Terms of Use / Service

Effective from Date: 12/09/2021

Welcome to Amasa. These Terms of Use / Service ("Terms") govern your access to and use of the Service provided by Amasa ("we," "us," or "our"). By accessing or using the Service, you agree to be bound by these Terms. If you do not agree with these Terms, please refrain from using the Service.

Acceptance of Terms

  1. By accessing or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms, including any additional terms and conditions and policies referenced herein. These Terms constitute a legally binding agreement between you and Amasa.

Use of the Service

2.1 Eligibility

  1. You must be at least 18 years old and have the legal capacity to enter into a binding agreement to use the Service. By accessing or using the Service, you represent and warrant that you meet these eligibility requirements.

2.2 Prohibited Activities

You agree not to engage in any of the following prohibited activities while using the Service:

a. Violating any applicable laws or regulations;

b. Providing false, inaccurate, or misleading information;

c. Attempting to gain unauthorized access to the Service or any related systems or networks;

d. Interfering with or disrupting the Service or its servers;

e. Engaging in any activity that may compromise the security or integrity of the Service or its users' accounts;

f. Using the Service for any unlawful, fraudulent, or malicious purposes;

g. Copying, modifying, distributing, or reverse engineering any part of the Service;

h. Impersonating any person or entity or falsely stating or misrepresenting your affiliation with any person or entity.

Blockchain-based Services

3.1 Decentralized Finance (DeFi)

  1. The Service offers decentralized finance services on the blockchain. We facilitate the execution of smart contracts that enable token movement, lending, borrowing, and other DeFi activities. However, it is important to note that we do not have custody or control over any user tokens. All token transactions occur solely through smart contracts.

3.2 Token Restrictions

At the time of writing, certain tokens may be subject to legal restrictions or regulatory requirements. You agree to comply with all applicable laws, regulations, and restrictions related to token usage, including but not limited to anti-money laundering (AML) and know your customer (KYC) requirements. We reserve the right to restrict or prohibit the use of certain tokens on the Service as required by law or to maintain compliance.

Risks and Limitations

4.1 Risks Associated with DeFi

  1. You acknowledge and understand that using the Service involves certain risks, including but not limited to the volatility of cryptocurrencies, smart contract vulnerabilities, and potential financial losses. You agree to assume full responsibility for any risks associated with your use of the Service.

4.2 No Financial Advice

The information provided on the Service, including any educational or informational content, is for general purposes only and should not be construed as financial, investment, or legal advice. You should seek independent professional advice before making any financial decisions based on the information provided by the Service.

Intellectual Property

  1. All intellectual property rights in the Service, including but not limited to trademarks, logos, designs, and content, belong to Amasa or its licensors. You may not use, copy, reproduce, or distribute any of the intellectual property without prior written consent from the respective owner.

Privacy Policy

  1. We respect your privacy and are committed to protecting your personal information. Our Privacy Policy governs the collection, use, and disclosure of personal information provided by you while using the Service. By using the Service, you consent to the collection and use of your personal information

Restricted Persons

7.1 Prohibited Use for Restricted Persons

  1. The use of the Service, including the purchase or acquisition of tokens through the app, is prohibited for individuals or entities located in the United States and any jurisdictions in which it may be unlawful, prohibited, or unauthorized. By accessing or using the Service, you represent and warrant that you are not a Restricted Person as defined in this section.

7.2 Definition of Restricted Persons

For the purposes of these Terms, "Restricted Persons" refer to:

a. Individuals or entities located in the United States, including its territories and possessions;

b. Individuals or entities subject to United States sanctions, embargoes, or other restrictive measures imposed by the Office of Foreign Assets Control (OFAC) or any other relevant regulatory authority;

c. Individuals or entities located in jurisdictions where the use of the Service is prohibited, unlawful, or unauthorized by applicable laws or regulations.

7.3 Compliance with Applicable Laws

You are solely responsible for ensuring compliance with all applicable laws, regulations, and restrictions in your jurisdiction. If you are a Restricted Person, you must refrain from accessing or using the Service, including the purchase or acquisition of tokens through the app.

7.4 Indemnification

You agree to indemnify and hold Amasa, its affiliates, directors, officers, employees, and agents harmless from any claims, damages, liabilities, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or related to your violation of the restrictions set forth in this section.

Termination

  1. We reserve the right to terminate or suspend your access to the Service at any time, without prior notice or liability, for any reason, including but not limited to your violation of these Terms or any applicable laws or regulations.

Disclaimer of Warranties

  1. THE SERVICE IS PROVIDED ON AN "AS-IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO REPRESENTATION OR WARRANTY THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, ERROR-FREE, OR FREE FROM VIRUSES OR OTHER HARMFUL COMPONENTS.

Limitation of Liability

  1. IN NO EVENT SHALL THE AMASA PROJECT, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR YOUR USE OF THE SERVICE.

Governing Law and Jurisdiction

  1. These Terms shall be governed by and construed in accordance with the laws of BVI. Any dispute arising out of or relating to these Terms or the Service shall be submitted to the exclusive jurisdiction of the courts located in BVI.

Severability

  1. If any provision of these Terms is determined to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

Entire Agreement

  1. These Terms constitute the entire agreement between you and Amasa regarding the Service and supersede all prior or contemporaneous understandings and agreements, whether oral or written.

By using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.