PREAMBLES: PLEASE READ CAREFULLY

Savl Wallet is a non-custodial or self-custodial digital wallet designed to hold digital assets. With non-custodial/self-custodial wallets, users have complete control and responsibility over their private keys and assets. This means that users are solely accountable for securing their cryptocurrency holdings and ensuring their safety.

Digital assets, often referred to as cryptocurrencies or digital tokens, are digital representations of value that utilize cryptographic techniques to secure and verify transactions on a decentralized and typically blockchain-based network. These assets can take various forms, including but not limited to cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as digital tokens issued through Initial Coin Offerings (ICOs) or other means. Digital assets can be used for various purposes, including as a medium of exchange, a store of value, and as a means to access and utilize decentralized applications (DApps) within the blockchain ecosystem.

By choosing to use Savl Wallet, you willingly accept the sole responsibility for your actions and acknowledge that any potential losses incurred are your own.

These terms of use are applicable to the Savl website (https://www.savl.com/) and the mobile application, which is available for download from the Apple App Store and Google Play Store.

If you disagree with these terms, we respectfully request that you discontinue the use of the Website, App, and Services immediately.

1. ACCEPTANCE OF TERMS

1.1. Binding Agreement: These Terms of Use ("Terms") establish a legally binding agreement between SAVL Limited, a company registered in the Cayman Islands ("Company", "us", "our", "we") and the user of our Services, Website, and App ("Client", "you").

1.2. Agreement by Usage: By utilizing the Website and/or App, you expressly agree to adhere to and be bound by these Terms, which govern your access and use of our Services. Additionally, we urge you to carefully review our Privacy Policy, which outlines our data collection and usage practices.

1.3. Service Alterations: The Company retains the right to modify, suspend, or remove any of our Services, in whole or in part, at our sole discretion. Such alterations may occur without prior notice.

1.4. Non-Obligation to Monitor: Please note that the Company is not obligated to actively monitor users' compliance with these Terms. While we encourage adherence to these guidelines, we may choose to act upon reported violations or concerns as we deem appropriate.
 

2. CHANGES TO TERMS

2.1. Modification of Terms: The Company reserves the right to update and modify these Terms at any time for various reasons, including legal compliance and improved user experience.

2.2. Notification of Changes: Notice of such changes will be provided by posting a new version of the Terms on the Website and App. These modifications will become effective within five business days from the date of posting.

2.3. Acceptance of Modified Terms: By continuing to use our Services after the updated Terms have been posted, you are deemed to have accepted the modified Terms.

2.4. Disagreement and Discontinuation: If you disagree with the revised Terms, please refrain from using the Site and Services. Your continued use of our Services will be construed as acceptance of the updated Terms.

2.5. Changes to the Site and Services: The Company retains the right to change or discontinue any part of the Site or Services without prior notice or liability, at our sole discretion.
 

3. ELIGIBILITY 

You are eligible to access and utilize our Services provided you meet the age requirement, are not barred under applicable law, and fully agree to abide by these Terms. By accessing the Site or using our Services, you hereby make the following representations and warranties:

3.1. You are of legal age as required by applicable law, possess the legal capacity to enter into binding contracts, and have the authority to bind any entity you may represent.

3.2. You are NOT located in, or a resident of, any Restricted Locations where cryptocurrency transactions are prohibited.

You and any controlling parties are not subject to sanctions or included in any prohibited or restricted lists maintained by entities such as the United Nations, U.S. Government, European Union, or other relevant authorities.

3.3. You possess sound judgment, are capable of accepting responsibility for your actions, and possess full legal capacity to accept and comply with these Terms.

3.4. You have a comprehensive understanding of the risks and potential consequences associated with Digital Asset transactions, including those outlined in Section 6 of these Terms.

3.5. You have thoroughly read, comprehended, and unreservedly accepted these Terms.

4. ACCOUNT SETUP AND USAGE

Savl, a non-custodial/self-custody wallet service, offers a seamless account setup process that does not require formal registration. Users can initiate their account by simply downloading the app and commencing its use. However, it is essential to be aware that certain third-party or advanced Services may necessitate registration and the creation of an Account. Should you choose to create an Account, you affirm and warrant that:

4.1. The information you provide is accurate and kept up-to-date.

4.2. The name associated with your Account corresponds to the payment accounts you intend to use.

4.3. You will diligently adhere to all applicable laws, regulations, and directives governing your use of our Services.

4.4. Unauthorized Use: The Company retains the right to suspend or terminate unauthorized Accounts, pending purchase/sale offers, and may pursue legal remedies as appropriate.

4.5 Security Alerts: The Company shall not be held liable for failure to provide security alerts or for any resulting damages or losses, except in cases of gross negligence.

4.6. Account Usage: You acknowledge and represent that:

4.6.1. Your Account is intended for personal use only.

4.6.2. You will create and maintain only one Account using the App (with the exception of sub-accounts as per section 7.10 herein).

4.6.3. You will not assist others in gaining unauthorized access to any Account, nor will you attempt to access others' Accounts without authorization.

4.6.4. You bear full responsibility for all activities conducted through your Account.

4.6.5. You will refrain from disclosing your Account or wallet details to any third party.

4.7. Account Confidentiality: You are responsible for preserving the confidentiality of your Account, securing your Digital Assets, and monitoring all transactional activity associated with your Account.

4.8. Account Safety: In the event of any unauthorized access, compromise, or security breach related to your Account, please promptly notify us at [email protected], providing relevant details.

5. PROPRIETARY RIGHTS

5.1. Intellectual Property: We or our licensors own the brand names, trademarks, service marks, trade names, and content of the Website and App. By using the Website, App, or Services, you don't obtain any rights to these properties, and their use must comply with these Terms.

