Terms of Use
Last updated: 18 Sep 2025
Please review these Terms of Use of Bedrock (the “Terms”) carefully, as they set forth legally binding terms and conditions between you and the Company that govern your access and/or use of: (a) the website located at https://www.bedrock.technology/ (the “Website”); and (b) the Bedrock Smart Contracts (as defined below), including related trademarks and other intellectual property, whether such access and/or use is via: (i) the Website (“Website Access”); or (ii) command line, locally installed programs, software development kits, software code and blockchain and smart contract explorers (collectively “Direct Access”).
For purposes of these Terms, the Website and the Bedrock Smart Contracts (as defined below) shall be collectively referred to as “Bedrock”.
By accessing and/or using Bedrock, you (“you” or the “User”) agree to these Terms on behalf of yourself and any entity you represent, and you represent and warrant that you have the right and authority to do so.
Bedrock (which includes the Website and the Bedrock Smart Contracts (as defined below)) are not intended for: (a) access and/or use by Excluded Persons (as defined below); or (b) access and/or use by any person or entity in, or accessing or using the Website from, an Excluded Jurisdiction.
Accordingly, Excluded Persons (as defined below) should not access and/or use Bedrock (which includes the Website and the Bedrock Smart Contracts (as defined below)).
The Website is owned and operated by Golden Bull Enterprises Limited (“Company”), an entity formed under the laws of the British Virgin Islands, and the Bedrock Smart Contracts (as defined below) are copyrighted works belonging to the Company and/or its Affiliate(s) (each of User and Company, a “Party”, and collectively, the “Parties”).
You acknowledge that you will be deemed to have accepted these Terms by accessing and/or using Bedrock – whether by Website Access or Direct Access.
1 Overview of Bedrock
1.1 Bedrock has been developed by Company to enable Users to undertake any one or more of the following (“Bedrock Activities”):
(a) access products and services developed as part of the Bedrock ecosystem and information relating thereto via the Website;
(b) effect Liquid Restaking (as defined below) of such digital assets as may be supported by Bedrock from time to time (collectively, “Bedrock Liquid Restaking Supported Tokens” and each, “Bedrock Liquid Restaking Supported Token”) in accordance with the procedures further described at Section 2.1 below;
(c) effect Bridging (as defined below) of such digital assets as may be supported by Bedrock from time to time (collectively, “Bedrock Bridging Supported Tokens” and each, “Bedrock Bridging Supported Token”) in accordance with the procedures further described at Section Error! Reference source not found. below;
(d) effect Vaulting (as defined below) of such digital assets as may be supported by Bedrock from time to time (collectively, “Bedrock Vaulting Supported Tokens” and each, “Bedrock Vaulting Supported Token”) in accordance with the procedures further described at Section 2.3 below; and
(e) participate in such initiatives (including but not limited to marketing campaigns, loyalty programs and referral programs) as may be organised by Company and/or its Affiliates from time to time in accordance with the terms and conditions for such initiatives set out in the Bedrock Documentation.
1.2 Bedrock enables Users to undertake Bedrock Activities through the use of smart contracts comprising computer code written based on various blockchain standards and programming languages (collectively, “Bedrock Smart Contracts”), developed by Company and/or its Affiliate(s) (as defined below).
1.3 For purposes of these Terms:
(a) “Affiliates” of an entity means the owners, directors, officers, employees, advisors, agents of such entity and companies in which such entity has an interest;
(b) “Bedrock Documentation” means the document repository in relation to Bedrock accessible at https://docs.bedrock.technology/;
(c) “Bedrock Supported Chains” means third-party blockchain networks supported by Bedrock which are not within the control of Company;
(d) “Bridging” in relation to a Bedrock Bridging Supported Token that a User intends to bridge from a Bedrock Supported Chain (“Source Chain”) to another Bedrock Supported Chain (“Destination Chain”) selected by such User, means:
(i) the deposit of Bedrock Bridging Supported Token on the Source Chain (“Source Chain Bedrock Bridging Supported Token”) by such User from a Compatible Wallet designated by such User into smart contract address(es) (being part of Third-Party Smart Contracts) designated by Third-Party Integrated Applications for the deposit of Source Chain Bedrock Bridging Supported Token in connection with Bridging;
(ii) the minting by Third-Party Smart Contract(s) of Bedrock Bridging Supported Token on the Destination Chain (“Destination Chain Bedrock Bridging Supported Token”), at a ratio of 1 Source Chain Bedrock Bridging Supported Token : 1 Destination Chain Bedrock Bridging Supported Token; and
(iii) the deposit by Third-Party Smart Contract(s) of Destination Chain Bedrock Bridging Supported Token to the same Compatible Wallet designated by such User to initiate such Bridging;
(e) “Liquid Restaking” in relation to a Bedrock Liquid Restaking Supported Token selected by a User, means:
(i) the deposit of Bedrock Liquid Restaking Supported Token from a Compatible Wallet designated by such User into smart contract address(es) (being part of the Bedrock Smart Contracts) designated by Bedrock for the deposit of Bedrock Liquid Restaking Supported Token in connection with Liquid Restaking;
(ii) the minting by Bedrock Smart Contracts(s) of a fungible cryptographic token (“Liquid Restaking Token”) in such asset-type corresponding to the asset-type of Bedrock Liquid Restaking Supported Token, at a ratio of the exchange ratio for Liquid Restaking Token to Bedrock Liquid Restaking Supported Token at the prevailing time; and
(iii) at the election of such User, the deposit by Bedrock Smart Contract(s) of Liquid Restaking Token to the same Compatible Wallet designated by such User to initiate such Liquid Restaking;
(f) “Third-Party Integrated Applications” means third-party applications and/or interfaces which are not within the control of Company and its Affiliates and are integrated to the Website;
(g) “Third-Party Smart Contracts” means smart contracts comprising computer code written based on various blockchain standards and programming languages, developed by Third- Party Integrated Applications; and
(h) “Vaulting” in relation to a Bedrock Vaulting Supported Token selected by a User, means the deposit of Bedrock Vaulting Supported Token from a Compatible Wallet designated by such User into Third-Party Smart Contract(s) known as “Vault(s)” designated by Third- Party Integrated Applications for the deposit of Bedrock Vaulting Supported Token in connection with Vaulting in order to obtain potential rewards (“Vaulting Rewards”)
