BloxZap Terms of Service

1. ACCEPTANCE OF TERMS

Welcome to BloxZap! These Terms of Service ("Terms") govern your access to and use of the BloxZap website located at bloxzap.com (the "Site") and any services provided by BloxZap("BloxZap," "we," "us," or "our").

By accessing or using our Site, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, do not use our Site or services.

2. DESCRIPTION OF SERVICE

2.1 Current Status

BloxZap is currently in development and no services are currently available. The Site currently serves only to:

• Provide information about our planned peer-to-peer cryptocurrency exchange platform
• Allow users to subscribe to our early access newsletter
• Collect email addresses for future service notifications

2.2 Future Services

When launched, BloxZap intends to provide a peer-to-peer cryptocurrency exchange platform that enables direct trading between users without intermediaries ("Future Services"). These Future Services may include:

• Direct peer-to-peer cryptocurrency trading
• Multi-signature escrow services
• Reputation and rating systems
• Lightning Network integration
• Order book and matching services
• Communication tools between traders

2.3 No Service Guarantee

We make no guarantee that Future Services will be launched, and we reserve the right to modify, suspend, or discontinue any planned services at any time without notice.

3. ELIGIBILITY AND GEOGRAPHIC RESTRICTIONS

3.1 Age Requirements

You must be at least 18 years old (or the age of majority in your jurisdiction, whichever is higher) to use our Site or subscribe to our newsletter. By using our Site, you represent that you meet these age requirements.

3.2 Geographic Restrictions

Our services are NOT available to residents of the following countries and territories:

• Afghanistan
• Bulgaria
• Central African Republic
• Crimea, Donetsk, Kherson, Luhansk, and Zaporizhzhia regions of Ukraine
• Cuba
• Iran
• Libya
• Myanmar (Burma)
• North Korea
• South Sudan
• Sudan
• Yemen

3.3 Additional Restrictions

When Future Services launch, additional restrictions may apply based on:

• Local cryptocurrency regulations
• Securities laws and licensing requirements
• Anti-money laundering obligations
• Know Your Customer requirements
• Financial services licensing

3.4 Compliance Responsibility

You are responsible for complying with all applicable local, state, national, and international laws and regulations regarding your use of our Site and Future Services, including but not limited to securities laws, tax obligations, and reporting requirements.

4. EARLY ACCESS NEWSLETTER

4.1 Newsletter Purpose

Our early access newsletter provides updates about:

• Development progress and technical milestones
• Launch announcements and beta testing opportunities
• Feature previews and trading demonstrations
• Regulatory compliance updates
• Security enhancements and audit results
• Community updates and user feedback

4.2 Email Communications

By subscribing, you consent to receive promotional and informational emails from us. You may unsubscribe at any time using the unsubscribe link in our emails or by contacting us at [email protected].

4.3 No Commitment

Subscribing to our newsletter does not:

• Guarantee access to Future Services
• Reserve any trading privileges or advantages
• Create any contractual obligations
• Constitute investment advice or recommendations
• Guarantee any specific features, fees, or capabilities

5. PEER-TO-PEER TRADING DISCLAIMERS

5.1 Development Stage Warnings

IMPORTANT: Our peer-to-peer exchange platform is in development. When launched, it may:

• Have limited liquidity and trading pairs
• Experience technical difficulties or system outages
• Require software updates that temporarily disrupt service
• Have compatibility issues with certain wallets or cryptocurrencies
• Be subject to regulatory changes that affect operations

5.2 Peer-to-Peer Trading Risks

Trading on a peer-to-peer platform involves unique risks:

• Counterparty Risk: Other users may fail to complete transactions
• Fraud Risk: Risk of fraudulent or deceptive trading partners
• Price Manipulation: Potential for artificial price inflation or deflation
• Liquidity Risk: May not be able to find willing trading partners
• Settlement Risk: Delays or failures in transaction completion
• Communication Risk: Misunderstandings with trading partners

5.3 No Central Authority

BloxZap operates as a peer-to-peer platform, which means:

• We do not act as a counterparty to trades
• We do not guarantee the completion of any transaction
• We do not control the pricing of cryptocurrencies
• We do not provide market making or liquidity services
• We do not resolve disputes between trading partners
• We do not reverse or modify completed transactions

6. CRYPTOCURRENCY RISKS AND DISCLAIMERS

6.1 High-Risk Activity

Cryptocurrency trading and storage involve significant risks, including:

• Volatility: Cryptocurrency values can fluctuate dramatically and unpredictably
• Irreversibility: Transactions cannot typically be reversed or refunded
• Technology Risks: Software bugs, network failures, or protocol changes may result in loss of funds
• Regulatory Risks: Laws regarding cryptocurrency may change and affect value or legality
• Security Risks: Risk of theft, hacking, loss of private keys, or exchange security breaches
• Market Risks: Manipulation, pump-and-dump schemes, and artificial price movements

6.2 Trading-Specific Risks

Peer-to-peer cryptocurrency trading involves additional risks:

• Execution Risk: Orders may not be filled at expected prices or times
• Slippage Risk: Price movements between order placement and execution
• Arbitrage Risk: Price differences between platforms may disappear quickly
• Information Risk: Market information may be incomplete or inaccurate
• Timing Risk: Network congestion may delay transaction confirmations

6.3 No Financial Advice

Nothing on our Site constitutes financial, investment, legal, or tax advice. We do not:

• Recommend specific cryptocurrencies or trading strategies
• Provide investment research or analysis
• Offer tax or legal guidance
• Guarantee any trading outcomes or profits
• Endorse any particular trading partner or transaction

You should consult with qualified professionals before making any cryptocurrency-related decisions.

6.4 Self-Custody Requirements

Our Future Services are designed to work with self-custody wallets, meaning:

• Full Responsibility: You are solely responsible for securing your private keys and wallets
• No Recovery: We cannot recover lost private keys, passwords, or funds
• No Custody: We do not hold, store, or control your cryptocurrency
• No Insurance: Your funds will not be insured by us or any government agency
• No Guarantee: We cannot guarantee the security of your self-custody arrangements

7. ESCROW AND SECURITY FEATURES

7.1 Multi-Signature Escrow

Our planned multi-signature escrow system is designed to:

• Hold funds securely during trade execution
• Require multiple parties to authorize fund release
• Provide dispute resolution mechanisms
• Protect against single points of failure

However:

• Escrow systems are not infallible and may have technical vulnerabilities
• Smart contract bugs could result in loss of escrowed funds
• We cannot guarantee the security or functionality of escrow services
• Users participate in escrow at their own risk

7.2 Reputation Systems

Our planned reputation and rating systems:

• Help users evaluate potential trading partners
• Track trading history and user feedback
• Provide transparency about user behavior

Limitations:

• Reputation scores may not accurately reflect user trustworthiness
• Systems may be subject to manipulation or gaming
• Past performance does not guarantee future behavior
• We cannot verify the accuracy of user-provided information

7.3 Security Measures

We plan to implement various security measures, but cannot guarantee:

• Prevention of all unauthorized access or attacks
• Protection against all forms of fraud or deception
• Immunity from technical vulnerabilities or exploits
• Complete data security or privacy protection

8. INTELLECTUAL PROPERTY RIGHTS

8.1 Our Property

The Site and its content, including but not limited to text, graphics, logos, images, software, and trading algorithms, are owned by BloxZap or its licensors and are protected by copyright, trademark, and other intellectual property laws.

8.2 Open Source Components

While our website and proprietary algorithms are protected, we intend for some Future Services to incorporate open-source components in accordance with our commitment to transparency and community development.

8.3 Limited License

We grant you a limited, non-exclusive, non-transferable license to access and use the Site for personal trading purposes only.

8.4 User-Generated Content

When Future Services launch, users may contribute:

• Trading feedback and ratings
• Communication with other traders
• Market analysis or commentary

You retain ownership of your content but grant us a license to use it for platform operations.

