Terms of Service

1. Agreement to Terms

These Terms constitute a legally binding agreement between you ("User", "you") and SwapBlok ("SwapBlok", "we", "us", "our"). By connecting a wallet, accessing the interface, or interacting with the protocol in any way, you confirm that you have read, understood, and agree to these Terms and our Privacy Policy.

You represent that you are at least 18 years of age, have the legal capacity to enter into a binding contract, and are not a person barred from using the Services under applicable law.

2. Description of Services

SwapBlok provides access to a decentralised exchange (DEX) protocol, a non-custodial digital asset wallet, a cross-chain bridge (sBridge) powered by two-party multi-party computation (2MPC), liquidity pools, lending and borrowing facilities, stablecoin infrastructure, and real-world asset (RWA) tokenisation tools (collectively, the "Protocol").

The Services are provided on an access-only basis. SwapBlok provides an interface to interact with autonomous smart contracts deployed on public blockchains. SwapBlok does not operate a centralised exchange, does not hold, control, or have access to user funds, and does not take custody of any digital assets at any time.

3. Eligibility and Restricted Jurisdictions

You may not use the Services if you are located in, incorporated in, or a citizen or resident of any jurisdiction where use of the Services would be unlawful or restricted, including but not limited to:

• The United States of America and its territories
• Any jurisdiction subject to comprehensive economic sanctions (including OFAC-designated countries)
• Any jurisdiction where decentralised finance (DeFi) or digital asset trading is prohibited

By using the Services, you represent and warrant that you are not on any sanctions list or otherwise restricted from engaging in financial transactions under applicable law. SwapBlok reserves the right to restrict access from any jurisdiction at its sole discretion and without notice.

4. Non-Custodial Nature and Self-Custody

SwapBlok is a non-custodial protocol. This means:

• You retain full control of your private keys and digital assets at all times.
• SwapBlok cannot access, freeze, recover, reverse, or modify any transaction or wallet balance.
• You are solely responsible for the security of your wallet, seed phrase, and private keys.
• Loss of private keys or seed phrase will result in permanent, unrecoverable loss of access to your assets.
• SwapBlok has no ability to restore access to wallets or recover lost funds under any circumstances.

You acknowledge and accept that non-custodial wallets and decentralised protocols carry inherent risks that differ materially from custodial services, and that you bear sole responsibility for all transactions executed through the Protocol.

5. Risk Acknowledgement

By using the Services, you expressly acknowledge and accept the following risks:

• Digital asset prices are highly volatile and can lose all value rapidly and without warning.
• Smart contracts may contain bugs, vulnerabilities, or be subject to exploit. SwapBlok does not guarantee the security or correctness of any smart contract.
• Blockchain transactions are irreversible. Errors in wallet addresses, amounts, or transaction parameters cannot be undone.
• Cross-chain bridge operations carry additional risks including but not limited to: bridge exploit, liquidity shortfalls, relay failures, and asset loss.
• DeFi protocols including liquidity pools and lending facilities are subject to impermanent loss, liquidation risk, and oracle manipulation.
• Regulatory changes may affect the legality or availability of the Services in your jurisdiction.
• Network congestion, gas fees, and other blockchain-layer factors are beyond SwapBlok's control.
• Third-party integrations, oracles, and external protocols used in conjunction with SwapBlok carry independent risks.

Nothing on the SwapBlok platform constitutes financial, investment, legal, or tax advice. You should conduct your own independent research and consult qualified professionals before engaging in any digital asset transactions.

6. SBT Token

The SwapBlok Token (SBT) is a utility token that grants holders governance rights, staking participation, and access to protocol features. SBT is not a security, investment contract, share, bond, or any other regulated financial instrument. SwapBlok makes no representation that SBT will appreciate in value.

Holding SBT does not confer any ownership interest, equity, profit-sharing entitlement, or claim against SwapBlok or its assets. Governance participation is subject to token-weighted voting and SwapBlok reserves the right to implement, disregard, or modify governance proposals at its discretion where required by law or to protect the integrity of the Protocol.

