Terms of Use for Aqua Protocol
Introduction
Aqua Protocol is a decentralized finance (DeFi) project that provides a stablecoin solution for the TON ecosystem. We offer AquaUSD, an over-collateralized LSD-backed stablecoin that is algorithmically pegged to the value of the US dollar. These Terms of Use (the "Terms") govern your use of, and access to Aqua Protocol's services, application programming interfaces, and source code (collectively with any materials and services available therein, and successor website(s) or application(s) thereto, the "Site": https://aquaprotocol.xyz/), and your use of the Site and access to any and all functionality provided through or facilitated by the Site.
By accepting these Terms, you or the company or other legal entity you represent ("you", "your" or "user") become binding by these Terms of Use and agree to comply with them. If you do not agree to be bound by these Terms, then you must not access the Site or use any of its functionality.
Aqua Protocol is not a financial organization or a bank and is currently not under the supervision of any monetary supervisory authority. Therefore, your deposited crypto assets are not protected by any public authorities, including but not limited, to state insurance corporations or agencies.
Aqua Protocol is not licensed by any regulatory agency or authority. All transactions between users of our software are executed P2P directly between the users' TON addresses through a smart contract.
The Terms may be updated from time to time at Aqua Protocol's sole discretion. Changes will be effective no sooner than the day they are publicly posted. If you do not agree with the updated version of the Terms, you must quit the Site and do not use any of its functionality.
Eligibility
As a condition to accessing or using the Site or Aqua Protocol’s functionality, you represent and warrant that:
(a) such legal entity is duly organized and validly exists under the applicable laws of the jurisdiction of its organization; (b) you are duly authorized by such legal entity to act on its behalf; (c) any beneficial owner of the legal entity, director, employee, services provider or any other individual in any way connected with your company has not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC).
FEES
You understand that in connection with your use of Aqua Protocol’s functionality, you may be required to pay certain protocol fees (like, the TON blockchain fees). We will notify you about fees through the interface. Without paying these fees, you cannot use Aqua Protocol’s functionality.
NO PROFESSIONAL ADVICE
All information provided on the Site does not constitute investment advice, financial advice, or trading advice. Do conduct your own research and due diligence and consult your financial advisor before making any investment decisions.
WARRANTIES AND REPRESENTATIONS
You understand and agree that you, accessing and using must not engage, including but not limited, in:
• Violation of any applicable laws, like anti-money laundering and anti-terrorist financing laws and sanctions programs;
• Transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy, or any other proprietary right under applicable law;
• Using of Aqua Protocol’s intellectual property, name, or logo, without express consent from the Aqua Protocol team;
• Performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your use of Aqua Protocol’s functionality;
• Engaging in improper or abusive trading practices;
• Gaining unauthorized access to Aqua Protocol’s functionality or another user’s orders or user address;
• Attempting to bypass or circumvent any security features;
• Violating any law, statute, ordinance, regulation, or these Terms;
• Engaging in any activity that is abusive or interferes with or disrupts our software and services;
• Impersonating another user of the services or otherwise misrepresent yourself.
You agree and understand that you are always responsible for your own conduct, acts, and omissions. Aqua Protocol is not liable for any losses that users may suffer due to making transactions or making other actions (or inactions) through or with the help of Aqua Protocol’s functionality. You agree to indemnify and hold harmless Aqua Protocol and any of its affiliated persons against all suits, claims, costs, losses, and damages.
You are responsible for complying with applicable laws that govern your use of Aqua Protocol’s functionality.
You understand that Aqua Protocol is not registered or licensed by any regulatory agency or authority. No regulatory agency or authority has reviewed or approved the use of the Aqua Protocol team-developed software.
Aqua Protocol does not own or control the underlying software protocols that are used in connection with margin positions or derivatives or swap contracts or any further functionality provides. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. Aqua Protocol is not responsible for the operation of the underlying protocols, and Aqua Protocol does not guarantee their functionality, security, or availability.
INTELLECTUAL PROPERTY
We grant you limited, non-exclusive, non-transferable revocable permission to make use of Aqua Protocol’s functionality. This access shall remain in effect until and unless terminated by you or by us.
You agree not to copy, modify, rent, lease, loan, sell, distribute, perform, display, or create derivative works based on the Aqua Protocol software, in whole or in part. The Aqua Protocol software is not in any way sold or transferred to you.
