand, acknowledge and agree that the underlying operating rules of certain Virtual Currency may change from time to time in such a way as to result in more than one related version of an existing Virtual Currency (each instance of any such change, a “Fork”). If a Fork occurs, it will result in the creation of a new Virtual Currency (the “New Forked Virtual Currency ”) related to an existing Virtual Currency (the “Prior Virtual Currency ”). As a result, we will hold an amount of the New Forked Virtual Currency proportional to our holdings of the Prior Virtual Currency. You further understand, acknowledge and agree that each Fork may materially affect the value, function, and/or name of the original Virtual Currency you hold in your Account and that the New Forked Virtual Currency may have minimal or no value. WE HAVE NO CONTROL OVER, NOR DO WE HAVE THE ABILITY TO INFLUENCE, THE CREATION OR IMPLEMENTATION OF A FORK OR OF THE NEW FORKED VIRTUAL CURRENCY. WE CAN PROVIDE NO ASSURANCES ABOUT THE SECURITY, FUNCTIONALITY OR SUPPLY OF ANY VIRTUAL CURRENCY, INCLUDING BOTH THE NEW FORKED VIRTUAL CURRENCY AND THE PRIOR VIRTUAL CURRENCY. YOU UNDERSTAND, ACKNOWLEDGE AND AGREE THAT WE ASSUME NO LIABILITY RELATING TO ANY CHANGE IN THE VALUE OF ANY VIRTUAL CURRENCY (WHETHER OR NOT RESULTING FROM A FORK). 9.2. If a Fork occurs, you understand, acknowledge and agree that we may temporarily suspend the operations of the Exchange Platform (with or without advance notice to you) while we determine, in our sole discretion, whether to support either or both of the New Forked Virtual Currency and the Prior Virtual Currency. In addition, while we will endeavor to make this determination expeditiously, we have the right to continue the suspension of the Exchange Platform for such length of time as we deem prudent in order to make such determination. You understand, acknowledge and agree that the Exchange Platform is unlikely to support trading in all New Forked Virtual Currencies. 9.3. You understand, acknowledge and agree that you have no right, claim or privilege in, or with respect to, any New Forked Virtual Currency. If we do not support a New Forked Virtual Currency, you may not be able to withdraw the New Forked Virtual Currency from the Exchange Platform promptly or at all; you may not be able to trade the New Forked Virtual Currency on our platform for fiat currency or other crypto assets; and you may lose any value associated with such New Forked Virtual Curr...
Forks. (a) The underlying protocols are likely to be subject to sudden changes in operating rules (ie forks, including Hard Forks). Forks may materially affect the value, function, and/or the name of Digital Assets you store in your Wallet Account. Where possible, we may provide you with notices or alerts on forks and you must read such notices or alerts received from us to consider how to deal with upcoming forks (b) It is your responsibility to make yourself aware of, and consider how to deal with, upcoming Forks. In the event of a Fork or other network disruption, there is a risk that we may need to temporarily suspend operations in relation to that Fork without providing advance notice to you. We may decline to support either or both branches of a Fork. You acknowledge the risks presented by Forks and you accept that we have no responsibility to assist you to move or sell an unsupported branch of a forked protocol and understand that the unsupported forked digital assets may not be made available to you. ▇▇▇▇▇▇▇▇▇▇.▇▇▇ is not responsible for any loss incurred by you caused in whole or in part, directly or indirectly, by a Fork or other network disruption.
Forks. The underlying protocols are subject to sudden changes in operating rules, and third parties may from time to time create a copy of a virtual assets network and implement changes in operating rules or other features (“Forks”) that may result in more than one version of a network (each, a “Forked Network”) and more than one version of a Virtual Asset (“Forked Assets”). You understand and acknowledge that Forked Networks and the available supply of any Forked Assets are wholly outside of the control of Leotus, and you further acknowledge that our ability to deliver Forked Assets resulting from a Forked Network may depend on third-parties that are outside of our control. You understand and acknowledge that Forks may materially affect the value, function, and/or even the name of the virtual assets you store in your wallet(s). In the event of a Fork, you understand and acknowledge that ▇▇▇▇▇▇ may temporarily suspend the Services (with or without advance notice to you) while we determine, at our sole discretion, which Forked Network(s) to support.
Forks. Unless explicitly contemplated by a Purchase Order, this Agreement shall not be construed to include the Cryptocurrency that resulted from a Fork of any Cryptocurrency.
Forks. In the event of a Fork or other network disruption, ▇▇▇▇▇▇▇▇▇▇.▇▇▇ may not be able to support activity related to your Virtual Currency. In the event of a Fork, the transactions may not be completed, completed partially, incorrectly completed, or substantially delayed. ▇▇▇▇▇▇▇▇▇▇.▇▇▇ is not responsible for any loss incurred by you caused in whole or in part, directly or indirectly, by a Fork or other network disruption.
Forks. We may temporarily suspend any Greenwood Services in relation to a particular Digital Asset while we determine whether or not to support a Fork. We are under no obligation to support a Fork of a Digital Asset that you hold in your Greenwood Account, regardless of whether any resulting version of such Forked Digital Asset is a Dominant Digital Asset or not. If we elect to support a Fork of a Digital Asset, we will make a public announcement through our Website or by such other means as we may deem appropriate. You acknowledge that we have no control over, nor do we have the ability to influence, the creation or implementation of a Fork. We can provide no assurances about the security, functionality or supply of any Digital Asset, including both the new Dominant Digital Asset or other Digital Assets subject to the relevant Fork. You may not be able to trade the Forked Digital Assets on the Platform and you may lose any value associated with the relevant Digital Assets.
Forks. You agree and understand that the underlying protocols of supported cryptocurrency networks are subject to changes in operating rules or other valid operational protocol (a so-called “Fork”) that may result in more than one version (each, a “Forked Network”) and SAFE holding an identical amount of cryptocurrency associated with each Forked Network. You further agree and understand that Forks may materially affect the value, function, and/or name of the cryptocurrency you may have with SAFE . In the event of a Fork, you agree and understand that SAFE may temporarily suspend our operations (with or without advance notice to you) while it chooses, in our sole and absolute discretion, which Forked Networks to support. You agree and understand that in our best estimation SAFE is unlikely to support most Forked Networks and that the cryptocurrency of most Forked Networks will likely not be made available to you. You acknowledge and agree that if SAFE determines in its sole discretion to not support a Forked Network (each, an “Unsupported Forked Network”) you have no right, claim, or other privilege to any cryptocurrency of the Unsupported Forked Network. With regard to an Unsupported Network SAFE may, in its sole discretion, elect to: a) Abandon or otherwise not pursue obtaining cryptocurrency of the Unsupported Forked Network; b) Determine your balance at the time of the Fork, account for the resulting cryptocurrency as your property, and make them available to you via a one-time withdrawal mechanism, subject to the withholding and retention by us of any amount reasonably necessary, as determined in our sole discretion, to fairly compensate us for the efforts expended to make such cryptocurrency available; or c) In rare circumstances, pursue and retain the resulting cryptocurrency as belonging solely to us. You acknowledge and agree that SAFE will only notify you in the event that it elects to pursue option (b). In order to ensure access to cryptocurrency related to both Forked Networks following a Fork, you must withdraw your cryptocurrency prior to any Fork.
Forks. In the event of a Fork or other network disruption, Paywiser Pte Ltd may not be able to support activity related to your Virtual Currency. In the event of a Fork, the transactions may not be completed, completed partially, incorrectly completed, or substantially delayed. Paywiser Pte Ltd is not responsible for any loss incurred by you caused in whole or in part, directly or indirectly, by a Fork or other network disruption.