Terms and Conditions

We strictly recommend carefully reading through the Terms And Conditions before proceeding to use our program in any way, shape, or form. Using the program is always going to be at your own risk. 

Balumbo Bot is owned and operated by Ensotech AB.

These are the terms and conditions for: 

 

By accessing the Balumbo Bot website owned by, (hereby "our website”, “the Ensotech AB website” and “the website”) using the Bot, you agree to be bound by these terms and conditions ("Terms") and our Privacy Policy. If you do not accept all of these Terms, then you may not use our website, Bot, and services. In these Terms, "we", "us", "our" and " Ensotech AB" refers to Ensotech AB and "you" and “your" refers to you, the user of Ensotech AB.

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE ACCESSING, USING OR OBTAINING ANY MATERIALS, SOFTWARE, INFORMATION OR SERVICES. 

 

ACCEPTANCE OF TERMS

This agreement sets forth legally binding terms for your use of Balumbo Bot / Ensotech AB. By using Balumbo Bot / Ensotech AB, you agree to be bound by this agreement. If you do not agree to the terms of this agreement, you should leave the Balumbo Bot / Ensotech AB website immediately and not download or use the Bot. We may modify this Agreement from time to time, and such modification shall be effective upon its posting on Balumbo Bot / Ensotech AB. You agree to be bound by any modification to this agreement when you use Balumbo Bot / Ensotech AB after any such modification is posted; it is, therefore, important that you review this Agreement regularly.

Balumbo Bot / Ensotech AB may, in its sole discretion, refuse to offer the services to any entity and change its eligibility criteria at any time. This provision is void where prohibited by law and the right to access the website is revoked in such jurisdictions.

 

ELIGIBILITY

You may use the Bot and services only if you can form a binding contract with Ensotech AB, and only in compliance with these terms and all applicable local, state, national, and international laws, rules, and regulations.

The use of the Bot and services for children under 13 years is prohibited and older children should be supervised and given appropriate guidance in their use of our website and services. It is the responsibility of parents and legal guardians to determine whether any of the content and/or services are appropriate for their child.  

By using the Bot and services, you represent and warrant that you have the full right, power, and authority to enter into this agreement and to fully perform all of your obligations hereunder. You further represent and warrant that you are under no legal disability or contractual restriction that prevents you from entering into this agreement.

 

ENSOTECH AB

Ensotech AB offers through this website an automated algorithmic trading robot.

Features

Technical Analysis: Balumbo offers trading algorithms that rely only on live technical analysis. With Balumbo you can expect realistic profit margins returns.

Security: Balumbo does not accept "withdraw-enabled" API keys. Your funds lie safely on your Exchanges and are not held or withdrawn through Balumbo.

Automated Trades: Depending on what rules you have given your algorithm, Balumbo will automate your trades for you through our servers. This happens 24/7, 365 days a year until you turn it off.

Preferences: With Balumbo you can set your own stop-loss take-profit, the timeframe to trade on, and how much of your account to trade. With many future features coming.

Upcoming: For future references, you can expect updates such as more supported cryptocurrencies, eventually stocks, and Forex currencies. Every trade happens through supported APIs. We currently only support Binance API, currency BTC/USDT.

For more information about our software and services please contact us, through our contact information, our support team will be attentive and available to answer your questions and concerns.

 

HOW DOES IT WORK?

1. You create an account and choose a plan. Via your account’s dashboard, you can then input your personal API-key / Secret-key which will be found on your exchange. Currently, we only support Binance!

2. Once you've connected your Binance API you're ready to go. All you really need to make sure is that you already have available funds on the Binance exchange, otherwise Balumbo won't be able to trade.

3. Once Balumbo has started, you will be able to easily follow Balumbos progress via the dashboard and via every logged trade made.

 

DISCLAIMER

By using the Bot through the payment plans you agree that the Bot does not guarantee profits or benefits. By viewing any material on the website or using the Ensotech AB services through the purchase of the plans, you agree that the use of the Bot is at your own risk and you will not hold any person or entity responsible for any loss or damage that may result from the use of the Bot provided by Ensotech AB.

By registering, purchasing the plans, and using the Bot, you represent and agree that you are solely responsible for the use of the Bot and for distributing your capital and money through it and for any losses or gains that may result from using the Bot. 

