1.3. The information provided on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.
1.6. For the convenience of the users, all content on this Site may be available in multiple languages. In case of any conflict between different language versions of such content or any omission in any language version, the English version of such content shall prevail.
1.7. Where the Company has published a document that is referred to within these Terms (such as a policy document), that document shall also form part of these Terms and shall be deemed to have been agreed to by you. In the event of any conflict between these Terms and a document referenced within them, these Terms shall prevail.
"Digital Assets" means blockchain-based assets or rights, or other similar digital representations of rights or assets;
“TomoChain” means the TomoChain public blockchain secured by the Masternode Infrastructure which are full-nodes that create, verify and validate new blocks in the TomoChain public blockchain.
“TRC21 wrapped token" means a TRC21 Token is hosted on the TomoChain public blockchain, issued by the Company and backed by an equal amount of the underlying digital asset.
“Wrapping”, “Wrap" means the action to swap an amount of an original digital asset for the corresponding TRC21 wrapped token on TomoChain.
“Unwrapping”, “Unwrap" means the action to swap an amount of TRC21 wrapped tokens for the original digital assets.
"Platform" means the cross-chain transfer module for interoperability between TomoChain public blockchain and other crypto assets chains operated by the Company which is offered from time to time on or through the Site.
"Site" means the Internet website bridge.tomochain.com.
“Wallet” means a combination of a user’s public address and corresponding private key (or mnemonic phrase or keystore file with password) that holds any digital assets that are created and/or received on any public blockchains, which may associate with corresponding transactions related to this address.
(a) clause and paragraph headings shall not affect the interpretation of these Terms;
(b) a reference to a person shall include a reference to an individual, firm, company, corporation, partnership, unincorporated body of persons, government, state or agency of a state or any association, trust, joint venture or consortium (whether or not having separate legal personality) and that person’s personal representatives, successors, permitted assigns and permitted transferees;
(c) unless the context otherwise requires, words in the singular shall include the plural and in the plural shall include the singular; and
(d) unless the context otherwise requires, a reference to one gender shall include a reference to the other genders.
3.1. You can only use our Platform 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.
(a) you are at least eighteen (18) years old and be able to form legally binding contracts. Persons under the age of 18 are not permitted to use the Site;
(c) all personal information that you provide about yourself is accurate and true to the best of your knowledge;
(d) you have carefully considered the risks involved with using the Site and the Platform, and also the risks associated with digital assets and wrapping/unwrapping technologies including but not limited to the possibility of losing all the digital assets you have;
(e) you will only ever use your legally own digital assets unless you are authorized on behalf of a third party (“Third Party“) and we agree that you may act on behalf of that Third Party. We may request that you provide written authorization from the Third Party confirming you have the necessary authority to wrap/unwrap digital assets on their behalf;
(g) you are not breaking any laws or regulations that are applicable to you or any company, trust or partnership upon whose instructions you are acting;
(h) you will not use the Site or the Platform in order to disguise the proceeds of, or to further, any breach of applicable laws or regulations, or to deal in any contraband digital assets or proceeds;
(i) any trading or other instructions received or undertaken through your signature credentials are deemed to be valid, binding, and conclusive, and that the Company may act upon those instructions without any liability or responsibility attaching to it; and
(j) your use of the Platform does not violate any laws or regulations applicable in your country of residence.
4.1. In charge of interoperability between mainstream blockchains and TomoChain public blockchain, the Platform will:
Lock original digital assets on the original blockchains and create a corresponding amount of TRC21 wrapped tokens on TomoChain if and only if there is a successful process of swapping from the original digital asset and this process must be validated by a set of multi-signature validators
Unlock original digital assets on the original blockchains and burn a corresponding amount of TRC21 wrapped tokens on TomoChain if and only if there is a successful process of swapping back from the TRC21 wrapped tokens on TomoChain and this process must be validated by a set of multi-signature validators. All is to maintain a one-to-one peg between the original assets and the corresponding TRC21 wrapped tokens.
4.2. Wrapping original digital assets from other chains to TRC21 wrapped tokens
4.2.1. The user who shall swap an amount of an original asset for the corresponding TRC21 wrapped token on TomoChain needs to interact with the Platform.
