Pool Service Agreement
The SOQUPOOL merge-mining pool (the "Pool") is owned and operated by Soqucoin Labs Inc. This Pool Service Agreement (the "Terms"), together with our Terms and Conditions and Privacy Policy (collectively, the "Service Agreement"), sets out the rights and obligations of anyone who accesses or uses the Pool (a "User").
By accessing and using the Pool, User accepts the Service Agreement. SOQUPOOL may modify the Service Agreement at any time; User is responsible for reviewing it and any changes. If User does not agree, User must stop using and will not be permitted further access to the Pool.
1. Access is vetted and application-based
Before accessing or using the Pool, User must successfully complete SOQUPOOL's onboarding and verification:
- Standard (individual) Users complete identity verification through our verification processor (iDenfy), including government-ID and sanctions/watchlist screening. One verified identity maps to one account. Identity documents are collected and held by the processor, not by SOQUPOOL (see the Privacy Policy).
- Institutional and genesis Users complete corporate KYC/AML, providing legal-entity documentation, ultimate-beneficial-owner information, and compliance records, and execute this Service Agreement at the institutional tier.
User agrees to provide legal, true, accurate, and complete information and to keep it current. SOQUPOOL may require additional information or documentation at any time to comply with law, regulation, or internal policy, and may decline, suspend, or revoke access accordingly.
2. Services
- SOQUPOOL provides a Scrypt merge-mining pool and related services (the "Service"), through which one stream of work is submitted against Litecoin (primary) and the merged chains Dogecoin and Soqucoin. The Service does not include wallet or custodial services. User controls its own payout addresses.
- User is responsible for providing and bearing the costs of its own mining equipment and connectivity.
- User authorizes SOQUPOOL to compute and distribute mining rewards under the payout terms in section 4.
- SOQUPOOL may modify or interrupt the Service for maintenance, upgrades, or operational reasons, and will use commercially reasonable efforts to minimize disruption.
3. User obligations and security
- User will comply with all applicable laws, rules, and regulations, and will not use the Service for any unlawful purpose or from any prohibited or sanctioned location.
- User authenticates each rig with its account name and a per-account stratum credential, and is responsible for safeguarding its login and stratum credentials.
- Payout addresses are subject to a 48-hour hold after any change, for security and compliance review.
- User acknowledges it uses the Pool and Service at its own risk.
- User will not scrape, data-mine, or use automated means to extract data from the Service beyond its own account data through provided interfaces.
4. Payouts, fees, and launch protections
- Model. Rewards are distributed on a Pay-Per-Last-N-Shares (PPLNS) basis, in cycles at 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 UTC. Litecoin and Dogecoin settle natively; Soqucoin payouts are signed with a post-quantum signature scheme (ML-DSA-44). Minimum payouts: 0.01 LTC, 10 DOGE, 100,000 SOQ.
- Fee. A flat pool fee of 1.50% applies to all Users before Soqucoin mainnet. Users who join before mainnet retain 1.50% permanently; Users who join after mainnet pay 1.69%. There are no other fee tiers and no reward multiplier.
- Launch emission protections (Soqucoin only). To protect the network during the launch period, SOQUPOOL applies, and User agrees to: (a) a per-identity emission cap limiting any single verified identity's share of block emission, calibrated to pool decentralization; and (b) a linear vesting schedule under which Soqucoin emission above a defined per-identity daily threshold is released to the User over a defined period rather than immediately. These apply per verified identity, aggregated across any sub-accounts. They do not reduce the total a User earns; they govern its timing and per-identity concentration.
- Sub-accounts. Institutional Users may operate a master account with sub-accounts. Caps, vesting, and fee terms apply at the master (identity) level.
- Balances on discontinuation. If User's access or rights are discontinued, User is solely responsible for settling the remaining balances in its account; SOQUPOOL will use commercially reasonable efforts to assist. For the avoidance of doubt, SOQUPOOL shall not be responsible or liable to User for any balances remaining in User's account three (3) months after User's access has been discontinued, regardless of whether the balances were left intentionally.