1.4 Website Access.
(a) The Website is a user interface designed by Company to facilitate use of the Bedrock Smart Contracts to undertake Bedrock Activities and/or Bedrock Transactions by providing a user- friendly interface to access and/or use the Bedrock Smart Contracts although the Bedrock Smart Contracts are also accessible and/or can be used via Direct Access.
(b) The Website may from time to time aggregate and publish information that is publicly available, which may include (but are not limited to) the following:
(i) the amount of Bedrock Liquid Restaking Supported Tokens that have been subject of Liquid Restaking;
(ii) the exchange ratio for Liquid Restaking Tokens to Bedrock Liquid Restaking Supported Tokens; and
(iii) historical data relating to Liquid Restaking.
(c) Company may modify or discontinue support for the Website at any time, in its sole discretion.
1.5 Direct Access. With the necessary technical expertise, it is possible for a User to generate transaction messages to interact with the Bedrock Smart Contracts via Direct Access directly without use of the Website. Company is not involved in and has no oversight of any Direct Access and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility for any loss occasioned to a User by or attributable to Direct Access.
1.6 Connecting a Compatible Wallet.
(a) In order to undertake a Bedrock Activity and/or Bedrock Transaction via the Website or Direct Access, a User must first connect a Bedrock Supported Chain-compatible wallet address (“Compatible Wallet”) for which such User controls the associated private key to the Bedrock Smart Contracts. Such User’s relationship with the third-party provider of such Compatible Wallet shall be governed by the terms of service applicable to the use of such
Compatible Wallet, as may be imposed by such third-party provider of such Compatible Wallet from time to time.
(b) Company and its Affiliates do not have custody or control over any Compatible Wallet which a User connects to the Bedrock Smart Contracts, the private keys associated with any such Compatible Wallet and/or the assets such User holds using any such Compatible Wallet, and have no ability to retrieve or transfer any such assets. Notwithstanding any connection by User of any Compatible Wallet to the Bedrock Smart Contracts, User acknowledges and agrees that the connection of such Compatible Wallet to the Bedrock Smart Contracts does not imply or otherwise suggest any endorsement or recommendation of any such Compatible Wallet by or on behalf of Company and/or its Affiliates. User assumes all responsibility for selecting and evaluating, and shall bear all risks of any bugs, defects, malfunctions or interruptions of, any Compatible Wallet User directly or indirectly uses in connection with Bedrock (which includes the Website and the Bedrock Smart Contracts).
(c) The Website displays and allows a User to read data associated with any Compatible Wallet which a User connects to the Bedrock Smart Contracts, and to generate standardised transaction messages which can be used by such Compatible Wallet in order to undertake a Bedrock Activity and/or Bedrock Transaction.
1.7 Bedrock Smart Contracts.
(a) Company has developed and deployed (“Deployment”) the Bedrock Smart Contracts.
(b) All Bedrock Activities and/or Bedrock Transactions carried out by a User using the Bedrock Smart Contracts are effected and recorded solely through the interactions of such User with the respective validators of the Bedrock Supported Chain on which such Bedrock Activities and/or Bedrock Transactions are conducted, whom are not under the control of or affiliated with the Company and/or its Affiliates.
(c) Neither the Company nor its Affiliates is capable of interacting with the Bedrock Smart Contracts to undertake any Bedrock Activity and/or Bedrock Transaction (whether directly or indirectly) on your behalf.
1.8 Transaction Fees.
(a) A transaction fee (“Transaction Fee”) shall be chargeable to a User for each Bedrock- related transaction (“Bedrock Transaction”) initiated through the Bedrock Smart Contracts. Such Transaction Fees are separate and distinct from any other amount(s) payable in the execution of specific transactions via the Bedrock Smart Contracts, if any, and may include (but are not limited to) fees applicable to Liquid Restaking, including deposit fees at the time of effecting Liquid Restaking and withdrawal fees at the time of Unstaking (as defined below).
(b) The Transaction Fee for a specific Bedrock Transaction will be displayed to Users of the Website during the initiation of such Bedrock Transaction and must be accepted by a User before executing such Bedrock Transaction.
(c) A User hereby consents to such fees being debited from such User’s Compatible Wallet that such User connects to the Bedrock Smart Contracts for purposes of effecting a Bedrock Transaction, at the time such Bedrock Transaction is processed. Similar Transaction Fees may also be levied on Users accessing and using the Bedrock Smart Contracts via Direct Access.
Such Transaction Fees may be subject to change via variations to the conditions of the
Bedrock Supported Chains which are not within the control of Company. 1.9 Licence.