Ensotech AB states that Ensotech AB is not making any statement that any account will make a profit or loss by using the Bot.  Ensotech AB does not accept claims from users for losses that may arise from the use of the Bot through payment plans and information available on this website.

 

ACCOUNT AND SECURITY

If you register on Ensotech AB, you will be required to choose a password and username, and you may be asked for additional information regarding your account. You are responsible for maintaining the confidentiality of your password and account information and are fully responsible for all activities that occur under your password or account. You agree to immediately notify Ensotech AB of any unauthorized use of your password or account or any other breach of security, and ensure that you log out from your account at the end of each session. You may never use another User’s account without prior authorization from Ensotech AB. Ensotech AB will not be liable for any loss or damage arising from your failure to comply with this agreement.

You may control your user profile and how you interact with the service by changing the settings in your account. By providing Ensotech AB with your email address, you consent to our use of such an email address to send you notices regarding the service, including those required by law, in lieu of ordinary mail. We may also use your email address to send you other messages, such as changes to service features and special offers. If you do not wish to receive these emails, you may opt-out of receiving them by sending us your request via the contact information. Unsubscribe out may prevent you from receiving emails about updates, upgrades, or offers.

 

ACCOUNT DELETION AND TERMINATION

The users may terminate their accounts any time, for any reason, by following the instructions on Ensotech AB. That termination will only result in the deletion of the account and the deletion of all the personal data granted to Ensotech AB.

Ensotech AB reserves the right to terminate your account or your access immediately, with or without notice to you, and without liability to you, if Ensotech AB believes that you have breached any of these terms, furnished Ensotech AB with false or misleading information, or interfered with the use of the website or the service by others.

 

PLANS

Ensotech AB offers the following monthly plans:

  • Balumbo Crypto

  • Balumbo Crypto Plus (Soon)

Ensotech AB offers a 14 trial period to test the plan's features before moving to a payment plan. No credit card is required to access the trial period. Once the trial period is over, the user will be able to upgrade to a paid plan.

When you place an order for a plan, you are offering to buy the plan for the advertised price declared on the website, in accordance with the features offered on the website. Please check the price and characteristics of the plan, before placing an order.

When a website user with the intent to purchase a plan on the website, places an order, Ensotech AB will send that user an email to confirm that the order has been received. This email confirmation will be produced automatically so that the user has confirmation of their plan details. The plan will be active and will show when the next payment date is. 

Ensotech AB may cancel any sale and not supply services if it is reasonable to do so and may change or discontinue the availability of the plans at any time at its sole discretion. If an order is canceled, any payment made for the plan will be refunded in full. This does not affect your statutory rights.

 

AUTOMATIC RENEWAL

The plan includes automatic recurring payments. You authorize Ensotech AB to renew your plan and to be charged periodically and progressively. The plan billing date is the date when you purchase your first plan. Your account will be charged automatically on the Plan Billing Date all applicable fees for the next plan period. The plan will continue unless and until you cancel your plan or we terminate it. You must cancel your plan before it renews in order to avoid billing of the next periodic plan fee to your account. We will bill the periodic plan fee to the payment method you provide to us during registration.

The plans will automatically renew for an additional period unless canceled before the plan start date. Canceled Accounts will immediately lose access to paid features on the Platform.

 

PRICES

Ensotech AB reserves the right to determine to price for the plans. Ensotech AB will make reasonable efforts to keep pricing information published on the website up to date. We encourage you to check our website periodically for current pricing information. Ensotech AB may change the fees for any plan or service, including additional fees or charges. Ensotech AB, at its sole discretion, may make promotional offers with different features and different pricing to any of Ensotech AB users.

 

PAYMENTS

Plans will be paid through “PayPal” and “Stripe” (payment platforms available on Ensotech AB).

Payment will be debited from your credit card, debit card or PayPal account immediately on you placing the order for the plan you have purchased. Upon processing a transaction, we will issue you with an electronic transaction receipt which will be sent to the email address you provide. 

Your payment information will be treated and safeguarded with total security and with the exclusive purpose of processing the purchase of the plans. Ensotech AB reserves the right to contract any payment platform available in the market, which treats your data for the exclusive purpose of processing the purchase of the plans.

