Terms of service

Spot trading Blue Line

1. General conditions

These Terms of service govern the procedure for the provision of Blue Line Spot trading advisory services to individuals (hereinafter also referred to as the Client).

Blue Line is a trademark (hereinafter also referred to as the Contractor).

By accepting these Terms of service, the party confirms that it has familiarized itself with their content, agrees with them and understands the possible risks.

2. Scope of services

Pursuant to these Terms of service, consulting services regarding Spot trading are provided by the Contractor's traders on the Binance or another exchange platform (hereinafter also referred to as the Services).

The Contractor's Services include:

providing information on the procedure of providing the Services as well as on risks and conditions of Spot trading from the Client's account;

provision of the Spot trading Services from the Client's account with all available trading pairs on the Binance or another exchange Spot market;

providing analytical information on trading history, account dynamics and trading results.

3. Procedure for the provision of the Services

The Services are provided by the Contractor, subject to the presence of the Client's account on the exchange.

The Client's account on the exchange is managed by the Client in accordance with the exchange rules and terms of service.

The minimum balance of the Client's account at the time of the commencement of the provision of the Services should be 10,000 USDT.

To start providing the Services, the Client transfers to the Contractor the API key to the exchange account together with the permission to Spot trade on the platform and without the right to withdraw and (or) manage the account funds.

By transferring to the Contractor the API key to the exchange account, the Client agrees to these Terms of services.

The Contractor provides Spot trading from the Client's account for the validity period of the API key, providing the necessary analytical information about the account status and trading dynamics.

The term for the provision of the Services is 1 year with automatic renewal in the absence of an objection from the parties.

The quality of the Contractor's Services is confirmed by the statistics of work in the market since 2023, which can be found by request to the Contractor.

4. Distributions of the balance increase

The Client and the Contractor determine the period for fixing the increase in the balance on the Client's account on the exchange.

The increase in the balance of the Client's account on the exchange is determined by subtracting the amount of assets that were on the balance at the time after the previous fixation of the increase in the balance (or at the time of the beginning of the provision of the Services) from the amount of current funds on the balance sheet of the account.

The increase in the balance of the Client's account is calculated according to the following formula: the amount of current assets on the account – the amount of assets after the previous fixation of the increase in the balance.

The increase in the account balance as a result of the provision of the Services by the Contractor is distributed in the following proportion:

With balance less than 50 000 USDT:

50% of the increase in the account balance is distributed to the Client;
50% of the increase in the account balance is distributed to the Contractor.

With balance from 50 000 USDT to 100 000 USDT:

60% of the increase in the account balance is distributed to the Client;
40% of the increase in the account balance is distributed to the Contractor.

With balance from 100 000 USDT and more:

70% of the increase in the account balance is distributed to the Client;
30% of the increase in the account balance is distributed to the Contractor.

The fixation of the increase in the balance is made by transferring the amount of the increase in the balance to the corresponding accounts of the Client and the Contractor in the proportion determined by these Terms of service.

5. Termination of the provision of the Services

The Contractor has the right to terminate the provision of the Services in accordance with these Terms of service without motivation and explanation of his decision in the event of:

violation of these Terms of service by the Client;

violation by the Client of the terms and conditions of the exchange;

transferring by the Client to a third party the API key to the account;

disclosure of confidential information by the Client;

dissemination of the information discrediting the honour, dignity or business reputation of the Contractor;

any other actions or inaction of the Client that, in the opinion of the Contractor, harm Contractor's business activity.

The Client has the right to refuse the Contractor's Services in the event of:

a decrease in the balance of the Client's account on the Binance exchange by more than 60% PNL not fixed minus, or 40% PNL fixed minus from the amount of funds after the previous fixation of the increase in the account’s balance;

violation of these Terms of service by the Contractor;

sending a proper notification to the Contractor about the termination of the provision of the Services 30 days before the date of termination.

In case of early termination of the provision of the Services, open trading positions will be closed at current market prices. The Contractor agrees with the Client the exact moment of closing the trading positions.

6. Liability of the parties

By accepting these Terms of service, the Client confirms that he is familiar with and understands the following:

Spot trading on the platform is a high-risk operation;

all funds in the Client's account on the exchange remain in his ownership and do not become the property of the Contractor;

the Contractor does not bear the risks of a decrease in the balance of the Client's account on the exchange, but provides consulting the Services on the Client's trading operations;

the Contractor does not compensate the Client for any changes in the balance of the Client's account on the exchange;

the Contractor is not responsible for illegal actions of third parties with the Client's account on the exchange;

The Client is familiar with the results of the Contractor's work, which Client can get by request to Contractor and understands the possible impact of market volatility. At the same time, the Contractor ensures the provision of the professional Spot trading Services on the platform.

The Contractor and the Client are responsible for the disclosure of confidential information that became known to them as a result of the provision of the Services in accordance with these Terms of service.

7. Warranties and assurances

The Client warrants that:

all funds in the Client's account on the exchange are owned by him, legally obtained, not encumbered, are not in dispute or under arrest, and that there are no third party rights to them;

will not intentionally or by negligence violate any laws, contracts, intellectual property rights or other rights of third parties, exchange rules or commit offences;

releases the Contractor from liability, any claims for damages, either direct, immediate, consequential, special or any other damages of any kind.

8. Consent to the processing of personal data

By accepting these Terms of service, the Client confirms that he has consented to the processing of his personal data necessary for the provision of the Services.