This is a binding Agreement between DigitalBits Foundation and the person, persons, or entity (“You” or “Your”) using the website (“Website”) or service, Software, or application (“Software”).
The following definitions apply in these Conditions:
DigitalBits Foundation, “we”, “us” and “our”: DigitalBits Foundation and its affiliates.
AstraX, AstraX Wallet, the Wallet: an open source, non-custodial (meaning the cryptographic keys of the user is stored on user’s own device) wallet software to be used for transactions on the DigitalBits network.
DigitalBits, DigitalBits network: a decentralized ledger system managed by the DigitalBits Foundation.
IF YOU LOSE ACCESS TO YOUR WALLET OR YOUR ENCRYPTED PRIVATE KEYS AND YOU HAVE NOT SEPARATELY STORED A BACKUP OF YOUR WALLET AND CORRESPONDING PASSWORD, YOU ACKNOWLEDGE AND AGREE THAT ANY CRYPTOCURRENCY YOU HAVE ASSOCIATED WITH THAT WALLET WILL BECOME INACCESSIBLE. All transaction requests are irreversible. The authors of the Software, employees and affiliates of DigitalBits Foundation, copyright holders, and DigitalBits Foundation cannot retrieve Your private keys or passwords if You lose or forget them and cannot guarantee transaction confirmation as they do not have control over the network.
The AstraX wallet source code is published under the Apache License 2.0, which contains the below disclaimer reprinted here for convenience:
Unless required by applicable law or agreed to in writing, Licensor provides the Work (and each Contributor provides its Contributions) on an “AS IS” BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied, including, without limitation, any warranties or conditions of TITLE, NON-INFRINGEMENT, MERCHANTABILITY, or FITNESS FOR A PARTICULAR PURPOSE. You are solely responsible for determining the appropriateness of using or redistributing the Work and assume any risks associated with Your exercise of permissions under this License.
DigitalBits Foundation provides the Software solely on the terms and conditions set forth in this Agreement and on the condition that You accept and comply with them. By using the Software You (a) accept this Agreement and agree that You are legally bound by its terms; and (b) represent and warrant that: (i) You are of legal age to enter into a binding agreement; and (ii) if You are a corporation, governmental organization or other legal entity, You have the right, power and authority to enter into this Agreement on behalf of the corporation, governmental organization or other legal entity and bind them to these terms.
This Software functions as a free, open source, and multi-signature digital wallet. The Software does not constitute an account where We or other third parties serve as financial intermediaries or custodians of Your DigitalBits assets.
While the Software has undergone through testing and continues to be improved by feedback from the open source user and developer community, We cannot guarantee the Software to be entirely free of bugs. You acknowledge that Your use of this Software is at Your own discretion and in compliance with all applicable laws. You are responsible for safekeeping Your passwords, private key pairs, PINs, and any other codes You use to access the Software.
4. Cryptocurrency Risks
Cryptocurrency assets are subject to high market risks and volatility. Past performance is not indicative of future results. Investments in blockchain assets may result in loss of part or all of your investment. Please do your own research and use caution. You are solely responsible for your actions on the DigitalBits network. DigitalBits Foundation is not responsible for your investment losses. Cryptocurrency assets and the DigitalBits “decentralized exchange” are unregulated and do not have governmental oversight.
5. The DigitalBits Network (separate from AstraX Wallet)
AstraX Wallet is not an exchange. AstraX Wallet is only a user interface to DigitalBits and does not operate the DigitalBits network. AstraX Wallet is unable to control the actions of others on the DigitalBits network. When using AstraX Wallet, you are directly communicating with the DigitalBits Frontier API operated by The DigitalBits Foundation. Transactions on the DigitalBits network are irreversible.
6. AstraX Wallet does not Endorse Anything
AstraX Wallet does NOT endorse ANY asset on the DigitalBits network. Asset “listings” on AstraX Wallet are NOT endorsements. AstraX Wallet is a software client ONLY and does NOT conduct any independent diligence or review of any asset. DigitalBits is an open system meaning that scams and market manipulators may exist. Prices shown on AstraX Wallet are for informational purposes and do not imply that they can actually be redeemed for a certain price.
7. Your Own Responsibilities
You, the user, are solely responsible for ensuring your own compliance with laws and taxes in your jurisdiction. Cryptocurrencies may be illegal in your area. You are solely responsible for your own security including keeping your account secret keys safe and backed up.
8. Third-party Products and Services
We may provide links on our Website or in the AstraX Wallet to websites or services of other companies. DigitalBits Foundation does not provide those third-party services. These links are provided solely as a convenience to you and not as an endorsement by DigitalBits Foundation of such third-party websites or services. DigitalBits Foundation is not responsible for the content of any third-party website nor the operation of such service, nor does it make any representation or warranty of any kind regarding any third-party website or service.
9.1. Governing Law and Jurisdiction
This Agreement is governed by, and shall be construed in accordance with the laws of Cayman Islands, without giving effect to the choice of law provisions.
Unless expressly agreed, no variation shall constitute a general waiver of any provisions of this Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement which have already accrued up to the date of variation and the rights and obligations of the parties under or pursuant to this Agreement shall remain in full force and effect, except and only to the extent that they are so varied.
The Content Provider shall not assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any of its rights and obligations under the Agreement. DigitalBits Foundation may at any time assign, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any or all of its rights and obligations under the Agreement.
Unless any applicable law, regulatory requirement or mandatory standards or codes of practice of any competent authority require an alternative method of communication, you agree that DigitalBits Foundation may electronically provide or make available to you (as relevant) any communication as contemplated by this Agreement by posting it or making it otherwise available on the AstraX wallet website at https://astraxwallet.com.
We may change or add to these Conditions at any time.
If any provision of this Agreement (or part of a provision) is found by any court or administrative body of competent jurisdiction to be invalid, unenforceable or illegal, that provision shall, to the extent required, be deemed not to form part of this Agreement, and the other provisions shall remain valid, legal and enforceable.
You agree to indemnify and hold harmless DigitalBits Foundation and its respective directors, officers, employees and agents against any and all claims, costs, losses, damages, judgment, tax assessments, penalties, interest and expenses arising out of any claim, action, audit, investigation or other proceeding instituted by a person or entity that arises out of or relates to: (a) any actual or alleged breach of your representations, warranties, or obligations set out in this Agreement; (b) your wrongful or improper use of the Services and/or (c) your violation of any applicable law.
9.8. Entire Agreement