 

SOFTWARE USE LICENSES

Ensotech AB gives you a personal, worldwide, royalty-free, non-assignable and non-exclusive license to use the software provided to you by Ensotech AB as part of the services. This license is for the sole purpose of enabling you to use and enjoy the benefit of the services as provided by Ensotech AB, in the manner permitted by these terms. You may not copy, modify, distribute, sell, or lease any part of our services or included software, nor may you reverse engineer or attempt to extract the source code of that software, unless laws prohibit those restrictions or you have our written permission.

The user agrees not to use the software and the services negligently, for fraudulent purposes or in an unlawful manner. Likewise, the user agrees not to partake in any conduct or action that could damage the image, interests, or rights of the Ensotech AB Bot or third parties.

 

THIRD-PARTY MATERIALS.

“Third-Party Materials” means any content, images, videos, texts or other material that is owned by a third party, such as stock images, videos, and texts. Such Third-Party Materials are subject to the applicable third-party terms and licenses, and may only be used as permitted by such terms and licenses.

 

INTELLECTUAL PROPERTY OF THE SOFTWARE

The intellectual property and all copyrights pertaining to the software provided as part of the services, belong to Ensotech AB. Ensotech AB assigns to the customer all rights, title, and interest in the software, solely for personal use and to fulfill the commercial purposes of the users' business. The right to exploit the product and the commercial license is not included and can only be granted with the permission of Ensotech AB. Unauthorized use of the software or the available content of the software without the respective commercial licenses may cause a violation of copyright and result in a lawsuit, as provided by the copyright laws of the European Union and the United Kingdom.

 

 

GENERAL COPYRIGHT

All content included on this website and the Bot, such as text, graphics, logos, button icons, images, video, audio clips, data compilation, and software, is the property of Ensotech AB, its merchants, or its content suppliers and protected by international copyright laws. The compilation of all content on this website and the Bot is the exclusive property of Ensotech AB and protected by international copyright laws. All software used on the Bot is the property of Ensotech AB or its software suppliers and protected by international copyright laws.

You have no authorization to copy, transmit, distribute, display, republish, post, or upload from our Bot and website in any way without our prior written approval, or stated otherwise on our site. Any alterations or use of content outside the guidelines of this Terms and Conditions violates intellectual property rights. By accessing our website, you do not own any rights or titles to our content or other intellectual properties.

 

 

COPYRIGHT COMPLAINTS 

Ensotech AB respects the intellectual property of others and expects users to do the same. If you believe, in good faith, that any materials provided on or in connection with the Ensotech AB website infringe upon your copyright or other intellectual property rights, please send the following information to: 

  1. Identification of the intellectual property right that is allegedly infringed. All relevant registration numbers, or a statement concerning the ownership of the work, should be included.

  1. A statement specifically identifying the location of the infringing material, with enough detail that Ensotech AB may find it on the Ensotech AB Site.  Please note: it is not sufficient to merely provide a top-level URL.

  1. Your name, address, telephone number, and e-mail address.

  1. A statement by you that you have a good faith belief that the use of the allegedly infringing material is not authorized by the owner of the rights, or its agents, or by law.

  1. A statement by you, made under penalty of perjury, that the information in your notice is accurate, and that you are the copyright owner or authorized to act on the copyright owner's behalf.

  1. An electronic or physical signature of the owner of the copyright or the person authorized to act on behalf of the owner of the copyright interest.

 

RESALE OF SERVICES

Users may not resell the services to any other party without prior written permission from Ensotech AB, which may be granted or withheld in Ensotech AB sole discretion.


 

PROHIBITED ACTIVITIES

The content and information available on the website and Bot (including, but not limited to, data, information, text, music, sound, photos, graphics, video, maps, icons or other material), as well as the infrastructure used to provide such Content and information, is proprietary to  Ensotech AB or licensed to the Ensotech AB by third parties. For all content other than your content, you agree not to otherwise modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell or re-sell any information, software or services obtained from or through the website. Additionally, you agree not to:

 

  1. Use the services or content for any commercial purpose, outside the scope of those commercial purposes explicitly permitted under this agreement and related guidelines as made available by Ensotech AB;

 

  1. Access, monitor, reproduce, distribute, transmit, broadcast, display, sell, license, copy or otherwise exploit any Content of the Services, including but not limited to, using any robot, spider, scraper or other automated means or any manual process for any purpose not in accordance with this Agreement or without our express written permission;

