NGSCRYPTO has rebranded to Hiddup

Hiddup PTY LTD

Terms & Conditions

The following terms & conditions apply to all information provided by:
Hiddup PTY LTD (ACN 624 825 065)
NGS Group Limited (Hong Kong Company No 1963940)
via the website located at www.hiddup.com, operated by Hiddup PTY LTD (“us”, ‘we”, “our”, “Hiddup”)
 
1 – Hiddup As A Company
Hiddup (ACN 624 825 065) is an Australian-based technology company, and Hiddup Group Limited (Hong Kong Company No 1963940) are separate, independent companies.  For transparency and to clearly distinguish the function and relationship between both companies:
  • NGS Group Limited (NGSG) is the Principal who supplies the blockchain mining products in Australia.
  • Hiddup Pty Ltd (NGSC) is the Agent who provides Member introductions in Australia, to the Principal.
NGSC does not provide any financial services or advice, nor does it have Members, customers, clients, or any other ownership over an individual beyond a communication and relationship management capacity. NGSG generates revenue for its Members through blockchain (or cryptocurrency) mining. 
 

The blockchain mining packages are owned and sold by NGSG do not fall into the definition of a traditional or regulated financial product as they are a leasing agreement via subscription. When a Member subscribes to a blockchain mining package, they are leasing mining facilitation, which offers them a fixed-rate of return, that ranges from 6-16% per annum (per year).

Blockchain mining packages range over a 2, 3, 5, 7 or 10 year term which is agreed upon via an Initial Mining Agreement (IMA). NGSG reserves the right to mine whichever cryptocurrency or blockchain assets necessary to achieve the agreed returns to its Members.

2 – Initial Mining Agreement (IMA)
All Initial Mining Agreements are signed with Hiddup Group Limited (Hong Kong Company No 1963940). All advertised returns, expectations, and forecasted minimum returns are subject to conditions and clauses as stipulated in the IMA. An IMA is a legally binding document that has been drafted by Rankin Business Lawyers in the interest of clearly communicating future expectations of prospective Members and NGSG. NGSG reserves the right to freely distribute its IMA in order to protect our intellectual property. 
 
3 – Potential Earnings & Returns
Note: All figures relative to NGSG Blockchain Mining Packages are based in USD (United States Dollar). All references to other currencies (including, but not limited to: AUD, EURO, YEN, YUAN, and/or or GBP), are given on this website as a guide only, in good faith, to help website visitors make more informed decisions. Please note: any figures presented may be subject to currency transfer or exchange rates, and may vary based on the current rates or calculators used.
 
All advertised returns are subject to a prospective Member’s ability and capacity to undertake a subscription and the signing of an IMA.  NGSG Members will receive the minimum fixed rate of return (based updon the fees earned from mining) as stated in their IMA, which ranges from 6-16% per annum (per year). The returns generated will be dependent on, and determined by:
  • The subscription amount the Member wishes to allocate
  • The IMA term (2, 3, 5, 7 or 10 years)
  • The method in which the subscription is entered into
All returns are paid to Members through their NGSG Account (Dashboard [see section 7 for full information]). 
Members will begin to receive their mining returns within:
  • 2 business days – initial subscription amount < $5,000 USD, or; 
  • 21 business days – initial subscription amount > $5,000 USD
How we pay member returns
 
NGSG credits Members’ accounts (via NGSG Dashboard) on a daily basis. While daily returns may fluctuate slightly, NGSG will credit Members accounts (via NGSG Dashboard) their agreed minimum fixed rate of return on a monthly basis.
 
