Terms of Service

Acceptance of Terms

  1. Thank you for choosing to visit ChainPort.io and app.chainport.io (the “Website”) made available by Decentralab Ltd. (the “Company”). These Terms of Service (“Terms”) govern the use of the Website and the related content, services and/or applications under the `ChainPort` brand name (collectively, the “Services” or “ChainPort”) by you (“you” or “User”). By accessing and/or using the Website and/or the Services you confirm and agree that you have read, understood, accept and agree to be bound by these Terms. If you do not agree to these Terms, do not use the Website and the Services. 
  2. ChainPort’s Privacy Policy available at https://www.chainport.io is incorporated by reference, and should be read in conjunction.
  3. The Company reserves the right, in its sole discretion, to revise or modify these Terms at any time, and you agree to be bound by such revisions or modifications. Users are responsible for viewing these Terms periodically. Your continued use of the Services after a change or modification of these Terms has been made will constitute your acceptance of the revised Terms as published on the Website at the time you have accessed it. If you do not agree to the Terms, your sole remedy shall be to discontinue your use of the Services.  
  4. If you violate the Terms, the Company reserves the right to issue you a warning regarding the violation or to immediately permanently block or suspend your access to the Services. You agree that the Company does not need to provide you with a notice before permanently blocking or suspending your access, but it may provide such notice in its sole discretion.  
  5. You agree that the Company may change any part of the Services, including its content, at any time or discontinue the Services or any part thereof, for any reason, and for the avoidance of doubt, you hereby agree that such discontinuance shall not require the Company to provide you with any notice, and shall impose no liability on the Company whatsoever. 
  6. NO-ONE UNDER THE AGE OF 18 OR THE AGE OF LEGAL CONSENT FOR ENGAGING IN THE ACTIVITIES OFFERED IN CONNECTION WITH THE SERVICES UNDER THE LAWS OF ANY JURISDICTION, WHICHEVER IS HIGHER (“LEGALLY OF AGE”) MAY USE THE SERVICES UNDER ANY CIRCUMSTANCES AND ANY PERSON NOT LEGALLY OF AGE WHO USES THE SERVICES WILL BE IN BREACH OF THE TERMS OF THESE TERMS OF SERVICE. BY ACCEPTANCE OF THESE TERMS AND/OR BY USING THE SERVICES YOU DECLARE THAT YOU ARE OF LEGALLY OF AGE. You may not use the Services and may not accept these Terms if you are a person barred from receiving the Services under the laws of the country in which you are resident or from which you use the Services. 
  7. No one from the following countries may use the services under any circumstances and any person from the following countries who uses the services will be in breach of the terms of these terms of services. By acceptance of these terms and/or by using the services you declare that you are not from the following countries: ISRAEL, U.S.A, and any country included in the High-Risk Jurisdictions subject to a Call for Action as published by the Financial Action Task Force (FATF) from time to time, or any entity that is owned or controlled by, or affiliated with, the government of any such country.

Website Content

  1. The information and content on the Website, unless stated otherwise, was developed by The Company or provided to the Company by others for the purpose of its display on the Website. The Website’s content as displayed from time to time, shall be determined by the Company at its sole discretion.
  2. Please note that some of the Services described herein may only be available following the initial launch of the Website and/or for limited periods of time. 
  3. The content displayed on the Website or suggested through the Services may be incomplete, inaccurate or outdated. The Company shall not assume any responsibility to any content displayed on the Website or suggested through the Services, its integrity, accuracy and/or reliability. The Company cannot guarantee that the Services will always function without disruptions, delay or errors. A number of factors may impact the quality of your communications and use of the Services, and may result in the failure of your communications including, without limitation, your local network, firewall, your internet service provider, the public internet and your power supply. 
  4. The Company takes no responsibility for any disruption, interruption or delay caused by any failure of or inadequacy in any of these items or any other items over which we have no control of, and any other responsibility which is not expressly mentioned in these Terms.

Blockchain Wallet and other Third Party Services

  1. When using certain features of the Services, you will be asked to log in with a blockchain wallet, under your control and ownership, of a type supported by the Services, as may be updated from time to time (“Wallet”). Wallets are made available by unrelated third-party service providers and subjected to such Wallet’s terms and conditions. The Company makes no representation or warranties whatsoever, nor does it provide any recommendation or advice with respect to any Wallet and its use. Your use of your Wallet is at your own risk and responsibility and subjected to laws and regulations applicable to your use of your Wallet.   
  2. In addition, the Website may contain, from time to time, the following content (See also “Third Party Material” as defined below):
  • Files, documents and other content you may download for use and/or review off-Website. 
  • Links to other external web-sites which are not operated or not controlled by the Company.
  • Links to, or reference to services and applications provided, supported, operated and/or offered by third parties.

