SpaceChain – Legal

SpacecChain does not promise that the website or any content, service or feature of the website will be error-free or uninterrupted, or that any defects will be corrected, or that your use of the website will provide specific results. The website and its content are delivered on an “as-is” and “as-available” basis. All information provided on the website is subject to change without notice. SpaceChain cannot ensure that any files or other data you download from the website will be free of viruses or contamination or destructive features. SpaceChain disclaims all warranties, express or implied, including any warranties of accuracy, non-infringement, merchantability and fitness for a particular purpose. SpaceChain disclaims any and all liability for the acts, omissions and conduct of any third parties in connection with or related to your use of the website and/or any SpaceChain services. You assume total responsibility for your use of the website and any linked sites. Your sole remedy against SpaceChain for dissatisfaction with the website or any content is to stop using the website or any such content. This limitation of relief is a part of the bargain between the parties.

The above disclaimer applies to any damages, liability or injuries caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction of or unauthorized access to, alteration of, or use, whether for breach of contract, tort, negligence or any other cause of action. SpaceChain reserves the right to do any of the following, at any time, without notice: (1) to modify, suspend or terminate operation of or access to the Website, or any portion of the Website, for any reason; (2) to modify or change the Website, or any portion of the Website, and any applicable policies or terms; and (3) to interrupt the operation of the Website, or any portion of the Website, as necessary to perform routine or non-routine maintenance, error correction, or other changes.

In addition, SpaceChain reserves the right, at its sole discretion, to change, modify, add or remove portions of these terms, at any time. It is your responsibility to check these terms periodically for changes. Your continued use of the Website following the posting of changes will mean that you accept and agree to the changes.

1. Information published on SpaceChain.com

The website https://spacechain.com (hereinafter, referred to as the “Website”) provides information and material of a general nature. You are not authorized and nor should you rely on the Website for legal advice, business advice, or advice of any kind. You act at your own risk in reliance on the contents of the Website.

Should you decide to act or not act, you should contact a licensed attorney in the relevant jurisdiction in which you want or need help. In no way are the owners of, or contributors to, the Website responsible for the actions, decisions, or other behaviour taken or not taken by you in reliance upon the Website.

2. Translations

The Website contains translations of the English version of the content available on the Website to Mandarin and Korean. These translations are provided only as a convenience. In the event of any conflict between the English language version and the translated version, the English language version shall take precedence. If you notice any inconsistency, please report them to info@spacechain.com.

3. Risks related to the use of SpaceChain

The Website will not be responsible for any losses, damages or claims arising from events falling within the scope of the following five categories:

1. Mistakes made by the user of any SpaceChain-related software or service, e.g., forgotten passwords, payments sent to wrong SpaceChain addresses, and accidental deletion of wallets.
2. Software problems of the Website and/or any SpaceChain-related software or service, e.g., corrupted wallet file, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the Website and/or any SpaceChain-related software or service.
3. Technical failures in the hardware of the user of any SpaceChain-related software or service, e.g., data loss due to a faulty or damaged storage device.
4. Security problems experienced by the user of any SpaceChain-related software or service, e.g., unauthorized access to users’ wallets and/or accounts.
5. Actions or inactions of third parties and/or events experienced by third parties, e.g., bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties.

4. Risks

Any purchase of SpaceChain tokens (SPC) can lead to loss of money over short or even long periods. Purchasers of SPC should expect prices to have large range fluctuations. The information published on the Website cannot guarantee that purchasers in SpaceChain would not suffer any loss.

5. Compliance with tax obligations

The users of the Website are solely responsible to determinate what, if any, taxes apply to their SpaceChain transactions. The owners of, or contributors to, the Website are not responsible for determining the taxes that apply to SpaceChain transactions.

6. The Website does not store, send, or receive SPC

The Website does not store, send or receive SPC. This is because SpaceChain exist only by virtue of the ownership record maintained in the SpaceChain network. Any transfer of title in SpaceChain occurs within a decentralized SpaceChain network, and not on the Website.

7. No warranties

The Website is provided on an “as is” basis without any warranties of any kind regarding the Website and/or any content, data, materials and/or services provided on the Website.

8. Limitation of liability

Except where prohibited by law, in no event will SpaceChain be liable to you for any indirect, consequential, exemplary, incidental or punitive damages, including lost profits, even if SpaceChain has been advised of the possibility of such damages. If, notwithstanding the other provisions of these Terms of Use, SpaceChain is found to be liable to you for any damage or loss which arises out of or is in any way connected with your use of the Website or any Content, SpaceChain’s liability shall in no event exceed the greater of (1) the total of any subscription or similar fees with respect to any service or feature of or on the Website paid in the six months prior to the date of the initial claim made against SpaceChain (but not including the purchase price for any SpaceChain hardware or software products or any SpaceChainCare or similar support program), or (2) US$200.00. Some jurisdictions do not allow limitations of liability, so the foregoing limitation may not apply to you.

9. Indemnity

You agree to indemnify and hold SpaceChain, its officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries and affiliates, harmless from any demands, loss, liability, claims or expenses (including attorneys’ fees), made against SpaceChain by any third party due to or arising out of or in connection with your use of the Website.

10. Arbitration

Any Dispute arising out of or in connection with the Website or these terms (including without limitation the enforceability of this arbitration clause or any question regarding its existence, validity or termination) shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference in this arbitration clause. The seat of the arbitration shall be Singapore. The Tribunal shall consist of 1 arbitrator. The language of the arbitration shall be English.

(Last updated on 10 September 2018)