Validation Rights definition
Examples of Validation Rights in a sentence
User will forfeit and permanently lose all right and title to and interest in 5% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens.
User will forfeit and permanently lose all right and title to and interest in 5% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens.
User will forfeit and permanently lose all right and title to and interest in 1% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens.
User will forfeit and permanently lose all right and title to and interest in 0.01% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens.
User will forfeit and permanently lose all right and title to and interest in 0.03% of the User’s Stake, the Validation Rights and Voting Rights associated with such Tokens and all future Block Rewards and Transaction Fees that User could otherwise have earned by exercising Validation Rights with respect to those Tokens.
User entering into these Terms and User's Delegation of its Validation Rights to P-OPS Team does not constitute, and would not reasonably be expected to result in (with or without notice, lapse of time, or both) a breach, default, contravention or violation of any Law, regulation, decree or legal restriction, tax regulation or obligation, or any order or judgment of any court or other agency of government applicable to User, or contract or agreement to which User is a party or by which User is bound.
During the times that P-OPS Team is selected on the Network to run a Validator Node, P-OPS Team provides services to the User by enabling the User to exercise its Validation Rights on the Network through P-OPS Team’s Validator Node in exchange for Service Fees.
P-OPS Team's liability for damages under these Terms shall in any case be limited to, and under no circumstances shall exceed, the portion of Service Fees actually received by P-OPS Team that demonstrably arose by virtue of the User's particular Delegation of its particular Validation Rights to P-OPS Team.
User shall not share or provide a copy of, or transfer to, any Person the private key associated with any tokens with respect to which Validation Rights are Delegated to P-OPS Team without notifying such Person that such Person shall be bound by and become a party to these Terms by virtue of making any use of such private keys while such Delegation remains in effect.
User has conducted its own thorough independent investigation and analysis of the Network and the other matters contemplated by these Terms in determining to Delegate any Validation Rights or Voting Rights to P-OPS Team and enter into these Terms, and has not relied upon any information, statement, omission, representation or warranty, express or implied, written or oral, made by or on behalf of P-OPS Team in connection therewith.