Last updated February 24, 2022
If you have any questions, please reach out to us on conact@earnJARVIS.com
1. About the User Agreement
By accepting these Terms you hereby agree and acknowledge that the Services described herein are being provided by Jarvis Industries, Inc. dba earnJARVIS as of February, 2022 in California, USA. Based on the scope and nature of the Services, your jurisdiction and applicable laws. We may, from time to time, provide certain Services by earnJARVIS, and any change in and/or assignment of our entity shall not be considered an amendment of these Terms.
ALL DIGITAL ASSETS HELD BY earnJARVIS AS PART OF THE SERVICES ARE OWNED by earnJARVIS FOR ITS OWN ACCOUNT. THE USE OF TERMS SUCH AS “ACCOUNT,” “ACCOUNT BALANCE,” “WITHDRAW” AND SIMILAR DOES NOT IMPLY OR ESTABLISH, AND SHALL NOT BE TAKEN TO SUGGEST, ANY FORM OF CUSTODY RELATIONSHIP, AND SUCH LANGUAGE IS USED HEREIN AS TERMS OF CONVENIENCE ONLY IN REFERRING TO USERS’ USE OF THE SERVICES AND earnJARVIS OBLIGATION CONVERT AND OR TRANSFER DIGITAL ASSETS TO USERS DESIRED DESTINATION, WITHIN THE CONFINES OF earnJARVIS ABILITIES, UPON THE TERMINATION OF USE OF SUCH SERVICES.
2. This agreement is legally binding
By using our Services, including signing up for an account and/or making a deposit, you acknowledge that you have read, understood, and accepted this agreement.
Capitalized terms shall have the meanings assigned to them in these Terms, unless the context requires otherwise.
“Account” or “earnJARVIS Account” means a User’s designated user account on the earnJARVIS website, web application, or mobile application, allowing a User to access and use the Services, and view and manage his or her personal information and profile. Your Account is not a bank account, deposit account, savings accounts, checking account, or any other type of asset account and should not be characterized as a banking product or service.
“Affiliate” means an entity that owns or controls, is owned or controlled by, or is or under common control or ownership with a party, where control is defined as the direct or indirect power to direct or cause the direction of the management and policies of such party, whether through ownership of voting securities, by contract, or otherwise.
“AML” stands for Anti-Money Laundering, which means a set of procedures, laws, and regulations that are intended to stop the practice of generating income through illegal actions.
“Blockchain” means a system in which records of transactions made in Digital Assets are maintained across several computers that are linked in a peer-to-peer network.
“Digital Asset” means a digital representation of value in which encryption techniques are used to regulate the generation of digital units and verify the transfer of assets, operating independently from a central bank.
“Eligible Digital Assets” means the types of Digital Assets we may choose to designate for inclusion under one or more of the Services from time to time, which are subject to change and/or limitation in our sole discretion, based on business, regulatory and/or other considerations.
“Fiat,” when used in reference to money or currency, means the coin and paper money of a country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance.
“KYC” stands for Know Your Customer (or Client), which means the process of a business verifying the identity of its customers or clients and assessing potential risks of illegal intentions for the business relationship.
“Pegging” is the practice of fixing the exchange rate of one currency to the value of another currency or asset.
“Stablecoin” means a Digital Asset that is Pegged to a distinct asset.
3. Changes to this agreement
As earnJARVIS develops its platform further, these terms may change too. If we do change them, we will notify you by sending an email, or by posting a prominent notice on our website. We will also update the date and version number above.
Any minor, non-material changes or clarifications go into effect immediately. Any material changes go into effect 14 days after we provide notice.
4. Who can use earnJARVIS?
You may use our Services only if you are age 18 or older and not barred from using financial services under the laws of the US or other applicable jurisdictions.
You may use our Services as an individual by going through our KYC and user onboarding process.
Each person is allowed only one earnJARVIS Account, and you may not create additional Accounts on behalf of any other individual.
