SUMMARY
The following key points of this User Agreement and Terms are brought for your
convenience only. They do not substitute the full Terms.
Who we are?
MultiversX Wallet, including the MultiversX Wallet web extenstion (together the
“MultiversX Wallet”) is currently operated by MultiversX Labs S.R.L.. The operation of
MultiversX Wallet can be performed by an entity that directly or indirectly Controls, is
Controlled by, or is under common control with MultiversX Labs S.R.L., where Control
means the direct or indirect control of greater than 50% of the voting rights or equity
interests of an entity or the power to direct or cause the direction of the management
and/or business strategy of that party (the “Group”, “MultiversX Group” or
“MultiversX”).
What is MultiversX Wallet?
MultiversX Wallet is a web platform that allows Users (the “Users” or “you” mean all
individuals, institutions or organizations that access or use the MultiversX Wallet or the
Company Services and who meet the criteria and conditions stipulated by these Terms) to
conveniently access, send and receive their crypto and digital assets (the “Assets”) in a
non-custodial manner.
MultiversX Wallet is a non-custodial wallet. This means:
MultiversX Wallet is a decentralized wallet and you, and only you hold the Private
Keys to your cryptocurrency wallet. This means that neither MultiversX Wallet nor
MultiversX is able to access your Private Keys without your volition and consent.
MultiversX Wallet is a User controlled wallet so only the User has control over
their funds.
You understand that if you lose your recovery words (and the Private keys
associated with it), you will not be able to access your wallet and funds.
Important disclaimers.
MultiversX Wallet is not intended as, and does not provide, any investment or financial
advice whatsoever. As with any financial or investment decisions, you should conduct
your own research and due diligence investigation, to properly evaluate the benefits and
risks of any investment or financial transaction performed on or in connection to
MultiversX Wallet. You should also seek the advice and guidance of qualified accountants,
financial advisors, tax advisors, legal counsels and investment advisors, in connection
with any investment or financial transaction performed on or in connection to MultiversX
Wallet or with you Assets.
Privacy.
We respect your privacy as further explained in our Privacy Policy.
Intellectual property.
All legal rights in MultiversX Wallet or related to MultiversX Wallet, including all
intellectual property rights, are MultiversX’s.
Disclaimer of warranty.
MultiversX Wallet is provided for use ‘as is’. We disclaim all warranties and
representations with respect to MultiversX Wallet.
Limitation of liability.
To the maximum extent permitted by the applicable law, we – and anyone acting on our
behalf in any form of collaboration – will not be liable in any way for any damage or loss,
arising from the use or inability to use MultiversX Wallet.
Law & jurisdiction.
Use of MultiversX Wallet is governed by the laws of Romania and subject to the exclusive
jurisdiction of the competent courts in Romania.
Termination.
You may request to terminate your account at any time by contacting us at
contact@multiversx.com. Upon termination of these Terms or your account, your right to
use MultiversX Wallet is terminated and you must immediately cease using MultiversX
Wallet.
THE TERMS INCLUDE ADDITIONAL PROVISIONS THAT YOU SHOULD
CAREFULLY READ, SUCH AS PROVISIONS REGARDING WARRANTY, LIMITED
LIABILITY, INDEMNIFICATION AND ASSIGNMENT.
THE DETAILS
This User Agreement and Terms (“Terms”) constitutes a contract between you and
MultiversX Labs S.R.L. (“Company”, “we”, “us” and “our” and including all affiliates)
and applies to your use of any Company products or services, including the self-custody,
MultiversX Wallet, and other features, technologies and functionalities offered by the
Company to you through a website, app, or through other means (the “Company
Services”). The Company Services are provided to you subject to these Terms as well as
the Privacy Policy, incorporated by these Terms by this reference. The Company may, in
its sole discretion, modify or revise these Terms at any time, and you agree in advance to
be bound by such modifications or revisions. We strongly recommend periodically
reviewing the most up-to-date version of Terms. Your continued use of the Company
Services shall constitute your acceptance of such amendments.
Please read the following User Agreement and Terms (the “Terms“) carefully. By
completly signing up to, accessing, or using MultiversX Wallet, you are entering a biding
agreement with us and shall de deemed to have expressly read, understood and agreed to
be bound be these Terms and any amendments thereto. If you do not agree to these
Terms, you may not access or use MultiversX Wallet.
HOW DOES IT WORK?
Unlike traditional centralized wallets, MultiversX Wallet offers its Users a tool to
conveniently sign transactions (“Transactions”) with a private key the Users manage
(“Private Key”). Only with a private key the Users manage, a Transaction can take place.
This means that neither MultiversX Wallet nor MultiversX is able to access Users’ Assets
or their Private Keys without their volition and consent.
Through MultiversX Wallet, Users can also access and view the balance of their Assets.
