Terms Of Use

Terms of Use

Effective Date: As of Mainnet 2023

These Terms of Use ("Terms") govern your access to and use of the MultichainZ website (referred to as "MultichainZ.com") and the App.MultichainZ.com interface (referred to as the “Interface") collectively referred to as the "Services." The Services are provided by MultichainZ ("we," "us," or "our").

MultichainZ.com provides information and resources about the MultichainZ web3.0 lending protocol, which is a decentralized non-custodial liquidity protocol. The protocol consists of open-source self-executing smart contracts deployed on various permissionless public blockchains, including Ethereum (referred to as the "MultichainZ Protocol" or the "Protocol"). MultichainZ does not control or operate any version of the MultichainZ Protocol on any blockchain network.

The Interface, hosted on IPFS, is an independent interface that allows users, through their self-custodial wallets, to interact with the MultichainZ Protocol.

ARBITRATION NOTICE: THESE TERMS INCLUDE AN ARBITRATION CLAUSE BELOW. EXCEPT FOR CERTAIN TYPES OF DISPUTES MENTIONED IN THAT ARBITRATION CLAUSE, YOU AND WE AGREE THAT ANY DISPUTES RELATING TO THE SERVICES (AS DEFINED BELOW) WILL BE RESOLVED BY MANDATORY BINDING ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.

You are entering into a binding Agreement.

BY ACCESSING OR USING OUR SERVICES, INCLUDING OUR WEBSITES, SUCH AS MultichainZ.COM AND APP.MultichainZ .COM (AND ANY RESPECTIVE SUBDOMAINS); APPLICATIONS; AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION, TEXT, LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED, OR APPEARING THEREON, WHETHER ACCESSED THROUGH THE SITE OR OTHERWISE (COLLECTIVELY, THE “SERVICES”), YOU ARE ENTERING INTO A BINDING AGREEMENT WITH US THAT INCLUDES THESE TERMS, PRIVACY POLICY (FOUND HERE), AND OTHER POLICIES REFERENCED HEREIN (COLLECTIVELY, THE “AGREEMENT”).

In the event of a conflict between these Terms and any applicable additional terms, these Terms will prevail unless expressly stated otherwise. If you do not agree to these Terms, you may not use the Services and should refrain from visiting the Site or engaging with the Services.

Use of the Services

To use the Services, you must have the legal capacity to enter into the Agreement. By using the Services, you represent and warrant that you meet the eligibility requirements. If you do not meet these requirements, you must not access or use the Site or the Services.

We may update the Services and the Terms.

We reserve the right to change or update the Services, the Agreement, and any part of the Terms at our sole discretion and without prior notice. Once any updated part of the Agreement becomes effective, you will be bound by the Terms if you continue to use the Services. We may also modify or discontinue all or part of the Services (including access via third-party links) at any time, without any liability to you.

2. MultichainZ.com is an informational resource about the Protocol; however, it is not the exclusive or sole source.

All information provided in connection with your access and use of the Services is intended for informational purposes only. While we strive to provide accurate and reliable information, we cannot guarantee the accuracy, completeness, or timeliness of the information provided. It is possible that the information may be outdated or subject to errors or omissions. The codebases of all the versions of the Protocol are maintained on each full network node of the relevant blockchain. You should not take, or refrain from taking, any action based on any information contained on MultichainZ .com, including, without limitation, the docs.MultichainZ .com ("Developer Docs") or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. You further acknowledge and agree that we will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.

Users retain full control over their crypto-assets.

It is important to understand that neither we nor any affiliated entity is a party to any transaction on the blockchain networks underlying the Protocol; we do not have possession, custody, or control over any crypto-assets, or any user's funds. You understand that when you interact with the Protocol, you retain control over your crypto-assets at all times. Users use third-party self-custodial wallets to interact with the Protocol; we have no control or guarantee over the wallets.

To interact with the Protocol using the Interface, you will need to connect and engage with it through your self-custodial wallet. It's essential to understand that your self-custodial wallet is provided by a third-party entity and is generally governed by separate terms and conditions set by the respective third-party service provider. These terms and conditions may involve additional fees, disclaimers, or risk warnings regarding the accuracy and reliance on the provided information. Reviewing and comprehending the terms and conditions associated with your chosen self-custodial wallet provider to ensure compliance and to be aware of any applicable charges or risks is your sole responsibility.

