Last Updated: March 31, 2025
This page applies specifically to LoveBit4Good (https://esg.lovebit.org), a sub-platform of LoveBit.org, and should be read in conjunction with the full legal disclaimer at lovebit.org/legal-disclaimer-for-lovebit.
1. Overview
LoveBit4Good is a decentralized donation and voting platform built on the Binance Smart Chain (BSC). This sub-site allows users to participate in humanitarian and charitable campaigns using LB Coin, the native cryptocurrency of the LoveBit ecosystem.
By using this platform, you agree to all applicable terms stated herein and on the main LoveBit.org site. If you do not agree, you must discontinue use of the platform immediately.
2. Refund and Reward Policy
- Donations: Users who contribute to donation campaigns are eligible for a 50% payback as a reward for their kindness. This refund is processed through automated smart contracts and returned in LB Coin.
- Voting: Users who vote for causes using LB Coin will receive a 110% refund of their contributed amount as a reward for their active participation in deciding the next donation round.
Rewards are provided as a gesture of appreciation and are subject to the availability and functionality of smart contract systems.
3. Legal Standing
This website operates as an extension of LoveBit.org. As such, all legal disclaimers, terms of use, and privacy policies from LoveBit.org apply to this platform as well. Please refer to the full legal disclaimer here: https://www.lovebit.org/legal-disclaimer-for-lovebit/
4. Payment Integration & Cryptocurrency Use
LoveBit4Good utilizes the Binance Smart Chain (BSC) network for LB Coin payments. All transactions are irreversible and blockchain-based. Users are responsible for safeguarding their wallets, private keys, and funds.
LoveBit4Good is not liable for losses due to failed transactions, smart contract vulnerabilities, or third-party wallet issues.
5. Personal Data Collection
To operate effectively, LoveBit4Good requires users to sign up and provide certain personal data, including wallet addresses. This information is essential for issuing rewards, bonuses, and ensuring participation in future events or campaigns. We are committed to protecting this data and using it solely for operational, transactional, and community-building purposes.
6. Limitation of Liability
To the fullest extent permitted by law, LoveBit, its affiliates, developers, or partners shall not be liable for any losses, damages, or claims arising from the use or misuse of this platform, including but not limited to lost donations, incorrect transactions, or user error.
7. Regulatory Compliance
Users must ensure that their use of this platform complies with their local laws, including those related to crypto transactions, taxation, and charitable giving.
8. Smart Contract Risk Acknowledgement
Users acknowledge that smart contracts on the blockchain are experimental by nature and may carry risks such as bugs, gas errors, network congestion, or vulnerabilities. LoveBit4Good shall not be liable for any loss resulting from the failure, delay, or unintended behavior of smart contract execution.
9. Security and Account Responsibility
Users are solely responsible for the security of their wallet credentials, private keys, and device access. LoveBit4Good does not store or recover wallet information and shall not be held liable for loss of access due to user negligence.
10. KYC & AML Compliance
LoveBit4Good reserves the right to request identity verification (KYC) from users for certain activities, events, or thresholds in compliance with applicable anti-money laundering (AML) laws. Users who fail to comply may be restricted from receiving rewards or accessing certain features.
11. Cookies and Tracking
LoveBit4Good may use cookies and analytics tools to enhance platform performance and user experience. By using the site, you consent to the use of such technologies as outlined in our privacy policy.
12. Changes and Updates
LoveBit4Good reserves the right to update this legal disclaimer at any time. Continued use of the platform constitutes acceptance of any new terms.
13. Contact
For legal questions or inquiries: 📧 Email: contact@lovebit.org 🌐 Main Site: https://lovebit.org
