Terms of Use

Article 1 (Purpose)

The purpose of these Terms of Service (hereinafter "Terms") is to stipulate the necessary matters between the Company and the Member in using all services (hereinafter "Services") provided by Bloomingbit (hereinafter "Company"), including the virtual asset (cryptocurrency) social investment information platform service.

Article 2 (Definitions)

The terms used in this Agreement are defined as follows.

1. "Member" means a person who concludes a use contract in accordance with these Terms and Conditions and uses the services provided by the Company.

2. "User" means a member or non-member who accesses the Service and uses the Service provided by the Company.

3. "Account" means the identification information granted to the Member by the Company when the Member applies for registration to use the Service.

4. "Post" means all contents registered by the Member in the Service, such as the user ID set by the Member, symbols posted on the Service, information in the form of text, voice, sound, image, video, and various files and links.

5. "Membership" means a service that members can subscribe to by fulfilling certain conditions, and is a membership subscription service that allows members to use certain services and functions using STAT.

6. "Restricted Member" means a Member who is restricted from using BloomingBit due to violation of BloomingBit's Terms of Use, Operating Policy, etc.

7. Terms used in these Terms that are not defined in this Article shall be defined in the relevant laws and regulations and service-specific guides, and otherwise shall be in accordance with general customs.

Article 3 (Posting and Revision of Terms)

1. The Company shall post the contents of these Terms on the initial screen of the official website of the Service (http://bloomingbit.io) so that members can clearly recognize the contents of these Terms.

2. The Company may change all or part of these Terms if necessary for the operation of the Service, within the scope that does not violate the relevant laws and regulations.

3. If the Company revises these Terms, the Company shall notify the revision of these Terms at the same time as announcing the revision of these Terms, and from the date of notification to 7 days before the effective date of the revised Terms. However, if the revision is unfavorable or material to the Member, the Company shall notify 30 days prior to the effective date.

4. If the Member does not expressly express his/her refusal to apply the revised Terms even though the Company has announced and individually notified the contents of the revised Terms in the above manner, the Company shall deem that the Member has agreed to the revised Terms.

5. The Member has the right to disagree with all or part of the revised Terms and Conditions, and if the Member disagrees with the revised Terms and Conditions, the Member may terminate the Service Agreement by withdrawing from membership.

Article 4 (Operating Policy)

1. The services operated by the Company are basically subject to these Terms and Conditions, and separate service terms and operating policies may be established for various individual services. In addition, the Company may delegate the terms and conditions and operating policies of individual services to operating principles, notices, etc. and post them to members for easy access.

2. For some additional services, additional terms and conditions ("Additional Terms") may be established to establish specific contents and regulations reflecting the characteristics of such services, and the Additional Terms shall be applied with separate consent from the members using the additional services.

3. If the contents of the separate service terms and conditions or additional terms and conditions conflict with these Terms, the separate service terms and conditions or additional terms and conditions shall take precedence.

Article 5 (Membership)

1. Membership shall be completed when a person who intends to use the Service (hereinafter referred to as the "Applicant") agrees to the contents of these Terms and Conditions and completes the application for membership in accordance with the procedures set forth by the Company, and the Company approves such application.

2. The Company may not approve an application that falls under any of the following items. In addition, if any of the following reasons are confirmed even after approval, the Company may take measures to immediately terminate the membership.

1) If the applicant has previously lost membership under these Terms. However, there is an exception in the case of obtaining the company's consent to rejoin membership.

2) The applicant has applied for membership using another person's information.

3) The applicant provides false information or fails to provide the information requested by the Company.

4) If the applicant is under 14 years of age

5) If the application cannot be approved due to reasons attributable to the applicant, or if the application is made in violation of other stipulated conditions.

6) If the applicant applies for the purpose of interfering with or disrupting social order and public order and morals

7) If the user intends to use the Service for the purpose of utilizing the Service for his/her own commercial business without the consent of the Company.

8) If the application is made in violation of the matters stipulated in these Terms and Conditions or other membership requirements set by the Company are insufficient.

9) If it is difficult to approve membership due to lack of service facilities or obstacles, etc. (In this case, if the service facilities are met and the obstacles are resolved, you can approve again.)

10) If it is difficult to approve the use for other unavoidable reasons.

In the application under Paragraph 1, the Company may request the applicant to verify his/her real name and identity through a specialized organization.

3. The time of establishment of subscription shall be when the Company indicates the completion of subscription in the application process or when the notification in accordance with Article 12 reaches the applicant.