We are not intermediaries to the Protocol transactions.

Due to the non-custodial and decentralized nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have a fiduciary relationship or obligation to you regarding any other decisions or activities that you affect when using our Services.

We have no information about all Protocol transactions beyond what is publicly available via the blockchain.

You acknowledge that we do not have information regarding all Protocol transactions beyond what is available or obtainable publicly via the blockchain. However, we may collect information regarding the users of the Services in accordance with our Privacy Policy.

There may be associated blockchain fees. Transactions using blockchains may require the payment of gas fees, which are essentially network transaction fees paid on every transaction that occurs on the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any services to users or deliver, hold, and/or receive payment for cryptoassets. We do not receive any fees for any transactions or the Services.

3. Risk Assumptions

You assume the risks of engaging in MultichainZ, a novel and experimental technology. Technologies such as smart contracts on multiple blockchains, cryptographic tokens generated by these smart contracts, and other emerging software, applications, and systems that interact with multichain-based networks are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of cryptoassets, their market value, or digital funds. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using multichain-based technology.

We are not liable for any third-party services or links.

We are not responsible for the content or services of any third-party, including, without limitation, any network or apps like Discord or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through MultichainZ, are at your own risk. Please note that we do not have control over third-party services. Consequently, we cannot guarantee, endorse, or recommend such content or services to users of MultichainZ, nor can we endorse their use for any specific purpose.

You agree to the automated collection and disbursement of proceeds by smart contracts.

You acknowledge and agree that all transactions accessed through MultichainZ will be automatically processed using one or more smart contracts. By engaging in transactions using MultichainZ, you acknowledge and consent to the automatic processing of all transactions in connection with using the platform. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of cryptoassets are distributed.

You acknowledge the risks of using MultichainZ.

You bear sole responsibility for evaluating MultichainZ before using it, and all transactions on the multichain are irreversible, final, and without refunds. The platform may be disabled, disrupted, or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all the potential risks of using and accessing MultichainZ. You agree to accept these risks and agree that you will not seek to hold any MultichainZ Company Indemnified Party responsible for any consequent losses.

You are solely responsible for the security of your self-custodial wallet.

You understand and agree that you are solely responsible for maintaining the security of your self-custodial wallet within MultichainZ. You alone are responsible for securing your private keys. We do not have access to your private keys. Any unauthorized access to your self-custodial wallet by third parties could result in the loss or theft of any cryptoasset or funds held in your account and any associated accounts. You understand and agree that we have no involvement in, and you will not hold us responsible for managing and maintaining the security of your self-custodial wallet. The private key associated with the self-custodial wallet address from which you transfer cryptoassets or the private key associated is the only private key that can control the cryptoassets you transfer into the smart contracts.

4. MultichainZ Terms and Conditions:

i. Access Restriction

MultichainZ reserves the right to limit your access to the Services.

By using the Services, you acknowledge and agree that MultichainZ may, at its sole discretion, restrict your access to the Services using any technically available methods if we reasonably suspect that:

(a) You are engaging in money laundering or any illegal activities through the Services.

(b) You have participated in fraudulent activities.

(c) You have obtained cryptoassets using inappropriate methods, including the use of stolen funds.

(d) You are subject to sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC"), the United Nations Security Council, the European Union, Her Majesty's Treasury, or any other applicable legal or regulatory authority.

(e) Your individual or entity status, or your wallet address, appears on the Specially Designated Nationals and Blocked Persons List ("SDN List"), Consolidated Sanctions List ("Non-SDN Lists"), or any other sanctions lists administered by OFAC.

(f) You are located, organized, or reside in a country or territory that is subject to sanctions, including but not limited to Côte d'Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria, or whose government is the subject of sanctions.

(g) You have otherwise violated these Terms. MultichainZ reserves the right to take appropriate action if there is a reasonable suspicion of illegal activity through the Services.

ii. Service Quality and Accessibility

MultichainZ does not guarantee the reliability or availability of the Services.