The Fiat value of User’s Assets as displayed through MultiversX Wallet is only an estimate
depending on relevant exchange rates of Fiat Currency and the valuation of crypto and
digital assets which is constantly changing. The Company does not warrant nor does it
make any representations as to the accuracy of the fiat value displayed through
MultiversX Wallet. For the avoidance of any doubt, “Fiat Currency” means any currency
issued by a Central Bank of sovereign countries, such as the US Dollar, Euro, etc.
IMPORTANT DISCLAIMERS
MultiversX Wallet is not intended as, and does not provide, any investment or
financial advice whatsoever. With respect to any financial or investment
decisions, it is strongly recommended that you conduct your own research and
due diligence investigation, to properly evaluate the benefits and risks of any
investment or financial transaction. It is also strongly recommended that you
seek the advice and guidance of qualified accountants, financial advisors, tax
advisors, legal counsels and investment advisors, in connection with any
investment or financial transaction.
You agree to be held completely and fully responsible for your decisions. The
Company does not guarantee in any way the completeness or accuracy of the
information presented on MultiversX Wallet and shall not be held liable for any
errors in actions taken in reliance thereon, including with respect to the release
of any funds or other similar activities which can be performed on MultiversX
Wallet.
Neither MultiversX nor MultiversX Wallet is your broker, intermediary, agent, or
advisor and has no fiduciary relationship or obligation to you in connection with
any decisions or activities affected by you using the Company Services. No
communication or information provided to you via MultiversX Wallet is intended
as, or shall be considered or construed as, investment advice, financial advice,
trading advice, or any other sort of advice.
Neither MultiversX nor MultiversX Wallet recommend that any Assets should be
bought, earned, sold, or held by you. Before making the decision to buy, sell or
hold any Assets, you should conduct your own due diligence and consult your
financial advisors prior to making any investment decision. The Company will not
be held responsible for the decisions you make to buy, sell, or hold Assets based
on the information provided via MultiversX Wallet.
Risk of financial loss: EGLD and other crypto currencies supported by MultiversX
Wallet are Assets and are part of a new asset class and present a risk of financial
loss, and you should carefully consider your financial circumstances and
tolerance for financial risk before purchasing either.
EGLD incorporates no connection to physical gold or gold derivative instruments.
EGLD is not a "stablecoin" and may be volatile and/or may lose value. No
recommendation is made herein as to the advisability of purchasing EGLD;
notwithstanding, do not purchase EGLD if you cannot bear the loss of the entire
purchase price.
LIMITATIONS
The Company Services allow you to interact directly with the MultiversX blockchain and
other blockchains as well (Bitcoin, Ethereum, Binance, etc.), while you remain in full
control of, and always responsible for, your own Private Keys and Assets. As an unhosted
wallet where you are responsible for your own Private Keys and Assets, these Company
Services are not regulated by any financial authority and the Assets that you may store,
exchange, and transfer using Company Services are not covered or underwritten by any
issuer, insurer, government, or central authority.
When you access certain features, such as MultiversX Wallet, you will be able to create a
wallet to perform a variety of actions with different Assets. You will be requested to verify
your phone number through an attestation process requiring a transaction fee. You will
not give the Company control or access to any of your Assets, and your Assets are not held
in MultiversX Wallet, but are on the MultiversX blockchain or others blockchain(s) and
‘viewed’ through MultiversX Wallet, and the Company does not control the blockchain(s)
or your Assets.
THE COMPANY DOES NOT COLLECT OR HOLD YOUR PRIVATE KEYS, AND THE
COMPANY CANNOT ACCESS ACCOUNTS; RECOVER KEYS, PASSWORDS, OR OTHER
INFORMATION; RESET PASSWORDS; OR REVERSE TRANSACTIONS. YOU ARE
SOLELY RESPONSIBLE FOR YOUR USE OF THE COMPANY SERVICES, INCLUDING,
WITHOUT LIMITATION, FOR STORING, BACKING-UP, AND MAINTAINING THE
CONFIDENTIALITY OF YOUR KEYS, PASSWORDS, AND INFORMATION, AND FOR THE
SECURITY OF ANY TRANSACTIONS YOU PERFORM USING THE COMPANY SERVICES.
YOU EXPRESSLY RELIEVE AND RELEASE THE COMPANY FROM ANY AND ALL
LIABILITY AND/OR LOSS ARISING FROM YOUR USE OF THE COMPANY SERVICES.
Users interacting with crypto or digital assets should be aware that such assets involve
risks, including the risk of loss of some or all assets. Losses are not insured, and you
assume the full responsibility for all losses. You are advised to exercise caution, conduct
research, and not to transact more than you can afford to lose. MultiversX Wallet does not
yet facilitate the storage or sending of fiat currencies.
