Preamble
FROSTWALLET FZ-LLC., being the owner of frostwallet.cc (hereinafter -
the “Website”, “We”, “Us”, “Our” and its derivatives) and its related
services, provides them to Users (hereinafter – “Users”, “You” and its
derivatives). You acknowledge that any use of the Website and any use
of our Services (including API) are subject to these Terms and
Conditions (hereinafter - the “Terms”).
We provide means for Users to access and transfer ownership of Crypto
Assets including the use of integrated Third-Party Services (together
- the «Services»).
We reserve the right to update the Terms at any time, at our sole
discretion. By continuing to use the Website or Services following the
release of updated Terms, you consent to such updated Terms. We invite
you to check this page regularly for updates to the Terms.
Definitions
"Crypto Assets" refers herein to such type of assets which can only
and exclusively be transmitted by means of block-chain technology,
including but not limited to digital coins, digital tokens, assets
from decentralized applications and any other type of digital mediums
of exchange. We have the right to unilaterally decide and change the
list of Crypto Assets, which can be available in the Services.
"Decentralized Application, DApp(s)" refers herein to the application
(irrespective to desktop, mobile or any others) that can be installed
and launched by many Users on a decentralized network with trustless
protocols.
“Third Party Services” (or “Exchange services”)– refers herein to the
possibility provided by the third-party software using API 1) to
exchange one type of crypto asset to another one or 2) to exchange
crypto asset to fiat money and vice versa. We do not provide exchange
services by ourselves.
"Application Programming Interfaces" or "API" refers herein to the
Third-Party software that is integrated in the Software and that
enables Users to use Third Party Services.
Use of the Services
Our Services can be provided to You with the help of the following
software (hereinafter «the Software”):
1.1. In-browser software, available at frostwallet.cc;
1.2. Mobile application "Frost Wallet" for the digital coins, digital
tokens and any other type of digital mediums of exchange;
1.3. Mobile application "Frost Wallet", for the different types of
assets from DApps;
2. Third Party integrated software.
The Software, the Website, the Services, and the information and
content available therein are protected worldwide by copyright laws.
Our Software is licensed to You without charge based on a personal,
non-exclusive, royalty-free, non-transferable, non-sublicensable,
revocable, worldwide-basis license, for the purpose of accessing and
transferring Crypto Assets.
The Software and the Services are evolving and You may be required to
accept or install updates to the Software or the Services, or update
third-party software (i.e., browsers or OS) in order to keep using the
Software or the Services or access their latest features, including
security updates.
Eligibility
By entering to the Website or/and downloading the Software, you
certify that:
You are of legal age to agree to the Terms, according to Your local
law. The laws of Your state of residence do not prohibit the supply of
our Services to the residents of Your state.
You possess the necessary knowledge to participate in blockchain-based
transactions.
You have the authority to enter into the Terms personally or on behalf
of the legal entity on for whom You are using the services.
All information that You provide to Us at any time is accurate,
current and complete and may not be misleading in any respect. We may,
from time to time, request such information to be provided and/or
updated, in which case You are required to provide Us with the
information without delay. If You are unable or unwilling to provide
or update such information or it is incorrect, we have the right to
deny and/or restrict the usage of the Services.
You have read, understand, and agree to be bound by the Terms. If You
do not agree to be bound by the Terms, you may not access or use the
Services.
Wallet Services
As mentioned above, We provide in-browser (or otherwise local)
software (as well as application software) that gathers the
information on Your Crypto Assets transactions from the ledgers of
different block-chain networks, assists You to create, generate and
store Crypto Assets addresses, transaction requests and encrypted
private keys by the means of the account You create on Website
(hereinafter referred to as the “Wallet”); and transmits Your
transactions requests without requiring You to download or install the
associated Crypto Assets network software to Your local device. Please
be aware, that the Website is not liable for the mistakes in a
respective block-chain network code that is used to broadcast a
transaction request message.
Our Services allow generating and storing a master private key, which
uniquely matches the Wallet and shall be used in connection with the
Wallet to authorize You while entering the Wallet. An encrypted backup
of certain information associated with the Wallet is stored by Us. You
are solely responsible for maintaining the security of Your master
private key and any backup mnemonic associated with Your Wallet. The
Website is not responsible for Your loss of Your private keys and/or
backup mnemonic. We strictly follow the best standards for logical
hierarchy for deterministic wallets, including BIP-32 and BIP-44
documentation.
The Website or the Software do not receive or store neither Your
master private key, nor the unencrypted keys and addresses; and We
cannot assist You with Your master private key retrieval. You are
solely responsible for remembering Your Wallet credentials.
Transactions
The Website, the Software and their related Services provide You
functionality, that assists You to create and send transaction
requests and receive information on Your Crypto Assets transactions.
We do not guarantee that Your transaction will be recorded in the
ledger of each particular Crypto Assets, as we simply transmit Your
request in a form readable by the respective block-chain network. This
means, that You must ensure that Your transactions conform to the
applicable rules of the respective block-chain network. You
acknowledge and agree that the transaction details You submit via the
Services may be not completed, or may be substantially delayed,
including without limitation, by the respective block-chain network.