NGSG Blockchain Mining Package Returns:
 
2-Year (or 24-month) Package Returns:
  • 6% per annum return, minimum subscription amount $10,000 (Earth Package)
  • 7% per annum return, minimum subscription amount $40,000 (Moon Package)
  • 8% per annum return, minimum subscription amount $80,000 (Venus Package)
  • 9% per annum return, minimum subscription amount $139,000 (Mercury Package)
  • 10% per annum return, minimum subscription amount $278,000 (Sun Package)
3-Year (or 36-month) Package Returns:
  • 10% per annum return, minimum subscription amount $10,000 (Earth Package)
  • 11% per annum return, minimum subscription amount $40,000 (Moon Package)
  • 13% per annum return, minimum subscription amount $80,000 (Venus Package)
  • 14% per annum return, minimum subscription amount $139,000 (Mercury Package)
  • 15% per annum return, minimum subscription amount $278,000 (Sun Package)
5-Year (or 60-month) Package Returns:
  • 12% per annum return, minimum subscription amount $10,000 (Earth Package)
  • 13% per annum return, minimum subscription amount $40,000 (Moon Package)
  • 14% per annum return, minimum subscription amount $80,000 (Venus Package)
  • 15% per annum return, minimum subscription amount $139,000 (Mercury Package)
  • 16% per annum return, minimum subscription amount $278,000 (Sun Package)
 7-Year (or 84-month) Package Returns:
  • 12% per annum return, minimum subscription amount $10,000 (Earth Package)
  • 13% per annum return, minimum subscription amount $40,000 (Moon Package)
  • 14% per annum return, minimum subscription amount $80,000 (Venus Package)
  • 15% per annum return, minimum subscription amount $139,000 (Mercury Package)
  • 16% per annum return, minimum subscription amount $278,000 (Sun Package)
10-Year (or 120-month) Package Returns:
  • 12% per annum return, minimum subscription amount $10,000 (Earth Package)
  • 13% per annum return, minimum subscription amount $40,000 (Moon Package)
  • 14% per annum return, minimum subscription amount $80,000 (Venus Package)
  • 15% per annum return, minimum subscription amount $139,000 (Mercury Package)
  • 16% per annum return, minimum subscription amount $278,000 (Sun Package)
 
 4 – Risks Of Cryptocurrency & Crypto Assets:
All prospective and current Members should be aware that we have no control over the price of Bitcoin or other cryptocurrencies, and understand that the crypto market is subject to extreme volatility. Investing in cryptocurrency is generally seen as high risk.

NGSC holds the position that cryptocurrency and blockchain assets are speculative in nature, and should not be compared with traditional or regulated financial products and/or vehicles.

In order to engage NGSG blockchain mining services, you understand that you will be exposing yourself to cryptocurrencies and understand the risks associated with them.
Members should understand that this is an emerging space, and will be subject to changes both within the industry and relevant governing authorities. Cryptocurrencies are generally an unregulated asset, and will come down to the governance of their respective country and legislation.

In order for Members to make an informed decision prior to entering into a blockchain mining subscription, Hiddup recommends that Members have a clear understanding of the following:

  • The technologies that underpin crypto-assets, such as blockchains, distributed ledger technology, cryptography and others; 
  • how crypto-assets are created, transferred and destroyed; 
  • how crypto-assets are valued and traded; 
  • and how crypto-assets are held in custody
In relation to the risks of crypto-assets, prospective & current Members are encouraged to understand the following key risks:
  • Market risk – historically, crypto-assets have demonstrated that their subscription amount performance can be highly volatile and there is a risk they could have little to no value in the future;
  • Pricing risk – it may be difficult to value some crypto-assets accurately and reliably for reasons including the nature of their trading, susceptibility to manipulation, and a lack of identifiable fundamentals. Some crypto-assets may be purely speculative assets;
  • Immutability – most crypto-assets are built on immutable blockchains, meaning that an incorrect or unauthorised transfer cannot be reversed and can only be undone by the recipient agreeing to return the crypto-assets in a separate transaction;
  • Political, regulatory and legal risk – future government and/or regulatory action may affect the value of crypto-assets;
  • Custody risk – Private keys to crypto assets may/can be lost or compromised, resulting in crypto-assets being inaccessible or accessed by unknown third parties without authorisation;
  • Cyber risk – because of the nature of crypto-assets, they are more susceptible to cyber risks than other asset classes;
  • Environmental impact –  some crypto-assets have a large environmental impact (such as electricity consumption in mining), and this may raise other risks, such as increased regulation or negative market sentiment, which could affect the value of crypto-assets.
While Hiddup may provide guidance to help Members better understand cryptocurrencies and blockchain (or digital) assets, we always recommend Members do their own due-diligence and seek relevant financial, taxation and legal advice, prior to the ownership of cryptocurrencies.
 
