Space V2 - Terms of Service

Last updated: September 23, 2024

1. Welcome to SpaceV2.org and the Interface!

These Terms of Use ("Terms") govern your access to and use of both the SpaceV2.org website (referred to as "SpaceV2.org") and the interface hosted at shares.SpaceV2.org (referred to as the "Interface"), collectively referred to as the "Services." The Services are provided by Space V2 ("we," "us," or "our").

SpaceV2.org offers information and resources regarding the decentralized self-executing protocol known as the SV2 Protocol, which is composed of open-source smart contracts deployed across various permissionless public blockchains like Ethereum ("SV2 Protocol" or the "Protocol"). Space V2 does not control or operate any instance of the SV2 Protocol on any blockchain network.

The Interface, hosted on IPFS, serves as one of the available applications through which users, via their self-custody wallets, can interact with the SV2 Protocol.

ARBITRATION NOTICE: THESE TERMS INCLUDE A BINDING ARBITRATION CLAUSE BELOW. EXCEPT FOR CERTAIN DISPUTES SPECIFIED IN THE ARBITRATION CLAUSE, YOU AND WE AGREE THAT ANY DISPUTES RELATED TO THE SERVICES WILL BE RESOLVED THROUGH MANDATORY BINDING ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION OR CLASS-WIDE ARBITRATION.

You are entering into a legally binding Agreement.

BY ACCESSING OR USING OUR SERVICES, WHICH INCLUDE VARIOUS WEBSITES, INCLUDING, BUT NOT LIMITED TO, SPACEV2.ORG AND SHARES.SPACEV2.ORG (AND ANY RELATED SUBDOMAINS); APPLICATIONS, AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION, TEXT, LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED, OR APPEARING THEREON (COLLECTIVELY, THE "SERVICES"), YOU ARE ENTERING INTO A BINDING AGREEMENT WITH US THAT INCLUDES THESE TERMS, OUR PRIVACY POLICY (FOUND HERE), AND ANY OTHER POLICIES REFERENCED HEREIN (COLLECTIVELY, THE "AGREEMENT").

In case of any conflict between these Terms and applicable additional terms, these Terms will govern unless otherwise expressly provided. If you disagree with these Terms, you must not use the Services and should immediately discontinue visiting the Site or using the Services.

Use of the Services

To use the Services, you must be legally capable of entering into this Agreement. By using the Services, you represent and warrant that you meet the eligibility criteria. If you do not meet this requirement, you must not access or use the Site or the Services.

We may update the Services and the Terms.

We reserve the right to modify or update the Services, the Agreement, and any part of these Terms at any time, for any reason, at our sole discretion. Once any part of the Agreement is updated and becomes effective, continued use of the Services means you are bound by the updated Terms. We may also modify or discontinue any part of the Services (including access to the Services via third-party links) at any time, without liability to you.

2. Services

SpaceV2.org is an informational resource about the Protocol; however, it is not the exclusive or sole source.

All information provided in connection with your access and use of the Services is intended for informational purposes only. While we strive to provide accurate and reliable information, we cannot guarantee the accuracy, completeness, or timeliness of the information provided. It is possible that the information may be outdated or subject to errors or omissions. The codebases of all the versions of the SV2 Protocol are maintained on each full network node of the relevant blockchain. You should not take, or refrain from taking, any action based on any information contained on SpaceV2.org, including, without limitation, any other information that we make available at any time, including blog posts, data, articles, links to third-party content, Discord content, news feeds, tutorials, tweets, and videos. You further acknowledge and agree that we will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.

Users retain full control over their cryptoassets.

It is important to understand that neither we nor any affiliated entity is a party to any transaction on the blockchain networks underlying the SV2 Protocol; we do not have possession, custody or control over any cryptoassets, or any user's funds. You understand that when you interact with SV2 Protocol, you retain control over your cryptoassets at all times.

Users use third-party self-custodial wallets to interact with the SV2 Protocol; we have no control or guarantee over the wallets.

To interact with the SV2 Protocol using the Interface, you will need to connect and engage with it through your self-custodial wallet. It's essential to understand that your self-custodial wallet is provided by a third-party entity and is generally governed by separate terms and conditions set by the respective third-party service provider. These terms and conditions may involve additional fees, disclaimers, or risk warnings regarding the accuracy and reliance on the provided information. Reviewing and comprehending the terms and conditions associated with your chosen self-custodial wallet provider to ensure compliance and to be aware of any applicable charges or risks is your sole responsibility.

We are not intermediaries to the SV2 Protocol transactions.

Due to the non-custodial and decentralized nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have a fiduciary relationship or obligation to you regarding any other decisions or activities that you affect when using our Services.

We have no information about all Protocol transactions beyond what is publicly available via the blockchain.

You acknowledge that we do not have information regarding all SV2 Protocol transactions beyond what is available or obtainable publicly via the blockchain. However, we may collect information regarding the users of the Services in accordance with our Privacy Policy.

