Legal Terms
Date of the Latest Revision: 28th Jan 2025
TERMS OF USE AND SERVICES
PLEASE READ THESE TERMS OF USE AND SERVICES (“TERMS”) CAREFULLY BEFORE USING THE SERVICES. BY USING THE SERVICES, YOU AGREE TO BE LEGALLY AND UNCONDITIONALLY BOUND BY THESE TERMS. EXCEPT FOR THESE TERMS, ANY OTHER INFORMATION PROVIDED IN CONNECTION WITH YOUR ACCESS AND USE OF THE INTERFACE AND THE SERVICES IS FOR INFORMATIONAL PURPOSES ONLY.
WE HEREBY DRAW YOUR ATTENTION TO THE INHERENT RISKS OF USING CRYPTO ASSETS AND BLOCKCHAIN TECHNOLOGY. BEFORE USING THE PROTOCOL, PLEASE READ SECTION 4.3 CAREFULLY. BEFORE MAKING ANY FINANCIAL, LEGAL, TECHNICAL, OR OTHER DECISIONS INVOLVING CRYPTO ASSETS AND/OR THE SERVICES, YOU SHOULD SEEK INDEPENDENT PROFESSIONAL ADVICE FROM A LICENSED AND QUALIFIED INDIVIDUAL IN THE APPROPRIATE FIELD.
1. PURPOSE OF THESE TERMS OF USE AND SERVICES
1.1 General Information
The BrickBank Protocol and the Interfaces (as defined below) are provided by Total Blank Limited, a limited liability company organized under the laws of the British Virgin Islands (“BVI”), having its registered office at Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands, together with its affiliates (collectively, “BrickBank,” the “Company,” or “we”).
The BrickBank Protocol and the Interface (as defined below) provide information and resources regarding the protocol called “BrickBank” (“Protocol”), which permits, among other things, the generation of stablecoins, transactions using smart contracts, and lending, leveraging, and staking of cryptographic assets.
The purpose of these Terms is to define:
The terms and conditions of use applicable to you (the “User” or “you”) when using our websites located at BrickBank.finance or any other related interface (the “Interface”).
The terms and conditions applicable to any other features, tools, materials, or other services offered from time to time on the Interface (the “Services”).
2. DEFINITIONS
Airdrop: The distribution of tokens, free of charge, to Users who have participated in an airdrop via a dedicated interface. Such operations may be carried out by BrickBank at its sole discretion.
AML (Anti-Money Laundering): Laws, regulations, and procedures designed to prevent the use of financial systems for concealing, disguising, or transforming illegal proceeds from criminal activities, financing terrorism, or other illicit activities. As provided in Section 4.1 of these Terms, Users expressly warrant that they are not involved in any activities or transactions violating AML laws or regulations, and that they will not use the Protocol to facilitate money laundering, terrorist financing, or other illegal or prohibited activities. Users further agree to comply with applicable AML requirements in their jurisdiction and acknowledge that the Company may take measures to ensure compliance with AML regulations, wherever possible, given the decentralized nature of the Protocol.
Crypto Assets: A digital representation of value or rights that can be transferred or stored electronically using distributed ledger technology or similar technology. This includes, but is not limited to, tokens used by Users as a currency or unit of value (e.g., Bitcoin (BTC), Ethereum (ETH), or stablecoins pegged to traditional currencies), as well as utility tokens granting access to products or services offered by an issuer.
Connect Wallet: A tab on the Interface that allows Users to connect their non-custodial wallet. A non-custodial wallet is a cryptocurrency wallet where Users hold the private keys themselves. Unlike custodial wallets, where a third party manages private keys, non-custodial wallets allow Users to store, send, and receive Crypto Assets without relying on an intermediary. While this can be more secure, Users are solely responsible for safeguarding their private keys. Neither BrickBank nor any affiliate shall be liable if the User loses access to Crypto Assets due to loss or mismanagement of private keys.
Contact Address: The email address at which Users can request information: contact@brickbank.finance.
Interfaces: The website brickbank.finance and any front-end connected to the Protocol.