Article 6 (Measures Upon Withdrawal of Membership and Disqualification)

1. If a member terminates the use contract or withdraws consent to the processing of personal information pursuant to Article 18, Paragraph 1, the Company shall immediately delete the information in accordance with the Privacy Policy; however, if the following conditions apply, the Company shall delete the personal information immediately after the reason ends.

1) If there is an ongoing investigation or inquiry by a related organization regarding a legal violation, immediately after all such investigations and inquiries are concluded

2) If any issues such as debts or liabilities related to the use of the website remain, upon completion of the settlement of such issues.

2. If a member withdraws, STAT remaining in the personal account must be transferred to the personal wallet by the member himself.

Once a member applies to withdraw from the service, the withdrawal will be processed immediately, and STAT remaining in the account after withdrawal will be irretrievably and automatically destroyed. Therefore, members must transfer STAT to their personal wallet before applying for withdrawal.

Members are deemed to agree to the above when applying to withdraw from the Service.

3. The Company restricts the re-registration of members who have caused damage to other members through fraudulent or malicious use for a maximum of 5 years, and for this purpose, the Company retains duplicate identification information (DI) for a maximum of 5 years.

4. The Company may limit, suspend, or permanently terminate a Member's membership if the Member falls under any of the following reasons.

1) If it is confirmed that the member has entered false information when registering for membership

2) If you interfere with other users' use of the Service or harm the order of e-commerce, such as using personal information without authorization

3) If you engage in any behavior on the Service that is prohibited by laws or terms and conditions or harms social order.

4) In case of violation of other operating policies and terms and conditions set by the Company

Article 7 (Provision and Modification of Services)

1. Services provided by the Company may include the following

1) Services to view and use various contents provided on the Platform

2) A service that allows users to view or search for market prices and information related to virtual assets

3) Services that provide various quotes and investment information related to the financial market

4) Community-related services that enable information sharing and communication among users

5) Membership-only services that provide additional benefits to users who meet certain conditions

6) All other services independently developed by the Company or provided to users through partnerships.

2. If the contents of the Service are changed, the Company shall notify the Member at least 7 days prior to the scheduled date of change in accordance with Article 12, Paragraph 2, and shall not be liable for any damages caused by the Member's failure to view the notice (however, in the case of changes that are unfavorable or significant to the Member, the Member shall be notified individually 30 days prior to the effective date).

3. The Service is a social network (SNS) service in which members individually share and discuss their investment history in virtual assets with other members, and therefore does not constitute a pseudo-investment advisory service, investment advisory service, or investment advisory service for financial investment products under the Act on Capital Market and Financial Investment Business, and any activity that may constitute a pseudo-investment advisory service, investment advisory service, or investment advisory service by members is prohibited. 

4. Members utilize the Service to directly execute investment activities in virtual assets at their own risk and calculation. The Company only provides infrastructure such as system solutions and programs that provide indirect information necessary for members' direct investment activities.

5. The Company does not collect and manage members' assets through the Service, nor does it make investment judgments on behalf of individual members or engage in investment activities with members' assets. The Company does not solicit investment activities in virtual assets, nor does it provide investment advice or investment management for virtual assets.

6. The Company provides services to members from the time the service contract is concluded. However, for some services, the Company may start the service from a specific date in the future depending on the needs of the Company.

7. The Company may differentiate the use of the Services by categorizing the level of the Member and subdividing the time of use, the number of times of use, and the scope of the Services provided.

8. The services provided by the Company include free services and paid services, and members who wish to use the services provided for a fee can choose various plans, options, etc. provided in each service.

9. The Company may make changes to the content, operation, or technology of the Services.

10. The Company may modify, discontinue, or change any or all of the services provided free of charge due to the needs of the Company's policies and operations, and shall not compensate members for such changes unless otherwise specified in relevant laws and regulations.

Article 8 (Interruption of Service)

1. The Company may temporarily suspend the provision of the Service in the event of maintenance, inspection, replacement, breakdown, failure, interruption of communication, or reasonable reasons for operation of information and communication facilities such as computers.

2. In the case of the preceding paragraph, the Company shall notify the Member in accordance with Article 12. However, if there is an unavoidable reason that the Company cannot notify in advance, the Company may notify afterward.

3. The Company shall not be liable for any damages to the Member caused by the suspension of service provision pursuant to Paragraph 1 unless the Company is intentionally or negligently negligent.

Article 9 (Account Management)

1. Members shall keep their information accurate and up to date when using the Service, and shall immediately correct any changes to the information. The Company shall not be liable for any disadvantages caused by the Member's neglect to change the information or the posting of incorrect information.