5. Where can I use earnJARVIS?
Our services are available in the following states:
We will continue to add more states as soon as we can. By accessing or using a particular service, you affirm that you are a resident in the jurisdiction where the service is provided and using the service in a permissible jurisdiction.
We currently do not service non-U.S. residents.
You can contact us by email at contact@earnJARVIS.com.
We do our best to respond as quickly as possible, and typically respond within 24 hours. We’ll contact you in English via email.
By using our Services, you consent to receiving communications from us electronically and that you do not need any other communications in writing.
We may also send you notifications via email when you use our services to digital asset (e.g., digital asset) deposit into our platform or when you make withdrawals.
7. You agree to us using your information
8. What earnJARVIS is
earnJARVIS is a website and web application facilitating access to digital assets that come from using digital finance protocols, blockchains, metaverse tokens, Web 3 infrastructure, and or other crypto-based digital assets. These assets can be used to have crypto earn more crypto through staking and through the use of digital finance protocols. Currently earnJARVIS only supports using digital assets in the form of customizable baskets and staking of blockchain assets.
I.e. earnJARVIS enables you to simply deposit stablecoins and to direct those into other types of digital assets that we support. Blockchain assets (I.e., BTC, ETH, SOl) may be staked onto the platform to earn rewards in the form of the digital asset at your direction (the ‘Services’).
9. Digital assets
Digital assets are open, blockchain-based digital assets that are not controlled by earnJARVIS and that everyone can access. earnJARVIS finds relevant digital assets and presents them to you in the earnJARVIS platform. You can then choose what digital assets you would like to purchase. Digital assets are presented to you in the form of baskets, however, you can direct, adjust, or customize your portfolio as you wish. If you wish to adjust or change your portfolio or customize how it is updated, please email us at contact@earnJARVIS.com. Once you have committed to your portfolio, earnJARVIS then performs the necessary steps to swap your funds with the right assets to create your portfolio. This might include conversions between stablecoins and assets on various blockchains (e.g., Ethereum, Solana).
earnJARVIS reserves the right to add or remove digital assets from the earnJARVIS dashboard. If earnJARVIS removes a digital assets that you own, you will be notified and your funds go back to your earnJARVIS Account where you can deposit them into other digital assets or withdraw them entirely.
10. How earnJARVIS works
earnJARVIS allows you to create a portfolio by depositing stablecoins and swapping those digital assets for digital assets that you selected in your desired portfolio. For any blockchain (i.e., layer 1) digital asset that you own, we will offer you the option to stake it, if it is available. In the future, earnJARVIS will also offer access to Digital Finance protocols to enable you to earn rewards with your crypto.
As you sign up with earnJARVIS you get access to your earnJARVIS Account where you can deposit funds. In the earnJARVIS dashboard you can see the digital assets that earnJARVIS has available with which you can choose to direct your funds to.
As you direct your funds into the digital assets, you have the option to earn rewards through staking in your Account Balance on the dashboard.
You can read more about the terms that apply to depositing and withdrawing funds, directing funds into digital assets, as well as earning rewards, below.
11. earnJARVIS only deals with digital assets
While this may change in the future, earnJARVIS only takes deposits and withdrawals in virtual stablecoins that can be converted to USD via our technology partners. This means earnJARVIS gives you the opportunity to invest in cryptocurrencies such as Bitcoin and ETH. At no time does fiat money enter earnJARVIS’ custody.
earnJARVIS currently only supports select digital assets. USDC is used for all users’ deposits and withdrawals to and from earnJARVIS (see the sections on ‘Depositing funds’ and ‘Withdrawing funds’ below). Funds are converted from USDC to fiat through our technology partners Plaid and Circle and are deposited into a bank account at your direction.
earnJARVIS may amend the list of accepted digital assets from time to time by revising these terms. Should any cryptocurrency be removed, digital assets that are held in such cryptocurrency shall remain in force, unless earnJARVIS informs you otherwise.
