👮Terms of Service
Last Updated: Sep. 2024
These Terms of Service, along with any documents and additional terms expressly incorporated by reference, including any applicable Product-Specific Terms (as defined below) and any other agreements or conditions that Ultiland ("Ultiland," "we," "us," or "our") makes publicly available or provides to you or the entity you represent ("you" or "your") (collectively, these "Terms"), establish the agreement between Ultiland and you regarding your access to and use of Ultiland's websites, including ultiland.io, as well as Ultiland's web and mobile applications, and any associated sites linked by Ultiland or its affiliates (collectively, with any materials, services, and successor websites or applications, the "Site") and the Services (as defined in Section 2.1).
These Terms are divided into two sections:
· Part I outlines the general terms that govern the use of the Site and the Services (“General Terms”).
· Part II specifies the Product-Specific Terms (as defined below).
Unless otherwise indicated, all section references pertain to the General Terms.
Certain Products and Services (as defined in Section 2.1) may be subject to additional terms specific to those Products and/or Services (collectively, “Product-Specific Terms”). These Product-Specific Terms are detailed in Part II of these Terms. In case of any conflict between the General Terms and any Product-Specific Terms, the applicable Product-Specific Terms will prevail.
By clicking "I agree" (or similar language) to these Terms, acknowledging these Terms by other means, or otherwise accessing or using the Site or Services, you accept and agree to be bound by these Terms, including, without limitation, the mandatory arbitration provision in Section 14, and confirm that you have read and understood our Privacy Policy as described in Section 15.1. If you do not agree to these Terms, you must not access or use the Site or Services. Please carefully review the disclosures and disclaimers set forth in Section 12 and elsewhere in these Terms before accessing or using any software, services, products, or other offerings provided by Ultiland. These Terms outline the legal obligations associated with your use of the Services.
PLEASE READ THESE TERMS CAREFULLY TO ENSURE THAT YOU UNDERSTAND EACH PROVISION. THESE TERMS INCLUDE A MANDATORY INDIVIDUAL ARBITRATION CLAUSE AND A WAIVER OF CLASS ACTION/JURY TRIAL RIGHTS IN SECTION 14, REQUIRING THE USE OF FINAL AND BINDING ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES BETWEEN YOU AND US, INCLUDING ANY CLAIMS THAT AROSE BEFORE YOU AGREED TO THESE TERMS. TO THE FULLEST EXTENT PERMITTED BY LAW, YOU EXPRESSLY WAIVE YOUR RIGHT TO SEEK RELIEF IN COURT, INCLUDING A JURY TRIAL, AND YOUR RIGHT TO PARTICIPATE IN ANY CLASS, COLLECTIVE, PRIVATE ATTORNEY GENERAL, OR REPRESENTATIVE ACTION OR PROCEEDING.
PART I: General Terms
1. Modifications to These Terms
We reserve the right, at our sole discretion, to modify these Terms from time to time. If changes are made, we will notify you through the Services or by updating the "Last Updated" date at the top of these Terms. Unless otherwise stated in our notice, such modifications will take effect immediately, and your continued use of the Site and Services after receiving notice will confirm your acceptance of the changes. If you do not agree with the amended Terms, you must stop using the Site and Services.
2. Use of Services
2.1 The Services
The Site provides information about, and subject to eligibility requirements and successful completion of Ultiland's onboarding process, access to certain products issued by special purpose vehicles (each, a “Product”) operated by Ultiland (collectively, “Services”). Each Product is governed by the terms, conditions, and requirements outlined in the relevant agreements between you and the issuing special purpose vehicle. These agreements are not altered or replaced by these Terms, and Ultiland is not a party to them nor liable for them. Services may include, for example, providing you access to Products via messaging protocols to interact with centralized or decentralized applications, APIs, and other software developed or provided by Ultiland to facilitate access to the Products. Bilateral transactions (including smart contract-based decentralized transactions) involving Products and/or digital assets (collectively, “Digital Assets”) are conducted at your own risk and are not part of the Services. You acknowledge that Ultiland does not provide execution, settlement, or clearing services and is not responsible for any automated blockchain transactions. All execution, settlement, or clearing of decentralized blockchain transactions (including those involving Digital Assets) occurs directly on the relevant blockchain (e.g., Ethereum), with which Ultiland is not involved or responsible.