There may be associated blockchain fees.

Transactions using blockchains may require the payment of gas fees, which are essentially network transaction fees paid on every transaction that occurs on the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any services to users or deliver, hold, and/or receive payment for cryptoassets. We do not receive any fees for any transactions or the Services.

3. Assumption of Risk

You assume the risks of engaging in novel and experimental technology.

Technologies such as smart contracts on various blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications, and systems that interact with blockchain-based networks are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of cryptoassets, their market value, or digital funds. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using blockchain-based technology.

We are not liable for any third-party services or links.

We are not responsible for the content or services of any third-party, including, without limitation, any network or apps like Discord or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through the Services, are at your own risk. Please note that we do not have control over third-party services. Consequently, we cannot guarantee, endorse, or recommend such content or services to users of the Interface, nor can we endorse their use for any specific purpose.

You agree to the automated collection and disbursement of proceeds by smart contracts.

You acknowledge and agree that all transactions accessed through the blockchain-based networks will be automatically processed using one or more smart contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic processing of all transactions in connection with using the Services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of cryptoassets are distributed.

You acknowledge the risks of using the Services.

You bear sole responsibility for evaluating the Services before using them, and all transactions on the blockchain are irreversible, final, and without refunds. The Services may be disabled, disrupted, or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all the potential risks of using and accessing our Services. You agree to accept these risks and agree that you will not seek to hold any Space V2 Indemnified Party responsible for any consequent losses.

You are solely responsible for the security of your self-custodial wallet.

You understand and agree that you are solely responsible for maintaining the security of your self-custodial wallet. You alone are responsible for securing your private keys. We do not have access to your private keys. Any unauthorized access to your self-custodial wallet by third parties could result in the loss or theft of any cryptoasset or funds held in your account and any associated accounts. You understand and agree that we have no involvement in, and you will not hold us responsible for managing and maintaining the security of your self-custodial wallet. The private key associated with the self-custodial wallet address from which you transfer cryptoassets or the private key associated is the only private key that can control the cryptoassets you transfer into the smart contracts.

We reserve the right to restrict your access from engaging with the Services.

You agree that we have the right to restrict your access to the Services via any technically available methods if we suspect, in our sole discretion, that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired cryptoassets using inappropriate methods, including the use of stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List (“Non-SDN Lists), or any other sanctions lists administered by OFAC; (f) you are located, organized, or resident in a country or territory that is, or whose government is, the subject of sanctions, including but not limited to Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria; or (g) you have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are utilizing the Services for illegal purposes, we reserve the right to take whatever action we deem appropriate.

We do not guarantee the quality or accessibility of the Services.

As a condition to accessing or using the Services, you acknowledge, understand, and agree that from time to time, the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason.

You acknowledge and agree that you will access and use the Services at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are, and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and cryptoassets.

4. Taxes

You are responsible for your taxes and duties.

Users bear sole responsibility for paying any and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Services and/or payable as a result of using and/or exploiting any cryptoassets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain.

5. Ownership

We grant you a license to use our Services.

Contingent upon your ongoing compliance with the Agreement, we grant you a personal, worldwide, revocable, non-exclusive, and non-assignable license to use the software provided to you as part of our Services. The only purpose of this license is to allow you to use and enjoy the Services solely as permitted by these Terms.

We own all rights in the Services.

We own any and all right, title, and interest in and to the Services, including, without limitation, any and all copyrights in and to any content, code, data, or other materials that you may access or use on or through the Services. Except as expressly set forth herein, your use of or access to the Services does not grant you any ownership or other rights therein.

We may use and share your feedback.

Any comments, bug reports, ideas, or other feedback that you may provide about our Services, including suggestions about how we might improve our Services, are entirely voluntary. You agree that we are free to use or not use any feedback that we receive from you as we see fit, including copying and sharing such feedback with third parties, without any obligation to you.

6. Prohibited Content

You may only use the Services if you comply with this Agreement, third-party policies, and applicable laws. The following conduct is prohibited:

  • Engaging in illegal activities (e.g., money laundering, financing terrorism, selling illegal goods).
  • Using the Services for unauthorized commercial purposes.
  • Uploading or transmitting malicious code (e.g., viruses, malware).
  • Copying or reverse-engineering any part of the Services.
  • Harvesting data from the Services for unauthorized use.
  • Using the Services under false pretenses or fraudulently.
  • Interfering with the Services or other users.
  • Violating any security features of the Services.
  • Exploiting smart contracts through attacks or hacks.

If you violate these rules, we may restrict or revoke your access to the Services and take action to remediate any harm caused.

7. Disclaimers and Limitations of Liability

We make no representations or warranties.