5.2. Usage: You may use the Software and its content only for personal, non-commercial use in accordance with these Terms. The Software's code, structure, and organization are protected by intellectual property rights. You agree not to:

5.2.1. Copy, redistribute, reverse engineer, modify, create derivative works, or access source code.

5.2.2. Sell, assign, sublicense, transfer, distribute, or lease the Software.

5.2.3. Make the Software available to third parties.

5.2.4. Export the Software physically or electronically.

5.2.5. Use the Software in a manner prohibited by applicable laws or regulations.

5.3. Liability: You will be liable for any loss, damages, costs, or expenses we suffer due to your Prohibited Deeds. Notify us immediately if you commit, or know of any third party committing, Prohibited Deeds, and provide reasonable assistance with our inquiries or investigations.

6. RISK FACTORS

Before using any of the Services, carefully consider and evaluate each of the following risk factors and all other information in these Terms of Use:

6.1. Market risk: Losses regularly  occur from buying, selling, or trading decentralized finance (DeFi)/cryptocurrency assets due to extreme market fluctuations and inherent volatility. The value of Digital Assets can increase or decrease substantially in days and sometimes hours. You should never invest money that you cannot afford to lose. 

6.2. No guaranteed value: No entity or institution can guarantee that Digital Assets will maintain a certain value or market liquidity. As with all investments and speculation, the value of Digital Assets can drop to zero..

6.3. No government backing: Unlike fiat currencies, Digital Assets aren't regulated or backed by central banks or governments. They rely on technology and trust, and no entity can protect their value in a crisis or control price fluctuations.

6.4. Private key risks: Digital Assets transfers require unique private keys, and losing or destroying a private key results in irreversible loss of access. The Company doesn't have access to private keys and isn't responsible for lost access to personal virtual wallets.

6.5. Technological difficulties: Any technical issues experienced by the Company could potentially prevent access or use of a Client's Digital Assets.

6.6. Speculative nature: Digital Assets trading is highly speculative and risky. The Company doesn't guarantee any profit from trading or other activities associated with the Site. Carefully consider if holding Digital Assets is suitable for you, depending on your financial circumstances.

7. SAVL WALLET SERVICES

7.1. Services Availability: The Company doesn't guarantee the constant availability of Services or any specific level of guaranteed service uptime or Service Level Agreement (SLA). The Company reserves the right to delay, deny, or make unavailable any of its Services, the Website, or Applications, at its sole discretion. The Company isn't responsible for unavailability due to any reason, including force majeure events. Such events may cause delays in transaction processing, and the Company isn't liable for any resulting consequences.

7.2. Wallet Transactions: Savl Wallet serves as a unifying interface and application for the storage, purchasing, selling, swapping, staking, receiving and sending of supported Digital Assets and their respective Blockchains and token types. A Digital Asset is more commonly known as a cryptocurrency and is held in its own unique wallet. When a new asset is added, a new wallet is created to store that asset and each new wallet has a unique address, derivation path, and private key. The Company never takes or holds custody of your Digital Assets or has access to your private keys at any time. 

Note: Savl may change the list of supported Digital Assets at its discretion.

7.2.1. When you download and sign up for Savl Wallet for the first time, your account balance will initially display as zero. You have the option to increase your balance by transferring existing assets from another wallet provider to Savl Wallet. This process involves adding a new digital asset or cryptocurrency to your Savl Wallet and sending the corresponding asset from your existing wallet provider to your new address within Savl Wallet. By choosing to transfer assets to Savl Wallet, you acknowledge and agree to the following terms:

7.2.1.1. User Responsibility: You are solely responsible for initiating and overseeing asset transfers to your Savl Wallet. Savl Wallet accepts no liability for any errors or discrepancies resulting from transfer activities. It is imperative that you exercise caution and due diligence throughout this process.

7.2.1.2. Asset Matching: Ensuring that asset types, blockchains, and token types align between your pre-owned assets and your Savl Wallet is your responsibility. Any mismatches or errors may result in the loss of assets, and Savl Wallet cannot be held accountable for such discrepancies.

7.2.1.3. Wallet Security: While transferring assets, it is crucial to maintain the security of your wallet credentials and private keys. Savl Wallet maintains its non-custodial and decentralized nature, and as such, you retain full control over your wallet and assets. Safeguarding your wallet information is essential to prevent unauthorized access.

7.2.1.4. Asset Ownership: You must comply with all applicable legal and regulatory requirements related to asset ownership and transfers, including tax obligations, in your jurisdiction. Savl Wallet does not provide legal or tax advice. Before initiating asset transfers to Savl Wallet, we strongly recommend that you carefully review and validate all transaction details to ensure the accurate and secure movement of your assets.

7.2.2. Technical Risks of Wallet Transactions: The Company has no control over any Blockchain as they operate independently and autonomously from Savl Wallet and therefore we can never guarantee transaction confirmations or completions. As a result, transactions can sometimes be unresolved/may not be completed or could be delayed due to the respective Blockchain's processing and network congestion issues due to instances of high or exceptional demand.

7.2.3. Transaction Limitations: The Company cannot assist in canceling or modifying transactions already in progress and submitted to a Blockchain, as it has no control over any Blockchain. 

7.2.4. Network Disruption Risks: The Company is not responsible for any loss incurred due to network disruptions within a Blockchain affecting transaction completion, accuracy, or timing.

