Last update: Apr 18, 2024
T
ERMS OF
U
SE
These Terms of Use (“ToU”) form a binding legal agreement between the operating
company of Ton Space (“TON Space”, “we”, “us” or “our”) and you (“you” or “User”).
These ToU govern your use of certain utilities access to which is provided by TON
Space via a separate section (“Application”) within Telegram integrated utility which are
described below and such other functionality that may be accessed via Application from
time to time ("Utilities"). By accessing the Utilities, you agree that you have read,
understand, and accept all of the terms and conditions contained in these ToU.
1.
Accessible Utilities.
We provide access to Utilities which include:
1.1
Non-custodial wallet for The Open Network blockchain (“Non-Custodial Wallet”).
1.2
Generation of a public wallet address and private keys and allow you to choose
to disable or enable storage of your encrypted private keys linking the recovery
to
your email
and your Telegram ID. If you choose not to store your encrypted
private keys, private keys will be only stored by you. It is important to note that
you keep your private keys secure. We recommend you write down your backup
phrase and store it in an offline place only available to you. If you lose your
private keys and have not enabled recovery storage, it will not be possible to
recover your private keys and you may lose access to your cryptocurrencies.
1.3
Facilitation the submission of Toncoin transfer instructions to The Open Network
blockchain. The only authentic record of cryptocurrency transactions is The Open
Network blockchain. The Non-Custodial Wallet provides functionality that allows
you to send cryptocurrency transfer instructions. In order to be completed, all
proposed cryptocurrency transactions must be confirmed and recorded in The
Open Network blockchain. This blockchain is a decentralized, peer-to-peer
network supported by independent third parties, which we do not own, control, or
operate. We do not guarantee that your transactions will be completed, because
your transaction shall be added, confirmed and stored in The Open Network
blockchain.
1.4
Interface that allows access to the liquid staking technology (“Liquid staking”)
with the following functionality:
(a)
The Interface offers interaction methods with third-party provided
smart contract protocols, namely: https://tonstakers.com/ that allow to stake
Toncoin
and
simultaneously
receive
a
liquid
staking
token
(“LST”)
programmatically minted by the third party provided protocol in the amount that
corresponds in value to the amount of staked Toncoin. The LSTs provide
ownership title to the staked Toncoin and any network rewards accrued to those
Toncoin.
(b)
The LSTs can be transferred, stored, traded, and utilized in the
same manner as Toncoin.
TON Space does not hold nor take custody of any of your tokens but solely
provides an interface that allows you to interact with the third-party’s platform.
TON Space is not capable of performing transactions or sending transaction
messages on your behalf. TON Space does not hold and cannot purchase, sell
or trade any tokens. All transactions relating to the Liquid staking are executed
and recorded solely through your interactions with the respective third-party
protocol. The interactions are not under the control of or affiliated with the TON
Space. By signing up to use Liquid staking, you agree that you have read,
understand, and accept all of the terms and conditions contained in the terms of
use and other applicable documentation provided on the https://tonstakers.com
website.
1.5
Interface that allows access to the swap technology (“Swap”) with the following
functionality:
The Swap section within Application allows you to access third party utilities,
namely: https://ston.fi/ to place an order executed by this third party to swap
Toncoin to the cryptocurrency available on the platform of this third party.
TON Space does not hold nor take custody of any of your tokens but solely
provides an interface that allows you to interact with the third-party’s platform.
TON Space is not capable of performing transactions or sending transaction
messages on your behalf. TON Space does not hold and cannot purchase, sell
or trade any tokens. All transactions relating to the Swap are executed and
recorded solely through the user’s interactions with the respective third-party
protocol. The interactions are not under the control of or affiliated with the TON
Space. By using Swap, you agree that you have read, understand, and accept all
of the terms and conditions contained in the terms of use and other applicable
documentation provided on the https://ston.fi/ website.
1.6
Interface that displays your fungible tokens in The Open Network blockchain
(“Jettons”) with the following functionality:
(a)
Display your Jettons. TON Space does not hold or take custody of your
Jettons which are stored directly in The Open Network blockchain.
(b)
Allow for transfer of the Jettons to the other users of Application via The
Open Network blockchain integrated protocol/smart contract subject to
acceptance of such transfer by the recipient.
1.7
Interface with the following functionality:
(a)
Display your non-fungible tokens in The Open Network blockchain
(“NFT”). TON Space does not hold or take custody of your NFTs which are
stored directly in The Open Network blockchain.
(b)
Provide access to third party utility, namely:
https://getgems.io
which
allows for transfer, purchase and sale of the NFTs to the other users of
Application via The Open Network blockchain integrated protocol/smart
contract subject to acceptance of such transfer by the recipient.
TON Space does not hold nor take custody of any of your NFTs but solely
provides an interface that allows you to interact with the third-party’s
platform protocols. TON Space is not capable of performing transfer,
purchase and sale of the NFTs on your behalf. The interactions are not
under the control of or affiliated with the TON Space. By transferring,
purchasing and selling of the NFTs, you agree that you have read,
understand, and accept all of the terms and conditions contained in the
terms of use and other applicable documentation provided on the
https://getgems.io
website.
2.
Third-Party Content.
2.1
In certain Utilities, including Swaps, Jettons, Liquid staking, NFT you may view,
have access to, and may use the informational content, products, or utilities of
one or more third parties (“Third Party Content'' and “Third Party utilities''). In
each such case, you agree that you view, access or use such content and utilities
at your own election. Your reliance on any Third Party Content and use of
respective utilities in connection with the Utilities is governed on one hand by
these ToU but, on the other, will also generally be subject to separate terms and
conditions set forth by the applicable third party content and/or service provider.
Those terms and conditions may involve separate fees and charges or may
include disclaimers or risk warnings about reliance on or the accuracy of any
information. Such terms may also apply a privacy policy. It is your responsibility
to understand the terms and conditions of Third Party utilities, including how
those service providers use any of your information under their privacy policies.
2.2
Third Party Content and Third Party utilities are provided for your convenience
only. We do not verify, curate, or control Third Party Content. We do not control
Third Party utilities. As a result, we do not guarantee, endorse, or recommend
such content or utilities to any or all users of the Utilities, or the use of such
content or utilities for any particular purpose. You access, rely upon or use any
Third Party Content or Third Party service at your own risk. TON Space
disclaims all responsibility and liability for any losses and damages on account of
your reliance upon or use of such content or utilities. We have no responsibility
for Third Party Content that may be misleading, incomplete, erroneous, offensive,
indecent, or otherwise objectionable to you or under the law in your jurisdiction.
The choice to rely on Third Party Content or to use a Third Party service is your
own, and you are solely responsible for ensuring that your reliance or use is in
compliance with all applicable laws. Dealing or correspondence with any third
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