RISKS
Please be aware that all transactions involving Assets involve certain risks. In this regard,
once submitted to a blockchain network (MultiversX, Bitcoin, Ethereum, Binance, etc ),
such a transaction will be unconfirmed for a period of time pending sufficient confirmation
of the transaction by the blockchain network. A transaction is not complete while it is in a
pending state.
Any Asset transfers, to and from external wallet addresses, that are in a pending state will
be designated accordingly, and the relevant Asset will not be included in your MultiversX
Wallet wallet or be available to conduct transactions.
In any transfer of Assets, there is always a risk that the Assets can be lost due to the
collapse of the community that supports such Asset transfers, or the failure or bankruptcy
of the issuers and/or managers of that Asset. In such scenarios, your Assets could lose
significant value and/or be lost all together if they are in a pending state of transfer.
The risk of loss in holding Assets can be substantial. You should therefore carefully
consider whether holding Assets is suitable for you in light of your financial situation. In
considering whether to hold Assets, you should be aware that the price or value of the
Assets can change rapidly, decrease, and potentially even fall to zero. Past performance is
not an indicator of future performance.
We are not responsible for the market of Assets, and we make no representations or
warranties concerning the real or perceived value of Assets as denominated in any quoted
currency. Although we may provide historical and/or real-time data regarding the price of
Assets, including graphs displayed within the MultiversX Wallet showing the price
fluctuations of these Assets, such data or graphs are for reference only. We make no
representations regarding the quality, suitability, veracity, usefulness, accuracy, or
completeness of such data or graphs, and you should not rely on such data or graphs for
any reason whatsoever. You understand and acknowledge that the value of Assets can be
volatile, and you agree that we are not in any way responsible or liable for any losses you
may incur by holding or trading the Assets, even if the Company Services were delayed,
suspended, or interrupted for any reason.
REGISTRATION
Information you provide.
In order to use MultiversX Wallet, you must be an individual at least 18 years old (or older,
as applicable in your jurisdiction) and register with a personal User account. When you
register with MultiversX Wallet, we will ask you to provide us the details we describe in
our Privacy Policy (“Registration Information”).
MultiversX Wallet’s features are activated and available only to Users who have
successfully completed the sign-on process.
Use of MultiversX Wallet may not be available to you, in whole or in part, in certain
regions, countries, or jurisdictions, in order to comply with certain rules and regulations
meaning that the use of MultiversX Wallet is currently provided in specific regions,
countries or jurisdictions and will be expanded to other territories at our discretion.
Users in certain regions may have different Terms applicable to them, which to be enacted
and updated by us from time to time.
False information.
If we believe that the Registration Information you provide is false, deceptive or offensive,
or if we believe that you violated these Terms, we reserve the right to unilaterally suspend
or terminate your User account or your access to MultiversX Wallet.
Additional information.
We reserve the right to request additional information to verify your identity, during the
registration process, at any time throughout your use of MultiversX Wallet or when you
submit requests related to your User account being able to unilaterally suspend or
terminate your User account or your access to MultiversX Wallet if the information
provided contradicts the information submitted previously, if we consider that the
information is false, deceptive or offensive, or if we believe that you violated these Terms.
YOUR PRIVACY
We respect your privacy. Our Privacy Policy, explains our privacy practices. We
encourage you to read it carefully.
ACCEPTABLE AND PROHIBITED USE OF MULTIVERSX WALLET
Accepted use.
The following terms define the acceptable use of MultiversX Wallet and the content
available therein. You agree to abide by all applicable laws in relation to the legal usage of
MultiversX Wallet in your local jurisdiction as well as other laws and regulations
applicable to Users. Users must also factor, to the extent of their local laws all aspects of
taxation, the withholding, collection, reporting and remittance to their appropriate tax
authorities.
ALL USERS OF MULTIVERSX WALLET ACKNOWLEDGE AND DECLARE THAT THEIR
ASSETS COME FROM LEGITIMATE SOURCES AND DO NOT ORIGINATE FROM
ILLEGAL ACTIVITIES; USERS AGREE THAT, IF THE CASE, THE COMPANY WILL
REQUIRE THEM TO PROVIDE OR OTHERWISE COLLECT THE NECESSARY
INFORMATION AND MATERIALS AS PER RELEVANT LAWS OR GOVERNMENT
ORDERS TO VERIFY THE LEGALITY OF THE SOURCES AND USE OF THEIR FUNDS.
Account suspension.
We may, in a unilateral way, temporarily or permanently suspend the use of or revoke
your account, if we believe you have violated these Terms or exhibit behavior that raises
suspicion of criminal activity.
Prohibited use.
