Terms of Service

These terms ("Terms") govern the use of our services ("Services"), which include the use of the Figment Exchange website ("Site"), any applications for digital assets ("Platform"), and any related software, tools, features, or functionalities provided in connection with our Services. By accessing or using the Services, you ("User," "you," or "your") agree to be bound by these Terms. If you do not agree to these Terms, you may not use the Services. The Terms represent a legal contract between you and Figment Exchange ("we," "us," or "our") and outline the rights and responsibilities of all parties. The Terms also incorporate by reference our Privacy Policy, available on the Site. Please read these Terms carefully, as they include important provisions regarding the use of the Services, limitations of liability, dispute resolution, and risks associated with digital assets. If a dispute arises that cannot be resolved, it must be settled through arbitration, and you waive the right to participate in class action lawsuits. You should only use the Services if you fully agree to these Terms.

Digital Assets

The Services primarily relate to digital assets, which include any representation of value built on cryptographic protocols, such as non-fungible tokens (“NFTs”), cryptocurrencies, or other blockchain-based assets. Using, trading, or interacting with digital assets involves risks, which are detailed in Section 15.

Modifications to the Terms

We reserve the right to update or modify these Terms at any time without prior notice. Changes will be posted on the Site, and your continued use of the Services after such updates constitutes acceptance of the revised Terms. It is your responsibility to review these Terms periodically. If you disagree with any changes, your sole remedy is to discontinue use of the Services.

User Eligibility

To use the Services, you must:

  1. Be at least 18 years old.
  2. Comply with all applicable laws and regulations in your jurisdiction.
  3. Not be subject to sanctions or restrictions that would prohibit your use of the Services.

By using the Services, you represent and warrant that you meet these eligibility requirements.

Service Offerings

Our Services include providing a platform for listing, buying, and selling digital assets such as NFTs. Users may engage in secondary sales of existing assets or launch new collections. Additional features may be introduced or modified at our discretion.

Wallet Integration

To use certain features of the Services, you must connect a compatible digital wallet (“Wallet”). Your Wallet is used to interact with the Platform, and you are solely responsible for its security and all transactions conducted through it. We are not liable for any loss or unauthorized access related to your Wallet.

Prohibited Activities

You agree not to engage in any activities that:

  1. Violate applicable laws or regulations.
  2. Involve fraud, money laundering, or terrorism financing.
  3. Compromise the security, functionality, or reputation of the Services.
  4. Attempt to manipulate the value of digital assets in any deceptive or harmful way.
  5. Involve unauthorized access to our systems or data.

Ownership and Content

All intellectual property associated with the Services, including proprietary content, trademarks, and software, is owned by Figment Exchange or its licensors. Users may only use such content as permitted under these Terms.

Assumption of Risk

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

  • Digital asset values are highly volatile and may result in significant financial losses.
  • Transactions on blockchain networks may be irreversible.
  • Regulatory changes or technical failures could adversely impact your use of the Services.
  • Third-party platforms or wallet providers may affect the functionality of the Services.

Fees and Taxes

Users are responsible for all applicable fees, including platform fees, transaction fees, and taxes associated with using the Services. Figment Exchange may modify fee structures at its discretion.

Disclaimers

The Services are provided "as is" and "as available" without warranties of any kind. Figment Exchange does not guarantee:

  1. The accuracy, reliability, or availability of the Services.
  2. The value or authenticity of any digital assets on the Platform.
  3. Security against unauthorized access or system failures.

Users assume full responsibility for their use of the Services.

Limitation of Liability

To the maximum extent permitted by law, Figment Exchange is not liable for:

  1. Any loss or damage resulting from your use of the Services or digital assets.
  2. Technical issues, including system outages, blockchain forks, or Wallet-related problems.
  3. Indirect, incidental, or consequential damages, even if foreseeable.

Dispute Resolution

All disputes must be resolved through binding arbitration in accordance with applicable arbitration rules. You waive the right to participate in class actions or jury trials. Exceptions may apply for small claims or intellectual property matters.

Termination

We reserve the right to suspend or terminate your access to the Services at any time for any reason, including violations of these Terms or applicable laws. Upon termination, any rights or obligations that should reasonably survive termination will remain in effect.

General Provisions

  1. Entire Agreement: These Terms constitute the entire agreement between you and Figment Exchange regarding the Services.
  2. Severability: If any provision is deemed invalid, the remaining provisions will remain in force.
  3. Force Majeure: We are not liable for events beyond our control, including natural disasters, regulatory changes, or network disruptions.

Contact Us

For questions or feedback, please contact Figment Exchange via the official communication channels listed on our Site or [email protected]