Qtum Wallet Service Agreement

This Qtum Wallet Service Agreement (“this Agreement”) is entered into by you (“you” or “User”) and Qtum Chain Foundation (“Qtum” or “we”) and is legally binding on you and Qtum.

Before using the Qtum Wallet (“Qtum Wallet” or “This APP”), we suggest that you carefully read the full content of this Agreement and other documents mentioned in this Agreement. By downloading the Qtum Wallet and starting to create or import wallet, you agree that you have read and accepted all of the terms and conditions contained in this Agreement, which shall cause this Agreement to become effective and legally binding to both you and Qtum immediately.

Qtum may, at its sole discretion, modify or replace this Agreement at any time. The modified Agreement will automatically take effect once it is posted in the Qtum Wallet, and you will not be notified separately. Your use of Qtum Wallet after any modification to this Agreement constitutes your acceptance of this Agreement as modified. If you do not agree with the modifications, you shall cease to use the Qtum Wallet immediately.

A. Definition

Qtum Wallet: this refers the blockchain wallet developed by Qtum based on the Qtum blockchain system and other supporting tools which are developed for the convenience of the Users when using blockchain systems.
User: a User must be a natural person who acts in conformity with local regulatory requirements within applicable jurisdiction, reaches the legal age of using the Qtum Wallet and is able to assume legal or monetary obligations arising from using the Qtum Wallet.
Create or import Wallet: means you use the Qtum Wallet to create or import a Wallet.
Wallet Password: this refers to the password you set when you create Qtum Wallet. The Wallet Password will be used to encrypt and protect your Private Key.
Private Key: consists of 256 random bits. Private Key is the core for the User to hold and use the Tokens.
Public Key: is derived from the Private Key based on cryptography and is used to generate wallet addresses. A wallet address is a public address for the receiving of Tokens.
Mnemonic Words: consists of 12 words which are randomly generated, and it is based on BIP39, the industry standard of blockchain. It is a human-readable format of words to back up your Private Key for recovery.
Tokens: means the tokens which are supported by the Qtum Wallet currently, including but not limited to QTUM.

B. Risks

You understand and acknowledge that blockchain technology is a field of innovation where the laws and regulations are not fully established. You may be faced with material risks including instability of technology or failure of Tokens redemption. You shall make investment decisions and hold or dispose of the Tokens in a reasonable way and corresponding to your financial status and risk preferences.

C. Services

Create or import a Wallet. You may use the Qtum Wallet to create a new wallet or import wallets generated by other wallet applications.
Transfer or receive Tokens. You may manage your digital Tokens by using the transfer and receiving functionalities of the Qtum Wallet. The actual transfer and receiving of Tokens happen on the blockchain system (instead of in the Qtum Wallet). You may be subject to daily limits on the amount and times of transfers according to your location, regulatory requirements, network limits, transferring purposes, risk control by the Qtum Wallet, or identification verification. You understand that blockchain operations are “irrevocable”. When you use the Qtum Wallet to transfer Tokens, you shall be responsible for the consequences of your mishandling the transfer (including but not limited to wrong addresses, wrong amounts, problems of the node servers selected by you).
Manage Tokens. You may use the Qtum Wallet to add, manage, or delete the Tokens supported by Qtum Wallet.
Transaction records. We will copy all or part of your transaction records from the blockchain system. However, Users shall refer to the blockchain system for the latest transaction records.
Change, suspension, restriction, or termination of service. You understand that under certain circumstances, we may change, suspend, restrict, or terminate the functions of the Qtum Wallet used by a particular User. You are entitled to export your wallets within a reasonable amount of time if Qtum changes, suspends, or terminates its services.
Other services that Qtum would like to provide.

Users who accept the services mentioned above provided by Qtum must understand that: Users shall take care of their mobile devices, Wallet Password, Private Key, Mnemonic Words, and Keystore by themselves. Qtum does not store or hold the above information for Users. You shall be responsible for any risks, liabilities, losses, and expenses that result from fraud, the loss of your mobile devices, disclosing (whether actively or passively) or forgetting the Wallet Password, Private Key, Mnemonic Words, or your wallet being attacked.

