Important information

If you’re getting started with Usee, there are a few things you need to know. With Usee you can invest, save and exchange money in a different way than you normally do. Therefore, you should take the time to inform yourself carefully before using Usee for any important transaction. Usee and the related Digital Paper Account with your Public, Saving and Private Key should be treated and protected with the same care as if it is a piggy bank account. In due course of time Usee shall experience a transition into Certificates of Shares (COS) and will be exchanged and traded by (an) eligible (licensed) third Party/ies or Stichting Administratie Kantoor (STAK).

Just like in real life, your Digital Paper Account needs to be secured. Usee makes it possible to purchase, invest and save in a very easy way and allows you to keep your money under control yourself. Such special features are also associated with major security risks. At the same time, if used correctly, Usee can provide information about the required security levels. Always remember that it is your responsibility to maintain good habits to protect your money as much as possible.

Usee’s price/value starts with a stable exchange rate, because Usee operates in a young innovative economy, and is uniquely the only one in the digital (financial) market developed as a Granting, Payment, Saving System, and a network and (a) Community/ies linked to it. Usee has the solemn intention to destine 40% of its profit to CO2 reductive and social projects in due course of time, through a standardized policy, which is developed to procure collaboration with sustainable profitable projects with a win-win component for both the target group and the holders of Usee. Nevertheless, it is advisable to spread your investments, and savings, and not to invest exclusively in buying and saving and (in due time and due course) even paying via Usee. You should never invest money in Usee that you cannot afford to lose. If you convert money to Usee, in accordance with the Usee Investment, Saving and Exchange Program, you can in principle only have it converted after a period of minimum 1 year via our usee.one platform, at Usee and in the (near) future also at various licensed service providers into Euros, for example, and later also into US Dollars or other currencies that are offered by eligible (licensed) exchange providers. However at Usee BV’s sole discretion the initial contract duration can be altered to an earlier or later date for the avoidance of (significant) losses. Usee Account members prior agree when marking “I Agree” during the process to open a free Usee Account in conjunction with the similarly prior agreed Integral Usee Account Agreement terms and Conditions.

A Usee transaction cannot be reversed, it can only be refunded to the person, company or institution that legally is entitled to receive the money. This means making sure you make the right choice as eligible private investor, enterprise or institutional investor with an established reputation.

As a private investor, enterprise or institutional investor you are required to archive the investments and savings you make, and the transferals you obtain. Usee can detect type erroneous, and won’t let you accidentally send money to an invalid address, but it’s best to do your own checks for extra security. In the future, additional services may exist to provide greater choice and protection for businesses and consumers alike

Usee is an innovative, progressive new Granting, Investment and Saving System, and gradually develops in the foreseeable future to become (Digital) Payment System i.a. Digital Debit Card, which is being/ shall be actively developed. Each improvement makes Usee more attractive, but also brings new challenges to light as Usee adoption grows. During these growth phases you may experience (higher) service and transaction costs, slower confirmations, or even more serious problems, such as losses. Be prepared for trouble and consult a technical expert before making any major investments, but keep in mind that no one can predict the future of Usee.

Many improvements are expected in the future that will improve privacy even more. For example, the payment message API is currently being worked on to prevent multiple addresses from being used during a payment. Usee Core change addresses may be implemented in other Digital Paper Wallets over time. Graphical user interfaces can be improved to provide easy-to-use payment request features and discourage address reuse. A lot of research is also being done to develop other potentially more comprehensive privacy features, such as allowing random user transactions to be aggregated.

Just like in everyday life, you should pay close attention to your account. Usee makes it easier than ever to make your saving for duration of at least 1 year at an attractive interest rate that is saved monthly together with the Usee you purchased in your Digital Account. In addition, you always have control over your money. However, these options also come with major security concerns. At the same time, Usee can be very safe if used correctly. Remember that you are responsible for adopting good habits to ensure the safety of your money and Usee.

To protect your privacy, you will be provided new Usee Digital Paper Wallet address every time you purchase Usees, and shall receive you repayment in the corresponding Digital Paper Wallets. In addition, you can use different wallets for different purposes. In this way, each transaction is isolated in such a way that it is not possible to associate them with each other. For instance in someone purchases (a) Usee/s for you they won’t be able to see what Saving and Private Key addresses you have and how much Usee you have in your Usee Account/s. This is one of the most important pieces of advice you should keep in mind.

Because the Usee Granting Payment & Saving System uses a network that is constantly evolving, it is possible to log executed transactions and their IP addresses.

Usee is regularly mistakenly regarded as a system to mask anonymous money transactions. But in reality, Usee is probably the most unique and transparent money granting payment and saving system in the world. At the same time, Usee can also provide acceptable levels of privacy if used appropriately. Remember, it is your responsibility to follow good practices to adequately protect your privacy.

Some online services, called “mixing services”, offer to mix traceability between users by receiving and sending the same amount using independent Usee addresses.

It is important to note that the legality of using such services may vary and is subject to different rules in each jurisdiction. Such services also require your confidence that the individuals they offer will not lose or steal your funds and will not keep a log of your requests. While “mixing services” can break the traceability of small quantities, it is becoming increasingly difficult to do the same for larger investments.

Usee operates with an unprecedented level of transparency, a departure from the norm for most individuals. All transactions conducted within the Usee System are public, traceable, and permanently stored. The allocation and destination of Usees are determined solely by Usee addresses, which users privately generate through their Digital Paper Accounts. Once generated, these addresses bear the imprint of the entire transaction history they are associated with. Individuals who have legitimately obtained or been granted access to open a Usee Account could view the balance and all transactions at their discretion. However, due to the requirement for users to verify their identity with a valid ID to access services or goods, Usee addresses do not offer complete anonymity. Looking ahead, Usee may integrate into a permanent Blockchain solution system. It is imperative that Usee addresses are used only once, and users must exercise caution to prevent the inadvertent disclosure of their addresses.

Transactions do not start out in such a way that they are irreversible. Instead, they get a confirmation score showing how hard it is to reverse it. Each confirmation takes a few seconds to 90 minutes, the average of which is 10 minutes. If the transaction is underpaid or otherwise atypical, it may take much longer to receive the first confirmation.

Some efforts are required to protect your privacy with Usee. All Usee transactions are stored publicly and permanently. However, the identity of the user behind an address remains unknown until the information is revealed during a purchase or in other circumstances. This is one of the important reasons why Usee addresses can only be used once. Always remember that it is also your responsibility to adopt good practices to protect your privacy.