9. PROHIBITED ACTIVITIES

You may not use our Site or Future Services to:

• Engage in any illegal activities or violations of applicable laws
• Trade stolen, fraudulent, or illegally obtained cryptocurrencies
• Manipulate markets or engage in wash trading
• Use the platform for money laundering or terrorist financing
• Circumvent or attempt to circumvent security measures
• Interfere with or disrupt the platform's functionality
• Create false or misleading trading profiles or reputations
• Engage in activities that violate securities laws or regulations
• Provide false information during verification processes
• Use automated trading systems without authorization
• Harass, threaten, or defraud other users
• Violate export control or sanctions laws

10. REGULATORY COMPLIANCE AND DISCLAIMERS

10.1 Regulatory Uncertainty

Cryptocurrency and peer-to-peer trading regulations are:

• Rapidly evolving and subject to change
• Different in various jurisdictions
• Often unclear or contradictory
• Subject to enforcement actions and penalties

We cannot guarantee compliance with all current and future regulations.

10.2 Securities Law Considerations

Some cryptocurrencies may be considered securities in certain jurisdictions. Users are responsible for:

• Determining the legal status of cryptocurrencies they trade
• Complying with applicable securities laws
• Obtaining necessary licenses or registrations
• Reporting transactions as required by law

10.3 Anti-Money Laundering (AML)

When Future Services launch, we may implement:

• Know Your Customer (KYC) verification procedures
• Transaction monitoring and reporting
• Suspicious activity reporting
• Compliance with applicable AML laws

10.4 Tax Obligations

Users are solely responsible for:

• Determining their tax obligations related to cryptocurrency trading
• Reporting transactions to tax authorities
• Paying applicable taxes on gains or income
• Maintaining records for tax purposes

We do not provide tax advice or reporting services.

11. DISCLAIMERS

11.1 "As Is" Basis

The Site and any Future Services are provided on an "as is" and "as available" basis without warranties of any kind, either express or implied.

11.2 No Service Warranties

We make no warranties that:

• The Site or platform will be uninterrupted or error-free
• Future Services will be launched as described
• Trading will be profitable or successful
• Security measures will prevent all attacks or breaches
• Regulatory compliance will be maintained
• Trading partners will be honest or reliable

11.3 Third-Party Services

We may integrate with third-party services including:

• Blockchain networks and protocols
• Cryptocurrency wallets and custody services
• Payment processors and banking services
• Security and compliance providers

We are not responsible for the performance, security, or reliability of these third-party services.

11.4 Market Information

Any market data, prices, or analytics provided:

• May be delayed, inaccurate, or incomplete
• Should not be relied upon for trading decisions
• Are provided for informational purposes only
• May differ from other sources or platforms

12. LIMITATION OF LIABILITY

12.1 Liability Cap

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BLOXZAP'S TOTAL LIABILITY ARISING OUT OF OR RELATING TO THESE TERMS OR YOUR USE OF THE SITE OR FUTURE SERVICES SHALL NOT EXCEED $100.

12.2 Excluded Damages

IN NO EVENT SHALL BLOXZAP BE LIABLE FOR:

• INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES
• LOSS OF PROFITS, DATA, OR USE
• BUSINESS INTERRUPTION
• ANY DAMAGES ARISING FROM CRYPTOCURRENCY TRADING OR INVESTMENT LOSSES
• FAILED TRANSACTIONS OR COUNTERPARTY DEFAULTS
• REGULATORY ACTIONS OR CHANGES IN LAW
• THEFT, HACKING, OR SECURITY BREACHES
• LOSS OF CRYPTOCURRENCY DUE TO USER ERROR OR NEGLIGENCE

12.3 Basis of Bargain

These limitations are a fundamental part of the basis of the bargain between you and BloxZap.

12.4 High-Risk Activity Acknowledgment

You acknowledge that peer-to-peer cryptocurrency trading is inherently high-risk and that these liability limitations reflect the experimental and uncertain nature of the technology and regulatory environment.

