Term of service
Last updated: June 2024
PLEASE READ THESE TERMS OF SERVICE CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION AND AFFECT YOUR LEGAL RIGHTS. BY CLICKING TO ACCEPT, SIGN, AND/OR USING OUR SERVICE, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OF THE TERMS INCORPORATED HEREIN BY REFERENCE. IF YOU DO NOT AGREE TO THESE TERMS, YOU MAY NOT ACCESS OR USE THE SERVICE.
1. Introduction
Welcome to Stavax ("we," "us," "our"). Stavax provides an omnichain, self-custodial smart wallet designed to simplify Web3 adoption by connecting diverse blockchain ecosystems. By accessing or using our website, applications, our APIs, or any of our services (collectively, the "Stavax Service"), you acknowledge that you have read, understood, and agree to comply with all the terms and conditions outlined in this Agreement, including our Privacy Policy.
Stavax Account is a solution across multiple blockchains, designed to enhance the adoption of Web3 by offering a user-friendly experience and broader accessibility for Web3 projects. We do not hold or control the tokens, NFTs, or blockchains that users interact with, nor do we execute purchases, transfers, or sales of tokens or NFTs without your explicit authorization.
As our service offerings expand, specific additional terms may apply to certain services, which will supplement these main Terms in case of any conflicts.
Stavax reserves the right to modify these Terms at any time. We will notify you of any material changes. By continuing to use the Service after such modifications, you indicate your acceptance of the revised Terms. It is your responsibility to review these Terms periodically to understand the current terms and conditions that apply to your use of the Service.
2. Definitions
"Stavax," "Stavax Account," or "Wallet" refers to our omnichain, self-custodial smart wallet software.
"Service" means the Stavax Wallet and associated services.
"User," "you," or "your" refers to the person or entity using the Service.
"Digital Assets" refers to blockchain-based assets or tokens across multiple chains, such as cryptocurrencies and NFTs.
3. The Stavax Service
3.1. Stavax Account
Web3 Account Creation: Users can create a Stavax account with a single click by using their existing social media accounts, such as Gmail, Apple, Telegram, Facebook, and more.
Self-Custodial Security: The Stavax Account operates as a self-custodial, smart contract-based wallet. It employs Multi-Party Computation (MPC) technology to fragment private keys across multiple secure servers, thereby reducing the risk of unauthorized access and enhancing the protection of users' digital assets.
On-Chain Transactions: Users can send and receive digital assets and execute on-chain transactions through their Stavax Account.
3.2. Omnichain
Stavax is designed to interact with multiple blockchain networks. While we strive to support various chains, we do not own or control any of these underlying blockchain networks. Users acknowledge and agree that Stavax is not responsible for the functionality, security, or availability of these blockchain networks. Any issues or disputes arising from interactions with these networks must be resolved directly with the respective network providers.
3.3. Integration Service
Stavax allows you to connect your Stavax Account to third-party decentralized applications ("dApps"). The dApps are integrated into the user interface of Stavax or through Stavax's API SDK. The dApp provider is responsible for the operation of the service and the accuracy, completeness, and timeliness of any information provided therein. In case of any (technical) issues concerning the dApp, the user must contact the respective dApp directly. The terms of service, if any, shall be governed by the applicable contractual provisions between the user and the respective dApp. Similarly, we are not liable in the event of a breach of contract, damage, or loss related to the use of such a dApp.
4. Third-Party Services Integrated with Stavax Account
Stavax allows you to connect your Stavax Account to third-party decentralized applications ("dApps"). However, users should be aware of the following specific terms regarding dApps:
We do not have any oversight over your activities with dApps, and therefore we do not and cannot make any representation regarding their appropriateness and suitability for you.
dApps are not hosted, owned, controlled or maintained by us. We also do not participate in the Transaction and will not and cannot monitor, verify, censor or edit the functioning or content of any dApp.
We have not conducted any security audits, bug bounty or formal verification (whether internal or external) of the dApps.
We have no control over, do not recommend, endorse, or otherwise take a position on the integrity, functioning of, content and your use of dApps, whose sole responsibility lies with the person from whom such services or content originated.
When you access or use dApps, you accept that there are risks in doing so and that you alone assume any such risks when choosing to interact with them. We are not liable for any errors or omissions or for any damage or loss you might suffer through interacting with those dApps.
You know of the inherent risks of cryptographic and Blockchain-based systems and the high volatility of Token markets. Transactions undertaken in the Blockchain are irrevocable and irreversible and there is no possibility to refund Token that have been deployed.