7.3. Digital Asset Swaps/Exchanges “Swaps”: With Savl, digital Assets can be seamlessly swapped or exchanged across different blockchain networks in various combinations, known as 'trading pairs.' For instance, Ethereum (ETH) can be exchanged for Polygon (MATIC), and Binance Coin (BNB) can be swapped for Ripple (XRP). Savl Wallet provides access to digital asset swaps/exchanges through third-party integrations with both Decentralized Exchanges (DEX) and Cross-Chain Swaps (CCS) providers. These services are offered by Changelly, 1inch, Jupiter and LetsExchange. By using these services, you acknowledge and agree to the following terms and conditions:

7.3.1. Eligibility Criteria: By accessing our services, you affirm that you meet the eligibility criteria outlined in Section 3 of these terms of use. Additionally, you acknowledge that you are primarily bound by the terms and conditions of our third-party providers Changelly, 1inch, Jupiter and LetsExchange. Prior to accessing their services, it is imperative that you review and adhere to their respective terms and conditions.

7.3.2. Responsibility and Liability: Savl Wallet does not accept responsibility for your access to or use of DEX and Cross-Chain Swap services and assumes no liability for any transaction disputes that may arise from your utilization of this service.

7.3.3. Limits: Daily exchange limits are determined by third-party-developed Smart Contracts, and you acknowledge and agree to abide by these limits as per their requirements.

7.3.4. Transaction Consequences: You bear sole responsibility for the consequences of any issues associated with transactions facilitated by the swap/exchange service. This includes but is not limited to incorrect transfers resulting from the selection of different token types or issues related to node server functionality.

7.3.5. Handling and Service Fees: Third-party-developed Smart Contracts may impose handling or service fees for transactions. Savl Wallet cannot guarantee the accuracy or reliability of such fee information and assumes no liability for any loss or damage incurred while using this content.

7.3.6. Savl Wallet Fees: Savl Wallet does not impose additional transaction or handling fees beyond standard network/blockchain/gas fees. Third-party provider DEX and Cross-Chain Swaps fees apply. These fees are subject to change at the discretion of the providers. Savl reserves the right to revise its fee structure as necessary, and any changes will be duly reflected in these terms of use.

7.3.7. Discretion and Updates: Savl Wallet reserves the right to modify or adjust the fee structure, policies, and service offerings at its discretion. Any changes will be reflected in these terms of use.

7.3.8. Customer Support: Savl does not offer support for third-party services. Therefore, any inquiries or concerns regarding customer support should be directed to https://support.changelly.com/, https://help.1inch.io/, https://station.jup.ag/guides/general/faq and https://letsexchange.io/faq, as applicable.

7.4. On & Off-Ramp Services For Digital Assets: When using On-Ramp or Off-Ramp services, you hereby acknowledge and agree:

7.4.1. Purchasing/Buying Digital Assets “On-Ramp”: Savl Wallet users have the capability to purchase digital assets, commonly referred to as "on-ramping" or "on-ramp" transactions. You can acquire digital assets directly from within the Savl Wallet using your credit or debit card as a payment mechanism. As Savl Wallet operates as a non-custodial and decentralized platform, we collaborate with a reputable third-party payment provider to facilitate the conversion of your fiat currency payment into the desired digital asset. Subsequently, the payment provider will credit your wallet with the cryptocurrency or digital asset you purchased, deducting any relevant fees as applicable. 

7.4.2. Selling/Withdrawing Digital Assets “Off-Ramp”: Savl Wallet users also have the capability to liquidate or sell their digital assets directly from within the Savl Wallet, commonly referred to as "off-ramping" or "off-ramp" transactions. The proceeds of off-ramp transactions can be sent directly back to a user's bank card or credit card (depending on the jurisdiction and applicable regulations). In order to facilitate this service, Savl works with a third-party intermediary who will convert your digital assets into fiat currency and credit your bank debit or credit card with the proceeds of the sale. 

7.4.3. Third-Party Payment Provider: Savl Wallet partners with a trusted third-party payment provider called Ramp to process fiat-to-crypto conversions. Any issues, disputes, or concerns related to payment processing, including but not limited to transaction failures, delays, or inaccuracies, should be addressed directly with the payment provider. SAVL Wallet is not responsible for your use of third-party services and holds no liability. You are subject to the third-party service provider's terms and conditions. SAVL Wallet cannot modify, withdraw, or cancel any conversion requests already in progress.

7.4.4. Transaction Fees: When conducting on and off-ramp transactions, you will incur fees as follows:

7.4.4.1. Gas Fees: Each blockchain network will charge specific fees for transactions. These fees are shown within Savl Wallet as a ‘transaction fee’ but are more commonly referred to as ‘gas fees’. Savl has no control over these fees and they are set by each respective blockchain. In some cases, you will be able to choose a faster transaction speed which will incur a larger gas fee. By default, the lowest fee is automatically selected for you.

7.4.4.2. Third-Party Fees: We work with a trusted third party called Ramp (“Payment Provider”) to provide users with the ability to purchase or sell cryptocurrencies using their debit or credit card, bank transfer and Apple & Google pay. Ramp’s fees are available here. Transaction fees are determined by the Payment Provider and may vary based on factors such as transaction volume, payment method, and currency exchange rates. Savl Wallet is not responsible for setting or controlling these fees. 

7.4.4.3. Savl Fees: Savl does not presently charge any fees for on & off-ramp transactions but reserves the right to do so in the future. Savl Wallet is not responsible for fees charged by third-party service providers or your bank/credit card issuer(s).

7.4.5. Currency Conversion: The conversion rate from fiat currency to digital assets is determined by the payment provider and may be subject to market fluctuations. Savl Wallet does not guarantee or control the exchange rate at the time of your transaction.

7.4.6. Non-Custodial Nature: Savl Wallet remains non-custodial and decentralized throughout the on-ramping process. Your private keys and control over your wallet remain unaffected. It is essential to safeguard your wallet credentials and take necessary security precautions.

7.4.7. Regulatory Compliance: In order to comply with international regulations you may need to provide information and/or documentation to third-party providers and payment processors for Anti-Money Laundering (AML) or Know Your Client (“KYC”) purposes.