By accessing or using the Services, you acknowledge, understand, and agree that the Services may occasionally become inaccessible or inoperable due to various reasons, including equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or reasonable foresight, disruptions in the underlying blockchain infrastructure, or unavailability of third-party service providers or external partners.

You acknowledge and accept the risks associated with accessing and using the Services at your own discretion. Engaging in blockchain-based transactions should only occur if it aligns with your personal circumstances and financial resources. By using the Services, you affirm that you have, are, and will continue to be solely responsible for conducting your own due diligence regarding the risks associated with transactions, smart contracts, and crypto-assets.

5. Tax Responsibilities

Users are solely responsible for their taxes and duties.

Users of the Services bear full responsibility for paying any taxes, duties, and assessments that may be claimed or imposed by any governmental authority in connection with their use of the Services, as well as any taxes or duties resulting from the utilization or exploitation of crypto-assets and interactions with smart contracts. It is important to note that the tax treatment of blockchain-based transactions is uncertain due to their novelty.

6. Limitation of Liability

To the maximum extent permitted by applicable law, MultichainZ and its affiliates, directors, officers, employees, agents, and partners shall not be liable for any direct, indirect, incidental, consequential, special, or exemplary damages, including but not limited to damages for loss of profits, goodwill, data, or other intangible losses, arising out of or in connection with the use or inability to use our platform, even if MultichainZ has been advised of the possibility of such damages.

In no event shall MultichainZ's total cumulative liability to you or any third party arising out of or in connection with these Terms of Use or the use of our platform exceed the amount paid by you, if any, for accessing and using our platform.

MultichainZ makes no representations or warranties regarding the security, accuracy, reliability, availability, or performance of our platform. We shall not be responsible for any interruption, delay, or loss of data due to technical issues or events beyond our control.

The limitations of liability in this section shall apply regardless of the theory of liability, whether based on contract, tort (including negligence), strict liability, or any other legal or equitable theory.

Some jurisdictions do not allow the exclusion or limitation of liability for certain types of damages. Therefore, the above limitations may not apply to you to the extent prohibited by applicable law.

By using our platform, you acknowledge and agree that MultichainZ's liability is limited to the extent permitted by law and that you assume the risks associated with the use of our platform.

If you do not agree with the limitations of liability stated in this section, your sole remedy is to discontinue the use of our platform.

7. The Governing Laws

All our services provided here shall be governed by and construed in accordance with the laws of the Singapore.

8. This Agreement

This agreement shall not be used as a guide, we reserve the right to update our legal terms and conditions as per updated legal advice or requirements.

9. Severability

If any provision of these Terms of Use is found to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect. The invalid, illegal, or unenforceable provision shall be replaced by a valid, legal, and enforceable provision that most closely reflects the original intent of the provision.

10. Termination

Either party may terminate these Terms of Use at any time for any reason. Upon termination, all rights and licenses granted under these Terms of Use will immediately cease. Any obligations or liabilities incurred prior to the termination shall survive the termination.

Disclaimers

A. No Financial or Investment Advice: The information provided on our platform, including but not limited to the documentation, guides, and educational materials, is for informational purposes only. It should not be construed as financial or investment advice. Users should conduct their own research and consult with financial professionals before making any financial or investment decisions.

B. Use at Your Own Risk: The use of our protocol, tools, and services is at your own risk. We make no warranties, express or implied, regarding the security, accuracy, reliability, availability, or performance of our platform. We shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising out of or in connection with the use of our platform.

C. Third-Party Integration: Our platform may integrate with third-party services, protocols, or applications. We do not endorse, guarantee, or assume any responsibility for the functionality, security, or accuracy of these third-party integrations. Users are solely responsible for their interactions with such third-party services.

D. Regulatory Compliance: Users are responsible for complying with all applicable laws, regulations, and licensing requirements when using our platform. We do not provide legal or regulatory compliance advice.

E. Third-Party Links: Our platform may contain links to third-party websites or resources. We do not endorse, guarantee, or assume any responsibility for the content, accuracy, or reliability of these third-party links. Users access these links at their own risk.

By accessing and using our platform, you acknowledge and agree to the above terms and disclaimers. It is important to review and understand these terms before using our services.

Contact our Team:

[e-mail]