By downloading Peace-wallet Mobile Light Wallet Applications and browsing the website, you acknowledge that:
- (1) any use of peace-wallet is subject to these Terms of Service;
- (2) you have carefully read, understand and agree with these Terms of Service;
- (3) you are of legal age and you are able to form legally binding contracts.
If you don’t agree with the Terms of Service (“Terms”), you cannot use peace-wallet. peace-wallet reserves
right to modify these Terms at any time and at our sole discretion. In case of any changes, we will change
date of the last update at the beginning of these Terms. Please check this page regularly for updates.
- 1.1. This agreement is between you ( ‘You’ or ‘Your’) and Jax Holdings OÜ (‘Peace Wallet’),
Peace Wallet is a Blockchain Platform which consists of a mobile application (‘Software’) and
__________ All of the services provided by Peace Wallet we identify in this document as
- 1.2. It’s your own responsibility to read the Terms of Service carefully before you start to use
2. Definitions and Services offered
Peace-wallet is an innovative cryptocurrency infrastructure, which consists of:
- 2.1. Peace Mobile Light Wallet Applications
Peace-wallet has created means for users to access and transfer ownership of virtual currency
(‘Cryptocurrency’), such as Bitcoins, Jax coins, Jaxnet coins. By entering into this agreement
You will receive a
license to use Peace-wallet Mobile Light Wallet Applications. You should only use the
Peace-wallet Mobile Light
Wallet Application if you are familiar with cryptocurrencies. We highly recommend learning the
basics of the
specific cryptocurrency that You plan on using the Peace-wallet Mobile Light Wallet Application
for, before running
- 2.1.1. You Own Your Private Keys
Peace-wallet does not store Your private keys, backup phrases or passwords (“Private
Information”) on its servers.
It is very important that You backup and save your Private Information. We urge you to write
down your backup phrase
and store it offline in two different places. If You lose Your Private Information, it will not
be possible for
Peace-wallet to recover it for You and You may lose access to Your Virtual Currencies.
Peace-wallet don’t have
access to your wallet, your funds, your transactions or any other information. If You do not
understand the above
paragraph then we strictly recommend that You learn more about Virtual Currencies before using
Mobile Light Wallet Applications. If you do not maintain a backup of your Peace-wallet data
outside of the Services,
you will not be able to access the Virtual Currency associated with your Wallet.
- 2.1.2. Transactions
The only authentic record of Virtual Currency transactions is the applicable Virtual Currency’s
Peace-wallet Mobile Light Wallet Applications provide functionality that allows You to send
transfer instructions. Peace-wallet does not guarantee that Your transactions will be delivered,
transaction from Peace-wallet Mobile Light Wallet Applications shall be added and stored in any
blockchain. You must ensure that Your transactions confirm to the applicable rules of the
Virtual Currency software.
There may be transaction fees (e.g. mining fees) associated with Your Virtual Currency
transactions that are
required by the virtual currency system You engage with. Peace-wallet shall not be responsible
for any losses You
incur due to transaction fees or losses that occur due to incorrectly set transaction fees (i.e.
too low or high).
Peace-wallet does not have access to Your transactions (or anyone else’s).
- 2.1.3. No Control Over Blockchains
Peace-wallet is not the creator of and does not have any control over any of the Virtual
Currencies that the
Peace-wallet and Mobile Light Wallet Applications allow You to use.
Your balance and actual transaction history are supported by each cryptocurrency block explorers
_________________________________ and etc.). All cryptocurrency rates available in the
application are supported by
- 2.1.4. Third Party Integrations
The Peace-wallet Mobile Light Wallet Applications contain libraries developed by third parties.
provide third-party libraries to You as part of the Peace-wallet Mobile Light Wallet
Applications solution but shall
not be considered to be the owner or licensor of the third-party libraries. Third-party services
are used for
in-wallet Virtual Currencies exchange operations and in-wallet buying Virtual Currencies
retains the exclusive right to add to, modify, or cancel the availability of any Third Party
- 2.2. In-wallet exchange operations.
By using the exchange within the wallet (‘Peace-wallet Exchange’), You agree with the Terms of
Use of the respective
third-party partner. Please refer to and respect the relevant third party licenses: Built-in
________________________-. Although the Peace-wallet Mobile Light Wallet Applications make it
easy to engage with
the integrated third parties, Peace-wallet shall not be responsible for any consequences
stemming from Your use of
third-party integrated services. If You need assistance with a third-party integration then You
should contact the
third-party along with contacting our support.