When using MultiversX Wallet, you must refrain from:
Breaching these Terms or any other applicable rules and instructions that we may
convey with respect to MultiversX Wallet;
Interfering with, burdening or disrupting the functionality of MultiversX Wallet;
Breaching the security of MultiversX Wallet or publicly identifying any security
vulnerabilities in it;
Circumventing or manipulating the operation or functionality of MultiversX
Wallet, or attempting to enable features or functionalities that are otherwise
disabled, inaccessible or undocumented in MultiversX Wallet;
Sending automated or machine generated queries;
Using robots, crawlers and similar applications to collect and compile content from
MultiversX Wallet or send data to MultiversX Wallet including for the purposes of
competing with MultiversX Wallet, or in such ways that may impair or disrupt
MultiversX Wallet’s functionality;
Displaying or embedding content from MultiversX Wallet, including by any
software, feature, gadget or communication protocol, which alters the content or
its design;
Impersonating any person or entity, or making any false statement pertaining to
your identity or affiliation with any person or entity;
Collecting, harvesting, obtaining or processing personal information regarding
MultiversX Wallet’s Users, without their prior explicit consent;
Abusing, harassing, threatening or intimidating other Users of MultiversX Wallet;
Linking to MultiversX Wallet from web pages or applications that contain
pornographic content or content that encourages racism or wrongful
discrimination;
Engaging in any activity that constitutes a criminal offense or gives rise to civil
liability;
Transferring your account on MultiversX Wallet to another person;
Infringing the Intellectual Property or any other rights of the Group;
Violating any applicable law;
You are solely responsible for the content you make available through MultiversX Wallet
and for the consequences associated with doing so.
FEE-BASED AND FREE OF CHARGE SERVICES
Access to MultiversX Wallet is offered to you without any costs for a limited period of time
(“Free Access”). The Free Access period and the duration of it is and will be determined
exclusively by the Company as additional features and services might be introduced in the
future which will not be included as part of your Free Access. These additional features
and services might be subject to payment of the applicable fees (“Fees”), in accordance
with the packages, schemes and amounts presented to you, either upon registration or at
a later time.
Free Access to MultiversX Wallet is guaranteed for the Launch Period only, after which
access to MultiversX Wallet might be subject to payment of Fees. If you benefited from
Free Access prior to that change, you will still be able to access MultiversX Wallet for free
(excluding any additional pay for services presented by us), provided you abide by these
Terms and use your Free Access only for one account on one device at a time i.e. each
User is entitled to receive a Free Access benefit only once).
SWAP FUNCTIONALITY
Introduction to Swap Functionality
The MultiversX Wallet enables users to exchange one type of cryptocurrency for another,
leveraging a versatile exchange infrastructure that includes the xExchange platform, as
well as other decentralized and centralized exchanges. This multi-platform approach
facilitates direct swaps between different digital assets across various blockchains,
enhancing our ecosystem's interoperability and flexibility without necessitating an
intermediary.
Non-Custodial Wallet Agreement
Operating as a non-custodial wallet, MultiversX Wallet ensures that you retain complete
control over your private keys and cryptocurrencies at all times. We provide the software
interface that facilitates your direct interaction with MultiversX blockchain as well as with
other blockchains as well, underscoring our commitment to your security and autonomy
in managing your digital assets.
Understanding Liquidity Pools
Liquidity pools, critical to decentralized finance, enable the swap functionality not only
within xExchange but also across other decentralized exchanges we support. These pools,
collections of funds locked in smart contracts, provide the necessary liquidity for trading,
allowing users to swap various cryptocurrencies based on current liquidity and market
conditions. MultiversX Wallet interfaces with these pools to execute trades, spanning
multiple blockchains and exchanges, according to the dynamics of each specific
environment. When you initiate a swap, MultiversX Wallet interacts with these pools to
execute the trade based on the available liquidity and current market conditions.
Our Role and Responsibilities
We serve as a gateway, not as a seller, buyer, or intermediary of your trades. MultiversX
Wallet provides access to engage with liquidity pools across different exchanges,
including xExchange and others within our supported ecosystem. The actual transactions
are executed within the respective decentralized or centralized environments, over which
we have no control beyond facilitating your access.
Risks and Liabilities
The cryptocurrency market is inherently volatile and unpredictable, with asset prices
subject to wide fluctuations. When using MultiversX Wallet for swaps, whether through
xExchange, other decentralized exchanges, or centralized platforms, the prices are
determined by market supply and demand dynamics, liquidity conditions, and specific
exchange mechanisms. These factors can lead to significant price differences between the
initiation and execution of a swap, and we bear no responsibility for such discrepancies or
any resulting financial losses.
Liquidity pools depend on the pooled resources of participants to facilitate swaps. The
availability of liquidity can vary, affecting your ability to execute swaps at desired prices
or quantities. In extreme cases, a lack of liquidity can lead to "slippage," where the
executed swap price is different from the quoted price due to changes in pool liquidity
between the initiation and execution of the swap. We cannot guarantee the liquidity of any
trading pair at any given time and are not liable for losses due to liquidity constraints.