7. Prohibited Activities

You agree not to use the Services to:

• Violate any applicable law, regulation, or third-party rights.
• Engage in money laundering, terrorist financing, fraud, or any other financial crime.
• Attempt to circumvent any technical or access controls of the Protocol.
• Deploy or interact with smart contracts designed to exploit, manipulate, or drain liquidity from the Protocol.
• Engage in market manipulation, wash trading, front-running, or other manipulative trading practices.
• Use automated bots or scripts in a manner that degrades the performance or availability of the Services.
• Access the Services from a restricted jurisdiction or on behalf of a sanctioned party.
• Collect, scrape, or harvest data from the Services without prior written consent.
• Introduce malware, viruses, or any code designed to harm the Protocol or its users.

SwapBlok reserves the right to block, restrict, or terminate access for any user found or suspected to be engaged in prohibited activities, without notice and without liability.

8. Intellectual Property

All content, software, design, trademarks, logos, and materials available through the Services are the intellectual property of SwapBlok or its licensors and are protected by applicable intellectual property laws. You are granted a limited, non-exclusive, non-transferable, revocable licence to access and use the Services for personal, non-commercial purposes only.

You may not reproduce, modify, distribute, create derivative works from, or reverse engineer any part of the Services without SwapBlok's prior written consent. Open-source components of the Protocol are governed by their respective licences.

9. Disclaimer of Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. To the fullest extent permitted by law, SwapBlok expressly disclaims all warranties including but not limited to: merchantability, fitness for a particular purpose, non-infringement, accuracy, completeness, uptime, and freedom from errors, viruses, or other harmful components.

SwapBlok does not warrant that the Services will be uninterrupted, error-free, secure, or that any defects will be corrected. You use the Services entirely at your own risk.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, SWAPBLOK AND ITS DIRECTORS, EMPLOYEES, CONTRACTORS, LICENSORS, AND AFFILIATES SHALL NOT BE LIABLE FOR:

• Any indirect, incidental, special, consequential, punitive, or exemplary damages.
• Loss of profits, revenue, data, goodwill, or digital assets.
• Losses arising from smart contract exploits, bridge failures, oracle failures, or third-party protocol failures.
• Losses arising from your failure to secure your private keys or wallet credentials.
• Losses arising from market volatility, liquidations, or impermanent loss.
• Losses resulting from regulatory action, network downtime, or force majeure events.

In jurisdictions where limitation of liability is restricted, SwapBlok's total aggregate liability to you shall not exceed the greater of (a) the amount of fees paid by you to SwapBlok in the six months preceding the claim, or (b) £100 GBP.

11. Indemnification

You agree to indemnify, defend, and hold harmless SwapBlok and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or relating to: (a) your use of the Services; (b) your breach of these Terms; (c) your violation of any applicable law or third-party right; or (d) your negligence or wilful misconduct.

12. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles.

Any dispute, controversy, or claim arising out of or in connection with these Terms or the Services shall first be attempted to be resolved through good-faith negotiation. If unresolved within 30 days, disputes shall be referred to and finally resolved by binding arbitration under the rules of the London Court of International Arbitration (LCIA), with the seat of arbitration in London, England. The language of arbitration shall be English.

You waive any right to participate in a class action lawsuit or class-wide arbitration against SwapBlok. Nothing in this clause prevents SwapBlok from seeking injunctive or other equitable relief in any court of competent jurisdiction.

13. Modifications to Terms

SwapBlok reserves the right to modify these Terms at any time. Updated Terms will be posted on this page with a revised "Last updated" date. Your continued use of the Services following the posting of revised Terms constitutes your acceptance of such changes. If you do not agree to the revised Terms, you must immediately cease using the Services.

14. Termination

SwapBlok may suspend or terminate your access to the Services at any time, with or without cause and without notice, for any reason including but not limited to breach of these Terms. Upon termination, all provisions that by their nature should survive shall survive, including ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

15. Severability and Entire Agreement

If any provision of these Terms is held to be invalid or unenforceable, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall continue in full force and effect. These Terms, together with the Privacy Policy, constitute the entire agreement between you and SwapBlok with respect to the Services and supersede all prior agreements.

16. Contact

For questions regarding these Terms, please contact us at swapblok.com/contact.