# User Agreement **Scope & Parties** NewCoin Ltd. (the “Company”), an international business company formed in the Republic of Seychelles, with registration number 240257, operates a platform providing blockchain-related services (the “Service(s)”). The official website is [https://www.6n.com](https://www.yubit.com) (the “Website”). For convenience, “NewCoin,” “we,” or “us” refers to the Company and the Website; “you” refers to any individual or entity that accesses or uses the Website and Services. Collectively, you and NewCoin are the “Parties,” and each a “Party.” > If multiple language versions of this Agreement are provided, **the Chinese version controls** in case of conflict or omissions. *** ### Important Notices 1. Digital assets are **not issued** by any financial institution, company, or by this Website. 2. Digital asset markets are **new, unverified, and may not grow**. 3. Digital assets carry **significant risks** and can be highly volatile. 4. Changes to laws/regulations may **suspend or prohibit** digital asset trading at any time. Digital asset trading is **not suitable for most people**. You should only trade what you can afford to lose and accept all risks, including unforeseen risks. You are solely responsible for your decisions and losses; NewCoin bears no liability for such losses. **Advisories** * NewCoin is an **information and matching venue** where you obtain asset information, locate counterparties, negotiate, and transact. We do **not** participate in your transactions. You are solely responsible for verifying the **truthfulness, legality, and validity** of information and for all outcomes. * NewCoin does **not** provide investment advice. Make independent, prudent decisions. * If NewCoin determines you **breach** this Agreement or your use is **illegal** under your local laws, we may **suspend or terminate** Services at any time. * [**www.6n.com**](http://www.yubit.com) is the **only official** public information channel. * **Prohibited**: money laundering, smuggling, commercial bribery, and all illegal activities. We may freeze accounts and notify authorities; we bear no liability and reserve all rights to pursue responsibility. * **Prohibited**: market manipulation, improper trading, or unethical behavior. We may warn, restrict trading, or close accounts to protect market order and assume no liability while reserving all rights. *** ### 1. General Terms 1.1 This Agreement consists of the main text plus the **Privacy Policy**, **User Anti-Money Laundering Policy**, and any present or future rules, statements, or notices issued by NewCoin (together, the “Agreement”).\ 1.2 Read this Agreement carefully before using the Services. If you **disagree**, stop using the Services. By logging in, using the Services, or clicking “Agree,” you confirm you have read, understood, and accepted this Agreement (including any future updates).\ 1.3 Registration is completed when you submit required information and click “Agree.” Clicking “Agree” forms a binding **electronic agreement**; no handwritten signature is required.\ 1.4 After registration you will receive an **account and password**, which you must safeguard. You are legally responsible for all activities under your account.\ 1.5 Only registered users may access the trading platform and user-only Services.\ 1.6 By registering/using the Services, you represent that you: * Accept all terms of this Agreement; * Are **18+** or of legal contractual age under applicable law; your use complies with laws of your jurisdiction; * Own all digital assets you trade and that they are **lawfully obtained**; * Are solely responsible for your trading/non-trading actions and their outcomes; * Provided **true and accurate** registration information; * Will comply with tax laws, including reporting any gains; * Will not engage in activity that harms NewCoin interests; * Understand this Agreement governs only you and NewCoin, not legal relations with other users or third-party sites. *** ### 2. Amendments We may amend this Agreement from time to time by **posting on the Website** (no separate notice required). The effective date will appear on the Agreement’s first page. Continued use after changes means **acceptance**. If you disagree, cease use immediately. *** ### 3. Registration **Eligibility**\ You must be a natural person with full civil capacity (or a duly formed entity) under applicable law. If you lack eligibility, you bear all resulting consequences; NewCoin may cancel or permanently freeze your account and seek remedies. You further represent you are **not** listed on FATF sanctions lists, OFAC Specially Designated Nationals (SDN), or any trade/economic sanctions list (including UN Security Council sanctions). NewCoin may restrict or refuse Services in certain markets at our discretion. **Purpose**\ You register for lawful use, not to disrupt market order. **Process**\ Provide a valid email, mobile number, and any KYC information required by law (e.g., legal name, ID, etc.). Keep information **accurate and updated**. You are responsible for any loss arising from false or incomplete information. Where real-name SIM registration is required, you must use a registered mobile number. You consent to receive operational **emails/SMS** from NewCoin. *** ### 4. Derivatives (Contract) Trading Rules **Principles**\ Rules aim to ensure **fair, open, and just** markets and protect investors. **Applicability**\ These rules apply to contract trading on NewCoin; if not specified, the **User Agreement** and other NewCoin rules prevail. **Risk Controls** * Contract trading is risky. Price volatility may trigger **liquidation** of your entire margin. NewCoin is **not liable** for your losses. * NewCoin may **monitor risk** in real time and take measures including (without limitation): “reduce-only” restrictions, dynamic parameter adjustments, transfer/trading bans, forced