Terms of Service
Terms of Service
Article 1 (Purpose and Scope of Application)
These Terms of Service are intended to define the rights and obligations between the user and the service provider, Onchain Labs Co., Ltd. (hereinafter referred to as "the Company"), regarding all services (hereinafter referred to as "Services") provided by the Company. By using the Services, the user acknowledges that they are an adult with the legal capacity to engage in legal acts and are deemed to have fully understood and agreed to all items within these Terms of Service. If the user is not an adult with the legal capacity to use the Services or does not agree to these Terms of Service, they must cease any access to or use of the Services. All Services may be suspended or changed at any time depending on the blockchain network, technology, environment, and other general matters during service use, and the user agrees to this. When using the Services or directly connected services, the user is deemed to have agreed to the contents specified in this document.
Article 2 (Definition of Terms)
The definitions of the terms used in these Terms of Service are as follows:
"Services" refer to all services provided by the Company.
"Digital Asset Information Provision" refers to services that provide information about digital assets.
"User" refers to a person who uses these Services.
"Wallet" refers to a cryptocurrency wallet service for managing digital assets via the web, mobile, etc. The user has all rights to passwords, private keys, public keys, and other necessary information to manage, trade, and exchange digital assets, and the user manages them directly.
"Digital Assets" refer to cryptocurrencies, coins, and other digital assets derived from them, which apply blockchain technology.
"Cryptocurrency" refers to coins and tokens issued by applying blockchain technology.
"DeFi (Decentralized Finance) Services" refer to financial services implemented on a blockchain network without going through a centralized financial institution.
Article 3 (Services)
The Company provides various services that may include content for purchase, transaction, or exchange. All products, information, prices, and availability provided by the Services are subject to change at any time. Before using the Services, please carefully read the detailed terms of service. Appropriate methods and precautions for using the Services will be provided when the user uses the Services. Some services may require digital assets, and fees may be incurred for using the Services. If the user uses the Services or directly connected services, please note that the user agrees to the precautions and detailed terms of service provided by each service. Due to the nature of blockchain technology, digital assets used in transactions cannot be reversed in purchases where transactions have occurred. These Services allow digital asset holders to use decentralized financial services. The Company may provide services such as swaps, staking, pools, lending, etc., and the user can freely participate in the Services and expect rewards. When the user participates in the Company's services, the user agrees that the Company provides services using the user's digital assets. These Services are optional, and the user can refuse or terminate the Services at any time. Some services may offer rewards using digital assets, and if the user cancels a participating service, penalties specified in the service may apply. The Company does not guarantee the value fluctuations of digital assets in any case. Expected rewards in the Services may occur according to blockchain contracts and other rules. However, the Company does not guarantee that the user will receive a fixed rate of reward. The Company may change or discontinue the contents of these Services under certain conditions, such as establishing or revising the terms. The Company may provide specific details of the Services on a separate service page. The user agrees that the content of each Service may change depending on the blockchain network, technology, environment, etc., when using these Services. When using the Services or directly connected services, the user is deemed to have agreed to the contents specified in these Terms of Service. The tax treatment of digital asset transactions is uncertain, and it is the user's responsibility to determine any taxes (if any) that arise from such transactions. The user acknowledges that they are solely responsible for reporting and paying any taxes arising from the Company's services and related transactions and that the Company does not provide investment, legal, or tax advice regarding such participation choices. Before making investment decisions, including whether to participate in the Services and related transactions, the user should conduct their due diligence and consult with advisors. For more detailed information, please check the service page.
Article 4 (General Provisions)
Effectiveness and Amendment of the Terms of Service
The Company may amend these Terms of Service if deemed necessary within the scope not violating relevant laws and regulations. The amended Terms of Service will be notified or announced in advance through electronic means such as email addresses, electronic notifications within the Service, or pop-up messages. The user acknowledges and agrees that the Terms of Service and/or the Services may be modified or changed at any time at the Company's discretion. If the user does not agree with the amended Terms of Service, the user may terminate the contract by stopping the use of the Services at any time. If the user continues to use the Services after the Terms of Service have been amended, the user is deemed to have agreed to the changed, modified, or replaced items. The most recent revision date is indicated at the top of these Terms.
Article 5 (Obligations of the Parties to the Service Agreement)
User's Obligations
When using the Services, the user must not engage in the following acts:
Stealing, fraudulently using another user's account and password.
Posting obscene material in public places or services, or linking to obscene sites.
