BiyaPay Savings Agreement

General Provisions

Welcome to BiyaPay Savings Services. This Agreement is a legal agreement between you (hereinafter referred to as “User”) and the BiyaPay platform (hereinafter referred to as “Platform” or “We”) regarding savings services. Before using BiyaPay Savings Services, please read and fully understand all contents of this Agreement.

By clicking to agree, accepting this Agreement, or actually using this service, you acknowledge that you have fully read, understood, and accepted all contents of this Agreement, and this Agreement shall take legal effect between you and the Platform.

I. Definitions and Interpretations

1.1 Basic Definitions

1.1.1 Savings Services
Refers to digital asset savings and value-added services provided by the Platform to users, including but not limited to flexible savings, margin savings, interest rate coupon services, auto-subscribe, and other functions.

1.1.2 Savings Products
Refers to various types of digital asset savings products provided by the Platform, including flexible savings products and other types of savings products.

1.1.3 Savings Account
Refers to a dedicated account opened by the user on the Platform for savings services, used to record the user’s savings assets, earnings, and other information.

1.1.4 Margin Account / Futures Account
Refers to an account opened by the user on the Platform for futures trading, used to store futures trading margin.

1.1.5 Funding Account
Refers to the user’s general funding account on the Platform, used for daily fund management.

1.2 Professional Terms

1.2.1 T+0 / T+1

• T+0: Redemption on the same day, funds arrive on the same day
• T+1: Operations on the same day, interest accrual or fund arrival starts from the next day

1.2.2 Annual Percentage Yield (APY)
Refers to the yield rate of savings products calculated on an annual basis, with actual earnings calculated based on actual holding days.

1.2.3 Subscription and Redemption

• Subscription: The act of users purchasing savings products
• Redemption: The act of users withdrawing principal and earnings from savings products

1.2.4 Interest Accrual Period
The period during which savings products calculate earnings. Different products have different interest accrual periods.

II. Service Content

2.1 Flexible Savings

2.1.1 Product Features

• Supports T+0 instant redemption with flexible funds
• T+1 interest accrual starts from subscription, instant redemption upon redemption
• Unified interest calculation, settlement, and distribution daily at UTC 00:00 (08:00 Beijing Time)

2.1.2 Interest Accrual Time Rules

• No interest accrual on subscription day, interest accrual starts from UTC 00:00 the next day
• Previous day’s earnings are settled and automatically distributed daily at UTC 00:00

2.2 Interest Rate Coupon Value-Added Service

2.2.1 Coupon Mechanism

• Interest rate coupons must be used when subscribing to savings products
• Interest rate coupons take effect on T+1, actual interest boost days = validity period - 1 day
• Only one coupon can be active for the same savings product at the same time

2.2.2 Time Concepts

• Coupon validity period: Time from issuance to when it must be used (e.g., must be used within 30 days)
• Coupon validity period: Days of interest boost for that investment after use (e.g., 7 days of interest boost for that investment)
• Actual interest boost days: Validity period - 1 day (due to T+1 interest accrual mechanism)

2.2.3 Usage Rules

• One-time use: Each coupon can only be used once
• Product exclusivity: Only one coupon can be active for the same product at a time, new coupons can only be used after the current validity period ends
• Non-stackable: Multiple coupons cannot be used simultaneously for a single subscription
• Validity period limit: Must be used within the validity period, otherwise expires and becomes invalid
• Coupon limits: If a coupon has a limit set, the portion exceeding the limit does not enjoy interest boost

2.3 Margin Savings

2.3.1 Product Features

• Margin earns interest in place without transferring funds
• Interest settled and earnings distributed hourly
• Interest accrual automatically starts when user opens a position (requires switch to be enabled)
• Interest accrual automatically stops when position is closed, earned interest is retained

2.3.2 Global Switch

• User controls whether margin from all futures positions participates in savings through one global switch
• When enabled: Margin automatically participates in savings interest accrual when futures positions are opened
• When disabled: Futures margin immediately stops participating in savings, earned interest is retained

2.4 Auto-Subscribe Function

2.4.1 Function Mechanism

• Immediate detection when enabled: System immediately detects balance and executes first subscription when user enables the function
• Daily scheduled detection: Automatically detects balance daily at UTC 01:00 (09:00 Beijing Time)

2.4.2 Independent Management by Currency

• Currencies configured independently without affecting each other

III. User Rights and Obligations

3.1 User Rights

3.1.1 Right to Information
You have the right to know all information about savings products, including yield rate, term, risk level, etc.

