Terms of Use [EN]
Orbit Bridge Terms of Use
Article 1 (Purpose)
Orbit Bridge is a decentralized bridge service that supports token conversion between mainnets by using blockchain mainnets developed by third parties as a platform. Hereinafter, the smart contract program that makes up Orbit Bridge and the Orbit Bridge website (https://bridge.orbitchain.io, hereinafter individually referred to as “Website”) are collectively referred to as “Services”. These Terms of Use (hereinafter referred to as the “Terms of Use”) are intended to stipulate the rights, duties, and responsibilities of the Services and the user, and other necessary matters when the user uses the Services.
Article 2 (Definition of Terms)
① The definitions of terms used in these Terms of Use are as follows.
1. "Token" refers to virtual assets issued through smart contracts on the blockchain.
2. "Conversion" refers to a user using the Services to obtain the result of converting a token on one blockchain mainnet into a token on another blockchain mainnet that is intended to have the same value as the token before conversion in principle.
② The definitions of the terms used in these Terms of Use, except for those specified in Paragraph 1, are in accordance with the relevant laws and regulations and service-specific policies.
Article 3 (Publication and Revision of Terms of Use)
① The Services post the contents of the Terms of Use on the screen or connection screen of the Website so that users can easily understand them. If the user checks the Terms of Use and continues to use the Services, it is acknowledged that the user has read, understood, and agreed to the Terms of Use.
② The Services may, if necessary, amend these Terms of Use to the extent that it does not violate the relevant laws and regulations.
③ Since the Services do not have individual means of contacting users when the Terms of Use are amended, the date of application and the reason for the amendment are specified and announced through the Website, and the amended contents take effect from the time the amended contents are posted. However, in the case of revision of the Terms of Use that are unfavorable to the user, it shall be notified more carefully through electronic means such as Website notice or notice through official social media channels disclosed as links to the Website from 30 days prior to the effective date of the amended Terms of Use. If the user checks the revised terms and continues to use the Services after the effective date of the revision of the Terms of Use, it is recognized that the user has read, understood, and agreed to the revised Terms of Use.
Article 4 (Rules other than Terms of Use)
Matters not stipulated in these Terms of Use and interpretation of these Terms of Use are governed by the relevant laws and regulations of the Republic of Korea, individual rules and detailed Terms of Use announced by the Services, and general commercial practice.
Article 5 (Obligations of the Services)
The Services comply with the relevant laws and these Terms of Use and strive to do their best for the stable use of the Services by users.
Article 6. (Obligations of Users)
① Users must not engage in the following acts:
Infringement of intellectual property rights such as copyrights of the Services and service-related third parties.
Acts that damage the reputation of the Services or a third party related to the Services or interfere with the business.
Abuse or misuse of known or unknown bugs or vulnerabilities of the Services, and abuse of using the Services in a way that goes beyond the expected use method for general users and does not conform to the intended purpose of use of the Services.
The act of accessing or exposing the Services through automated means such as Agent, Script, Spider, Spyware, Toolbar, etc., or other fraudulent methods without the prior consent of the Services. The act of fraudulently generating or increasing the number of clicks. The act of causing a load on the server of the Services.
Change the Services without being granted special rights from the Services, add or insert other programs into the Services, hack or reverse engineer the server, distribute malicious programs, exceed access rights, or access source code or service data. The act of impersonating the Services by leaking or changing it, building a separate server, or arbitrarily changing or stealing a part of the Website.
Engaging in the seizure of other users' information or assets, or the right to access such information or assets, without legitimate cause.
Acts of deceiving others to gain advantage, acts of causing harm to others in connection with the use of the Services.
Violation of current laws, Terms of Use set forth by the Services, and operation policy.
Violation of other relevant laws or acts that are unfair.
② Users must comply with the relevant laws, the provisions of these Terms of Use, information on use, and matters notified in relation to the Services. Also, users must not engage in any act that interferes with the operation of the Services.
Article 7 (Attribution of Rights)
① All intellectual property rights related to the Services are owned by the right holder as indicated in the source code or other relevant documents. Users have the right to use the Services in accordance with the method intended by the Services within the scope of the purpose of using the Services. Under no circumstances shall it be construed that these intellectual property rights are transferred to the user or the user has rights equivalent to the transfer of such intellectual property rights.
② The user shall not reproduce, transmit, publish, distribute, broadcast, or otherwise use for commercial purposes any information obtained through the use of the Services that belongs to someone other than the user, or cause a third party to use it, without the prior consent of the right holder.