It is very important to note, that digital assets (such as BTC and ETH) are not legal tender, are not backed by any government, and value of Account Balance on earnJARVIS are not subject to FDIC or Securities Investor Protection Corporation (SIPC) protections.
Further, earnJARVIS is not a bank and does not offer checking accounts, savings accounts, or any fiduciary services.
12. Depositing with earnJARVIS
earnJARVIS takes deposits in USDC over the Ethereum blockchain network. In the future, you may transfer USDC to your earnJARVIS Account via a USDC wallet.
You are at risk of losing your deposit if:
1. You send any token other than USDC, e.g. ETH, to our USDC wallet
2. You send us USDC over any blockchain network other than Ethereum
3. You send USDC to a wallet address not provided by us in your earnJARVIS dashboard
earnJARVIS cannot be held liable in cases listed above.
You may also deposit USD fiat currency via bank wire transfers or ACH transfers using our partners Plaid and Circle. All fiat deposits are handled and custodied by our partners. Our partners convert the fiat currency into USDC which in turn is deposited with earnJARVIS. earnJARVIS never holds customers’ fiat currencies.
We process deposits every 24 hours. You should see your deposit in your earnJARVIS dashboard within 48 hours of making the deposit.
13. Directing funds into digital assets
When you deposit funds into your earnJARVIS Account, you agree to earnJARVIS swapping your funds into the digital assets you desire. You also agree that at your direction, earnJARVIS will stake blockchain assets to earn you rewards. Reward rates are variable depending on market demand of the underlying blockchain. earnJARVIS reserves the right take a percentage of the rewards earned through staking as part of a servicing fee. These fees
While we plan to support deposits into various protocols in the future, for now, earnJARVIS will only offer staking.
To deposit your funds with a protocol, earnJARVIS might need to exchange your USDC deposit into another digital asset that can be deployed with the relevant protocol.
earnJARVIS retains the right to determine when swaps into other digital assets occur. We typically process deposits into the protocols every 24 hours. We may restrict asset swapping when rates appear unstable, which can happen during extreme market volatility, earnJARVIS may wait for the price to stabilize before executing the deposit into the lending platform. In these cases, you will be informed in the dashboard that deposits might take longer than usual.
Importantly, choosing to have earnJARVIS direct your deposit into digital assets involves risk. Under no circumstances shall earnJARVIS be liable for any losses or damages incurred, which relates to the failure of the digital finance protocols, blockchains, digital assets, including smart contract failures, hacking, and/or rug pulls.
Similarly, due to the decentralized and permissionless nature of the protocols and digital assets, it is unlikely that users will be able to have any recourse against the protocols for any losses. While protocols might offer insurance, your deposit is not guaranteed.
earnJARVIS will notify users in the event of a security breach within a reasonable time frame and either prior, during, or after an internal investigation in regards to the matter.
14. Earning rewards
You earn rewards when your layer 1 (i.e Blockchain assets such as Solana and Ethererum) assets are staked or in the future are deployed with a digital finance protocol. Typically, you start to earn rewards from the day your deposits are shown in your dashboard.
Rewards accrue overtime, typically weekly, and are updated in your earnJARVIS dashboard as soon as possible.
The reward rates for staking are as of the current date and time, and may change at any time, before or after the Account is opened on earnJARVIS.
Importantly, earnJARVIS guarantees no returns and holds the right to change the rewards rate at all times. Any projections are hypothetical in nature. Past performance is not a guarantee of future results. You are solely responsible for evaluating the risk associated with use of the earnJARVIS service.
15. Withdrawing funds
If you have digital assets in your earnJARVIS Account, you may withdraw it by requesting a withdrawal of funds to your bank via wire or ACH transfers. It typically takes a couple of days for the banks to process the transaction before you will see it in your bank balance.