5 – NGSG Member Responsibilities

All prospective and current Members should understand that they are responsible for the management of their NGSG Account. This includes, transferring or selling their cryptocurrency to their native currency in order to attain returns. For Members wishing to generate consistent returns, they have the ability to withdraw their funds on a daily, weekly or monthly basis – however, these transactions will be subject to transaction fees (see section 10 for full details) and as such, making numerous, small transactions may reduce the returns generated by the Member based on high network fees.

For Members who chose to hold or ‘accumulate’ their returns in BTC, they understand and acknowledge that they are speculating on this asset and this may affect the overall returns generated by the Member in their native currency either positively (if the value of BTC increases) or negatively (if the value of BTC decreases). It is best practice for storage of cryptocurrency or blockchain assets is via ‘hardware’ wallets. These wallets will be the sole responsibility of the Member, including the security and storage of the Member’s Private keys.
 
6 – Return Of Initial Capital
In accordance with our IMA, NGSG agrees to ensure the return of Members initial capital either:
  • At the end of the agreed IMA term (unless these funds are rolled over into a new mining agreement) – this will be no longer than 28 business days.
  • If blockchain mining becomes unprofitable and NGSG is unable to generate the returns as stated in the Members IMA – the refund will normally take place within 90 business days.
Members will have the choice to receive this refund either in Bitcoin (BTC) or USD Coin (USDC) to their nominated digital wallet address.
All Members will receive a notification 30 calendar days prior to their IMA expiring to let them know their account is approaching the end of their IMA term”. If Members do not wish to roll over their funds, they must nominate a BTC or USDC wallet address for funds to be transferred to. If the Member does not communicate with NGSG or NGSC, or request a refund, their funds will be automatically renewed for an additional term.
 
7 – Use of an NGSG Account (Dashboard)
All prospective and current Members should understand that they will need to use an NGSG Account (Dashboard) in order to receive service. The dashboard will show Members their returns, information about their blockchain mining package, and allow them to transact or transfer their crypto assets.
Users will be required to complete a KYC (Know Your Customer) application before an account can be opened. This ensures that NGSG is able to verify the identity of its prospective Members, and protect them from account breaches. KYC approvals are subject to a processing time of 7 business days.
NGSG Members will be required to setup 2-Factor Authentication (2FA) for added security. These will be subject to processing time of 48 hours from submission of required documents (photo with date + identifying legal document).
 
8 – Member Withdrawals
NGS prospective and current Members understand that they are free to withdraw profits from their Hiddup Account at any time (subject to satisfying KYC requirements). Withdrawals are subject to processing times, which are clearly outlined below:
  • Withdrawals under $5000: 24 hours
  • Withdrawals over $5000: 7 business days (+1 business day for requests submitted after standard trading hours of 9am-5pm AEST, GMT+10)
Note: For Self-Managed Super Fund (SMSF) withdrawals, Members will need to complete a wallet verification upon their first transaction. This is subject to a processing time of 14 business days.
 
As stipulated in their IMA, Members are not able to access their initial subscription amount until the completion of their agreed term. 
 
9. Deposits To Hiddup Group
Cryptocurrency Transfers:
For Cryptocurrency, you will be able to generate a digital wallet address upon creating your NGSG Account, after you create a purchase order.
 
Self-Managed Super Fund (SMSF) Transfers:
For SMSF transfers, Members will have to create an SMSF specific account through one of our independent partners. Members will then transfer funds from their SMSF to their registered account and purchase either BTC or USDC. Members will then be able to transfer funds to NGSG via a Cryptocurrency transfer (as listed above).
 
10 – Additional Costs
Whilst NGSG does not charge account keeping or management fees, prospective and current Members will be responsible for any fees associated with the transaction or transfer of funds from Members accounts. These fees are charged by the respective blockchain networks, and will be paid by the Member.
 