Article 8 (Service Provision and Restrictions on Use)
① The Services are designed to keep the latest block synchronization and optimal state as possible, but the Services are suspended/terminated without notice due to circumstances such as natural disasters, server maintenance, increased transaction congestion on the blockchain, computer system failure, software attack, etc. The Services are not guaranteed to work at all times.
② In order to ensure the stable provision of the Services, there may be service interruptions and maintenance. In addition, some functions within the Services may be restricted due to the failure or maintenance of third-party services linked to the Services.
③ The user observes and follows all instructions provided to the user in relation to the Services. The user does not engage in any action that may cause failure or disruption to the Services or any server, network, or other equipment connected to the Services.
④ In accordance with the standards and policies at the time notified by these Terms of Use, service use screens, and other equivalent methods, users may be charged a fee when using the Services. The burden of these fees, etc., can be used as a financial resource for the Services and Orbit Chain-related ecosystem through consultation with the participants who support the operation of the Services. The Services try to transparently disclose their usage through relevant documentation posted or linked on their website.
⑤ In the process of a user converting virtual assets using the Services, if a conversion method is used in which the assets before conversion are frozen in the smart contract belonging to the Services, the frozen virtual assets may be utilized to pursue additional rewards that can be used for the Services and the ecosystem related to the Orbit Chain in an automatic, low-risk manner, such as through deposits or staking provided by a reasonably trustworthy provider in consultation with the participants that enable the Service to be operated. Such utilization is carried out through possible and appropriate procedures such as consent of stakeholders, discussion, and sufficient notice when necessary.
⑥ Due to carelessness of the user, such as token transfer to an external exchange that applies travel rules, incorrect deposit to contract address, failure to input destination tag, incorrect input of wallet address, incorrect confirmation of address or information provided by a third-party service, etc. loss of virtual assets that occurs is entirely the responsibility of the user unless there is intention or gross negligence on the part of the Services. So users should always pay great attention when using the Services.
⑦ The Service are operated by smart contracts that are automatically executed, and none of the Services, their developers, operators, employees, shareholders, partners, and participants who support the Service to be operated (hereinafter referred to as “Service-related persons”) do not assume any custody or management obligations for the user’s virtual assets. All responsibility for the management of the user's virtual assets, including the storage, theft, and loss prevention of the wallet private key and recovery seed phrases, lies with the user himself, and the Service-related-persons are not responsible for it unless there is intention or gross negligence.
⑧ We do not take any responsibility for problems arising from service changes or interruptions unless there is intention or gross negligence on the part of the Services.
Article 9 (Provision of Advertisement)
① The Services may place advertisements on the Website.
② You may be connected to advertisements or third-party services provided by others through banners or links on the Website provided by the Services.
③ In case of being linked to advertisements or third-party services provided by others, the third-party services provided in that area are not the service area, and users must use the third-party services at their own responsibility and judgment.
Article 10 (Warranty Disclaimer and Limitation of Liability)
① THE CONTINUITY OF THE FUNCTIONS USED IN THE SERVICES AND THE SERVICES IS NOT GUARANTEED. FEATURES PROVIDED IN THE SERVICES MAY BE ADDED OR PERMANENTLY DELETED AT ANY TIME, AND PART OR ALL OF THE SERVICES MAY BE DISCONTINUED OR CHANGED. HOWEVER, IN THE CASE OF PERMANENT FEATURE DELETION OR SERVICE SUSPENSION, IF THERE ARE USERS WHO ARE AFFECTED BY THIS, WE WILL NOTIFY AND GUIDE USERS ON HOW TO DEAL WITH THEM WITHIN A REASONABLE PERIOD OF 30 DAYS OR MORE IN ADVANCE.
② THE SERVICES ARE NOT RESPONSIBLE FOR SERVICES PROVIDED BY THIRD PARTIES, INCLUDING BUT NOT LIMITED TO WALLET APPLICATIONS PROVIDED BY THIRD PARTIES.
③ CONTENTS AND INFORMATION, INCLUDING BUT NOT LIMITED TO THE CURRENT PRICE OF TOKENS PROVIDED IN THE SERVICES, ARE SUPPLEMENTARY MATERIALS TO HELP YOU USE THE SERVICES AND ARE NOT RECOMMENDATIONS OR SUGGESTIONS FOR INVESTMENT OR TRADING. THE SERVICES MAKE REASONABLE EFFORTS TO PROVIDE INFORMATION IN A TIMELY AND ACCURATE MANNER WHERE POSSIBLE BUT DO NOT WARRANT THE TIMELINESS, SUITABILITY, OR ACCURACY OF SUCH INFORMATION.
