These Terms of Use (hereinafter referred to as "Terms of Use") are the mutual rights, obligations and responsibilities of service users (hereinafter referred to as "users") in using the wepin service (hereinafter referred to as "Service") provided by IoTrust Co., Ltd. (hereinafter referred to as "Company"), that are intended to stipulate matters.
Article 1 (Publication and Revision of Terms and Conditions)
(1) The company posts these terms and conditions on the initial screen of individual services or services provided by the company, or announces them in other ways. By using this service by a customer who has agreed to this, the user is deemed to have effectively agreed to the terms and conditions.
(2) Users must use the service according to the Terms of Use. If the user is a minor, the service can only be used with the consent of a parent or legal representative. In addition, when a user uses the service for a company, if the user agrees, the company is also deemed to have consented.
(3) When the company changes the terms and conditions, the date of implementation and the reason for the change are specified in detail and notified 7 days before the date of deployment. However, when changing the terms and conditions that are unfavorable to the user, it is notified 30 days prior to the effective date, and the user is notified individually through electronic means such as e-mail or notice in the service. However, if individual notification is difficult because the user did not provide contact information or did not modify it after the change, it is regarded as individual notification.
When the company announces or notifies the changed terms and conditions, if the user does not specifically express his or her intention to reject the change, the company has notified the user that if he or she does not express his or her intention to refuse by the effective date of the change, the user is deemed to have agreed to the change, assumes that the user has agreed to the changed terms and conditions. Users can stop using the service and terminate the use agreement if they do not agree to the changed terms and conditions.
Article 2 (Supplementary Provisions)
Any cases not specified in these Terms and Conditions shall be subject to the relevant laws or separate terms and conditions adopted by the Company from time to time. In the event of a conflict between these Terms and Conditions and the separate Terms and Conditions, the separate Terms and Conditions shall prevail over such conflict.
The relationship between the user and the company is governed by the laws of the Republic of Korea regardless of conflict of law provisions, and all claims, causes of action, and disputes between the parties arising out of the terms of the contract must be filed with the courts of the Republic of Korea.
Article 3 (Using Service and its Termination)
(1) Register third party social media account details (single sign-on (SSO) login) to use the service and authenticate users through a login process.
(2) If the user agrees to the Terms of Use when signing up for membership, membership registration is complete. However, the company may not approve the application for any of the following cases, or may terminate the use contract even after approval.
(3) When membership sign-up is completed through above paragraph (2), the user sets a PIN (personal password). When the PIN setting is completed, a personal wallet is created and user can use the service afterwards. The company does not store any PIN information set by the user.
(4) Users must provide accurate information when registering information about themselves to use the service and always keep the information up-to-date. The company is not responsible for any loss caused by the user not updating the information of the service.
(5) Registered users may withdraw from the service at any time. If the user withdraws, the use contract is terminated immediately. When the termination of the use contract is completed, the company shows the user a mnemonic code that can derive the user's Master Key through the wallet backup process on the screen. Users must keep the mnemonic code displayed on the screen for safe asset management. Upon completion of this wallet backup process, the company immediately deletes and does not retain the user's information and all data.
(6) If the social accounts linked to the user's service becomes unable to use the service due to permanent suspension, etc., secures and refunds for cryptoasset such as coins, tokens, and NFTs cannot be processed. The company does not take any responsibility for any disadvantages caused by this.
(7) If the user's login e-mail account is deleted for any reason, the user cannot receive important information such as PIN hint information, so the e-mail registered for SSO login must be a valid account.
(8) Depending on the third party social media account that user chooses and the privacy settings of user’s account, the personal information user posts at own third party account (such as user’s name and picture) may be used for user’s account at the Services.
Article 4 (Duties and Responsibilities of Company)
(1) The company does not act against the relevant laws and these terms and conditions or violates common sense, and strives to provide the service continuously and reliably.
(2) The company may provide users with software updates necessary to use the service when new functions are provided or unnecessary functions are removed.
(3) The company may restrict access to all or part of the service according to conditions the company deems necessary, such as age and membership qualifications. The company reserves the right to modify or discontinue all or part of the service at any time at its discretion without prior notice to the user.
(4) The company is not responsible for the failure of users to obtain or lose the expected profits by using the service.
(5) Since the Company has no control over the blockchain, the Company does not guarantee that transaction details submitted or received by users through the Service will be verified on the blockchain, and cannot facilitate cancellation or correction requests.
(6) The market price information for coins, tokens, and cryptoasset provided by the service is based on the market price provided by third-party services or third-party exchanges, and market price errors may occur depending on the time of access and network conditions. The company does not take any responsibility for what may happen depending on the market price information.
(7) The company cannot access the user's original private key information, and cannot unilaterally initiate the transfer of cryptoasset or access the user's cryptoasset. The company is not responsible for the activities that the user engages in when using the user's wallet, and the user is fully responsible for the initiation of any transfer initiated through the user's wallet, and the company has no involvement in the initiation of the transfer, and hereby the company has no involvement in the initiation of any transfer All representations, warranties, claims or warranties are disclaimed.
(8) Once the transaction details are submitted to the blockchain, the company cannot support cancellation and modification of the transaction details.
(9) The Company is not responsible for any inherent risks associated with blockchain technology, including any design or implementation flaws that affect the operation of the blockchain. The Company makes no guarantees regarding the functioning of the governance or control mechanisms of the blockchain, which may lead to delays, conflicts of interest or operational decisions that are unfavorable to certain owners of cryptoasset in particular.