Jurisdiction: The British Virgin Islands, as provided in Section 8.9 of these Terms.
Prohibited Person: Any individual who is a resident or national of any of the listed countries, or any country subject to a U.S. Government embargo, designated by the U.S. Government as a state sponsor of terrorism, or listed on any U.S. Government list of prohibited or restricted parties. This includes, but is not limited to, Afghanistan, Albania, Angola, Azerbaijan, Bosnia and Herzegovina, The Bahamas, Barbados, Burma (Myanmar), Botswana, Burkina Faso, Burundi, the Cayman Islands, Cambodia, Cameroon, Crimea (recognized as part of Ukraine), Chad, China, Congo (Republic of the Congo), Democratic Republic of the Congo, Cuba, Ethiopia, Eritrea, Fiji, Palau, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Jordan, Lao People's Democratic Republic, Uganda, Liberia, Libya, Madagascar, Mali, Malta, Morocco, Mozambique, Nicaragua, Nigeria, North Korea (Democratic People’s Republic of Korea), Pakistan, Panama, the Philippines, Puerto Rico (U.S. territory, subject to U.S. laws), Russia, Senegal, Somalia, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Turkey, Turkmenistan, the United States (note: U.S. persons are not considered prohibited persons under U.S. sanctions), Uzbekistan, Vanuatu, Venezuela, the Virgin Islands (U.S. and British), Yemen, and Zimbabwe. Also includes any individual or entity that is a resident or national of a country otherwise subject to a U.S. Government embargo or is designated by the U.S. Government as a terrorist-supporting country, or is listed on any U.S. Government list of prohibited or restricted parties (the “Prohibited Jurisdiction”). This definition is subject to change based on evolving international relations and U.S. policy.
Prohibited US Person: A person who is a resident or national of the United States of America.
R2USD: A liquid deposit token distributed to Users who deposit eligible on-chain assets into the Protocol. For more information, see R2USD Documentation (information provided with no contractual value).
sR2USD: A yield-bearing token received when staking R2USD. It represents the User’s share of the staked R2USD and automatically accrues rewards generated from the Protocol’s underlying portfolio. For more information, see sR2USD Documentation (information provided with no contractual value).
Brick DAO: The decentralized autonomous organization associated with BrickBank.
Brick Tokens: The Protocol’s native tokens, which may be released at BrickBank’s discretion. Their primary utility is enabling token holders to participate in the Brick DAO’s governance processes. This includes voting on proposals and shaping the Protocol’s evolution. However, these governance rights do not constitute ownership or equity in the Company and may not confer any legal shareholder rights. For more information, see Brick Tokens (information provided with no contractual value).
3. ACCEPTANCE OF TERMS – CHANGES TO TERMS
Acceptance. Before using any of the Services, you must first agree to these Terms. By accessing or using the Services, you confirm that you fully and irrevocably agree to these Terms. If you do not agree with any part of these Terms, you must stop accessing or using the Services immediately.
Privacy Policy. You also agree that your personal data and electronic communications on the Interface will be processed in accordance with our privacy policy, which is incorporated herein by reference.
Changes to Terms. To the maximum extent permitted by applicable law, we reserve the right, at our sole discretion, to modify or replace these Terms at any time. The most current version of these Terms will be posted and accessible via the Interface. You are responsible for reviewing such modifications. By continuing to use or access any of the Services after any modifications, you are deemed to have accepted the revised Terms.
Electronic Communications. You may contact us with any questions regarding your use of the Services at the Contact Address. When you communicate with us electronically, you consent to receive electronic communications from us.
4. SERVICES
4.1 Information on the Protocol
The Interface provides an informational resource on the fundamentals of the Protocol, which is a fully decentralized, community-governed DeFi infrastructure deployed on multiple blockchain networks. It offers information about the wider ecosystem, governance, community, and various interfaces and integrations of the Protocol.
The Protocol is based on:
An open-source solution that anyone can build on or suggest improvements for, without permission.
A set of modular smart contracts deployed on, and operating through, the Ethereum blockchain.