In order to withdraw you understand that your digital assets will be withdrawn at the price shown on popular exchanges, such as Kraken.com. While we will make a reasonable effort to ensure funds are withdrawn at the value shown. However, we make no guarantee that the value shown will be the value that your funds are withdrawn at.
At times, you may experience delays as certain assets – such as staked blockchain assets – will require a cool off period to be withdrawn. This cool off period is mandated by our technology partners and we will make every reasonable effort to withdraw your funds in a timely manner.
16. Custody and control of your account
earnJARVIS will allow you to direct and view the Account Balance of the USDC and other digital assets shown in your earnJARVIS Account. Any statement, such as “Account Balance”, “Principal Amount”, “Rewards Earned’ within your Account does not constitute an investment agreement or any kind of fiduciary duty or responsibility between you and earnJARVIS. Digital assets on the earnJARVIS platform belong to earnJARVIS and earnJARVIS agrees it will make reasonable efforts to credit the “Account Balance” in the equivalent amount of USDC when you choose to withdraw. USDC will be converted and directed, by you, to the bank account you set for your earnJARVIS account when withdrawing.
If you deposit fiat currency via our partners Circle and Plaid, our partners will exchange your fiat deposit into USDC, which is then converted into cryptocurrency which earnJARVIS withdraws from that point.
Please be advised, that while we do everything we can to keep your deposits safe, it is possible that you could lose part of or all of your Account Balance in earnJARVIS. This includes any of your deposits plus any rewards earned. This could happen in the unlikely scenario that either the security of earnJARVIS, the technology partners we use, the digital assets we support, and digital finance protocols that develop the digital assets were breached. Please thoroughly read and understand our Risk Disclosures, found on the footer of earnJARVIS.com, before using earnJARVIS. Unfortunately, earnJARVIS cannot provide any guarantees for any rewards accumulated nor for the initial amount of deposited digital assets within earnJARVIS or fiat currencies deposited with our partners.
Therefore, earnJARVIS shall NOT be liable for the loss of any of your deposit, any rewards accumulated, or any digital assets held in your Account that are lost, stolen, or otherwise irretrievable in the event that earnJARVIS experiences a hack or other security breach.
earnJARVIS uses best-in-class security to do everything we reasonably can to protect your funds. Our technology partners are heavily vetted and have a track record for security.
17. Account security
You are responsible for maintaining adequate security and control of any and all username, IDs, passwords, or any other codes that you use to access your Account.
You are solely responsible for the activities of anyone accessing the earnJARVIS service using your password, even if you did not authorize the activities. You must notify us at contact@earnJARVIS.com immediately of any unauthorized use or suspected unauthorized use of your password.
If you know or suspect your password has been compromised, you must promptly change your password. Even if you give us notice, you could be held liable for your loss, e.g. if a malicious third party makes a withdrawal on your behalf which earnJARVIS has processed, prior to receiving your notice or if your notice was sent at an unreasonable hour. earnJARVIS may freeze your Account, if we receive a notice from you, or if we suspect any suspicious activity. You will be notified of such a suspension.
18. If something goes wrong
To protect yourself from unauthorized activity in your Account, you should regularly log into your Account and review your Account statement.
In case of Errors, contact us at contact@earnJARVIS.com. An Error means the following:
1. When the Account Balance on your Account does not reflect your deposits made plus rewards earned either because Account Balance has been incorrectly reflected on your Account or incorrectly placed into your Account.
2. You initiate a purchase and the incorrect amount is debited from your Account Balance shown on the Account.
3. You withdraw cryptocurrency from your Account and the transaction is incorrectly documented in your Account.
4. An incorrect amount is credited to the Account Balance shown on your Account.
5. A transaction is missing from or not properly identified in your Account statement.
6. There is a computational or mathematical error related to your Account.
We will determine if an error has occurred within 30 days after being notified. If we need more than 30 days to determine if an error occurred, we will provisionally credit your Account.