The estimated amount which is presented to You in the Wallet prior making an exchange is not
final. It can differ
from the final amount due to market fluctuations.
2.2.1. By using the service within the wallet for buying cryptocurrencies (‘Peace-wallet Buying
Peace-wallet Buying Crypto
refer to and respect
___________ payment processing is subject to local bank policies. Issuer banks may decline the
payment on their own
terms. For more information please consult __________ FAQ available here _______________
- 2.3. Loyalty Program. (If there is No loyalty program offered in Peace-wallet, we need to
remove this clause)
Peace-wallet is the sole owner and creator of Loyalty Program, which now consists of
3. Your Obligations
- You shall:
be of the age of majority in Your local jurisdiction; and,
be responsible for Your own Virtual Currency; and,
backup/write down Your Private Key and Backup Phrase and keep it private; and,
carefully guard Your Private Keys and Backup Phrase in case of usage Peace-wallet Mobile Light
and, ensure that Your device(s) are fully updated and do not contain viruses, malware or
- You shall not: violate any laws when using Peace-wallet Mobile Light Wallet Applications; or,
circumvent or attempt to circumvent the security measures Peace-wallet are using to protect
other accounts, computer
systems, or networks connected to the Peace-wallet Mobile Light Wallet Applications; or,
deposit Virtual Currency into addresses for tokens and/or coins that are not supported by the
Light Wallet Applications; or, use Peace-wallet in a manner likely to infer with other
Peace-wallet users or virtual
currency nodes (e.g. excessive API calls or network spam);
4. Limited Intellectual Property License
- This agreement licenses Peace-wallet services to You on a personal, non-exclusive, royalty-free,
worldwide-basis, for the purpose of managing virtual currencies. You are not permitted to
redistribute any of
Peace-wallet Services, modify any code or use any Peace-wallet content, including images and
text, as part of any
other software or project of any kind.
5. Specifically Disclaimed Risks
- Using Virtual Currency software necessarily entails many risks. Peace-wallet specifically
disclaims and shall have
no liability to You for the following risks:
Operating system failures (mobile or desktop); and,
Interactions between Your hardware, software, and the Peace-wallet; and,
Cloud backup software (e.g. certain Android distributions) may upload your private information
to third party
Malware, viruses or other malicious software on Your device that is able to take control of or
Communication delays between Your Peace-wallet Mobile Light Wallet Application and a node or
relay service for a
virtual currency (and vice versa); and,
Failure to achieve a certain market value/price for a virtual currency token, whether through a
or any other kind of transaction; and, theft of virtual currency tokens.
6. No Warranty
- Peace-wallet is provided to You at no cost, “as-is ” and without any warranty whatsoever, to the
permissible by law. Without limiting the generality of the foregoing, Peace-wallet does not
Peace-wallet is fit for Your purpose, even if You have previously provided notice of Your
intended purpose, and does
not warrant that Peace-wallet will operate in a bug-free manner.
7. Limitation of Liability
- IN NO EVENT WILL PEACE WALLET BE LIABLE TO YOU FOR: ANY LOST PROFITS, REVENUE OR DATA, INDIRECT,
SPECIAL, OR CONSEQUENTIAL DAMAGES, OR DAMAGES OR COSTS DUE TO LOSS OF PRODUCTION OR USE,
BUSINESS INTERRUPTION, OR
PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES ARISING OUT OF OR IN CONNECTION WITH THE SERVICES,
WHETHER OR NOT PEACE
WALLET HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND REGARDLESS OF THE THEORY OF
WHICH HAVE RESULTED FROM: (I) YOUR USE OF, OR CONDUCT IN CONNECTION WITH, OUR SERVICES; (II) ANY
UNAUTHORIZED USE OF
YOUR WALLET ADDRESS AND/OR PRIVATE KEY DUE TO YOUR FAILURE TO MAINTAIN THE CONFIDENTIALITY OF
YOUR WALLET; (III) ANY
INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICES; OR (IV) ANY BUGS, VIRUSES,
TROJAN HORSES, OR THE
LIKE THAT ARE FOUND IN THE PEACE WALLET SOFTWARE OR THAT MAY BE TRANSMITTED TO OR THROUGH OUR
SERVICES BY ANY THIRD
PARTY (REGARDLESS OF THE SOURCE OF ORIGINATION).