(a) You acknowledge and agree that the Website, the Bedrock Smart Contracts and all intellectual property rights associated thereto (including but not limited to all information, software, text, displays, images, video and audio, design, selection and arrangement thereof), are wholly owned by the Company and/or its Affiliates, its licensors or other providers of such material in accordance with applicable copyright, trademark, patent, designs and other intellectual property rights laws.
(b) You are hereby granted a non-exclusive, non-transferable, revocable, limited licence to electronically access and use the Website in the manner described in these Terms. You do not have the right, and nothing in these Terms shall be construed as granting you the right, to sub-license any rights in connection with the access and/or use of the Website. Company may revoke or terminate this licence at any time if you use, or attempt to use, the Website in a manner prohibited by these Terms, or if your rights under these Terms are terminated pursuant to Section 6.
(c) The Bedrock Smart Contracts are open-source software accessible pursuant to applicable open-source licences (including but not limited to the MIT License and the GNU General Public License v3.0) and are not subject to the limited licence described in Section 1.9 although your right to access and/or use of Bedrock Smart Contracts may be subject to the open-source licences applicable to the Bedrock Smart Contracts. For more information regarding the open-source licences applicable to the Bedrock Smart Contracts, please refer to https://github.com/Bedrock-Technology/.
2 Using Bedrock
2.1 Liquid Restaking.
(a) Liquid Restaking may be effected via the “Products” feature accessible through Website Access or Direct Access. Provided that a User connects a Compatible Wallet for which such User controls the associated private key to the Bedrock Smart Contracts, subject to such User’s compliance with such requirements, restrictions and/or conditions for Liquid Restaking (including but not limited to minimum and/or maximum amount requirements (“Min/Max Amount Requirements”) in respect of the amount of Bedrock Liquid Restaking Supported Tokens to be subject of such Liquid Restaking) as may be imposed by Bedrock from time to time, such User may initiate Liquid Restaking of a Bedrock Liquid Restaking Supported Token by indicating the amount of Bedrock Liquid Restaking Supported Token to be the subject of such Liquid Restaking, and may earn potential rewards in respect of such Liquid Restaking (“Restaking Rewards”).
(b) For more information regarding Restaking Rewards, please refer to the Bedrock Documentation. Company makes no guarantees as to a User earning any Restaking Reward, when any Restaking Reward will be made available or distributed to a User, nor the price or value of any Restaking Reward on any secondary market.
(c) Such Liquid Restaking Tokens as may be supported by Bedrock from time to time (collectively, “Bedrock Unstaking Supported Tokens” and each, “Bedrock Unstaking Supported Token”) may be burned in order to receive Bedrock Liquid Restaking Supported Tokens (“Unstaking”) in accordance with the procedures further described in this Section. A User may, subject to such User’s compliance with such requirements, restrictions and/or conditions for Unstaking (including but not limited to Min/Max Amount Requirements in respect of the amount of Bedrock Unstaking Supported Tokens to be subject of such Unstaking) as may be imposed by Bedrock from time to time, initiate Unstaking of a Bedrock Unstaking Supported Token by connecting a Compatible Wallet for which such User controls the associated private key to the Bedrock Smart Contracts and indicating the amount of Bedrock Unstaking Supported Token to be the subject of such Unstaking, pursuant to which:
(i) Bedrock Unstaking Supported Token will be deposited by such User from such Compatible Wallet into smart contract address(es) (being part of the Bedrock Smart Contracts) designated by Bedrock for the deposit of Bedrock Unstaking Supported Token in connection with Unstaking and burned by Bedrock Smart Contracts(s); and
(ii) subject to any waiting period as may be imposed by Bedrock (“Waiting Period”), a Bedrock Liquid Restaking Supported Token in such asset-type corresponding to the asset-type of Bedrock Unstaking Supported Token will be deposited by Bedrock Smart Contract(s) to the same Compatible Wallet designated by such User to initiate such Unstaking, at a ratio of the exchange ratio for Bedrock Liquid Restaking Supported Token to Liquid Restaking Token at the prevailing time
(d) The process for effecting Liquid Restaking and Unstaking is further described in the Bedrock Documentation and illustrated in the step-by-step guides accessible at:
(i) https://docs.bedrock.technology/multi-asset-liquid-staking/brbtc/mint-brbtc;
(ii) https://docs.bedrock.technology/multi-asset-liquid-staking/unibtc/staking-
wrapped-btc-in-bedrock;
(iii) https://docs.bedrock.technology/multi-asset-liquid-staking/unieth/staking-eth; and
(iv) https://docs.bedrock.technology/multi-asset-liquid-staking/uniiotx/staking- unstaking-iotx.
(e) A User accessing and/or using Bedrock to effect Liquid Restaking and/or Unstaking is deemed to have read and understood the Bedrock Documentation, and acknowledges and accepts all risks relating to Liquid Restaking and Unstaking (including any such risks as may be set out in the Bedrock Documentation) and all fees relating to Liquid Restaking and Unstaking, including in particular:
(i) any potential loss of value of any Bedrock Liquid Restaking Supported Token, any Liquid Restaking Token and/or any Bedrock Unstaking Supported Tokens for any reason, and the corresponding effect on the amount or value of Bedrock Liquid Restaking Supported Tokens received upon Unstaking;
(ii) the risks set out at Section 7.5(a) below, in particular any inherent smart contract risks and security vulnerabilities that may potentially result in Bedrock Liquid Restaking Supported Tokens, Liquid Restaking Tokens and/or Bedrock Unstaking Supported Tokens being lost due to a failure, malfunction or exploit of Bedrock;
(iii) any risks arising from the use of third-party applications and/or interfaces (including but not limited to Compatible Wallets), the operation of which the Company and its Affiliates do not control or oversee;
(iv) any risks arising from any inability to comply with such requirements, restrictions and/or conditions for Liquid Restaking and/or Unstaking (including but not limited to Min/Max Amount Requirements and Waiting Periods) as may be imposed by Bedrock from time to time;
(v) that Transaction Fees are chargeable in respect of Liquid Restaking and/or Unstaking; and
(vi) that Company and its Affiliates shall have no responsibility for any loss occasioned to such User who shall have no claim against Company and its Affiliates in respect thereof.