11 – Loyalty Bonus
NGSG Members will be rewarded with a loyalty bonus at the end of their term. This be only be rewarded to Members who rollover through the website directly.
 
12 – Use of 3rd Party Independent Financial Partners (Partners)

Hiddup has existing relationships with a number of Australian-based professional services partners. These include, but are not limited to; accountants, mortgage brokers and financial planners/advisors. Hiddup may refer prospective and current Members to its Partners, to receive appropriate financial or taxation advice. Members will not be charged any up-front fees from these partners.

Any fees incurred will be based on the Member agreeing to proceed, and after understanding and agreeing to fees involved, which will be disclosed by the Partners. Prospective and current NGSG Members will always be encouraged to seek their own legal, financial and taxation advice prior to make a decision that may affect their personal circumstances. They are not expected or obligated to use any services from our partners in order to receive service from NGSC or NGSG.

Neither NGSC nor NGSG receive any financial reimbursing or other benefits from any referrals made to these partners.
 
13. Use of 3rd party stories (Testimonials)

All testimonials made in video by NGSG Members are entirely unscripted and based on their experiences with both NGSC and NGSG. These meetings are conducted via zoom, where NGSG Members share their experience, which is then edited and published by Hiddup. These videos are generally viewed and approved by the relevant member prior to being published on the website.

As a way to protect Members privacy, Hiddup does not disclose any particular financial information relating to these Members. Members may disclose particular financial information throughout these videos, however, this information is typically general in nature and should not be relied upon or construed as factual.

All NGSG Members who participate in the video testimonials are offered a small token of appreciate (irrespective of their views) for their participation, and for taking time out of their busy lives to share their experiences. 

While the statements in these videos have been presented to be contextual, accurate and true to the best of our knowledge – they should be interpreted as factual or accurate, and as such, all information presented should be taken as ‘opinion only’ which is presented in good faith.
 
14. Member Case Studies 
All case study names, photos or other identifying information have been altered to protect Member’s identities and privacy and, this  is intended for educational purposes only. All Members current account balances have been calculated based on a Bitcoin (BTC) price as at the date of calculation. 
 
All Members account withdrawals have been based on the ‘Close’ price of BTC, in USD, from information provided by Yahoo Finance (finance.yahoo.com).

All data and calculations have been based on a Members’ commencement dates, and Member withdrawals, as accessed through the dedicated Member portal (available via ngs.ltd) and may not represent actual returns retained by the Member.

Though all data has been gathered, calculated and presented to be as accurate as possible, it is subject to a range of external variables that are not discussed in this article. The aforemented variables may affect the Members’ actual results or returns. 
  • This may include, but is not limited to;
  • exchange rates [including the value of BTC & the value of the USD
  • network or transaction fees
  • taxation
  • the Member’s ability to process transactions
  • whether the gains were realised by the Member once they were withdrawn from their NGSG wallet
  • other such anomalies that were not known or disclosed to NGSC and/or NGSG. 
 
15 – Calculators and Tools 
The calculators and tools utilised on this website are strictly for illustrative purposes only. The results should not be taken as a substitute for professional advice. All reasonable care has been taken in preparing and designing the calculators and tools; however, NGSC provides no warranties and makes no representation that the information provided by the calculators and tools is appropriate for your particular circumstances or indicates you should follow a particular course of action. 
 
16 – Links 
We link to external sites for your convenience and Search Engine Optimisation (SEO) purposes.  When following links to other websites, we encourage you to examine the copyright, privacy and disclaimer notices on those websites. Please report any broken links using our contact page
 
17 – Definitions
To ensure clarity and transparency, we have provided our definition of specific terms that may appear across our website and materials:
  • Investment is defined as a subscription to an individual mining agreement, which leases computer hardware for the purpose of authenticating the validity of new transactions on the blockchain
  • Return is defined as a fee received for authenticating the validity of new transactions on the blockchain
 
 
Last updated: 16.02.2023