You should read the license requirements, terms and conditions as well as the privacy policy of each dApp that you access or use. Certain dApp may involve complex transactions that entail a high degree of risk.
If you contribute integrations to dApps, you are responsible for all content you contribute, in any manner, and you must have all rights necessary to do so, in the manner in which you contribute it. You are responsible for all your activity in connection with any dApp.
Your interactions with persons found on or through the dApp, including payment and delivery of digital assets, and any other terms associated with such dealings, are solely between you and such persons. You agree that we shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings.
If there is a dispute between you and the dApp provider or/and other users of the dApp, you agree that we are under no obligation to become involved. In the event that you have a dispute with one or more other users, you release us, our officers, employees, agents, contractors and successors from claims, demands, and damages of every kind or nature, known or unknown, suspected or unsuspected, disclosed or undisclosed, arising out of or in any way related to such disputes and/or our Services.
5. Fees and Charges
Smart Contract Deployment Fee: Stavax charges a one-time fee for creating and deploying a new smart contract account on a blockchain network ("Smart Contract Deployment Fee"). The Smart Contract Deployment Fee is applied when you initiate your first on-chain transaction on that blockchain network. The amount of the Smart Contract Deployment Fee varies based on the gas fees required for contract deployment on the specific blockchain.
Network Transaction Fees: For on-chain transactions occurring after your initial smart contract deployment using the Stavax Account, Stavax does not currently charge any additional fees. However, you are responsible for paying the network/gas fees imposed by blockchain for executing those on-chain transactions.
Third-Party Fees: Stavax's services may interact with third-party decentralized applications (dApps). Stavax does not control and is not responsible for any fees imposed by such dApps. You are solely responsible for any fees charged by third-party dApps.
Fee Modifications: Stavax reserves the right to modify its fees at any time in its sole discretion. If Stavax modifies any fees, it will provide advance notice of such changes in accordance with the procedure set forth in Section 12 (Modifications to Terms) below.
6. User Responsibilities and Obligations
Users of the Stavax service are expected to adhere to the following guidelines:
Compliance: Users must comply with all applicable laws and regulations while using the Stavax service. Prohibited activities include engaging in illegal activities, infringing upon the rights of others, interfering with the operation of the service, distributing harmful software or malware, and misrepresenting identity or affiliation with Stavax.
Responsible Use: Users must use the service responsibly, respecting the rights of others and maintaining the integrity of the platform.
Account Security: Users are responsible for maintaining the security of their accounts, including safeguarding passwords and other authentication credentials.
Reporting: Users must promptly report any unauthorized access or suspected security breaches to Stavax to ensure the safety and security of their accounts and the platform.
7. Intellectual Property
Ownership: All content and materials provided by Stavax, including software, logos, designs, and trademarks, are the intellectual property of Stavax or its licensors. Users are granted a limited, non-exclusive, non-transferable license to use the Stavax service and its associated intellectual property solely for the purposes outlined in these terms.
User Contributions: Users retain ownership of any content they submit or contribute to the Stavax service. By submitting content, users grant Stavax a worldwide, royalty-free, perpetual, irrevocable, and sublicensable right to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform, and display such content in connection with the service. This ensures that Stavax can effectively operate and provide its services while respecting user contributions.
8. Privacy Policy
Please refer to our Privacy Policy for information about how we collect, use, and share information from and/or about you ("Your Information"). By submitting Your Information through our Service, you agree to the terms of our Privacy Policy and you expressly consent to the collection, use, and disclosure of Your Information in accordance with the Privacy Policy.
9. Security
Responsibility: You must own and maintain control over any wallet used in connection with our Services. This includes implementing all necessary measures to secure your wallet, including credentials or other means of authorization required to access it.
Liability: We do not assume responsibility for securing your Private Keys, credentials, or any other means of authorization for your wallet(s). Any security breaches, acts, or omissions that result in the loss of access or custody of cryptographic assets stored in your wallet are excluded from our liability.
10. Disclaimers
Your access to and use of the Service is at your own risk. You understand and agree that the Service is provided on an "as is" and "as available" basis, and Stavax expressly disclaims warranties or conditions of any kind, either express or implied. Stavax (and its suppliers) make no warranty or representation and disclaim all responsibility for the Service:
(A) Will meet your requirements;
(B) Will be available on an uninterrupted, timely, secure, or error-free basis; or
(C) Will be accurate, reliable, complete, legal, or safe.
