ChainPal Terms of Use

Last Updated: April 27, 2025

INTRODUCTION

Welcome to ChainPal, an AI-powered blockchain payment gateway designed to transform how businesses and freelancers handle cross-border transactions. These Terms of Use ("Terms") constitute a legally binding agreement between ChainPal Inc. ("ChainPal," "we," "our," or "us") and you, whether you are using our services as an individual or on behalf of an entity ("you" or "your").

PLEASE READ THESE TERMS CAREFULLY BEFORE ACCESSING OR USING OUR SERVICES. By accessing or using any part of our platform, you agree to be bound by these Terms. If you do not agree to all the terms and conditions of this agreement, you may not access or use any of our services.

1. DEFINITIONS

In these Terms, the following definitions apply:

"ChainPal Services" or "Services" refers to the products, applications, platforms, and technologies we provide to facilitate payments, manage financial processes, enable cryptocurrency-to-fiat transactions, and deliver AI-powered financial tools.

"Personal Data" refers to information associated with an identified or identifiable individual, as further described in our Privacy Policy.

"Transaction Data" refers to information collected and used to facilitate payments and other financial activities, including but not limited to names, email addresses, contact information, cryptocurrency wallet addresses, transaction history, and payment method details.

"Financial Partners" include payment processors, financial institutions, banks, and blockchain network providers who work with us to deliver our Services.

"Activity" refers to actions or transactions initiated, processed, or conducted through the ChainPal platform.

"End Users" are individuals using ChainPal's tools for personal financial management or cryptocurrency transactions.

"Business Users" are businesses or freelancers using ChainPal to manage payments, generate payment links, or customize storefronts.

"Representatives" are individuals acting on behalf of a Business User, such as business founders or administrators.

"Visitors" are individuals visiting our website or interacting with us without logging into an account or using our Services.

2. DESCRIPTION OF SERVICES

ChainPal is a revolutionary AI-powered blockchain payment gateway designed to transform how businesses and freelancers in emerging markets handle cross-border transactions. Our platform integrates blockchain technology with artificial intelligence to create a secure, efficient, and user-friendly financial ecosystem.

Our key services include:

2.1 Cryptocurrency-to-Fiat Conversions

We enable businesses to receive cryptocurrency payments and convert them to fiat currency seamlessly, simplifying international transactions.

2.2 AI-Powered Financial Tools

• PAL AI: Automates workflows, optimizes financial operations, and enhances productivity for businesses.

• Financial Assistant: Offers personalized financial insights, budgeting recommendations, and smart decision-making support.

• Predictive Analytics: Helps forecast market trends, optimize pricing strategies, and make data-driven decisions.

2.3 Payment Solutions

• Secure payment processing and transaction recording

• Customizable payment links and storefronts

• Peer-to-peer marketplace facilitation

3. ACCOUNT REGISTRATION AND SECURITY

3.1 Account Creation

To access and use our Services, you must register for a ChainPal account. During registration, you must provide accurate, complete, and current information as requested on the registration form.

3.2 Account Security

You are responsible for:

• Maintaining the confidentiality of your account credentials

• Using a strong, unique password

• Regularly updating your password and monitoring account activity

• All activities that occur under your account, whether authorized by you or not

• Notifying us immediately at [e-mail] if you suspect unauthorized access to your account

3.3 Account Restrictions

You agree to the following account restrictions:

• One account per user, unless explicitly permitted by ChainPal

• No creation of multiple accounts to manipulate platform activities

• No transferring, selling, or assigning your account to any third party

• Providing only truthful and accurate information

• Complying with all applicable laws, including anti-money laundering (AML) and know-your-customer (KYC) regulations

3.4 Account Termination

ChainPal reserves the right to suspend or terminate your account:

• If you provide false, incomplete, or inaccurate information

• If your account is involved in prohibited activities

• If you violate these Terms

• For any reason necessary to maintain the integrity, security, or legal compliance of the platform

You may terminate your account at any time by contacting us at [e-mail].

4. LICENSE GRANT AND RESTRICTIONS

4.1 License Grant

Subject to these Terms, ChainPal grants you a limited, non-exclusive, non-transferable, revocable license to access and use our Services for legitimate purposes.

4.2 Scope of License

This license permits you to:

• Process transactions through our platform

• Manage payments and access business analytics

• Conduct cryptocurrency or fiat conversions

• Use other features provided by the ChainPal platform for lawful purposes

4.3 Restrictions

You agree not to:

• Copy, reproduce, modify, distribute, or display ChainPal's intellectual property without authorization

• Reverse engineer, decompile, or disassemble any software or algorithms associated with the platform

• Use our trademarks, logos, or other branding materials in a way that misrepresents affiliation with ChainPal

• Create derivative works based on ChainPal's intellectual property

• Exploit ChainPal's content, trademarks, or other intellectual property for commercial gain or any unlawful purpose

5. PROHIBITED ACTIVITIES

You agree not to use ChainPal's Services to:

5.1 Illegal or Fraudulent Activities

• Engage in any activity that violates applicable laws, regulations, or industry standards

• Conduct fraudulent, deceptive, or illegal transactions

• Facilitate or promote money laundering, terrorism financing, or any form of financial crime

• Misrepresent your identity, affiliations, or business to ChainPal, its partners, or customers

5.2 Technical Abuse

• Transmit, upload, or share malicious code, viruses, or harmful software

• Exploit vulnerabilities in the platform for unauthorized access

• Interfere with, disrupt, or attempt to disrupt the normal operation of the platform

• Bypass or attempt to bypass any security measures

• Engage in activities that overburden, damage, or impair the platform's infrastructure

5.3 Content Restrictions

You are prohibited from uploading, sharing, or transmitting any content that:

• Promotes hate speech, discrimination, or violence

• Contains explicit, offensive, or inappropriate material

• Violates any third-party rights, including intellectual property rights or privacy

• Encourages or facilitates illegal activities

5.4 Unauthorized Communication

• Collecting, copying, or distributing information about other users without their explicit consent

• Engaging in any unauthorized communication, solicitation, or data collection

• Generating or distributing spam, unsolicited communications, or bulk messages

• Engaging in phishing, identity theft, or attempts to obtain sensitive information

5.5 Prohibited Products and Services

Using the platform to sell prohibited goods or services, including but not limited to:

• Adult content

• Controlled substances

• Illegal items

• Activities that ChainPal reasonably deems inappropriate

6. PAYMENT TERMS

6.1 Service Fees

By using ChainPal's Services, you agree to pay all applicable fees, charges, and taxes associated with your use of the platform. These may include:

• Transaction fees

• Subscription charges

• Other costs clearly communicated during the transaction process

Failure to pay these fees may result in restrictions or suspension of your account or access to the platform.

6.2 Accepted Payment Methods

ChainPal supports multiple payment methods, including:

• Credit/debit cards

• Bank transfers

• Cryptocurrency

• Other secure digital payment methods

All payment methods comply with industry-standard security protocols.

6.3 Taxes and Regulatory Compliance

You are solely responsible for determining and paying any taxes, duties, or similar governmental fees that may apply to transactions conducted through ChainPal, excluding taxes based on ChainPal's net income.

6.4 Payment Disputes

In case of a dispute regarding any payment, you must notify ChainPal within thirty (30) days of the disputed transaction. Beyond this period, ChainPal reserves the right to deny review or resolution of the dispute. All refunds or chargebacks will be processed in accordance with ChainPal's Refund Policy.

7. INTELLECTUAL PROPERTY RIGHTS

7.1 ChainPal Ownership

ChainPal retains sole ownership of all intellectual property associated with the platform, including but not limited to:

• Text, graphics, videos, software, data, and algorithms

• Page layouts, designs, interface elements, and overall user experience features

• Images, trademarks, logos, and other branding materials

• Any other information, assets, or materials related to the platform

7.2 User-Uploaded Content

ChainPal does not claim ownership of content uploaded by users. However, by uploading content to the platform, you grant ChainPal a non-exclusive, royalty-free, worldwide license to use, display, modify, distribute, and reproduce your content solely for the purpose of operating, marketing, and improving the platform.

7.3 Reservation of Rights

ChainPal reserves all rights not explicitly granted under these Terms. Any unauthorized use of ChainPal's intellectual property may result in the immediate termination of your license to use the platform and potential legal action.

8. DATA PROTECTION AND PRIVACY

8.1 Privacy Policy

Your use of ChainPal's Services is also governed by our Privacy Policy, which is incorporated into these Terms by reference. Please review our Privacy Policy to understand how we collect, use, and share your information.

8.2 Compliance with Data Protection Laws

ChainPal is committed to adhering to data protection regulations, including:

• Nigeria Data Protection Regulation, 2019 (NDPR)

• General Data Protection Regulation (GDPR)

• California Consumer Privacy Act (CCPA)

8.3 Rights of Data Subjects

As a user, you may exercise your rights under applicable data protection laws, which include:

• Accessing your personal data

• Requesting correction of inaccurate or incomplete data

• Deleting your data or restricting its processing

• Receiving a copy of your data in a portable format

8.4 Data Sharing

Your Personal Data may be shared with:

• Financial Partners involved in facilitating transactions

• Service Providers supporting our operations

• Regulatory Authorities where required by law

• Business Affiliates in cases of partnerships or transitions

We ensure that any data shared with third parties is protected through robust contractual agreements and industry-standard security measures.

9. THIRD-PARTY SERVICES AND LINKS

9.1 Third-Party Links

ChainPal may include links to external websites or services for user convenience. These links do not constitute an endorsement or recommendation of the linked sites, their content, or their operators.

9.2 User Responsibility

You are encouraged to review the terms of service, privacy policies, and practices of third-party sites before engaging with them. ChainPal assumes no responsibility for the actions, policies, or content of these external platforms.