The Services are provided "as is" and "as available." We disclaim all warranties, whether express or implied, including fitness for a particular purpose and non-infringement. Use of the Services is at your own risk, and we are not responsible for:

  • Errors, inaccuracies, or interruptions in the Services.
  • Injury or damage resulting from the Services (e.g., physical effects from audiovisual content).
  • Viruses, malware, or other malicious code affecting the Services.

Limitation of Liability

To the fullest extent permitted by law, we are not liable for any direct, indirect, special, incidental, or consequential damages, including loss of profits, data, or goodwill, arising from:

  • Your inability to use the Services.
  • Misuse of the Services.
  • Any user conduct on the Services.
  • Server failures, network issues, or hacking incidents.
  • Changes in value of cryptoassets or regulatory changes.

Our total liability to you will not exceed $1,000. We will not compensate you in virtual currency, and damage calculations based on virtual currency will use the lowest value during the claim period.

Some jurisdictions may not allow these disclaimers or limitations, so they may not fully apply to you.

8. Indemnification

You agree to indemnify, defend, and hold harmless the Space V2 Indemnified Parties from any claims or demands, including reasonable attorneys' fees, made by third parties arising from:

  • Your breach or alleged breach of the Agreement (including these Terms).
  • Your contributions to the Services.
  • Your misuse of the Services, or related smart contracts or scripts.
  • Your violation of any laws or third-party rights, including intellectual property or privacy rights.
  • Your use of third-party products, services, or websites.
  • Any misrepresentation made by you.

We reserve the right to assume the exclusive defense and control of any matter subject to indemnification at your expense, and you agree to cooperate with us. You will not settle any claim without our prior written consent.

9. Arbitration Agreement and Waiver of Rights, Including Class Actions

Agreement to Resolve Disputes Through Good Faith Negotiations

Before initiating any legal proceeding, including arbitration, you and we agree to attempt to resolve any disputes through good faith negotiations. The aggrieved party must provide written notice outlining the dispute, and the receiving party has 30 days to respond. If unresolved after 90 days, either party may opt for mediation or submit the dispute to arbitration.

Agreement to Arbitrate

If a dispute cannot be resolved, you and we agree to resolve it through binding arbitration under the International Arbitration Rules of the International Centre for Dispute Resolution, with arbitration held in the Cayman Islands, in English. The arbitrator(s) should have relevant experience in Internet technology, software applications, financial transactions, and ideally, blockchain technology. The prevailing party will be entitled to recover reasonable attorneys' fees and costs.

By agreeing to these Terms, you waive the right to a jury trial or to participate in a class action. The arbitrator may not consolidate multiple claims or preside over any class or representative proceeding.

Changes

If you reject any changes to these Terms, you agree to arbitrate disputes according to the provisions in effect when you first accepted these Terms.

10. Waiver of Injunctive or Other Equitable Relief

TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF OF ANY KIND, SUCH AS ANY COURT OR OTHER ACTION THAT MAY INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF THE SERVICES, OR ANY OTHER WEBSITE, APPLICATION, CONTENT, SUBMISSION, PRODUCT, SERVICE, OR INTELLECTUAL PROPERTY OWNED, LICENSED, USED OR CONTROLLED BY ANY SPACE V2 INDEMNIFIED PARTY.

11. Termination; Cancellation

This Agreement is effective unless and until terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all access to the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Agreement (including without limitation any provision of these Terms), we reserve the right to terminate our Agreement with you and deny you access to the Services. We further reserve the right to restrict your access to the Services or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe: (a) your use of the Services exposes us to risk or liability; (b) you are using the Services for unlawful purposes; or (c) it is not commercially viable to continue providing you with our Services. All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve.

WE RESERVE THE RIGHT TO MODIFY THE SERVICES AT ANY TIME, BUT WE HAVE NO OBLIGATION TO UPDATE THE SERVICES. YOU AGREE THAT IT IS YOUR RESPONSIBILITY TO MONITOR CHANGES TO THE SERVICES THAT MAY AFFECT YOU. YOU AGREE THAT WE MAY REMOVE THE SERVICES AND/OR ANY CONTENT THEREON FOR INDEFINITE PERIODS OF TIME OR CANCEL THE SERVICES AT ANY TIME, WITHOUT NOTICE TO YOU.

12. Severability

If any provision of the Agreement (including, without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and enforceability of any other remaining provisions.

13. Assignment

The Agreement (including, without limitation, these Terms) may be assigned without your prior consent to any Space V2 Indemnified Party, or to its successors in the interest of any business associated with the Services provided by us. You may not assign or transfer any rights or obligations under the Agreement without our prior written consent.

14. Entire Agreement

The Agreement (including, without limitation, these Terms, and the Privacy Policy) and any policies or operating rules posted by us on the Services constitute the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms). Any failure by us to exercise or enforce any right or provision of the Agreement (including, without limitation, these Terms) shall not constitute a waiver of such right or provision.

15. Governing Law

These Terms and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of the Cayman Islands.

16. Contact Us

You may contact us with questions about your use of the Services at info@spacev2.org.