Rules & Policy
Welcome to RippleBids’ decentralized marketplace on the XRP Ledger. Our rules and policies ensure a secure, fair, and transparent experience for all users and XRPB presale participants. Dive into our futuristic framework below!
Platform Rules
RippleBids is a community-driven marketplace. Users must adhere to these rules to maintain integrity:
- Eligibility: Users must be 18+ and comply with local laws. Know Your Customer (KYC) verification may be required for high-value transactions or presale tiers ($1,001+).
- Prohibited Activities: No illegal activities, including fraud, money laundering, or trading prohibited items (e.g., drugs, weapons, stolen goods). Violations result in account suspension.
- Content Guidelines: Listings must be accurate, non-deceptive, and free of offensive material. RippleBids reserves the right to remove non-compliant listings.
- Security Responsibility: Users secure their XRPL wallets (e.g., Xaman). RippleBids is not liable for losses due to compromised wallets or user error.
- Fees: Platform fees range from 1.5–3.5%, payable in XRPB or XRP, ensuring low-cost transactions compared to Amazon (8–15%) or eBay (13%+).
XRPB Presale Terms
The XRPB token presale (500M of 3B total supply) is governed by these terms to protect RippleBids and investors:
- Purchase Process: Buy XRPB at 5,000 XRPB per 1 XRP via XRPL wallets (e.g., Xaman, XRPL Toolkit). Contributions are recorded on the XRP Ledger.
- Non-Refundable: Presale purchases are final, except where required by applicable law (e.g., consumer protection regulations).
- Distribution: Tokens will be distributed to wallets in Q3 2025, post-presale audit and smart contract deployment.
- Risk Disclosure: Cryptocurrencies are volatile. Investors assume all risks, including potential loss of principal. Consult financial advisors before participating.
- AML/KYC Compliance: RippleBids complies with Anti-Money Laundering (AML) and KYC regulations. Suspicious transactions may be reported to authorities.
- Fund Security: Presale funds are held in a 5/5 multi-signature wallet requiring approval from all board members, ensuring transparency.
Privacy Policy
RippleBids values your privacy and complies with GDPR, CCPA, and other data protection laws:
- Data Collection: We collect minimal data: XRPL wallet addresses, optional email for support, and public XRP Ledger transaction data.
- Data Use: Data is used for transaction processing, customer support, platform improvements, and legal compliance.
- Data Sharing: No third-party sharing except as required by law (e.g., subpoenas, AML reporting).
- Data Security: Industry-standard encryption (e.g., AES-256) and secure servers protect your data.
- User Rights: Request access, correction, or deletion of your data via support@ripplebids.com. Opt out of non-essential communications.
- Cookies: We use essential cookies for functionality. No tracking cookies are used without consent.
Legal Protections
RippleBids is incorporated in Ohio, USA, and operates under these legal frameworks:
- Intellectual Property: RippleBids’ logo, code, and content are copyrighted. Unauthorized use is prohibited.
- Liability Limitation: RippleBids is not liable for indirect damages (e.g., lost profits) or losses due to blockchain failures, wallet hacks, or user errors.
- Termination: Accounts may be terminated for policy violations or at RippleBids’ discretion, with 30 days’ notice where possible.
- Governing Law: Ohio, USA law governs all activities. Disputes are subject to arbitration in Chicago, IL, per AAA rules.
- Indemnification: Users agree to indemnify RippleBids against claims arising from their actions on the platform.
Dispute Resolution
We prioritize fair resolutions for all disputes:
- XRPL Bids: Transactions use XRPL escrow to hold funds until delivery, protecting buyers and sellers.
- Mediation: Post-2026, disputes will be resolved via decentralized governance and community voting on the XRP Ledger.
- Arbitration: Legal disputes are resolved through binding arbitration in Chicago, IL, reducing costs and delays.
- Contact: For issues, contact support@ripplebids.com for prompt mediation.
Policy updates will be posted here and announced on X and other channels. Questions? Reach out at support@ripplebids.com.
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