Terms of Use
By using Light Shield, Light Widget or the Light SDK, you confirm that you accept the ToU.
Last Updated: July 5, 2022
Please read these terms of service (“Terms”) carefully. These Terms are between you and Light Protocol Labs Ltd. (“Light,” “we,” “us,” or “our”) concerning your use of Light’s site, currently located at shield.lightprotocol.com and widget.lightprotocol.com (the “Site”) which acts as a front-end to certain smart contracts. These Terms apply to you (“You,” or “User”) as a user of the Site and Light front-end, including all the products, services, tools and information made available on the Site. By accessing the Site, you agree to be legally bound by the Terms of Service then in effect. Please also refer to the relevant additional legal information applicable to your country and activity
Light Protocol is a decentralized peer-to-peer protocol that people can use to deposit or withdraw tokens into/from a smart contract on the Solana Blockchain.
The protocol is made up of free, public, open-source or source-available software including a set of smart contracts that are deployed on various blockchain networks, including, but not limited to, the Solana blockchain.
Your use of the Light protocol involves various risks, including, but not limited to, risks inherent to cryptographic systems and blockchain-based networks, and losses due to the fluctuation of prices of tokens and other assets, and risks to privacy, and risk of loss of funds or frozen funds.
Before using the Light protocol, you should review the relevant documentation to make sure you understand how the Light protocol works.
Also, just as you can access email protocols such as SMTP through multiple email clients, you can access the Light protocol through a variety of web or mobile interfaces, including, but not limited to, interfaces that are independent from Light labs. You are responsible for doing your own diligence on those interfaces to understand the fees and risks they present.
The Light website acts independent from the Light Protocol.
AS DESCRIBED IN THE LIGHT PROTOCOL LICENSES, THE LIGHT PROTOCOL IS PROVIDED ”AS IS”, AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. Although Light Protocol Labs ltd. (“Light Labs” ) developed much of the initial code for the Light protocol, Light Labs does not provide, own, or control the Light protocol, which is run by smart contracts deployed on the Solana blockchain. No developer or entity involved in creating the Light protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the Light protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of cryptocurrencies, tokens, or anything else of value.
- Client TOS
- host of the site: Light Protocol Labs Ltd.
- jurisdiction: BVI
Certain features on the site may be offered while still in “beta” form (“Beta Services”). By accepting these Terms or using the Beta Services, You understand and acknowledge that the Beta Services are being provided as a “Beta” version and made available on an “As Is” or “As Available” basis. The Beta Services may contain bugs, errors, and other problems. YOU ASSUME ALL RISKS AND ALL COSTS ASSOCIATED WITH YOUR USE OF THE BETA SERVICES.You must be able to form a legally binding contract online either as an individual or on behalf of a legal entity. You represent that as a User, you have the legal authority to bind the company or other legal entity to these Terms and you are at least 18 years old or the age of majority where you reside, whichever is older, can form a legally binding contract online, and have the full, right, power and authority to enter into and to comply with the obligations under these Terms.You are advised to check these Terms periodically to familiarize yourself with any changes to the Terms. Light, in its sole discretion, reserves the right to make changes to our Terms. Changes are binding on Users of the Site and will take effect immediately upon posting. As a User, you agree to be bound by any changes, variations, or modifications to our terms of service and your continued use of the Site shall constitute acceptance of any such changes, variations, or modifications.Light provides access to an application (the “Application”) on the Solana blockchain, that allows users to protect their on-chain transaction history by default and allows them to share their transaction history with selected parties using smart contracts (the “Smart Contracts”).Using Light may require that you pay a fee, such as gas charges on the Solana network to perform a transaction. You acknowledge and agree that Light has no control over any transactions, the method of payment of any transactions or any actual payments of transactions. Accordingly, you must ensure that you have a sufficient balance of the applicable cryptocurrency tokens stored at your protocol-compatible wallet address (“Cryptocurrency Wallet”) to complete any transaction on Light or the Solana network before initiating such transaction.
Access to the Site
Access to the Site is provided “AS IS” and “as available” basis only. We do not guarantee that the Site, or any content on it, will always be available or uninterrupted. From time to time, access may be interrupted, suspended or restricted, including because of a fault, error or unforeseen circumstances or because we are carrying out planned maintenance.We reserve the right to limit the availability of the Site to any person, geographic area or jurisdiction we so desire and/or to terminate your access to and use of the site, at any time and in our sole discretion.We may suspend or disable your access to the Site if we consider it reasonable to do so.We may remove or amend the content of the Site at any time. However, some of the content may be out of date at any given time and we are under no obligation to update it. We do not guarantee that the Site, or any content on it, will be free from errors or omissions.We will not be liable to you for any loss or damage you may suffer as a result of the Site being unavailable at any time for any reason.