8. Cap on Liability.
- UNDER NO CIRCUMSTANCES WILL PEACE WALLET BE LIABLE TO YOU FOR DAMAGES ARISING OUT OF THE
SERVICES EXCEEDING $50.
You agree to indemnify Peace-wallet against any claims, damages, losses or legal fees incurred
due to Your use (or
misuse) of Peace-wallet.
- No action or inaction on the part of Peace-wallet shall be considered a waiver of any right or
- This agreement may be amended by Peace-wallet by providing You with 30 days’ notice of any
proposed change. If You
do not agree to the amended terms then Your sole remedy shall be to cease using Services of the
- You may not assign this agreement. Peace-wallet may assign this agreement to 11 days’ notice.
13. Discontinuance of Services.
- We may, in our sole discretion and without cost to you, with or without prior notice, and at any
time, modify or
discontinue, temporarily or permanently, any portion of our Services. You are responsible for
storing outside of the
Software Your 12-word backup phrase. Saving your backup phrase and private keys pairs associated
Peace-wallet will allow you to access the blockchain and your funds at any place and time. This
backup will allow
You to fully restore Your Peace-wallet at any time without cost or loss of the Virtual Currency.
Peace-wallet shall not be held responsible or liable for any loss of Virtual Currency in the
event that we
discontinue or deprecate the Services.
14. GOVERNING LAW
- No matter where you’re located, the laws of the Estonia will govern these Terms and the parties’
relationship as if
you signed these Terms in Estonia, without regard to Estonia’s conflicts of laws rules. If any
provisions of these
Terms are inconsistent with any applicable law, those provisions will be superseded or modified
only to the extent
such provisions are inconsistent. The parties agree to submit to the courts of Estonia for
exclusive jurisdiction of
any dispute arising out of or related to your use of the Services or your breach of these Terms.
You waive any
objection based on lack of personal jurisdiction, place of residence, improper venue, or forum
non convenience in
any such action.
- In the event of termination concerning your license to use Peace Wallet, your obligations under
this Agreement will
still continue. Your access to the funds in your Wallet after termination will depend on your
access to your backup
of your Wallet address and private key.
- If it turns out that any part of this Agreement is invalid, void, or for any reason
unenforceable, that term will be
deemed severable and limited or eliminated to the minimum extent necessary. The limitation or
elimination of the
term will not affect any other terms. ARBITRATION & WAIVER OF CLASS ACTION The parties agree to
dispute arising from this Agreement or your use of the Services on an individual basis.
ARBITRATION PREVENTS YOU
FROM SUING IN COURT OR FROM HAVING A JURY TRIAL. THE PARTIES HEREBY EXPRESSLY WAIVE TRIAL BY
JURY. The parties agree
that: (a) any arbitration will occur in Estonia; and (b) the arbitration will be conducted
confidentially by a
single arbitrator in accordance with the rules of the Arbitration Court of the Estonian Chamber
of Commerce and
Industry and/or in accordance with provisions of the Code of Civil Procedure as the case may be
for arbitration of
consumer-related disputes, in the English language, and with limited discovery. At your request,
hearings may be
conducted in person or by telephone and the arbitrator may provide for submitting and
determining motions on briefs,
without oral hearings. Other than class procedures and remedies discussed below, the arbitrator
has the authority to
grant any remedy that would otherwise be available to a court or other tribunal. THE PREVAILING
PARTY IN ANY ACTION
OR PROCEEDING TO ENFORCE THESE TERMS SHALL BE ENTITLED TO COSTS AND ATTORNEYS' FEES. THE
ARBITRAL DECISION MAY BE
ENFORCED IN ANY COURT. WHETHER THE DISPUTE IS HEARD IN ARBITRATION OR IN COURT, YOU AND PEACE
WALLET WILL NOT
COMMENCE AGAINST THE OTHER A CLASS ACTION, CLASS ARBITRATION, OR REPRESENTATIVE ACTION OR
17. FORCE MAJEURE
- We shall not be held liable for any delays, failure in performance, or interruptions of service
directly or indirectly from any cause or condition beyond our reasonable control, including but
not limited to: any
delay or failure due to any act of God, act of civil or military authorities, act of terrorism,
war, strike or other labour dispute, fire, interruption in telecommunications or Internet
services or network
provider services, failure of equipment and/or software, other catastrophe, or any other
occurrence which is beyond
our reasonable control and shall not affect the validity and enforceability of any remaining
18. Entire Agreement
This is the entire agreement between the parties and supersedes any other agreement,
misrepresentations), or understanding, however, communicated.