Terms of Use
Last updated on January 15, 2025
(a)
"Airdrop" means an event through which a cryptocurrency project sends one or more digital assets, including cryptocurrency tokens, to Wallet addresses that meet certain criteria, such as ownership of a non-fungible token or interaction with a platform.
(b)
“Affiliate” means, with respect to a party, any person, firm, corporation, partnership (including, without limitation, general partnerships, limited partnerships, and limited liability partnerships), limited liability company, or other entity that now or in the future, directly controls, is controlled with or by or is under common control with such party.
(c)
“Applicable Law” means all laws, statutes, rules, regulations, ordinances, and other pronouncements having the effect of law of any Governmental Authority, including the British Virgin Islands.
(d)
“Blockchain” generally means a peer-to-peer distributed and public immutable ledger that maintains a record of all transactions occurring on such ledger, through a growing list of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
(e)
“Governmental Authority” means any court, tribunal, arbitrator, authority, agency, commission, official, or other instrumentality of the British Virgin Islands, or any state, county, city, or other political subdivision or similar governing entity.
(f)
“NFTs” are cryptographic assets on a Blockchain with unique identification codes and metadata that distinguish them from each other.
(g)
“BSX Ecosystem” means Company, the BSX Tokens, the BSX Protocol Foundation and its affiliates, the BSX exchange offering a decentralized liquidity hub, and the community of users and developers that facilitate and support the same.
(h)
“Person” means an individual or legal entity or person, including, without limitation, a Governmental Authority or an agency or instrumentality thereof.
(i)
(j)
(k)
6.1.
6.2.
6.3.
7.1.
7.2.
Website Content. Company does not warrant the accuracy, completeness, or usefulness of this information at any particular time for any particular purpose. Any reliance User places on such information is strictly at User’s own risk. Company disclaims all liability and responsibility arising from any reliance placed on such content by User, or by anyone who may be informed of any of its contents.
7.3.
Use of the Website and Service; Licenses. Subject to this Agreement, Company grants User a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the Website and the data, material, content, or information herein (collectively, the “Content”) solely for User’s personal use. User’s right to access and use the same shall be limited to the purposes described in these Terms unless User is otherwise expressly authorized by Company, in writing, to use the Website for User’s own commercial purposes. User agrees to use the Website only for lawful purposes, comply with all rules governing any transactions on and through the Website and comply with the law. Any rights not expressly granted herein are reserved, and no license or right to use any trademark of Company or any third-party is granted to User.
7.4.
Forward-Looking Statements. The Website may contain forward-looking statements, which can be identified by the fact that they do not relate strictly to historical or current facts and may include such words as “may,” “will,” “expect,” “intend,” or other expressions of similar meaning, including statements with respect to use of proceeds of any sale of BSX Tokens, usage of the BSX Tokens and Website functionality and prospects. These forward-looking statements are based on the current expectations and a number of factors could affect future events. Company makes no representation about the value, current or future, of BSX Tokens, or accuracy of any Content on the Website.
7.5.
Additional Considerations
(a)
Transactions Are Recorded on Public Blockchains. All Airdrop related transactions that are facilitated by the Website are managed and confirmed via public Blockchains. User understands that its Wallet address will be made publicly visible whenever it engages in a transaction on the Website. Company does not own or control any Blockchain that Company chooses to interface with, or any other third-party site, product, or service that User might access, visit, or use for the purpose of enabling User to access and utilize the various features of the Website. Company is not liable for the acts or omissions of any such third parties, and will not be liable for any damage that a User may suffer as a result of its transactions or any other interaction with any such third parties.
(b)
Gas. All Blockchain transactions conducted on, or facilitated by, the Website are facilitated by Smart Contracts. Public Blockchains require the payment of a transaction fee (a “Gas Fee”) for every transaction that occurs on its network. The value of the Gas Fee changes, often unpredictably, and is entirely outside of the control of Company or the Website. User acknowledges that under no circumstances will a transaction on the Website be invalidated, revocable, retractable, or otherwise unenforceable on the basis that the Gas Fee for the given transaction was unknown, too high, or otherwise unacceptable to User.
7.6.
Prohibitions and Restrictions
(a)
Prohibited Uses. User agrees that it will not:
(i).