7.4.8. Customer Support: Savl does not offer support for third-party services. Therefore, any inquiries or concerns regarding customer support should be directed to https://support.ramp.network/

7.4.9. Technical Provider: Savl Wallet is a non-custodial or self-custodial digital wallet designed for holding digital assets, granting users complete control over their private keys and assets. Users are solely responsible for securing their cryptocurrency holdings. Savl Wallet operates solely as a technology provider and bears no liability for third-party applications or services accessed through its platform. Users are advised to exercise caution and conduct thorough research before engaging with any third-party applications. 

Disclaimer: You are responsible for ensuring compliance with all relevant legal and regulatory requirements in your jurisdiction concerning the purchase and ownership of digital assets. Savl Wallet does not provide legal or financial advice. Please carefully review and accept these terms before proceeding with on-ramp and off-ramp transactions through Savl Wallet. We encourage users to conduct their own due diligence and make informed decisions when participating in the digital asset market.

7.5. Staking Digital Assets “Staking Service”: Staking refers to the process by which holders of a specific cryptocurrency lock up or "stake" a certain amount of their tokens in a network's wallet to participate in the operation and security of a blockchain network, and in return, they may receive rewards or benefits. Staking is often associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, which determine the validators of transactions and block creation based on the amount of cryptocurrency tokens staked by participants. When accessing or using the Staking Service, where a third party may stake certain Digital Assets on your behalf ("Staked Digital Assets") to act as a transaction validator on the applicable blockchain network, you acknowledge and agree that SAVL Wallet is not responsible for:

7.5.1. Staking Participation: By choosing to stake your tokens with us, you agree to lock up the specified amount of tokens for the designated staking period, as defined by the terms of the specific staking service. Staking rewards, if applicable, will be provided according to the terms specified in the staking service description. Rewards may be in the form of additional tokens, a share of transaction fees, or other benefits as determined by the Company.

7.5.2. Risk Disclosure: Staking involves certain risks, including but not limited to market fluctuations, loss of staked tokens, and potential breaches of network security. You understand and accept these risks and acknowledge that the Company is not responsible for any losses or damages incurred during the staking period.

7.5.3. No Financial Advice: The information provided by the Company on the staking service and associated materials is for informational purposes only. It is not intended as financial, investment, or legal advice. You should conduct your own research and seek professional advice before participating in the staking service.

7.5.4. Termination and Unstaking: The Company reserves the right to modify or terminate the staking service at any time without prior notice. In such cases, participants will have the opportunity to destake their tokens and withdraw them according to the Company's procedures. The destaking process may have specific conditions and waiting periods, as determined by the Company or the blockchain network. You acknowledge that these conditions are beyond our control, and we are not liable for any delays or issues related to destaking.

7.5.5. Security Responsibilities: You are responsible for the security of your wallet credentials, private keys, and access to your staked tokens. The Company is not liable for any unauthorized access, loss, or theft of your tokens resulting from your failure to secure your account properly.

7.5.6. Tax and Legal Compliance: It is your responsibility to comply with all relevant legal, tax, and regulatory requirements in your jurisdiction concerning staking and the receipt of rewards. The Company does not provide legal or tax advice.

7.5.7. Changes to Terms: The Company reserves the right to modify or update these terms and conditions at any time. It is your responsibility to review the terms periodically for changes. Your continued participation in the staking service constitutes acceptance of any revised terms. By participating in our staking service, you acknowledge that you have read, understood, and agreed to these terms and conditions. If you do not agree with any part of these terms, please refrain from using our staking service.

7.6. Purchasing Goods & Services: Savl Wallet has integrated with Bitrefill, a renowned crypto e-commerce store that facilitates users in purchasing a wide range of online goods and services, digital gift cards, and phone refills using their digital assets or cryptocurrencies, such as Bitcoin, Litecoin, or Ethereum. This integration enhances the utility of Savl Wallet by providing you with convenient access to these services. By utilizing the Bitrefill integration through Savl Wallet, you acknowledge and agree to the following terms:

7.6.1. Third-Party Integration: Bitrefill operates as a separate, third-party service that is integrated into Savl Wallet for your convenience. Savl Wallet acts solely as a platform for accessing Bitrefill's services and does not control or operate Bitrefill's services or infrastructure.

7.6.2. No Liability: Savl Wallet assumes no responsibility or liability for any issues, disruptions, inaccuracies, or disputes arising from your interactions with Bitrefill or the use of their services. Any concerns, complaints, or disputes related to Bitrefill's services should be addressed directly with Bitrefill. Savl Wallet is not liable for any losses, damages, or inconveniences resulting from the use of Bitrefill's services.

7.6.3. Terms of Use: When using Bitrefill services through Savl Wallet, you are bound by Bitrefill's terms of use, privacy policy, and any other applicable agreements or policies established by Bitrefill. It is your responsibility to review and comply with these terms.

7.6.4. Security Considerations: While using Bitrefill services, please exercise due diligence in safeguarding your wallet credentials, private keys, and any sensitive information. Savl Wallet remains non-custodial and decentralized, and your security measures are essential to protect your digital assets.

7.6.5. Customer Support: Savl does not offer support for third-party services. Therefore, any inquiries or concerns regarding customer support should be directed to https://help.bitrefill.com/

7.6.6. No Service Guarantee: Savl Wallet aims to provide you with convenient access to Bitrefill's services, but we cannot control or guarantee the performance, availability, or terms of those services. We recommend that you carefully review and understand Bitrefill's policies and contact Bitrefill directly for any assistance or inquiries related to their services.