4.1.1 Protocol Functions
Deposit Assets: Users can deposit eligible on-chain assets through the Interface in exchange for R2USD tokens representing the initial deposit value.
Earning Rewards: Users may utilize R2USD (or stablecoin variants) in various ways, including contributing liquidity or staking R2USD to receive sR2USD. In doing so, Users may be eligible to receive Brick Tokens.
Governance: Users may—upon the release of Brick Tokens, which may be at BrickBank’s discretion—use their tokens to participate in Protocol governance.
All information provided in connection with your access to and use of the Interface and the Services is solely for informational purposes. You should not take or refrain from taking any action based on the information in the Interface or any other information we provide. Before making any financial, legal, technical, or other decisions involving Crypto Assets and/or the Services, consult independent professionals licensed in the relevant area.
4.2 Our Role as Software Developers
We are software developers in the Protocol ecosystem. The Protocol is deployed on multiple blockchain networks, and we are not responsible for the operation of these networks. Neither we nor any affiliated entity is a party to blockchain transactions facilitated by the Protocol; we do not hold or control any Crypto Assets that appear on the Services, and we do not store, send, or receive Crypto Assets. When you interact with smart contracts, you retain full control over your Crypto Assets at all times, and only the private key associated with your Connect Wallet can transfer those assets.
4.3 License to Use Our Services
Subject to your ongoing compliance with these Terms, we grant you a personal, worldwide, revocable, non-exclusive, and non-assignable license to use the software provided as part of our Services. The sole purpose of this license is to allow you to use and enjoy the Services as permitted by these Terms.
We and/or our affiliates own any and all rights, titles, and interests in and to the Services, including, without limitation, all copyrights to any content, code, data, or materials accessible through the Services. Except as expressly stated, your access to or use of the Services does not grant you any ownership or other rights.
Feedback: Any comments, bug reports, ideas, or feedback you provide (“Feedback”) are given voluntarily, and we are free to use such Feedback without any obligation or compensation to you.
4.4 Fees
BrickBank does not charge any direct fees for using the Interface or Services. The Company merely provides the front-end through the Interface and does not deliver, hold, or receive payment for Crypto Assets. You, however, agree to bear all costs of blockchain transactions (e.g., gas fees). We attempt to provide accurate cost estimates, but these costs are highly volatile and subject to change without notice.
5. USER REPRESENTATIONS, WARRANTIES, AND ACKNOWLEDGMENTS
5.1 User Representations & Warranties
By accessing or using the Services, you represent, warrant, and covenant that at all times:
Legal Compliance: You will comply with all applicable laws and regulations (including AML laws). Your use does not and will not violate any applicable law in your jurisdiction, and you will not use the Services to promote or facilitate illegal activities.
No Illegal Activities: You are not engaged in illegal trading, money laundering, terrorist financing, or other unlawful activities, and you will not exploit the Services for unauthorized commercial purposes.
Sanctions Compliance: You, or the locality in which you reside or conduct business, are not subject to sanctions by the United Nations, United States, or the European Union. Neither you nor your affiliates is owned or controlled by, nor does business with, sanctioned individuals or entities.
No Politically Exposed Persons: Neither you nor any of your affiliates is a politically exposed person.
No Fraudulent Purpose: You will not use the Services for fraudulent or dishonest purposes.
No Unauthorized Harvesting: You will not collect information from the Services for unauthorized purposes.
No Concealment: You will not use VPNs, proxies, or other methods to conceal non-compliance with these Terms or the law.
Not a Prohibited Person: You are not a citizen or resident of the United States or any other Prohibited Jurisdiction. You further affirm you are not a Prohibited US Person or a Prohibited Person.
System Integrity: You will not upload or transmit viruses, malware, or any other harmful code. You will not interfere with or circumvent the security features of the Services or any third party’s systems.
No Attack on the Protocol: You will not engage in any attack, hack, denial-of-service attack, or exploit of the Protocol or the Services.
Risk Awareness: You fully understand the inherent risks of cryptographic systems and smart contracts (including volatility, regulatory risks, and technical risks).