2.2 Conditions
As a condition for accessing or using the Services or the Site, you represent and warrant to Ultiland the following:
2.2.1 Legal Capacity: If you are an individual, you are of legal age in your jurisdiction and have the legal capacity to enter into these Terms. If you are an entity, you must have the legal authority to accept these Terms on behalf of the entity, in which case "you" refers to that entity.
2.2.2 Sanctions Compliance: You are not a resident, national, or agent of any Restricted Territories (including, but not limited to, Iran, Cuba, North Korea, Syria, or the Crimean Region of Ukraine) or any other country to which the United States imposes embargoes or similar sanctions.
2.2.3 Sanctions Lists: You are not listed on any Sanctions List and do not intend to transact with any Restricted Person or Sanctions List Person.
2.2.4 Anti-Circumvention: You do not and will not use VPNs or other tools to circumvent any geographic or regulatory restrictions on the Services.
2.2.5 Legal Compliance: Your access to the Services does not violate any Applicable Laws and does not contribute to any illegal activity.
2.3 Acknowledgements
As a condition for accessing or using the Services or the Site, you acknowledge, understand, and agree to the following:
2.3.1 Service Disruptions: The Site and Services may be inaccessible or inoperable for reasons beyond our control, including maintenance, disruptions in blockchain infrastructure, or third-party service unavailability.
2.3.2 Right to Modify Access: We reserve the right to disable or modify access to the Site and Services in case of any breach of these Terms.
2.3.3 Service Evolution: The Site and Services may evolve, meaning Ultiland may change, replace, or discontinue the Services at any time.
2.3.4 Informational Nature of Pricing: General pricing information provided on the Site is for informational purposes only and does not constitute an offer, solicitation, or recommendation for any transaction.
2.3.5 No Agency Relationship: Ultiland does not act as an agent for you or any other user of the Services.
2.3.6 User Responsibility: You are solely responsible for your use of the Services, including the custody and control of your Digital Assets.
2.3.7 No Fiduciary Duty: We owe no fiduciary duties or liabilities to you or any other party, and any such duties or liabilities are expressly disclaimed.
2.3.8 Tax Responsibility: You are solely responsible for reporting and paying any taxes related to your use of the Services.
2.3.9 No Control Over Digital Assets: We have no control over, and no liability for, the delivery, quality, safety, legality, or any other aspect of Digital Assets you may transfer.
2.4 Covenants
As a condition for accessing or using the Services or the Site, you covenant to Ultiland the following:
2.4.1 Legal Ownership: In connection with using the Services, you will only transfer legally obtained Digital Assets that belong to you.
2.4.2 Compliance with Laws: You will comply with all Applicable Laws in connection with using the Services.
2.4.3 Ownership of Assets: Any Digital Assets used in connection with the Services are owned by you, or you are authorized to use them.
2.4.4 Accuracy of Information: You will ensure that all information you provide on the Site is current, complete, and accurate, and you will maintain the security of your private keys and other credentials.
3. Fees and Price Estimates
You are responsible for all fees related to your use of the Services, including blockchain transaction costs, and other fees as reflected on the Site. While we strive to provide accurate fee information, actual fees may vary.
4. No Professional Advice or Fiduciary Duties
All information provided through the Site and Services is for informational purposes only and should not be construed as professional advice. You should seek independent advice before making any financial, legal, or other decisions related to the Services. These Terms do not create or impose any fiduciary duties on us, and the only obligations we owe you are those expressly set out in these Terms.
5. Prohibited Activities
You are prohibited from using the Services for any activities that fall under the following categories ("Prohibited Uses"). If you are uncertain whether your activity is prohibited, please contact us at legal@ultiland.io. The Prohibited Uses include, but are not limited to:
5.1 Violation of Laws: Engaging in any activities that violate applicable laws, including but not limited to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
5.2 Intellectual Property Infringement: Involvement in transactions related to items that infringe upon intellectual property rights, including but not limited to the sale or distribution of counterfeit goods.