 

  1. Violate the restrictions in any robot exclusion headers on the Services or bypass or circumvent other measures employed to prevent or limit access to the services;

 

  1. Take any action that imposes, or may impose, in our discretion, an unreasonable or disproportionately large load on our infrastructure;

 

  1. Deep-link to any portion of the services for any purpose without our express written permission;

 

  1. "Frame", "mirror" or otherwise incorporate any part of the services into any other websites or service without our prior written authorization;

 

  1. Attempt to modify, translate, adapt, edit, decompile, disassemble, or reverse engineer any software programs used by Ensotech AB in connection with the services;

 

  1. Circumvent, disable or otherwise interfere with security-related features of the services or features that prevent or restrict use or copying of any content; 

 

  1. Download any content unless it’s expressly made available for download by Ensotech AB.

 

DISCLAIMER OF WARRANTIES 

Ensotech AB will provide its services with reasonable skill and care but does not give any guarantees, warranties, or representations in respect of any other person's services.

Because of the nature of the Internet Ensotech AB provide and maintains the website on an "as is", "as available" basis and makes no promise that use of the Bot will be uninterrupted or entirely error-free. We are not responsible to you if we are unable to provide our Internet services for any reason beyond our control.

Our website may from time to time contain links to other websites that are not under the control of and are not maintained by us. These links are provided for your convenience only and we are not responsible for the content of those sites.

Except as provided above we can give no other warranties, conditions, or other terms, express or implied, statutory or otherwise and all such terms are hereby excluded to the maximum extent permitted by law.

You will be responsible for any breach of these terms by you and if you use the Bot in breach of these terms you will be liable to and will reimburse Ensotech AB for any loss or damage caused as a result.

Ensotech AB will not be liable in any amount for failure to perform any obligation under this agreement if such failure is caused by the occurrence of any unforeseen event beyond its reasonable control including without limitation Internet outages, communications outages, fire, flood, war or act of God.

These terms do not affect your statutory rights as a consumer which are available to you.

Subject as aforesaid, to the maximum extent permitted by law, Ensotech AB excludes liability for any loss or damage of any kind howsoever arising, including without limitation any direct, indirect or consequential loss whether or not such arises out of any problem you notify to  Ensotech AB and  Ensotech AB shall have no liability to pay any money by way of compensation, including without limitation all liability in relation to:

  • Any incorrect or inaccurate information on Ensotech AB;

  • The infringement by any person of any Intellectual Property Rights of any third party caused by their use of The Website or any product or service purchased through the website;

  • Any loss or damage resulting from your use or the inability to use the web site or resulting from unauthorized access to, or alteration of your transmissions or data in circumstances which are beyond our control;

  • Any loss of profit, wasted expenditure, corruption or destruction of data or any other loss which does not directly result from something we have done wrong;

  • Any amount or kind of loss or damage due to viruses or other malicious software that may infect a user's computer equipment, software, data or other property caused by persons accessing or using content from The Website, or from transmissions via emails or attachments received from Ensotech AB.

  • All representations, warranties, conditions and other terms which but for this notice would have effect.

 

 

ENSOTECH AB AND THIRD PARTIES

Ensotech AB contains content of third-party licensors to Ensotech AB, which is protected by copyright, trademark, patent, trade secret, and other laws. Ensotech AB owns and retains all rights, title, and interest in the content. Ensotech AB hereby grants to you a limited, revocable, non-sublicensable license to Stream and/or view the content and any third-party content located on or available through Ensotech AB or service (excluding any software code therein as set forth above) solely for your personal, non-commercial use in connection with the use of the Bot.

Any dealings with third parties included within or on Ensotech AB involving the delivery of and payment for goods and services, or any other terms, conditions, warranties, or representations associated with such third parties, are solely between you and that third party. Ensotech AB is neither responsible nor liable for any part of such dealings or promotions. Any reference to any third party or the products or services of any third party on Ensotech AB does not constitute an endorsement or recommendation of such third party or the product or services of such third party by Ensotech AB or any of its employees, officers, independent contractors, agents or other representatives. Any reference to any third party on Ensotech AB is provided to you for informational purposes only. Ensotech AB encourages you to conduct your own research and due diligence regarding such third parties and their products and services. While Ensotech AB works to ensure the information on Ensotech AB is current and accurate.