3.1.2 Fund Control Rights

• You have the right to subscribe or redeem savings products at any time (within product rules)
• You have the right to enable or disable automated functions at any time

3.1.3 Right to Earnings
You have the right to obtain savings earnings according to product rules, and the Platform will distribute earnings on time and in full.

3.1.4 Right to Data Query
You have the right to query all data including savings assets, earnings details, operation history, etc.

3.1.5 Right to Privacy Protection
Your personal information and transaction data are strictly protected, and the Platform will not disclose them to third parties.

3.2 User Obligations

3.2.1 Identity Verification Obligation

• You must complete KYC identity verification to use savings services
• You should ensure that the identity information provided is true, accurate, and complete
• Identity information should be updated promptly when changed

3.2.2 Account Security Obligation

• You should properly keep account passwords, trading passwords, and other security information
• Do not lend or transfer accounts to others
• Immediately notify the Platform if account abnormalities are discovered

3.2.3 Compliance Obligation

• You should comply with all Platform rules and restrictions
• Do not use savings services for illegal activities such as money laundering or fraud
• Do not maliciously obtain earnings or coupons through technical means
• Do not frequently perform abnormal operations that affect system stability

3.2.4 Risk Bearing Obligation

• You should fully understand the risks of digital asset savings
• You should choose savings products based on your own risk tolerance
• You should take responsibility for your own investment decisions

3.2.5 Information Accuracy Obligation

• You should pay timely attention to account status to avoid losses due to improper configuration

IV. Platform Rights and Obligations

4.1 Platform Rights

4.1.1 Rule-Making Right
The Platform has the right to formulate and adjust savings product rules, yield rates, limits, and other parameters according to market conditions and operational needs.

4.1.2 Risk Control Right

• The Platform has the right to implement necessary risk control measures, including but not limited to:
  • Setting subscription and redemption limits
  • Restricting operations of abnormal accounts
  • Suspending or terminating services for abnormal users
  • Suspending subscriptions during extreme market volatility

4.1.3 System Maintenance Right
The Platform has the right to conduct regular or irregular system maintenance and upgrades, which may affect service usage during maintenance periods.

4.1.4 Information Collection Right
The Platform has the right to collect your operation behavior data for legitimate purposes such as risk control and service optimization.

4.1.5 Service Termination Right
For users who violate this Agreement or relevant laws and regulations, the Platform has the right to suspend or terminate their savings services.

4.2 Platform Obligations

4.2.1 Information Disclosure Obligation

• The Platform should clearly disclose key information about savings products, including yield rate, term, risk level, etc.
• Product rule changes should be notified to users in advance
• Earnings calculation methods should be transparent and public

4.2.2 Fund Security Obligation

• The Platform should adopt bank-level security measures to protect user funds
• User funds are managed separately from Platform’s own funds
• Establish comprehensive risk control systems and emergency mechanisms

4.2.3 Earnings Distribution Obligation
The Platform should distribute savings earnings on time and in full according to product rules, and shall not delay or refuse without reason.

4.2.4 User Service Obligation

• Handle user inquiries and complaints promptly
• Answer user questions about savings services

4.2.5 Data Protection Obligation
The Platform should protect user data security and prevent data leakage, tampering, or loss.

V. Risk Warnings

5.1 Market Risks

5.1.1 Earnings Volatility Risk

• Savings product yield rates may be adjusted according to market conditions
• Historical earnings do not represent future earnings

5.1.2 Digital Asset Price Volatility Risk

• Digital asset prices fluctuate dramatically and may affect savings product values
• Extreme market volatility may cause the Platform to suspend services

5.2 Technical Risks

• System failures may cause service interruption
• Network attacks may threaten fund security
• Data loss may affect account queries

You should fully understand and acknowledge the above risks, and use savings services within your risk tolerance.

VI. Fee Description

6.1 Savings Service Fees

6.1.1 Subscription Fees

• Savings product subscription: Free
• Interest rate coupon usage: Free

6.1.2 Holding Fees

• During savings product holding period: Free
• No management fees, custody fees, or other fees charged

6.1.3 Redemption Fees

• Flexible savings T+0 redemption: Free (but loses current period earnings)
• Early redemption fees: Executed according to product rules

6.2 Fee Changes

The Platform reserves the right to adjust fee standards, and fee adjustments will be announced to users in advance.