Stavax disclaims all other warranties or conditions, express or implied, including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, title, and non-infringement. Stavax will not be liable for any loss of any kind resulting from any action taken or taken in reliance on material or information contained on the Service.
While Stavax endeavors to make your access to and use of the Service safe, Stavax cannot and does not represent or warrant that the Service, content, content linked to or associated with digital assets you interact with using our service or our service providers' servers are free of viruses or other harmful components. We cannot guarantee the security of any data that you disclose online. No advice or information, whether oral or obtained from Stavax parties or through the Service, will create any warranty or representation not expressly made herein. You accept the inherent security risks of providing information and dealing online over the internet and will not hold Stavax responsible for any breach of security.
We will not be responsible or liable to you for any loss and take no responsibility for, and will not be liable to you for, any use of or loss of use of digital assets, including but not limited to any losses, damages, or claims arising from:
(A) User error, incorrectly constructed transactions, or mistyped addresses;
(B) Server failure or data loss;
(C) Unauthorized access or use;
(D) Any unauthorized third-party activities, including without limitation the use of viruses, phishing, brute forcing, or other means of attack against the Service or digital assets.
No Stavax party is responsible or liable for any sustained losses or injury due to vulnerability or any kind of failure, abnormal behavior of software (e.g., wallet, smart contract), blockchains. No Stavax party is responsible for losses or injury due to late reports by developers or representatives (or no report at all) of any issues with the blockchain supporting digital assets., including forks, technical node issues, or any other issues resulting in losses or injury.
11. Limitation of Liability
To the fullest extent permitted by law, you agree that Stavax and its service providers shall not be liable to you or any third party:
(A) For any lost profit or any indirect, consequential, exemplary, incidental, special, or punitive damages arising from these Terms or the Stavax Service, products, or third-party sites and products. This includes damages related to loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, or loss of data, whether caused by strict liability or tort (including negligence), breach of contract, or otherwise, even if foreseeable and even if Stavax or its service providers have been advised of the possibility of such damages; or
(B) For any other claim, demand, or damage whatsoever resulting from or arising out of or in connection with these Terms or the delivery, use, or performance of the Stavax Service.
Access to and use of the Stavax Service, products, or third-party sites and products are at your own discretion and risk. You acknowledge and agree that you will be solely responsible for any damage to your computer system or mobile device or loss of data resulting therefrom.
Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you. Additionally, some jurisdictions limit disclaimers or limitations of liability for personal injury from consumer products, so this limitation may not apply to personal injury claims.
12. Modifications to the Service
We reserve the right in our sole discretion to modify, suspend, or discontinue, temporarily or permanently, the Service (or any features or parts thereof) at any time and without liability as a result.
13. Governing Law and Dispute Resolution
These Terms are governed by Singapore law. Any dispute arising from these Terms or related transactions shall be resolved through arbitration administered by the Singapore International Arbitration Centre (SIAC) under its Arbitration Rules. The arbitration will take place in Singapore with one arbitrator, and conducted in English.
Disputes are to be arbitrated individually; class arbitrations or representative actions are not permitted. The arbitrator’s decision is final and enforceable in any court with jurisdiction. Stavax may seek interim relief from a court if necessary. Both parties agree to keep arbitration proceedings and awards confidential, except as required for enforcement or as advised by legal advisors.
14. Termination and Suspension
If you breach any of the provisions of these Terms, all licenses granted by Stavax will terminate automatically. Additionally, notwithstanding anything contained in these Terms, we reserve the right, with or without notice and in our sole discretion, to suspend, restrict, disable, terminate, or delete your Account and/or your ability to access or use the Service (or any part of the foregoing) at any time and for any or no reason, and you acknowledge and agree that we shall have no liability or obligation to you in such event and that you will not be entitled to a refund of any amounts that you have already paid to us. If we terminate your account or restrict your access or use of the Service, you retain ownership of your digital assets. You may still access your digital assets through public blockchains and other web3 wallets, platforms, and/or websites.
15. Miscellaneous
These Terms (and any other applicable terms or policies incorporated by reference in these Terms) constitute the entire agreement between you and Stavax relating to your access to and use of the Service. These Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by you without the prior written consent of Stavax, and Stavax’s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. The section headings used herein are for reference only and shall not be read to have any legal effect.
Except as otherwise provided herein, these Terms are intended solely for the benefit of the parties and are not intended to confer third-party beneficiary rights upon any other person or entity.
16. Contact
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