The Services

  1. ChainPort is a technical solution that enables Users to port tokens of selected projects (“Supportable Tokens”) from and between supported blockchains.
  2. As a general rule, Supportable Tokens are limited only to such tokens which their issuer has accepted ChainPort’s applicable terms for issuers and projects, and which were duly integrated. Company reserves the right, however not assuming any liability or obligation to do so, to update or amend its policies regarding tokens supported by ChainPort, either in general or for a particular case. Company makes no representation or warranty regarding the amount, variety, type or identity of the Supported Tokens, or to their availability, and you accept the said parameters (all or any part thereof) may change from time to time.  
  3. The porting of each Supported Token is first achieved by Users transferring tokens to ChainPort’s designated porting-contract on the blockchain on which such Supported Token was originally deployed and managed by its issuer (“Native Port Contract'' and “Native Chain”, respectively). The transfer of a Supportable Token to the Native Port Contract, will trigger the creation of a supply of the relevant Supportable Token on the target blockchain (“Target Chain'') in corresponding amount of the Tokens ported through ChainPort, which will automatically be added to the User’s designated account on the Target Chain by ChainPort’s designated porting contract on the Target Chain (“Target Port Contract”).
  4. Any Supported Token sent to the Native Port Contract, essentially becomes disabled and removed from actual circulation on the Native Chain, while correspondingly being added to circulation on the Target Chain. Once on the Target Chain the Supportable Token can be used in accordance with the specifications of the Target Chain standard or protocol (subjected to the issuer’s terms as may be applicable). AS CHAINPORT IS A TECHNICAL BRIDGING SOLUTION, AND THE SUPPORTABLE TOKENS SENT TO A NATIVE PORT CONTRACT ARE EFFECTIVELY DISABLED, FOR THE AVOIDANCE OF DOUBT IT IS HEREBY CLARIFIED THAT THE COMPANY, NOR ANY OTHER PARTY, SHALL NOT, NOR DEEMED TO, BE GRANTED, RECEIVE OR OTHERWISE ACQUIRE OR POSSESS ANY RIGHTS WHATSOEVER IN SUCH SUPPORTABLE TOKENS SENT TO A NATIVE PORT CONTRACT.          
  5. ChainPort is designed to also support the porting of Supported Tokens between different Target Chains and also back from a Target Chain to the Native Chain. You can send your Supported Tokens on the Target Chain to the Target Port Contract, effectively removing the Supported Token from the Target Chain, and correspondingly releasing a Supported Token into your account on the Native Chain.   
  6. When using certain features of the Services, you will be asked to log in with your Wallet, and according to the action you wish to perform, you will need to insert the relevant parameters required for the transaction. Based on those parameters, your Wallet in turn should create the applicable command line. 

Porting, Staking and other Actions included in the Services.

  1. In order to use certain Services, you will be asked to log into your Wallet and connect it to ChainPort. Once logged in to your Wallet, you will be asked to select or fill in the relevant parameters (such as the amount of Supported Tokens you wish to port, the Target Chain you want to port to and your account on the Target Chain where your Supported Tokens will be ported to, or amounts of PORTX Tokens you wish to stake). Please make sure you carefully review the parameters (or command line created by your Wallet), and that it reflects your desired actions, before you execute it.
  2. Also, you should make sure you understand the terms, conditions and associated risks applicable to using blockchain technology in general, and specifically the Supported Tokens, Wallets and the Effective Chain. 
  3. Since ChainPort is a blockchain based solution, performing actions through the Website (integrated to your Wallet) is not the only way to execute the desired actions, but rather just a way to assist you to create a relevant command you can than execute without the need to interact directly with the blockchain via other interfaces, which requires certain levels of knowledge and technical experience. Though not advisable, you can choose to use - at your own risk - any other method or any other way of transacting with the ChainPort’s smart contracts on the Effective Chains, at your sole and complete discretion.