4.2.2 The user must log in the Platform by connecting his/her TomoChain wallet using one of the available options.
4.2.3. The user must then transfer their original digital asset to a specific multi-signature wallet address provided by the Platform, which keeps the assets locked and only unlocks it if there is a successful process swapping from TRC21 wrapped tokens to the original assets.
The user assumes all liability for any losses incurred as a result of transfer to an incorrect address (such as an address not provided by the Platform or an address not associated with the specific original digital asset). The Company is not responsible for any losses or for taking any actions to attempt to recover such original digital assets. If the funds are recoverable, we may in our sole discretion attempt to recover the funds, but such recovery efforts are in no way guaranteed
The Company makes no representations or warranties regarding the amount of time that may be required to complete the transfer of your original digital assets to the specific multi-signature wallet address.
4.2.4. Once completed, the user shall receive the corresponding TRC21 wrapped token with an amount corresponding to the amount the user has locked in the multi-signature wallet. The address of the wallet that logs in the Platform shall be the address for receiving TRC21 wrapped tokens.
4.3. Unwrapping from TRC21 wrapped tokens for original digital assets
4.3.1. The user who shall swap an amount of TRC21 wrapped tokens for the original digital assets needs to interact with the Platform.
4.3.2. The user must log in the Platform by connecting his/her TomoChain wallet using one of the available options.
4.3.3. The user must provide a valid address that the user would like to receive the original digital asset. This address must be valid to the address format used by the blockchains where the original digital assets are from. This address shall be used as the recipient to receive the original digital assets unlocked from the multi-signature wallet.
-The user assumes all liability for any losses incurred as a result of providing an incorrect address (such as an address not provided owned by the user). The Company is not responsible for any losses or for taking any actions to attempt to recover such original digital assets. If the funds are recoverable, we may in our sole discretion attempt to recover the funds, but such recovery efforts are in no way guaranteed
4.3.4. The user must then enter the amount of the TRC21 wrapped tokens the user wants to unwrap. The Platform then asks the user to make a transaction to the TomoChain blockchain. Once the transaction is confirmed by the user and successfully executed by the Blockchain, the exact amount of the wrapped TRC21 token that the user wants to unwrap must be reduced from the user’s balance by the Blockchain.
4.3.5. After the transaction to the Platform reaches 30 confirmations on TomoChain, the Platform shall take a small unwrapping fee that serves as transaction fees for all multi-signature validators to reach a consensus. Once the consensus between all validators is reached, a transaction shall be made and signed by all validators in order to unlock the corresponding original digital assets and send to the address provided by the user.
The user assumes all liability for any losses incurred as a result of providing an incorrect address (such as an address not owned by you or an address not associated with the specific original digital asset). The Company is not responsible for any losses or for taking any actions to attempt to recover such original digital assets. If the funds are recoverable, we may in our sole discretion attempt to recover the funds, but such recovery efforts are in no way guaranteed.
The Company makes no representations or warranties regarding the amount of time that may be required to complete the transfer of the corresponding original digital asset to the user.
5.1. The wrapping process is free.
5.2. The unwrapping process costs you a small fee which serves as transaction fees for all multi-signature validators to reach a consensus. In consideration for the use of the Platform, you agree to pay the fees, as set forth in our fee schedule displayed on the Site (“ Bridge Fee”) (link), which the Company may revise or update in its sole discretion from time to time. By using our Services, you acknowledge your acceptance of those fees.
The users of the Platform are solely responsible to determine what, if any, taxes apply to their transactions. The Company does not provide any advice or guidance in relation to tax or otherwise. The Company is NOT responsible for determining the taxes that apply to your transactions. It is your responsibility to ensure that any tax liabilities which you incur are paid to the relevant taxation authority.
7.1. Unless otherwise indicated, the Site is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (collectively, the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights and unfair competition laws of Singapore, foreign jurisdictions, and international conventions.
7.3. Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks.
8.1. As a user of the Platform, we grant you a limited, personal, non-commercial, non-exclusive, non-transferable, and revocable license to use the Platform.
