Terms of service

By downloading Peace-wallet Mobile Light Wallet Applications and browsing the website, you acknowledge that:

If you don’t agree with the Terms of Service (“Terms”), you cannot use peace-wallet. peace-wallet reserves the right to modify these Terms at any time and at our sole discretion. In case of any changes, we will change the date of the last update at the beginning of these Terms. Please check this page regularly for updates.

  1. 1. Parties
    1. 1.1. This agreement is between you ( ‘You’ or ‘Your’) and Jax Holdings OÜ (‘Peace Wallet’), registry code _________________________________. Peace Wallet is a Blockchain Platform which consists of a mobile application (‘Software’) and website __________ All of the services provided by Peace Wallet we identify in this document as ‘Services’
    2. 1.2. It’s your own responsibility to read the Terms of Service carefully before you start to use peace-wallet.
  2. 2. Definitions and Services offered Peace-wallet is an innovative cryptocurrency infrastructure, which consists of:
    1. 2.1. Peace Mobile Light Wallet Applications Peace-wallet has created means for users to access and transfer ownership of virtual currency tokens (‘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 the application.
    2. 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 the Peace-wallet 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.
    3. 2.1.2. Transactions The only authentic record of Virtual Currency transactions is the applicable Virtual Currency’s blockchain. The Peace-wallet Mobile Light Wallet Applications provide functionality that allows You to send Virtual Currency transfer instructions. Peace-wallet does not guarantee that Your transactions will be delivered, because Your transaction from Peace-wallet Mobile Light Wallet Applications shall be added and stored in any Virtual Currency 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).
    4. 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 (ex. _________________________________ and etc.). All cryptocurrency rates available in the application are supported by __________________________
    5. 2.1.4. Third Party Integrations The Peace-wallet Mobile Light Wallet Applications contain libraries developed by third parties. Peace-wallet may 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 operations. Peace-wallet retains the exclusive right to add to, modify, or cancel the availability of any Third Party Service.
    6. 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 Peace-wallet is provided by ____________, not by Peace-wallet itself. The original Terms of Use are available ________________________-. 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.
    7. 2.2.1. By using the service within the wallet for buying cryptocurrencies (‘Peace-wallet Buying Crypto Service’), You agree with the Terms of Use of our third-party partner _______, who are provided Peace-wallet Buying Crypto Service. The rules described in the Terms of Use of our partner _________ apply to You in full. Please refer to and respect the relevant ________ Terms of Use available here _________________ ___________ 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 _______________
    8. 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. 3. Your Obligations
    1. 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 Wallet Applications and, ensure that Your device(s) are fully updated and do not contain viruses, malware or otherwise malicious software.
    2. 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 Peace-wallet Mobile 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. 4. Limited Intellectual Property License
    1. This agreement licenses Peace-wallet services to You on a personal, non-exclusive, royalty-free, non-transferable, 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. 5. Specifically Disclaimed Risks
    1. 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 services; and, Malware, viruses or other malicious software on Your device that is able to take control of or interfere with Peace-wallet; and, 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 third-party service or any other kind of transaction; and, theft of virtual currency tokens.
  6. 6. No Warranty
    1. Peace-wallet is provided to You at no cost, “as-is ” and without any warranty whatsoever, to the maximum extent permissible by law. Without limiting the generality of the foregoing, Peace-wallet does not warrant that 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. 7. Limitation of Liability
    1. IN NO EVENT WILL PEACE WALLET BE LIABLE TO YOU FOR: ANY LOST PROFITS, REVENUE OR DATA, INDIRECT, INCIDENTAL, 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 LIABILITY ASSERTED, 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. 8. Cap on Liability.
    1. UNDER NO CIRCUMSTANCES WILL PEACE WALLET BE LIABLE TO YOU FOR DAMAGES ARISING OUT OF THE SERVICES EXCEEDING $50.
  9. 9. Indemnity
    1. You agree to indemnify Peace-wallet against any claims, damages, losses or legal fees incurred due to Your use (or misuse) of Peace-wallet.
  10. 10. Non-Waiver
    1. No action or inaction on the part of Peace-wallet shall be considered a waiver of any right or obligation by Peace-wallet.
  11. 11. Amendment
    1. 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 website.
  12. 12. Assignment
    1. You may not assign this agreement. Peace-wallet may assign this agreement to 11 days’ notice.
  13. 13. Discontinuance of Services.
    1. 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 with your 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. 14. GOVERNING LAW
    1. 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.
  15. 15. TERMINATION
    1. 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.
  16. 16. SEVERABILITY
    1. 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 arbitrate any 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 PROCEEDING.
  17. 17. FORCE MAJEURE
    1. We shall not be held liable for any delays, failure in performance, or interruptions of service which result 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, civil disturbance, 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 provisions.
  18. 18. Entire Agreement
    1. This is the entire agreement between the parties and supersedes any other agreement, representations (or misrepresentations), or understanding, however, communicated.