Infringing on the copyrights or other rights of the Company or third parties.
Causing malfunction, destruction, or confusion of facilities related to the Services.
Collecting, storing, or disclosing other users' personal information.
Distributing false information for the purpose of providing property benefits to oneself or others or harming others.
Transmitting or posting information (including computer programs) prohibited from transmission or posting by relevant laws.
Impersonating or falsely representing an employee or operator of the Company or related companies, or using someone else's name.
Engaging in other illegal acts or acts that interfere with the operation of the Services.
The user is responsible for managing and protecting all personal information (hereinafter referred to as "Generated Information") related to the transmission, swap, and other services of digital assets, including private keys, login accounts, login passwords, private key passwords, secret phrases, etc. This information must not be made available to third parties. If Generated Information is stolen, leaked, lost, or damaged, the Company cannot provide any assistance due to the decentralized nature of the Services. If the user loses authority over the Generated Information and does not store a backup separately, resulting in the loss of all digital assets that could be used, the user is fully responsible for the consequences, and the Company is not liable for this. Lost digital assets cannot be recovered.
Service Termination and Suspension
The user may terminate the service agreement by submitting a termination request at any time. When terminating the service agreement, the user's digital assets, rewards, and other services must be transferred to the user's designated wallet in advance. After the service is terminated, the Company's service-related information is deleted and cannot be restored. Once the service agreement is terminated, all remaining information will be deleted immediately, and rewards not withdrawn by the user will also be deleted without any prior notification or confirmation from the Company. The user cannot claim a refund, return, or other recovery of the service. If the Company terminates the service agreement due to a breach of these Terms, the user must pay compensation for damages incurred by the Company.
Protective Measures and Collateral Enforcement
In cases where a user is found to be engaging in abuse, manipulation, or behavior that materially harms the operation, reputation, or economic security of the Services, the Company reserves the right to take protective action, including but not limited to:
Freezing the user’s access to the Services;
Seizing or restricting access to any collateral or digital assets associated with the user's participation in the Services;
Liquidating such collateral or assets through smart contract mechanisms or administrative controls, whether partially or in full.
These measures may be taken without prior notice, when deemed necessary by the Company to protect the legitimate interests of other users, preserve the solvency of smart contracts, or maintain trust in the platform. The user acknowledges and agrees that any such actions may be executed at the sole discretion of the Company, consistent with its duty to uphold the security and integrity of the system.
The user further waives any claims against the Company arising from such actions, to the extent permitted by applicable law.
Article 6 (Indemnity and Limitation of Liability)
Indemnity
The user agrees to indemnify and hold the Company, its directors, employees, and affiliates harmless from and against any and all claims, liabilities, losses, and damages, including, but not limited to, reasonable legal fees, arising out of the user's breach of these Terms of Service or any other unlawful act.
Limitation of Liability
The Company shall not be liable for damages resulting from:
Force majeure events such as natural disasters, war, terrorism, or any other event beyond the control of the Company.
The user's negligence in managing personal information such as account and password.
Temporary service interruptions due to maintenance, replacement, or construction of service-related facilities.
Legal restrictions imposed by the country in which the user resides.
Damages caused by the user's failure to understand or use the Services.
The Company does not guarantee any specific rate of return or value of digital assets. The Company shall not be liable for the user's investment decisions based on the information provided by the Services. The Company does not guarantee the accuracy or completeness of any information, advice, or opinions provided through the Services.
Article 7 (Copyright and Intellectual Property Rights)
All content provided by the Company through the Services, including text, graphics, logos, images, and software, is the property of the Company or its content suppliers and is protected by intellectual property laws. The user may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, or sell any information, software, products, or services obtained from the Services without the prior written consent of the Company. The Company reserves all rights not expressly granted in these Terms of Service.
Article 8 (Governing Law and Jurisdiction)
These Terms of Service shall be governed by and construed in accordance with the laws of the Republic of Korea. Any disputes arising out of or in connection with these Terms of Service shall be subject to the exclusive jurisdiction of the courts of the Republic of Korea.
Article 9 (Miscellaneous Provisions)
If any provision of these Terms of Service is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to render it valid and enforceable, and the remaining provisions shall remain in full force and effect. The user's rights and obligations under these Terms of Service are not assignable or transferable, in whole or in part, to any third party without the prior written consent of the Company. The Company may assign or transfer its rights and obligations under these Terms of Service to a third party without the user's consent.
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