Thank you for your interest in the services provided by Blue Cat Global Limited (“ BLUECAT ” or the “ Company ”), a HK-SAR company. By using the services of BLUECAT, you agree to be bound by the provisions set forth in this agreement (the “Agreement”).
This User Agreement is made by and between you, the LYKA User, and BLUECAT. We may amend or modify this Agreement by posting on the LYKA App or emailing to you the revised Agreement, and the revised Agreement shall be effective at such time. We may (a) modify or discontinue any portion of the BLUECAT services, and (b) suspend or terminate your access to the BLUECAT Services, at any time, and from time to time, without notice to you in certain, limited circumstances described herein. You agree that we shall not be liable to you or any third party for any modification or termination of the BLUECAT services, or suspension or termination of your access to the BLUECAT Services, except to the extent otherwise expressly set forth herein or the LYKA App Terms and Conditions.
Users of the LYKA may purchase in-app GEMs from the Company. Purchase of the GEMs from the Company must be made through the “BUY GEMS” option in the account owned by the relevant registered User, and paid for through any permitted payment method available from time to time by the LYKA. Purchased GEMs shall be reflected in the LYKA Wallet.
Users of the LYKA app may be rewarded with in-app GEMs by the Company, which may be acquired and accumulated through an algorithm based on the User's actual social media interactions in the LYKA. Rewarded GEMs shall be reflected in the LYKA Wallet.
Users may trade GEMs, by mere transfer of GEMs from one person to the other through the LYKA. GEMs received from other Users shall be reflected in the LYKA Wallet.
Users are allowed to use their LYKA GEMs to purchase goods and commodities in-app or redeem prizes in-app. Users are likewise authorized to convert the LYKA GEMs to its cash equivalent in fiat currency upon surrender of the GEMs to the Company (“Conversions”).
Users who opt Conversions shall be required to surrender the GEMs to the Company, using the LYKA. Further, Conversions shall be subject to a service fee of Five (5%) percent of the total amount of the LYKA GEMs to be converted, which fee shall be automatically deducted from the cash equivalent prior to release. This fee shall be net of any applicable taxes, if any. For the avoidance of doubt, in case the five (5%) percent service fee is equivalent to HKD 5,000, and the tax applicable is HKD 10, the Company shall receive the full amount of HKD 5,000 and User shall be liable to pay the HKD 10.
Users who choose Conversions are required to nominate, through the LYKA, their bank account of choice where the User shall expect the cash equivalent to be credited. Once the cash equivalent option is initiated, processed and confirmed in-app, notice will be given by LYKA to the Company to remit to the nominated bank account the cash equivalent of the surrendered LYKA GEMs within three (3) to seven (7) banking days. For this Agreement, the nominated bank account of the signing party shall be that account as provided in your registration with the LYKA App.
The Company will process all Conversions within the timeline provided, but neither the Company nor LYKA can or shall be responsible for payment processing, banking clearance or other matters that may delay receipt by the User of the cash equivalent, which causes are dependent on third parties not related to the Company or LYKA. As such, please ensure you provide your account details accurately. The User is solely responsible for any errors in information the Company receives from the User.
In order to surrender GEMs for conversion to fiat currency, the Company may require the User to submit a copy of his/her government-issued ID (if a natural person) or a Certificate of Incorporation/Certificate of Registration and/or the like (if a juridical person), to confirm the identity of the recipient vis-a-vis the owner of the bank account.
All payments arising from Conversions shall use the User’s LYKA Wallet base currency (i.e. the currency in which the User’s LYKA Wallet is maintained). The base currency used shall be reflected in the LYKA app as “1 GEM = base currency”.
The Company shall only allow conversion of the GEMs owned by the User giving instruction for the conversion, as stored in such User’s LYKA Wallet. The processing of sales of goods and services using the LYKA GEMs are in accordance with the instructions received from its Users. However, LYKA and BLUECAT does not guarantee the identity of any User, receiver or other party.
The timings of all transactions which take place using the LYKA will be logged in its records. As such, Users may check its transactions and balance in the LYKA Wallet when accessing the LYKA.
Users are prohibited from using any BLUECAT Services, services provided to or in relation to other Users, and related third party services, for or in relation to certain activities which contravene the Agreement (“Unauthorized Uses”). This prohibition is designed to protect LYKA GEMs Users from wrongdoing and ensure compliance with local laws and international norms.
These categories are not exhaustive and are designed primarily for illustrative purposes. Any use of the services for the purpose of facilitating, participating in, or acting in relation any Unauthorized Uses can lead to service disruptions, changes in services, account deactivation or reporting to law enforcement. If you believe you are using GEMs or the BLUECAT services for one of the purposes below or are seeking to use BLUECAT services for that reason, or are unsure whether your use or intended use may be a Prohibited Use, you may contact Company or LYKA App for clarity.
Prohibited Uses include transaction or activities related to:
The Company does not operate as an electronic bank, exchange, remittance facility, or acquirer of virtual currency, or any financial institution. For this purpose, the Company is only responsible for the conversion of gift checks/certificates it issued to Users, whether as purchased, rewarded or traded, in accordance with the use of the LYKA. This agreement shall not give rise to any bank-depositor relationship. The Company only guarantees Conversions of GEMs. Trading of GEMs to purchase goods or commodities, or the redemption of prizes shall be subject to LYKA’s terms and conditions for purchase through its on-line store or the Lyka Shop. This User Agreement shall always be subject to the terms and conditions of use of the service of LYKA or the Company, as provided in the LYKA. Relatedly, all provisions of the LYKA Terms and Conditions, including its dispute settlement procedure, shall likewise apply to this Agreement, so far as it does not directly contradict the provisions herein stated.