You are solely responsible for all your user content, if any. You represent and warrant that you have all rights that are necessary to grant us the license rights of your user content under these Terms.
COMMUNICATION
Unless the contrary is specifically provided in these Terms, any notice, instruction, request or other communication to be given to us by the user under these Terms shall be in writing and shall be sent to the email address below (or to any other address which we may from time to time specify to the user for this purpose) and shall be deemed delivered only when actually received by Aqua Protocol’s support team at: julia@aquaprotocol.xyz
Any communications sent to the user (documents, notices, confirmations, statements, etc.) are confidential in all cases. You must not disclose any details to third parties about your communication with the support team.
Limitation of Liability
You acknowledge and agree that any information you send or receive during your use of the platform’s functionality may not be secure and may be intercepted or later acquired by unauthorized parties. You acknowledge and agree that your use is at your own risk.
Recognizing such, you understand and agree that, to the fullest extent permitted by applicable law, neither the platform nor its affiliated persons or representatives will be liable to you for any direct, indirect, incidental, special, consequential, punitive, exemplary or other damages of any kind, including without limitation damages for loss of profits, goodwill, use, data or other tangible or intangible losses or any other damages based on contract, tort, strict liability or any other ground, resulting from the service; the use or the inability to use software and services; unauthorized access to or alteration of your transmissions or data; statements or conduct of any third party on the software and services; human errors; technical malfunctions; failures, including public utility or internet outages; omissions, interruptions, latency, deletions or defects of any device or network, providers, or software; any injury or damage to computer equipment; inability to fully access the software and services or use the software and services; theft, tampering, destruction, or unauthorized access to, images or other content of any kind; data that is processed late or incorrectly or is incomplete or lost; typing, printing or other errors, or any combination thereof; or any other matter relating to the software and services.
The access to functionality is provided on an “AS IS” and “as available” basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose or non-infringement.
Indemnity
You agree to release and to indemnify, defend and hold harmless the platform and its affiliates, subsidiaries, affiliates and agencies, as well as the officers, directors, employees, shareholders and representatives of any of the foregoing entities, from and against any and all losses, liabilities, expenses, damages, costs (including attorneys’ fees and court costs) claims or actions of any kind whatsoever arising or resulting from your use of the platform functionality, your violation of these Terms of Use, and any of your acts or omissions that implicate publicity rights, defamation or invasion of privacy.
Termination
The functionality of the platform may be changed from time to time and with or without prior notice to you, modified, suspended or become disabled (temporarily or permanently), in whole or in part, for any reason whatsoever. Upon termination of your access, your right to use the platform’s functionality will immediately cease. The platform and its affiliates, subsidiaries, affiliates and agencies, as well as the officers, directors, employees, shareholders and representatives of any of the foregoing entities will not be liable for any losses suffered by you resulting from such modification, suspension, or termination, for any reasons.
RISKS
The operation of Aqua Protocol is linked with the inherent risks associated with cryptographic systems and blockchain-based networks (including, without limitation, sudden changes in operating rules, such as those commonly referred to as “forks,” and advances in code cracking or other technical advancements, such as the development of quantum computers, which may materially affect the work; digital assets; smart contract-based tokens; and systems that interact with blockchain-based networks. Aqua Protocol team does not own or control any of the underlying software through which blockchain networks are formed.
Although we intend to provide accurate and timely information on the Site and during your use of all functionality and other information available. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any information distributed via the Site or otherwise when using the Aqua Protocol functionality.
Transactions entered in connection with the Aqua Protocol functionality are irreversible and final and there are no refunds.
Aqua Protocol interface may contain links to websites or services owned or operated by parties other than the Aqua Protocol team (including, but not limited to, third-party crypto gateway services). Such links are provided for your reference only.
Aqua Protocol interface allows a user to create a transaction. The user must independently verify the generated transaction and the address. All data displayed on the Aqua Protocol interface may contain errors. Aqua Protocol and any of its affiliated persons are not responsible for such errors.
You understand that blockchain technologies including TON blockchain technology and other associated and related technologies, are new and untested and outside of your and our control. It may cause the nonperformance, including temporary interruption or permanent termination of your access, forks, rollbacks or bugs causing loss of your crypto-assets. You represent that you understand the inherent risks associated with blockchain systems and warrant that you understand the usage and intricacies of blockchain-based software systems and crypto tokens.