USER’s Representations

  1. With respect to any Supportable Tokens You port through ChainPort, you hereby acknowledge, represent and confirm that:
  • you lose and waive any and all rights and claims in the Supportable Tokens you’ve transferred to the Native Port Contract (effectively becoming disabled) and/or in relation to such tokens;
  • such porting of Supportable Tokens through ChainPort is made under your complete and independent discretion, for the purpose of holding a Supported Token only on the relevant blockchain of your choice  (supported by ChainPort with respect to the relevant Supported Token, may it be the Native or a Target Chain, as applicable) (“Effective Chain”);
  • The only Supported Token you own is the one in your account on the Effective Chain;
  • You cannot use ChainPort unless you hold Supportable Tokens on the Effective Chain from which you want to port to a different Target Chain;
  • Company does not guarantee, promise or make any warranty with regard to the ability to port Supported Tokens to different Target Chains, or back to the Native Chain, and you understand and accept that once you ported your Supported Tokens to a Target Chain, you may not be able to port back or further.   
  1. You must own and control an account on the Target Chain to which you’re Supported Tokens will be ported to, and must indicate the correct account information when using ChainPort.  If you don’t have such an account or fail to indicate the right account information, you will not be able to port your Supportable Tokens and may lose them. 

Disclaimers

  1. ChainPort is strictly a technical solution and service, with its design limited to enable porting of Supported Tokens from and between Native and Target chains.
  2. ChainPort is not, and the Company does not operate nor provide, a virtual assets exchange platform, virtual assets services or clearing services, and the Services do not include any custodial or fiduciary duties.
  3. THE SUPPORTABLE TOKENS SENT TO A NATIVE PORT CONTRACT ARE EFFECTIVELY DISABLED, THUS, FOR THE AVOIDANCE OF DOUBT THE COMPANY, NOR ANY OTHER PARTY, SHALL NOT, NOR DEEMED TO, BE GRANTED, RECEIVE OR OTHERWISE ACQUIRE OR POSSESS ANY RIGHTS WHATSOEVER IN SUCH SUPPORTABLE TOKENS SENT TO A NATIVE PORT CONTRACT. As they are disabled and voided, such Tokens will not be accessible to any party, including the Company, either than by the Native Smart Contract, strictly under the autonomous operation of ChainPort. For the avoidance of doubt, such disabled Tokens, will not be considered as any party’s property, including under foreclosure proceedings.   
  4. You understand that the Company is not registered or licensed by any financial regulatory authority under any jurisdiction. No financial regulatory authority has reviewed or approved the use of Services. This Website and the Services do not constitute advice or a recommendation concerning any commodity, security, or other assets.
  5. You understand and accept complete and sole responsibility for and over any assets held by you or ported by you to your accounts, and any private keys to the digital asset Wallets you hold.
  6. The use of the Services and these Terms, are not intended to, and do not, create or impose any fiduciary duties on the Company. To the fullest extent permitted by law, you acknowledge and agree that the Company owes no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist under applicable law, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that the Company owes you are those set out expressly in these Terms.
  7. ChainPort’s Supportable Tokens are not issued by Company, nor does the Company control the smart contracts that manage the supply of the Supportable Tokens.
  8. When integrating Supported Tokens into ChainPort, the Company only examines technical aspects of such tokens for compatibility purposes.  
  9. The Company does not review, examine, analyze or perform any due-diligence process of, nor does it offer any advice, recommendation or information regarding, the Supported Token’s issuer, team or affiliates, nor such token’s use, utilities, rights, legal or regulatory status, financial or economical attributes, or any other aspects whatsoever.  
  10. The issuers of each Supported Token are independent, unrelated third parties and any interaction and/or transacting with them is at your own risk and responsibility, after exploring and understanding the applicable terms governing their operation, activity and the specific services, utilities or rights they are offering, including with respect to the tokens issued by them.
  11. The Company shall bear no responsibility or liability with regard to any Supported Token, other than with respect to ChainPort’s operations alone.  

PORX Token

The PORTX token is ChainPort's utility token. PORTX holders can stake their tokens to pay discounted porting fees and earn a portion from the collected porting fees, and PORTX taxable mechanism, forever. For the terms applicable to the uses of PORTX token, see below.  