Swaps are executed via smart contracts on the MultiversX blockchain. While smart
contracts are audited and tested, they are subject to the inherent risks of blockchain
technology, including vulnerabilities, bugs, and potential attacks. Any failure,
malfunction, or security breach of the smart contracts or blockchain infrastructure could
lead to a complete loss of the funds involved in a swap. We are not liable for any loss or
damage arising from such technical risks.
The regulatory environment for cryptocurrencies is still evolving. Changes in laws,
regulations, or government policies can significantly affect the use, transfer, exchange,
and value of digital assets. It is your responsibility to ensure that your use of the swap
functionality complies with all applicable laws and regulations. We are not liable for any
loss or damage resulting from changes in the legal status or regulatory treatment of
cryptocurrencies and decentralized exchanges.
Disclaimers of Liability: To the fullest extent permitted by law, we disclaim all liability
for any losses, damages, costs, or expenses, direct or indirect, incurred by you as a result
of using the swap functionality within MultiversX Wallet, including but not limited to
losses due to price fluctuations, liquidity issues, smart contract vulnerabilities, regulatory
changes, or any other financial risks associated with cryptocurrency swaps. Your use of
the swap feature is at your sole risk, and you assume all responsibility for any outcomes
that may result.
By using the swap functionality, you acknowledge and agree that:
You are fully aware of and accept the risks associated with digital asset trading and
are capable of making independent trading decisions.
You understand that we do not control, influence, or guarantee the execution price
of swaps, the availability of liquidity, or the stability of the cryptocurrency market.
You hereby release us, our affiliates, and service providers from any and all claims,
damages, losses, liabilities, costs, and expenses arising from your use of the swap
functionality.
You are knowledgeable about the technology and risks involved in cryptocurrency
trading.
You are responsible for ensuring the security of your wallet and private keys.
You understand that we do not have custody of your cryptocurrencies at any point.
You accept all risks associated with using a decentralized exchange and liquidity
pools for swapping tokens
This section does not purport to disclose all risks or considerations involved in using the
swap functionality. You are encouraged to perform your own due diligence and consult
with financial, legal, and tax advisors before engaging in cryptocurrency trading.
STAKING SERVICES
When you access MultiversX Wallet you may be given the option to “stake” EGLD tokens
via the Stake program available on MultiversX Wallet (the “Stake Program”). Staking
services are not available for all the Assets available on MultiversX Wallet. By using these
staking services you accept the terms for such services as set out in these terms.
The Stake Program is optional. YOU ARE NOT REQUIRED TO STAKE EGLD TOKENS ON
MULTIVERSX WALLET AND YOU CAN OPT-OUT AT ANY TIME. Unless otherwise
specified, if you opt-out of staking services, you can opt back in at any time.
The Service; Rewards; No Commission:
1. If you stake your EGLD by using the Earn Program, you may be eligible to receive
staking rewards;
2. the Earn Program is using the smart contract(s) technology which gives you the
possibility to stake your EGLD directly, without any involvement from MultiversX
Wallet (non-custodial);
3. you are solely responsible for the custody of the cryptographic private keys for the
wallet used for accessing the Stake Program or MultiversX Wallet;
4. MultiversX Wallet does not retain or charge you any commission or fee from you
when using the Earn Program.
5. The only fees payable by you are the network fees paid at each transaction made
on the MultiversX blockchain (e.g. stake, unstake, reinvest, etc.);
Any APR listed on the Stake Program is only an estimate of the potential annual
percentage rate or annual percentage yield that you may earn over a year based on the
then-current rewards offered by the staking program run on the Stake Section. The actual
staking rewards you receive may be more or less that this amount, depending on the APR
applicable from time to time.
The tax treatment of certain transactions is uncertain, and it is your responsibility to
determine what taxes, if any, arise from these transactions. Users are solely responsible
for reporting and paying any applicable taxes arising from staking through the Stake
program and all related transactions (e.g., redelegating rewards, etc), and acknowledge
that MultiversX Wallet does not provide investment, legal, or tax advice to you in
connection with such election to participate. You should conduct your own due diligence
and consult your advisors before making any investment decision including whether to
participate in the Earn program and related transactions.
Taxes.
All state and/or local income and other taxes, if any, are the User’s sole responsibility.
Rewards may be taxable, depending on the value of the item and the federal, state, and
local tax laws applicable to the User. All Users are solely responsible for reporting such
items on their tax returns or similar and observing/paying any associated tax liability, in
the case.
Use of materials
We may, at our sole discretion, provide you with marketing and promotional materials
pertaining to MultiversX Wallet. We hereby grant you, during the term of these Terms, a
non-exclusive, non-transferable, limited right to reproduce or copy the provided
materials, for the sole purpose of promoting and marketing MultiversX Wallet to potential
Users.
Nothing herein shall grant you any ownership, title or any other rights in these materials,
but only limited rights of use as described above.