④ ALL SOFTWARE, INCLUDING BUT NOT LIMITED TO SMART CONTRACT CODES USED IN THE SERVICES, MAY HAVE FLAWS THAT COULD NOT BE FOUND EVEN WITH THE INDUSTRY'S USUAL LEVEL OF TECHNOLOGY AND EFFORT DUE TO INHERENT COMPLEXITY AND LIMITATIONS, AND THERE IS A RISK OF ASSET LOSS DUE TO THEFT OF ASSETS THROUGH HACKING, ETC., EXPLOITING SUCH DEFECTS
⑤ THE SERVICES, THEIR DEVELOPERS, OPERATORS, EMPLOYEES, SHAREHOLDERS, PARTNERS, AND PARTICIPANTS WHO SUPPORT THE SERVICE TO BE OPERATED (HEREINAFTER, REFERRED TO AS THE “WE” OR “US” IN THIS AND NEXT SUBSECTIONS), DO NOT PROVIDE ANY GUARANTEES, WARRANTIES, OR CONDITIONS, EITHER EXPRESS OR IMPLIED, INCLUDING THOSE EXEMPLIFIED ABOVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW IN RELATION TO THE SERVICES. USERS MUST TAKE FULL RESPONSIBILITY FOR THE USE OF THE SERVICES AND USE THE SERVICES WITH AN UNDERSTANDING THAT THE SERVICES ARE PROVIDED “AS-IS” AND “AS AVAILABLE”. USERS UNDERSTAND AND ACKNOWLEDGE THAT COMPUTERS, SOFTWARE, COMMUNICATIONS, AND BLOCKCHAIN SYSTEMS CANNOT BE COMPLETELY FLAWLESS.
⑥ UNLESS IT IS WITHIN THE SCOPE OF OUR RESPONSIBILITY AND AT THE SAME TIME THERE IS THE INTENTION OR GROSS NEGLIGENCE ON US, WE ARE NOT LIABLE FOR IT. EVEN IF WE ARE LIABLE FOR IT, WE SHALL NOT BE LIABLE TO YOU FOR: ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL CONSEQUENTIAL OR EXEMPLARY DAMAGES WHICH MAY BE INCURRED BY YOU, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY. THIS SHALL INCLUDE, BUT NOT BE LIMITED TO, ANY LOSS OF PROFIT (WHETHER INCURRED DIRECTLY OR INDIRECTLY), ANY LOSS OF GOODWILL OR BUSINESS REPUTATION, ANY LOSS OF DATA SUFFERED, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR OTHER INTANGIBLE LOSS. UNDER NO CIRCUMSTANCES SHALL WE BE LIABLE TO YOU FOR ANY CLAIMS, PROCEEDINGS, LIABILITIES, OBLIGATIONS, DAMAGES, LOSSES, OR COSTS IN THE AMOUNT EXCEEDING THE AMOUNT YOU PAID US IN EXCHANGE FOR ACCESS TO AND USE THE SERVICES, OR USD$100.00, WHICHEVER IS GREATER. THIS LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW.
Article 11 (User Notice)
Since the Services do not have individual contact means for users, the Services may notify users by using commercially reasonable means, including electronic means such as Website notices and notices through official social media channels published as links to the Website. The notices provided by the Services using these means are, in principle, effective immediately upon being posted.
Article 12 (Protection of Rights and Cooperation with Judicial Authorities)
In the following cases, actions deemed reasonably necessary to protect crime victims and users may be taken, such as providing the user's service access information (wallet address, login information, etc.) to the relevant regulatory authorities or validators not performing verification procedures necessary for using the Orbit Bridge, etc:
If there are reasonable grounds to view it as an asset involved in hacking, money laundering, or other criminal activity.
When there is a request from a regulatory agency or judicial agency based on laws or regulations.
Article 13 (Competent Court and Governing Law)
① The laws of the Republic of Korea apply to disputes that arise between Service-related persons and users of the Services in relation to the Service use.
② The competent court for litigation regarding disputes between Service-related persons and users of the Services shall be decided by agreement between the parties, and if an agreement is not reached, the court shall be the court under the Civil Procedure Act of the Republic of Korea.
Supplementary Provisions
This Terms of Use is in effect as of August 4th, 2023.
Last updated