 

NON-COMMERCIAL USE

The Bot may not be used in connection with any commercial purposes, except as specifically approved by Ensotech AB. Unauthorized framing of or linking to any of Ensotech AB is prohibited. Commercial advertisements, affiliate links, and other forms of content without notice and may result in termination of users privileges.

 

SECURITY COMPONENTS

You understand that Ensotech AB and software embodied within Ensotech AB may include security components that permit digital materials to be protected, and that use of these materials is subject to usage rules set by Ensotech AB and/or content providers who provide content to Ensotech AB platform. You may not attempt to override, disable, circumvent or otherwise interfere with any such security components and usage rules embedded into Ensotech AB.

 

 

ELECTRONIC COMMUNICATIONS

No responsibility will be accepted by Ensotech AB for failed, partial or garbled computer transmissions, for any computer, telephone, cable, network, electronic or Internet hardware or software malfunctions, failures, connections, availability, for the acts or omissions of any service provider, internet accessibility or availability or for traffic congestion or unauthorized human act, including any errors or mistakes. 

 

INDEMNIFICATION

You agree to defend and indemnify Ensotech AB from and against any claims, causes of action, demands, recoveries, losses, damages, fines, penalties or other costs or expenses of any kind or nature including but not limited to reasonable legal and accounting fees, brought by third parties as a result of:

  • Your breach of this agreement or the documents referenced herein.

  • Your violation of any law or the rights of a third party.

  • Your use of the Ensotech AB software and services.

 

 

CHANGES AND TERMINATION

We may change the website, the app and these terms at any time, in our sole discretion and without notice to you. You are responsible for remaining knowledgeable about these terms. Your continued use of the site constitutes your acceptance of any changes to these Terms and any changes will supersede all previous versions of the terms. Unless otherwise specified herein, all changes to these Terms apply to all users take effect. Furthermore, we may terminate this agreement with you under these Terms at any time by notifying you in writing (including by email) or without any warning.

 

PERSONAL DATA

Any personal information you post on or otherwise submit in connection with the services and the use of the platform will be used in accordance with our Privacy Policy. Please refer to our Privacy Policy. Our Privacy Policy is written according to the GDPR (General Data Protection Regulation - European regulation).

 

ASSIGNMENT

This agreement and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by Ensotech AB without restriction.

 

INTEGRATION CLAUSE

This agreement together with the Privacy Policy and any other legal notices published by Ensotech AB, shall constitute the entire agreement between you and Ensotech AB concerning and governs your use of the platform and website.

 

DISPUTES

You agree that any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation or validity thereof or the use of the Ensotech AB website, will be settled by binding arbitration between you and  Ensotech AB, except that each party retains the right to bring an individual action in small claims court and the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a party’s copyrights, trademarks, trade secrets, patents or other intellectual property rights. You acknowledge and agree that you and Ensotech AB are each waiving the right to a trial by jury or to participate as a plaintiff or class in any purported class action or representative proceeding. Further, unless both you and Ensotech AB otherwise agree in writing, the arbitrator may not consolidate more than one person's claims, and may not otherwise preside over any form of any class or representative proceeding. 

 

HEADINGS

Headings are for reference purposes only and in no way define, limit, construe or describe the scope or extent of such section. Our failure to act with respect to a breach by you or others does not waive our right to act with respect to subsequent or similar breaches. These terms set forth the entire understanding and agreement between us with respect to the subject matter therein.

 

FINAL PROVISIONS

These terms are governed by the law of Sweden and The European Union. Use of our Bot is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this paragraph.

Our performance of these Terms is subject to existing laws and legal process, and nothing contained in these Terms limits our right to comply with law enforcement or other governmental or legal requests or requirements relating to your use of our website or information provided to or gathered by us with respect to such use.

If any part of these Terms is found to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired. Our failure or delay in enforcing any provision of these Terms at any time does not waive our right to enforce the same or any other provision(s) hereof in the future.

Any rights not expressly granted herein are reserved.

 

By using our program I hereby accept the Terms And Conditions regarding any usage of Balumbo. I am aware that using Balumbo in any circumstance is on my own risk.

With ❤️ from Stockholm, Sweden
© 2020 by Ensotech AB