Service Fees

  1. The use of certain Services on ChainPort is subject to fees, set in part to cover the expenses related to conducting operations and executing transactions on the blockchain, as required by the applicable chain/protocol.       
  2. Porting Fee: The fee for porting tokens through ChainPort is derived from the volume of the porting transaction you wish to execute through the system, and calculated as a percentage of the value of the tokens you wish to port (“Porting Fee”).
  3. The Porting Fee may be updated from time to time by the Company at its sole discretion, and shall be published by the Company on the Website.
  4. You acknowledge that part of the Porting Fee is used by ChainPort to cover the costs related to executing the porting transaction on both the Effective and Target Chains, at such rates and amounts determined by the applicable protocol. Such amounts may vary according to the Porting transaction’s specifications, the type of tokens involved and the applicable blockchains involved. 
  5. ChainPort system calculates the Porting Fee for each porting transaction you wish to initiate automatically and integrates the Porting Fee in such transactions, so you may view it in your Wallet and approve it as part of your approval of each and any porting transaction. If you do not wish to pay or do not approve the applicable Porting Fee, do not approve the porting transaction.       
  6. The Porting Fee could be paid is several methods: 
  • Payment using the Ported Token: The most basic method for paying the Porting Fee is by using the Supported Token you wish to port through ChainPort. ChainPort will automatically calculate the applicable amount out of the total amount of tokens to be ported, dedicate them from the actual amount of tokens ported, and use them to cover the Porting Fee (as an example, if the Porting Fee is 3%, and you wish to port 100 tokens, then 3 tokens will be used to cover the Porting Fee and 97 tokens will be ported to the Target Chain).     
  • Payment using PORTX Tokens: You can choose to use PORTX Tokens to cover your Porting Fees. Currently, payment by using PORTX Tokens will enable the user to have access to a discounted Ported Fee, as detailed and updated from time to time on the Website. In order to pay Poring Fees with PORTX Tokens, you must first stake your PORTX Tokens as detailed in https://app.chainport.io/stakeportx. If you choose to pay with PORTX Tokens, the applicable amount of your staked PORTX shall be reduced and transferred from your staked PORTX balance. 
  • Payment using Effective Chain's Native Token (the one used to pay the transaction fees on the Effective Chain): You can choose to pay Porting Fees using the Effective Chain’s applicable native token (as an example, for porting an ERC-20 token from Ethereum, the user can pay the fee in ETH, or porting from Polygon using Matic for the fee) (“Native Token”). To do so, you must hold a sufficient balance of the Native Token in your Wallet, out of which the applicable amount shall be transferred from your Wallet. 
  1. In case you choose to pay the Porting Fees using either PORTX Tokens or Native Tokens, ChainPort will automatically calculate the relative amounts based on the quoted exchange rate of the tokens you wish to port, and the token used for paying the Porting Fee, integrate them in the Porting transaction displayed by your Wallet, and subjected to your approval. The said quotes will be taken from the same source, which will be a leading application used to provide quoted prices for tokens.   
  2. You further acknowledge that certain blockchains, such as CARDANO, require a transaction to include unique features such as sending part of the blockchain’s transaction fee to the recipient's wallet. In such cases Chainport shall automatically calculate and configure such elements into the Porting transaction.  
  3. You hereby represent and acknowledge that the Company has no control or any other connection to the transaction fees for each protocol which are independently determined by such blockchain’s operators or protocol.  

Access to Service

It is your responsibility to ensure your computer or mobile device meets all the necessary technical specifications to enable you to access and use the Services. The Company does not provide you with the equipment to access and/or use our Services. You are responsible for all fees charged by third parties related to your access and use of the Services (e.g., charges by internet service providers or air time charges).  

License

Subject to your agreement and compliance with these Terms, The Company grants you a personal, non-exclusive, non-transferable, non-sub-licensable, revocable, limited scope license to access the Website and use the Services. You hereby acknowledge that your license to use the Services is limited by these Terms, and, if you violate or if, at any point, you do not agree to any of these Terms, your license to use the Services shall immediately terminate, and you shall immediately refrain from using the Services. If the Services or any part thereof is determined to be illegal under the laws of the country in which you are situated, you shall not be granted any license to use the Services, and must refrain from using the Services.  

Rules of Conduct and Usage

You represent and warrant that you have full right and authority to use the Services and to be bound by these Terms. You agree that you will comply fully with these Terms and all applicable domestic and international laws, regulations, statutes, ordinances that govern your use of such Services. Without limiting the foregoing and in recognition of the global nature of the internet, you agree to comply with all local and international rules regarding online conduct. You also agree to comply with all applicable laws affecting the transmission of content or the privacy of persons. 

You undertake that you shall not defraud, or attempt to defraud, The Company or other users, and that you shall not act in bad faith in your use of the Services. If The Company determines that you do act in bad faith and/or in violation of these Terms, or if The Company determines that your actions fall outside of reasonable community standards, The Company may, at its sole discretion, prohibit you from using the Services. You agree that your use of the Services shall be lawful and that you will comply with the usage rules. In furtherance of the foregoing, and as an example and without limitation, you agree that you shall not:

  1. Access the Website or use Services if you are barred from doing so under the provisions of these Terms or any applicable law;
  2. Use or apply in connection with the Services or Website any spyware, adware, or other malicious programs or code; 
  3. Perform in connection with the Website or Services any unsolicited mass distribution of email, or any illegal subject matter or activities; 
  4. Engage in activities that violate The Company's Privacy Policy; 
  5. Infringe any right of any third party or violate any applicable law or regulation;
  6. Copy, rent, lease, sell, transfer, assign, sublicense, disassemble, reverse engineer or decompile, modify or alter any part of the Services and/or Website;
  7. Improperly use support channels or complaint buttons to make false reports to The Company;
  8. Encourage any third party to: (1) directly or indirectly generate usage, queries, impressions, or clicks through any automated, deceptive, fraudulent or other invalid means; (2) engage in any action or practice that reflects poorly on The Company or otherwise disparages or devalues The Company's reputation or goodwill; 
  9. Violate any applicable laws or regulations, or encourage or promote any illegal activity including, but not limited to, invasion of privacy, identity theft, hacking, or cracking;
  10. Manipulate the value or tradability of Supported Tokens, or otherwise affect the ability of others to use the Supported Tokens;   

Intellectual Property Ownership

The Company and/or its affiliates retains all rights in the Services materials (including, but not limited to, applications, software, designs, graphics, texts, information, pictures, video, sound, music, and other files, and their selection and arrangement) (collectively, “Service Materials”). The entire contents of the Services are protected by applicable copyright, trade dress, patent, and trademark laws, international conventions, and other laws protecting intellectual property and related proprietary rights. You shall not, nor shall you cause any other party to modify, decompile, disassemble, reverse engineer, copy, transfer, create derivative works from, rent, sub-license, distribute, reproduce framed, republish, scrape, download, display, transmit, post, lease or sell in any form or by any means, in whole or in part, use for any purpose other than for using the Services pursuant to these Terms or otherwise exploit any of the Service Materials without The Company' explicit, prior written consent. All uses of copyrighted or trademark material, including any derivative use, require explicit, prior written consent from The Company. Any reproduction or redistribution of materials not in accordance with these Terms is explicitly prohibited and may result in severe civil and criminal penalties. Without derogating from the generality of the foregoing, the use of automated systems or software to extract data from this website or application for commercial purposes (scrapping), is strictly prohibited.

The Company and/or its licensors and affiliates own all right, title, and interest, including copyrights and other intellectual property rights, in and to all the Service Materials. You hereby acknowledge that you do not acquire any ownership rights by using the Services or by accessing any of the Service Materials, or rights to any derivative works thereof. 

You are not required to provide The Company with any feedback or suggestions regarding the Services or any Service Materials. However, should you provide The Company with comments or suggestions for the modification, correction, improvement or enhancement of the Services and/or any Service Materials, then, subject to the terms and conditions of these Terms, you hereby grant The Company a non-exclusive, irrevocable, worldwide, royalty-free license, including the right to sublicense, to use and disclose such comments and suggestions in any manner The Company chooses and to display, perform, copy, have copied, make, have made, use, sell, offer to sell, and otherwise dispose of The Company' and its sublicensees' products and content embodying such comments or suggestions in any manner and via any media The Company chooses, but without reference to the source of such comments or suggestions. 

Disclaimer of Warranty; Limitation of Liability

The content on the website is strictly for informational purposes. the company expresses no opinion as to the future or expected value of any currency, crypto asset (including PORTX token) or other interest. the company does not explicitly or implicitly recommend or suggest the purchase of any currency, crypto asset (including PORTX token) or other interest nor any investment strategy of any kind. 

NOTHING ON OR IN THE WEBSITE SHALL CONSTITUTE OR BE CONSTRUED AS AN OFFERING OF ANY CURRENCY, CRYPTO ASSET OR ANY FINANCIAL INSTRUMENT.

To the maximum extent permitted by law, the Site and the Services (and any of their content or functionality) provided by or on behalf of us are provided on an “AS IS” and “AS AVAILABLE” basis, and the Company, its affiliates, officers, directors, employees, consultants and agents (the “Company Group”) expressly disclaim, and you hereby waive, any representations, conditions or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including, without limitation, the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Website or the Services (including any related data) will be uninterrupted, available at any particular time or error-free. Further, we do not warrant that errors in the Site or the Service are correctable or will be corrected.

You acknowledge that your data on the Site or through the Services may become irretrievably lost or corrupted or temporarily unavailable due to a variety of causes, and agree that, to the maximum extent permitted under Applicable Law, we will not be liable for any loss or damage caused by denial-of-service attacks, software failures, viruses or other technologically harmful materials (including those which may infect your computer equipment), protocol changes by third-party providers, Internet outages, force majeure events or other disasters, scheduled or unscheduled maintenance, or other causes either within or outside our control.

