1. Introduction
This User Agreement ("Agreement") governs your use of all services provided through our platforms, including the HYFI Blockchain, HYFI Wallets (managed and self-custody), and related services. By accessing or using our services, you agree to comply with and be bound by this Agreement.
2. Eligibility
To use any HYFI Service, you must be at least 18 years old and not be from a country that is sanctioned by the United Nations or listed as high-risk by the Financial Action Task Force (FATF). By using the services, you confirm that you meet these requirements and will not use them for any illegal or prohibited activities.
3. Compliance with Local Laws
You are responsible for complying with all laws in your location when using HYFI services. By using the services, you confirm that your use is lawful and that you will not use the services for any illegal or prohibited activities.
4. Force Majeure
We are not responsible for any delays or failures in providing our services if they are caused by events beyond our control, such as natural disasters, wars, pandemics, government actions, or problems with the internet or electricity.
5. Account Security
When you create an account, you agree to provide accurate and complete information. You are responsible for maintaining the security of your account and for all activities that occur under your account. You should not share your account details with anyone else. HYFI is not liable for any losses that result from unauthorized use of your account.
6. Prohibited Activities
You agree not to use our services for any unlawful activities, including money laundering, financing terrorism, or any other illegal activities. You must comply with all applicable laws and regulations in your jurisdiction.
7. Business Verification
If you are using HYFI for business purposes, we strongly encourage you to get verified. Verified users can display detailed information such as addresses, business hours, social media links, and more, which helps build trust with other users.
8. Third-Party Content and Services
Third-party content, services, and tokenized assets are available for your convenience, but we do not verify, monitor, or control them. We do not guarantee, endorse, or recommend any third-party content, services, or tokenized assets. If you choose to access, rely on, or use third-party content, services, and tokenized assets, you do so at your own risk. HYFI is not responsible for any losses you may incur as a result of using or trusting third-party content, services, or tokenized assets.
9. Self-Custody and Security
You are fully responsible for setting up and using our services correctly, and for taking steps to secure, protect, and back up your accounts and content. This includes using encryption, managing your own account security, and safely storing any passwords or secret recovery phrases. HYFI is not responsible for any theft or loss of your secret recovery phrase, especially if it involves unauthorized access to your personal device or cloud storage.
10. Managed Wallets Disclaimer
For managed wallets, while we take security seriously and implement robust measures to protect your data and assets, you acknowledge that using a managed wallet involves trusting HYFI with the management of your digital assets. There are risks involved, and HYFI cannot be held liable for losses beyond our control.
11. Transaction Fees
Transaction fees may apply when using our services. These fees will be clearly disclosed at the time of the transaction. Certain fees are fixed, while others may be a percentage of the transaction amount.
12. Intellectual Property
You may not use any HYFI intellectual property (including trademarks, logos, and software) without our express permission.
13. Integration with Third-Party Services
HYFI may integrate with third-party services. We are not responsible for the practices or policies of third parties. Your use of third-party services is at your own risk.
14. Tokenization of Real-World Assets
By using HYFI to tokenize real-world assets, you represent and warrant that you have all necessary rights, permissions, and authority to tokenize the assets you submit to the platform. You are solely responsible for ensuring that the tokenization of these assets complies with all applicable laws, regulations, and contractual obligations.
You agree to provide accurate, complete, and up-to-date information about the assets you tokenize on HYFI. You acknowledge that any false, misleading, or incomplete information may result in the suspension or termination of your ability to tokenize assets on the platform, and may also expose you to legal liability.
By tokenizing an asset on HYFI, you confirm that you are the legal owner of the asset or have obtained all necessary consents from the legal owner(s) to tokenize and trade the asset on the HYFI platform. You agree that HYFI is not responsible for verifying ownership or title to any asset and that any disputes regarding ownership or title must be resolved directly between you and any third parties involved.
You are solely responsible for ensuring that the tokenization, sale, or transfer of any real-world assets on HYFI complies with all applicable laws and regulations, including but not limited to securities laws, property laws, and consumer protection laws. HYFI reserves the right to suspend or terminate any tokenization process that it believes, in its sole discretion, may violate applicable laws or pose a risk to the platform or its users.
You acknowledge that the tokenization of real-world assets involves risks, including the risk of losing the asset, the risk of disputes over ownership or value, and the risk of changes in law or regulation that may affect the ability to tokenize or trade the asset. You assume all risks associated with the tokenization of assets on HYFI and agree that HYFI is not liable for any losses arising from such risks.
Once an asset is tokenized on HYFI, you acknowledge that the token representing the asset may be traded, sold, or transferred within the platform according to the terms and conditions of the HYFI platform. You are responsible for any representations, warranties, and obligations related to the tokenized asset, including any obligations to purchasers or transferees of the token.
