APY Terms of Use

Last revised on September 6, 2022 (V1)

These APY Terms of Use are entered into between you (“you” or “your”) and APY Wallet Ltd. (“APY”, “we”, or “our”), a APY Foundation, with an incorporation address of: APY Wallet Ltd., 125 Sandhurst Road, London, England, NW9 9LL . By accessing, downloading, using or clicking on “I Agree” to accept any “APY Services” provided by APY, you agree that you have carefully read, understood, and accepted all of the terms and conditions within these Terms of Use (“Terms”) as well as our Privacy Policy. In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features.

As with any asset, the values of “Cryptocurrencies” may fluctuate significantly and there is a substantial risk of economic losses when purchasing, selling, holding, or investing in Cryptocurrencies and their derivatives. By making use of APY Services, you acknowledge and agree that (1) you are aware of the risks associated with transactions of Cryptocurrencies and their derivatives, (2) you shall assume all risks related to the use of APY Services and transactions of digital currencies and their derivatives, and (3) APY shall not be liable for any such risks or adverse outcomes.

By accessing, using, or attempting to use APY Services in any capacity, you acknowledge that you accept and agree to be bound by these Terms. These Terms supersede and replace any and all prior oral and/or written agreements between APY and you regarding the Services.By accessing, using, or attempting to use APY Services in any capacity, you acknowledge that you accept and agree to be bound by these Terms. These Terms supersede and replace any and all prior oral and/or written agreements between APY and you regarding the Services.

  1. APY Services

APY allows you to stake Cryptocurrency assets across all major blockchains and allows you to earn interest on your Cryptocurrencies. APY Services include the creation of Cryptocurrency wallets where custody and personal keys remain with the user. Services also include the ability to send, receive, stake, bridge, and swap Cryptocurrency assets. The Cryptocurrency assets that are supported by APY are subject to change.

  1. Agreement to Terms

When you click “I Agree” or when you access the Omni application or use any of the APY Services, you agree to be bound by these terms. If you do not agree to these Terms, do not agree to or use the Services.

  1. Eligibility and Registration

In order to use APY Services, you must create an account via the web site. You must agree to notify us of any unauthorized use of your account, as you are responsible for all activities that occur under your account. If you fail to comply with the account registration requirements or provide inaccurate, false, and/or incomplete information, then we reserve the right to terminate your account.

  1. Intellectual Property Rights

The APY mobile application and websites, and their entire contents, features, and functionality (including software, text, images, videos, audio, design, and information) are owned by APY Wallet Ltd., its licensors, Steakwallet LLC, or other providers of such material and are protected by both United States and international intellectual property laws (including copyright, trademark, patent, trade secret and other intellectual or proprietary rights laws). Under these Terms, you are permitted to make use of the APY website and application for your personal, non-commercial use only.

  1. User Content

Any content that you make available to APY through its Services constitutes User Content. You must possess the right and the authority to submit your User Content and that your User Content does not infringe upon any intellectual property rights or the rights of a third party. APy reserves the right to a worldwide, non-exclusive, royalty-free, sub-licensable, and transferable license to use, copy, distribute, create derivative works of, and display the User Content that you upload, submit, store, send, or receive in the web site.

You must acknowledge that there may be certain instances in which you may have deleted specific User Content, and some of your User Content may not be completely removed and copies of your User Content may continue to exist on the Services. APY is not responsible or liable for the deletion of any of your User Content.

APY maintains no obligation to monitor User Content. When you access APY Services, you must understand that you may be exposed to User Content that is offensive, indecent, or objectionable. APy is neither responsible nor reserves any liability for User Content, including any loss or damage to your User Content.

  1. Acceptable Use

You may only use the APY web site and Services for lawful purposes and in compliance with these Terms. You may not use the APY wen site in the following ways:

- In any way that violates any applicable federal, state, local, or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from the United States or other countries).

- For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise.

- To impersonate or attempt to impersonate APY, an APY employee, another user, or any other person or entity.