Use the Website or the Service in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party’s use and enjoyment of the same;
(ii).
Attempt to gain unauthorized access to any website or platform, computer systems, or networks associated with Company or the Website;
(iii).
Obtain or attempt to obtain any materials or information through the Website by any means not intentionally made available or provided by Company;
(iv).
Use any robot, spider, or other automatic device, process or means to access the Website for any purpose, including monitoring or copying any of the material on the Website;
(v).
Introduce any viruses, Trojan horses, worms, logic bombs, or other material which is malicious or technologically harmful;
(vi).
Send unsolicited messages or use the Website to send unsolicited messages such as spam;
(vii).
Perform any benchmark tests or analyses related to the Website without express written permission of Company;
(viii).
Send spam or engage in phishing. Spam is unwanted or unsolicited bulk email, postings, contact requests, or similar electronic communications. Phishing is sending emails or other electronic communications to fraudulently or unlawfully induce recipients to reveal personal or sensitive information, such as passwords, dates of birth, Social Security numbers, passport numbers, credit card information, financial information, or other sensitive information, or to gain access to Wallets or records, exfiltration of documents or other sensitive information, payment and/or financial benefit;
(ix).
Attack the Website via a denial-of-service attack or a distributed denial-of-service attack;
(x).
Impersonate or attempt to impersonate Company, a Company employee, another User or any other Person (including, without limitation, by using email addresses associated with any of the foregoing);
(xi).
License, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Service, whether in whole or in part, or any Content displayed on the Website except as permitted herein;
(xii).
Modify, make derivative works of, disassemble, reverse compile or reverse engineer any part of the Service or the Website; or
(xiii).
Access the Website in order to build a similar or competitive website, product, or service.
(b)
Restrictions. Except as expressly stated herein, no part of the Website may be copied, reproduced, distributed, republished, downloaded, displayed, posted, or transmitted in any form or by any means. Unless otherwise indicated, any future release, update, or other addition to functionality of the Website will be subject to this Agreement. All copyright and other proprietary notices related to the Website (including on any Content displayed thereon) must be retained on all copies thereof. User will not use the Website for any illegal purpose.
7.7.
Modification. Company reserves the right, at any time, to modify, suspend, or discontinue the Website (in whole or in part) with or without notice to Users. User agrees that Company will not be liable to User or to any third-party for any modification, suspension, or discontinuation of the Website or any part thereof.
7.8.
Modification. Company reserves the right, at any time, to modify, suspend, or discontinue the Website (in whole or in part) with or without notice to Users. User agrees that Company will not be liable to User or to any third-party for any modification, suspension, or discontinuation of the Website or any part thereof.
8.1.
Company Intellectual Property. The Content of the Website is intended for User’s personal, noncommercial use. User acknowledges and agrees that Company (or, as applicable, Company’s Affiliates or licensors) owns all legal right, title, and interest in and to all elements of the Website, Company’s logo, graphics, design, systems, methods, information, computer code, software, services, “look and feel,” organization, compilation of the content, code, data, and all other elements of the Website (collectively, the “Company Materials”). The Website, Company Materials, and Content are protected by copyrights, trademarks, trade secrets, database rights, sui generis rights and other intellectual or proprietary rights therein pursuant to U.S. and international laws. Accordingly, User is not permitted to use the Website or Content in any manner, except as expressly permitted by Company in these Terms. The Website or Content may not be copied, reproduced, modified, published, uploaded, posted, transmitted, performed, or distributed in any way, and User agrees not to modify, rent, lease, loan, sell, distribute, transmit, broadcast, or create derivatives without the express written consent of Company. Except as expressly set forth herein, User’s use of the Website does not grant User ownership of or any other rights with respect to any Content, code, data, or other materials that User may access on or through the Website. Company reserves all rights in and to Company Materials not expressly granted to Users in the Terms.
User may not use any of Company’s Content to link to the Website or Content without Company’s express written consent. User may not use framing techniques to enclose any such Content without Company’s express written consent. In addition, the “look and feel” of the Website and Content, including without limitation, all page headers, custom graphics, button icons, and scripts constitute the service mark, trademark, or trade dress of Company and may not be copied, imitated, or used, in whole or in part, without Company’s prior written consent.
8.2.