Referral Program Restrictions
You must not interfere with or disrupt the administration of the Program or engage in any
action that may manipulate the Program. As a Referrer, you must refrain from:
Making any warranties and/or representations concerning MultiversX Wallet;
Assume any obligation of any kind whether express or implied on behalf of
MultiversX Wallet;
Use our Intellectual Property rights, except as explicitly authorized under these
Terms;
Violating any rules, guidelines or instructions that we may convey with respect to
the Terms;
Damaging, corrupting, tampering with, interfering with or disrupting the
functionality of MultiversX Wallet;
Submitting false, inaccurate, deceptive or misleading information;
Impersonating any person or entity, or making any false statement pertaining to
your identity;
Acting with intent to annoy, harass, or abuse any other person;
Engaging in any activity that constitutes or encourages conduct that would
constitute a criminal offense, give rise to civil liability or otherwise violate any
applicable law, including laws governing securities or privacy;
Activity deemed in the sole discretion of the Company to be generally inconsistent
with the intended operation of the Program.
The Company shall be the sole determiner in cases of suspected abuse, fraud, or breach of
these Terms.
Referral Program Term
The term of this Program will begin upon your acceptance of the Terms and will end when
terminated. MultiversX Wallet may terminate this Program at any time, with or without
cause, without being obliged to give you any prior written notice of termination.
Failure to observe the Terms gives the right to the Company to terminate your
participation in the Referral Program immediately and upon such termination all your
pending and future Transactions will be cancelled.
MultiversX Wallet has the right, on its sole discretion, to cancel the Program at any time,
to start a new Program or to renew a Program.
INTELLECTUAL PROPERTY
Our intellectual property.
All rights, title and interest in and to MultiversX Wallet, including without limitation,
patents, copyrights, trademarks, trade names, service marks, trade secrets and other
intellectual property rights and any goodwill associated therewith (the “Intellectual
Property”), are the exclusive property of the Company and its licensors.
Restrictions.
You may not copy, reverse engineer, modify or create derivative works of the Company’s
Intellectual Property, in any way or by any means.
You may not use any name, mark, logo or domain name that is confusingly similar to our
marks, logos and Internet domain names. You must refrain from any action or omission
that may dilute or damage our goodwill.
THIRD-PARTY APPLICATIONS
MultiversX Wallet interfaces with various third-party services, apps and platforms
("Third-Party Applications"). These may include, but are not limited to, platforms or
apps that allow you to share your activity on MultiversX Wallet, invite friends to use
MultiversX Wallet via social networks, purchase cryptocurrency with fiat currency, or
engage in other services such as locking your funds into interest-bearing smart contracts
provided by Third-Party Applications.
While MultiversX Wallet provides an avenue ("Hub" section) for you to access
decentralized applications (DApps) and other services offered by Third-Party
Applications, it is crucial to understand the following:
MultiversX Wallet does not endorse, verify, or make any representations regarding
these Third-Party Applications. Your access to and use of such platforms through
MultiversX Wallet are entirely at your own risk. MultiversX Wallet shall have no
liability whatsoever in connection with your use of any Third-Party Applications,
including, without limitation, any disputes over transactions or losses incurred.
Your interaction with any Third-Party Application accessed via MultiversX Wallet
is governed solely by the terms and conditions of those platforms. We strongly
encourage you to read those terms carefully and conduct your own research ("Do
Your Own Research" or "DYOR") before engaging with any service or entering into
any transactions.
You bear the sole and exclusive responsibility for understanding and agreeing to
the terms of service of any Third-Party Application you access through MultiversX
Wallet. The responsibilities, obligations, and liabilities of Third-Party Applications
rest entirely with those entities as outlined in their respective terms of service
MultiversX Wallet may engage with Third Parties, including Third-Party
Applications and providers, to perform certain aspects of the Company Services.
MultiversX Wallet is not liable for any delays, losses, or damages resulting from
the services provided by any engaged Third Parties. Any claims related to the acts
or omissions of a Third Party should be directed solely and directly to the
respective party and/or its agents. Our liability concerning the services offered by
any Third Party is limited to exercising reasonable care in their selection.
By using MultiversX Wallet and accessing Third-Party Applications through it, you
acknowledge and agree to the terms outlined above. Your decision to interact with any
Third-Party Application is made with full knowledge of this disclaimer and at your own
discretion.
TERMINATION
Terminating your account.
You may, at any time, request to terminate your account by contacting us at
contact@multiversx.com.
Upon termination of these Terms or your account, your right to use MultiversX Wallet is
terminated and you must immediately cease using MultiversX Wallet.
Effects of Termination.
Upon termination, your User account will be cancelled.
Terminating the operation of MultiversX Wallet.