HYFI reserves the right to terminate your ability to tokenize assets on the platform at any time and for any reason, including but not limited to violations of this Agreement, concerns about the legality or legitimacy of the tokenized assets, or any actions that may harm the platform or its users.
These clauses are designed to ensure that third parties using the HYFI platform for tokenization do so responsibly and in compliance with all applicable laws and regulations.
15. Trading in Tokenized Assets
By purchasing tokenized assets on the HYFI platform, you acknowledge that such purchases involve risks, including, but not limited to, the risk of loss, the risk of illiquidity, and the risk of disputes over the ownership or value of the underlying assets. You understand that the value of tokenized assets can fluctuate and that there is no guarantee of profit.
You agree that you are responsible for conducting your own due diligence before purchasing any tokenized assets on the HYFI platform. HYFI does not guarantee the accuracy, completeness, or reliability of any information provided by the asset seller or other third parties. All decisions to purchase are made at your own discretion and risk.
As a buyer of tokenized assets, you agree to comply with all applicable laws and regulations in your jurisdiction. You represent and warrant that your purchase and ownership of tokenized assets is lawful in your jurisdiction and does not violate any legal, regulatory, or contractual obligations.
Purchasing a tokenized asset does not necessarily confer ownership of the underlying physical or digital asset. The token represents economic rights or a fraction of the asset, not necessarily full legal title. You should review the specific terms associated with each tokenized asset to understand the rights and obligations you are acquiring.
Tokens representing the assets purchased on HYFI may be transferable according to the terms set by the asset issuer. HYFI does not guarantee that a secondary market for these tokens will exist, nor does it warrant the liquidity or marketability of the tokens.
HYFI does not take custody of the underlying physical or digital assets represented by tokens. Custody arrangements, if any, are the responsibility of the asset issuer and are governed by separate agreements between the buyer and the issuer.
In the event of any dispute regarding the ownership, authenticity, or value of a tokenized asset, your recourse is limited to the remedies provided by the asset issuer or under applicable law. HYFI does not mediate disputes or guarantee the enforceability of the rights associated with tokenized assets.
You are responsible for paying any fees, taxes, or other charges that may apply to your purchase of tokenized assets. HYFI may charge transaction fees, which will be disclosed at the time of the transaction. It is your responsibility to report and pay any taxes applicable to your transactions on the HYFI platform.
HYFI provides no warranty, express or implied, regarding the tokenized assets available on the platform. This includes, but is not limited to, warranties of merchantability, fitness for a particular purpose, or non-infringement. All tokenized assets are sold "as is" and "where is."
You agree to indemnify and hold harmless HYFI, its affiliates, and their respective employees, officers, directors, and representatives from any losses, damages, liabilities, and expenses (including reasonable attorneys’ fees) arising out of or related to your purchase or ownership of tokenized assets on the HYFI platform. This includes any claims related to the legality, ownership, accuracy, or compliance of the tokenized assets.
This agreement, and any transactions conducted on the HYFI platform, are governed by the laws of the jurisdiction of Wyoming, USA. Any disputes arising from these transactions shall be resolved according to the dispute resolution provisions set forth in the HYFI User Agreement.
HYFI reserves the right to amend these clauses at any time. Any changes will be effective immediately upon posting. Your continued use of the HYFI platform after the posting of changes constitutes your acceptance of such changes.
16. Indemnification
You agree to indemnify and hold harmless HYFI, its affiliates, and their respective employees, officers, directors, and representatives from and against any losses, damages, liabilities, and expenses (including reasonable attorneys’ fees) arising out of or related to the tokenization of any real-world assets on the HYFI platform. This includes any claims related to the legality, ownership, accuracy, or compliance of the tokenized assets.
17. Limitation of Liability
HYFI is not liable for any direct, indirect, incidental, or consequential damages arising out of or in connection with your use of our services. This includes, but is not limited to, loss of funds, data, or profits.
18. Dispute Resolution
Any disputes arising out of or related to this Agreement shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. The arbitration shall be conducted digitally, and the decision of the arbitrator shall be final and binding on both parties.
19. Termination of Services
We reserve the right to suspend or terminate your access to our services at any time, without notice, if you violate this agreement or engage in activities that could harm HYFI or its users.
20. Amendments
We may update this User Agreement from time to time. When we do, we will notify you of any significant changes. Your continued use of our services after the changes take effect will constitute your acceptance of the new terms.
21. Governing Law
This Agreement is governed by the laws of the jurisdiction of Wyoming, USA.
22. Contact Information
If you have any questions or concerns about this User Agreement, please email us at team@hyfidao.com.