Non-Company Intellectual Property. Excluding Company Materials, all other trademarks, product names, logos, and similar intellectual property on the Website are the property of their respective owners and may not be copied, imitated, or used, in whole or in part, without the permission of the applicable owner.
8.3.
Aggregate Data. In accordance with the Privacy Policy, Company may collect and analyze data and other information relating to provision and use of various aspects of the Website. Company will be free to (i) use the data to improve and enhance the Service and for other development, diagnostic, and corrective purposes in connection with the Website and (ii) disclose data solely in aggregate or other de-identified form in connection with its business.
INDEMNIFICATION
User agrees to release, indemnify, and hold harmless Company and its Affiliates and licensors, and their respective officers, directors, employees and agents, from and against any claims, liabilities, damages, losses, and expenses, including, without limitation, reasonable legal and accounting fees, arising out of or in any way related to: (a) User’s access to, use of, or inability to use the Website or the Service; (b) User’s breach of this Agreement; (c) User’s violation of any rights of a third party; (d) User’s violation of any Applicable Law; and (e) any and all financial losses User may suffer, or cause others to suffer, due to utilizing or transferring cryptocurrency or any other digital assets.
ASSUMPTION OF RISK
10.1.
User Acknowledges the Risk of Cryptocurrency and Smart Contracts. USER REPRESENTS AND WARRANTS THAT IT UNDERSTANDS AND IS WILLING TO ACCEPT THE RISKS ASSOCIATED WITH CRYPTOGRAPHIC SYSTEMS SUCH AS SMART CONTRACTS, PUBLIC BLOCKCHAINS, LIQUIDITY PROTOCOLS, AIRDROPS, AND DECENTRALIZED FINANCE.
10.2.
Company is Not Responsible for Technical Errors on Any Blockchain. COMPANY IS NOT RESPONSIBLE FOR LOSSES ARISING FROM THE USE OF BLOCKCHAINS OR ANY OTHER FEATURES OF ANY BLOCKCHAIN NETWORK OR WALLET THAT COMPANY OR USER MAY INTERFACE WITH, INCLUDING, BUT NOT LIMITED TO, LATE REPORT BY DEVELOPERS OR REPRESENTATIVES (OR NO REPORT AT ALL) OF ANY ISSUES WITH A BLOCKCHAIN NETWORK OR ANY ASSOCIATED LAYER 2 BLOCKCHAINS THAT COMPANY OR USER MAY INTERFACE WITH, INCLUDING FORKS, TECHNICAL NODE ISSUES, OR ANY OTHER ISSUES RESULTING IN LOSS OF FUNDS.
10.3.
User Acknowledges the Risks of the Website. User acknowledges that the Website is subject to flaws and that User is solely responsible for evaluating any information provided by the Website. This warning and others provided in this Agreement by Company in no way evidence or represent an ongoing duty to alert User to all of the potential risks of utilizing or accessing the Website. The Website may experience sophisticated cyber-attacks, cryptocurrency based economic exploits, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions to or delays on the Website. User agrees to accept the risk of the Website failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks, and User agrees that it will not hold Company accountable for any related losses. Company will not bear any liability, whatsoever, for any damage or interruptions caused by any viruses that may affect User’s computer or other equipment, or any phishing, spoofing or other attack.
10.4.
Company Does Not Make Any Representations Regarding the Value of Cryptocurrency or Other Digital Assets. The prices of Blockchain assets are extremely volatile. Fluctuations in the price of other digital assets could materially and adversely affect the value of cryptocurrency, which may also be subject to significant price volatility. A lack of use or public interest in the creation and development of distributed ecosystems could negatively impact the development, potential utility, or value of cryptocurrency. The BSX Ecosystem and other digital assets could be impacted by one or more regulatory inquiries or regulatory actions. For all of the foregoing reasons, as well as for reasons that may not presently be known to Company, Company makes absolutely no representations or warranties of any kind regarding the value of cryptocurrency or other digital assets.
10.5.
User Acknowledges Financial Risk of Digital Assets. The risk of loss associated with the use of digital assets can be substantial. User should, therefore, carefully consider whether creating, buying, selling, or otherwise using digital assets is suitable for User in light of its circumstances and financial resources. By accessing the Website and/or claiming Airdrops, User represents that it has been, is and will be solely responsible for making its own independent appraisal and investigations into the risks of a given transaction and the underlying digital assets. User represents that it has sufficient knowledge, market sophistication, professional advice, and experience to make its own evaluation of the merits and risks of any transaction conducted via any digital asset. Under no circumstances will the operation of all or any portion of the Website be deemed to create a relationship that includes the provision or tendering of investment advice.