No Trolling: You will not engage in abusive behavior or “trolling” on social media.
No Interference: You will not interfere with other users’ access to or use of the Services.
Legal Capacity: You are of legal age in your jurisdiction and have the mental capacity to accept these Terms.
Independent Knowledge: You possess sufficient knowledge of Crypto Assets, decentralized finance, and relevant technologies. You are responsible for ensuring compliance with laws in your jurisdiction.
Intellectual Property Compliance: Your use of the Services does not violate or infringe on any third party’s intellectual property rights. You will not copy or reverse-engineer any part of the Services without authorization.
Personal Responsibility: You are solely responsible for the security of your Connect Wallet(s), passwords, seed phrases, and private keys. You are also fully responsible for seeking independent legal, financial, accounting, and tax advice.
5.2 User Acknowledgments
By using the Services, you acknowledge:
Protocol Decentralization: The Protocol is fully decentralized, and transactions occur peer-to-peer. BrickBank has no control over these transactions.
No Agency or Advisory Role: We are neither a buyer, seller, liquidity provider, advisor, nor custodian with respect to the Protocol.
Your Private Keys: We do not store your private keys, and we are not liable if you lose access to your Crypto Assets due to private key loss or mishandling.
Independent Contributors: Any contributors to the Protocol are independent, and we are not responsible for their actions.
No Control Over Underlying Networks: The Protocol is deployed on multiple blockchain networks (e.g., Ethereum), and we are not responsible for their operation or for any potential forks or changes.
No Recommendations: BrickBank does not offer financial or investment advice. You alone are responsible for your decisions when using the Protocol.
No Profit Warranty: We make no guarantees regarding potential profits, avoidance of losses, or achievement of any commercial objectives.
Smart Contract Automation: You agree to the automated collection and disbursement of proceeds by smart contracts. By engaging in transactions, you consent to their automated processing.
6. ASSUMPTION OF RISKS
6.1 Inherent Blockchain Risks
We do not own or control the underlying software governing blockchain networks, which are often open source. By using the Services, you accept that:
We are not responsible for the operation or security of any blockchain network.
Crypto Assets are highly volatile and subject to various risks (adoption, speculation, regulatory actions, forks, contagion, and more).
6.2 Regulatory Risks
Regulatory inquiries or actions could impede BrickBank’s ability to develop or your ability to access or use the Services. You acknowledge that laws and regulations regarding Crypto Assets can rapidly change.
6.3 Information Accuracy
Information on the Interface may contain errors, may be incomplete, or may not be current. We reserve the right to change or update this information without prior notice. Any decisions you make based on such information are solely at your own risk. Links to third-party materials are provided as a convenience, and we are not responsible for their content or accuracy.
6.4 Privacy and Data Storage
Blockchain transactions are transparent, and your public key and wallet address are visible to anyone. To the extent your public key or wallet address can be linked to your identity, third parties may discover your ownership of Crypto Assets.
6.5 Disruptions and Cyber Risks
Service disruptions may occur due to system overloads, hardware or software issues, power outages, or other problems. You acknowledge that we are not liable for losses stemming from these disruptions. You are responsible for the security of your own hardware, software, and access credentials.
7. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
7.1 No Right of Withdrawal
Users acknowledge that the Services are digital in nature and executed immediately upon acceptance of these Terms. Users deemed consumers in their jurisdiction hereby waive any right of withdrawal. These Terms become binding upon your acceptance, without any additional waiting period.
7.2 Disclaimer of Warranties
Your use of the Services and/or the Interface is at your sole risk. The Services (including the Interface) are provided “as is” and “as available,” without any warranties—express or implied—including merchantability, fitness for a particular purpose, or non-infringement. We do not warrant continuous or uninterrupted access to the Services, nor the accuracy, reliability, or completeness of any content.
We do not guarantee that the Services will be free of errors, defects, viruses, or harmful materials. We are not responsible for any losses from incomplete or incorrect data or for any statements made by third parties.