19. Rectifying errors
Please e-mail us at contact@earnJARVIS.com if you discover an error or if you need more information about a transaction.
We will rectify any processing error that we discover. If the error results in:
1. You receiving less than the correct amount to which you were entitled, then we will credit your Account Balance for the difference between what you should have received and what you actually received.
2. You receiving more than the correct amount to which you were entitled, then we will debit your Account Balance for the difference between what you actually received and what you should have received.
We will not rectify errors if:
1. Through no fault of ours, you did not have enough available funds or cryptocurrency to complete the transaction;
2. Our system was not working properly, and you knew about the breakdown or maintenance when you started the transaction; or
3. The error was due to extraordinary circumstances outside our control (such as fire, flood or loss of Internet connection), despite our reasonable precautions.
We will determine if an error has occurred within 30 days after being notified. If we need more than 30 days to determine if an error occurred, we will provisionally credit your Account.
You agree to contacting us within 30 days of the Error occurring. We are not liable for any losses associated with Errors for which you do not contact us within 30 days.
earnJARVIS may charge fees for its services either through a subscription model, percentage fee, or share of the rewards earned from staked blockchain assets.
The fees charged by earnJARVIS for deposits and withdrawals depend on the fees of our bank & USDC transaction processing partners. earnJARVIS aims not to charge any fees on top of that.
Similarly earnJARVIS does not add additional fees to deposit or withdraw from our technology partners.
Please note that there might be additional fees imposed by your bank or blockchain network used when making transactions.
earnJARVIS reserves the right to change its fee structure at any point. Any fee changes will be communicated to you via notifying you using one of our usual channels (see ‘Communication’ above).
Your continued use of earnJARVIS after any fee change(s) comes into effect constitutes your agreement to pay the fees. Except as required by law, fees are non-refundable.
21. Use of earnJARVIS by Investment Advisors and Individuals
A person that uses or accesses the Services or deposits funds on behalf of another, such as an investment advisor, shall be referred to as an “Advisor.” A person who uses or accesses the Services or deposits funds on behalf of themselves will be referred to as an “Individual”. Advisors must have written permission from each of the Advisor’s clients to deposit funds with earnJARVIS and access the Services. Each Advisor must inform its clients of the risks involved with using the Services before the Advisor accesses the Services.
All Advisor that (1) access the Services on behalf of their clients and (2) that either reside in the United States or that advise clients that resided in the United States must be registered as an investment advisor with the applicable jurisdiction (be it the U.S. Securities and Exchange Commission or the requisite state regulator) or be exempt from such registration under law or regulation.
To the maximum extent permitted by applicable law, the Advisor and Individuals will indemnify and hold harmless earnJARVIS and each of its members, managers, partners, directors, officers, employees, and affiliates (each, an “Indemnified Person”) who was or is made a party to, or is threatened to be made a party to, or is involved in any threatened, pending, or contemplated action, suit or proceeding, whether civil or criminal, administrative, arbitrative, or investigative (a “Proceeding”), or any appeal in or from any Proceeding, relating to that Indemnified Person’s performance, rendering, or participation in the performance of the Services, from and against any and all losses, claims, damages, liabilities (joint and/or several), expenses (including reasonable attorneys’ and expert witness fees and expenses), judgments, fines, settlements, and other amounts (“Losses”) that relate to any Proceeding, except to the extent those Losses arose from actions or failures to act by the Indemnified Person that are finally determined to have constituted gross negligence (determined in accordance with Delaware law) or a willful violation of law.
This agreement is for the sole benefit of the parties hereto and nothing express or referred to in this agreement will be construed to give any person, including any clients of an Advisor or Individual, any legal or equitable right, remedy, or claim under or with respect to this agreement or any provision of this agreement, whether as third-party beneficiary or otherwise.