10.6.
User Acknowledges the Risk of Purchase and Ownership of the BSX Tokens. There are risks and uncertainties associated with the BSX Tokens. Company encourages Users to consult with a financial adviser or investment professional before claiming any BSX Tokens. Information provided on the Website is for educational purposes only and is not tailored for any individual person or BSX Token holder. The Website should not be relied upon as financial or investment advice.
10.7.
Company is Not Responsible for Losses Due to Jurisdictional Blocks. User acknowledges that Company has no control over jurisdictional blocks which may prevent User from utilizing the Website. Under no circumstances will Company be liable for User’s inability to access the Website due to a jurisdictional block.
10.8.
Violations by Other Users. User irrevocably releases, acquits, and forever discharges Company and its subsidiaries, Affiliates, officers, and successors for and against any and all past or future causes of action, suits, or controversies arising out of another User’s violation of these Terms.
LIMITATION OF LIABILITY AND WARRANTY DISCLAIMER
11.1.
Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL COMPANY (OR COMPANY’S AFFILIATES) BE LIABLE TO USER OR ANY THIRD-PARTY FOR ANY FINANCIAL LOSS, LOST PROFITS, LOST DATA, COSTS OF PROCUREMENT OF SUBSTITUTE PRODUCTS, OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM OR RELATING TO THESE TERMS OR USER’S USE OF, OR INABILITY TO USE, THE WEBSITE OR THE SERVICE, CONTENT OR INFORMATION ACCESSED VIA THE WEBSITE OR ANY HYPERLINKED WEBSITE, OR ANY DISRUPTION OR DELAY IN THE PERFORMANCE OF THE WEBSITE OR THE SERVICE EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE WEBSITE IS AT USER’S OWN DISCRETION AND RISK, AND USER WILL BE SOLELY RESPONSIBLE FOR ANY MONETARY LOSS AND/OR DAMAGE TO ITS DEVICE OR COMPUTER SYSTEM, OR LOSS OF DATA RESULTING THEREFROM. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE FOREGOING LIMITATION OR EXCLUSION MAY NOT APPLY TO USER.
11.2.
No Warranties. ALL INFORMATION OR SERVICE PROVIDED BY COMPANY TO USER VIA THE WEBSITE, INCLUDING, WITHOUT LIMITATION, ALL CONTENT, IS PROVIDED “AS IS” AND “WHERE IS” AND WITHOUT ANY WARRANTIES OF ANY KIND. COMPANY AND ANY THIRD-PARTY LICENSORS WITH CONTENT ON THE WEBSITE EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. NOTWITHSTANDING ANY PROVISION CONTAINED HEREIN TO THE CONTRARY, COMPANY AND AFFILIATES MAKE NO REPRESENTATION, WARRANTY OR COVENANT CONCERNING THE ACCURACY, QUALITY, SUITABILITY, COMPLETENESS, SEQUENCE, TIMELINESS, SECURITY OR AVAILABILITY OF THE WEBSITE OR ANY CONTENT POSTED ON OR OTHERWISE ACCESSIBLE VIA THE WEBSITE. USER SPECIFICALLY ACKNOWLEDGES THAT COMPANY AND AFFILIATES ARE NOT LIABLE FOR ANY DEFAMATORY, OBSCENE OR UNLAWFUL CONDUCT OF THIRD-PARTIES OR USERS OF THE WEBSITE AND THAT THE RISK OF INJURY FROM THE FOREGOING RESTS ENTIRELY WITH USER. NEITHER COMPANY NOR ANY OF ITS AFFILIATES REPRESENT, WARRANT, OR COVENANT THAT THE WEBSITE WILL BE SECURE, UNINTERRUPTED OR ERROR-FREE. COMPANY FURTHER MAKES NO WARRANTY THAT THE WEBSITE WILL BE FREE OF VIRUSES, WORMS, OR TROJAN HORSES OR THAT IT WILL FUNCTION OR OPERATE IN CONJUNCTION WITH ANY OTHER PRODUCT OR SOFTWARE. USER EXPRESSLY AGREES THAT USE OF THE WEBSITE IS AT USER’S SOLE RISK AND THAT COMPANY, ITS AFFILIATES AND THEIR THIRD-PARTY LICENSORS SHALL NOT BE RESPONSIBLE FOR ANY TERMINATION, INTERRUPTION OF SERVICE, DELAYS, ERRORS, FAILURES OF PERFORMANCE, DEFECTS, OR OMISSIONS ASSOCIATED WITH THE WEBSITE OR USER’S USE THEREOF. USER’S SOLE REMEDY AGAINST COMPANY FOR DISSATISFACTION WITH THE WEBSITE OR THE CONTENT IS TO CEASE ITS USE OF THE WEBSITE. SOME JURISDICTIONS DO NOT PERMIT THE EXCLUSION OR LIMITATION OF IMPLIED WARRANTIES, SO THE FOREGOING EXCLUSION MAY NOT APPLY TO USER. USER MAY HAVE OTHER RIGHTS, WHICH VARY BY JURISDICTION. WHEN THE IMPLIED WARRANTIES ARE NOT ALLOWED TO BE EXCLUDED IN THEIR ENTIRETY, USER AGREES THAT THEY WILL BE LIMITED TO THE GREATEST EXTENT AND SHORTEST DURATION PERMITTED BY APPLICABLE LAW.