You will comply with all applicable domestic and international laws, statutes, ordinances and regulations applicable to your use of the site. The Site and all information and functionalities contained within them are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction; or (2) such distribution is prohibited without obtaining the necessary licenses or authorizations and such licenses or authorizations have not been obtained.
As a condition to accessing or using the Site, you: will only use the Site in accordance with these Terms; you will ensure that all information that you provide on the Site is current, complete, and accurate will ensure compliance with all US securities laws; and will maintain the security and confidentiality of access to your cryptocurrency wallet address.
As a condition to accessing or using the Site, you will not: Violate any applicable law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws and any relevant and applicable privacy and data collection laws, in each case as may be amended; Export, reexport, or transfer, directly or indirectly, any Light technology in violation of applicable export laws or regulations; Infringe on or misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Site; Misrepresent the truthfulness, sourcing or reliability of any content on the Site; Use the Site in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Site or the Light, or that could damage, disable, overburden, or impair the functioning of the Site or the Light in any manner; Attempt to circumvent any content filtering techniques or security measures that Light employs on the Site, or attempt to access any service or area of the Site that you are not authorized to access; Use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the Site to extract data; Introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material into the Site; Post content or communications on the Site that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable; Post content on the Site containing unsolicited promotions, commercial messages or any chain messages or user content designed to deceive or trick the user of the Site; or Encourage or induce any third party to engage in any of the activities prohibited under these Terms.
You acknowledge that the Site and your use of the Site contain certain risks, including without limitation the following risks: That any Smart Contracts you interact with are entirely your own responsibility and liability, and that Light is not party to the Smart Contracts; At any time, your access to your Cryptocurrency Assets may be suspended or terminated or there may be a delay in your access or use of your Cryptocurrency Assets which may result in the Cryptocurrency Assets diminishing in value or you being unable to complete a Smart Contract; and The Site and/or application may be suspended or terminated for any or no reason, which may limit your access to your Cryptocurrency Assets.
Accordingly, you expressly agree that: You assume all risk in connection with your access and use of the Site, the Application and the Smart Contracts; and that you expressly waive and release Light from any and all liability, claims, causes of action, or damages arising from or in any way related to your use of the Site, the Application or the Smart Contracts.
The U.S. Department of the Treasury, through the Office of Foreign Assets Control (“OFAC”), prohibits U.S. companies from engaging in all or certain commercial activities with certain sanctioned countries (each a “Sanctioned Country”) and certain individuals, organizations or entities, including without limitation, certain “Specially Designated Nationals” (“SDN”) listed by OFAC. If you use the Site, you expressly represent that you are not located in a Sanctioned Country or is listed as an SDN.
If Light determines that the Site is being used by prohibited persons, it will take any and all actions to terminate that User’s access to the Site.
The Site may contain hyperlinks or references to third party websites. Any such hyperlinks or references are provided for your information and convenience only. We have no control over third party websites and accept no legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third-party website does not mean that we endorse that third party's website, products or services. Your use of a third-party site may be governed by the terms and conditions of that third-party site.
We are the owner of all intellectual property rights in the Site and the material published on them. These works are protected by copyright laws and all such rights are reserved. lightprotocol.com is the uniform resource locator (“URL”) of Light. You will not make use of this URL on another website or digital platform without our prior written consent. You agree not to monitor, use or copy our web pages without our prior consent. Any unauthorized use or reproduction may be prosecuted. You will retain ownership of all copyright in data you upload or submit to the Site. You grant us a worldwide, royalty-free, irrevocable license to use, copy, distribute or publish and send this data in any manner.
You acknowledge that the Services contain Light’s and its affiliates’ trade secrets and confidential information. You agree to hold and maintain the Services in confidence, and not to furnish any other person any confidential information of the Services or the Website. You agree to use a reasonable degree of care to protect the confidentiality of the Services. You will not remove or alter any of Light’s or its affiliates’ proprietary notices. Your obligations under this provision will continue even after these Terms have expired or been terminated.
Light expressly prohibits and rejects the use of the Website or the Services for any form of illicit activity, including money laundering, terrorist financing or trade sanctions violations. By using the Website or the Services, you represent that you are not involved in any such activity.
