Staking Terms & Conditions
Last Updated: May 8, 2025
These Staking Terms and Conditions (“Staking Terms”) govern your participation in the staking programs provided by HugeOne Ltd. (“HugeOne”, “we”, “our”, or “us”) through HugeOne.io (the “Platform”). By staking $HUGE or any other supported tokens via our platform, you agree to be bound by these Staking Terms in addition to our Terms and Conditions, Privacy Policy, and KYC/AML Policy.
1. Definitions
Staking: Locking eligible tokens in a smart contract to earn rewards or gain access to platform features.
Rewards: Incentives, either in $HUGE or other tokens, distributed to participants based on their staking contribution and duration.
Lock-up Period: The defined timeframe during which staked tokens cannot be withdrawn or transferred.
Smart Contract: Blockchain-based code that automates staking, rewards, and fund locking.
2. Eligibility
To participate in staking, you must:
Be at least 18 years old.
Own a non-custodial crypto wallet.
Pass all applicable KYC/AML checks (if staking threshold requires it).
Not reside in a restricted jurisdiction or appear on any sanctions list.
3. How Staking Works
Users connect a compatible wallet and lock $HUGE tokens via a staking smart contract.
The staking pool is non-custodial: tokens remain in user-controlled wallets but are locked by smart contract logic.
Rewards are distributed periodically (e.g., daily, weekly) based on:
Amount staked
Duration of staking
Participation in other platform activities
Note: The staking APY may fluctuate based on platform performance, token supply, and ecosystem dynamics.
4. Lock-up & Unstaking
Some staking programs may impose a mandatory lock-up period (e.g., 30, 60, 90 days).
During the lock-up:
You cannot withdraw or transfer the staked tokens.
You may not be eligible for emergency withdrawals.
After the lock-up ends, users can unstake their tokens anytime unless restricted by smart contract conditions.
5. Early Withdrawal Policy
If a staking program allows early withdrawal:
You may forfeit part or all of the rewards.
A penalty (e.g., burn, redistribution to pool) may apply.
Terms will be clearly stated prior to staking initiation.
6. Reward Distribution
Rewards are distributed automatically by smart contract at set intervals.
Distribution may be paused or adjusted in case of:
Platform maintenance or upgrades
On-chain congestion or failures
Economic adjustments or inflation caps
HugeOne is not liable for delays due to blockchain limitations or force majeure events.
7. Risks and Disclaimers
By staking, you acknowledge the following risks:
Smart contract vulnerabilities: Despite audits, unforeseen bugs or exploits may result in loss of funds.
Token volatility: The value of $HUGE or other reward tokens may fluctuate dramatically.
Gas fees: You are responsible for all network transaction (gas) costs.
No guaranteed returns: All reward percentages are indicative and not fixed or guaranteed.
You accept that you are participating at your own risk and have conducted your own due diligence.
8. Taxes
You are solely responsible for reporting and paying any taxes applicable to your staking rewards or capital gains.
HugeOne does not provide tax advice.
Consult your local tax authority or advisor for reporting obligations in your jurisdiction.
9. Suspension & Termination
We reserve the right to suspend or modify staking programs:
In response to regulatory changes
To improve platform stability
In case of suspected abuse, fraud, or technical issues
We may terminate your staking privileges if you:
Violate these or general platform terms
Use bots or scripts to exploit staking mechanisms
Attempt to reverse-engineer or interfere with smart contract logic
10. Limitation of Liability
To the fullest extent permitted by law, HugeOne is not liable for:
Losses from token price volatility
Errors in staking transactions
Delays in reward distribution
Gas fee fluctuations
Security risks in user-managed wallets
11. Amendments
HugeOne reserves the right to update these Staking Terms. Any changes will be communicated via the platform or email. Continued participation after changes implies acceptance.
12. Contact Us
If you have questions about these Terms, contact us at:
📧 legal@hugeone.io
🌐 https://hugeone.io