2. The Account may only be used by the Member, and it is prohibited to allow or transfer the use of the Account to others. Members are responsible for thoroughly managing their login information, including their account password, to prevent unauthorized access by others. If a Member becomes aware of any unauthorized use of his/her account, he/she shall immediately notify the Company through the Customer Center, and the Company may take necessary protective measures, such as restricting the use of the account, promptly after receiving the notification.

3. In principle, the Member ID cannot be changed, and if the Member wishes to change the ID, he/she must cancel the existing account and register a new one; however, if the Member re-registers via the same email, the new registration can be made after 30 days from the date of cancellation.

4. If the registration information such as ID, nickname, etc. set by the Member falls under any of the following items, the Company may change it or restrict its use upon the Member's request or at the Company's discretion.

1) If the name is offensive to others, violates social ethics, or is inappropriate in terms of privacy protection

2) If you use a name that may be confused with the Company or its services, operators, or administrators

3) In other cases where the Company determines that changes or restrictions are necessary for legitimate reasons.

5. The Company shall not be liable for any damage caused by unauthorized use of the Account by a third party due to the Member's failure to properly manage personal security information such as passwords, unless there is an obvious reason for the Company's liability.

Article 10 (Obligations of the Company)

1. The Company shall not engage in any act prohibited by the relevant laws and these Terms and Conditions or contrary to public order and morals, and shall endeavor to provide continuous and stable services to the Members to the best of its ability.

2. In order to provide stable services, the Company shall repair or restore the facilities as soon as possible without delay unless there are unavoidable reasons, even if the facilities are damaged or destroyed without any cause attributable to the Company.

3. The Company establishes a security system to protect the personal information of members so that members can use the service safely, and complies with the Privacy Policy.

4. The Company shall resolve any opinions or complaints raised by members through appropriate procedures if they are objectively recognized as justified. However, if it is difficult to resolve immediately, the user shall be notified of the reason for the unresolved issue and the processing schedule

Article 11 (Obligations of Members)

1. Members shall comply with the matters stipulated in these Terms and Conditions, other regulations set by the Company, and matters notified by the Company. Members shall not engage in any acts that interfere with the Company's business or damage the Company's honor.

2. If the member's address, contact information, email address, etc. change, the member must modify it on the homepage or mobile app. The member is responsible for any damage caused by failure to modify or delay in modification.

3. When selecting a member's ID, user ID, and other names used within the Service, the member shall not use any of the following items.

1) Impersonating the operator of the service provided by the Company or using a similar name to confuse other users.

2) Use of a name that contains sensational, illegal, insulting, or violent content

3) Use of names that are likely to violate trademark rights or copyrights of other third parties

4) Use of names that are judged to be empty or slang, or that contain contents that are antisocial or in violation of relevant laws and regulations.

4. Members may not transfer the right to use the Service or other contractual status to others without the express prior consent of the Company, and may not pledge intangible assets on the Service as collateral.

5. Members shall not use the services provided by the Company for any purpose other than the intended use.

6. Members are prohibited from engaging in any of the following acts, and if they do so, the Company may impose sanctions including restricting the member's use of the service, deleting the member's ID, or taking other lawful measures such as reporting to law enforcement agencies, in accordance with these Terms and Conditions and the operating policies announced.

1) Falsifying personal information when registering for membership or changing information, or stealing or illegally using other people's personal information, etc.

2) Buying or selling or inducing others to buy or sell member IDs, nicknames, cyber assets (all kinds of digital assets, including cash, virtual assets, checks, coupons, etc.

3) Impersonating the Company's management or employees

4) Conducting promotional activities within the Service or using the Website without the prior consent of the Company.

5) Changing the Company's client program without receiving special rights from the Company, hacking the Company's server, or making arbitrary changes to the website or posted information in part or in whole, or using the Company's services in an abnormal way.

6) Exploiting bugs in the Company's app or web

7) Causing pain, damage or inconvenience to other members, such as threatening or harassing other members or extorting digital assets and goods, etc. or collecting or storing personal information of other members

8) Reproduce information obtained through the Service for purposes other than using the Service, use it for publication and broadcasting, or provide it to a third party without the prior consent of the Company.

9) Transmitting, posting, e-mailing, or otherwise disseminating to others information, sentences, shapes, sounds, or videos with vulgar or obscene content that violates the Youth Protection Act or criminal law

10) Transmitting, posting, e-mailing, or otherwise disseminating to others any content that infringes on the patents, trademarks, trade secrets, copyrights, or other intellectual property rights of others.

11) Transmitting, posting, e-mailing, or otherwise disseminating to others any content that may infringe on the honor or privacy of others because it is grossly offensive or personal in nature.

12) Any act that changes the usage method, planning intention, or abnormally harms or intentionally interferes with the services provided by the Company.