(10) The company does not guarantee the security of the blockchain. The Company shall not be liable for hacking, double spending, theft of cryptoasset or other attacks on the blockchain, including, but not limited to, a number of attacks that allow countries or other companies with sufficient computing power to control and manipulate records on the blockchain. is not responsible).
(11) The company is not responsible for any hacking, malicious attempts or phishing scams to access your wallet through a company link, email address or phone number.
Article 5 (Duties and Responsibilities of User)
(1) Users must not use the service in the following ways.
(2) If a user falls under any of the above subparagraphs, the company may stop providing services to the user or terminate the user's right to use the service.
(3) Users must use the service at their own risk, and the user is responsible for all actions performed on the service and the results thereof. The company may take necessary and appropriate measures if the company recognizes that the user is using the service in a way that is in violation of these terms and conditions. However, the Company assumes no responsibility to prevent or correct any such breach.
(4) User (a) has the necessary technical expertise, competence to review and evaluate the security, integrity and operation of your Wallet; (b) has the knowledge, experience, and expertise to determine legal compliance requirements based on a legal understanding of wallet usage (c) recognizes, understands and accepts the risks associated with your wallet (d) is generally responsible for accepting the risks associated with cryptoasset and conducting an independent analysis of the risks associated with cryptoasset. Users also assume and agree that the company assumes no responsibility for such risks. User hereby waives and releases all claims in relation to the foregoing against companies and their affiliates, known and unknown to user, and respective shareholders, members, directors, officers, employees, agents and representatives.
(5) If the company suffers direct or indirect damage (including attorney's fees) due to the use of the service (including cases where the company receives a claim for compensation from a third party), the user must immediately compensate the company at the request of the company.
(6) The responsibility for managing the user's PIN number lies with the user, and should not be used by a third party.
(7) User acknowledges and agrees that the security of the wallet and cryptoasset may be compromised due to the loss or deletion of the SSO account and the leakage of the PIN number, and that the cryptoasset may result in loss.
(8) Company is not responsible if another person accesses the user's personal information or SSO account, enters the PIN number, and approves the transaction. User must be careful not to be stole his/her personal information and SSO account, and if stolen, he/she must immediately report it to the company. The company may regard all actions performed using the registered PIN number as the user's own actions.
(9) Company is not responsible for any damages incurred to members due to the loss, theft or disclosure of access information such as the user's PIN password. However, this is not the case if the company intentionally or negligently.
Article 6 (Provision of Service etc.)
(1) Company provides the following services to users.
(2) Company may temporarily suspend the provision of services in the event of maintenance, replacement, or breakdown of information and communication facilities such as computers, loss of communication, or significant operational reasons.
(3) Company may conduct regular inspections if necessary to provide the service, and the regular inspection time is as announced on the service provision screen. In addition, during periodic inspections, some or all of the service use may be restricted, and unless the company intentionally or negligently, we are not responsible for any damages caused therefrom.
(4) Service allows user to send NFTs, including cryptoasset user has, to an external account address. The user is responsible for the accuracy of the external account address provided by the user, and the company is not responsible for any damage caused by sending cryptoasset or NFTs to the external account address incorrectly entered by the member.
(5) Company shall not be held liable for any problems in which some or all of the functions in the service are restricted due to failure or inspection of a third party's service linked to the service, unless there is intention or negligence on the part of the company. In this case, the member is notified or notified of the fact.
(6) User should pay special attention to using non-supported wallets, exchanges, and NFT transmission services between networks.
(7) User understands that transaction fees on each chain may occur when transferring cryptoasset, transferring NFTs, and executing contracts.
(8) While company makes reasonable efforts to update the information on the services, company makes no representations, warranties or guarantees, express or implied, that the content on the services is accurate, complete or up-to-date.
(9) Company shall not be liable for any damages if the service cannot be provided due to natural disasters or equivalent national emergencies.
(10) As a service provided by a third party service provider, all responsibilities regarding the use belong solely to the user. The company is not responsible for any losses incurred while using third party services.
Article 7 (Intellectual Property)
Any material displayed, performed or made available on the service, including but not limited to text, graphics, data, photographs, images and illustrations used on the service (collectively "Content"), is protected under copyright and other intellectual property laws. User (a) commits to comply with all copyright notices, trademark rules, information and restrictions contained in any content that user accesses through the services (b) will not use, copy, reproduce, modify, translate, publish, broadcast, transmit, distribute, perform, upload, display, license, sell, commercialize or otherwise use any Content not owned by you for any purpose (c) does not use without the prior consent of the content owner or in a manner that infringes the rights of others (including the company).
Article 8 (Ways to Contact)
When the company contacts users in relation to the service, the company posts it in an appropriate place on the website or app operated by the company, or uses other methods the company deems appropriate. When a user contacts the company in relation to the service, the user must send it through the customer inquiry page provided in the appropriate location of the website or app operated by the company, or other methods specified by the company.
Article 9 (Governing Law)
(1) Disputes arising between users and the company in relation to the terms of use and services shall be governed by the procedures set forth in the Civil Procedure Act of the Republic of Korea.
(2) For users who have an address or residence abroad, the Seoul Central District Court in the Republic of Korea shall be the competent court for litigation regarding disputes between the company and users.
Date of announcement: March 1, 2023 Effective Date: March 1, 2023