Terms of Use
Welcome to Savea.com. Please carefully read these Terms of Use ("Terms") as they govern the use ofwww.savea.com (the "Site") and contain importation information about the Site. The Terms set forth are the general terms and conditions of your use of the Site. By using and accessing the Site you are accepting these Terms and acknowledge that you are entering into a legally binding agreement ("Agreement") with Savea Pte. Ltd. ("Savea","we", "us", "our") even though it is not physically signed by you. You acknowledge that you do not use the Site on behalf of a business, other legal entity or represent any third party. If you disagree with these Terms, you must not access and use the Site.
We may revise and update these Terms at any time without prior notice. All changes of the Terms are effective immediately when uploaded on the Site. Your continued use of the Site following a change constitutes your acceptance and agreement to the changes which are binding on you.
1 Use of the Site
1.1 Eligibility - by accepting these Terms, you represent and acknowledge that you:
1.1.1 have reached the minimum age of contractual capacity in your jurisdiction;
1.1.2 have the right, authority and capacity to enter into an agreement with Savea Pte. Ltd.;
1.1.3 have personally received the invitation code by a representative of Savea;
1.1.4 are the person identified through our onboarding tool;
1.1.5 have submitted only complete and accurate information;
1.1.6 are domiciled in a jurisdiction where the use of any of the services on the Site is not prohibited nor restricted by the applicable laws;
1.1.7 are an accredited investor in accordance with Singapore law and that you are well informed and have access to information to protect your financial interest and therefore do not require any additional guidance and protection;
1.1.8 have not received any advertisement pertaining to the offered services or have been called any attention to visit the Site;
1.1.9 are abiding by these Terms at all times.
1.2 Prohibited Uses
You are prohibited from using the Site and Content:
1.2.1 for any illicit purpose including money laundering, tax evasion and financing terrorism;
1.2.2 if you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control, The United Nations Security Council, the European Union, His Majesty's Treasury, Monetary Authority of Singapore or any other legal or regulatory authority in any applicable jurisdiction;
1.2.3 to solicit others to perform or participate in any unlawful acts;
1.2.4 if you have acquired cryptoassets using unlawful methods and intend to use them for any transaction on the Site;
1.2.5 to violate or possibly violate any any civil and common laws, statutes, subordinate legislation, treaties, regulations, directives, decisions, by-laws, ordinances, circulars, codes, orders, notices, demands, decrees, injunctions, resolutions and judgments of any government, quasi-government, statutory, administrative or regulatory body, court, agency or association by which we or you are bound in any jurisdiction applicable to the access and use of the Site;
1.2.6 to submit false or misleading information;
1.2.7 to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Site, third party products and service, or the internet such any virus, malware, worms, cancel bots, spiders, trojan horse, logic bombs;
1.2.8 to spam, phish, pharm, pretext, spider, crawl, or scrape;
1.2.9 to engage in any anticompetitive behavior or other misconduct;
1.2.10 for any obscene or immoral purpose, or1.3.11interfere with or circumvent the security features of the Site, third party products and services, or the internet.
2 Access
2.1 Connecting your Wallet
In order to access the Content of the Site, you are required to connect your wallet and identify yourself where we ask you to provide an identification document as well as your full name and date of birth. Please read our Privacy Policy with regards to the use of your personal information provided to us.
You are responsible for safekeeping your private keys to access your wallet(s). You acknowledge that the maintenance of your wallet's security is in your sole responsibility. You understand that we are not involved in managing your wallet's private keys and we do not assume any liability for any unauthorized access to your wallet and your cryptoassets contained therein.
2.2 Availability
We put reasonable efforts in ensuring that the Site is accessible to you at any time. There may be, however, disruptions and downtimes due to technical and network issues, maintenance and/or events beyond our control. While we use reasonable efforts to avoid such disruptions, we do not assume any liability for consequences arising from you being unable to access the Site.
You must immediately notify us if you become aware of any malfunctioning of the Site.
2.3 Right of access
We reserve the right to modify the Site from time to time without prior notification. It is in our sole discretion to restrict or deny access to certain wallets and/or users without providing any reasons. We also reserve the right to block access from certain IP addresses.
3 Content and Services
The content and services available on the Site are provided on an "as is" basis and "as available" basis. We make no guarantee of any kind in connection to any content and services. Even though we put reasonable efforts to achieve a high level of accuracy of the provided content and services, the content and services may be at times incomplete, inaccurate and my not be error-free. You should not solely rely on information provided on the Site to make a decision to transact.
4 Assumption of Risk
The technology used on our Site involves smart contracts on the Ethereum blockchain and other applications. You are aware that these technologies are still in their early stages of development. They are experimental and may be risky and speculative. One of the key features of blockchains are their immutability. Once an entry is made, it generally cannot be deleted or altered anymore. This means that you must be very careful when conducting any transaction on our Site. There is also a risk of bugs, viruses, exploitations, cyberattacks, or alterations to the relevant blockchain or applications which could result in disruptions and even complete loss of cryptoassets in the worst case.
It's important for you to understand that we do not assume any liability in connection to such risks caused by the nature of the technology. It is furthermore your responsibility to manage your private keys of the wallet you connect to the Site.
The regulatory framework around blockchain technologies and digital tokens is generally uncertain and new regulations, policies and/or rulings may adversely affect the way we operate and may significantly impact the value of any digital token acquired on the Site.
