Terms of Use

Terms and conditions for using TomoChains products.

PLEASE READ CAREFULLY THESE TERMS AND CONDITIONS AS THEY AFFECT YOUR OBLIGATIONS AND LEGAL RIGHTS, INCLUDING, BUT NOT LIMITED TO LIMITATION OF LIABILITY. IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS DO NOT USE OUR SERVICES

AGREEMENT

This Terms of Use is a legal agreement between you (Licensee or you) and TomoChain Pte. Ltd. (UEN: 201716924E), a company incorporated under the laws of Singapore, and its subsidiaries, affiliates and related corporations who own or operate the Services (defined below) (“Company”, “we”, “us” or “our”).

By accessing or using our Services or any part of it, you accept and agree to be bound by the Terms of Use, the Privacy Policy, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. Please read the Privacy Policy to find out how we collect, use, disclose, process and protect your personal data.

If you do not agree to these Terms, you should stop accessing or using our Services immediately. In these Terms, the “Services” means the application owned and operated by the Company including: our websites (the “Site”), TomoWallet, TomoScan, TomoMaster, TomoIssuer, TomoRelayer, TomoStats, TomoBridge and our other products. The “Cryptocurrency(ies)” means a digital currency, also referred to as a token, in which encryption techniques are used to regulate the generation of units of the currency and to verify the transfer of the currency and which operates independently of the central bank of a country. Such digital currency is not legal tender issued by any central bank nor does it confer any interest in the ownership of, or debt relating to, any asset or property.

The Company reserves the right to change, modify, add or remove any of terms contained in these Terms, at any time, for any reason.

ELIGIBILITY

To be eligible to use the Company's Services, you must be at least eighteen (18) years old and be able to form legally binding contracts.

If you are using our Services on behalf of a legal entity, you further represent and warrant that: (a) the legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (b) you are duly authorized by such legal entity to act on its behalf.

You can only use our Services if permitted under the laws of your jurisdiction. Please make sure that these Terms are in compliance with all laws, rules, and regulations that apply to you.

By using our Services, you represent and warrant that you meet all eligibility requirements that we outline in these Terms. We may still refuse to let certain people access or use our Services, however, and we reserve the right to change our eligibility criteria at any time.

RESTRICTIONS OF USING OUR SERVICES

As a user of the Services, we grant you a limited, personal, non-commercial, non-exclusive, non-transferable, and revocable license to use our Services. When using our Services, we ask that you follow some basic rules:

DO NOT Use Our Services to Break the Law.

You agree that you will not violate any laws when using our Services. This includes any local, provincial, state, federal, national, or international laws that may apply to you. You agree that you will not use our Services to pay for, support, or otherwise engage in any illegal activities including, but not limited to, illegal gambling, fraud, money laundering, or terrorist activities. If we discover that you have violated this Agreement or other regulatory requirements by participating in money laundering or by financing terrorist activities, we will take proportional disciplinary action. You further agree not to encourage or induce any third party to engage in any of the activities prohibited under this Section.

DO NOT Interfere With Other’s Use of the Services.

You agree that you will not use or attempt to use another user’s Wallet without authorization or use our Services in any manner that could interfere, disrupt, negatively affect, or inhibit other users from fully enjoying it.

DO NOT Try to Harm Our System.

You agree not to distribute any virus or other harmful computer code through our Services. You also agree to not take any action that may impose an unreasonable or disproportionately large load on our or any of our third party providers’ infrastructure.

DO NOT Attempt to Circumvent Our Security.

You agree not to bypass, circumvent, or attempt to bypass or circumvent any measures that we may use to prevent or restrict access to the Services including, without limitation, other accounts, computer systems, or networks connected to the Services.

Any use of our Services other than as specifically authorized in this Agreement, without our prior written permission, is strictly prohibited and will terminate your license to use our Services.

LIMITATION & DISCLAIMER

Wallet Address, Private Key, and Backup Capabilities.

