The most important ground rules for participation in TradeQoin
- TradeQoin is a business network for entrepreneurs. Invoices and trades are paid with the digital TradeQoin currency.
- 1 TradeQoin coin has a value of 1 Euro.The TradeQoin may only be used for payments and transaction between TradeQoin participants.
- TradeQoin is the ‘third party record keeper’: we enable participants to arrange payments between themselves and other participants in TradeQoin, but are not ourselves responsible for or involved in these transactions.
- TradeQoins cannot under any circumstance be converted to or claimed in Euros.’s. The only exception to this rule is that the TradeQoin organization may obligate participants to compensate a negative balance in TradeQoins with a payment in Euros in the following situations:
If, upon termination of the agreement, a participant is shown to have been unable to redeem a negative balance.
If the previously agreed upon maximum term allowed for compensation of a negative balance is exceeded by more than 2 months.
the purchasing costs for the goods or services delivered amount to more than 50% of the sales price.
the transaction causes the selling participant to exceed his maximum TradeQoin limit. This limit is set at TQ 5.000,- by default and can be altered in consultation with TradeQoin.
TradeQoin has agreed to a different pricing arrangement in writing