Terms and Conditions

Bits Acceptable Use Policy

Bits are digital content that can only be purchased on Mellow. Mellow introduced Bits as a way for viewers to support creators. As a bits owner, you’re supporting a creator and may receive special benefits like exclusive content, private chat rooms and more.

We want to build a positive experience with Bits on Mellow for creators and their community. One way to do that is to introduce a common understanding of how Bits can serve the community on Mellow, in addition to identifying activities that are not appropriate with Bits. Publishing this Acceptable Use Policy (“Policy” or “AUP”) is a step in that direction.

Bits are not a money instrument

Bits are digital content intended to be purchased and consumed on Mellow, and do not serve as a currency.

Bits should not be purchased as a form of investment

Bits are digital content intended to be purchased and consumed on Mellow, and do not serve as any form of investment.

Usage Guidelines

Two ground rules to orient your Bits experience. Keep these principles in mind whether you are a creator, viewer, or any other party:

Awareness of Risks.

You warrant that you understand that cryptocurrency tokens are inherently highly risky and extremely speculative. They are unregulated, in an early stage of development, with experimental software and business models, no governmental protection of your investment, dramatic price volatility, the strong potential for inadequate documentation, and a high risk of fraud.

You should only invest in Bits if you have substantial technical knowledge and understand the specifics of the offering. Careful due diligence should be undertaken on the projects, network, tokens, and team behind any project. You must understand that yours and others’ investments may not result in a usable or valuable token and you may lose the entire value of your investment.

You are encouraged to consider the advice of and warnings about the significant risks of this sector (including the risk of loss of value and fraud) published by the following jurisdictions:

USA – https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings

UK – https://www.fca.org.uk/news/statements/initial-coin-offerings

Europe – https://www.esma.europa.eu/press-news/esma-news/esma-highlights-ico-risks-investors-and-firms

You warrant that you understand that this list includes all possible risks.

Violations of this Policy

Any violations or attempted violations of this Policy by you (or any third party acting on your behalf) will constitute a violation of the Terms of Service, including this Policy, by you and a material breach of any other applicable agreement, and/or supplements to any applicable agreement(s), with Mellow.

Additionally, a violation may result in civil or criminal liability, and Mellow, in its sole discretion, in addition to any remedy that it may have at law or in equity, may immediately terminate permission for you to use Bits. Mellow may bring legal action to enjoin violations and/or collect damages caused by any violation of any part of this AUP.

Mellow's failure to enforce this AUP in every instance in which it might have application does not amount to a waiver of Mellow's rights.