VII. Exception Handling and Dispute Resolution

7.1 Service Interruption Handling

7.1.1 System Maintenance

• Platform regular maintenance will be announced in advance
• Savings products continue to accrue interest during maintenance

7.1.2 Emergency Failures

• Platform will repair system failures as soon as possible
• Earnings already generated during failures are not affected
• Direct losses caused by failures will be handled through negotiation based on actual circumstances

7.1.3 Extreme Market Conditions

• Platform may suspend subscriptions during severe market volatility
• Extreme liquidity crisis may suspend redemption
• Services will be restored promptly after protective measures are taken

7.2 Dispute Resolution

7.2.1 Negotiation

• When disputes occur, users should first contact customer service for negotiation
• Platform will respond within 24 hours and provide a solution within 5 business days
• Both parties negotiate in good faith

7.2.2 Complaint Mechanism

• Users can file complaints through customer service, email, and other channels
• Platform has a dedicated complaint handling team
• Major complaints reviewed by senior management

7.2.3 Legal Channels

• If negotiation fails, either party may file a lawsuit with the court where the Platform is located
• Laws of the Platform’s registered location apply
• Dispute resolution does not affect execution of other agreement terms

VIII. Agreement Modification and Termination

8.1 Agreement Modification

8.1.1 Modification Right

• Platform has the right to modify this Agreement due to business development, legal and regulatory changes, and other reasons
• Agreement modifications will be notified to users in advance through announcements, in-site messages, and other means
• Major changes will be notified 30 days in advance

8.1.2 Modification Effectiveness

• Agreement modifications take effect from the announcement date
• Your continued use of services is deemed acceptance of the modified agreement
• If you do not accept the modifications, you may stop using the services

8.1.3 Product Rule Adjustments

• Adjustments to savings product yield rates, limits, and other parameters are normal operational activities
• Parameter adjustments will be announced in advance

8.2 Service Termination

8.2.1 User-Initiated Termination

• Users can disable automated functions at any time
• Users can redeem savings products at any time (within product rules)
• Users must redeem all savings products to close account

8.2.2 Platform-Initiated Service Termination
Platform has the right to terminate services to users under the following circumstances:

• User violates this Agreement or other Platform rules
• User engages in illegal or criminal activities
• User account inactive for extended period (over 2 years)
• Legal and regulatory requirements
• Platform ceases operations (requires 90 days advance notice)

8.2.3 Post-Termination Handling

• Users should redeem all savings products before service termination
• Platform assists users in withdrawing remaining assets
• Platform assumes no obligations after termination

IX. Other Terms

9.1 Force Majeure

Platform shall not be liable for service interruption or inability to fulfill obligations due to the following force majeure events:

• Natural disasters (earthquakes, floods, typhoons, etc.)
• Social events such as war, riots, strikes
• Government actions, legal and regulatory changes
• Network attacks, viruses, hacker attacks
• Blockchain network failures
• Other unforeseeable, unavoidable, and insurmountable objective circumstances

When force majeure events occur, Platform will notify users promptly and make best efforts to reduce losses.

9.2 Limitation of Liability

9.2.1 Platform Disclaimer
Platform is not liable in the following circumstances:

• Losses caused by user’s own reasons (improper configuration, password leakage, etc.)
• Investment losses caused by market risks
• Losses caused by force majeure
• Losses caused by user’s violation of rules
• Losses caused by third-party reasons

9.3 Intellectual Property

9.3.1 Platform Rights

• Platform’s trademarks, logos, software, copywriting, etc. enjoy intellectual property rights
• Without permission, users may not use, copy, or disseminate Platform’s intellectual property

9.3.2 User Authorization

• Users authorize Platform to use their data for service provision when using services
• Authorization scope limited to service-related purposes

9.4 Severability

If any provision of this Agreement is deemed invalid or unenforceable, it does not affect the validity of other provisions.

9.5 Language Version

This Agreement may have multiple language versions. In case of conflict, the Simplified Chinese version shall prevail.

X. Contact Information

If you have any questions about this Agreement or need assistance, please contact us through the following methods:

• Online Customer Service: 7×24 hour online service
• Customer Service Email: support@biyapay.com
• Official Website: www.biyapay.com

XI. Agreement Effectiveness

This Agreement takes effect when you click to agree or begin using savings services.

Reminder: Savings carry risks, investment requires caution. Please fully understand product rules and risks before making decisions.

BiyaPay Platform