You may not assign or transfer any right to use the Services or any of your rights or obligations under these Terms without prior written consent from Light, including any right or obligation related to the enforcement of laws or the change of control. Light may assign or transfer any or all of its rights or obligations under these Terms, in whole or in part, without notice or obtaining your consent or approval.
BY MAKING USE OF OUR SERVICES, YOU ACKNOWLEDGE AND AGREE THAT: (A) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF ENCRYPTED OR DIGITAL TOKENS OR CRYPTOCURRENCIES WITH A CERTAIN VALUE THAT ARE BASED ON BLOCKCHAIN AND CRYPTOGRAPHY TECHNOLOGIES AND ARE ISSUED AND MANAGED IN A DECENTRALIZED FORM (“DIGITAL CURRENCIES”); (B) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF THE SERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES; AND (C) LIGHT SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES. AS WITH ANY ASSET, THE VALUES OF DIGITAL CURRENCIES ARE VOLATILE AND MAY FLUCTUATE SIGNIFICANTLY AND THERE IS A SUBSTANTIAL RISK OF ECONOMIC LOSS WHEN PURCHASING, HOLDING OR INVESTING IN DIGITAL CURRENCIES.
To the fullest extent permitted by law, in no event will Light be responsible to you for any: (1) financial losses; (2) loss of use, data, business or profits; or (3) indirect, special consequential, exemplary, or punitive damages. This will be whether or not the Light warned of the possibility of such damages. You agree to defend, indemnify and hold harmless Light, its affiliates, licensors and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the Site, including. We do not guarantee that the Site will be secure or free from bugs or viruses.
You are responsible for configuring your information technology, computer programs and platform in order to access the Site. You should use your own virus protection software.
We cannot promise that the use of the Site, or any content taken from the Site, will not infringe the rights of any third party.
This Website and any information or materials contained in it do not constitute the distribution, an offer or solicitation of any kind to purchase or sell any product, security or instrument whatsoever nor should they be construed as providing any type of investment or other advice or recommendations by us, any of our affiliates or third parties to any person in any jurisdiction where such distribution, offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Moreover, Light does not give investment advice, endorsement, analysis or recommendations with respect to any cryptocurrencies, digital assets, tokens or securities (“cryptocurrencies”) or provide any financial, tax, legal advice or consultancy services of any kind.
We are not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities effected by you using this Website. Your use of the Website is at your own risk.
This Website is for “professional investors”, “accredited investors” or “sophisticated investors” only and not for retail use. We encourage you to consult your professional advisers in respect of any decisions or activities made on the Website.
If any clause or part of any clause of these Terms is found to be void, unenforceable or invalid, then it will be severed from these Terms, leaving the remainder in full force and effect, provided that the severance has not altered the basic nature of these Terms.
No single or partial exercise, or failure or delay in exercising any right, power or remedy by us shall constitute a waiver by us of, or impair or preclude any further exercise of, that or any right, power or remedy arising under these terms and conditions or otherwise.
If any of the provisions in these Terms are found to be illegal, invalid or unenforceable by any court of competent jurisdiction, the remainder shall continue in full force and effect.
All disclaimers, indemnities and exclusions in these Terms shall survive termination of the Terms and shall continue to apply during any suspension or any period during which the Site is not available for you to use for any reason whatsoever.
These Terms and the documents referred to in them set out the entire agreement between you and us with respect to your use of the site, Light and the services provided via the site and supersede any and all prior or contemporaneous representations, communications or agreements (written or oral) made between you or us.
Any dispute, controversy, or claim arising out of or in relation to these Terms, including the validity, invalidity, breach or termination thereof, shall be settled by arbitration in accordance with the British Virgin Islands law in force on the date when the Notice of Arbitration is submitted in accordance with these Rules. The number of arbitrators shall be one or three; the seat of the arbitration shall be determined by the arbitrator(s); the arbitral proceedings shall be conducted in English. The applicable law shall be British Virgin Islands law.
With respect to all persons and entities, regardless of whether they have obtained or used the site for personal, commercial or other purposes, all disputes, controversies or claims must be brought in the parties’ individual capacity, and not as a plaintiff or class member in any purported class action, collective action or other representative proceeding. This waiver applies to class arbitration, and, unless we agree otherwise, the arbitrator may not consolidate more than one person’s claims.
You agree that, by entering into this agreement, you and Light are each waiving the right to a trial by jury or to participate in a class action, collective action, or other representative proceeding of any kind.
Should you have any question about these Terms, or wish to contact us for any reason whatsoever, please do so by sending us an email at [email protected].
Last modified 20d ago