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Terms of Service

Last Updated: November 7th, 2024

Welcome to ElectroSwap! By accessing or using ElectroSwap, a decentralized exchange (DEX) platform operating on the Electroneum Smart Chain, you agree to abide by these Terms of Service (“Terms”). Please read these Terms carefully. By using ElectroSwap, you acknowledge that you understand and accept these Terms, as well as any additional guidelines or policies referenced here.

1. General Overview​

ElectroSwap is a decentralized exchange platform that facilitates peer-to-peer trading of digital assets without a centralized intermediary. ElectroSwap operates solely as a technology provider, offering smart contracts and tools that enable the direct exchange of tokens between users. Users retain full control of their assets throughout the trading process.

By using ElectroSwap, you acknowledge that you are using a decentralized platform and that all transactions are final and cannot be reversed.

2. Eligibility​

To access and use ElectroSwap, you must:

  • Be at least 18 years of age or the legal age of majority in your jurisdiction.
  • Have the legal capacity to enter into a binding agreement.
  • Comply with all applicable laws and regulations.

If you do not meet these requirements, you are not permitted to use ElectroSwap.

3. Use of the Platform​

3.1 User Responsibility​

ElectroSwap is a non-custodial platform, meaning that users are solely responsible for managing their private keys and wallets. You are responsible for safeguarding your wallet’s private key, mnemonic phrase, and any other security information used to access the platform. ElectroSwap cannot recover lost or stolen keys, and it is not liable for any loss resulting from unauthorized access.

3.2 Transaction Irreversibility​

Once a transaction is submitted on ElectroSwap, it is final and cannot be modified, canceled, or reversed. By using the platform, you accept the inherent risks associated with cryptocurrency transactions, including the possibility of irreversible losses due to market volatility, token incompatibility, and user error.

3.3 Prohibited Activities​

While using ElectroSwap, you agree not to engage in any of the following prohibited activities:

  • Using ElectroSwap for illegal purposes, including money laundering, terrorist financing, or other criminal activities.
  • Attempting to hack, overload, or disrupt the platform or any smart contracts on the Electroneum Smart Chain.
  • Engaging in front-running, wash trading, or other forms of market manipulation.

ElectroSwap reserves the right to restrict access to any user found to be engaging in prohibited activities.

4. Risk Acknowledgment​

By using ElectroSwap, you acknowledge and accept the following risks:

4.1 Volatility Risk​

Cryptocurrency markets are highly volatile, and token prices can fluctuate rapidly. You are solely responsible for any trading decisions you make on ElectroSwap, including losses incurred due to market movements.

4.2 Smart Contract and Security Risks​

ElectroSwap is powered by smart contracts that operate on the Electroneum Smart Chain. While these smart contracts are designed to facilitate secure transactions, they are subject to potential vulnerabilities, bugs, or exploits. ElectroSwap cannot guarantee the security of these contracts and is not liable for any losses resulting from security breaches or contract vulnerabilities.

4.3 Token Compatibility and Functionality​

ElectroSwap lists various tokens for trading. However, not all tokens are fully compatible with the platform, and certain tokens may behave unexpectedly due to contract code. It is the user's responsibility to verify token compatibility and assess any associated risks before trading on ElectroSwap. ElectroSwap does not provide warranties or guarantees regarding token functionality.

4.4 Regulatory Risk​

Cryptocurrency trading may be subject to regulatory scrutiny in certain jurisdictions. You acknowledge that ElectroSwap is not responsible for determining which regulations apply to you and that you alone bear any risk associated with regulatory changes affecting your use of the platform.

5. Fees​

ElectroSwap charges transaction fees for swaps, which are transparently displayed before each transaction. By submitting a transaction, you agree to the fee schedule in effect at that time. ElectroSwap reserves the right to update its fee schedule as needed and without prior notice.

Additional gas fees required by the Electroneum Smart Chain are the sole responsibility of the user. ElectroSwap does not control gas fees and is not liable for fluctuations in these costs.

6. Token Listings and Liquidity​

ElectroSwap does not endorse or guarantee the value or legitimacy of any tokens listed on the platform. Tokens on ElectroSwap are traded on liquidity pools funded by users, and the presence of a token on the platform does not imply ElectroSwap’s endorsement.

ElectroSwap provides built-in liquidity-locking features to encourage safer trading environments. However, users are responsible for conducting their due diligence and understanding the risks of token interactions, including potential rug pulls, liquidity issues, and incompatibility.

7. Third-Party Services​

ElectroSwap may integrate third-party services, applications, or protocols, which are not controlled or operated by ElectroSwap. Your use of any third-party services is at your own risk, and ElectroSwap disclaims all liability arising from or related to third-party services.

8. Intellectual Property​

ElectroSwap retains all ownership rights to the platform’s code, branding, logos, and content, except for open-source code or code owned by third parties. You are granted a limited, non-exclusive license to use the platform solely for its intended purpose, as described in these Terms.

9. Indemnification and Hold Harmless​

By using ElectroSwap, you agree to indemnify, defend, and hold harmless ElectroSwap, its developers, affiliates, partners, and contributors from any claims, losses, damages, or expenses arising out of or related to:

  • Your violation of these Terms.
  • Your misuse of the platform or any features provided by ElectroSwap.
  • Any dispute between you and third parties, including other users, arising from interactions on ElectroSwap.

ElectroSwap operates in a decentralized environment and does not have control over user actions or blockchain events. By using the platform, you acknowledge and agree to hold ElectroSwap harmless from liability for any loss, damage, or consequence arising from platform use, including but not limited to security breaches, regulatory actions, or token value fluctuations.

10. Limitation of Liability​

ElectroSwap, its developers, affiliates, and contributors are not liable for any direct, indirect, incidental, consequential, or punitive damages arising out of or related to your use of ElectroSwap. This includes, without limitation, losses related to token prices, gas fees, failed transactions, or smart contract vulnerabilities. You assume full responsibility for all transactions and interactions on the platform.

11. Disclaimer of Warranties​

ElectroSwap is provided “as is” and “as available” without warranties of any kind, whether express or implied. ElectroSwap disclaims all warranties, including but not limited to:

  • Fitness for a particular purpose.
  • Merchantability.
  • Non-infringement.

ElectroSwap does not guarantee that the platform will be free from errors, secure, or uninterrupted, and is not responsible for losses due to unforeseen technical issues.

12. Changes to the Terms​

ElectroSwap reserves the right to modify these Terms at any time. Changes will take effect upon posting the updated Terms on the ElectroSwap website or app. By continuing to use ElectroSwap after the changes are posted, you agree to the revised Terms.

13. Governing Law and Dispute Resolution​

These Terms are governed by the laws of Oklahoma State in the United States of America, without regard to its conflict of laws principles. Any disputes arising from or relating to these Terms shall be resolved through binding arbitration in the United States of America.

14. Contact Information​

For questions or concerns about these Terms or your use of ElectroSwap, please contact us at:

Email: [email protected]
Website: https://electroswap.io

By using ElectroSwap, you acknowledge that you have read, understood, and agreed to these Terms of Service. Thank you for choosing ElectroSwap for your decentralized trading needs.