7.7. Know Your Transaction (KYT) Verification Checks: The Know Your Transaction (KYT) service provided by Savl is a risk assessment and information tool designed to analyze and evaluate the potential risk associated with cryptocurrency wallet addresses and transactions. KYT aims to assist users in identifying transactions or wallet addresses that may be linked to suspicious or unlawful activities, including but not limited to criminal proceeds, fraud, or involvement in activities associated with the dark web. The KYT service utilizes available data sources to provide users with insights into the risk level of engaging in transactions with specific wallet addresses or individuals within the cryptocurrency ecosystem. It is important to note that KYT results are for informational and guidance purposes only and do not constitute financial, legal, or investment advice. By utilizing the Know Your Transaction (KYT) services, you agree to the following terms and conditions:

7.7.1. Informational Service: The information obtained through the KYT service is for informational and guidance purposes only and should not be considered as financial, legal, or investment advice. You acknowledge that KYT results are based on available data and may not provide comprehensive insights into the nature of the transactions or wallet addresses in question.

7.7.2. Methodologies and Results: Results and risk scores provided by our Know Your Transaction (KYT) service may vary due to the use of multiple providers, each employing their own methodologies and information sources for risk assessment. Savl bears no liability for any inconsistencies in results. The KYT service is solely informational and does not constitute legal or financial advice.

7.7.3. Limitation of Liability: SAVL accepts no liability for any direct, indirect, incidental, special, or consequential losses or damages arising from the use of the KYT service, including but not limited to financial losses, legal disputes, or reputational harm.

7.7.4. Confidentiality: You agree to maintain the confidentiality of all KYT-related information provided by the service and will not share such information with third parties for malicious or unlawful purposes.

7.7.5. Legal Consequences: Unauthorized use or sharing of KYT information for malicious purposes, including but not limited to facilitating criminal activities or violating privacy rights, may result in legal consequences, including civil and criminal penalties.

7.7.6. Data Collection and Sharing: SAVL may collect and retain IP address-level data to ensure the integrity and security of the KYT service. This data may be shared with law enforcement agencies upon their lawful request to assist in investigations related to fraudulent or illicit activities.

7.7.7. Identity Verification for Advanced KYT Reporting: For advanced-level KYT reporting and access to enhanced features, you may be required to undergo identity verification through a third-party Know Your Customer (KYC) process. This may involve providing legal details, government-issued identification, and visual liveness confirmation to prevent the misuse of KYT information for unlawful purposes.

7.7.8. Compliance with Applicable Laws: You agree to use the KYT service in compliance with all applicable laws, regulations, and sanctions in your jurisdiction and the jurisdiction of the wallet addresses or individuals being assessed.

7.7.9. No Guarantee of Accuracy: You acknowledge that the KYT service provides risk assessment based on available data sources, and it may not guarantee the accuracy, completeness, or real-time status of the information provided.

7.7.10. Service Availability: The availability and functionality of the KYT service may be subject to periodic maintenance, updates, or disruptions. The Company reserves the right to modify or suspend the service at its discretion.

7.7.11. Changes to Terms: The Company reserves the right to modify or update these terms and conditions at any time. It is your responsibility to review the terms periodically for changes. Your continued use of the KYT service constitutes acceptance of any revised terms.

Disclaimer: By using our KYT services, you acknowledge that you have read, understood, and agreed to these terms and conditions. If you do not agree with any part of these terms, please refrain from using our KYT service.

7.8. NFT Browser: Savl Wallet offers users an NFT (non-fungible tokens) Browser, allowing them to conveniently view and securely store their NFTs directly within their Savl Wallet. This service is solely for viewing and storing NFTs; users cannot send, sell, or trade NFTs through this feature. By accessing the NFT Browser service, you agree to abide by the following terms and conditions:

7.8.1. While we strive to provide a seamless and secure experience, it is important to note that NFTs are blockchain-based assets, and their ownership may be subject to the rules and functionalities of the respective blockchains. 

7.8.2. The support for NFT browsing on the Solana, Ethereum, Binance Coin, Polygon, and Avalanche blockchains does not imply endorsement or verification of the NFTs themselves. Savl may remove or add access to blockchains without prior notice.

7.8.3. Users are encouraged to exercise due diligence and caution when engaging with NFTs and associated transactions. Please be aware that the value and authenticity of NFTs are determined by the blockchain and the underlying smart contracts. 

7.8.4. Savl Wallet is not responsible for any disputes, losses, or issues arising from NFT ownership or transactions. Users are advised to verify the legitimacy and provenance of NFTs before making any transactions or commitments. 

7.8.5. NFT Storage & Content Licenses: By storing NFTs in SAVL Wallet, you affirm your legal rights to their associated content and grant us a license to handle it for service provision. We do not monitor NFTs for intellectual property issues; you are responsible for due diligence. You release us from any related claims or damages.

7.9. WalletConnect: Savl Wallet has seamlessly integrated WalletConnect into its ecosystem. WalletConnect is an open-source protocol and cryptocurrency 'bridge' that facilitates secure and private connections between self-custody cryptocurrency wallets, such as Savl, and decentralized applications (DApps) within the broader Web3 ecosystem. This integration empowers you to interact with DApps without compromising the security of your private keys, ensuring your safety throughout your crypto journey. By using Savl Wallet and engaging in WalletConnect integrations with DApps, you acknowledge and agree to the following terms and conditions:

7.9.1. User Responsibility: You understand and accept that you are solely responsible for any WalletConnect integrations and connections that you implement and consent to. Savl Wallet explicitly disclaims any responsibility for issues arising from WalletConnect integrations and connections within the Savl Wallet ecosystem.

7.9.2. Fraudulent Activities and Scams: Savl Wallet accepts no liability for any fraudulent activities or scams that may occur as a result of connecting to DApps that are fraudulent or associated with scams. It is incumbent upon you to conduct thorough due diligence before establishing connections between your Savl Wallet and any DApps. 

Note: You must always ensure the veracity and authenticity of the DApp's publisher or provider before initiating a connection. Your diligence is essential in safeguarding your assets and privacy.