- To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of APY Services, or which, as determined by us, may harm APY or users of the APY, or expose them to liability.

- To use any device, software, or routine that interferes with the proper working of the APY web site or Services.

Additionally, you agree not to otherwise attempt to interfere with the proper working of the APY web site and Services.

  1. Termination of Use

APY reserves the right to terminate your access and use to the APY web site and/or Services at our sole discretion. You can delete your account at any time by following the instructions in the APY web site.

  1. Fees

APY may charge fees for certain Services. We reserve the right to make changes to the fee amount at our discretion. We will disclose the amount of fees that we will charge you for the applicable Services when you access the Services.

  1. Taxes and Withholdings

You are responsible for paying all taxes, assessments, charges, fees, and levies that may be levied or based upon your use of APY’s web site and Services, and any interest, fines, and penalties with respect thereto, imposed by any governmental authority. If APY has the legal obligation to pay or collect taxes for which you are responsible under this clause, the appropriate amount shall be invoiced to and paid by you, unless you provide APY with a valid tax exemption certificate authorized by the appropriate taxing authority.

  1. Disclaimer of Warranties

USE OF APY SERVICES IS AT YOUR SOLE RISK. YOUR USE OF THE APY WEB SITE AND SERVICES IS AT YOUR OWN RISK. THE APY WEB SITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER APY NOR ANY PERSON ASSOCIATED WITH APY MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE SERVICES. WITHOUT LIMITING THE FOREGOING, NEITHER APY NOR ANYONE APY REPRESENTS WARRANTS THAT THE WEB SITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEB SITE WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT OUR APPLICATION OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS.

TO THE FULLEST EXTENT PROVIDED BY LAW, APY HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

  1. Indemnification

You agree to defend, indemnify, and hold harmless APY, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assign from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the APY web site, including, but not limited to, your user contributions, any use of the APY wen site’s content, services, and products other than as expressly authorized in these Terms, or your use of any information obtained from the APY mobile application.

  1. Confidentiality

Confidential Information. The "Confidential Information" of a party (the "disclosing party") means any information (whether owned by the disclosing party or a third party) that the other party (the "recipient") learns or receives from or on behalf of the disclosing party in connection with the Agreement, whether in writing, orally, or in any other form, that the recipient knows or reasonably should know is considered confidential or proprietary by the disclosing party. A party's Confidential Information includes, but is not limited to, (a) that party's trade secrets, technical information, know-how, technology, prototypes, methods, ideas, data, cost information, client information, financial information, supplier and customer identities and lists, and business and marketing plans, and (b) any copies, extracts, analyses, compilations, forecasts, studies or other documents containing or reflecting that party's Confidential Information that are prepared by, on behalf of, or in cooperation with the other party. APY’s Confidential Information includes but is not limited to APY web site and Services, subject to the rights and permissions granted to you under these Terms.

  1. Confidentiality and Non-Disclosure

The recipient acknowledges that the disclosing party's Confidential Information is an asset of considerable value, and that disclosure of that Confidential Information to third parties would be damaging. The recipient will: (a) keep the disclosing party's Confidential Information confidential and use it solely for the purposes of exercising its rights and performing its obligations under the Agreement; (b) not directly, or indirectly, without authorization, reveal, report, publish, disclose or transfer the disclosing party's Confidential Information to any third party except as expressly authorized under this Agreement or otherwise in writing by the disclosing party; (c) use procedures constituting a high degree of care to maintain the security of the disclosing party's Confidential Information, but in no event less than a reasonable standard of care under the circumstances; and (d) disclose the disclosing party's Confidential Information to the recipient's employees, consultants and subcontractors solely as permitted under this Agreement, and in any case only on a need-to-know basis as required in connection with recipient's performance of its duties and exercise of its rights under the Agreement. The parties may disclose the general nature of the Agreement; however, all other terms of the Agreement are APY's Confidential Information and may not be disclosed to any third party without APY's prior written consent.