If you prefer not to be exposed to these risks and/or are not ready to assume them, you should not access or engage in transactions using blockchain-based technology.
5 Taxes
You bear the sole responsibility for paying your taxes and duties associated with any transaction on the Site pertaining to any digital token. You are aware that blockchain-based transactions are a recent phenomenon and their tax treatment is uncertain. Please refer to your tax authority's guidelines/regulation on tax treatment of digital tokens.
6 Classification
Digital tokens (including MVP1 tokens) acquirable on the Site have not been constituted as securities, securities-based derivatives contracts or as units in a collective investment scheme by the Monetary Authority of Singapore as of the date of these Terms and therefore are not subject to the regulatory regime under Singapore's Securities and Futures Act.
Digital tokens acquired on the Site are therefore not authorized nor recognized by the Monetary Authority of Singapore and are they are not subject to any prospectus requirement.
In absence of any regulatory protection, you acknowledge that you are aware of the financial risks any transaction on the Site may bear and that you are in a financial position to absorb a complete loss of the assets transacted on the Site.
7 Links to other resources
Although the Site may link to other resources (such as websites, mobile applications, etc.), we are not, directly or indirectly, implying any approval, association, sponsorship, endorsement or affiliation with any linked resource, unless specifically stated. We are not responsible for examining or evaluating, and we do not warrant the offerings of any businesses or individuals or the content of their resources. We do not assume any responsibility or liability for the actions, products, services, and content of any other third parties. You should carefully review the legal statements and other conditions of use of any resource which you access through a link of the Site. Your linking to any other off-site resource is at your own risk.
8 Intellectual Property Rights
"Intellectual Property Rights": means all present and future rights conferred by statute, common law, or equity in or in relation to any moral rights, database rights, rights in undisclosed or confidential information (including inventions, know-how, processes, codes, trade secrets), copyrights, and related rights, trademarks, designs, patents, inventions, goodwill and the right to sue for passing off, rights to inventions, rights to use, and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, rights to claim priority from, such rights and all similar or equivalent rights or forms of protection and any other results of intellectual activity which subsists or will subsist now or in the future in any part of the world.
The Agreement between you and Savea does not transfer to you any Intellectual Property Right and all rights, titles, and interests in and to such property will remain solely with Savea Pte. Ltd. and you are not granted any right to use and may not use any of Savea's Intellectual Property Rights unless we explicitly granted a license to you. All trademarks, service marks, graphics and logos used in connection with the Site, are trademarks or registered trademarks of Savea Pte. Ltd. or its licensors. Other trademarks, service marks, graphics and logos used in connection with the Site may be trademarks of other third parties. Your use of the Site grants you no right or license to reproduce or otherwise use any of Savea Pte. Ltd. or third-party trademarks. Please reach out to us if you would like to use any of our Intellectual Property Rights.
9 Limitation of liability
We make no representations or warranties.
To the fullest extent permitted by applicable law, in no event will Savea Pte. Ltd., its affiliates, directors, officers, employees, agents, contractors, contracting parties, suppliers or licensors be liable to any person for any indirect, incidental, special, punitive, cover or consequential damages (including, without limitation, damages for lost profits, revenue, sales, goodwill, use of content, impact on business, business interruption, loss of anticipated savings, loss of business opportunity) however caused, under any theory of liability, including, without limitation contact, tort, warranty, breach of statutory duty, negligence or otherwise, even if the liable party has been advised as to the possibility of such damages or could have foreseen such damages. To the maximum extent permitted by applicable law, the aggregate liability of Savea Pte. Ltd. and its affiliates, officers, employees, agents, suppliers and licensors relating to the services will be limited to an amount no greater than one dollar or any amounts actually paid in cash by you to Savea Pte. Ltd for the prior oneone-monthriod prior to the first event or occurrence giving rise to such liability. The limitations and exclusions also apply if this remedy does not fully compensate you for any losses or fails of its essential purpose.
10 Indemnification
To the maximum extent permitted by the applicable laws, you agree to indemnify and hold Savea Pte. Ltd. and its affiliates, directors, officers, employees agents, contractors, contracting parties, suppliers and licensors harmless from and against any liabilities, losses, damages or costs, including reasonable attorneys' fees, incurred in connection with or arising from any third party allegations, investigation, proceeding, lawsuit, claims, actions, disputes, or demands asserted against any of them as a result of or relating to your use of the Site, your breach of these Terms, any willful misconduct on your part or violation of any applicable laws or rights of any person or entity.
11 Jurisdiction
Any dispute, controversy, difference or claim arising out of or relating to these Terms, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to these Terms will be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre ('SIAC') under the SIAC Administered Arbitration Rules then in force. The law shall be Singapore law. The seat of arbitration will be Singapore. The number of arbitrators will be one and that arbitrator must have relevant legal and technological expertise. If Savea and you do not agree on the arbitrator to be appointed within 15 days of the dispute proceeding to arbitration, the arbitrator is to be appointed by SIAC. The arbitration proceedings shall be conducted in English.
12 Miscellaneous
12.1 Severability
The provisions of these Terms are intended to be severable. If for any reason any provision of these Terms shall be held invalid or unenforceable in whole or in part by any court or arbitration centre of competent jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect
12.2 Assignment
The Agreement (including these Terms) may be assigned by us (but not by you) without your prior consent.
12.3 Contact
Should you have any feedback or want to get in touch with you, please send us an email at info@savea.com