Terms of Service

Last updated: January 1, 2025

1. Acceptance of Terms

By accessing or using the Bitcoin Music Exchange ("BMX") platform, you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use our services. BMX reserves the right to modify these terms at any time, and your continued use constitutes acceptance of any modifications.

2. Description of Services

BMX provides a platform for the creation, trading, and management of digital artist tokens on the BMX internal ledger, with optional Bitcoin on-ramp/off-ramp settlement. Our services include:

  • Artist token issuance and management
  • Digital wallet services for storing tokens and BMEX
  • A marketplace for trading artist tokens
  • NFT creation and trading capabilities

3. Eligibility

You must be at least 18 years old to use BMX. By using our services, you represent and warrant that you are of legal age and have the legal capacity to enter into these terms. Users from restricted jurisdictions (see Compliance page) are prohibited from using BMX.

4. Account Registration

To access certain features, you must create an account. You agree to provide accurate, current, and complete information during registration and to update such information as necessary. You are responsible for safeguarding your account credentials and for all activities that occur under your account.

5. Artist Tokens - Nature and Limitations

Artist tokens are digital collectibles, NOT securities, equity, or investment contracts. Purchasing artist tokens does not grant you:

  • Ownership stake in any artist, company, or entity
  • Rights to royalties, revenue, or profits
  • Voting rights or governance privileges
  • Any guarantee of value appreciation

Token holders may receive access to exclusive content, experiences, or community features as determined by individual artists, but these are not guaranteed.

6. Fees and Payments

BMX charges fees for various services including token issuance, trading, and withdrawals. All applicable fees are disclosed on our Fee Schedule page. Fees are subject to change with notice. All payments are final and non-refundable unless otherwise stated.

7. Prohibited Activities

You agree not to:

  • Use BMX for any illegal purpose or in violation of any laws
  • Manipulate market prices or engage in wash trading
  • Create fake accounts or impersonate others
  • Attempt to gain unauthorized access to systems or accounts
  • Use automated systems to access BMX without permission
  • Infringe on intellectual property rights

8. Intellectual Property

All content, trademarks, and intellectual property on BMX are owned by or licensed to Bitcoin Music Exchange LLC. Artists retain ownership of their original content but grant BMX a license to display and promote such content on the platform.

9. Disclaimers

BMX IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. WE DO NOT GUARANTEE CONTINUOUS, UNINTERRUPTED ACCESS TO OUR SERVICES. WE ARE NOT RESPONSIBLE FOR ANY LOSSES RESULTING FROM MARKET VOLATILITY, TECHNICAL ISSUES, OR USER ERROR.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BMX AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE PLATFORM.

11. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of law principles.

12. Contact

For questions about these Terms, contact us at: admin@bitmusicex.com