We may take fees for transactions, that You make through our Services
in addition to the transaction fees (or mining fees) required by the
respective block-chain network.
We do not have access to Your transactions.
Third Party Services
Exchange Services are provided by the Third Parties. We have the right
to change from time to time the list of the Third Parties and the list
of the Exchange Services respectively.
By using Exchange services, you irrevocably accept and agree with the
Third-Party Terms and conditions, concerning provided services,
including applicable fees for the exchange transactions.
Disclaimers and risk disclosures:
No Control Over Block-Chains and Crypto Assets. The Website is not the
creator of, and does not have any control over, any of the Crypto
Assets that the Website allows You to use. You accept and acknowledge
that there are risks associated with utilizing any Crypto Assets
network, including, but not limited to, the risk of unknown
vulnerabilities in or unanticipated changes to the network protocol.
You acknowledge and accept that the Website is not responsible for any
harm occurring as a result of such risks.
No Control Over Actions of Third Parties. The Website might connect
You with Third-Party services. In this case, you are solely
responsible for Your interactions with said Third Parties. Moreover,
we are not liable for any unauthorized Third-Party activities,
including without limitation, the use of viruses, phishing,
brute-forcing or other means of attack against the Website or
Services.
No Control Over Your Own Actions. We will not be responsible or liable
to You for any use of our Services, including but not limited to any
losses, damages or claims arising from Your personal errors,
misbehavior and/or any activities such as forgotten mnemonic keys,
providing incorrect information for constructing transactions, loss of
Your master private key and any others. In other words, you have to be
responsible for Your own Crypto Assets, carefully guard Your master
private key and mnemonic keys and keep it private.
Accuracy of Information. You represent and warrant that any
information You provide via the Services is accurate and complete. You
accept and acknowledge that the Website is not responsible for any
errors or omissions that You make in connection with any Crypto Assets
initiated via the Services, for instance, if You mistype a Crypto
Assets (or wallet) address or otherwise provide incorrect information.
Risks Associated with the Block-chain Protocol. The Website and its
related Services are based on the Block-chain protocol. As such, any
malfunction, unintended function, unexpected functioning of or attack
on the Block-chain protocol may cause the Website to malfunction or
function in an unexpected or unintended manner.
Risk of Unfavorable Regulatory Action in One or More Jurisdictions.
Block-chain technologies have been the subject of scrutiny by various
regulatory bodies around the world. The functioning of the Website and
Services could be impacted by one or more regulatory inquiries or
actions, including the licensing of or restrictions on the use, sale,
or possession of Crypto Assets;
Relationships. Nothing in the Terms shall be deemed to create any
partnership, joint venture, agency, franchise or sales representative
relationship between You and Us.
Unanticipated Risks. Crypto Assets are a new and untested technology.
In addition to the risks discussed, there are risks that We cannot
anticipate. Further risks may materialize as unanticipated
combinations or variations of the discussed risks or the emergence of
new risks.
No professional advice. By using the Services, you fully acknowledge
that We do not provide to You any investment service or advice. Each
User fully acknowledges that any information, product or service
provided by Us on our Website or Apps is not considered investment
advice or recommendation, and independent professional advice should
be sought where appropriate.
Nothing in the Website and the Services can be ensured to contain no
errors, mistakes, mis presentations or failures. Such errors,
mistakes, mis presentations or failures can be without limitation the
result of human agency, program or process imperfections. THEREFORE,
NEITHER WEBSITE NOR, WHERE APPLICABLE, ANY OF THEIR RESPECTIVE
DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR OUTSOURCED ADVISORS MAKES
ANY REPRESENTATION, WARRANTY OR GUARANTEE WHATSOEVER WITH RESPECT TO
THE INFORMATION AND SERVICES AND, IN PARTICULAR, AS TO THE ACCURACY OR
COMPLETENESS OF THE INFORMATION AND SERVICES PROVIDED. Moreover, the
Website is not responsible for any loss of money, assets, securities
and other types of property happened because of using Services.
Privacy Policy
You understand and agree that any personal information provided to Us
(if You provide Us with such kind of information) will be governed by
Our privacy policy (the “Privacy Policy”). The Privacy Policy is
available through the Website and forms an integral part of the Terms.
No Warranty
Except for the representations contained in the Terms, we do not
warrant, including, but not limited to, that our Services are fit for
Your purpose, even if You have previously provided notice of Your
intended purpose.
Indemnity
You will indemnify and hold the Website, its creators, authors,
employees and owners harmless from and against all and any claims,
actions, demands, costs, expenses and damages arising from or related
to (a) Your breach of the Terms; and (b) third-party claims arising
from or related to Your acts, omissions or transactions.
Severability
If any provision of the Terms is deemed unlawful, void, or for any
reason unenforceable, then that provision shall be deemed severable
from the Terms and will not affect the validity and enforceability of
any remaining provisions.
Entire agreement
The Terms constitute the entire agreement between You and Us. The
Terms supersede all prior communications, contracts, or agreements
between the You and Us with respect to the subject matter addressed in
the Terms, whether oral or written.