Ordonnia Core Policies Financial Policy

Financial Policy

By Ordonnia Administration Department • Published on 1970-01-01 • No edits

Ordonnia is committed to ensuring the Ordonnia economy stays safe, easy to understand, and balanced. Please understand our protocols and directives for managing your balances in Ordonnia.

Are defined here:

1. Universal Currency

1a. Supply of Universal Currency and exchange rates

Ordonnia's main currency is Universal Currency, stylised as "UC", "U¢" or "UC" (UC with a strikethrough C). Ordonnia reserves itself the right to issue as much Universal Currency as it sees fit, for any price or reward, and at Ordonnia's own discretion.

Our Universal Currency converts to currencies eligible for payouts. The exchange rates for these currencies vary and are available on our website at ordonnia.com, or by contacting Ordonnia Help. Ordonnia reserves itself the right to change these rates at any moment and for any reason. By using our System, you understand this.

1b. Our rights regarding Universal Currency

Universal Currency stays the whole property of Ordonnia and you are not entitled to any of the Universal Currency you have on your Identity, and in particular to the value of it in any other currencies than Universal Currency.

ORDONNIA HAS AN UNALIENABLE RIGHT TO VOID, REMOVE, EDIT, MODIFY, ADD OR GIVE UNIVERSAL CURRENCY TO ANY USER OR ORGANIZATION AS IT WISHES. UNIVERSAL CURRENCY HAS NO RESALE VALUE AND CANNOT BE RESOLD OR EXCHANGED EXCEPT THROUGH OFFICIAL CHANNELS AT ORDONNIA'S WILL. ANY USE OF UNIVERSAL CURRENCY IS SUBJECT TO ORDONNIA'S APPROVAL AND ORDONNIA RETAINS FULL RIGHT AND OWNERSHIP ON BOTH UNIVERSAL CURRENCY AND ITS USAGE. BY OPENING AN ORDONNIA IDENTITY AND USING ITS SERVICES YOU UNDERSTAND THAT YOUR UC BALANCES COULD BE VOIDED OR MODIFIED AT ANY MOMENT AT ORDONNIA'S CONVENIENCE.

2. Transfers

2a. From or to Ordonnia

Ordonnia may run a Payment in Universal Currency to or from you at any time.

2b. Between users

Ordonnia allows its users to transfer Universal Currency from one another. Nevertheless, all transfers must be:

Ordonnia may impose a mandatory verification from Ordonnia Help with every transaction. We may also freeze your funds and hold any transaction between two users should we believe that there is a risk of fraud or mishandling.

Ordonnia may take a fee when transferring Universal Currency. Such fee will always be disclosed before you confirm a transaction.

Transfers between users are non-reversible, except in cases of fraud and theft, where Ordonnia may accept to revert the funds (namely, if they have not been transferred to an external balance).

2c. To an external balance

Ordonnia offers access to a Program called the "Payouts Program" (in this paragraph referred to as "the Program") that allows you to convert your Universal Currency into other currencies. Acceptance into the Payouts Program is done at Ordonnia's discretion. Ordonnia may refuse you access to the Program at any time for any reason, including if you were previously accepted into it.

With rare exceptions, the amount considered eligible for a payout through the Program is the sum of your balance in Universal Currency and the value in Universal Currency of your balance in the requested currency (if you have one).

Exchange rates used for the Program are the ones at the time of reviewing, and not at the time of submitting.

Each Identity has its own limit per calendary year of money they can obtain through the Payouts Program. The default limit is usually set at 2,500 Universal Currency, but that value may be brought up or down by certain factors. Any User may request a manual review of their payout limit and may request for it to be increased.

Ordonnia reserves itself the right to disable your access to transferring to an external balance if:

You may appeal any refusals of payout by contacting Ordonnia Help.

3. Large balances

Ordonnia caps your ability to hold currencies, at:

If you reach those caps, only Ordonnia Help is fit to raise them. Please contact us if you have any inquiries related to this.

4. Exclusions from the System

Ordonnia reserves the right to void your balances and exclude you from all of our payment systems immediately and without delay if:

You may appeal this decision by contacting Ordonnia Help.