2.2 Bridging.
(a) Bridging may be effected via the “Products” feature accessible through Website Access or Direct Access. In order to enable Users to effect Bridging in respect of certain Bedrock Bridging Supported Tokens, Bedrock provides access to Third-Party Integrated Applications and/or Third-Party Smart Contracts through the Website from time to time, including by integrating or providing links to Third-Party Integrated Applications on the Website. Company is not involved in and has no oversight of Third-Party Integrated Applications and/or Third-Party Smart Contracts and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to such User’s interactions with Third-Party Integrated Applications and/or Third-Party Smart Contracts to effect Bridging.
(b) Provided that a User connects a Compatible Wallet for which such User controls the associated private key to Third-Party Smart Contracts, subject to such User’s compliance with such requirements, restrictions and/or conditions for Bridging (including but not limited to Min/Max Amount Requirements in respect of the amount of Bedrock Bridging Supported Tokens to be subject of such Bridging) as may be imposed by Third-Party Integrated Applications from time to time, such User may initiate Bridging of a Bedrock Bridging Supported Token by indicating the amount of Bedrock Bridging Supported Token to be the subject of such Bridging.
(c) The process for effecting Bridging is further described in the Bedrock Documentation and illustrated in the step-by-step guide accessible at https://docs.bedrock.technology/multi- asset-liquid-staking/unibtc/bridge/step-by-step-to-bridge-unibtc;
(d) A User accessing and/or using Bedrock to effect Bridging is deemed to have read and understood the Bedrock Documentation, and acknowledges and accepts all risks relating to Bridging (including any such risks as may be set out in the Bedrock Documentation) and all fees relating to Bridging, including in particular:
(i) the risks set out at Section 7.5(a) below, in particular any inherent smart contract risks and security vulnerabilities that may potentially result in Bedrock Bridging Supported Tokens (which includes Source Chain Bedrock Bridging Supported Tokens and Destination Chain Bedrock Bridging Supported Token) being lost due to a failure, malfunction or exploit of Third-Party Integrated Applications;
(ii) any risks arising from the use of third-party applications and/or interfaces (including but not limited to Compatible Wallets and Third-Party Integrated Applications), the operation of which the Company and its Affiliates do not control or oversee;
(iii) any risks arising from any inability to comply with such requirements, restrictions and/or conditions for Bridging (including but not limited to Min/Max Amount Requirements) as may be imposed by Third-Party Integrated Applications from time to time;
(iv) that transaction fees levied by Third-Party Integrated Applications, the amount of which the Company and its Affiliates do not control or oversee, are chargeable in respect of Bridging, including network fees for each transaction executed on the Source Chain and each transaction executed on the Destination Chain; and
(v) that Company and its Affiliates shall have no responsibility for any loss occasioned to such User who shall have no claim against Company and its Affiliates in respect thereof.
2.3 Vaulting
(a) Vaulting may be effected via the “Vaults” feature accessible through Website Access or
Direct Access. In order to enable Users to effect Vaulting in respect of certain Bedrock Vaulting Supported Tokens, Bedrock provides access to Third-Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts) through the Website from time to time, including by integrating or providing links to Third-Party Integrated Applications on the Website. Company is not involved in and has no oversight of Third- Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts) and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to such User’s interactions with Third-Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts) to effect Vaulting.
(b) Provided that a User connects a Compatible Wallet for which such User controls the associated private key to Vaults (being Third-Party Smart Contracts), subject to such User’s compliance with such requirements, restrictions and/or conditions for Vaulting (including but not limited to Min/Max Amount Requirements in respect of the amount of Bedrock Vaulting Supported Tokens to be subject of such Vaulting) as may be imposed by Third-Party Integrated Applications from time to time, such User may initiate Vaulting of a Bedrock Vaulting Supported Token by indicating the amount of Bedrock Vaulting Supported Token to be the subject of such Vaulting.
(c) The process for effecting Vaulting is further described and illustrated in the document repository accessible at https://docs.cian.app/ (“Vaulting Documentation”). Company is not involved in and has no oversight of the Vaulting Documentation and does not make any guarantee as to the accuracy or completeness of the Vaulting Documentation. Company expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to the Vaulting Documentation;
(d) A User accessing and/or using Bedrock to effect Vaulting is deemed to have read and understood the Vaulting Documentation, and acknowledges and accepts all risks relating to Vaulting (including any such risks as may be set out in the Vaulting Documentation) and all fees relating to Vaulting, including in particular:
(i) Company makes no guarantee as to any Vaulting Rewards resulting from Vaulting. The rate or amount of Vaulting Rewards (if any) resulting from Vaulting may be subject to changes or adjustments from time to time;
(ii) the risks set out at Section 7.5(a) below, in particular any inherent smart contract risks and security vulnerabilities that may potentially result in Bedrock Vaulting Supported Tokens being lost due to a failure, malfunction or exploit of Third-Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts);
(iii) any risks arising from the use of third-party applications and/or interfaces (including but not limited to Compatible Wallets and Third-Party Integrated Applications), the operation of which the Company and its Affiliates do not control or oversee;
(iv) any risks arising from any inability to comply with such requirements, restrictions and/or conditions for Vaulting (including but not limited to Min/Max Amount Requirements) as may be imposed by Third-Party Integrated Applications from time to time;
(v) that transaction fees levied by Third-Party Integrated Applications, the amount of which the Company and its Affiliates do not control or oversee, are chargeable in respect of Vaulting; and
(vi) that Company and its Affiliates shall have no responsibility for any loss occasioned to such User who shall have no claim against Company and its Affiliates in respect thereof.