5.3 Disruption of Services: Using the Services in any manner that disrupts, impairs, or otherwise negatively affects other users or the operation and integrity of the Site or Services.
5.4 Illegal Trading Activities: Participating in market manipulation, fraudulent trading, or any other illegal trading practices.
5.5 Circumvention of Security Measures: Attempting to bypass, disable, or otherwise interfere with content filtering, security features, or access controls implemented on the Site or Services.
5.6 Use of Automated Tools and Harmful Software: Employing automated tools such as bots, scrapers, or introducing malware, viruses, or any other harmful software into the Site or Services.
5.7 Fraud and Misrepresentation: Providing false or misleading information, or engaging in any form of fraudulent activity, including but not limited to identity theft or impersonation.
5.8 Illegal Transactions: Utilizing the Services to transmit, exchange, or engage with Digital Assets derived from illegal or fraudulent activities.
5.9 Promotion of Harmful Content: Using the Site to promote, distribute, or engage in content that is hateful, violent, defamatory, obscene, pornographic, sexually explicit, indecent, vulgar, harassing, or otherwise objectionable, or likely to incite such behavior.
5.10 Access from Restricted Jurisdictions: Accessing or using the Services from jurisdictions where such access or use is restricted or prohibited by applicable law.
5.11 Harassment and Harm: Harassing, abusing, or causing harm to another person or entity, including Ultiland’s employees, service providers, or users, or impersonating another user of the Services.
5.12 Violation of Regulatory Standards: Engaging in any activity that violates the laws, regulations, or rules of the United States or any other applicable jurisdiction.
5.13 Facilitating Prohibited Activities: Encouraging, aiding, or attempting to assist any third party, or engaging in any conduct yourself, that falls under any of the activities prohibited in this Section 5 or any other provision of these Terms.
6. Content
You grant us a royalty-free, fully paid-up, sublicensable, transferable, perpetual, irrevocable, non-exclusive, worldwide license to use, copy, modify, create derivative works from, display, perform, publish, and distribute any content that you make available to other users through your use of the Site or the Services (collectively, "Your Content"), including for promoting Ultiland, its affiliates, the Services, or the Site. You represent and warrant that you own Your Content or have the rights to grant the licenses in these Terms, and that our use of Your Content as licensed herein will not violate, misappropriate, or infringe any third-party rights.
7. Proprietary Rights
All rights, titles, and interests in and to the Site and Services, including any content, technology, and software, are owned by Ultiland, its affiliates, or its licensors. You agree not to use, copy, modify, or create derivative works from any of Ultiland's trademarks, trade names, logos, or other brand features without prior written consent from Ultiland or the applicable licensors. These Terms do not grant you any rights in or to any of Ultiland's intellectual property.
8. Third-Party Services
The Services may include links to or integrations with third-party services (collectively, "Third-Party Services"), such as crypto wallets or blockchain networks, which are not controlled by Ultiland. Ultiland is not responsible for the availability, content, products, or services of any Third-Party Services. Your access to and use of any Third-Party Services is at your own risk and subject to the terms and conditions of those services. Ultiland disclaims all liability for any damages or losses arising from your use of or reliance on any Third-Party Services.
9. Modification, Suspension, and Termination
We may, at our sole discretion, modify, suspend, or disable the Services, in whole or in part, at any time, with or without notice. Upon termination of your access to the Services, your right to use the Services will immediately cease. We will not be liable for any losses resulting from the modification, suspension, or termination of your access to the Site or Services. The provisions of Sections 7 through 15 will survive any termination of your access to the Site or Services.
10. Assumption of Risks
10.1 By using the Ultiland platform or interacting with its services, you acknowledge and accept the inherent risks associated with blockchain technology, cryptographic systems, and digital assets. This includes understanding the complexities and risks related to native digital assets like Ether (ETH) and the associated tokens on blockchain networks. Ultiland does not control or own the underlying software that governs these blockchain networks, which are generally open source and subject to change. You agree that Ultiland is not responsible for the operation, security, or availability of these networks, which may be affected by events such as "forks" that can alter the rules and potentially disrupt the services. The responsibility for securing your private keys lies solely with you. Loss of access to these keys can result in the permanent and irreversible loss of your digital assets, with no possibility of recovery.