You understand that crypto-assets and other blockchain technologies and associated currencies or tokens are highly volatile due to many factors, including but not limited to adoption, speculation, regulatory changes, technology, and security risks. Prices are created by supply and demand. Aqua Protocol cannot influence on prices. Forks and changes in the relevant network may result in significant and sudden changes to the value and/or usability of your crypto assets.
Users are responsible for the safety of their tokens.
USERS UNDERSTAND AND ACCEPT THAT THEY DEAL ONLY WITH SYNTHETIC ASSETS, INCLUDING AQUAUSD. THE ASSETS WITH WHICH THE USER CONDUCTS TRANSACTIONS ARE NOT SECURITIES OR ASSETS SECURED BY REAL GOODS AND FINANCIAL RESERVES. THE ACQUISITION OF SYNTHETIC ASSETS, SUCH AS AQUAUSD, DOES NOT GIVE OWNERSHIP OF THE UNDERLYING ASSET AND DOES NOT GUARANTEE ITS FUTURE SUPPLY. THE PRICES OF SYNTHETIC ASSETS MAY DIFFER FROM THE PRICE OF REAL ASSETS.
The market for crypto assets is highly unstable. Prices for crypto assets can and do fluctuate at any given moment for any reason. Due to such price fluctuations, you may gain or lose value in your crypto assets at any given moment. Any asset may be subject to large swings in value and may even become worthless. You should have deep expertise in handling crypto assets. Moreover, you shall bear any loss. The risk of loss in holding crypto assets can be substantial. Therefore, you should carefully consider whether holding crypto assets is suitable for you in light of your financial condition. Internet transmission and failures in functionality.
The return of staked tokens and the income received is carried out in accordance with the smart contract algorithm. If third parties find and use the vulnerability of a smart contract or the TON blockchain to withdraw funds, Aqua Protocol and any of its affiliated persons do not bear responsibility.
The liquidity provider is not guaranteed income. The liquidity provider accepts the risks of possible loss of part of the invested funds.
Tokens are not shares or any other kind of securities. Acquiring tokens does not mean getting dividends.
The user generates a report on income from the purchase/sale of tokens, staking, and placement of funds in the liquidity pool for the tax service of his/her country on his/her own.
You acknowledge that there are risks inherent in internet connectivity and technologies that could result in the loss of your privacy, confidential information and property. Unfavorable regulatory environment. Cryptocurrencies and blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions of use of crypto assets.
Risk of Liquidation: When you use Aqua Protocol, you are subject to the risk of liquidation. If the value of your collateral falls below a certain threshold, your position may be liquidated. In a liquidation event, your collateral is sold to repay your debt. This could result in you losing all or a portion of your collateral. It is your responsibility to monitor your collateral ratio and ensure it stays above the required minimum.
Force Majeure
A Force Majeure Event includes without limitation each of the following:
GOVERNING LAW
As a Decentralized Autonomous Organization (DAO), Aqua Protocol operates globally and is not tied to any specific jurisdiction. However, users are required to comply with the laws and regulations of their respective jurisdictions while interacting with the protocol.
In the event of any dispute, controversy, or claim arising out of or in relation to these Terms, including the validity, invalidity, breach, or termination thereof, users are encouraged to resolve the issue through open dialogue and negotiation within the community.
These Terms shall be interpreted and applied without reference to the laws of any specific jurisdiction. In the event of a conflict between these Terms and the additional terms, rules, and conditions of participation, the latter will prevail over the Terms to the extent of the conflict.
Document updated on 14.07.2023
Aqua Protocol is a decentralized finance (DeFi) project that provides a stablecoin solution for the TON ecosystem. We offer AquaUSD, an over-collateralized LSD-backed stablecoin that is algorithmically pegged to the value of the US dollar. These Terms of Use (the "Terms") govern your use of, and access to Aqua Protocol's services, application programming interfaces, and source code (collectively with any materials and services available therein, and successor website(s) or application(s) thereto, the "Site": https://aquaprotocol.xyz/), and your use of the Site and access to any and all functionality provided through or facilitated by the Site.