3 Representations and Warranties
3.1 You make the following representations and warranties regarding your access and/or use of Bedrock:
(a) THAT you are legally permitted to access and/or use Bedrock in your jurisdiction and your access and/or use of Bedrock is in compliance with the laws of your jurisdiction, and you acknowledge that Company is not liable for your compliance or non-compliance with any such laws;
(b) THAT your agreement to these Terms and your access and/or use of Bedrock does not constitute, and that you do not expect it to result in, a breach, default, or violation of any applicable law or any contract or agreement to which you are a party or are otherwise bound;
(c) THAT you are not an Excluded Person and are not in an Excluded Jurisdiction, and are not accessing or using Bedrock from an Excluded Jurisdiction and for purposes hereof:
(i) “Excluded Jurisdiction” means any of the following jurisdictions: (1) the United States of America and its territories and possessions (collectively, the “United States”); (2) the People’s Republic of China; (3) Singapore; and (4) a jurisdiction identified by the Financial Action Task Force (FATF) for strategic AML/CFT deficiencies and included in FATF’s listing of “High-risk and Other Monitored Jurisdictions” accessible at https://www.fatf-gafi.org/content/fatf- gafi/en/publications/High-risk-and-other-monitored-jurisdictions/increased- monitoring-february-2025.html or “Jurisdictions Subject to a Call for Action” accessible at https://www.fatf-gafi.org/content/fatf-gafi/en/publications/High-risk- and-other-monitored-jurisdictions/Call-for-action-february-2025.html; and/or (5) a jurisdiction in which Bedrock would be subject of licensing;
(ii) “Excluded Persons” refers to the following person(s): (1) a person who is a citizen, domiciled in, resident of, or physically present / located in an Excluded Jurisdiction; (2) a body corporate: (a) which is incorporated in, or operates out of, an Excluded Jurisdiction, or (b) which is under the control of one or more individuals who is/are citizen(s) of, domiciled in, residents of, or physically present / located in, an Excluded Jurisdiction; (3) an individual or body corporate included
in United Nations Consolidated List (accessible at https://www.un.org/securitycouncil/content/un-sc-consolidated-list); (4) an individual or body corporate which is otherwise prohibited or ineligible in any way, whether in full or in part, under any laws applicable to such individual or body corporate from accessing and/or using Bedrock; and/or (5) a U.S. person.
For purposes of these Terms, a “U.S. person” means:
(A) any natural person resident in the United States;
(B) any partnership or corporation organised or incorporated under the laws of the United States;
(C) any estate of which any executor or administrator is a U.S. person;
(D) any trust of which any trustee is a U.S. person;
(E) any agency or branch of a foreign entity located in the United States;
(F) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;
(G) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organised, incorporated, or (if an individual) resident in the United States;
(H) any partnership or corporation if:
(i) organised or incorporated under the laws of any foreign jurisdiction; and
(ii) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act of 1933 of the United States of America (“Securities Act”), unless it is organised or incorporated, and owned, by accredited investors (as defined in Regulation D of the Securities Act) who are not natural persons, estates or trusts; and
(I) any citizen of United States who is a military personnel of United States who is not resident in or outside of the United States,
but does not include:
(J) any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. person by a dealer or other professional fiduciary organised, incorporated, or (if an individual) resident in the United States;
(K) any estate of which any professional fiduciary acting as executor or administrator is a U.S. person if:
(i) an executor or administrator of the estate who is not a U.S. person has sole orsharedinvestment discretion with respect to the assets of the estate; and
(ii) the estate is governed by foreign law;
(L) any trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a U.S. person has sole or shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settlor if the trust is revocable) is a U.S. person;
(M) an employee benefit plan established and administered in accordance with the law of a country other than the United States and customary practices and documentation of such country;
(N) any agency or branch of a U.S. person located outside the United States if:
(i) the agency or branch operates for valid business reasons; and
(ii) the agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located; and
(O) the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations, and their agencies, affiliates and pension plans, and any other similar international organisations, their agencies, affiliates and pension plans;
(d) THAT you will not, and will not attempt to, authorise anyone other than you to access and/or use Bedrock using a Compatible Wallet owned by you or for which you control the private keys, or otherwise engage in Prohibited Use (as defined below) using such Compatible Wallet;
(e) THAT you will not disrupt, interfere with, or otherwise adversely affect the normal flow of Bedrock or otherwise act in a manner that may negatively affect other Users’ experience when accessing and/or using Bedrock including taking advantage of software vulnerabilities and any other act that intentionally abuses or exploits the design of Bedrock;
(f) THAT:
(i) you have read and understood the Bedrock Documentation and accept all risks as may be set out therein or associated with the use of Bedrock, including smart contract risks, market volatility risks and risks associated with hacks, exploits, malfunctions, modifications of transaction data (whether in connection with Website Access or Direct Access of Bedrock) that could affect or result in unsuccessful Bedrock Transactions or misuse of smart contracts and oracles, which may result in a loss of digital assets. Notwithstanding that you may be using a Compatible Wallet to undertake a Bedrock Activity and/or Bedrock Transaction, you acknowledge that you bear all risks arising from and/or in connection with any modification of transaction payload data which you may procure or cause, in connection with your use of such Compatible Wallet in undertaking such Bedrock Activity and/or Bedrock Transaction;
(ii) you are sophisticated in using and evaluating blockchain technologies and related blockchain-based digital assets, including the Bedrock Supported Chains and the third-party systems you use in connection with your access and/or use of Bedrock, as well as smart contract systems and the concept of pricing slippage; and
(iii) you have evaluated and understand all functions of and all risks associated with your access and/or use of Bedrock and your undertaking of any Bedrock Activity and/or Bedrock Transaction using Bedrock and have not relied on any information, statement, representation, or warranty, express or implied, made by or on behalf of Company with respect to the access and/or use of Bedrock and your undertaking of any Bedrock Activity and/or Bedrock Transaction using Bedrock.