5. Confidentiality
User will not disclose SOQUPOOL Confidential Information, which includes non-public information about the Pool, Service, software, and documentation that is marked confidential or that would reasonably cause competitive harm if disclosed. Confidential Information excludes information that is public, lawfully obtained from a third party without restriction, or independently developed. User's authorized representatives with a need to know may receive it under equivalent confidentiality obligations.
6. Term, termination, and enforcement
- The Service Agreement remains in effect until access is terminated by either party. User may terminate at any time after settling pending transactions.
- Suspension and termination. SOQUPOOL may, at its sole discretion, limit, suspend, or terminate User's access to the Pool and Service if User: becomes subject to bankruptcy or insolvency proceedings; liquidates, dissolves, terminates, or suspends its business; breaches the Service Agreement; fails ongoing KYC/AML or sanctions requirements; or performs any act or omission that materially impacts its ability to adhere to the Service Agreement. SOQUPOOL may further suspend or cancel access, without prior notice, where it suspects the account or the Service is being used in an unauthorized, fraudulent, or unlawful manner. SOQUPOOL will not be liable to User or any third party for any such limitation, suspension, or termination.
- Prohibited conduct constituting breach includes, without limitation: submitting shares from stolen, unauthorized, or botnet-controlled hashpower; block-withholding or other pool-gaming attacks; credential sharing or circumvention of per-account controls; registering multiple accounts across identities; interference with the Service or other Users; and any unlawful use.
- Sanctions. If SOQUPOOL learns, or has reasonable cause to suspect, that User is subject to sanctions under any applicable sanctions program (including OFAC programs), that is a gross breach of the Service Agreement, and SOQUPOOL may immediately suspend the account for an indefinite term and freeze associated payouts as required by law.
- Review. A suspended User may request review by contacting SOQUPOOL. Review may include a renewed identity and compliance check, and it is at SOQUPOOL's sole discretion whether the evidence provided is sufficient to lift the suspension. SOQUPOOL will notify User of the outcome. If a suspension arising from sanctions or suspected unlawful conduct is not resolved by sufficient evidence within one (1) year, SOQUPOOL may terminate the account and shall no longer be obligated to pay remuneration attributable to it, whether or not rewards were already confirmed or displayed in the account, except where payout is required by law.
- Cooperation. SOQUPOOL may report and disclose relevant account information to regulators and law enforcement as described in the Privacy Policy, and preserves records of enforcement actions and their reasons.
- Vested-but-unreleased Soqucoin continues to release on schedule where practicable, subject to compliance holds.
7. Force majeure
SOQUPOOL is not liable for non-performance caused by events beyond its reasonable control, including war, terrorism, sabotage, fire, acts of God, strikes, riots, quarantine, epidemics or pandemics, natural disasters, network or power failures, and regulatory or governmental action. During such an event SOQUPOOL may suspend or terminate the Service.
8. Disclaimer of warranty and limitation of liability
THE SERVICE IS PROVIDED "AS IS", "WHERE IS", AND "AS AVAILABLE", WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY LAW, SOQUPOOL AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND PROVIDERS WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM OR RELATING TO THE SERVICE, EVEN IF ADVISED OF THE POSSIBILITY, INCLUDING LOSS ARISING FROM SERVICE FAILURE OR INTERRUPTION, UNAUTHORIZED ACCESS, THEFT, OPERATOR ERROR, OR FORCE MAJEURE. SOQUPOOL DOES NOT GUARANTEE CONTINUOUS, UNINTERRUPTED, OR SECURE ACCESS. TO THE MAXIMUM EXTENT PERMITTED BY LAW, SOQUPOOL'S AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THE SERVICE AGREEMENT SHALL NOT EXCEED THE POOL FEES EARNED BY SOQUPOOL DIRECTLY IN ASSOCIATION WITH THE HASHPOWER PROVIDED BY USER IN THE SIX (6) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
9. Indemnity
User agrees to indemnify and hold SOQUPOOL harmless from claims, losses, and reasonable attorneys' fees arising from User's use of the Service or breach of the Service Agreement, subject to applicable law.
10. Governing law and dispute resolution
The Service Agreement is governed by the laws of the State of New York, without regard to conflict-of-laws rules. Any dispute will be finally resolved by arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, before a single arbitrator in New York City, in English, and judgment on the award may be entered in any court of competent jurisdiction.