liquidations, etc. **“Reduce-Only” Trigger (for USDT-M contracts)**\ If your position is large and near liquidation, the system may set the contract to **Reduce-Only** and notify you by email. The restriction will auto-lift within \~10 minutes if any of the following occurs: * Your restricted position size is **reduced by ≥30%**; * You **add margin** reducing margin ratio to **≤50%**; * Your **liquidation price** moves ≥20% away from the current mark price. *** ### 5. Services NewCoin provides an **online platform** only. We are **not** a buyer/seller of digital assets, and we do **not** provide fiat deposit/withdrawal services. #### 5.1 Your Rights * View real-time markets and submit orders to complete trades; * Access your account information and use platform features; * Participate in platform activities per posted rules; * Receive other Services as NewCoin may provide. #### 5.2 Your Obligations (Service Rules) * Comply with all laws and ensure your assets are **lawfully sourced**. Do not use the Services for illegal activity or to harm NewCoin/third-party rights. * Keep your account credentials (login/withdrawal passwords, phone, verification codes) **secure**. You bear all responsibility for actions taken under your account. Notify us immediately of unauthorized use; NewCoin is not responsible for losses incurred **before** we act. Do not transfer your account without our consent. * You are responsible for all actions under your account, including electronic consents, renewals, and purchases. * Do not disrupt trading order, attack the Website, or defame NewCoin. * Do not compel NewCoin to provide information through extra-judicial means in user disputes. * You are responsible for **taxes** and all costs (hardware, software, services) arising from your use. * Follow this Agreement and all updated rules; you may terminate use at any time. #### 5.3 Product/Trading Rules * **Viewing Orders:** Review price, size, fees, side, etc., and accept all terms before placing. * **Placing Orders:** Submitting an order **authorizes** NewCoin to match/execute when market meets your limit/conditions; execution may occur without prior notice. * **Trade Records:** View execution details in your account center. * **Cancel/Amend:** You may cancel or amend **before** execution. *** ### 6. NewCoin Rights & Duties * We may refuse, cancel, or freeze accounts lacking eligibility; seek remedies where appropriate. * If we deem you unsuitable for high-risk trading, we may **suspend/terminate** your account(s). * If information appears false/incomplete, we may request corrections or **suspend/terminate** Services. * We may correct **obvious errors** on the Website. * We may modify, suspend, or terminate Services at any time (effective upon posting). * We will take necessary technical and administrative measures to maintain normal operations, provide a reliable trading environment, and adjust parameters (e.g., funding rates) as needed to maintain market order. * We invest in security and will **notify you** of foreseeable risks. * We may remove content that violates law or platform rules **without prior notice**. * We may request additional information to comply with your local regulations and may **suspend or terminate** Services where required. *** ### 7. Indemnification * NewCoin **maximum direct liability** to you shall not exceed the total fees you paid to use the Services during the **three (3) months** preceding the event. * If you breach this Agreement or applicable laws, you shall indemnify NewCoin for **at least USD 2,000,000** plus all costs (including attorneys’ fees). If losses exceed this amount, you must **make** NewCoin **whole**. *** ### 8. Injunctive Relief Both Parties acknowledge that monetary damages may be inadequate. The non-breaching Party may seek **injunctive relief** and any other remedies at law or equity. *** ### 9. Limitation of Liability & Disclaimers NewCoin is **not liable** for (including but not limited to): loss of revenue, trading profits, contracts, business interruption, anticipated savings, data, opportunities, goodwill, reputation, replacement costs, or any **indirect/special/incidental** losses whether foreseeable or not, and whether or not notified in advance. We are not liable where we have reasonable grounds to suspect illegality/violation; for your misunderstandings; for costs or losses from data/transactions obtained through the Service; or for losses not caused by us. We are not responsible for service failures/delays due to maintenance, connectivity failures, system faults, power outages, extreme weather, accidents, strikes, riots, shortages, fires, floods, wars, banking/partner issues, market crashes, government/authority actions, or other force-majeure/third-party causes beyond our control. We **do not guarantee** the Website or content is virus-free or uninterrupted. You use/download at your own risk. We make no warranties—express or implied—regarding suitability, error-free operation, continuity, accuracy, reliability, or timeliness. Digital asset markets are **unstable and highly volatile**; you trade at your own risk. We do not warrant any third-party sites, products, or services linked on the Website. You acknowledge and accept our operations per this Agreement and assume all resulting risks. If your account is misused by a third party, notify NewCoin immediately; we act within a reasonable time. We are not responsible for losses **before** action is taken. NewCoin may suspend/interrupt/terminate Services, delete registration, and confiscate illicit gains without notice if we **independently** determine there is a security-threatening event, including but not limited to: false information, abnormal/suspicious/illegal transactions, AML risks, technical abuse harming fair markets, violations of this Agreement or its spirit, or market manipulation (pump-and-dump, wash trading, self-trading, front-running, quote