Terms Of Conditions

Effective Date: July 20th 2024

Welcome to DIA.Exchange, operated by Latin America Diamond Exchange S.A., a Panamanian company. By using our website and services, you agree to the following terms and conditions. Please read them carefully.

These Terms and Conditions ("Terms") govern your use of the DIA.Exchange website ("Site") and the DIA Token ("Token") issued by Latin America Diamond Exchange S.A. ("Company", "we", "us", or "our"). By accessing or using our Site and purchasing or holding DIA Tokens, you agree to comply with these Terms.

Eligibility

You must be at least 18 years old and a regulated financial institution to open an account and purchase DIA Tokens. Any holder of DIA Tokens, individual or institution, may exchange them for physical diamonds after successful KYC verification.

Account Registration

To use certain features of our Site, you must register for an account. You agree to provide accurate, current, and complete information and to keep your account information updated. You are responsible for maintaining the confidentiality of your account and password.

DIA Tokens

DIA Tokens are digital assets backed by natural diamonds. The Company issues 1,000,000 tokens per carat of diamonds. The total supply of tokens is limited to the number of diamonds held by the Company, with a maximum cap of 21 million carats.

Purchase and Exchange of DIA Tokens

DIA Tokens can be purchased exclusively through our Site by regulated financial institutions. Holders of DIA Tokens may exchange them for physical diamonds listed on our platform after completing KYC verification. The exchange process will follow the current market pricing of diamonds.

No Investment Advice

The information provided on our Site does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the Site's content as such. The Company does not recommend that any cryptocurrency should be bought, sold, or held by you.

Risks

You acknowledge and agree that there are risks associated with purchasing, holding, and using DIA Tokens. These risks include, but are not limited to, market volatility, regulatory changes, and technological failures. You should carefully consider whether trading or holding DIA Tokens is suitable for you in light of your financial condition.

Regulatory Compliance

The Company operates in accordance with applicable laws and regulations in Panama and other jurisdictions where we conduct business. However, we do not guarantee compliance with any other country's laws, including those of the United States. By using our Site, you agree to comply with all local laws regarding online conduct and acceptable content.

Limitation of Liability

To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from (a) your use or inability to use our Site or DIA Tokens; (b) any unauthorized access to or use of our services and your account; (c) any errors or omissions in the Site's content.

Indemnification

You agree to indemnify, defend, and hold harmless the Company, its affiliates, and their respective officers, directors, employees, agents, and representatives from and against any and all claims, liabilities, damages, losses, costs, and expenses (including attorney' fees) arising out of or in connection with (a) your use of the Site or DIA Tokens; (b) your violation of these Terms; (c) your violation of any rights of another party.

Intellectual Property

All content on the Site, including text, graphics, logos, images, and software, is the property of the Company or its licensors and is protected by intellectual property laws. You may not use any content from the Site without prior written permission from the Company.

Termination

We may terminate or suspend your access to our Site and services immediately, without prior notice or liability, for any reason, including if you breach these Terms. Upon termination, your right to use the Site and services will cease immediately.

Governing Law

These Terms shall be governed by and construed in accordance with the laws of Panama, without regard to its conflict of law principles. Any legal action or proceeding arising under these Terms will be brought exclusively in the courts located in Panama.

Changes to Terms

We reserve the right to modify or replace these Terms at any time. If a revision is material, we will provide at least 30 days' notice before any new terms take effect. By continuing to access or use our Site and services after those revisions become effective, you agree to be bound by the revised Terms.