The present Tax Solution Promo Rules (the “Rules”) govern the relation between you (“Client” or “you”) and any holding company, subsidiary or entity belonging to the Nexo group of companies (“Nexo” or “we”).
Nexo has partnered with Koinly Pte., registered in England and Wales under company number 12784455 (hereinafter referred to as “Koinly”), where eligible Nexo clients may benefit from Koinly’s discounted prices for its services. The Promo shall be conducted from 00:00 UTC on November 28, 2023, until 23:59 UTC on December 31, 2024 (hereinafter referred to as “the Promo Period”).
Unless stated otherwise, all capitalized terms used in this Rules shall, unless otherwise indicated herein, have the meanings ascribed to such terms in the Nexo Services General Terms or any of the relevant Nexo General Terms, made available on the Nexo Platform (“General Terms”).
Any issues which are not settled hereby shall be governed by the General Term of the relevant Nexo Service. In case of any discrepancies between the present Rules and any of the General Terms in Art. 1.3, the latter shall prevail.
II. Onboarding
Clients who comply with the Rules and the General Terms and are not residents or citizens of the USA, residents of Canada, or any other jurisdictions where we have restricted all of the Nexo Services.
By accepting the present Rules, you declare full and unconditional consent to the Rules and agree to accept as final and binding all Nexo’s decisions with regard to the Rules.
III. Mechanism
To use Koinly’s services Clients shall sign up to Koinly via Nexo’s single sign-on (“SSO”) integration throughout the Nexo Platform. In order to continue with the sign-up registration and receive the services offered by Koinly, each Client must agree to share their Personal Data and transaction data with Koinly. After a successful synchronisation between the platforms, the Client can choose to engage further with the services offered by Koinly.
IV. Discount
Subject to fulfilling all required steps stated in Article 3, Clients will benefit from the following prices:
a 100% discount on Koinly’s service fees for Clients having up to 800 transactions annually;
a 30% discount on Koinly’s service fees for Clients having over 800 transactions annually.
In this section, 'transactions' refers to all crypto activities conducted within the pertinent tax year within the Nexo Platform that have resulted in recorded transactions. To avoid doubt, transactions include but are not limited to Digital Assets top-ups, Exchange Transactions, withdrawals, closing of Future Contracts, Nexo Crypto Credit withdrawals and repayments, Earn Interest, Stacking Rewards, and any features deriving from the listed functionalities. Once you have successfully registered with Koinly any and all transactions you have made with Nexo shall be automatically shared with Koinly. Koinly will calculate the final number of transactions based on the number of transactions synced with or uploaded to Koinly as at the time you purchase your tax plan.
Unless in the event of explicit renewal of Nexo and Koinly’s partnership, all requested and subscribed by the Clients services, offered by Koinly, still active shall be billed per Koinly’s Terms and Conditions and available pricing information on their platform.
V. Rights Reserved by Nexo
Nexo reserves the right, at its sole discretion, to cancel, terminate, modify or suspend the Discount before the end of the Promo Period at any time and without notice.
VI. Disclaimers
Nexo is not responsible for providing any of Koinly’s services and shall not address any complaints the Clients may have about them. Your use of Koinly’s services are exclusively governed by Koinly’s terms and conditions that apply to those services.
By making Koinly’s services available to you through the Nexo Platform and Nexo App, Nexo is not acting as your agent nor an agent of Koinly and is not providing legal advice, tax advice, audit advice, accounting advice, financial planning or investment advice, or brokerage advice under the guidance of a licensed professional. Using Koinly, you are not being represented by a legal professional, tax advisor, financial planner, broker, or other regulated advisors.
Nexo will not be liable for claims arising regarding any failure or breach of duty for goods or services provided by third parties such as those offered by Koinly.
Events beyond Nexo's control may occur that render access to Koinly’ services impossible. Accordingly, Nexo will not be liable for any loss, whether directly or indirectly suffered, due to an event outside of its control.
VII. Personal Data
To make Koinly’s services available to you through the Nexo Platform and the Nexo App and for Koinly to provide its services to you, Nexo needs to process and share your personal data (your full name and e-mail) and all of your transaction data with Koinly. By accepting the present Rules, you hereby acknowledge and expressly consent to the sharing of your personal data with Koinly. All personal data processing carried out by Nexo shall be done in compliance with the Privacy Policy that applies to your Nexo Account. Koinly will also need to process your personal data in order to provide you with Koinly services. Please read Koinly’s Privacy Policy to understand more about what personal data they will process when you use the Koinly services and how they will share and protect your data.
VIII. Others
Nexo, at its sole discretion, can amend the Rules at any time, whereas all amendments shall become effective as of the date of publication of the amended version of the Rules on the Nexo Platform.
Any notice required or made under these Rules by any Client to Nexo shall only be made via e-mail in English to [email protected]. Any notice required or made under these Rules from Nexo to any Client shall be considered validly received when addressed to the Client’s last provided email address, mailing address or phone number.
To the extent permitted by law, these Rules shall be exclusively governed by and construed in accordance with the laws of the Cayman Islands. Any disputes arising out of or in connection with these terms shall exclusively be submitted to and dealt with by the competent court in Grand Cayman, Cayman Islands.