13) Any act that may constitute a pseudo-investment advisory business, investment advisory business, or investment management business

14) Acts that violate any regulations or conditions of use set forth by the Company, including these Terms and Conditions, and acts that violate other relevant laws and regulations.

Article 12 (Notification to Members)

1. The Company may provide various information deemed necessary for the use of the Service to the Member by posting it on the Service screen or notifying the Member by email, text message, or written notice.

2. The Company may replace individual notifications by posting them on the notice board when notifying unspecified members. However, the Company shall confirm individual notification and consent in the manner described in Paragraph 1 for matters that significantly affect the rights and obligations of the Member or matters that are disadvantageous to the Customer, and if the Company notifies the Member that if the Member does not express his/her consent or refusal when notifying the contents of the individual notification, the Member may be deemed to have consented to the contents of the individual notification.

3. The Company may collect and process additional personal information with the separate consent of the Member for the purpose of improving the Service and introducing the Service to the Member.

Article 13 (Management and Deletion of Posts)

1. The Company values Member's posts and protects them to the best of its ability from being altered, damaged, or deleted. However, if any of the following cases apply, the Company may delete the post without prior notice, and may restrict, suspend or lose the qualification of the member in accordance with Article 9, Paragraph 4 of these Terms and Conditions.

1) Content that is grossly insulting or defamatory to other members or third parties

2) Disseminating or linking to content that violates public order and morals

3) Content that promotes piracy or hacking

4) If it is an advertisement for profit

5) Content that is objectively recognized to be connected to a crime

6) Content that infringes on the copyright, portrait rights, or other rights of other members or third parties

7) Contents that are offensive to others or cause disputes between members, and such disputes are judged to interfere or hinder the company's business.

8) If it violates the posting principles stipulated by the company or does not conform to the nature of the bulletin board

9) In the event that posting outside the purpose of posting, such as multiple duplicate postings of the same content, interferes with the normal operation of the bulletin board.

10) If it is deemed to be in violation of other relevant laws and regulations

2. The Company may temporarily restrict access to relevant posts until the legal judgment (investigation results, court decision, etc.) of the matter is finalized if a user or a third party who claims infringement of legal rights due to the post files a civil or criminal action and requests the deletion of the post or blocking of access.

Article 14 (Post Management and Copyright)

1. The Company may separately establish detailed guidelines for the registration and management of posts, and Members shall register posts in accordance with such guidelines.

2. The copyright and intellectual property rights of all contents, including posts created by the Company, belong to the Company.

3. Members may not reproduce, distribute, transmit, broadcast, or provide to third parties for commercial purposes any information copyrighted by the Company without the prior permission of the Company.

4. The copyright of the posts posted by the Member within the Service belongs to the Member who posted it. However, the member grants the Company a non-exclusive license to use the posts created and posted by the member for the purpose of operating, displaying, transmitting, distributing, or promoting the Service. The license is as follows, and the grant of license is valid for as long as the Company operates the Service and survives the Member's withdrawal.

1) reproduce, modify, display, distribute, publish, or create derivative works of the Member's postings within the Service

2) To reproduce, edit, reorganize the contents of the posts registered by the member for the operation of the Service, or to transmit, disclose, distribute, or otherwise use them within the Service

3) Providing member posts to partner companies such as media or telecommunications companies for use (in this case, the Company does not provide personal information other than the member's nickname).

5. The Company shall notify the Member in advance to obtain consent to use the Member's Postings in any manner other than as set forth above.

6. The Company may delete without prior notice the contents of the Service posted or registered by the Member if the Company determines that the contents fall under each of the subparagraphs of Article 13, Paragraph 1. However, the Company shall notify or announce the reason and date of deletion after deletion.

7. In case of operational necessity such as company merger, service transfer, or site integration, the Company may relocate the posting location without changing the content of the posting.

Article 15 (Disclosure of Advertisements and Transactions with Advertisers)

1. The Company may deliver advertisements necessary for the operation of the Service in various ways, such as on the Service page or by email, text, or telephone, and Members may refuse to receive unwanted advertisements. In addition, Members agree that the contents of the posts registered by them may be utilized for advertisements by the Company or exposed in the Service.

2. The Company shall not be liable for the Member's participation in any advertisements or advertisers' promotional activities displayed within the Service, or for any transactions arising therefrom, or for any loss or damage incurred in connection therewith, unless the Company is intentionally or negligently negligent.

Article 16 (Compensation for Damages)

1. The Company shall not be liable for any damages incurred by the Member in connection with the use of paid or free services provided by the Company unless there is intentional or gross negligence on the part of the Company.