3.2 All of the above representations and warranties are true, complete, accurate and not misleading from the time of your acceptance of these Terms and are deemed repeated each time you access and/or use Bedrock.
4 Prohibited Use
4.1 You may not, directly or indirectly, engage in any of the following activities in connection with your access and/or use of Bedrock (“Prohibited Uses”):
(a) a violation of any law, rule, or regulation of any jurisdiction that is applicable to you;
(b) violations or breaches of these Terms or any other document from time to time governing the access and/or use of Bedrock;
(c) permit others to access and/or use Bedrock or otherwise undertake any Bedrock Activity and/or Bedrock Transaction using a wallet address (including any Compatible Wallet) that you control;
(d) perform, or attempt to perform, any actions that would interfere with the normal operation of Bedrock or affect the access and/or use of Bedrock by other Users;
(e) engage in, or knowingly facilitate, any fraudulent, deceptive, or manipulative transaction activity in any digital asset using Bedrock, including by engaging or participating in “front- running”, “wash trading”, “pump and dump schemes”, or similar activities;
(f) engage in, or knowingly facilitate, any money laundering, terrorist financing, or other illegal activities;
(g) engage in, or knowingly facilitate, any activity that seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including, but not limited to, the deployment of viruses and denial of service attacks;
(h) buy, sell or transfer any stolen assets, fraudulently obtained assets, assets taken without authorisation, and/or any other illegally obtained assets;
(i) engage in, or knowingly facilitate, any activity that involves data mining, robots, scraping, or similar data gathering or extraction methods of content or information from Bedrock;
(j) access or attempt to access non-public systems, programs, data, or services;
(k) copy, reproduce, republish, upload, post, transmit, resell, or distribute in any way, any data, content or any part of Bedrock, except as expressly permitted by applicable laws; and/or
(l) reverse engineer or attempt to reverse engineer Bedrock except as expressly permitted by applicable law.
5 Waivers
5.1 You agree and acknowledge that Company and its Affiliates shall not be liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of fund, asset, revenue, income or profits, and loss of use or data), arising out of or in connection with your access and/or use of Bedrock (whether via Website Access or Direct Access) or your undertaking of any Bedrock Activity and/or Bedrock Transaction, or use of your wallet (including any Compatible Wallet) in connection thereto.
5.2 You undertake not to initiate or participate, and waive the right to participate in, any class action lawsuit or a class-wide arbitration against Company and/or its Affiliates in respect of your access and/or use of Bedrock (whether via Website Access or Direct Access) or your undertaking of any Bedrock Activity and/or Bedrock Transaction.
5.3 By accepting these Terms, you waive all rights, claims and/or causes of action (present or future) under law (including any tortious claims) or contract against Company and its Affiliates in connection with your access and/or use of Bedrock (whether via Website Access or Direct Access) or your undertaking of any Bedrock Activity and/or Bedrock Transaction.
6 Termination
6.1 These Terms will remain in full force and effect for so long as you access and/or use Bedrock (whether via Website Access or Direct Access) or undertake any Bedrock Activity and/or Bedrock Transaction. Company may suspend or terminate your rights to access and/or use Bedrock at any time for any reason at Company’s sole discretion, including for any access and/or use of Bedrock in violation of these Terms.
6.2 Upon termination of your rights under these Terms, your right to access and/or use Bedrock will terminate immediately.
6.3 Company will not have any liability whatsoever to you for any termination of your rights under these Terms, including blacklisting any blockchain address you may have used to access Bedrock. Even after your rights under these Terms are terminated, Sections 5, 6.3, 7 and 8 of these Terms will remain in effect.
7 Disclaimers and Limitation of Liability
7.1 Disclaimer.
(a) BEDROCK (WHICH INCLUDES THE WEBSITE AND THE BEDROCK SMART CONTRACTS) ARE PROVIDED ON AN “AS-IS” AND “AS AVAILABLE” BASIS, AND COMPANY EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ALL WARRANTIES OR CONDITIONS OF MERCHANTABILITY, MERCHANTABLE QUALITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, OR NON-INFRINGEMENT. COMPANY DOES NOT MAKE ANY WARRANTY THAT BEDROCK WILL MEET YOUR REQUIREMENTS, WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS, OR WILL BE ACCURATE, RELIABLE, FREE OF VIRUSES OR OTHER HARMFUL CODE, COMPLETE, LEGAL, OR SAFE. IF APPLICABLE LAW REQUIRES ANY WARRANTIES WITH RESPECT TO BEDROCK, ALL SUCH WARRANTIES ARE LIMITED IN DURATION TO SIXTY (60) DAYS FROM THE DATE OF FIRST USE.