The disclaimer of implied warranties contained in these Terms may not apply if and to the extent such warranties cannot be excluded or limited under the Applicable Law of the jurisdiction in which you reside.

Assumption of Risks; Indemnification

You agree that your use of the Services shall be at your sole risk. The Company assumes no liability or responsibility, and you hereby release the Company from liability or responsibility, for any:

  1. Errors, mistakes, inaccuracies, non-suitability or non-conformity of any content including without limitation content related to linked application such as Scatter; Any such content is under the responsibility of the applicable content provider;
  2. Direct, indirect, special, incidental, punitive or consequential damages including without derogating personal injury, property damages and/or monetary damages, of any nature whatsoever, arising out of the use of or the inability to use the Services;
  3. Any unauthorized access to or use of The Company' secure servers and/or any and all personal information and/or financial information stored therein;
  4. Any interruption or cessation of transmission to or from the Services;
  5. Any bugs, viruses, Trojan horses, or the like which may be transmitted to or through the Services by any third party; or
  6. Any errors or omissions in any content or for any loss or damage of any kind incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available via the Services. 

Without derogating from the abovementioned, in no event will the Company Group, be liable to you or any third person for any special, direct, indirect, incidental, special, punitive, or consequential damages whatsoever including any lost profits or lost data arising from your use of the Services, or inability to use the Services, or other materials on, accessed through or downloaded from the Services, whether based on warranty, contract, tort, or any other legal theory, and whether or not the Company has been advised of the possibility of these damages. The foregoing limitation of liability shall apply to the fullest extent permitted by law in the applicable jurisdiction. You specifically acknowledge that The Company shall not be liable for any User submissions and/or defamatory, offensive and/or illegal conduct by any third party, and that the risk of harm or damage from and/or associated with the foregoing rests entirely with you. 

You agree to indemnify and hold the Company Group, harmless from and against any loss, liability, claim, demand, damages, costs and expenses, including reasonable attorney's fees, arising out of or in connection with any of the following: 

1. Your use of and access to the Services;

2. Your violation of any term of these Terms;

3. Your violation of any third party right, including without limitation any copyright, property, or privacy right;

4. Any claim that any User submission made by you has caused damage to a third party;

5. Any User Content you post or share on or through the Services

If you are dissatisfied with the Services, or with these terms, or you have any dispute with The Company, your sole and exclusive remedy is to discontinue using the Services.

Third Party Materials and Services

You may be able to access, review, display or use third party services, resources, content, information or links to other World Wide Web sites or resources, including with connection to your Wallet, Target Chains and Supportable Tokens ("Third Party Materials") via the Services. You assume any and all risks arising from your access to, use of or reliance upon any such Third Party Materials, and The Company disclaims any liability that you may incur arising from your access to, use of or reliance upon such Third Party Materials through the Services. You acknowledge and agree that The Company: (a) is not responsible for the availability, accuracy integrity, quality or lawfulness of such Third Party Materials or the products or services on or available from such Third Party Materials; (b) has no liability to you or any third party for any harm, injuries or losses suffered as a result of your access to or use of such Third Party Materials; and (c) does not make any promises to remove Third Party Materials from being accessed through the Website and Services. Your ability to access or link to Third Party Materials or third party services does not imply any endorsement by The Company of Third Party Materials or any such third party services. 

These Terms do not authorize you to, and you may not use any Third Party Materials except as expressly permitted by the owners of such Third Party Materials and such owners may have the right to seek damages against you for any unauthorized use of their Third Party Materials. 

Without derogating from any of The Company' rights and remedies under these Terms and/or under law, The Company will be entitled, at its sole discretion, to immediately discontinue the Services or any part thereof, in the event of any alleged infringement, misappropriation or violation of any rights of any third parties in connection with the Third Party Materials. 

You may not use any Third Party Materials for which you have not obtained appropriate approval to use. The Company cannot grant permission to use third party content. 

You acknowledge and agree that The Company 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 use of or reliance on any such content, goods or services available on or through any such site or resource.

Dispute Resolution; Jurisdiction

Dispute Resolution; Arbitration Agreement

If you have any dispute or claim arising out of or relating in any way to the Website, Services or these Terms, you must send an email to finance@chainport.io to resolve the matter via an informal, good faith negotiation process. If that dispute or claim is not resolved within 60 days of sending such an email, then you agree that all unresolved disputes or claims shall be finally and exclusively settled by arbitration administered by the London Court of International Arbitration under the LCIA Arbitration Rules in force at the time of the filing for arbitration of such dispute. 