2. The Company shall compensate the Member for damages caused by the suspension or failure of the paid service in accordance with the internal policy set by the Company.

3. In the event that the Company enters into an affiliation agreement with an individual service provider to provide individual services, and the Member agrees to the terms and conditions of the individual service, the individual service provider shall be responsible for the related damages if damages occur due to reasons attributable to the individual service provider.

Article 17 (Company's Liability and Disclaimer)

1. The Company shall not be liable if the Service cannot be provided due to wars, events, natural disasters, national emergencies, technical defects that are difficult to solve, DDoS attacks, telecommunications service suspension or failure to provide telecommunications service normally by the telecommunications service provider, or other force majeure reasons without the Company's fault.

2. The Company shall not be liable for any suspension or failure of the Service due to unavoidable reasons such as repair, replacement, periodic inspection, construction, or testing of the facilities for the Service announced in advance, improvement process or error during the provision of the Service for testing purposes.

3. The Company shall not be liable for any suspension or interruption of the Service due to reasons attributable to the Member.

4. The Member shall be responsible for the security of the items (e-mail, mobile phone number, etc.) and password registered by the Member in connection with the services provided by the Company, and the Company shall not be liable for any damages caused by the leakage of Member information such as ID, password, etc. that is not the intention or negligence of the Company.

5. The Company is not responsible for any problems caused by the environment of the Member's computer or terminal device or any problems caused by the network environment for which the Company is not responsible. The Company is also not responsible for the reliability, accuracy, etc. of the information, data, facts, etc. posted or transmitted by the Member within the Service or on the Website.

6. The Company does not intervene in any problems or disputes arising from the use of the Service between members or between members and third parties, and the Company shall not be liable for any damages arising therefrom.

7. The Company shall not be liable for any damages incurred by users due to documents created by other users or third parties, or posts on the Site, information provided, or materials transmitted.

8. The Company shall not be liable for any problems arising from domestic members using services separately provided for international users.

9. If the Company receives any claims or lawsuits for damages from third parties other than the Member due to illegal acts committed by the Member in using the Service or violations of these Terms and Conditions, the Member shall be obligated to indemnify the Company at his/her own risk and expense.

10. The reason for limiting the Company's liability applies not only when the Member wishes to exercise the right to contractual damages, but also when the Member exercises the right to statutory damages for tortious acts.

Article 18 (Termination of Use Agreement and Withdrawal of Membership)

1. If a member wishes to stop using the service or withdraw his/her consent to the terms and conditions at any time, he/she may request termination through the withdrawal menu in the service or through the customer center, and the company will immediately process it in accordance with relevant laws and regulations. However, the Company shall not be liable for any damages caused by the Member's request for termination, and the benefits provided by the Company at the time of termination may be canceled or recovered by the Company.

2. If a member violates the obligations of these Terms and individual Terms of Service more than once, or if the restrictions on service use are not lifted, the Company may suspend the account or terminate the use contract after prior notice.

3. Upon termination of the Use Agreement, the Company shall immediately delete the Member's information, except in cases where the Company is obligated to preserve it by law, and the Member shall not be entitled to demand the provision of the deleted information.

4. You may apply for re-subscription after termination, but there may be restrictions for a certain period of time set by the Company.

5. If you wish to delete your registered posts or comments, you must delete them manually before applying for withdrawal, as they will not be automatically deleted.

6. Members whose use is restricted or their contract is terminated due to policy violations may file an appeal by contacting customer service.

7. The Company reserves the right to refuse to rejoin any Member whose use has been restricted in accordance with these Terms and Policies.

Article 19 (Interpretation of these Terms)

Any matters not specified in these Terms and Conditions shall be determined by agreement between the Company and the Member, and in the event of disagreement, the relevant laws and regulations or common practice shall apply.

Article 20 (Governing Law and Jurisdiction)

1. The laws of the Republic of Korea shall govern any disputes between the Company and the Member.

2. Lawsuits regarding disputes between the Company and the Member shall be filed with the competent court under the Civil Procedure Act.

3. Any matters not specified in these Terms shall be governed by the provisions of the Basic Telecommunications Act, the Telecommunications Business Act, the Act on Promotion of Information and Communications Network Utilization and Information Protection, the Juvenile Protection Act, and other relevant laws of the Republic of Korea.

Announcement Date : March 25, 2025

Effective Date: March 31, 2025

These Terms will be applied from March 31, 2025. 

However, members who join after the date of this notice will be subject to the revised Terms from the time they join.

The original version of these Terms is written in Korean, so if there is any difference between the original Korean version and the English translation, the original Korean version shall take precedence.