(b) COMPANY DOES NOT ENDORSE ANY THIRD PARTY AND SHALL NOT BE RESPONSIBLE IN ANY WAY FOR ANY INTERACTIONS OR TRANSACTIONS YOU ENTER INTO WITH ANY OTHER THIRD PARTY, OR FOR ANY LOSS ARISING FROM YOUR RELIANCE ON ANY REPRESENTATION MADE BY OR ANY INFORMATION PROVIDED BY ANY OTHER THIRD PARTY (INCLUDING ANY WALLET PROVIDERS AND ORACLE PROVIDERS). YOU AGREE THAT COMPANY AND ITS AFFILIATES WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGES OF ANY SORT INCURRED AS A RESULT OF ANY INTERACTIONS BETWEEN YOU AND ANY THIRD PARTY (INCLUDING ANY WALLET PROVIDERS) AND/OR ANY ACT UNDERTAKEN BY YOU USING THIRD-PARTY SOFTWARE.
7.2 Limitation of Liability.
(a) SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY, INCLUDING LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE FOLLOWING LIMITATIONS MAY NOT APPLY TO YOU AND YOU MAY HAVE ADDITIONAL RIGHTS.
(b) TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL COMPANY AND/OR ITS AFFILIATES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFITS, LOST DATA, OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING OUT OF YOUR USE OF BEDROCK, EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, BEDROCK IS AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR DEVICE OR COMPUTER SYSTEM, OR LOSS OF DATA, OR LOSS OF FUND RESULTING THEREFROM.
(c) COMPANY AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE ARISING OUT OF YOUR FAILURE TO KEEP YOUR PRIVATE KEYS OR LOGIN CREDENTIALS TO YOUR WALLET SECURE OR ANY OTHER UNAUTHORISED ACCESS TO OR TRANSACTIONS INVOLVING YOUR WALLET.
(d) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF COMPANY TO YOU FOR ANY DAMAGES ARISING FROM OR RELATED TO THESE TERMS (FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION), WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF THE AMOUNT OF TRANSACTION FEES PAID BY YOU IN CONNECTION WITH YOUR ACCESS AND/OR USE OF BEDROCK DURING THE PRECEDING TWELVE (12) MONTHS. THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT.
7.3 Indemnification. You agree to indemnify and hold Company and its Affiliates (each an “Indemnified Party”, and collectively “Indemnified Parties”) harmless from any loss, claim or demand made, including costs and attorneys’ fees, due to or arising out of:
(a) your access and/or use of Bedrock (whether via Website Access or Direct Access and which includes the Website and the Bedrock Smart Contracts) or your undertaking of any Bedrock Activity and/or Bedrock Transaction;
(b) your non-observance of these Terms; and/or
(c) your violation of applicable laws or regulations.
The relevant Indemnified Party reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to provide indemnification, and you agree to cooperate in the defense of these claims. You agree not to settle any matter without the prior written consent of the relevant Indemnified Party or Indemnified Parties. The relevant Indemnified Party will use reasonable efforts to notify you of any such claim, action or proceeding upon becoming aware of it.
7.4 Taxes. You are solely responsible for determining the tax implications and tax reporting requirements associated with your access and/or use of Bedrock and/or associated with any Bedrock Activities and/or Bedrock Transactions you undertake, and for paying any applicable taxes in each applicable jurisdiction in relation thereto. Company is not responsible for determining whether there are tax implications or tax reporting in connection with your access and/or use of Bedrock and/or associated with any Bedrock Activities and/or Bedrock Transactions you undertake, or for paying any applicable taxes in relation thereto.
7.5 Potential Risks Associated with Access and/or Use of Bedrock (which includes the Website and the Bedrock Smart Contracts).
(a) Like all software, Bedrock (which includes the Website and the Bedrock Smart Contracts) may be subject to exploits. Company is not responsible for exploits of any kind. While Company has taken a number of precautions to ensure the security of Bedrock (which includes the Website and the Bedrock Smart Contracts), the technology is relatively new and it is not possible to guarantee that the code is completely free from bugs or errors. Users accept all risks that arise from access and/or use of Bedrock (which includes the Website and the Bedrock Smart Contracts), including, and not limited to, the risk of any digital assets being lost due to a failure, malfunction or exploit of Bedrock (whether in relation to the Website, the Bedrock Smart Contracts and/or the Bedrock Supported Chains).
(b) You are solely responsible for securing the private keys associated with any wallet (including any Compatible Wallet) you may use when accessing and/or using Bedrock. You understand that anyone who obtains your private keys and access to your device may access such wallet controlled with those private keys with or without your authorisation and may transfer out any digital assets from the blockchain address associated with such wallet.
(c) The value of any digital asset, where value is attached to such an asset, may fluctuate. Company makes no guarantees as to the price or value of any digital asset on any secondary market, including the yield attributable to any Bedrock Activity and/or Bedrock Transaction that you undertake.
(d) The following risks are associated with blockchain-based digital assets involved in connection with your access and/or use of Bedrock and your undertaking of Bedrock Activities and/or Bedrock Transactions: the risk of losing private keys, theft resulting from third parties discovering your private key, value fluctuation of digital assets on the secondary market, disruptions to the Bedrock Supported Chains connected to Bedrock caused by network congestion, lack of usability of, or loss of value with respect to, digital assets due to a hard fork or other disruption to the Bedrock Supported Chains connected to Bedrock, or errors or vulnerabilities in the smart contract code associated with a given digital asset or transactions involving digital assets. Transfers on the Bedrock Supported Chains are irreversible. Once an instruction, signed by the required private key(s), to transfer a digital asset from one blockchain address to another has been executed, it cannot be undone.