22. earnJARVIS is not an investment advisor
earnJARVIS is not an investment advisor. earnJARVIS does not provide investment advice. No content published on the website constitutes a recommendation that any particular cryptocurrency, digital assets, or digital finance protocols are suitable for any specific person.
earnJARVIS is not acting and cannot act as an advisor, including as to any financial, legal, investment, insurance and/or tax matters. Any information provided by earnJARVIS is for general information only.
earnJARVIS is not an investor and does not invest on your behalf. It is solely your choice to have earnJARVIS direct your funds into digital assets of your choosing. It is also your choice which digitals assets to swap into.
23. Your tax obligations
The value of any gains related to using and/or owning digital assets may constitute taxable income. Please consult your tax advisor as we do not provide tax advice.
24. Regulatory changes
The US regulations on cryptocurrencies are subject to significant uncertainty and are evolving rapidly.
While we are making every effort to comply with applicable rules and regulations in the
U.S. and internationally with respect to our operations, we cannot predict nor guarantee that your use, transfer or exchange of cryptocurrencies on our system will not be subject of any such regulations. Any change of cryptocurrency regulations may have a material negative impact on your ability to use and transfer such cryptocurrencies and may cause you to lose all or a portion of the value of such cryptocurrencies.
The use, transfer and exchange of cryptocurrencies may be subject to applicable federal and state laws, including rules and regulations promulgated by various regulatory agencies, such as the Securities Exchange Commission, Financial Crimes Enforcement Network (FinCEN), Commodity Futures Trading Commission, Office of the Comptroller of the Currency, Internal Revenue Services and state money transmission or virtual currency business licensing agencies.
25. Disclaimer of Warranties; No Guarantee; Limitation of Liability
We hope to make our Services available at all times, but at times we may need to temporarily disable the mobile app or website. The Services may be modified, suspended or discontinued at any time without notice or liability.
earnJARVIS will not be liable if all or part of the services is unavailable at any time.
Our Services are provided on an ‘as in’ and ‘as available’ basis. earnJARVIS hereby disclaims all warranties of any kind, either express or implied, statutory or otherwise, including any warranties of merchantability, non-infringement, and fitness for particular purpose.
In the event of a dispute, our liability and yours will be limited to the maximum extent permitted by law. In no event shall either party be liable for any indirect, incidental, special, exemplary or consequential damages arising out of or in connection with the services.
26. Dispute resolution
If you have a complaint, please contact us at contact@earnJARVIS.com and we’ll do our best to fix the problem.
We’re always here to help, but in the unlikely event that earnJARVIS has not been able to resolve a dispute after 60 days, you agree to follow the procedure outlined in the ‘Arbitration’ section below.
Please note: Read this section carefully because it requires the parties to arbitrate their disputes and limits the manner in which you can seek relief from earnJARVIS.
For any dispute with Stablegains, you agree to first contact us at contact@earnJARVIS.com and attempt to resolve the dispute with us informally.
In the unlikely event that earnJARVIS has not been able to resolve a dispute after 60 days, earnJARVIS and you agree to resolve any claim or dispute arising in connection with this agreement by binding arbitration by Court of Chancery (‘COC’).
The arbitration will be conducted in Delaware, unless agreed otherwise. COC may require you to pay a fee for the initiation of your case, unless you successfully obtain a fee waiver from COC. The award rendered by the arbitrator may include your costs of arbitration, your reasonable attorney’s fees, and your reasonable costs for expert and other witnesses.You may sue in a small claims court of competent jurisdiction without first engaging in arbitration, but this does not absolve you of your commitment to engage in the informal dispute resolution process.
Nothing shall prevent earnJARVIS from seeking injunctive or other equitable relief from the courts as necessary to prevent the actual or threatened infringement, misappropriation, or violation of our data security, intellectual property rights or other proprietary rights.
28. General terms
This agreement will always be available on our website.
We can make changes to it for any reason (see ‘Changes to this agreement’) and/or may terminate this agreement at any time by suspending or terminating access to the website or services by notifying you using one of our usual channels (see ‘Communication’ above).
29. Other agreements