The arbitration shall be held before a single arbitrator and shall be conducted in the English language on a confidential basis. Any award made by the arbitrator may be entered in any court of competent jurisdiction as necessary. This section shall survive termination of these Terms, the Interface, or any connection you may have to the information you obtained from the Interface.

Class Action and Jury Trial Waiver

You agree to bring all disputes or claims connected to the Interface in your individual capacity and not as a plaintiff in or member of any class action, collective action, private attorney general action, or other representative proceeding. Further, you irrevocably waive the right to demand a trial by jury.

Governing Law

You agree that the laws of Saint Vincent and the Grenadines, without regard to the principles of conflict of laws, govern these Terms.

ADDITIONAL TERMS FOR PROJECTS:

These terms are additional to the general Terms and Conditions FOR PROJECTS: 

Project is responsible for complying with all laws and regulations applicable to your transactions, including, but not limited to, the Commodity Exchange Act and the regulations promulgated thereunder by the U.S. Commodity Futures Trading Commission (“CFTC”), the Bank Secrecy Act and the regulations promulgated thereunder by the Financial Crimes Enforcement Network (“FinCEN”), and the federal securities laws and the regulations promulgated thereunder by the U.S. Securities and Exchange Commission (“SEC”).

Project confirms its approval to use ChainPort for the porting of Project’s Supported Tokens, and further warrants and represents that: (1) any Supported Tokens sent to the Native Port Contract will be treated by the Project as effectively disabled and removed from active circulation on the Native Chain disabled; and (2) the ported Supported Tokens on the Target Chain will be treated as Project tokens on the Target Chain for all purposes and respects.  To the extent controlled by the Project, all circulating Supported Tokens relating to the Project, both on the Native Chain and Target Chain, shall have the same utilities and grant their users the same rights, and the Project shall not make any action, directly or indirectly, that shall cause (or may cause) any differentiation, including in value, between the circulating Supported Tokens on the Native Chain and Target Chain.

Without derogating from any other provision set in these Terms, the Project hereby represents and warrants the following:

1. Project has the legal right and authority to accept these Terms and be bond by them;

2. Project will comply with all applicable legal and regulatory requirements applying to the operation of its business (including with regard to the Project’s Token and Smart Contract) and has the sole control over the Project’s Smart Contract;

3. Project has all necessary know-how, expertise and experience to understand and accept these Terms;

4. Project confirms that it is the Project’s interest that the Services are provided with respect to the Project’s tokens and that the Project may benefit from such Services. Project acknowledges that any of its representations, warranties or commitments under these Terms are crucial for the successful provision of the Services and the operation of ChainPort. The Project shall not take any action or omit to take any action in a malicious manner, or in a way that may cripple or limit ChainPort’s operation. 

STAKING TERMS:

PLEASE READ THESE TERMS REGARDING THE STAKING OF PORTX TOKENS CAREFULLY BEFORE CONFIRMING YOUR INTENT TO BE BOUND BY IT (“STAKING TERMS”). IF YOU DO NOT AGREE TO THESE TERMS, DO NOT STAKE TOKENS.

THESE STAKING TERMS FORMS AN INTEGRAL PART OF CHAINPORT’S GENERAL TERMS OF USE FOR USING ALL SERVICES PROVIDED THOROUGH CHAINPORT, WHICH ARE INCLUDED HEREBY BY REFERENCE.

These Staking Terms specify the terms under which you may stake your PORTX Tokens and receive a probable ability to earn staking rewards and benefits, in different capacities (“PORTX Staking”). If you do not agree to be bound by these Staking Terms, please do not use or access PORTX Staking. Please read these Staking Terms (along with the general ChainPort Terms) carefully before staking your PORTX Tokens. By doing so or otherwise manifesting assent to this Agreement, you agree to be bound by these terms of these Staking Terms. 

DEFINITIONS. The definitions for some of the defined terms used in this Agreement are set forth below (terms not specifically defined herein shall have the meaning ascribed to them in the Terms):

“Effective Date” means, for each Staking transaction, the date that you stake your PORTX Tokens.

“Staking Rewards” means any rewards that one actually receives for the Staking of your PORTX Tokens, if at all. Staking Rewards shall not include the uses of the PORTX Tokens (such as a means to access Services and payment of Porting Fees), as shall be made available from time to time.   

“Staking” means activating a “staking” function with respect to PORTX Tokens being transferred to a particular Staking smart-contract account on the blockchain. Staked tokens will be sent and held by the applicable smart contract, until released by the same account that executed Staking in the first place. 

