Terms of use
Network1 Terms of Use
Welcome to Network1, a decentralized protocol designed for trading and managing crypto assets. By accessing or using our platform, you agree to comply with the following Terms of Use.
These terms govern your use of Network1, so please read them carefully. If you do not agree with these terms, you should refrain from using our services.
1. Acceptance of Terms
By using Network1, you acknowledge that you have read, understood, and agree to these Terms of Use. You further agree to abide by all applicable laws and regulations related to the use of decentralized protocols and crypto assets. Network1 reserves the right to modify or update these terms at any time without prior notice. It is your responsibility to review these terms periodically.
2. Decentralized Protocol Disclaimer
Network1 is a decentralized protocol that facilitates interactions with various blockchain networks for trading and managing crypto assets. The platform operates without intermediaries, meaning transactions and operations are executed on-chain, directly between users. As such, Network1 does not control, manage, or own the underlying blockchain networks, nor does it hold any custody of your funds.
You understand and acknowledge that by using Network1, you are interacting with decentralized systems and assume all risks related to transactions, including market volatility, smart contract vulnerabilities, and potential loss of funds.
3. Eligibility
To use Network1, you must:
Be at least 18 years old or the age of majority in your jurisdiction.
Have the legal authority to enter into a binding agreement.
Comply with all local, state, national, and international laws regarding the use of crypto assets and decentralized protocols.
You are solely responsible for ensuring that your use of Network1 complies with applicable laws.
4. Use of the Platform
As a user of Network1, you agree to the following:
Self-Custody: You are responsible for the safekeeping of your private keys and wallet credentials. Network1 does not have access to or control over your funds.
Transaction Responsibility: You assume full responsibility for any transactions initiated through the Network1 protocol. All transactions are irreversible once submitted to the blockchain.
Market Risks: You understand that the value of crypto assets is volatile, and using Network1 may expose you to significant financial risk. You are solely responsible for managing and assessing your own risks.
Compliance: You will not use Network1 for illegal activities, including money laundering, terrorism financing, or any other criminal actions.
5. Fees and Costs
Network1 does not charge platform fees; however, you may incur blockchain transaction fees (gas fees) or other third-party service fees associated with your use of decentralized networks. You are responsible for understanding and paying any fees incurred during the use of Network1.
6. No Custodial Services
Network1 does not offer custodial services for crypto assets. You are responsible for the custody of any crypto assets used within the platform. This includes maintaining secure wallets and private keys to access and manage your funds. Network1 is not liable for any loss of assets due to hacking, theft, or loss of private keys.
7. Risks of Decentralized Systems
Using Network1 involves several inherent risks, including but not limited to:
Smart Contract Risks: The platform operates on blockchain networks and smart contracts that are subject to vulnerabilities or bugs. Network1 cannot guarantee the functionality, security, or reliability of third-party smart contracts.
Market Volatility: The value of crypto assets can fluctuate significantly. You understand that crypto asset prices are highly volatile and could result in significant financial losses.
Regulatory Risks: The regulatory landscape for crypto assets is evolving. You acknowledge that your use of Network1 may be subject to legal or regulatory changes, which could impact your ability to use the platform.
8. Intellectual Property
Network1, including all content, trademarks, logos, and services, is the property of the Network1 team or its licensors. You are granted a limited, non-exclusive, non-transferable license to use the platform for personal or commercial purposes, provided that you comply with these terms.
You may not copy, modify, distribute, or reverse-engineer any aspect of the Network1 platform without explicit written consent.
9. Termination
Network1 reserves the right to terminate or suspend access to the platform at any time, without notice, for any user who violates these Terms of Use or engages in unlawful activity. Upon termination, all provisions of these terms related to user responsibilities, intellectual property, and liability limitations will remain in effect.
10. Limitation of Liability
To the fullest extent permitted by law, Network1 and its team shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of assets, trading losses, or damage to reputation arising from your use of the platform.
Network1 makes no warranties or representations regarding the functionality, security, or availability of the platform, and all services are provided on an "as is" and "as available" basis.
11. Indemnification
You agree to indemnify and hold Network1 and its team harmless from any claims, losses, damages, liabilities, and expenses (including legal fees) arising out of or related to your use of the platform, breach of these terms, or violation of applicable laws.
12. Governing Law
These Terms of Use shall be governed and construed in accordance with the laws of [Jurisdiction]. Any disputes arising from or related to the use of Network1 will be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
13. Contact Information
If you have any questions or concerns about these Terms of Use, please contact us at:
Email: support@network1.tech
By using Network1, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.
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