7.9.3. Acknowledgment of Risks and Responsibilities: By using Savl Wallet and participating in WalletConnect integrations with DApps, you acknowledge and accept the inherent risks and responsibilities associated with these actions. These risks include potential financial losses, privacy concerns, and any legal or regulatory obligations specific to your jurisdiction.

7.9.4. Compliance with Applicable Laws: You agree to use Savl Wallet and the WalletConnect integration in full compliance with all applicable laws, regulations, and sanctions in your jurisdiction.

7.9.5. Security Measures: Safeguarding your wallet credentials and private keys is of paramount importance. While using WalletConnect, it remains your responsibility to maintain the security of your wallet information to prevent unauthorized access or potential security breaches.

7.10. Sub-Accounts: Sub-Accounts, as offered by Savl Wallet, refer to additional and separate account entities that can be created and managed by users from within their existing primary account, known as the 'Master Account.' Sub-accounts enable users to create multiple accounts from their Master Account and are designed to help users better manage their digital assets. Sub-Accounts are subject to the terms and conditions outlined by Savl Wallet. Sub-accounts can not be permanently closed once opened, however they may be archived. Users can transfer assets between Sub-Accounts and are responsible for covering any associated network or blockchain fees. Savl Wallet offers users the Sub-Accounts feature to enhance asset management and trading flexibility within the Savl Wallet ecosystem. When using sub-accounts, you acknowledge and agree to the following terms and conditions:

7.10.1. Sub-Account Creation & Use-Cases: Users have the option to set up multiple Sub-Accounts under their existing primary account, referred to as the "Master Account." Sub-Accounts are designed to enable users to manage their assets and trading strategies effectively, allowing for the implementation of different strategies for each Sub-Account. Users may create Sub-Accounts for various purposes, including but not limited to savings, investments, spending, or any other use case they deem appropriate. 

7.10.2. Archiving Sub-Accounts: Sub-Accounts cannot be permanently closed. However, users have the option to archive Sub-Accounts, effectively removing them from the active view. Archived Sub-Accounts can be reactivated at the user's discretion.

7.10.3. Asset Transfers: Users can transfer assets between Sub-Accounts using the built-in Send functionality provided by the Savl Wallet platform.

7.10.4. Additional Currencies: Users have the flexibility to add new digital currencies to any Sub-Account as needed.

7.10.5. Network/Blockchain Fees: When transferring assets between Sub-Accounts, users are responsible for covering any applicable network or blockchain fees. These fees are separate from any fees Savl Wallet may impose and are subject to the network or blockchain being used.

7.10.6. Sub-Account Limitation: Under the free plan, users are limited to a maximum of three (3) Sub-Accounts associated with their Master Account. Additional Sub-Accounts may be available under premium or subscription-based plans, subject to terms and conditions specific to those plans.

7.10.7. Modification of Terms: The Company reserves the right to modify or update these terms and conditions related to the Sub-Accounts feature at any time. Users will be notified of any changes, and continued use of the feature constitutes acceptance of the revised terms.

7.11. Savl Community: Community, is an in-application social platform designed to enable users to connect, build communities, share content, and engage with audiences. We offer these services for free, without compromising your privacy. Below, you will find detailed terms and conditions that govern your use of Savl Community. Please review them carefully. Our Privacy Policy further explains how we handle your data:

7.11.1. Social Features: Savl enables users to create public or private profiles with names and profile images. Depending on your access settings, you can create posts containing text, hyperlinks, and images. Other users can view, like, and share your posts if they are public.

7.11.2. Followers & Audiences: By creating and sharing content, you may receive likes, comments, and followers, fostering an engaged and dynamic community.

7.11.3. Social Content Sharing User Responsibility: When using our Services and sharing content, please comply with applicable laws and share only appropriate and respectful content. You use the content shared on our platform at your own risk. We do not guarantee the accuracy of information or endorse any opinions expressed by users. We cannot monitor all content on our platform, but we reserve the right to remove any content that violates our guidelines. Please report copyright infringement at [email protected].

7.11.4. Social Content Rights: You retain ownership rights to the content you submit. By posting content on our platform, you grant us a worldwide, royalty-free license to use, modify, and distribute it for the purpose of promoting and improving our Services. We are committed to respecting your rights and those of our users through evolving rules for our partners. Please ensure that your content does not include copyrighted or proprietary material unless you have the legal right to share it.

7.11.5. Using the Services: Our services are subject to change, and we reserve the right to remove or limit content, suspend or terminate user accounts, or take other appropriate actions as necessary. We may access and disclose information as required by law or to protect our rights and the safety of our users.

7.11.6. Ending Your Social Access: You have the option to deactivate your account at any time, effectively terminating your agreement with us. We may also suspend or terminate your account if you violate our terms or pose a legal risk to our platform. Certain sections of these terms will continue to apply even after account termination.

7.11.7. Disclaimers and Limitations of Liability: Savl's social and related content are provided on an "AS IS" and "AS AVAILABLE" basis. We disclaim all warranties and will not be liable for any harm or loss resulting from the use of our services. To the extent permitted by law, we shall not be liable for any indirect, incidental, or consequential damages arising from the use of our services.

7.11.8. Information We Collect: To enhance your experience and provide relevant content, we collect data on your usage, including information related to posts, date, time, geography, and interactions. Please refer to our Privacy Policy for more details.

7.11.9. Sharing Your Information When Required By Law: We may share your information to comply with legal requirements, maintain platform integrity, and protect our rights, our users' rights, and our property.