8.2. You may not:
use the Site or the Platform to disguise the proceeds of, or to further, any breach of applicable laws or regulations, or to deal in any contraband digital assets, funds, or proceeds. This includes any local, provincial, state, federal, national, or international laws that may apply to you. You agree that you will not use the Platform 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.
wrap or unwrap digital assets on or through the Site, or use the Platform, with anything other than funds, keys, or digital assets that have been legally obtained by you and that belong to you
use the Site or the Platform to interfere with or subvert the rights or obligations of the Company or the rights or obligations of any other Site user or any other third party without authorization or use the Platform in any manner that could interfere, disrupt, negatively affect, or inhibit other users from fully enjoying it.
wrap or unwrap digital assets using inaccurate information presented by the Site or by the Company or take advantage of any technical glitch, malfunction, failure, delay, default, or security breach
distribute any virus or other harmful computer code through the Platform. 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.
bypass, circumvent, or attempt to bypass or circumvent any measures that we may use to prevent or restrict access to the Platform including, without limitation, other accounts, computer systems, or networks connected to the Services.
9.1. The Site may contain (or you may be sent via the Site) links to other websites ("Third-Party Websites") as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software, and other content or items belonging to or originating from third parties ("Third-Party Content").
9.2. Such Third-Party Websites and Third-Party Content are not investigated, monitored, or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any Third-Party Websites accessed through the Site or any Third-Party Content posted on, available through, or installed from the Site, including the content, accuracy, offensiveness, opinions, reliability, privacy practices, or other policies of or contained in the Third-Party Websites or the Third-Party Content.
9.4. You should review the applicable terms and policies, including privacy and data gathering practices, of any website to which you navigate from the Site or relating to any applications you use or install from the Site. Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party.
9.5. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites.
101.1. We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Site. We also reserve the right to modify or discontinue all or part of the Platform and the Site without notice at any time.
10.2 We will not be liable to you or any third party for any modification, suspension, or discontinuance of the Site.
10.3. We cannot guarantee the Site will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Site, resulting in interruptions, delays, or errors.
10.4. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Platform at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Platform and Site during any downtime or discontinuance of the Site.
There may be information on the Site that contains typographical errors, inaccuracies, or omissions that may relate to the Site, including descriptions, pricing, availability, and various other information. the Company does not warrant that any of the materials on the Site are accurate, complete or current. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice. However the Company does not make any commitment to update the materials.
THE SITE IS PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SITE AND OUR SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SITE AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SITE’S CONTENT OR THE CONTENT OF ANY WEBSITES LINKED TO THE SITE AND WE WILL ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY (1) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS, (2) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF THE SITE, (3) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (4) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SITE, (5) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SITE BY ANY THIRD PARTY, AND/OR (6) ANY ERRORS OR OMISSIONS IN ANY CONTENT AND MATERIALS OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE SITE. WE DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SITE, ANY HYPERLINKED WEBSITE, OR ANY WEBSITE OR MOBILE APPLICATION FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND WE WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND ANY THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES.
13.1. You acknowledge and confirm that you have carefully considered the risks involved in wrapping and unwrapping digital assets through our Platform. The following risks associated with digital assets and the Platform are not exhaustive.
Wallet address, private key, and backup capabilities.
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 digital assets associated with the wallet. You are to be fully responsible for safeguarding access to, and any information provided through, the Site and the Platform including, but not limited to, private keys, public keys, key seeds and address details.
Your wallet is not accessible by the Company, and the Company 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. 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 digital assets you have associated with such a wallet address will become inaccessible if you do not have your wallet password.
Digital asset transactions.
In order to be completed, all proposed digital asset transactions must be confirmed and recorded in the corresponding public blockchain. By using the Platform, you acknowledge and agree that the transaction details you submit may not be completed, or may be substantially delayed, by that public blockchain network.
Once transaction details have been submitted via the Platform, 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.
Attack on blockchain networks
The Company cannot prevent or mitigate attacks on blockchain networks and has no obligation to engage in activity in relation to such attacks. In the event of an attack, the Company reserves the right to take commercially reasonable actions, including, but not limited to, if we confirm that a digital asset’s network is compromised or under attack, immediately halting wrapping and unwrapping for such digital asset. Resolutions concerning unwrapping for a digital asset that has had its network attacked will be determined on a case-by-case basis by the Company in its sole discretion. The Company makes no representation and does not warrant the safety of the Platform and you assume all liability for any lost value or stolen property.