We may at any time change, cancel, discontinue, suspend, disable or terminate the
operation of MultiversX Wallet, or any part thereof, temporarily or permanently, for all
Users, or for certain Users, without any liability to you. If we do so on our own accord and
not as a result of your violation of these Terms, we will notify you in advance before such
termination.
In the event that we decide to suspend, restrict or terminate your access to the Company
Services in accordance with the provisions of this clause, we will (to the extent that it is
not unlawful for us to do so) provide you with adequate notice of such termination of the
Company Services. Suspensions, restrictions or terminations from the use of our
Company Services will be reversed only as soon as reasonably practicable once the
reasons for refusal no longer exist.
CHANGES AND AVAILABILITY
Changes on MultiversX Wallet.
We may, at any time and without prior notice change the layout, design, scope, features or
availability of MultiversX Wallet. We may also remove User Content if we deem it
necessary for operational reasons.
Availability.
The availability, functioning, quality and functionality of MultiversX Wallet depend on
various factors, including software, hardware and communication networks, which are
provided by third parties, at their responsibility. These factors are not fault-free.
Changing these Terms.
We may revise these Terms (beyond the terms, rules and policies explained in our user
guide), in whole or in part, at any time by notifying you of the amended Terms ahead of
time. Your continued use of MultiversX Wallet after the effective date of the amended
Terms constitutes your consent to the amended Terms.
DISCLAIMER OF WARRANTY
MULTIVERSX WALLET IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS,
WITH ALL FAULTS. WE AND OUR OFFICERS, DIRECTORS, SHAREHOLDERS,
EMPLOYEES, SUB-CONTRACTORS, AGENTS AND AFFILIATES (THE “STAFF”)
DISCLAIM ALL WARRANTIES AND REPRESENTATIONS, EITHER EXPRESS OR
IMPLIED, WITH RESPECT TO MULTIVERSX WALLET, ITS CONTENT, THE FEES,
INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY, AND
FITNESS FOR A PARTICULAR PURPOSE, QUALITY, NON-INFRINGEMENT, TITLE,
COMPATIBILITY, PERFORMANCE, SECURITY, ACCURACY, ENHANCED GOODWILL
OR EXPECTED BENEFITS.
WE DO NOT WARRANT THAT (1) MULTIVERSX WALLET WILL OPERATE
UNINTERRUPTEDLY, ERROR-FREE OR WILL MEET YOUR REQUIREMENTS OR
EXPECTATIONS IN ANY WAY; (2) MULTIVERSX WALLET WILL ALWAYS BE AVAILABLE
OR FREE FROM MALWARES, COMPUTER VIRUSES OR OTHER HARMFUL
COMPONENTS; (3) THE QUALITY OF MULTIVERSX WALLET AND THE CONTENT
AVAILABLE THROUGH IT, WILL MEET YOUR EXPECTATIONS; (4) THE CONTENT
PRESENTED ON MULTIVERSX WALLET WILL BE ACCURATE, BENEFICIAL OR
RELIABLE; (5) THE RESULTS OF USING MULTIVERSX WALLET WILL BE
SATISFACTORY AND WILL FIT YOUR EXPECTATIONS OR REQUIREMENTS.
NO REPRESENTATION OR OTHER AFFIRMATION OF FACT, INCLUDING
STATEMENTS REGARDING CAPACITY, SUITABILITY FOR USE OR PERFORMANCE OF
MULTIVERSX WALLET, OR THE CONTENT PRESENTED ON, OR THROUGH,
MULTIVERSX WALLET, WHETHER OR NOT MADE BY ANY OF OUR STAFF, WHICH IS
NOT EXPRESSLY CONTAINED IN THESE TERMS, SHALL BE DEEMED TO BE A
WARRANTY BY THE INVOLVED PERSONS FOR ANY PURPOSE, OR GIVE RISE TO ANY
LIABILITY OF OUR STAFF WHATSOEVER.
YOU AGREE AND ACKNOWLEDGE THAT THE USE OF MULTIVERSX WALLET IS
ENTIRELY, OR AT THE MAXIMUM PERMITTED BY THE APPLICABLE LAW, AT YOUR
OWN RISK.
LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE AND OUR STAFF,
SHALL NOT BE LIABLE, FOR ANY INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY,
STATUTORY, INCIDENTAL OR CONSEQUENTIAL DAMAGE, OR ANY SIMILAR
DAMAGE OR LOSS (INCLUDING LOSS OF PROFIT AND LOSS OF DATA), COSTS,
EXPENSES AND PAYMENTS, EITHER IN TORT (INCLUDING NEGLIGENCE),
CONTRACT, OR IN ANY OTHER FORM OR THEORY OF LIABILITY, ARISING FROM, OR
IN CONNECTION WITH THE CONTENT, THE FEES, THE USE OF, OR THE INABILITY
TO USE MULTIVERSX WALLET OR ITS FEATURES, OR FROM ANY FAILURE, ERROR,
OR BREAKDOWN IN THE FUNCTION OF MULTIVERSX WALLET, OR FROM ANY
FAULT, OR ERROR MADE BY OUR STAFF, OR FROM YOUR RELIANCE ON CONTENT
AVAILABLE ON MULTIVERSX WALLET, OR FROM ANY COMMUNICATION THROUGH
MULTIVERSX WALLET, OR WITH OTHER USERS ON MULTIVERSX WALLET, OR FROM
ANY DENIAL OR CANCELATION OF YOUR USER ACCOUNT, OR FROM RETENTION,
DELETION, DISCLOSURE AND ANY OTHER USE OR LOSS OF YOUR CONTENT ON
MULTIVERSX WALLET.
IN ANY EVENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, OUR
TOTAL, MAXIMUM AND AGGREGATE LIABILITY TO YOU FOR DIRECT DAMAGES
SHALL BE LIMITED TO HALF OF THE FEES YOU PAID US (IF ANY) IN THE TWELVE
MONTHS PRECEDING THE EVENT PURPORTEDLY GIVING RISE TO THE CLAIM.
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, WE WILL BE FULLY
RELEASED FROM OUR OBLIGATIONS AND LIABILITY TO YOU IF YOU HAVE
BREACHED THESE TERMS, ANY OTHER TERMS, RULES OR REGULATIONS
APPLICABLE TO MULTIVERSX WALLET, OR IF THROUGH YOUR USE OF MULTIVERSX
WALLET, YOU INFRINGED OR VIOLATED ANY OTHER PERSON’S RIGHTS.
INDEMNIFICATION
To the maximum extent permitted by law, you will indemnify, defend and hold harmless at
your own expense, the Company, our representatives and agents and anyone acting on
our behalf, from and against any damages, costs and expenses, including attorney’s fees
and costs, third party claims, demands, liabilities, resulting from any claim, allegation or
demand, connected with your use of MultiversX Wallet, your breach of these Terms,
infringement of any other person’s rights or any violation of an applicable law.
GOVERNING LAW, JURISDICTION
Regardless of your place of residence or where you access or use MultiversX Wallet from,
these Terms and your use of MultiversX Wallet will be governed by and construed solely in
accordance with the laws of Romania .
The competent courts in Romania will have exclusive and sole jurisdiction over any
dispute, claim or controversy relating to MultiversX Wallet or with respect to any matter
relating to these Terms. You hereby expressly consent to personal jurisdiction in Romania
and expressly waive any right to object to such personal jurisdiction or the non-
convenience of such forum.
Notwithstanding the foregoing, we may lodge a claim against you pursuant to the
indemnity clause above in any court adjudicating a third party claim against us.
GENERAL
Assignment.
You may not assign or transfer any right to use the Company Services or any of your rights
and obligations under these Terms without our prior written consent, including any right
or obligation related to the enforcement of laws or the change of control. Any attempted
or actual assignment by you, without our prior written consent, shall be null and void.
The Company may assign or transfer any or all of its rights or obligations under these
Terms, in whole or in part, without notice or obtaining your consent or approval.
Changes in ownership.
In the event of M&A, we may, without notice or obtaining your consent, assign and
delegate these Terms, including all of our rights, performances, duties, liabilities and
obligations contained herein, to a third party.
Severability.
If any provision of these Terms is held to be illegal, invalid, or unenforceable by a
competent court, then the provision shall be performed and enforced to the maximum
extent permitted by law to reflect as closely as possible, the original intention of that
provision, and the remaining provisions of these Terms shall continue to remain in full
force and effect.
Force Majeure
We will not be liable for any delay or failure to perform as required by these Terms
because of any cause or condition beyond the Company’s reasonable control.
Interpretation.
The section headings in these Terms are included for convenience only and shall take no
part in the interpretation or construing of these Terms. Whenever used in these Terms,
the term “Including”, whether capitalized or not, means without limitation to the
preceding phrase. All examples and e.g. notations are illustrative, not exhaustive.
Entire agreement.
These Terms constitute the entire agreement between you and us concerning the subject
matter herein, and supersede all prior and contemporaneous negotiations and oral
representations, agreements and statements.
Waivers.
No waiver, concession, extension, representation, alteration, addition or derogation from
these Terms by us, or pursuant to these Terms, will be effective unless consented to
explicitly and executed in writing by our authorized representative. Failure on our part to
demand performance of any provision in these Terms shall not constitute a waiver of any
of our rights under these Terms.
Relationship.
These Terms do not create any agency, partnership, employment or fiduciary relationship
between you and us.
CONTACT US
At any time, you may contact us with any question, request, comment or complaint that
you may have with respect to MultiversX Wallet or these Terms at
contact@multiversx.com.
Effective Date: May 9, 2024