By accepting these Terms, you or the company or other legal entity you represent ("you", "your" or "user") become binding by these Terms of Use and agree to comply with them. If you do not agree to be bound by these Terms, then you must not access the Site or use any of its functionality.
Aqua Protocol is not a financial organization or a bank and is currently not under the supervision of any monetary supervisory authority. Therefore, your deposited crypto assets are not protected by any public authorities, including but not limited, to state insurance corporations or agencies.
Aqua Protocol is not licensed by any regulatory agency or authority. All transactions between users of our software are executed P2P directly between the users' TON addresses through a smart contract.
The Terms may be updated from time to time at Aqua Protocol's sole discretion. Changes will be effective no sooner than the day they are publicly posted. If you do not agree with the updated version of the Terms, you must quit the Site and do not use any of its functionality.
Eligibility
As a condition to accessing or using the Site or Aqua Protocol’s functionality, you represent and warrant that:
- You are at least eighteen years old and you comply with the laws and regulations of your country of residence;
- You are of legal age to accept these Terms according to your residence country legislation;
- You are not a US resident;
- You are not a resident, national, or agent of any country to which the United States, the United Kingdom or the European Union embargoes goods or imposes similar sanctions;
- You do not intend to transact with any Restricted Person or Sanctions List Person;
- You do not, and will not use VPN software or any other privacy or anonymization tools or techniques, or other means, to circumvent, or attempt to circumvent, any restrictions that apply to the Site.
(a) such legal entity is duly organized and validly exists under the applicable laws of the jurisdiction of its organization; (b) you are duly authorized by such legal entity to act on its behalf; (c) any beneficial owner of the legal entity, director, employee, services provider or any other individual in any way connected with your company has not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC).
FEES
You understand that in connection with your use of Aqua Protocol’s functionality, you may be required to pay certain protocol fees (like, the TON blockchain fees). We will notify you about fees through the interface. Without paying these fees, you cannot use Aqua Protocol’s functionality.
NO PROFESSIONAL ADVICE
All information provided on the Site does not constitute investment advice, financial advice, or trading advice. Do conduct your own research and due diligence and consult your financial advisor before making any investment decisions.
WARRANTIES AND REPRESENTATIONS
You understand and agree that you, accessing and using must not engage, including but not limited, in:
• Violation of any applicable laws, like anti-money laundering and anti-terrorist financing laws and sanctions programs;
• Transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy, or any other proprietary right under applicable law;
• Using of Aqua Protocol’s intellectual property, name, or logo, without express consent from the Aqua Protocol team;
• Performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your use of Aqua Protocol’s functionality;
• Engaging in improper or abusive trading practices;
• Gaining unauthorized access to Aqua Protocol’s functionality or another user’s orders or user address;
• Attempting to bypass or circumvent any security features;
• Violating any law, statute, ordinance, regulation, or these Terms;
• Engaging in any activity that is abusive or interferes with or disrupts our software and services;
• Impersonating another user of the services or otherwise misrepresent yourself.
You agree and understand that you are always responsible for your own conduct, acts, and omissions. Aqua Protocol is not liable for any losses that users may suffer due to making transactions or making other actions (or inactions) through or with the help of Aqua Protocol’s functionality. You agree to indemnify and hold harmless Aqua Protocol and any of its affiliated persons against all suits, claims, costs, losses, and damages.
You are responsible for complying with applicable laws that govern your use of Aqua Protocol’s functionality.
You understand that Aqua Protocol is not registered or licensed by any regulatory agency or authority. No regulatory agency or authority has reviewed or approved the use of the Aqua Protocol team-developed software.
Aqua Protocol does not own or control the underlying software protocols that are used in connection with margin positions or derivatives or swap contracts or any further functionality provides. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. Aqua Protocol is not responsible for the operation of the underlying protocols, and Aqua Protocol does not guarantee their functionality, security, or availability.
INTELLECTUAL PROPERTY
We grant you limited, non-exclusive, non-transferable revocable permission to make use of Aqua Protocol’s functionality. This access shall remain in effect until and unless terminated by you or by us.
You agree not to copy, modify, rent, lease, loan, sell, distribute, perform, display, or create derivative works based on the Aqua Protocol software, in whole or in part. The Aqua Protocol software is not in any way sold or transferred to you.