10.2 Your use of the services may be affected by regulatory actions or inquiries, which could limit Ultiland’s ability to offer its platform and services, and thereby restrict your access or usage.
10.3 You recognize that advancements in cryptography, such as the development of quantum computing, may pose risks to digital assets and blockchain networks, potentially leading to the loss or theft of your assets. While Ultiland intends to update its software to mitigate these risks, there are no guarantees of full security.
10.4 You understand that blockchain technology, including networks like Ethereum, is still evolving. This creates inherent technological and security risks, including the variability and potential increase in transaction costs, which can impact your use of the services.
10.5 The services provided by Ultiland are subject to potential flaws, and you are solely responsible for assessing any code or functionality offered through the platform. Ultiland’s provision of information does not imply an ongoing obligation to notify you of all potential risks.
10.6 While Ultiland strives to provide accurate and timely information, there may be inaccuracies or errors in the data presented. You should independently verify all information before making any decisions based on it, as you bear full responsibility for your actions. Pricing and other information may vary and might not reflect actual market conditions.
10.7 Using Ultiland’s services, particularly for digital asset transactions, involves substantial financial risk. Digital assets and decentralized protocols are highly experimental, volatile, and transactions are irreversible. You should carefully assess whether these services are suitable for you given your financial situation. By using the platform, you affirm that you possess the necessary knowledge and experience to understand and manage these risks.
10.8 Ultiland complies with applicable laws, which may require it to take certain actions or provide information to government agencies without prior notice to you, potentially not in your best interest.
10.9 The platform is under ongoing development, which may result in technical and operational risks, such as delays in transactions or incorrect information display due to server issues. These risks could materially affect your transactions, including potentially preventing you from completing transactions at your desired terms.
10.10 By using Ultiland, you assume all risks outlined in this section and agree that Ultiland is not liable for any damages or losses resulting from these risks. You irrevocably waive any claims against Ultiland, its affiliates, and associated parties for any issues arising from these risks.
11. Indemnification
You agree to defend, indemnify, and hold harmless Ultiland, its affiliates, and its and their respective directors, officers, employees, and agents from and against any claims, damages, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of or related to your use of the Site or Services, your violation of these Terms, or your infringement of any third-party rights.
12. Disclosures; Disclaimers
ULTILAND IS A DEVELOPER AND PROVIDER OF SOFTWARE SOLUTIONS. ULTILAND DOES NOT OPERATE A DIGITAL ASSET OR DERIVATIVES EXCHANGE, NOR DOES IT PROVIDE TRADE EXECUTION OR CLEARING SERVICES. AS SUCH, ULTILAND HAS NO OVERSIGHT, INVOLVEMENT, OR CONTROL OVER TRANSACTIONS YOU CONDUCT USING THE SERVICES OR PRODUCTS OFFERED. ANY PEER-TO-PEER TRANSACTIONS BETWEEN USERS OF THE SERVICES ARE EXECUTED DIRECTLY BETWEEN THE USERS' BLOCKCHAIN ADDRESSES ON THE APPLICABLE BLOCKCHAIN, SUCH AS ETHEREUM, VIA SMART CONTRACTS. YOU ARE RESPONSIBLE FOR COMPLYING WITH ALL RELEVANT LAWS GOVERNING YOUR USE OF THE PRODUCTS, INCLUDING, BUT NOT LIMITED TO, THE COMMODITY EXCHANGE ACT AND RELATED REGULATIONS, U.S. FEDERAL SECURITIES LAWS, AND ANY OTHER APPLICABLE FOREIGN LAWS. PLEASE NOTE THAT ULTILAND IS NOT REGISTERED OR LICENSED BY ANY FINANCIAL REGULATORY AUTHORITY, INCLUDING THE SEC, CFTC, OR ANY OTHER SUCH ENTITY.