  1. Required Disclosures

If the recipient is required by law or court order to disclose any of the disclosing party's Confidential Information, the recipient will: (a) notify the disclosing party in writing as soon as possible, but in no event less than ten days prior to any required disclosure; (b) cooperate with the disclosing party to preserve the confidentiality of its Confidential Information consistent with applicable law; and (c) limit any disclosure to the minimum disclosure necessary to comply with the applicable law or court order.

  1. Return of Confidential Information

Subject to your rights in previously acquired Confidential Information in accordance with the Termination clause, the recipient shall return or destroy the disclosing party's Confidential Information within 20 days after the effective date of termination of this Agreement. The recipient will not be required to search archived electronic files for the disclosing party's Confidential Information in order to purge that information from its files. The recipient may retain copies of the disclosing party's Confidential Information as necessary to comply with applicable laws, the recipient's written document retention or information governance policies, or any applicable professional standard.

  1. Limitation of Liability

TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL APY, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEB SITE, ANY SERVICES LINKED TO IT, ANY CONTENT ON THE WEB SITE, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE.

THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. IN NO EVENT SHALL THE TOTAL LIABILITY TO YOU FROM APY FOR ALL DAMAGES EXCEED THE AMOUNT OF ONE HUNDRED U.S. DOLLARS ($100.00) OR ITS EQUIVALENT IN THE LOCAL CURRENCY OF THE APPLICABLE JURISDICTION.

  1. Dispute Resolution

You and APY will work together in good faith first to resolve any issues through discussions between their respective relationship managers. If the relationship managers are unable to resolve the issue within 30 days after their discussions on that issue begin, then they will escalate the dispute to their senior management. If an issue is not resolved within 30 days after escalation to senior management, either party may initiate arbitration pursuant to the commercial rules of the American Arbitration Association ("AAA"). The arbitration will be conducted in New York, New York by one arbitrator agreed upon by the parties or, in the absence of agreement, selected by the AAA. Each party will pay its own expenses arising from the arbitration, and the parties will share equally the expenses of the arbitrator and the AAA. The prevailing party in the arbitration proceedings will be entitled to recover reasonable attorneys' fees and expenses incurred in connection with the proceeding, in addition to any other relief to which the prevailing party may be entitled. Any arbitration award will be final, and judgment on it may be entered in any court of competent jurisdiction. If a party breaches or threatens to breach its obligations under these Terms, the other party may suffer harm that may not be adequately compensated by monetary damages. In that case, the other party may, in addition to pursuing arbitration in accordance with this clause, seek specific performance and injunctive or other equitable relief in any court of competent jurisdiction.

  1. Governing Law and Jurisdiction

These Terms will be governed by, and construed under, the laws of England, without application of its conflict of laws rules. Subject the preceding Dispute Resolution clause, the parties hereby consent to the exclusive jurisdiction of, and venue in, any federal court located in England. IF THE ARBITRATION PROVISION IN THE PRECEDING DISPUTE RESOLUTION CLAUSE IS HELD TO BE INVALID AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AND APY HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING REGARDING ANY LITIGATION RELATED TO THIS AGREEMENT.

  1. Class Action Restrictions

YOU AND APY HEREBY AGREE THAT EACH PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE ACTION OR PROCEEDING. UNLESS BOTH PARTIES AGREE OTHERWISE, THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN MORE THAN ONE PERSON'S OR PARTY'S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A CONSOLIDATED, REPRESENTATIVE, OR CLASS PROCEEDING.

  1. Time Limits on Claims

No action against APY arising from or relating to the violation of any rights pertaining to these Terms may be brought more than two years after the date on which the alleged claim arose.

  1. Changes to the Terms of Use

It is the sole discretion of APY to periodically revise and update these Terms of Use. These revisions and updates are effective immediately when we post them and apply to all access to and use of APY. It is your responsibility to periodically check our Terms of Use page so that you are up to date on any changes made, since the changes are binding on you. If you continue to access and use APY after a revision or update to the Terms of Use, then accept and agree to the changes.