You are solely responsible for all your user content, if any. You represent and warrant that you have all rights that are necessary to grant us the license rights of your user content under these Terms.
COMMUNICATION
Unless the contrary is specifically provided in these Terms, any notice, instruction, request or other communication to be given to us by the user under these Terms shall be in writing and shall be sent to the email address below (or to any other address which we may from time to time specify to the user for this purpose) and shall be deemed delivered only when actually received by Aqua Protocol’s support team at: julia@aquaprotocol.xyz
Any communications sent to the user (documents, notices, confirmations, statements, etc.) are confidential in all cases. You must not disclose any details to third parties about your communication with the support team.
Limitation of Liability
You acknowledge and agree that any information you send or receive during your use of the platform’s functionality may not be secure and may be intercepted or later acquired by unauthorized parties. You acknowledge and agree that your use is at your own risk.
Recognizing such, you understand and agree that, to the fullest extent permitted by applicable law, neither the platform nor its affiliated persons or representatives will be liable to you for any direct, indirect, incidental, special, consequential, punitive, exemplary or other damages of any kind, including without limitation damages for loss of profits, goodwill, use, data or other tangible or intangible losses or any other damages based on contract, tort, strict liability or any other ground, resulting from the service; the use or the inability to use software and services; unauthorized access to or alteration of your transmissions or data; statements or conduct of any third party on the software and services; human errors; technical malfunctions; failures, including public utility or internet outages; omissions, interruptions, latency, deletions or defects of any device or network, providers, or software; any injury or damage to computer equipment; inability to fully access the software and services or use the software and services; theft, tampering, destruction, or unauthorized access to, images or other content of any kind; data that is processed late or incorrectly or is incomplete or lost; typing, printing or other errors, or any combination thereof; or any other matter relating to the software and services.
The access to functionality is provided on an “AS IS” and “as available” basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose or non-infringement.
Indemnity
You agree to release and to indemnify, defend and hold harmless the platform and its affiliates, subsidiaries, affiliates and agencies, as well as the officers, directors, employees, shareholders and representatives of any of the foregoing entities, from and against any and all losses, liabilities, expenses, damages, costs (including attorneys’ fees and court costs) claims or actions of any kind whatsoever arising or resulting from your use of the platform functionality, your violation of these Terms of Use, and any of your acts or omissions that implicate publicity rights, defamation or invasion of privacy.
Termination
The functionality of the platform may be changed from time to time and with or without prior notice to you, modified, suspended or become disabled (temporarily or permanently), in whole or in part, for any reason whatsoever. Upon termination of your access, your right to use the platform’s functionality will immediately cease. The platform and its affiliates, subsidiaries, affiliates and agencies, as well as the officers, directors, employees, shareholders and representatives of any of the foregoing entities will not be liable for any losses suffered by you resulting from such modification, suspension, or termination, for any reasons.
RISKS
The operation of Aqua Protocol is linked with the inherent risks associated with cryptographic systems and blockchain-based networks (including, without limitation, sudden changes in operating rules, such as those commonly referred to as “forks,” and advances in code cracking or other technical advancements, such as the development of quantum computers, which may materially affect the work; digital assets; smart contract-based tokens; and systems that interact with blockchain-based networks. Aqua Protocol team does not own or control any of the underlying software through which blockchain networks are formed.
Although we intend to provide accurate and timely information on the Site and during your use of all functionality and other information available. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any information distributed via the Site or otherwise when using the Aqua Protocol functionality.
Transactions entered in connection with the Aqua Protocol functionality are irreversible and final and there are no refunds.
Aqua Protocol interface may contain links to websites or services owned or operated by parties other than the Aqua Protocol team (including, but not limited to, third-party crypto gateway services). Such links are provided for your reference only.
Aqua Protocol interface allows a user to create a transaction. The user must independently verify the generated transaction and the address. All data displayed on the Aqua Protocol interface may contain errors. Aqua Protocol and any of its affiliated persons are not responsible for such errors.
You understand that blockchain technologies including TON blockchain technology and other associated and related technologies, are new and untested and outside of your and our control. It may cause the nonperformance, including temporary interruption or permanent termination of your access, forks, rollbacks or bugs causing loss of your crypto-assets. You represent that you understand the inherent risks associated with blockchain systems and warrant that you understand the usage and intricacies of blockchain-based software systems and crypto tokens.