ULTILAND DOES NOT OWN OR CONTROL THE UNDERLYING SOFTWARE PROTOCOLS USED IN CONNECTION WITH BLOCKCHAINS SUCH AS ETHEREUM. DECENTRALIZED PROTOCOLS ARE GENERALLY OPEN SOURCE, ALLOWING ANYONE TO USE, COPY, MODIFY, AND DISTRIBUTE THEM. ULTILAND DOES NOT GUARANTEE THE FUNCTIONALITY, SECURITY, OR AVAILABILITY OF THESE DECENTRALIZED PROTOCOLS AND IS NOT RESPONSIBLE FOR THEIR OPERATION.
TO THE FULLEST EXTENT PERMITTED BY LAW, THE SITE AND SERVICES PROVIDED BY ULTILAND (INCLUDING ANY CONTENT OR FUNCTIONALITY) ARE OFFERED "AS IS" AND "AS AVAILABLE," WITHOUT ANY WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED. ULTILAND EXPRESSLY DISCLAIMS, AND YOU HEREBY WAIVE, ALL REPRESENTATIONS, WARRANTIES, CONDITIONS, OR GUARANTEES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, SECURITY, ACCURACY, AND NON-INFRINGEMENT OF THIRD-PARTY RIGHTS. WE DO NOT WARRANT THAT THE SITE OR SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR AVAILABLE AT ANY PARTICULAR TIME, NOR DO WE GUARANTEE THAT ANY ERRORS CAN OR WILL BE CORRECTED.
YOU ACKNOWLEDGE THAT DATA ON THE SITE MAY BE LOST, CORRUPTED, OR TEMPORARILY UNAVAILABLE DUE TO VARIOUS CAUSES BEYOND OUR CONTROL, INCLUDING, BUT NOT LIMITED TO, DENIAL-OF-SERVICE ATTACKS, SOFTWARE FAILURES, VIRUSES, PROTOCOL CHANGES BY THIRD-PARTY PROVIDERS, INTERNET OUTAGES, FORCE MAJEURE EVENTS, SCHEDULED OR UNSCHEDULED MAINTENANCE, OR OTHER ISSUES. TO THE MAXIMUM EXTENT PERMITTED BY LAW, ULTILAND WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE RESULTING FROM SUCH EVENTS.
PLEASE NOTE THAT THE DISCLAIMER OF IMPLIED WARRANTIES MAY NOT APPLY IN CERTAIN JURISDICTIONS WHERE SUCH WARRANTIES CANNOT BE EXCLUDED OR LIMITED BY LAW.
13. Limitation of Liability
Ultiland's liability to you arising out of or related to these Terms, the Site, or the Services is limited to the lesser of $50 or the total fees paid by you to Ultiland under these Terms in the 12 months preceding the event giving rise to the claim. Ultiland is not liable for any indirect, incidental, special, or consequential damages arising out of your use of the Services.
14. Dispute Resolution & Arbitration
14.1 PLEASE READ THIS SECTION CAREFULLY AS IT REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND CLAIMS WITH ULITILAND AND LIMITS YOUR ABILITY TO SEEK RELIEF FROM ULITILAND.
This Section 14 (the "Arbitration Provision") applies to and governs any dispute, controversy, or claim between you and us that arises out of or relates to, directly or indirectly: (a) these Terms, including their formation, existence, breach, termination, enforcement, interpretation, validity, and enforceability; (b) your access to or use of the Site or the Services; (c) any transactions conducted through, by, or using the Site or the Services; or (d) any other aspect of your relationship or interactions with us as a visitor to or user of the Site or Services (each, a "Claim," and collectively, "Claims"). This Arbitration Provision applies to all Claims, whether they arose or were asserted before or after your acceptance of these Terms. Both you and Ultiland agree that any dispute related to these Terms, the Site, or the Services will be resolved solely on an individual basis and not as part of any class, collective, or representative action. The Federal Arbitration Act (FAA) governs the interpretation and enforcement of this Arbitration Provision, overriding any state laws to the contrary.
14.2 Right to Opt-Out.
You have the right to opt out of this Arbitration Provision by sending written notice of your decision to opt out to legal@ultiland.io within 30 days of first accepting these Terms. Your notice must include your full legal name, address, and a clear statement of your intention to opt out of this Arbitration Provision. Opting out of this Arbitration Provision does not affect the enforceability of the remaining provisions of these Terms, including the choice of law and forum for resolving disputes that are not subject to arbitration.
