Terms And Conditions

Agreement

These Terms and Conditions are deemed a binding agreement between the client and ERLOSTIS sp. z o.o. with its registered office in Warsaw, Poland, address: ul. Bartycka 22B/21A, 00-716 Warsaw, register number 0000954262. By using or otherwise accessing the Services, or clicking to accept or agree to these Terms and Conditions where that option is made available, the client confirms eligibility to use the Services and acknowledges having read, understood, and accepted these Terms and Conditions.

Eligibility

Clients may only use the Services if permitted under the laws of their residence and/or domicile. The Company has no obligation or capability to verify whether a client is eligible to use the Software and bears no responsibility for any use that does not comply with local laws.

Software and Services

Subject to these Terms and Conditions, clients may access the following Services:

• A token generation tool that allows clients to issue tokens.
• The Waves Wallet electronic wallet to store, track, transfer, and manage cryptocurrencies and issued or acquired tokens.
• A decentralized cryptocurrency exchange (DEX) used to place and execute orders for buying or selling cryptocurrencies or tokens.
• The Waves Keeper browser plug-in that extends functionality of compatible web browsers.

Waiver

The Company does not define, suggest, or control prices or exchange rates of cryptocurrencies and tokens and is never a counterparty to user deals. Any disputes concerning token or cryptocurrency transactions must be resolved directly with the relevant third party. The Company does not organize or participate in trading, nor can it regulate third-party services or influence their results.

Indemnification

Clients agree to release, indemnify, defend, and hold harmless the Company and its parents, subsidiaries, affiliates, agencies, officers, directors, employees, shareholders, and representatives from any losses, liabilities, damages, costs, expenses, claims, or actions arising out of their use of third-party services or violation of these Terms and Conditions. The Company may assume exclusive defense of any matter subject to indemnification, and clients will cooperate with that defense.

Third-party websites and content

The Platform may contain links to external websites for reference only. The Company does not monitor or control resources outside the Software and is not responsible for their content. Inclusion of third-party links does not imply endorsement, sponsorship, or authorization to use any associated trademarks or materials. The Company bears no liability for access to or use of third-party content.

Risk warning

By accepting these Terms and Conditions, clients acknowledge the following risks:

• New technology: Cryptocurrencies, blockchain, and related technologies are new, untested, and outside the control of the Company; adverse changes may result in interruptions or termination of access.
• Loss of funds: Trading or holding cryptocurrencies and tokens carries substantial risk, including sudden changes from forks or network updates. The Company is not responsible for any resulting losses.
• Regulatory environment: Regulatory inquiries or actions may restrict or impact the Software.
• Theft and hacking: Malicious actors may attempt to steal data, passwords, or tokens.
• Security weaknesses: Bugs or vulnerabilities could interfere with use or cause loss of assets.
• Mining attacks: As with other decentralized ledgers, ERLOSTIS sp. z o.o. is susceptible to double-spend, majority, selfish-mining, or race condition attacks that may affect the Software and connected networks.
• Internet transmission: Hardware, software, or network failures may disrupt services; the Company is not responsible for such events.

Warranties and representations

By entering these Terms and Conditions, clients warrant that they have capacity to contract, transact only with legally obtained funds, will not engage in unlawful activity, will not use the Software for illegal purposes such as money laundering or terrorism financing, will avoid actions that damage or impair the Company, and will comply with all applicable laws, including securities, AML, consumer protection, and financial promotion regulations.

Warranties; exclusion of liability

The Platform is provided “as is.” Because it is under development, the Company cannot guarantee availability of any functions or that functionality will remain unchanged. The Company and its affiliates make no representations or warranties, express or implied, regarding uninterrupted operation, error-free performance, security, or absence of harmful components.

Except where prohibited by law, the Company and its affiliates disclaim all implied warranties, including merchantability, fitness for a particular purpose, and non-infringement. The Company is not liable for errors, omissions, damage to devices or funds, or any direct, indirect, punitive, incidental, special, or consequential damages arising from use or inability to use the Software. Clients use the Software at their own risk.

Clients agree to defend, indemnify, and hold the Company harmless from claims, damages, costs, and expenses (including attorneys’ fees) related to their use of the Platform. The Company makes no representation that Services are appropriate in all jurisdictions.

Taxes

The Company bears no responsibility for determining whether taxes apply to client transactions or for collecting, reporting, or remitting any taxes arising from those transactions.

Assignment

Clients may not transfer or assign these Terms and Conditions or any rights or obligations without prior written consent. The Company may freely assign or transfer these Terms, rights, and obligations to any third party at any time. Clients who object to such transfer must stop using the Platform and terminate these Terms by contacting the Company.

Jurisdiction and applicable law

These Terms and any legal relationship arising from them are governed by the laws of Poland, without regard to conflict-of-law rules. Disputes are settled in accordance with Polish law.

Dispute settlement

The Parties will attempt in good faith to resolve disputes through negotiation. Any dispute that cannot be resolved amicably shall be referred to arbitration under the LCIA Rules. The tribunal will consist of three arbitrators, the seat of arbitration shall be London, United Kingdom, and the proceedings will be conducted in English.

Miscellaneous

All communications and documents under these Terms must be in English. These Terms constitute the entire agreement between the Parties and supersede prior arrangements. If any provision becomes illegal, invalid, or unenforceable, the remaining provisions remain in effect. Headings are for convenience only, and singular terms include the plural (and vice versa) as context requires.