stuffing, spoofing/layering), or any other situations requiring action for market safety. *** ### 10. Termination * NewCoin may cancel your account under this Agreement; termination takes effect upon cancellation. * If NewCoin terminates the Services, this Agreement terminates upon posted notice. * After termination, NewCoin has **no obligation** to retain, disclose, or forward any account information or messages. * Termination does not affect claims for prior **breaches**. *** ### 11. Intellectual Property All IP in the Website—logos, databases, designs, text/graphics, software, photos, videos, audio, compilations, source code/scripts—is owned by NewCoin. You may not copy/modify/distribute/use for commercial purposes. All rights (including goodwill and trademarks) in the NewCoin name/marks belong to the Company. By posting any protected content on the Website, you **irrevocably and exclusively assign** all transferable copyrights to NewCoin (including reproduction, distribution, rental, exhibition, performance, broadcasting, information network transmission, cinematography, adaptation, translation, compilation, and other rights). NewCoin may enforce against infringers and recover full damages. This applies to content posted **before or after** this Agreement. You may not misuse or dispose of NewCoin or others’ IP. Posting on the Website does **not** transfer any IP to you. *** ### 12. Data Protection **Collected Information** may include: phone/email, ID documents, IP logs, browsing/transaction data, and other lawful information. **Use of Information** (without additional consent): to provide Services; report to authorities as required; verify identity; security/fraud monitoring; marketing and service notices; product/service improvements; mergers/acquisitions/disposals; software certification/upgrades; surveys; statistical cooperation with public bodies; and other lawful or authorized uses. We do **not** sell or lend personal information without consent, nor allow unauthorized collection/editing/sale/distribution by third parties. We keep identity/transaction records **at least six years** and may disclose to regulators where required. *** ### 13. Calculations All trading calculations are verified by us and published methods are disclosed, but we do not guarantee the Website is **free from interruption or error**. *** ### 14. Export Controls You shall not export/re-export/import/transfer any material (including software) in violation of applicable laws. Report violations to NewCoin and cooperate in remediation. *** ### 15. Assignment This Agreement binds successors and permitted assigns. You may **not** assign without NewCoin consent. NewCoin may assign its rights/obligations upon **30 days’ prior notice**. *** ### 16. Severability If any provision is held unenforceable, invalid, or illegal, the remaining provisions remain in effect. *** ### 17. No Agency Nothing herein creates any agency, fiduciary, or representative relationship unless expressly stated. *** ### 18. Waiver A failure to enforce any provision is **not** a waiver of any other or subsequent breach. *** ### 19. Headings Headings are for convenience only and do not affect interpretation. *** ### 20. Governing Law & Jurisdiction This Agreement is governed by the **laws of Hong Kong**. Any claim or dispute arising out of or related to this Agreement or the Services shall be **exclusively** brought in the courts of **Hong Kong**, which have exclusive jurisdiction. The doctrine of forum non conveniens does **not** apply. *** ### 21. Effectiveness & Interpretation This Agreement is effective when you click “Agree” and complete registration, and is binding on both Parties. NewCoin reserves the **final right of interpretation**. *** ## User Anti-Money Laundering (AML) Policy ### 1. Introduction We diligently comply with applicable AML laws and implement a comprehensive, international AML framework to meet local and global requirements and ensure continuity of Services. ### 2. Core Measures * Maintain and update AML rules to reflect current laws/regulations; * Issue and update internal guidelines and require staff compliance; * Implement identity verification (KYC), dedicate specialized AML teams; * Risk-based **CDD/EDD** and ongoing monitoring; * Review historical transactions regularly; * Report **suspicious activity** to competent authorities; * Retain KYC and transaction records for **at least six (6) years**; * **Credit cards are prohibited** for the entire transaction process. ### 3. Identity Information & Verification **Individuals:** name, address, DOB, nationality, valid government ID/passport, verified address, a live photo holding the ID, and contact details.\ **Entities:** registration documents, articles, ownership charts, board resolution/authorization for account openers/signatories, principal business address, and KYC of directors/major shareholders/signatories.\ We accept **Chinese or English** documentation; other languages require **notarized English translations**. **UBO & Control:** Identify ultimate beneficial owners (e.g., ≥25% normally; ≥10% treated as higher risk) and verify controlling persons. Trusted certifiers (e.g., consulate, JPs, magistrates) may certify copies. ### 4. Transaction Monitoring * Set and adjust daily trading/withdrawal limits per security and market conditions; * Review concentrated, abnormal, or unreasonable activity; * For suspicious activity, we may **suspend, refuse, or reverse** transactions and report to authorities without notice; * NewCoin may refuse users from non-compliant jurisdictions or PEPs, and may suspend/terminate suspicious activity without liability. — **The NewCoin Team** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://newcoin-doc.gitbook.io/newcoin/english/other-help/user-agreement.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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