7.11.10. Savl Community Rules: We have established rules to foster safe and inclusive conversations while preventing violence, harassment, and harmful behaviors. Violation of these rules may result in immediate loss of social functionality, potential account closure, and asset transfer from our platform. The following are strictly prohibited on our platform:

A. Violence: Threats or glorification of violence against individuals or groups.

B. Terrorism/Extremism: Promoting or threatening terrorism or violent extremism.

C. Child Exploitation: Zero tolerance for child sexual exploitation.

D. Abuse/Harassment: Targeted harassment or incitement of harm against others.

E. Hateful Conduct: No promotion of violence, threats, or harassment based on personal characteristics.

F. Violent Perpetrators: Removal of accounts related to terrorists, extremists, or mass attackers.

G. Suicide/Self-Harm: Prohibition of promoting or encouraging self-harm.

H. Sensitive Media: Excessive gory, violent, or adult content, including sexual violence or assault.

I. Illegal/Regulated Goods: Prohibition of illegal activities or transactions involving unlawful or regulated goods/services.

7.12. Messenger: Messenger service is provided by Savl. Before using our encrypted messaging platform, please review the following terms and conditions carefully. By accessing or using the messenger service, you agree to be bound by these terms and conditions. If you do not agree with any part of these terms, you should refrain from using the messenger service:

7.12.1. End-to-End Encryption: Our messenger service employs end-to-end encryption, which is activated by the user through their seed phrase. This encryption ensures that only the intended recipients can access and decipher the messages exchanged.

7.12.2. Zero Knowledge Policy: Savl adheres to a strict zero-knowledge policy with regard to the messenger service. We do not have access to user conversations, nor do we store any private data related to chats, private keys, or encryption keys.

7.12.3. User Responsibility: Users are solely responsible for managing and safeguarding their seed phrases, which are essential for activating end-to-end encryption. Savl cannot retrieve lost or forgotten seed phrases, and users must ensure their confidentiality to maintain the security of their conversations.

7.12.4. Privacy and Confidentiality: We respect the privacy and confidentiality of user communications. Messages exchanged through our messenger service are considered private and confidential, and Savl does not access, monitor, or store them in any form.

7.12.5. Use of Service: Users agree to use the messenger service in compliance with applicable laws and regulations. Any misuse of the service for unlawful purposes, including but not limited to harassment, defamation, or illegal activities, is strictly prohibited.

7.12.6. Limitation of Liability: Savl shall not be liable for any damages, losses, or liabilities arising from the use of the messenger service, including but not limited to the interception or unauthorized access to messages, data breaches, or technical issues.

7.12.7. Modification of Terms: Savl reserves the right to modify or update these terms and conditions for the messenger service at any time. Users will be notified of any changes, and continued use of the service constitutes acceptance of the revised terms.

8. THIRD-PARTY SERVICES

8.1. Third-Party API Providers: Cryptocurrency exchanges and information provided through our Services are facilitated by Third-Party Service providers. Savl does not directly engage in virtual currency exchanges or provide price data.

8.2. Geo-Blocking and Security: Access to Third-Party API Providers may be restricted in certain countries or states. While we implement security measures, we cannot guarantee protection against all security threats. We and our third-party providers are not liable for any unauthorized access, use, or disclosure of data.

8.3. Accuracy of Information: Although we strive to provide accurate real-time data, we do not warrant the accuracy of information obtained from third-party providers. Users are encouraged to verify information independently before making decisions. We assume no liability for user decisions based on such information.

8.4. Third-Party Software and Services: We do not control the terms, policies, or performance of third-party entities. Therefore, we are not responsible for pricing, exchange rates, or customer support provided by third-party software, sites, or services. Transactions conducted on third-party platforms are governed by their respective Terms of Service.

8.5. Use of Third-Party Services: Your use of our Site and/or Services may entail the utilization of third-party services. Such usage is subject to the privacy policies, terms of use, and fees of the respective Third-Party Services.

8.6. Third-Party Websites: Our Site and/or Services may contain links to Third-Party Websites, each governed by its own terms and privacy policies. Your engagement with Third-Party Websites is subject to their individual terms and conditions.

Disclaimer: We do not endorse or assume responsibility for Third-Party Websites, including their behavior, opinions, or content. Any transactions conducted with Third-Party Websites are undertaken at your own risk.

9. YOUR RESPONSIBILITIES

9.1. Prohibition of Criminal Activity: You are expressly prohibited from engaging in any criminal or fraudulent activity while using our Website, App, and Services. This includes, but is not limited to, activities such as fraud, money laundering, illegal gambling, terrorist financing, and hacking. Any suspicious or prohibited activity detected may result in the cancellation, suspension, or freezing of your Account. You are personally liable for any losses incurred by the Company or third parties due to non-compliance or violations of these rules.

9.2. Tax Obligations:  You are solely responsible for all tax obligations from your use of our app and services, including reporting and paying taxes as required by law. We do not offer tax advice or withhold taxes. Consult a tax professional to ensure compliance.

9.3. Security of Credentials and Wallet: Safeguarding the security of your credentials, including your username and password, along with your digital wallet addresses and private keys, is your sole responsibility. The Company holds no liability for any loss or theft of these credentials due to viruses or malware on your device. Any hacking attempts or security breaches should be reported promptly.

9.4. Recovery Phrase Protection: In the event of losing access to your Wallet, a recovery phrase may be necessary for restoration. It is your exclusive responsibility to securely retain and protect your recovery phrase. The loss of your recovery phrase may result in an inability to access or transfer your cryptocurrency. The Company does not assume responsibility for the security of your recovery phrase.

9.5. Vigilance Against Threats: Use reputable virus screening software to protect your device and exercise caution when encountering electronic messages that claim to be from us. The Company is not liable for any damage or interruptions caused by viruses, phishing attacks, or other electronic threats. Always log into your Account through the official App and avoid engaging with inauthentic communications.

9.6. Compliance with Legal Requirements: You are obligated to ensure that your use of our Website, App, and Services fully complies with applicable laws, regulations, and directives in your jurisdiction. You confirm that you will refrain from engaging in unlawful, criminal, or fraudulent activities or prohibited transactions. The Digital Assets exchanged and received through our Services must also be used strictly in accordance with the law.