13. INDEMNIFICATION

You agree to indemnify, defend, and hold harmless BloxZap, its officers, directors, employees, and agents from any claims, damages, losses, or expenses arising from:

• Your use of the Site or Future Services
• Your trading activities or investment decisions
• Your violation of these Terms or applicable laws
• Any cryptocurrency transactions you conduct
• Any disputes with other users or trading partners
• Any regulatory violations or investigations
• Any misrepresentation of your identity or eligibility

14. PRIVACY AND DATA PROTECTION

14.1 Privacy Policy

Your privacy is important to us. Please review our Privacy Policy, which explains how we collect, use, and protect your information.

14.2 Trading Data

When Future Services launch, we may collect limited trading-related data for:

• Platform operation and security
• Regulatory compliance and reporting
• Dispute resolution and customer support
• Platform improvement and development

14.3 Compliance Data

We may be required to collect and share information with:

• Regulatory authorities and law enforcement
• Financial intelligence units for AML compliance
• Tax authorities for reporting purposes
• Legal counsel for dispute resolution

15. DISPUTE RESOLUTION BETWEEN USERS

15.1 User Disputes

Disputes between users regarding trades are primarily the responsibility of the involved parties. We may provide:

• Communication tools for dispute resolution
• Access to trading history and records
• Mediation services (at our discretion)
• Escrow release mechanisms

15.2 Limitation of Involvement

We are not obligated to:

• Resolve disputes between users
• Investigate trading disagreements
• Reverse completed transactions
• Provide legal advice or representation
• Enforce private agreements between users

15.3 Dispute Resolution Process

When available, our dispute resolution process may include:

• Initial communication between parties
• Voluntary mediation services
• Escrow hold and release procedures
• Reputation system adjustments
• Platform usage restrictions for problematic users

16. MODIFICATIONS

16.1 Right to Modify

We reserve the right to modify these Terms at any time. We will notify users of material changes by posting the updated Terms on our Site and updating the "Effective Date."

16.2 Continued Use

Your continued use of the Site after any modifications constitutes acceptance of the updated Terms.

17. TERMINATION

17.1 Our Right to Terminate

We may terminate or suspend your access to the Site or Future Services at any time, with or without cause, with or without notice, including for:

• Violation of these Terms
• Suspected fraudulent or illegal activity
• Regulatory compliance requirements
• Security concerns
• Platform abuse or manipulation

17.2 Effect of Termination

Upon termination:

• Your right to access the Site will cease immediately
• Any pending trades may be cancelled or completed at our discretion
• Escrowed funds will be handled according to our procedures
• Terms regarding disclaimers, limitation of liability, and indemnification will survive

17.3 Newsletter Cancellation

You may cancel your newsletter subscription at any time through the unsubscribe link in our emails.

18. GOVERNING LAW AND DISPUTE RESOLUTION

18.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law principles.

18.2 Jurisdiction

Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the state and federal courts located in Delaware.

18.3 Arbitration

For disputes involving amounts over $10,000, the parties agree to binding arbitration under the rules of the American Arbitration Association.

18.4 Limitation Period

Any claim or cause of action arising out of these Terms must be filed within one (1) year after such claim or cause of action arose, or it will be forever barred.

19. GENERAL PROVISIONS

19.1 Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and BloxZap.

19.2 Severability

If any provision of these Terms is found unenforceable, the remaining provisions will remain in full force and effect.

19.3 No Waiver

Our failure to enforce any right or provision in these Terms shall not constitute a waiver of such right or provision.

19.4 Assignment

You may not assign your rights under these Terms without our prior written consent. We may assign our rights without restriction.

19.5 Force Majeure

We shall not be liable for any delay or failure to perform due to circumstances beyond our reasonable control, including but not limited to regulatory changes, network attacks, or blockchain failures.

20. CONTACT INFORMATION

If you have questions about these Terms, please contact us at:

Email: [email protected]
Data Protection Officer: [email protected]