TERM AND TERMINATION
Subject to this Section, this Agreement will remain in full force and effect while User uses the Website or the Service (the “Term”). Company may suspend or terminate User’s rights to use the Website or the Service at any time for any reason at Company’s sole discretion, including for any use of the Website or the Service in violation of this Agreement. User may terminate this Agreement at any time by ending User’s use of the Website. Company will not have any liability whatsoever to User for any termination of User’s rights under this Agreement. All provisions of the Agreement which by their nature should survive, shall survive termination of Service, including without limitation, ownership provisions, warranty disclaimers, and limitation of liability.
GENERAL TERMS
13.1.
General Terms. These Terms, together with the Privacy Policy and any other agreements expressly incorporated by reference into these Terms, are the entire and exclusive understanding and agreement between User and Company regarding User’s use of the Service. User may not assign or transfer these Terms or its rights under these Terms, in whole or in part, by operation of law or otherwise, without Company’s prior written consent. Company may assign these Terms at any time without notice or consent. The failure to require performance of any provision will not affect Company’s right to require performance at any other time after that, nor will a waiver by Company of any breach or default of these Terms, or any provision of these Terms, be a waiver of any subsequent breach or default or a waiver of the provision itself. Use of section headers in these Terms is for convenience only and will not have any impact on the interpretation of any provision. Throughout these Terms the use of the word “including” means “including but not limited to”. If any part of these Terms is held to be invalid or unenforceable, the unenforceable part will be given effect to the greatest extent possible, and the remaining parts will remain in full force and effect.
13.2.
Changes to these Terms of Use. Company may update or change these Terms from time to time in order to reflect changes in any offered services, changes in the law, or for other reasons as deemed necessary by Company. The effective date of any Terms will be reflected in the “Last Revised” entry at the top of these Terms. User’s continued use of the Website after any such change is communicated shall constitute User’s consent to such change(s).
13.3.
Governing Law & Jurisdiction. These Terms are governed by the laws of the British Virgin Islands, without regard to its conflict of law principles. User hereby irrevocably consents to the exclusive jurisdiction and venue of the competent courts of the British Virgin Islands for all disputes arising out of or relating to the use of the Website or the Service not subject to the Arbitration Agreement outlined in Section 13.4.
13.4.
Dispute Resolution
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
13.5.
Third-Party Beneficiaries. This Agreement and the rights and obligations hereunder shall bind and inure to the benefit of the parties and their successors and permitted assigns. Nothing in this Agreement, expressed or implied, is intended to confer upon any Person, other than the parties and their successors and permitted assigns, any of the rights hereunder.
13.6.
No Support or Maintenance. User acknowledges and agrees that Company will have no obligation to provide User with any support or maintenance in connection with the Website or the Service.
Company Contact Information. Questions can be directed to Company at: legal@bsxlabs.xyz..