10. COMMUNICATIONS

10.1 Electronic Communications

By using ChainPal, you consent to receive communications electronically, including updates, notifications, agreements, and disclosures. These electronic communications satisfy any legal requirements for written communication.

10.2 Communication Preferences

You may adjust your communication preferences through your account settings. However, certain essential communications, such as security alerts or legal notices, cannot be opted out of.

11. MODIFICATIONS TO SERVICES AND TERMS

11.1 Service Modifications

ChainPal reserves the right to modify or discontinue any aspect of its Services at any time. Changes may include the addition or removal of features, interface updates, or service discontinuation.

11.2 Terms Modifications

ChainPal may revise these Terms at any time by posting the updated version on our website. Your continued use of our Services after such changes constitutes your acceptance of the revised Terms.

11.3 Maintenance and Downtime

Periodic maintenance or emergency updates may temporarily interrupt service availability. ChainPal will endeavor to minimize disruptions and notify users in advance whenever possible.

12. DISCLAIMER OF WARRANTIES

12.1 "As Is" and "As Available"

THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR COURSE OF PERFORMANCE.

12.2 No Guarantees

ChainPal does not warrant that:

• The Services will function uninterrupted, secure, or available at any particular time or location

• Any errors or defects will be corrected

• The Services are free of viruses or other harmful components

• The results of using the Services will meet your requirements

12.3 Financial Decisions

ChainPal does not guarantee the accuracy, completeness, or availability of platform content or services. You assume full responsibility for any financial decisions made based on information provided through our Services.

13. LIMITATION OF LIABILITY

13.1 Liability Cap

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL CHAINPAL, ITS AFFILIATES, DIRECTORS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO YOUR USE OF, OR INABILITY TO USE, THE SERVICES.

13.2 No Liability for Certain Damages

ChainPal is not liable for:

• Service interruptions, whether scheduled or unscheduled

• Actions or omissions of third-party service providers or partners

• Your obligations to customers or compliance with laws relating to your products or services

• Any damages resulting from misuse of ChainPal Services

13.3 Exclusions

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. Accordingly, some of the above limitations may not apply to you.

14. INDEMNIFICATION

You agree to defend, indemnify, and hold harmless ChainPal, its affiliates, subsidiaries, officers, directors, employees, and agents from and against any and all claims, damages, obligations, losses, liabilities, costs, or debt, and expenses (including but not limited to attorney's fees) arising from:

• Your use of and access to the Services

• Your violation of any term of these Terms

• Your violation of any third-party right, including without limitation any copyright, property, or privacy right

• Any claim that your content caused damage to a third party

• Any unlawful activities conducted through your account

This defense and indemnification obligation will survive these Terms and your use of the Services.

15. TERM AND TERMINATION

15.1 Term

These Terms will remain in full force and effect while you use the Services or maintain an account with ChainPal.

15.2 Termination by ChainPal

ChainPal reserves the right to terminate or suspend your account and access to the Services at any time, for any reason, including but not limited to, violations of these Terms or suspected fraudulent activities.

15.3 Termination by User

You may terminate your account at any time by notifying ChainPal at [e-mail] or using the platform's account deletion feature.

15.4 Effect of Termination

Upon termination:

• Your right to use the Services will immediately cease

• ChainPal may delete or retain your account information as required by law or as necessary for legitimate business purposes

• All provisions of these Terms which by their nature should survive termination shall survive, including without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability

16. DISPUTE RESOLUTION

16.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without regard to its conflict of law provisions.

16.2 Arbitration

Any dispute arising under these Terms will be resolved through binding arbitration in accordance with Nigerian arbitration laws. The arbitration shall be conducted in Lagos, Nigeria, in the English language.

16.3 Waiver of Class Actions

You agree to resolve any disputes with ChainPal on an individual basis and not as a plaintiff or class member in any purported class or representative action.

16.4 Time Limitation

You agree that any claim arising out of or related to these Terms or our Services must be filed within one (1) year after such claim arose; otherwise, the claim is permanently barred.

17. GENERAL PROVISIONS

17.1 Assignment

ChainPal may assign or transfer its rights and obligations under this agreement without prior notice. You may not assign your rights without written consent from ChainPal.

17.2 Entire Agreement

These Terms constitute the entire agreement between you and ChainPal regarding the Services, superseding any prior agreements or understandings.

17.3 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

17.4 No Waiver

The failure of ChainPal to enforce any right or provision of these Terms will not be considered a waiver of such right or provision.

17.5 Headings

The section titles in these Terms are for convenience only and have no legal or contractual effect.

17.6 Force Majeure

ChainPal shall not be liable for any failure to perform its obligations where such failure is a result of acts of nature, power failures, war, terrorism, civil commotion, or other events beyond its reasonable control.

18. CONTACT INFORMATION

If you have any questions about these Terms, please contact us at:

Email: [e-mail] Website: www.chainpal.xyz

ChainPal Inc. Akure, Ondo. Nigeria

By using ChainPal's Services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.