1. PORTX Staking

ChainPort offers you an interface to the blockchain through which you may execute Staking transactions of your PORTX Tokens. Using the Services, You can make commands, such as stake, claim (of the unclaimed outstanding balance of any Staking  Rewards) and un-stake (of the Staked tokens).

Please note that you must execute all transactions using the same account you have originally used for the Staking.  

The applicable effective terms regarding Staking and/or Staking Rewards requirements shall be as made available in the Website (https://app.chainport.io/stakeportx). Company reserves the right, at is sole and complete discretion, to:

A. Set a maximum or minimum number of PORTX Tokens you may Stake using the Services;

B. Set a minimum requirement for the number of PORTX TOKENS you must Stake and/or a minimum Staking duration, in order for you to qualify for Staking Rewards;

C.Limit, or set other criteria regarding the durations, or occasions on which you may Stake or un-Stake your PORTX Tokens;

D. Change, update, increase or decrease and/or cancel the Staking Rewards, or any part thereof.

Any use of the Staking Services shall require you connecting your Wallet. We have no access to your Wallet nor any control over its use, nor does it have any access to the tokens you have Staked through your Wallet and the Services. Accordingly the Company has no liability whatsoever regarding the use of your Wallet or your Staked tokens.

You acknowledge and accept that you are solely responsible for the security of your Wallet and for any use of the Services through your Wallet, including Staking. The Company will not be liable or accountable, nor shall be deemed to have any liability or accountability, for any loss or damage regarding your failure to keep your Wallet information secret and protected.

2. Paying Porting Fees With Staked PORTX Tokens.

If you choose to pay your applicable Porting Fees with PORTX Tokens, ChainPort will calculate the applicable amount of PORTX Tokens required, and present the relevant information in the transaction data presented in your Wallet. Once you approve such a transaction (at your sole discretion and control) the applicable amount of PORTX Tokens will be un-Staked from your Staked PORTX Token balance, and used to cover the Porting Fee. Accordingly, you acknowledge and agree the amount of your Staked PORTX Tokens will reduce in correlation to the Porting Fees paid with such Tokens.   

3. You have sole responsibility regarding any tax requirements, reports or payments applicable with regard to your Staking of PORTX Tokens and any Staking Rewards received, if at all.

4. Calculation and distribution of Staking Rewards.

As may be applicable from time to time, subject to the terms hereof, ChainPort shall calculate and make available to you, your applicable Staking Rewards directly attributable to your staked PORTX Tokens you may be entitled to receive. The applicability and calculation parameters of Staking Rewards: (i) shall be posted on the Website; (ii) vary by the amount staked, and (iii) remain subject to change as set under these Staking Terms; Unless otherwise set forth on the Website, all distributions to you shall be in PORTX Tokens.

Any transfer of Staking Rewards to you shall be made directly to the corresponding Wallet which was used with the Staking through the Services.

5. THE COMPANY MAKES NO REPRESENTATION OR WARRANTY WITH REGARD TO ANY PROJECTION, ESTIMATED OR ACTUAL BENEFITS, RETURN, YIELD, OR ANY OTHER PROFIT WHICH MAY ARISE FROM THE STAKING PORTX TOKENS, INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO QUANTITIES, VALUE OR RATES, AND/OR THE FACT THAT ANY RETURNS SHOULD BE EXPECTED OR RECEIVED AT ALL.

6. Term of Staking Terms

The term of these Staking Terms will commence and remain effective as long as you Stake PORTX Tokens, and will terminate automatically once you no longer Stake any PORTX Tokens.

7. No Warranties regarding Estimated or Projected Staking Rewards.

You agree and accept that any estimated or projected reward yield displayed, suggested or calculated on the Website, or using information displayed on the Website, is an estimate only and not a guaranteed or promised actual reward. Accordingly, you accept and agree that the Company shall have no liability to The actual Staking Rewards you receive (if at all), and that they may not meet or be lower than estimated. 

Company does not promise or guarantee any Actual Yield or Staking reward. You agree that you have no legal right to the Staking rewards under any circumstances. Company has the sole right to stop the Staking Services without notice and to return the staked PORTX Tokens without rewards.

You hereby acknowledge that the amount of the Actual Yield reduces corresponding to the amount actually Staked in the applicable smart contract. Plainly, the higher the number of tokens Staked, the lower will be the amount of the rewards.

8. Unstaking PORTX Tokens.

You agree and accept that when you un-Stake your PORTX Tokens, the time it may take for such tokens to be transferred into your Wallet may vary, and is affected among the rest, by the capacity and specifications of the blockchain. Company shall not be liable for any losses caused by such time difference.