You understand that crypto-assets and other blockchain technologies and associated currencies or tokens are highly volatile due to many factors, including but not limited to adoption, speculation, regulatory changes, technology, and security risks. Prices are created by supply and demand. Aqua Protocol cannot influence on prices. Forks and changes in the relevant network may result in significant and sudden changes to the value and/or usability of your crypto assets.
Users are responsible for the safety of their tokens.
USERS UNDERSTAND AND ACCEPT THAT THEY DEAL ONLY WITH SYNTHETIC ASSETS, INCLUDING AQUAUSD. THE ASSETS WITH WHICH THE USER CONDUCTS TRANSACTIONS ARE NOT SECURITIES OR ASSETS SECURED BY REAL GOODS AND FINANCIAL RESERVES. THE ACQUISITION OF SYNTHETIC ASSETS, SUCH AS AQUAUSD, DOES NOT GIVE OWNERSHIP OF THE UNDERLYING ASSET AND DOES NOT GUARANTEE ITS FUTURE SUPPLY. THE PRICES OF SYNTHETIC ASSETS MAY DIFFER FROM THE PRICE OF REAL ASSETS.
The market for crypto assets is highly unstable. Prices for crypto assets can and do fluctuate at any given moment for any reason. Due to such price fluctuations, you may gain or lose value in your crypto assets at any given moment. Any asset may be subject to large swings in value and may even become worthless. You should have deep expertise in handling crypto assets. Moreover, you shall bear any loss. The risk of loss in holding crypto assets can be substantial. Therefore, you should carefully consider whether holding crypto assets is suitable for you in light of your financial condition. Internet transmission and failures in functionality.
The return of staked tokens and the income received is carried out in accordance with the smart contract algorithm. If third parties find and use the vulnerability of a smart contract or the TON blockchain to withdraw funds, Aqua Protocol and any of its affiliated persons do not bear responsibility.
The liquidity provider is not guaranteed income. The liquidity provider accepts the risks of possible loss of part of the invested funds.
Tokens are not shares or any other kind of securities. Acquiring tokens does not mean getting dividends.
The user generates a report on income from the purchase/sale of tokens, staking, and placement of funds in the liquidity pool for the tax service of his/her country on his/her own.
You acknowledge that there are risks inherent in internet connectivity and technologies that could result in the loss of your privacy, confidential information and property. Unfavorable regulatory environment. Cryptocurrencies and blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions of use of crypto assets.
Risk of Liquidation: When you use Aqua Protocol, you are subject to the risk of liquidation. If the value of your collateral falls below a certain threshold, your position may be liquidated. In a liquidation event, your collateral is sold to repay your debt. This could result in you losing all or a portion of your collateral. It is your responsibility to monitor your collateral ratio and ensure it stays above the required minimum.
Force Majeure
A Force Majeure Event includes without limitation each of the following:
- Government actions, the outbreak of war or hostilities, the threat of war, acts of terrorism, national emergency, riot, civil disturbance, sabotage, requisition, or any other international calamity, economic or political crisis;
- Act of God, earthquake, tsunami, hurricane, typhoon, accident, storm, flood, fire, epidemic, pandemic or other natural disasters;
- Labour disputes and lock-out;
- Breakdown, failure or malfunction of any electronic, network and communication lines (not due to our fault);
- Any event, act, or circumstances not reasonably within our control and the effect of that event(s) is such that Aqua Protocol is not in a position to take any reasonable action to cure the default.
GOVERNING LAW
As a Decentralized Autonomous Organization (DAO), Aqua Protocol operates globally and is not tied to any specific jurisdiction. However, users are required to comply with the laws and regulations of their respective jurisdictions while interacting with the protocol.
In the event of any dispute, controversy, or claim arising out of or in relation to these Terms, including the validity, invalidity, breach, or termination thereof, users are encouraged to resolve the issue through open dialogue and negotiation within the community.
These Terms shall be interpreted and applied without reference to the laws of any specific jurisdiction. In the event of a conflict between these Terms and the additional terms, rules, and conditions of participation, the latter will prevail over the Terms to the extent of the conflict.
Document updated on 14.07.2023