Software protocols and operational challenges
The software protocols that underlie digital assets are typically open-source projects, which means that (i) the development and control of such digital assets are outside of the Company’s control and (ii) such software protocols are subject to sudden and dramatic changes that might have a significant impact on the availability, usability or value of a given digital asset.
You are aware of and accept the risk of operational challenges. The Company may experience sophisticated cyber attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions to the Platform and the Site. You understand that the Platform and the Site may experience operational issues that lead to delays. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold the Company accountable for any related losses.
All users understand that the technology underlying digital assets is subject to change at any time, and such changes may affect the Platform. You claim full responsibility for monitoring such technological changes and understanding their consequences for your digital assets. The Company does not take any responsibility for any loss or damage incurred as a result of your use of the Platform or your failure to understand the risks involved associated with digital assets use generally or your use of our Services
Legislative and regulatory changes
Legislative and regulatory changes or actions at the domestic or international level may adversely affect the transfer, wrapping and unwrapping of digital assets.
You understand and agree that the Company has no control over, and no duty to take any action including, but not limited to:
Failures, disruptions, errors, or delays in processing digital assets that you may experience while using the Platform;
The risk of failure of hardware, software, and Internet connections;
The risk of malicious software being introduced or found in the software underlying our Platform;
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;
Disasters may damage the digital asset systems resulting in loss of digital assets held by users.
Mistakes made by the user of any digital asset-related software or service, e.g., forgotten passwords, and digital assets sent to wrong addresses.
Software problems of any digital asset-related software or service, e.g., corrupted wallet file, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the wallet and/or any digital asset-related software or service
Technical failures in the hardware of the user of any digital asset-related software or service, e.g., data loss due to a faulty or damaged storage device
Security problems experienced by the user of any digital asset-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.
13.2. You acknowledge and confirm that you have made your own independent decision to make any wrapping or any unwrapping action and that your decision is based on such information as you deem appropriate under the circumstances and is without reliance upon the Company or any member of the Company.
13.3. You are solely responsible and liable for any and all actions on or through the Site and for your wallet on the Site; for knowing the true status of any transactions on the Site, even if presented incorrectly by the Site at any time. There is no guarantee against losses on or through the Site.
14.1 You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including, without limitation, attorneys’ fees or the costs of any claim or suit), made by any third party due to or arising out of:
use of the Site and the Platform;
any inaccurate, misleading, or incomplete statement by the Company or on the Site regarding your wallets, whether caused by the Company’s negligence or otherwise;
any failure, delay, malfunction, interruption, or decision (including any decision by the Company to vary or interfere with your rights) by the Company in operating the Site or providing the Platform;
any stolen, lost, or unauthorized use of your wallet information any breach of security or data breach related to your wallet information, or any criminal or other third party act affecting the Company.
14.2. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.
15.1. For the purposes of this clause, “Force Majeure Event” shall mean any circumstance outside the Company’s control including but not limited to any interruptions or failures relating to internet service providers, internet signal, connections, electricity providers, configurations of any user’s computers, any acts of god, flood, drought, earthquake or other natural disaster, any collapse of buildings, fire, explosion or accident, any acts of terrorism, civil war or commotion, riots or any law or any action taken by a government or public authority, including, without limitation, the failure to grant a necessary licence or consent.
16.1. Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communication be in writing.
16.2. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SITE.
16.3. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.
17.2. These Terms may be superseded by any amended Terms in accordance with clause 18.2.
17.3. These Terms may be terminated or amended by the Company at any time without notice.
18.5. The Company may record all telephone calls and other communications for the purposes of security and training.
18.6. You understand that The Platform and Site will endeavor to be open 24/7. However, the Company offices and communications channels will be open on business days only. You further acknowledge that the Company will make reasonable efforts to ensure that the Platform and Site are available continuously however that there may be instances where access to the Platform and Site are restricted as a result of scheduled maintenance, technology failure or network failure.
19.1. In the event that you have a complaint, the Company will make every effort to rectify the problem as soon as practicably possible.
19.2. Please write to us to make clear the details surrounding your complaint. You can send your complaint by e-mail to email@example.com.