7.3 Limitation of Liability
To the fullest extent permitted by law, we shall not be liable for any direct, indirect, incidental, special, consequential, punitive, or exemplary damages (including loss of profits, goodwill, or data) arising out of:
The use or inability to use the Services or the Interface.
Unauthorized access to or alteration of your data or transmissions.
Any interruptions, errors, or delays.
Any reliance on information obtained via the Interface or linked third-party sites.
Any other matters related to the Services or the Interface.
We are not liable for any unauthorized access or hacking of the underlying Protocol, third-party software, hardware, or services used by the User. Participation in any Airdrop is not guaranteed, and we are not responsible for losses related to the failure to receive or secure tokens.
7.4 Indemnification
You agree to indemnify and hold harmless BrickBank, its affiliates, and its employees from any claims, costs, or damages (including legal fees) arising out of:
Your use of the Services or the Interface.
Your breach of these Terms or any applicable law.
Your violation of any third-party rights.
Any act or omission involving defamation, invasion of privacy, or publicity rights.
8. LIMITATION OF PARTICIPATION – TERMINATION – ACCOUNT CLOSURE
8.1 Termination by Us
To the maximum extent permitted by law, we may terminate, suspend, or limit your access to the Services, without liability, if we:
Reasonably suspect you have violated these Terms or any other applicable terms.
Are required to do so by law or by regulatory authorities.
Suspect that you are using the Services for unlawful activities.
Believe the Services are being used fraudulently or without authorization.
We shall not be liable for any losses, damages, or compensation arising from such suspension, limitation, or termination. This does not release you from liability that may have accrued prior to such action.
8.2 Consequences of Termination
Upon termination, you will no longer be able to use the Services.
9. PROCESSING OF PERSONAL DATA
The BrickBank privacy and cookie policy is available at BrickBank.finance.
10. GENERAL PROVISIONS
10.1 Third-Party Links
The Interface or third parties may provide links to other websites or resources. We do not endorse and are not liable for any content, products, or services on or available from such sites or resources. You agree that we shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on such third-party content.
10.2 Entire Agreement
Unless otherwise specified, these Terms (as amended from time to time) and any documents expressly referred to herein constitute the entire agreement between the parties, superseding all prior agreements. You confirm that you have not relied on any representation not expressly included in these Terms.
10.3 Severability
If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. Such invalid or unenforceable provision shall be interpreted to fulfill its intended purpose to the greatest extent permitted by law.
10.4 Language
These Terms are concluded in English at your request, and all communications related thereto shall be in English. If these Terms are translated into another language, the English version shall prevail.
10.5 Waiver
No delay or omission by a party in exercising any right under these Terms shall operate as a waiver of that right or any other rights. All rights and remedies are cumulative.
10.6 Notices and Communications
By using the Services or Interface, you agree that we may provide notices or other communications, including marketing, by email, SMS, Discord, telephone, or by posting on the Interface or social media (e.g., Twitter). Any electronic notice is considered delivered on the day it is sent.
10.7 Section Titles
Section titles are for convenience only and have no legal or contractual effect.
10.8 Pre-contractual Information – User Acceptance
By accepting these Terms and using the Services, you acknowledge having been informed of:
The essential characteristics of the Services.
The price of the Services.
The terms of payment and performance.
The identities of BrickBank and its contact details.
The absence of a right of withdrawal and other key contractual conditions.
Using the Services constitutes full acceptance of these Terms, and you waive the right to rely on any conflicting document.
10.9 Governing Law, Mediation, and Submission to Jurisdiction
Good-Faith Negotiations: The parties shall first attempt to resolve disputes through good-faith negotiations for at least 30 days.
Arbitration: If the dispute remains unresolved, it shall be finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) under the SIAC Rules, which are incorporated by reference.
The seat of arbitration shall be Singapore.
These Terms are governed by the laws of the British Virgin Islands.
Individual Capacity: Users must bring legal claims in their individual capacities and not as members of any class action or representative proceeding. Users waive the right to a jury trial, where applicable.
Contact Address: contact@brickbank.finance
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