The private key is connected to the Wallet address and, together, they can be used to authorize the transfer of Cryptocurrencies to and from that Wallet address. You are solely responsible for maintaining the security of your private key and any mnemonic (backup) phrase associated with your Wallet. You must keep your Wallet address, mnemonic (backup) phrase, and private key access information secure. Failure to do so may result in the loss of control of Cryptocurrencies associated with the Wallet.

The Company Cannot Assist With Password Retrieval.

Our Services may store your Wallet address but does not receive or store your Wallet password, encrypted private key, unencrypted private key, or mnemonic (backup) phrase associated with your Wallet. We cannot, therefore, assist you with Wallet password retrieval. We cannot generate a new password for your Wallet if you fail to remember your original password. If you have not safely stored a backup of any Wallet address and private key pairs maintained in your Wallet, you accept and acknowledge that any Cryptocurrencies you have associated with such a Wallet address will become inaccessible if you do not have your Wallet password.

Cryptocurrencies Transactions.

In order to be completed, all proposed Cryptocurrencies transactions must be confirmed and recorded in the Cryptocurrencies of associated public blockchain. By using our Services, you acknowledge and agree that the transaction details you submit may not be completed, or may be substantially delayed, by the TomoChain Networks.

Once transaction details have been submitted via the Services, we cannot assist you to cancel or otherwise modify your transaction. You must ensure that you have an adequate balance in your Wallet and/or gas to complete transactions before initiating a transaction. You acknowledge and agree that we will not be liable for any failed transactions due to insufficient funds or gas associated with your account.

No Control and No Duty over Risk

Any fee that you might pay while using the Services is not a remuneration of the Company for the Services. This fee is to pay for Masternodes who produce the block to maintain the TomoChain blockchain.

The Company provides you with the Services but you are the only person who is liable for any losses, damages, claims related to the use of the Services. The Company assumes no responsibility or liability related to TomoChain's Services.

You understand and agree that the Company have no control over, and no duty to take any action regarding:

  • Failures, disruptions, errors, or delays in processing Cryptocurrencies that you may experience while using the Services;

  • The risk of failure of hardware, software, and Internet connections;

  • The risk of malicious software being introduced or found in the software underlying our Services;

  • The risk that third parties may obtain unauthorized access to information stored within your Wallet, including, but not limited to your Wallet address, private key, and mnemonic (backup) phrase; and

  • The risk of unknown vulnerabilities in or unanticipated changes to the TomoChain Networks.

  • Disasters. Disasters may damage the Cryptocurrencies systems resulting in loss of Cryptocurrencies held by users.

  • Mistakes made by the user of any cryptocurrency-related software or service, e.g., forgotten passwords, and payments sent to wrong coin addresses.

  • Software problems of TomoChain's and/or any cryptocurrency-related software or service, e.g., corrupted wallet file, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the wallet and/or any cryptocurrency-related software or service

  • Technical failures in the hardware of the user of any cryptocurrency-related software or service, e.g., data loss due to a faulty or damaged storage device

  • Security problems experienced by the user of any cryptocurrency-related software or service, e.g., unauthorized access to users' wallets and/or accounts

  • Actions or inactions of third parties and/or events experienced by third parties, e.g., bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties.

  • There is considerable exposure to risk in any crypto-currency exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing economic conditions that may substantially affect the price or liquidity of a currency. Investments in crypto-currency exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. It is for this reason that when speculating in such markets it is advisable to use only risk capital.

ACCURACY OF MATERIALS

The materials appearing on our Services could include technical, typographical, or photographic errors. The Company does not warrant that any of the materials on its Services are accurate, complete or current. The Company may make changes to the materials contained on its Services at any time without notice. However the Company does not make any commitment to update the materials.

COMPLIANCE WITH TAX OBLIGATIONS

The users of our Services are solely responsible to determinate what, if any, taxes apply to their crypto-currency transactions. The owners of, or contributors to, our Services are NOT responsible for determining the taxes that apply to crypto-currency transactions.

ARBITRATION

The user of our Services agrees to arbitrate any dispute arising from or in connection with the service or this disclaimer, except for disputes related to copyrights, logos, trademarks, trade names, trade secrets or patents.

LAST AMENDMENT

This Terms of Use was amended for the last time on February 27, 2020.