D. Your Rights and Obligations

Create or import wallet. You are entitled to use Qtum Wallet on your mobile devices to create and/or import wallet, set Wallet Password, and use your wallet to transfer and receive Tokens on the blockchain.
Identification verification. If Qtum Wallet reasonably deems your operation or transaction to be abnormal, or considers your identification to be abnormal, or considers your identification to be doubtful, or Qtum Wallet considers it necessary to verify your identification documents or other necessary documents, you shall cooperate with Qtum Wallet and provide your valid identification documents or other necessary documents and complete the identification verification in time.
Compliance. You understand that you shall abide by relevant laws, regulations, and policies when you use the Qtum wallet. You shall not use the Qtum Wallet to commit any illegal or unlawful activities. You understand and accept that you shall be responsible for any violation of law or breach of this Agreement by you and shall indemnify Qtum against any losses, the third-party claims or administrative penalties against Qtum incurred by such violation or breach.
Gas and taxes. You need to pay gas when you transfer Tokens, the amount of which would be on your sole discretion and would be collected by certain parties within the blockchain system. Under some specific circumstances, your transfer of Tokens may fail due to an unstable network, but you may still be charged gas by the certain parties within the blockchain system. In addition, you shall bear all the applicable taxes and other expenses occurred due to your transaction on the Qtum Wallet.

E. Disclaimer and Limitation of Liability

Qtum shall not be held liable under the following circumstances:
1. Malfunction of Qtum Wallet resulting from system maintenance or upgrading of Qtum Wallet, or force majeure, such as typhoon, earthquake, flood, lightning, or terrorist attack, etc., or any other reasons not imputed to the Qtum Wallet;
2. Users who lose their mobile devices, delete Qtum Wallet and wallets without back-up, forget Wallet Passwords, Private Keys, Mnemonic Words, Keystores without back-up, unfamiliar with the knowledge of blockchain which results in the loss of their Tokens;
3. Qtum is unable to copy accurate transaction records due to system delay or blockchain instability etc..
If you download and install Qtum Wallet or other applications with the same name as “Qtum Wallet” from any unauthorized third party, Qtum cannot guarantee the normal operation or security of such application, any loss caused by using such application shall be borne by you.
A previous version of the Qtum Wallet may stop to operate after a new version is released. Qtum cannot guarantee the security, continuous operation, or services for the previous version. Users shall download and use the latest version.

F. Entire Agreement

This Agreement incorporated Qtum Wallet Service Agreement and other rules posted by Qtum from time to time.
If any provision of this Agreement is found by a court with competent jurisdiction to be invalid, the other provisions of this Agreement remain in full force and effect.
This English version and other translated versions of this Agreement (if any) are provided for the convenience of Users, and are not intended to revise the Chinese version of this Agreement. If there is any conflict between the Chinese version of this Agreement, the Chinese version shall prevail.

G. Intellectual Property Rights Protection

The Qtum Wallet is an application developed and owned by Qtum. The intellectual property right of any contents displayed in the Qtum Wallet (including this Agreement, images, archives, information, materials, trademarks or logos) are owned by Qtum or the third-party licensors. Users can only use the Qtum Wallet and its contents for the purpose of holding and managing their Tokens. In particular, without prior written consent from Qtum or the third-party licensors, no one shall use, modify, decompile, reproduce, publicly disseminate, alter, distribute, issue or publicly publish the above-mentioned applications and contents.

H. Governing Law and Dispute Resolution

The validity, interpretation, alteration, enforcement, dispute resolution of this Agreement and its revised versions shall be governed and construed in accordance with the laws of the Republic of Singapore.
If any dispute or claim in connection with this Agreement arises between you and Qtum, the parties shall first attempt to resolve the dispute or claim through amicable negotiations in good faith. If the dispute remains unresolved within 30 days after the commencement of negotiations, the parties shall submit the dispute to Singapore International Arbitration Centre for arbitration in Singapore.