(e) Support for your access and/or use of Bedrock (which includes the Website and the Bedrock Smart Contracts) whether via Website Access and/or Direct Access or for your undertaking of any Bedrock Activity and/or Bedrock Transaction may be modified or discontinued at any time, and Company reserves the right, at any time, in its sole discretion, to modify the Website and/or the Bedrock Smart Contracts.
(f) In the event of a change or other network disruption to a Bedrock Supported Chain connected to Bedrock, whether resulting in a fork of a Bedrock Supported Chain connected to Bedrock, Bedrock may halt and stop functioning and you may not be able to undertake or complete any Bedrock Activity and/or Bedrock Transaction. In addition, in the event of a fork, Bedrock Activities and/or Bedrock Transactions on that Bedrock Supported Chain may be disrupted.
(g) The Bedrock Supported Chains connected to Bedrock charge a fee for engaging in a transaction on the applicable network. Those network transaction fees fluctuate over time depending on a variety of factors. You are solely responsible for paying network transaction fees associated with any Bedrock Activity and/or Bedrock Transaction you undertake using Bedrock on the applicable Bedrock Supported Chain connected to Bedrock. You are also solely responsible for any other third-party fees that may be incurred in connection with your access and/or use of Bedrock.
8 Dispute Resolution
8.1 The Parties shall use best efforts to resolve any potential disputes through informal, good faith negotiations. In the event a potential dispute arises, you agree that you shall contact us by sending an email to [email protected] in order for the Parties to attempt resolving such potential dispute without resorting to formal dispute resolution processes. In the event an informal resolution is not reached within sixty (60) days of your above-mentioned email, the Parties agree to resolve the potential dispute in accordance with the process set forth below.
8.2 Subject always to Sections 5 and 7 of these Terms, any claim, suit, or dispute arising out of or in connection with these Terms, including any question regarding its existence, validity or termination, or any other acts or omissions for which you may contend that we are liable (“Dispute”), shall be finally and exclusively settled by arbitration under BVI Arbitration Act, 2013. You understand that you are required to resolve all Disputes by binding arbitration. The arbitration shall be held on a confidential basis before a single arbitrator. The arbitration will be held in the British Virgin Islands, unless you and we both agree to hold it elsewhere. Unless we agree otherwise, the arbitrator may not consolidate your claims with those of any other party. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction. If for any reason a claim by law or equity must proceed in court rather than in arbitration you agree to waive any right to a jury trial and any claim may be brought only in a court located in the British Virgin Islands.
9 Electronic Communications with Company
The communications between you and Company use electronic means, either through the Website or electronic mail, whether Company communicates by posting notices on the Website, or communicates with you via email. For contractual purposes, you: (i) hereby consent to receive communications from Company in any electronic form; and (ii) hereby agree that all terms and conditions, agreements, notices, disclosures, and other communications that Company provides to you electronically satisfy any legal requirement that would also be satisfied if such communications were to be in a hardcopy writing. The foregoing does not affect your non- waivable rights under any applicable law.
10 Governing Law and Jurisdiction
10.1 These Terms and any dispute or claim arising out of or in connection with their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of the British Virgin Islands, without regard to principles of conflict of laws.
10.2 Bedrock may not be available or permitted by laws for use in some jurisdictions (including the Excluded Jurisdictions). Company and its Affiliates do not represent or warrant that Bedrock or any part thereof is available or permitted by laws for use in any particular jurisdiction. In choosing to access and/or use Bedrock, you do so on your own initiative and at your own risk, and you are responsible for complying with all applicable local laws, rules and regulations.
11 General
11.1 Entire Terms. These Terms constitute the entire agreement between you and Company regarding your access and/or use of Bedrock. The section titles in these Terms are for convenience only and have no legal or contractual effect. The word “including” means “including without limitation”.
11.2 Severability. If any provision of these Terms is, for any reason, held to be invalid or unenforceable, the other provisions of these Terms will be unimpaired and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law.
11.3 Relationship of the Parties. Nothing contained in these Terms will be deemed to be construed by the Parties or any third party as creating a partnership, an agency relationship or joint venture between the Parties or any of their respective employees, representatives, or agents.
11.4 Third party rights. Save for the Indemnified Parties who shall have rights and benefits to the extent accorded thereto under these Terms, any person who is not a Party to these Terms shall have no right to enforce any provisions of this Terms.
11.5 Assignment. These Terms, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without Company’s prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. Company may freely assign these Terms. The terms and conditions set forth in these Terms shall be binding upon assignees.
11.6 Changes. Company reserves the right to change these Terms in its sole discretion from time to time. The “Date Last Revised” specified on these Terms indicates the date on which the Terms were last changed. You will be given the opportunity to review and accept the updated Terms when you next access and/or use Bedrock. These changes will be effective upon your acceptance of the updated Terms. In addition, continued access and/or use of Bedrock following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.
11.7 Waiver. A waiver by Company of any right or remedy under these Terms shall only be effective if it is in writing, executed by a duly authorised representative of Company and shall apply only to the circumstances for which it is given. The failure of Company to exercise or enforce any right or remedy under these Terms shall not operate as a waiver of such right or remedy, nor shall it prevent any future exercise or enforcement of such right or remedy. No single or partial exercise of any right or remedy shall preclude or restrict the further exercise of any such right or remedy or other rights or remedies.
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