10. RIGHT TO RESTRICT, SUSPEND OR TERMINATE ACCOUNT 

Savl reserves the unilateral right to restrict, suspend, or terminate your Account, deny access to the Website and/or App, cancel or reverse transactions, and initiate legal actions, all at its sole discretion. These actions may be undertaken if there is a reasonable suspicion of any of the following:

10.1. Breach of the Terms of Use or transaction terms and conditions.

10.2. Unauthorized use of your Account or any attempt at unauthorized access to the Website or App, as well as assisting others in such endeavors.

10.3. Involvement in activities including but not limited to money laundering, terrorist financing, fraud, or any other illegal activities.

10.4. Necessity to comply with court orders, law enforcement agencies, or regulatory inquiries.

10.5. Abusive use of the Services, including multiple account openings.

10.6. Refusal of necessary services by third-party providers due to non-compliance.

10.7. Actions causing problems or reputational harm to the Company.

10.8. Occurrence of force majeure events or operational/technical errors that affect the operation of the Services.

10.9. Association with suspended or terminated accounts or failure to pass compliance checks.

10.10. Other Reasons for Suspension or Termination: The Company retains the right to suspend or terminate your access to your Account and/or Services for any reason not explicitly listed in these Terms.

10.11. Consequences of Suspension or Termination: In the event of suspension or termination initiated by the Company, you are obliged to cease using your Account and the Services immediately. In cases of termination or suspension by the Company, pending exchange transactions of Digital Assets may be canceled.

10.12. Client Initiated Termination: You possess the right to terminate the Client agreement and close your Account by sending a notice via email to our designated contact. The termination will become effective upon the closure of your Account, which typically occurs within ten (10) calendar days after receipt of your termination email. Please note that termination solely affects the information within your account on our software and does not impact wallets in other Blockchains connected to your Account. Until your Account is officially closed, you remain responsible for any activity associated with it.

10.13. Cancellation of Pending Transactions: Following termination or suspension by the Company or upon receipt of your termination email, we reserve the right to cancel any pending exchange transactions involving Digital Assets.

10.14. Other Rights and Remedies: The termination of the Client agreement does not in any way prejudice or limit any other rights or remedies available to either party, whether for the breach of these Terms or any other breaches thereof.

11. WARRANTIES & INDEMNIFICATION

11.1. No Warranty: Your utilization of the Company Services is undertaken at your own risk. The Company does not warrant or guarantee the accuracy, completeness, or uninterrupted availability of the services. Additionally, the Company does not assure the absence of viruses or bugs in the software or server associated with the services. You assume full responsibility and bear the entire risk when using the Company Services.

11.2. Limitation of Liability: The Company, its affiliates, and service providers shall not be liable for any direct, indirect, special, incidental, or consequential damages arising from your use of the Company Services. This includes, but is not limited to, loss of business, profits, revenue, data, contracts, or anticipated savings. The Company is not responsible for acts or omissions of your internet service provider or other third parties. Your use of the Company Services is conducted at your sole discretion and risk.

11.3. Indemnification: You agree to defend, indemnify, and hold harmless the Company and its affiliates from any claims, liabilities, damages, or costs arising from your breach of the Terms of Use, your use of the Company Services, violation of laws, or infringement of third-party rights.

Disclaimer: The Company does not provide financial or investment advice. Any information offered by the Company regarding digital assets is not to be considered investment advice. The decision to buy or sell digital assets remains your sole responsibility, and the Company is not liable for any losses incurred. For specific financial guidance, you should consult with your own advisors

12. CLIENT-COMPANY CONTACT

12.1. Contacting You: By furnishing your contact details during the registration process, you provide consent for us to communicate with you directly concerning your utilization of the Services or other products/services offered by us.

12.2. How to Contact Us: Should you have inquiries, feedback, or complaints, our customer support is available for your assistance at [email protected]. Please include any relevant information so that we can assist you effectively. Note that customer service calls may be recorded for quality assurance purposes.

13. GOVERNING LAW 

The Terms of Use and the relationship between you and the Company are governed by the laws of the Cayman Islands. Any disputes arising from or related to the Terms of Use shall be exclusively resolved in the courts of the Cayman Islands.

14. MISCELLANEOUS

14.1. Status of the Parties: You and the Company are independent contractors, and these Terms of Use do not establish a partnership, agency, or fiduciary relationship between you and the Company.

14.2. Waiver: Any waiver by the Company of any terms of the User Agreement does not constitute a waiver of any subsequent breach of the Terms of Use.

14.3. Third Parties: The Terms of Use do not confer any rights or benefits to third parties unless expressly stated otherwise.

14.4. Survival: Provisions that are necessary to fulfill their purpose shall survive termination or expiration of the Agreement.

14.5. Entire Agreement: The Terms of Use constitute the final and complete understanding between you and the Company, superseding any prior agreements or understandings.

14.6. Assignment: You may not assign any rights or obligations under the Terms of Use. The Company may assign its rights without notice to you. In the event of a merger or acquisition, the Company may transfer or assign the information you provided as part of such transaction.

14.7. Severability: If any provision of the Terms of Use is deemed illegal or unenforceable, the remaining provisions shall remain in full force and effect, with the invalid or unenforceable provision construed to reflect the original intent of the parties as closely as possible.

14.8. English Language: The English version of the Terms of Use governs, and any translations provided are for convenience only. In case of discrepancies, the English version prevails.

14.9. Confidentiality: If you receive confidential information during the use of the Services, you are obligated to keep it confidential and use it only as permitted under the Terms of Use. Disclosure of such information requires the Company's prior written consent. Upon termination or request, you must return or destroy any confidential information received from the Company.