14.3 Dispute Resolution Process.
If you have a Claim, you agree to first contact us at legal@ultiland.io and attempt to resolve the matter informally. If we are unable to resolve the Claim within sixty (60) days, both parties agree to resolve it exclusively through binding arbitration conducted by a single arbitrator under the rules of JAMS, except as otherwise provided herein. The arbitration will take place in New York City, New York, and will be conducted in English. Any judgment on the arbitrator's award may be entered in any court of competent jurisdiction. Each party is responsible for its own attorney's fees and costs, and the prevailing party is not entitled to reimbursement of those fees and costs through arbitration.
14.4 Class Action / Jury Trial Waiver.
WHETHER YOU USE THE SITE FOR PERSONAL, COMMERCIAL, OR OTHER PURPOSES, ALL CLAIMS MUST BE BROUGHT ON AN INDIVIDUAL BASIS. YOU WAIVE YOUR RIGHT TO PARTICIPATE IN ANY CLASS ACTION, COLLECTIVE ACTION, OR OTHER REPRESENTATIVE PROCEEDING, INCLUDING CLASS ARBITRATION. YOU ALSO WAIVE THE RIGHT TO A TRIAL BY JURY. THE ARBITRATOR MAY NOT CONSOLIDATE YOUR CLAIMS WITH THOSE OF ANY OTHER PERSON WITHOUT ULITILAND'S CONSENT.
14.5 Equitable Relief.
Nothing in this Arbitration Provision shall prevent us from seeking injunctive or other equitable relief in a court of law to protect our data security, confidential information, or intellectual property rights. Similarly, you may bring qualifying claims in small claims court, provided they are pursued on an individual basis and remain in that court.
14.6 Severability.
If any part of this Section 14 is found to be unenforceable or invalid, that portion shall be severed from these Terms, and the remainder of the Arbitration Provision will continue to apply. If any Claims must proceed on a class, collective, or representative basis, they must be litigated in a civil court of competent jurisdiction rather than in arbitration, and such litigation will be stayed pending the resolution of individual Claims in arbitration. If any part of this Section 14 is found to restrict an individual’s ability to seek public injunctive relief, that specific provision will have no effect to the extent that relief is allowed to be sought outside of arbitration, while the remainder of this Section 14 remains enforceable.
15. General Information
15.1 Privacy Policy
Please refer to our Privacy Policy and Content Policy for information on how we collect, use, and share your data.
15.2 Electronic Communications
You consent to receive all communications electronically and agree that we may provide communications by posting them on the Site or emailing them to you.
15.3 Remedies
Ultiland's rights and remedies under these Terms are cumulative and do not limit any other rights or remedies available under the law.
15.4 Severability
If any part of these Terms is found invalid or unenforceable, the remaining provisions will remain in full force and effect.
15.5 Force Majeure
Ultiland is not responsible for any failure or delay in performance due to causes beyond its control, including natural disasters, government actions, and technical failures.
15.6 Assignment
You may not assign your rights or obligations under these Terms without Ultiland's prior written consent. Ultiland may assign its rights or obligations without your consent.
15.7 Governing Law
These Terms, along with any disputes arising from or related to these Terms, the Site, or the Services, will be governed by and interpreted in accordance with the laws of the state of Connecticut, without reference to its conflict of laws principles. However, the Federal Arbitration Act (9 U.S.C. §§ 1-16) (“FAA”) will specifically govern the interpretation and enforcement of the Arbitration Provision, overriding any conflicting state laws or laws of other jurisdictions to the maximum extent permitted by applicable law. The application of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded from these Terms. We retain the right to initiate legal proceedings concerning the enforcement or validity of our intellectual property rights or other proprietary rights, including seeking provisional relief to prevent irreparable harm, in any court of competent jurisdiction. For all other legal proceedings not subject to arbitration under these Terms, the courts located in the state of Connecticut will have exclusive jurisdiction. You waive any objections to the venue in these courts and agree that the state of Connecticut is the proper and exclusive forum for any appeals related to arbitration awards or for any trial court proceedings if the Arbitration Provision is found unenforceable.
15.8 Headings
Section headings are for convenience only and do not affect the interpretation of these Terms.
15.9 Entire Agreement
These Terms constitute the entire agreement between you and Ultiland regarding the use of the Site and Services, superseding any prior agreements.
15.10 No Third-Party Beneficiaries
These Terms are not intended to confer any benefits on any third parties, except for the indemnified parties.
15.11 Interpretation
In the event of any conflict between these Terms and any other agreement you may have with us, these Terms will control unless the other agreement specifically states otherwise.
Part II: Product-Specific Terms
1. Terms of Service for Real Asset Issuance
Ultiland provides real asset issuance services, enabling users to tokenize real-world assets on the blockchain, such as artworks, real estate, or collectibles. These assets can be represented by a custom token ("$BOND"), which can be associated with the ownership of the physical asset or merely represent its value. Token issuance is conducted through a decentralized LaunchPad, utilizing a Sigmoid Bonding Curve model to ensure dynamic and fair pricing.
1.1 Relevant Requirements
To use the real asset issuance service, users must comply with the Privacy Policy and Content Policy, and ensure that the tokenized assets meet applicable legal and regulatory standards. Additionally, users should adhere to commonly accepted ethical guidelines and avoid any actions that may cause controversy or damage the platform's reputation. In special circumstances, users must also undergo the platform's KYC verification to ensure the legality of their identity and the compliance of the asset's source.
1.2 Token Creation and Smart Contracts
Once the $BOND token is created through the Ultiland platform, the associated smart contracts are immutable and managed by blockchain protocols. These smart contracts are designed to be tamper-proof and may undergo comprehensive audits by third-party auditing firms to ensure security and compliance.
1.3 Risks and Responsibilities
Users acknowledge the inherent risks of tokenizing real-world assets, including market volatility and potential significant price fluctuations. Ultiland is not responsible for any losses arising from these risks. Users also agree not to engage in fraudulent activities or violate any applicable laws while using the service.
1.4 Fee Structure
Ultiland charges transaction fees for the issuance and trading of the $BOND token on its platform. The fee structure is transparent and may be changed at Ultiland's discretion. Users are responsible for any additional blockchain transaction costs (e.g., gas fees).
1.5 Risk Management
In the process of participating in the issuance and trading of the $BOND token, governance token $ARTX will be generated and used, which plays a core role in risk management within the system. By incentivizing participants to engage in actions such as staking, governance voting, and providing liquidity, it ensures the security and stability of the platform. The platform will manage systemic risks in a reasonable, compliant, open, and fair manner, while ensuring its decentralized governance, to enhance user trust and safeguard the long-term healthy development of the ecosystem.
2. Special Asset Entity Agreement Terms
The Special Asset Entity (SAE) of Ultiland is responsible for verifying and managing certain tokenized assets on the platform. This entity ensures that all assets comply with the legal and financial requirements for tokenization.
2.1 Asset Assessment and Verification
SAE conducts a comprehensive assessment of all assets to be tokenized, including legal, financial, and market evaluations. This process aims to ensure the accuracy of asset valuation and prevent fraudulent activities.
2.2 Custody and Compliance
SAE also provides custody services for tokenized assets, ensuring that these assets are securely managed and that all rights are respected. These services are crucial for maintaining compliance with relevant laws and regulations, especially regarding asset ownership and transfer.
2.3 Transparency and Reporting
SAE maintains transparent records of all asset evaluations and transactions, which are stored on the blockchain for auditing purposes. These records are accessible to relevant parties, providing assurance of platform integrity and asset security.
3. Wallet Connection and Third-Party Services
3.1 To use the various products on the Ultiland platform, you may be required to connect an eligible crypto wallet and provide certain information through functionality offered by a Third-Party Service, which may involve registering, accessing, downloading, or installing additional software.
3.2 If you connect an eligible crypto wallet or otherwise connect to the Ultiland platform’s products through a Third-Party Service, you grant us and third parties (such as validator addresses and other service providers that support the functionality of the Ultiland platform) permission to access and use your information from that Third-Party Service as permitted by that service, and, if necessary, to store and use your credentials for that Third-Party Service.
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